Can you still make huge profits from real estate in today’s market? While high interest rates and inflated home prices can make it difficult to find a cash-flowing rental property , there’s another strategy that delivers big returns—if you can stomach the extra risk: house flipping ! Welcome back to the Real Estate Rookie podcast ! James Dainard is a master house flipper, co-host of the On the Market podcast , and, most recently, author of The House Flipping Framework . With over eighteen years ...
Nov 13, 2024•43 min•Ep. 483
Can you still find great deals in today’s cutthroat housing market ? Of course! But you may need to go off the beaten path. Rookie investor Karl Denton looks beyond the MLS (multiple listings service) , focuses on undervalued and distressed properties , and even does his own home renovations to create value. If he can do it, YOU can, too! Welcome back to the Real Estate Rookie podcast ! Karl has a superpower—finding hidden gems that other investors overlook. And he’s not doing anything that you ...
Nov 11, 2024•51 min•Ep. 482
You’re planning to move soon and are asking yourself, “ Should I sell or rent my house? ” What if you’ve got little-to-no cash flow potential? Is future appreciation worth betting on? Maybe you need to renovate before you sell or rent; now, the question becomes, “ How to finance home renovations ?” Don’t stress; we’ve got you covered on all fronts in this episode as we walk through how to decide whether to sell or rent, the best ways to fund home renovations , and answer the mother of all rookie...
Nov 08, 2024•30 min•Ep. 481
Real estate investing could help you achieve your financial goals, whether it’s to make enough cash flow to replace your W2 income or build wealth for an early retirement . Like many, today’s guest is chasing financial freedom , and thanks to a unique property that brings in $5,000 in monthly cash flow , he’s well on his way! Welcome back to the Real Estate Rookie podcast ! Rocky Gibson knew he wanted to invest in real estate since his college days, so after landing his first “real” job out of s...
Nov 06, 2024•39 min•Ep. 480
Can you start investing in real estate WITHOUT a stable W2 job ? How will you get a loan? What happens if you have a fluctuating income? Are you completely out of luck? Not at all! Today’s guest, David Sladewski , proves that you can STILL invest in real estate no matter your age, experience, or whether you have a “stable” job. At just twenty years old , he already has three rental units and a live in flip ; plus, he did it all while self-employed. At the age of seventeen, David learned about re...
Nov 04, 2024•40 min•Ep. 479
Want to build your rental portfolio FAST ? Today, we’re teaching you how to buy multiple rental properties per year , the best tips to raise rents while keeping tenant turnover low, and what to know before you start buying houses at auction . Each of these topics will help you not only build a real estate portfolio but also keep it profitable so you can reach financial freedom and realize your goals faster! Since it’s a Rookie Reply , you know that these are all real questions coming directly fr...
Nov 01, 2024•27 min•Ep. 478
Want to know how to flip a house in 2024? We brought on a rookie with a real-life deal to walk through every beginner step of flipping houses so you can go out and make money, too! We know Rene Hosman as our community manager here at BiggerPockets, but she’s also a brand new house flipper! She just got her first house flip under contract , so we’ll be bringing her on the show to share her progress and teach YOU how to do it today. In part one, Rene describes how she found this deal in the pricey...
Oct 30, 2024•32 min•Ep. 477
Today’s guest bought his first rental property within just ninety days of learning about real estate investing. So, if you’re wondering how to buy a rental property or get started with out-of-state real estate investing ASAP, Jeff Costa is the person to listen to. Instead of sitting in analysis paralysis, Jeff knew it was CRUCIAL to pull the trigger on an investment property once he had heard the podcasts, read the books, and felt educated enough. Within just two years, Jeff has bought two small...
Oct 28, 2024•35 min•Ep. 474
Want to know how to find off-market properties WITHOUT cold calling and talking to sellers all day? Where is the best place to find furniture for your short-term rental or Airbnb? Is real estate wholesaling nearing its end as buyers and sellers get frustrated with these middlemen? It’s another Rookie Reply , so we’re taking these questions (and a few others) and answering them on this episode! First, if you have a long-term and short-term rental on the same lot , how do you keep the tenants and ...
Oct 25, 2024•36 min•Ep. 475
This rookie investor decided that instead of purchasing her own home , she’d buy rental properties in other areas, helping offset her high cost of living. Within just around a year, Mary Ho has bought a run-down property, performed a six-figure renovation project, got her first renters, refinanced the property, and then bought ANOTHER rental right after ! Now, she’s sitting on two properties with three units in total, managing her rentals remotely and building wealth without the traditional boun...
