Though only five years into his rental property investing career, David Rosenbeck is making a seven-figure wealth-building move. If it all pans out, he’ll be one million dollars (or more) richer, with a brand new investment property that’ll spit out $7,000 cash flow monthly! This is a DREAM real estate deal that any investor wishes they could get their hands on…but here’s the thing: anyone can do this, and you can 'build' your own deal from scratch!
After making $100,000 in his first 18 months of investing, David knew he had a knack for real estate investing. He was a nurse practitioner and in no way wanted to give up his sizable six-figure salary, but he knew he wanted to scale his real estate portfolio in a big way. The problem? Deals are hard to come by, and David’s main strategy—medium-term rentals (renting to traveling nurses)—was getting saturated. So, he searched for something new and landed on a big opportunity: build his OWN short-term rental in one of the hottest destinations in the US but build it specifically to beat the competition.
He found the money and the dirt to build on and is off to the races—keeping his small portfolio while taking a big risk for a massive reward: a million-dollar equity upside if he pulls it off. Want to hear how you can create your own seven-figure opportunity? David is sharing, step-by-step, exactly how he did it!
In This Episode We Cover:
How David is ‘building’ a seven-figure equity-upside real estate deal
Using other people’s money to invest in real estate (and how to do it the RIGHT way)
How David scaled from zero to eight rentals in just three years
The bright side of short-term rental regulations and the market that David feels very confident in
How to find a builder/developer for your first new construction rental property (and vet them BEFORE you start!)
And So Much More!
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Real Estate Rookie 273 - Making $100K in 18 Months with “Misfit” Medium-Term Rentals w/David Rosenbeck
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Connect with Dave
(00:00) Intro
(01:44) Nurse Practitioner Turned Investor
(06:02) 8 Rentals in 3 years!
(09:34) Ditching Medium-Term Rentals for…
(14:27) Development Details
(16:48) Building the Perfect Property
(24:21) Finding Your Builder
(26:51) How Much He’ll Make
(30:34) Become a BiggerPockets Guest!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1084
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‘Building’ 7-Figure Wealth with ONE Very Lucrative Rental Property | BiggerPockets Real Estate Podcast - Listen or read transcript on Metacast
