Real Estate Rookie

By BiggerPockets

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Description

Ready to build your real estate empire… but not sure where to begin?

Think of us as your personal trainer.

From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Felipe Mejia bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.

Looking to 10X your real estate investing business this year? This show isn’t for you.

Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. 

Every Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.


Episode Date
Going Full-Time as a Rookie Right Out of College With Arvi Carkanji and Dave Arlaud
00:58:35

In today's episode, you'll meet a power couple who both immigrated to the U.S. seven years ago and soon decided real estate would be their path to financial freedom.

Arvi Carkanji and Dave Arlaud are Nashville-based flipper-investors, who are dividing and conquering to run a successful business while building a stable of rental properties. Arvi handles acquisitions (listen for the Rookie Request Line about direct mail), while Dave is a licensed contractor who takes charge of construction.

Together they walk us through their approach to renovating houses and working with subcontractors and dive into the deal that motivated Arvi to quit her first (and quite possibly last) "real job."

If you're thinking about taking on "value-add" projects—and you probably should be—listen close to hear these two rookies walk us through their process!

In This Episode We Cover:

  • How Arvi and Dave wound up as real estate investors just a year out of college
  • How they work with contractors, step by step
  • Dave's "25-25-50" payment plan for contractors
  • The different stages involved in renovating a house
  • Red flags to look for when inspecting work
  • Due diligence and permits
  • Transforming a single-family home into a duplex
  • Raising private money as a newbie
  • Renting staging furniture from companies like Rent-A-Center
  • And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/rookie19

Jul 08, 2020
Starting at Age 45 With a "1% Rule" Property (in New Jersey!) With Tricia Baxter
00:52:31

She read Rich Dad Poor Dad, got angry at herself for not having built multiple income streams... and decided to do something about it!

Tricia Baxter is a real estate rookie who got in the game in her mid-40s. In this episode, she shares how she built a healthy portfolio of small multifamily properties on the Jersey Shore.

Tricia's a busy professional with her own law practice, but she still decided to self-manage when she got started—namely, to learn the ropes and create standard operating procedures, which came in handy when she eventually hired a property manager (spoiler: that's her MVP!).

This episode is full of great tips for anyone who aspires to treat their real estate investing like the business it is!

In This Episode We Cover:

  • Self-managing your first property as a learning exercise
  • Why Tricia chose to buy long-term rentals in a touristy area
  • How she finds great vendors using private Facebook groups
  • How to handle raising below-market rents
  • Her tips for financing deals creatively
  • Juggling real estate with a demanding career
  • The importance of multiple income streams
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/rookie18

Jul 01, 2020
3 Rentals in His First Year & the Power of a Real-Life 'Rich Dad' Mentor with Derrick Ziglar Jr.
00:57:01

From humble beginnings... to Division 1 football, military service, and now three rental properties in his 20s!

Derrick Ziglar Jr. is a man on a mission, and today he shares how he converted a wrong turn into a $30K duplex purchase that kick-started his journey toward generational wealth.

If you're interested in securing your financial future, then don't miss Derrick's tips on how he finds deals, how he uses a personal line of credit, and the lessons he's learned about managing contractors.

Plus, we go in-depth on how he built a life-changing relationship with a mentor/father figure and the importance of casting a long-term vision for your real estate business—no matter your goals.

Derrick is an impressive rookie investor, and he doesn't hold back in this one... so hit play now. And if you enjoy this episode, please leave us a rating and review in Apple Podcasts!

Links from the Show

Check the full show notes here: http://biggerpockets.com/rookie17

Jun 24, 2020
How to Pick Your Perfect Market: Cleveland vs. Columbus Case Study! with Dave Meyer and Jamie Gallagher
00:52:16

What better way to learn a concept than a real-life, real-time case study?

Today, we listen in on rookie investor Jamie Gallagher as he compares and contrasts two markets. Meanwhile, BiggerPockets' data wiz David Meyer is there to walk him (and us) through the numbers.

You'll learn how to use population growth, rent-to-price ratio, rent-to-income ratio, and historical performance to weigh the pros and cons of various markets so you can compare apples to apples.

These aren't the only factors to consider, but this episode will give you a solid grasp of the basics and put you way ahead of most investors in your search for a market that makes sense for you and your goals.

