You could spend HOURS breaking down deals for cash flow , cash-on-cash return , return on investment , price-to-rent ratio , and countless other metrics. What do these terms mean, and which one is most important when analyzing rental properties ? Today, we’ll show you how to streamline this process so you can check out MORE deals! In this Rookie Reply , you’ll learn how to analyze deals the right way, find off-market properties without spending a dime, and make offers on properties you haven’t s...
Feb 08, 2024•49 min•Ep. 365
Is the fear of “what if?” stopping you from investing in real estate ? You could learn a thing or two from today’s guest. Despite a “nightmare” first deal involving every worst-case scenario imaginable, he still managed to come away with an enormous profit ! Mitch Krotz had always wanted to buy a rental property , so when a great deal fell in his lap, it was a no-brainer! But then, seemingly everything that could go wrong did go wrong. Shortly after closing, Mitch was already evicting tenants an...
Feb 07, 2024•54 min•Ep. 364
Want to know how to start an Airbnb business ? If you find the right deal and build an all-star team , you could squeeze a TON of cash flow from just one rental . And we’ve got the perfect guest to show you the ropes! Welcome back to the Real Estate Rookie podcast ! Today, we’re joined by former ninety-day mentee Melanie Wilmesher . Since we last spoke with Melanie, she has added a short-term rental property to her portfolio —this time, in an entirely different market ! In this episode, she shar...
Feb 06, 2024•54 min•Ep. 363
Getting a home equity line of credit ( HELOC ) is one of the easiest ways to leverage your home equity and buy your first rental property . But what is the best way to use one? Are there any drawbacks? After today’s deep dive into HELOCs, you’ll have all the answers! Welcome back to another Rookie Reply ! In this episode, we’re not only looking at HELOCs but also comparing them to “ evergreen loans” so that you can choose the right financing tool for you. Is bad credit preventing you from invest...
Feb 01, 2024•39 min•Ep. 362
Want to know how to buy your first rental property without money getting in the way? For years, Mike wanted to invest in real estate , but banks wouldn’t give him a loan. If you’re having the same issue, we’re here to help! Welcome back to the Real Estate Rookie podcast ! After multiple deals fell through during the financing stage, Mike Previtera realized he needed to work on his finances . So, he and his wife trimmed the fat from their budget and aggressively paid off bad debts . Mike even mad...
Jan 30, 2024•48 min•Ep. 361
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 , ...
Jan 25, 2024•48 min•Ep. 360
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 ...
Jan 23, 2024•1 hr•Ep. 359
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, whe...
Jan 18, 2024•34 min•Ep. 358
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...
Jan 16, 2024•55 min•Ep. 357
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 handfu...
Jan 11, 2024•54 min•Ep. 356
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 discoverin...
Jan 09, 2024•53 min•Ep. 355
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 frie...
Jan 04, 2024•42 min•Ep. 354
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...
Jan 02, 2024•54 min•Ep. 353
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 t...
Dec 28, 2023•45 min•Ep. 352
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 t...
Dec 26, 2023•1 hr 4 min•Ep. 351
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 ben...
Dec 21, 2023•52 min•Ep. 350
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, ...
Dec 19, 2023•48 min•Ep. 349
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 HU...
Dec 14, 2023•48 min•Ep. 348
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 ...
Dec 12, 2023•1 hr 2 min•Ep. 347
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 ...
Dec 07, 2023•1 hr 1 min•Ep. 346
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 b...
Dec 05, 2023•52 min•Ep. 345
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...
Nov 30, 2023•58 min•Ep. 344
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...
Nov 23, 2023•45 min•Ep. 342
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...
Nov 21, 2023•58 min•Ep. 341
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...
Nov 16, 2023•1 hr 10 min•Ep. 340
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...
Nov 14, 2023•53 min•Ep. 339
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 “ s...
Nov 11, 2023•46 min•Ep. 338
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 thei...
Nov 08, 2023•1 hr 2 min•Ep. 337
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 wha...
Nov 04, 2023•47 min•Ep. 336
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 ...
Nov 01, 2023•56 min•Ep. 335
