$65,000/Year in Cash Flow From a 100% Remote Real Estate Portfolio

**Henry Washington** (0:00)
You can build a salary-replacing rental portfolio all from your computer. That's what Bryan Field did, buying rental properties throughout the United States in markets that made the most cash flow. His portfolio of less than 10 rentals produces over $65,000 per year in pure profit, and he never even saw most of his properties before he bought them. Bryan wanted something that could help replace his nine-to-five job in the healthcare industry, but buying rentals in San Diego was not going to cut it when the average home price is a million dollars. So he went where the deals made sense. Arizona, South Dakota, Arkansas, Virginia. He's done long-term rentals, short-term rentals, and even seller financing to buy six units with just $53,000 in cash. The best part, he did it all while working from home. The key to his income producing rental property portfolio, a type of financing that many homeowners in America have access to right now. Let's hear all about that and more as we jump right in.
What's going on, everybody? I'm Henry Washington, co-host of the BiggerPockets Podcast. And today's guest is investor Bryan Field from San Diego. Let's bring him on.
Mr. Bryan Field, welcome to the BiggerPockets Podcast.

**Bryan Field** (1:16)
Thanks, Henry. Good to see you. Happy to be here, man.

**Henry Washington** (1:18)
Why don't you give us some background? Tell us what you were doing before you got into real estate.

**Bryan Field** (1:22)
Yeah. Before real estate, I've had a pretty lengthy career in health care staffing. So placing travel nurses across the country. And so I've had probably about a 10 year career with two or three different companies doing that. And it's certainly gotten me in a position to be able to buy real estate and jump that make that leap.

**Henry Washington** (1:43)
Is that how you got exposure to real estate investing, like placing travel nurses and other people's investments? Or was there something else that kind of gave you the bug?

**Bryan Field** (1:51)
The bug was wanting to get out of the general 9 to 5 workhorse and find alternative investments, avenues, things to get me out of W2 income and corporate employment. So I stumbled across BiggerPockets on online rabbit holes and found an interest for real estate. And so I started my learning journey, all the podcast books, et cetera, while I was still working there. And then once I started investing, I was like, I put two and two together, like, hey, maybe this travel nursing could be a good niche for what I'm doing.

**Henry Washington** (2:28)
What year was it when you started learning and researching?

**Bryan Field** (2:33)
2017, 2018, and a couple years down the road, we bought a primary house and used that to fund everything else that we've got.

**Henry Washington** (2:43)
Did you buy that primary with investing in mind? Did you plan on it always being an investment down the road, or did it just happen that way?

**Bryan Field** (2:51)
Well, the story with that was my wife and I were living in San Diego, priced out of the market based on what we were earning. We had some friends in Arizona, so talking to him about, hey, I'm interested in real estate investing, you're interested in real estate investing. We could work remote with our W2 jobs, so we actually were like, let's go plant roots there. Let's buy a primary house, and then from there, we can sort of pick our neighborhoods and work with our friend out there to flip houses, buy rentals. So we ended up buying that primary to go out there purposefully for real estate investing.

**Henry Washington** (3:27)
Tell us about the numbers on that. What that first primary looked like.

**Bryan Field** (3:30)
Yeah, so we bought it for $3.95.
We had been making offers really sight unseen from San Diego with a realtor. People were waiving all the contingencies, all cash. We were up against a lot, but we managed to to find one. So we bought it for $3.95. We waived appraisal and inspection. And yeah, it was a nice starter home, three bed, two bath, 1800 square feet, 1990 build. So pretty good shape.

**Henry Washington** (3:58)
You know, it's interesting hearing stories like this because, man, you essentially uprooted your life, moved to a different state, bought a house almost sight unseen. You never saw it in person. You saw pictures and videos. And you did it all with real estate investing in mind. So once you got to your house and you got settled, how long did it take you before you actually bought an actual investment?

**Bryan Field** (4:22)
It took about a year of us being there before we bought our first investment. So while we had that whole year to save up our cash, we were also in this incredible equity ride that the Arizona or Phoenix market saw. So our house a year later appraised for $550. So my wife and I and our friend and his wife, we both pulled out HELOCs on our primary residence. Yeah, at the time, we could do like 90 or 95 percent of the value. So we had these massive each of us had like 100,000 in HELOC funds that we could access. And so with that, we combined forces and we bought a flip.