5 Rental Properties on Autopilot with Full-Time Highway Patrolman Ruben Galindo | Rookie Podcast 22

Curious how to manage a rental portfolio in your limited free time?
Learn from today's guest Ruben Galindo, who had his hands full managing hundreds of law enforcement officers in Texas... but didn't let that stop him.
Ruben is 48 years old, and in the past five years, he's acquired five rental properties that require about an hour of his time each week. In this episode, he'll teach you how he uses Cozy and Docusign to do everything virtually, how door knocking led to one of his best deals, and how he leverages his 401(k) in his real estate business.
Ruben didn't jump in until his 40s, but he already has experience with buying a foreclosure, helping a seller avoid foreclosure, a short sale, and a straightforward live-in flip (where he currently lives). Not bad for a relative rookie!
If you pick up any tips from Ruben or have questions for him, leave a comment in the show notes at biggerpockets.com/rookie22. And if you're feeling extra generous, leave us a rating and review in Apple Podcasts.
Connect with Ruben:
Ruben's BiggerPockets Profile - www.biggerpock...
Ruben's Facebook Page - www.facebook.c...
Ruben's Instagram - / reinvest_rubeng
Ruben's UA-cam Channel - / @galindorealtygrouprea...
Check the full show notes here: www.biggerpock...

[@galindorealtygrouprealbrok7001]

Ashley and Felipe thank you for the opportunity to share my story!

[@kevins8672]

I sub'd to see more videos like the last one you posted

[@hotrodhendrix1]

I'm a mortgage underwriter. SchE is a requirement unless you can confirm the property was purchased after the prior year return. *Or in a documentable reason for not renting that year. Example:restoring the house or only rented a few months that year.* There is a cutoff each year equal to the final extension time period allowed by IRS. Leases would be used in that case at 75%. Government loans is far more strict but rare those are used in this case. Portfolio loans have a different set of requirements but this is how Fannie and Freddie consider. (Never allow them to bundle properties on SchE. If that's how you want to handle run all property income through a business. You would no longer have a broken down rental income for each but a self employed calc would be used instead)

[@javierfelix8697]

El Grito was on point

[@galindorealtygrouprealbrok7001]

Lol! Thanks! Puro Tejano style!

[@Felipemejiarei]

right next time me

[@CtotheJCops]

My boy representing the team 🥳 🇲🇽

[@Felipemejiarei]

claro carnal

[@CaseyBurnsInvesting]

Mind your business:
Your Business: the thing that you own that makes you money

[@oDahaka]

You're everywhere

[@wendycran-carty3985]

QQ!!a

[@YujinVasquez]

I learned that from Rich Dad Poor Dad

[@1dragonx76]

Lots of respect Ruben, keep that real estate fire burning bright. Hope to see another video when you acquire 10-20 more properties.

[@ThaRealERAQ]

Air force retirement police retirement plus rentals killing it. Probably has a nice stock portfolio too. Kudos

[@galindorealtygrouprealbrok7001]

Thanks, I do have a 401K and TSP and a few stock options but right now the stock options are hurting. Lol

[@bjjfreak8261]

@@galindorealtygrouprealbrok7001 Individual stocks, or index funds?

[@galindorealtygrouprealbrok7001]

@@bjjfreak8261 stock options AAPL and today it skyrocketed after earnings report.

[@bjjfreak8261]

@@galindorealtygrouprealbrok7001 good for you man! Always curious and learning. Great podcast

[@ThaiThrouple]

Great Video! Stay safe Officer Ruben and many more investments in the future.

[@galindorealtygrouprealbrok7001]

Thank you for the kind words!

[@omaririchins3025]

Definitely the best singer you'll have had on! Thanks for the information and community

[@galindorealtygrouprealbrok7001]

Lol! Thanks. It was fun.

[@levertis1987]

I love when he said he get scared that a new property he just bought won’t rent out, I suffer from that badly😞

[@geoffhusa313]

Great podcast! Curious about the difference between the ‘quick title’ arrangement the guest talked about and ‘subject to’. They sound like the same thing.

[@JessieOpportunityCostInvesting]

Automate and delegate. Great philosophy and strategy!

[@Officialerikledezma]

Great episode !

[@claireanneinvestor]

Congrats!

[@bienesraices3491]

Great job 👍👏

[@ricardoperez4187]

Love the brown Pride !!!!! Love this episode

[@Felipemejiarei]

animo !!!

[@randygalindo6346]

Awesome! Great interview.

[@1.5Koreans0.5American]

Oooo autopilot! 🔥💪

[@tiffanyonwudinanti]

For my Spanish speakers, someone please translate what Felipe said at 29:25

[@galindorealtygrouprealbrok7001]

He asked "what are paying them, the ones that are working "

[@ragequit7389]

Love the representation 🇲🇽 🇺🇸 wish I lived in San Antonio area so you can mentor me lol I’m 25 , Mexican American and love to get started

[@JoJoEnglish]

Let's link up I'm here in SA too

[@galindorealtygrouprealbrok7001]

Of course, let me know

[@egod7m995]

Was up Felipe

[@Felipemejiarei]

que onda

[@lionheart93]

he is a beast!

[@galindorealtygrouprealbrok7001]

Thanks, I have more content on my UA-cam channel.

[@lionheart93]

my dad painted our neighbors house for 1400 lol. The hookups will get you far if you take care of them!

[@galindorealtygrouprealbrok7001]

Yes sir. I've given my painter many more jobs.

[@lionheart93]

cash flow must be reported as taxable income correct?

[@bjjfreak8261]

Yes, but you can also write off mortgage interest and depreciation shielding that income

[@lionheart93]

@@bjjfreak8261 so that is why usually investors pay a lot less in taxes./?

[@bjjfreak8261]

@@lionheart93 big part of it yes. Real estate is a great tax shield

[@galindorealtygrouprealbrok7001]

Yes, but REI has huge tax benefits

[@wfgdaniel]

Can you Finance a Foreclosure?

[@galindorealtygrouprealbrok7001]

Yes you can. ua-cam.com/video/43g1sMePEqM/v-deo.html

[@leticiabrowne7520]

Awesome episode!!!