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Are great real estate deals gone for good? Not so fast! High interest rates, inflated home prices, and low inventory have made things difficult for investors, but by looking beyond the multiple listing service (MLS), you could uncover off-market properties that fly under the radar. In today’s episode, we’ll show you how!
Welcome back to another Rookie Reply! If you’re struggling to make the numbers work in today’s housing market, you’re not alone! Tune in to learn how we find “rare” rental properties that are either undervalued or overlooked. Not sure where to start your investing journey? We’ll share three key factors that will help you narrow down your options and pinpoint the best real estate market for you. Stick around till the end as we discuss lease renewals, tenant turnover, and how to deal with a renter whose financial situation has changed!
Looking to invest? Need answers? Ask your question here!
In This Episode We Cover:
Creative ways to find more off-market real estate deals in 2025
Three key factors to consider when choosing a market to invest in
Why proper deal analysis is even more crucial when buying off-market
How to determine whether you should offer tenants lease renewals
Keeping your BEST tenants and avoiding costly tenant turnover
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
PropStream
Privy
NeighborhoodScout
BrightInvestor
Ask Your Question for a Future Rookie Reply
Buy the Book “Finding and Funding Great Deals”
Find an Investor-Friendly Agent in Your Area
5 Ways to Find Off-Market Real Estate Deals Like a Pro
Real Estate Market Analysis for Beginners | Rookie Resources
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-508
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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Fixing up a distressed property might be the BEST way to add value, whether you’re looking to flip houses, BRRRR (buy, rehab, rent, refinance, repeat), or charge higher rents. But to avoid losing money, you’ve got to know what you’re doing! Today’s guest is an expert in home renovations, and in this episode, she’ll walk you through the entire process!
Welcome back to the Real Estate Rookie podcast! Investor Serena Norris has done over 200 deals (including more than 130 flips) in just TEN years, so she knows a thing or two about home improvements! Today, she will show you how to complete a rehab project, step-by-step. You’ll learn about everything from forming partnerships and analyzing rentals to creating a pricing sheet in a new market, building a scope of work, and effectively managing your contractors.
Whether it’s your first time managing construction or you’re looking for systems and processes that will help your jobs run smoothly, you don’t want to miss this renovation masterclass. Serena offers plenty of nuggets that will help you finish your projects on time AND on budget!
In This Episode We Cover:
Serena’s BEST renovation tips, tricks, and hacks (learned from 130+ flips!)
How to manage a home renovation project from start to finish
How to divvy up responsibilities in a real estate investing partnership
Building your pricing sheet when diving into a new market
How to estimate rehab costs and create your own scope of work
The two most common mistakes new investors make on rehab projects
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
Grab “The Book on Estimating Rehab Costs”
Find an Investor-Friendly Agent in Your Area
Real Estate Rookie 488 – How I’m Flipping 12 Houses (at Once!) All While Traveling
Serena’s Instagram
(00:00) Intro
(00:50) Serena’s Portfolio & Partnerships
(07:23) Building Your Pricing Sheet
(15:55) Creating a Scope of Work
(25:24) Working with Contractors
(34:08) How to Manage Rehab Projects
(43:47) Connect with Serena!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-507
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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Want to build a thriving real estate business in 2025? There’s a major mindset shift you need to make if you want to be successful in today’s market. Whether you want a couple of cash-flowing rental properties or dream of building a multimillion-dollar company, like Steve Rozenberg did, you won’t want to miss this episode!
Welcome back to the Real Estate Rookie podcast! When Steve was furloughed from his job as an airline pilot, he knew he needed another way to make money. He dabbled in several real estate strategies—flipping houses, wholesaling, and buy and hold investing—and experienced his fair share of failure along the way. But what he discovered was that the cost of inaction was much higher than the cost of action. By educating himself, learning from his mistakes, and laying the proper foundation for his business, he was able to scale a multimillion-dollar property management company!
In today’s episode, Steve will give YOU the blueprint for starting your own real estate business this year. You’ll learn about the two biggest mistakes new investors make, the systems and processes that will allow you to scale, and how to identify the perfect investing strategy for you!
In This Episode We Cover:
The blueprint Steve used to build a multimillion-dollar company
The crucial mindset shift you need to succeed in today’s market
The two biggest mistakes new investors make when starting out
How to lay the proper foundation for your real estate business (in five steps!)
