328 episodes
Real Estate Rookie BiggerPockets
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- Business
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4.7 • 1.6K Ratings
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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.
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10 Real Estate Deals in 18 Months After Losing 80% of His Income w/Matt Ramirez
Completing ten real estate deals in only eighteen months might seem ambitious for a rookie investor, but today’s guest had no choice after experiencing a MAJOR loss of income.
In this episode of the Real Estate Rookie podcast, we’re chatting with fitness mentor, professional stuntman, and new investor Matt Ramirez. Between his thriving health business and steady television stunt work, Matt and his family were in a good place financially. Then 2020 hit. With stay-at-home orders and the film industry shutting down, Matt was suddenly making just twenty percent of his usual income. Providentially, he discovered BiggerPockets, caught the real estate bug, and was determined to make a career out of flipping houses. But, like many rookie investors, Matt still had some tough lessons to learn along the way!
If financial hardship has thrown a wrench in your real estate journey, draw inspiration from Matt’s story. Despite struggling to get approved for financing early on and losing money on his third flip, Matt never gave up on his real estate dream. In this episode, he’ll show you how to find the best real estate deals, get financing with inconsistent income, and hire dependable contractors for your rehab projects!
In This Episode We Cover:
Scaling your real estate business FAST without a large income
Finding great real estate deals by leveraging your network
How to get a hard money loan as a first-time investor
DIY home renovation projects you can tackle yourself
The biggest red flags to look out for when hiring a contractor
And So Much More!
Links from the Show
Find an Agent
Find a Lender
Ashley's BiggerPockets Profile
Ashley's Instagram
Tony's BiggerPockets Profile
Tony's Instagram
Real Estate Rookie Facebook Group
Join BiggerPockets for FREE
Submit Your Real Estate Rookie Question!
DIY Real Estate Hacks That Will Save You a FORTUNE on Your Deals w/ Shaun Kelly
Flipping Houses: How to Get Started and Everything You Should Know
Get Information on Properties with PropStream
Connect with Matt:
Matt's BiggerPockets Profile
Matt's Instagram
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-323
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com
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Rookie Reply: Mortgage Write-Offs, Buying with an LLC, & Boozy Airbnb Gifts
Your new Airbnb is set up and ready to go. You’re just finishing up the welcome gift and slipping in a bottle of wine as a pleasant surprise for your guest. Oops…you might have just put yourself in a BAD position. On this week’s Rookie Reply, Ashley and Tony are getting into the moral muddiness of including boozy gifts in your welcome package, how to account for your mortgage interest expense, and when you should (and shouldn’t) buy a property in an LLC.
You’ve got the real estate questions; Ashley and Tony have the answers. But we’re not just debating whether your guests should crack a couple cold ones on your dime. We’ll also get into how to find past purchase prices for ANY home, a property tax breakdown with some tips to save you money, and the difference between appraised and assessed value.
If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE).
In This Episode We Cover:
Real estate LLCs: when they’re worth it, when they’re not, and who should use them
Mortgage interest write-offs and whether you should count your biggest monthly payment as an expense
Welcome gifts and whether or not adding alcohol could cause you trouble
Where to find past purchase prices for ANY property in your area
How property taxes are determined and why you want your appraisals HIGH and your assessed values LOW
And So Much More!
Links from the Show
Find an Agent
Find a Lender
Ashley's BiggerPockets Profile
Ashley's Instagram
Tony's BiggerPockets Profile
Tony's Instagram
Real Estate Rookie Facebook Group
Join BiggerPockets for FREE
Submit Your Real Estate Rookie Question!
Calculate Your Interest Write-Off with The BiggerPockets Rental Property Calculator
Do Landlords Need an LLC for Rental Property?
Mortgage Interest Deductions 101: What You Should Know
Look Up Past Property Prices: Invelo, & PropStream
Check Out Unforgettable Stays with Dell Collective
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-322
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com
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The Fast Track to Financial Freedom & Turning $29K into $1.5M by Doing THIS w/Joe and Andrea DelGrosso
If your end goal is financial freedom, investing in real estate is one of the best ways to get there. But, if you want to reach that goal sooner rather than later, you may need to leverage several strategies at once. Today’s guests were able to fast-track their journey to financial freedom by doing just that!
In this episode of the Real Estate Rookie podcast, we’re chatting with husband-and-wife real estate duo Joe and Andrea DelGrosso. Their investing journey started back in 2016 when they bought a single-family rental without knowing very much about real estate. Although they initially invested for some extra financial stability, their focus shifted in 2019. As they started tuning into BiggerPockets and educating themselves about real estate, they realized that there were ways to expedite their path to financial freedom—tapping into equity to turn tens of thousands into MILLIONS.