Be sure to check out BPInsights, the new Pro member benefit bringing you fresh, local real estate data, at biggerpockets.com/insights (use the promo code "ROOKIES" for a discount if you're upgrading to Pro!). And you can find more of David's work in BiggerPockets Wealth magazine at biggerpockets.com/magazine.

In This Episode We Cover:

  • The most important data points to consider when choosing a market
  • What rent-to-price ratio is
  • What rent-to-income ratio is
  • How to look at a market's performance throughout economic cycles
  • How job and population growth affects appreciation
  • What types of employers to look for
  • Quality of life factors
  • Analysis of Cleveland vs. Columbus, Ohio
  • Advice for a future house hacker
  • And SO much more!

Links from the Show

 Check the full show notes here: http://biggerpockets.com/rookie16

Jun 17, 2020
5 Steps to Reach Financial Freedom in 15 Years Through Long-Distance Investing With Elyse Rasmussen
00:57:01

In 2017, she had done zero deals. Today, she's got 20 units and is nearing her goal of financial freedom by age 45.

In this episode, Elyse Rasmussen shares five tips for rookies interested in long-distance investing... although each can easily be applied to investing in your own backyard, too.

Check out her Instagram page @investingforfinancialfreedom for some #landlordmemes, and be sure to join the Real Estate Rookie Facebook group to tell us what you think of this episode!

In This Episode We Cover:

  • Elyse and her husband's plan to reach financial freedom by age 45
  • What to look for when choosing a market out of state (climate, natural hazards, tax policies, etc.)
  • Joining a network of long-distance investors to find referrals
  • Finding and vetting a dual property manager/real estate agent
  • Her approach to insurance policies for 19 properties
  • Buying properties at online auction, step by step
  • And SO much more!

Links from the Show


Check the full show notes here: http://biggerpockets.com/rookie15

Jun 10, 2020
4 Keys to Building a Portfolio While Working Full-Time With Robert Leonard
01:00:39

Between his career and a podcasting side hustle, Robert Leonard's a busy guy. So how does he—and how can you—build a small but mighty rental portfolio in your spare time?

For Robert, it comes down to 4 major elements:

1. Use a series of house hacks to lower expenses and build equity.

2. Find an MVP real estate agent.

3. Align with a partner.

4. Invest out-of-state.

In this episode, Robert goes into detail on each of the above and explains how they helped him break through "analysis paralysis" in his early 20s. If you pick just one of these strategies and do it well, you'll be way ahead of the game. When you combine several, you're on your way to financial freedom.

Be sure to check out Robert's two podcasts, Millennial Investing and Real Estate Investing over on The Investor's Podcast Network, and subscribe to Real Estate Rookie so you won't miss our next show.

Links from the Show

Check the full show notes here: http://biggerpockets.com/rookie14

Jun 03, 2020
How Drew Pulled 6 Deals From His First Direct Mail Campaign With Ryan Dossey (Mentor) and Drew Wiard (Mentee)—Part 2
01:00:43

Everything you've ever wanted to know about direct-to-homeowner marketing... but may have been afraid to ask!

From exactly what Drew writes in a letter, to how he builds rapport when running an appointment, to making offers and getting to the closing table, it's all here in plain English.

This episode follows up on show #9, where mentor/mentee duo Ryan Dossey and Drew Wiard broke down how Drew built a brand and zeroed in on his target market. Today, they walk us through everything that happens after a lead comes in, including how Drew was able to close three deals and get three more under contract in the past three months—despite the pandemic.

If you're tired of seeing all the good deals go to other investors, take matters into your own hands and put some of their tips into action! And be sure to subscribe to Real Estate Rookie in your favorite podcast app so you won't miss the next one.

In This Episode We Cover:

  • Drew's results from his first direct mail campaign
  • Marketing to an "absentee owners with equity" list
  • Keeping your marketing message simple
  • Why Drew's letters don't acknowledge the homeowner's hardship
  • Why response rate is the wrong metric to focus on
  • Using "75% of ARV minus repairs" to formulate offers
  • Overcoming objections when you're negotiating a price
  • Putting an inspection period in your contract
  • Finding real estate agents who work with cash buyers
  • Drew and Ryan's personal real estate investing MVPs
  • And SO much more!

Links from the Show

 Check the full show notes here: http://biggerpockets.com/rookie13

May 27, 2020
What Works (and Doesn't) in a Recession & the Untold Story of J Scott's Messy First Flip
01:25:42

BiggerPockets legend J Scott was once a rookie, and he's got the stories (and scars) to prove it!

