A scaling real estate portfolio tends to not happen overnight, but zero to ten units in under two years is pretty quick! Back at the beginning of 2020, Cale Delaney had a mental shift where he realized that real estate could be the key to setting him financially free. He scoured homes all over his area of Florida until he came across a fourplex which rejected one offer from him but later accepted another. He made three of these units long-term rentals, and the other one a short-term rental.
Then, Cale decided to pack his whole family into the minivan and make the 10+ hour drive to check out the area. Shortly after, Cale was under contract for not one, not two, but three cabins!
Cale went from zero to ten units in only a year and a half or so, without a ton of management experience of extravagant funding. If he can do it, you can too!
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Join the Real Estate Rookie Facebook Group:
/ realestaterookie
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Follow Cale on Instagram, or Contact Him on Facebook or BiggerPockets:
Instagram: @mtn_to_sea_cabins_and_cottages or / mtn_to_sea_cabins_and_...
Facebook: / cale.delaney
BiggerPockets: www.biggerpockets.com/users/c...
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Software Mentioned in Today’s Episode:
Smartbnb/Hospitable: hospitable.com/
PriceLabs: hello.pricelabs.co/
Stessa: www.stessa.com/
RUBS: thinkutilityservices.com/rubs...
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Grab a Copy of “Short-Term Rental, Long-Term Wealth”:
store.biggerpockets.com/produ...
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Follow Ashley and Tony on Instagram:
@wealthfromrentals or / wealthfromrentals
@tonyjrobinson or / tonyjrobinson
Episode 121
Show notes at: www.biggerpockets.com/rookie121
0:00 Intro
6:18 Making the Mental Switch to Build Wealth
9:57 Cale's Current Portfolio
11:18 The First Deal
15:16 Switching it Up with Short-Term Rentals
22:15 Getting Your Partner Ready to Invest
24:22 Getting 3 Cabins Under Contract!
30:05 Financing These Deals
33:33 Using a HELOC to Fund Rentals
38:11 How Do You Manage 10 Units?
41:12 Scheduling Time Now for Freedom Later
44:42 Deal Deep Dive
57:11 Rookie Request Line
1:00:29 Rookie Rockstar
1:02:58 Never Too Old to House Hack!
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