After a fateful encounter with a real estate investor on vacation, Pratik Shah's eyes were opened to the possibilities of real estate investing. Now, just eight years later, he has a rental property portfolio producing $12,000 per month in pure profit. Even better, he accomplished it all while working a 9-to-5 job, buying rental properties on the side, and managing them from afar. No creative financing strategies, no off-market deal hunting, just picking the right properties in the right markets.
Pratik's secret to a six-figure passive income stream in under a decade? Move markets when deals no longer make sense. Pratik has switched investing markets three times now, going where the cash flow is and the prices make sense. This has helped him grow his real estate portfolio while other investors complain that prices in their markets are too high.
The proof that his repeatable strategy works? An income-replacing amount of cash flow every month that could easily give him the financial freedom many of us dream of. Pratik turned a bad tenant who burned down his house into a huge payday, simple networking into rare real estate deals, and a duplex into a portfolio of just under 20 rental units!
In This Episode We Cover
How Pratik built a $12,000/month passive income stream while working 9-to-5
When it's time to switch real estate investing markets for better opportunities
How Pratik made a six-figure win out of a burned-down house
No more rentals? Why Pratik is pausing on rental properties for a different strategy
Want more off-market deals? Why you need to go to meetups and connect with investors on the BiggerPockets forums!
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1171
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