Owning multiple properties with no money ? While it might sound ludicrous, there are several ways to do it. Money shouldn’t be the barrier preventing you from getting into the world of real estate investing . In fact, many people have been able to turn around their own fortunes by using other people’s money (OPM) —today’s special guest is one of them! In this episode, we chat with Mike Larson , who found himself in this type of situation only a few years ago. Trapped in over $40,000 of consumer ...
Apr 05, 2023•54 min•Ep. 275
You’re buying a rental property and, in the process, inheriting tenants . What now? Can you go ahead and start raising rent ? Not so fast. Before making any rash decisions, you might want to implement tenant estoppel agreements . These legally binding documents will help you and your tenants get on the same page. And Ashley and Tony are here to break them down! In this edition of Rookie Reply , we talk about the best practices when inheriting tenants. We also touch on LLCs , umbrella insurance ,...
Apr 01, 2023•39 min•Ep. 274
Over $100,000 from medium-term rentals …in just 18 months?! It’s a pipe dream to many, but it’s reality for today’s guest. After connecting with a few colleagues about real estate investing , David Rosenbeck left his established career as a nurse practitioner to dive headfirst into the investing world—carving out a niche that married his former job with his newfound passion: medium-term rentals for traveling nurses . David and his wife bought their first rental property , and within 24 hours of ...
Mar 29, 2023•59 min•Ep. 273
While driving for dollars , you stumble across a property with back taxes on it. What do you do? Contact the owner about your interest? Check with the courthouse first? Of course, you don’t want to make a real estate faux pas and miss out on a great deal! Fortunately, Ashley and Tony are here to help you navigate the situation. Welcome back to another Rookie Reply ! Today, we’re addressing properties with tax liens and how to potentially get them below market value . We also talk about buying pr...
Mar 25, 2023•38 min•Ep. 272
$900K in real estate at age 17!? That can’t be possible! If you’re feeling shocked, join the club because today’s episode is something that’ll leave you more fired up than ever before. We talk to Ava Yuergens , a high schooler who’s purchased more real estate than most full-grown adults . Without the ability to even get a credit card of her own, Ava has taken down almost a million dollars in real estate , all thanks to creative financing, hard work, and a determination to build wealth no matter ...
Mar 22, 2023•56 min•Ep. 271
Don’t have enough capital to own property? Enter Airbnb arbitrage , the popular investment strategy that allows you to rent out someone else’s property for a profit. Of course, there are a few challenges that come with this. Namely, you’ll need to convince your landlord that it’s a good idea! As always, Ashley and Tony are back with some important tips. In today’s episode of Rookie Reply , we’re breaking down Airbnb arbitrage , and weighing the pros and cons on both sides of the arrangement. We ...
Mar 18, 2023•42 min•Ep. 270
Don’t know what to do AFTER closing on a house ? You’ve found your market, done your due diligence, passed your inspections, and now you’re asking, “what’s next?” Two of our three mentees are about to close on their first (and next) rental properties , but they don’t have to go in blind, thanks to the expert guidance of experienced investors Ashley and Tony. But we’re not just talking about a post-closing checklist. Instead, we’ll get into the nitty-gritty of getting a new short-term rental , ho...
Mar 15, 2023•46 min•Ep. 269
Does seller financing apply to down payments? What happens when you buy a rental with squatters who refuse to leave? And is getting your real estate license even worth it? The world of real estate investing isn’t always as cut and dried as it seems, but running a profitable portfolio doesn’t need to be a massive headache. In this Rookie Reply episode, we’ll go through the common pain points that rookie landlords are dealing with and shed light on some frequently asked questions only experienced ...
Mar 11, 2023•38 min•Ep. 268
Twenty-four rental units in two years ! It’s possible, but only if you’re using the same principles that today’s guest has employed. With house hacking, HELOCs, the 80/20 rule , and a few more strategic investing moves, you too could fast-track your path to financial freedom . If you want to build your dream real estate portfolio without sacrificing decades in the process, these strategies will help you do it! For Andrew Freed , a full-time project manager, real estate agent, and investor, these...
Mar 08, 2023•1 hr 3 min•Ep. 267
If you live in a high-cost-of-living area , a house hack could solve many of your money-related problems. Sharing your living space isn’t always easy, but with a few simple tricks, you can make it more than worth your while. From subsidizing your cost of living to generating cash flow while you’re still staying at the property, house hacking has some almost unbelievable benefits that ANY investor can capitalize on. And Ashley and Tony have some great tips to share! Welcome back to this week’s Ro...
