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Real Estate Rookie
Real Estate Rookie
Author: BiggerPockets
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Description
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 Tony J Robinson 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 Monday, Wednesday and Friday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.
681 Episodes
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Do you want to own not one rental property, or two, but an entire real estate portfolio that gives you financial freedom? Then, you’re going to need help as you grow. Thankfully, there are many tools and systems that can make running your rentals much easier. With the right resources, today’s guest built a very profitable real estate business in just TWO years!
Welcome back to the Real Estate Rookie podcast! Jamie Banks has already quit her job and replaced her entire salary with the cash flow from her rental properties. But she’s not done yet. Now, one of Jamie’s goals is to work as little as possible, and she’s chipping away at it by leveraging artificial intelligence (AI), automating mundane processes, and creating standard operating procedures (SOPs) her team can follow.
Whether you’re stabilizing a single property or looking to scale your portfolio, this episode is jam-packed with systems, tools, and tips you need to reach your real estate investing goals much faster. Jamie shares the biggest pain points for new investors, the quickest way to create procedures from scratch, and the software she can’t live without!
In This Episode We Cover
The systems Jamie used to build her real estate business in two years
The best tools and software for scaling your real estate portfolio faster
How to craft standard operating procedures (SOPs) from scratch
Leveraging automation and artificial intelligence (AI) within your business
The biggest pain points new investors have early on in their investing journey
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-672
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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Fear you’ll never be able to invest in real estate because of money, credit, or bad timing? This single mom lost her house and had a 200 credit score, yet she was still able to rebuild her life and buy rental properties. If she can find a way to build wealth, so can YOU!
Welcome back to the Real Estate Rookie podcast! Just months before the 2008 housing market crash, Sarah Weatherbee found herself unable to make her mortgage payments. So, she rented out her home, moved to Nicaragua, and lived off the rental income until the dust settled. Unfortunately, shortly after returning to the U.S., she lost her home. The silver lining? Although things hadn’t panned out, Sarah had been given a small taste of what it’s like to own a rental property—with someone paying down your mortgage for you—and was determined to own real estate again one day.
And that’s exactly what she did by buckling down, rebuilding her credit, and stashing away money for her next property. Fast forward to today, and Sarah has bought multiple properties with low money down. Stay tuned as she shares the investing strategy she uses to do it!
In This Episode We Cover
How Sarah rebuilt her credit and bought real estate again after losing her home
Making over $130,000 in pure profit from ONE real estate deal
The investing strategy that allows you to buy multiple properties with low money down
When to move to another area of the country to invest in real estate
The one reason why Sarah didn’t quit real estate investing after failure
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-671
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Buying a rental property in another city, county, or state? Then, you’re going to need boots on the ground in that market to help find, fix, and manage your investment property. How do you make sure you’ve got the right people in place from many miles away? We’ve got the tips you need in today’s episode!
Welcome to another Rookie Reply! Tony and Ashley are back with three more questions from the BiggerPockets Forums, the first of which comes from an investor who’s struggling to find meaningful cash flow in their market. Should they hold out for that “home-run deal” or settle for something less if it means getting that first property under their belt? Next, we’ll hear from someone who has enough money to buy a primary home or an investment property. We’ll weigh both options and even share an investing strategy that allows you to have both!
Finally, if you’re investing out of state, you’ll need a team of trusted experts in that market. But finding these people is easier said than done. Stick around as we share where to look, questions to ask, and some red flags to avoid at all costs!
Looking to invest? Need answers? Ask your question here!
In This Episode We Cover
How to build your own out-of-state investing team in any market (step by step)
Red flags to avoid when vetting agents, lenders, contractors, and more
Whether you should buy an investment property before your primary residence
How to buy a rental property with low money down using the house hacking strategy
The “minimum” cash flow you should accept when analyzing rental properties
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-670
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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Can’t break into real estate investing? Maybe you don’t have enough money to buy a rental property or the track record of a confident investor. Thankfully, there’s a way to make money in real estate without owning rentals, and it could even help fund your first property. Today’s expert makes $20,000 in monthly cash flow with this strategy—Airbnb co-hosting!
Welcome back to the Real Estate Rookie podcast! Today, we’re joined by one of BiggerPockets’ resident short-term rental experts, Garrett Brown. Garrett has owned everything from normal long-term rentals to unique stays in hot vacation markets, but one of his favorite “investing” strategies doesn’t even require you to own rental properties. The best part? With some research, people skills, and passion for hospitality, any rookie can build a profitable co-hosting business from scratch in just a few months!
