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
848: From Bussing Tables as a New Immigrant to Making $5K/Month from Rentals w/Keleisha Carter
847: How to Fund Real Estate Deals Right Now w/Zach Lemaster
Pillars of Wealth by David Greene (Chapter 1)
846: What You Need to Do NOW to Pay Fewer Taxes in 2024
845: The Slow, Steady Way to Make $50K Per MONTH with Rental Properties w/KC Massie
844: The 3 "Lies" You Can't Afford to Tell Yourself in This Housing Market w/Jim Kwik
843: Seeing Greene: I Don’t Make Enough to Invest, What Do I Do?
842: Why Barbara Corcoran’s Son, Tom Higgins, Went Against Her Investing Advice
841: BiggerNews: Soft Landing or Hard Recession? How to Build Wealth in Both
840.5: The 8 Best Housing Markets in The US For Low Prices and High Cash Flow
840: Seeing Greene: Rehab Costs, Renting vs. Owning, and The END of Real Estate?
839: From $10/Hour Janitor to Making $40K/Year in PASSIVE Income w/Darius Kellar
838: How to Not (Accidentally) Lose Your Portfolio to Lawsuits w/Brian T. Bradley, Esq.
837: Seeing Greene (w/Meet Kevin!): Cash Flow Won’t Ever Make You Rich
836: Financial Freedom in 5 Years and Making $300K on ONE Property w/Dr. Lindsey Duguet
835: BiggerNews: How Hosts Are Making More Money Even As Airbnb Demand Drops w/Jamie Lane
834: Seeing Greene: Inherited Houses, HELOC Risks, and Our Favorite 2-Star Review
833: From Surviving on $30/Day to 30+ Properties Thanks to Blue-Collar Skills w/Luke Carl
832: Deal Deep Dive: 2 Real Deals in 2023 That’ll Build Your Retirement Nest Egg
Are You Overpaying? How to Evaluate and Offer on Rental Properties
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
On The Market
The Ramsey Show
TED Talks Daily
Radiolab
StarTalk Radio