432: From Losing Her Health, Home, & Marriage to Chasing Financial Freedom (5 Doors!)
Description
Anyone can buy rentals, whether you have some money to deploy or very little to your name. With seemingly everything working against her, today’s guest managed to buy not one, not two, but THREE properties to support her and her daughter on their journey to financial freedom!
Welcome back to the Real Estate Rookie podcast! Bella and River are a mother-daughter investing duo who, just a few years ago, were facing dire circumstances. In a short amount of time, Bella lost her eyesight, foreclosed on her home, and went through a divorce—leaving her with low income and no immediate way to increase it. But when a family member introduced her to real estate investing and brought her a deal, she jumped at the opportunity. Today, this duo has a small portfolio of three rental properties and five doors!
In this episode, you’ll hear about the unique strategies Bella and River are using to choose their markets, vet contractors, screen tenants, complete home renovations, and manage their portfolio. Stick around until the end to hear how they plan to take down their next property, a short-term rental in Indiana, and achieve financial freedom within the next five years!
In This Episode We Cover
How THIS investing duo built a small real estate portfolio from scratch
Putting no money down on an investment property with seller financing
Creative strategies for vetting contractors and screening tenants
What to do when a rental property isn’t projected to cash flow
How to assemble and manage a team when investing out-of-state
How Bella and River are on track to reach financial freedom in FIVE years
And So Much More!
Links from the Show
Find an Investor-Friendly Agent in Your Area
Find Investor-Friendly Lenders
See Tony and Ashley at BPCON2024 in Cancun!
Buy the Book on Medium-Term Rentals, “30-Day Stay”
00:00 Intro
00:41 Losing Her Health, Home, & Marriage
04:15 Discovering Real Estate
10:43 Current Portfolio & FIRST Deal
17:32 Building Teams (Out-of-State!)
22:54 Finding New Markets
29:04 How to Vet a Contractor
33:54 How to Vet a Contractor
35:21 Connect with Bella & River!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-432
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