Real Estate Rookie BiggerPockets

She read Rich Dad Poor Dad, got angry at herself for not having built multiple income streams... and decided to do something about it!

Tricia Baxter is a real estate rookie who got in the game in her mid-40s. In this episode, she shares how she built a healthy portfolio of small multifamily properties on the Jersey Shore.

Tricia's a busy professional with her own law practice, but she still decided to self-manage when she got started—namely, to learn the ropes and create standard operating procedures, which came in handy when she eventually hired a property manager (spoiler: that's her MVP!).

This episode is full of great tips for anyone who aspires to treat their real estate investing like the business it is!

In This Episode We Cover:Self-managing your first property as a learning exerciseWhy Tricia chose to buy long-term rentals in a touristy areaHow she finds great vendors using private Facebook groupsHow to handle raising below-market rentsHer tips for financing deals creativelyJuggling real estate with a demanding careerThe importance of multiple income streamsAnd SO much more!Links from the ShowReal Estate Rookie Facebook GroupFelipe's InstagramAshley's InstagramBiggerPockets PodcastTony RobbinsRobert KiyosakiBiggerPockets InsightsBiggerPockets Wealth MagazineBiggerPockets CalculatorsCheck the full show notes here: http://biggerpockets.com/rookie18

From humble beginnings... to Division 1 football, military service, and now three rental properties in his 20s!

Derrick Ziglar Jr. is a man on a mission, and today he shares how he converted a wrong turn into a $30K duplex purchase that kick-started his journey toward generational wealth.

If you're interested in securing your financial future, then don't miss Derrick's tips on how he finds deals, how he uses a personal line of credit, and the lessons he's learned about managing contractors.

Plus, we go in-depth on how he built a life-changing relationship with a mentor/father figure and the importance of casting a long-term vision for your real estate business—no matter your goals.

Derrick is an impressive rookie investor, and he doesn't hold back in this one... so hit play now. And if you enjoy this episode, please leave us a rating and review in Apple Podcasts!

Links from the ShowReal Estate Rookie Facebook GroupFelipe's InstagramAshley's InstagramBiggerPockets PodcastZillowRedfinAudibleThe Biggerpockets MagazineRookie Podcast 15: 5 Steps to Reach Financial Freedom in 15 Years Through Long-Distance Investing With Elyse RasmussenRobert KiyosakiGrant CardoneCheck the full show notes here: http://biggerpockets.com/rookie17

What better way to learn a concept than a real-life, real-time case study?

Today, we listen in on rookie investor Jamie Gallagher as he compares and contrasts two markets. Meanwhile, BiggerPockets' data wiz David Meyer is there to walk him (and us) through the numbers.

You'll learn how to use population growth, rent-to-price ratio, rent-to-income ratio, and historical performance to weigh the pros and cons of various markets so you can compare apples to apples.

These aren't the only factors to consider, but this episode will give you a solid grasp of the basics and put you way ahead of most investors in your search for a market that makes sense for you and your goals.

Be sure to check out BPInsights, the new Pro member benefit bringing you fresh, local real estate data, at biggerpockets.com/insights (use the promo code "ROOKIES" for a discount if you're upgrading to Pro!). And you can find more of David's work in BiggerPockets Wealth magazine at biggerpockets.com/magazine.

In This Episode We Cover:The most important data points to consider when choosing a marketWhat rent-to-price ratio isWhat rent-to-income ratio isHow to look at a market's performance throughout economic cyclesHow job and population growth affects appreciationWhat types of employers to look forQuality of life factorsAnalysis of Cleveland vs. Columbus, OhioAdvice for a future house hackerAnd SO much more!Links from the ShowReal Estate Rookie Facebook GroupFelipe's InstagramAshley's InstagramBiggerPockets PodcastRookie Podcast 15: 5 Steps to Reach Financial Freedom in 15 Years Through Long-Distance Investing With Elyse RasmussenBiggerPockets Wealth MagazineBiggerPockets ProCase-Shiller IndexBiggerPockets InsightsZillowBiggerPockets CalculatorsBiggerPockets Podcast 379: What the Numbers Reveal About Today’s Rents, Prices, and Top Cashflow Markets with Data Scientist Dave Meyer Check the full show notes here: http://biggerpockets.com/rookie16

In 2017, she had done zero deals. Today, she's got 20 units and is nearing her goal of financial freedom by age 45.

