Episodios

  • From Zero to $8,000/Month Cash Flow in Just 2 Years (While Working a W2)

    From Zero to $8,000/Month Cash Flow in Just 2 Years (While Working a W2)
    Apr 28 2025
    Growing to $8,000 in monthly cash flow and 35 rental units—all while working a W2 job?! Just two years ago, today’s guest knew nothing about real estate investing. But he found a deal and brought it to someone with money, and this single move launched his investing journey. Want to do the same, starting from zero? Then you don’t want to miss this one! Welcome back to the Real Estate Rookie podcast! Luke Tetreault was miserable at his W2 job. When he had finally reached his breaking point, he decided to take a swing at real estate—and at first, it wasn’t pretty. Without any investing knowledge or experience, Luke found his first property on Facebook Marketplace and didn’t even have the money to close it himself. So, he reached out to an old contact, who ended up funding the deal. Over time, he grew his network until he had contractors and private money lenders for all his deals! He started with a single-family home, but his most recent deal? An 18-unit mobile home park he bought with creative financing. Stick around as Luke teaches you how to find off-market deals no one’s looking for, use your everyday hobbies to build out your investing team, and scale your portfolio starting with little to no cash! In This Episode We Cover How Luke scaled to $8,000 in monthly cash flow and 35 units (in TWO years) Boosting your cash flow by pivoting to another investing strategy Buying an 18-unit mobile home park with zero money out of pocket Creative ways to find off-market real estate deals at a deep discount Two signs you’re ready to leave your W2 job for real estate investing Leveraging your own hobbies and passions to build your investing team And So Much More! Check out more resources from this show on ⁠BiggerPockets.com⁠ and ⁠https://www.biggerpockets.com/blog/rookie-554 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
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    40 m
  • 2 Biggest Hurdles to Your First Rental (& How to Get Past Them) (Rookie Reply)

    2 Biggest Hurdles to Your First Rental (& How to Get Past Them) (Rookie Reply)
    Apr 25 2025
    Finding the right rental property isn’t easy. It needs to fit your budget and buy box, and if you’re house hacking, you’ll want to buy in a neighborhood you’re comfortable living in. These are just a few of many roadblocks rookies face, but we’re going to show you how to thread the needle in today’s episode! Welcome to another Rookie Reply! We’re back with more questions from the BiggerPockets Forums and the Real Estate Rookie YouTube channel, and first up, we’ll hear from an investor who is struggling to find a property that checks all the right boxes. Should they settle for what they can afford or save up for something better? Should they shop around for different types of financing? Stay tuned to find out! We’ll also hear from an investor who wants to use the home equity from their first rental property to help buy their next one. Should they get a HELOC (home equity line of credit), use a cash-out refinance, or sell their property? We’ll weigh the pros and cons and help them make the smartest move. Finally, if you own rentals for long enough, you’re bound to have friction with neighbors. We’ll show you how to defuse tension and build rapport! Looking to invest? Need answers? Ask your question here! In This Episode We Cover The biggest hurdles new investors face when buying their first rental property Settling for the property you can afford versus saving for something better Narrowing down the right neighborhood for your first house hack Three ways to tap into the equity you’ve built up in your property How to find the right financing for your first real estate deal The best ways to respond to neighbor complaints (that build rapport) And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-553 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
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    36 m
  • Making $8K/Month and Quitting His W2 with 2025’s Ultimate Cash Flow Strategy

    Making $8K/Month and Quitting His W2 with 2025’s Ultimate Cash Flow Strategy
    Apr 23 2025
    A traditional rental property gives you one stream of income, but what if you could multiply that cash flow by two, three, four, or more times? You’re about to get a masterclass on the co-living strategy, and to help break it all down, we brought on someone who not only quit their job with this model but also wrote the book on it! Welcome back to the Real Estate Rookie podcast! Co-living is making waves in 2025, but it’s not just a fleeting trend or gimmick. This is an investing strategy with real staying power, and you’re about to find out why. Today, we’re joined by Miller McSwain, a nuclear rocket scientist turned real estate investor and author of the brand-new book, Co-Living Cash Flow. Miller’s six-property portfolio brings in a whopping $8,000 in monthly cash flow, which has allowed him to quit his nine-to-five and focus on real estate full-time! In this episode, Miller will tell you everything you need to know about co-living—including how to pick your market, analyze properties, and convert unused square footage into rentable space. He’ll also provide some potentially property-saving tips, like how to reduce turnover and keep renters living in harmony! In This Episode We Cover The secrets Miller used to scale to six properties and $8,000 in monthly cash flow Everything you need to know before using the co-living strategy in 2025 Three ways to determine whether a new strategy will work in your market How to make more income by converting unused space into extra rooms Why co-living has staying power and will likely avoid an Airbnb-like “crackdown” The keys to happy renters, longer leases, and minimal tenant turnover And So Much More! Links Mentioned in the Show BiggerPockets Agent Finder BiggerPockets Calculators Real Estate Rookie 486 - Quitting His Job with Real Estate After Cracking the Cash Flow Code w/Miller McSwain Miller’s Room Rent Calculator Miller’s Instagram Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-552 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
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    47 m
  • Making $13,000/Month Cash Flow from ONE Rental and ONE Business in ONE Year

