Episodes

  • How to Hire a Virtual Assistant for Real Estate Investing for Just $5/Hour w/Valentina Brega

    How to Hire a Virtual Assistant for Real Estate Investing for Just $5/Hour w/Valentina Brega
    Sep 23 2024
    Want to work less, make more, and do it all by spending as little as five dollars per hour? Great! You’ll need to know how to hire a virtual assistant for real estate investing. Doing so can free up hours (or even days) of your time per week, letting someone else, who might have even more experience than you, help grow your business/real estate portfolio while YOU focus on the things YOU do best. Not only that, virtual assistants are often cheaper, faster, and better at tasks you've considered only for full-time employees. We use virtual assistants daily in our real estate businesses and wouldn’t accomplish half as much as we do without them. These crucial team members are so integral to growing your real estate portfolio that we decided we needed an entire episode dedicated to them. So, we brought a former virtual assistant, now leader of HireTrainVA.com, Valentina Brega, to the show to share her advice on vetting, hiring, and training a top-tier (but surprisingly affordable) virtual assistant. Valentina stresses (and we agree) that EVERY rookie real estate investor NEEDS a virtual assistant to scale faster. She'll teach you when the right time to hire one is, exactly how much they cost, what type of work you should delegate out to a virtual assistant, where to find a virtual assistant, and the virtual assistant-vetting checklist you can use to find one who will help take your business to new heights! In This Episode We Cover: How to get the highest return on investment (ROI) from renovations and amenities Converting your short-term rental into a medium-term or long-term rental How to choose the best investing strategy for your market (and when to pivot!) The best exit strategies for a BRRRR (buy, rehab, rent, refinance, repeat) When to use a home equity line of credit (HELOC) versus a cash-out refinance And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPokckets Profile Join BiggerPockets for FREE Do More as a Rookie with “The Self-Managing Landlord” Property Manager Finder See Ashley and Tony at BPCON2024 in Cancun! Hire a Virtual Assistant for These 21 Tasks (& Supercharge Your Productivity!) Connect with Valentina Be a Real Estate Rookie Guest! Work with Valentina’s Team! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-461 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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    39 mins
  • Boost Your Rental Returns with These High-ROI Renovations (Rookie Reply)

    Boost Your Rental Returns with These High-ROI Renovations (Rookie Reply)
    Sep 20 2024
    Do you want extra cash flow? Higher appreciation? More bookings? A few high-ROI renovations or new amenities could pay off in a HUGE way. But which projects will give you the best bang for your buck? Stay tuned because we’re sharing some of our favorite additions in this episode! Welcome back to another Rookie Reply! Are you using the wrong investing strategy? Maybe short-term rental regulations are cutting into your revenue, or your long-term rental isn’t cash-flowing. We’ll discuss how to choose the best strategy for your market, when to pivot, and how to flex between multiple strategies for the highest return. Finally, we’ll dive into the BRRRR method (buy, rehab, rent, refinance, repeat) and compare several exit strategies for tapping into your home equity—from cash-out refinancing to DSCR (debt service coverage ratio) loans! Looking to invest? Need answers? Ask your question on the BiggerPockets Forums! In This Episode We Cover: How to get the highest return on investment (ROI) from renovations and amenities Converting your short-term rental into a medium-term or long-term rental How to choose the best investing strategy for your market (and when to pivot!) The best exit strategies for a BRRRR (buy, rehab, rent, refinance, repeat) When to use a home equity line of credit (HELOC) versus a cash-out refinance And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPokckets Profile Join BiggerPockets for FREE Ask Your Question on the BiggerPockets Forums Buy “The Book on Estimating Rehab Costs” Find Investor-Friendly Lenders See Ashley and Tony at BPCON2024 in Cancun! 11 Ways to Increase the Value of Your Home or Investment Property in 2024 (00:00) Intro (00:46) High-ROI Renovations (11:19) Converting Short-Term Rentals (18:18) BRRRR Exit Strategies (27:56) Post Your Question! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-460 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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    35 mins
  • Passive Investing 101: A Passive Path to Profit, Appreciation, & Tax Benefits

