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Small multifamily investing might seem scary to a new investor, but what if we told you these properties are less risky than single-family homes and even easier to buy in many cases? In this episode, we’ll bust the most common multifamily myths that keep rookies on the sidelines so that YOU can take down your first multifamily property in 2025!
Welcome back to the Real Estate Rookie podcast! Today, Amelia McGee and Grace Gudenkauf return to the show to deliver a masterclass on small multifamily investing. They’ll show you how to find off-market real estate deals at a deep discount, why cash flow is king when analyzing multifamily properties, and which neighborhoods to target for long-term appreciation. We’ll also get into zoning and permitting issues to be wary of—pitfalls that could wipe out your cash flow if you’re not careful!
But that’s not all. Of course, the BIG question on every rookie’s mind is, “How do I get financing for these deals?” and we’ve got the answer! Amelia and Grace will show you how to buy larger properties with low money down and provide you with the perfect pitch for seller financing!
In This Episode We Cover:
Why small multifamily properties are even less risky than single-family homes
Boosting your cash flow by using multiple investing strategies for the same property
Taking advantage of HUGE appreciation by targeting developing areas
Buying multifamily properties with LOW money down by house hacking
The BEST way to pitch seller financing for off-market multifamily deals
Multifamily investing “myths” new investors are taught (and why they’re wrong!)
Common zoning and permitting issues that can kill your cash flow
The keys to managing multiple tenants (and how to keep them happy!)
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
Real Estate Rookie 111 - 26 Doors in 1 Year? Here’s How You Can Do It Too!
Get RentRedi for FREE with BiggerPockets Pro Membership
Maximize Your Real Estate Investing with a Self-Directed IRA
Buy Amelia & Grace’s Book “The Self-Managing Landlord”
Find an Investor-Friendly Agent in Your Area
Real Estate Rookie 401 - Boost Your Cash Flow in 2024 with These “Self-Management” Tips
Connect with Amelia
Connect with Grace
(00:00) Intro
(02:27) Small Multifamily 101
(08:32) Finding Deals & Choosing Markets
(16:55) Due Diligence & Tenant Management
(25:13) Creative Finance Strategies
(29:20) Key Systems & Processes
(32:11) Connect with Amelia & Grace!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-515
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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Is it possible to scale your real estate portfolio in this market? What if you only have one income? Getting past one rental property is a huge hurdle in every investor’s real estate journey, but increasing your rental income and lowering your mortgage costs can help you maximize your cash flow and get over the hump. And in this episode, we’ll show you how!
Welcome back to another Rookie Reply! Today, we’re diving back into the BiggerPockets Forums and answering your questions. First, we’ll hear from an investor who wants to scale their portfolio but feels stuck with one rental. We’ll show them how to squeeze more money out of their property and fund their next purchase. Our next question is from an investor who wants to refinance a “unique” property that doesn’t have comparables. What type of loan do they need? Should they sell the property? Stay tuned to find out. Finally, we’ll help a few landlords with some “unusual” rental maintenance headaches!
Looking to invest? Need answers? Ask your question here!
In This Episode We Cover:
Whether you can build and scale a real estate portfolio on ONE income
House hacking, renting by the room, and MORE ways to grow your rental income
Homeowners insurance, property taxes, and MORE mortgage costs you can reduce
How to turn your accessory dwelling unit (ADU) into a short-term rental
Creative ways to get refinancing for a “non-traditional” rental property
How to handle unusual (or unreasonable) maintenance requests from tenants
What you MUST keep in mind when working with Section 8 tenants
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
AirDNA
Ownwell
Land More Off-Market Deals with Crucial Property Owner Contact Information from DealMachine
Ask Your Question for a Future Rookie Reply
Grab the Book “The Self-Managing Landlord”
Find Investor-Friendly Lenders
Real Estate Rookie 443 - How to Use “Asset Management” to Build Wealth (Even with a Small Portfolio)
(00:00) Intro
(01:01) Scaling with 1 Income
(11:14) Refinancing “Unique” Properties
(17:08) “Unreasonable” Maintenance
(26:05) Section 8 Tenants
(31:37) Ask Your Question!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-514
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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Saknas det avsnitt?
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What do you need to know about the 2025 real estate market before you buy your first (or next) investment property? Dave Meyer, host of the BiggerPockets Real Estate Podcast and one of the industry’s most respected analysts, will tell you everything a rookie real estate investor needs to know when buying in 2025. We’re talking about the best markets, predictions, and one type of property that could be a phenomenal buy this year.
