New to real estate investing and not sure where to start? Ashley Kehr and Tony J. Robinson break down the basics with real-world deal analysis, investor interviews and listener Q&A.
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How to Find Real Estate Deals (and Analyze Them) in 5 Easy Steps w/Dave Meyer
Saturday, August 31, 2024 • Duration 44:28
Find real estate deals faster with a BiggerPockets Pro Membership. Use code “PDEAL24” for 20% off plus thousands of dollars in bonuses and access to investment calculators, BiggerPockets deal finder, BiggerPockets market finder, and more!
Feel like you’re struggling to find real estate deals in 2024? Well, we’ve got just the thing for you. Today, BiggerPockets’ Head of Real Estate, Dave Meyer, is showing YOU how to find real estate deals and analyze them easily to get your next real estate investment faster. Whether you’re looking for long-term rentals, short-term rentals, fix and flips, or something else, Dave is about to showcase the deal-finding strategies only experts know about.
There are five simple steps to finding real estate deals, and if you can follow all of them (or even most of them), you’ll have your pick of the best investments on the market. We’ll show you how to find off-market real estate deals, build your “buy box” to know exactly which deals you want, and get other people to send the deals straight to you! Plus, we’ll show you how to analyze a rental property in just minutes using the BiggerPockets calculators!
Take your real estate investing to the next level with BiggerPockets Pro! Use code “PDEAL24” for a HUGE discount!
In This Episode We Cover:
How to find real estate deals in 2024 (even if you’re just starting!)
Building your “buy box” and how to know an investment property is right for you
Getting deals sent TO YOU by networking with investors, agents, and more
Using the BiggerPockets “Deal Finder” to find hidden gems in any market
Rental property analysis 101 and how to do it in minutes with the BiggerPockets investment calculators
And So Much More!
Links from the Show
Hear Dave on the BiggerPockets Real Estate Podcast
Hear Dave on the On the Market Podcast
Deal Finder
Market Finder
BiggerPockets Forums
Real Estate Investment Calculator
Rent Estimator
BiggerPockets Bootcamps
BiggerPockets Webinars
RentRedi Property Management
(00:00) Intro
(02:00) Why Invest in Real Estate?
(09:53) Your Investing Strategy
(13:35) 1. Build Your "Buy Box"
(16:21) 2. Find Off-Market Deals
(17:49) 3. Find Deals Through Networking
(19:08) 4. Use the "Deal Finder"
(24:34) 5. Analyze the Rental
(25:30) Would You Buy This?
(33:33) HUGE BiggerPockets Discount!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-webinar
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Rookie Reply: Rental Arbitrage 101 and How to Invest Your Home Equity
Episode 451
Friday, August 30, 2024 • Duration 35:44
You know real estate investing is a great way to build wealth, but maybe you fear you don’t have the resources to start. Well, there’s a way to create cash flow without money OR rentals—rental arbitrage! This low-risk, rookie-friendly strategy could be your gateway into the world of real estate. In today’s episode, we’ll cover the pros and cons of this strategy and whether it still works in 2024!
Welcome back to another Rookie Reply! If you’re a homeowner looking to buy your first rental property, tapping into your home equity gives you an enormous advantage. We’ll show you how to quickly build and scale a real estate portfolio through the BRRRR method (buy, rehab, rent, refinance, repeat), and you’ll also learn when to use a cash-out refinance or get a home equity line of credit (HELOC) instead. Finally, inheriting tenants puts you in a difficult spot. How should you introduce yourself to tenants? What’s the best way to raise rents on long-term tenants? Stick around to find out!
Looking to invest? Need answers? Ask your question on the BiggerPockets Forums!
In This Episode We Cover:
How to cash flow WITHOUT money or rentals (and whether this strategy works in 2024)
The pros and cons of Airbnb arbitrage (and costly mistakes to avoid!)
The BEST ways to leverage your home equity as a new investor
Using the BRRRR method (buy, rehab, rent, refinance, repeat) to build your portfolio
When to use a cash-out refinance versus a home equity line of credit (HELOC)
Crucial steps to take when inheriting tenants with your rental property
How to get tenants to agree to rent increases using the “binder method”
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Ask Your Question on the BiggerPockets Forums
Buy the Book “Short-Term Rental, Long-Term Wealth”
Find Investor-Friendly Lenders
See Ashley and Tony at BPCON2024 in Cancun!
