He Started 8 Months Ago. He Already Has 4 Rentals ($6,000 Cash Flow!)

0:00Hey everyone, Ashley and Tony here. Happy Labor Day to celebrate. We are going to share an episode of bigger pockets real estate with you that we think you will love. We'll be back on Wednesday with a brand new episode on how to maximize the income from your rental properties. But until then, we'll let Henry Washington take it from you. Hey everyone, I am Henry Washington here, co-host of the Bigger Pockets podcast. And today, we're bringing you an investor story with Joe Crocker from Houston, Texas, who just started investing, but is already well on his way to replacing his income with real estate. Let's bring him on. Mr. Joe Crocker, welcome to the show. Hey, thank you. Well, Mr. Joe, once we start off and tell us a little bit about your background and what got you into real estate in the first place? Sure. So my background is long. I'm not a young man. So, but I'll give you the highlights. I have a W2 job that keeps me on the road a lot. Due to that, I had to relocate recently into the last year,

1:00came down to Houston, Texas area, and started research in real estate. I started studying the Burr method, particularly, was kind of what I honed in on. And I worked with my mom and my wife, who told me out, because I'm on the road a lot. And so, mom came down, we went and looked at some properties, said, hey, let's do it. And so, we closed our first transaction in December of last year. Why don't you tell us what traveling a lot means to you? Because I think it's important to your story. Okay, yeah, it is. So traveling a lot for me means I'm on the road about 319 years. That's wild. And I work six, 12 hour days. You work six, 12s, and you travel 300 days a year? Correct, yeah. There's a lot of people that are listening that want to get into real estate. And they think they don't have the time to fit this into their schedule. Well, my mom helps me a lot. So you need a good mother. Yeah, yes, yes. Everybody does it with some sort of help. That is very true.

2:00For sure. So you said you moved to Houston and you started researching real estate. But why? What made you look into real estate at all? Why was that even on your mind? So it's been on my mind prior to being in my current career. I worked in commercial construction. So I've been around real estate a lot throughout my life. And I've done well on personal properties. And so part of it also is with that lifestyle I just described. I'm getting older. I don't want to do that forever. So I kind of a backup plan, I guess, so you would say it's trying to plan my ex-in. And so I had to come here for work. And I saw some opportunities and decided to jump in with both feet. So to speak, did you have a goal getting started? Or did you just want to jump in? Well, yes, to both of those things. I would look on Zillow. And for about two months, probably, I would go every night. And I would just go drive properties that I saw and just check out the area and see what I like. And you're kind of get familiar. And then I got to a point where we just went, hey, you know what? You get to pull the trigger.

3:01And so we made offers on several properties and ended up with actually buying two at the same time. And so, yeah, so we definitely jumped in with both feet. It's one thing to say making offers. But it's another thing to be making the right offer. So you have to know how to analyze the deals and what makes a good deal in the first place. So it was all that like new to you or were you studying and analyzing prior to just making offers? Definitely, studying and analyzing prior to making offers. I spent a couple months probably of actually driving every day and looking at things. You know, I listened to your podcast and some other things. So it was familiar to me. But I really got serious about it. I would say I spent about two months of almost daily looking at properties, doing my own analysis, watching them, you know, the MLS properties. But you could see them. The ones I think are good deals. They all sell right away. Then that makes you go, okay, maybe that was a decent one. And so I spent about two months, I would say before making offers. Well, why don't you tell us about that first one?

4:02How did you find it and what was the goal of it? The first one was on the MLS. It was a listing that had been up for a long time. One observation I made is that sometimes when things are listed for a long time, nobody looks at them anymore. The price goes down and the seller gets super motivated. So this was I think kind of one of those situations and what it was was in the state sale where the guy was mid-clip and passed away. So what was attracted to me about it is number one, it was a house and an ADU on the same property. So my goal was to hold it as a rental. So what attracted me to it is it was pretty easy. The cabinets were in but there was no countertops. They needed some trim or the bathrooms were tiled but not grouted. As it turned out, I had to totally rip that all out. But anyhow, it was a fairly light one. And so that was my thought on it. For the first one, I don't want to go huge. I want to try and go as easy as I can.

