Real Estate Rookie 327: From Parents’ Basement to Full-Time Investor and $2,500/Month with ONE Rental w/Noah Sprimont
In just a few years, you can go from no cash flow or investing experience to owning a sizable real estate portfolio, with passive income flowing in and free rent, EVEN if you’re in your early to mid twenties. Not possible? Today’s guest would beg to differ.
Welcome back to the Real Estate Rookie podcast! Today, we’re chatting with investor Noah Sprimont, who has had quite the real estate journey to date. Noah became obsessed with the idea of reaching financial freedom through real estate while he and his now-fiancée were living with his parents. To fast-track his development, he not only immersed himself in BiggerPockets content but also took up several W2 jobs that would help him hone the skills he needed to become a successful investor. Laser-focused on making it in real estate, Noah dabbled in several real estate strategies before discovering the cash flow potential of short-term rentals.
If a bumpy start to your real estate journey has caused you to feel discouraged, you’ll want to hear how Noah was able to tackle his own feelings of self-doubt and fear of the unknown in this episode. You’ll also learn which skills can help you prepare for real estate investing, how to find flexible financing options for your deals, and what every rookie investor can bring to a partnership—regardless of the number in your bank account!
In This Episode We Cover
What you MUST do to maximize your short-term rental cash flow
Developing invaluable skills that will help you transition into a career in real estate
Quitting your W2 to pursue full-time real estate investing
Flexible financing options you can get through a smaller bank or credit union
How to cover even the most unexpected home renovation costs
Three essential tips that will make your next home renovation project a HUGE success
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Real Estate Rookie Facebook Group
Submit Your Real Estate Rookie Question!
2 Long-Distance Rentals with $0 Down with Tony Robinson
How to Invest in Short Term Rentals (STR)
Books Mentioned in the Show
Real Estate Partnerships by Ashley Kehr & Tony Robinson
Connect with Noah:
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-327
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