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

03/04/2024 34 min Temporada 1 Episodio 17
23 Year Old College Drop Out Making $7,000 cash flow a month - Bailey Kramer

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Episode Synopsis

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.TakeawaysNetworking 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 Background06:49Different Types of Rentals15:30Setting Goals and Cash Flow22:14Having a Long-Term Mindset26:26The Power of Real Estate and Multiple Paths to Success29:21Mindset Shifts and Lessons Learned31:13Dream Dinner Guests33:10Actionable Steps and ConclusionConnect with Bailey Kramer:Website: https://www.baileykramer.com/LinkedIn: https://www.linkedin.com/in/bailey--kramerFacebook: https://www.facebook.com/bailey.kramer.986Instagram: https://www.instagram.com/the_bailey_kramer/Connect with Emeka Ogbonna:Website: Gobonnaequity.comInstagram: https://www.instagram.com/stayreadyrealestate/Podcast: https://rss.com/podcasts/stayreadyrealestate/LinkedIn: https://www.linkedin.com/in/emeka-ogbonna-481379164/YouTube: https://youtube.com/playlist?list=PLIeAZ-rMMFqhE44gu23a0Tqo7a5xqemQD&si=81iIqKvKfCl05ktMSpotify: https://open.spotify.com/show/7C5pv7sUSF0qEcotOmdElmMusic: Tyas Martin