If there?s anyone who knows how to get rid of squatters, it?s Leka Devatha. Right before MCing the biggest real estate event of the year, BPCon 2023, Leka got a phone call from her property manager with the words no investor EVER wants to hear, ?there are trespassers in the property.? What followed was months of legal back and forth, media attention, and some secret agent work from Leka to get these so-called ?tenants? OUT of her property. In the end, Leka lost tens of thousands of dollars, but today, she?s going to share how to avoid the same fate. Squatters know their rights and how long it takes landlords to kick them out of a property, so they come prepared. With everything from fake leases to moving over utilities, claiming the legitimate owners are liars, and doing ANYTHING they can to prove they belong in the house, modern-day squatters could live in your home for years unless you follow the same steps as Leka. In today?s episode, Leka shares how she got two trespassers out of her house without going through the long, costly, and often unsuccessful eviction process, how she beat the squatters at their own game, and what YOU should do to stop ANY squatter from even THINKING about stealing from you. In This Episode We Cover: How to get squatters out of your house ASAP without waiting on the eviction process The one type of rental property owner squatters LOVE to target  Hiring attorneys and why your legal team MUST be ready to make moves quickly Canceling utilities and how to get this done as soon as a squatter takes over your property ?Squatters' rights? and how to beat squatters at their own game Leka?s BIGGEST pieces of advice to avoid squatters and trespassers in the future And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the ?Real Estate Rookie? Podcast Grab Your Copy of ?Start with Strategy? and Use Code ?STRATEGY356? for a 10% Discount Sign Up for the Real Estate Investing Virtual Summit Creative Ways to Get Rid of Squatters: What?s Legal & What?s Not What Landlords Need to Know About Squatter?s Rights Watch Leka?s News Story Minut Noise Monitoring Connect with Leka: Leka's BiggerPockets Profile Leka's Instagram Leka's LinkedIn Check the full show notes here: https://www.biggerpockets.com/blog/rookie-360 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Could ONE multifamily rental property change your life? Just five years ago, Jaryn Pierson was sleeping on his grandma?s couch, working a minimum-wage job, and getting sober. But when the right deal came along, it altered his financial future! Welcome back to the Real Estate Rookie podcast! Jaryn discovered real estate during the lowest point of his life. When friends and family warned him not to invest, he bought a duplex in his hometown. Today, that property nets $30,000 in cash flow each year! Since then, he has only added to his portfolio?buying an eight-unit apartment building through a RARE seller financing opportunity and launching his own property management company. His old minimum-wage job? He?s still got it, only he has been promoted to general manager of multiple locations! In this episode, Jaryn shares some of the biggest lessons he has learned during his real estate journey?from becoming a better Airbnb host to raising rents on long-term tenants. You?ll also learn how to find properties to manage, as well as why you should focus on stabilizing your portfolio rather than scaling it! In This Episode We Cover: Jaryn?s multifamily rental property that brings in $30,000 per pear How to raise rents on existing tenants (and keep them happy!) Avoiding the banks to get a GREAT deal with seller financing Jaryn?s biggest lessons learned as an Airbnb host How to find clients for your property management company When to focus on stabilizing your portfolio instead of scaling your business And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the ?Real Estate Rookie? Podcast Grab Your Copy of ?Start with Strategy? and Use Code ?STRATEGY356? for a 10% Discount Sign Up for the Real Estate Investing Virtual Summit Rookie Reply: Seller Financing & How to Buy MORE Real Estate on YOUR Terms Raising Rent: How Much Should I Increase Rent Each Year? Books Mentioned in This Episode The Multifamily Millionaire, Volume 1 by Brandon Turner & Bryan Murray The Multifamily Millionaire, Volume 2 by Brandon Turner & Bryan Murray Buy Back Your Time by Dan Martell Connect with Jaryn: Jaryn's BiggerPockets Profile Check the full show notes here: https://www.biggerpockets.com/blog/rookie-359 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Out-of-state investing is a great option if you?re looking to venture beyond your backyard, but finding the perfect market can be a challenge. Not to worry?our hosts have been in your shoes before and are here to help you navigate this big decision! Welcome back to another Rookie Reply! In this episode, Tony and Ashley offer their best tips, tricks, and tools for choosing a real estate market. They also get into the nitty-gritty of the mortgage pre-approval process. What is a pre-approval, when should you get one, and does it affect your credit score? Stay tuned to find out! Next, they discuss holding costs, including some of the different ways to fund these expenses. Finally, they talk about security cameras, and Tony even shares two instances when they helped save the day on his properties! If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE). In This Episode We Cover: Finding the perfect market for investing out-of-state When to start the pre-approval process for a new home loan How to pay for holding costs (and which lenders will fund them!) How to land the IDEAL loan for your real estate niche When to install security cameras across your rental properties And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the ?Real Estate Rookie? Podcast Grab Your Copy of ?Start with Strategy? and Use Code ?STRATEGY356? for a 10% Discount Sign Up for the Real Estate Investing Virtual Summit Your Step-by-Step Guide to Buying Out-of-State Investment Properties Looking to Invest Out-of-State? Here?s How to Pick and Analyze a City Tools to Help You Find Your Market: NeighborhoodScout BrightInvestor Check the full show notes here: https://www.biggerpockets.com/blog/rookie-358 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

There are ebbs and flows in every real estate investing journey, but not every home renovation project results in a six-figure loss! Fortunately, today?s guests learned one very expensive lesson so that YOU (hopefully) don?t have to! Welcome back to the Real Estate Rookie podcast! Justin Noe and Nate Cherubini are real estate investing partners with top-notch problem-solving skills. But not even that could stop them from making a MAJOR blunder on one of their real estate deals?a mistake that cost them a whopping $120,000. After dealing with termites, zoning issues, and bad contractors, this dynamic duo had every reason to give up on real estate?but didn?t! In this episode, Justin and Nate stress the importance of keeping your contractors in check and fostering healthy relationships in real estate. They also talk about why you should build your buy box early on in your investing journey and how to get your family on board with your real estate investing goals! In This Episode We Cover: How this duo bounced back after a $120K failed home renovation project Choosing your buy box early on (and avoiding ?shiny object syndrome?) Why you NEED a good ?ground game? when investing out-of-state The BEST way to use private money or hard money on a house flip Finding a complementary real estate investing partner How to get your family on board with real estate investing And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the ?Real Estate Rookie? Podcast Grab Your Copy of ?Start with Strategy? and Use Code ?STRATEGY356? for a 10% Discount Sign Up for the Real Estate Investing Virtual Summit How Tony Lost $100K on ONE Real Estate Deal (AVOID These Critical Mistakes) Making $71K on ONE Deal After 5 Failed House Flips and Six-Figure Debt Books Mentioned in the Show Real Estate Partnerships by Ashley Kehr & Tony Robinson Vivid Vision by Cameron Herold Connect with Justin: Justin's BiggerPockets Profile Justin's Facebook Justin's Instagram Justin's LinkedIn Connect with Nate: Nate's BiggerPockets Profile Nate's LinkedIn   Check the full show notes here: https://www.biggerpockets.com/blog/rookie-357 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

