797: 7 Rentals in 3 Years by Breaking All the Real Estate Rules w/Jenni Vega
Podcast: BiggerPockets Real Estate PodcastPublished On: Thu Jul 27 2023
Description: Most people take YEARS to buy their first rental property, but most people aren’t Jenni Vega. Instead of waiting, Jenni bought seven rentals in just three years, with almost unbelievable cash flow on each using what she calls the “golden triangle” method of investing. With this simple framework, Jenni was able to buy undervalued properties in cities that most investors don’t even have on their radar. The properties are cheaper, the profits are bigger, and if you copy Jenni’s method, you, too, can build a six-figure side income stream in just a few years. Surprisingly, Jenni still keeps her day job as a Cutco closing gift saleswoman. In fact, it’s what got her into real estate. After working with dozens of realtors a week, Jenni learned about buy and hold rental property investing. It didn’t take long before she bought her first property in an area most investors would avoid. But, thanks to careful planning and intentional investing, Jenni turned this cheap property into a $50K/year revenue stream. And that was just the start. Now, breaking all the “real estate rules,” Jenni is out to prove that almost any property can become a profitable vacation rental. Whether she’s adding game rooms, "redneck mini golf" courses, or cowboy pools, Jenni has turned lackluster properties into top-performing short-term rentals. If you follow her advice, you can do it too! In This Episode We Cover: The “golden triangle” method that ensures your rental will always be full Breaking the “real estate rules” and why boring locations bring in BIG cash flow Quitting your nine-to-five and why keeping your active income stream may be a better idea Unique amenities that will make your vacation rental stand out in a saturated market The short-term rental listing tip that could give you a boost in bookings How to invest in short-term rentals in 2023 (and what to avoid before you start) 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 Listen to All Your Favorite BiggerPockets Podcasts in One Place 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 Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Tony's BiggerPockets Profile Tony's Instagram Tony's YouTube Hear Tony on the “Real Estate Rookie” Podcast Subscribe to the “Real Estate Rookie” YouTube Channel Learn About Tony’s Recent Deal Gone Wrong Books Mentioned in the Show HOLD: How to Find, Buy, and Rent Houses for Wealth by Steve Chader and Jennice Doty Connect with Jenni: Jenni's BiggerPockets Profile Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-797 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
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