Real Estate Rookie

Sam Dolciné, expert in retiring with turnkey rental properties, shares insights on retiring with rental properties and the benefits of turnkey rentals. Topics include out-of-state real estate investing, finding the perfect real estate market, self-management vs. property management, LLCs for real estate investors, determining rental prices, avoiding scammers, tenant turnover, and listener success stories.

Learn how to make an irresistible offer with creative financing in real estate. Discover the pros and cons of traditional lending, hard money, and private money. Find out how to structure partnership deals with parents and maximize profitability through wasted space. Get insights on adding bedrooms and bathrooms, obtaining permits, and the process of cash-out refinancing. Plus, benefit from the advantages of forming an LLC for real estate investors.

Matt Ramirez shares his journey of losing 80% of his income during COVID and how it led him to become a real estate investor. He discusses his system of working with contractors, the importance of finding off-market deals, and the downsides of paying contractors by the hour.

Your new Airbnb is set up and ready to go. You’re just finishing up the welcome gift and slipping in a bottle of wine as a pleasant surprise for your guest. Oops…you might have just put yourself in a BAD position. On this week’s Rookie Reply, Ashley and Tony are getting into the moral muddiness of including boozy gifts in your welcome package, how to account for your mortgage interest expense, and when you should (and shouldn’t) buy a property in an LLC.You’ve got the real estate questions; Ashley and Tony have the answers. But we’re not just debating whether your guests should crack a couple cold ones on your dime. We’ll also get into how to find past purchase prices for ANY home, a property tax breakdown with some tips to save you money, and the difference between appraised and assessed value.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:Real estate LLCs: when they’re worth it, when they’re not, and who should use themMortgage interest write-offs and whether you should count your biggest monthly payment as an expenseWelcome gifts and whether or not adding alcohol could cause you troubleWhere to find past purchase prices for ANY property in your areaHow property taxes are determined and why you want your appraisals HIGH and your assessed values LOWAnd 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!Calculate Your Interest Write-Off with The BiggerPockets Rental Property CalculatorDo Landlords Need an LLC for Rental Property?Mortgage Interest Deductions 101: What You Should KnowLook Up Past Property Prices: Invelo, & PropStreamCheck Out Unforgettable Stays with Dell Collective Check the full show notes here: https://www.biggerpockets.com/blog/rookie-322Interested 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

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