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!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Join BiggerPockets for FREE
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
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
Dave's BiggerPockets Profile
Dave's Instagram
Henry's BiggerPockets Profile
Henry's Instagram
BiggerPockets' Instagram
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
Dylan's Facebook
Dylan's Instagram
Dylan's Website
Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-928
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
890: 100% Bonus Depreciation Coming Back? (Do NOT File…Yet) w/Brandon Hall
889: How to Build Generational Wealth Without Losing it Along the Way w/Whitney Elkins-Hutten
888: 25 Properties at 27 Years Old by Building His Own Rentals w/Donovan Adesoro
887: Seeing Greene: Your Last Chance Before the House-Buying “Tsunami” Hits?
886: How to Choose a Real Estate Investing Market (Step-by-Step)
885: BiggerNews: America's Path to "Renter Nation" as Prices Rise, Rates Stay Put w/J Scott
884: How to Use "Hard Money" to Flip Houses, BRRRR, or Buy More Deals w/Will Heaton
883: From Homeless at 17 to Solving the Affordable Housing Crisis for a Profit w/Terrica Lynn Smith
882: Seeing Greene: How Do I Start Investing When There’s NO Cash Flow?
881: How to Use Home Equity, 401(k)s, or IRAs to Invest in Real Estate w/Kyle Mast
880: How to Get a Home Loan as a House Hacker, Investor, or First-Time Homebuyer w/David Mackin
879: How to Buy a House in 2024
878: The Low-Risk “Micro-Flips” ANY Beginner Investor Should Try w/Antoine Martel
877: Seeing Greene: DON’T Pay Off Your HELOC Until You Hear This...
876: Huge Opportunity for New Multifamily Investors As Prices Set to Drop w/Brian Burke and Matt Faircloth
875: BiggerNews: Top “Snowbird” Rental Markets with Year-Round Cash Flow w/Kristen Taylor
874: How to Invest in Real Estate in 2024 (Step-by-Step)
873: Replacing Her HUGE W2 Salary in Just 3 Years w/ "Negative" Equity Rentals w/Kate Lynch
872: How to Turn Your Primary Residence into a Rental Property
871: BiggerNews: Why the Crash Predictors Are Wrong About a Foreclosure “Crisis” w/Rick Sharga
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
TED Talks Daily
Radiolab
StarTalk Radio
The Inforium
Entrepreneurial Thought Leaders