Today J stops by to give us a primer on economic cycles and how they impact real estate investors. You'll learn what to expect when housing prices soften and which strategies work best in each economic phase. Plus, J shares the tale of his first (years-long) flip, tells us what he's learned along the way, and delivers a surprising top tip for today's rookie real estate investor.

For more on this topic, pick up a copy of J's newly updated book Recession-Proof Real Estate Investing here.

In This Episode We Cover:

  • Economic cycles throughout history
  • Which strategies tend to work well at each point in the cycle
  • J's first flip as a complete newbie
  • The systems he developed over the years
  • How he's shoring up his cash position
  • Opening credit lines
  • Adjusting to a new lending environment
  • And SO much more!

Links from the Show


Check the full show notes here: http://biggerpockets.com/rookie12

May 20, 2020
Using Home Inspections to Spot "Deal Killers" and Negotiate Better Prices with Rose Buckley
00:58:10

OK, you've got a property under contract. Now the real work begins!

In today's episode, you'll learn all about about a crucial step in the home-buying process: home inspections.

Find out how they work, how much they cost, and how they could wind up saving you a boatload of cash—or help you negotiate a sweet deal!

Rose Buckley is a certified home inspector who has walked 1,000-plus homes. And with her background in teaching and translating, she enjoys breaking down this part of the business for up-and-coming investors.

Rose shares her tips for finding a great local inspector and reveals which defects are no biggie, which are challenging, and which ones can be "deal killers."

And yes. We, too, noticed Rose is a female in a male-dominated profession. That led to a great discussion about how she approaches that challenge, how sometimes it's actually an opportunity, and why training as a home inspector—regardless of your gender—may get you closer to your investing goals.

Subscribe to Real Estate Rookie in your favorite podcast app, and if you enjoyed this episode, please pass it on to just ONE friend or family member who might, too.

In This Episode We Cover:

  • What makes a great home inspector
  • Using an inspection report in price negotiations
  • The most common issues Rose runs into
  • Why water is the real estate investor's No. 1 enemy
  • The time she spent 8 hours inspecting a single house
  • How to spot sloppy work in a house that's been flipped
  • Termite and pest infestations
  • GFCI outlets in bathrooms and kitchens
  • Rose's experience as a female in a male-dominated industry
  • How becoming a licensed inspector could make you a savvier investor
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/rookie11

May 13, 2020
2 Long-Distance Rentals with $0 Down with Tony Robinson
00:53:24

Tony Robinson had every excuse NOT to invest.

Expensive local market? Demanding full-time job? Family responsibilities?

Check, check, and check.

So, how did he pull off his first two deals in a cash flow-friendly market 1,500 miles away?

Today, Tony spills the beans: how he got a bank to loan him 100% of purchase AND rehab cost, how he managed contractors from afar, two crucial lessons he learned on his first deal, and much more.

Tony shares tip after tip for investors like you—especially if you live in a pricey area (he lives in Southern California and invests in Shreveport, Louisiana).

Plus, he dives into the mindset shifts that helped him break through—and how becoming a father at a young age led to a goal of achieving financial independence.

We guarantee you'll get value out of this episode. If you agree, subscribe to the show and give us a rating and review in Apple Podcasts. See you next Wednesday!

In This Episode We Cover:

  • How Tony got past a failed first deal
  • Zeroing in on one zip code when looking for deals
  • Why he chose to invest in Shreveport, LA
  • How he pulled his money out by refinancing
  • Why real estate is "80% mental"
  • Finding a real estate agent and property manager out-of-state
  • Managing renovations remotely using FaceTime
  • How a local bank funded 100% of his projects
  • How a construction loan works and what "draws" are
  • Analyzing local rents
  • Why he locked in his tenants on a 2-year lease
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/rookie10

May 06, 2020
Finding Off-Market Deals, Step-by-Step with Ryan Dossey (Mentor) and Drew Wiard (Mentee): Part 1
01:02:36

Can't find deals on the MLS? Dreaming about off-market deals, but not sure how to go after them?

Today's show lays out a step-by-step, repeatable strategy for those of you who have what it takes to approach homeowners directly. It's not easy. It takes patience. And It costs money (or time). But for those precise reasons, it's where the real money is.

