Navigating Challenges in Investing in Small Towns and Tiny Markets

The chapter explores the speaker's investment strategy in small towns like Mountain Hill, Mark, and Saul, discussing the hurdles of finding contractors and property managers. It delves into overcoming obstacles by aiming to scale up portfolios in each market and transitioning to managing others. The chapter highlights the importance of finding great deals to scale in real estate investment and maximizing returns by acquiring properties below market value.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

In just four years, Dylan Osmon went from having no job, barely any money, and no real estate investing experience to owning over one hundred rental units. How’d he do it so quickly? Before we answer that, we’re going to make this a little more impressive. Dylan isn’t buying in the big cities with tons of inventory going on the market every week—he’s been buying in tiny towns that you and almost everyone else listening to this have never heard of. And he may have struck gold by doing so.

Dylan acquired his first investment property right before the lockdowns. Then, after closing, he quickly realized that this was the worst rental property he could have bought. It had everything—low rents, tenants who never paid, and, to top it off, a cesspool of human waste in the crawlspace—everything you need for a deal gone wrong. He quickly got control of this nightmare rental, flipping it and walking away unscathed. But now, he had to start back from square one, this time with new knowledge.

Over the next few years, Dylan made it his mission to build multiple income streams, so every dollar he made went into new deals. He eventually met partners that would help him scale even quicker and learned the secret to finding the best off-market properties—don’t worry, he shares it in this episode! Now, he’s got over one hundred rentals across three small markets, and if you copy his strategy, you could too!

In This Episode We Cover:

Why you CANNOT overlook small markets when investing in real estate

The #1 best way to find off-market real estate deals in any area

How much emergency reserves you should have on hand at ALL times

Investing in real estate with no money by finding the deal FIRST

Scaling your real estate business faster so you don’t have to do so much of the work

The risk of having only a W2 salary and just one income stream

And So Much More!

Links from the Show

Find an Agent

Find a Lender

BiggerPockets Youtube Channel