5:04But anyways, we bought it for 134,000. 134,000. When did you buy this property? End of December of 25. So this isn't some five year old deal. You paid $130,000 for a house in Houston, Texas. Yeah, and a guest house. And a guest house. And you found it on the MLS. There's probably tons of people in Houston right now talking about I can't find a deal. There's no deals to be found. There's too many investors here. You can't do anything here. So it can be done is what you're telling me. It definitely can be done. So we've done three to share about two of them were MLS deals. And I have one that we're closing next week that's also an MLS deal. So they're there. So tell us the rest of the numbers. You paid $134,000. How much work did it need if any? Total budget was about 44,000. And I actually came in a little bit under that. Okay. I think we spent about 40. So you're all in at 175. And I'm assuming this was a rental because you said you honed in on the Burr strategy.

6:08So were you able to refinance this one already? We did. So we refinanced it right at 90 days. I did the refi. It's 161,200 is what our new loan was. So that was a successful bird's rented for $23.50 between the two units. Not a perfect bird, but that's okay. I don't think you need to pull off a perfect bird. Looks like you pulled out about $13,000. And you were able to rent this for $2300 on a loan of $161,000. That sounds like a pretty decent cash flowing deal that you found on the MLS basically in 2026. So I don't want to hear anybody saying you can't do this or you can't do it in cities that are very investor-heavy. Houston's one of the most investor-heavy markets in the country. And you walked in the door, found something sitting on the MLS. I love everything about this. I love how you found it. I love how you took it down. I love that you did everything people say you can't do right now in 2026 all in one deal. Perfect. But you also said you bought two at the same time.

7:09So I'm very curious what the second deal in this two deal package look like. You're ready for this one. So I said I bought two, but they both had two separate units. The second one had an ADU too? It had two full homes. Oh, yeah. So I bid off a lot. Let's put it down like that. But that one was an MLS deal too. And I'll tell you the way that I found that one, and I'll go through the numbers with you. But that one was one that was octane and occupied. So it was like impossible to see. There was no sign in front. It go terribly. I couldn't even hardly get a hold of the realtor. And then the square footage was wrong on the MLS. And the big thing on that one is the tax assessment. I paid $2.95 for it. And it was tax-assessed at $7.80. So the taxes and taxes are huge. So the taxes were $13,000 a year. Jeez. Yeah, it was crazy. So especially for an investor that's finding rental properties, that kills your cash flow. See, everybody's like, come to Texas.

8:10There's no state tax, but the property tax is crazy. But here's the opportunity there. I appealed that since then, I appealed those taxes, and I got them lowered to $5,000. Whoa. Yeah. That was a big cash flow pickup. Before we get there, I got to pay. I don't know the numbers on this deal. OK. Tell me about it. There's two homes. So the front home is about 1,500 square feet. It's a three-bedroom two-bedroom. And then the rear home at the time was a two-bedroom one-bedroom. The front home was vacant. The rear home was occupied. And I paid $2.95 for the whole package. And the rear house at the time was occupied. He was paying $1,200 a month for the rear house. And the front house had been rented for $2,000 quite a while. And so I was looking like 1% ish, and it seemed to work. So we ended up converting the garage in the rear house. So that's now a three-bedroom. Nice. And then we re-did the front house completely.

9:13It's two blocks from the beach. So we're going to end up doing it as an Airbnb and doing the short-term rental. You said two blocks from the beach, so I assume this is Galveston. Yeah, down Galveston. Man, that sounds like a screaming deal. What kind of condition were these properties in? I mean, people were living in one of them, so I assume that it was OK condition. Well, so it was deep in condition. I mean, we ended up spending partly because we're doing a short-term rental. We ended up spending about $100 fixing it up. We ended up just doing a DSCR loan out of the gate. We just put 20% down and got no prepay. And just paying cash for all the improvements. So we're in it right now, probably about $395, rough number. And it should be worth somewhere between 6 and 7. So you got somewhere between $100 and $200,000 of equity on a deal you found on the MLS in 2026. That's incredible, man. Congratulations. Congratulations. And so one of them is a short-term rental. You're keeping the back unit as a long-term rental. So I think our plan right now is to short-term rent

10:14in both of them. OK. I'll tell you, my analysis, you asked about that, is I wanted to have multiple exits. So number one, could I sell it? If things didn't go my way, can I sell it? Yeah. Two is can I long-term rent it? Because a short-term, you said it. We're done here in Gowson. 4,500 short-term rental permits. It's pretty competitive. So my plan was, I'll try a short-term rent it. If that doesn't work, then I'll just put in long-term tenants. And if that doesn't work, I'll sell it. That is a huge tip for anybody that's listening, especially if you're going to do short-term rentals. I don't mind short-term rentals. I have, I think, four short-term rentals, but every single one of my short-term rentals with the exception of one that I sold recently could be a long-term rental. And the one that could not be a long-term rental, I had so much equity in it, I could sell it. Because short-term rentals aren't like it was before, where you could throw furniture and anything, stick it on the market, somebody was going to rent it, it was going to make money. It's not like that now. Most of the people who don't know how to operate short-term