Garrett shows you exactly how to do just that in today’s episode, step by step. You’ll learn where to find clients, what to charge for your services, and how to make your fledgling business stand out in 2026. Garrett even shares his go-to tools and software that make co-hosting a breeze!
In This Episode We Cover
How to build a profitable Airbnb co-hosting business (step by step!)
How Garrett scaled to $20,000 in monthly cash flow with this strategy
Two proven strategies to find (and land) your very first co-hosting client
The number one way to make your co-hosting business stand out in 2026
Must-have AI tools and software that make it easier to run your Airbnb business
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-669
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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Feel trapped at a nine-to-five job that promises “success” but robs you of all joy, peace, and freedom? Today’s guest was in the same boat, but when everything came to a head, she traded it all for a new life that would allow her to pursue actual financial freedom—with rental properties!
Welcome back to the Real Estate Rookie podcast! Casey Nguyen had (almost) everything. She and her husband were making seven figures and owned a beautiful home in the Bay Area, but they were working around the clock—and they were miserable. So, when they had reached their breaking point, they did what most wouldn’t: they moved to a lower cost-of-living area and started investing in real estate.
Casey has since built and scaled her real estate portfolio to seven properties across Texas, North Carolina, Ohio, and their new home state of Kentucky, where they have recently launched an Airbnb that will bring in over $50,000 this year. With each day, Casey is one step closer to her ultimate goal: more time with her family, the flexibility to travel the world, and more than enough money to fuel it.
In This Episode We Cover
How Casey scaled to seven rental properties in just three years
The cross-country move that helped this couple fast-track their investments
Trading extreme job burnout for more time, flexibility, and financial freedom
A lucrative side hustle that could help fund your rental portfolio
How Casey netted $460,000 (tax-free) by selling her primary home
The Red River Gorge condo that will bring in over $50,000 this year
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-668
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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We’ve got THE “secret” to getting more cash flow from your rental property. Ready? Put more money down! It’s an obvious solution, but is putting 30%, 40%, or more really the best use of your cash? In this episode, we’ll get into all of the different things you should consider before putting more money down on your next investment property!
Welcome to another Rookie Reply! Ashley and Tony are back with three new questions from the BiggerPockets Forums. First, we’ll tackle a question many rookies have, especially when looking for off-market deals: Do you need a Realtor? Another investor claims the only way to find cash flow in their current market is by making a bigger down payment and self-managing the property. The problem? This gives them a much lower cash-on-cash return. Stay tuned as we share some other options they’re probably not thinking about!
Next, what do you do when a borrower ghosts you? Whether you’re lending private money or seller financing, it’s crucial to handle this type of situation properly (and legally). We’ll show you how!
Looking to invest? Need answers? Ask your question here!
In This Episode We Cover
Cash flow versus cash-on-cash return (and which one is more important)
How to increase your cash flow without putting more money down
Whether you need a real estate agent when buying an investment property
When to self-manage your rental property (or hire a property manager!)
What to do when a borrower stops paying you back (private money or seller financing)
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-667
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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Are we headed for another housing market crash, or is this a slightly longer correction in the current real estate cycle? With home prices flattening in certain markets, many investors fear buying rentals before a crash. But fear creates opportunity, and today’s guests will show you why today—not next year, or five years from now—is the best time to start!
Welcome back to the Real Estate Rookie podcast! Today, we’re joined by Thach Nguyen and James Dainard, who not only survived the 2008 market crash but also built most of their wealth in the years that followed. Does 2026 mirror 2008 in any way? Should rookies be bracing for another housing crash? No one can say for certain, but our experts believe now is the time for investors to double down and take advantage of better deal flow and negotiating power in a buyer’s market.
In this episode, you’ll hear how Thach and James have weathered downturns and adjusted the way they analyze rental properties in uncertain times. They also share the keys to scaling your real estate portfolio (no matter the market), and the time-tested investing strategy that rookies should focus on!
In This Episode We Cover
Whether we’re headed for another housing market crash in 2026
How Thach and James built most of their wealth following the 2008 crash
The huge opportunities rookies can take advantage of in a buyer’s market
Adjusting the way you analyze real estate deals during uncertain times
The biggest mistakes rookies make when getting into real estate investing
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-666
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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Getting laid off from your W2 job can be a crushing blow, but for today’s guest, it was the push she needed to finally bet on herself. Her first “real” rental property wasn’t the perfect deal, but it didn’t need to be. Today, it cash flows over $25,000 a year and has become her favorite creative outlet!
