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728: Making $80K+ Per MONTH with Just 9 Rental Properties w/Jesse Vasquez

728: Making $80K+ Per MONTH with Just 9 Rental Properties w/Jesse Vasquez

FromBiggerPockets Real Estate Podcast


728: Making $80K+ Per MONTH with Just 9 Rental Properties w/Jesse Vasquez

FromBiggerPockets Real Estate Podcast

ratings:
Length:
71 minutes
Released:
Feb 16, 2023
Format:
Podcast episode

Description

You don’t need a hundred rental properties to make a million dollars a year. You can do it with less than ten properties. Sounds insane, right? If so, tune in to hear Jesse Vasquez’s story as he breaks down exactly how he built a seven-figure income stream with fewer rental properties than most medium-sized landlords. He even gives an example of how just two of his rental properties are cash-flowing enough to replace a six-figure salary. So what is he doing differently from the rest?
After escaping the “golden handcuffs” of a six-figure healthcare sales job, Jesse knew he couldn’t ever return to the corporate work environment again. He loved the paycheck but was paralyzed by the work and needed an escape that could help him build wealth without sucking his soul. After sparking up a conversation with a traveling nurse, he realized there was an unfilled niche in the medium-term rental space, one that traveling professionals would pay handsomely for.
From working in healthcare, Jesse has been able to pinpoint exactly what makes a high-cash flow medium-term rental, which amenities can dramatically increase your rent price, and how to make six figures in cash flow with just a few properties. This deep dive will give you EVERYTHING you need to know before you buy a medium-term rental, how to achieve a near-zero vacancy rate, and the most lucrative way to find tenants that will net you five times higher rent than a regular long-term tenant.
In This Episode We Cover:
The medium-term rental strategy explained and how it produces so much cash flow
Leaving a cushy six-figure job to build a real estate business, not just retire early 
How Jesse makes close to a million dollars a year with just nine rental properties 
The secret amenities that nurses MUST have to book your property 
The exact agencies to call to get your property rented at SIGNIFICANTLY higher rates 
How to choose the perfect medium-term rental market and what to look for in local hospitals 
Home insurance rental coverage and how to use it to fill up your units FAST 
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
David’s YouTube Channel
Work with David
Rob's BiggerPockets Profile
Rob's YouTube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Medium-Term Rentals—How to Get BIG Cash Flow Out of Small Properties
ALE Solutions
DANHousing
Furnished Finder Stats
Book Mentioned in the Show
30-Day Stay by Zeona McIntyre & Sarah Weaver
Connect with Jesse:
Jesse's BiggerPockets
Jesse's Instagram
Midterm Rental Summit
Jesse's Website
Jesse's YouTube

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-728
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Released:
Feb 16, 2023
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.