You’re working hard to build generational wealth. But have you thought about a succession plan for your growing real estate portfolio ? Today, we’re going to show you several ways to create a better life for your children while reinforcing the values of hard work, sacrifice, and entrepreneurship! Welcome back to another Rookie Reply! Want to get more Airbnb bookings ? In today’s episode, we’ll show you how to choose short-term rental amenities that will improve your bottom line. We also dive int...
Jun 28, 2024•37 min•Ep. 425
If you want higher rents, more cash flow , and fewer hiccups, you DON’T need to buy more rental properties. You need better systems and processes. By implementing tactics, strategies, and procedures he learned from the military, today’s guest has achieved enormous success in his real estate business and is going to show YOU how to do the same! Welcome back to the Real Estate Rookie podcast! Angel Garcia has a modest real estate portfolio of five properties and is in no hurry to buy more. Meanwhi...
Jun 26, 2024•51 min•Ep. 424
You DON’T need a ton of money to find and fund real estate deals . Despite earning just $15,000 per year, today’s guest found the perfect property for him and scrounged the money to close. If you’re willing to learn, network, and put yourself out there, you can do the same! Todd Fullerlove Jr. had recently graduated college, gotten married, and welcomed his first child when the reality of starting a family hit him like a ton of bricks. Living paycheck to paycheck, his little family was forced to...
Jun 24, 2024•44 min•Ep. 423
You have home renovations in the pipeline…but who’s going to manage them? Do you need the expertise of a general contractor, or can you manage tradespeople yourself? With so much at stake, including your budget and timeline, we’re here to help you make the right choice! Welcome back to another Rookie Reply! In today’s episode, we’re bringing you expert tips to help with your renovations, from hiring general contractors to structuring agreements and more. We also talk about what to do when you’ve...
Jun 21, 2024•41 min•Ep. 422
A rental property that doesn’t cash flow can be a nightmare for new investors. But when the numbers no longer work, remember that not all is lost. Pivoting to another investing strategy can help save your property and get you right back in the green! Welcome back to the Real Estate Rookie podcast! Investor Kayley George had already built a small portfolio when she stumbled across an old, colonial-style home on the multiple listings service (MLS) . With big plans to convert it into a fourplex, Ka...
Jun 19, 2024•44 min•Ep. 421
Most real estate investors wait to save significant down payments on every property to grow their portfolios. But twenty-four-year-old Greyden Piechnick didn’t have time to wait. He knew creative financing was the only way. Troubled by his father’s serious health woes while still a high school senior, Greyden became extremely motivated to find financial freedom to spend quality time with his loved ones, and multifamily investing was the fastest way to reach this goal. Greyden delivered pizzas, w...
Jun 17, 2024•40 min•Ep. 420
Real estate is a people business. You could buy several rental properties , but without the right people in the right roles, you’re going to be swimming upstream. Today’s guest has dedicated many years of study to this problem and is here to help you make better people decisions! Welcome back to the Real Estate Rookie podcast! The success of your real estate business largely depends on the people around you, from partners to property managers. Ahead of the release of his new book, Good Judgment ...
Jun 14, 2024•52 min•Ep. 419
If you get your property management wrong, you could lose tens of thousands of dollars. A sketchy property manager could take all your rent and run, leaving you with the bills and no hope of recovering your long-lost rent checks. That’s precisely what happened to today’s guest, a seasoned real estate investor who’s even looked up to as an expert in the industry. Even he made a sizable property management mistake, and in this episode, we’re trying to help you avoid the same fate. The BiggerPocket...
Jun 12, 2024•49 min•Ep. 418
Do you want an asset that offers a TON of cash flow? Multiple income streams? How about forced appreciation ? Today, we’ll introduce you to an often-overlooked investing strategy that has something for everyone ! In 2018, Dylan Kidd was diligently climbing the corporate ladder. But a grueling schedule meant his family was getting his “leftovers,” and something had to give. Fortunately, he discovered real estate investing at the perfect time. Within only a few months, he had become passionate abo...
Jun 10, 2024•48 min•Ep. 417
Finding and funding real estate deals are the two biggest obstacles new investors face today. Are these skills preventing you from building your portfolio ? You’re in luck. Today’s expert will show you how to find, analyze , and finance deals like the smartest investors do! Welcome back to the Real Estate Rookie podcast! Henry Washington is not only a big-time investor with well over 100 doors but also a fellow podcast host and new author here at BiggerPockets. In anticipation of his upcoming bo...
