How I Built a “Passive” Rental Portfolio 600 Miles Away (Working 9-5) | Bigger Pockets Video

Episode #593

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Think you need to be a hands-on landlord, do your own renovations, or sacrifice time with family to invest in real estate? Think again! Today’s guest is making “passive” income and building long-term wealth with just four rentals—without swinging a hammer or fixing a single toilet. In this episode, he’ll share the secrets to a profitable real estate portfolio that virtually runs on autopilot!

Welcome back to the “Real Estate Rookie” podcast! When Mike Buska realized his home state of New Jersey was outside his budget, he turned his attention to a Midwest market hundreds of miles from home. But rather than trying to self-manage rental properties from afar, he poured his time and resources into smart deal analysis and assembling the right team. By committing most of his spare time working on the business rather than in it, he’s been able to scale quickly to four cash-flowing rentals!

In this episode, Mike will walk you through the exact steps he took to build a full-fledged real estate business in another part of the country—from picking a market and working with local lenders to creating systems and hiring a property manager you can trust to take care of the day-to-day!

00:00 Intro
00:49 Buying His First Property
06:29 Running the Numbers
12:00 Sponsor: Baselane!
12:58 Building Your Team
17:04 How to Fund Your Rentals
20:07 Vetting a Property Manager
24:08 Remote Renovations 101
26:39 Key Systems & Processes
31:20 Scaling & Pivoting Strategies
36:28 Connect with Mike!