Many people buy rental properties for the cash flow, but today’s guest took it to another level—dropping out of college to go all-in on real estate investing. Find out how he brings in several thousand dollars of profit each month and how YOU can replicate his investing strategy!
Welcome back to the Real Estate Rookie podcast! Like many new investors, Bailey Kramer started out small—converting long-term rentals into Airbnbs and co-hosting these properties for someone else. After seeing how much money this investor was raking in, Bailey decided that he wanted his own piece of the short-term rental pie. Within eighteen months, he had built his own small portfolio with a focus on cash flow. Today, his three properties bring in a total of $7,000 each month in addition to all of his co-hosting profits!
Tune in as Bailey delivers the blueprint he uses to maximize his cash flow. The best part? This strategy is EASY to implement, whether you’re investing in your own backyard or another market entirely. We also get into DSCR (debt service coverage ratio) loans, how to build an out-of-state investing team, and the method Bailey uses to find the perfect neighborhoods to invest in!
In This Episode We Cover:
The strategy YOU can use to maximize cash flow across your portfolio
How to get approved for a mortgage without paystubs or tax returns
The low-cost, low-risk way to get into real estate—co-hosting!
Why you NEED to build your team before investing out of state
Finding the right neighborhood to invest in with the “reverse review” method
And So Much More!
Links from the Show
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Making $8K/Month from 2 Doors and How to Get HUGE Cash Flow with Fewer Units
Seeing Greene: How to Make Even MORE Cash Flow Off Your Rental Properties
Cash Flow for Rental Properties: What Is Average or Good?
Find a DSCR Loan with OfferMarket
Connect with Bailey
Bailey's BiggerPockets Profile
Bailey's Facebook
Bailey's Instagram
Bailey's YouTube
Check out more resources from this show on https://www.biggerpockets.com/blog/rookie-381
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