Buying 10 Rental Properties In 10 Years!

Learn how to buy a rental property every year! My goal is buy a rental property every year for at least 10 years. This will allow me to be Financial Independent and Retire Early (F.I.R.E.).

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Getting started in Real Estate Investing can seem daunting. But it really isn't as hard as you may think. In this video I break down house I have bought rental properties and plan on buying more in the future.

1st I bought a house with a Studio Apartment that I converted to an AirBNB. It is a great source of income and allowed me to save money to buy more rental assets.

2nd I bought a Travel Trailer that I rented out. I rented this out on Outdoorsy and it made a few thousand dollars extra every year. The trick is to never spend your profits from these rental assets. Save the profits so you can buy more real estate.

3rd I bought a long term rental house. This house already had a tenant so it was really easy and a great purchase. I once again saved all my profits from this rental property.

4th I bought another house. Moved to it and converted my old house to another AirBNB. That makes 3 houses in 3 years! All of this wouldn't be possible without saving the profits. Real Estate investing is all about saving your profits and building up enough cash for your next down payment.

Regardless of what type of asset I am buying I always analyze it from a cash flow stand point. Real Estate is all about cash flow. If the real estate is bringing in more cash then it's taking, then its a smart move. This includes emergencies and incidentals.

If you are just getting started in real estate or want to get started, find a house you can house hack in. Find a property with a built in rental opportunity. Then save you profits!

[lawrencedeligero]

Watching from the Philippines. Very insightful. Thank you for this video 😁

[dianatserban]

Hi! The market is very inflated at the moment and I only can make 300$ a year of profit with my rental property bought last month. It's very difficult to buy another place with that profit. Any suggestions? Refinancing is also an idea in the future

[tramainerobinson]

This is hilarious! Cause I’m a accountant who’ll be studying for my cpa after tax season and my goals are similar! Lol accountants really do think alike

[cam-vvlc]

Good video 25 on my second house lots of equity in looking for opportunities

[xyZabC-tgpw]

$1k profit per month? how did you do that? I’m looking at deals but can’t find any that would cashflow more than about $300-400. did you buy fixer uppers that allowed you to rent it out for more?

[marthamurray]

I hear you on always saving the profit for the next property. But at which point do you start enjoying the profits of your rentals and feel like its income you can spend on yourself/family/vacation and extras? Otherwise, what's the point?

[jorgelv]

How are you able to qualify for all those mortgages?

[bellaendale]

How do you define "profit" when you say 'save the profit' ..im asking as a rookie. Great video and thanks.

[aibochan]

Should I wait to buy or just get anything I can find? Market is crazy now.

[dixdon]

Great Info! But one part is not clear - lets say I buy a property on loan of about 90% and I repay around 1000€ as an example but my rental is only 500€, in this case how will end up buying something for your future - you will always pay the extra money €500 from your own equity to the bank.

Could you clarify this - I am based out of Germany.

[aibochan]

What kind of trailer? Do you Airbnb it? Where do you park it?

[holeINrockjunkie]

Are you hesitant to buy a home that has inflated value in today's market?
I bought my first house March of 2020 for 247k. Nothing special, 1500 sq ft, 3 bedroom 2 bath and 2 car garage. The definition of a "starter home"
Zillow estimates my home at 360k!!!
In a market so hot in boise idaho how are you find a rental opportunity to when fixer uppers are going for 250k! And you'd need to put atleast 10k into to get it ready and would rent it out for around 1700$ a month which would barely pay the mortgage, no cash flow.

For where I live, now is not the time to buy a property, when I've seen houses sell for over 350k when they were listed for under 200k just two or three years age.