Real Estate Rookie

Rookie Podcast 109: From Sleeping in His Car to Multi-Unit Landlord & The “Nomad” Strategy

Real Estate Rookie Podcast

Check the full show notes here: https://www.biggerpockets.com/rookie129

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128: Rookie Reply: Finding & Financing Bigger Real Estate Deals Nov 06, 2021

Show notes

Ashley and Tony have been on a tear this year, buying up more homes than ever before. They’ve also been branching out into bigger commercial deals, like RV parks, campgrounds, hotels, motels, and more. While every real estate rookie knows the thrill of finding a new deal, many don’t understand the struggles that go with it.

Today, Ashley and Tony walk through the biggest hurdles they’ve been facing when trying to chase bigger, better deals. One of the biggest struggles when getting into a larger real estate class is financing. You’ll hear how the hosts individually dealt with difficult financing challenges, from subject to financing to raising money and syndicating.

If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).

Links from the Show

Real Estate Rookie Rookie Facebook Group

BiggerPockets Podcast 527: 300 Doors, 100% Creative Financing with Pace Morby

Vrbo

Airbnb

BiggerPockets

Check the full show notes here: https://www.biggerpockets.com/rookie128

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127: Buying Property While Stationed Overseas (and a $40k Rookie Mistake!) Nov 03, 2021

Show notes

Military members in the real estate community love to preach about how great the VA loans are for financing primary residences. They also love the fact that these primary residences can be turned into rentals, quite easily, when the military decides to station you elsewhere. This is exactly how Angel Garcia got his start; accidentally investing in real estate, all while stationed overseas.

Angel bought his first house as a way to ensure financial security for his wife and daughter, but when he was re-stationed, he decided to give landlording a go. He bought another primary residence, but once again, was forced to move, leaving him with two rental properties. He started to notice the cash flow coming in, and with some help from David Green’s Book Long-Distance Real Estate Investing, he made the jump to invest out-of-state.

He made an offer on the perfect property, a $55,000 duplex, but when his inspector wouldn’t even enter the house, he knew he may have made a mistake. This home had $40,000 in foundation damage that needed to be repaired, turning his small investment into a cash-heavy burden. Through perseverance and the ability to learn from past mistakes, Angel was able to make this rental cash flow a respectable amount and it allowed him to get even further along the path to financial freedom.

In This Episode We Cover

Opening yourself up to investing, even if you were raised without an investor’s mentality

Using rental property investing as a way to secure generational wealth for your family

Utilizing VA loans to get 0% down financing on your primary residence

Why you need to be careful you don’t talk yourself out of a deal

Why you should always “do something” even if you can’t buy a property yet

Recovering from a $40,000 surprise when rehabbing a property

How to help those around you even if they don’t seem interested in learning

And So Much More!

Links from the Show

Real Estate Rookie Rookie Facebook Group

BiggerPockets Calculator

BiggerPockets Forums

Check the full show notes here: https://www.biggerpockets.com/rookie127

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126: Rookie Reply: Want to Be a Full-Time Investor? Learn These Skills! Oct 30, 2021

Show notes

This week is less of a Rookie Reply, and more of a “Rookie Ramble” as Ashley likes to call it, as Tony and Ashley ask each other questions about their road to full-time investor status. They talk about first jobs, best degrees for real estate investing, the industries they chose to go into after college, and the skills they wish they had learned earlier.

Both Tony and Ashley didn’t have the end goal of investing in real estate upon graduation, but they made smart choices in their W2 careers that allowed them to go full-time when the opportunity presented itself. If you’re young or even just starting out on this real estate journey, ask yourself, “what skills do I need to develop to succeed at this?”

If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).

Links from the Show

Rookie Podcast 118: Stop Scrolling, Start Posting: Social Media for Real Estate Investors

BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming

Check the full show notes here: https://www.biggerpockets.com/rookie126

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125: Using OnlyFans to Fund Ownership in Her First BRRRR w/ Brin Amberlee Oct 27, 2021

Show notes

You could say that Brin Amberlee isn’t a traditional real estate investor. She doesn’t have tons of experience with property management, construction, or investing, but she does have the will to succeed. After buying her primary residence in Las Vegas, Brin was prompted by friends to start listening to The BiggerPockets Podcast, where she learned about the mind-blowing BRRRR strategy. Brin's funding source for the deal? Her OnlyFans business!

Hailing from Columbus, Ohio, she knew that investing in her hometown would be a perfect place to practice her first BRRRR, turning an old house into an instagramable short-term rental. With help from her father, she is personally taking the time to demo, rehab, and design this property, top to bottom.

