Real Estate Rookie

Real Estate Rookie Podcast

Ready to build your real estate empire… but not sure where to begin?Think of us as your personal trainer.From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Felipe Mejia bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.Looking to 10X your real estate investing business this year? This show isn’t for you.Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.

Partnering Up, Part 2: Two Real-World Case Studies with Amy Swayze and Chris Lawrence
So... how do partnerships work in real life? Today, you'll learn how – from two new(ish) real estate investors: Amy Swayze and Chris Lawrence.Amy breaks down her partnership with her adult son, who used his retirement fund to jumpstart their investing career earlier this year (right before COVID hit!). Here's the arrangement: Amy's son brings the money and crunches the numbers; she manages rehabs and gets tenants in their BRRRR rental properties.Chris is a more experienced investor, having left his sales jo...

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How to Structure a Partnership, Part 1 with Felipe & Ashley
"I know partnerships can help me build wealth, but how do they actually work in practice?" This is one of the most common questions we get... and today Felipe and Ashley outline 6 rules for partnering on your real estate investments.From identifying the missing piece that's holding you back, to defining clear lanes and avoiding common pitfalls... this show is a must-listen for any new investor who realizes she can't do it all herself.Be sure to come back next week for Part 2 – where you'll hear the details ...

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Growing Your Portfolio with Turnkey Investing with Whitney Hutten and Lance Robinson
Expensive market? Busy with a career and other priorities? There are a lot of compelling reasons to consider turnkey investing in a more affordable area – where a local "operator" sells you a tenanted property designed to pump out cashflow from day one.All you have to do is "turn the key," hand things off to a property manager and... voilà! You're rich. You can now kick back and sip margaritas on the beach. Right?Well, it's a little more complicated... as you'll learn today from seasoned turnkey investors W...

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Balancing 8 Properties with a Full-Time Career and Family with "Property Pastor" Marsay Winder
We all have the same 24 hours per day... so be like Marsay Winder and make the most of them!He calls himself the "Property Pastor," and he owns 8 properties (24 units) in the Virginia Beach, VA area. Marsay juggles his business with his family life and a full-time career in manufacturing, so landlording systems are a must – and he breaks them down for us in this episode.You'll also hear about his MVP mentor, how he avoids time-wasting distractions, and the books and resources that helped him build a formida...

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5 Doors by Using Seller Financing for the First Time with Aaron Chapman
Aaron Chapman ran into major obstacles on his first 2 real estate deals... obstacles you might face as you launch your own investing career. Wouldn't you like to know how to react when you're turned down for a loan? Today, you'll learn how!From a duplex purchase that seemed doomed when he lost his job while in escrow... to a triplex purchase that a bank wouldn't touch, this Louisville, KY investor breaks down how he reached 5 doors by age 24 – and his exact roadmap to reach financial independence by age 30!...

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Mindset Shift at 40 to Start Real Estate Investing with Derek Tellier
Derek Tellier didn’t start investing in real estate until he was over 40. Unhappy with what was going on in his life, a friend plugged him into healthy eating, exercising, and long-distance running. Once his health was back on track, he realized he didn’t like the trajectory his life was on, and made major changes.That same running friend introduced him to real estate investing. Derek got licensed, joined his friend’s real estate team, and bought his first real estate deal - a cabin that he rents out short-...

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What Appraisers Look For and What it Means for You with Investor/Appraiser Josiah Smelser
Here, by popular demand: the Appraisal Episode!Josiah Smelser – podcaster, two-time BiggerPockets Real Estate Podcast guest, and Certified General Appraiser – is here to answer your many questions, and he delivers the goods.We played some questions from the Rookie Request Line and touched on subjects like which data and documents you can provide an appraiser, how to challenge an appraisal, and how to keep your emotions in check when estimating After Repair Value.Whether you're a rookie who plans to flip, BR...