11:15rentals have exited the market or are actively exiting the market. So who does that leave in the short-term rental space? Professional operators, people who are very good at this, people who know exactly what their customers need, exactly where their customers want to be, provide them the exact experience their customers are looking for. So if you're going to compete with that, you have to be good too. And if you're new, you may not be able to be as good. But you may not find that out until you get to start operating and it doesn't produce the results that you're looking for. And so if it doesn't produce the results that you're looking for, what do you do? Well, if you bought it and the only exit strategy you have is to keep it as a short-term rental, well, you're in a world of hurt. If you can't sell it and make money or break even, and if you can't long-term rent it and make money or break even, then you're going to lose money. It's just a matter of win and how much. And so I always say, buy with two exit strategies for every deal.

12:15If you've got two exits for every deal, you're better protected. It doesn't guarantee you that you won't lose money, but it makes it harder. Summer bookings sound great until someone slips by the pool, gets hurt on your dock, or damages your property during a long holiday weekend. A lot of short-term rental investors don't realize their standard policy may leave gaps when it comes to short-term rental activity. That's why investors use steadily. They offer landlord insurance built for real estate investors, including short-term rentals. And if you're a bigger pockets pro-member, you'll also get 5% off your landlord insurance premiums. Visit biggerpockets.com slash landlord insurance to learn more. Do you ever notice how every passive investment somehow turns into a very active lifestyle, active spreadsheets, active phone calls, active stress? Here's a better question. But if you could buy brand new construction homes, 10% below market value. In the best markets across the country, without making real estate your second job, that's exactly what rent to retirement does. They're a full service, turnkey investment company,

13:17handling everything for you. In some cases, investors get 50 to 75% of their down payment back at closing, plus interest rates as low as 3.75%. They've partnered with bigger pockets for over a decade, helping thousands invest smarter. If you wanna do the same, visit biggerpockets.com slash retirement to learn more. I just booked a trip to the coast, the kind where the morning starts slow and the air smells like salt and citrus. A few days to wander, eat something new every night, and remember why we love to travel in the first place. But while I'm away, an opportunity is available to me that may not immediately come to mind. My place doesn't have to sit empty while I'm gone. I can list it on Airbnb and bring in a little extra cash. And with the co-host network, I could even hire a local co-host to handle the details. It's a simple and practical way to make use of an asset I already own. Find a co-host on Airbnb.com slash host. And so you've kind of already mentioned that you've already bought a third deal

14:18that you are short-term renting. So did you go specifically looking for one that you would do as a short-term rental? Now that you had found the other two. I'll tell you what happened. I was on Facebook one day in the investor group or whatever, and I see somebody had posted the wholesaler that had posted a condo for sale at this place. So I was in Michigan at the time. So I call my mom, I go, hey, can you go check out the condo? And so she goes over there, she goes, yeah, it's good. So the guy's on the phone with me. He was asking, he started at 99,000 and needed some work. So I said, hey, I'd be a buyer, but not at that number. I can't make it work. There's no way, because I treat it like a flip, right? So I'm kind of old school, 70% minus repairs is the most that I'm going to be doing. I still do that. I still analyze everything as a flip, even if I'm going to keep it as a rental, because I buy it cheaper than that. Maybe I learned that from here, I don't know, but that's definitely what I do. So as time ticks, he's going, well, what will you do? So I paid 73,000 before it. Did you pay cash?