Dave believes now is a great time to invest and is backing it up by increasing his investments in 2025. But, he says you need to find the “upside” in your market or your strategy to make more money this year. What does he mean? Dave spells out a few key ways to find often overlooked “upside” potential so you can build wealth even with high home prices and interest rates.
Which markets does Dave believe have the most growth potential this year? He’s laying out his top investing areas and the property types that could see the most demand. Plus, why is it cheaper (and arguably better) to buy a new home in 2025 instead of waiting for homeowners to sell? If you’re ready to invest in real estate, use Dave’s roadmap to invest better than the rest this year.
In This Episode We Cover:
The 2025 state of real estate investing and why Dave sees plenty of “upside” to come
Why Dave is NOT focusing on “cash flow” when buying his real estate deals
Top real estate markets of 2025 and the cities/areas with the most demand
A “big shift” that is pushing more and more renters to certain parts of the city
Free data you can use right now to see which markets will grow or slow in 2025
Why buying a new build could be a much better investment than buying existing homes
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
BiggerPockets Market Finder
BiggerPockets Real Estate Podcast
On the Market Podcast
Real Estate Rookie YouTube Channel
Real Estate Podcast 1065 - It’s About to Get Good! (2025 Housing Market Predictions)
Real Estate Rookie 123 - ‘Building’ Wealth as a 24-Year-Old with 12 New Construction Projects w/Donovan Adesoro
Real Estate Rookie 473 - Moving 1,500 Miles Away to Buy His First Rental with Just $25,000 w/Austin Wolff
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-513
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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Laura Sides had zero real estate investing experience not too long ago. But, within just six weeks, she made $100,000 on her first real estate deal. How is that even possible? That type of profit is usually reserved for expert real estate investors, not middle-school science teachers! Today, Laura is uncovering the fast-flipping formula that helps her do quick, profitable real estate deals even in her competitive market.
During a beach vacation to Florida, Laura read the personal finance and investing classic Rich Dad Poor Dad, and, seemingly overnight, her brain rewired as she became dead set on multiplying her money instead of working for every dollar. So, she took out a HELOC (home equity line of credit) to buy her first real estate deal, but where would it come from? A chance encounter with a neighbor would set her on a path that would change her life forever.
Now, she’s cracked the house flipping formula, has two killer rental properties she uses as her own vacation homes, and makes significantly more than her teacher’s salary working on her schedule, building wealth her way. Want to be like Laura? We ALL do, and today, she’s sharing how you can do it, too!
In This Episode We Cover:
How Laura made a six-figure profit in just six weeks on her FIRST real estate deal
The house flipping formula Laura uses to buy low-stress, quick flips that make great profits
Why you should ALWAYS be friendly with your neighbors (they might sell you their house)
Using a HELOC (home equity line of credit) to buy your first investment property
What Laura looks for on property listings as telltale signs they’ll be good deals
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
Rich Dad Poor Dad
Laura’s Instagram
Land More Off-Market Deals with Crucial Property Owner Contact Information from DealMachine
Buy the Book, “The House Flipping Framework”
Find an Investor-Friendly Agent in Your Area
How to Start Flipping Houses for Huge Profits in 2025 (Step-by-Step!)
Connect with Laura
(00:00) Intro
(01:02) ZERO Investing Experience
(04:49) I’ll Buy Your House!
(08:56) $100K Profit on FIRST Deal!?
(12:41) From 1st Flip to Beach House
(19:55) Laura’s Portfolio
(22:32) The Fast Flipping Formula
(26:41) Finding Deals
(34:18) Connect with Laura!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-512
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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Thinking about buying a duplex, triplex, or even a quadplex? Small multifamily properties are often some of the BEST investments for cash flow, especially if you plan to live in one of the units! But how does this type of property differ from a single-family home? What do you need to know before buying? Listen in to find out!
Welcome back to another Rookie Reply! Today, we’re scouring the BiggerPockets Forums and answering more of your questions. After covering the ins and outs of small multifamily investing, we’ll get into financing your first property. What’s the best loan for first-time home buyers—FHA, conventional, or another option entirely? We’ll put them head-to-head and point you in the right direction! Finally, we’ll discuss several ways to use your home equity to grow your real estate portfolio. From 1031 exchanges to lines of credit, there are all kinds of options!
Looking to invest? Need answers? Ask your question here!
