Real Estate Rookie
BiggerPockets
Ready to build your real estate empire… but not sure where to begin?Think of us as your personal trainer.From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.Looking to 10X your real estate investing business this year? This show isn’t for you.Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Monday, Wednesday and Friday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.
Episodes
Mentioned books
Aug 23, 2024 • 35min
Rookie Reply: House Hacking 101! Which Property to Buy & How to Scale Fast
Discover the power of house hacking as a low-risk entry into real estate! Find out how to create substantial cash flow and which properties are best suited for this strategy. Learn about the role of LLCs versus umbrella policies and what to consider before transferring property ownership. The discussion also offers innovative approaches to maximize rental income and tips on finding the right tenants. Whether you're a newbie or a seasoned investor, this dialogue provides valuable insights for scaling your portfolio quickly!
Aug 21, 2024 • 39min
Making $300K+ Profit Per Rental and Scaling FAST with “DADUs” w/Christian & Shannon Nossum
Christian and Shannon Nossum, seasoned house hacking experts, reveal how they turned their financial struggles into success through innovative real estate strategies. They dive into the lucrative potential of Detached Accessory Dwelling Units (DADUs), explaining how these can yield enormous profits without selling entire properties. The duo also shares insights on scaling investments, boosting cash flow with room rentals, and the benefits of student housing as a goldmine for investors in 2024. Get ready for impactful tips to transform your real estate game!
Aug 19, 2024 • 39min
4 Properties in 4 Years and Saving $40K on ONE Deal by Doing This w/Joe Schmitt
Joe Schmitt, an ambitious real estate investor, shares his journey of building a portfolio of four properties in just four years. He reveals how he creatively found extra income streams, tackled home renovations, and leveraged technology like AI to negotiate a $40,000 discount on a deal. Joe emphasizes the importance of visiting new markets before investing, using Accessory Dwelling Units (ADUs) to boost cash flow, and navigating the complexities of out-of-state investments. His insights will inspire rookies looking to thrive in today’s competitive housing market.
Aug 16, 2024 • 33min
Rookie Reply: Preparing for a Market Crash, Ending Leases, & Building Teams
Discover the essentials of building a stellar real estate team, crucial for every new investor looking to make their mark. Learn the steps to take when tenants want to break leases, ensuring you're protected with the right legal terms. Prepare for potential market downturns with actionable strategies to keep your investments thriving. Finally, explore creative exit strategies that safeguard your partnerships and financing arrangements. It’s packed with insights to help you navigate the dynamic world of real estate!
Aug 14, 2024 • 42min
The Rookie’s Secret Weapon for Creating Cash Flow in ANY Real Estate Market w/Jean Augustin
Jean Augustin, a soldier turned real estate investor, shares his transformative journey leveraging a military bonus to kickstart his investing career. He reveals how to thrive in tough markets, highlighting strategies like short-term rentals and the benefits of VA loans. Jean emphasizes the importance of adaptability—switching from long-term rentals to medium-term ones to maintain cash flow. He also explains the crucial aspects of finding great deals off-market and how to create multiple income streams without owning properties.
Aug 12, 2024 • 43min
How to Use “Asset Management” to Build Wealth (Even with a Small Portfolio!) w/Ashley Wilson
Ashley Wilson, a seasoned investor and author in real estate, shares invaluable insights into asset management, emphasizing that you don't need a large portfolio to build wealth. She discusses crucial skills for effective management and the key differences between asset and property management. Listeners will learn how to evaluate multifamily properties and implement winning value-add strategies. Ashley also highlights practical steps new investors can take to enhance their portfolio performance, regardless of size.
Aug 9, 2024 • 39min
Rookie Reply: How to Screen Tenants for Free & When to Cash-Out Refinance
Discover how to screen tenants for free and effectively without relying on costly property managers. Learn about house hacking to maximize your cash flow and creative ways to increase rental income. Delve into the pros and cons of cash-out refinancing amidst rising interest rates, and explore essential tips for navigating tenant eviction. Uncover legal intricacies surrounding tenant regulations and responsibilities, and gain insights into safeguarding your rental property with smart strategies.
Aug 7, 2024 • 24min
441: Turning $5,000 Into 50+ Doors and a 7-Figure Net Worth Before the Age of 30 w/Cody Caswell
Cody Caswell, a dynamic young investor who began his real estate journey at just 16 with a $5,000 investment, shares his remarkable success story. He reveals how that first deal launched him into a thriving career of flipping 15 houses annually and managing 56 units. Cody discusses effective strategies for buy-and-hold investments, the BRRRR method, and the importance of quality renovations. He emphasizes that starting small can lead to significant growth and success in real estate, all while avoiding common pitfalls.
Aug 5, 2024 • 43min
BiggerPockets Real Estate Episode 1,000: Real Estate Is Changing, and So Is BiggerPockets
Celebrating a milestone, the hosts introduce changes aimed at enhancing content quality and focus on authentic real estate investing. They discuss the evolving landscape of real estate, particularly in a high-interest rate environment, emphasizing creativity in investment strategies. Key insights include the importance of house hacking and the use of innovative tools like Deal Machine for off-market deals. The episode also differentiates between local and remote investing strategies, highlighting operational efficiency as a key to profitability.
Aug 2, 2024 • 49min
440: Rookie Reply: Rent-Raising Renovations, the 1% Rule, & Quitting Real Estate
Feeling overwhelmed by real estate ownership? Discover strategic renovations that can significantly raise your rental income. Learn about the one-percent rule—what it means for your investment decisions, and why it might not be a deal-breaker. Explore the advantages and disadvantages of turnkey properties before making that purchase. Plus, hear tips on when it might be time to sell your rental and how to manage the emotional rollercoaster of being a property owner. Gain fresh insights to help you thrive in real estate!
