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On the BiggerPockets Real Estate Podcast, co-hosts David Greene and Rob Abasolo interview real estate investors and entrepreneurs about successes, failures, and hard-earned lessons. Through in-depth conversations, 1-on-1 listener coaching calls, and news analysis, you’ll get a breakdown of real strategies that work for different niches and experience levels. Tune into the #1 real estate investing podcast every Monday, Wednesday, and Friday.
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325: How to Retire with “Turnkey” Rental Properties (as a COMPLETE Beginner) w/Sam Dolciné
Manage episode 378034231 series 2632451
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You can retire with rental properties faster than you think. That’s right, toss out the “wait until I’m sixty-five and HOPE I have enough” mentality. That might be okay for most Americans, but it’s NOT okay for YOU. You want passive income flowing in so you can spend time with your family and friends and live a life you love. If you’re going to get there, you better take advice from Sam Dolciné.
A few years ago, Sam calculated his retirement savings and realized he wasn’t even CLOSE to what he would need in retirement. Even after the monthly contributions and employer match, Sam would run out of retirement savings in only ten years of retirement. So, he started looking up ways to boost his retirement income. Real estate investing popped up, and Sam began devouring all the investing content he could.
Now, he’s managing a portfolio of out-of-state rental properties that bring in some serious cash flow. The best part about Sam’s portfolio? It’s “turnkey,” meaning Sam was able to buy the properties and immediately rent them out, giving him cash flow within WEEKS of closing on his first couple of deals. Now, Sam is on the hunt for even more passive income. Repeat his steps, and you could be counting cash flow, too!
In This Episode We Cover:
How to retire with rental properties and why “turnkey” rentals might be your best bet
Out-of-state real estate investing and whether cheaper markets are worth buying in
How to find the perfect real estate market for your cash flow goals
Self-management vs. property management and why Sam chose to do it himself
The tenant and property “red flags” you MUST look out for as a rookie
Tools that Sam uses to run his real estate portfolio from multiple states away
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Real Estate Rookie Facebook Group
Submit Your Real Estate Rookie Question!
Network with Other Investors On the BiggerPockets Forums
Traveling the World Thanks to One $6,500/Month Rental Property w/Olivia Tati
Book Mentioned in the Show
Real Estate by the Numbers by J Scott & Dave Meyer
Connect with Sam:
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-325
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