How I’m Quietly Turning 4 Rental Properties into a Passive Income Goldmine While Crushing My 9-5 Grind
Ashley:
Today’s show, it’s sponsored by Base Lane. They say real estate investing is passive, but let’s get real chasing rents, drowning in receipts and getting buried in spreadsheets feels anything but passive. If you’re tired of losing valuable hours on financial busy work, I’ve found a solution that will transform your business. It’s Base Lane, A trusted BP Pro partner Base Lane is an all-in-one platform that can help you automate the day-to-day. It automates your rent collection. Uses AI powered bookkeeping to auto tag transactions for instant cashflow visibility and reporting. Plus they have tons of other features like recurring payments, multi-user access and free wires to save you more time and money, spend less managing your money and more time growing your portfolio. Ready to automate the busy work and get back to investing. Base Lane is giving BiggerPockets listeners an exclusive $100 bonus when you sign up at base lane.com/biggerpockets. Welcome back to the Real Estate Rookie podcast. We are here with Mike and now we’re digging into how he invested hundreds of miles away and built a team that rookies can model. Okay, so Mike, you’re in New Jersey and you’ve bought this property in Michigan. Many rookies assume that they need to buy where they live. So you’ve mentioned a little bit about how Detroit was the right market for you. What’s some advice you can give to rookie listeners on how they also can find a good market that’s right for them?
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