In This Episode We Cover:
What you NEED to know before buying a small multifamily property
The pros and cons of FHA and conventional home loans
Putting twenty percent down versus paying private mortgage insurance (PMI) with less money down
How to defer capital gains tax through a 1031 exchange
The BEST ways to leverage the home equity in your rental property
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
FreddieMac PMI Calculator
Ask Your Question for a Future Rookie Reply
Buy the Book “The Multifamily Millionaire, Volume 1”
Find Investor-Friendly Lenders
Real Estate Rookie 261 – How Nancy Rodriguez from ‘Love Is Blind’ Hit Financial Freedom BEFORE Fame
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-511
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices -
Home renovations can substantially increase your equity and cash flow on a rental property, but when doing one, there are two key things you need to pay attention to: budgets and timelines. Today, rookie real estate investor Rene Hosman is back to teach you how to do both after just finishing a three-month, $36,000 rental renovation where she turned an outdated apartment into a cash-flowing condo!
Rene was able to rehab the entire unit (two bedrooms, one bathroom) with a budget of around $30,000, and although she may have gone slightly over, her returns look nothing less than phenomenal. How did she do everything—new floors, electrical, bathroom, AND furnishings—with such a reasonable budget? If you’re ready to renovate your home or rental property, take her tips.
Rene goes through every aspect of the project: the good (renting it out right after finishing) and the bad (a BIG flood in the master bedroom), plus everything in between. She’ll share what she chose to DIY, what was smarter to hire out, and how she paid for it all. We also get the final numbers of the renovation—what the property appraised for AND how much it’s renting for now!
In This Episode We Cover:
How to stay on budget and on timeline when doing your next home renovation
Unexpected costs that led to thousands of more dollars in renovation expenses
Whether you should buy the materials or let your workers buy them instead (cost-saving tip!)
Furnishing your rental property for cheap and where Rene finds low-cost, quality furniture
How to negotiate with your bank so you can get a LOWER interest rate when you refinance
How much cash flow Rene will make off of this small (but mighty) medium-term rental
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
BiggerPockets Forums
$1,000,000/Year with 22 Rentals by Focusing on This Ultra-Profitable Niche w/Jesse Vasquez
Maximize Your Real Estate Investing with a Self-Directed IRA
Join BiggerPockets Momentum 2025 to Supercharge Your Investing This Year
Grab Your Copy of “The Book on Estimating Rehab Costs”
Find Investor-Friendly Lenders
How to Do Your FIRST House Flip in 2024: Budgets, Renovations, and Loans w/Rene Hosman
Connect with Rene
(00:00) Intro
(01:07) Property Renovation Progress
(03:35) How to Hit Your Renovation Timeline
(06:56) Staying On-Budget
(11:38) Unexpected Costs...
(19:29) Building Your Renovation Budget
(21:18) Paying for Materials and Rehab Expenses
(30:42) Furnishing the Property
(32:18) Refinancing and Rent Numbers
(40:12) Connect with Rene!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-510
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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Want to start investing in real estate but don’t know where (or how) to begin? Even as a brand-new beginner, you can buy your first investment property in 2025, regardless of how high home prices and interest rates get. Today, we’ll break down how to find your first investment property, finance it, build a team (so you’re not doing all the work), and manage it to start building real estate wealth.
Feeling scared to start? Thousands of rookies were in your shoes at the start of 2024 and are now experienced investors. It’s common to feel fear before buying an investment property, which is why, in this episode, we’re going over the common worries and pitfalls that stop investors from starting and how you can get around them!
We’ll even share the exact markets we’re looking to buy in this year, what types of properties we think have the most potential, and get into interest rate predictions for 2025! Don’t sit on the sidelines; this is your chance to get into the game!
Join BiggerPockets Momentum 2025 to supercharge your investing this year!
In This Episode We Cover:
How to start investing in real estate in 2025, even if you have zero experience
Beginner steps to start and the two things you MUST do now before you buy
The real estate markets we’re looking to buy in during 2025 (copy our strategy!)
What to do if you’re too scared to start and stuck in analysis paralysis
Building your investing team so you don’t have to do all the work
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
BiggerPockets Calculators
BPCon2025
BiggerPockets Forums
Real Estate Market Analysis for Beginners | Rookie Resources
Landlord-Tenant Laws of the US
Join BiggerPockets Momentum 2025 to Supercharge Your Investing This Year
Grab the Book “Long-Distance Real Estate Investing”
Find an Investor-Friendly Agent in Your Area
BiggerNews: This Area Has the BEST Cash Flow Potential in the Country (Lake Effect Cash Flow)
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-509
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices -
Are great real estate deals gone for good? Not so fast! High interest rates, inflated home prices, and low inventory have made things difficult for investors, but by looking beyond the multiple listing service (MLS), you could uncover off-market properties that fly under the radar. In today’s episode, we’ll show you how!
