Soli Cayetano makes over $10K monthly in passive earnings at age twenty-five by shopping for the rental properties that almost all traders actively keep away from. These properties are sometimes in ignored markets that aren’t as engaging as San Diego, Miami, Austin, or Seattle, however they make her as a lot, if no more, cash. The homes Soli buys are sometimes $100K or much less, that means virtually any investor studying this might come shut to purchasing one.
In three years, Soli turned $50K right into a $5M actual property portfolio, sufficient passive earnings to assist her for all times, and an internet following always discovering and funding offers for her. She began constructing her actual property portfolio proper after school when lockdowns took away her probability to make any lively earnings. After studying David Greene’s Long-Distance Real Estate Investing and listening to the Actual Property Rookie podcast, Soli scraped collectively each greenback she had and purchased a Midwest rental that wanted severe rehab.
Now, a number of years later, she and her companions personal dozens of leases throughout a number of markets. Consequently, Soli was in a position to give up her job, focus completely on actual property, and obtain final time freedom. However will her cash-flow-first mannequin work out in the long term? David goes face to face with Soli on this episode to debate whether or not or not these “low cost” markets are a mistake to spend money on.
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Recorded at Spotify Studios LA.
Observe By BiggerPockets: These are opinions written by the writer and don’t essentially signify the opinions of BiggerPockets.