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 Felipe Mejia 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 Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.
Doubling Cashflow by Renting out Rooms with Pharmacist Ryan Chaw
From $25,000 purchase prices last week to $300,000+ group houses this week!
We head to the Bay Area today to meet pharmacist Ryan Chaw, who ventured about an hour away from his hometown and began buying 1 house per year and renting them by the room to college students.
Ryan collects nearly $11,000/month from 18 tenants, and is creating the kind of generational wealth his grandfather used to put both him and a sibling through college.
Does renting to college kids sound like a disaster waiting to happen? Well... Ryan has found several ways around this, and in this episode he outlines the checklists, systems, and "personal touches" he uses to self-manage without the headaches.
Ryan opens up about an early failure, too. He wasn't getting all his rooms filled, and he realized he wasn't doing a good enough job advertising. So he developed step-by-step, "P.R.I.M.E." marketing method to attract a steady stream of qualified applicants... and you'll learn each step today.
If you're struggling how to figure out just how to create cashflow in a spendy market, follow Ryan's lead! Get creative, consider rent-by-the-room and other outside-the-box strategies, and reap the rewards of greater appreciation and stability that come with high-priced areas.
In This Episode We Cover:How Ryan is succeeding in one of the most expensive markets in the country, the Bay AreaUsing his job as a pharmacist to get conventional financingCreating generational wealth through real estateHow he saved up to buy 1 property per year, 4 years in a rowWhy he rents his houses to college studentsThe systems he uses to manage 18 tenants and avoiding roommate dramaUnlocking hidden value and boosting rental income by adding bedroomsLessons learned from a difficult tenant who smoked weed and played loud musicWhy "buy then wait" beats "wait then buy"And SO much more!Links from the ShowReal Estate Rookie Facebook GroupFelipe's InstagramAshley's InstagramBiggerPockets ForumsBiggerPockets PodcastRentometerYelpZillowCheck the full show notes here: https://www.biggerpockets.com/rookie35
School Teacher Making $72,000 a Year in Cashflow with Amy Barber
What do you get when you combine Dave Ramsey-style frugality with aggressive deal-finding tactics? You get teacher Amy Barber and her fiancé, Jay – and their $6,000 monthly cashflow in rural Iowa.
In this episode, Amy shares her strategies for buying foreclosed ranch houses in cash, cleaning them up, then refinancing so she can repeat the process again and again.
Think no one's doing deals during the pandemic? Well, she's bought 4 houses in the past 4 months, and plans to keep going until she's making enough to comfortably leave her W-2 job.
If you're looking for guidance on how to build the financial foundation so you can invest in real estate from a position of strength, Amy's story will fire you up and get you ready to take that most important next step toward "getting rich slowly" just like her.
By the way, Amy came to our attention through the Real Estate Rookie Facebook group. If you find other awesome investors who would make a great fit for the show, tag us or send them to biggerpockets.com/guest so they can apply.
In This Episode We Cover:How Amy got started as an "accidental landlord" during the Great RecessionBuying 4 properties in the last 4 months Finding deals through her fiancé's job in foreclosure preservationHow they bought a foreclosed house and created $50k in equityTaking Dave Ramsey's course to get her finances under controlDelaying gratification and making sacrifices to create enough cashflow to quit her W-2 jobWorking 2 jobs and doing real estate on the sideAnd SO much more!Links from the ShowReal Estate Rookie Facebook GroupFelipe's InstagramAshley's InstagramBiggerPockets ForumsBiggerPockets PodcastFinancial Peace University by Dave RamseyAirbnbOutdoorsyMintCozyStessaApartments.comAsanaZillowBrandon's BiggerPockets ProfileBiggerPockets Money PodcastCheck the full show notes here: https://www.biggerpockets.com/rookie34
A Marine (and his Mentor) Buy a BRRRR: Step-by-Step with Joe Roberts and Steve Rozenberg
Today we bring you another mentor/mentee conversation, where Joe Roberts shares his experience working alongside Steve Rozenberg to buy his first long-distance investment property.
Joe is a U.S. Marine helicopter pilot who regularly deploys to combat zones, so efficient systems are a must for him. Steve, a commercial airline pilot and experienced investor, loves designing standard operating procedures. Perfect fit!
The two got paired up when Joe won Mynd Property Management's $20,000 mentorship contest, and today they reveal how Joe found the perfect market, neighborhood, and property for his first BRRRR.
You'll love hearing how Joe and Steve developed their strategy based on Joe's goals for appreciation, equity, and cashflow; how he analyzed the numbers in several markets before settling on Atlanta; how he documented his process to he can repeat the process over and over again (even while deployed)... and why he'd rather hire property management than deal with tenants himself.
This show gives you a peek into a real-world mentorship and breaks down the mistakes and lessons learned along the way. Let us know what you think of this episode in the comments at biggerpockets.com/rookie33, and we'll see you next week!
In This Episode We Cover:How Joe got started in real estate while serving as a Marine helicopter pilotWhy Steve chose Joe as the winner of the $20,000 Mynd mentorship contestWhy Steve and Joe chose to buy a long-distance deal in Atlanta, GAHow they crunched the numbers once they chose a marketWhy they pulled out of two deals after bad inspectionsGetting aligned with your spouse or partner regarding your real estate goalsUsing BiggerPockets' market-specific sub-forums to find an agentTime management strategies for busy people (you!)And SO much more!Links from the ShowReal Estate Rookie Facebook GroupFelipe's InstagramAshley's InstagramBiggerPockets ForumsBiggerPockets PodcastBiggerPockets ConferenceBiggerPockets Podcast 352: No Driver’s License, No Money, No Excuses: How Diego Corzo Blazed a Trail to 18 DoorsBiggerPockets AgentsCozyBiggerPockets Youtube ChannelCheck the full show notes here: http://biggerpockets.com/rookie33
Debt Free with 2 Rentals and Counting with 24-Year-Old ICU Nurse Prescott Williams
Frontline healthcare worker... Air Force Reservist... real estate investor!