Welcome back to the Real Estate Rookie podcast! Where you invest is often just as important as the property itself, so when Alex Reeves had the opportunity to buy a run-down rental in a great area of town, she jumped—getting it under contract with only a day’s notice, sight unseen, over FaceTime. Despite going over budget by roughly $100,000, she finished the renovation, furnished the property, and had her listing up in only a few months!
Once a “house of horrors,” this same property now cash flows over $2,000 a month and has 100% five-star reviews on Airbnb. How? Stay tuned as Alex walks you through the entire journey of buying, rehabbing, and renting out this property—the good, the bad, and yes, even the ugly!
In This Episode We Cover:
How Alex makes over $25,000 in yearly cash flow from ONE rental property
How to get more funds for your renovation project when it goes over budget
The mindset shift that turned this “accidental landlord” into an Airbnb Superhost
Tips that will save you a fortune on your property’s design and furnishings
The keys to crafting a five-star experience with your short-term rental
How Alex spent an extra $100,000 on renovations (and still made money!)
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-665
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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Is real estate investing still worth it? High mortgage rates and home prices can make buying a rental property seem challenging, if not impossible at times, particularly for a rookie investor with zero experience. But not to worry—in this episode, we’re sharing beginner-friendly tips that will help you find and fund cash-flowing deals in 2026!
Welcome to another Rookie Reply! We’re back with three questions from the BiggerPockets Forums, the first of which comes from someone who’s looking to break into real estate but is unsure of how to make the numbers work in today’s high-interest-rate environment. Is now a bad time to invest, or conversely, the best possible time to get started?
Another investor is looking to leave their W2 for a job in real estate, but should they? Ashley and Tony debate whether this move actually gives you an edge. Finally, behind every good real estate investor is an investor-friendly tax professional. But how do you find one? We share some of the most crucial questions to ask when hiring a CPA!
Looking to invest? Need answers? Ask your question here!
In This Episode We Cover
How to find cash-flowing real estate deals (despite high mortgage rates)
Whether rookies should start investing in real estate in 2026 (or wait)
Choosing the right investing strategy for your long-term goals
The BEST real estate jobs to help fast-track your investing journey
When to leave your current W2 job for a job in real estate
Crucial questions to ask a tax professional before hiring them
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-664
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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Landlord insurance premiums are rising fast in many markets across the U.S., and if you’re not careful, this expense could be a dealbreaker on your next rental property. Fortunately, we know an expert on this topic, and in this episode, he’ll help you navigate these challenges so you buy the right policy without sacrificing your cash flow!
Welcome back to the Real Estate Rookie podcast! Today, we’re joined by Darren Nix, CEO of Steadily, to discuss all things rental property insurance. Why are premiums skyrocketing in the first place, and more importantly, is there anything you can do about it? As you’re about to find out, yes! Darren shares all kinds of tips and strategies you can use to keep costs under control, all while getting the coverage you need.
Stay tuned as he shows you how to estimate insurance costs when analyzing deals, which types of coverages you need for your property (and which are optional), and how to choose a real estate market that has reasonable premiums. Whether you’re insuring your first or fifth property, these tips could help you save thousands on landlord insurance, and better yet, give you peace of mind that you’re covered in a worst-case scenario!
In This Episode We Cover
Tips, tricks, and strategies that will help minimize your insurance costs
The number one issue currently driving up landlord insurance premiums
How to accurately estimate insurance when analyzing rental properties
The types of rental properties that (usually) have the lowest insurance costs
How to pick a real estate market with more affordable insurance
When to pair your landlord policy with an umbrella policy for additional coverage
Which real estate markets are most likely to become “uninsurable”
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-663
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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“Cancer.” One word would change this mom’s life forever, requiring her to drop her career and become a full-time caregiver. But little did she know that real estate investing would bring her more time, flexibility, and freedom than she had at any W2 job. Today, she owns several rentals, including one that brings in over $6,000 in monthly cash flow!
Welcome back to the Real Estate Rookie podcast! Jane Ng and her husband had been climbing the corporate ladder when a family medical crisis turned their lives upside down. Following her daughter’s leukemia diagnosis, battle, and long recovery, Jane knew her next job would need to accommodate their new normal. Real estate has provided that and more, allowing her to spend more time with her children, work without being chained to a desk, and bring in more than enough money to help support her family.
