Real Estate Rookie

Learn how Bailey Kramer went all-in on real estate investing, making $7,000/month in cash flow from 3 rental properties. Discover his strategy for maximizing cash flow across his portfolio, obtaining DSCR loans, building an out-of-state investing team, and finding the perfect neighborhoods to invest in. Dive into the world of remote investing, co-hosting Airbnb properties, and the low-cost, low-risk way to get into real estate. Get inspired by Bailey's journey to success and start your own real estate investing journey today!

Learn how to jumpstart your real estate investing journey, when to walk away from deals, and how to work 'sweat equity' into partnerships. Get expert tips on finding the right co-host for managing rental properties and exploring new short-term rental markets.

Learn how to buy your first rental property in 90 days with expert tips from Dave Meyer. Discover tools for analyzing deals quickly, finding great real estate deals, and securing financing. Dive into the world of real estate investing with actionable steps and community support.

Learn how Dave Williams paid off $100K debt with 3 rentals using low-money strategy. He shares insights on Denver market, 2-1 buydowns, renovation questions, and rental horror stories. Discover his journey from physical therapy to real estate, maximizing investment strategies, emotional impact of budgeting, real estate finance apps, reselling properties, and managing tenant turnover costs.

Topics include cash flow vs. appreciation, forming partnerships in real estate investing, insurance options for landlords, using LLCs for asset protection, and comparing HELOCs vs. cash-out refinance.

Discover the shocking story of a $150K rental property almost stolen in a real estate scam. Learn valuable lessons on tenant screening, avoiding scams, and investing in your hometown. Explore the benefits of mixed-use buildings, creative financing, and expanding into out-of-state markets.

Former football coach turned real estate investor, Adam Howard, shares how he snagged a 13-unit hotel for $160k per year with seller financing. He discusses the challenges and successes of the deal, including finding the perfect partner and adding value to the property. Howard also talks about out-of-state investing, building a strong team, and leveraging retirement accounts for more properties.

Every landlord wants the best possible tenants in their rental property, but of course, this doesn’t happen by chance. Today, we’re delivering several tips to help you improve the screening process, work seamlessly with inherited tenants, and raise rents without pushback!Welcome to another Rookie Reply! In this episode, we not only talk about dealing with tenants but also get into the different types of hard money loans and how to use them. Is an accessory dwelling unit (ADU) attached to the property you’re looking to buy? We discuss how showing its potential income can help you qualify for a loan. Finally, real estate investing is no walk in the park, despite what social media might have you believe. Stick around as we touch on some of the hard truths that new investors should know!If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE).In This Episode We Cover:How to screen tenants for your rental (and the three types of checks you need to run!)Why you NEED estoppel agreements when inheriting tenantsDifferent types of hard money loans (and what they cover)How to bolster your loan approval odds with accessory dwelling unit (ADU) incomeThe hard truths people DON’T tell you about investing in real estateAnd So Much More!Links from the ShowFind an AgentFind a LenderAshley's BiggerPockets ProfileAshley's InstagramTony's BiggerPockets ProfileTony's InstagramReal Estate Rookie Facebook GroupJoin BiggerPockets for FREESubmit Your Real Estate Rookie Question!Apply to Be a Guest on the “Real Estate Rookie” PodcastGrab Your Copy of “Real Estate Partnerships”Financial Freedom in 10 Years and $200K Cash Flow with a Small Portfolio w/Dion McNeeleyTenant Screening Tools for Landlords:BiggerPockets ProAvailRentRediAppFolioBuildiumTenantReports.comSet Up Your Own Virtual Mailbox with PostScan Mail Check out more resources from this show on https://www.biggerpockets.com/blog/rookie-374Interested 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