Jun 07, 2024•43 min•Ep. 416
Real estate investing and contracting go hand in hand, but not many investors are bold enough to tackle their own home renovations . Today’s guest is , however, and he’s about to show you the business model he uses to create a ton of cash flow, scale his portfolio, and save a fortune on taxes! Welcome back to the Real Estate Rookie podcast! Today, we’re joined by Riley McFarland, who happens to be one of Ashley’s general contractors, as well as an investor closing in on twenty doors. Having grow...
Jun 05, 2024•41 min•Ep. 415
Do you dream of building a real estate empire and reaching financial independence but stop short due to the “ tenants and toilets ” problem? The irony wasn't lost on twenty-nine-year-old Dillon Leonard when a renter accidentally burned the roof off one of his properties. This incident, along with several others, prompted him to explore self-storage investing as a way to escape residential rentals while still allowing him exposure to real estate. Knowing little to nothing about this often-forgott...
Jun 03, 2024•43 min•Ep. 414
If real estate investing was easy, everyone would be doing it! The truth is that, despite the financial freedom and flexibility it offers, investing is hard work. And it’s even more difficult if you’re working a full-time job or raising a family. But with good time management and a little sacrifice, you can do it! Welcome back to another Rookie Reply! In today’s episode, we talk about the challenges of juggling a nine-to-five job and investing. We also discuss some of the most important document...
May 31, 2024•37 min•Ep. 413
Want to invest but fear you don’t have enough money to get started? Building a profitable real estate business could be the answer. This strategy allowed today’s guest to not only scale her portfolio but also develop skills to level up her own rental properties AND bring in $600,000/year! Welcome back to the Real Estate Rookie podcast! Today, we’re joined by the “accidental investor,” Terri-Leigh Huleis. Married with three children, Terri and her husband didn’t have enough money to buy a house …...
May 29, 2024•43 min•Ep. 412
If you’re willing to get your hands dirty, new builds and home renovations can deliver a HUGE return on investment (ROI) . Just ask today’s guest! After passing up on a deal that became a cash cow for another investor, he decided to put an end to his analysis paralysis, earn his general contracting license, and get right to work! Today, we’re joined by a former The Bachelorette contestant, NCAA Division I quarterback, and new investor. Despite many years in the spotlight, Tyler Cameron doesn’t p...
May 27, 2024•41 min•Ep. 411
Private money is a “secret weapon” for real estate investing , allowing you to dodge the major banks and fund real estate deals on your terms. But just how easy is it to get this type of funding? The answer might surprise you. You don’t want to miss this masterclass on direct lending! Welcome back to the Real Estate Rookie podcast! Concluding our three-part miniseries on the fundamentals of funding, we’re diving into direct lending with investor and fellow BiggerPockets host Henry Washington. In...
May 24, 2024•44 min•Ep. 410
Knowing how to get a mortgage is a crucial step in your journey to buy a rental property . Of course, the money side of things can be intimidating. How do you find a lender ? What type of mortgage do you need? When should you get a preapproval ? You likely have all sorts of questions…and we have answers! Welcome back to the Real Estate Rookie podcast ! In part two of our fundamentals of funding miniseries, certified mortgage advisor Jeff Welgan joins the show to share his lending expertise and e...
May 22, 2024•52 min•Ep. 409
Financing rental properties is a common roadblock that prevents many rookies from investing in real estate , but finding a great lender doesn’t have to be difficult! We’ve got some timely tips, tricks, and tools that will make funding ALL of your real estate deals easier than ever! Welcome back to the Real Estate Rookie podcast! Today, we’re bringing you part one of a three-part miniseries on the fundamentals of funding. We’re joined by investor concierge at BiggerPockets, Joe Coleman, who share...
May 20, 2024•47 min•Ep. 408
Are you tired of paying someone else’s mortgage? Then you’re in the right place. In today’s show, we’re sharing how to buy a home in 2024, even as a complete beginner, as we walk through a rookie’s step-by-step journey to purchasing his first primary residence, which could also become a rental! If you feel like you’re in the same position and want to be the receiver, not the sender, of monthly rent checks, tune in as we walk through how today’s rookie is gearing up to become a first-time homebuy...
May 17, 2024•42 min•Ep. 407
What goes into a commercial real estate deal? You’re about to find out! Fortunately, buying one of these properties isn’t quite the jump from residential real estate as you might expect it to be. Whether you’re a new investor or own several rentals, YOU, too, can buy a commercial property! Welcome back to the Real Estate Rookie podcast! A few months back, we chatted with Tony about his new thirteen-unit hotel in Utah. Since then, the hotel has officially launched, and today, we’re joined by not ...