If you want to know how to start investing in real estate, you?re in the right place. Today, we?re going to detail the three often-overlooked beginner steps that?ll allow you to build a real estate portfolio, reach financial freedom, and have more time and money than ever before. And no, these steps are NOT the usual ?look up properties online, talk to an agent, get pre-approved? advice. Instead, we?re giving you the time-tested expert guidance that leads you to REAL wealth, not just a handful of headache properties. So, who has the foolproof plan for real estate success? Dave Meyer, BiggerPockets VP of Data and Analytics, host of the On the Market podcast, and author of Start with Strategy. In today?s episode, Dave outlines exactly how he built a life he loves, living abroad with free time to travel, making more than enough to support his adventurous lifestyle, all while spending less than an hour a day on his real estate portfolio. If you?re ready to buy your first or next rental, experience lasting financial freedom, and hear Dave?s 2024 mortgage rate predictions, stick around! Ready to start investing in 2024? Pick up Start with Strategy and use code ?STRATEGY356? at checkout to get 10% off! In This Episode We Cover: The three beginner steps to start investing in real estate in 2024 Creating your ?vision? of what you want financial freedom to look like for you Why you should NOT quit your job (yet) to go full-time in real estate The fastest way to boost your income or get a substantial raise at work Dave?s 2024 mortgage rate predictions and how low rates could go this year And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the ?Real Estate Rookie? Podcast Grab Your Copy of ?Start with Strategy? and Use Code ?STRATEGY356? for a 10% Discount Sign Up for the Real Estate Investing Virtual Summit Book Mentioned in the Show Real Estate Partnerships by Ashley Kehr & Tony Robinson Connect with Dave: Dave's BiggerPockets Profile Dave's Instagram Catch Dave on the ?On the Market? Check the full show notes here: https://www.biggerpockets.com/blog/rookie-356 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Can?t fund your next rental property? Never let a little money get in the way of a great deal! When today?s guest didn?t have the cash to buy the property of her dreams, she negotiated a MASSIVE discount and used creative financing to get it across the finish line. Welcome back to the Real Estate Rookie podcast! Today, we?re joined by Multifamily Bootcamp graduate Dayna Hicks, a foster parent and investor with a HUGE heart for the less fortunate. After reading Rich Dad Poor Dad and discovering BiggerPockets, Dayna realized that investing in real estate would give her something to pass along to her (many) children. It took her very little time to get started, buying three multifamily properties as a rookie! In this episode, Dayna shares how she secured her latest deal?a thirteen-unit transitional house designed to help young adults get back on their feet. Dayna was able to negotiate the purchase price down by a whopping $180,000 simply by using her newfound real estate knowledge to her advantage. Now, the property brings in $25,000 per MONTH! In This Episode We Cover: How Dayna negotiated $180K off a seller?s asking price Using creative finance to fund a unique rental property The MANY advantages of investing in multifamily real estate Leveraging your primary residence to fund MORE deals Creative ways to raise rent on a good tenant (and keep them happy!) Life-saving tips for managing a home renovation project And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the ?Real Estate Rookie? Podcast Making $90K/Year with Just ONE Rental by Combining Compassion with Cash Flow How to Negotiate House Prices Books Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki One Rental at a Time by Michael Zuber  Connect with Dayna: Dayna's Email [email protected] [email protected] Check the full show notes here: https://www.biggerpockets.com/blog/rookie-355 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Off-market real estate deals allow you to avoid the multiple listings service (MLS) and find RARE properties often at a sizable discount, but many rookie investors are hesitant to send mail or pick up the phone. If that sounds like YOU, we have the tips, tools, and templates to make your life easier! Welcome back to the Real Estate Rookie podcast! Today?s special guest is Brett Long, a rookie investor who managed to build a valuable portfolio in just three years. At a time when all of his friends and family members told him to avoid real estate investing, Brett went all-in?flipping houses for a HUGE profit. Little did he know that the money he would bring in from this strategy would help him fund buy and hold properties as well. In this episode, Brett talks about his experience driving for dollars, as well as the ?personalized pitch? he included in his direct mail campaigns to generate a TON of interest from sellers. Of course, once the calls started coming in, he still had some convincing to do. Brett provides the template for these productive phone conversations and shares how he was able to turn hesitant homeowners into willing sellers! In This Episode We Cover: Finding a TON of off-market properties by driving for dollars Building the PERFECT buy box for your investing needs How to beat the competition by investing in ?the path of progress? Using the profits from house flips to fund buy and hold rental properties How to craft a high-converting mailer to send to sellers Essential tips and tricks for talking to sellers over the phone Why NOW is the best time to start flipping houses And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the ?Real Estate Rookie? Podcast From Sleeping in His Car to Multi-Unit Landlord & The ?Nomad? Strategy Finance Friday: Self-Employed Income and Short-Term Rental Investing Find Property Information Easily with PropStream The Step-by-Step Guide to Finding the BEST Off-Market Real Estate Deals Find the Real Estate You Hate (So You Can Buy the Real Estate You Love) How to Get a Better Price on That Off-Market Property Cashing In On Overlooked Off-Market Deals & Overcoming Analysis Paralysis Connect with Brett: Brett's BiggerPockets Podcast Brett's Instagram Brett's Website Check the full show notes here: https://www.biggerpockets.com/blog/rookie-354 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Making $71,000 per year from ONE rental property is a huge feat for any real estate investor, but it?s even more impressive when you?ve had to work your way from the very bottom. Although today?s guest had to overcome several challenges on his investing journey, his resiliency paid off in a BIG way! Only a few years ago, Matt McDermott?s life was unraveling. After hitting rock bottom and going to rehab, Matt realized that he needed to make some serious life changes. Step one was getting sober. Step two was financial freedom through real estate. After an argument in the kitchen one evening, Matt and his wife reached the conclusion that they should buy their first rental property. Since then, they have built a multimillion-dollar painting business and a cash-flowing real estate portfolio! In this rags-to-riches episode, Matt shares how he worked around several roadblocks to make his real estate dream a reality. He also offers crucial tips for getting your spouse on board with real estate, as well as how to get your family involved in DIY home renovation projects. Finally, if you?re self-employed, Matt talks about creative ways to get financing for your deals?such as using bonus depreciation to boost your buying power! In This Episode We Cover: Making $71,000/year from ONE property with the short-term rental strategy How to get your spouse on board with your real estate dream How to get financing for your deal when the banks tell you ?no? Increasing your buying power and reducing your tax burden with bonus depreciation Turning DIY home renovation projects into more quality time with family Leveraging equity in your portfolio to buy MORE real estate And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the ?Real Estate Rookie? Podcast From Sleeping in His Car to Multi-Unit Landlord & The ?Nomad? Strategy Finance Friday: Self-Employed Income and Short-Term Rental Investing Find Property Information Easily with PropStream Connect with Matt: Matt's Instagram Matt's Website Check the full show notes here: https://www.biggerpockets.com/blog/rookie-353 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

We got to talk a WHOLE lot of real estate in 2023. With topics ranging from partnerships to home renovation hacks, we covered a ton of ground this year and hope the information helped YOU on your real estate investing journey! Today, we?re taking a trip down memory lane?reflecting on all of the amazing guests and conversations we had on the show over the last twelve months. For this very special episode, we?ve handpicked a few of our favorite moments to share with you. Whether you?re looking to find your first deal or already own several rental properties, we hope this compilation gives you the inspiration and motivation you need to start the new year off strong! Tune in to learn everything from getting your spouse on board with real estate to replacing your W2 income with rentals. You?ll find out why house hacking is perhaps the best entry point to real estate investing and why rental arbitrage is a cheat code for easy cash flow. You?ll even learn about the ?open house? hack that one rookie investor uses to estimate rehab costs, as well as some clever ways to get more money out of your current portfolio! Here is the link to the Spotify playlist for the full episodes clipped for this show! In This Episode We Cover: The best ways to pitch seller financing (and get your offer accepted!) Pitfalls to avoid when taking on more real estate debt Scaling your real estate business faster with UNIQUE loan products How to negotiate pricing with contractors for your home renovations Why you MUST build your own scope of work when getting contractor bids And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the ?Real Estate Rookie? Podcast Why Self-Storage Beats Rental Properties How to Use Public Data to Find Real Estate Deals That 99% of Investors Miss w/Ariel Herrera From Prison to Real Estate Investor Making $71K/Year from ONE Rental w/Matt McDermott How Nancy Rodriguez from ?Love Is Blind? Hit Financial Freedom BEFORE Fame How to Buy a Rental Property with NO Money OR Credit The Rookie?s Step-by-Step Guide to Home Renovation Projects The Step-by-Step Guide to Finding the BEST Off-Market Real Estate Deals Books Mentioned in the Show The Book on Estimating Rehab Costs by J Scott The Book on Flipping Houses by J Scott Check the full show notes here: https://www.biggerpockets.com/blog/rookie-352 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

