Millennial Real Estate Investor Episode 40: 16 Units Towards Financial Freedom in One Year with Bo Kim

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Bo Kim joins us this week to talk about how he made the decision to start investing across the country and managed to grow his portfolio to 16 doors in his first year. If you have ambitions of getting started in real estate but feel overwhelmed by getting started, Bo is a great example of how to jump in. He explains how he decided where to invest, then his strategy for buying and financing his properties. We also talk about buying turnkey properties, delayed financing for the BRRRR method, seller financing and partnerships. Bo has a very straight-forward approach to his investing that is repeatable and consistent.

 

Bo also runs the site biggercashflow.com and the Instagram page @BiggerCashFlow so go check them out!

 

Mentions

Recommended Books:

Recommended App:

 

Where to Get In Touch

bo@biggercashflow.com

www.biggercashflow.com

@BiggerCashFlow on Instagram

Helms REI: Auditor - The Best Job For A Real Estate Investor

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In this episode of The Best Job For a Real Estate Investor, I’m joined by Bo Kim. Bo lives in LA (and for my Alabama friends, that is NOT Lower Alabama). While Los Angeles is an expensive market to invest, Bo has focused his efforts and found success on long distance investing in 11 out of state units (something I hope to do later this year).

Not only does he share the name with one of my childhood heroes, but he he has also incorporated one of his catch phrases: Bo Knows Cash FlowAnd yes, I still have a box full of baseball cards. The only time I’ve ever been star struck was while eating dinner approx. 5 years ago and in walked Mr. Vincent Jackson (how can I get him as a guest on here???). Anyways…after talking with Bo Kim, I’m CONVINCED that being an Auditor IS THE BEST JOB when it comes to investing in real estate on the side.

KEY TAKEAWAYS:

  • Know YOUR investing criteria.

  • Why Cash-on-Cash Return is important to Bo.

  • Auditors deal with Business Risk Management and SEC Regulations -> key for RE investors.

  • I am not Bo Kim – he is!!

LINKS MENTIONED:

From Military to Millionaire Podcast Episode 18 - How to buy 16 units in your first year of real estate investing!

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Bo Kim is an accountant, real estate investor, and blogger!

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Bo has been investing in real estate for a little over a year and has already purchased 16 rental units! Bo has used all sorts of creative financing method, to include seller financing, home equity line of credit (HELOC), and loans from his 401k.

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His advice to an 18/20-year-old is: Financial education is key, learn the difference between an asset and a liability, and then act accordingly!

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the resource he recommends is: BiggerPockets, Facebook (niche real estate investing groups), and stories from other investors!

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His big idea/parting advice is: TAKE MASSIVE ACTION

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If you want to reach out to Bo you can find him on Instagram at: @biggercashflow or at https://www.biggercashflow.com/

The Corporate Investor Podcast 61 - Interview with Bo Kim

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Matt Nusbaum | Real Estate Investor • 1/11/2019

Today's show features Bo Kim based out of Southern California. Bo is a Business Risk Consultant with a background in accounting. He has an awesome story of jumping right in after starting with a house hack on his personal residence. From there he spent just a handful of weeks educating himself before he went ahead and bought his first investment property. Bo's focused on turn key rentals in the Midwest and today he talks about the benefits of turn keys and how to get started with out of state investing. This is a good show for anyone looking to get into the game through turn keys and Bo offers some great tips to make it happen!

One Rental at a Time: Interview 25 - Bo Kim

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Michael Zuber, One Rental at a Time: After a 15 Year Journey to Financial Independence I have decided to stop working a 9-5 job and instead focus on helping people start their own journey. My year one goal is to help 1,000+ individuals understand the power Rental Properties as I would not be free to exit a 9-5 job without my portfolio of Cash Flow Positive Real Estate. Please let me know your thoughts, questions and concerns as there are no bad questions when you are thinking about committing to a process that could take 15 years+

On this interview, Michael and I discuss how a recession impacts the rental market and how investors can prepare.

Cash Flow King: Episode 67 - Bo Kim Interview

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Bo Kim - real estate investor from Orange County has grown a portfolio of singles and doubles in three different markets all within the past 18 months! Bo takes some time with Dr. Matt Motil to share how he got started, what motivated him, and 3-4 different strategies he's used to finance his purchases. This is a great episode for anyone new or starting out in their portfolio that needs some motivation to get things going! 

Get the full show notes for this episode and other great resources over at www.drmattmotil.com

If you'd like to watch this episode, you can head over to the YouTube channel at www.drmattmotil.tv. Make sure you like, comment, and subscribe to the channel while you're out there! 

SimpleWholesaling: Episode 123 - Starting Out: 6 Rentals in 6 Months

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Bo Kim is a buy and hold real estate investor from Southern California and has picked up 6 rental properties just 6 months since closing on his first property. He invests in working class neighbourhoods across the markets of Indianapolis, Kansas City, and Little Rock. During the day, Bo works as a senior consultant for a regional CPA and hopes to create passive income to become financially free and also educate others to do the same.

In this show, you’ll learn:

  • Bo’s background

  • How he got started in real state

  • How long he has been working in accounting

  • His advice for people who are just starting out

  • His take on choosing real estate markets

  • Real estate investment versus other types of investment vehicles

  • His future plans

  • The process he follows after choosing his markets

  • On building his portfolio

  • Grade he would give himself in terms of holding 6 properties

  • His words of wisdom for those who are new in the buy and hold space

  • How he finds funding for his projects

  • Applying the BRRRR strategy

Quotes

“Most people overestimate what they can do in one year and underestimate what they can do in ten years.” -Bill Gates
“Motivation gets you started but habits keep you going.”
“It is not what you don’t know that gets you in trouble but what you think you know that just ain’t so.”

Profile: Bo Kim

Bigger Cash Flow
Bo’s Email Address: bo@biggercashflow.com