Snapshot · BiggerPockets Real Estate Podcast
Rachel's best-performing property to date was purchased in 2020 in a 50/50 partnership with a friend at a favorable price and interest rate just south of Austin.
Where this was said
At 20:37 · chapter starts 20:20
Not every property in Rachel's portfolio required a move. A handful were purchased as conventional investment deals — slightly cheaper markets, roughly $200,000–$300,000 in purchase price, and rents in the $1,500–$2,000 range. Her best-performing property to date is a 2020 purchase she made in a 50/50 partnership with a friend, timed perfectly into favorable prices and interest rates just south of Austin. Another strong performer came with a tenant already in place — a plumber who maintained the property himself and has stayed throughout Rachel's ownership. She acknowledges that buying with existing tenants is a calculated risk that can go either way, but in her case the timing and the tenant aligned perfectly. These deals complement the live-in flip strategy without replacing it, adding properties where the numbers worked without the personal disruption of moving.
The properties Rachel bought without living in were typically priced between $200,000 and $300,000 and generated rents of $1,500 to just over $2,000 per month.
Live-in flips are uncomfortable by design — and that's the point. The inconvenience is what most people won't tolerate, and that barrier to entry is exactly what creates the returns for those willing to endure it. Rachel drove 26-foot U-Hauls nine times with three kids because she understood this.
Bhanu grew SiteGPT to $13,000 monthly recurring revenue entirely through organic channels, spending nothing on paid marketing.
More than 1 million people have visited SiteGPT's website since launch in March 2023, all through organic channels.
Approximately 90% of SiteGPT's Google search traffic comes from the free tools Bhanu built, not the main product pages.
Bhanu sold his first SaaS product, Feather, for $250,000 so he could focus fully on the faster-growing SiteGPT.
SiteGPT has generated approximately $500,000 in total revenue since its launch in March 2023.
The average customer lifetime value for SiteGPT is approximately $1,700 to $1,800, which Bhanu considers unusually high.
SiteGPT receives around 50,000 visitors per month, of which about 200 convert to leads and 60 start free trials.
SiteGPT hit $10,000 MRR within its very first month of launch, driven largely by early traction in the AI chatbot space.
Despite strong download numbers, PropGPT could not push past $1,000–$2,000 MRR due to poor product retention.
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