Real Estate Rookie

Apply to Be a Guest on the “Real Estate Rookie” Podcast

How to Work LESS and Earn MORE by Putting “Profit First” in Real Estate

How to Build Effective Systems in Your Real Estate Business

Books Mentioned in the Show:

Real Estate Partnerships by Ashley Kehr & Tony Robinson

The E-Myth Revisited by Michael Gerber

Clockwork by Mike Michalowicz

Traction by Gino Wickman

Buy Back Your Time by Dan Martell

Check the full show notes here: https://www.biggerpockets.com/blog/rookie-348

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347: How to Quit Your W2 Job and Become a Full-Time Real Estate Investor w/Matthew Marcelissen Dec 12, 2023

Show notes

Is it your dream to quit your W2 job and pursue real estate investing full-time? Unfortunately, the transition from working for someone else to becoming your own boss doesn’t happen overnight. As you’re about to learn from today’s guest, there are several factors you MUST consider before handing in your two-week notice!

Welcome back to the Real Estate Rookie podcast! Today, we’re chatting with Matt Marcelissen, an HR consultant by day and investor by night. In only a few years, Matt has built a real estate portfolio of four properties and eleven doors. Now, he finds himself at a crossroads. Should he quit his corporate job to focus on real estate? On one hand, Matt’s six-figure salary provides a sense of financial security and allows him to save money for more real estate. On the other hand, Matt commits most of his time and energy to his W2 job during the day—leaving him too mentally and physically exhausted to work on his real estate business.

In this episode, Ashley and Tony offer some invaluable advice to not only Matt but also any rookie investor who might be considering a full-time career in real estate. Whether it’s sticking with your W2 job, dialing back to part-time, or creating multiple streams of income, there are all kinds of ways to make real estate work for you. Stay tuned to find the BEST option for you!

In This Episode We Cover

When to quit your W2 job to focus on your real estate business

Reducing your monthly expenses to free up more money for real estate

How to avoid lifestyle creep with a high-income W2 job

Why you NEED to hire a virtual assistant for your real estate business

Costly mistakes to avoid on home renovation projects

Landing MORE deals by submitting backup offers on properties

And So Much More!

Check the full show notes here: https://www.biggerpockets.com/blog/rookie-347

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346: The Multifamily Investing Masterclass: How to Get Started in 2024 w/Andrew Cushman Dec 07, 2023

Show notes

Multifamily real estate investing can be scary to a new investor. After all, buying more units requires more money, more resources, and a larger team. But today’s guest is here to show you that multifamily investing is not nearly as intimidating as it may seem and why NOW is the perfect time to get started!

Welcome back to the Real Estate Rookie podcast! In this episode, Andrew Cushman delivers a masterclass in multifamily real estate. Andrew got his start flipping houses for profit, only to find that he was missing out on the consistent cash flow and long-term appreciation of buy and hold properties. So, he dived headfirst into the world of multifamily investing. Today, he shares how he landed his first multifamily deal—the good, the bad, and the ugly.

If you’ve ever considered buying multifamily properties, Andrew explains why you should start now. He also offers some essential tips for investing in today’s market and provides a wealth of resources to help you define your perfect buy box. Finally, you’re going to need the right people around you to tackle multifamily real estate. Andrew shows you how to build your team and how to pitch a long-term buy and hold property to potential investors!

In This Episode We Cover:

Why NOW is the perfect time to start investing in multifamily real estate

Three ways to fund your first multifamily deal (with other people’s money!)

Multifamily deal analysis and tips for buying in today’s market

The two CRITICAL deal analysis mistakes that investors make

How to assemble a high-performing team for your multifamily business

And So Much More!

Links from the Show

Apply to Be a Guest on the “Real Estate Rookie” Podcast

Grab Your Copy of David Greene’s Book, “Long-Distance Real Estate Investing”

Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Deal w/ Andrew Cushman

The 8 Steps That Will Stop You From Getting Burnt on Multifamily Deals w/ Andrew Cushman

Why Self-Storage Beats Rental Properties w/ AJ Osborne

Resources to Help You Build Your Buy Box:

Rich Blocks Poor Blocks

Bright Investor

Neighborhood Scout

Connect with Andrew:

Andrew's BiggerPockets Profile

Andrew's LinkedIn

Vantage Point Acquisitions

Check the full show notes here: https://www.biggerpockets.com/blog/rookie-346

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345: 69 Doors from ONE Real Estate Deal Using Other People’s Money w/Andrew Freed Dec 05, 2023

Show notes

Taking down a $6.5 million real estate deal might seem like an unlikely feat for a rookie investor, but it’s not if you use other people’s money. When today’s guest had a large portfolio of multifamily properties fall into his lap, he exhausted all of his resources to bring it home—dodging multiple curveballs along the way!

