Big news: previous guest Tony J Robinson is back... he's now your new co-host alongside Ashley. Today, you'll get reacquainted with Tony and learn how he rapidly expanded his portfolio this year. In fact, he went from owner of 2 houses when he appeared on the show in March... to closing on his 7th property (!) next month. ...How tho? Tony spells it out today: from finding new financing options in Louisiana (he lives in Southern California), to breaking into the short-term rental game in the Grea...
Nov 11, 2020•56 min•Ep. 37
BiggerPockets Senior Producer Kevin Leahy shares some news about a change in the Real Estate Rookie host lineup. Learn more about your ad choices. Visit megaphone.fm/adchoices
Nov 06, 2020•3 min
Today's guest is Gary Janica , a Jacksonville, FL investor who loves his "stress-free job"... but realized he needed side hustle income to better support his family. Enter real estate investing ! Gary's portfolio is on the smaller side – he owns 2 duplexes – but he's been able to drastically change his financial picture by house hacking and extracting hidden value with "garage apartments." If you share similar goals, check out this episode to get inspired and learn something new – and connect wi...
Nov 04, 2020•48 min•Ep. 36
From $25,000 purchase prices last week to $300,000+ group houses this week! We head to the Bay Area today to meet pharmacist Ryan Chaw , who ventured about an hour away from his hometown and began buying 1 house per year and renting them by the room to college students. Ryan collects nearly $11,000/month from 18 tenants , and is creating the kind of generational wealth his grandfather used to put both him and a sibling through college. Does renting to college kids sound like a disaster waiting t...
Oct 28, 2020•55 min•Ep. 35
What do you get when you combine Dave Ramsey-style frugality with aggressive deal-finding tactics? You get teacher Amy Barber and her fiancé, Jay – and their $6,000 monthly cashflow in rural Iowa. In this episode, Amy shares her strategies for buying foreclosed ranch houses in cash, cleaning them up, then refinancing so she can repeat the process again and again. Think no one's doing deals during the pandemic? Well, she's bought 4 houses in the past 4 months , and plans to keep going until she's...
Oct 21, 2020•52 min•Ep. 34
Today we bring you another mentor/mentee conversation, where Joe Roberts shares his experience working alongside Steve Rozenberg to buy his first long-distance investment property. Joe is a U.S. Marine helicopter pilot who regularly deploys to combat zones, so efficient systems are a must for him. Steve, a commercial airline pilot and experienced investor, loves designing standard operating procedures . Perfect fit! The two got paired up when Joe won Mynd Property Management 's $20,000 mentorshi...
Oct 14, 2020•1 hr 4 min•Ep. 33
Frontline healthcare worker... Air Force Reservist... real estate investor! 24-year-old Prescott Williams is a renaissance man committed to building real wealth through real estate while serving his community and his country. Today he walks us through his first 2 deals , and the 3 deals he's currently working on in the Hattiesburg, Mississippi area. Prescott shares some great shortcuts for investors who work full-time – from creating a "rental requirement list" with your personalized criteria to...
Oct 07, 2020•48 min•Ep. 32
So... how do partnerships work in real life? Today, you'll learn how – from two new(ish) real estate investors: Amy Swayze and Chris Lawrence. Amy breaks down her partnership with her adult son, who used his retirement fund to jumpstart their investing career earlier this year ( right before COVID hit!). Here's the arrangement: Amy's son brings the money and crunches the numbers; she manages rehabs and gets tenants in their BRRRR rental properties . Chris is a more experienced investor, having l...
Sep 30, 2020•56 min•Ep. 31
"I know partnerships can help me build wealth, but how do they actually work in practice?" This is one of the most common questions we get... and today Felipe and Ashley outline 6 rules for partnering on your real estate investments. From identifying the missing piece that's holding you back, to defining clear lanes and avoiding common pitfalls... this show is a must-listen for any new investor who realizes she can't do it all herself. Be sure to come back next week for Part 2 – where you'll hea...
Sep 23, 2020•51 min•Ep. 30
Expensive market? Busy with a career and other priorities? There are a lot of compelling reasons to consider turnkey investing in a more affordable area – where a local " operator" sells you a tenanted property designed to pump out cashflow from day one. All you have to do is "turn the key," hand things off to a property manager and... voilà! You're rich. You can now kick back and sip margaritas on the beach. Right? Well, it's a little more complicated... as you'll learn today from seasoned turn...
Sep 16, 2020•52 min•Ep. 29
We all have the same 24 hours per day... so be like Marsay Winder and make the most of them! He calls himself the " Property Pastor, " and he owns 8 properties (24 units) in the Virginia Beach, VA area. Marsay juggles his business with his family life and a full-time career in manufacturing, so landlording systems are a must – and he breaks them down for us in this episode. You'll also hear about his MVP mentor, how he avoids time-wasting distractions, and the books and resources that helped him...
