Snowballing to $8,500/Month Cash Flow with 10 Rental Units (in Just 6 Years!)
Description
What would you do with $8,500 in monthly cash flow? Quit your W2 job? Travel the world? Reinvest it? The possibilities are endless, and by blending investing strategies and getting creative when hunting for deals, today’s guest was able to “snowball” to $8,500/month with 10 rental units in just a few years!
Welcome back to the Real Estate Rookie podcast! In this episode, we’re chatting with Kelsey Porter, a real estate agent who caught the investing bug when a client introduced her to BiggerPockets. While most new investors focus on one strategy, Kelsey has tried a little bit of everything—house hacking, live-in flips, and short, medium, and long-term rentals. She has even rented out her primary residence for months at a time, a move that fully funded her wedding!
With “smedium”-term rentals, unique experiences, and even a Taylor Swift-themed Airbnb—which features a full-blown scavenger hunt—Kelsey has built a highly diversified real estate portfolio. Stay tuned to learn about Kelsey’s strategy for finding off-market deals and the “all-in-one” mortgage she used to tap into her home equity and scale fast!
In This Episode We Cover:
How Kelsey makes $8,500 in monthly cash flow from just 10 rental units
Blending investing strategies to maximize your rental cash flow
Tapping into home equity with the “all-in-one” mortgage
How to land more off-market real estate deals with strategic lead nurturing
How to diversify (and lower your risk) within your real estate portfolio
And So Much More!
Links from the Show
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Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-557
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