In this episode of the Real Estate Rookie podcast, we’re diving into the world of syndication with investor Andrew Freed. Real estate syndications can be a great way to build a real estate portfolio without using much of your own money, but this investing strategy also requires careful planning and coordination. The biggest challenge for most investors? Raising capital. And that was certainly the case for Andrew, who only managed to scrounge up the funds he needed during the eleventh hour.

While you may not plan on tackling a multimillion-dollar syndication deal any time soon, there are several important lessons that every rookie investor can take away from Andrew’s latest deal. In this episode, you’ll learn how to find the BEST deals through local real estate meetups, how to raise a TON of capital by leveraging your own network, and how to bring a deal to potential investors!

In This Episode We Cover:

How to build a large real estate portfolio using other people’s money

Finding RARE deals by attending your local real estate meetups

Leveraging your network to raise capital for syndications

The best ways to present a syndication deal to potential investors

How to negotiate financing terms on a large commercial loan

And So Much More!

Links from the Show

Apply to Be a Guest on the “Real Estate Rookie” Podcast

Grab Your Copy of “Real Estate Partnerships”

24 Units in 2 Years by Making Your Rentals Match the Market w/ Andrew Freed

Use the BiggerPockets Glossary to Learn Key Real Estate Terms

Learn More About Tony’s Latest Syndication Deal

Get Your Syndication Questions Answered by SEC Attorney Bethany LaFlam

Connect with Andrew:

Andrew's BiggerPockets Profile

Andrew's Instagram

Check the full show notes here: https://www.biggerpockets.com/blog/rookie-345

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com

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344: How to Build Wealth Through Real Estate FASTER with a “Limitless” Brain w/Jim Kwik Nov 30, 2023

Show notes

If you’re looking to build wealth through real estate or start your own business, there’s one crucial skill you may be overlooking—learning! The faster you can learn, the faster you can earn. So, how do you optimize your most powerful tool—the brain? Today, we’ve got one of the world’s most well-known brain experts on deck to help!

Welcome back to the Real Estate Rookie podcast! In this episode, we’re picking the brain of Jim Kwik—a New York Times best-selling author and coach who has worked with the likes of Nike, Google, and other global brands over the last 30 years. After being dubbed “the boy with the broken brain” due to traumatic head injuries he sustained in early childhood, Jim developed strategies that allowed him to overcome these limiting beliefs and rise to the top of his class. Today, he teaches these same strategies to people who want to learn faster and improve their memory.

This episode is brimming with transformative tips that anyone can apply. Jim offers a three-step formula you can use to STOP procrastinating and discusses the power of a positive peer group. He also talks about managing risk when stepping into the world of real estate investing and equips rookies with ways to combat high stress levels. Finally, he shares the “superpower” you need to fast-track your personal development!

In This Episode We Cover:

Optimizing your brain to build wealth through real estate faster

The simple, three-step formula you need to STOP procrastinating

The power of a positive peer group (and how to build your circle of influence)

The “superpower” you need to accelerate your personal development

How to manage risk and handle stress as a new real estate investor

The “lies” that STOP you from succeeding in real estate (and how to combat them!)

And So Much More!

Links from the Show

Apply to Be a Guest on the “Real Estate Rookie” Podcast

How Can You Achieve a Mindset for Investing Success?

7 Mindsets to Help You Grow Your Real Estate Business

Discover Your “Brain Animal”

Book Mentioned in the Show

Limitless Expanded by Jim Kwik

Connect with Jim:

Check the full show notes here: https://www.biggerpockets.com/blog/rookie-344

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342: How to Buy Real Estate WITHOUT The Banks (Private Money Explained) Nov 23, 2023

Show notes

Need flexible funding for your deals? Private money could be the answer. Whether you’re looking to dodge the bank or want greater control over the terms of your deal, that’s exactly what this creative finance option can provide. Our hosts can vouch for it!