Creating systems and processes that allow you to scale your real estate portfolio
The number of standard operating procedures (SOPs) you actually need
How to choose the perfect investing strategy for you in 2025
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
The Checklist Manifesto
Buy the Book “Scaling Smart”
Find an Investor-Friendly Agent in Your Area
How to Build Effective Systems in Your Real Estate Business
Connect with Steve
(00:00) Intro
(01:22) Starting from Zero
(05:07) Mindset Shift & Critical Mistakes
(10:41) HUGE Lessons Learned
(18:35) The Secret to Scaling
(25:43) Building Systems & Processes
(33:31) The “One-Page” SOP
(40:23) Connect with Steve!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-506
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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What’s the “right” way to build your real estate portfolio? Once you’ve taken down your first rental property, should you focus on paying it off? Or should you buy more properties, even if it means taking on even more debt? You’ll want to hear where we stand in today’s episode!
Welcome back to another Rookie Reply! Today, Tony and Ashley are digging through more of your recent real estate-related questions. First, we’ll discuss paying off your mortgage versus using that money to buy more rental properties. After that, we’ll compare the pros and cons of FHA loans and show you an easy way to estimate closing costs. We’ll also cover some other low-money-down loans that you may have never heard of! Finally, are you struggling to fill vacant units? Tired of apartment tour no-shows? Stay tuned because we’ve got a strategy that makes “serious” applicants stick!
Looking to invest? Need answers? Ask your question here!
In This Episode We Cover:
Whether you should focus on paying off your mortgage or buying MORE rentals
The pros and cons of getting an FHA loan for your rental property
The “hidden” closing costs you CAN’T afford to miss (and how to calculate them!)
The best ways to put low money down on your next property
Finding “serious” applicants for your rentals (and lower vacancy rates!)
How to save time by streamlining your rental application process
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
Sample Closing Disclosure
NACA
USDA Eligibility Map
Ask Your Question for a Future Rookie Reply
Grab “The Book on Rental Property Investing”
Find Investor-Friendly Lenders
Real Estate Rookie 261 – How Nancy Rodriguez from ‘Love Is Blind’ Hit Financial Freedom BEFORE Fame
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-505
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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Do you lean into data when analyzing real estate deals? In a competitive market, ANY kind of advantage goes a long way towards helping you land better deals. And guess what? Harnessing the power of data is much easier than you think. Today’s guest delivers a handful of helpful tips, tricks, and tools that all rookie investors can use!
Welcome back to the Real Estate Rookie podcast! Today, we’re joined by Ariel Herrera—data scientist by day and real estate investor by night. Five years ago, Ariel decided that real estate was going to be her path to financial freedom. Like any eager investor, she devoured as many articles, podcasts, videos, and books as she could get her hands on at the time. Once she realized that she could combine her love for data science with real estate, there was no looking back!
In this episode, Ariel shares about the competitive edge you can gain by being a data-driven real estate investor. She recommends several tools and systems, all of which are easy to implement and require ZERO coding. Additionally, you’ll learn how to choose your market, invest out-of-state, and save a ton of time with a few deal analysis shortcuts!
In This Episode We Cover:
How to find better real estate deals through the power of data science
Tools and systems you can use to analyze deals (WITHOUT any coding!)
Leveraging the equity in your portfolio to purchase MORE properties
Creating consistent cash flow with the house hacking strategy
How to find and purchase properties in other states (and countries!)
And So Much More!
Links from the Show
Apify
Browse AI
ChatGPT
Google Bard
Redfin
Zapier
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-504
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It’s the season for housing market predictions, and we know who to call! Altos Research and HousingWire’s Mike Simonsen joins the show to share where his team thinks mortgage rates, home prices, housing inventory, and buyer demand will be in 2025. Every year, the HousingWire team puts together a phenomenal housing market forecast, touching on the topics investors, agents, lenders, and housing nerds care about while recapping the wildest surprises of the year prior.
Will mortgage rates finally fall below six percent in 2025? Will home prices dip with housing inventory up a substantial percentage year-over-year? And could agents and lenders finally get some relief with home sales, or will we still see sluggish purchasing and buyer activity? Not to spoil it, but Mike is optimistic about the 2025 housing market and what will come over the next twelve months.