BiggerPockets Real Estate - Episode 520: $47K/Month in Rent, 0 Doors Owned | Rookie Takeover w/ Rafael Loza
Get FREE Landlord Forms by Becoming a BiggerPockets Pro Member
Find Landlord-Tenant Laws in Your State
(00:00) Intro
(00:57) What Is Rental Arbitrage?
(10:53) HUGE Arbitrage Mistakes to Avoid
(14:50) How to Invest Your Home Equity
(21:38) Inheriting Tenants & Raising Rents
(31:58) Send Us Your Question!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-451
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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Rookie Reply: How to Screen Tenants for Free & When to Cash-Out Refinance
Episode 442
Friday, August 9, 2024 • Duration 38:53
Screening tenants is a necessary but expensive part of real estate investing. In some cases, property managers charge as much as one month’s rent to place a tenant. What if there was a way to build a pool of high-quality tenants for free? In this episode, you’ll learn how to screen your own tenants (fairly and legally) and keep more of your cash flow!
Welcome back to another Rookie Reply! After showing you how to create your own backlog of potential tenants, we dive into house hacking—the rookie-friendly investing strategy that helps pay for your mortgage—and a creative way to squeeze even more monthly income from your property. Cash-out refinancing is a popular way to access your home equity and reinvest it. But is this a good idea with today’s high interest rates? Ashley and Tony will crunch the numbers and help you make the right decision. Finally, we discuss the ins and outs of eviction day and what you need to know before the sheriff arrives at your property.
Looking to invest? Need answers? Ask your question on the BiggerPockets Forums!
In This Episode We Cover:
How to build a pool of high-quality tenants for your rental property (for free!)
Mastering the tenant screening process without a property manager
Creative ways to maximize your cash flow with the house hacking strategy
When to do a cash-out refinance and roll your home equity into a new deal
What you NEED to know before evicting a tenant from your property
And So Much More!
Links from the Show
Become a BiggerPockets PRO Member and Get RentRedi for $1
Join BiggerPockets for FREE
Buy “The Book on Managing Rental Properties”
Property Manager Finder
See Ashley and Tony at BPCON2024 in Cancun!
Real Estate Rookie - Episode 6: The Ultimate Beginner’s Guide to Tenant Screening with Lucas Hall
(00:00) Intro
(00:54) Building Your Tenant Pool
(13:36) House Hacking from Your Garage?!
(20:13) Should I Do a Cash-Out Refi?
(25:58) Evicting a Tenant
(35:14) Send Us Your Question!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-442
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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353: From Rehab to Real Estate Investor Making $71K/Year from ONE Rental w/Matt McDermott
Episode 353
Tuesday, January 2, 2024 • Duration 53:31
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: advertise@biggerpockets.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
352: Rookie Reply: Seller Financing & How to Buy MORE Real Estate on YOUR Terms
Episode 352
Thursday, December 28, 2023 • Duration 44:48
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: advertise@biggerpockets.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
351: The BEST Rookie Investor Tips, Tricks, Hacks, and Advice of 2023
Episode 351
Tuesday, December 26, 2023 • Duration 01:04:01
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: advertise@biggerpockets.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
350: Rookie Reply: How to Start an LLC for Real Estate Investing
Episode 350
Thursday, December 21, 2023 • Duration 51:39
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: advertise@biggerpockets.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
349: How to Use Public Data to Find Real Estate Deals That 99% of Investors Miss w/Ariel Herrera
Episode 349
Tuesday, December 19, 2023 • Duration 47:33
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: advertise@biggerpockets.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
348: How to Take Your Real Estate Business to the Next Level in 2024
Episode 348
Thursday, December 14, 2023 • Duration 48:03
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: advertise@biggerpockets.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
347: How to Quit Your W2 Job and Become a Full-Time Real Estate Investor w/Matthew Marcelissen
Episode 347
Tuesday, December 12, 2023 • Duration 01:02:14
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: advertise@biggerpockets.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
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