From Zero to $8,000/Month Cash Flow in Just 2 Years (While Working a W2)
Summary
This BiggerPockets article features an investor who achieved $8,000 in monthly cash flow from STRs in just two years while working a full-time job. The story emphasizes how to find off-market deals and build a team to help you succeed, even with little to no prior experience.
Key Insights
- •The investor found his first deal on Facebook Marketplace.
- •The investor generated $8,000 in monthly cash flow from STRs within two years while working a full-time job.
Action Items
- ✓Hosts should build a team of experts like contractors, attorneys, and private money lenders.Effort: mediumImpact: high
- ✓Hosts should consider using online platforms like Facebook Marketplace to find potential deals.Effort: lowImpact: medium
Tools & Resources
- →Facebook Marketplace: The article mentions using Facebook Marketplace to find deals.(facebook.com/marketplace)
- →BiggerPockets Agent Finder & Lender Finder: The article mentions using the BiggerPockets Agent Finder and Lender Finder to build your team.(biggerpockets.com)
Common Mistakes
- ⚠The article highlights the risks of buying a property sight unseen without talking to the seller or thoroughly reviewing the contract.
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Curated by Learn STR by GoStudioM