SimpleWholesaling: Episode 123 - Starting Out: 6 Rentals in 6 Months

Bo Kim is a buy and hold real estate investor from Southern California and has picked up 6 rental properties just 6 months since closing on his first property. He invests in working class neighbourhoods across the markets of Indianapolis, Kansas City, and Little Rock. During the day, Bo works as a senior consultant for a regional CPA and hopes to create passive income to become financially free and also educate others to do the same.

In this show, you’ll learn:

Bo’s background
How he got started in real state
How long he has been working in accounting
His advice for people who are just starting out
His take on choosing real estate markets
Real estate investment versus other types of investment vehicles
His future plans
The process he follows after choosing his markets
On building his portfolio
Grade he would give himself in terms of holding 6 properties
His words of wisdom for those who are new in the buy and hold space
How he finds funding for his projects
Applying the BRRRR strategy

Quotes

“Most people overestimate what they can do in one year and underestimate what they can do in ten years.” -Bill Gates
“Motivation gets you started but habits keep you going.”
“It is not what you don’t know that gets you in trouble but what you think you know that just ain’t so.”