Mike breaks down each prediction and what could affect YOU the most, whether you’re buying or selling homes. Plus, he shares the one metric his team is watching carefully to see which direction the 2025 housing market is headed.
In This Episode We Cover:
HousingWire’s 2025 housing market forecast and 2024 housing market recap
The mortgage rate range you can expect over the next twelve months
Home price growth and exactly how much the HousingWire team expects in 2025
Why housing inventory is starting to climb again (and whether it will continue in 2025)
One metric Mike and his team are paying very close attention to in 2025
The market’s reaction to the 2024 election and President-Elect Trump’s win
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
On the Market
Altos Research
HousingWire’s 2025 Housing Market Forecast
Check Out "On the Market"
Get Ready to Invest in 2025 with Dave’s Book, “Start with Strategy”
Find Investor-Friendly Lenders
2025 Housing Market Predictions (+ How’d We Do Last Time?)
Connect with Dave
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-503
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This might be the fastest path to FIRE we’ve ever seen. In just two years, Emily and James were able to retire early and travel the world full-time. They didn’t have a trust fund, some huge inheritance, or a winning lottery ticket. But they did make some serious sacrifices, cutting almost everything unnecessary out of their lives to retire early and quit the jobs they were itching to get out of. How’d they do it?
After realizing they were throwing away every cent they made, James stumbled upon a popular personal finance blog. He devoured it that day at work and came home a changed man. The AC temperature was going up, the restaurant expenses were going down, and he was deadset on achieving financial freedom. His wife, Emily, needed some convincing. But, with time, they both became locked in on FIRE. They moved to a cheaper house, rode bikes to work, and rarely ate out anymore.
Just two years after discovering FIRE, they achieved it, and they did it without millions of dollars in the bank. And here’s the thing: you might be able to do it, too, IF you’re willing to put in the work. How much money are they living on? How did they cut their expenses so significantly? And how do you convince your partner or spouse to follow you on the path to financial independence? Emily and James are showing you how in today’s episode!
In This Episode We Cover:
How NOT to convince your partner/spouse to chase FIRE (do THIS instead)
Cutting your expenses significantly and how to save money every single month
The big lifestyle changes you must be willing to make to retire early
Rental property investing and how to have income property cash flow fuel your FIRE
Why you DON’T need to be a millionaire to retire early
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
The BiggerPockets Money Podcast
Rethink The Rat Race
Check Out "BiggerPockets Money"
Reach FIRE Faster with the Personal Finance Classic “Set for Life”
Find Investor-Friendly Lenders
The Ultimate Beginner’s Guide to Saving Money
Connect with Scott
Connect with Mindy
(00:00) Intro
(01:51) Poverty to Overspending
(06:42) Convincing Your Spouse on FI
(09:39) 0% to 85% Savings Rate
(17:00) Buying $50K Rentals
(23:59) Retiring on $31K/Year
(30:10) The Secret to FIRE
(33:13) Are They Still Retired?
(35:06) Advice for Finding FIRE
(36:54) Connect with James and Emily!
(37:49) Use These FIRE Tips
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-502
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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Mike Baum owns just one rental property, but this one property alone has changed his life. It’s allowed him to become such an investing expert that he’s constantly being asked for his opinion on the BiggerPockets forums, and he provides some of the most well-thought-out investing advice on the internet. So why does he have just one rental property, and why doesn’t he grow using his expertise? The answer isn’t that obvious.
You wouldn’t know it, but Mike is permanently disabled. After overworking so hard that he ended up losing his vision, he was placed on disability for the rest of his working career. This high achiever was forced to slow down and find something else that could replace his day job. Shortly after his diagnosis, he found BiggerPockets and turned a family vacation home into a short-term rental.
Now, he’s got systems and processes that help him self-manage with very few headaches, and he will probably keep this property as his one and only rental for life. Why didn’t he “FOMO” in when everyone was gobbling up real estate in 2020? Why didn’t he grow his portfolio to become the next tycoon? Mike has some clear answers for why he did what he did, and after listening to him, you might change what you want, too.
In This Episode We Cover
Why you DON’T need a large real estate portfolio to find financial success when investing
Why Mike tells beginner investors that they should NOT buy a short-term rental property
The systems and processes Mike made to automate his vacation rental self-management (so he works less!)
