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
9 snips
Aug 31, 2024 • 44min
How to Find Real Estate Deals (and Analyze Them) in 5 Easy Steps w/Dave Meyer
Dave Meyer, Head of Real Estate at BiggerPockets, shares expert insights on finding lucrative real estate deals. He reveals five essential steps to streamline your investment search and discusses the importance of building a 'buy box' to focus your efforts. Learn how to network effectively to receive investment opportunities directly from other investors and agents. Plus, discover how to swiftly analyze rental properties using BiggerPockets' calculators. This conversation is packed with valuable strategies for both new and seasoned investors!
Aug 30, 2024 • 36min
Rookie Reply: Rental Arbitrage 101 and How to Invest Your Home Equity
Discover how to kickstart your real estate journey with rental arbitrage, a low-cost strategy to create cash flow without owning properties. Learn about leveraging home equity through the BRRRR method and understand when to opt for a cash-out refinance versus a HELOC. The hosts share insights on managing rental arbitrage in shared spaces, addressing common challenges, and improving tenant relations. Plus, get tips on effective communication for rental increases and navigating transitions with existing tenants.
Aug 28, 2024 • 39min
Rental Property Analysis in 2024: Find Cash Flow Even w/High Interest Rates
Dive into the essential skills of rental property analysis that can transform you into a savvy investor. Understand your motivations and the right strategy before analyzing deals. Discover why high interest rates shouldn't halt your investing journey and learn about two property types that promise cash flow. Get tips on adjusting your buy box to find overlooked gems in the market, and watch out for common rookie mistakes that can lead to missed opportunities!
Aug 26, 2024 • 38min
Bankruptcy to Financial Freedom in Under 10 Years with a $1M+ Net Worth w/Diem Martin
Diem Martin, a real estate investor who turned her life around from bankruptcy to financial freedom in just a decade, shares her inspiring journey. She discusses her use of house hacking to build a property portfolio worth $1.2 million with eight doors across four properties. Diem provides insights on securing a loan post-bankruptcy and investing in high-cost markets. She emphasizes the need for properties to cash flow as long-term rentals and offers tips on achieving financial independence through strategic real estate investments.
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.