    Making $13,000/Month Cash Flow from ONE Rental and ONE Business in ONE Year
    Apr 21 2025
    Want to leave your nine-to-five for a “job” that gives you more time, flexibility, and potentially more money? Rentals could be your golden ticket to financial freedom. After tragedy turned her world upside down, today’s guest went all in on real estate investing. Just ONE year later, she makes $13,000 in monthly cash flow and has waved her W2 goodbye! Welcome back to the Real Estate Rookie podcast! Shortly after buying her first rental property, Allison Craft lost her brother in a tragic accident. With a new perspective on life, she decided to chase after what she valued most—more time with her young family. With just one short-term rental and a new co-hosting business, she now brings in more income than she ever did at her corporate finance job of 10 years! In this episode, Allison shares how she bought, renovated, and furnished her first rental property with limited cash and launched a real estate business that cash flows close to $10,000 a month. If you want to do the same—build a profitable business without owning rentals—stay tuned because Allison has the secrets to finding clients and scaling fast! In This Episode We Cover: How Allison scaled to $13,000 in monthly cash flow (in just ONE year) Building a profitable real estate business from scratch (step by step) How to make money in real estate without owning rental property When to quit your W2 job and go “all in” on real estate investing Fast-tracking your investing journey with networking and mentorship And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPockets Profile Join BiggerPockets for FREE Real Estate Rookie Facebook Group Real Estate Rookie YouTube Follow Real Estate Rookie on Instagram Ask Your Question for a Future Rookie Reply “Like” Real Estate Rookie on Facebook Follow Real Estate Rookie on Instagram BiggerPockets Agent Finder BiggerStays YouTube Channel Garrett’s Instagram Allison’s Website Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-551 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
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    48 m
  • How to MAX Out Your Cash Flow Per Property with “The New Airbnb” (Rookie Reply)

    How to MAX Out Your Cash Flow Per Property with “The New Airbnb” (Rookie Reply)
    Apr 18 2025
    Great cash flow is hard to come by in this market, but fortunately, there’s a strategy that can help you maximize your property’s rentable space and profits. In this episode, we’ll show you how to convert your own rental property for co-living or renting-by-the-room! Welcome to another Rookie Reply! Tony and guest co-host Garrett Brown are diving back into the BiggerPockets Forums, and first up, we have a question about one of 2025’s up-and-coming strategies—co-living. This rookie investor wants to maximize the amount of cash flow their property can earn, so we’ll steer them in the right direction with the best arrangement and profitable value-add ideas! Then, we’ll hear from an investor who already has their investing strategy and financing lined up but can’t decide where to invest. We’ll share some crucial market analysis advice and some potentially property-saving tips for managing their rental from afar. Stick around till the end for a question we’ve never been “axed” before, which involves a dangerous short-term rental amenity and potential lawsuit! Looking to invest? Need answers? Ask your question here! In This Episode We Cover: Boosting your cash flow with the co-living and rent-by-the-room strategies Value-add renovations that create more rentable space on your property The three keys to a profitable out-of-state investing operation How to properly analyze a market for short-term rentals Must-avoid Airbnb amenities that could get you into legal trouble And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPockets Profile Join BiggerPockets for FREE Real Estate Rookie Facebook Group Real Estate Rookie YouTube Follow Real Estate Rookie on Instagram Ask Your Question for a Future Rookie Reply “Like” Real Estate Rookie on Facebook Follow Real Estate Rookie on Instagram BiggerPockets Agent Finder BiggerStays YouTube Channel AirDNA PriceLabs Breezeway Garrett’s Instagram Pre-Order the Book, “Co-Living Cash Flow” Sign Up for the Real Estate Rookie Newsletter Find an Investor-Friendly Agent in Your Area Real Estate Rookie 447 - Making $300K+ Profit Per Rental and Scaling FAST with “DADUs” Connect with Garrett Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-550 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
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    33 m
  • Playing the Real Estate “Long Game” with 10 “Boring” Rental Properties

