Episode Details

23 Year Old College Drop Out Making $7,000 cash flow a month - Bailey Kramer

Season 1 Episode 17 Published 2 years, 4 months ago

Description

Bailey Kramer, a real estate investor and entrepreneur, shares his journey in real estate and his focus on mid-term rentals. He started learning about real estate in college and bought his first property at a young age. Bailey emphasizes the importance of networking and building relationships in the industry. He discusses the differences between long-term, short-term, and mid-term rentals and the pros and cons of each. Bailey's goal is to continue growing his portfolio and increasing his cash flow. He encourages new investors to have a long-term mindset and not to be deterred by short-term uncertainties.

Takeaways

Networking and building relationships are crucial in the real estate industry.
There are different types of rentals, including long-term, short-term, and mid-term, each with its own pros and cons.
Having a long-term mindset is important in real estate investing.
Cash flow is a key metric to focus on in real estate.
Don't let short-term uncertainties deter you from investing in real estate.

00:00Introduction and Background

06:49Different Types of Rentals

15:30Setting Goals and Cash Flow

22:14Having a Long-Term Mindset

26:26The Power of Real Estate and Multiple Paths to Success

29:21Mindset Shifts and Lessons Learned

31:13Dream Dinner Guests

33:10Actionable Steps and Conclusion

Connect with Bailey Kramer:

Website: https://www.baileykramer.com/

LinkedIn: https://www.linkedin.com/in/bailey--kramer

Facebook: https://www.facebook.com/bailey.kramer.986