One thing you should do NOW before you start investing in real estate (it’s free!)
The real result of “FOMO” investing and how to stop shiny object syndrome from blowing you off course
And So Much More!
Links
Short-Term Rental & Airbnb Investing Forum
The BiggerPockets Real Estate Podcast
(00:00) Intro
(03:03) Losing Sight After Overworking
(05:53) Empty Lake House?
(09:21) Managing a Vacation Rental
(12:49) Know This BEFORE You Buy
(18:00) Just ONE Property
(21:25) No-FOMO Investing
(26:49) A “Very Interesting” 2025
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-501
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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Covering your entire mortgage payment in ONE day?! Today’s guest is proof that you don’t need a full-blown real estate portfolio to start making money. She has only ever owned one property, her primary residence, but it brings in up to $16,000 a month being rented out part-time!
Welcome back to the Real Estate Rookie podcast! When searching for her first home, Nicole Lulinski Weill wanted a property that could bring in some extra income. She started looking at duplexes and homes with accessory dwelling units (ADUs) before stumbling on her dream house—a vintage home that had been used for film productions—and deciding to tap into its money-making potential as well.
Despite not owning any “rentals,” she can pay her mortgage with a single project. The best part? This unconventional strategy is scalable! Now that Nicole has proof of concept, she plans to buy more of these niche investments in emerging markets and rent them out in the same way!
If you want to make money without house hacking or becoming a landlord, you don’t want to miss this episode! Nicole will show you where to find a money-making primary residence, how to rent out your home to film production companies, and steps to protect your home from damage along the way!
In This Episode We Cover:
How this rookie investor covers her entire mortgage payment in ONE day
Why you DON’T need to own rental property to make money in real estate
How to turn your own primary residence into a money-making machine
Renting your home out to film production companies for a huge payday
Crucial steps to protect your house from damage while renting it out
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
Nicole’s Instagram
Buy the Book “First-Time Home Buyer”
Find an Investor-Friendly Agent in Your Area
Real Estate Rookie 497 - $1,000,000/Year with 22 Rentals by Focusing on This Ultra-Profitable Niche
(00:00) Intro
(00:59) Buying (and Renting!) Her Home
(10:51) Permitting & Logistics
(14:42) Paying Her Mortgage in a Day?!
(17:53) Protecting the Property
(22:450 Extra Fees & Rental Rates
(26:27) The Booking Process
(37:08) Connect with Nicole!
(33:39) Scaling & Revenue
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-500
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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What’s the right investing strategy for YOU? In this episode, we’re going to hear from an investor who has scaled their real estate portfolio to twenty rentals in just TWO years! Despite their rapid success, they feel “stuck” and aren’t sure which strategy to use moving forward. Stay tuned as we show you how to choose the right strategy while helping them get unstuck!
Welcome back to another Rookie Reply! Today, Ashley and Tony are diving into the BiggerPockets Forums and Real Estate Rookie Facebook group to answer more of your recent questions. After showing you how to nail down an investing strategy, we’ll get into landlord anonymity and provide you with several creative ways to protect your personal information from tenants. But that’s not all. We’ll also discuss short-term rental rates and share the dynamic pricing tools we use to find the “sweet spot” for ANY property or market!
Looking to invest? Need answers? Ask your question here!
In This Episode We Cover:
How to nail down the perfect real estate investing strategy for YOU
Creative ways to hide your personal information from tenants
How to return security deposits to tenants (while staying anonymous!)
Determining the ideal nightly rate to charge (for your short-term rental and market!)
Maximizing your Airbnb revenue with the BEST dynamic pricing tools
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
OpenPhone
Google Voice
PriceLabs
Beyond Pricing
Wheelhouse
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-499
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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Don’t have a ton of money to invest in rental properties? No problem! You don’t need hundreds of thousands of dollars to start building wealth. Chris Young, a (not-so) rookie investor from Southern California, started with just five percent down. He bought a $500,000 home in pricey Los Angeles for just $25,000 out-of-pocket. Now, Chris has four rental properties, one of which he uses as a vacation home, and hundreds of thousands in equity! Plus, he did it all while working a W2!
