House hacking and renting by the room are two of the easiest ways for rookies to dive into the world of real estate investing . Both investing strategies are affordable, low-risk, and easy to implement. The best part? They can help cover your mortgage payment each month and give you MORE money to invest! Welcome back to another Rookie Reply! Want to earn some extra cash flow by adding an accessory dwelling unit (ADU) to your rental property ? In this episode, we’ll show you how to present your p...
Apr 19, 2024•36 min•Ep. 395
Added home renovation costs can ruin your plans to own the perfect rental property . When this happens, how do you come up with the extra funds ? More importantly, how do you prevent this from happening altogether? We’ve got plenty of answers for you in today’s episode! Welcome back to the Real Estate Rookie podcast ! Jessica Bryant Walton owns several doors in Anchorage, Alaska. As you’re about to find out, investing where winters are long , water damage is common, and frozen pipes are everyday...
Apr 17, 2024•39 min•Ep. 394
If you want your rental property to succeed, you’ve got to give people a reason to keep coming back. That’s exactly what today’s guest is doing—creating a one-of-one experience that people can’t get anywhere else. It’s what keeps his property booked year-round! Welcome back to the Real Estate Rookie podcast ! Just three years ago, Chase Charifa bought his first rental property —a black, mid-century cabin tucked away in Big Bear, California . By engaging each of the guest’s five senses and adding...
Apr 15, 2024•47 min•Ep. 393
Can’t afford to buy a rental property due to your area’s high cost of living ? At what point should you quit your W2 job and move elsewhere to realize your real estate investing dream? There are several factors at play here, but we tackle this exact scenario and much more in today’s Rookie Reply ! We also talk about partnerships and how to determine who should be responsible for capital , holding costs , and other expenses when flipping houses . Are you inhering tenants ? There’s an important ag...
Apr 12, 2024•34 min•Ep. 392
A thriving real estate business without rental properties ?! It might sound like an easy way to “invest,” but make no mistake—you’re going to need to sharpen your management , interior design , and problem-solving skills for it to work. Fortunately, today’s guest can bring you up to speed on this low-cost strategy ! Welcome back to the Real Estate Rookie podcast ! In this episode, Veronica Garreton returns to the show to offer more nuggets of wisdom for new investors . In our most recent episode...
Apr 10, 2024•46 min•Ep. 391
With the right rental properties , you could not only bring in thousands of dollars in cash flow each month but also build long-term wealth . Just ask today’s guest! Despite her fulfilling career , she came to the realization that she wasn’t on the path to financial independence and decided to take things into her own hands! Welcome back to the Real Estate Rookie podcast ! Yiting Yang is a traveling pediatric neurologist whose multifamily investing portfolio brings in well over $10,000 in monthl...
Apr 08, 2024•41 min•Ep. 390
Property management is a key component of real estate investing that can make or break your cash flow . Of course, every rookie investor could benefit from having a great property manager on board, but in a competitive market , how do you convince a reputable company to manage YOUR rental property ? Welcome back to another Rookie Reply ! In today’s episode, we cover not only property management but also out-of-state investing and whether it’s ever a wise decision to change investing strategies f...
Apr 05, 2024•46 min•Ep. 389
How many things can possibly go wrong with ONE rental property ? Well, you’re about to find out! Today’s guest had to flex her problem-solving skills on multiple occasions to get her “unique” rental up and running, and in this episode, she’s going to show you how she pulled it off! Welcome back to the Real Estate Rookie podcast ! Investor Ashley Robinson bought a triplex in the little town of Salida, Colorado, with plans to live in one unit and rent out the other two. Despite her thoroughness du...
Apr 03, 2024•43 min•Ep. 388
Want to begin flipping houses in 2024? With this popular investing strategy , you could build a lucrative and flexible real estate business . All any rookie needs to get started is a few skills and a little know-how, and there’s no better person to get you up to speed than today’s special guest! Welcome back to the Real Estate Rookie podcast ! Today, we’re joined by James Dainard , investor , master house flipper , and co-host of the On the Market podcast . James has flipped over 3,000 homes to ...
Apr 01, 2024•55 min•Ep. 387
To land a great investment property , a true diamond in the rough, you’re going to need to master the art of analyzing deals . Whether you plan to use the BRRRR method or buy commercial real estate , we’ve got several tips, tricks, and tools to help you find the perfect property! Welcome back to another Rookie Reply ! Not sure whether a property will cash flow ? In today’s episode, we’ll help you distinguish a great deal from a not-so-great deal. Do you need to pay back a hard money lender ? You...
