$900/Month Cash Flow from His FIRST Rental (No Money Down!) | Bigger Pockets Video
Episode #584
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Could rental properties be your ticket to financial freedom? When today’s guest realized his “secure” corporate job wasn’t quite as secure as he thought, he plunged head-first into real estate investing and hasn’t looked back. In just three years, he’s built a real estate portfolio of several no-money-down rentals. Want to repeat his success? Then stay tuned!
Welcome back to the “Real Estate Rookie” podcast! When Joe Pozzuoli’s high-performing coworkers started being laid off one by one, he knew it was time to take control of his financial future. After trialing a few different side hustles (and even a full-fledged e-commerce business), he eventually landed on real estate. His first deal was a home run—a triplex that cost him zero dollars out of pocket and cash flows over $900 a month to this day!
Joe will show you how to find similar deals, perform multi-unit rehabs, and score discounted properties on real estate auctions. But that’s not all. Joe also shares how his investing goals have shifted over time. Once hell-bent on amassing 50 units, Joe’s now focusing on a smaller number of paid-off investments. What should YOU do—build a highly-leveraged real estate empire or a low-risk portfolio? Stick around till the end for the answer!
00:00 Intro
00:39 Joe’s “Wake-up Call”
03:12 Discovering Real Estate
06:48 Buying His First Property
10:38 Sponsor: REsimpli!
11:38 Zero-Down Deals?!
15:31 Biggest Lessons Learned
19:19 Finding Off-Market Deals
25:17 The Power of Paid-Off Property
33:55 Connect with Joe!
