Think you need a big bank account to invest in real estate? You don’t! There are several ways to either buy a rental property with low money down or turn an existing property into a rental with even less money out of pocket. Just ask today’s guest, whose first property now gives him an extra $1,200 in monthly cash flow!
Welcome back to the Real Estate Rookie podcast! For years, Alex Bozzy had wanted to get into real estate investing. So, when the time came to upgrade from his starter home, he jumped at the opportunity to convert it into a rental. After some light repairs, this first-time landlord was able to find and place a tenant who gives him a $3,000 check each month!
The best part about Alex’s investing strategy? It’s rookie-friendly and highly repeatable! The next time Alex moves, he’ll do it all over again: buy a new primary residence with low money down and turn his current home into another rental property. This is something YOU can do, too. Stay tuned and he’ll show you how to follow his blueprint, step by step!
In This Episode We Cover
How Alex turned his primary residence into a cash-flowing rental property
Making an extra $1,200 a month without buying an investment property
The pros and cons of selling your house versus renting it out
Landlord tools and software that make property management a cinch
How to schedule showings and screen tenants (fairly) on a tight timeline
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-653
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