After dabbling in wholesaling, long-term rentals, and other investing strategies, Jane has since pivoted to short-term rentals, leveraging her hospitality background to craft memorable getaway experiences. Stick around and she’ll show YOU how to copy her success, whether you’re a stay-at-home mom or a nine-to-fiver!
In This Episode We Cover
How Jane turned a medical crisis into a launchpad for financial freedom
The luxury rental property that nets Jane over $6,000 a month
How to find more affordable real estate deals (beyond your backyard)
How to (legally) avoid paying capital gains tax when selling an investment property
Maximizing your monthly cash flow with short-term rental investing
Planning and completing a successful renovation project (step by step)
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-662
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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Money is often the biggest barrier standing between a rookie investor and their first deal, but there’s a creative way to buy a rental property that doesn’t require draining your savings or putting much down at all. We’re talking about seller financing. In today’s market, you may have even more leverage to negotiate these kinds of deals. Tune in as we break one of them down!
Welcome to another Rookie Reply! We’re back with more questions from the BiggerPockets Forums, including one from an investor who’s struggling to find great real estate deals due to higher mortgage rates. While it’s true that today’s rates could eat away at some of your cash flow, you can still find properties that meet your long-term goals. Waiting for rates to drop could cost you!
Don’t have the cash for your next investment property? There’s a creative financing strategy that could allow you to put very little (or no) money down. We share how to negotiate and structure one of these deals so that it’s a win-win for both sides. Finally, should you move to invest in real estate? How do you pick the right market? It’s not as tricky as you probably think!
Looking to invest? Need answers? Ask your question here!
In This Episode We Cover
The keys to negotiating and structuring a seller financing deal
How to find and analyze cash-flowing real estate deals in 2026
The huge opportunity cost of waiting for mortgage rates to drop
How to pick a real estate market that aligns with your investing goals
Whether you should move to invest in real estate (or stay put!)
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-661
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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Tired of spending your money on rent or stashing it in a traditional savings account? You could make your money work harder for you and get on the path to financial freedom with real estate investing. Today, we’re going to show you exactly how to buy your first rental property in 2026, step by step!
In this episode, Ashley and Tony are going to show you seven steps that will get you off the sidelines and into the game! First, we’ll help you lay a foundation for investing. You’ll not only need to get your financial house in order but also set clear investing goals, determine your purchasing power, and choose your investing strategy.
You’ll also learn how to do things like find a lender, choose your market, and assemble your investing team. Then, we’ll start looking at deals! We’ll share how to build your buy box, analyze properties, and negotiate with sellers. Most importantly, we’ll teach you the right way to build your business so that you succeed today AND as you scale your real estate portfolio!
In This Episode We Cover
How to buy your first rental property in 2026 (step by step)
Why NOW is the perfect time for new investors to get into real estate
The three things you must do before buying an investment property
How to create your “buy box” and start analyzing rental properties
The value of building relationships with small, local banks and credit unions
Must-have systems and processes for your real estate business
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-660
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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By the time you finish this episode, you’ll have your exact plan for financial freedom through real estate, starting in 2026.
See if you can answer these questions right now: How much money do you want to make every month? When do you (realistically) want to retire? How much real estate will it take to get there? And which strategy will actually get you to the finish line?
If you can’t answer all four of those questions, you’re like 99% of real estate investors—buying properties just to “build wealth.” While “building wealth” is worth striving for, it’s not actually a true goal. It's what keeps investors working longer, unsure of when or if they’ve “made it” or how much farther they have to go.
If you do one thing before 2026, do this: define your financial goals. Today, Dave shows you exactly how to do that. You’ll learn the formula to calculate your financial freedom number, how much real estate you’ll need, how long it will take, the one- and three-year goals you should set now, and the best real estate strategies for your situation.
You could be retired in under 10 years if you start in 2026. What are you waiting for?
In This Episode We Cover
How to actually retire with rental properties in 10 years (or less) with a personalized strategy
The best real estate investments for those with low money or little time
How long it will take you to replace your income with real estate
2026 goal-planning that is achievable and gets you closer to early retirement
How it’s possible to double your money in a matter of years by reverse engineering your investments
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-659
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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So, you want to invest in real estate…but where should you start? What’s the best type of rental property for a beginner? It’s easy to become overwhelmed by all the options, but in this episode, we’ll provide the four-step framework you need to make the right choice!
