7 Rentals in 2 Years by Buying in a Market Everyone Ignores

Episode #1279 Baselane: Automate your real estate finances with banking and AI-powered bookkeeping. Claim your $100 bonus! https://www.baselane.com/lp/bigger-pockets/?utm_source=bigger_pockets&utm_campaign=bigger_pockets&utm_medium=YT-M *Nick Burke* knew he wanted to invest, but in his *high-priced New Jersey market,* buying a cash-flowing rental property was close to impossible. He *needed to find an affordable market,* somewhere with *population growth, equity upside,* and *houses below the $100K* price point. He did it, but in a *city, 99% of investors have completely written off* arguably too soon. Now, Nick owns a *rental property portfolio of seven houses,* using *the “BRRRR” method* (buy, rehab, rent, refinance, repeat), to build an entire rental portfolio with very little money out of pocket. He’s done what most investors never thought of— *buying his first true rental with a credit card,* managing renovations from hundreds of miles away, and going 50/50 with a partner when he didn’t have the cash. If any of that sounds too risky for you, *Nick proves* that if you’ve got your head on straight, *you can make it work* with all of these options. Just two years later, Nick’s portfolio has *made him hundreds of thousands of dollars richer in equity,* and he’s even gotten paid to buy rentals! All it took was taking the leap and realizing he, too, could build wealth in real estate. *This is his exact strategy for scaling so quickly,* without a ton of cash to start. Episode Show Notes: https://lnk.to/biggerpocketsYT Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media 🎉Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets: https://biggerpockets.com/bpcon2026 Let Us Know What You Thought of the Show! https://www.BiggerPockets.com/Podcastfeedback Grab the Book, _Rich Dad Poor Dad_ : https://store.biggerpockets.com/products/rich-dad-poor-dad?utm_source=youtube&utm_medium=description&utm_campaign=none Sign Up for the BiggerPockets Real Estate Newsletter: https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch Long Distance Real Estate Investing For Beginners: https://www.biggerpockets.com/blog/should-you-invest-locally-or-long-distance?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Nick: https://www.biggerpockets.com/users/nickolasb11?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Henry: https://www.biggerpockets.com/users/henryw22?utm_source=youtube&utm_medium=description&utm_campaign=none 00:00 Intro 01:29 Testing His First Rental 03:47 Investing 500+ Miles Away 08:36 Buying a BRRRR with Credit Cards?! 12:55 Sponsor: Baselane! 13:43 Getting Paid to Buy Rentals! 19:00 $61K in Sweat Equity! 21:35 Managing Rentals from Out of State 27:16 Current Portfolio (Keep His Job?)