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Updated almost 6 years ago on .

User Stats

276
Posts
1,202
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Grant Shipman
  • Rental Property Investor
  • Estes Park, CO
1,202
Votes |
276
Posts

Easiest Way To Get A Rental Property

Grant Shipman
  • Rental Property Investor
  • Estes Park, CO
Posted

What have you found in getting started? 

What we found changed everything.

I was looking at getting started in real estate and I was learning everything- you name it and I probably did it or at least checked into it. They all told me to find a rental house that would make $200 cash-flow a month, or to find a multi-family that would make $100/door to spread out risks. Have you had this experience? I was all pumped and thinking about how this passive rental income could support my dreams and goals and prove to myself and others I wasn’t more than mediocre.

Then I did my math- to support my goal of $5,000/month cash-flow, all I would need is…..25 rental houses or 50 multi-family doors. ****. Actually wait, I had no money, so I was going to do this with 50/50 partners, so this would require 50 houses or 100 multi-family doors. Super ****! Can you relate?

How many years would that take me?

But you’re the hero of your story, so how many years would this take you?

Plus I needed no problems with any of the properties. If a property required a $2,400.00 repair, then POOF! I just lost 12 months of cash flow from that property. From experience, I knew that kind of repair was expected with so many rental properties.

I felt my initial hopes of reaching my rental income dreams slipping away. I didn’t want to seem like a failure to others or to myself.

….then it happened.

That's when I listed some dummy rental ads online to do research on what renters were most demanding. That's what led to where I'm at now- each house gets $1,000/month cash-flow, 50% cash ROI, and the spread out risks of multi-families. Plus- I didn't spend a dime out of my own pocket because investors all wanted in on the action I had! This is all due to the secrets of beyond-househacking + household-planting.

What would it mean for you, if you could make investors throw money at you?

  • Grant Shipman