15:18Or did you get a loan? I just paid that for it. Here you go, you're 73,000. And that was beginning at June and a main. So since then, I've already rehabbed the whole place, I've finished it. It's been rented for 22 days in the month of July. We have on the books. Are you going to refi out of this thing? I already did. So we already got all our money back out of that one. And it appraised at 143. Nice. That was higher than you expected. Yeah, it was good. So I ended up being in it all in, including furniture and everything, about 90-ish. And it appraised at 143. So we ended up refinancing it at 60%. So we got most of our cap back. And then we had 83,000 ones early on. So that's good. And then Kinkar on a condo is that, these are 6, 11 a month. And so you combine that with a couple hundred bucks in taxes. And then your electricity, because you're paying for that, everything else has been included, but you pay for electric. And then your debt service, the payment, principal and interest, about 600. So it seems like it's going to be pretty good,

16:19but time will tell. Colour me impressed, man. Three pretty amazing deals in 2026, no less. In Houston, Texas, no less. And now you said, I heard you earlier, you said you had one under contract right now. So I'm assuming that you're fourth deal. So come on, give it to me. Tell me about this one. So the fourth deal, I haven't done the whole thing yet, but we're going to close the next couple of days. So again, two houses, because that seems to be my thing. So it's got a five bedroom house in the front and then a two unit in the back. And there is section eight rented. So a few of the three units are occupied. So I got under contract in 355. The front unit currently brings in 2800 among. And then the rear units are 1400 a piece. Well, it gets better, though. So you've ringing in 2800 and the front, 2800 in the back. 5600. $5600 gross rents. And you pay $350. $350. $350. My brain can't even hold on to the numbers.

17:21So my plan with that one, we pay $350. We got about 75 in our construction budget. This will bring everything up to nicer finishes. We're going to put in court, even though it's section eight, it's going to be a nice place for people to live. And then actually, when we do that, we can increase the rents, the section eight, limits are higher. So we'll be able to go up to 3,300 on the front unit. And then the rear units will go. One of them will be 1730 and the other one will be 2328. So we should be at about 7300 a month cash flow. So for the people listening, first and foremost, if you have a stigma in your head about section eight, get it out of your head. There are good tenants and bad tenants in every price class. I don't care if it's top tier $3,000 a month rent or if it's bottom of the barrel under $1,000 a month rent. There are good tenants and bad tenants everywhere. Our job as investors is to be great at tenant selection regardless of the class of the unit that we have.

18:21And so section eight can be very cash flow positive. And not only is it very cash flow positive in some markets, but obviously you get the guaranteed rents or a good chunk of that rent is guaranteed through the government. So in larger cities, places like Houston, typically, section eight will pay higher than market value rents. In other words, you can get more rent out of a section eight rented house than you could if you took that house off section eight and just rented it traditionally. And the amount of rent the government is willing to pay per house goes up based on the number of bedrooms. So if you can add bedrooms, you get more rent. So it sounds like the one you're getting $3,300 on. That's probably the, was it a five bedroom? Five bedroom. That's fantastic. So if you're in a larger city and you've already got rentals, you may want to call down to the housing authority and see what they pay for rents and see if it's higher than what you're currently getting, man.

19:21I love that. So 3,300, 1730, 2328. And what's your debt service on that? Like what are you paying for mortgage taxes and insurance? So I haven't purchased it yet. So I couldn't even tell you exactly what the payment will be, but probably about four grand a month, I'm gonna guess. I mean, that's probably about right. Somewhere between 38, 42, but you're bringing in after you fix it up, 73. Wow. That's cash flow folks. That is cash flow. Was this an MLS deal too? It was a house. Geez, man. Geez. Man, oh man. I'm even gonna do the math to know that that's a screaming deal. Man, that's awesome. And you've done it by, you know, using some of your own cash, but pulling it back out. I mean, these are just traditional things that people talk about, but I love hearing how people take these methods that we talk about and they implement them in their business, man. Fantastic deal. Why don't you give us a summary? How many deals and or units do you have? And what's that put in your pocket every month?

20:23So we have currently five about to be eight once we get this next one closed. And I think that should cash close at about 6,000 a month and that after all expenses. I'll take that all day long, my man. That's incredible. And like I said, you were using some of your money, but it looks like you've been able to pull the majority of your cash back out. I would say by the time we finish up this round, I'm gonna call it, we should have all of our cash back and probably then some. Investing in real estate has always been smart, but it hasn't always been simple. Now it's both thanks to the Fundrise Flagship Fund. The Fundrise Flagship Fund launched more than five years ago with a mission of delivering low fee access to blue chip private market real estate. Today, the Fundrise Flagship Fund has grown to manage more than a billion dollars of real estate on behalf of hundreds of thousands of investors, making it one of the largest funds of its kind. For those who believe real estate has an important role to play

