Curious how to manage a rental portfolio in your limited free time?
Learn from today's guest Ruben Galindo, who had his hands full managing hundreds of law enforcement officers in Texas... but didn't let that stop him.
Ruben is 48 years old, and in the past five years, he's acquired five rental properties that require about an hour of his time each week. In this episode, he'll teach you how he uses Cozy and Docusign to do everything virtually, how door knocking led to one of his best deals, and how he leverages his 401(k) in his real estate business.
Ruben didn't jump in until his 40s, but he already has experience with buying a foreclosure, helping a seller avoid foreclosure, a short sale, and a straightforward live-in flip (where he currently lives). Not bad for a relative rookie!
If you pick up any tips from Ruben or have questions for him, leave a comment in the show notes at biggerpockets.com/rookie22. And if you're feeling extra generous, leave us a rating and review in Apple Podcasts.
In This Episode We Cover:
- How Ruben automates his rental property management
- Building and maintaining a network of contractors
- The accounts where Ruben, Ashley, and Felipe hold their reserve funds (Rookie Request Line question! 1-888-5-ROOKIE)
- Buying a HUD foreclosure
- Helping a family avoid foreclosure by temporarily taking over payments
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Hiring an attorney on a tricky pre-foreclosure deal
- How door-knocking helped him beat his competition
- How to avoid over-leveraging yourself as a rookie
- And SO much more!
Links from the Show
Check the full show notes here: http://biggerpockets.com/rookie22
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