We got to talk a WHOLE lot of real estate in 2023. With topics ranging from partnerships to home renovation hacks, we covered a ton of ground this year and hope the information helped YOU on your real estate investing journey! Today, we?re taking a trip down memory lane?reflecting on all of the amazing guests and conversations we had on the show over the last twelve months. For this very special episode, we?ve handpicked a few of our favorite moments to share with you. Whether you?re looking to find your first deal or already own several rental properties, we hope this compilation gives you the inspiration and motivation you need to start the new year off strong! Tune in to learn everything from getting your spouse on board with real estate to replacing your W2 income with rentals. You?ll find out why house hacking is perhaps the best entry point to real estate investing and why rental arbitrage is a cheat code for easy cash flow. You?ll even learn about the ?open house? hack that one rookie investor uses to estimate rehab costs, as well as some clever ways to get more money out of your current portfolio! Here is the link to the Spotify playlist for the full episodes clipped for this show! In This Episode We Cover: The BEST real estate tips, tricks, hacks, and advice from 2023 How to get your spouse on board with real estate investing Building your dream lifestyle through the power of house hacking How to replace your W2 income with rental properties The ?open house? hack for estimating rehab costs Squeezing more money from your current portfolio How to attract the right investing partner (hint: find the deal first!) How to get EASY cash flow through rental arbitrage Scoring fully-funded vacations by using business credit cards How to complete home renovation projects remotely And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the ?Real Estate Rookie? Podcast How to ?Layer? Legal Protection So Lawsuits Won?t Touch Your Wealth Rookie Reply: Do You NEED an LLC for Rental Property? 6 Rental Properties in Just 15 Months (While Working 3 Jobs!) Rookie to Real Estate Investor in 90 Days: Meet the Mentees The Perfect First Rental Property That Makes $2,500 Per Month! From $40K Debt to 4 Rental Units (Using ZERO of His Own Money!) $6,500/Month from ONE Rental (While Traveling the World!) When Cash Flow ISN?T Crucial and 3 Creative Financing Tips to Try $11,000/Month with a VERY Unique Rental Property Cash-Flowing While in a Coma!? All Thanks to Self-Storage Escaping the ?Grind? with Van Life and 3 Rental Properties 7 Real Estate Deals in 2 Years (4 Rentals with MEGA Cash Flow!) Making $100K in 18 Months w/ ?Misfit? Medium-Term Rental Properties Real Estate ?Travel Hacks? We Use to Score FREE Vacations The Rookie Blueprint for Money-Making Home Renovation Projects Check the full show notes here: https://www.biggerpockets.com/blog/rookie-351 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to know how to start an LLC for real estate? Whether you?re looking to form investing partnerships or avoid being sued, creating an LLC is one way to protect your personal name and assets. With that said, there are several factors to consider before setting one up! Welcome back to another Rookie Reply! Each week, our inbox is flooded with questions about LLCs, so we?re dedicating an entire episode to the topic! Tune in as Ashley and Tony share their own experiences with LLCs, their benefits, and issues you might encounter. You?ll learn about the requirements for LLCs, when to put multiple properties under one LLC, how to apply for bank financing, and how to take advantage of business credit cards! If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE). In This Episode We Cover: How to start an LLC for your real estate business Requirements you MUST meet to keep your LLC in ?good standing? How to apply for bank financing as an LLC (and prevent a deal from falling through!) The hidden mortgage clause you NEED to know about Alternative asset protection strategies to consider for your real estate business The biggest differences between an LLC and umbrella insurance And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the ?Real Estate Rookie? Podcast How to ?Layer? Legal Protection So Lawsuits Won?t Touch Your Wealth Rookie Reply: Do You NEED an LLC for Rental Property? Get Tips on Maximizing Business Credit Card Points: The Points Guy Aunt Kara Book Mentioned in the Show: Real Estate Partnerships by Ashley Kehr & Tony Robinson Check the full show notes here: https://www.biggerpockets.com/blog/rookie-350 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Do you lean into data when analyzing real estate deals? In a competitive market, ANY kind of advantage goes a long way towards helping you land better deals. And guess what? Harnessing the power of data is much easier than you think. Today?s guest delivers a handful of helpful tips, tricks, and tools that all rookie investors can use! Welcome back to the Real Estate Rookie podcast! Today, we?re joined by Ariel Herrera?data scientist by day and real estate investor by night. Five years ago, Ariel decided that real estate was going to be her path to financial freedom. Like any eager investor, she devoured as many articles, podcasts, videos, and books as she could get her hands on at the time. Once she realized that she could combine her love for data science with real estate, there was no looking back! In this episode, Ariel shares about the competitive edge you can gain by being a data-driven real estate investor. She recommends several tools and systems, all of which are easy to implement and require ZERO coding. Additionally, you?ll learn how to choose your market, invest out-of-state, and save a ton of time with a few deal analysis shortcuts! In This Episode We Cover: How to find better real estate deals through the power of data science Tools and systems you can use to analyze deals (WITHOUT any coding!) Leveraging the equity in your portfolio to purchase MORE properties Creating consistent cash flow with the house hacking strategy How to find and purchase properties in other states (and countries!) And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the ?Real Estate Rookie? Podcast Financially Free in 2.5 Years by Buying ?Low Risk? Rental Properties Tools Mentioned in This Episode: ChatGPT Apify Google Bard Browse AI Zapier Redfin Books Mentioned in the Show: Long-Distance Real Estate Investing by David Greene Connect with Ariel: Ariel's BiggerPockets Profile Ariel's Website Check the full show notes here: https://www.biggerpockets.com/blog/rookie-349 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Ready to grow your real estate business in 2024? With another year in the rearview, it?s time to start dreaming of what your business could become in the next twelve months. Whatever success looks like to you, it starts with careful planning! Welcome back to the Real Estate Rookie podcast! Today, Ashley and Tony are taking some time to reflect on the past year. As you?d imagine, there have been all kinds of challenges faced, mistakes made, and lessons learned. But there have been plenty of HUGE wins, too! Tony talks about how he spent much of 2023 ending a partnership and restructuring his entire business. Meanwhile, Ashley shares how she launched her own property management company and implemented new systems to make her life easier!   Whether you?re planning to buy your first rental property in 2024 or setting new goals for your business, this episode is loaded with tips to help you take the next step in your real estate journey. You?ll learn how to create an organizational chart, hire your first employee, finetune your business?s standard operating procedures (SOPs), and more! In This Episode We Cover: Setting goals and how to take your real estate business to the next level in 2024 How Tony ended a long-term partnership and rebuilt his entire business How Ashley launched her very own property management company Why you NEED an organizational chart for your real estate business How to find, hire, and onboard a virtual assistant for your business Systems, processes, and tools to help you manage your entire team And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the ?Real Estate Rookie? Podcast How to Work LESS and Earn MORE by Putting ?Profit First? in Real Estate How to Build Effective Systems in Your Real Estate Business Books Mentioned in the Show: Real Estate Partnerships by Ashley Kehr & Tony Robinson The E-Myth Revisited by Michael Gerber Clockwork by Mike Michalowicz Traction by Gino Wickman Buy Back Your Time by Dan Martell Check the full show notes here: https://www.biggerpockets.com/blog/rookie-348 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Is it your dream to quit your W2 job and pursue real estate investing full-time? Unfortunately, the transition from working for someone else to becoming your own boss doesn?t happen overnight. As you?re about to learn from today?s guest, there are several factors you MUST consider before handing in your two-week notice!   Welcome back to the Real Estate Rookie podcast! Today, we?re chatting with Matt Marcelissen, an HR consultant by day and investor by night. In only a few years, Matt has built a real estate portfolio of four properties and eleven doors. Now, he finds himself at a crossroads. Should he quit his corporate job to focus on real estate? On one hand, Matt?s six-figure salary provides a sense of financial security and allows him to save money for more real estate. On the other hand, Matt commits most of his time and energy to his W2 job during the day?leaving him too mentally and physically exhausted to work on his real estate business.   In this episode, Ashley and Tony offer some invaluable advice to not only Matt but also any rookie investor who might be considering a full-time career in real estate. Whether it?s sticking with your W2 job, dialing back to part-time, or creating multiple streams of income, there are all kinds of ways to make real estate work for you. Stay tuned to find the BEST option for you! In This Episode We Cover When to quit your W2 job to focus on your real estate business Reducing your monthly expenses to free up more money for real estate How to avoid lifestyle creep with a high-income W2 job Why you NEED to hire a virtual assistant for your real estate business Costly mistakes to avoid on home renovation projects Landing MORE deals by submitting backup offers on properties And So Much More! Check the full show notes here: https://www.biggerpockets.com/blog/rookie-347 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Multifamily real estate investing can be scary to a new investor. After all, buying more units requires more money, more resources, and a larger team. But today?s guest is here to show you that multifamily investing is not nearly as intimidating as it may seem and why NOW is the perfect time to get started! Welcome back to the Real Estate Rookie podcast! In this episode, Andrew Cushman delivers a masterclass in multifamily real estate. Andrew got his start flipping houses for profit, only to find that he was missing out on the consistent cash flow and long-term appreciation of buy and hold properties. So, he dived headfirst into the world of multifamily investing. Today, he shares how he landed his first multifamily deal?the good, the bad, and the ugly. If you?ve ever considered buying multifamily properties, Andrew explains why you should start now. He also offers some essential tips for investing in today?s market and provides a wealth of resources to help you define your perfect buy box. Finally, you?re going to need the right people around you to tackle multifamily real estate. Andrew shows you how to build your team and how to pitch a long-term buy and hold property to potential investors! In This Episode We Cover: Why NOW is the perfect time to start investing in multifamily real estate Three ways to fund your first multifamily deal (with other people?s money!) Multifamily deal analysis and tips for buying in today?s market The two CRITICAL deal analysis mistakes that investors make How to assemble a high-performing team for your multifamily business And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the ?Real Estate Rookie? Podcast Grab Your Copy of David Greene?s Book, ?Long-Distance Real Estate Investing? Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Deal w/ Andrew Cushman The 8 Steps That Will Stop You From Getting Burnt on Multifamily Deals w/ Andrew Cushman Why Self-Storage Beats Rental Properties w/ AJ Osborne Resources to Help You Build Your Buy Box: JCHS ESRI FEMA BLS Rich Blocks Poor Blocks Bright Investor Neighborhood Scout Connect with Andrew: Andrew's BiggerPockets Profile Andrew's LinkedIn Vantage Point Acquisitions   Check the full show notes here: https://www.biggerpockets.com/blog/rookie-346 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Taking down a $6.5 million real estate deal might seem like an unlikely feat for a rookie investor, but it?s not if you use other people?s money. When today?s guest had a large portfolio of multifamily properties fall into his lap, he exhausted all of his resources to bring it home?dodging multiple curveballs along the way! In this episode of the Real Estate Rookie podcast, we?re diving into the world of syndication with investor Andrew Freed. Real estate syndications can be a great way to build a real estate portfolio without using much of your own money, but this investing strategy also requires careful planning and coordination. The biggest challenge for most investors? Raising capital. And that was certainly the case for Andrew, who only managed to scrounge up the funds he needed during the eleventh hour. While you may not plan on tackling a multimillion-dollar syndication deal any time soon, there are several important lessons that every rookie investor can take away from Andrew?s latest deal. In this episode, you?ll learn how to find the BEST deals through local real estate meetups, how to raise a TON of capital by leveraging your own network, and how to bring a deal to potential investors! In This Episode We Cover: How to build a large real estate portfolio using other people?s money Finding RARE deals by attending your local real estate meetups Leveraging your network to raise capital for syndications The best ways to present a syndication deal to potential investors How to negotiate financing terms on a large commercial loan And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the ?Real Estate Rookie? Podcast Grab Your Copy of ?Real Estate Partnerships? 24 Units in 2 Years by Making Your Rentals Match the Market w/ Andrew Freed Use the BiggerPockets Glossary to Learn Key Real Estate Terms Learn More About Tony?s Latest Syndication Deal Get Your Syndication Questions Answered by SEC Attorney Bethany LaFlam Connect with Andrew: Andrew's BiggerPockets Profile Andrew's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/rookie-345 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

