11 Rentals in 4 Years with SMALL, Affordable Multifamily Properties

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 28 April 2025

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

We always say it, but buying just ONE rental property can change everything! For Jesse Walters, a coffee roaster by trade but a cash-flowing investor now, buying his first rental property opened up an entirely new world of not only passive income—but freedom. After his wife became a real estate agent, Jesse noticed the sizable commission checks and thought hundreds of dollars a month in passive cash flow beat wholesaling three-dollar bags of coffee. Was he right? Jesse didn’t do any expert-level real estate investing moves to get his first deal done. It was 2021—he found a listing for an affordable house, put 20% down on it, and rented it out. That strategy seemed to work, so Jesse did it again, finding another on-market, affordable rental property to purchase. Then, he took it up a notch, purchasing a fourplex (four units) by putting—get this—$0 down! He used a strategy ANYONE with access to a local bank can try, and this property lit the rocket fuel for his portfolio. Now, he has 11 rental units, runs multiple house flips a year that pay him five-figure checks, and is building a new triplex that will hit the 1% rule from the start. Jesse shares the exact playbook for building a small but profitable rental property portfolio, even with high interest rates, even in a small town, and even if you have no experience. In This Episode We Cover How Jesse used his two small rental properties to put $0 down on a fourplex! “Building” the 1% rule and why brand new rentals may make more sense than existing ones Why you CAN cash flow with affordable real estate in small towns The investor cheat code that Jesse has (thanks to his wife) and why you NEED an investor-friendly agent to get the best deals How Jesse made $21,000 on a quick, cosmetic, low-cost flip (as a complete newbie) And So Much More! Check out more resources from this show on ⁠BiggerPockets.com⁠ and ⁠https://www.biggerpockets.com/blog/real-estate-1114 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email ⁠[email protected]⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Guess what, folks. You can still buy real estate today and build an investment portfolio that
0:05.1	cash flows monthly and build wealth long term. Yes, even with the current interest rates and
0:09.7	home prices. Today we're speaking with an investor who bought one single family home in 2021,
0:14.0	then bought one more in 2022, and then he added a few more small multifamily properties over the
0:18.6	last two years. It's not a complicated strategy, but it can have a huge effect on your financial future.
0:23.9	Today, he's left his job to focus full-time on investing.
0:32.4	What's going on, everybody?
0:33.5	I'm Henry Washington, and I'm guest hosting the Bigger Pockets podcast today in place of Dave Meyer.
0:38.4	On this episode, we have an investor story for you with Jesse Walters. Jesse started investing in Columbia, Missouri in 2021 and has accumulated 11 doors in the last five years.
0:48.0	If anyone thinks they can't find cash flow in this market, Jesse is doing just that, even with some interest rates at 8% because
0:56.1	he knows how to identify strong opportunities.
0:58.4	He knows how to buy undervalued properties and how to grow within his means.
1:02.2	It's a tried and true playbook that almost anyone can follow.
1:05.8	If you're on the fence about whether real estate investing is right for you or about whether
1:09.8	or not now is the time
1:10.9	to grow your real estate business, this conversation might just convince you.
1:14.8	Let's go ahead and bring on Jesse.
1:16.3	Jesse, man, thanks for being on the show today.
1:18.4	Yeah, thanks for having me.
1:19.4	I really appreciate this opportunity.
1:21.1	Oh, man, amazing for you to be here.
1:23.7	Why don't you give us a little background?
	...

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