Real Estate Rookie

Unlocking $8,500/month with just 10 rental units is no small feat! A savvy investor shares her creative strategies, from house hacking to themed rentals like a Taylor Swift Airbnb featuring a scavenger hunt. Discover how mixing investment styles and tapping into home equity can supercharge your cash flow. Plus, learn the secrets to scoring off-market deals and diversifying your portfolio to minimize risk. It's a masterclass in real estate ingenuity!

Struggling to finance your first rental property? You're not alone! Discover game-changing tips for securing loans, even with imperfect credit. Learn how to house hack effectively and explore refinancing options, weighing the pros and cons of higher interest rates. Dive into landlord challenges, from managing utility costs to navigating tricky tenant situations. This guide packs practical advice for overcoming common money hurdles and maximizing your investment potential!

What if you could create multiple income streams and live for “free” with just ONE rental? Today, we’ll show you why a small multifamily property is still one of the best investments you can make and how buying one in 2025 could catapult you toward financial freedom! Welcome back to the Real Estate Rookie podcast! With less competition than both single-family homes and large multifamily properties, small multifamily is the “sweet spot” for investors looking to break into real estate and buy their first rental property. Ashley started her investing journey with a duplex and still believes this is the best investing strategy for rookies today. In this episode, she will show you how to find and buy your first small multifamily property, step by step! Along the way, you’ll learn everything from developing your buy box and analyzing rental properties to getting the best financing terms with the house hacking strategy. But that’s not all. Once you have your property under contract, you’ll need to know how to find and manage tenants, so we’ll share the biggest (and most common) multifamily management mistakes to avoid! In This Episode We Cover How Ashley would invest in small multifamily if she were starting in 2025 House hacking to get low-money-down financing and live for “free” The investing strategy that gives you cash flow, appreciation, and tax-free gains The two biggest multifamily management mistakes (and how to avoid them) Why it’s easier to scale with small multifamily rentals than single-family homes And So Much More! Check out more resources from this show on ⁠⁠BiggerPockets.com⁠⁠ and ⁠⁠https://www.biggerpockets.com/blog/rookie-555 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

In this discussion, Luke Tetreault, a real estate investor and former welder, shares his inspiring journey of amassing 35 rental units and $8,000 monthly cash flow in just two years. He reveals how he leveraged networking and private money to kickstart his investing career. Luke offers tips on finding off-market deals and highlights the creativity behind purchasing an 18-unit mobile home park with zero cash down. His insights on using everyday hobbies to build a strong investing team are invaluable for beginners looking to make their mark.

New investors face hurdles when selecting their first rental property. Should they settle for what's affordable or wait for a better option? Exploring financing strategies like HELOCs can help maximize equity for future purchases. The podcast also discusses the importance of neighborhood selection and tenant compatibility for house hacking success. Lastly, it offers advice on managing neighbor relations to ensure a smoother rental experience. Get ready to navigate the complexities of real estate with valuable insights!

Miller McSwain, a former nuclear rocket scientist turned real estate investor and author of Co-Living Cash Flow, shares his journey of earning $8,000 monthly from real estate. He dives into the co-living strategy, revealing how to leverage unused space and reduce tenant turnover. Miller emphasizes the rising popularity of co-living in 2025 driven by favorable regulations and urban demand. He also offers insights on market analysis, property selection, and building community in shared living environments, making it a compelling option for aspiring investors!

Want to leave your nine-to-five for a “job” that gives you more time, flexibility, and potentially more money? Rentals could be your golden ticket to financial freedom. After tragedy turned her world upside down, today’s guest went all in on real estate investing. Just ONE year later, she makes $13,000 in monthly cash flow and has waved her W2 goodbye!Welcome back to the Real Estate Rookie podcast! Shortly after buying her first rental property, Allison Craft lost her brother in a tragic accident. With a new perspective on life, she decided to chase after what she valued most—more time with her young family. With just one short-term rental and a new co-hosting business, she now brings in more income than she ever did at her corporate finance job of 10 years!In this episode, Allison shares how she bought, renovated, and furnished her first rental property with limited cash and launched a real estate business that cash flows close to $10,000 a month. If you want to do the same—build a profitable business without owning rentals—stay tuned because Allison has the secrets to finding clients and scaling fast!In This Episode We Cover:How Allison scaled to $13,000 in monthly cash flow (in just ONE year)Building a profitable real estate business from scratch (step by step)How to make money in real estate without owning rental propertyWhen to quit your W2 job and go “all in” on real estate investingFast-tracking your investing journey with networking and mentorshipAnd So Much More!Links from the ShowAshley's BiggerPockets ProfileTony's BiggerPockets ProfileJoin BiggerPockets for FREEReal Estate Rookie Facebook GroupReal Estate Rookie YouTubeFollow Real Estate Rookie on InstagramAsk Your Question for a Future Rookie Reply“Like” Real Estate Rookie on FacebookFollow Real Estate Rookie on InstagramBiggerPockets Agent FinderBiggerStays YouTube ChannelGarrett’s InstagramAllison’s WebsiteCheck out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-551Interested 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

Garrett Brown, a short-term rental investing expert from Bigger Stays, joins to share insights on maximizing cash flow through innovative strategies. He discusses co-living arrangements, emphasizing the profitability of renting by the room. The conversation dives into effective market analysis for short-term rentals and managing investments remotely. They also highlight critical pitfalls to avoid, such as risky amenities that could lead to legal troubles. Tune in for a wealth of practical tips and fresh perspectives on successful real estate investing!

Zach Stanley, a savvy real estate investor at just 28, boasts 10 rental properties and over $1 million in equity. He emphasizes the power of playing the long game in real estate, showing how leveraging tenant payments builds wealth over time. Zach shares insights on finding great deals through conservative analysis and warns against common rookie mistakes. He delves into why appreciation often trumps cash flow and stresses the importance of reinvesting profits to scale your portfolio effectively.

Daniel and Rebeca Hawthorne, real estate investors who built a 32-unit portfolio in five years, share their inspiring journey from childhood homelessness to financial success. They discuss leveraging home equity to acquire their properties and transitioning from long-term to midterm rentals for better cash flow. The couple highlights the importance of community support, strategic networking, and overcoming tenant challenges, including a harrowing experience with a fraudulent caretaker. Their mission is to create generational wealth and empower others to achieve the same.