7 Deals in 5 Years by Doubling Down on Rentals in a Tough Housing Market
Description
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
Real Estate Rookie Facebook Group
Shop the BiggerPockets Black Friday Sale and Get Up to 60% Off Your Next Book Purchase
Buy the Book “The Small and Mighty Real Estate Investor”
Find Investor-Friendly Lenders
Achieving FI with Fewer Doors: The Small and Mighty Real Estate Portfolio
(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!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-491
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