If you?re looking to build wealth through real estate or start your own business, there?s one crucial skill you may be overlooking?learning! The faster you can learn, the faster you can earn. So, how do you optimize your most powerful tool?the brain? Today, we?ve got one of the world?s most well-known brain experts on deck to help! Welcome back to the Real Estate Rookie podcast! In this episode, we?re picking the brain of Jim Kwik?a New York Times best-selling author and coach who has worked with the likes of Nike, Google, and other global brands over the last 30 years. After being dubbed ?the boy with the broken brain? due to traumatic head injuries he sustained in early childhood, Jim developed strategies that allowed him to overcome these limiting beliefs and rise to the top of his class. Today, he teaches these same strategies to people who want to learn faster and improve their memory. This episode is brimming with transformative tips that anyone can apply. Jim offers a three-step formula you can use to STOP procrastinating and discusses the power of a positive peer group. He also talks about managing risk when stepping into the world of real estate investing and equips rookies with ways to combat high stress levels. Finally, he shares the ?superpower? you need to fast-track your personal development! In This Episode We Cover: Optimizing your brain to build wealth through real estate faster The simple, three-step formula you need to STOP procrastinating The power of a positive peer group (and how to build your circle of influence) The ?superpower? you need to accelerate your personal development How to manage risk and handle stress as a new real estate investor The ?lies? that STOP you from succeeding in real estate (and how to combat them!) And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the ?Real Estate Rookie? Podcast How Can You Achieve a Mindset for Investing Success? 7 Mindsets to Help You Grow Your Real Estate Business Discover Your ?Brain Animal? Book Mentioned in the Show Limitless Expanded by Jim Kwik Connect with Jim: Jim's Instagram Jim's Podcast Jim's TikTok Jim's X/Twitter Check the full show notes here: https://www.biggerpockets.com/blog/rookie-344 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to learn how to quit your job with real estate? Many people think you need to replace your entire salary with rentals, but that?s not the case. What if you could earn enough passive income from real estate and supplement it with ?passionate? income from something you truly LOVE? Today?s guest will show you how!   Welcome back to the Real Estate Rookie podcast! In this episode, we?re sitting down with entrepreneur, podcaster, and real estate investor Brian Luebben. After grinding his way to the top of his sales job at a Fortune 500 company, Brian had seemingly reached the mountaintop. And that?s when he caught the real estate bug. Leaving his comfy six-figure salary behind, Brian bought two properties and house-hacked his way to dependable monthly cash flow. Most importantly, this allowed him the time to focus on something he was passionate about?podcasting!   If Brian?s story sounds like a walk in the park, make no mistake?his journey to financial freedom has been far from perfect. After multiple panic attacks, FOUR floods, and a seventeen thousand dollar rehab, Brian considered returning to the ?safety? of his W2 job. But, thanks to the power of community, he was encouraged to keep going. Buckle up as Brian, Tony, and Ashley show you how to beat analysis paralysis, choose an investing strategy, buy your first property, and more! In This Episode We Cover How to quit your W2 job with real estate (and what to do with the extra time!) Netting thousands in monthly cash flow using the co-living strategy The three ?levels? of passive income you can achieve through real estate Passive income and ?passionate? income (and how to use one to fuel the other!) How to choose the IDEAL real estate investing strategy for you Why tenant screenings are SO important with your first rental property And So Much More! Check the full show notes here: https://www.biggerpockets.com/blog/rookie-343 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Need flexible funding for your deals? Private money could be the answer. Whether you?re looking to dodge the bank or want greater control over the terms of your deal, that?s exactly what this creative finance option can provide. Our hosts can vouch for it! Welcome back to the Real Estate Rookie podcast! Today, we?re taking a deep dive into private money?the creative finance solution that allows you to fund more deals without huge down payments or stellar credit. Tony and Ashley share how they discovered private money and why it?s their go-to financing option today. If you?re looking to borrow funds, our hosts will show you how to find private money lenders, how to structure your private loans to benefit both parties, and why this financing solution is the PERFECT stepping stone for a future investing partnership. In this episode, you?ll also learn about the three essential documents for all private money loans, as well as how to approach your lender about structuring a deal. But that?s not all?this masterclass is for the private money lenders, too! Tony and Ashley discuss ways to protect yourself in a deal and how to ensure that you get your money back. Finally, you?ll learn when not to lend private money! In This Episode We Cover: How to get 100% financing for your deals using private money The differences between traditional bank financing, hard money, and private money How to find a private money lender for your next real estate deal The three documents you NEED for any private money partnership The best ways to protect yourself when lending money Crucial tax advice for those using private money for their deals And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the ?Real Estate Rookie? Podcast Private Capital Explained: The 4-Second Pitch to Unlock Unlimited Funds (Part 1) w/ Amy Mahjoory Private Money Explained: 5 Simple Ways to Find Private Money (Part 2) w/ Amy Mahjoory Private Money Explained Part 3: The ?Credibility Pieces? Lenders Love to See w/ Amy Mahjoory & Josiah Hein Private Money Explained Part 4: Rates, Returns, and Protecting Investors w/ Amy Mahjoory How to Buy a Rental Property with NO Money OR Credit w/ Pace Morby Making $71K on ONE DEAL After 5 Failed House Flips and Six-Figure Debt w/ JP Desmet Generate Your Own Loan Amortization Schedule: Bankrate EZ Financial Calculators App Books Mentioned in the Show Real Estate Partnerships by Ashley Kehr & Tony Robinson Check the full show notes here: https://www.biggerpockets.com/blog/rookie-342 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Saving for your first rental property can take a while, but adding side hustle income could help you stockpile enough cash to buy much sooner. Today?s guest discovered the PERFECT side hustle to pair with his W2 income?allowing him to fast-track his savings and close on his first two investment properties in no time! Welcome back to the Real Estate Rookie podcast! Today, we?re joined by Dan McDonald, an investor who house hacks to help cover his mortgage in an expensive market. Dan?s goal? To reach financial freedom by the age of forty. And, with two newly renovated duplexes that should not only cash flow but also appreciate in value, he?s well on his way to achieving that lofty goal! If you don?t quite have enough cash to invest in real estate, don't worry?Dan, Ashley, and Tony are here to offer some timely advice on how to increase your income with side hustles. You?ll also learn how to get started with house hacking (and how to convince your spouse that it?s the right move). Stay tuned until the very end to hear Dan?s top house hacking tips that ALL rookies must know! In This Episode We Cover: The fast-cash side hustle that can help you buy your first rental How to get your spouse on board with real estate (and house hacking!) The ?easiest? real estate investing strategy that ALL rookies should know Essential tips and tricks for first-time house hackers Appreciation versus cash flow (and which one YOU should target!) When to offer MORE than the asking price on a property And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the ?Real Estate Rookie? Podcast Financially Free in 2.5 Years by Buying ?Low Risk? Rental Properties w/ Craig Curelop No Money for Real Estate? 2 Side Hustles You Can Use to Fund Your First Deal Making $8K/Month from 2 Doors and How to Get HUGE Cash Flow with Fewer Units Books Mentioned in the Show Real Estate Partnerships by Ashley Kehr & Tony Robinson The House Hacking Strategy by Craig Curelop Connect with Dan: Dan's BiggerPockets Profile Dan's Instagram Dan's Website Check the full show notes here: https://www.biggerpockets.com/blog/rookie-341 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Self-storage investing saved AJ Osborne?s life. After sudden paralysis and being left in a coma, AJ was fired from his job. He couldn?t work, walk, breathe, or do anything without assistance. Strapped to a hospital bed, with only the ability to blink ?yes? or ?no? to the doctors, AJ didn?t have to worry about bills getting paid or whether his kids would have a happy Christmas?self-storage took care of his finances while he miraculously recovered.  For this reason and many others, self-storage may be the best real estate investment on the planet. But you?ve probably never considered it or looked into buying a facility. For less money, self-storage facilities produce more cash flow, less headache, and significantly lower risk than rentals. Even better? There are no clogged toilets or broken refrigerators. Just four walls and a metal door?that?s the entire investment. In today?s show, you?ll be brought to the light side, seeing how self-storage, a traditionally unsexy asset class, beats rental properties in almost every way imaginable, plus how this asset was able to save AJ?s life and financial future. AJ even explains why now may be the BEST time to get into self-storage. In This Episode We Cover: AJ?s unbelievable story from paralysis to comatose to walking and making millions  How to make progress in your life or business during times of severe physical or mental pain The ?greatest thing? that ever happened to AJ that made him a success Why self-storage facilities beat rental properties in almost every way imaginable AJ?s self-storage playbook and how he finds the best facilities to buy  Investing in 2023/2024 and why now may be the PERFECT time to buy a facility Why self-storage makes the perfect ?recession-resistant? asset And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the ?Real Estate Rookie? Podcast 18 Deals in 2 Years AND a Full Time Job with Kevin Christianson How to Buy a Foreclosed Home: Guide for Finding Deals BEFORE You Buy: How to Know Your Market (and Property) Will Make It in 2023 Check Property Liens with PropStream BrightInvestor NeighborhoodScout Check the full show notes here: https://www.biggerpockets.com/blog/rookie-340 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to build your rental portfolio faster? Then the BRRRR method is about to become your best friend. BRRRR (buy, rehab, rent, refinance, repeat) allows you to take one investment property and turn it into MANY, all while using the same stack of cash you started with on the first property. This means you can ?infinitely invest? with the same money over and over and over again! But how do you pull off a BRRRR in today?s tough housing market? We?ve got Sir BRRRR himself, David Greene, on the show to teach you what BRRRR is, how to find BRRRR deals, how to analyze your first BRRRR, and how to recycle your investment so you reach financial freedom in years, NOT decades. Whether you?re searching for your first BRRRR deal or rehabbing your fifth, you?ll want to hear David?s latest tips and tricks for all BRRRR investors. Don?t miss out! Unlock UNLIMITED usage of the BRRRR calculator, get lawyer-approved lease agreements for your state, and find financial freedom FASTER with BiggerPockets Pro! Click here to sign up and use code ?REPEAT20? to get 20% off your annual membership AND a $2,000 value in bonuses!  The BRRRR method explained and how to use it to infinitely invest  How to get PAID to buy cash-flowing rental properties (seriously!)  Using BRRRR in 2024 and whether or not it works in today?s market  How to analyze a BRRRR deal from start to finish  Whether BRRRR is the right strategy for you  The pitfalls of BRRRR you MUST look out for when doing your first deal And So Much More! Check the full show notes here: https://www.biggerpockets.com/blog/rookie-339 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Finding an investment property in preforeclosure can feel like uncovering a diamond in the rough, as the seller may be more motivated to get a deal done faster and for less. However, there?s one crucial thing you should be aware of BEFORE you take action on your end. Hint: you could pay a few extra costs to score a RARE deal! Welcome back to another Rookie Reply! In this episode, Ashley and Tony talk about buying properties in preforeclosure?including when it makes sense to buy a property ?subject to.? They also go over the most important data points to analyze when choosing your market, as well as how to avoid jumping the gun when listing a new property for rent. Finally, home renovation projects can be tricky when you?re an out-of-state investor. Our hosts share how they purchase materials, as well as their go-to investing hack that will save you a fortune! If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE). In This Episode We Cover: What you MUST know before buying a property in preforeclosure When it makes sense to buy a property subject to (and pay the extra costs!) Critical data points you MUST include in your market analysis How to buy materials for home renovation projects when investing out-of-state How to list your investment property for rent (and pitfalls to avoid!) The investing hack that will save you a TON of money on materials And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the ?Real Estate Rookie? Podcast 18 Deals in 2 Years AND a Full Time Job with Kevin Christianson How to Buy a Foreclosed Home: Guide for Finding Deals BEFORE You Buy: How to Know Your Market (and Property) Will Make It in 2023 Check Property Liens with PropStream BrightInvestor NeighborhoodScout Check the full show notes here: https://www.biggerpockets.com/blog/rookie-338 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Raking in twelve thousand dollars each month from only four rentals might seem like pie in the sky, but that?s the power of investing (and reinvesting!) in short-term rentals. Find the right market and property, and you can charge a premium for an unforgettable guest experience! Welcome back to the Real Estate Rookie podcast! Today, we?re chatting with Zoey Berghoff, an investor who earns a significant amount of income from a small real estate portfolio. While other investors might use their profits to buy more properties, Zoey bucks conventional wisdom by reinvesting those profits back into her rentals?a move that has not only boosted her booking numbers but also allowed her to charge more for her unique stays. But that?s not all Zoey is doing to maximize her profits. By ?land hacking,? she creates multiple income streams on one property while keeping her rental property expenses down. What does it take to succeed in the short-term rental space? Stick around and find out! In addition to maximizing Airbnb profits, Zoey talks about how to approach new builds?from assembling the right team for the job to getting your county on board. Finally, she highlights the importance of setting reasonable expectations for your Airbnb guests?even if it means narrowing your pool of potential guests! In This Episode We Cover: The power of reinvesting your profits back into your real estate portfolio Lowering your overhead costs through land hacking How to assemble the ideal team for your short-term rental build Getting your county to sign off on your new build or home renovation project How to analyze a unique rental property (when there are no comps!) Creating a unique guest experience that makes your rental stand out Things you MUST include in your short-term rental description And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the ?Real Estate Rookie? Podcast 10 Income Streams on 1 Property by ?Land Hacking? w/ Andrew Kai Achieving FI with Fewer Doors: The Small and Mighty Real Estate Portfolio w/ Chad Carson $11,000/Month with One VERY Unique Rental Property w/ Garrett Brown Connect with Zoey: Zoey's Instagram Zoey's Website Check the full show notes here: https://www.biggerpockets.com/blog/rookie-337 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