Today we bring in Drew Wiard, a Fort Wayne, IN investor with a family and a full-time job. He's joined by his mentor, Ryan Dossey, a former BiggerPockets Podcast guest who built his 100+ unit portfolio by creating a pipeline of off-market deals.

The guys walk us through how to build a brand that stands out from the competition, how to establish authority online, and how to pull lists full of juicy leads. This is not vague advice... they reveal the exact systems and resources they're using to find and contact sellers (not all of whom fit the "desperate/distressed" stereotype, by the way)!

Plus, we have a great conversation about mentoring in general – how to find and vet teachers, how to deliver value, and how to hold one another accountable along the way.

This is actually Part 1 in a series; we're going to invite Drew and Ryan back next month to tackle the second piece of this puzzle: handling leads, negotiating with sellers, and crafting your exit strategy.

If you think you have what it takes to find off-market deals, this episode is a perfect starting point. Be sure to subscribe to the show in your favorite app, and we'll see you next Wednesday!

In This Episode We Cover:

  • Building a local community-oriented brand when marketing to sellers
  • How to differentiate yourself from other "We Buy Houses" competitors
  • Setting up a Carrot website
  • Creating a web presence to build authority
  • How to identify the hottest zip codes in your area
  • Building "niche" marketing lists using online public records
  • How to generate off-market leads without quitting your day job
  • Eye-catching direct mail pieces
  • The Customer Relationship Management (CRM) system Ryan and Drew use
  • How Ryan holds Drew accountable to his goals
  • How to bring value to your mentor
  • How Drew makes time for investing despite having a demanding job and a family
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/rookie9

Apr 29, 2020
Why Pay Someone Else's Mortgage? Ditching $20k/Year Rent with Mallori and Lucas
01:09:46

Banks tend to love a certain type of borrower... and Mallori and Lucas don't quite fit the mold.

They're not 9-to-5ers. They rely on tips and seasonal work. And they live modestly but aren't swimming in cash. So, when they took the plunge into real estate investing—in pricey Tacoma, Washington—they had some work to do to become "bankable."

Today you'll learn how despite a few roadblocks, they dumped their rent payment and pulled off their first-ever home purchase: a house hack in an up-and-coming area. From shopping around between banks, to securing a "rehire" letter to verify employment, to negotiating "early access" to the property and doing some repairs before closing, this episode is full of great tips for those just starting out.

Also—it's a reminder that "sweat equity" doesn't always mean physical labor. Sometimes it's just as important to stay focused and organized when it comes to the huge amounts of paperwork involved in a real estate transaction!

Let us know what you think of the show in our Facebook group (just search "Real Estate Rookie"), and subscribe so you won't miss out next week. See you Wednesday!

In This Episode We Cover:

  • What Mallori and Lucas learned from a first-time homebuyer class
  • The mindset shift that helped them overcome their fears
  • How they avoided analysis paralysis
  • Getting access to a property to do repairs before closing
  • How they ensured their property passed the appraisal
  • How they got free carpet for their rehab
  • How blue-collar workers can be real estate investors, too
  • How seasonal workers can make themselves more bankable
  • What a "rehire letter" is
  • How they analyzed several house hack deals
  • Why listings with one Google Street View photo can be hidden gems
  • Websites where they check rent comps
  • Why their real estate agent turned out to be their "MVP"
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/rookie8

Apr 22, 2020
6 Things New Investors Should Be Doing Right Now
01:08:19

If you've been telling yourself, "I'll invest in real estate when prices come down," well... that time may be coming.

So, what should rookie real estate investors be doing now to prepare?

Today we outline six action items—from shoring up your financial position to making yourself an attractive partner. Also, we bring back the "Rookie Request Line" so you can hear Ashley and Felipe's answers to a few questions from the audience.

If you feel stuck, fearful, or just restless while you're cooped up inside... then check out this episode and take action!

If you're enjoying the show, please take 30 seconds to give us an honest review on Apple Podcasts.

See you next Wednesday!

In This Episode We Cover:

  • How to secure long-term debt now
  • How to make yourself bankable
  • Why now is the perfect time to practice analyzing deals
  • Why you should take a fresh look at your tenants' leases
  • How to make yourself an attractive real estate partner
  • What balloon payments are and how to plan for them
  • Emergency preparedness procedures
  • Getting your mindset right before jumping into real estate investing
  • And SO much more!


