22: 5 Rentals on Autopilot with Full-Time Highway Patrolman Ruben Galindo

Jul 29, 2020

Ruben Galindo, a full-time highway patrolman, shares his strategies for managing a rental portfolio in limited free time. He discusses using Cozy and Docusign for virtual property management, how door knocking led to a great deal, and leveraging his 401(k). Ruben also shares his experience with buying foreclosures, helping sellers avoid foreclosure, and building a network of contractors. Discover valuable tips from a relative rookie with five rentals on autopilot.

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Introduction

00:00 • 2min

Investing in Real Estate as a Full-Time Police Officer

01:31 • 5min

Transitioning from Law Enforcement to Real Estate

06:37 • 3min

Managing Five Rental Properties While Working Full-Time

09:24 • 3min

Building a Strong Team and Acquiring Properties

12:33 • 25min

Using personal residence equity to finance rental property

37:35 • 2min

The Importance of Helping Others in Real Estate Investing

39:50 • 13min

Casual Conversation and Gratitude with a Full-Time Highway Patrolman

53:02 • 3min

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
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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