BiggerPockets Real Estate Podcast - I Replaced My Salary with Cheap, Repeatable Rental Properties

Episode #1183 Get Fast, Flexible & Reliable Real Estate Loans with Express Capital Financing: https://expresscapitalfinancing.com/?utm_source=Bigger%20Pockets&utm_medium=Youtube&utm_campaign=Sponsored%20Youtube&utm_id Find Your Next Real Estate Deal with PropStream: http://propstream.com/BP Episode Show Notes: https://lnk.to/biggerpocketsYT Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Let Us Know What You Thought of the Show! https://www.BiggerPockets.com/Podcastfeedback Grab Dave’s Book, “Real Estate by the Numbers”: https://store.biggerpockets.com/products/real-estate-by-the-numbers?utm_source=youtube&utm_medium=description&utm_campaign=none Sign Up for the BiggerPockets Real Estate Newsletter: https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders Why Your Small Town Is (Probably) the Best Place to Buy Rentals: https://www.biggerpockets.com/blog/real-estate-1018?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Dustin: https://www.biggerpockets.com/users/dustinj71?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Dave: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none This investor turned a $25,000 rental property (yes, you read that right) into a real estate portfolio producing $5,000/month in actual cash flow. He had no experience, lived in a small town many would write off, and was working 60 hours a week. But small towns mean less competition and lower prices, and Dustin Cardenas was ready to take advantage. Seven years later, he’s financially free thanks to his small rental portfolio! Dustin’s small town of 30,000 people is located in one of the most affordable parts of the country. Houses routinely sell for $30,000 - $50,000, a down payment for many investors across the US. He’s what you’d call an “everyman”—he’s worked in pest control, as a car salesman, and in a juvenile detention facility. In other words, he had no silver spoon. When a local investor in town told him, “You can do this,” he took the chance. Now, seven years later, he’s got 20 rental units, left his full-time position at work, and is making a life-changing amount of rental income. These affordable, cash-flowing towns exist throughout the US, and like Dustin, you could use them to reach financial freedom! 00:00 Intro 01:25 Average Americans CAN Do This 03:13 First Rental for $25,000?! 07:17 3 Deals in Year 1 09:16 Don’t Sleep on Small Markets 11:01 Sponsor: Express Capital Financing! 12:14 Buying (and Renovating) 5 More Rentals 15:50 Current Portfolio 18:55 Working Less, Making More 20:07 Monthly Cash Flow