Anyone can get into real estate investing. Seriously, anyone! With today’s high interest rates, it may be more difficult to find a rental property that cash flows, but even if you’re in a white-hot real estate market or don’t have much money, there are still many creative ways to get started!
Welcome back to the Real Estate Rookie podcast! From the moment his $22,000 military bonus hit his bank account, soldier Jean Augustin knew exactly how he’d be using the cash. After a few months of education and research, the perfect first property fell in his lap—a duplex that hadn’t even reached the multiple listing services (MLS). This 2020 deal was a home run by today’s standards, but as market competition increased and interest rates rose, Jean found that great deals were becoming scarce. Rather than switching markets or giving up on real estate, he pivoted to another investing strategy!
In this episode, you’re going to learn that you don’t need to find the perfect market—you just need to find the right strategy. Tune in as Jean shares his journey from long-term rentals to short-term rentals to medium-term rentals. Along the way, you’ll learn all about VA loans and their benefits, mistakes to avoid when analyzing an Airbnb, and how to make money without owning rentals!
In This Episode We Cover:
How to find the perfect investing strategy for your real estate market
Snatching up a GREAT deal before it reaches the multiple listing service (MLS)
How to create your own income stream from someone else’s property
The VA loan and its benefits (and a similar loan for non-veterans!)
Critical mistakes to avoid when analyzing a rental property
How to make more money from your Airbnb during slow months
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Buy the Book “Start with Strategy”
Property Manager Finder
See Ashley and Tony at BPCON2024 in Cancun!
Real Estate Rookie - Episode 261: How Nancy Rodriguez from ‘Love Is Blind’ Hit Financial Freedom BEFORE Fame
Jean’s LinkedIn
(00:00) Intro
(00:55) Investing His Work Bonus!
(07:04) Landing His First Deal
(12:58) Numbers on the Duplex
(16:28) VA Loan Pros & Cons
(21:31) Airbnb Arbitrage 101
(26:32) Critical Airbnb Mistakes!
(31:25) Pivoting to Medium-Term Rentals
(37:38) Connect with Jean!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-444
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