What is ARV in real estate? You?ve heard the term before but might not know what it means. ARV stands for after repair value, the value of a property AFTER you rehab, renovate, or upgrade it. While this metric may seem like something that only house flippers should care about, ARV is something that ANY rental property investor should pay close attention to because if you get it wrong, you could lose tens of thousands of dollars. In this Rookie Reply, we?ll show you how to estimate ARV and what common mistakes rookies make when calculating this crucial number. Then we answer how to write off repairs vs. CapEx (capital expenditures) on your taxes, and Ashley?s easy answer when you don?t know the difference between the two! Plus, why you should ALWAYS check your breakers when something goes wrong. If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE). In This Episode We Cover: ARV (after repair value) explained and why it?s so useful when buying rental property How to estimate ARV and pull comps from nearby sold properties Rookie mistake you might make when estimating ARV and how to know your calculations are correct When ARV is (and isn?t) important, plus, why purchase price isn?t everything CapEx (capital expenditures) vs. repairs and how to write these common expenses off Why Ashley can?t ever just relax on the weekends And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the ?Real Estate Rookie? Podcast Hear Our Recent Episode with Pace Morby EZ Calculator Invelo LandGlide onX Hunt Privy PropStream Zillow Follow Grant Warrington, the Apartment Investor Expert, on Instagram Books Mentioned in the Show: Real Estate Rookie by Ashley Kehr & Tony Robinson Check the full show notes here: https://www.biggerpockets.com/blog/rookie-336 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Buying eight rental units in under one year?how is that even possible? By the time you?re done with this episode, you?ll know how to fund any rental property purchase, no matter how much money or experience you have. And if Tim Yu can build a rental property portfolio AND do multiple house flips in less than twelve months when he had close to nothing in his bank account this time last year, you can, too. Tim is a true Real Estate Rookie. He spent over a year listening to every episode of the show on his way to and from work. After getting fed up with analysis paralysis, Tim threw in a lowball offer on a potential BRRRR (buy, rehab, rent, refinance, repeat) property. His offer was accepted! The problem? He had NO money to buy it. Fast forward a year; Tim has done ten deals, owns eight rental units, and is getting closer to leaving his W2 job. In this episode, Tim reviews EVERY (and we mean EVERY) type of rental property financing. From hard money loans to credit cards, selling off retirement accounts, and partnerships. Whether you?ve got the funds or not, Tim will walk through EXACTLY how to get your first (or next) rental property! In This Episode We Cover: Rental property financing 101 and how to invest in real estate with no money Creative financing, subject to, and doing deals WITHOUT using banks  How to instantly boost the cash flow on your long-term rental property Investing with partners and where to meet the most legit ones Crooked contractors and how to avoid getting scammed on your first rehab  And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the ?Real Estate Rookie? Podcast Real Estate Rookie Podcast 329 on VA Loans Real Estate Rookie Podcast 330 with Serena Norris Invelo REIPro Privy RentRedi Books Mentioned in the Show: Real Estate Partnerships by Ashley Kher & Tony Robinson Rich Dad Poor Dad by Robert Kiyosaki Who Not How by Dan Sullivan Connect with Tim: Tim's BiggerPockets Profile Tim's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/rookie-335 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

If a potential tenant approaches you about Airbnb rental arbitrage, you may wonder if there?s a catch. Are you responsible for damages? What if you encounter a noisy guest? As a landlord, there are all kinds of pros and cons you need to consider before letting someone else lease out your home. But, not to worry?our hosts are here to spell them out! Welcome back to the Real Estate Rookie podcast! In this episode, Ashley and Tony deliver some critical advice to landlords. In addition to rental arbitrage, they discuss non-renewal notices?when and how to deliver them! For first-time investors, they also provide a step-by-step process for creating an offer letter. What?s more, they break down the biggest differences between hard money loans and construction loans and which one is the better option for a BRRRR (buy, rehab, rent, refinance, repeat). Finally, they touch on structuring partnerships and all of the details you MUST flesh out before making one official! If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE). In This Episode We Cover: The pros and cons of allowing Airbnb rental arbitrage in your units How to deliver a non-renewal notice to a tenant (properly and legally!) How to make an offer on an investment property (step by step!) Key differences between hard money loans and construction loans The BEST ways to structure a real estate investing partnership And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Grab Your Copy of ?Real Estate Partnerships? Today Rookie Reply: How to Structure a Real Estate Partnership Rookie Reply: Airbnb Arbitrage, Turnkey Rentals, and When to Use a HELOC Rookie Reply: How to Make an Offer on a House (Even If It?s Off-Market) How to Find Your Perfect First Rental Property (Even in an Expensive Area) w/Lyrva Sanchez How to Use Construction Loans to Get 100% Financing on Your Next Deal Check the full show notes here: https://www.biggerpockets.com/blog/rookie-334 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Your real estate business has come across a little money. Maybe you?ve just sold an investment property for a large profit or increased your W2 income. In any case, how should you go about investing your small fortune? Like any investor, you want your money to help you scale your real estate business faster. Today?s guest is here to lend a hand! Welcome back to the Real Estate Rookie podcast! Usually, Ashley and Tony are the ones asking the questions, but in this very special episode, THEY are being interviewed by rookie investor Kevin Cullen. On the brink of selling one of his three investment properties, Kevin has a handful of burning questions for our hosts. How should he spend his newfound capital? Should he get a partner for his next deal? What are the best ways to structure his first partnership? In this episode, Kevin hits on several important topics that rookies often wonder about. Stick around for the biggest ?red flags? to look out for in a potential investing partner, key terms to include in a partnership agreement, and when to get an attorney involved as you?re forming your partnership. You?ll even learn how to reinvest your money into real estate and three ways to find off-market properties! In This Episode We Cover: How to reinvest your money and scale your real estate portfolio faster The best ways to structure your first real estate investing partnership Roles and responsibilities you MUST include in your partnership agreement How to restructure an existing partnership agreement The biggest ?red flags? to look out for when vetting a potential partner Finding the best off-market deals with three clever sourcing strategies And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Grab Your Copy of ?Real Estate Partnerships? Today Double Your Cash Flow Overnight (In ANY Market) with Medium-Term Rentals Using OnlyFans to Fund Ownership in Her First BRRRR w/ Brin Amberlee Achieving FI with Fewer Doors: The Small and Mighty Real Estate Portfolio w/ Chad Carson A Step-by-Step Guide to Finding the BEST Off-Market Real Estate Deals w/ Nate Robbins Connect with Kevin: Kevin's BiggerPockets Profile Kevin's Instagram   Check the full show notes here: https://www.biggerpockets.com/blog/rookie-333 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

First rental property? Security deposits, credit checks, and home renovations can seem DAUNTING when it?s your first real estate rodeo. How much do you charge, which tenant do you select, and will refreshing the grout allow you to double your passive income? These are just some of the questions you?ll have before you collect your first rent check. But don?t worry about answering them yourselves; we have the experts to help! Welcome to this week?s Rookie Reply! If you?re just starting your real estate investing journey, this is the place to be! Ashley and Tony go through some VERY common questions, such as what to do if your tenant terminates their lease early, how much to charge for security deposits, and how to run your first credit/background check. For those who are a bit more experienced in the investing game, we also chat about HELOCs, rental renovations (and if they?re worth the cost), and moving properties into an LLC. If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE). In This Episode We Cover: What to do when your tenant leaves in the middle of their lease  Using a HELOC to buy a new home and what happens when you move Security and pet deposits, plus how much you can charge for each Best tenant screening and background check software for rookie landlords Moving properties into an LLC and whether you REALLY need an attorney to do so Rental renovations and when your upgrade ISN?T worth the cost And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Hear About Tyler Madden?s HELOC Investing The Landlord?s Guide to Rental Property Security Deposits AppFolio Avail.co Buildium RentRedi.com TenantReports.com Check the full show notes here: https://www.biggerpockets.com/blog/rookie-332 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Your first rental property is the hardest; trust us on that. You go through SO many strategies, different markets, and emotions throughout the process. Most wannabe investors get fed up and quit before they can build any real wealth, but those with a strong reason behind their dreams of rental property ownership make it and seldom regret it. Lyrva Sanchez?s ?why? was taking care of her two boys while being present as a single mom. Shortly after her separation, Lyrva knew she didn?t want to sacrifice any quality of her children?s lives. She still wanted them to go to the best schools in the safest areas, but in Southern California, even the most basic property was pricey. She tried several strategies to get her first rental property and create extra income, but none cemented. One day, a light bulb went off, and she came up with the PERFECT first rental property strategy. If you?re struggling with analysis paralysis and don?t know which way to turn in your investing journey, hear Lyrva out. She flew across the country just to realize what she wanted was in her own backyard. Now, she makes life-changing side income and doesn?t have to sacrifice time with her kids to get it! In This Episode We Cover: The perfect first rental property strategy that Lyrva calls ?the best of both? way to invest Out-of-state investing and when purchasing properties from afar is NOT the right move to make  Investing during tough times in your life and using your ?why? to keep hunting for property #1 ADU (accessory dwelling unit) investments and how to turn extra space into a serious stream of income  How to find underpriced, off-market real estate deals as a COMPLETE beginner And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question The 6-Step Guide to Buying Your FIRST Rental Property Book Mentioned in the Show Real Estate Partnerships by Ashley Kehr and Tony Robinson Connect with Lyrva: Lyrva's Facebook Lyrva's Instagram Lyrva's Website Check the full show notes here: https://www.biggerpockets.com/blog/rookie-331 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