Brin touches on everything from finding an investor-friendly agent, to viewing properties, analyzing deals, getting financing, growing your personal brand, and more. She has some big plans to buy even more short-term rentals after this first BRRRR, and we doubt we won’t see her back on The Real Estate Rookie podcast very soon, with a lot more units to her name!

In This Episode We Cover

Resisting lifestyle creep so you can use extra money to invest

Why your first BRRRR doesn’t need to be perfect

Surrounding yourself with those who achieve greatness and distancing from those who don’t

Vacation home mortgages vs. conventional mortgages on short-term rentals

Building your brand on social media and beyond

The importance of keeping healthy reserves in case a rehab goes over budget

And So Much More!

Links from the Show

Rookie Podcast 123: ‘Building’ Wealth as a 24-Year-Old with 12 New Construction Projects

MLS

Airbnb

BiggerPockets

BiggerPockets Calculator

Instagram

Tiktok

BiggerPockets Rent Estimator

Investor Girl Britt

Check the full show notes here: https://www.biggerpockets.com/rookie125

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124: Rookie Reply: Tony & Ashley Talk Challenges They Face Today Oct 23, 2021

Show notes

We’d all like to imagine that Ashley Kehr and Tony Robinson are perfect investors. They do perfect deals, have a perfect team, and everything runs smoothly in their lives. While they are two phenomenal investors, they still face the challenges that most entrepreneurs and real estate investors also face off-camera.

From shiny object syndrome to letting go of the entrepreneurial reigns, Tony and Ashley squeeze in a lot into this Rookie Reply. If you feel like you’ve been getting bored on your journey or simply are too anxious to take the next step, remember that Tony and Ashley have felt the same way.

If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).

Links from the Show

Real Estate Rookie Rookie Facebook Group

BiggerPockets Rookie Bootcamp

Airbnb

Alpha Geek Capital

BiggerPockets Rookie Episode 125

Check the full show notes here: https://www.biggerpockets.com/rookie124

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123: ‘Building’ Wealth as a 24-Year-Old with 12 New Construction Projects Oct 20, 2021

Show notes

New construction is an enigma to many real estate investors, and especially to rookies. When building a new house, you need to understand engineering, permitting, construction, and a more complicated funding structure. This didn’t stop Donovan Adesoro, house hacker turned home builder from keeping the investment train going.

Although Donovan had a background in engineering, he didn’t have much experience with building homes. He started off buying a duplex property to house hack, which turned out so well that he wanted to buy another. The problem? Not enough cash to make the down payment. So he wondered, “what would it cost if I built one of these?” Donovan discovered that he was able to use raw land as a down payment for a new construction loan. So if he had enough to buy the land, he had enough to build the whole house!

Now, at only twenty-four years old, Donovan has twelve lots either ready for a new build, partially through construction, or about to be sold. He’s taken advantage of the huge appreciation we’ve seen in the past two years and makes it clear that even if you don’t have money, you don’t have to give up on a deal.

In This Episode We Cover

The many costs that go into developing a new construction home

Engineering, permitting, contracting, and other key parts of home building

Using partners to cover costs when you aren’t able to come up with enough cash

House hacking as a way to get your start in real estate investing

Always having multiple different exit strategies so you come out profitable

Renting your car for extra cash and passive income

And So Much More!

Links from the Show

BiggerPockets Lease Agreements

Roomies

BiggerPockets Calculator

Check the full show notes here: https://www.biggerpockets.com/rookie123

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122: 96 Units in 5 Years By Combining Long & Short-Term Rentals Oct 16, 2021

Show notes

Five short years ago, Avery Carl didn’t own ninety-six rental units. She didn’t have her real estate license, she hadn’t founded The Short Term Shop or The Mortgage Shop, and she did not have a book written on short-term rental investing. But now, Avery has all those things, and she did all of them in only half a decade.

Avery’s first venture into real estate started by her saving up every penny she could to buy a property in Nashville. After some success, she asked, “what’s the most bang for my buck in real estate?” The answer: short-term rentals. Seven of her units alone brought in over six figures in just July, proving her point that vacation rentals are a necessary part of any investor's asset collection.

Now, she manages her own short-term rentals and long-term rentals, she also helps teach others how they too can start investing in short-term rentals and even goes as far as to help them to get financing. All of this was done in a very short time period, and all of it proves that hard work can fuel financial freedom through real estate investing.

Click here to listen on Apple Podcasts.

In This Episode We Cover

What to look for in a short-term rental or vacation rental market

Why short-term rentals are far more active investing than long-term rentals

Staying up to date on your city’s short-term rental laws and regulations

The software and systems Avery uses to analyze a deal

1031 exchanges and using them to massively grow your portfolio (tax-free!)