Building a real estate business is one of the best ways to unlock financial freedom, but that’s not to say that every strategy is the right fit for you. Today’s guest had to strike out multiple times before arriving at the perfect real estate investing strategy!Like many new investors, Nicole Rutherford got her start in the rental arbitrage space, where she would bring in at least $1,500 per unit each month. But once landlords decided to raise rents and more competition arrived, her profits evaporated, and her Airbnb bookings took a nosedive. Suddenly, she was hemorrhaging money. With $130,000 in debt, Nicole was forced to cut her losses and start over. Rather than giving up on real estate investing, however, she simply pivoted to another strategy. Just one year later, Nicole is debt-free and runs a thriving Airbnb co-hosting business with fourteen units!Whether you’re new to the world of real estate or looking to pin down your strategy, there’s plenty of helpful information to glean from this episode. Tune in as Tony and Nicole discuss the differences between arbitrage and co-hosting, the different services that co-hosts provide, and what to include in your co-hosting agreements. You’ll also learn how to leverage your network to find your first clients and how to build trust with property owners!In This Episode We Cover:Building a profitable real estate business (and common mistakes to avoid!)How Nicole climbed out of $130,000 in debt with Airbnb co-hostingFinding your first clients through your own real estate networkThe importance of maintaining transparency with guests and property ownersKey terms and conditions you MUST include in your co-hosting agreementHow to pivot to a new investing strategy when one isn’t workingWhy you DON’T need to hit a home run on your first real estate dealAnd So Much More!Links from the ShowFind an AgentFind a LenderAshley's BiggerPockets ProfileAshley's InstagramTony's BiggerPockets ProfileTony's InstagramReal Estate Rookie Facebook GroupJoin BiggerPockets for FREESubmit Your Real Estate Rookie Question!Apply to Be a Guest on the “Real Estate Rookie” PodcastMaking $140K/Year & Retiring His Wife in 18 Months with “Rental Arbitrage” w/Keron BryceHow to Start an Airbnb Business in a Brand New MarketRookie Reply: How to Choose Your Real Estate Investment StrategyConnect with Nicole:Nicole's BiggerPockets ProfileNicole's Instagram: @_nicolerutherford_Nicole's LinkedInCheck out more resources from this show on https://www.biggerpockets.com/blog/rookie-373Interested 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

For some people, real estate investing is “too risky.” But what if a small, cash-flowing portfolio could provide financial stability when you lose your job? If you asked today’s guests, they might say it’s too risky NOT to buy rental properties!Welcome back to the Real Estate Rookie podcast! Kevin and Julia Windheuser got into real estate at the perfect time. Shortly after building a small portfolio with six total doors, Kevin was let go from his “safe” engineering job. With no W2 income, the couple leaned on the steady income from their rentals. This $4,000 monthly cash flow bought them the time to not only work on their real estate business but also find Kevin a new job.In this episode, you’ll learn about the power of a “small and mighty” rental portfolio and how it can insulate your finances when times are tough. Kevin and Julia also talk about why they chose a market just outside their backyard, as well as how they estimate rehab costs. Tired of bad tenants? Julia shares the unique screening process she uses to guarantee the best tenants in town!In This Episode We Cover:How to build a small portfolio of cash-flowing rental propertiesHow multiple streams of income can save you financially in lifeChoosing a market when your backyard is too expensive to investHome renovation projects YOU can tackle (and which ones to outsource)Simple ways to estimate rehab costs as a new investorHow to improve your screening process and get better tenants in your rentalsAnd So Much More!Links from the ShowFind an AgentFind a LenderAshley's BiggerPockets ProfileAshley's InstagramTony's BiggerPockets ProfileTony's InstagramReal Estate Rookie Facebook GroupJoin BiggerPockets for FREESubmit Your Real Estate Rookie Question!Apply to Be a Guest on the “Real Estate Rookie” PodcastAchieving FI with Fewer Doors: The Small and Mighty Real Estate PortfolioMaking $10K/Month with a “Small and Mighty” Rental PortfolioHow to Screen Tenants for Rental PropertyRental Management Tools for Landlords:RentRediStessaConnect with Kevin & Julia:Kevin and Julia's Instagram: @luxlivingriCheck the full show notes here: https://www.biggerpockets.com/blog/rookie-372Interested 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