Links from the Show


Check the full show notes here: http://biggerpockets.com/rookie7

Apr 15, 2020
The Ultimate Beginners Guide to Tenant Screening with Lucas Hall
01:04:47

Today we tackle the often-overlooked -- but perhaps most important -- element of real estate investing: actually placing a (great!) resident in your property.

Our guest Lucas Hall built website Landlordology.com (which he later sold to Cozy, where he now works) and is an expert on best practices for landlords self-managing small portfolios (that's you!).

Lucas walks us through his exact process from the moment he lists a property for rent, to the moment he signs a lease -- AND explains what's changed (and what hasn't) since the COVID-19 outbreak began.

Want to avoid evictions and vacancy? Listen up...⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀

Lucas has been a landlord for 10+ years, owns 4 properties across 3 states. Yet he still hasn't had to evict anybody. That's not an accident; it's the result of a firm but fair process he follows every time there's a vacancy.

Plus, we add a fun twist toward the end of the episode when a rookie investor -- Andrés Bustamante -- jumps on the call to ask some GREAT questions about his own current search for a tenant.

This is a timeless episode that will be just as relevant years in the future. Check it out now, and subscribe to Real Estate Rookie so you won't miss the next one.

See you next Wednesday!

In This Episode We Cover:

- The importance of "pre-screening" over the phone

- Online tools to run background and credit checks

- Why you should always check an applicant's social media profiles

- The income-to-rent ratio Lucas uses to qualify tenants

- Why gathering social security numbers is overrated

- Photo ID checks

- Where to find classes on how to be a fair, ethical landlord

- How to follow fair housing laws

- What Lucas thinks of "cash for keys"

- Whether to accept pre-payment of rent

- Co-signing/guarantor arrangements when a tenant has no income

- How to show properties during the COVID-19 quarantine

- Handling late and non-payment of rent

And much more!

Apr 08, 2020
Doing Deals While Quarantined with Jeremy, Kristen, and Rafael
00:51:19

Yes, newbies ARE still closing deals out there.

This week, we talk to three up-and-coming investors who either recently closed or are currently under contract on investment properties.

Despite entire parts of the economy being shut down, real estate continues to be classified as "essential" -- and Jeremy Goldizen (Avon, OH), Kristen Johnson (Columbia, SC), and Rafael Estrada (Denver, CO) are all taking advantage.

This episode was streamed as a Facebook live, so our audience pitches in and puts some timely questions to our guests and hosts.

How did Jeremy score a 55% discount on a house he plans to BRRRR?

How did Kristen find the wholesaler who brought her the perfect rental property?

And how did Rafael shift his strategy when coronavirus hit and flipping no longer looked like such a great idea?

Hit play, and get answers to all those questions and more.

Next week, we'll be talking about how to screen and work with tenants in the current environment.

You won't want to miss that one... so subscribe to Real Estate Rookie in your favorite podcast app, and we'll see you next Wednesday!

Apr 01, 2020
Start Now, or Wait This Thing Out? Live Audience Q&A
00:45:20

In this episode, we hand the mic over to YOU.

Yesterday (March 24) Ashley and Felipe took took live listener calls and real-time questions from Real Estate Rookie Facebook group members.

"Should I go through with my deal?" "How do I handle my short-term rental?" "How are more experienced investors shifting their big-picture strategy?"

Those are just FEW of the questions we take on in this fast-paced episode.

What do you think of this format? Let us know in the Real Estate Rookie Facebook group -- and tell us what topics you want us to tackle next week.

This are disorienting times for investors of ALL skill levels... but by sharing information and resources, we put ourselves in the best possible position to build wealth throughout good markets AND bad.

See you next Wednesday.

Mar 25, 2020
Coronavirus Crash? Do's and Don'ts from Recession Veterans Joe Asamoah and Steve Rozenberg
00:57:14

It's a new week... and, seemingly, a new world.

So -- we've got a new (and very fresh) episode for you... with a twist on our usual format.

On Tuesday, March 17, Ashley and Felipe sat down with Joe Asamoah and Steve Rozenberg to discuss the topic on everyone's mind: the COVID-19 outbreak and its inevitable impact on real estate investors.

Think of it as a virtual coaching session with two seasoned, successful investors who have withstood several downturns and lived to tell about it.

Joe and Steve have a combined 50 years of experience under their belts, so they offer a valuable perspective to younger or less experienced investors -- our fearless co-hosts included -- who haven't yet seen a full real estate cycle.