Welcome back to another Rookie Reply! If you’re struggling to make the numbers work in today’s housing market, you’re not alone! Tune in to learn how we find “rare” rental properties that are either undervalued or overlooked. Not sure where to start your investing journey? We’ll share three key factors that will help you narrow down your options and pinpoint the best real estate market for you. Stick around till the end as we discuss lease renewals, tenant turnover, and how to deal with a renter whose financial situation has changed!
Looking to invest? Need answers? Ask your question here!
In This Episode We Cover:
Creative ways to find more off-market real estate deals in 2025
Three key factors to consider when choosing a market to invest in
Why proper deal analysis is even more crucial when buying off-market
How to determine whether you should offer tenants lease renewals
Keeping your BEST tenants and avoiding costly tenant turnover
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
PropStream
Privy
NeighborhoodScout
BrightInvestor
Ask Your Question for a Future Rookie Reply
Buy the Book “Finding and Funding Great Deals”
Find an Investor-Friendly Agent in Your Area
5 Ways to Find Off-Market Real Estate Deals Like a Pro
Real Estate Market Analysis for Beginners | Rookie Resources
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-508
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices -
Fixing up a distressed property might be the BEST way to add value, whether you’re looking to flip houses, BRRRR (buy, rehab, rent, refinance, repeat), or charge higher rents. But to avoid losing money, you’ve got to know what you’re doing! Today’s guest is an expert in home renovations, and in this episode, she’ll walk you through the entire process!
Welcome back to the Real Estate Rookie podcast! Investor Serena Norris has done over 200 deals (including more than 130 flips) in just TEN years, so she knows a thing or two about home improvements! Today, she will show you how to complete a rehab project, step-by-step. You’ll learn about everything from forming partnerships and analyzing rentals to creating a pricing sheet in a new market, building a scope of work, and effectively managing your contractors.
Whether it’s your first time managing construction or you’re looking for systems and processes that will help your jobs run smoothly, you don’t want to miss this renovation masterclass. Serena offers plenty of nuggets that will help you finish your projects on time AND on budget!
In This Episode We Cover:
Serena’s BEST renovation tips, tricks, and hacks (learned from 130+ flips!)
How to manage a home renovation project from start to finish
How to divvy up responsibilities in a real estate investing partnership
Building your pricing sheet when diving into a new market
How to estimate rehab costs and create your own scope of work
The two most common mistakes new investors make on rehab projects
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
Grab “The Book on Estimating Rehab Costs”
Find an Investor-Friendly Agent in Your Area
Real Estate Rookie 488 – How I’m Flipping 12 Houses (at Once!) All While Traveling
Serena’s Instagram
(00:00) Intro
(00:50) Serena’s Portfolio & Partnerships
(07:23) Building Your Pricing Sheet
(15:55) Creating a Scope of Work
(25:24) Working with Contractors
(34:08) How to Manage Rehab Projects
(43:47) Connect with Serena!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-507
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices -
Want to build a thriving real estate business in 2025? There’s a major mindset shift you need to make if you want to be successful in today’s market. Whether you want a couple of cash-flowing rental properties or dream of building a multimillion-dollar company, like Steve Rozenberg did, you won’t want to miss this episode!
Welcome back to the Real Estate Rookie podcast! When Steve was furloughed from his job as an airline pilot, he knew he needed another way to make money. He dabbled in several real estate strategies—flipping houses, wholesaling, and buy and hold investing—and experienced his fair share of failure along the way. But what he discovered was that the cost of inaction was much higher than the cost of action. By educating himself, learning from his mistakes, and laying the proper foundation for his business, he was able to scale a multimillion-dollar property management company!
In today’s episode, Steve will give YOU the blueprint for starting your own real estate business this year. You’ll learn about the two biggest mistakes new investors make, the systems and processes that will allow you to scale, and how to identify the perfect investing strategy for you!
In This Episode We Cover:
The blueprint Steve used to build a multimillion-dollar company
The crucial mindset shift you need to succeed in today’s market
The two biggest mistakes new investors make when starting out
How to lay the proper foundation for your real estate business (in five steps!)
