What makes a great real estate market ? If you’re a new investor, you might think that high rents and cheap home prices are all that matter, but you couldn’t be more wrong . Experienced investors search for more than just surface-level pricing when looking into where is worth investing. This is doubly true when you’re investing in short-term rentals and medium-term rentals —both of which require a specific area to succeed. So what would Ashley and Tony look for when scouting a new real estate ma...
Dec 24, 2022•41 min•Ep. 246
How far can you go? What are your “limits” in life? For most people, it’s easy to get discouraged by everyday barriers, but for today’s guest, not letting limits define him is what led to a brighter future. Tony Clark , today’s guest, identified and assessed his limits to determine his starting point. And now, he has three rental units, including a duplex in Nashville and a house in California . Tony’s real estate investing journey started when he realized how expensive life is. After college, h...
Dec 21, 2022•59 min•Ep. 245
Need to know how to estimate rehab costs , even if you’re investing out of state ? For most investors, it seems almost impossible to do a full-scale renovation while living hundreds, or thousands, of miles away. But, many time-tested investors have done it (including Tony), and you can too, but you’ll need to know who to go to and what to ask before you start . Or, you could bite off way more than you can chew , and risk losing your rental as a result. Happy Saturday, rookies! We’re back with an...
Dec 17, 2022•39 min•Ep. 244
Building a short-term rental business is surprisingly simple. You buy a property, furnish it, then throw up some pictures of it onto booking sites like Airbnb and VRBO . After a few weeks, a booking comes in, and from there you’re in the game! This is all great until a poor review comes in, sending your listing to the bottom of the pile and your profit with it. Through no fault of your own, your income stream just got cut off , and now you have a mortgage to pay without a calendar full of bookin...
Dec 14, 2022•59 min•Ep. 243
Foreclosures have slowly been creeping up as real estate values get hit hard . With home prices dropping and a tough economic forecast ahead, could a wave of foreclosures be on the horizon? If so, who will this affect the most—residential real estate investors like Ashley and Tony or commercial real estate investors with their million-dollar multifamilies? We’ll get into what exactly could happen in this week’s Rookie Reply ! Ashley and Tony have taken four very different questions this week, di...
Dec 10, 2022•47 min•Ep. 242
Hard work comes with everything, and real estate is no exception. To achieve success, you must be willing to work hard and continue to work hard even when things get rough. That means viewing mistakes as lessons and being resilient enough to power through whatever life throws at you. Today’s guest, Sahleem Lee, started his real estate journey and almost gave it up, but after a three-year hiatus, he has come back even stronger. Now he has thirty-two wholesale deals under his belt. Sahleem's real ...
Dec 07, 2022•1 hr 3 min•Ep. 241
Off-market real estate deals can give investors like you HUGE discounts on what would be expensive investment properties. Either due to the property condition or the state of the seller, these real estate deals sell for sometimes hundreds of thousands less than their on-market equivalents. But finding them can be a challenge . As a result, most new investors rely on real estate wholesalers to bring them a deal. But what if the price point still doesn’t make sense? Welcome back to another Rookie ...
Dec 03, 2022•42 min•Ep. 240
Before the most well-known real estate moguls were moguls, they were rookie investors with a dream. While it took vision to get them to where they are today, they wouldn’t be successful without goals and a plan to achieve their goals. Tony and Ashley , two investing tycoons in their rights, use today’s episode to reflect on their goals from 2022 and start thinking about goals for 2023 . One of the most important parts of goal setting is the plan to get your goals accomplished. A goal without a p...
Nov 30, 2022•1 hr 3 min•Ep. 239
Section 8 investing isn’t as scary as it seems. Most landlords will opt to not rent to section 8 tenants, fearing non-payment or just getting stuck with a bad renter. But, this means that the tens of thousands of potential tenants , waiting with guaranteed rent , have nowhere to stay, while you struggle to fill an empty unit. Ashley Hamilton , Detroit-based investor, thinks that not renting to section 8 tenants could be a huge mistake . Welcome back to this week’s Rookie Reply ! This time, we’ve...
Nov 26, 2022•33 min•Ep. 238
The beautiful thing about building wealth is there’s not just one way to reach your financial goals. This is where your creativity and ambition come into play. Today’s guest, Daniel Schiermeyer , built his residential portfolio and then leveraged that to buy businesses , with more ways to cash flow than we can count! Daniel started getting into real estate after college when he read The Automatic Millionaire . He prioritized living cheaper , and in Charlotte, it was cheaper to buy a house than t...