Chris knew he wanted to invest in real estate early on. So, when he started his full-time job, he also got his real estate agent license, allowing him to have a backup source of income in case his career didn’t work out. But, thankfully, his real estate has been doing more than alright! He performed a “live-in BRRRR” (buy, rehab, rent, refinance, repeat) on his first property, making him hundreds of thousands in equity, then bought another one!
But, after attending BPCon, Chris knew he needed a true investment property. What gets you monthly cash flow and a vacation home to use whenever you want? A short-term rental! But not everything went as planned—one unlucky event put his entire house out of commission for months! However, Chris is still thrilled that he has bought this property. He shares why he picked its specific market, how he dodged local competition, and did it all with just ten percent down!
In This Episode We Cover:
How to start building your real estate portfolio with just five percent down!
The “live-in BRRRR” strategy that made Chris hundreds of thousands of dollars
Picking your vacation rental market and why you DON’T want to go where everyone else is
Using a ten percent down second home loan to buy your first short-term rental
The one very unlucky event that cost Chris $40,000 (you CAN’T avoid it!)
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
Grab the Book, “Short-Term Rental, Long-Term Wealth”
Find Investor-Friendly Lenders
Real Estate Rookie 486 - Quitting His Job with Real Estate After Cracking the Cash Flow Code w/Miller McSwain
Connect with Chris
(00:00) Intro
(02:24) 5% Down First Property
(06:57) Property 2 (Rent-by-Room)
(11:04) Finding 1st Short-Term Rental
(19:36) 10% Down Sequoia Vacation Rental
(29:26) Losing $40K!
(30:01) Setting Yourself Apart
(39:44) Connect with Chris!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-498
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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You can make money in real estate—with or without owning rentals! How? There’s a growing segment of the industry that rookies NEED to know about. It’s more lucrative than long-term rentals, more consistent than short-term rentals, and today’s guest is bringing in $1 million a YEAR with it!
Welcome back to the Real Estate Rookie podcast! Jesse Vasquez has mastered the medium-term rental strategy, bringing in over $1 million in revenue each year from twenty-two rentals. But here’s the thing. You don’t need a huge real estate portfolio to use this investing strategy and repeat his success. In fact, you don’t need to own ANY rentals to get started, making it the perfect option for new investors. But make no mistake—you’ll need to roll up your sleeves and get your hands dirty to build this type of real estate business!
In today’s episode, Jesse will show you how to tap into this emerging segment of the market. You’ll learn how to build your network, land your first contract, and become a trusted “broker” for human resource and recruiting companies throughout your market. You’ll also learn the ins and outs of setting up medium-term rentals and how to convert an existing rental property into a thirty-day stay!
In This Episode We Cover:
The corner of the real estate industry that investors are still overlooking
How to set up your own medium-term rental property in 2025
How to build your network, land your first contract, and earn money from referrals
The clients that make the BEST guests (and how to find them!)
Must-have amenities to include with your medium-term rental property
How Jesse makes over $1 million in annual revenue from twenty-two rentals
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
Buy the Medium-Term Rental Guide “30-Day Stay”
Find an Investor-Friendly Agent in Your Area
How to Invest in Medium-Term Rentals
Connect with Jesse
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-497
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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Are you looking to grow your real estate portfolio and build wealth faster? There’s a tax “loophole” that allows you to sell your property and roll your equity (and profits) into a bigger and better rental property—all while deferring thousands of dollars in taxes. Stay tuned to learn how to use a 1031 exchange to your advantage!
Welcome back to another Rookie Reply! Today, Ashley and Tony are answering some of your recent questions from the BiggerPockets Forums. After discussing 1031 exchanges and “like-kind” properties, we’ll help an investor determine if they should sell or rent a property that, despite the potential to bring in decent monthly cash flow, has some costly capital expenditures looming. Next, is it better to stabilize a rental property by making home improvements that help you raise rent or use the same funds to buy another property? We’ll dive into the numbers and show you which option gives you the highest return!
Looking to invest? Need answers? Ask your question here!
In This Episode We Cover:
The tax “loophole” that allows you to defer thousands of dollars in capital gains tax
Building wealth and growing your portfolio with a 1031 exchange
Whether you should rent or sell a property that needs major repairs
When to stabilize your current portfolio versus buying another property
Prioritizing renovations that increase home value and allow you to raise rents
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
Ask Your Question on the BiggerPockets Forums
Put Your Vacation Rental on Autopilot with Hospitable
Ask Your Question for a Future Rookie Reply
Buy “The Book on Tax Strategies for the Savvy Real Estate Investor”
Find Investor-Friendly Lenders
What Is a 1031 Exchange in Real Estate? How to Guide & Examples
(00:00) Intro
(00:46) 1031 Exchanges
(11:50) Should I Rent or Sell?
