Snowballing to 10 Rentals After Selling His Car, Starting with $20K w/Gary Striewski | Bigger Pockets Video

Episode #1087

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Would you sell your car, live without plumbing and electricity, and shower at the gym daily to build a rental portfolio? Now, would you do it while having one of the most prestigious jobs on the planet? If you said yes to both, you might as well be Gary Striewski, rental property investor, DIY home renovator, and, yes, host of SportsCenter.

Wait… the host of SportsCenter used a bucket as a bathroom while renovating? Yep, but he’s got a good reason for going through the struggle.

Working at SportsCenter has always been Gary’s dream job, but when 2020 hit, he knew he needed an alternative income stream. Real estate seemed like the obvious answer, but without much savings and only a car to his name he didn’t have many options to invest. So what did he do? Sold his car, downgraded significantly, and picked up a condo for $20,000 down.

Fast forward a few years—Gary has turned that first condo into a full real estate portfolio, including a private ski house that’s soon to be a short-term rental. He’s had evictions, DIY renovations where he lived without plumbing for months, and closings that didn’t go as planned, but with persistence and grit, he’s become an expert investor. Follow Gary’s tenacity, and you can, too!

00:00 Intro
02:19 1 Condo to 9 Rentals!
04:06 Base Hit First Deal
08:56 A Big Tenant Mistake
12:48 $60K Profit in 1 Year!
19:17 Living Without a Toilet for a Deal?
25:24 First Short-Term Rental
30:04 ANYONE Can Do This!
32:33 They Invest in Real Estate, Too!?