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What Appraisers Look For and What it Means for You with Investor/Appraiser Josiah Smelser
Here, by popular demand: the Appraisal Episode!Josiah Smelser – podcaster, two-time BiggerPockets Real Estate Podcast guest, and Certified General Appraiser – is here to answer your many questions, and he delivers the goods.We played some questions from the Rookie Request Line and touched on subjects like which data and documents you can provide an appraiser, how to challenge an appraisal, and how to keep your emotions in check when estimating After Repair Value.Whether you're a rookie who plans to flip, BR...

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13 Units Despite Being Stationed 5,000 Miles Away with Naaman Taylor
On today's show: how U.S. Army Staff Sgt. Naaman Taylor is combining house hacking, partnerships, and VA loans to build himself a comfy retirement... all while serving his country overseas!This episode has something for everyone – from structuring partnerships to stretch your dollar farther, to hiring property managers and identifying a trustworthy mentor.Be sure to let Naaman (he said we could call him "Taylor") what you thought of the show by visiting our show notes page at biggerpockets.com/rookie24 and ...

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13 Units Despite Being Stationed 5,000 Miles Away with Naaman Taylor
On today's show: how U.S. Army Staff Sgt. Naaman Taylor is combining house hacking, partnerships, and VA loans to build himself a comfy retirement... all while serving his country overseas!This episode has something for everyone – from structuring partnerships to stretch your dollar farther, to hiring property managers and identifying a trustworthy mentor.Be sure to let Naaman (he said we could call him "Taylor") what you thought of the show by visiting our show notes page at biggerpockets.com/rookie24 and ...

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From Dave Ramsey Disciple to No-Money-Down Real Estate Investor with Sarah Brandenberger
Interested in real estate investing... but wary of taking on debt?That's the situation Sarah Brandenberger found herself in, and today shares her journey from a staunchly anti-debt "penny pincher" to a creative financier raising private money!Sarah also gives us the goods on portfolio loans – including a ninja tip that allowed her to tap the equity in multiple properties and use those funds to take advantage of a smokin' deal. You'll learn what documents to bring when asking for a loan – whether you're meet...

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5 Rentals on Autopilot with Full-Time Highway Patrolman Ruben Galindo
Curious how to manage a rental portfolio in your limited free time?Learn from today's guest Ruben Galindo, who had his hands full managing hundreds of law enforcement officers in Texas... but didn't let that stop him.Ruben is 48 years old, and in the past five years, he's acquired five rental properties that require about an hour of his time each week. In this episode, he'll teach you how he uses Cozy and Docusign to do everything virtually, how door knocking led to one of his best deals, and how he leverag...

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5 Frequently Asked Questions When Starting Out with Felipe and Ashley
Rookie FAQ time!Today Ashley and Felipe run through the top 5 questions from the Real Estate Rookie Facebook Group and the Rookie Request Line (leave us a voicemail at 1-888-5-ROOKIE).From finding and financing deals to the infamous LLC question and beyond, our co-hosts offer their advice and discuss various approaches new investors can use to build momentum. Plus, former BiggerPockets Real Estate Podcast guest Whitney Hutten makes a cameo to offer her two cents on how to properly vet turnkey providers.What...

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Using Lines of Credit to Kickstart Your Investing Career with Charlie Ashley
Today: how Lexington, KY investor Charlie Ashley uses lines of credit and construction loans to build his portfolio while working full-time.Charlie walks us through his year-long education phase, his first couple deals, and the expensive lessons he learned while renovating a property he lovingly calls "The Pit"!Sure... finding deals is important. But today you'll learn how understanding financing has helped Charlie gain a lot of momentum quickly – and how every new investor can do the same.Thanks for spendi...

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Going Full-Time as a Rookie Right Out of College With Arvi Carkanji and Dave Arlaud
In today's episode, you'll meet a power couple who both immigrated to the U.S. seven years ago and soon decided real estate would be their path to financial freedom.Arvi Carkanji and Dave Arlaud are Nashville-based flipper-investors, who are dividing and conquering to run a successful business while building a stable of rental properties. Arvi handles acquisitions (listen for the Rookie Request Line about direct mail), while Dave is a licensed contractor who takes charge of construction.Together they walk u...

