Episode #325

You can retire faster than you think with rental properties. That’s right, toss out the “wait until I’m sixty-five and HOPE I have enough” mentality. That might be okay for most Americans, but it’s NOT okay for YOU. You want passive income flowing in so you can spend time with your family and friends and live a life you love. If you’re going to get there, you better take advice from Sam Dolciné.

A few years ago, Sam calculated his retirement savings and realized he wasn’t even CLOSE to what he would need in retirement. Even after the monthly contributions and employer match, Sam would run out of retirement savings in only ten years of retirement. So, he started looking up ways to boost his retirement income. Real estate investing popped up, and Sam began devouring all the investing content he could.

Now, he’s managing a portfolio of out-of-state rental properties that bring in some serious cash flow. The best part about Sam’s portfolio? It’s “turnkey,” meaning Sam was able to buy the properties and immediately rent them out, giving him cash flow within WEEKS of closing on his first couple of deals. Now, Sam is on the hunt for even more passive income. Repeat his steps, and you could be counting cash flow, too!

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Join the Real Estate Rookie Facebook Group:
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Network with Other Investors On the BiggerPockets Forums:
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Learn More About Real Estate Markets and Analysis:
Dave Meyer Blog Posts: https://www.biggerpockets.com/blog/contributors/davemeyer-2?utm_source=youtube&utm_medium=description&utm_campaign=none
“On the Market” Podcast: https://www.biggerpockets.com/podcasts/on-the-market?utm_source=owned_media
“Real Estate by the Numbers”: https://store.biggerpockets.com/products/real-estate-by-the-numbers?utm_source=youtube&utm_medium=description&utm_campaign=none
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Tools Mentioned in Today’s Show:
Apartments.com: https://www.apartments.com/rental-manager?utm_source=biggerpockets&utm_medium=podcast&campaign=2020_biggerpockets_podcast
Monday.com: https://monday.com/
Rentometer: https://www.rentometer.com/
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Traveling the World Thanks to One $6,500/Month Rental Property w/Olivia Tati:
https://www.biggerpockets.com/blog/rookie-297?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Sam:
BiggerPockets: https://www.biggerpockets.com/users/samueld44?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @blackrealestatedialogue or https://www.instagram.com/blackrealestatedialogue/
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or https://www.instagram.com/wealthfromrentals/
Tony: @tonyjrobinson or https://www.instagram.com/tonyjrobinson/

Show notes at: https://www.biggerpockets.com/blog/rookie-325?utm_source=youtube&utm_medium=description&utm_campaign=none


00:00 Intro

04:16 Not Having Enough to Retire

09:46 Finding Your Real Estate Market

14:30 Buying "Turnkey" Rentals

22:00 Self-Managing From Across the Country

33:40 Almost Getting "Scammed"

37:23 2nd Deal and BIG Inspection Issues

45:32 Rookie Request Line

49:51 Rookie Exam

52:26 Rookie Rockstar

53:09 Connect with Sam!