Turning A $25,000 Rental Property Into $5,000/Month Cash Flow! | Bigger Pockets Video
Episode #1183
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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!
12:14 Buying (and Renovating) 5 More Rentals
15:50 Current Portfolio
18:55 Working Less, Making More
20:07 Monthly Cash Flow