Welcome back to the Real Estate Rookie podcast! First, we’ll share four steps that will help you pin down the right investing strategy for your budget, lifestyle, and long-term goals. Then, we’ll introduce you to a few of the most beginner-friendly types of rental properties. Are you light on cash? House hacking could help you take down your first investment property with relatively little money out of pocket.
Are you looking to scale your real estate portfolio as quickly as possible? The BRRRR method (buy, rehab, rent, refinance, repeat) is one of the fastest ways to build wealth in real estate. Would you prefer your real estate investments to be mostly hands-off? Perhaps a long-term rental is more your speed.
Stick around till the end to learn about the three most common mistakes we see new investors make and what YOU must do to avoid them!
In This Episode We Cover
The four BEST types of rental properties for new investors
The four-step formula for choosing the right investing strategy
Creative ways to get into real estate investing when you’re light on cash
The secret to scaling your real estate portfolio quickly (without a ton of money)
Three common rookie investing mistakes (and how to avoid them!)
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-658
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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Redfin just called it. The housing market will “reset” in 2026…or at least it’ll be the start of it.
Chen Zhao, Redfin's head of economics research, has 11 predictions she and her team have formulated for the 2026 housing market. A long, slow period of progress could be upon us, as buyers get what they’ve been asking for: better affordability, a more normal market, and the chance to own where there’s work.
But what does this really mean? Will mortgage rates fall? Will home prices drop? We’re going through each of the 11 predictions with Chen, discussing prices, rates, rents, refinances, transaction volume, and even how AI could become the “matchmaker” for Americans looking for their first or next property.
Make no mistake, this is good news for many, and could be just the start of a cycle that finally puts average Americans in the position to purchase a home. But, for real estate investors and landlords, there could be another big benefit coming in 2026, one that has a direct impact on your cash flow.
In This Episode We Cover
Redfin’s 2026 housing market predictions (prices, mortgage rates, and more!)
The great “reset” that is coming for the housing market (it’s already begun)
Rent growth returns? Struggling landlords could get some relief next year
The best and worst real estate markets that Redfin is forecasting for 2026
The AI effect on real estate and why more buyers are using bots to find homes
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-657
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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Think you can’t create cash flow in this housing market? Think again! Today’s guest will introduce you to a strategy that can take a regular rental property and maximize its profits. It’s allowed him to net $5,000 each month and quit his W2 job in just 18 months!
Welcome back to the Real Estate Rookie podcast! Just two years ago, Andres Martinez was waiting tables and saving every penny possible for a house. But when he was told he still couldn’t qualify for a mortgage, he turned his attention to wholesaling in order to learn more about real estate investing and make some extra money. Little did he know that he would soon stumble upon a strategy that would change his life and give him financial freedom—co-living!
After buying a couple of properties, Andres quit his job to go all-in on this strategy. This move paid off, as he’s been able to scale his real estate portfolio to five properties (soon to be six!) and over $5,000 in monthly cash flow. The best part? He’s been able to buy all of his properties using other people’s money (OPM), seller financing, and subject to deals. Stick around as Andres tells you all about his buy box, how he analyzes rental properties, and why co-living might just be the next big thing!
In This Episode We Cover
Making $5,000 in monthly cash flow from five rental properties
How Andres was able to quit his W2 job in 18 months with real estate
The investing strategy that maximizes your rental property’s profits
Why co-living presents a huge opportunity for investors in 2025 and beyond
The best real estate side hustles to fast-track your investing journey
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-656
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
We’ve all come across that property—the one with the irresistibly low price in the bad area of town. The numbers make it look like a home-run real estate deal, but are there too many red flags to ignore? We’ll show you exactly what to do when analyzing this type of rental property!
Welcome back to another Rookie Reply! We’ve pulled three new questions from the BiggerPockets Forums, and first up, an investor wants to know whether or not they need an umbrella policy for their property. Tune in as Ashley and Tony share their thoughts on insurance, LLCs, and a range of asset protection strategies you can use to safeguard what’s yours. Then, we weigh the pros and cons of FHA and conventional loans. One of these options gives you a clear advantage when it comes to seller negotiations!
Our final question comes from an investor who’s considering a “great” deal in a less desirable part of town. It looks good on paper, but are other investors steering clear for good reason? We break down when it makes sense to buy this type of deal, and conversely, when it’s more trouble than it’s worth!
