Getting laid off from your W2 job can be a crushing blow, but for today’s guest, it was the push she needed to finally bet on herself. Her first “real” rental property wasn’t the perfect deal, but it didn’t need to be. Today, it cash flows over $25,000 a year and has become her favorite creative outlet!
Welcome back to the Real Estate Rookie podcast! Where you invest is often just as important as the property itself, so when Alex Reeves had the opportunity to buy a run-down rental in a great area of town, she jumped—getting it under contract with only a day’s notice, sight unseen, over FaceTime. Despite going over budget by roughly $100,000, she finished the renovation, furnished the property, and had her listing up in only a few months!
Once a “house of horrors,” this same property now cash flows over $2,000 a month and has 100% five-star reviews on Airbnb. How? Stay tuned as Alex walks you through the entire journey of buying, rehabbing, and renting out this property—the good, the bad, and yes, even the ugly!
In This Episode We Cover:
How Alex makes over $25,000 in yearly cash flow from ONE rental property
How to get more funds for your renovation project when it goes over budget
The mindset shift that turned this “accidental landlord” into an Airbnb Superhost
Tips that will save you a fortune on your property’s design and furnishings
The keys to crafting a five-star experience with your short-term rental
How Alex spent an extra $100,000 on renovations (and still made money!)
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-665
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
