One messy, imperfect, low-cash-flow rental property could change your life forever, but maybe not in the way you’d think. No one retires off ONE property, but that first property can provide the education, mindset, and momentum to fuel your second, third, and fourth deals. Today, we’re breaking down our first real estate deals—the ups, the downs, and mistakes we made that YOU should avoid!
Welcome back to the Real Estate Rookie podcast! In this episode, we’re winding back the clock and sharing how we got started in real estate. While Ashley invested in her own backyard and found a partner to help fund the deal, Tony invested out of state and managed renovations remotely. You’ll hear how we stabilized the properties, rented them out, and, eventually, sold them for a big payday!
Whether you’re new to the world of real estate investing or struggling to take action, this episode has something for you. We’ll share why finding your first deal is more important than finding the “perfect” deal, how to use real estate partnerships to fast-track your investing journey, and what we’d do differently if we were starting over today!
In This Episode We Cover
How Ashley and Tony found and funded their first real estate deals
The secret to managing a successful renovation project from afar
Creative ways to buy your first rental property with little money out of pocket
How to use the power of partnerships to scale your real estate portfolio
Why we ended up selling our first properties (and how much we made!)
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-573
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