Seeing investors with hundreds of rental units can be intimidating, but you DON’T need a massive real estate portfolio to achieve your financial goals. As you’re about to hear, buying just one rental property could allow you to live rent-free and put you on the path toward financial independence!
Welcome back to the Real Estate Rookie podcast! From a young age, Ronny Heredia knew he wanted to achieve financial independence, but there had to be a better way than grinding away at a W2 job for 40-plus years. Naturally, he started investing in stocks, but before long, his curiosity had led him to real estate investing. He consumed as much information as he could, saved up some money for a down payment, and purchased his first property—a “luxury” house hack that covers his entire mortgage payment each month!
Now, Ronny has (good) problems on his hands. Should he pay off his mortgage or buy more rentals? We’ll explore all his options in today’s episode. But that’s not all. Ronny will also share some of the real estate investing hacks he’s picked up along the way—like the easiest way to raise rent (and keep your tenants happy) and how to use 100%-free AI tools to find the best real estate deals in your market!
In This Episode We Cover:
Fast-tracking financial independence with a “small and mighty” portfolio
Paying off your first property versus scaling your real estate portfolio
How to eliminate your mortgage payment with the house hacking strategy
The easiest way to negotiate rent increases with your tenants
How to use AI to find “hidden gem” properties that other investors overlook
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPockets Profile
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Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
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Ask Your Question for a Future Rookie Reply
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Real Estate Rookie 429 - The Investing “Map” You NEED to Uncover Hot Markets, Neighborhoods, & Deals
Real Estate Rookie 47 - 0 to 7 Deals in a Year Using Other People’s Money with Andres Bernal
Ronny’s Instagram
Browse AI
ChatGPT
Manage Your Rental with RentRedi! Collect Mobile Rent Payments, Find Qualified Renters, and Manage Accounting and Maintenance from Anywhere!
Buy the Book, “The Small and Mighty Real Estate Investor”
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Find an Investor-Friendly Agent in Your Area
Real Estate Rookie 463 - The “Lazy” Landlord’s Guide to Finding (And Keeping) Tenants & Raising Rents
Connect with Ronny
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-545
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