If you’re willing to get your hands dirty, new builds and home renovations can deliver a HUGE return on investment (ROI). Just ask today’s guest! After passing up on a deal that became a cash cow for another investor, he decided to put an end to his analysis paralysis, earn his general contracting license, and get right to work!
Today, we’re joined by a former The Bachelorette contestant, NCAA Division I quarterback, and new investor. Despite many years in the spotlight, Tyler Cameron doesn’t plan to escape the public eye just yet—trading a rose for a hammer in his latest show, Going Home with Tyler Cameron. In today’s episode, he discusses his journey into real estate, which began shortly after inheriting his childhood home. Wanting to honor his late mother, Tyler completed several renovations—making his fair share of mistakes along the way. Even with some tough lessons learned, the property rents for a pretty penny, giving him and his brothers another reliable stream of income.
Tune in to learn why Tyler got started in real estate (and why he almost didn’t), what drew him to new construction, and how he has built a three-million-dollar portfolio in only THREE years. He also offers his best short-term rental tips and shares why so many investors are flocking to his hometown of Jupiter, Florida—a growing market where high appreciation is the norm!
In This Episode We Cover
How Tyler built a three-million-dollar portfolio in just THREE years
Why market uncertainty shouldn’t stop you from investing in real estate
The keys to a successful home renovation project or new build
Why new construction might offer you the BEST return on investment (ROI)
Short-term rental tips for new investors (and why the customer is “always right”)
Why MORE investors are buying rental properties in Jupiter, Florida
And So Much More!
(00:00) Intro
(01:02) Renovating His Childhood Home
(04:47) $3M in 3 Years?!
(09:29) Life in the Spotlight
(13:42) KEY Lessons Learned
(21:57) Short-Term Rental Tips
(25:38) Investing in Jupiter, Florida
(30:28) New Builds vs. Renovations
(32:38) “Going Home with Tyler Cameron”
(36:08) Connect with Tyler!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-411
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Real Estate Rookie