Today, the DelGrossos have a modest portfolio of ten properties. Stick around as they share how they were able to create multiple revenue streams from a single property, as well as why they made the transition from long-term rentals to short-term rentals. For rookies who are still deciding on which real estate strategy to use, they touch on everything from 1031 exchanges to BRRRRs and more!
In This Episode We Cover:
Reaching financial freedom faster by combining multiple investing strategies
How to create multiple streams of income from ONE property
How to get your spouse on board with real estate investing
Leveraging the equity in your properties to grow your portfolio FAST
How to avoid capital gains taxes using a 1031 exchange
And So Much More!
Links from the Show
Find an Agent
Find a Lender
Ashley's BiggerPockets Profile
Ashley's Instagram
Tony's BiggerPockets Profile
Tony's Instagram
Real Estate Rookie Facebook Group
Join BiggerPockets for FREE
Submit Your Real Estate Rookie Question!
Hear Our Recent Interview with Mike Michalowicz
Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments w/ Avery Carl
Achieving FI with Fewer Doors: The Small and Mighty Real Estate Portfolio w/ Chad Carson
Follow Lauren Mattina on Instagram
Connect with Joe and Andrea:
Joe's BiggerPockets Profile
Joe and Andrea's Instagram
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-321
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com
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How to Work LESS and Earn MORE by Putting "Profit First" in Real Estate w/Mike Michalowicz
We know what you want: more profit while working less in your real estate business. As a rookie, investing in real estate can sometimes seem like more trouble than it’s worth. But, a few simple adjustments can take HOURS off your plate while making you more money than you can imagine, as today’s special guest will demonstrate!
Welcome back to the Real Estate Rookie podcast! In this episode, we’re joined by Mike Michalowicz—serial entrepreneur, business coach, and multi-time best-selling author. Today, we’re dialing in on two of Mike’s books—Profit First and Clockwork—and discussing how they can help YOU in real estate. If you feel like you’re treading water with your real estate business, this is an episode you need to hear!
By turning the traditional profit formula on its head, Mike shows you how to rewire your brain and the way you think about profit. You’ll learn the importance of paying yourself first and building a buffer for the inevitable expenses you incur as a real estate investor. You’ll also learn about the first hire ALL business owners should make and how to free up more of your valuable time through the power of delegation.
In This Episode We Cover:
The importance of paying yourself first (flip the profit formula!)
How to start delegating tasks you don’t need to be doing
Determining a realistic amount to pay yourself from your property business
The first hire EVERY real estate business owner MUST make
Tools you NEED to effectively onboard a new virtual assistant
Improving your business and freeing up time with “captures”
And So Much More!
Links from the Show
Find an Agent
Find a Lender
Ashley's BiggerPockets Profile
Ashley's Instagram
Tony's BiggerPockets Profile
Tony's Instagram
Real Estate Rookie Facebook Group
Join BiggerPockets for FREE
Submit Your Real Estate Rookie Question!
Find Money, Partners, & Deals Using The “D.A.D System” w/ Mike Michalowicz
How to Guarantee Profit From Day 1 w/ Mike Michalowicz
Grab Your Copy of “Profit First” and “Clockwork”
Join Relay for Profit First Banking
Grab Your Copy of “Getting Things Done”
Follow Andrea Cwik on Instagram
Connect with Mike:
The Entrepreneurship Elevated Podcast
Mike’s Website
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-320
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 -
The Beginner’s Guide to Real Estate Development (with LOW Money Down!) w/Terry Harris
Getting into real estate development with low money down!? Many rookies assume that you need more money to develop, but there are a variety of ways to fund these projects. It all depends on how creative you’re willing to get! Today’s guest learned quickly that you don’t need a huge pile of cash to start building your own properties.
Welcome back to the Real Estate Rookie podcast! Today, we’re chatting with Terry Harris—a former professional basketball player turned real estate developer. When we last spoke with Terry, he was wholesaling real estate for a decent profit. Since then, he has transitioned into the development side of real estate and grown his business dramatically. Simply by bringing great land deals to developers and providing a valuable service, Terry was able to learn the ropes and gain enough knowledge to develop his own properties.
Whether you have huge dreams of building city skylines or an end goal of owning a rental property or two, you’ll want to hear Terry’s story. In this episode, he talks about how to find the best land deals, creative ways to fund projects, and how to assemble a top-tier development team. He also touches on our favorite topic as of late, partnerships, and how to bring real value to another investor when you don’t have the capital!
In This Episode We Cover:
How to become a real estate developer (without a ton of money!)
Funding your deals with construction loans (and paying less out of pocket!)
