186 episodes

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 Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.

Real Estate Rookie BiggerPockets

    • Business
    • 4.7 • 1.2K Ratings

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 Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.

    Ditching the "American Dream" & Finding Ways to Live a Wealthier Life

    Ditching the "American Dream" & Finding Ways to Live a Wealthier Life

    In today’s episode, you’ll get to see the third major reason why Alpha Geek Capital, Tony’s fast-scaling real estate company, is so successful. Omid Tehranirad is the third partner in the group, acting as the first layer of protection, or as he puts it, the “chastity belt”, of the partnership. Omid is the head of investor relations and splits operational duties with Sara, Tony’s wife.  

    He discovered real estate after being unfulfilled by the typical “American Dream'' job. His parents encouraged him to pursue the tried and true traditional path that leads to retirement at sixty-five, but after sixteen years at a corporate job, he needed something to change. Omid was looking for something new when he stumbled upon BiggerPockets and discovered the power of real estate investing. He already knew Tony since he was Sara's cousin, but it wasn’t until they found out they both followed David Greene that they realized they could be making money together. From there, they did their first deal and as the saying goes, the rest is history.

    Omid and Tony work well together because they complement each other’s skillsets. Where Tony is idealistic, Omid is realistic and together they reach each goal they set. Omid has been able to leave his corporate nine to five of eighteen years and increase his wealth overall—his financial wealth, social wealth, time wealth, and physical wealth. For the first time in years, he’s able to drop his kids off at school, prioritize his physical health, and travel while still making money. Omid serves as proof that we all need to stop classifying wealth as just financial and realize true wealth is about finding your freedom.

    In This Episode We Cover

    Breaking away from the traditional “American Dream” (and finding something even better)

    The BRRRR method and how to a find low-risk rehab

    How to prepare to transition from a fixed income to a variable income 

    How to structure a partnership and prioritize partner alignment 

    Understanding cash flow and making the numbers work for you

    Identifying a client’s need and how to create a mutually beneficial relationship and partnership

    And So Much More!

    Links from the Show

    Ashley's Instagram

    Tony's Instagram

    BiggerPockets

    Real Estate Rookie Youtube Channel

    Real Estate Rookie Podcast

    Real Estate Rookie Facebook Group

    Real Estate Rookie Bootcamp

    Airbnb

    BiggerPockets Forums

    Alpha Geek Capital

    David Greene's BiggerPockets Profile

    Monday.com

    Wrike

    Rookie Reply: How Much Cash Flow Do You Need to Quit Your W2? w/Daryl Clinch

    Daryl Clinch's Instagram

    Find Money, Partners, & Deals Using The “D.A.D System” w/ Mike Michalowicz

    Mike Michalowicz's Website

    Hospitable

    Rod Khleif's Website




    Connect with Omid:

    Omid's Instagram




    Check out the full show notes here: https://biggerpocket.com/blog/rookie-183

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    • 1 hr
    Rookie Reply: Rent Out Your Primary Residence or Sell and Buy Rentals?

    Rookie Reply: Rent Out Your Primary Residence or Sell and Buy Rentals?

    This week’s question comes from Brandi through Ashley’s Instagram direct messages. Brandi is asking: Our current home could give us about $260,000 in net proceeds if sold. We plan to purchase rentals with those proceeds. But, our home is in a good location with good appreciation. Should we sell our primary to buy properties or refi and make it a rental?

    The sell vs. refi argument is back once again! In this hot housing market, it’s no surprise that homeowners want to take advantage of their growing equity by selling their properties. But, doing so could cause you to lose one property only to have to go out and find another. Although the sell vs. refi answer is specific to each investors’ situation, there are a few quick ways you can establish which is a good move for you.

    Here are some suggestions:

    Ask “what’s going to give me a higher ROI?” and look at metrics like cash-on-cash return and return on equity (ROE)

    Take out a home equity line of credit (HELOC) instead of refinancing and BRRRR your next rental to pay back the loan

    Don’t forget to factor in future appreciation that you could miss out on by selling

    Double-check your interest rate on your primary residence (it may be too good to give up!)

    And more in the episode…

    If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).