Mar 29, 2024•43 min•Ep. 386
Could your rental property be occupied by bad tenants masquerading as good residents ? After an incident that led to thousands in property damage , a complex insurance claim , and an eviction , today’s guest learned the importance of a watertight tenant screening process. And YOU can, too—without all the drama! Welcome back to the Real Estate Rookie podcast ! Chelsea Borden owns four duplexes in Buffalo, New York —an investing market with a low barrier to entry , where new investors can achieve ...
Mar 27, 2024•35 min•Ep. 385
Making six figures from one rental property is every investor’s dream, but to achieve this, you need to choose the right investing market , buy the right property , and create luxurious “moments” that other rentals don’t offer. Today’s guest is going to show you the ropes of luxury real estate investing ! Welcome back to the Real Estate Rookie podcast ! When Veronica Garreton decided to try her hand at short-term rentals , she went straight for the big fish—a $750,000 rental property in Joshua T...
Mar 25, 2024•51 min•Ep. 384
A property manager can alleviate the burden of screening tenants , collecting rents , and maintaining your property . But if you’re not careful, exorbitant fees and unexpected charges can quickly eat away at your cash flow . Today, you’re going to learn how to navigate this relationship and ensure that you’re getting these services at fair value! In this Rookie Reply , Mindy Jensen from the BiggerPockets Money podcast and Tiamo Wright , Director of Product and Marketplaces at BiggerPockets , are...
Mar 22, 2024•33 min•Ep. 383
Want a successful, cash-flowing rental property ? Make sure you don’t overlook the tenant screening process or hire the “cheap” contractor . Otherwise, you could be dealing with floods , evictions , project delays, and other issues. Fortunately, today’s guest has already dealt with these headaches so that YOU don’t have to! Welcome back to the Real Estate Rookie podcast ! Investor Dan Stowell has endured not one but TWO horror stories during his real estate journey . As you’re going to learn tod...
Mar 20, 2024•40 min•Ep. 382
Many people buy rental properties for the cash flow , but today’s guest took it to another level— dropping out of college to go all-in on real estate investing . Find out how he brings in several thousand dollars of profit each month and how YOU can replicate his investing strategy ! Welcome back to the Real Estate Rookie podcast ! Like many new investors , Bailey Kramer started out small—converting long-term rentals into Airbnbs and co-hosting these properties for someone else. After seeing how...
Mar 18, 2024•49 min•Ep. 381
You want to start real estate investing , but where should you start? Should you buy a course , join a mastermind , or do your own research ? There’s no one-size-fits-all approach to investing, but we can point you in the direction that aligns with your investing goals ! Welcome back to another Rookie Reply ! In this episode, we’re going to start at square one of your real estate journey . We also get into investing partnerships and how to work “ sweat equity ” into your partnership agreements ....
Mar 15, 2024•36 min•Ep. 380
Want to know how to buy your first rental property ? You’ve come to the right place! It’s no secret that investing in real estate is one of the best ways to achieve financial freedom , yet only a few ever take action. Today, we’re going to provide everything needed to land your next rental property faster than you thought possible! Welcome back to the Real Estate Rookie podcast ! In this special episode, Dave Meyer , Vice President of Market Intelligence at BiggerPockets , is teaching you how to...
Mar 13, 2024•45 min•Ep. 379
Could rental properties help you switch careers , replace your W2 income , or get out of debt ? According to today’s guest, yes! Once Dave learned of the flexibility that real estate investing could offer, he left his established career behind and never turned back! Welcome back to the Real Estate Rookie podcast ! Dave Williams and his wife were working as traveling physical therapists when they determined that their careers wouldn’t support the lifestyle they wanted. So, they turned to real est...
Mar 11, 2024•44 min•Ep. 378
Should you invest for cash flow or appreciation ? Whether you need another income stream today or have one eye set on retirement , you have your own reason for investing in real estate . It’s important to choose an investing strategy that aligns with your ultimate goal, and today, we’ll show you how! In this Rookie Reply , we discuss the age-old debate of cash flow versus appreciation and whether you can have BOTH. We also get into landlord insurance , limited liability companies (LLCs), and oth...
Mar 08, 2024•41 min•Ep. 377
Having your rental property stolen ?! How is that possible? This would be a worst-case scenario for any investor, and it was nearly reality for today’s guest. Buckle up as we share one of the wildest real estate horror stories you’re likely to hear! Welcome back to the Real Estate Rookie podcast ! In this episode, which could be mistaken for the latest entry in your favorite crime drama, investor Matt Drouin tells the bizarre story of how he nearly LOST his $150,000 rental property to a professi...
