Real estate investing isn’t always pretty. Today’s guests had to make some serious sacrifices to buy their first investment property—living out of an RV, with a newborn, in the middle of winter. This bold move not only made them $180,000 on their first deal but also helped them snowball to five properties!
Welcome back to the Real Estate Rookie podcast! Nichole and AJ Frandanisa sold their house to start investing in real estate. But not only that—they bought a rundown property and lived in an RV while doing their first live-in flip. This gave them the confidence (and the money!) to buy more properties using this same investing strategy—putting low money down, adding value, and selling renovated homes for a huge profit. They’ve already completed five real estate deals and are now moving into multifamily properties to build wealth even faster!
In this episode, you’ll learn how to get your spouse on board with your real estate investing dream, as well as how to use various negotiation tactics to get a better deal—especially in this market where buyers have more leverage. You’ll also learn the secrets to building your investing network, finding top-notch contractors, and keeping great tenants!
In This Episode We Cover
How selling their home (and living in an RV) helped this couple snowball to five properties
The powerful mindset shift that got Nichole on board with real estate investing
How solving one seller’s pain point helped Nichole and AJ buy their first house hack
How to put low money down and force appreciation with the live-in flip strategy
Building your network through the power of investor meetups and referrals
Seller concessions, escrow holdbacks, and seller invoices explained
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-605
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