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Starting at Age 45 With a "1% Rule" Property (in New Jersey!) With Tricia Baxter
She read Rich Dad Poor Dad, got angry at herself for not having built multiple income streams... and decided to do something about it! Tricia Baxter is a real estate rookie who got in the game in her mid-40s. In this episode, she shares how she built a healthy portfolio of small multifamily properties on the Jersey Shore.Tricia's a busy professional with her own law practice, but she still decided to self-manage when she got started—namely, to learn the ropes and create standard operating procedures, which ...

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3 Rentals in His First Year & the Power of a Real-Life 'Rich Dad' Mentor with Derrick Ziglar Jr.
From humble beginnings... to Division 1 football, military service, and now three rental properties in his 20s!Derrick Ziglar Jr. is a man on a mission, and today he shares how he converted a wrong turn into a $30K duplex purchase that kick-started his journey toward generational wealth.If you're interested in securing your financial future, then don't miss Derrick's tips on how he finds deals, how he uses a personal line of credit, and the lessons he's learned about managing contractors.Plus, we go in-dept...

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How to Pick Your Perfect Market: Cleveland vs. Columbus Case Study! with Dave Meyer and Jamie Gallagher
What better way to learn a concept than a real-life, real-time case study?Today, we listen in on rookie investor Jamie Gallagher as he compares and contrasts two markets. Meanwhile, BiggerPockets' data wiz David Meyer is there to walk him (and us) through the numbers.You'll learn how to use population growth, rent-to-price ratio, rent-to-income ratio, and historical performance to weigh the pros and cons of various markets so you can compare apples to apples.These aren't the only factors to consider, but th...

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5 Steps to Reach Financial Freedom in 15 Years Through Long-Distance Investing With Elyse Rasmussen
In 2017, she had done zero deals. Today, she's got 20 units and is nearing her goal of financial freedom by age 45.In this episode, Elyse Rasmussen shares five tips for rookies interested in long-distance investing... although each can easily be applied to investing in your own backyard, too.Check out her Instagram page @investingforfinancialfreedom for some #landlordmemes, and be sure to join the Real Estate Rookie Facebook group to tell us what you think of this episode!In This Episode We Cover:Elyse and ...

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4 Keys to Building a Portfolio While Working Full-Time With Robert Leonard
Between his career and a podcasting side hustle, Robert Leonard's a busy guy. So how does he—and how can you—build a small but mighty rental portfolio in your spare time?For Robert, it comes down to 4 major elements:1. Use a series of house hacks to lower expenses and build equity.2. Find an MVP real estate agent.3. Align with a partner.4. Invest out-of-state.In this episode, Robert goes into detail on each of the above and explains how they helped him break through "analysis paralysis" in his early 20s. If...

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How Drew Pulled 6 Deals From His First Direct Mail Campaign With Ryan Dossey (Mentor) and Drew Wiard (Mentee)—Part 2
Everything you've ever wanted to know about direct-to-homeowner marketing... but may have been afraid to ask!From exactly what Drew writes in a letter, to how he builds rapport when running an appointment, to making offers and getting to the closing table, it's all here in plain English.This episode follows up on show #9, where mentor/mentee duo Ryan Dossey and Drew Wiard broke down how Drew built a brand and zeroed in on his target market. Today, they walk us through everything that happens after a lead co...

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What Works (and Doesn't) in a Recession & the Untold Story of J Scott's Messy First Flip
BiggerPockets legend J Scott was once a rookie, and he's got the stories (and scars) to prove it!Today J stops by to give us a primer on economic cycles and how they impact real estate investors. You'll learn what to expect when housing prices soften and which strategies work best in each economic phase. Plus, J shares the tale of his first (years-long) flip, tells us what he's learned along the way, and delivers a surprising top tip for today's rookie real estate investor.For more on this topic, pick up a ...