May 15, 2024•40 min•Ep. 406
MANY people invest in real estate for financial freedom . Unfortunately, not all investors get there. The truth is that a little cash flow won’t allow you to quit your W2 job or support an early retirement . You need a LOT of cash flow, or you need a bigger portfolio! Welcome back to the Real Estate Rookie podcast ! With two college degrees and a successful career , Dan Marklin had what many people envy in life. But one day, after realizing that the top rung of the corporate ladder wasn’t as gla...
May 13, 2024•45 min•Ep. 405
How do you know if a rental property will make enough cash flow before you buy? Budgeting is KEY. When breaking down a deal, it’s critical that you account for the costs of all capital expenditures (CapEx) , maintenance, and repairs. Overlooking an important line item could easily put you in the red! Welcome back to another Rookie Reply! In today’s episode, we’re going to show you how to budget for the everyday operating costs that come with owning rental properties, as well as how to set minimu...
May 10, 2024•36 min•Ep. 404
Buying small multifamily properties is an easy way to build a portfolio, and with a little creativity, you don’t even need a ton of money! Despite a rocky start to his real estate journey, today’s guest was able to take advantage of a HUGE investing opportunity and buy several properties in very little time. Welcome back to the Real Estate Rookie podcast! Like many new investors, Sean Reischel started out using the house hacking strategy. Unfortunately, things didn’t go to plan, as an incident i...
May 08, 2024•42 min•Ep. 403
The hardest part of real estate investing is, of course, getting started. Once you have your first rental property , it’s much easier to scale your real estate portfolio than you might think—even if you don’t have much money to your name! Earning modest salaries from their nine-to-five teaching jobs, Rob Schou and his wife couldn’t afford a large down payment on an expensive property. But by starting multiple side hustles and sharpening their DIY home renovation skills, they were able to purchas...
May 06, 2024•47 min•Ep. 402
Want more cash flow with less stress while running your rental property portfolio? Then you need self-management ! Amelia McGee and Grace Gudenkauf , seasoned investors and the minds behind BiggerPockets’ newest book, The Self-Managing Landlord , show you exactly how to do it. This episode peels back the curtain on the misconceptions that scare most investors away from self-managing their properties (like those feared 2 AM toilet emergencies!). Amelia and Grace expose how these scenarios are les...
May 03, 2024•46 min•Ep. 401
This episode could make you $40,000. Seriously, one property management mistake cost our own expert investor, Dave Meyer, anywhere from $30,000 to $40,000, BUT it’s easier to avoid than you think. If you’re a rookie real estate investor, this single mistake could sink your portfolio and put you back years on your journey to financial freedom . So, what’s the mistake you must avoid, and how do you circumvent it to make more money while having less stress? It’s Real Estate Rookie episode 400, so l...
May 01, 2024•35 min•Ep. 400
What’s YOUR reason for investing in real estate ? For today’s guest, it was to achieve financial freedom and have a flexible schedule . By focusing on education , forming partnerships , and, most importantly, taking action , she was able to quit her job and acquire seven properties in just THREE years ! Welcome back to the Real Estate Rookie podcast ! Sarah Msuya was firmly entrenched in her successful banking career when life threw her a series of curveballs. After her son was born prematurely ...
Apr 29, 2024•36 min•Ep. 399
Small multifamily real estate investing can lead you to financial freedom faster than you think. Compared to traditional single-family rental properties, small multifamily properties often offer more cash flow, the ability to scale quicker , and less competition than the properties every first-time home buyer is looking for. Small multifamily investing is so good that it remains seasoned investor Dave Meyer’s favorite way to invest after over a decade of investing in rental properties. So, how d...
Apr 26, 2024•49 min•Ep. 398
If you own a rental property , it’s YOUR responsibility to provide a safe environment for tenants . This starts with things like tenant screening , security upgrades , and most importantly, acting swiftly when a resident is in danger! Welcome back to the Real Estate Rookie podcast ! Eileen Daugherty is not only the property management business consultant here at BiggerPockets but also a fellow real estate investor , and today, she joins the show to talk about property management , new constructi...
Apr 24, 2024•42 min•Ep. 397
You want to invest in real estate , but you don’t have the money . Are you out of luck? Good news—money is NOT a dealbreaker. There are several levers you can pull to get the capital you need, and today’s guest is going to share them with you! Welcome back to the Real Estate Rookie podcast ! Shortly after being cut, former professional football player Darnell Leslie was determined to try his hand at real estate investing . There was only one problem: he needed money . But, after convincing some ...
Apr 22, 2024•54 min•Ep. 396
