14: 4 Keys to Building a Portfolio While Working Full-Time With Robert Leonard

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 3 June 2020

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

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 Show Real Estate Rookie Facebook Group Felipe's Instagram Ashley's Instagram Rookie Podcast 11: Using Home Inspections to Spot “Deal Killers” and Negotiate Better Prices with Rose Buckley BiggerPockets REI013: Getting Started in Rentals and Flips With J Scott City Data Axiom Bank BiggerPockets Bookstore BiggerPockets Podcast Cozy Stessa BiggerPockets Podcast 383: Finding Your Perfect Partner and the Top 6 Factors When Choosing a Market with Ben Leybovich & Sam Grooms Zillow Check the full show notes here: http://biggerpockets.com/rookie14 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is real estate rookie show number 14.
0:04.0	The numbers make sense.
0:09.0	I just need to do it.
0:11.0	It was my first rental, so I was real rental, traditional, and out of state so I said I need to just I'm never going to progress
0:16.4	I'm never going to continue to build my portfolio if I don't just jump in and do this deal
0:32.6	Hello my name is Ashley Care, and I am here with my co-host Felipe Mejia, who is living the life of potty trading. How is it going?
0:33.4	Oh my gosh, it's so hard.
0:35.4	My son is two and a half and some days he loves to go on the potty and some days he's like,
0:39.7	no puppy scared, puppy no, no one me.
0:42.2	I'm like, no, Mikko, you can do it, no one no I'm like no me kokie you can do it no one
0:44.0	and I don't think he understands that I'm tired of paying 50 60 bucks for
0:47.7	diapers I have three boys and my youngest he just he just turned three and he I've always
0:55.9	waited for them to kind of be ready and potty train themselves but so he just
1:00.2	potty trained starting in quarantine so it was a month before he turned three that he
1:04.6	actually started potty train but we are officially out of diapers he's still wearing
1:09.3	them at night but I mean that's way better during the day.
1:13.0	Yeah, well we're not talking about potty training in our show today.
1:18.0	We actually have Robert Leonard.
1:20.0	And what I really liked about today's show was some of the bombs that he
1:24.1	dropped when it comes to out-of-state investing, finding partners, and great
1:28.2	realtors. I mean three huge topics that's talked about with newbies, right?
1:33.4	Yeah, and Robert, as the show goes on,
	...

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