Snowballing to 10 Units in 6 Years and $8,500/Month Cash Flow

Episode #557 Earn Passive Income by Investing in Shares of Rental Properties with Realbricks: https://realbricks.com/?utm_campaign=9029706-BiggerPockets&utm_source=BiggerPockets&utm_medium=YouTube&utm_content=Description_Box Episode Show Notes: https://lnk.to/realestaterookieYT Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Grab the Book “Start with Strategy”: https://store.biggerpockets.com/products/start-with-strategy?utm_source=youtube&utm_medium=description&utm_campaign=none Sign Up for the Real Estate Rookie Newsletter: https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch Which Real Estate Investing Strategy Is Best for Your Goals?: https://www.biggerpockets.com/blog/which-real-estate-investing-strategy-is-best-for-your-goals?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Kelsey: https://www.biggerpockets.com/users/kelseyp29?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Ashley and Tony: Ashley: https://www.biggerpockets.com/users/ashkehr?utm_source=youtube&utm_medium=description&utm_campaign=none Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none What would you do with $8,500 in monthly cash flow? Quit your W2 job? Travel the world? Reinvest it? The possibilities are endless, and by blending investing strategies and getting creative when hunting for deals, today’s guest was able to “snowball” to $8,500/month with 10 rental units in just a few years! Welcome back to the “Real Estate Rookie” podcast! In this episode, we’re chatting with Kelsey Porter, a real estate agent who caught the investing bug when a client introduced her to BiggerPockets. While most new investors focus on one strategy, Kelsey has tried a little bit of everything—house hacking, live-in flips, and short, medium, and long-term rentals. She has even rented out her primary residence for months at a time, a move that fully funded her wedding! With “smedium”-term rentals, unique experiences, and even a Taylor Swift-themed Airbnb—which features a full-blown scavenger hunt—Kelsey has built a highly diversified real estate portfolio. Stay tuned to learn about Kelsey’s strategy for finding off-market deals and the “all-in-one” mortgage she used to tap into her home equity and scale fast! 00:00 Intro 01:00 Catching the Investing Bug 04:58 Kelsey’s First Rehab Project 08:00 Live-In Flip Numbers 09:48 House Hacking the Duplex 13:10 Renting Out Her Primary 15:26 Driving for Dollars 101 21:31 Nurturing & Networking 25:46 The “All-in-One” Mortgage 30:52 HUGE Cash Flow 32:11 Creating Unique Experiences 37:00 Connect with Kelsey!