Mar 04, 2023•47 min•Ep. 266
Investing in sober living facilities may not be the first thing that comes to mind when we talk about building a real estate portfolio . But if you knew how much they made, you might take a second look. We often focus on short-term rentals, long-term rentals, or fix-and-flip properties. But one of the best things about choosing real estate as an investment medium is its wide range and opportunities for creativity . People out there are house hacking , wholesaling, investing in mobile homes, and ...
Mar 01, 2023•1 hr 6 min•Ep. 265
Weighing the costs and benefits of building versus buying rental properties ? You’re not alone! When property prices go up, it makes sense that most of us start looking for loopholes. But the cost is only one thing to consider when it comes to real estate investing . Thankfully, Ashley and Tony have some tips for deciding which way to go. Welcome back to this week’s Rookie Reply ! If you’ve ever considered building an investment property or buying a new construction , you’ll want to hear what ou...
Feb 25, 2023•47 min•Ep. 264
Offer accepted! Now what? As a rookie real estate investor, it can be anxiety-inducing to hear that a seller accepts your house offer . You’ve been working so hard to get up to this point, and now, you’re one step closer to closing on your first rental property . But what happens next? Are there steps that you should be following? And what should you be doing in the meantime as your closing date starts to creep closer and closer? If you’re in this situation (or are about to be), stick around! We...
Feb 22, 2023•1 hr 1 min•Ep. 263
You want to build a real estate portfolio , but you might not even own a single rental property yet! So how do you go from onlooker to investor and finally become financially free through real estate investing ? Start with the end in mind! So many rookie real estate investors envision a dream life with cash-flowing rentals and little to no stress , only to realize the landlord life is a LOT different than social media makes it seem. To grow a passive real estate portfolio , you need to do someth...
Feb 18, 2023•59 min•Ep. 262
Most people would assume ‘Love is Blind’ star Nancy Rodriguez built most of her wealth after appearing on the show. But most people would be wrong. For the past seven years, Nancy has been quietly building a cash-flowing rental property portfolio , allowing her to become debt-free , go full-time into real estate, and build generational wealth for her family. She started her journey with 0% down loans , worked her way up to short-term rentals, and is now buying properties in cash across the great...
Feb 15, 2023•1 hr 8 min•Ep. 261
When can you refinance your home ? How do you avoid taxes when selling a property ? And is there a legal limit on when you can raise rent ? Unfortunately, for most new investors, many of these questions don’t come with a straight answer. And when talking about taxes, even experienced investors like Ashley and Tony can’t give advice. So, we brought back Amanda Han , CPA and real estate investor, to provide us with the facts about tax benefits , trusts, and how to pay less when you sell a property...
Feb 11, 2023•42 min•Ep. 260
When you’re ready to invest in real estate but don’t have the money readily available, that can feel like a full-stop roadblock. But there are ways around your down payment doubt . With thoughtful market research and a bit of creativity when it comes to your financing, you can gain confidence and get started . These are two of the key components of Pooja Jindal ’s investing method. After her primary residence became a long-term rental property, she caught the bug and bought another property, and...
Feb 08, 2023•55 min•Ep. 259
You stumble across the perfect rental property, but you don’t know who owns it. So what do you do? Walk up the door and present an offer? Ask the neighbors? Or, is there a better way to do some sneaky searching that could land you the perfect off-market real estate deal ? The rookies want to know, and on this Rookie Reply , we’ll get into EXACTLY how to do this, even if you’re starting without much money! We’re back for one of our last live Rookie Reply episodes! This time, we’re touching on que...
Feb 04, 2023•33 min•Ep. 258
The “ Rookie to Real Estate Investor in 90 Days ” series is back, and we’re checking in with three mentees as they go from newbies to high-net-worth through real estate! Our mentees have been busy over the past couple of weeks, so Ashley and Tony dropped in on them to see how their rental property progress was going. They touch on how to make a lowball offer , pushing past the fear of getting an offer accepted , where to find motivated sellers , short-term rental markets, and seller financing Q&...
Feb 01, 2023•52 min•Ep. 257
Escaping the rat race at 26 isn’t easy, but Isaac Lane , Arizona-based investor and rookie landlord, is doing it through out-of-state investing ! Isaac started investing only a couple of years ago, but he’s been scaling quickly as he purchased five rentals in his first year of investing alone. Now, he balances his time between working his day job as an engineer for a commercial real estate firm and managing his properties that are multiple states away! Welcome back to another Rookie Reply , wher...
