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!
Dave:
Hey everyone, and welcome to the BiggerPockets Real Estate Podcast. I’m Dave Meyer. Joined today by Mr. Henry Washington. Thanks for being here, man.
Henry:
Hey, thanks for having me, man. This is always a pleasure.
Dave:
Yeah, and today we’re talking about something I know you and I both have a passion for, which is picking the right market. This is obviously something that’s on top of most people’s mind, and I personally spend a lot of my life looking into different real estate markets, both professionally for my job at BiggerPockets, but also for…