Creating systems and processes that allow you to scale your real estate portfolio
The number of standard operating procedures (SOPs) you actually need
How to choose the perfect investing strategy for you in 2025
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
The Checklist Manifesto
Buy the Book “Scaling Smart”
Find an Investor-Friendly Agent in Your Area
How to Build Effective Systems in Your Real Estate Business
Connect with Steve
(00:00) Intro
(01:22) Starting from Zero
(05:07) Mindset Shift & Critical Mistakes
(10:41) HUGE Lessons Learned
(18:35) The Secret to Scaling
(25:43) Building Systems & Processes
(33:31) The “One-Page” SOP
(40:23) Connect with Steve!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-506
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices -
What’s the “right” way to build your real estate portfolio? Once you’ve taken down your first rental property, should you focus on paying it off? Or should you buy more properties, even if it means taking on even more debt? You’ll want to hear where we stand in today’s episode!
Welcome back to another Rookie Reply! Today, Tony and Ashley are digging through more of your recent real estate-related questions. First, we’ll discuss paying off your mortgage versus using that money to buy more rental properties. After that, we’ll compare the pros and cons of FHA loans and show you an easy way to estimate closing costs. We’ll also cover some other low-money-down loans that you may have never heard of! Finally, are you struggling to fill vacant units? Tired of apartment tour no-shows? Stay tuned because we’ve got a strategy that makes “serious” applicants stick!
Looking to invest? Need answers? Ask your question here!
In This Episode We Cover:
Whether you should focus on paying off your mortgage or buying MORE rentals
The pros and cons of getting an FHA loan for your rental property
The “hidden” closing costs you CAN’T afford to miss (and how to calculate them!)
The best ways to put low money down on your next property
Finding “serious” applicants for your rentals (and lower vacancy rates!)
How to save time by streamlining your rental application process
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
Sample Closing Disclosure
NACA
USDA Eligibility Map
Ask Your Question for a Future Rookie Reply
Grab “The Book on Rental Property Investing”
Find Investor-Friendly Lenders
Real Estate Rookie 261 – How Nancy Rodriguez from ‘Love Is Blind’ Hit Financial Freedom BEFORE Fame
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-505
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices -
Do you lean into data when analyzing real estate deals? In a competitive market, ANY kind of advantage goes a long way towards helping you land better deals. And guess what? Harnessing the power of data is much easier than you think. Today’s guest delivers a handful of helpful tips, tricks, and tools that all rookie investors can use!
Welcome back to the Real Estate Rookie podcast! Today, we’re joined by Ariel Herrera—data scientist by day and real estate investor by night. Five years ago, Ariel decided that real estate was going to be her path to financial freedom. Like any eager investor, she devoured as many articles, podcasts, videos, and books as she could get her hands on at the time. Once she realized that she could combine her love for data science with real estate, there was no looking back!
In this episode, Ariel shares about the competitive edge you can gain by being a data-driven real estate investor. She recommends several tools and systems, all of which are easy to implement and require ZERO coding. Additionally, you’ll learn how to choose your market, invest out-of-state, and save a ton of time with a few deal analysis shortcuts!
In This Episode We Cover:
How to find better real estate deals through the power of data science
Tools and systems you can use to analyze deals (WITHOUT any coding!)
Leveraging the equity in your portfolio to purchase MORE properties
Creating consistent cash flow with the house hacking strategy
How to find and purchase properties in other states (and countries!)
And So Much More!
Links from the Show
Apify
Browse AI
ChatGPT
Google Bard
Redfin
Zapier
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-504
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices -
It’s the season for housing market predictions, and we know who to call! Altos Research and HousingWire’s Mike Simonsen joins the show to share where his team thinks mortgage rates, home prices, housing inventory, and buyer demand will be in 2025. Every year, the HousingWire team puts together a phenomenal housing market forecast, touching on the topics investors, agents, lenders, and housing nerds care about while recapping the wildest surprises of the year prior.
Will mortgage rates finally fall below six percent in 2025? Will home prices dip with housing inventory up a substantial percentage year-over-year? And could agents and lenders finally get some relief with home sales, or will we still see sluggish purchasing and buyer activity? Not to spoil it, but Mike is optimistic about the 2025 housing market and what will come over the next twelve months.
Mike breaks down each prediction and what could affect YOU the most, whether you’re buying or selling homes. Plus, he shares the one metric his team is watching carefully to see which direction the 2025 housing market is headed.
