Finding a Long-Term Rental Property

Keith discusses his goals for the real estate deal and how he got connected with investors in Indianapolis. The speakers talk about their motivations for getting into real estate and the importance of cash flow and appreciation. They also discuss the 'burrr' strategy and their buy box criteria for a real estate deal.

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Want to speed up your retirement savings so you can retire even faster? With the right out-of-state rental properties, you can have consistent cash flow coming in every month, along with tens of thousands, if not hundreds of thousands, in equity from properties you bought this year! Today, we’re talking to two investors building their retirement nest eggs with long-distance real estate investing. Even better, the deals they’ll share were bought THIS year in today’s impossible housing market.

First, we’ll talk to Keith, who lives in pricey California. He knew he couldn’t invest nearby but wanted to start building his passive income empire. With the help of Indianapolis agent Peter Stewart, Keith was able to lock down a medium-term rental that now cash flows $700 per month! Keith and Peter get into all the details, from how much the house cost to how they got it close to $30,000 under asking price, and the almost-perfect BRRRR (buy, rehab, rent, refinance, repeat) they did.

Next, we’ll talk to Dave, who sold off all his rental properties in the last crash. Now, with retirement inching closer, he wants to build a legacy for his two boys. Dave worked with Oklahoma’s own Dahlia Khalaf on finding a long-term rental in a market with PLENTY of demand—so much demand that Dave had seventy-five interested applicants the weekend he posted this home for rent! If you want to find deals like Keith and Dave did in TODAY’s housing market, tune in!

In This Episode We Cover:

Retiring with rental properties and how to start building your nest egg today

Out-of-state real estate investing and landlording at a distance when your home market is too pricey

Building your “buy box” so you know exactly what rental properties to look for

How to get WAY more cash flow out of the same rental with the “medium-term rental” model

Using the BRRRR (buy, rehab, rent, refinance, repeat) method to pay close to nothing for rental properties

Why overbidding isn’t always a bad thing (and how it can make you money!)

And So Much More!

Links from the Show

Find an Agent

Find a Lender

BiggerPockets Youtube Channel