Welcome back to the Real Estate Rookie podcast! Today, we’re taking a deep dive into private money—the creative finance solution that allows you to fund more deals without huge down payments or stellar credit. Tony and Ashley share how they discovered private money and why it’s their go-to financing option today. If you’re looking to borrow funds, our hosts will show you how to find private money lenders, how to structure your private loans to benefit both parties, and why this financing solution is the PERFECT stepping stone for a future investing partnership.

In this episode, you’ll also learn about the three essential documents for all private money loans, as well as how to approach your lender about structuring a deal. But that’s not all—this masterclass is for the private money lenders, too! Tony and Ashley discuss ways to protect yourself in a deal and how to ensure that you get your money back. Finally, you’ll learn when not to lend private money!

In This Episode We Cover:

How to get 100% financing for your deals using private money

The differences between traditional bank financing, hard money, and private money

How to find a private money lender for your next real estate deal

The three documents you NEED for any private money partnership

The best ways to protect yourself when lending money

Crucial tax advice for those using private money for their deals

And So Much More!

Links from the Show

Apply to Be a Guest on the “Real Estate Rookie” Podcast

Private Capital Explained: The 4-Second Pitch to Unlock Unlimited Funds (Part 1) w/ Amy Mahjoory

Private Money Explained: 5 Simple Ways to Find Private Money (Part 2) w/ Amy Mahjoory

Private Money Explained Part 3: The “Credibility Pieces” Lenders Love to See w/ Amy Mahjoory & Josiah Hein

Private Money Explained Part 4: Rates, Returns, and Protecting Investors w/ Amy Mahjoory

How to Buy a Rental Property with NO Money OR Credit w/ Pace Morby

Making $71K on ONE DEAL After 5 Failed House Flips and Six-Figure Debt w/ JP Desmet

Generate Your Own Loan Amortization Schedule:

Bankrate

EZ Financial Calculators App

Books Mentioned in the Show

Real Estate Partnerships by Ashley Kehr & Tony Robinson

Check the full show notes here: https://www.biggerpockets.com/blog/rookie-342

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com

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341: No Cash to Invest? Use THIS Side Hustle to Help Buy Your First Rental w/Dan McDonald Nov 21, 2023

Show notes

Saving for your first rental property can take a while, but adding side hustle income could help you stockpile enough cash to buy much sooner. Today’s guest discovered the PERFECT side hustle to pair with his W2 income—allowing him to fast-track his savings and close on his first two investment properties in no time!

Welcome back to the Real Estate Rookie podcast! Today, we’re joined by Dan McDonald, an investor who house hacks to help cover his mortgage in an expensive market. Dan’s goal? To reach financial freedom by the age of forty. And, with two newly renovated duplexes that should not only cash flow but also appreciate in value, he’s well on his way to achieving that lofty goal!

If you don’t quite have enough cash to invest in real estate, don't worry—Dan, Ashley, and Tony are here to offer some timely advice on how to increase your income with side hustles. You’ll also learn how to get started with house hacking (and how to convince your spouse that it’s the right move). Stay tuned until the very end to hear Dan’s top house hacking tips that ALL rookies must know!

In This Episode We Cover:

The fast-cash side hustle that can help you buy your first rental

How to get your spouse on board with real estate (and house hacking!)

The “easiest” real estate investing strategy that ALL rookies should know

Essential tips and tricks for first-time house hackers

Appreciation versus cash flow (and which one YOU should target!)

When to offer MORE than the asking price on a property

And So Much More!

Links from the Show

Apply to Be a Guest on the “Real Estate Rookie” Podcast

Financially Free in 2.5 Years by Buying “Low Risk” Rental Properties w/ Craig Curelop

No Money for Real Estate? 2 Side Hustles You Can Use to Fund Your First Deal

Making $8K/Month from 2 Doors and How to Get HUGE Cash Flow with Fewer Units

Books Mentioned in the Show

Real Estate Partnerships by Ashley Kehr & Tony Robinson

The House Hacking Strategy by Craig Curelop

Connect with Dan:

Dan's BiggerPockets Profile

Dan's Instagram

Dan's Website

Check the full show notes here: https://www.biggerpockets.com/blog/rookie-341

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com

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340: Why Self-Storage Beats Rental Properties w/AJ Osborne Nov 16, 2023

Show notes

Self-storage investing saved AJ Osborne’s life. After sudden paralysis and being left in a coma, AJ was fired from his job. He couldn’t work, walk, breathe, or do anything without assistance. Strapped to a hospital bed, with only the ability to blink “yes” or “no” to the doctors, AJ didn’t have to worry about bills getting paid or whether his kids would have a happy Christmas—self-storage took care of his finances while he miraculously recovered.