In This Episode We Cover:
HousingWire’s 2025 housing market forecast and 2024 housing market recap
The mortgage rate range you can expect over the next twelve months
Home price growth and exactly how much the HousingWire team expects in 2025
Why housing inventory is starting to climb again (and whether it will continue in 2025)
One metric Mike and his team are paying very close attention to in 2025
The market’s reaction to the 2024 election and President-Elect Trump’s win
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
On the Market
Altos Research
HousingWire’s 2025 Housing Market Forecast
Check Out "On the Market"
Get Ready to Invest in 2025 with Dave’s Book, “Start with Strategy”
Find Investor-Friendly Lenders
2025 Housing Market Predictions (+ How’d We Do Last Time?)
Connect with Dave
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-503
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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This might be the fastest path to FIRE we’ve ever seen. In just two years, Emily and James were able to retire early and travel the world full-time. They didn’t have a trust fund, some huge inheritance, or a winning lottery ticket. But they did make some serious sacrifices, cutting almost everything unnecessary out of their lives to retire early and quit the jobs they were itching to get out of. How’d they do it?
After realizing they were throwing away every cent they made, James stumbled upon a popular personal finance blog. He devoured it that day at work and came home a changed man. The AC temperature was going up, the restaurant expenses were going down, and he was deadset on achieving financial freedom. His wife, Emily, needed some convincing. But, with time, they both became locked in on FIRE. They moved to a cheaper house, rode bikes to work, and rarely ate out anymore.
Just two years after discovering FIRE, they achieved it, and they did it without millions of dollars in the bank. And here’s the thing: you might be able to do it, too, IF you’re willing to put in the work. How much money are they living on? How did they cut their expenses so significantly? And how do you convince your partner or spouse to follow you on the path to financial independence? Emily and James are showing you how in today’s episode!
In This Episode We Cover:
How NOT to convince your partner/spouse to chase FIRE (do THIS instead)
Cutting your expenses significantly and how to save money every single month
The big lifestyle changes you must be willing to make to retire early
Rental property investing and how to have income property cash flow fuel your FIRE
Why you DON’T need to be a millionaire to retire early
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
The BiggerPockets Money Podcast
Rethink The Rat Race
Check Out "BiggerPockets Money"
Reach FIRE Faster with the Personal Finance Classic “Set for Life”
Find Investor-Friendly Lenders
The Ultimate Beginner’s Guide to Saving Money
Connect with Scott
Connect with Mindy
(00:00) Intro
(01:51) Poverty to Overspending
(06:42) Convincing Your Spouse on FI
(09:39) 0% to 85% Savings Rate
(17:00) Buying $50K Rentals
(23:59) Retiring on $31K/Year
(30:10) The Secret to FIRE
(33:13) Are They Still Retired?
(35:06) Advice for Finding FIRE
(36:54) Connect with James and Emily!
(37:49) Use These FIRE Tips
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-502
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Mike Baum owns just one rental property, but this one property alone has changed his life. It’s allowed him to become such an investing expert that he’s constantly being asked for his opinion on the BiggerPockets forums, and he provides some of the most well-thought-out investing advice on the internet. So why does he have just one rental property, and why doesn’t he grow using his expertise? The answer isn’t that obvious.
You wouldn’t know it, but Mike is permanently disabled. After overworking so hard that he ended up losing his vision, he was placed on disability for the rest of his working career. This high achiever was forced to slow down and find something else that could replace his day job. Shortly after his diagnosis, he found BiggerPockets and turned a family vacation home into a short-term rental.
Now, he’s got systems and processes that help him self-manage with very few headaches, and he will probably keep this property as his one and only rental for life. Why didn’t he “FOMO” in when everyone was gobbling up real estate in 2020? Why didn’t he grow his portfolio to become the next tycoon? Mike has some clear answers for why he did what he did, and after listening to him, you might change what you want, too.
In This Episode We Cover
Why you DON’T need a large real estate portfolio to find financial success when investing
Why Mike tells beginner investors that they should NOT buy a short-term rental property
The systems and processes Mike made to automate his vacation rental self-management (so he works less!)
One thing you should do NOW before you start investing in real estate (it’s free!)
The real result of “FOMO” investing and how to stop shiny object syndrome from blowing you off course
And So Much More!
