Think you can’t create cash flow in this housing market? Think again! Today’s guest will introduce you to a strategy that can take a regular rental property and maximize its profits. It’s allowed him to net $5,000 each month and quit his W2 job in just 18 months!
Welcome back to the Real Estate Rookie podcast! Just two years ago, Andres Martinez was waiting tables and saving every penny possible for a house. But when he was told he still couldn’t qualify for a mortgage, he turned his attention to wholesaling in order to learn more about real estate investing and make some extra money. Little did he know that he would soon stumble upon a strategy that would change his life and give him financial freedom—co-living!
After buying a couple of properties, Andres quit his job to go all-in on this strategy. This move paid off, as he’s been able to scale his real estate portfolio to five properties (soon to be six!) and over $5,000 in monthly cash flow. The best part? He’s been able to buy all of his properties using other people’s money (OPM), seller financing, and subject to deals. Stick around as Andres tells you all about his buy box, how he analyzes rental properties, and why co-living might just be the next big thing in 2025!
Ashley:
Hey, rookies on the show, we always talk about having a bias toward action.
Tony:
Our guest today never gave up on making real estate work for him. He partnered with other real estate investors and used co-living as his real estate investing strategy to be able to quit his W2 this year.
Ashley:
This is the Real Estate Rookie podcast. And I’m Ashley Care.
Tony:
And I’m Tony j Robinson. And welcome to the show. Andres. What’s up brother? How you doing, man? Good. How you doing guys? Thank you so much for hiring me.
Ashley:
Yeah, thank you so much for coming on. Andres, can you share a little bit of your background before we actually get into real estate? What were some of the critical steps you took in your current state…