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23:35You know what I wish someone told me before I started my business just start. You don't need to have it all figured out. You just need the right platform. And that's why my storefront runs on Shopify. Setting it up was ridiculously easy. I had my store live and taking orders in an afternoon. No tech headaches, no calling in favors, and with Shop Pay. Check out is so smooth. My customers actually finished buying instead of bailing at the cart. Honestly, their sidekick AI has saved me more than once when I had no idea what I was doing. So whether I'm launching something new or just trying to keep up with everything else going on, Shopify handles the busy work, so I don't have to. If you're ready to hear the of your first sale today, head over to shopify.com slash rookie to start your free trial today. That's shopify.com slash rookie. Do you ever notice how every passive investment somehow turns into a very active life stock,

24:40active spreadsheets, active phone calls, active stress? Here's a better question. But if you could buy brand new construction homes, 10% below market value, in the best markets across the country, without making real estate your second job, that's exactly what rent to retirement does. There are full service, turnkey investment company, handling everything for you. In some cases, investors get 50 to 75% of their down payment back at closing, plus interest rates as low as 3.75%. They've partnered with bigger pockets for over a decade, helping thousands invest smarter. If you want to do the same, visit biggerpockets.com slash retirement to learn more. So all your cash back in your pocket, plus you're getting $6,000 a month in net cash flow, and sounds like we're just getting started. I would like for you to share with our audience maybe some lessons that you've learned over the past 12 months, because you've done a lot. It's not just that you bought these eight units. It's that you've renovated them, and you have refinanced them, and you are operating them.

25:43And so what was maybe something that was a lesson on a deal that you weren't expecting, or maybe something that did not go to plan? So lots of things didn't go to plan, so I don't want to give the impression that this is easy. It's definitely not. The hardest challenge for me has been the financing period, because I'm ready to move really quick, and I haven't had the right lending relationship as how I'm going to say that, and I've tried a few different ones. So I'm still trying to work that out. That's probably their biggest piece, I would say. And then the other thing is, sooner or later, you just have to do it. And that's going to be your lesson. So for me, like the first one, it was only 135,000 dollars purchase. So I figured, what's the worst thing that's going to happen? It's not going to be worth zero, you know? So my risk is fairly limited, and I worked out good. But I think just, my best piece of advice would be, if you're ready, just do it. You know, you've got to do one, and it may not go perfect, but that's how you're going to learn. If you're starting with a single family home, I mean, as long as you've done enough

26:44analysis to at least have a general understanding of what kind of discount you need to be buying properties at, like just buy it. You real estate very rarely, is it ever going to go to zero? You're right. So your risk isn't that you're going to lose all your money. Your risk is that you might lose some money, right? You might have to deal with some headaches, but you're going to learn something in exchange for that. And if a single family home not going well is going to put you in the poor house, then I'd say you're probably not financially ready to invest yet. You need to save up some more cash before you jump in. That's why it's important that you take your bumps and bruises on a deal where your risk is limited. So just be careful. Protect yourself. I love that. Any other lessons or things that you wish you would have done different? I think the court's rental, one thing I will say there, that looks really good at first glance. But there's a lot to it. You hit it right on the head. You can't just give people a bet. It's nowadays you've got to have this helping end up putting in a hot tub and a fire pit and all this kind of stuff. And we do a little, you'll appreciate this. We do a little gift

27:48baskets where we give them customized gear and a Bluetooth speaker and try and make it really inexperienced. But the Airbnb side, the other thing I didn't fully anticipate is how much it cost a furnish of complete house. And people think it's not very much. And I'm like, you know, when you do three or four bedrooms, and I'm talking, you got to do everything. Three sets of bedding, the bed, the mattress, the TVs, all that stuff. You can spend 30 grand in the blink of an eye, furnishing a house, especially if you wanted to be nice. So that was one thing I kind of under anticipated a little bit. All right. Before we get out of here, I wanted to revisit something. You said that your second deal, which was the two SDRs on one lot, had $13,000 in annual taxes. And you were able to get that reduced to $5,000. How did you do that? So I anticipated that. That was one of the things. Just to give you a flavor of MLS, I called the Realtor and I go, geez, the taxes are 13,000. Is that right? And she goes, yeah, that's what it

