351: The BEST Rookie Investor Tips, Tricks, Hacks, and Advice of 2023
We got to talk a WHOLE lot of real estate in 2023. With topics ranging from partnerships to home renovation hacks, we covered a ton of ground this year and hope the information helped YOU on your real estate investing journey! Today, we’re taking a trip down memory lane—reflecting on all of the amazing guests and conversations we had on the show over the last twelve months. For this very special episode, we’ve handpicked a few of our favorite moments to share with you. Whether you’re looking to find your first deal or already own several rental properties, we hope this compilation gives you the inspiration and motivation you need to start the new year off strong! Tune in to learn everything from getting your spouse on board with real estate to replacing your W2 income with rentals. You’ll find out why house hacking is perhaps the best entry point to real estate investing and why rental arbitrage is a cheat code for easy cash flow. You’ll even learn about the “open house” hack that one rookie investor uses to estimate rehab costs, as well as some clever ways to get more money out of your current portfolio! Here is the link to the Spotify playlist for the full episodes clipped for this show! In This Episode We Cover: The BEST real estate tips, tricks, hacks, and advice from 2023 How to get your spouse on board with real estate investing Building your dream lifestyle through the power of house hacking How to replace your W2 income with rental properties The “open house” hack for estimating rehab costs Squeezing more money from your current portfolio How to attract the right investing partner (hint: find the deal first!) How to get EASY cash flow through rental arbitrage Scoring fully-funded vacations by using business credit cards How to complete home renovation projects remotely 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 Ask Us Your Investing Question Apply to Be a Guest on the “Real Estate Rookie” Podcast How to “Layer” Legal Protection So Lawsuits Won’t Touch Your Wealth Rookie Reply: Do You NEED an LLC for Rental Property? 6 Rental Properties in Just 15 Months (While Working 3 Jobs!) Rookie to Real Estate Investor in 90 Days: Meet the Mentees The Perfect First Rental Property That Makes $2,500 Per Month! From $40K Debt to 4 Rental Units (Using ZERO of His Own Money!) $6,500/Month from ONE Rental (While Traveling the World!) When Cash Flow ISN’T Crucial and 3 Creative Financing Tips to Try $11,000/Month with a VERY Unique Rental Property Cash-Flowing While in a Coma!? All Thanks to Self-Storage Escaping the “Grind” with Van Life and 3 Rental Properties 7 Real Estate Deals in 2 Years (4 Rentals with MEGA Cash Flow!) Making $100K in 18 Months w/ “Misfit” Medium-Term Rental Properties Real Estate “Travel Hacks” We Use to Score FREE Vacations The Rookie Blueprint for Money-Making Home Renovation Projects Check the full show notes here: https://www.biggerpockets.com/blog/rookie-351 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