Getting out of the fear of overpaying for a property through detailed analysis

And So Much More!

Links from the Show

BiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl

BiggerPockets Forums

Alpha Geek Capital Calculator

BiggerPockets Publishing

Check the full show notes here: https://www.biggerpockets.com/rookie122

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121.5: The Biggest Takeaways from BPCon 2021 | Live Host Panel from NOLA Oct 14, 2021

Show notes

Marching along Bourbon Street last week was a parade with some of the best real estate investors in the world, celebrating another successful BPCon, ready to take on the world. Throughout the past week, attendees of the conference heard from world-class business leaders, investors, and authors, learning about everything from running a business to short-term rental markets, to self-storage, and more.

On this live episode, your hosts, Ashley Kehr and Tony Robinson, are joined by Brandon Turner and David Greene, hosts of the BiggerPockets Podcast, Scott Trench, host of the BiggerPockets Money Podcast, and Liz Faircloth and Andresa Guidelli, hosts of The Real Estate InvestHER Podcast, plus special guest Esther, who has a widely impressive portfolio herself.

You’ll hear the hosts talk about topics like how to connect with fellow investors, future trends influencing the real estate market, what’s working today (and what isn’t), plus a live version of the Famous Four and Fire Round.

If you weren’t able to make it to this year's BPCon, plug into this episode and get on the waiting list for next year!

In This Episode We Cover

What’s ‘firing up’ the hosts of the BiggerPockets Podcast Network?

What investors can do in today’s market to ensure wealth tomorrow

Future trends that allow investors to profitably pivot

How BPCon helps connect investors, reshape ideas, and build wealth

How to vet partners before you go in on a deal with them

The top characteristics that contribute to your success as an investor

Why you should definitely be at BPCon 2022

And So Much More!

Links from the Show

NPR (National Public Radio)

Kevin Leahy's BiggerPockets Profile

Mark Ferguson's InvestFourMore

Wendy Papasan's LinkedIn Profile

Noah Evans's LinkedIn Profile

Rickey Rodriguez's BiggerPockets Profile

Your First Real Estate Investment Podcast: How to Recover from the Great Recession and Leverage Creative Financing to Fund Your First Deal

Joe Asamoah's BiggerPockets Author Profile

AJ Osborne's Personal Website

Steve Rozenberg's BiggerPockets Profile

InvestHer's Partnership Question Guide

Meetup

Hal Elrod's Personal Website

Dave Ramsey's Personal Website

Cashflow The Board Game

Matt Faircloth's BiggerPockets Author Profile

BiggerPockets Calculators

The Real Estate InvestHER Community

Connect with the BiggerPockets Hosts:

BiggerPockets Real Estate Podcast

Listen to the BiggerPockets Podcast

Brandon's BiggerPockets Profile

David's BiggerPockets Profile

BiggerPockets Money Podcast

Listen to the BiggerPockets Money Podcast

Scott's BiggerPockets Profile

Mindy's BiggerPockets Profile

Real Estate Rookie Podcast

Listen to the Real Estate Rookie Podcast

Tony's BiggerPockets Profile

Ashley's BiggerPockets Profile

InvestHER Podcast

Listen to the Real Estate InvestHER Podcast

Andresa's BiggerPockets profile

Liz's BiggerPockets profile

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121: 10 Units in Multiple States, All in Just Under 2 Years! Oct 13, 2021

Show notes

Tony Robinson has some great ideas, like creating a short-term rental empire in both Joshua Tree, California, and the Smoky Mountains over in Tennessee. Tony talked so highly of the latter investing region, that today’s guest, Cale Delaney decided to pack his whole family into the minivan and make the 10+ hour drive to check out the area. Shortly after, Cale was under contract for not one, not two, but three cabins!

This wasn't Cale’s first experience with real estate investing. Back at the beginning of 2020, Cale had a mental shift where he realized that real estate could be the key to setting him financially free. He scoured homes all over his area of Florida until he came across a fourplex which rejected one offer from him but later accepted another. He made three of these units long-term rentals, and the other one a short-term rental.

Cale went from zero to ten units in only a year and a half or so, without a ton of management experience of extravagant funding. If he can do it, you can too!

In This Episode We Cover

How to get your first property under contract, even if you keep getting rejected

Managing locally before stepping into long-distance investing

How a quick closing can lead to more deals in your pipeline

Getting off-market properties under contract even in a competitive area

Financing real estate investments using conventional loans, HELOCs, and more

Scheduling time now to plan for freedom tomorrow

And So Much More!

Links from the Show