For this reason and many others, self-storage may be the best real estate investment on the planet. But you’ve probably never considered it or looked into buying a facility. For less money, self-storage facilities produce more cash flow, less headache, and significantly lower risk than rentals. Even better? There are no clogged toilets or broken refrigerators. Just four walls and a metal door—that’s the entire investment.

In today’s show, you’ll be brought to the light side, seeing how self-storage, a traditionally unsexy asset class, beats rental properties in almost every way imaginable, plus how this asset was able to save AJ’s life and financial future. AJ even explains why now may be the BEST time to get into self-storage.

In This Episode We Cover:

AJ’s unbelievable story from paralysis to comatose to walking and making millions

How to make progress in your life or business during times of severe physical or mental pain

The “greatest thing” that ever happened to AJ that made him a success

Why self-storage facilities beat rental properties in almost every way imaginable

AJ’s self-storage playbook and how he finds the best facilities to buy

Investing in 2023/2024 and why now may be the PERFECT time to buy a facility

Why self-storage makes the perfect “recession-resistant” asset

And So Much More!

Links from the Show

Apply to Be a Guest on the “Real Estate Rookie” Podcast

18 Deals in 2 Years AND a Full Time Job with Kevin Christianson

How to Buy a Foreclosed Home: Guide for Finding Deals

BEFORE You Buy: How to Know Your Market (and Property) Will Make It in 2023

Check Property Liens with PropStream

BrightInvestor

NeighborhoodScout

Check the full show notes here: https://www.biggerpockets.com/blog/rookie-340

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com

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339: A Beginner’s Guide to the BRRRR Method (Buy, Rehab, Rent, Refinance, Repeat) Nov 14, 2023

Show notes

Want to build your rental portfolio faster? Then the BRRRR method is about to become your best friend. BRRRR (buy, rehab, rent, refinance, repeat) allows you to take one investment property and turn it into MANY, all while using the same stack of cash you started with on the first property. This means you can “infinitely invest” with the same money over and over and over again! But how do you pull off a BRRRR in today’s tough housing market?

We’ve got Sir BRRRR himself, David Greene, on the show to teach you what BRRRR is, how to find BRRRR deals, how to analyze your first BRRRR, and how to recycle your investment so you reach financial freedom in years, NOT decades. Whether you’re searching for your first BRRRR deal or rehabbing your fifth, you’ll want to hear David’s latest tips and tricks for all BRRRR investors. Don’t miss out!

Unlock UNLIMITED usage of the BRRRR calculator, get lawyer-approved lease agreements for your state, and find financial freedom FASTER with BiggerPockets Pro! Click here to sign up and use code “REPEAT20” to get 20% off your annual membership AND a $2,000 value in bonuses!

The BRRRR method explained and how to use it to infinitely invest
How to get PAID to buy cash-flowing rental properties (seriously!)
Using BRRRR in 2024 and whether or not it works in today’s market
How to analyze a BRRRR deal from start to finish
Whether BRRRR is the right strategy for you
The pitfalls of BRRRR you MUST look out for when doing your first deal
And So Much More!

Check the full show notes here: https://www.biggerpockets.com/blog/rookie-339

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com

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338: Rookie Reply: How to Find RARE Rentals by Buying Properties in Preforeclosure Nov 11, 2023

Show notes

Finding an investment property in preforeclosure can feel like uncovering a diamond in the rough, as the seller may be more motivated to get a deal done faster and for less. However, there’s one crucial thing you should be aware of BEFORE you take action on your end. Hint: you could pay a few extra costs to score a RARE deal!

Welcome back to another Rookie Reply! In this episode, Ashley and Tony talk about buying properties in preforeclosure—including when it makes sense to buy a property “subject to.” They also go over the most important data points to analyze when choosing your market, as well as how to avoid jumping the gun when listing a new property for rent. Finally, home renovation projects can be tricky when you’re an out-of-state investor. Our hosts share how they purchase materials, as well as their go-to investing hack that will save you a fortune!

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 you MUST know before buying a property in preforeclosure

When it makes sense to buy a property subject to (and pay the extra costs!)

Critical data points you MUST include in your market analysis

How to buy materials for home renovation projects when investing out-of-state

How to list your investment property for rent (and pitfalls to avoid!)

The investing hack that will save you a TON of money on materials

And So Much More!

Links from the Show