BiggerPockets Real Estate Podcast

Why Your Small Town Is (Probably) the Best Place to Buy Rentals

5 snips
Sep 16, 2024
Guest
Josh Bauerle
Josh Bauerle, a real estate investor who built a portfolio of over twenty rental properties in a small Ohio town, shares his unique approach to investing. He emphasizes that small towns can be golden opportunities for real estate, revealing how he successfully used seller financing and Section 8 rentals to grow his income. Josh discusses the importance of community connections and effective property management while debunking myths around Section 8 housing. His journey from setbacks to a thriving investment career offers inspiring insights for both new and seasoned investors.
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ANECDOTE

Return to Real Estate

  • Josh re-entered real estate in 2017 by buying a $30,000 rental property from his father.
  • It cash flowed well initially, but a recurring sewer line issue highlighted the risks of owning just one property.
INSIGHT

Get Big or Get Out

  • Experiencing a costly sewer issue on a single property pushed Josh to scale his portfolio.
  • He realized that multiple properties provide a safety net against unexpected expenses affecting cash flow.
ANECDOTE

Seller-Financed Portfolio

  • While looking at a duplex, Josh was offered 12 more properties by the seller, a family friend.
  • This led to acquiring a 13-unit portfolio through seller financing with only an 8% down payment.
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