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Real Estate Rookie

133: From Server to Landlord with 10+ Units at 24 Years Old

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.81.7K Ratings

🗓️ 24 November 2021

⏱️ 54 minutes

🧾️ Download transcript

Summary

What if you knew you could be fresh out of college and already owning property? Why wait for a “stable career” to start building wealth when you can dive into real estate investing, whether that be in or out-of-state? Would you start looking into investing earlier if you knew it was without age limitation? Today’s guest Karina Mejia, a 24-year-old investor, goes over her house hacking journey that helped her go from a server to a landlord. From managing tenants to investing in out-of-state properties, Karina walks through the mindset of investing from a very early age, without the emotional support of those around her. We touch on topics like house hacking, the BRRRR strategy, investing with a romantic partner, out-of-state investing, and financing your first deal. If you’re a first-time investor or college student, this episode is perfect for you. In This Episode We Cover What to do with an unruly tenant while house hacking How to invest with a romantic partner to ensure asset protection for the both of you Investing fresh out of college even if you have no experience in real estate Successfully investing without the support of those around you How to build a lease for your house hacks so tenants have a positive experience Finding the best out-of-state market for your investing strategy How to passively invest and outsource work to maximize time value And So Much More! Links from the Show Real Estate Rookie Youtube Channel Ashley's Instagram Tony's Instagram Real Estate Rookie FaceBook Group Rookie Podcast 125: Using OnlyFans to Fund Ownership in Her First BRRRR w/ Brin Amberlee BiggerPockets Podcast BiggerPockets Forums Experian Microsoft Excel MLS Check the full show notes here: https://www.biggerpockets.com/rookie133 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is Real Estate Rookie, episode 133.

0:08.2

Shortly after, I realized that the 9-5 wasn't really for me.

0:13.1

I just remember looking around the room and there was nobody I wanted to be like.

0:17.3

And that was a huge red flag for me, so I decided to do Real Estate full-time.

0:23.6

I'm Ashley Care and I'm here with my co-host Tony Robinson and Guy's Guest Month.

0:32.0

We survived a lot of Vegas' pool party together. I'm back in Buffalo,

0:37.2

Tony's back in California. We made it! But it was so much fun. We had a great time in Vegas.

0:44.9

We had some personal fun and we did some business stuff. We recorded a couple podcasts

0:49.6

episodes where we were out there. All in all, it was a good trip and Ashley and I have already

0:54.0

decided to make this like a at least a quarterly thing where we get out and we meet some of the

0:58.5

guests in person and do some some recording face-to-face. Yeah, Ricky Road Trip, we've coined this.

1:04.4

I don't think we've told the bigger podcast see me that yet though, so this might be new to them.

1:09.2

Our producer is listening right now, so we'll have to hear his commentary after we finish

1:15.0

intro to see if it's not approved or not. But anyways, we're going to go forward with it. So if

1:20.3

you guys want us to come to your city, let us know. Use the hashtag Ricky Road Trip and maybe we'll

1:27.1

plan something. We'll come out. We'll do a couple recordings and maybe do a meet-up. We should have

1:31.2

done a meet-up in Las Vegas too. Yeah, and so this is a new thing. We're branding it now. We're

1:36.1

saying that we're speaking into existence, so excited to see it happen. Yeah, and then watch out

1:41.5

for those episodes that are coming out too that we did in person. So episode 125 we did with

1:46.8

Bryn. Really great episode. So actually that would have already come out. So you guys already heard it,

1:52.9

and I'm sure you guys thought it was great. That was awkward. Anyways, today we have Karina on the show.

2:01.8

So she is going to talk about house hacking and especially getting started in real estate in a very

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