Mar 06, 2024•44 min•Ep. 376
Every investor wants a rental property that brings in six figures , but not every investor is willing to scour old listings , bring in a partner , or exhaust all of their creative financing options. If you want the perfect deal, don’t let money get in the way! Today, we’re chatting with former Division II football coach Adam Howard . In just three years, Adam has bought several properties that provide enough cash flow to replace his W2 income . This includes the “crown jewel” of his portfolio an...
Mar 04, 2024•40 min•Ep. 375
Every landlord wants the best possible tenants in their rental property , but of course, this doesn’t happen by chance. Today, we’re delivering several tips to help you improve the screening process , work seamlessly with inherited tenants , and raise rents without pushback! Welcome to another Rookie Reply ! In this episode, we not only talk about dealing with tenants but also get into the different types of hard money loans and how to use them. Is an accessory dwelling unit (ADU) attached to th...
Mar 01, 2024•31 min•Ep. 374
Building a real estate business is one of the best ways to unlock financial freedom , but that’s not to say that every strategy is the right fit for you. Today’s guest had to strike out multiple times before arriving at the perfect real estate investing strategy ! Like many new investors , Nicole Rutherford got her start in the rental arbitrage space, where she would bring in at least $1,500 per unit each month . But once landlords decided to raise rents and more competition arrived, her profits...
Feb 28, 2024•46 min•Ep. 373
For some people, real estate investing is “too risky.” But what if a small, cash-flowing portfolio could provide financial stability when you lose your job? If you asked today’s guests, they might say it’s too risky NOT to buy rental properties ! Welcome back to the Real Estate Rookie podcast ! Kevin and Julia Windheuser got into real estate at the perfect time. Shortly after building a small portfolio with six total doors , Kevin was let go from his “safe” engineering job. With no W2 income , t...
Feb 26, 2024•42 min•Ep. 372
Need to estimate rehab costs or calculate ARV (after-repair value) on a property? For new investors , these tricky tasks can often make or break a deal. But, as always, our hosts are here to deliver some helpful tips! Welcome back to another Rookie Reply ! After diving into rehab costs, discussing hard money , and weighing the pros and cons of FHA loans , real estate tax strategist Natalie Kolodij returns to the show to deliver some extra tax advice . She talks about passive losses and why you n...
Feb 23, 2024•33 min•Ep. 371
Airbnb arbitrage is a real estate investing strategy that provides a low-cost, low-risk entry point for new investors . While you don’t get the appreciation or tax benefits of property ownership , arbitrage can deliver cash flow in spades! Welcome back to the Real Estate Rookie podcast ! Like many investors, Keron Bryce started house hacking to help cover his mortgage . Once he discovered the potential of short-term rentals , however, he converted his unit into an Airbnb and doubled his cash flo...
Feb 21, 2024•45 min•Ep. 370
Reaching financial freedom in ten years or less with a small real estate portfolio !? While it might seem like a lofty goal, it’s very doable when you maximize your cash flow and play the long game. If “ the lazy investor ” can do it, so can YOU! Welcome back to the Real Estate Rookie podcast ! When Dion McNeeley reached early retirement in 2022, he was raking in $200,000 per year from just sixteen units . Now, he’s using his newfound financial independence , knowledge, and resources to take a f...
Feb 19, 2024•50 min•Ep. 369
Want to pay less money to the IRS in 2024? We’ve got the real estate tax strategies to help you do just that. And get this—you don’t need a large real estate portfolio to benefit from these money-saving tax tips ! Welcome back to the Real Estate Rookie podcast ! Today, real estate tax strategist Natalie Kolodij lends her expertise on the many tax benefits of real estate investing . Natalie is not only a certified public accountant (CPA) but also a fellow investor, and in this episode, she shares...
Feb 16, 2024•43 min•Ep. 368
Commercial real estate investing might seem intimidating, but in many cases, this kind of rental property is even easier to buy than a single-family home . After two failed attempts, our own Tony Robinson unlocked the blueprint for buying commercial properties as a beginner ! Welcome back to the Real Estate Rookie podcast ! Recently, Tony took down his very first commercial deal —a thirteen-unit property he plans to transform into a hotel with self-check-in convenience . But this huge triumph di...
Feb 14, 2024•44 min•Ep. 367
Choosing to wholesale real estate might be the EASIEST way to kick-start your real estate investing journey . You don’t need a ton of money and you don’t need to take on debt. And with a couple of deals under your belt, you’ll have the money to buy your own investment properties ! Welcome back to the Real Estate Rookie podcast ! Today, Amina Stevens is an investor , wholesaler , and the host of First-Time Buyer's Club on the Oprah Winfrey Network . But only a few years ago, Amina was a high-scho...
Feb 12, 2024•49 min•Ep. 366
