What would you do with $8,500 in monthly cash flow? Quit your W2 job? Travel the world? Reinvest it? The possibilities are endless, and by blending investing strategies and getting creative when hunting for deals, today’s guest was able to “snowball” to $8,500/month with 10 rental units in just a few years!
Welcome back to the Real Estate Rookie podcast! In this episode, we’re chatting with Kelsey Porter, a real estate agent who caught the investing bug when a client introduced her to BiggerPockets. While most new investors focus on one strategy, Kelsey has tried a little bit of everything—house hacking, live-in flips, and short, medium, and long-term rentals. She has even rented out her primary residence for months at a time, a move that fully funded her wedding!
With “smedium”-term rentals, unique experiences, and even a Taylor Swift-themed Airbnb—which features a full-blown scavenger hunt—Kelsey has built a highly diversified real estate portfolio. Stay tuned to learn about Kelsey’s strategy for finding off-market deals and the “all-in-one” mortgage she used to tap into her home equity and scale fast!
Ashley:
Today’s guest is a rookie investor who has used many different strategies to build an $8,000 per month cashflowing portfolio from house hacking to live and flips to medium rental strategies. This rookie proves that putting in the extra effort can mean a huge difference in your cashflow.
Tony:
And what makes this story particularly interesting is how she’s turned her properties into unique experience in an unsuspecting market, including a Taylor Swift themed unit, complete with a custom scavenger hunt. Now, Kelsey Porter has built a portfolio using creative financing, hunting for off-market deals, putting in sweat equity, and keeping an entrepreneurial mindset for every single project.
Ashley:
This is the Real Estate Rookie podcast. And I’m Ashley Care.
Tony:
And I’m Tony j Robinson. And let’s give a warm, warm welcome to…