Episode #832
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Want to speed up your retirement savings so you can retire even faster? With the right out-of-state rental properties, you can have consistent cash flow coming in every month, along with tens of thousands, if not hundreds of thousands, in equity from properties you bought this year! Today, we’re talking to two investors building their retirement nest eggs with long-distance real estate investing. Even better, the deals they’ll share were bought THIS year in today’s impossible housing market.
First, we’ll talk to Keith, who lives in pricey California. He knew he couldn’t invest nearby but wanted to start building his passive income empire. With the help of Indianapolis agent Peter Stewart, Keith was able to lock down a medium-term rental that now cash flows $700 per month! Keith and Peter get into all the details, from how much the house cost to how they got it close to $30,000 under asking price, and the almost-perfect BRRRR (buy, rehab, rent, refinance, repeat) they did.
Next, we’ll talk to Dave, who sold off all his rental properties in the last crash. Now, with retirement inching closer, he wants to build a legacy for his two boys. Dave worked with Oklahoma’s own Dahlia Khalaf on finding a long-term rental in a market with PLENTY of demand—so much demand that Dave had seventy-five interested applicants the weekend he posted this home for rent! If you want to find deals like Keith and Dave did in TODAY’s housing market, tune in!
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Analyze Rentals in Minutes with the BiggerPockets Rental Property Calculator:
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Hear How to Get YOUR Offer Accepted in This Housing Market:
https://www.biggerpockets.com/blog/real-estate-826?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Dahlia:
BiggerPockets: https://www.biggerpockets.com/users/dahliak?utm_source=youtube&utm_medium=description&utm_campaign=none
ASN: https://asnrealtygroup.com/
Facebook: https://www.facebook.com/ASNRealtyllc
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Connect with Dave:
BiggerPockets: https://www.biggerpockets.com/users/davec245?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Keith:
BiggerPockets: https://www.biggerpockets.com/users/keithl141?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @klaller1 or https://www.instagram.com/klaller1/
Facebook: https://www.facebook.com/klaller1
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Connect with Peter:
BiggerPockets: https://www.biggerpockets.com/users/psr317?utm_source=youtube&utm_medium=description&utm_campaign=none
Facebook: https://www.facebook.com/indyhomeseller
Instagram: @peterstewartrealty or https://www.instagram.com/peterstewartrealty/
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Connect with David and Rob on BiggerPockets:
David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Rob (Robuilt):
Instagram: https://www.instagram.com/robuilt/
TikTok: https://www.tiktok.com/@robuilto
Twitter: https://www.twitter.com/robuiltchannel
YouTube: https://www.youtube.com/c/Robuilt
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Show notes at: https://www.biggerpockets.com/blog/real-estate-832?utm_source=youtube&utm_medium=description&utm_campaign=none
00:00 Intro
02:21 Quick Tip
02:51 Looking for Retirement Rentals
12:13 Deal Deep Dive
19:58 The BRRRR Breakdown
22:26 Don’t Be Scared of The F-Word!
26:53 Investing After the Housing Crash
30:25 Deal Deep Dive
40:07 Finding Tenants and Delayed Gratification
42:15 ALWAYS Be Ready to Buy!
44:06 Connect with the Guests!