Looking to invest? Need answers? Ask your question here!
In This Episode We Cover
What to know before buying a good real estate deal in a bad neighborhood
How to protect your assets with umbrella policies, LLCs, and other strategies
Whether you should get an FHA loan or conventional loan for your rental property
How to create “stable” rental income through Section 8 investing
Why you always need to have cash reserves for your investment property
And So Much More!
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Many rookies would invest in real estate if only they had the money. Well, we’re about to share a simple, scalable side hustle that could help you save money and buy your first rental property much faster. Today’s guest has built up this type of small business multiple times over the last six years, and in this episode, he’ll show YOU how to do the same!
Welcome back to the Real Estate Rookie podcast! Cody Berman had dabbled in countless side hustles and small businesses—some profitable, others not so much—but when he discovered that digital products could generate real passive income, he pivoted to this lucrative strategy instead. Starting with no capital, audience, or experience, Cody has scaled to the point where his business now brings in north of $15,000 a month!
The best part? This type of business has an incredibly low barrier to entry. You could launch yours with as little as $40, and Cody will show you how, step by step. With digital products, making an extra $6,000-$12,000 per year is a reasonable first milestone for any rookie. Just imagine what that could do for you and your real estate portfolio!
In This Episode We Cover
The perfect side hustle to fast-track your real estate investing journey
How Cody scaled his digital products side hustle from zero to $15,000 a month
Cody’s three-month roadmap to making an extra $12,000 per year
How to start a profitable online business with as little as $40
Using the “stacking” method to niche down (and get more customers!)
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-654
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Think you need a big bank account to invest in real estate? You don’t! There are several ways to either buy a rental property with low money down or turn an existing property into a rental with even less money out of pocket. Just ask today’s guest, whose first property now gives him an extra $1,200 in monthly cash flow!
Welcome back to the Real Estate Rookie podcast! For years, Alex Bozzy had wanted to get into real estate investing. So, when the time came to upgrade from his starter home, he jumped at the opportunity to convert it into a rental. After some light repairs, this first-time landlord was able to find and place a tenant who gives him a $3,000 check each month!
The best part about Alex’s investing strategy? It’s rookie-friendly and highly repeatable! The next time Alex moves, he’ll do it all over again: buy a new primary residence with low money down and turn his current home into another rental property. This is something YOU can do, too. Stay tuned and he’ll show you how to follow his blueprint, step by step!
In This Episode We Cover
How Alex turned his primary residence into a cash-flowing rental property
Making an extra $1,200 a month without buying an investment property
The pros and cons of selling your house versus renting it out
Landlord tools and software that make property management a cinch
How to schedule showings and screen tenants (fairly) on a tight timeline
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-653
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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First off, kudos to you for taking the plunge into the world of real estate. It's an exciting and potentially rewarding journey you've embarked upon. As someone who's been through the ups and downs of this industry, I can totally relate to where you're at right now. https://www.houzz.com/pro/waxpaperie Starting out in real estate can be a bit overwhelming, but remember, everyone has to start somewhere. The fact that you're seeking advice and connecting with others in the field shows that you're already on the right track. https://www.cakeresume.com/me/wax-paperie
The purchase, sale, borrowing, or even leasing options for a piece of commercial property often hinge upon the commercial real estate valuation https://cesvaluations.com/value of the building. Assessing that value, however, is no simple matter. Commercial appraisals are generally more subjective than residential reviews, whether it’s an apartment building, an industrial complex, a retail shopping center, or an owner-occupied business structure.
it's hard to hear Tony.
Exactly 45% of this episode is advertisements. Content begins at 3:50
I absolutely love this podcast cast and this episode is so valuable. It answers the question I cannot get away from; I love Real Estate... and working with people!
it's a buyer rep agreement
Asana - I have to look up that project management tool
This dude just admitted to fraud
Great Podcast
can you explain what counting meters does?
recession proof real estate investing
nvm he has a book lmao
anyone that knows when a recession starts and ends either trying to sell something or just delusional. Great to know that! should I get a econmic degree?
Another fantastic podcast. I'm still househacking as my first deal.
Great explanation of when balloon payments are useful. Thanks!
love the channel appreciate you guys so much. I have a question about flipping. when your planning out your renovations and additions how do you estimate or appraise how much equity you'll create or how much profit you'll achieve?
I am super excited for this show. Can't wait!