So you want to start investing in real estate but have ZERO experience. What should you do? The good news is that even if you don’t know how to invest in real estate, you can get started relatively quickly, especially if you avoid the common rookie mistakes. To help you jump over the investing hurdles, instead of running right into them, Dave brought on Tony Robinson, top short-term rental investor, and Henry Washington, repeat co-host and long-term rental investor, to share exactly what they’d do if they were starting from scratch in 2025.
Both Henry and Tony have scaled very fast. They own seven-figure real estate portfolios producing hundreds of thousands in rent yearly. But neither of them has been investing for more than ten years. How did they scale their real estate portfolios so quickly? They learned from their mistakes FAST and are teaching you the same lessons on today’s show.
In this episode, we’re going through the beginner steps you should take to build a real estate portfolio starting in 2025. We’ll discuss whether you should buy long-term or short-term rentals, how to choose a market to invest in, knowing how much you can afford, the many ways to find real estate deals, and the one thing Henry and Tony WISHED they had done earlier. Ready to start investing in 2025? This is your quick guide!
In This Episode We Cover:
Best beginner real estate investments and whether you should buy or build your first rental
What to do when you don’t have tons of money to invest and how to calculate your buying power
How to find real estate deals even if you’re low on time or money
The one thing Henry and Tony advise every rookie real estate investor to start doing NOW
Emergency reserves and why you must keep cash on you when you start investing
And So Much More!
Links from the Show
Join BiggerPockets for FREE
Let Us Know What You Thought of the Show!
Real Estate Rookie Podcast
On the Market Podcast
Get a Quote on Your Next Short-Term Rental Loan with Host Financial
Start from Scratch with “The Book on Rental Property Investing”
Find an Investor-Friendly Agent in Your Area
Real Estate Investing For Beginners: How To Get Started
Connect with Henry
Connect with Tony
Connect with Dave
(00:00) Intro
(01:01) Best Starter Investments
(03:08) Short-Term Rentals
(08:42) 1. Choose a Market
(10:04) Long-Term Rentals
(14:42) 2. Know Your Buying Power
(18:39) 3. Finding Real Estate Deals
(24:21) 4. Document EVERYTHING
(28:39) 5. Start a “Reinvestment” Fund
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1041
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