(18:43) Making Home Improvements
(23:59) Ask Your Question!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-496
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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Burned out at your W2 job? Tired of climbing the corporate ladder? Starting a real estate business could give you financial freedom, but is it worth giving up the security of a biweekly paycheck? This entrepreneur thinks so, and today, she’ll give you the blueprint for forging your own path in real estate!
Welcome back to the Real Estate Rookie podcast! Melissa Shelton is not only an investor, but also the founder of Dear Valentine, a business that blends luxury, hospitality, development, and management. Quitting her nine-to-five job to become a full-time entrepreneur wasn’t an easy decision since she had worked tirelessly for many years to reach the top of her field. But, in the end, her “why” won out, and she mustered up the courage to go all-in on her dream!
In this episode, Melissa will show you how to launch a “small and nimble” real estate business. You’ll learn how to set goals, grow your clientele from scratch, and build a business plan that keeps you afloat. But that’s not all. Melissa also has tips for limiting overhead costs, finding deals that give the highest returns, and hiring people who propel your business forward!
In This Episode We Cover:
How to start a real estate business that gives you financial freedom
How to get your “foot in the door” and land your first client
Creating multiple income streams that insulate your new business venture
Crafting the perfect “pitch” that gets new investors and partners on board
How to overcome the fear of failure when pursuing entrepreneurship
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
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(00:00) Intro
(01:40) Catching the Real Estate “Bug”
(04:59) Leaving Her W2 Job
(09:42) Preparing for Entrepreneurship
(21:51) A Day in the Life
(23:37) Melissa’s Business Model
(27:04) How to Find Clients
(35:56) Staying “Small and Nimble”
(39:36) Connect with Melissa!
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$50,000 cash flow from ONE rental!? Not many properties will give you this kind of return in today’s housing market, but this investor beat his competition to an innovative investing strategy, and it’s paying huge dividends. Want to find out what it is and how he did it? You don’t want to miss this one!
Welcome back to the Real Estate Rookie podcast! Garrett Brown envisioned himself running restaurants or operating hotels before real estate investing took him down a different path. He got his real estate agent license, flipped a few houses, and then, in a full circle moment, put his background in hospitality to good use—buying three condos at a discount and converting them into short-term rentals. But when Houston, Texas, like many Airbnb markets, became oversaturated in 2021, Garrett landed on a new strategy that would allow him to stand out. It gives vacationers a taste of the great outdoors without sacrificing the luxuries and comfort of a cozy home!
If you want to know how to earn five-figure cash flow from a single rental and keep your vacation rentals booked year-round, stay tuned. We’ll also get into why you should document your investing journey online (even if you’re just starting) and the trick to finding discounted properties!
In This Episode We Cover:
How this investor makes $50,000 in annual cash flow from one rental “unit”
The innovative rental property that blends luxury and the outdoors
How to stand out in any market by offering “unique stays”
Where most short-term rental bookings are coming from in 2025
Why every rookie should document their investing journey on social media
Scoring a deep discount on property by knowing a seller’s motivation
And So Much More!
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Real Estate Rookie 91 – 8 Units, 10 Wholesale Deals, and $0 Spent on Marketing w/ @liliinvests
Connect with Garrett
(00:00) Intro
(00:53) Agent to Investor
(04:00) Garrett’s FIRST Deal
(09:59) The Motivation to Sell
(14:21) Creating “Unique Stays”
(21:54) Land Hacking 101
(28:04) Permitting Challenges
(32:28) Funding the Dome
(35:42) Cash Flow & Bookings
(44:31) Connect with Garrett!
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Many people invest for appreciation. Others invest for tax benefits. But some investors want enough monthly cash flow to replace their W2 income and help them quit their nine-to-five jobs. When can you go full-time with real estate investing? How many rentals do you need? Stay tuned!