Sep 09, 2020•56 min•Ep. 28
Aaron Chapman ran into major obstacles on his first 2 real estate deals... obstacles you might face as you launch your own investing career. Wouldn't you like to know how to react when you're turned down for a loan ? Today, you'll learn how! From a duplex purchase that seemed doomed when he lost his job while in escrow ... to a triplex purchase that a bank wouldn't touch, this Louisville, KY investor breaks down how he reached 5 doors by age 24 – and his exact roadmap to reach financial independ...
Sep 02, 2020•47 min•Ep. 27
Derek Tellier didn’t start investing in real estate until he was over 40. Unhappy with what was going on in his life, a friend plugged him into healthy eating, exercising, and long-distance running. Once his health was back on track, he realized he didn’t like the trajectory his life was on, and made major changes. That same running friend introduced him to real estate investing. Derek got licensed, joined his friend’s real estate team, and bought his first real estate deal - a cabin that he ren...
Aug 26, 2020•1 hr 7 min•Ep. 26
Here, by popular demand: the Appraisal Episode ! Josiah Smelser – podcaster, two-time BiggerPockets Real Estate Podcast guest, and Certified General Appraiser – is here to answer your many questions, and he delivers the goods. We played some questions from the Rookie Request Line and touched on subjects like which data and documents you can provide an appraiser, how to challenge an appraisal , and how to keep your emotions in check when estimating After Repair Value . Whether you're a rookie who...
Aug 19, 2020•1 hr 10 min•Ep. 25
On today's show: how U.S. Army Staff Sgt. Naaman Taylor is combining house hacking , partnerships , and VA loans to build himself a comfy retirement... all while serving his country overseas! This episode has something for everyone – from structuring partnerships to stretch your dollar farther, to hiring property managers and identifying a trustworthy mentor . Be sure to let Naaman (he said we could call him "Taylor") what you thought of the show by visiting our show notes page at biggerpockets....
Aug 12, 2020•45 min•Ep. 24
Interested in real estate investing... but wary of taking on debt? That's the situation Sarah Brandenberger found herself in, and today shares her journey from a staunchly anti-debt "penny pincher" to a creative financier raising private money! Sarah also gives us the goods on portfolio loans – including a ninja tip that allowed her to tap the equity in multiple properties and use those funds to take advantage of a smokin' deal. You'll learn what documents to bring when asking for a loan – wheth...
Aug 05, 2020•1 hr 2 min•Ep. 23
Curious how to manage a rental portfolio in your limited free time? Learn from today's guest Ruben Galindo, who had his hands full managing hundreds of law enforcement officers in Texas... but didn't let that stop him. Ruben is 48 years old, and in the past five years, he's acquired five rental properties that require about an hour of his time each week. In this episode, he'll teach you how he uses Cozy and Docusign to do everything virtually, how door knocking led to one of his best deals, and ...
Jul 29, 2020•55 min•Ep. 22
Rookie FAQ time! Today Ashley and Felipe run through the top 5 questions from the Real Estate Rookie Facebook Group and the Rookie Request Line (leave us a voicemail at 1-888-5-ROOKIE). From finding and financing deals to the infamous LLC question and beyond, our co-hosts offer their advice and discuss various approaches new investors can use to build momentum. Plus, former BiggerPockets Real Estate Podcast guest Whitney Hutten makes a cameo to offer her two cents on how to properly vet turnkey ...
Jul 22, 2020•51 min•Ep. 21
Today: how Lexington, KY investor Charlie Ashley uses lines of credit and construction loans to build his portfolio while working full-time. Charlie walks us through his year-long education phase, his first couple deals, and the expensive lessons he learned while renovating a property he lovingly calls " The Pit "! Sure... finding deals is important. But today you'll learn how understanding financing has helped Charlie gain a lot of momentum quickly – and how every new investor can do the same. ...
Jul 15, 2020•1 hr 11 min•Ep. 20
In today's episode, you'll meet a power couple who both immigrated to the U.S. seven years ago and soon decided real estate would be their path to financial freedom . Arvi Carkanji and Dave Arlaud are Nashville-based flipper-investors, who are dividing and conquering to run a successful business while building a stable of rental properties. Arvi handles acquisitions (listen for the Rookie Request Line about direct mail ), while Dave is a licensed contractor who takes charge of construction. Toge...
