Real Estate Rookie

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.

AJ Osborne, a self-storage investor, shares his unbelievable story of going from paralysis to making millions. He discusses how self-storage investing saved his life and why it may be the best real estate investment. Topics covered include the benefits of self-storage facilities, advantages over rental properties, and the best time for beginners to get into real estate.

Real estate expert David Greene discusses the BRRRR method and how it allows investors to infinitely invest with the same money. He shares tips on finding deals, analyzing properties, and avoiding pitfalls. The podcast also covers how to get paid to buy cash-flowing rentals, using BRRRR in today's market, and the benefits of BiggerPockets Pro membership.

Discover the secrets of finding investment properties in preforeclosure that can lead to fantastic deals. Learn when it’s wise to buy 'subject to' and the crucial costs involved. Get insights into key market analysis metrics like population and job growth. Uncover the pitfalls of listing rental properties and effective strategies for out-of-state renovations. Plus, hear an investing hack that can save you a significant amount on renovation materials!

Zoey Berghoff, an investor earning significant income from a small real estate portfolio, discusses the power of reinvesting profits into rentals to boost booking numbers and charge more for unique stays. She also shares insights on land hacking, assembling the ideal team for short-term rentals, and setting reasonable expectations for Airbnb guests. The episode covers topics such as glamping, yurts, unique stays, strategies for becoming a successful Airbnb host, analyzing revenue projections, and adding unique features to rental properties.

Learn about the concept of ARV in real estate investing, how to estimate it correctly, and common mistakes to avoid. Discover resources for finding comparable properties and determining property values. Consider factors beyond purchase price and explore real estate tools and services. Get insights on interest rates, calculator software, and property analysis apps. Understand the importance of optimizing systems and processes in property management.

Tim Yu, a true Real Estate Rookie, built a rental property portfolio and did multiple house flips in less than twelve months with close to nothing in his bank account. Topics include rental property financing, creative financing, investing with partners, avoiding scams, motivations for selling short-term rentals, lease options, boosting rental value, and overcoming fear in real estate investing.

Ashley and Tony discuss the pros and cons of Airbnb rental arbitrage for landlords. They provide advice on delivering non-renewal notices to tenants and offer a step-by-step process for making offers on investment properties. They also explain the differences between hard money loans and construction loans, and highlight the importance of structuring partnerships properly. The podcast touches on topics such as insurance for rental arbitrage units and understanding rental landlord laws for lease renewals.

The podcast features real estate investor Kevin Cullen as a guest, who interviews the hosts. The most interesting topics include reinvesting money to scale a real estate portfolio, structuring a partnership, red flags to look out for in potential partners, and finding off-market properties. They also discuss compensating oneself in property management, structuring LLCs and partnerships, and making a profit on property sales.

First rental property? Security deposits, credit checks, and home renovations can seem DAUNTING when it’s your first real estate rodeo. How much do you charge, which tenant do you select, and will refreshing the grout allow you to double your passive income? These are just some of the questions you’ll have before you collect your first rent check. But don’t worry about answering them yourselves; we have the experts to help!Welcome to this week’s Rookie Reply! If you’re just starting your real estate investing journey, this is the place to be! Ashley and Tony go through some VERY common questions, such as what to do if your tenant terminates their lease early, how much to charge for security deposits, and how to run your first credit/background check. For those who are a bit more experienced in the investing game, we also chat about HELOCs, rental renovations (and if they’re worth the cost), and moving properties into an LLC.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:What to do when your tenant leaves in the middle of their lease Using a HELOC to buy a new home and what happens when you moveSecurity and pet deposits, plus how much you can charge for eachBest tenant screening and background check software for rookie landlordsMoving properties into an LLC and whether you REALLY need an attorney to do soRental renovations and when your upgrade ISN’T worth the costAnd 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 QuestionHear About Tyler Madden’s HELOC InvestingThe Landlord’s Guide to Rental Property Security DepositsAppFolioAvail.coBuildiumRentRedi.comTenantReports.comCheck the full show notes here: https://www.biggerpockets.com/blog/rookie-332Interested 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