    Playing the Real Estate “Long Game” with 10 “Boring” Rental Properties
    Apr 16 2025
    If you bought and held 10 rental properties—each being paid down by tenants—imagine where you would be 10, 20, or 30 years from now. Financially free? Retired? Today’s guest isn’t worried about cash flow or making a quick buck. He’s using a proven, repeatable formula to build wealth with real estate, and in this episode, he’ll show YOU how to mirror his success! Welcome back to the Real Estate Rookie podcast! Zach Stanley went from selling printers to buying a pair of rentals without really knowing what he was getting into. Now, at just 28 years old, Zach already has 10 properties to his name and over $1 million in total equity. The cherry on top? He brings in $3,500 in monthly cash flow, even though he’s playing “the long game” with his investments. This allows him to reinvest his profits, save for down payments, and scale his real estate portfolio faster! In today’s episode, Zach will show you how to find great real estate deals with “conservative” analysis and share the number one mistake new investors make when looking for properties. You’ll also learn why appreciation beats cash flow, especially if you want to scale quickly and build long-term wealth! In This Episode We Cover: How Zach scaled to 10 rental properties and over $1 million in equity Reinvesting your cash flow to build your real estate portfolio faster The massive advantage you gain by teaming up with an investor-friendly agent The rookie’s biggest “blind spot” when analyzing real estate deals Why a sales job can help prime you for real estate investing success And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPockets Profile Join BiggerPockets for FREE Real Estate Rookie Facebook Group Real Estate Rookie YouTube Follow Real Estate Rookie on Instagram Ask Your Question for a Future Rookie Reply “Like” Real Estate Rookie on Facebook Follow Real Estate Rookie on Instagram Automate your real estate finances with banking and AI-powered bookkeeping. Claim your $100 bonus! Grab the Book, “Pillars of Wealth” Sign Up for the Real Estate Rookie Newsletter Find an Investor-Friendly Agent in Your Area Real Estate Rookie 537 - BUILD, Don’t Buy: The Rookie-Friendly Investing Strategy with 6-Figure Upside Connect with Zach BiggerPockets Agent Finder BiggerPockets Calculators Zach’s Instagram Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-549 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
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    48 m
  • $5,000/Month Cash Flow from 3 Small Multifamily Properties in JUST 5 Years

    $5,000/Month Cash Flow from 3 Small Multifamily Properties in JUST 5 Years
    Apr 14 2025
    Making $65,000 in yearly cash flow from three rental properties?! Today’s guests are on a mission to create generational wealth, and they’re doing it with an investing strategy YOU can use to scale your real estate portfolio fast, too—small multifamily properties! Welcome back to the Real Estate Rookie podcast! Daniel and Rebeca Hawthorne didn’t come from money, but they’re looking to reverse that trend and give their family a much better life. In just FIVE years, they have built a small multifamily portfolio of 32 rental units. How did they do it? In this episode, they’ll share how they leveraged home equity to buy their first, second, AND third rental property! Of course, it hasn’t all been smooth sailing. Daniel and Rebeca have had a few tenant horror stories, including one that involves a fraudulent caretaker and over $30,000 in property damage. But despite all the hurdles and growing pains, they’re building massive wealth by amassing units and slowly converting long-term rentals into medium-term rentals for higher cash flow. Stay tuned to hear their full story from childhood poverty to financial freedom! In This Episode We Cover How Daniel and Rebeca scaled to 32 rental units in just FIVE years The blueprint to create generational wealth with small multifamily real estate Leveraging your home equity to fund investment property down payments How to defer capital gain taxes on your property sale with a 1031 exchange Freeing up your time, energy, and ability to scale by hiring a property manager And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-548 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
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    45 m
  • 3 Things YOU Can Do to Find More Real Estate Deals That Cash Flow (Rookie Reply)

    3 Things YOU Can Do to Find More Real Estate Deals That Cash Flow (Rookie Reply)
    Apr 11 2025
    You’ve got some money. You’ve got your strategy. You’ve even analyzed a bunch of rentals. But you still can’t find real estate deals that cash flow. What gives? Today, we’re going to share three things YOU can do to turn more “okay” deals into great deals! Welcome to another Rookie Reply! We’re back with more questions from the BiggerPockets Forums, the best place to ask your questions and get top-notch advice from other investors. First, it can be disheartening to analyze rental properties and come up dry, but we’ve got a few simple adjustments that could change your fortune. We’ll also hear from an investor who’s worried about an appraisal that could break their deal and show them how to use it to their advantage instead! Finally, we’ll share the number one investing strategy all newbies should be paying attention to in 2025. This is a low-risk way for any beginner to break into real estate investing. The best part? It can be seriously profitable! Looking to invest? Need answers? Ask your question here! In This Episode We Cover: Three things you can do to find real estate deals that cash flow The number one thing new investors get wrong when analyzing properties Getting an even better deal by using an appraisal to negotiate with sellers The “hottest” investing strategy beginners need to pay attention to in 2025 How to “soup up” your cash flow with co-living and rent-by-the-room And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPockets Profile Join BiggerPockets for FREE Real Estate Rookie Facebook Group Real Estate Rookie YouTube Follow Real Estate Rookie on Instagram Ask Your Question for a Future Rookie Reply “Like” Real Estate Rookie on Facebook Follow Real Estate Rookie on Instagram BiggerPockets Agent Finder BiggerPockets Calculators Real Estate Rookie 195 - Financially Free in 2.5 Years by Buying “Low Risk” Rental Properties Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust Ask Your Question for a Future Rookie Reply Grab the Book “Real Estate by the Numbers” Sign Up for the Real Estate Rookie Newsletter Find an Investor-Friendly Agent in Your Area Real Estate Rookie 265 - Making $90K/Year with Just ONE Rental by Combining Compassion and Cash Flow Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-547 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
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    36 m
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