Are you stuck with a problematic property? What if you could create thousands of dollars in monthly cash flow just by pivoting to the right investing strategy for your property and market? That’s exactly what today’s guest did, and if you stick around, she’ll show you how to repeat her success!
Welcome back to the Real Estate Rookie podcast! Aleea Stanton’s grandparents gave up their home to put her through college, so after graduating from law school, she saved up and bought them a house. Little did she know that this would ignite a passion for real estate investing and home renovation projects. Before long, Aleea had gone on to fix and flip eight houses—averaging $40,000 in profit per home—and even pocketed a whopping $200,000 on her most recent flip!
Despite the huge profit margins she earned with this lucrative strategy, Aleea decided to diversify her real estate portfolio with buy-and-hold investing. Now, she brings in an additional $3,000 in consistent monthly cash flow, all thanks to a combination of long-term and medium-term rentals. Tune in as Aleea shares her biggest successes and several critical mistakes to avoid!
In This Episode We Cover:
Making thousands in monthly cash flow by pivoting to another investing strategy
Why diversification is one of the most powerful tools in a difficult housing market
The number one thing that will make or break your renovation projects
Why you should always order your own home inspection (even if you waive one)
Creative ways to find off-market real estate deals in a competitive market
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPockets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
Follow Real Estate Rookie on Instagram
Ask Your Question for a Future Rookie Reply
“Like” Real Estate Rookie on Facebook
Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust
Buy the Book “Start with Strategy”
Sign Up for the Real Estate Rookie Newsletter
Find an Investor-Friendly Agent in Your Area
Which Real Estate Investing Strategy Is Best for Your Goals?
(00:00) Intro
(00:35) Buying Her First House
(05:35) Flipping 8 Houses!
(08:12) Pivoting to Long-Term Rentals
(16:58) Finding Great MLS Deals
(28:20) Mid-Term Rentals & Off-Market Deals
(31:49) Connect with Aleea!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-533
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