Real Estate Rookie

Tired of spending your money on rent or stashing it in a traditional savings account? You could make your money work harder for you and get on the path to financial freedom with real estate investing. Today, we’re going to show you exactly how to buy your first rental property in 2025, step by step!Despite rising home prices and high interest rates, now is an ideal time for new investors to buy real estate, as they face less competition and have even more leverage. So, in this episode, Ashley and Tony are going to show you seven steps that will get you off the sidelines and into the game! First, we’ll help you lay a foundation for investing. You’ll not only need to get your financial house in order but also set clear investing goals, determine your purchasing power, and choose your investing strategy.You’ll also learn how to do things like find a lender, choose your market, and assemble your investing team. Then, we’ll start looking at deals! We’ll share how to build your buy box, analyze properties, and negotiate with sellers. Most importantly, we’ll teach you the right way to build your business so that you succeed today AND as you scale your real estate portfolio!In This Episode We Cover:How to buy your first rental property in 2025 (step by step)Why NOW is the perfect time for new investors to get into real estateThe three things you must do before buying an investment propertyHow to create your “buy box” and start analyzing rental propertiesThe value of building relationships with small, local banks and credit unionsMust-have systems and processes for your real estate businessAnd 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 FacebookThe Rookie’s Cheat Sheet for Market Research (Find Where to Invest in 2024)Real Estate Investing ResourcesProperty Buy Box WorksheetHow to Financially Prepare to Buy Your First Rental Property (7 Steps) Follow Real Estate Rookie on InstagramPick Up Ashley’s Book “Real Estate Rookie”Sign Up for the Real Estate Rookie NewsletterFind an Investor-Friendly Agent in Your AreaFind Investor-Friendly LendersReal Estate Rookie 523 - The “Secret Sauce” for Buying Rental Properties BELOW Market Value(00:00) Intro(00:36) Why Real Estate?(04:49) Step 1. Lay the Foundation (09:25) Step 2. Talk to a Lender(11:27) Step 3. Choose Your Market(14:59) Step 4. Build Out Your Team(18:49) Step 5. Create Your Buy Box(25:03) Step 6. Make an Offer(31:53) Step 7. Prepare for Closing(33:56) Find Your NEXT Deal!Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-534Interested 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

Aleea Stanton, a savvy real estate investor who turned her passion for property into a thriving income stream, shares her inspiring journey. Joining from a background in law, she transitioned from flipping houses for hefty profits to securing $3,000 a month through long-term rentals. Aleea discusses the importance of diversification in today’s housing market, the challenges of long-distance renovations, and critical lessons on over-improvements and contractor reliability. Tune in for her insights on transforming problematic properties into cash flow machines!

Should you STOP buying rentals? How do you structure a seller financing deal? Can you invest out of state without a property manager? Whether you’re looking to improve your cash flow or buy a property without the bank, there’s something for you in today’s Rookie Reply!Our first question comes from an investor who is looking at a potential seller financing opportunity. Should they make multiple offers? How should they structure terms? Tune in to hear the tips Ashley and Tony have used to get low-money-down seller financing in the past!Next, we’ll hear from an investor whose real estate portfolio is barely breaking even. We’ll discuss whether they should stop buying rentals, but we’ll also dive into their assets and see if there’s an even easier (and more passive) way to build wealth with real estate!Finally, is there a cost-effective way to manage your properties from afar while still having boots on the ground to handle things like showings and move-in inspections? Ashley has some outside-the-box ideas you could try!Looking to invest? Need answers? Ask your question here!In This Episode We Cover:How to reach your real estate investing goals without buying more rentalsHow to pitch seller financing (and negotiate terms) when buying propertyWhether you should make multiple offers on the same property (and how to do it)Building wealth through passive real estate investing opportunitiesHow to leverage your retirement accounts to invest in real estateHow to manage rental properties when investing out of stateAnd 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 FacebookPropStreamBuy the Book “Start with Strategy”Sign Up for the Real Estate Rookie NewsletterFind an Investor-Friendly Agent in Your AreaWhich Real Estate Investing Strategy Is Best for Your Goals?(00:00) Intro(00:32) Seller Financing 101 (11:14) STOP Buying Rentals? (21:50) Managing Rentals from Afar(24:20) Ask Your Question! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-532Interested 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

Join real estate investor Luke Carl, who brings a wealth of experience and a fresh perspective on investing strategies for beginners. He shares how to navigate the current housing market on a salary of $75K or less. Discover Luke's recommendations for targeting fixer-uppers and the benefits of creative financing options, like the NACA loan. The conversation also dives into house hacking strategies, the importance of mentorship, and tips for managing rentals effectively—all tailored for new investors looking to make their mark.

Joe Escamilla and Sam Farman, college teammates turned savvy real estate investors, reveal their remarkable journey of amassing a 17-unit portfolio in just three years using the innovative delayed BRRRR strategy. They discuss the importance of having the right partner in real estate investment and share their insights on navigating market challenges, particularly during high interest rates. With a focus on strategic deal finding and effective communication with investors, they illustrate how to leverage private capital to build a successful rental portfolio.

Garrett Brown, a real estate expert from the BiggerStays YouTube channel, joins to explore the best beginner-friendly markets for rental properties in 2025. He shares insights on emerging locations like Texas and Ohio, emphasizing the importance of choosing the right investment strategy before purchasing. The discussion unveils secrets to scaling a portfolio without hefty down payments and highlights the value of stabilizing properties over simply expanding. Whether you're inclined towards short-term rentals or long-term investments, the tips shared are set to guide new investors towards success.

In this episode, real estate investor Avery Carl, who built a portfolio of 250 rental units in just five years, reveals her secrets for uncovering hidden deals. She discusses how to identify undervalued properties by spotting listing errors and potential opportunities in current market conditions. Avery also explains why investing in saturated Airbnb markets can be more beneficial than venturing into untested areas. Plus, learn tips on how to creatively enhance your rental's appeal with smart decor choices!

Brianne and Doug Hamilton, real estate investors who transformed their financial future through the BRRRR method, discuss their journey to six rental properties and over $75,000 in annual cash flow. They dive into the advantages of networking and the significance of a solid tenant screening process. The couple also shares how they turned a family cottage into a profitable short-term rental, emphasizing the importance of adaptive strategies and strong community engagement in achieving real estate success. It's an inspiring tale that proves it's never too late to invest!

Mindy Jensen, co-host of the BiggerPockets Money Podcast and a seasoned real estate investor, joins the discussion on investment choices for 2025. The conversation dives into whether to prioritize real estate or stocks and reveals clever strategies to leverage both. They tackle how to build credit for mortgage approval and debunk myths surrounding credit repair companies. Mindy also emphasizes the necessity of having multiple exit strategies while navigating tricky investment situations. Tune in for practical tips and creativity in making your money work!

In this discussion, real estate expert J Scott, author of "The Book on Negotiating Real Estate," shares invaluable insights into mastering negotiation skills for buying rental properties below market value. He emphasizes the importance of building relationships over adversarial tactics, encouraging listeners to understand sellers' motivations. J also addresses the fear of lowball offers, revealing strategies to foster rapport and create win-win situations. Discover how to make your offer stand out and navigate negotiations like a pro!