310: A Straightforward, Repeatable Path to Early Retirement with Jennifer Bayless | Bigger Pockets Podcast
Looking to find financial independence through real estate but don’t want to be responsible for a portfolio of 100 homes? Well, that’s exactly what today’s guest is doing!
Jenny Bayless is a real estate investor in Colorado who is using long-distance investing principles to systematically build a portfolio of cash flowing properties using the BRRRR method! Jenny is absolutely crushing it by “making” deals in today’s tough market and shares what she looks for that other investors miss.
Learn her system for targeting fixer-upper properties, how she estimates rehab costs, and the method her real estate agent uses to send her videos of potential properties so she doesn’t have to drive hours to see them. Jenny also shares how she uses hard money to buy “cash,” how she found a rockstar agent, and how she backed into an “accidental BRRRR” that led to future success!
Today’s episode is equal parts inspirational and practical with TONS of actionable advice. If you want to retire early with real estate but don’t want the headache of managing 100 homes, don’t miss this show!
In This Episode We Cover:
Long-distance principles Jenny uses to invest near her market
How Jenny uses the BRRRR strategy to systematically grow her portfolio
Ways to chase financial freedom without a monstrous portfolio
How she has an agent do her due diligence for her
The strategy she uses to “make” deals in a today’s tough market
Her opinion on how to use turnkey properties to get started investing
Ways to start with fixer-upper properties to get great deals in a hot market
How she uses hard money to buy “cash” deals
How she estimates rehab costs before writing offers,
Her “accidental” BRRRR story
How she’s pursuing financial independence with only 10 homes!
And SO much more!
Links from the Show
BiggerPockets Forums
BiggerPockets Webinar
Biggerpockets’ Instagram
Brandon’s Instagram
BiggerPockets BRRRR Guide
How BRRRR Increases Your ROI (And Why You Should Be Using It)
BiggerPockets Calculators
BiggerPockets Bookstore
Quickbooks Online
Cozy Property Manager
Buildium Property Manager
Appfolio Property Management Software
Books Mentioned in this Show
The Book on Estimating Rehab Costs by J. Scott
The Book on Flipping Houses by J. Scott
Long-Distance Real Estate Investing by David Greene
Building Wealth One House at a Time by John Schaub
The Book on Managing Rental Properties by Heather Turner and Brandon Turner
Rich Dad’s Cashflow Quadrant by Robert Kiyosaki
Tweetable Topics:
“The worst that they can say is no.” (Tweet This!)
“We all know what it’s like to have a job. We don’t all know what it’s like to run a business.” (Tweet This!)
Connect with Jennifer
Jennifer’s BiggerPockets Profile
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