An anecdote is shared about an individual who successfully started in real estate investing through house hacking a small duplex, prioritizing saving for the next rental property over personal luxuries like a car, and living in a smaller unit to maximize rental income.
"he started with house hacking and he started with a very small duplex where he lived in a very small unit so he could rent out the bigger unit and he spent his money not on nice things but saving up for his next rental property he didn't even buy himself a car he rode a bike miles to work every day and back that way he could save money save that car payment save that down payment on the car so he could save that money for the next rental property and he was living in a very small unit that way he could generate more rental income than what he would have gotten if he lived in the nicer unit"