BiggerPockets Real Estate Podcast
Business:Investing
In just four years, Dylan Osmon went from having no job, barely any money, and no real estate investing experience to owning over one hundred rental units. How’d he do it so quickly? Before we answer that, we’re going to make this a little more impressive. Dylan isn’t buying in the big cities with tons of inventory going on the market every week—he’s been buying in tiny towns that you and almost everyone else listening to this have never heard of. And he may have struck gold by doing so.
Dylan acquired his first investment property right before the lockdowns. Then, after closing, he quickly realized that this was the worst rental property he could have bought. It had everything—low rents, tenants who never paid, and, to top it off, a cesspool of human waste in the crawlspace—everything you need for a deal gone wrong. He quickly got control of this nightmare rental, flipping it and walking away unscathed. But now, he had to start back from square one, this time with new knowledge.
Over the next few years, Dylan made it his mission to build multiple income streams, so every dollar he made went into new deals. He eventually met partners that would help him scale even quicker and learned the secret to finding the best off-market properties—don’t worry, he shares it in this episode! Now, he’s got over one hundred rentals across three small markets, and if you copy his strategy, you could too!
In This Episode We Cover:
Why you CANNOT overlook small markets when investing in real estate
The #1 best way to find off-market real estate deals in any area
How much emergency reserves you should have on hand at ALL times
Investing in real estate with no money by finding the deal FIRST
Scaling your real estate business faster so you don’t have to do so much of the work
The risk of having only a W2 salary and just one income stream
And So Much More!
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Use The BiggerPockets Investment Calculators On Your Next Deal
Hear Dave and Henry On the “On the Market” Podcast
8 “Under the Radar” Housing Markets With Low Prices and High Cash Flow
Connect with Dylan
Dylan's BiggerPockets Profile
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Dylan's Website
Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-928
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794: Buying Houses with $100 Down and Creative Finance Secrets Most Don't Know
793: How to Analyze a Rental Property as a COMPLETE Beginner
792.5: How to Wholesale Real Estate (FREE Audiobook Chapter)
792: Seeing Greene: How to Build a Business That Sets You Free w/Gary Harper
791: 40 Rental Units and the “Desperate” Deals That Are Waiting for You w/Nate Shields and Troy Zimmerman
790: BiggerNews: How to Find 0% Interest and Instant Cash Flow Deals in 2023
789: Seeing Greene: Where to Find Deals in 2023 and How to Spend $100K
788: From $26K/Year Paycheck to $70K/MONTH Rent Checks w/Lamon Woods
787: 5 All-Time Favorite Tips For Financial Independence w/Brandon Turner
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
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