Podcast
Real Estate Rookie
Hosted by BiggerPockets · EN
New to real estate investing and not sure where to start? Ashley Kehr and Tony J. Robinson break down the basics with real-world deal analysis, investor interviews and listener Q&A.
278episodes
Episodes
Newest firstAll episodes
Should I Keep or Sell My Rental Property? (Huge Equity Gains) (Rookie Reply)
May 1500:25:49Summary readyHave some home equity built up in one or more of your rental properties? What should you do? Get a line of credit? Sell? You have more options than you think, and in this episode, we’ll help you crunch the numbers and weigh your options so you make the best possible decision! Welcome to another Rookie Reply! There’s a property you want to buy. It’s affordable, it’s in a decent market, and it cash flows. Should you pull the trigger? Not so fast! Sometimes the property that looks like a steal is actually a trap—one that many new investors fall for, including Ashley when she was starting out. Stay tuned to find out why, and then stick to her advice! Next, maybe you have an investment property that has appreciated by six figures since buying it a few years ago. Rather than letting the equity sit there, we’ll show you several ways to put it to good use so you can scale your real estate portfolio further. Finally, do you need a landlord-tenant lease agreement when house hacking? Without a doubt, yes. We’ll show you where to find one (or create your own) so you’re fully protected! Looking to invest? Need answers? Ask your question here! In This Episode We Cover The best ways to tap into your investment property’s home equity When to sell a rental property and realize the home equity gains The difference between return on investment (ROI) and return on equity (ROE) Deferring capital gains taxes on a property sale through a 1031 exchange Whether you should ever buy the “cheap,” cash-flowing rental property Whether you need a landlord-tenant lease agreement when house hacking And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-718. Interested 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
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The 2-Year Blueprint for Buying Your First Rental Property (Starting from Zero)
May 1300:36:04Summary readyYou want to buy a rental property, but there’s one problem: you don’t have the money! The good news? You’re not as far away as you probably think. If you want to save as much money as possible for a down payment, today’s guest will show you how. In just two years, she went from zero to building a strong financial foundation and taking down her first property! Welcome back to the Real Estate Rookie podcast! When Mimi Fall was laid off from her W-2 job, it was the last straw. In that moment, she decided to take responsibility for her financial future, and that meant getting a better job, cracking down on spending, and throwing every extra dollar toward savings. All of Mimi’s hard work paid off, as within two years, she was able to buy her very first rental property. Today, she rents out rooms to tenants, and the total rental income covers her entire mortgage payment and then some. In this episode, she shares her step-by-step roadmap for getting your finances in check, her favorite personal finance tips and tools, and property-saving advice for all new landlords! In This Episode We Cover How to save money (faster) and buy your first or next rental property Mimi’s journey from being laid off to chasing financial freedom Covering your mortgage (and then some) with the rent-by-the-room strategy How to lay a strong personal finance foundation (starting from scratch) How to pin down your long-term real estate investing goals And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-717. Interested 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
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Making $10,000/Month Cash Flow from 5 Rental Properties in Just 5 Years
May 1100:46:04Summary readyHad enough of the nine-to-five grind? Then it’s time to start engineering your exit with assets that will give you more time, flexibility, and financial freedom: rental properties. Today’s guest will show you how to replace your salary with cash flow and finally start living on your terms! Welcome back to the Real Estate Rookie podcast! Jamie Trickett had the cozy, corner-office job most people dream of, but it wasn’t enough. With a three-hour daily commute on top of a 40+ hour workweek, she had very little time left for her boys. Something had to give. So, Jamie took a leap of faith and bought her first rental property. What was initially intended as a retirement asset quickly evolved into another steady income stream. Just two years later, she quit her W-2 job to go all-in on real estate investing and has stacked five rental properties in five years. Jamie hasn’t just scaled to $10,000 in monthly cash flow. She’s also saved six figures in taxes through cost segregation studies and other overlooked tax deductions. You don’t need dozens of rentals to do what Jamie’s doing. Stay tuned to learn how YOU can copy her success with a “small and mighty” portfolio! In This Episode We Cover How Jamie quit her job with a “small and mighty” real estate portfolio Making $10,000 in monthly cash flow with just five rental properties Replacing your W2 income with rental property cash flow How to save thousands in taxes with a cost segregation study Building a real estate business that gives you control of your time How to stop “shiny object syndrome” from derailing your investing goals And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-716. Interested 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
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Should You Ever Buy a Rental Property with Negative Cash Flow? (Rookie Reply)
