848: From Bussing Tables as a New Immigrant to Making $5K/Month from Rentals w/Keleisha Carter

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 24 November 2023

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

Keleisha Carter built a $5K/month passive income stream as a new immigrant with NO green card, money, or ability to get a mortgage. After realizing that her corporate job in Jamaica wouldn’t lead her to where she wanted to be, Keleisha made the adventurous decision to pack up everything she had and move to the US. Overnight, she went from a high-respected marketing role to bussing tables in an entirely different country, but she had bigger plans. Keleisha’s goal was to support her family financially in any way she could and eventually bring them to the States. After numerous promotions, Keleisha built up a small sum of savings that she would use to buy her first rental property. Or, that was the plan until she realized that without being a US citizen, purchasing a home and getting a mortgage would be much more complicated than she thought. In today’s show, Keleisha shares her smart strategy to get around the banks and buy properties, EVEN as a new immigrant. Plus, she’ll show how she’s buying rentals today WITHOUT using her own money and why she’ll NEVER try to flip houses again. In This Episode We Cover: How to get around mortgage qualifications and buy your first property WITHOUT the banks Quitting corporate and when it’s time to take a risk and leave a soul-sucking job behind An immigrant’s guide to real estate investing without a Green Card or citizenship Why EVERY BRRRR (buy, rehab, rent, refinance, repeat) property MUST work as a house flip How to find the perfect out-of-state investing market even if you have ZERO investing experience 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 Be a Guest on the BiggerPockets Podcast Henry's BiggerPockets Profile Henry's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube BiggerPockets Podcast 636 with Amy Mahjoory (Part 1) BiggerPockets Podcast 352 with Diego Corzo Connect with Keleisha: Keleisha's BiggerPockets Profile Keleisha's Facebook Keleisha's Instagram Keleisha's LinkedIn Keleisha's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-848 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	Welcome to the Bigger Pockets Podcast Show 848.
0:04.3	We know you're going to get a lot out of today's story.
0:06.7	We're here with Kaleisha and she's going to be talking about how she built a portfolio
0:09.7	that brings in $5,000 per month.
0:12.2	She's also going to be talking to us about the things
0:14.6	she is changing and tweaking to adapt in this current market.
0:19.0	Yes, yeah, and I'm here.
0:20.2	I'm Rob Abbasolo, your host of the show,
0:21.9	joined here by my good friend Henry Washington.
0:24.6	And this is what we try to do on the BiggerPockets Podcasts Podcasts
0:26.8	show every single week.
0:27.6	We bring you stories, how-tos, and answers that you need in order to make smart real estate decisions now in today's current market.
0:34.7	Klesha, welcome to the show. How you doing?
0:37.0	Hey guys, I'm doing fantastic. I'm so happy to be here.
0:40.0	2019 in the making, it's here. A little bit of background on you, Klesha. Your portfolio is currently five units in the Smoky Mountain, San Antonio, Florida, Atlanta, and Virginia market. You're joining us from Tampa. You've done 15 plus deals in the past three years and you've got a I think you gross $18,000 per month from properties, but your net is about $4,000 to $5,000 per month. Did I miss anything?
1:03.0	No, you're solid right on point.
1:04.9	Awesome.
1:05.3	And what are you, Henry?
1:05.9	Where are you joining us from?
1:06.8	Are you, it looks like you're in Nashville at the moment
1:08.8	with your collection of guitars in the background.
1:10.7	It does look like I'm in Nashville.
	...

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