Links
Short-Term Rental & Airbnb Investing Forum
The BiggerPockets Real Estate Podcast
(00:00) Intro
(03:03) Losing Sight After Overworking
(05:53) Empty Lake House?
(09:21) Managing a Vacation Rental
(12:49) Know This BEFORE You Buy
(18:00) Just ONE Property
(21:25) No-FOMO Investing
(26:49) A “Very Interesting” 2025
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-501
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Covering your entire mortgage payment in ONE day?! Today’s guest is proof that you don’t need a full-blown real estate portfolio to start making money. She has only ever owned one property, her primary residence, but it brings in up to $16,000 a month being rented out part-time!
Welcome back to the Real Estate Rookie podcast! When searching for her first home, Nicole Lulinski Weill wanted a property that could bring in some extra income. She started looking at duplexes and homes with accessory dwelling units (ADUs) before stumbling on her dream house—a vintage home that had been used for film productions—and deciding to tap into its money-making potential as well.
Despite not owning any “rentals,” she can pay her mortgage with a single project. The best part? This unconventional strategy is scalable! Now that Nicole has proof of concept, she plans to buy more of these niche investments in emerging markets and rent them out in the same way!
If you want to make money without house hacking or becoming a landlord, you don’t want to miss this episode! Nicole will show you where to find a money-making primary residence, how to rent out your home to film production companies, and steps to protect your home from damage along the way!
In This Episode We Cover:
How this rookie investor covers her entire mortgage payment in ONE day
Why you DON’T need to own rental property to make money in real estate
How to turn your own primary residence into a money-making machine
Renting your home out to film production companies for a huge payday
Crucial steps to protect your house from damage while renting it out
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
Nicole’s Instagram
Buy the Book “First-Time Home Buyer”
Find an Investor-Friendly Agent in Your Area
Real Estate Rookie 497 - $1,000,000/Year with 22 Rentals by Focusing on This Ultra-Profitable Niche
(00:00) Intro
(00:59) Buying (and Renting!) Her Home
(10:51) Permitting & Logistics
(14:42) Paying Her Mortgage in a Day?!
(17:53) Protecting the Property
(22:450 Extra Fees & Rental Rates
(26:27) The Booking Process
(37:08) Connect with Nicole!
(33:39) Scaling & Revenue
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-500
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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What’s the right investing strategy for YOU? In this episode, we’re going to hear from an investor who has scaled their real estate portfolio to twenty rentals in just TWO years! Despite their rapid success, they feel “stuck” and aren’t sure which strategy to use moving forward. Stay tuned as we show you how to choose the right strategy while helping them get unstuck!
Welcome back to another Rookie Reply! Today, Ashley and Tony are diving into the BiggerPockets Forums and Real Estate Rookie Facebook group to answer more of your recent questions. After showing you how to nail down an investing strategy, we’ll get into landlord anonymity and provide you with several creative ways to protect your personal information from tenants. But that’s not all. We’ll also discuss short-term rental rates and share the dynamic pricing tools we use to find the “sweet spot” for ANY property or market!
Looking to invest? Need answers? Ask your question here!
In This Episode We Cover:
How to nail down the perfect real estate investing strategy for YOU
Creative ways to hide your personal information from tenants
How to return security deposits to tenants (while staying anonymous!)
Determining the ideal nightly rate to charge (for your short-term rental and market!)
Maximizing your Airbnb revenue with the BEST dynamic pricing tools
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
OpenPhone
Google Voice
PriceLabs
Beyond Pricing
Wheelhouse
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-499
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Don’t have a ton of money to invest in rental properties? No problem! You don’t need hundreds of thousands of dollars to start building wealth. Chris Young, a (not-so) rookie investor from Southern California, started with just five percent down. He bought a $500,000 home in pricey Los Angeles for just $25,000 out-of-pocket. Now, Chris has four rental properties, one of which he uses as a vacation home, and hundreds of thousands in equity! Plus, he did it all while working a W2!
Chris knew he wanted to invest in real estate early on. So, when he started his full-time job, he also got his real estate agent license, allowing him to have a backup source of income in case his career didn’t work out. But, thankfully, his real estate has been doing more than alright! He performed a “live-in BRRRR” (buy, rehab, rent, refinance, repeat) on his first property, making him hundreds of thousands in equity, then bought another one!
But, after attending BPCon, Chris knew he needed a true investment property. What gets you monthly cash flow and a vacation home to use whenever you want? A short-term rental! But not everything went as planned—one unlucky event put his entire house out of commission for months! However, Chris is still thrilled that he has bought this property. He shares why he picked its specific market, how he dodged local competition, and did it all with just ten percent down!
