‘Building’ 7-Figure Wealth with ONE Very Lucrative Rental Property

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 17 February 2025

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Though only five years into his rental property investing career, David Rosenbeck is making a seven-figure wealth-building move. If it all pans out, he’ll be one million dollars (or more) richer, with a brand new investment property that’ll spit out $7,000 cash flow monthly! This is a DREAM real estate deal that any investor wishes they could get their hands on…but here’s the thing: anyone can do this, and you can 'build' your own deal from scratch! After making $100,000 in his first 18 months of investing, David knew he had a knack for real estate investing. He was a nurse practitioner and in no way wanted to give up his sizable six-figure salary, but he knew he wanted to scale his real estate portfolio in a big way. The problem? Deals are hard to come by, and David’s main strategy—medium-term rentals (renting to traveling nurses)—was getting saturated. So, he searched for something new and landed on a big opportunity: build his OWN short-term rental in one of the hottest destinations in the US but build it specifically to beat the competition. He found the money and the dirt to build on and is off to the races—keeping his small portfolio while taking a big risk for a massive reward: a million-dollar equity upside if he pulls it off. Want to hear how you can create your own seven-figure opportunity? David is sharing, step-by-step, exactly how he did it! In This Episode We Cover: How David is ‘building’ a seven-figure equity-upside real estate deal Using other people’s money to invest in real estate (and how to do it the RIGHT way) How David scaled from zero to eight rentals in just three years The bright side of short-term rental regulations and the market that David feels very confident in How to find a builder/developer for your first new construction rental property (and vet them BEFORE you start!) And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Apply to Be a Podcast Guest Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust Save $100 on Real Estate’s Biggest Event of the Year, BPCon2025 Grab the Book “Raising Private Capital” Find an Investor-Friendly Agent in Your Area Real Estate Rookie 273 - Making $100K in 18 Months with “Misfit” Medium-Term Rentals w/David Rosenbeck Connect with David Rosenbeck Connect with Dave (00:00) Intro (01:44) Nurse Practitioner Turned Investor (06:02) 8 Rentals in 3 years! (09:34) Ditching Medium-Term Rentals for… (14:27) Development Details (16:48) Building the Perfect Property (24:21) Finding Your Builder (26:51) How Much He’ll Make (30:34) Become a BiggerPockets Guest! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1084 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 investor made $100,000 in his first 18 months, but that only paved the way for an even
0:06.7	bigger deal. We're talking really big, like about the potential to cash flow $7,000 per month
0:12.6	with just a single property. Today, we're going to hear how he's doing it.
0:27.5	Hey, everyone, it's Dave Meyer here with another Bigger Pockets podcast episode. And our guest today is David Rosenbeck. And if that name maybe sounds familiar to you, it's probably because he was
0:32.8	on the real estate rookie show back in March of 2023. It was episode 273 if you want to check that out.
0:39.0	At that time, when we last checked in with David, he was about a year and a half into his
0:43.3	investing career and had generated over $100,000 in revenue with just a handful of
0:48.8	midterm rental properties focused on travel nurses. He'd used that portfolio to transition into a lower stress
0:56.3	W-2 job, and he got to spend some time traveling the country. I wanted to bring David back
1:01.6	onto the Bigger Pockets Network today because I think he's just a very good example of how even a
1:06.7	small portfolio can change your life if you pick the right strategies. He also demonstrates really
1:12.5	well how to challenge yourself and scale your investing into bigger properties without taking
1:18.1	on unnecessary risk. Right now, David has a development project in progress in Sedona, Arizona,
1:24.0	and this deal has the potential to generate a huge equity pop when it's finished.
1:29.7	But I think what I really want to dig into as well is the way he structured his deal, because I
1:34.3	think it's a great blueprint to follow, even for newer investors who might have less aggressive
1:39.5	strategies than David. So let's welcome David back to the Bigger Pockets Network.
1:45.7	David, welcome to the show.
1:49.5	Thanks for being here. Dude, thank you for having me. Two Dave's is better than one, right?
1:55.2	Yeah, absolutely. This won't be confusing at all for everyone listening. Well, we're super happy to have you here. I know you were recently on the rookie show, the Bigger Pockets Real Estate
2:00.1	Rookie Show.
2:03.3	If you haven't, go check out David's full story.
	...

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