BiggerPockets Real Estate Podcast

Building a Rental Portfolio WHILE Working W2s by “Recycling" Their Money

4 snips
Oct 28, 2024
Joe Escamilla and Sam Farman, college soccer teammates turned successful real estate investors, share their journey of building an impressive rental portfolio in just three years using a delayed BRRRR strategy. They discuss the pivotal role of choosing the right investing partners, the intricacies of navigating high competition in the market, and how they transformed a duplex into multiple rental properties. Additionally, they dive into raising private capital and the importance of managing investor expectations for sustainable growth.
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ANECDOTE

Meeting and Early Careers

  • Joe and Sam, college soccer teammates, interned together at a mortgage company.
  • They discovered BiggerPockets and became avid listeners, fueling their real estate journey.
ADVICE

Market Selection

  • Invest in markets that align with your lifestyle and investment strategy.
  • Prioritize areas with strong price-to-rent ratios and manageable down payments.
ADVICE

Competitive Advantage

  • When competing for deals, consider inspections for informational purposes only.
  • This allows you to assess major issues without nitpicking, appealing to sellers.
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