Real Estate Rookie  By  cover art

Real Estate Rookie

By: BiggerPockets
  • Summary

  • 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.
    © Copyright © 2022 BiggerPockets. All Rights Reserved. Disclaimer: The information contained in this podcast is for general informational purposes only. In no event will BiggerPockets be liable for any loss or damage derived from the information provided.
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Episodes
  • 417: The “Underrated” Assets That Offer HUGE Cash Flow & Multiple Income Streams w/Dylan Kidd
    Jun 10 2024
    Do you want an asset that offers a TON of cash flow? Multiple income streams? How about forced appreciation? Today, we’ll introduce you to an often-overlooked investing strategy that has something for everyone! In 2018, Dylan Kidd was diligently climbing the corporate ladder. But a grueling schedule meant his family was getting his “leftovers,” and something had to give. Fortunately, he discovered real estate investing at the perfect time. Within only a few months, he had become passionate about small multifamily and bought several properties. But eventually, he saw that these smaller deals could only take him so far, which is when he pivoted to commercial real estate—a move that unlocked all types of investing opportunities and helped him amass over 200 “units”! In this episode, you’ll hear about an “underrated” asset class that offers enormous cash flow and various revenue streams. The best part? This niche has low competition, making it easy for rookie investors to claim a piece of this profitable pie! Now an experienced broker, Dylan will not only show you how to find, analyze, and finance these deals but also teach you the art of sourcing and nurturing leads! In This Episode We Cover The “underrated” asset class that offers huge cash flow and MANY income streams The investing strategy Dylan used to scale to over 200 units in just SIX years How to find, analyze, and buy your first campground (step by step) How to build and scale your portfolio FAST with commercial real estate The art of sourcing commercial real estate leads (expert tips from a real broker!) Taking down larger deals through the power of partnerships and seller financing And So Much More! (00:00) Intro (00:50) 209 Units in 6 Years! (06:34) Scaling with Campgrounds (14:58) Finding & Analyzing Deals (25:44) Dylan’s FIRST Commercial Deal (35:02) How to Buy a Campground (40:34) Sourcing Leads & Cold Calling (43:09) Connect with Dylan! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-417 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
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    52 mins
  • 416: How to Find & Fund MORE Real Estate Deals in 2024 (Tips from a PRO!) w/Henry Washington
    Jun 7 2024
    Finding and funding real estate deals are the two biggest obstacles new investors face today. Are these skills preventing you from building your portfolio? You’re in luck. Today’s expert will show you how to find, analyze, and finance deals like the smartest investors do! Welcome back to the Real Estate Rookie podcast! Henry Washington is not only a big-time investor with well over 100 doors but also a fellow podcast host and new author here at BiggerPockets. In anticipation of his upcoming book, Real Estate Deal Maker, he joins the show to discuss the common challenges of finding and funding deals. Henry is bringing you expert tips for all situations, whether you’re trying to pin down your sourcing strategy or find creative ways to buy rental properties. In this episode, Henry will not only explain why finding a rental property is FAR more important than funding it but also share his most effective strategy for sourcing GREAT deals. He also walks you through an initial call with a seller, where you’ll learn how to build trust and present seller financing as a win-win for both sides! In This Episode We Cover The two biggest obstacles new investors face (and how to solve them!) Why finding a deal is FAR more important than funding a deal How to choose the right strategy for sourcing deals Seller financing explained and how to build trust with sellers What you MUST find out about a property during an initial call How to use seller motivation to help you land a GREAT deal And So Much More! (00:00) Intro (00:59) How to FIND Deals (08:51) Henry’s Go-To Sourcing Strategy (13:49) What Makes a “Great” Deal? (20:17) The Motivation to Sell (24:20) Building Trust with Sellers (27:48) How to FUND Deals (34:26) Seller Financing 101 (38:16) Connect with Henry! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-416 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
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    47 mins
  • 415: $9K/Month Cash Flow, Scaling FAST, & Saving Thousands in Taxes by Doing THIS w/Riley McFarland
    Jun 5 2024
    Real estate investing and contracting go hand in hand, but not many investors are bold enough to tackle their own home renovations. Today’s guest is, however, and he’s about to show you the business model he uses to create a ton of cash flow, scale his portfolio, and save a fortune on taxes! Welcome back to the Real Estate Rookie podcast! Today, we’re joined by Riley McFarland, who happens to be one of Ashley’s general contractors, as well as an investor closing in on twenty doors. Having grown up around real estate, Riley knew that owning rental properties was one of the best ways to build wealth. But after taking a few contracting jobs, he discovered a knack for home renovations as well. By combining the two, Riley has a thriving business that brings in $9,000 in monthly cash flow and more in tax benefits! In this episode, Riley talks about how he runs his investing-contracting business like a developer and buys MORE rentals in the process. He also shares the best value-adds for boosting equity and why he prefers to buy the “ugliest” rentals he can find. He even gets into the process of estimating rehab costs during an initial walkthrough and leaves you with several crucial questions to ask before hiring a general contractor! In This Episode We Cover The benefits of being a general contractor who also invests in real estate How to turn a HUGE profit by buying, fixing, and flipping “ugly” rentals Tax advantages of having your own investing/contracting business How to save a fortune on your rehab projects with DIY home renovations Key questions to ask when vetting an investor-friendly contractor The BEST and most affordable value-adds for growing equity And So Much More! (00:00) Intro (00:48) Growing Up with Real Estate (07:06) Why Investing AND Contracting? (13:40) Walking Properties & Finding Contractors (20:30) Project Management 101 (25:54) The BEST Rental Value-Adds (28:38) Vetting Contractors & DIY (32:03) Investing Tips for Contractors (35:42) Connect with Riley! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-415 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
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    45 mins

What listeners say about Real Estate Rookie

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Zach

Glad I found this. Hoping to jump ships from being a small business flooring installer to full time real estate investor ASAP (6months or less goal) and the information I've gathered here already is going to help me make that happen. Thanks guys!

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You guys rock! 🤘

I've learned so much and plan to learn more along my real estate journey. Keep up the good work!

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Major Gems!

Multiple times I've pondered a question for a period of time and heard the answer at some point in the podcast. I'm extremely grateful for what Tony and Ashley do.

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Stellar Podcast

I was first introduced to this podcast by ways of the BiggerPockets Real Estate Podcast. I mistakenly thought that since I had been investing for a short time and listening to the other show that maybe the “Rookie” podcast would not be for me. However, once I started listening I could not stop. Ashley and Tony are awesome to listen to and even the information I feel I already “know” provides positive reinforcement and helps solidify various concepts in my brain. I am an active duty soldier in the US Army (Special Forces); this show has helped me learn important investing concepts in the real estate world regardless of my busy schedule. Thanks to this podcast and others at BiggerPockets, in 3 years time, I am now at 5 LTRs and 1 STR across two states. I have big plans for 2024 and beyond; I know this podcast will continue to guide my success. Thank you!!

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THE podcast for beginners (and others)

Can't go a week without listening to it. So many valuable tips and strategies. The hosts are amazing and have great chemistry, and the guest selection is always 👌.

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Great

Some really great newbie pieces in here. I feel alot better about getting started! Some great suggestions.

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Great podcast for the aspiring real estate investr

I look forward to listening to the podcast each week. Ashley makes thing easy to understand for newbies.

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Great job! Love your podcast!

Great information you guys give! I love how you guys make this podcast so interesting and funny. I look up to you guys!

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Great podcast!

These guys do an amazing job explaining all the ins and outs of real estate investing. They’re so genuine, and very realistic about things. Very grateful for all of their insights!

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