Real Estate Rookie

Tips on estimating rehab costs, finding hard money lenders, and discussing tax planning in real estate investing. Learn about tracking passive losses, tax benefits in partnerships, and the irreversible mistake to avoid on your tax return.

Airbnb arbitrage is a real estate investing strategy that provides a low-cost, low-risk entry point for new investors. While you don’t get the appreciation or tax benefits of property ownership, arbitrage can deliver cash flow in spades!Welcome back to the Real Estate Rookie podcast! Like many investors, Keron Bryce started house hacking to help cover his mortgage. Once he discovered the potential of short-term rentals, however, he converted his unit into an Airbnb and doubled his cash flow right off the bat. But Keron still aspired to grow his business. So, without a ton of money for down payments, he decided to try his hand at arbitrage—a strategy that helped him rake in $140,000 of pure profit last year and allowed his wife to leave her nine-to-five!Need an easy alternative to owning rentals? Arbitrage is not only a great way to test the waters before buying properties, but it’s also a profitable strategy in its own right! In this episode, you’ll learn about the pros and cons of arbitrage, the systems and processes you’ll need to automate your business, and the best way to find new units!In This Episode We Cover:How to get cash flow from real estate without owning rental propertiesThe strategy Keron uses to get a 100% cash-on-cash returnThe pros and cons of the rental arbitrage modelSystem and processes you NEED to scale your businessHow to convince a landlord to allow rental arbitrageLeveraging your network to acquire MORE unitsAnd 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” PodcastAirbnb Rental Arbitrage: How to Make Money Without Owning PropertyBuilding a 150-Unit “Lease Arbitrage” Empire and the STR Furnishing PlaybookTools to Analyze Short-Term Rentals:BiggerPockets Airbnb & Short-Term Rental CalculatorAirDNARabbuConnect with Keron:Keron's BiggerPockets ProfileKeron's FacebookKeron's Instagram: @keronbrycereiKeron's WebsiteCheck the full show notes here: https://www.biggerpockets.com/blog/rookie-370Interested 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

Dion McNeeley shares how he achieved financial freedom in 10 years with just 16 units generating $200k cash flow. He highlights the importance of finding deals on MLS, sticking to one investing strategy, and using unique methods to increase rental income. Learn how to build a buy box, evolve investment strategies, and implement tips for rookie investors.

Want to pay less money to the IRS in 2024? We’ve got the real estate tax strategies to help you do just that. And get this—you don’t need a large real estate portfolio to benefit from these money-saving tax tips!Welcome back to the Real Estate Rookie podcast! Today, real estate tax strategist Natalie Kolodij lends her expertise on the many tax benefits of real estate investing. Natalie is not only a certified public accountant (CPA) but also a fellow investor, and in this episode, she shares the unique real estate investing strategy she used to get started—flipping mobile homes! She also dives into the different types of partnerships and their tax advantages, as well as common house hacking misconceptions that cause new investors to miss out on important deductions.Need to sell a property? You’ll want to know about the exclusion that allows you to avoid capital gains tax. Natalie even gets into the short-term rental “loophole” that investors can use to reduce their taxable income each year. Of course, you don’t need to master the tax code before buying your first property—you just need to find a tax professional who specializes in real estate. So, Natalie offers three questions you MUST ask before hiring one!In This Episode We Cover:Must-know 2024 tax strategies for the small rookie investorCrucial real estate questions to ask a tax professional before hiring themHow to plan and file taxes for different types of partnershipsCommon house hacking misconceptions that cost investors thousands of dollarsThe short-term rental “loophole” that allows you to reduce your taxable incomeHow to dodge capital gains tax when selling your investment propertyThe most common tax mistakes that new investors make (and how to avoid them!)And 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” PodcastHear Natalie on the “BiggerPockets Money” PodcastWhat You Need to Do NOW to Pay Fewer Taxes in 2024How to (Legally) Avoid Taxes by Investing in Real EstateSeeing Greene: CPAs Answer YOUR Top Investing and Tax QuestionsThe Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard OfConnect with Natalie:Natalie's BiggerPockets ProfileNatalie's FacebookNatalie's LinkedInNatalie's InstagramNatalie's WebsiteCheck the full show notes here: https://www.biggerpockets.com/blog/rookie-368Interested 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

Commercial real estate investing might seem intimidating, but in many cases, this kind of rental property is even easier to buy than a single-family home. After two failed attempts, our own Tony Robinson unlocked the blueprint for buying commercial properties as a beginner!Welcome back to the Real Estate Rookie podcast! Recently, Tony took down his very first commercial deal—a thirteen-unit property he plans to transform into a hotel with self-check-in convenience. But this huge triumph didn’t come without a few costly mistakes. Before landing his “golden goose,” Tony missed out on two properties and lost thousands of dollars in the process. By his third attempt, however, he had cracked the code!If you want to scale your real estate portfolio and become a full-time investor, buying a commercial property might be your best bet. In this episode, Tony dives into the numbers and projections for his new hotel, as well as the biggest takeaways from his experience. He also shares how to find a market for a niche property, how to raise private capital for a large deal, and why it’s easier to approach an owner about seller financing on a commercial deal!In This Episode We Cover:How to buy commercial real estate as a novice investorFinding the right market for your niche propertyHow to raise capital to take down even bigger real estate deals The five factors that determine if you can compete in a marketWhy you NEED to develop your network before buying commercial real estateWhen to hire your first employee for your real estate businessAnd 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”Why Self-Storage Beats Rental PropertiesCommercial Real Estate Fundamentals for Successful InvestorsScaling from Single Family to Commercial Real EstateFind Your Next Commercial Property:CrexiLoopNetBizBuySellCheck the full show notes here: https://www.biggerpockets.com/blog/rookie-367Interested 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

