Think you need a big bank account to invest in real estate? You don’t! There are several ways to either buy a rental property with low money down or turn an existing property into a rental with even less money out of pocket. Just ask today’s guest, whose first property now gives him an extra $1,200 in monthly cash flow!
Welcome back to the Real Estate Rookie podcast! For years, Alex Bozzy had wanted to get into real estate investing. So, when the time came to upgrade from his starter home, he jumped at the opportunity to convert it into a rental. After some light repairs, this first-time landlord was able to find and place a tenant who gives him a $3,000 check each month!
The best part about Alex’s investing strategy? It’s rookie-friendly and highly repeatable! The next time Alex moves, he’ll do it all over again: buy a new primary residence with low money down and turn his current home into another rental property. This is something YOU can do, too. Stay tuned and he’ll show you how to follow his blueprint, step by step!
Ashley:
This is one of the easiest ways to become a real estate investor using an asset you already have.
Tony:
Today’s guest is Alex Boing. He just became a landlord. Everything is fresh in his mind to share all of his experiences with you rookie, so you guys can hopefully get your first or your next deal as well.
Ashley:
This is the Real Estate Rookie podcast. I’m Ashley Kehr.
Tony:
And I’m Tony j Robinson. And with that, let’s give it a big warm welcome to Alex. Alex, thanks so much for joining us in the show today.
Alex:
Hey Ashley and Tony, thanks for having me on. It’s great to be here.
Ashley:
So Alex, let’s start at the beginning. When you bought your first primary home, did you already have plans to turn it into a rental someday or did that kind of happen about later on?
Alex:
Yeah, when we, obviously our first goal was just buying a house, but I think my dad was a landlord, my mom was a landlord. They both owned rental…