Do you need more money to buy your first rental property? Fortunately, there are all kinds of real estate side hustles you can use to supercharge your savings, all while learning the ropes of real estate investing. And in this episode, we’re going to share some of our favorites that YOU can start today!
Welcome back to another Rookie Reply! Today, we’re tackling more of your recent questions from the BiggerPockets Forums and BiggerPockets Facebook groups. First, a new investor has a lofty investing goal they want to achieve in just five years, and we’ll share our best advice and side hustle ideas to help them reach it. Next, we’ll hear from an investor who wants to buy their dream home. Can they leverage their current real estate portfolio to help fund it? Should they sell their rentals? Stay tuned to find out! Finally, what’s the best way to structure a real estate investing partnership? Should you go into business with a family member? We’ll share some crucial dos and don’ts!
Looking to invest? Need answers? Ask your question here!
In This Episode We Cover:
The BEST side hustles for making extra money and learning real estate
Whether it’s ever too late to start your investing journey
How many rental properties you need to achieve your cash flow goals
Our biggest fears, headaches, and lessons learned when WE started investing
How to leverage your current real estate portfolio to buy your next property
What you must know before forming partnerships (and how to structure one!)
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
Follow Real Estate Rookie on Instagram
“Like” Real Estate Rookie on Facebook
Ask Your Question for a Future Rookie Reply
Grab Tony & Ashley’s Book “Real Estate Partnerships”
Find Investor-Friendly Lenders
6 Real Estate Side Hustles to Make Extra Money & Gain Experience
(00:00) Intro
(00:35) Cash Flow Goals
(07:24) Biggest Fears & Headaches
(11:36) BEST Side Hustles
(18:42) Buying Your Dream Home
(24:24) Partnerships 101
(32:02) Ask Your Question!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-517
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