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381: Making $7K/Month in PURE Cash Flow with Only 3 Rental Properties w/Bailey Kramer

381: Making $7K/Month in PURE Cash Flow with Only 3 Rental Properties w/Bailey Kramer

FromReal Estate Rookie


381: Making $7K/Month in PURE Cash Flow with Only 3 Rental Properties w/Bailey Kramer

FromReal Estate Rookie

ratings:
Length:
53 minutes
Released:
Mar 18, 2024
Format:
Podcast episode

Description

Many people buy rental properties for the cash flow, but today’s guest took it to another level—dropping out of college to go all-in on real estate investing. Find out how he brings in several thousand dollars of profit each month and how YOU can replicate his investing strategy!
Welcome back to the Real Estate Rookie podcast! Like many new investors, Bailey Kramer started out small—converting long-term rentals into Airbnbs and co-hosting these properties for someone else. After seeing how much money this investor was raking in, Bailey decided that he wanted his own piece of the short-term rental pie. Within eighteen months, he had built his own small portfolio with a focus on cash flow. Today, his three properties bring in a total of $7,000 each month in addition to all of his co-hosting profits!
Tune in as Bailey delivers the blueprint he uses to maximize his cash flow. The best part? This strategy is EASY to implement, whether you’re investing in your own backyard or another market entirely. We also get into DSCR (debt service coverage ratio) loans, how to build an out-of-state investing team, and the method Bailey uses to find the perfect neighborhoods to invest in!
In This Episode We Cover:
The strategy YOU can use to maximize cash flow across your portfolio
How to get approved for a mortgage without paystubs or tax returns
The low-cost, low-risk way to get into real estate—co-hosting!
Why you NEED to build your team before investing out of state
Finding the right neighborhood to invest in with the “reverse review” method
And So Much More!
Links from the Show
Find an Agent
Find a Lender
Ashley's BiggerPockets Profile
Ashley's Instagram
Tony's BiggerPockets Profile
Tony's Instagram
Real Estate Rookie Facebook Group
Join BiggerPockets for FREE
Submit Your Real Estate Rookie Question!
Apply to Be a Guest on the “Real Estate Rookie” Podcast
Making $8K/Month from 2 Doors and How to Get HUGE Cash Flow with Fewer Units
Seeing Greene: How to Make Even MORE Cash Flow Off Your Rental Properties
Cash Flow for Rental Properties: What Is Average or Good?
Find a DSCR Loan with OfferMarket
Connect with Bailey
Bailey's BiggerPockets Profile
Bailey's Facebook
Bailey's Instagram
Bailey's YouTube

Check the full show notes here: https://www.biggerpockets.com/blog/rookie-381
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com
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Released:
Mar 18, 2024
Format:
Podcast episode

Titles in the series (100)

Ready to build your real estate empire… but not sure where to begin?Think of us as your personal trainer.From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.Looking to 10X your real estate investing business this year? This show isn’t for you.Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.