May 800:23:20Summary readyEveryone keeps saying we’re in a “buyer’s market,” but if that’s true, where are all the real estate deals? It’s easy to get discouraged after hearing “no” after “no,” but in today’s episode, we’re sharing the secrets to landing off-market properties and overlooked rentals on the MLS! Welcome to another Rookie Reply! Struggling to find real estate deals at the right price? Ashley and Tony will show you how to modify your approach and get your next rental property under contract much faster. Next, should you self-manage or hire a property manager? Each strategy has its pros and cons, but the right one for you depends on a few factors that we’ll get into! Finally, is it ever a good idea to buy a rental property that will give you negative cash flow? Most people don’t get into real estate investing to lose money each month, but we’ll show you a scenario in which taking a modest loss today could pay off long-term! Looking to invest? Need answers? Ask your question here! In This Episode We Cover The secret to finding discounted real estate deals (in any market) The number one mistake new investors make when looking for off-market properties Whether you should self-manage your rental property or hire a property manager The best tools, software, systems, and processes for self-managing landlords Whether you should ever buy a rental property with negative cash flow And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-715. Interested 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
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Should You Ever Buy a Rental Property with Negative Cash Flow? (Rookie Reply)
May 600:48:04Summary readyTired of your rental properties making just $50 or $100 a month? What if you could squeeze several thousand dollars out of the same properties instead? That’s exactly what today’s guest is doing—taking ordinary properties that you’d find on the MLS and turning them into money-making assets with one powerful investing strategy: residential assisted living. And in today’s episode, he’ll show YOU how to do the same! Welcome back to the Real Estate Rookie podcast! Hans Stone has built a real estate business that brings in not $2,000, or $5,000, or even $10,000, but upward of $40,000 per month, per property. How? There’s an entire generation that’s starting to age out and needs private care, and Hans is providing it. And there’s so much demand for these properties that, once he stabilizes the property, he rarely deals with vacancies or evictions! If you’re done with the tight margins and want a strategy that will not only generate more cash flow but also help you make a difference, Hans is giving you the entire blueprint to get started! In This Episode We Cover Making $40,000 per month (per property) with residential assisted living How to find investment properties you can turn into assisted living houses The biggest risks and challenges to be aware of with assisted living investing How to protect your real estate business from a liability standpoint Why assisted living is much more about hospitality than healthcare And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-714. Interested 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
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From Zero to 11 Real Estate Deals in 6 Years by Buying Properties 99% Ignore
May 400:40:50Summary readyYou don’t need a huge savings account or even a ton of life experience to start investing in real estate. At just 18 years old, today’s guest used her entire life savings to buy her first real estate deal. It was just an empty parcel of land, but it ended up becoming a $120K home-run deal that catapulted her toward 10 more deals over the next six years! Welcome back to the Real Estate Rookie podcast! Tiffany Da Silva had just graduated from high school when she decided to go (literally) all-in on real estate investing. Despite having no credit and just $12,000 to her name, she took the plunge, using every last dollar to bid on an empty parcel of land at a tax deed sale. What was going to be a simple land flip turned into a rental property that has made her over $120,000! With proof of concept, Tiffany went back to the well, buying up several more real estate owned (REO) properties at auctions and even dabbling in new construction. Whether you feel you’re too young to invest, too old to start, or somewhere in the middle, anyone can follow Tiffany’s blueprint and copy her success! In This Episode We Cover How Tiffany bought her first real estate deal at just 18 years old Tiffany’s journey from zero to 11 real estate deals in six years How to buy discounted properties at tax deed sales and auctions Using hard money to fund your off-market real estate deals Real estate owned (REO) properties explained (and how to find them!) And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-713. Interested 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
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How to Estimate Rehab Costs from Scratch (Materials & Labor) (Rookie Reply)
May 100:24:00Summary readyNeed help estimating rehab costs? This is a huge unknown for many rookie investors. But not to worry—in this episode, we’ll show you how to do this as accurately as possible so you have fewer surprises once you’re under contract and it’s time to get your hands dirty! Welcome to another Rookie Reply! If you’re stuck with a property that’s giving you negative cash flow, you have two choices: hold (and figure it out) or sell. The answer is more nuanced than you probably think, but we’ll point you in the right direction. Next, whether you’re using the BRRRR method, flipping houses, or simply updating an existing rental property, every real estate investor must perform renovations at some point. Stay tuned to learn how to accurately estimate these costs and avoid over-improving your property. Finally, agents and sellers can become frustrated by “lowball” offers, but is there such a thing as an offer that’s too aggressive? We’ll show you how to find discounted deals without burning bridges along the way! Looking to invest? Need answers? Ask your question here! In This Episode We Cover How to accurately estimate rehab costs (step by step) How to avoid losing money by over-improving your property What to do when your rental property is giving you negative cash flow Whether you should hold or sell an underperforming property What to know before making an “aggressive” real estate offer And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-712. Interested 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