Today, Tony and co-host Garrett Brown are diving into the BiggerPockets Forums, and our first question comes from someone who has launched six vacation rentals in just five years. Should they diversify their portfolio? Are they ready to become full-time investors? We’ll share our thoughts! We’ll also hear from someone who’s thinking about selling an equity-rich property to pivot to short-term rentals in the Midwest. Listen in as we show them how to choose a market and set up their Airbnb business. But that’s not all. One investor has bought a rental property that is already booked months in advance. Can they cancel those bookings? Raise their nightly rates? Stick around to find out!
Looking to invest? Need answers? Ask your question on the BiggerPockets Forums!
In This Episode We Cover:
When to leave your W2 job to focus on real estate investing full-time
How to diversify your real estate portfolio without changing your strategy
When to sell your rental property and tap into your home equity
The top factors to consider when analyzing a short-term rental market
How to manage your vacation rental portfolio in five hours per week (or less!)
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
Ask Your Question on the BiggerPockets Forums
Pre-Order the Book “Smarter Short-Term Rentals”
Find an Investor-Friendly Agent in Your Area
Real Estate Rookie 297 – Traveling the World Thanks to One $6,500/Month Rental Property
Connect with Garrett
(00:00) Intro
(00:36) Diversification & Leaving Your W2
(08:40) Choosing a Vacation Rental Market
(17:52) Managing Short-Term Rentals
(24:58) Airbnb Fees & Using Home Equity
(27:58) Occupancy Rates & Pricing
(33:32) Connect with Garrett!
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Do you want to buy a rental property in 2025 but fear money could get in the way? Putting 15%-20% down is a huge hurdle for new investors, but there are several strategies you can use to limit your expenses, grow your income, and even put LESS money down. If you want to know how to save for a down payment as quickly as possible, you need these money-saving tips!
Welcome back to the Real Estate Rookie podcast! Before you can invest in real estate, you need to lay a solid financial foundation, and today, personal finance expert, master live-in flipper, and co-host of the BiggerPockets Money podcast, Mindy Jensen, joins the show to weigh in on this crucial topic. Do you have your spending in check? Are you finding ways to grow your income? How’s your credit score looking?
Whether you’re starting from scratch or looking to level up your finances, we’ll share some actionable steps you can take toward buying property in 2025. We’ll also talk about ways to leverage your retirement accounts to buy real estate, whether you should pay down debt before investing, and other investments (that aren’t real estate) that could help you build wealth!
In This Episode We Cover:
ow to go from ZERO dollars saved to a full down payment for a rental property
Whether you should pay off your debt before investing in real estate
Creative ways to grow your income so that you can save money faster
How to avoid a 20% down payment when buying your first property
Leveraging your retirement accounts to buy passive real estate investments
How to build wealth with other investment vehicles (beyond real estate)
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
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Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
BiggerPockets Money 97 – Intentionally Choosing the Path to Financial Independence with Financial Mechanic
BiggerPockets Money 35 – Hacking Your Life to Live for (Almost) Free with Craig Curelop
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Connect with Mindy
(00:00) Intro
(01:13) Laying a Financial Foundation
(06:10) Saving for a Down Payment
(12:58) How to Grow Your Income
(22:59) Other Investment Avenues
(28:24) Leveraging Retirement Accounts
(31:58) Paying Off Debt vs. Investing
(41:07) Connect with Mindy!
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When interest rates rose, many investors stopped buying. But not Ryan Irwin. This rookie doubled down on real estate, choosing whichever investing strategy made the numbers work. Even in a tough housing market, Ryan’s big bet on real estate paid off, as he’s now up to seven deals and earns a solid chunk of cash flow each month!
Welcome back to the Real Estate Rookie podcast! It can take a new investor months, sometimes years, to find their first deal. But when Ryan was just starting out, he did the two things every rookie should do: he told everyone he was investing in real estate, and he started attending networking events. Building these relationships has allowed him to buy multiple rental properties, flip houses, and invest in syndications—all in just five years!
But Ryan doesn’t aspire to build his own real estate “empire.” He just wants a small real estate portfolio that gives him financial freedom. Now that he has several deals under his belt, he plans to stabilize his portfolio and squeeze even more cash flow out of his rental properties by refinancing and paying off his mortgages one by one!
In This Episode We Cover:
Why Ryan is doubling down on real estate (even in a tough housing market!)
The number one thing you can do today to fast-track your investing journey
Why a virtual assistant should be your first hire as you scale (and where to find one!)