When done well, home renovations can help you make a SERIOUS profit on your properties. Whether it?s a simple fix or a complex rehab, having a few systems and processes in place will go a long way toward ensuring your success. The best part? Any rookie can implement them! Welcome back to the Real Estate Rookie podcast! Today, we?re chatting with graphic designer turned full-time investor, Serena Norris. After a friend introduced her to the book Rich Dad Poor Dad, real estate quickly became Serena?s new obsession. She quit her job to spend the following months networking and attending meetups until, naturally, she found a mentor to show her the ins and outs of investing. At first, she was willing to take on all kinds of mundane tasks and soak up as much information as possible. In no time, Serena was running her own BRRRRs (buy, rehab, rent, refinance, repeat)! Whether you need help convincing a mentor to invest in you or managing your own home renovation projects, Serena?s got you covered! In this episode, she delivers a thorough breakdown of how to estimate rehab costs and find a good contractor for your home renovations?as well as some of the invaluable systems, tools, and templates you?ll need along the way! If you?re EVER going to do a home renovation (which you probably will), DO NOT skip out on this! In This Episode We Cover: How to manage a home renovation project from start to finish Finding a real estate mentor (and how to provide value to them!) Systems, processes, and templates that EVERY rookie investor needs Building the perfect scope of work for your home renovation job Hiring the right contractor for your project (and how to make sure you?re covered!) Everything you need to complete a home renovation project remotely And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Submit Your Real Estate Rookie Question! The Step-by-Step Guide to Finding the BEST Off-Market Real Estate Deals w/Nate Robbins How to Work LESS and Earn MORE by Putting ?Profit First? in Real Estate w/Mike Michalowicz How to Renovate a House ? Step by Step Book Mentioned in the Show The Book on Estimating Rehab Costs by J Scott Rich Dad Poor Dad by Robert Kiyosaki Connect with Serena: Serena's Instagram Serena's Email Check the full show notes here: https://www.biggerpockets.com/blog/rookie-330 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Buying a rental property for just eighty bucks? There?s no way that?s possible. How can you close on a rental for the same amount of money it takes to fill up a tank of gas? Surprisingly, one type of mortgage lets you come to the closing table with no money down, no PMI (private mortgage insurance), and, if you play your cards right, (almost) no closing costs. Clint Campbell even used it on his recent house hack. Thanks to serving in the military, Clint had his college paid for by Uncle Sam. When the opportunity to be deployed came up, Clint took it, knowing he?d make more while spending less. He was able to save up a nice chunk of change and used it to buy a rushed first rental property. But then, Clint realized he could pay almost NOTHING for a home he would live in, so he looked around for just that, and the eighty-dollar house hack came to be! In today?s episode, you?ll learn all about the VA loan Clint used to pay just eighty dollars for his first house hack, the limitations to this loan that service members MUST know about, and how to turn your girlfriend into a handyman and tenant combo who still loves you. In This Episode We Cover: The VA loan explained and using it to buy a house for NO money down  Building your credit from scratch and quick tips to boost your credit score Why you MUST get pre-approved before buying a property (ALWAYS do this) Seller credits and using them to lower your closing costs  Partnering with a spouse or romantic partner on your next property Passive real estate investing and how to make money in real estate WITHOUT doing the work  And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Submit Your Real Estate Rookie Question! VA Loans: How Eligibility & Funding Works in 2023 How to Invest in Real Estate with No Money Down AnnualCreditReport.com AUNT KARA Credit Karma ThePointsGuy.com Book Mentioned in the Show Real Estate Partnership by Ashley Kehr & Tony Robinson Connect with Clint: Clint's TikTok Check the full show notes here: https://www.biggerpockets.com/blog/rookie-329 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

If you dream of becoming a successful real estate investor, there are three ?pillars? of wealth you must build in your own life. What are these keys to financial freedom? Well, fortunately, today?s guest has written an entire book about them! Welcome back to the Real Estate Rookie podcast! Today, we?re speaking with none other than David Greene?host of the BiggerPockets Real Estate podcast and author of SIX top real estate investing books?the latest of which is titled Pillars of Wealth. Far too often, rookie investors dive into the world of real estate without having mastered the three areas they need to succeed?making, saving, and investing their money. Then, they are gutted when real estate doesn?t work out for them. The truth is that the money habits you build today will follow you throughout life. Work hard, foster a healthy money mindset, and master one challenge before advancing to the next. This is the real path to financial freedom. In this episode, David shares his own experiences with money?including how he was able to steadily increase his income over time, save over $100K while in college, and find success as a real estate investor. You?ll learn about the true cost of financial freedom, how to play offense AND defense with your money, and why you MUST work the long game with real estate?prioritizing delayed gratification over immediate cash flow! In This Episode We Cover: Succeeding in real estate by building the three ?pillars? of wealth How to increase your income so that you can invest in real estate Why you NEED to measure and track your net worth, cash flow, and quality of life Building wealth by playing offense AND defense with your money Achieving financial freedom by choosing delayed gratification over quick cash flow And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Submit Your Real Estate Rookie Question! Tune in to the ?BiggerPockets Real Estate? Podcast Grab Another Wealth-Building Book from David Greene Calculate Your Net Worth, Assets, and Cash Flow with Stessa Book Mentioned in the Show Pillars of Wealth by David Greene Connect with David: David's BiggerPockets Profile David's Instagram David's Website Spartan League Check the full show notes here: https://www.biggerpockets.com/blog/rookie-328 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

In just a few years, you can go from no cash flow or investing experience to owning a sizable real estate portfolio, with passive income flowing in and free rent, EVEN if you?re in your early to mid twenties. Not possible? Today?s guest would beg to differ. Welcome back to the Real Estate Rookie podcast! Today, we?re chatting with investor Noah Sprimont, who has had quite the real estate journey to date. Noah became obsessed with the idea of reaching financial freedom through real estate while he and his now-fiancée were living with his parents. To fast-track his development, he not only immersed himself in BiggerPockets content but also took up several W2 jobs that would help him hone the skills he needed to become a successful investor. Laser-focused on making it in real estate, Noah dabbled in several real estate strategies before discovering the cash flow potential of short-term rentals. If a bumpy start to your real estate journey has caused you to feel discouraged, you?ll want to hear how Noah was able to tackle his own feelings of self-doubt and fear of the unknown in this episode. You?ll also learn which skills can help you prepare for real estate investing, how to find flexible financing options for your deals, and what every rookie investor can bring to a partnership?regardless of the number in your bank account! In This Episode We Cover What you MUST do to maximize your short-term rental cash flow Developing invaluable skills that will help you transition into a career in real estate Quitting your W2 to pursue full-time real estate investing Flexible financing options you can get through a smaller bank or credit union How to cover even the most unexpected home renovation costs Three essential tips that will make your next home renovation project a HUGE success And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Submit Your Real Estate Rookie Question! 2 Long-Distance Rentals with $0 Down with Tony Robinson How to Invest in Short Term Rentals (STR) Books Mentioned in the Show Real Estate Partnerships by Ashley Kehr & Tony Robinson Connect with Noah: Noah's BiggerPockets Profile Noah's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/rookie-327 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Finding off-market real estate deals can be a great way to kick off your investing career, as it requires very little money to get started. The catch? You must be willing to get your hands dirty. Welcome back to the Real Estate Rookie podcast! Today, we?re chatting with real estate wholesaler Nate Robbins. After a long and successful career in banking, Nate was beginning to feel burnt out and frustrated with life. As fate would have it, he ran into Tarl Yarber?one of the most successful real estate investors in the Pacific Northwest. Under Tarl?s mentorship, Nate learned the ropes of real estate investing. With his strong people skills, natural ability to communicate, and infectious personality, he was able to carve out a niche in acquisitions?where he has been able to close off-market deals at a massive profit. If you need real estate to be your escape rope from the monotony of your nine-to-five, this episode is for you! Nate talks about shedding the W2 mentality and how to find the best investing strategy for you. He also shares his step-by-step process for finding highly profitable off-market deals. Whether you?re a bubbly extrovert or a cautious introvert, Nate will equip you with practical tips on how to engage a seller and get your foot in the door! In This Episode We Cover: Finding the BEST off-market deals through the power of driving for dollars How to invest in real estate with little to no disposable income Choosing the ?risk? of real estate over the ?safety? of a nine-to-five job How to shed your W2 mentality when transitioning to a career in real estate The perfect cold-calling script to use when contacting an off-market seller Important steps to take when walking a distressed property And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Submit Your Real Estate Rookie Question! How to Wholesale Real Estate With No Money How Invelo Can Help You Find Off-Market Deals (No Experience Required!) Propstream Invelo Download The Driving for Dollars App to Find Off-Market Deals Today Books Mentioned in the Show Real Estate Partnerships by Ashley Kehr & Tony Robinson?: The Good Life by Robert Waldinger M.D. Connect with Nate: Nate's BiggerPockets Profile Nate's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/rookie-326 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

