Real Estate Rookie

In this discussion, Luke Tetreault, a real estate investor and former welder, shares his inspiring journey of amassing 35 rental units and $8,000 monthly cash flow in just two years. He reveals how he leveraged networking and private money to kickstart his investing career. Luke offers tips on finding off-market deals and highlights the creativity behind purchasing an 18-unit mobile home park with zero cash down. His insights on using everyday hobbies to build a strong investing team are invaluable for beginners looking to make their mark.

New investors face hurdles when selecting their first rental property. Should they settle for what's affordable or wait for a better option? Exploring financing strategies like HELOCs can help maximize equity for future purchases. The podcast also discusses the importance of neighborhood selection and tenant compatibility for house hacking success. Lastly, it offers advice on managing neighbor relations to ensure a smoother rental experience. Get ready to navigate the complexities of real estate with valuable insights!

Miller McSwain, a former nuclear rocket scientist turned real estate investor and author of Co-Living Cash Flow, shares his journey of earning $8,000 monthly from real estate. He dives into the co-living strategy, revealing how to leverage unused space and reduce tenant turnover. Miller emphasizes the rising popularity of co-living in 2025 driven by favorable regulations and urban demand. He also offers insights on market analysis, property selection, and building community in shared living environments, making it a compelling option for aspiring investors!

Want to leave your nine-to-five for a “job” that gives you more time, flexibility, and potentially more money? Rentals could be your golden ticket to financial freedom. After tragedy turned her world upside down, today’s guest went all in on real estate investing. Just ONE year later, she makes $13,000 in monthly cash flow and has waved her W2 goodbye!Welcome back to the Real Estate Rookie podcast! Shortly after buying her first rental property, Allison Craft lost her brother in a tragic accident. With a new perspective on life, she decided to chase after what she valued most—more time with her young family. With just one short-term rental and a new co-hosting business, she now brings in more income than she ever did at her corporate finance job of 10 years!In this episode, Allison shares how she bought, renovated, and furnished her first rental property with limited cash and launched a real estate business that cash flows close to $10,000 a month. If you want to do the same—build a profitable business without owning rentals—stay tuned because Allison has the secrets to finding clients and scaling fast!In This Episode We Cover:How Allison scaled to $13,000 in monthly cash flow (in just ONE year)Building a profitable real estate business from scratch (step by step)How to make money in real estate without owning rental propertyWhen to quit your W2 job and go “all in” on real estate investingFast-tracking your investing journey with networking and mentorshipAnd So Much More!Links from the ShowAshley's BiggerPockets ProfileTony's BiggerPockets ProfileJoin BiggerPockets for FREEReal Estate Rookie Facebook GroupReal Estate Rookie YouTubeFollow Real Estate Rookie on InstagramAsk Your Question for a Future Rookie Reply“Like” Real Estate Rookie on FacebookFollow Real Estate Rookie on InstagramBiggerPockets Agent FinderBiggerStays YouTube ChannelGarrett’s InstagramAllison’s WebsiteCheck out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-551Interested 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

Garrett Brown, a short-term rental investing expert from Bigger Stays, joins to share insights on maximizing cash flow through innovative strategies. He discusses co-living arrangements, emphasizing the profitability of renting by the room. The conversation dives into effective market analysis for short-term rentals and managing investments remotely. They also highlight critical pitfalls to avoid, such as risky amenities that could lead to legal troubles. Tune in for a wealth of practical tips and fresh perspectives on successful real estate investing!

Zach Stanley, a savvy real estate investor at just 28, boasts 10 rental properties and over $1 million in equity. He emphasizes the power of playing the long game in real estate, showing how leveraging tenant payments builds wealth over time. Zach shares insights on finding great deals through conservative analysis and warns against common rookie mistakes. He delves into why appreciation often trumps cash flow and stresses the importance of reinvesting profits to scale your portfolio effectively.

Daniel and Rebeca Hawthorne, real estate investors who built a 32-unit portfolio in five years, share their inspiring journey from childhood homelessness to financial success. They discuss leveraging home equity to acquire their properties and transitioning from long-term to midterm rentals for better cash flow. The couple highlights the importance of community support, strategic networking, and overcoming tenant challenges, including a harrowing experience with a fraudulent caretaker. Their mission is to create generational wealth and empower others to achieve the same.

Struggling to find cash-flowing real estate deals? Discover three actionable strategies to turn potential duds into profitable gems! Learn how to leverage appraisals in negotiations and enhance your cash flow through innovative approaches like co-living. Explore the essential investing tactics for beginners to watch for in 2025, ensuring you stay ahead in the competitive market. Plus, gain insights into effective negotiation techniques and ways to navigate the current challenges facing new investors.

Deandra McDonald, a dedicated real estate investor, transformed her financial situation from earning $28,000 a year as a lab tech to achieving financial freedom through rental properties. She shares her inspiring journey of cutting expenses to qualify for her first mortgage and transitioning to multifamily investments. Deandra discusses the importance of house hacking, strategic property management, and adapting her investments amidst challenges. Her story serves as a motivating roadmap for anyone looking to embark on their own real estate journey.

Real estate investor Ronny Heredia, who gained financial independence through house hacking, shares his inspiring journey from traditional stock investing to owning a 'luxury' rental. He reveals how just one rental property can cover mortgage costs and pave the way to financial freedom. Ronny discusses strategies for raising rent while keeping tenants happy and the advantages of using AI tools for finding lucrative deals. He also weighs the pros and cons of paying off a mortgage versus expanding his portfolio, providing insightful tips for aspiring investors.