    Links from the Show

    Real Estate Rookie Podcast

    Real Estate Rookie Youtube Channel

    Real Estate Rookie Facebook Group

    Alpha Geek Capital

    Tyler Madden's BiggerPockets Profile




    Check the full show notes here: https://www.biggerpockets.com/blog/rookie-182

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    • 8 min
    9 Doors While Deployed and Investing from Afghanistan, Iraq, and Africa

    9 Doors While Deployed and Investing from Afghanistan, Iraq, and Africa

    When you think about long-distance investing, what comes to mind? People usually have reservations about investing out-of-state, but today’s guests took it a step further and invested from halfway across the world. Today’s guest, Caleb Drake, has closed on nine doors with one flip underway.

    Caleb was active duty military for fourteen years, and once he joined special ops he was deployed for six months at a time. During those six months, his house would sit, unused, and that’s when he saw an opportunity. Caleb decided to rent out his house through Airbnb. As a new landlord and Airbnb host, Caleb had to learn by doing, a task that was increasingly more difficult since he was self-managing from Iraq, Afghanistan, and Africa. Caleb was able to combat this challenge by building a team that could handle what he couldn’t.

    After a few years of investing solo, Caleb joined a partnership to expand his portfolio and increase his profit. His partner was also out of the country, so they switched off who was “on-call” and figured out how to automate their check-in and check-out processes. As the business grew, the partnership adjusted to ensure its longevity. Caleb now hopes to continue to scale his business, add to his personal portfolio, and build wealth in the background.

    In This Episode We Cover

    The importance of building a self-sufficient team and how to do so

    Vetting your guests/tenants and how to target your ideal tenants 

    How to invest out-of-state or overseas and automating your check-in processes

    Residential loans vs. commercial loans and how to figure out which one to use

    How to balance and adjust your partnership(s) as your business grows

    The importance of having a real estate agent with an investor mindset, plus how to find one

    And So Much More!

    Links from the Show

    Ashley's Instagram

    Tony's Instagram

    BiggerPockets

    Real Estate Rookie Youtube Channel

    Real Estate Rookie Podcast

    Real Estate Rookie Facebook Group

    Real Estate Rookie Bootcamp

    Airbnb

    BiggerPockets Forums

    The BiggerPockets Conference 2022

    IGMS

    Alpha Geek Capital

    Rentometer 

    BiggerPockets Calculators 

    BiggerPockets Insights 

    Connect with Caleb:

    Caleb's Email

    Caleb's Instagram




    Check out the full show notes here: https://biggerpockets.com/blog/rookie-181

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    • 52 min
    Rookie Reply: How to Buy Your First Rental With No (or Low) Money Down

    Rookie Reply: How to Buy Your First Rental With No (or Low) Money Down

    This week’s question comes from Rodney through Tony’s Instagram direct messages. Rodney, like many investors, has been told that you need twenty percent down to buy a rental property. Rodney wants to know the best way to fund a property without breaking the bank. He's asking: Should I save for a down payment or is there a way to get a rental without the twenty percent down?

    It’s not uncommon for real estate investors to get into deals with far less than 20% down. But, for a beginner, this type of task can seem a bit intimidating, especially if you’re looking at your first investment property. Thankfully, the world of real estate presents investors like us with many ways to creatively fund deals!

    Here are some suggestions:

    Purchase a vacation rental using a second home loan that only requires ten percent down

    Pitch seller financing to the seller and walk them through the tax benefits of financing the property to you

    Partner up with an investor who can provide the down payment on the deal

    Sign a joint venture agreement with another investor who can split the down payment with you

    Remember: if you find a deal you can (probably) find the money for it!

    And more in the episode…

    If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).

    Links from the Show

    Real Estate Rookie Podcast

    Real Estate Rookie Youtube Channel

    BiggerPockets Forums

    Real Estate Rookie Facebook Group 




    Check the full show notes here: https://www.biggerpockets.com/blog/rookie-180

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    • 9 min
    From Freak to Financially Independent & Beating the Average Joe to $1M

    From Freak to Financially Independent & Beating the Average Joe to $1M

    Financial literacy is the first step to becoming a millionaire. Unfortunately, the US is a (relatively) financially illiterate country, so to become financially independent and add more zeros to your net worth, you have to self-educate. Fortunately, today’s guest has published a book and workbook that lays out exactly how to become a millionaire, even at a young age. 

