Scaling to 10 Rentals in 2 Years & $6K/Month Cash Flow with Low Money Down
Description
What’s stopping you from investing in real estate? Money? What if there was a profitable rental you could buy with just $500 down? Well, today’s guest has found the perfect investment for rookies—a low-money, low-maintenance, low-risk rental that can cash flow as much as many single-family homes!
Welcome back to the Real Estate Rookie podcast! JJ Williams only had to pay a $500 deposit to secure an asset that cash flows over $2,000 some months. And this home-run investment was just the start of his real estate journey. As you’re about to find out, JJ has gone on to purchase ten doors across three properties in just two years, focusing on providing short-term rental “experiences” that command the highest Airbnb rates. The best part? His portfolio brings in well over $6,000 in monthly cash flow!
How has JJ been able to build his real estate portfolio so quickly? In this episode, he shares his two-pronged approach which consists of reinvesting his cash flow and using creative financing to keep buying properties with low money down. Stay tuned to learn how seller financing can help you land deals that are otherwise out of reach, why you should underwrite all deals as long-term rentals, and why your cleaner is your most important short-term rental hire!
In This Episode We Cover:
How to get huge cash flow with low-money-down RV investing
Maximizing your short-term rental rates by providing unique stays
How to negotiate lower interest rates and down payments with seller financing
Boosting your cash flow and reinvesting it in your real estate portfolio
Why you should make sure a property works as a long-term rental before buying it
How to make money without owning rentals through Airbnb arbitrage
Why a cleaner is your most important hire for a short-term rental
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Put Your Vacation Rental on Autopilot with Hospitable
Buy the Book “Real Estate Campgrounds”
Find Investor-Friendly Lenders
See Ashley and Tony at BPCON2024 in Cancun!
(00:00 ) Intro
(00:47 ) RV Investing 101
(07:40 ) Maintaining an RV
(10:06 ) Buying the Historic Home
(14:51 ) Current Portfolio & Buy Box
(22:48 ) Boosting His Cash Flow
(26:07 ) Advice for New Investors
(28:10 ) Connect with JJ!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-456
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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