Choosing to wholesale real estate might be the EASIEST way to kick-start your real estate investing journey. You don’t need a ton of money and you don’t need to take on debt. And with a couple of deals under your belt, you’ll have the money to buy your own investment properties!Welcome back to the Real Estate Rookie podcast! Today, Amina Stevens is an investor, wholesaler, and the host of First-Time Buyer's Club on the Oprah Winfrey Network. But only a few years ago, Amina was a high-school educator who was teaching kids to “follow their dreams” without following any of her own. So, she left her “safe” career, got her license, and found a real estate mentor who showed her the ropes of wholesaling land.Want to invest in real estate but feel you don’t have the money or connections to start? Wholesaling could be the perfect strategy to get your foot in the door! In this episode, Amina shares how she chose her market, found sellers and buyers, and built a six-figure real estate business from the ground up—everything you could need to get started today!In This Episode We Cover:The “easiest” way to get into real estate with NO moneyHow Amina built a six-figure business in only a few monthsWhy you NEED a mentor to help fast-track your investing journeyHow to get money to buy investment properties by wholesaling landThe systems and processes YOU need for a successful real estate businessHow to find the perfect market for your real estate investing strategyAnd 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” PodcastA 60-Day Action Guide to Wholesaling Your First PropertyReal Estate Wholesaling: Profit Parasites or Property Investors’ Best Friend?PropStreamLandGlideLandVisionConnect with Amina“First-Time Buyer’s Club”Amina's Instagram: @homesbyaminaAmina's Twitter: @homesbyaminaCheck the full show notes here: https://www.biggerpockets.com/blog/rookie-366Interested 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

Learn how to analyze real estate deals like a pro by understanding important metrics, finding off-market properties for free, making offers on unseen properties, and the benefits of house hacking. The hosts share their own experiences in commercial real estate and landing a pocket listing. They also discuss various sources for obtaining property information, effective rental property management, and provide insights into real estate calculations and ratios. Don't forget to check out the Bigger Pockets Agent Finder for investor-friendly agents.

Experienced real estate investor Mitch Krotz shares his nightmare first deal involving evictions, break-ins, and a grow house. Despite the challenges, he made a profit of $115,000. Mitch emphasizes the importance of treating real estate investing as a business and investing in systems and organization. He also discusses the significance of analyzing the local market and building a strong team. The podcast explores the potential rental market in Northeastern Ohio and highlights Mitch's success in refinancing his property.

Want to know how to start an Airbnb business? If you find the right deal and build an all-star team, you could squeeze a TON of cash flow from just one rental. And we’ve got the perfect guest to show you the ropes!Welcome back to the Real Estate Rookie podcast! Today, we’re joined by former ninety-day mentee Melanie Wilmesher. Since we last spoke with Melanie, she has added a short-term rental property to her portfolio—this time, in an entirely different market! In this episode, she shares her biggest struggles and lessons learned from investing out-of-state. While one destructive house party left her with $4,000 in damages and nearly derailed her Airbnb investing strategy, Melanie credits her trusted team for getting the property back up and running in no time.While short-term rentals can be wildly profitable, running them is not always a breeze. Melanie shares the highs and lows of her journey so that you can know what to expect in any situation! You’ll learn how to deal with bad reviews, find a great property manager for your rental, create the best possible guest experience, and more!In This Episode We Cover:How to start an Airbnb business that gives you more cash flow in 2024Melanie’s biggest lessons learned from owning short-term rentalsHow to deal with bad reviews you receive on AirbnbCreating the ideal guest experience that gets you MORE bookingsCritical steps to take before buying a property “sight unseen”Building your dream short-term rental team through networking and referralsWhy you NEED a top-notch property manager for out-of-state investingAnd 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 FREEAsk Us Your Investing QuestionApply to Be a Guest on the “Real Estate Rookie” PodcastThe Step-by-Step Guide to Finding the BEST Off-Market Real Estate DealsHow I’m HELOCing My Way to WealthShould I Fix My Credit Before Attempting to Invest in Real Estate?Rookie to Real Estate Investor in 90 Days: LIVE Mentorship Calls3 Steps to Start Investing in Real Estate + 2024 Mortgage Rate PredictionsBooks Mentioned in the ShowReal Estate Partnerships by Ashley Kehr & Tony RobinsonThe Intention Journal by Brandon TurnerShort-Term Rental, Long-Term Wealth by Avery CarlLong-Distance Real Estate Investing by David GreeneStart with Strategy by Dave MeyerConnect with MelanieMelanie's BiggerPockets ProfileMelanie's InstagramMelanie's LinkedIn Check the full show notes here: https://www.biggerpockets.com/blog/rookie-363Interested 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

The podcast discusses using a home equity line of credit (HELOC) to buy a rental property, investing in real estate with bad credit, alternative real estate investment strategies, and value-adding home renovation projects for rental properties.