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Sep 2023
57m 10s

325: How to Retire with “Turnkey” Rental...

BIGGERPOCKETS
About this episode

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

Find an Agent

Find a Lender

Ashley's BiggerPockets Profile

Ashley's Instagram

Tony's BiggerPockets Profile

Tony's Instagram

Real Estate Rookie Facebook Group

Join BiggerPockets for FREE

Submit Your Real Estate Rookie Question!

Network with Other Investors On the BiggerPockets Forums

Dave Meyer Blog Posts

“On the Market” Podcast

Apartments.com

Monday.com

Rentometer

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:

Sam's BiggerPockets Profile

Sam's Instagram


Check the full show notes here: https://www.biggerpockets.com/blog/rookie-325

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