    Passive Investing 101: A Passive Path to Profit, Appreciation, & Tax Benefits
    Sep 18 2024
    Visit PassivePockets, your resource for passive investing with syndications. Do you want to get into real estate without managing rentals and dealing with tenants? Passive real estate investing could be the answer. In this episode, we’ll explore an investing strategy that allows you to enjoy all of the profits, appreciation, and tax benefits of real estate investing without the headaches of ownership! Welcome back to the Real Estate Rookie podcast! Today, we’re joined by Jim Pfeifer, host of the new PassivePockets podcast. Like many investors, Jim used to self-manage his rentals, collect rent, and handle typical landlord duties—only to find that he wasn’t very good at it. Even after hiring a property manager, his problems didn’t go away. So, after he’d had enough, he gave up active investing altogether and poured all of his capital into real estate syndications instead. Now, he doesn’t have to worry about clogged toilets or evictions. He just sits back and collects a check! In this episode, you’re going to learn everything you need to know about syndication investing and why it’s the perfect way to diversify your real estate portfolio. Jim will show you how to find and vet a syndicator, leverage your retirement accounts, respond to “capital calls,” and more! In This Episode We Cover: The pros and cons of passive investing versus active investing Why it’s MUCH easier to diversify your portfolio with passive investments Capital calls explained (and what to do when an operator requests funds) How passive investing returns compare to active investing returns Why the tax benefits are often better with passive real estate investments The number one thing you must do when vetting a syndicator How to find more syndication opportunities for non-accredited investors And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPokckets Profile Join BiggerPockets for FREE Buy the Book “The Hands-Off Investor” Find an Investor-Friendly Agent in Your Area See Ashley and Tony at BPCON2024 in Cancun! What Is Passive Real Estate Investing and Is It Right for You? Connect with Jim (00:00) Intro (02:18) Passive Investing 101 (06:40) Pros and Cons of Passive Investing (09:32) What Are Capital Calls? (18:00) Passive Investing Returns (21:48) How to Get Started (28:10) Raising Capital to Invest (32:42) Find Your Community! (34:14) Connect with Jim! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-459 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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    42 mins
  • The Secret to Scaling Your Real Estate Portfolio That Most Investors Miss w/Kathy & Rich Fettke

    The Secret to Scaling Your Real Estate Portfolio That Most Investors Miss w/Kathy & Rich Fettke
    Sep 16 2024
    One rental property could give you a little cash flow, but if you want to reach financial freedom, quit your nine-to-five, and even retire early, you’ll need to scale your real estate portfolio. This might seem like a daunting task, but in today’s episode, we’ll show you how to go from a novice investor to a wealth-building entrepreneur! Welcome back to the Real Estate Rookie podcast! Off the back of their latest book, Scaling Smart, Kathy and Rich Fettke join the show to share their best secrets for building a sustainable real estate business. Successful investors manage their portfolios like full-fledged businesses, so whether you’re still searching for your first deal or struggling to scale up, we’ll show you all of the systems, processes, teams, and tools you should implement now to prepare for the future. In this episode, you’ll learn the crucial difference between growing and scaling your portfolio, as well as the number one mistake rookies make when attempting to scale. You’ll also hear about some creative ways to fund more deals, and, finally, the keys to a recession-proof investing strategy! In This Episode We Cover: Building a real estate portfolio that supports your long-term investing goals The number one mistake rookies make when scaling (and how to avoid it!) The difference between growing and scaling your real estate business Key systems, processes, and teams to implement in your business today How to set up your business to survive an economic downturn When to make the FIRST hire for your business (and who it should be!) Creative strategies to help you fund more real estate deals And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPokckets Profile Join BiggerPockets for FREE On the Market Emergency Preparedness Plan Buy the Book “Good to Great” Buy Kathy & Rich’s New Book “Scaling Smart” Find Investor-Friendly Lenders See Ashley and Tony at BPCON2024 in Cancun! How to Build a Real Estate Portfolio & Quickly Scale Your Investments Connect with Kathy Connect with Rich (00:00) Intro (01:15) Growing vs. Scaling (03:35) First Steps to Scaling Up (11:18) Common Financing Challenges (17:27) Building Systems & Teams (27:01) Hiring the Right People (30:26) How to Survive a Downturn (37:36) Connect with the Fettkes! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-458 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 mins
  • Rookie Reply: The Best Property Types and Amenities for Short-Term Rentals

