We always say it, but buying just ONE rental property can change everything! For Jesse Walters, a coffee roaster by trade but a cash-flowing investor now, buying his first rental property opened up an entirely new world of not only passive income—but freedom. After his wife became a real estate agent, Jesse noticed the sizable commission checks and thought hundreds of dollars a month in passive cash flow beat wholesaling three-dollar bags of coffee. Was he right?

Jesse didn’t do any expert-level real estate investing moves to get his first deal done. It was 2021—he found a listing for an affordable house, put 20% down on it, and rented it out. That strategy seemed to work, so Jesse did it again, finding another on-market, affordable rental property to purchase. Then, he took it up a notch, purchasing a fourplex (four units) by putting—get this—$0 down! He used a strategy ANYONE with access to a local bank can try, and this property lit the rocket fuel for his portfolio.

Now, he has 11 rental units, runs multiple house flips a year that pay him five-figure checks, and is building a new triplex that will hit the 1% rule from the start. Jesse shares the exact playbook for building a small but profitable rental property portfolio, even with high interest rates, even in a small town, and even if you have no experience.

In This Episode We Cover

How Jesse used his two small rental properties to put $0 down on a fourplex!

“Building” the 1% rule and why brand new rentals may make more sense than existing ones

Why you CAN cash flow with affordable real estate in small towns

The investor cheat code that Jesse has (thanks to his wife) and why you NEED an investor-friendly agent to get the best deals

How Jesse made $21,000 on a quick, cosmetic, low-cost flip (as a complete newbie)

And So Much More!

Check out more resources from this show on ⁠BiggerPockets.com⁠ and ⁠https://www.biggerpockets.com/blog/real-estate-1114

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠advertise@biggerpockets.com⁠.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Morning Joe 10/9/24

Morning Joe

Exploring Revelations from Woodward's Book and Seasonal Trends

The AI-powered Podcast Player