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Using Home Inspections to Spot "Deal Killers" and Negotiate Better Prices with Rose Buckley
OK, you've got a property under contract. Now the real work begins!In today's episode, you'll learn all about about a crucial step in the home-buying process: home inspections.Find out how they work, how much they cost, and how they could wind up saving you a boatload of cash—or help you negotiate a sweet deal!Rose Buckley is a certified home inspector who has walked 1,000-plus homes. And with her background in teaching and translating, she enjoys breaking down this part of the business for up-and-coming in...

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2 Long-Distance Rentals with $0 Down with Tony Robinson
Tony Robinson had every excuse NOT to invest.Expensive local market? Demanding full-time job? Family responsibilities?Check, check, and check.So, how did he pull off his first two deals in a cash flow-friendly market 1,500 miles away?Today, Tony spills the beans: how he got a bank to loan him 100% of purchase AND rehab cost, how he managed contractors from afar, two crucial lessons he learned on his first deal, and much more.Tony shares tip after tip for investors like you—especially if you live in a pricey...

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Finding Off-Market Deals, Step-by-Step with Ryan Dossey (Mentor) and Drew Wiard (Mentee): Part 1
Can't find deals on the MLS? Dreaming about off-market deals, but not sure how to go after them?Today's show lays out a step-by-step, repeatable strategy for those of you who have what it takes to approach homeowners directly. It's not easy. It takes patience. And It costs money (or time). But for those precise reasons, it's where the real money is.Today we bring in Drew Wiard, a Fort Wayne, IN investor with a family and a full-time job. He's joined by his mentor, Ryan Dossey, a former BiggerPockets Podcast...

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Why Pay Someone Else's Mortgage? Ditching $20k/Year Rent with Mallori and Lucas
Banks tend to love a certain type of borrower... and Mallori and Lucas don't quite fit the mold.They're not 9-to-5ers. They rely on tips and seasonal work. And they live modestly but aren't swimming in cash. So, when they took the plunge into real estate investing—in pricey Tacoma, Washington—they had some work to do to become "bankable."Today you'll learn how despite a few roadblocks, they dumped their rent payment and pulled off their first-ever home purchase: a house hack in an up-and-coming area. From s...

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6 Things New Investors Should Be Doing Right Now
If you've been telling yourself, "I'll invest in real estate when prices come down," well... that time may be coming.So, what should rookie real estate investors be doing now to prepare?Today we outline six action items—from shoring up your financial position to making yourself an attractive partner. Also, we bring back the "Rookie Request Line" so you can hear Ashley and Felipe's answers to a few questions from the audience.If you feel stuck, fearful, or just restless while you're cooped up inside... then ...

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6 Things New Investors Should Be Doing Right Now
If you've been telling yourself, "I'll invest in real estate when prices come down," well... that time may be coming.So, what should rookie real estate investors be doing now to prepare?Today we outline six action items—from shoring up your financial position to making yourself an attractive partner. Also, we bring back the "Rookie Request Line" so you can hear Ashley and Felipe's answers to a few questions from the audience.If you feel stuck, fearful, or just restless while you're cooped up inside... then ...

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The Ultimate Beginners Guide to Tenant Screening with Lucas Hall
Today we tackle the often-overlooked -- but perhaps most important -- element of real estate investing: actually placing a (great!) resident in your property.Our guest Lucas Hall built website Landlordology.com (which he later sold to Cozy, where he now works) and is an expert on best practices for landlords self-managing small portfolios (that's you!).Lucas walks us through his exact process from the moment he lists a property for rent, to the moment he signs a lease -- AND explains what's changed (and wha...

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The Ultimate Beginners Guide to Tenant Screening with Lucas Hall
Today we tackle the often-overlooked -- but perhaps most important -- element of real estate investing: actually placing a (great!) resident in your property.Our guest Lucas Hall built website Landlordology.com (which he later sold to Cozy, where he now works) and is an expert on best practices for landlords self-managing small portfolios (that's you!).Lucas walks us through his exact process from the moment he lists a property for rent, to the moment he signs a lease -- AND explains what's changed (and wha...

