Real Estate Rookie

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.

Want to know how to buy your first rental property without money getting in the way? For years, Mike wanted to invest in real estate, but banks wouldn’t give him a loan. If you’re having the same issue, we’re here to help!Welcome back to the Real Estate Rookie podcast! After multiple deals fell through during the financing stage, Mike Previtera realized he needed to work on his finances. So, he and his wife trimmed the fat from their budget and aggressively paid off bad debts. Mike even made changes to his lawnmowing business—raising rates and working extra hours to increase his income. Within one year, all of the hard work had paid off, as Mike was able to get financing for not only his first deal but also the deals that followed!If your financial situation is holding you back from buying real estate, this episode is for you! Mike recalls the exact steps he took to get his finances in order. He also shares how he grew his network, which allowed him to find more deals and financing opportunities. Finally, he talks about some of his biggest investing mistakes—mistakes that YOU can avoid!In This Episode We Cover:How to buy your first rental property when you can’t get a loanFinding deals, connections, and mentors through the power of networkingWhy hustling for a season could help kickstart your real estate journeyHow to lay your financial foundation before investing in real estateThe BEST strategies for finding deals as a new investorThe most common real estate investing pitfalls (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 FREEAsk Us Your Investing QuestionApply to Be a Guest on the “Real Estate Rookie” Podcast‘Building’ Wealth as a 24-Year-Old with 12 New Construction ProjectsRookie Reply: How to Get 100% Financing for ALL of Your Real Estate DealsRookie Reply: Networking Tips That’ll Increase Your Net WorthConnect with Mike:Mike's BiggerPockets ProfileCheck the full show notes here: https://www.biggerpockets.com/blog/rookie-361Interested 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

Experienced investor Leka Devatha shares her story of dealing with squatters in her property, including legal battles, media attention, and secret agent work. She offers tips on avoiding the same fate, dealing with squatters without evictions, and preventing theft. The podcast covers handling trespassers, legal challenges, removing squatters, involving the media, and taking action against squatters.

Jaryn Pierson went from sleeping on his grandma's couch and working a minimum-wage job to earning $30,000 in cash flow each year from a single property. He shares lessons on raising rents, utilizing seller financing, becoming a better Airbnb host, finding clients for a property management company, and the importance of stabilizing your portfolio.

Tips for choosing an out-of-state real estate market, navigating the pre-approval process for home loans, funding holding costs, installing security cameras in rental properties, exploring different loan options and monitoring credit, finding real estate lenders, using resources and connecting with other investors, the legality and ethics of security cameras, and matching with an investor-friendly agent for real estate investing.

Justin Noe and Nate Cherubini, real estate investing partners, share their $120k home renovation mistake which involved termites, zoning issues, and bad contractors. They emphasize the importance of keeping contractors in check, building a buy box early on, and getting your family on board with real estate investing. They also discuss the benefits of real estate auctions, the challenges of renovation projects, and the significance of building positive relationships in real estate.

Learn the three often-overlooked beginner steps to start investing in real estate in 2024 and hear Dave Meyer's 2024 mortgage rate predictions. Discover the importance of having a clear strategy, aligning investments with long-term goals, and creating a value statement and mission statement. Explore the concept of running a small business and managing payroll in real estate investing. Find out how to view real estate deals as puzzles and the benefits of stable and predictable mortgage rates for investors.