310: A Straightforward, Repeatable Path to Early Retirement with Jennifer Bayless
12.27.2018 - By BiggerPockets Real Estate Podcast
Looking to find financial independence through real estate but don’t want to be responsible for a portfolio of 100 homes? Well, that’s exactly what today’s guest is doing!
Jenny Bayless is a real estate investor in Colorado who is using long-distance investing principles to systematically build a portfolio of cash flowing properties using the BRRRR method! Jenny is absolutely crushing it by “making” deals in today’s tough market and shares what she looks for that other investors miss.
Learn her system for targeting fixer-upper properties, how she estimates rehab costs, and the method her real estate agent uses to send her videos of potential properties so she doesn’t have to drive hours to see them. Jenny also shares how she uses hard money to buy “cash,” how she found a rockstar agent, and how she backed into an “accidental BRRRR” that led to future success!
Today’s episode is equal parts inspirational and practical with TONS of actionable advice. If you want to retire early with real estate but don’t want the headache of managing 100 homes, don’t miss this show!
In This Episode We Cover:Long-distance principles Jenny uses to invest near her marketHow Jenny uses the BRRRR strategy to systematically grow her portfolioWays to chase financial freedom without a monstrous portfolioHow she has an agent do her due diligence for herThe strategy she uses to “make” deals in a today’s tough marketHer opinion on how to use turnkey properties to get started investingWays to start with fixer-upper properties to get great deals in a hot marketHow she uses hard money to buy “cash” dealsHow she estimates rehab costs before writing offers,Her “accidental” BRRRR storyHow she’s pursuing financial independence with only 10 homes!And SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerpockets’ InstagramBrandon’s InstagramBiggerPockets BRRRR GuideHow BRRRR Increases Your ROI (And Why You Should Be Using It)BiggerPockets CalculatorsBiggerPockets BookstoreQuickbooks OnlineCozy Property ManagerBuildium Property ManagerAppfolio Property Management SoftwareBooks Mentioned in this ShowThe Book on Estimating Rehab Costs by J. ScottThe Book on Flipping Houses by J. ScottLong-Distance Real Estate Investing by David GreeneBuilding Wealth One House at a Time by John SchaubThe Book on Managing Rental Properties by Heather Turner and Brandon TurnerRich Dad’s Cashflow Quadrant by Robert KiyosakiTweetable Topics:“The worst that they can say is no.” (Tweet This!)“We all know what it’s like to have a job. We don’t all know what it’s like to run a business.” (Tweet This!)Connect with JenniferJennifer’s BiggerPockets Profile