928: 124 Units in 4 Years by Only Investing in Small Towns and Tiny Markets w/Dylan Osmon
Podcast: BiggerPockets Real Estate PodcastPublished On: Wed Apr 03 2024
Description: In just four years, Dylan Osmon went from having no job, barely any money, and no real estate investing experience to owning over one hundred rental units. How’d he do it so quickly? Before we answer that, we’re going to make this a little more impressive. Dylan isn’t buying in the big cities with tons of inventory going on the market every week—he’s been buying in tiny towns that you and almost everyone else listening to this have never heard of. And he may have struck gold by doing so. Dylan acquired his first investment property right before the lockdowns. Then, after closing, he quickly realized that this was the worst rental property he could have bought. It had everything—low rents, tenants who never paid, and, to top it off, a cesspool of human waste in the crawlspace—everything you need for a deal gone wrong. He quickly got control of this nightmare rental, flipping it and walking away unscathed. But now, he had to start back from square one, this time with new knowledge. Over the next few years, Dylan made it his mission to build multiple income streams, so every dollar he made went into new deals. He eventually met partners that would help him scale even quicker and learned the secret to finding the best off-market properties—don’t worry, he shares it in this episode! Now, he’s got over one hundred rentals across three small markets, and if you copy his strategy, you could too! In This Episode We Cover: Why you CANNOT overlook small markets when investing in real estate The #1 best way to find off-market real estate deals in any area How much emergency reserves you should have on hand at ALL times Investing in real estate with no money by finding the deal FIRST Scaling your real estate business faster so you don’t have to do so much of the work The risk of having only a W2 salary and just one income stream And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram BiggerPockets' Instagram Use The BiggerPockets Investment Calculators On Your Next Deal Hear Dave and Henry On the “On the Market” Podcast 8 “Under the Radar” Housing Markets With Low Prices and High Cash Flow Connect with Dylan Dylan's BiggerPockets Profile Dylan's Facebook Dylan's Instagram Dylan's Website Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-928 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
The note was deleted
The note was saved
Your message was sent