BiggerPockets Real Estate Podcast
Business:Investing
Soli Cayetano makes over $10K per month in passive income at age twenty-five by buying the rental properties that most investors actively avoid. These properties are often in overlooked markets that aren’t as attractive as San Diego, Miami, Austin, or Seattle, but they make her as much, if not more, money. The houses Soli buys are often $100K or less, meaning almost any investor reading this could come close to buying one.
In three years, Soli turned $50K into a $5M real estate portfolio, enough passive income to support her for life, and an online following constantly finding and funding deals for her. She started building her real estate portfolio right after college when lockdowns took away her chance to make any active income. After reading David Greene’s Long-Distance Real Estate Investing and listening to the Real Estate Rookie podcast, Soli scraped together every dollar she had and bought a Midwest rental that needed serious rehab.
Now, a few years later, she and her partners own dozens of rentals across multiple markets. As a result, Soli was able to quit her job, focus entirely on real estate, and achieve ultimate time freedom. But will her cash-flow-first model work out in the long run? David goes head to head with Soli in this episode to debate whether or not these “cheap” markets are a mistake to invest in.
In This Episode We Cover:
Out-of-state investing and where to buy rental properties for just $100K
Expensive properties vs. cheap properties and which will really make you richer
Keeping yourself accountable and why you need to tell people your goals to make them happen
Raising private money and how Soli got over 800 private investors through Instagram alone
Real estate partnerships and how to grow your portfolio FAR faster by not going solo
The battle of the BRRRRs and a David vs. Soli debate over which markets make the most money
And So Much More!
Links from the Show
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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
Davids's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's YouTube
Listen to The “Real Estate Rookie” Podcast
Check Out Soli On the “On The Market” Podcast
Books Mentioned in the Show
Long-Distance Real Estate Investing by David Greene
Connect with Soli
Soli's BiggerPockets Profile
Soli's Instagram
Soli's Website
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-815
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786: Brandon Turner on Crash Prophecies, Hawaii House Hacks, and Nickelback Bets
785: Making $1M+ Per YEAR After a Decade of Real Estate Fumbles w/Dean Rogers
783.3: Home Buying Hacks: Down Payments, Financing, and Home Insurance w/Chris Hutchins
784: How I Went from 200+ Tenant Phone Calls to 1 Per Year Using This “System” w/Pasha Maleknia
783.2: Home Buying Hacks: Inspections, Disclosures, and What to Look For w/Chris Hutchins
783.1: Home Buying Hacks: Finding The Perfect House (and Agent!) w/Chris Hutchins
782: Unbelievable Returns from Flipping This New Type of Real Estate w/Jessie Rodriguez
781.5: What to Buy During the Newest Real Estate Crash w/Willy Walker
781: The Beginner’s Guide to Finding Undervalued, Off-Market Deals in ANY Market
780: The Step-by-Step Guide to Building a Medium-Term Rental Empire w/Jesse Vasquez
779: How Delivering Pizzas Helped Me Build a 27-Unit Rental Portfolio w/Pamela Bardhi
778: How to Build a Million Dollar Rental Portfolio with Little Time OR Money w/Niti Jamdar & Palak Shah
777: Seeing Greene: Investing Later in Life? You’re Still in Luck!
776: $42K/Month in Cash Flow By Buying a…High School? w/Jesse Wig
775: BiggerNews: Rent Unaffordability Crosses Dangerous New Threshold w/Lu Chen and Thomas LaSalvia
774: Seeing Greene: Bleeding Rentals, Bad Flips, and The Safe Haven For Your Cash
773: Replacing His Income with $70K/Year Cash Flow After a Close Call with Death w/Pasha Maleknia
772: Stop Looking for Perfect Properties, Search for These Instead
771: Seeing Greene: Getting Into Your First Property is Cheaper Than You Think w/Kristina Smallhorn
770: Retirement Accounts Collecting Dust? Use Them to Buy Real Estate! w/Kaaren Hall
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