Oct 23, 2024•39 min•Ep. 474
Your first rental property is out there; it just may not be where you live . Austin Wolff came to this conclusion quickly. After paying his “cheap” rent of $1,600 per month for a small place in Los Angeles, he knew he needed to start saving up the money to buy his first investment property if he was ever going to afford to live in Southern California full-time. So, he began compiling a list of America’s most affordable, growing real estate markets. He found what he believed to be the best bet, p...
Oct 21, 2024•36 min•Ep. 473
Let’s say you’ve got $40,000 to invest . You could split the money into two down payments and buy more properties or partner with someone with money and build a bigger real estate portfolio. But even though you CAN do this, it might be a better idea to stay a small investor . Why? We’re talking about it in this episode, along with some of the regrets we have from scaling far too fast . Welcome back to another Rookie Reply ! Today, we’re showing you how to run real estate “comps” to find the righ...
Oct 18, 2024•30 min•Ep. 472
Has the Airbnb market become TOO saturated? It might not matter if you can rise above the competition and make your property stand out like Katie Cline did. Thanks to luxury amenities , personalized touches, and an unforgettable guest experience, her two rental properties bring in a whopping $30,000 in annual cash flow ! Welcome back to the Real Estate Rookie podcast ! When Katie saw a golden opportunity to combine her extensive background in hospitality with real estate investing , she bought t...
Oct 16, 2024•37 min•Ep. 471
Do you want to buy your first rental property but can’t find affordable real estate in your area? You’re not alone! As a science teacher living in New York City, Lauren Mattina was priced out of her own market. But a simple move helped her find a cash-flowing property and brought her one step closer to financial freedom , and YOU could do the same! Welcome back to the Real Estate Rookie podcast ! Lauren never had a high-paying job , but she knew that real estate investing could give her the opti...
Oct 14, 2024•33 min•Ep. 470
Investing for cash flow or equity is an age-old debate, but what’s the best approach for a new investor? Should you focus on making a monthly profit right off the bat or play the long game with equity growth and appreciation ? You might be surprised to hear where Ashley and guest co-host Noah Bacon land on this topic! Welcome back to another Rookie Reply ! How much money do you actually need to buy your first rental property ? Should you put down as little as possible and use debt to get your fo...
Oct 11, 2024•39 min•Ep. 469
Do you want to break into the short-term rental space? It’s not as simple as picking a popular market, buying a rental property , and listing it online. To have a successful Airbnb business , there are three crucial steps you need to take, and we’re going to break them down in this episode! Welcome back to the Real Estate Rookie podcast ! In just four years, Tony and Sara Robinson have built a very successful vacation rental portfolio that is on track to make over two million dollars in revenue ...
Oct 09, 2024•31 min•Ep. 468
Three years ago, Luke Otto knew next to nothing about rental properties. His interest was instantly piqued when he got into a conversation about real estate investing with an old friend. He went home and immediately started reading The Book on Rental Property Investing , and from there, he knew what his next move was. Shortly after, he was at the closing table , feeling the “fear” of putting a five-figure down payment on a rental property. Did it work out for Luke? It did, indeed! Fast forward t...
Oct 07, 2024•40 min•Ep. 467
Floods , evictions , and bad property managers on ONE rental property ?! These are the kinds of things that spook rookies out of real estate investing altogether. Fortunately, many of these issues are avoidable , and today, we’ll equip you with some property-saving advice that could help you prevent a major blunder! Welcome back to another Rookie Reply ! While scouring the BiggerPockets Forums this week, we stumbled on a full-blown horror story that involves several problems with the same proper...
Oct 04, 2024•34 min•Ep. 466
How hard is it to buy a rental property in 2024? With all the buzz around high interest rates and soaring home prices , you’d think that investing in today’s market is a lost cause. But if a nineteen-year-old can take down his first real estate deal with very little education or experience, there’s no reason why you can’t invest, too! Welcome back to the Real Estate Rookie podcast ! After learning about FIRE (financial independence, retire early) , Elijah Berg realized that wealthy people had so...
Oct 02, 2024•30 min•Ep. 465
Snowballing a $20,000 investment into eleven rental properties …in under four years ?! Most investors are happy to add ONE property to their real estate portfolio every year or so, but this rookie wants to get a head start on his ultimate goal—creating enough cash flow to retire him and his wife ! Welcome back to the Real Estate Rookie podcast ! After years of job hopping, Bryan Field wondered whether settling into a traditional nine-to-five job would ever be in the cards for him. As fate would ...