You can retire with rental properties faster than you think. That?s right, toss out the ?wait until I?m sixty-five and HOPE I have enough? mentality. That might be okay for most Americans, but it?s NOT okay for YOU. You want passive income flowing in so you can spend time with your family and friends and live a life you love. If you?re going to get there, you better take advice from Sam Dolciné. A few years ago, Sam calculated his retirement savings and realized he wasn?t even CLOSE to what he would need in retirement. Even after the monthly contributions and employer match, Sam would run out of retirement savings in only ten years of retirement. So, he started looking up ways to boost his retirement income. Real estate investing popped up, and Sam began devouring all the investing content he could. Now, he?s managing a portfolio of out-of-state rental properties that bring in some serious cash flow. The best part about Sam?s portfolio? It?s ?turnkey,? meaning Sam was able to buy the properties and immediately rent them out, giving him cash flow within WEEKS of closing on his first couple of deals. Now, Sam is on the hunt for even more passive income. Repeat his steps, and you could be counting cash flow, too! In This Episode We Cover: How to retire with rental properties and why ?turnkey? rentals might be your best bet Out-of-state real estate investing and whether cheaper markets are worth buying in How to find the perfect real estate market for your cash flow goals Self-management vs. property management and why Sam chose to do it himself The tenant and property ?red flags? you MUST look out for as a rookie Tools that Sam uses to run his real estate portfolio from multiple states away And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Submit Your Real Estate Rookie Question! Network with Other Investors On the BiggerPockets Forums Dave Meyer Blog Posts ?On the Market? Podcast Apartments.com Monday.com Rentometer Traveling the World Thanks to One $6,500/Month Rental Property w/Olivia Tati Book Mentioned in the Show Real Estate by the Numbers by J Scott & Dave Meyer Connect with Sam: Sam's BiggerPockets Profile Sam's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/rookie-325 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Creative financing can be a powerful tool to help you get YOUR first property in the bag. In this episode, Ashley and Tony explain the biggest differences between hard money, private money, and traditional lending, as well as which options will make your offer irresistible to a seller! Welcome back to another Rookie Reply! If you need capital for a new deal, you might consider partnering with a parent. Of course, like any investing partnership, it?s critical that you structure it properly and include all important terms in your agreement. Our hosts will show you how! They also cover cash-out refinancing in detail, including how it works and how much money you can pull from a property. Finally, they talk about using wasted space in your investment property to make more cash flow! Do you need to pull permits? Will you get caught if you don?t? Stick around ?till the end to find out! If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE). In This Episode We Cover: Using creative financing to make an offer more attractive to a seller The biggest pros and cons of traditional lending, hard money, and private money (and when to use which) Partnering with your parents and key terms to include in your agreement When to order an inspection before submitting an offer on a property Adding a new room in your home (and when you NEED to pull permits) How cash-out refinancing works and how much money you can pull out And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Submit Your Real Estate Rookie Question! Grab Your Copy of ?Real Estate Partnerships? and Use Code ?ASHLEY? or ?TONY? for a Discount What Is Creative Financing And How to Use It in Real Estate What Investors Should Know About the Home Inspection Process Follow Patrick and Danielle McGrath on Instagram Check the full show notes here: https://www.biggerpockets.com/blog/rookie-324 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Completing ten real estate deals in only eighteen months might seem ambitious for a rookie investor, but today?s guest had no choice after experiencing a MAJOR loss of income. In this episode of the Real Estate Rookie podcast, we?re chatting with fitness mentor, professional stuntman, and new investor Matt Ramirez. Between his thriving health business and steady television stunt work, Matt and his family were in a good place financially. Then 2020 hit. With stay-at-home orders and the film industry shutting down, Matt was suddenly making just twenty percent of his usual income. Providentially, he discovered BiggerPockets, caught the real estate bug, and was determined to make a career out of flipping houses. But, like many rookie investors, Matt still had some tough lessons to learn along the way! If financial hardship has thrown a wrench in your real estate journey, draw inspiration from Matt?s story. Despite struggling to get approved for financing early on and losing money on his third flip, Matt never gave up on his real estate dream. In this episode, he?ll show you how to find the best real estate deals, get financing with inconsistent income, and hire dependable contractors for your rehab projects! In This Episode We Cover: Scaling your real estate business FAST without a large income Finding great real estate deals by leveraging your network How to get a hard money loan as a first-time investor DIY home renovation projects you can tackle yourself The biggest red flags to look out for when hiring a contractor And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Submit Your Real Estate Rookie Question! DIY Real Estate Hacks That Will Save You a FORTUNE on Your Deals w/ Shaun Kelly Flipping Houses: How to Get Started and Everything You Should Know Get Information on Properties with PropStream Connect with Matt: Matt's BiggerPockets Profile Matt's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/rookie-323 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Your new Airbnb is set up and ready to go. You?re just finishing up the welcome gift and slipping in a bottle of wine as a pleasant surprise for your guest. Oops?you might have just put yourself in a BAD position. On this week?s Rookie Reply, Ashley and Tony are getting into the moral muddiness of including boozy gifts in your welcome package, how to account for your mortgage interest expense, and when you should (and shouldn?t) buy a property in an LLC. You?ve got the real estate questions; Ashley and Tony have the answers. But we?re not just debating whether your guests should crack a couple cold ones on your dime. We?ll also get into how to find past purchase prices for ANY home, a property tax breakdown with some tips to save you money, and the difference between appraised and assessed value. If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE). In This Episode We Cover: Real estate LLCs: when they?re worth it, when they?re not, and who should use them Mortgage interest write-offs and whether you should count your biggest monthly payment as an expense Welcome gifts and whether or not adding alcohol could cause you trouble Where to find past purchase prices for ANY property in your area How property taxes are determined and why you want your appraisals HIGH and your assessed values LOW And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Submit Your Real Estate Rookie Question! Calculate Your Interest Write-Off with The BiggerPockets Rental Property Calculator Do Landlords Need an LLC for Rental Property? Mortgage Interest Deductions 101: What You Should Know Look Up Past Property Prices: Invelo, & PropStream Check Out Unforgettable Stays with Dell Collective   Check the full show notes here: https://www.biggerpockets.com/blog/rookie-322 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

If your end goal is financial freedom, investing in real estate is one of the best ways to get there. But, if you want to reach that goal sooner rather than later, you may need to leverage several strategies at once. Today?s guests were able to fast-track their journey to financial freedom by doing just that! In this episode of the Real Estate Rookie podcast, we?re chatting with husband-and-wife real estate duo Joe and Andrea DelGrosso. Their investing journey started back in 2016 when they bought a single-family rental without knowing very much about real estate. Although they initially invested for some extra financial stability, their focus shifted in 2019. As they started tuning into BiggerPockets and educating themselves about real estate, they realized that there were ways to expedite their path to financial freedom?tapping into equity to turn tens of thousands into MILLIONS. Today, the DelGrossos have a modest portfolio of ten properties. Stick around as they share how they were able to create multiple revenue streams from a single property, as well as why they made the transition from long-term rentals to short-term rentals. For rookies who are still deciding on which real estate strategy to use, they touch on everything from 1031 exchanges to BRRRRs and more! In This Episode We Cover: Reaching financial freedom faster by combining multiple investing strategies How to create multiple streams of income from ONE property How to get your spouse on board with real estate investing Leveraging the equity in your properties to grow your portfolio FAST How to avoid capital gains taxes using a 1031 exchange And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Submit Your Real Estate Rookie Question! Hear Our Recent Interview with Mike Michalowicz Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments w/ Avery Carl Achieving FI with Fewer Doors: The Small and Mighty Real Estate Portfolio w/ Chad Carson Follow Lauren Mattina on Instagram Connect with Joe and Andrea: Joe's BiggerPockets Profile Joe and Andrea's Instagram   Check the full show notes here: https://www.biggerpockets.com/blog/rookie-321 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

