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 orphanage
How his plans transitioned to real estate
Thoughts on investing while nearing retirement
The risk profiles for various ages
How he focuses on family and not just the money
How to reach your freedom number
How he and his family got onto Oprah
What exactly a turnkey property is — and Bill’s turnkey story
A few red flags when it comes to turnkeys
His goal of reaching 1,000 units
How he finds properties
The struggles of reaching his goal, from finding funds to working with the right people
How he maintains the property
And SO much more!

Links from the Show

BiggerPockets Videos
BiggerPockets Webinar
Child Hope International
BP Podcast 115: Getting Started with Apartment Complex Investing with Jeff Greenberg
BP Podcast 151: Finding Your “Freedom Number” with Clayton Morris
Desperate for Tenants in Memphis [Forum Post]
BP Podcast 190: Building 61 Different Passive Streams of Income with Pat Hiban
BiggerPockets Forums
Loopnet
BiggerPockets Calculators
TEDx Talk by Robert Kiyosaki [Video]
021: Buying Properties with Little or No Money Down with Brandon Turner[Podcast]

Books Mentioned in this Show

The Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets
The ABCs of Real Estate Investing by Ken McElroy
The Book on Investing with No or Low Money Down by Brandon Turner
Rich Dad Poor Dad by Robert Kiyosaki
The 4-Hour Workweek by Timothy Ferriss

Tweetable 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 Bill

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191: Buying Out-of-State Rentals and Investing Later in Life with Bill Manassero 01:04:33

BiggerPockets Real Estate Podcast

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191: Buying Out-of-State Rentals and Investing Later in Life with Bill Manassero