Jan 28, 2023•34 min•Ep. 256
Everyone wants to know how the rich avoid taxes . You hear about it on the news, “ billionaire pays zero dollars in taxes this year ,” or “this real estate tycoon made millions but gets a tax refund!” This can seem like blatant tax abuse for those not in the investing game. Why do some people get to pay no taxes while others are stuck with a sky-high return just for working their W2 job? The answer lies in the assets you invest in. Real estate investing is one of the most tax-advantaged assets a...
Jan 25, 2023•1 hr 6 min•Ep. 255
Need to know whether flipping vs. renting makes more sense for your market? Don’t know if you can put offers on multiple houses simultaneously? Itching to hear how your flipping profits will affect your financeability on your next property? We’ve got time-tested real estate experts here to help you out! As always, Ashley and Tony are here to host this week’s Rookie Reply , but we’re also joined by Jake Kain , Arizona investor and agent who left the W2 life to start building a rental property and...
Jan 21, 2023•28 min•Ep. 254
Personal finance is what most twenty-something-year-olds overlook. Why invest, save, or cut back spending when you finally have the money that a college degree or diploma promised you? For those who have just started working, spending all your hard-earned money on a bigger apartment , a nicer car , or a luxurious trip can be enticing. But, you could also be using your paychecks to multiply your wealth , set yourself up for financial freedom , and lock in early retirement while most are focused o...
Jan 18, 2023•49 min•Ep. 253
Buying your first rental property doesn’t need to be complicated. With some simple steps, you can go from onlooker to real estate investor, collecting passive cash flow every month! But you’ll never get going if you don’t know where to start. So to make 2023 your best year yet , David Greene , investor, agent, and host of the BiggerPockets Real Estate Podcast , sat down to walk through the eleven steps it takes to go from rookie to real estate investor. Real estate is NOT a “get rich quick” type...
Jan 17, 2023•56 min
Tenant not paying rent ? Debating whether a year-long, six-month, or month-to-month lease is best? Don’t know how to estimate rent for a new unit? On this week’s Rookie Reply , we’re tackling some of the most troublesome yet common questions that rookie real estate investors have. We’ll be going deep into property management , tenant screening, and what to do when a tenant stops paying. So fret not when investing; there’s always a way to make a win-win! This time around, we’re joined by Alexandr...
Jan 14, 2023•26 min•Ep. 252
Becoming a real estate investor isn’t complex. Find a property, buy the property, and rent it out. While this formula may be easy to write down, putting it into practice is much more complicated. This is why many wannabe investors never make the jump to buy their first investment property . But, with the right advice, mentorship, and mindset, anyone can become a passive-income generating real estate investor , with a path laid for financial freedom and early retirement . Today, Ashley and Tony c...
Jan 11, 2023•57 min•Ep. 251
The real estate market is changing, especially in high-appreciation cities like Phoenix, Arizona. This week, Ashley and Tony made the journey to the Valley of the Sun to visit real estate rookies for a live podcast recording . But it wasn’t just the rookies coming out; expert investors like Jamil Damji and Pace Morby also swung around to answer questions about creative financing , the 2023 housing market , multifamily investing, and more. They give some killer insight that only off-market master...
Jan 07, 2023•45 min•Ep. 250
You want to start a real estate business . The cash flow is calling, and whether you’re looking to build passive income , escape the nine-to-five grind , or set yourself up for early retirement, rental property investing is a smart move to make. But, most real estate investors get it all wrong when building their rental property portfolios. They focus on scaling as fast as possible without building the systems to support a thriving business , leaving them burnt out and tired of the real estate g...
Jan 04, 2023•54 min•Ep. 249
Do you need an LLC for rental property investing? Ask some investors, and they’ll hit back with a resounding “of course!” But ask another group of investors, and they’ll tell you “not at all!” This duality causes many rookie investors to become confused, not knowing when to protect their property with the limits that come with an LLC. So how are millionaire investors setting up their properties and partnerships? Or, more specifically, what are Ashley and Tony doing to protect themselves? Welcome...
Dec 31, 2022•28 min•Ep. 248
Low mortgage rates , sneaky homebuying strategies , and getting into (and out of) debt, Lindsey Iskierka 's story has it all. As the lead real estate agent on the SoCal David Greene team, Lindsey is in the thick of real estate day in and day out. But she’s not just helping others buy and sell homes, she also boasts a respectable rental property portfolio , with four units sprawled out across the states in three completely different markets . And even though Lindsey is in the real estate game now...
Dec 28, 2022•56 min•Ep. 247