We know what you want: more profit while working less in your real estate business. As a rookie, investing in real estate can sometimes seem like more trouble than it?s worth. But, a few simple adjustments can take HOURS off your plate while making you more money than you can imagine, as today?s special guest will demonstrate! Welcome back to the Real Estate Rookie podcast! In this episode, we?re joined by Mike Michalowicz?serial entrepreneur, business coach, and multi-time best-selling author. Today, we?re dialing in on two of Mike?s books?Profit First and Clockwork?and discussing how they can help YOU in real estate. If you feel like you?re treading water with your real estate business, this is an episode you need to hear! By turning the traditional profit formula on its head, Mike shows you how to rewire your brain and the way you think about profit. You?ll learn the importance of paying yourself first and building a buffer for the inevitable expenses you incur as a real estate investor. You?ll also learn about the first hire ALL business owners should make and how to free up more of your valuable time through the power of delegation. In This Episode We Cover: The importance of paying yourself first (flip the profit formula!) How to start delegating tasks you don?t need to be doing Determining a realistic amount to pay yourself from your property business The first hire EVERY real estate business owner MUST make Tools you NEED to effectively onboard a new virtual assistant Improving your business and freeing up time with ?captures? And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Submit Your Real Estate Rookie Question! Find Money, Partners, & Deals Using The ?D.A.D System? w/ Mike Michalowicz How to Guarantee Profit From Day 1 w/ Mike Michalowicz Grab Your Copy of ?Profit First? and ?Clockwork? Join Relay for Profit First Banking Grab Your Copy of ?Getting Things Done? Follow Andrea Cwik on Instagram Connect with Mike: The Entrepreneurship Elevated Podcast Mike?s Website Check the full show notes here: https://www.biggerpockets.com/blog/rookie-320 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Getting into real estate development with low money down!? Many rookies assume that you need more money to develop, but there are a variety of ways to fund these projects. It all depends on how creative you?re willing to get! Today?s guest learned quickly that you don?t need a huge pile of cash to start building your own properties. Welcome back to the Real Estate Rookie podcast! Today, we?re chatting with Terry Harris?a former professional basketball player turned real estate developer. When we last spoke with Terry, he was wholesaling real estate for a decent profit. Since then, he has transitioned into the development side of real estate and grown his business dramatically. Simply by bringing great land deals to developers and providing a valuable service, Terry was able to learn the ropes and gain enough knowledge to develop his own properties. Whether you have huge dreams of building city skylines or an end goal of owning a rental property or two, you?ll want to hear Terry?s story. In this episode, he talks about how to find the best land deals, creative ways to fund projects, and how to assemble a top-tier development team. He also touches on our favorite topic as of late, partnerships, and how to bring real value to another investor when you don?t have the capital! In This Episode We Cover: How to become a real estate developer (without a ton of money!) Funding your deals with construction loans (and paying less out of pocket!) How to seamlessly pivot from one real estate strategy to another Scaling your real estate business through the power of partnerships Ways to bring value to a partnership deal beyond capital How to assemble your DREAM team as a real estate developer And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Submit Your Real Estate Rookie Question! 20 Deals in a Year as a Professional Basketball Player w/ Terry Harris Grab Your Copy of ?Real Estate Partnerships? Get Information on Properties with PropStream Follow Lady Gina on Instagram Connect with Terry Terry's BiggerPockets Profile Terry's Instagram Terry's YouTube Check the full show notes here: https://www.biggerpockets.com/blog/rookie-319 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Don?t have the capital OR credit to invest? Seller financing is a powerful tool that could allow you to score multiple real estate deals without ever going through a bank. The best part? You can create your own terms! You just need to put together an effective pitch that wins the seller over. Today, we?ll show you how! Welcome to another Rookie Reply! In addition to seller financing, Ashley and Tony cover several CRUCIAL real estate topics in this episode?from critical first steps to take before investing to closing costs?who pays for what? Does paying cash make a difference? Stick around to find out! Off the back of their new book, Real Estate Partnerships, they also tackle a couple of partnership-related questions?when it makes sense to get a partner and how to structure an agreement where both sides are compensated! If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE). In This Episode We Cover: How to invest in real estate without capital OR credit How to effectively pitch seller financing (and KEY terms to include!) Three critical first steps to take before buying real estate Buyer and seller responsibilities when it comes to closing costs Accounting for sweat equity when setting up a partnership How to structure a partnership agreement where both sides are fairly compensated And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Submit Your Real Estate Rookie Question! Grab Your Copy of ?Real Estate Partnerships? and use code ?TONY or ?ASHLEY? for a Discount The Definitive Guide to Using Seller Financing to Buy Real Estate How to Buy a Rental Property with NO Money OR Credit Follow Artina Marie on Instagram Check the full show notes here: https://www.biggerpockets.com/blog/rookie-318 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Growing a real estate business with multiple rentals and HUGE cash flow?in just two years!? How do you get so many deals done in such little time? Simply by putting one foot in front of the other, today?s guest was able to create a sizable portfolio in no time?allowing her husband to quit his job in the process! Welcome back to the Real Estate Rookie podcast! Today, we?re chatting with Mackenzie Brogdon, a wife, mother, realtor, and investor who managed to lock up seven deals in just two years?with more in the works! With a general contractor for a father and a background in interior design, Mackenzie was bound for a career in real estate. But that didn?t make getting started any less intimidating. With concerns about house hacking as a new parent, she could have easily hit the ?pause? button. Instead, she plunged headfirst into her first deal?one that, despite having its fair share of headaches, opened the door for many more deals to come. Whether you?re a ?nervous Nellie? or an ?eager beaver,? this episode will teach you the importance of taking wise, deliberate action on your real estate journey. Join Mackenzie, Ashley, and Tony as they cover a variety of investing strategies?from house hacking and flipping to arbitrage and subject to deals. They also talk about why every investor should document their journey and how to find the perfect investing partner to complement your strengths! In This Episode We Cover How to get MORE deals done through subject to and other creative finance options Finding investing partners by leveraging your own skills Why you MUST document your real estate journey How to build your own network of subcontractors for home renovation projects The benefits of long-term rental arbitrage as a landlord Maximizing your cash flow with the sober living rental strategy The perks of getting your real estate license as an investor And So Much More! Check the full show notes here: https://www.biggerpockets.com/blog/rookie-317 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Your tenant is breaking their landlord tenant lease agreement. What now? Do you go after the money or eat the loss? Depending on the amount, it may not even be worth the trouble. Either way, perhaps the more important question to ask is, ?How can I prevent this from ever happening again?? Welcome back to another Rookie Reply! Broken leases are a pain to deal with, but in this episode, Ashley and Tony offer up the ?magic words? that could save you the headache. They also talk about partnerships and make the case for getting pre-approved separately. Rookie investors often feel like fish out of water when it comes to networking. Fortunately, our hosts have several helpful tips on how to bring real value to the table. They also go over property management fees and how to vet a property manager before hiring them. Finally, they discuss tax strategy versus tax preparation and why waiting until tax season to hire a CPA is the wrong move! If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE). In This Episode We Cover: What to do if a tenant breaks a lease (and the clause you MUST put in your lease agreement) The best way to get pre-approved for a loan when you?re in a partnership Two questions you MUST ask before hiring a CPA (certified public accountant) Different types of fee structures to consider before hiring a property manager Minimizing your taxes as much as possible as an investor How to bring value as a rookie investor and build your network And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Submit Your Real Estate Rookie Question! Grab Your Copy of ?Real Estate Partnerships? Today When It Comes to the Lease, Don?t Leave Any Wiggle Room Follow Gaby and Ciara on Instagram Check the full show notes here: https://www.biggerpockets.com/blog/rookie-316 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Going from house poor to earning HUGE cash flow and building a real estate empire? The journey to wealth through real estate was no walk in the park for today?s special guest. After figuring out that someone else would actually pay his mortgage for him, however, it became a whole lot easier! Welcome back to the Real Estate Rookie podcast! Today, we?re joined by none other than Rob (Robuilt) Abasolo?investor, YouTuber, and co-host of the BiggerPockets Real Estate podcast. Born to first-generation immigrants who worked tirelessly to provide him with a better life, Rob grew up knowing how to live below his means. Little did he know that this mindset would prove critical when he and his wife were stuck with a mortgage payment they couldn?t afford. It was at this time that Rob discovered house hacking and put the strategy to the test?with enormous success! Ultimately, this proof of concept would give him the courage to build and scale his very own real estate business. If you need to be reminded that investing in real estate is a viable path to financial freedom, look no further than this ultimate rags-to-riches story. As Rob reflects on his days as a rookie investor, he shares why it?s so important to document your journey, different ways to subsidize your mortgage, and how to get your spouse on board with your real estate obsession! In This Episode We Cover: Why you NEED to start documenting your real estate journey today Supplementing your income with creative side hustle ideas How to get your spouse on board with your real estate ventures Subsidizing your mortgage payment through house hacking and rental arbitrage Using proof of concept to scale your real estate business Money-saving DIY home renovation projects (and when to hire a pro instead!) And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Submit Your Real Estate Rookie Question! Listen to the "BiggerPockets Real Estate" Podcast Meet Rob at BPCon 2023 in Orlando 10 Deals on a $20K Waitress Salary With Ashley Hamilton Connect with Rob: Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter/X Rob's YouTube Join Rob at HostCon on October 28?30 in Houston, TX Check the full show notes here: https://www.biggerpockets.com/blog/rookie-315 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Are mortgage points really worth it? In many cases, they can save you money on a loan. But be careful; that lower rate might not be worth the cash you put up! It?s important to run the numbers before doing a mortgage buydown, and our trusted hosts are here to show you how! Welcome to this week?s Rookie Reply! In this episode, Ashley and Tony talk about mortgage points and when they make sense for real estate investors. They also discuss cash-out refinancing in depth?how much you can pull from a property, why banks enforce a ?seasoning period,? and how to potentially get around it! Looking to go digital with your rentals? Our experts list the pros and cons of installing keyless entry pads. Finally, they provide the FREE tools you can use to get updated property information! If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE). In This Episode We Cover: Mortgage points and why you MUST do the math before a buydown Seasoning periods and how long you might need to wait before refinancing How much cash you?re able to pull in a cash-out refinance How to choose between short-term and long-term rental strategies Pros and cons of installing keyless entry pads for your rentals FREE tools you can use to get accurate information about a property And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Submit Your Real Estate Rookie Question! Find Your Next Off-Market Deal, with Invelo Change Your Locks with Ease by Purchasing Core Inserts Follow Emma Kioko on Instagram Books Mentioned in This Episode Real Estate Partnerships by Ashley Kehr & Tony Robinson Check the full show notes here: https://www.biggerpockets.com/blog/rookie-314 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

No real estate investing journey is ever sunshine and rainbows, but some are certainly more difficult than others. Many rookie investors are either so fearful of making a mistake that they experience ?analysis paralysis? or are so eager to own property that they rush into several costly mistakes. Today?s guest fell into the latter camp! Welcome back to the Real Estate Rookie podcast! Today, we?re joined by Tyrin Tyson, a travel nurse who made his fair share of mistakes on the way to his first deal. After working tirelessly to save up extra cash for real estate, Ty hastily bought two properties at an auction. Come to find out, they weren?t exactly as advertised. To make matters worse, some bad advice led to a nightmare rehab project that went $20,000 over budget and took nearly two years to complete. If you want a realistic picture of the average real estate journey, this is an episode you won?t want to miss! Hear how Ty earned the capital to invest (including a fun side hustle!), weathered the storms of his first deal, and found a real estate community that pushed him to keep going when giving up seemed like the best option. In This Episode We Cover: Why you MUST have a game plan before buying real estate The two challenges you are likely to face without a real estate community How to find a mentor who will point you in the right direction The pros and cons of long-distance investing vs. staying in your market How to spot a nightmare renovation project when estimating rehab costs Creative side hustle ideas you can use to fund your real estate deals And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Submit Your Real Estate Rookie Question! Manage Your Rental Property with Stessa Books Mentioned in This Episode The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Hann & Matt MacFarland Real Estate Partnerships by Ashley Kehr & Tony Robinson The Cashflow Quadrant by Robert Kiyosaki Connect with Tyrin: Tyrin's YouTube Tyrin's Instagram Tyrin's LinkedIn Check the full show notes here: https://www.biggerpockets.com/blog/rookie-313 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

You recently submitted an offer on a house, but you haven?t heard back from the seller. Now what? As an eager rookie investor, the waiting game can be painful. You may already have an eye on other properties but need the capital to invest. Should you withdraw your original offer? Fortunately, Ashley and Tony have a few helpful tips to make your decision a little easier. Welcome back to another Rookie Reply! In this episode, our hosts tackle several important topics?including when to pull an offer on a house and whether you should create an LLC when buying your first property. They also discuss the biggest differences between single-family and multifamily real estate and which type of property is best for rookie investors to target. Finally, they talk about how to become a private money lender and the two important documents that should be in place before you lend a penny! If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE). In This Episode We Cover: Rescinding an offer on a house when you don?t hear from the seller Whether to buy a single-family or multifamily property for your first deal LLCs and whether you need one when buying your first property How to become a private money lender (and what you need to protect yourself!) The two documents that MUST be in place before lending money And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Submit Your Real Estate Rookie Question! Hear Our Full Episode on Real Estate Partnerships Grab Your Copy of ?Real Estate Partnerships? Today How to Protect Your Rental from Fires, Floods, Lawsuits, and Liability Follow Mindy Templeton on Instagram Check the full show notes here: https://www.biggerpockets.com/blog/rookie-312 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Some simple DIY investing hacks could save you thousands of dollars. But, as a rookie, the thought of tackling your own home renovation projects might be a little intimidating. Bringing sweat equity to a deal, however, can help you save a ton of money and even make you more valuable in a partnership. In this episode of the Real Estate Rookie podcast, we?re chatting with Shaun Kelly, whose road to real estate investing was anything but fast or easy. Shaun spent nine years in the analysis paralysis phase before he finally pulled the trigger on his first deal. Since then, he has built a portfolio of nine properties in four years and has refined his DIY skill set to the point where he can perform all types of rehab projects for a fraction of the typical cost. Whether you?re looking for creative ways to increase profits on your investment properties or bring value other than capital to a partnership, tune in to hear Shaun?s biggest money-saving DIY hacks and his journey, from making simple fixes to performing major home renovations. Ashley and Tony discuss their own experiences with DIY projects and list the jobs they prefer to outsource to a pro! In This Episode We Cover DIY hacks that will help you save a FORTUNE on home renovation projects How to stop overanalyzing and finally land your first real estate deal How to account for sweat equity when structuring a partnership The importance of documenting your journey as a new real estate investor Harnessing the power of YouTube to build your network and create another income stream And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Submit Your Real Estate Rookie Question! Analyze Your Deals with the BiggerPockets Investment Calculators Achieving FI with Fewer Doors: The Small and Mighty Real Estate Portfolio Follow Ashley Wilson on Instagram Book Mentioned in the Show: Real Estate Partnerships by Ashley Kehr and Tony Robinson The Gap and the Gain by Dan Sullivan Connect with Shaun: Shaun's BiggerPockets Profile Shaun's YouTube Check the full show notes here: https://www.biggerpockets.com/blog/rookie-311 Interested in learning more about today?s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices