The BIG Advantage SMALL Investors Overlook
Channel: Tyler Munroe
Date: 2024-04-06

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Welcome to my channel! I'm Tyler, and I've been investing in real estate since 2013 when I bought my first two-family house hack and never looked back. With the rent paying my mortgage, I was able to live for free and quit my corporate 9-5 to pursue real estate full time. I started as an agent renting apartments, and after about three years became a broker and opened up my own brokerage, all while acquiring investment properties along the way. I've done a little bit of everything in real estate including being an agent, broker, investor (now full time), property manager, buyer, seller, and sourcing off market deals. My investment properties I've found both on and off market and have come through myriad strategies including house hacks, BRRRR, STR (Airbnb), and long term flips. My portfolio now consists of 16 units and is the main source of income for my family. Real estate has provided us an incredibly engaging, unique, and fulfilling life and I hope to pass along everything I've learned to encourage others to pursue the same opportunities.

In this video, we dive into a strategy that's been instrumental in scaling my real estate portfolio to 7 properties with 16 units, all within one of the nation's highest-priced markets. If you're considering real estate investment or looking to expand your portfolio, this strategy might be your ticket to success—if executed correctly.

Video Highlights:

Backyard Investing Philosophy: Learn how focusing your real estate investments close to where you live can be a game-changer. Whether it's next door or a short drive away, this approach offers numerous advantages.

Benefits Over Long-Distance Investing: Explore the advantages of backyard investing over long-distance strategies. From market knowledge to ease of research and management, discover why investing close to home might be the superior choice.

Market Knowledge: Tap into the wealth of knowledge gained from living in your area. Discover how simple observations can translate into lucrative investment opportunities, even in high-priced markets like Boston.

Ease of Research: Benefit from the ease of researching properties within your vicinity. Learn why touring investments in person and having proximity on your side can lead to better decision-making and more profitable deals.

Ease of Management: Gain insights into the ease of managing properties within your backyard. Explore the benefits of self-management, even for newer investors, and learn how it can lead to significant cost savings.

Investing in real estate doesn't have to be complicated. By leveraging the power of backyard investing, you can unlock a world of opportunities right in your own neighborhood. Join us at WealthyREI as we navigate the path to real estate success together.

Don't miss out—hit the subscribe button and turn on notifications to stay updated on our latest videos. Let's embark on this journey to wealth and success in real estate investing, one property at a time.

Timecodes:
00:00 Intro
00:30 Backyard Investing Explained
01:40 Benefit 1: Ease of market knowledge
03:58 Benefit 2: Ease of research
06:26 Benefit 3: Ease of management
08:13 The big drawback to backyard investing

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DISCLAIMER: The opinions and views shared on this channel are for entertainment and educational purposes only and are not to be taken as financial advice. Always conduct your own research prior to making any financial decision.