    Rookie Reply: The Best Property Types and Amenities for Short-Term Rentals
    Sep 13 2024
    Analyzing Airbnbs is tough, especially for a new investor. Which properties make the best vacation rentals? Which amenities should you prioritize? Do you need an exit strategy if things go south? Stay tuned as we show you how to get the best possible return on your short-term rentals! Welcome back to another Rookie Reply! Leveraging home equity is one of the easiest ways to build and scale a real estate portfolio, and in this episode, we’ll share some creative strategies you can use to tap into this money—without selling your property. Next, we’ll dive into one of the biggest hurdles standing between a rookie and their first rental property—money. If you need outside-of-the-box solutions to help finance your first deal, we’ll show you how to use other people’s money through partnerships, borrow against your 401(k) or brokerage account, or work your business into the deal! Looking to invest? Need answers? Ask your question on the BiggerPockets Forums! In This Episode We Cover: The BEST property type and amenities for a short-term rental How to get the highest return on investment from your Airbnb How to pull equity out of a paid-off rental property (without selling it) How to fund your next real estate deal using other people’s money (OPM) Using your 401(k), brokerage account, or business to help finance properties And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPokckets Profile Join BiggerPockets for FREE Ask Your Question on the BiggerPockets Forums Buy the Book “Real Estate Partnerships” Find Investor-Friendly Lenders See Ashley and Tony at BPCON2024 in Cancun! Real Estate Rookie - Episode 408: Fundamentals of Funding: How to Find the Right Lender for Your Next Rental (00:00) Intro (00:54) How to Analyze Airbnbs (08:42) Using Home Equity 101 (16:36) Funding Your First Deal (26:49) Post Your Question! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-457 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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    35 mins
  • Scaling to 10 Rentals in 2 Years & $6K/Month Cash Flow with Low Money Down

    Scaling to 10 Rentals in 2 Years & $6K/Month Cash Flow with Low Money Down
    Sep 11 2024
    What’s stopping you from investing in real estate? Money? What if there was a profitable rental you could buy with just $500 down? Well, today’s guest has found the perfect investment for rookies—a low-money, low-maintenance, low-risk rental that can cash flow as much as many single-family homes! Welcome back to the Real Estate Rookie podcast! JJ Williams only had to pay a $500 deposit to secure an asset that cash flows over $2,000 some months. And this home-run investment was just the start of his real estate journey. As you’re about to find out, JJ has gone on to purchase ten doors across three properties in just two years, focusing on providing short-term rental “experiences” that command the highest Airbnb rates. The best part? His portfolio brings in well over $6,000 in monthly cash flow! How has JJ been able to build his real estate portfolio so quickly? In this episode, he shares his two-pronged approach which consists of reinvesting his cash flow and using creative financing to keep buying properties with low money down. Stay tuned to learn how seller financing can help you land deals that are otherwise out of reach, why you should underwrite all deals as long-term rentals, and why your cleaner is your most important short-term rental hire! In This Episode We Cover: How to get huge cash flow with low-money-down RV investing Maximizing your short-term rental rates by providing unique stays How to negotiate lower interest rates and down payments with seller financing Boosting your cash flow and reinvesting it in your real estate portfolio Why you should make sure a property works as a long-term rental before buying it How to make money without owning rentals through Airbnb arbitrage Why a cleaner is your most important hire for a short-term rental And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPokckets Profile Join BiggerPockets for FREE AirDNA PriceLabs Put Your Vacation Rental on Autopilot with Hospitable Buy the Book “Real Estate Campgrounds” Find Investor-Friendly Lenders See Ashley and Tony at BPCON2024 in Cancun! BiggerPockets Real Estate - Episode 650: Glamping, Campsites, and the Insane RV Park Revenue No One Is Talking About Connect with JJ (00:00) Intro (00:47) RV Investing 101 (07:40) Maintaining an RV (10:06) Buying the Historic Home (14:51) Current Portfolio & Buy Box (22:48) Boosting His Cash Flow (26:07) Advice for New Investors (28:10) Connect with JJ! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-456 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 mins
  • Reaching Financial Independence with 5 Properties & Multiple Income Streams w/Kadeem Leslie