In This Episode We Cover:
How to start building your real estate portfolio with just five percent down!
The “live-in BRRRR” strategy that made Chris hundreds of thousands of dollars
Picking your vacation rental market and why you DON’T want to go where everyone else is
Using a ten percent down second home loan to buy your first short-term rental
The one very unlucky event that cost Chris $40,000 (you CAN’T avoid it!)
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
Grab the Book, “Short-Term Rental, Long-Term Wealth”
Find Investor-Friendly Lenders
Real Estate Rookie 486 - Quitting His Job with Real Estate After Cracking the Cash Flow Code w/Miller McSwain
Connect with Chris
(00:00) Intro
(02:24) 5% Down First Property
(06:57) Property 2 (Rent-by-Room)
(11:04) Finding 1st Short-Term Rental
(19:36) 10% Down Sequoia Vacation Rental
(29:26) Losing $40K!
(30:01) Setting Yourself Apart
(39:44) Connect with Chris!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-498
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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You can make money in real estate—with or without owning rentals! How? There’s a growing segment of the industry that rookies NEED to know about. It’s more lucrative than long-term rentals, more consistent than short-term rentals, and today’s guest is bringing in $1 million a YEAR with it!
Welcome back to the Real Estate Rookie podcast! Jesse Vasquez has mastered the medium-term rental strategy, bringing in over $1 million in revenue each year from twenty-two rentals. But here’s the thing. You don’t need a huge real estate portfolio to use this investing strategy and repeat his success. In fact, you don’t need to own ANY rentals to get started, making it the perfect option for new investors. But make no mistake—you’ll need to roll up your sleeves and get your hands dirty to build this type of real estate business!
In today’s episode, Jesse will show you how to tap into this emerging segment of the market. You’ll learn how to build your network, land your first contract, and become a trusted “broker” for human resource and recruiting companies throughout your market. You’ll also learn the ins and outs of setting up medium-term rentals and how to convert an existing rental property into a thirty-day stay!
In This Episode We Cover:
The corner of the real estate industry that investors are still overlooking
How to set up your own medium-term rental property in 2025
How to build your network, land your first contract, and earn money from referrals
The clients that make the BEST guests (and how to find them!)
Must-have amenities to include with your medium-term rental property
How Jesse makes over $1 million in annual revenue from twenty-two rentals
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
Buy the Medium-Term Rental Guide “30-Day Stay”
Find an Investor-Friendly Agent in Your Area
How to Invest in Medium-Term Rentals
Connect with Jesse
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-497
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Are you looking to grow your real estate portfolio and build wealth faster? There’s a tax “loophole” that allows you to sell your property and roll your equity (and profits) into a bigger and better rental property—all while deferring thousands of dollars in taxes. Stay tuned to learn how to use a 1031 exchange to your advantage!
Welcome back to another Rookie Reply! Today, Ashley and Tony are answering some of your recent questions from the BiggerPockets Forums. After discussing 1031 exchanges and “like-kind” properties, we’ll help an investor determine if they should sell or rent a property that, despite the potential to bring in decent monthly cash flow, has some costly capital expenditures looming. Next, is it better to stabilize a rental property by making home improvements that help you raise rent or use the same funds to buy another property? We’ll dive into the numbers and show you which option gives you the highest return!
Looking to invest? Need answers? Ask your question here!
In This Episode We Cover:
The tax “loophole” that allows you to defer thousands of dollars in capital gains tax
Building wealth and growing your portfolio with a 1031 exchange
Whether you should rent or sell a property that needs major repairs
When to stabilize your current portfolio versus buying another property
Prioritizing renovations that increase home value and allow you to raise rents
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Tony's BiggerPokckets Profile
Join BiggerPockets for FREE
Real Estate Rookie Facebook Group
Real Estate Rookie YouTube
Ask Your Question on the BiggerPockets Forums
Put Your Vacation Rental on Autopilot with Hospitable
Ask Your Question for a Future Rookie Reply
Buy “The Book on Tax Strategies for the Savvy Real Estate Investor”
Find Investor-Friendly Lenders
What Is a 1031 Exchange in Real Estate? How to Guide & Examples
(00:00) Intro
(00:46) 1031 Exchanges
(11:50) Should I Rent or Sell?
(18:43) Making Home Improvements
(23:59) Ask Your Question!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-496
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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