Nov 23, 2022•52 min•Ep. 237
Pace Morby ’s name is synonymous with creative financing . In fact, you could say that he’s brought back a revival of strategies like subject to and seller financing . He’s been so successful with these strategies that Pace has been able to buy over six hundred rental units this year without using a single bank loan! He believes that now, even with rising interest rates and high inflation , rookie investors have a chance to get better deals than ever before! Welcome to this week’s episode, where...
Nov 19, 2022•43 min•Ep. 236
To have something you’ve never had, you have to be willing to do something you’ve never done before. Today’s guests, Amy Wright and Mitch Mathern are doing something most people haven’t seen before, a twist on the BRRRR method . They’ve closed on three properties in three years , and all their properties are over 100 years old! Amy and Mitch started their real estate journey right before COVID and went into contract on their first property in February 2020. They started investing when Amy was fr...
Nov 16, 2022•58 min•Ep. 235
Before you invest in real estate , everything can seem new and confusing. Bidding on houses, renovation budgets, finding tenants—these are all skill sets you must acquire to become a financially independent real estate investor. But that doesn’t mean you need to be a pro before buying your first property . Just ask Brittany Arnason , AKA InvestorGirlBritt , the Canadian real estate superstar who started BRRRR-ing her way to wealth at just eighteen. We brought Britt onto the show to help us dive ...
Nov 12, 2022•39 min•Ep. 234
The path to financial freedom is a marathon, not a sprint . It requires patience, discipline, sacrifice, and a long-term mindset. Today’s guest, Logan Kohn , is on his way to financial freedom with over one million dollars of real estate with three properties at only twenty-one years old ! Logan planned to invest in real estate later in life, but COVID forced him to rethink his timeline. Since interest rates were at an all-time low during the pandemic and his income took a hit, Logan decided to ...
Nov 09, 2022•49 min•Ep. 233
Medium-term rentals are not new to real estate investing, but most investors have hardly heard of them. For years, corporate travelers would rent a room, apartment, or small property for a year or less. These travelers would pay a premium to avoid long-term leases and stay close to their work. But, with the rise of traveling nurses and digital nomads , the medium-term rental strategy is in a revival when investors need it most. Joining us on today’s show are investors, coaches, and authors, Sara...
Nov 05, 2022•43 min•Ep. 232
If early retirement seems out of reach right now, try semi-retirement. Once you get there, you’ll only be halfway to early retirement, just like today’s guest, Jessie Dillion . At only thirty years old, she is semi-retired and has scaled her real estate portfolio to almost two million dollars in nine months, with five properties total! When people think about high returns, they often think about a high unit count—but why have a lot when you can do the same with a few? Jessie is strategic about e...
Nov 02, 2022•58 min•Ep. 231
Is the 1% rule in real estate still relevant? Who shouldn’t be buying turnkey rentals ? And why is an escrow account favorable for scaling real estate investors? All these questions and more are coming up in this Rookie Reply . We’re back at BPCon 2022, and joining us is fellow investor and turnkey operator, Zach Lemaster . You may have heard Zach’s episode on the BiggerPockets Real Estate Podcast or maybe you’ve used his turnkey company, Rent to Retirement , before! Zach helps us answer an arra...
Oct 29, 2022•38 min•Ep. 230
Your network can be your most powerful tool inside and outside of real estate. Today’s guest, Ryan John , started his real estate investing journey after seeing his friends succeed in the investing space—including his childhood friend, Ashley Kehr. Ryan has been in the real estate game for a year and a half and has closed on two off-market deals—a house hack and a duplex. As all rookies know, trying to find and close on your first deal can be a mix of emotions . From excitement to fear to anxiou...
Oct 26, 2022•1 hr 5 min•Ep. 229
A cash offer almost always gets a seller's attention. Whether someone comes in low or high, the prospect of a smooth closing without any loan contingencies is often more than enough to get a deal done. But what if you don’t have stacks of cash lying around? Maybe you’re trying to get your first rental property or house hack with a conventional, FHA, or VA loan . How do you set yourself apart from the hotshot who roles in and offers all cash without any appraisal necessary? Worry not because Ashl...
Oct 22, 2022•50 min•Ep. 228
Who says you can’t have it all ? The career, the love, the wealth— it can all be yours if you want it and work for it. Today’s guest, Mackenzie Grate , works hard so she can have it all. Working full-time as an assistant middle school principal , Mackenzie spends her nights and weekends as a real estate investor and agent. She owns two single-family homes, a fourplex, a duplex, a short-term rental, and her primary residence. Mackenzie’s real estate investing journey started in 2017. While living...