How to seamlessly pivot from one real estate strategy to another
Scaling your real estate business through the power of partnerships
Ways to bring value to a partnership deal beyond capital
How to assemble your DREAM team as a real estate developer
And So Much More!
Links from the Show
Find an Agent
Find a Lender
Ashley's BiggerPockets Profile
Ashley's Instagram
Tony's BiggerPockets Profile
Tony's Instagram
Real Estate Rookie Facebook Group
Join BiggerPockets for FREE
Submit Your Real Estate Rookie Question!
20 Deals in a Year as a Professional Basketball Player w/ Terry Harris
Grab Your Copy of “Real Estate Partnerships”
Get Information on Properties with PropStream
Follow Lady Gina on Instagram
Connect with Terry
Terry's BiggerPockets Profile
Terry's Instagram
Terry's YouTube
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-319
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 -
Rookie Reply: No Capital OR Credit? Get Deals Done with THIS Financing Tool
Don’t have the capital OR credit to invest? Seller financing is a powerful tool that could allow you to score multiple real estate deals without ever going through a bank. The best part? You can create your own terms! You just need to put together an effective pitch that wins the seller over. Today, we’ll show you how!
Welcome to another Rookie Reply! In addition to seller financing, Ashley and Tony cover several CRUCIAL real estate topics in this episode—from critical first steps to take before investing to closing costs—who pays for what? Does paying cash make a difference? Stick around to find out! Off the back of their new book, Real Estate Partnerships, they also tackle a couple of partnership-related questions—when it makes sense to get a partner and how to structure an agreement where both sides are compensated!
If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE).
In This Episode We Cover:
How to invest in real estate without capital OR credit
How to effectively pitch seller financing (and KEY terms to include!)
Three critical first steps to take before buying real estate
Buyer and seller responsibilities when it comes to closing costs
Accounting for sweat equity when setting up a partnership
How to structure a partnership agreement where both sides are fairly compensated
And So Much More!
Links from the Show
Find an Agent
Find a Lender
Ashley's BiggerPockets Profile
Ashley's Instagram
Tony's BiggerPockets Profile
Tony's Instagram
Real Estate Rookie Facebook Group
Join BiggerPockets for FREE
Submit Your Real Estate Rookie Question!
Grab Your Copy of “Real Estate Partnerships” and use code “TONY or “ASHLEY” for a Discount
The Definitive Guide to Using Seller Financing to Buy Real Estate
How to Buy a Rental Property with NO Money OR Credit
Follow Artina Marie on Instagram
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-318
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
Customer Reviews
My Favorite REI Podcast Right Now
I’ve been listening to the Original BP Podcast for years and I also love the On The Market Podcast, but I find myself gravitating towards the Rookie Podcast more and more everyday. They cover all the details and strategies a rookie investor would need to know and I love hearing the challenges people have ran into and overcome on their journey’s. Not to mention Ashley and Tony compliment each other very well. Keep it up guys, you’re helping more people than you know!
Review as Written by Myself in 5 years
Review as written by myself in the year 2028
This podcast completely changed the trajectory of my life, my family’s life, and my friends’ lives. Five years ago, I felt stuck in an uninspiring, corporate job, but Tony, Ashley, and the podcast’s guests brought me the knowledge, confidence, and motivation to take daily action towards my goal of obtaining financial freedom through real estate investing. The podcast’s weekly inspiration, along with my daily actions led me to where I am today, which is financially free with 15 doors. Without this podcast, I wouldn’t have known about or had the confidence to execute the multitude of strategies that I used to build my real estate portfolio. This show truly taught me everything, including, but not limited to, deal sourcing, structuring, financing, acquisition, management, and the numerous strategies associated with each. I have now been able to spread my knowledge and love for real estate investing to family and friends, who are now on their own paths to financial freedom. Who would’ve thought that a podcast, daily action, and Tony reading this review during the introduction of a podcast episode, and therefore making me accountable to the thousands of listeners, would have led me to where I am today? Thank you Tony and Ashley!
- Frank
Like, sorta, you know, kinda sloppy
Admittedly I have a pet peeve over people who use the above filler words excessively and I recognize there is a time and place where each serves a useful purpose but I find it impossible to focus on their content when every single sentence is chocked full of these mitigating words. It’s strikes me as lazy language: instead of considering what they are trying to convey, the hosts (and many of their guests) like, kinda, sorta, you know their way through the interviews. And that, like, you know, sorta, you know, rubs me, like, the wrong kinda way. Language has meaning and when 15+% of the language used by these podcasters serves no purpose other than to pause the topic at hand, it perturbs the focus one would otherwise have.
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