Snowballing $20K Into 11 Rental Properties in Under 4 Years
Real Estate Rookie
Shownotes Transcript
Snowballing a $20,000 investment into eleven rental properties)…in under four years?! Most investors are happy to add ONE property to their real estate portfolio) every year or so, but this rookie wants to get a head start on his ultimate goal—creating enough cash flow to retire him and his wife!
Welcome back to the Real Estate Rookie podcast! After years of job hopping, Bryan Field wondered whether settling into a traditional nine-to-five job would ever be in the cards for him. As fate would have it, Bryan stumbled on BiggerPockets at a crossroads in his life, and real estate investing) quickly became his new obsession. The only problem? His hometown of San Diego, California was well outside his price range. So, he and his wife took a leap of faith and moved to Arizona, which is where he found his first rental property!
In just a few short years, Bryan has had the FULL investing experience—changing investing strategies) mid-deal and investing in markets all over the country. Along the way, he has moved to low-cost-of-living areas to save money, rolled home equity into more deals, and found rare off-market properties) (seller-financed)!
In This Episode We Cover:
How Bryan snowballed $20,000 into eleven properties (in under four years)
Building your real estate portfolio faster by moving to a low-cost-of-living area
How to get your spouse on board with your real estate investing dream
Using a HELOC)** (home equity line of credit)** to fund more real estate deals
How to pivot to another investing strategy when things don’t go to plan
Why you always need an exit strategy whenever you buy a new property
And **So **Much More!
Links from the Show
Ashley's BiggerPockets Profile)
Tony's BiggerPokckets Profile)
Real Estate Rookie Facebook Group)
Buy the Book “Long-Distance Real Estate Investing”)
Find an Investor-Friendly Agent in Your Area)
See Ashley and Tony at BPCON2024 in Cancun!)
Check out more resources from this show on BiggerPockets.com) and https://www.biggerpockets.com/blog/rookie-464)
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