Many people buy rental properties for the cash flow, but today’s guest took it to another level—dropping out of college to go all-in on real estate investing. Find out how he brings in several thousand dollars of profit each month and how YOU can replicate his investing strategy!
Welcome back to the “Real Estate Rookie” podcast! Like many new investors, Bailey Kramer started out small—converting long-term rentals into Airbnbs and co-hosting these properties for someone else. After seeing how much money this investor was raking in, Bailey decided that he wanted his own piece of the short-term rental pie. Within eighteen months, he had built his own small portfolio with a focus on cash flow. Today, his three properties bring in a total of $7,000 each month in addition to all of his co-hosting profits!
Tune in as Bailey delivers the blueprint he uses to maximize his cash flow. The best part? This strategy is EASY to implement, whether you’re investing in your own backyard or another market entirely. We also get into DSCR (debt service coverage ratio) loans, how to build an out-of-state investing team, and the method Bailey uses to find the perfect neighborhoods to invest in!
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Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media
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Join the Real Estate Rookie Facebook Group:
https://www.facebook.com/groups/realestaterookie
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Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
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Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders
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Making $8K/Month from 2 Doors and How to Get HUGE Cash Flow with Fewer Units:
https://www.biggerpockets.com/blog/rookie-300?utm_source=youtube&utm_medium=description&utm_campaign=none
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Seeing Greene: How to Make Even MORE Cash Flow Off Your Rental Properties:
https://www.biggerpockets.com/blog/real-estate-864?utm_source=youtube&utm_medium=description&utm_campaign=none
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Cash Flow for Rental Properties: What Is Average or Good?:
https://www.biggerpockets.com/blog/rental-property-cash-flow-analysis?utm_source=youtube&utm_medium=description&utm_campaign=none
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Find a DSCR Loan with OfferMarket:
https://www.offermarket.us/
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Connect with Bailey:
BiggerPockets: https://www.biggerpockets.com/users/baileyk4?utm_source=youtube&utm_medium=description&utm_campaign=none
Facebook: https://www.facebook.com/bailey.kramer.986/
Instagram: @the_bailey_kramer or https://www.instagram.com/the_bailey_kramer
YouTube: https://www.youtube.com/@baileykramer
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Connect with Tony:
BiggerPockets: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @tonyjrobinson or https://www.instagram.com/tonyjrobinson/
Show notes at: https://link.chtbl.com/Rookie
00:00 Intro
00:42 Bailey’s Portfolio & Finding His Market
07:11 HUGE Cash Flow & Co-Hosting 101
12:51 Buying His FIRST Property
20:56 How to Invest Out of State
25:24 The “Reverse Review” Method
31:42 Renting to Insurance Companies
41:37 Numbers on the Triplex
44:46 Connect with Bailey!
