Real Estate Rookie

Tiny Investments, Killer Cash Flow, and Starting with Just $12K

12 snips
Feb 3, 2025
Manny Reyna, a veteran turned real estate investor, shares his inspiring journey of transforming a $12,000 investment into a thriving rental portfolio and a unique glamping business. He discusses the importance of utilizing VA loans and the challenges of starting with minimal funds. Manny dives into the logistical hurdles of setting up utilities for properties and managing rentals from Japan. He also shares hard-earned lessons about pricing strategies and tenant management that every aspiring investor could benefit from.
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ANECDOTE

Accidental Beginning

  • Manny Reyna's real estate journey started after an injury during his army service.
  • With $12,000, he bought his first house using a VA loan, intending to rent it later.
ADVICE

VA Loan Power

  • Leverage the VA loan benefit if you're a veteran or active-duty military member.
  • You can use the VA loan multiple times, allowing for portfolio growth.
ANECDOTE

Pricing Mistake

  • Manny's first rental property initially cash flowed well at $695/month.
  • However, he lost nearly $10,000 due to prolonged vacancy from inflexible pricing.
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