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Doing Deals While Quarantined with Jeremy, Kristen, and Rafael
Yes, newbies ARE still closing deals out there.This week, we talk to three up-and-coming investors who either recently closed or are currently under contract on investment properties. Despite entire parts of the economy being shut down, real estate continues to be classified as "essential" -- and Jeremy Goldizen (Avon, OH), Kristen Johnson (Columbia, SC), and Rafael Estrada (Denver, CO) are all taking advantage. This episode was streamed as a Facebook live, so our audience pitches in and puts some timely qu...

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Start Now, or Wait This Thing Out? Live Audience Q&A
In this episode, we hand the mic over to YOU.Yesterday (March 24) Ashley and Felipe took took live listener calls and real-time questions from Real Estate Rookie Facebook group members."Should I go through with my deal?" "How do I handle my short-term rental?" "How are more experienced investors shifting their big-picture strategy?"Those are just FEW of the questions we take on in this fast-paced episode.What do you think of this format? Let us know in the Real Estate Rookie Facebook group -- and tell us wh...

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Coronavirus Crash? Do's and Don'ts from Recession Veterans Joe Asamoah and Steve Rozenberg
It's a new week... and, seemingly, a new world.So -- we've got a new (and very fresh) episode for you... with a twist on our usual format.On Tuesday, March 17, Ashley and Felipe sat down with Joe Asamoah and Steve Rozenberg to discuss the topic on everyone's mind: the COVID-19 outbreak and its inevitable impact on real estate investors.Think of it as a virtual coaching session with two seasoned, successful investors who have withstood several downturns and lived to tell about it.Joe and Steve have a combine...

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Going All Out to Secure Deal #1 (For Sale By Owner!) with Tim Goutos
Ever felt like you're close to breaking into real estate investing, but not quite getting anywhere?Today's guest, Tim Goutos, was right there with you. But after taking a trip abroad to clear his head, Tim narrowed his focus and went ALL-OUT in pursuit of his first deal.He talked to everybody about his goal. He went driving for dollars in his hometown of Lake George, NY. Then, after seeing a For Sale By Owner (FSBO) sign, he called the owner on the spot.What happened next? You'll hear the story in today's e...

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Going All Out to Secure Deal #1 (For Sale By Owner!) with Tim Goutos
Ever felt like you're close to breaking into real estate investing, but not quite getting anywhere?Today's guest, Tim Goutos, was right there with you. But after taking a trip abroad to clear his head, Tim narrowed his focus and went ALL-OUT in pursuit of his first deal.He talked to everybody about his goal. He went driving for dollars in his hometown of Lake George, NY. Then, after seeing a For Sale By Owner (FSBO) sign, he called the owner on the spot.What happened next? You'll hear the story in today's e...

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From 4 Years of Analysis Paralysis... to 4 Cash-Flowing Properties with Lauren and Kyle Clugston
How will YOU transition from the "getting educated" phase to taking direct action toward your real estate goals?Start by taking cues from Lauren and Kyle!In this premiere episode, they share how they powered through their initial hesitation to build a "small but mighty" rental portfolio in less than 3 years' time... a portfolio that has them well on their way to a life of financial freedom (and maybe even a "boat house!").You'll love their tips for identifying the right market for you, minimizing risk by ho...

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From 4 Years of Analysis Paralysis... to 4 Cash-Flowing Properties with Lauren and Kyle Clugston
How will YOU transition from the "getting educated" phase to taking direct action toward your real estate goals?Start by taking cues from Lauren and Kyle!In this premiere episode, they share how they powered through their initial hesitation to build a "small but mighty" rental portfolio in less than 3 years' time... a portfolio that has them well on their way to a life of financial freedom (and maybe even a "boat house!").You'll love their tips for identifying the right market for you, minimizing risk by ho...

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

entrepreneurship financialfreedom HouseFlipping rentalproperty realestateinvesting realestate

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

entrepreneurship financialfreedom HouseFlipping rentalproperty realestateinvesting realestate