417: The “Underrated” Assets That Offer HUGE Cash Flow & Multiple Income Streams w/Dylan Kidd

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 10 June 2024

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

Do you want an asset that offers a TON of cash flow? Multiple income streams? How about forced appreciation? Today, we’ll introduce you to an often-overlooked investing strategy that has something for everyone! In 2018, Dylan Kidd was diligently climbing the corporate ladder. But a grueling schedule meant his family was getting his “leftovers,” and something had to give. Fortunately, he discovered real estate investing at the perfect time. Within only a few months, he had become passionate about small multifamily and bought several properties. But eventually, he saw that these smaller deals could only take him so far, which is when he pivoted to commercial real estate—a move that unlocked all types of investing opportunities and helped him amass over 200 “units”! In this episode, you’ll hear about an “underrated” asset class that offers enormous cash flow and various revenue streams. The best part? This niche has low competition, making it easy for rookie investors to claim a piece of this profitable pie! Now an experienced broker, Dylan will not only show you how to find, analyze, and finance these deals but also teach you the art of sourcing and nurturing leads! In This Episode We Cover The “underrated” asset class that offers huge cash flow and MANY income streams The investing strategy Dylan used to scale to over 200 units in just SIX years How to find, analyze, and buy your first campground (step by step) How to build and scale your portfolio FAST with commercial real estate The art of sourcing commercial real estate leads (expert tips from a real broker!) Taking down larger deals through the power of partnerships and seller financing And So Much More! (00:00) Intro (00:50) 209 Units in 6 Years! (06:34) Scaling with Campgrounds (14:58) Finding & Analyzing Deals (25:44) Dylan’s FIRST Commercial Deal (35:02) How to Buy a Campground (40:34) Sourcing Leads & Cold Calling (43:09) Connect with Dylan! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-417 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	This is real estate rookie episode 417.
0:05.0	Today we're talking about investing in an underrated asset class that you should consider over multifamily. I'm Ashley Care and I'm here with Tony J Robinson.
0:16.7	And welcome to the Real Estate Ricky podcast where every week, three times a week
0:21.1	we bring you the inspiration, motivation, and stories you need to hear
0:24.8	to kick start your investing journey.
0:26.6	And today's guest is Dylan Kidd, a real estate investor out of South Carolina.
0:30.1	Now, he climbed the corporate ladder after finding his dream job but then he started
0:34.1	investing a multifamily real estate and now he's pivoted to a strategy that's
0:38.5	different than multifamily and into an asset class so we almost never talk
0:42.2	about on real estate Ricky.
0:43.6	We're excited to dive into what that is.
0:45.4	So Dylan, welcome to the real estate rookie podcast.
0:48.1	Thank you Tony, thank you Ashley.
0:50.0	Happy to be here.
0:50.9	Dylan, welcome to the show.
0:54.2	So from my understanding, you started out
0:56.6	as a real estate investor in multifamily, is that correct?
1:00.3	That is correct, small-family to be exact.
1:02.8	Okay, give us a little bit of how you even got started into that.
1:05.8	Yeah, so my journey kind of dates back. I think I have kind of a stereotypical story,
1:10.8	went the corporate route, you know, graduated college, did everything that I was told to do, right?
1:16.4	Went to undergrad, met my wife, you know, we moved away, started our fairy tale journey together.
	...

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