    Reaching Financial Independence with 5 Properties & Multiple Income Streams w/Kadeem Leslie
    Sep 9 2024
    Can real estate investing still propel you to financial independence in 2024? Despite starting with very little money or know-how, this investor found creative ways to build a real estate portfolio of five rental properties and reach his financial goals! Kadeem Leslie was just fifteen years old when he learned about FIRE (financial independence retire early) and set a lofty goal of retiring by thirty. He knew that real estate would need to be part of his journey, but like many new investors, he had very little money to start. So, he used the Airbnb arbitrage strategy, sleeping on his couch while guests rented his bedroom. In the first month, he covered his rent, and by the third month, he had already doubled his rental income. With proof of concept, Kadeem started renting out virtually any space he could find—from podcast studios to parking spaces—giving him money to buy his own rentals! Today, Kadeem is financially free, but he has used several strategies and side hustles to get there. In this episode, you’ll learn how to combine real estate investing and other revenue streams to fast-track your portfolio. You’ll also learn why the one-percent rule is still possible in today’s housing market and why finding a top real estate agent is the key to uncovering a great deal! Looking to invest? Need answers? Ask your question on the BiggerPockets Forums! In This Episode We Cover: How Kadeem was able to achieve financial freedom with real estate investing FIRE (financial independence retire early) explained and how to achieve it How to use rental arbitrage as a stepping stone toward property ownership Creating additional revenue streams to help build your real estate portfolio Why working with a top real estate agent is crucial for finding deals in today’s market How to achieve the one-percent rule with the house hacking strategy And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPokckets Profile Join BiggerPockets for FREE Ask Your Question on the BiggerPockets Forums Get 10% Off Any BiggerPockets Book with Code “Ashley” or “Tony” Buy “The Book on Rental Property Investing” Find an Investor-Friendly Agent in Your Area See Ashley and Tony at BPCON2024 in Cancun! Airbnb Arbitrage: How to Make Money Without Owning Property Kadeem’s Instagram Airbnb PadSplit Peerspace Neighbor (00:00) intro (00:57) The Journey to FIRE (03:53) Rental Arbitrage 101 (12:41) Building Income Streams (20:47) Current Portfolio & Partnerships (24:54) Kadeem’s Most Recent Deal (30:34) Advice for New Investors (34:46) Connect with Kadeem! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-455 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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    42 mins
  • Rookie Reply: Buying Your First Rental & the BEST Properties for Appreciation

    Rookie Reply: Buying Your First Rental & the BEST Properties for Appreciation
    Sep 6 2024
    You’re trying to buy your first rental property, but you keep losing out to buyers making cash offers and waiving inspections. Are you doing something wrong? In this episode, we’ll show you how to find more deals, improve your offers, and even be the first one to the party! Welcome back to another Rookie Reply! One of the biggest perks of real estate investing is the home equity you build through loan paydown—money you can use to grow your real estate portfolio. But between cash-out refinancing, a home equity line of credit (HELOC), and selling your property, what’s the best way to pull your money out? Ashley and Tony are here to break down your options. Next, we’ll discuss the best properties to buy with appreciation as your main goal. Should you buy the cheaper home that needs renovations or the move-in-ready rental? Stick around as we compare these properties head-to-head! Looking to invest? Need answers? Ask your question on the BiggerPockets Forums! In This Episode We Cover: How to calculate your purchasing power and build your buy box How to find deals on the MLS (multiple listings service) that match your criteria Creative strategies to help you source more off-market properties Software, tools, and tips to help you manage and follow up on leads Using the skip tracing method to find off-market property owners And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPokckets Profile Join BiggerPockets for FREE Ask Your Question on the BiggerPockets Forums Join BiggerPockets for FREE Buy the Book “Real Estate Rookie: 90 Days to Your First Investment” Find an Investor-Friendly Agent in Your Area See Ashley and Tony at BPCON2024 in Cancun! Real Estate Rookie - Episode 447: Making $300K+ Profit Per Rental and Scaling FAST with “DADUs” (00:00) Intro (00:41) apping Into Home Equity (08:33) Investing for Appreciation (14:24) How to Land Your First Property (22:20) Where to Find Deals (27:32) Send Us Your Question! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-454 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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    35 mins