#191: Buying Out-of-State Rentals and Investing Later in Life with Bill Manassero
Published September 8, 2016
60 min
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    Today on the BiggerPockets Podcast, we’re excited to introduce you to a man who didn’t start investing until later in life but has built an impressive portfolio in the past few years. Even more, he bought his rentals thousands of miles away from where he lives! You’ll learn the inspiring tale of our guest, Bill Manassero, and how he went from running an orphanage in Haiti to buying rental properties and the challenges that transition caused. You’ll also be inspired by Bill’s heart and his real purpose for creating wealth through real estate. You are going to love this powerful episode, and it just might change why you invest in real estate! (And don’t miss Bill’s story of how his family appeared on Oprah!) In This Episode We Cover:Who Bill is (and why he’s hung out with Oprah)Why he built an orphanageHow his plans transitioned to real estateThoughts on investing while nearing retirementThe risk profiles for various agesHow he focuses on family and not just the moneyHow to reach your freedom numberHow he and his family got onto OprahWhat exactly a turnkey property is — and Bill’s turnkey storyA few red flags when it comes to turnkeysHis goal of reaching 1,000 unitsHow he finds propertiesThe struggles of reaching his goal, from finding funds to working with the right peopleHow he maintains the propertyAnd SO much more!Links from the ShowBiggerPockets VideosBiggerPockets WebinarChild Hope InternationalBP Podcast 115: Getting Started with Apartment Complex Investing with Jeff GreenbergBP Podcast 151: Finding Your “Freedom Number” with Clayton MorrisDesperate for Tenants in Memphis [Forum Post]BP Podcast 190: Building 61 Different Passive Streams of Income with Pat HibanBiggerPockets ForumsLoopnetBiggerPockets CalculatorsTEDx Talk by Robert Kiyosaki [Video]021: Buying Properties with Little or No Money Down with Brandon Turner[Podcast]Books Mentioned in this ShowThe Ultimate Beginner’s Guide to Real Estate Investing by BiggerPocketsThe ABCs of Real Estate Investing by Ken McElroyThe Book on Investing with No or Low Money Down by Brandon TurnerRich Dad Poor Dad by Robert KiyosakiThe 4-Hour Workweek by Timothy FerrissTweetable Topics:“I got tired of working for these other folks, so I decided to become an entrepreneur.” (Tweet This!)“I want to be able to go where I need to go.” (Tweet This!)“You gotta get in there and get your hands dirty, and that’s where the learning really starts.” (Tweet This!)Connect with BillBill’s BiggerPockets ProfileBill’s Company WebsiteOld Dawg’s Podcast
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