28:50says. That must be what it is. Thanks, lady. Instead of saying like, yeah, Ava, keep it up, peel that and get it way knocked down. So to me, I went, that doesn't make sense. I wonder if I get that knocked down. So I did some research and you can do it here. It's once a year and you get a pretty tight window. So I anticipated that as part of my buy was that I'm going to get them knocked down. So what surprised me, Henry, is how easy it was. It's so easy. People do not realize this. It's so easy. Listen, here's how easy it is for everybody listening, at least where I am. I fill out the form and then I went down to the place in person. So I sit down in the lobby for 10 minutes and the girl goes, yeah, come on back and she just tell me what's going on. And they go, hey, I just bought this property for $2.95 and it's taxis F at $7.80 and that seems bananas. And she goes, oh, okay, how's your day? Oh, good. He's typing away and then she goes, okay, are you good if we just drop it to $2.95? And I go, yeah, I guess. And she goes, yeah, your tax would be like $5,000. I go, okay. So that's how easy it was. So it's shocking. And so I don't know why you wouldn't do that.

29:55I'm like, lessened to myself every time I'm going to go down there every year, folks. Find out what your window is. In some cities, it's a longer window and some cities you can do it whenever you want. You just need to figure out when you can do this. But yeah, you can challenge your property taxes. So a lot of times what happens with investors, guys, is you buy something and then you renovate it and then you refi it and then, you know, maybe a year down the road six months, depending on whenever they do their inspections and assessments, you'll get a letter in the mail that says, hey, your property taxes are now why? And what most people do is I just say, man, that sucks. Okay, I guess there goes my cash flow. But you don't have to do that. You can challenge them. Some people you have to provide comps to show that, hey, this property is similar and its taxes are lower. And sometimes you just go down there and say, hey, I don't think this is fair. And then they just look on their computer and go, okay, how's this sound? And then your taxes are lower. But it's very easy

30:56process. There are companies that will do this for you, but you don't need to do that. You can literally negotiate these things yourself. And most of the time they will reduce your tax bill. Not always, but most of the time you can get a reduction, which is going to save you money and put more cash flow in your pocket. This is something everybody should be doing every year, but most people don't do it at all. I agree. All right, Joe. Thank you so much for coming on the bigger pockets podcast. I love that you've had so much success really in a seemingly short period of time. I'm curious though, have you had more or less or as much success as you thought you would in your first year of real estate investing? You know, I've had a lot of road bumps along the way, getting all these projects done. But at the end of the day, I think it's gone really good. So I think that probably now, if you just if I look at it as going here to portfolio and here's what's in there, I go, geez, yeah, we're killing it. That's great. So what's the goals moving forward? Are you going to continue to buy more? Are you going to just focus on paying off what you've got? Where

31:58you headed? Oh, no, I'm definitely not going to sit still. So my first goal is to get to 10. And trying to figure out our lending relationships, that's the one thing that's holding me back right now is you only have so much cash. And so working that piece out, that's, you know, over the next year. And I think once I get over 10 projects completed, that door will really open up. So, no, I want to keep grinding. I think 30 is where I need to be. This is in my head to kind of maybe shift away from my W2 employment and to doing this full time. But if it keeps going like this, yeah, keep rocking it. It's fun. How much longer do you think it's going to take you to get to where you want to be in terms of being able to not travel 300 days a year and work six, 12s? I think somewhere between one and two years from when I started, I'll be at a point where I will have replaced my income. Hey, that's pretty incredible, especially for starting in literally the last month of 2025 and getting this far now. Congratulations, man. Thank you. We talked a lot about

33:02these amazing deals. And I think it almost gets lost that like you've done all this while traveling 300 days a year and working six, 12s. So if you are listening to this and you have been hesitating jumping in to investing in real estate because you don't think you have enough time or you don't think you have the resources or you don't think you can find a deal. I hope you find some inspiration in the story because none of those things are true. You can absolutely do this. You just got to do it. And I know that sounds cliche, but this is talked to Joe. You just heard him for the last hour telling you he just did it. This is not an easy business. It is challenging and scary and uncomfortable, but it's a simple business. Buy something that you can add some value to add the value, monetize it at its new higher price, rinse and repeat. If you do that, you look up and 10 to 15 years and realize you're pretty wealthy. And that's super stinking cool. Thanks for sharing, Joe. Welcome. Thanks for having me. All right, guys. Thank you so much for listening to this episode of the Bigger Pockets podcast. And if you like Joe, have a pretty amazing real estate investment story

34:06and you'd love to come on the podcast and share it with us, then go to biggerpockets.com slash guest and fill out the form. Maybe we'll get to interview you on the show and you can share your story with our audience. Thank you so much for listening to this episode. We'll see you on the next one.