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23 Year Old College Drop Out Making $7,000 cash flow a month - Bailey Kramer
Season 1 · Episode 17

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

Stay Ready Real Estate Podcast · Emeka Ogbonna

April 3, 202434m 8s

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Show Notes

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.

Takeaways

  • Networking 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 Background

06:49Different Types of Rentals

15:30Setting Goals and Cash Flow

22:14Having a Long-Term Mindset

26:26The Power of Real Estate and Multiple Paths to Success

29:21Mindset Shifts and Lessons Learned

31:13Dream Dinner Guests

33:10Actionable Steps and Conclusion

Connect with Bailey Kramer:

Website: https://www.baileykramer.com/

LinkedIn: https://www.linkedin.com/in/bailey--kramer

Facebook: https://www.facebook.com/bailey.kramer.986

Instagram: https://www.instagram.com/the_bailey_kramer/

Connect with Emeka Ogbonna:

Website: Gobonnaequity.com

Instagram: 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=81iIqKvKfCl05ktM

Spotify: https://open.spotify.com/show/7C5pv7sUSF0qEcotOmdElm

Music: Tyas Martin

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