My Third Property: How a $150K Triplex Became a $5K/Month Midterm Rental episode artwork

EPISODE · Jan 2, 2026 · 12 MIN

My Third Property: How a $150K Triplex Became a $5K/Month Midterm Rental

from The Mid-Term Rental Show · host Bailey Kramer

In this episode of The Midterm Rental Show, I break down the full story behind my third real estate acquisition a $150,000 triplex that completely changed my cash flow.Just weeks after a failed BRRRR refinance that cost me $24,000 out of pocket, I closed on this property with another $32,000 down, leaving me nearly cashless at 23 years old. With no listing photos, existing tenants in place, and no in-unit washer/dryers, this deal came with real risk—but also massive upside.I walk you through:Why I made an offer without seeing the unitsHow I transitioned the property from $1,900/month long-term rent to nearly $5,000/month in midterm rental incomeFurnishing units using 0% interest credit cardsWhy in-unit washer/dryers were non-negotiable and how I made them workHow I fill units with travel nurses and construction professionalsCreative outreach strategies, including direct recruiter connectionsThis episode is a transparent look at the numbers, risks, mindset, and lessons behind scaling with midterm rentals and why committing fully to your ideal tenant avatar makes all the difference.

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My Third Property: How a $150K Triplex Became a $5K/Month Midterm Rental

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