This episode covers it all -- from the mindset successful investors use to accelerate wealth-building through downswings, to the shifting competition you're likely to face, to how to whip your finances into shape and secure lines of credit BEFORE you need them.

Plus -- Joe breaks down how renting to Section 8 voucher holders can be a lifeline during a recession (assuming you do a few things exactly right), and Steve shares his tips for designing systems and checklists (he's a pilot after all!) so you can think clearly... even when you're steering into economic headwinds.

This episode is GOLD for investors on the hunt for their first, second, or third deal in 2020... Stay safe, everyone -- and we'll see you next Wednesday.


In This Episode We Cover:

  • Why the first thing we should all do is "take a breath"
  • The importance of a well-thought-out business plan
  • Learning from local investors who thrived during past crashes
  • Why you're likely to see more flippers leasing out houses
  • Why taking out a HELOC may make sense right now
  • Treating tenants like customers to reduce turnover
  • Why Joe believes "your tenant is the true asset"
  • What Steve learned from 9/11 and Hurricane Harvey
  • Learning from your own (and others') failures
  • And SO much more!


Links from the Show


Check the full show notes here: http://biggerpockets.com/rookie3

Mar 18, 2020
Going All Out to Secure Deal #1 (For Sale By Owner!) with Tim Goutos
00:59:31

Ever felt like you're close to breaking into real estate investing, but not quite getting anywhere?


Today's guest, Tim Goutos, was right there with you. But after taking a trip abroad to clear his head, Tim narrowed his focus and went ALL-OUT in pursuit of his first deal.


He talked to everybody about his goal. He went driving for dollars in his hometown of Lake George, NY. Then, after seeing a For Sale By Owner (FSBO) sign, he called the owner on the spot.


What happened next? You'll hear the story in today's episode of the Real Estate Rookie Podcast.


We'll cover how to manage fear when making a cold call, how to crunch the numbers using government tax records, and how to protect yourself against the worst-case scenario.


Plus -- if you know anyone who got burned in 2007-08.. or worry you'll meet the same fate... you'll connect with Tim's story. He had a close relative who lost out in the last downturn, so he had every reason to stay far away. Instead, Tim learned all he could and put together a more conservative game plan.


"Captain Tim" is a relatable, down-to-earth guy... and you can learn a lot from his approach of looking to "get on base" rather than hit a home run right away.


Tell us what you think of this episode in the Real Estate Rookie Facebook group, and subscribe to the podcast in your favorite podcast app so you won't miss the next show!

Mar 11, 2020
From 4 Years of Analysis Paralysis... to 4 Cash-Flowing Properties with Lauren and Kyle Clugston
01:02:31

How will YOU transition from the "getting educated" phase to taking direct action toward your real estate goals?

Start by taking cues from Lauren and Kyle!

In this premiere episode, they share how they powered through their initial hesitation to build a "small but mighty" rental portfolio in less than 3 years' time... a portfolio that has them well on their way to a life of financial freedom (and maybe even a "boat house!").

You'll love their tips for identifying the right market for you, minimizing risk by house hacking, and leveraging your local meetup group to get the scoop on real estate trends in your area.

Plus, they guide us through their first "true" BRRRR deal—sharing lessons from their experience negotiating directly with a seller, firing a contractor, and finding time to DIY a lot of the renovation, all while juggling two full-time careers.

Lauren and Kyle may seem like sophisticated investors now. But in 2017, they were right where a lot of you are today. By following their roadmap and adjusting it to your market, you too can build a mini-empire that funds the life you dream about.

Make sure to subscribe to Real Estate Rookie in your favorite podcast app, and join our Facebook group (just search "Real Estate Rookie") to continue the conversation. See you next Wednesday!


In This Episode We Cover:

  • Lauren and Kyle's backstory
  • How Lauren overcame 4-year analysis paralysis
  • How Lauren and Kyle balance full-time careers with real estate investing
  • How the BRRRR strategy worked for them
  • Why they let other investors (their “competition”) walk through their property
  • Why their MVP is their real estate meetup group
  • Rookie Request Line: "What is your best advice for finding real estate agents who know what they're doing with investors?"
  • And SO much more!

 

Check the full show notes here: http://biggerpockets.com/rookie1

Mar 05, 2020
Trailer
00:01:14

Coming March 5, from BiggerPockets. Subscribe wherever you listen to podcasts!

Feb 19, 2020