Jul 08, 2020•1 hr 2 min•Ep. 19
She read Rich Dad Poor Dad , got angry at herself for not having built multiple income streams... and decided to do something about it! Tricia Baxter is a real estate rookie who got in the game in her mid-40s. In this episode, she shares how she built a healthy portfolio of small multifamily properties on the Jersey Shore. Tricia's a busy professional with her own law practice, but she still decided to self-manage when she got started—namely, to learn the ropes and create standard operating proc...
Jul 01, 2020•55 min•Ep. 18
From humble beginnings ... to Division 1 football, military service, and now three rental properties in his 20s! Derrick Ziglar Jr. is a man on a mission, and today he shares how he converted a wrong turn into a $30K duplex purchase that kick-started his journey toward generational wealth. If you're interested in securing your financial future , then don't miss Derrick's tips on how he finds deals , how he uses a personal line of credit , and the lessons he's learned about managing contractors ....
Jun 24, 2020•1 hr•Ep. 17
What better way to learn a concept than a real-life, real-time case study ? Today, we listen in on rookie investor Jamie Gallagher as he compares and contrasts two markets. Meanwhile, BiggerPockets' data wiz David Meyer is there to walk him (and us) through the numbers. You'll learn how to use population growth , rent-to-price ratio , rent-to-income ratio , and historical performance to weigh the pros and cons of various markets so you can compare apples to apples. These aren't the only factors ...
Jun 17, 2020•55 min•Ep. 16
In 2017, she had done zero deals . Today, she's got 20 units and is nearing her goal of financial freedom by age 45. In this episode, Elyse Rasmussen shares five tips for rookies interested in long-distance investing ... although each can easily be applied to investing in your own backyard, too. Check out her Instagram page @investingforfinancialfreedom for some #landlordmemes, and be sure to join the Real Estate Rookie Facebook group to tell us what you think of this episode! In This Episode We...
Jun 10, 2020•1 hr•Ep. 15
Between his career and a podcasting side hustle, Robert Leonard 's a busy guy. So how does he—and how can you— build a small but mighty rental portfolio in your spare time ? For Robert, it comes down to 4 major elements : 1. Use a series of house hacks to lower expenses and build equity. 2. Find an MVP real estate agent . 3. Align with a partner . 4. Invest out-of-state . In this episode, Robert goes into detail on each of the above and explains how they helped him break through " analysis paral...
Jun 03, 2020•1 hr 3 min•Ep. 14
Everything you've ever wanted to know about direct-to-homeowner marketing ... but may have been afraid to ask! From exactly what Drew writes in a letter, to how he builds rapport when running an appointment, to making offers and getting to the closing table, it's all here in plain English. This episode follows up on show #9, where mentor/mentee duo Ryan Dossey and Drew Wiard broke down how Drew built a brand and zeroed in on his target market. Today, they walk us through everything that happens ...
May 27, 2020•1 hr 3 min•Ep. 13
BiggerPockets legend J Scott was once a rookie, and he's got the stories (and scars) to prove it! Today J stops by to give us a primer on economic cycles and how they impact real estate investors. You'll learn what to expect when housing prices soften and which strategies work best in each economic phase. Plus, J shares the tale of his first (years-long) flip , tells us what he's learned along the way, and delivers a surprising top tip for today's rookie real estate investor. For more on this to...
May 20, 2020•1 hr 28 min•Ep. 12
OK, you've got a property under contract. Now the real work begins! In today's episode, you'll learn all about about a crucial step in the home-buying process: home inspections. Find out how they work, how much they cost, and how they could wind up saving you a boatload of cash—or help you negotiate a sweet deal! Rose Buckley is a certified home inspector who has walked 1,000-plus homes. And with her background in teaching and translating, she enjoys breaking down this part of the business for u...
May 13, 2020•1 hr 1 min•Ep. 11
Tony Robinson had every excuse NOT to invest. Expensive local market? Demanding full-time job? Family responsibilities? Check, check, and check. So, how did he pull off his first two deals in a cash flow-friendly market 1,500 miles away? Today, Tony spills the beans: how he got a bank to loan him 100% of purchase AND rehab cost, how he managed contractors from afar, two crucial lessons he learned on his first deal, and much more. Tony shares tip after tip for investors like you—especially if you...
May 06, 2020•55 min•Ep. 10
Can't find deals on the MLS? Dreaming about off-market deals, but not sure how to go after them? Today's show lays out a step-by-step, repeatable strategy for those of you who have what it takes to approach homeowners directly. It's not easy. It takes patience. And It costs money (or time). But for those precise reasons, it's where the real money is. Today we bring in Drew Wiard, a Fort Wayne, IN investor with a family and a full-time job. He's joined by his mentor, Ryan Dossey , a former Bigger...
Apr 29, 2020•1 hr 5 min•Ep. 9