Oct 19, 2022•57 min•Ep. 227
As a new investor, financing can come with a lot of questions . Financing your first property itself seems like a steep learning curve , but once you find a method that works for you, it makes investing a lot easier. Welcome back to this week’s Rookie Reply . But, instead of just answering one question, we’ll be going over multiple to get you on the fastest path to investing in real estate. Today, we’re touching on topics like how much money you'll need to invest in your first property , how to ...
Oct 15, 2022•44 min•Ep. 226
Life is unpredictable , and there's no way to get around that. Instead, you have to learn to pivot and accept where you are, so you can get to where you're going. Today’s guest, Josiah Hein, was hit with life’s unpredictability when he was in a car accident with a drunk driver, resulting in damage to his neck and back . Josiah could have easily used the accident as a reason to give up, but instead, he took it as an opportunity to pivot and build another business . Josiah has closed on three deal...
Oct 12, 2022•46 min•Ep. 225
Real estate investing is known for one thing: cash flow . No matter who you talk to, investors always seem to be hypnotized by this single metric . Rookie investors love to chase after cash flow and cash flow only—often completely disregarding the much more lucrative benefits of real estate investing for the shiny object of monthly profits getting deposited into your account. But, if you’re buying, analyzing, and negotiating deals based on cash flow only, you could be making a huge mistake. In t...
Oct 08, 2022•1 hr 9 min•Ep. 224
If you pay attention, you’ll notice there is a game being played . The sooner you realize this, the sooner you can play to win . The game of life has various components, but the top one percent has mastered the game of money and finance . Once you start playing, your financial fear becomes irrelevant . After all, it is a game—and you’re supposed to have fun. Today’s guest, Nick Troutman , started playing the game after his second child was born . His fatherly instinct kicked in, and he had a dee...
Oct 05, 2022•1 hr 10 min•Ep. 223
A rental property falling into foreclosure is a sad sign. “What happened to that landlord?” you might ask. Did a tenant do extensive damage , leaving them with a too burdensome repair bill? Did the landlord forget to pay their mortgage? What could have caused this? Well, if you’re like Ashley Kehr , someone else may have caused your home to (almost) slide into foreclosure, without you knowing. Welcome back to this week’s Rookie Reply . Wait, scratch that. This week’s Rookie Confession, featuring...
Oct 01, 2022•18 min•Ep. 222
If you’re hesitant to start your real estate investing journey, ask yourself this— where would you be now if you started ten years ago, and where could you be in ten years if you started today? As today’s guest, Brandon Rush , said, “everything you enjoy today, is the result of something you did five to ten years ago.” Brandon currently has three multi-family homes with a total of ten units. Brandon started his investing journey when he couldn’t see the light at the end of the tunnel with his W-...
Sep 28, 2022•52 min•Ep. 221
This week’s question comes from Jerry through Ashley’s Instagram direct messages . Jerry is asking: I’ve finally made the plunge and bought three investment properties. After I rehab, rent, and refinance them, where can I get more money to invest? Is there a type of loan for investors or do I need to look into a hard money lender ? Rental property loans are aplenty if you’ve found the right deal. Most veteran investors already know that once you have a good deal, it isn’t hard to find the money ...
Sep 24, 2022•11 min•Ep. 220
A successful investor finds their “why” where other people find excuses. Real estate investing isn’t without its challenges, but as you overcome more challenges, you become a better investor. Today’s guest’s strong “why” led him to real estate, and it’s what pushes him to break through barriers, overcome obstacles, and build the life he’s dreamed of. Hunter Lewis ’ "why" came two weeks before his senior year of college when he found out his girlfriend was pregnant. Knowing he was to become a fat...
Sep 21, 2022•55 min•Ep. 219
Building a rental property portfolio isn’t complicated. You find deals, finance them, buy them, manage them, and repeat. What could be easier? For most real estate investors, it’s not the big steps that stop them from scaling. It’s the little ones. Finding deals means looking through the MLS, cold calling, driving for dollars , or door knocking almost daily. Financing means talking to mortgage brokers, local banks, or investment property lenders. These day-to-day tasks are what make or break you...
Sep 17, 2022•34 min•Ep. 218
Successful real estate investors don't find success alone . Real estate is a relationship business , so eventually, you need someone— an agent, contractor, cleaning lady, or handyman. At times, your success depends on these people, so you need to build a relationship with them. Once you cultivate a relationship, maintenance becomes the next step, but how do you do that? How do you find the balance between too friendly and impersonal ? How do you turn a transactional relationship into a transform...
Sep 14, 2022•1 hr 7 min•Ep. 217