In this episode, Elyse Rasmussen shares five tips for rookies interested in long-distance investing... although each can easily be applied to investing in your own backyard, too.

Check out her Instagram page @investingforfinancialfreedom for some #landlordmemes, and be sure to join the Real Estate Rookie Facebook group to tell us what you think of this episode!

In This Episode We Cover:Elyse and her husband's plan to reach financial freedom by age 45What to look for when choosing a market out of state (climate, natural hazards, tax policies, etc.)Joining a network of long-distance investors to find referralsFinding and vetting a dual property manager/real estate agentHer approach to insurance policies for 19 propertiesBuying properties at online auction, step by stepAnd SO much more!Links from the ShowReal Estate Rookie Facebook GroupFelipe's InstagramAshley's InstagramBiggerPockets PodcastHow to Buy Real Estate & Build Your Portfolio Fast! ("The Stack!")Marshall ReddickBiggerPockets GlossaryBiggerPockets GuestNational REIAMeetup AppBiggerPockets Events and HappeningsBrandon Turner's BiggerPockets ProfileAuction.comXomeCashflow Quadrant


Check the full show notes here: http://biggerpockets.com/rookie15

Between his career and a podcasting side hustle, Robert Leonard's a busy guy. So how does he—and how can you—build a small but mighty rental portfolio in your spare time?

For Robert, it comes down to 4 major elements:

1. Use a series of house hacks to lower expenses and build equity.

2. Find an MVP real estate agent.

3. Align with a partner.

4. Invest out-of-state.

In this episode, Robert goes into detail on each of the above and explains how they helped him break through "analysis paralysis" in his early 20s. If you pick just one of these strategies and do it well, you'll be way ahead of the game. When you combine several, you're on your way to financial freedom.

Be sure to check out Robert's two podcasts, Millennial Investing and Real Estate Investing over on The Investor's Podcast Network, and subscribe to Real Estate Rookie so you won't miss our next show.

Links from the ShowReal Estate Rookie Facebook GroupFelipe's InstagramAshley's InstagramRookie Podcast 11: Using Home Inspections to Spot “Deal Killers” and Negotiate Better Prices with Rose BuckleyBiggerPocketsREI013: Getting Started in Rentals and Flips With J ScottCity DataAxiom BankBiggerPockets BookstoreBiggerPockets PodcastCozyStessaBiggerPockets Podcast 383: Finding Your Perfect Partner and the Top 6 Factors When Choosing a Market with Ben Leybovich & Sam GroomsZillowCheck the full show notes here: http://biggerpockets.com/rookie14

Everything you've ever wanted to know about direct-to-homeowner marketing... but may have been afraid to ask!

From exactly what Drew writes in a letter, to how he builds rapport when running an appointment, to making offers and getting to the closing table, it's all here in plain English.

This episode follows up on show #9, where mentor/mentee duo Ryan Dossey and Drew Wiard broke down how Drew built a brand and zeroed in on his target market. Today, they walk us through everything that happens after a lead comes in, including how Drew was able to close three deals and get three more under contract in the past three months—despite the pandemic.

If you're tired of seeing all the good deals go to other investors, take matters into your own hands and put some of their tips into action! And be sure to subscribe to Real Estate Rookie in your favorite podcast app so you won't miss the next one.

In This Episode We Cover:Drew's results from his first direct mail campaignMarketing to an "absentee owners with equity" listKeeping your marketing message simpleWhy Drew's letters don't acknowledge the homeowner's hardshipWhy response rate is the wrong metric to focus onUsing "75% of ARV minus repairs" to formulate offersOvercoming objections when you're negotiating a pricePutting an inspection period in your contractFinding real estate agents who work with cash buyersDrew and Ryan's personal real estate investing MVPs And SO much more!Links from the ShowReal Estate Rookie Facebook GroupFelipe's InstagramAshley's InstagramRookie Podcast 09: Finding Off-Market Deals, Step by Step with Ryan Dossey (Mentor) and Drew Wiard (Mentee)—Part 1Rookie Podcast 12: What Works (and Doesn’t) in a Recession & the Untold Story of J Scott’s Messy First FlipRookie Podcast 11: Using Home Inspections to Spot “Deal Killers” and Negotiate Better Prices with Rose BuckleyBuild The BEST Cash Buyers List In 2020 (Ryan's Video)PropStreamREsimpli Check the full show notes here: http://biggerpockets.com/rookie13