Snowballing $20K Into 11 Rental Properties in Under 4 Years

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 30 September 2024

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Snowballing a $20,000 investment into eleven rental properties…in under four years?! Most investors are happy to add ONE property to their real estate portfolio every year or so, but this rookie wants to get a head start on his ultimate goal—creating enough cash flow to retire him and his wife! Welcome back to the Real Estate Rookie podcast! After years of job hopping, Bryan Field wondered whether settling into a traditional nine-to-five job would ever be in the cards for him. As fate would have it, Bryan stumbled on BiggerPockets at a crossroads in his life, and real estate investing quickly became his new obsession. The only problem? His hometown of San Diego, California was well outside his price range. So, he and his wife took a leap of faith and moved to Arizona, which is where he found his first rental property! In just a few short years, Bryan has had the FULL investing experience—changing investing strategies mid-deal and investing in markets all over the country. Along the way, he has moved to low-cost-of-living areas to save money, rolled home equity into more deals, and found rare off-market properties (seller-financed)! In This Episode We Cover: How Bryan snowballed $20,000 into eleven properties (in under four years) Building your real estate portfolio faster by moving to a low-cost-of-living area How to get your spouse on board with your real estate investing dream Using a HELOC (home equity line of credit) to fund more real estate deals How to pivot to another investing strategy when things don’t go to plan Why you always need an exit strategy whenever you buy a new property And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPokckets Profile Join BiggerPockets for FREE Real Estate Rookie Facebook Group Buy the Book “Long-Distance Real Estate Investing” Find an Investor-Friendly Agent in Your Area See Ashley and Tony at BPCON2024 in Cancun! Real Estate Rookie - Episode #452: The Rookie’s Cheat Sheet for Market Research (Find Where to Invest in 2024) Connect with Bryan Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-464 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	Ever wonder how you could just take $20,000 and turn it into a portfolio of 11 long-term rental properties?
0:07.0	It might sound impossible, but our guests today did exactly that, and they're here to break down how they made it happen if you've been looking for a game plan to grow your real estate portfolio in a strategic way. This is the episode for you
0:20.0	This is the real estate rookie podcast. I'm Ashley Care and I'm here with Tony J Robinson
0:25.8	And welcome to the show where every week three times a week we bring you the
0:29.5	Inspiration motivation and stories you need to hear to kick start your investing journey.
0:33.8	Now today we're going to discuss why moving to a lower cost of living area could
0:38.6	supercharge your real estate investing journey.
0:41.2	We're going to talk about how to pull equity out of a property
0:44.1	that you already own to help you scale faster and we'll also talk about how to grow your
0:48.6	portfolio in under five years. So welcome to the show, Brian Field. Brian, we're
0:52.4	super excited to have you here. Thanks so much for joining us today brother.
0:55.4	Thank you guys Ashley Tony good to see you and super excited to be here and chat with you.
1:00.0	Ryan I was looking over the guest form that you filled out and it says that you have 11 properties.
1:04.4	So let's start with how long have you been investing to kind of amass this portfolio?
1:09.7	Yeah, so I think really the start of everything was three and a half years ago just over that in
1:18.2	January 2021 my wife and I decided to move out of California to Arizona and we bought a primary residence and the goal there was to be boots on the ground in a lower cost of living market and start our investing from there.
1:36.1	At the time that wasn't kind of my what I thought was my start of my investing career,
1:42.3	but today that property that was our primary is now actually
1:46.3	a rental it's one of our best performing rentals in terms of cash flow and appreciation and then has also helped you know fuel we've used the equity in that house to
1:56.6	to now snowball that into the rest of our rentals so technically speaking about
2:01.2	three and a half years ago is when I got started.
2:04.0	And when you first started out, why did you decide that real estate was going to be a path that you chose,
	...

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