BiggerPockets Real Estate Podcast

‘Building’ 7-Figure Wealth with ONE Very Lucrative Rental Property

Feb 17, 2025

David Rosenbeck, a nurse practitioner turned real estate investor, shares his journey to building wealth through rental properties. He discusses how he achieved $100,000 in profits in just 18 months and his exciting plan to construct a short-term rental in Sedona. David reveals the importance of using other people's money for funding and the strategies he's employing to navigate a saturated midterm rental market. Listeners will find inspiration in his step-by-step approach to creating their own lucrative real estate opportunities.

38:35

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Episode guests

David Rosenbeck

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Quick takeaways

David Rosenbeck successfully built a stable portfolio of midterm rentals before strategically pivoting to short-term rental development for greater cash flow.

By leveraging private capital and conducting thorough market research, he aims to create a high-demand rental property that meets specific market needs.

Deep dives

Initial Success and Strategic Growth

The investor began his real estate journey during the COVID-19 pandemic, initially focusing on the needs of travel nurses. He identified a lucrative market for furnished midterm rentals, eventually growing his portfolio to eight units within two years, largely driven by demand from healthcare professionals. By utilizing house hacking strategies and financing options like USDA loans, he was able to maximize cash flow while minimizing initial financial burdens. This early success not only generated significant revenue but also enabled him to transition to a lower-stress job, highlighting the potential of targeted investment strategies.

Intro

3min

Navigating Midterm Rentals

4min

Building a Successful Real Estate Portfolio

18min

Strategic Funding in Real Estate

8min

Real Estate Investment Strategies

3min

The Importance of Long-Term Thinking in Real Estate Investment

2min

Though only five years into his rental property investing career, David Rosenbeck is making a seven-figure wealth-building move. If it all pans out, he’ll be one million dollars (or more) richer, with a brand new investment property that’ll spit out $7,000 cash flow monthly! This is a DREAM real estate deal that any investor wishes they could get their hands on…but here’s the thing: anyone can do this, and you can 'build' your own deal from scratch!

After making $100,000 in his first 18 months of investing, David knew he had a knack for real estate investing. He was a nurse practitioner and in no way wanted to give up his sizable six-figure salary, but he knew he wanted to scale his real estate portfolio in a big way. The problem? Deals are hard to come by, and David’s main strategy—medium-term rentals (renting to traveling nurses)—was getting saturated. So, he searched for something new and landed on a big opportunity: build his OWN short-term rental in one of the hottest destinations in the US but build it specifically to beat the competition.

He found the money and the dirt to build on and is off to the races—keeping his small portfolio while taking a big risk for a massive reward: a million-dollar equity upside if he pulls it off. Want to hear how you can create your own seven-figure opportunity? David is sharing, step-by-step, exactly how he did it!

In This Episode We Cover:

How David is ‘building’ a seven-figure equity-upside real estate deal

Using other people’s money to invest in real estate (and how to do it the RIGHT way)

How David scaled from zero to eight rentals in just three years

The bright side of short-term rental regulations and the market that David feels very confident in

How to find a builder/developer for your first new construction rental property (and vet them BEFORE you start!)

And So Much More!

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