The Basic, Starter Rentals That Cash Flow Me $120,000/Year
BiggerPockets Real Estate Podcast
Six figures in cash flow per year from nine paid-off properties. That’s the definition of a small, powerful, profitable rental property portfolio. And today’s guest, Greg Roedersheimer, did it all within the last five years by buying the type of property every tenant truly wants.
Back in 2007, Greg’s agent told him it was time to buy. Little did he know that in just a year, he would be unable to sell that property and would be forced to become an accidental landlord. 13 years later, after having his pre-40s “midlife crisis,” Greg knew he needed a way out of corporate with cash flow to replace his salary. He settled back into real estate, but this time the market was very different.
Through smart partnerships, savvy saving, and targeting the exact type of property that has the most demand potential, Greg has built a small, financially freeing portfolio that has allowed him to regain his time with his kids, dedicate hours to his hobbies, and partner up to make win-win deals for him, his partner, and his tenants!
In This Episode We Cover
The types of rental properties that have the highest demand from today’s tenants
Why even small rental properties (condos!) can cash flow in the 2020s
Don’t have enough money to invest? How to partner up and get your first deal
Self-management vs. hiring a property manager: Why Greg does what he does for his nine-unit portfolio
How to go from “turnkey” landlord to “value-add” investor and make serious equity gains
The best beginner advice if you’re on the fence about buying your first rental
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1258
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