Real Estate Rookie

Real estate duo Joe and Andrea DelGrosso share their journey to financial freedom through real estate investing. They discuss leveraging multiple strategies, creating multiple streams of income from one property, transitioning to short-term rentals, and exploring various real estate strategies like 1031 exchanges and BRRRRs.

Mike Michalowicz, serial entrepreneur and best-selling author, shares insights on how to work less and earn more in real estate. He discusses the importance of paying yourself first, building a buffer for expenses, and delegating tasks. The podcast also covers determining a realistic profit percentage, utilizing virtual assistants, and gathering detailed property information.

Former professional basketball player Terry Harris shares his journey from wholesaling to real estate development. He discusses how to find the best land deals, creative ways to fund projects, assembling a top-tier development team, and bringing real value to another investor when you don’t have the capital.

Learn how to invest in real estate without capital or credit by using seller financing. The hosts discuss critical first steps to take before buying real estate, buyer and seller responsibilities in closing costs, and how to structure a partnership agreement where both sides are compensated.

Growing a real estate business with multiple rentals and HUGE cash flow…in just two years!? How do you get so many deals done in such little time? Simply by putting one foot in front of the other, today’s guest was able to create a sizable portfolio in no time—allowing her husband to quit his job in the process!Welcome back to the Real Estate Rookie podcast! Today, we’re chatting with Mackenzie Brogdon, a wife, mother, realtor, and investor who managed to lock up seven deals in just two years—with more in the works! With a general contractor for a father and a background in interior design, Mackenzie was bound for a career in real estate. But that didn’t make getting started any less intimidating. With concerns about house hacking as a new parent, she could have easily hit the “pause” button. Instead, she plunged headfirst into her first deal—one that, despite having its fair share of headaches, opened the door for many more deals to come.Whether you’re a “nervous Nellie” or an “eager beaver,” this episode will teach you the importance of taking wise, deliberate action on your real estate journey. Join Mackenzie, Ashley, and Tony as they cover a variety of investing strategies—from house hacking and flipping to arbitrage and subject to deals. They also talk about why every investor should document their journey and how to find the perfect investing partner to complement your strengths!In This Episode We CoverHow to get MORE deals done through subject to and other creative finance optionsFinding investing partners by leveraging your own skillsWhy you MUST document your real estate journeyHow to build your own network of subcontractors for home renovation projectsThe benefits of long-term rental arbitrage as a landlordMaximizing your cash flow with the sober living rental strategyThe perks of getting your real estate license as an investorAnd So Much More!Check the full show notes here: https://www.biggerpockets.com/blog/rookie-317Interested 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

Your tenant is breaking their landlord tenant lease agreement. What now? Do you go after the money or eat the loss? Depending on the amount, it may not even be worth the trouble. Either way, perhaps the more important question to ask is, “How can I prevent this from ever happening again?”Welcome back to another Rookie Reply! Broken leases are a pain to deal with, but in this episode, Ashley and Tony offer up the “magic words” that could save you the headache. They also talk about partnerships and make the case for getting pre-approved separately. Rookie investors often feel like fish out of water when it comes to networking. Fortunately, our hosts have several helpful tips on how to bring real value to the table. They also go over property management fees and how to vet a property manager before hiring them. Finally, they discuss tax strategy versus tax preparation and why waiting until tax season to hire a CPA is the wrong move!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 if a tenant breaks a lease (and the clause you MUST put in your lease agreement)The best way to get pre-approved for a loan when you’re in a partnershipTwo questions you MUST ask before hiring a CPA (certified public accountant)Different types of fee structures to consider before hiring a property managerMinimizing your taxes as much as possible as an investorHow to bring value as a rookie investor and build your networkAnd 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!Grab Your Copy of “Real Estate Partnerships” TodayWhen It Comes to the Lease, Don’t Leave Any Wiggle RoomFollow Gaby and Ciara on InstagramCheck the full show notes here: https://www.biggerpockets.com/blog/rookie-316Interested 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

Rob Abasolo, investor and co-host of the BiggerPockets Real Estate podcast, shares his journey from being house poor to earning huge cash flow through real estate. He discusses the importance of documenting your real estate journey, subsidizing your mortgage, and getting your spouse on board. The podcast also explores the sacrifices of immigrant parents, building furniture for extra income, listing an apartment on Airbnb, and the benefits of owning real estate for scaling an Airbnb business.

In this podcast, Ashley and Tony discuss the importance of running the numbers before doing a mortgage buydown, as well as the ins and outs of cash-out refinancing. They also cover topics such as choosing between short-term and long-term rental strategies, the pros and cons of installing keyless entry pads, and free tools you can use to get updated property information.

Tyrin Tyson, a travel nurse, shares his real estate journey and the mistakes he made, including buying properties at an auction that weren't as advertised. He also faced a nightmare rehab project that went over budget. The episode covers the importance of having a game plan, finding a mentor, and the pros and cons of long-distance investing. Tyson's story emphasizes the challenges and successes in real estate investing, along with the importance of building a supportive community.

You recently submitted an offer on a house, but you haven’t heard back from the seller. Now what? As an eager rookie investor, the waiting game can be painful. You may already have an eye on other properties but need the capital to invest. Should you withdraw your original offer? Fortunately, Ashley and Tony have a few helpful tips to make your decision a little easier.Welcome back to another Rookie Reply! In this episode, our hosts tackle several important topics—including when to pull an offer on a house and whether you should create an LLC when buying your first property. They also discuss the biggest differences between single-family and multifamily real estate and which type of property is best for rookie investors to target. Finally, they talk about how to become a private money lender and the two important documents that should be in place before you lend a penny!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:Rescinding an offer on a house when you don’t hear from the sellerWhether to buy a single-family or multifamily property for your first dealLLCs and whether you need one when buying your first propertyHow to become a private money lender (and what you need to protect yourself!)The two documents that MUST be in place before lending moneyAnd 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!Hear Our Full Episode on Real Estate PartnershipsGrab Your Copy of “Real Estate Partnerships” TodayHow to Protect Your Rental from Fires, Floods, Lawsuits, and LiabilityFollow Mindy Templeton on InstagramCheck the full show notes here: https://www.biggerpockets.com/blog/rookie-312Interested 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