815: $10K/Month at 25 Years Old by Buying $100K Properties w/Soli Cayetano

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 7 September 2023

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

Soli Cayetano makes over $10K per month in passive income at age twenty-five by buying the rental properties that most investors actively avoid. These properties are often in overlooked markets that aren’t as attractive as San Diego, Miami, Austin, or Seattle, but they make her as much, if not more, money. The houses Soli buys are often $100K or less, meaning almost any investor reading this could come close to buying one. In three years, Soli turned $50K into a $5M real estate portfolio, enough passive income to support her for life, and an online following constantly finding and funding deals for her. She started building her real estate portfolio right after college when lockdowns took away her chance to make any active income. After reading David Greene’s Long-Distance Real Estate Investing and listening to the Real Estate Rookie podcast, Soli scraped together every dollar she had and bought a Midwest rental that needed serious rehab. Now, a few years later, she and her partners own dozens of rentals across multiple markets. As a result, Soli was able to quit her job, focus entirely on real estate, and achieve ultimate time freedom. But will her cash-flow-first model work out in the long run? David goes head to head with Soli in this episode to debate whether or not these “cheap” markets are a mistake to invest in. In This Episode We Cover: Out-of-state investing and where to buy rental properties for just $100K Expensive properties vs. cheap properties and which will really make you richer Keeping yourself accountable and why you need to tell people your goals to make them happen Raising private money and how Soli got over 800 private investors through Instagram alone Real estate partnerships and how to grow your portfolio FAR faster by not going solo The battle of the BRRRRs and a David vs. Soli debate over which markets make the most money And So Much More! Links from the Show Find an Agent Find a Lender 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 Davids's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Listen to The “Real Estate Rookie” Podcast Check Out Soli On the “On The Market” Podcast Books Mentioned in the Show Long-Distance Real Estate Investing by David Greene Connect with Soli Soli's BiggerPockets Profile Soli's Instagram Soli's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-815 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 the Bigger Pogas Podcast, show 8-1-5.
0:05.0	The homes that we've been buying are primarily $100,000 and less.
0:09.1	I started investing in 2020.
0:10.9	Interest rates were about 3.5% and buyers flooded the market.
0:16.0	Nowadays, with 7-8% interest rates, I think a lot of people have told themselves that
0:20.8	deals just won't work.
0:22.2	Because of that, we've been able to make a lot more aggressive offers, less buyers in
0:25.4	the market, more deals for us.
0:32.4	It's going on, everyone.
0:39.4	This is David Green, your host of the Bigger Pogas Podcast, coming to you from downtown
0:43.4	LA at Spotify Studios, where I'm joined by Rob Abasolo and Soli Kaitano.
0:48.6	Doing a real estate podcast.
0:49.6	If you didn't know, we are the biggest, the best, and the baddest real estate podcast
0:53.2	on the planet.
0:54.2	I am joined today by some talented real estate investors.
0:58.0	Today we interview Soli and we get into how she built a portfolio of properties all across
1:02.2	the country using long-distance investing techniques and got her start with cheaper price
1:06.6	properties that made it easier to scale at scale.
1:10.2	Rob, bring it to today's quick tips.
1:12.2	Today's quick tip.
1:13.2	Find a way to keep yourself accountable.
1:14.2	If you want to get into real estate, document the journey.
	...

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