    Dan Sheeks lives and breathes all things personal finance. He has been a high school teacher for twenty years and teaches young people everything he wishes he would have known about financial literacy. He teaches a variety of different business classes, ranging from entrepreneurship to personal finance to marketing. His passion for working with young people is what inspired him to write his book, First to a Million. In this book, Dan details nineteen “freakish” phrases to get you to your first million. Throughout the book, Dan emphasizes the need to be “freakish” and be willing to do the work everyone else won’t.

    Besides his role as a teacher and an author, Dan is also an investor. He house hacked his first property in 2004 but he didn’t truly get into investing until he met his wife seven years ago. Together they have expanded their real estate operation and have closed on seventeen units. Dan has dedicated his life to personal finance and financial literacy so if there’s a man to learn from— it’s him.

    In This Episode We Cover

    Achieving early financial independence and the steps you need to take to get there

    Good debt vs bad debt and how to use good debt to reach financial freedom 

    How to use First to a Million and the First to a Million Workbook to reach your financial goals

    The four mechanisms of financial independence and how to implement them in your life

    Navigating all nineteen phases of First to a Million and their timelines (it’s easier than you think!)

    How to introduce and entice your child about the world of personal finance & financial independence

    And So Much More!

    Links from the Show

    Ashley's Instagram

    Tony's Instagram

    BiggerPockets

    Real Estate Rookie Youtube Channel

    Real Estate Rookie Podcast

    Real Estate Rookie Facebook Group

    The Real Estate Robinsons Youtube Channel

    The BiggerPockets Podcast

    BiggerPockets Bookstore

    AJ Osbourne's Instagram

    Ally

    Real Estate Rookie Bootcamp

    Airbnb

    TurnoverBnB

    BiggerPockets Forums

     Connect with Dan:

    Dan's Email

    Dan's BiggerPockets Profile

    Dan's Linkedin 

    Dan's Instagram

    Dan's Website




    Check out the full show notes here: https://biggerpockets.com/blog/rookie-179

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    • 51 min
    Rookie Reply: Why Real Estate Debt Isn’t So Scary

    Rookie Reply: Why Real Estate Debt Isn’t So Scary

    This week’s question comes from Jessica through Tony’s Instagram direct messages. Jessica has seen what Tony and his wife Sara have been doing while building their short-term rental empire. But, Jessica is having some doubts. She’s asking: How do you invest in real estate when the idea of debt scares you? 

    Many new investors have this fear. If you’re buying your first property, the thought of five or six-figure debt may seem like a massive weight on your shoulders. After all, isn’t the goal to be debt-free? Fortunately for real estate investors, the answer is no. Using leverage to buy properties makes your investing far more profitable and can help you get comfortable when taking on good debt.

    Here are some suggestions:

    Scared of debt? Pay off your personal debt before you invest in rental properties 

    Think of debt as a tool that can help you build wealth with real estate 

    Know the difference between good debt and bad debt and how to use both

    Define your “worst-case scenario” if you’re unable to pay your rental mortgage 

    Use the BiggerPockets Calculators to calculate your rental property profits (especially when taking on debt!) 

    And more in the episode…

    If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).

    Links from the Show

    Real Estate Rookie Podcast

    Real Estate Rookie Youtube Channel

    BiggerPockets Forums

    Real Estate Rookie Facebook Group 

    Real Estate Rookie Podcast in Apple Podcast

    Irvine Company

    Sam Zell's Website




    Check the full show notes here: https://www.biggerpockets.com/blog/rookie-178

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    • 9 min

Customer Reviews

4.7 out of 5
1.2K Ratings

1.2K Ratings

Brandi18 ,

The Best!!

Love this podcast!! Ashley and Tony are so knowledgeable and such a wealth of knowledge. I really love the rookie reply episodes because they have been so relatable!! Thank you for all you do for us rookies!

azzurritifo ,

A series that has gone downhill

Like all businesses, the decline at some point and I believe we’ve reached that for the BP series. The rookie podcast seems like the normal BP podcast but 2.0. There is rarely anything rookie about this and some of the episodes. “Own 100 properties” is not rookie. But to be fair how much “rookie” stuff can they truly cover?

ZeissyD ,

Solid show!

Informative and fun to listen to. This is now one of my favorite BP podcasts, along with On The Market. Keep ‘em coming!

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