Sep 30, 2024•39 min•Ep. 464
Finding, screening, and placing new tenants for your rental property is not only difficult—it’s expensive! Want to attract the best tenants in town and ensure that they stick around for the long haul? You won’t want to miss this episode! Welcome back to the Real Estate Rookie podcast ! As the self-proclaimed “lazy investor,” Dion McNeeley wants to have long-term tenants and as little turnover as possible. Today, he’s going to share the tips, tricks, and tactics he uses to keep tenants around for...
Sep 27, 2024•40 min•Ep. 463
This assistant principal slowly and steadily used home equity to invest , helping him acquire seven properties in just over ten years . These properties have now seen sizable appreciation , and he has hundreds of thousands of dollars in equity , all thanks to taking it slow and making the right moves on the right rental properties. This might be one of the most repeatable paths to wealth out there, and you can copy it to a tee to build wealth, too! James Likis got his start where many rookie inv...
Sep 25, 2024•40 min•Ep. 462
Want to work less , make more , and do it all by spending as little as five dollars per hour ? Great! You’ll need to know how to hire a virtual assistant for real estate investing. Doing so can free up hours (or even days) of your time per week, letting someone else, who might have even more experience than you, help grow your business/real estate portfolio while YOU focus on the things YOU do best. Not only that, virtual assistants are often cheaper, faster, and better at tasks you've considere...
Sep 23, 2024•35 min•Ep. 461
Do you want extra cash flow ? Higher appreciation ? More bookings ? A few high-ROI renovations or new amenities could pay off in a HUGE way. But which projects will give you the best bang for your buck? Stay tuned because we’re sharing some of our favorite additions in this episode! Welcome back to another Rookie Reply ! Are you using the wrong investing strategy ? Maybe short-term rental regulations are cutting into your revenue, or your long-term rental isn’t cash-flowing. We’ll discuss how to...
Sep 20, 2024•31 min•Ep. 460
Visit PassivePockets , your resource for passive investing with syndications. Do you want to get into real estate without managing rentals and dealing with tenants ? Passive real estate investing could be the answer. In this episode, we’ll explore an investing strategy that allows you to enjoy all of the profits , appreciation , and tax benefits of real estate investing without the headaches of ownership! Welcome back to the Real Estate Rookie podcast ! Today, we’re joined by Jim Pfeifer , host ...
Sep 18, 2024•38 min•Ep. 459
One rental property could give you a little cash flow , but if you want to reach financial freedom , quit your nine-to-five , and even retire early , you’ll need to scale your real estate portfolio . This might seem like a daunting task, but in today’s episode, we’ll show you how to go from a novice investor to a wealth-building entrepreneur ! Welcome back to the Real Estate Rookie podcast ! Off the back of their latest book, Scaling Smart , Kathy and Rich Fettke join the show to share their bes...
Sep 16, 2024•41 min•Ep. 458
Analyzing Airbnbs is tough, especially for a new investor . Which properties make the best vacation rentals ? Which amenities should you prioritize? Do you need an exit strategy if things go south? Stay tuned as we show you how to get the best possible return on your short-term rentals ! Welcome back to another Rookie Reply ! Leveraging home equity is one of the easiest ways to build and scale a real estate portfolio , and in this episode, we’ll share some creative strategies you can use to tap ...
Sep 13, 2024•31 min•Ep. 457
What’s stopping you from investing in real estate ? Money? What if there was a profitable rental you could buy with just $500 down ? Well, today’s guest has found the perfect investment for rookies—a low-money, low-maintenance, low-risk rental that can cash flow as much as many single-family homes ! Welcome back to the Real Estate Rookie podcast ! JJ Williams only had to pay a $500 deposit to secure an asset that cash flows over $2,000 some months. And this home-run investment was just the start...
Sep 11, 2024•32 min•Ep. 456
Can real estate investing still propel you to financial independence in 2024? Despite starting with very little money or know-how, this investor found creative ways to build a real estate portfolio of five rental properties and reach his financial goals! Kadeem Leslie was just fifteen years old when he learned about FIRE (financial independence retire early) and set a lofty goal of retiring by thirty . He knew that real estate would need to be part of his journey, but like many new investors, he...
Sep 09, 2024•38 min•Ep. 455
You’re trying to buy your first rental property , but you keep losing out to buyers making cash offers and waiving inspections . Are you doing something wrong? In this episode, we’ll show you how to find more deals , improve your offers , and even be the first one to the party! Welcome back to another Rookie Reply ! One of the biggest perks of real estate investing is the home equity you build through loan paydown —money you can use to grow your real estate portfolio . But between cash-out refin...
Sep 06, 2024•31 min•Ep. 454
