728: Making $80K+ Per MONTH with Just 9 Rental Properties

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 16 February 2023

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

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Summary

You don’t need a hundred rental properties to make a million dollars a year. You can do it with less than ten properties. Sounds insane, right? If so, tune in to hear Jesse Vasquez’s story as he breaks down exactly how he built a seven-figure income stream with fewer rental properties than most medium-sized landlords. He even gives an example of how just two of his rental properties are cash-flowing enough to replace a six-figure salary. So what is he doing differently from the rest? After escaping the “golden handcuffs” of a six-figure healthcare sales job, Jesse knew he couldn’t ever return to the corporate work environment again. He loved the paycheck but was paralyzed by the work and needed an escape that could help him build wealth without sucking his soul. After sparking up a conversation with a traveling nurse, he realized there was an unfilled niche in the medium-term rental space, one that traveling professionals would pay handsomely for. From working in healthcare, Jesse has been able to pinpoint exactly what makes a high-cash flow medium-term rental, which amenities can dramatically increase your rent price, and how to make six figures in cash flow with just a few properties. This deep dive will give you EVERYTHING you need to know before you buy a medium-term rental, how to achieve a near-zero vacancy rate, and the most lucrative way to find tenants that will net you five times higher rent than a regular long-term tenant. In This Episode We Cover: The medium-term rental strategy explained and how it produces so much cash flow Leaving a cushy six-figure job to build a real estate business, not just retire early How Jesse makes close to a million dollars a year with just nine rental properties The secret amenities that nurses MUST have to book your property The exact agencies to call to get your property rented at SIGNIFICANTLY higher rates How to choose the perfect medium-term rental market and what to look for in local hospitals Home insurance rental coverage and how to use it to fill up your units FAST And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter Medium-Term Rentals—How to Get BIG Cash Flow Out of Small Properties ALE Solutions DANHousing Furnished Finder Stats Book Mentioned in the Show 30-Day Stay by Zeona McIntyre & Sarah Weaver Connect with Jesse: Jesse's BiggerPockets Jesse's Instagram Midterm Rental Summit Jesse's Website Jesse's YouTube Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-728 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the bigger Pockets Podcast Show, 728.
0:05.0	And the cool thing about the agencies, you can actually get these agencies, they can be the
0:08.7	leases on these properties.
0:10.0	So like in San Francisco or Central Valley, I agree, worry about like fully crap, there's
0:13.9	waters.
0:14.9	I don't worry about that too much, but a lot of people do.
0:18.0	These agencies are actually leases.
0:19.3	These are multi-million dollar agencies.
0:20.8	There's no way they're ever going to screw you over.
0:22.2	And that's one of the things that I love about this space too, is that they're taking
0:25.7	responsibility for the clients that are there.
0:28.0	They're taking ownership for that and any damages the agencies actually painful.
0:31.5	It's going on everyone.
0:32.5	This is David Green, your host of the bigger Pockets Real Estate Podcast, the biggest, the
0:36.7	best, the baddest real estate podcast in the world.
0:39.8	Here today with my good friend and talented co-host Rob Abisolo.
0:44.4	Now we have one of the best episodes we've ever done for you today.
0:48.5	And I'm not exaggerating, it's that good.
0:49.9	You're going to listen to it more than once.
0:51.8	It's going to inspire you.
0:53.2	You're going to go follow the listener and you're going to think, gosh darn it, that's
0:56.2	why I listened to this podcast.
	...

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