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BRRRR vs. Turnkey: Which Rental Strategy Actually Wins? (Not What You Think)
Apr 2900:25:59Summary readyBefore you buy your first rental property, you’ll need to pick an investing strategy. Should you opt for the convenience of a turnkey rental property or swing for more upside with the BRRRR method (buy, rehab, rent, refinance, repeat)? We’ll help you make the right choice! Welcome back to the Real Estate Rookie podcast! Today, we’re breaking down everything you need to know about turnkey real estate and value-add rental properties. To make sure we’re comparing apples to apples, we’ll use the same example property, crunch the numbers, and cover both processes from start to finish—your all-in costs, project timelines, cash flow, and much more. Which strategy is more rookie-friendly? Which makes more money? Which has the biggest risks? You’re about to find out! We provide a checklist of things you’ll need to do before committing to one strategy or the other, and then help you make a decision that aligns with your lifestyle and investing goals. Whether you’re starting from square one or have already begun narrowing down your options, this episode will give you the confidence to move forward! In This Episode We Cover The convenience of turnkey properties versus the upside of value-add real estate How to choose an investing strategy that fits your long-term goals The biggest investing risks to consider when using the BRRRR method Four crucial questions to ask before committing to an investing strategy The “checklist” to complete before buying your first investment property And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-711. Interested 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
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From Extreme Job Burnout to Breakthrough with 2 Rentals (He Quit His W2)
Apr 2700:52:29Summary readyFeel stuck in a career that’s slowly wearing you down? Rentals give everyday people a clear path to financial freedom and flexibility, but few take it. When today’s guest had finally reached his breaking point, he grabbed the opportunity with both hands, trading his W-2 job for real estate! Welcome back to the Real Estate Rookie podcast! Brian Flint had his “dream job,” or so he thought. After two decades of mentally and physically demanding work, a traumatic work incident caused him to rethink what he wanted his life to look like over the next 20-30 years. Thankfully, he had real estate investing to fall back on, which simplified the decision to step away from his career as a fire captain. With rental properties, Brian has been able to not only leave the grueling 100-hour workweeks behind but also fund his $1 million dream home, buy vacation rentals across the U.S., and claim thousands of dollars in tax benefits. Whether you’re content at your nine-to-five or actively plotting your escape, Brian will show you how to make rentals part of your future! In This Episode We Cover How Brian left his W-2 job to focus on real estate investing (full-time!) Why Brian doubled down on rentals when his portfolio was $300,000 underwater Buying rental properties at a deep discount through VA foreclosure lists How to make money and gain experience with the co-hosting strategy Saving thousands with bonus depreciation and other tax benefits And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-710. Interested 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
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Should You Self-Manage Your Rentals or Hire a Property Manager? (Rookie Reply)
Apr 2400:20:53Summary readyOffer accepted! Congratulations—you’re well on your way to buying a rental property. But first, your earnest money deposit (EMD) is due. How much do you need to put down? What about due diligence fees? And what happens if the home inspection comes back with major issues? In today’s episode, we’ll show you what to pay and how to protect yourself! Welcome to another Rookie Reply! Your earnest money deposit is often the first big financial commitment you’ll make to your investment property. Ashley and Tony show you how to navigate the process, which contingencies to include, and what to do if an inspection goes sideways. Next, we tackle a question that forces investors to sacrifice cash flow or time: Should you self-manage your rental property or hire a property manager? Being a landlord might seem intimidating, but we’ve got a few tips that will make your experience much easier. Maybe you’re not ready for earnest money deposits or property managers yet because you haven’t found a real estate market with affordable home prices! Where should you start your search? What data should you be using? Stick around and we’ll break it all down! Looking to invest? Need answers? Ask your question here! In This Episode We Cover Earnest money deposits and due diligence fees explained (and how much to pay) What to do when your home inspection comes back with major problems Self-managing versus hiring property management for your rental property Where to invest when you can’t afford the home prices in your market Must-have data when choosing a new real estate market to invest in And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-709. Interested 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
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