Episode #815 Soli Cayetano makes over $10K per month in passive income at age twenty-five by buying the rental properties that most investors actively avoid. These properties are often in overlooked markets that aren’t as attractive as San Diego, Miami, Austin, or Seattle, but they make her as much, if not more, money. The houses Soli buys are often $100K or less, meaning almost any investor reading this could come close to buying one. In three years, Soli turned $50K into a $5M real estate portfolio, enough passive income to support her for life, and an online following constantly finding and funding deals for her. She started building her real estate portfolio right after college when lockdowns took away her chance to make any active income. After reading David Greene’s "Long-Distance Real Estate Investing" and listening to the "Real Estate Rookie" podcast, Soli scraped together every dollar she had and bought a Midwest rental that needed serious rehab. Now, a few years later, she and her partners own dozens of rentals across multiple markets. As a result, Soli was able to quit her job, focus entirely on real estate, and achieve ultimate time freedom. But will her cash-flow-first model work out in the long run? David goes head to head with Soli in this episode to debate whether or not these “cheap” markets are a mistake to invest in. ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media ~~~~ Expand Your Investing Knowledge With the BiggerPockets Books: https://store.biggerpockets.com/?utm_source=owned_media ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Find Investor-Friendly Lenders: http://biggerpockets.com/lendermatch ~~~~ Grab David’s Book, “Long-Distance Real Estate Investing”: https://store.biggerpockets.com/products/long-distance-real-estate-investing?utm_source=owned_media ~~~~ Listen to The “Real Estate Rookie” Podcast: https://www.biggerpockets.com/podcasts/real-estate-rookie?utm_source=owned_media ~~~~ Check Out Soli On the “On The Market” Podcast: https://www.biggerpockets.com/blog/on-the-market-43?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with Soli: BiggerPockets: https://www.biggerpockets.com/users/solic2?utm_source=youtube&utm_medium=description&utm_campaign=none Instagram: @lattes.and.leases or https://www.instagram.com/lattes.and.leases/ Website: https://www.lattesandleases.com/ ~~~~ Connect with David and Rob on BiggerPockets: David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with Rob (Robuilt): Instagram: https://www.instagram.com/robuilt/ TikTok: https://www.tiktok.com/@robuilto Twitter: https://www.twitter.com/robuiltchannel YouTube: https://www.youtube.com/c/Robuilt ~~~~ Follow David and BiggerPockets on Instagram: @davidgreene24 or https://www.instagram.com/davidgreene24/ @biggerpockets or https://www.instagram.com/biggerpockets/ Show notes at: https://www.biggerpockets.com/blog/real-estate-815?utm_source=youtube&utm_medium=description&utm_campaign=none Recorded at Spotify Studios LA. 00:00 Intro 01:10 Quick Tip 02:41 Buying $100K Houses 10:41 Pandemic Passive Income 19:02 Building The Out-of-State Team 23:01 Blowing Up Online 27:34 Partnerships and Private Money 35:03 Battle of the BRRRRs 44:30 Soli's Portfolio 45:56 Connect with Soli!