Two things you can do to increase your rental property cash flow
Chasing financial freedom with a “small and mighty” real estate portfolio
How to scale faster by automating and delegating low-level tasks
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
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Connect with Ryan
(00:00) Intro
(01:31)Discovering Real Estate
(07:07) Ryan’s “Lightbulb Moment”
(12:49) Current Portfolio & Funding
(19:03) Key Systems & Processes
(28:56) Cash Flow Numbers
(35:27) Advice for New Investors
(36:23) Connect with Ryan!
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Are you leaving cash flow on the table? Even if you own a single rental property, there are all kinds of strategies you can use to generate more rental income, whether it’s house hacking, renting by the room, or converting your long-term rentals to short-term rentals. And we’re just scratching the surface!
Welcome back to another Rookie Reply! Today, we’re diving back into the BiggerPockets Forums to answer some more of your recent questions. First, we’ll hear from someone who’s at a crossroads with their property. This house has paying tenants and consistent monthly cash flow, but the investor would need to sell the property this year to claim it as their primary residence and dodge capital gains taxes. Stay tuned to find out if they should sell or hold! Then, after a few cash-flow-boosting strategies, we’ll discuss using a HELOC (home equity lines of credit) for a down payment and the potential pitfalls you could run into!
Looking to invest? Need answers? Ask your question on the BiggerPockets Forums!
In This Episode We Cover:
How to determine if you should hold or sell your rental property
How to reach your cash flow goals with the fewest properties possible
Creative ways to maximize your rental income on a single property
How to set realistic cash-on-cash return goals for 2024 and beyond
Potential pitfalls to avoid when getting a home equity line of credit (HELOC)
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
Real Estate Rookie 447 – Making $300K+ Profit Per Rental and Scaling FAST with “DADUs”
Real Estate Rookie 375 – Making $160K/Year From ONE “Rare” Property Thanks to Seller Financing
Protect Your Properties with an LLC Through Corporate Direct
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Buy “The Book on Rental Property Investing”
Find an Investor-Friendly Agent in Your Area
Real Estate Rookie 195 – Financially Free in 2.5 Years by Buying “Low Risk” Rental Properties
(00:00) Intro
(01:01) Should I Hold or Sell?
(10:13) Maximizing Rental Income
(20:43) What’s a “Good” Cash-on-Cash Return?
(23:40) Should I Get a HELOC?
(32:36) Ask Your Question!
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Today, we’re talking about the real estate deals we did in 2024. What went right, what went wrong, and what mistakes did we make that you must avoid in 2025? This year was wild for the real estate market—you probably felt it, too. Whether you were buying rentals, flipping houses, or just getting started, this year felt hot, cold, and lukewarm all at the same time. So, how did we end the year? Did we hit our 2024 goals, or was this wild housing market just too much for us?
We’re sharing exactly what our 2024 goals were, whether we hit them, and what we’re planning for in 2025. We decided to give up one real estate investing strategy that wasn’t worth it anymore; we made some BIG mistakes by choosing the wrong agent, hiring the wrong people, and forgetting to systematize some properties. But we also made some solid moves that saved us when some of our deals began to fall apart.
Don’t repeat the same mistakes we made—learn from them instead! Tune in, write these lessons down, and build a better real estate portfolio in 2025!
In This Episode We Cover:
Our 2024 real estate deals in review and the one strategy we’ve decided to ditch
How choosing the wrong real estate agent can completely throw off your closing
Mistakes we made by hiring the wrong people to take care of our properties (we did this three times THIS year alone)
Why the right contractor is worth the extra cost (and can save your flip)
Tony’s newest house flip and how he’s trying to make up for a BIG loss
Our 2025 goals and why we’re deciding to scale SLOWER this coming year
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
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Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
Grab the “Real Estate Rookie” Book
Find an Investor-Friendly Agent in Your Area
How to Start Flipping Houses for Huge Profits in 2025 (Step-by-Step!)
(00:00) Our 2024 Goal Progress
(10:04) We’re Giving Up On This
(14:53) DON’T Choose the WRONG Agent
(19:26) Hiring the Wrong People
(22:30) The Right Team Pays Off
(29:37) Tony’s New House Flip
(33:52) Our 2025 Goals
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-489
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