Real Estate Rookie

The podcast episode covers a range of real estate topics including partnerships, home renovation hacks, house hacking, replacing W2 income with rentals, rental arbitrage, estimating rehab costs, and maximizing money from current portfolio.

Learn how to start an LLC for real estate investing and protect your personal name and assets. Find out the requirements for LLCs, when to put multiple properties under one LLC, and how to apply for bank financing. Discover alternative asset protection strategies and the differences between an LLC and umbrella insurance. Explore the process of creating an LLC, managing business credit cards, and maximizing credit card points for real estate investing. Understand the importance of umbrella policies for liability protection and seek assistance from insurance brokers.

Ariel Herrera, data scientist and real estate investor, shares tips on using data to improve real estate investments. They discuss the power of coding and data analysis, using tools like Redfin and chat GPT. They also talk about analyzing real estate deals, finding deals in Tampa, Florida, and utilizing web scraping for off-market deals.

The hosts discuss taking your real estate business to the next level in 2024, including ending partnerships, launching a property management company, and implementing systems. They emphasize the importance of setting goals, creating an organizational chart, and hiring a virtual assistant. They also share insights on building a strong foundation, balancing maintenance needs, and finding balance in property management.

Matthew Marcelissen, HR consultant by day and investor by night, discusses the challenges of quitting a W2 job to focus on real estate investing. They explore reducing monthly expenses, juggling responsibilities, seeking help, and the benefits of using property management software. The chapter also delves into the speaker's personal experience of quitting their job, providing additional services, and the decision to become a full-time investor.

Andrew Cushman, real estate investor and expert in multifamily investing, shares why now is the perfect time to start in the multifamily market. He discusses funding options, deal analysis tips, building your team, and pitching to investors. The podcast also covers the importance of accurate numbers, transitioning from house flipping to multifamily investing, finding the right areas to invest, and resources for market verification.

Taking down a $6.5 million real estate deal might seem like an unlikely feat for a rookie investor, but it’s not if you use other people’s money. When today’s guest had a large portfolio of multifamily properties fall into his lap, he exhausted all of his resources to bring it home—dodging multiple curveballs along the way!In this episode of the Real Estate Rookie podcast, we’re diving into the world of syndication with investor Andrew Freed. Real estate syndications can be a great way to build a real estate portfolio without using much of your own money, but this investing strategy also requires careful planning and coordination. The biggest challenge for most investors? Raising capital. And that was certainly the case for Andrew, who only managed to scrounge up the funds he needed during the eleventh hour.While you may not plan on tackling a multimillion-dollar syndication deal any time soon, there are several important lessons that every rookie investor can take away from Andrew’s latest deal. In this episode, you’ll learn how to find the BEST deals through local real estate meetups, how to raise a TON of capital by leveraging your own network, and how to bring a deal to potential investors!In This Episode We Cover:How to build a large real estate portfolio using other people’s moneyFinding RARE deals by attending your local real estate meetupsLeveraging your network to raise capital for syndicationsThe best ways to present a syndication deal to potential investorsHow to negotiate financing terms on a large commercial loanAnd 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” PodcastGrab Your Copy of “Real Estate Partnerships”24 Units in 2 Years by Making Your Rentals Match the Market w/ Andrew FreedUse the BiggerPockets Glossary to Learn Key Real Estate TermsLearn More About Tony’s Latest Syndication DealGet Your Syndication Questions Answered by SEC Attorney Bethany LaFlamConnect with Andrew:Andrew's BiggerPockets ProfileAndrew's InstagramCheck the full show notes here: https://www.biggerpockets.com/blog/rookie-345Interested 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

Jim Kwik, a New York Times best-selling author and coach, shares transformative tips for optimizing your brain and building wealth through real estate faster. He discusses a three-step formula to stop procrastinating, the power of a positive peer group, managing risk in real estate investing, and ways to combat high stress levels. Kwik also shares the 'superpower' you need to fast-track your personal development.

Experienced real estate investors Tony and Ashley discuss the benefits of private money for financing real estate deals. They explain how to find private money lenders, structure loans, and protect yourself in a deal. They also provide tips for borrowing from hard money lenders and discuss the importance of creating an amortization schedule. The podcast covers topics such as finding trustworthy renters, protecting yourself as a private money lender, and real estate buying strategies.

Dan McDonald, an investor who house hacks to help cover his mortgage in an expensive market, shares valuable advice on using a side hustle to accumulate cash for real estate investments. Topics covered include house hacking, maximizing profits with auctions and efficient property management, using TaskRabbit for a side hustle, the importance of an umbrella policy for house hacking, and actionable steps and tools for house hacking.