Episode #815
Soli Cayetano makes over $10K per month in passive income at age twenty-five by buying the rental properties that most investors actively avoid. These properties are often in overlooked markets that aren’t as attractive as San Diego, Miami, Austin, or Seattle, but they make her as much, if not more, money. The houses Soli buys are often $100K or less, meaning almost any investor reading this could come close to buying one.
In three years, Soli turned $50K into a $5M real estate portfolio, enough passive income to support her for life, and an online following constantly finding and funding deals for her. She started building her real estate portfolio right after college when lockdowns took away her chance to make any active income. After reading David Greene’s "Long-Distance Real Estate Investing" and listening to the "Real Estate Rookie" podcast, Soli scraped together every dollar she had and bought a Midwest rental that needed serious rehab.
Now, a few years later, she and her partners own dozens of rentals across multiple markets. As a result, Soli was able to quit her job, focus entirely on real estate, and achieve ultimate time freedom. But will her cash-flow-first model work out in the long run? David goes head to head with Soli in this episode to debate whether or not these “cheap” markets are a mistake to invest in.
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Check Out Soli On the “On The Market” Podcast:
https://www.biggerpockets.com/blog/on-the-market-43?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Soli:
BiggerPockets: https://www.biggerpockets.com/users/solic2?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @lattes.and.leases or https://www.instagram.com/lattes.and.leases/
Website: https://www.lattesandleases.com/
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Connect with David and Rob on BiggerPockets:
David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Rob (Robuilt):
Instagram: https://www.instagram.com/robuilt/
TikTok: https://www.tiktok.com/@robuilto
Twitter: https://www.twitter.com/robuiltchannel
YouTube: https://www.youtube.com/c/Robuilt
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Show notes at: https://www.biggerpockets.com/blog/real-estate-815?utm_source=youtube&utm_medium=description&utm_campaign=none
Recorded at Spotify Studios LA.
00:00 Intro
01:10 Quick Tip
02:41 Buying $100K Houses
10:41 Pandemic Passive Income
19:02 Building The Out-of-State Team
23:01 Blowing Up Online
27:34 Partnerships and Private Money
35:03 Battle of the BRRRRs
44:30 Soli's Portfolio
45:56 Connect with Soli!
Did you miss our previous article...
https://realestatevideos.club/Rental-Properties/sellers-gone-wild-never-buy-a-rental-property-like-this