24-year-old Prescott Williams is a renaissance man committed to building real wealth through real estate while serving his community and his country. Today he walks us through his first 2 deals, and the 3 deals he's currently working on in the Hattiesburg, Mississippi area.
Prescott shares some great shortcuts for investors who work full-time – from creating a "rental requirement list" with your personalized criteria to publicly posting your real estate goals (you never know who will send you a lead!).
A lot of our guests choose their real estate agent as their MVP, but for Prescott it's his mortgage lender. You'll learn how he finances his rehabs and new construction deals by partnering with a small local bank – a strategy you can model (if you're willing to put in a little legwork!)
Give Prescott a follow on Instagram @prescott_williams -- and follow us by joining our Real Estate Rookie Facebook Group: just search "Real Estate Rookie" and answer the screening questions to join 15,000 other like-minded investors.
In This Episode We Cover:Prescott's strategy for graduating college debt-freeFinding a flexible local "portfolio" lenderPersuading his parents to take out a HELOC to help him get started in real estate investingSleeping on an air mattress while renovating a houseHis "rental requirement list" criteriaHow he uses the "1% rule" (rent = 1% of purchase price) to guide his purchasing decisionsThe stress-free way to handle maintenance callsHow he's gotten deals just be posting his goals on social mediaAnd SO much more!Links from the ShowReal Estate Rookie Facebook GroupFelipe's InstagramAshley's InstagramBiggerPockets ForumsBiggerPockets PodcastBiggerPockets Podcast 348: Full-Time Job, Full-Time Mom, and Full-Time Wealth From Rentals with Ashley KehrBiggerPockets Podcast 329: Financial Freedom Before 30 Through Just 10 Deals With Felipe MejiaBiggerPockets Podcast 012 : Wholesaling and Marketing with Sharon VornholtZillow Check the full show notes here: http://biggerpockets.com/rookie32
Partnering Up, Part 2: Two Real-World Case Studies with Amy Swayze and Chris Lawrence
So... how do partnerships work in real life? Today, you'll learn how – from two new(ish) real estate investors: Amy Swayze and Chris Lawrence.
Amy breaks down her partnership with her adult son, who used his retirement fund to jumpstart their investing career earlier this year (right before COVID hit!). Here's the arrangement: Amy's son brings the money and crunches the numbers; she manages rehabs and gets tenants in their BRRRR rental properties.
Chris is a more experienced investor, having left his sales job to start investing full-time in the Rochester, NY area. Still – when he first jumped into real estate investing, he realized he was missing a few pieces of the puzzle (including liquid $$$).
So what did he do? He found a partner!
Like Amy, Chris and his partner split everything 50/50. They use a HELOC to borrow money at a low interest rate... so they can make cash offers when they're looking for flips and wholesale deals.
This is a real-life look behind the curtain to see how two rookie investors are running their business, and using partnerships to supercharge their wealth-building. Don't miss it... and if you enjoy it, share it with a friend or family member. Who knows, he or she might want to partner up with you someday!
In This Episode We Cover:How Amy partnered 50/50 with her son, an electric line worker who likes the tax advantages of real estateHow she and her son divide dutiesUsing hard money to fund their BRRRR dealsStarting out in real estate investing right before COVID-19 hitHow Chris' partner complements his skill setHow he evaluates various exit strategiesA deep dive into one of Chris and his partner's recent fix-and-flipsAnd SO much more!Check the full show notes here: https://www.biggerpockets.com/rookie31
How to Structure a Partnership, Part 1 with Felipe & Ashley
"I know partnerships can help me build wealth, but how do they actually work in practice?" This is one of the most common questions we get... and today Felipe and Ashley outline 6 rules for partnering on your real estate investments.
From identifying the missing piece that's holding you back, to defining clear lanes and avoiding common pitfalls... this show is a must-listen for any new investor who realizes she can't do it all herself.
Be sure to come back next week for Part 2 – where you'll hear the details of real-world partnership case studies, as told by a handful of investors who have made it work!
In This Episode We Cover:Identifying the "missing piece" to get a deal doneKnowing your numbers and being preparedMaking your official presentation (finances, experience, deal analysis)Offering an opportunity rather than begging for helpVarious financial structures you can useHow Felipe found a partner to do the books Why Ashley partnered with a construction expert on a full gut remodelAnd SO much more!Links from the ShowReal Estate Rookie Facebook GroupBiggerPockets Podcast 352: No Driver’s License, No Money, No Excuses: How Diego Corzo Blazed a Trail to 18 DoorsBiggerPockets PodcastInvestor Girl Britt's InstagramBiggerPockets Podcast 320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany ArnasonRookie Podcast 25: What Appraisers Look For and What it Means for You with Investor/Appraiser Josiah SmelserCheck the full show notes here: https://www.biggerpockets.com/rookie30
Customer ReviewsSee All
Real Estate Rookie a Winner
What a great first episode! I love the hosts and the guests were amazing too. I love the idea of this podcast and am really looking forward to future episodes. Great job Ashley and Felipe.