19: Going Full-Time as a Rookie Right Out of College With Arvi Carkanji and Dave Arlaud

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 8 July 2020

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

In today's episode, you'll meet a power couple who both immigrated to the U.S. seven years ago and soon decided real estate would be their path to financial freedom. Arvi Carkanji and Dave Arlaud are Nashville-based flipper-investors, who are dividing and conquering to run a successful business while building a stable of rental properties. Arvi handles acquisitions (listen for the Rookie Request Line about direct mail), while Dave is a licensed contractor who takes charge of construction. Together they walk us through their approach to renovating houses and working with subcontractors and dive into the deal that motivated Arvi to quit her first (and quite possibly last) "real job." If you're thinking about taking on "value-add" projects—and you probably should be—listen close to hear these two rookies walk us through their process! In This Episode We Cover: How Arvi and Dave wound up as real estate investors just a year out of college How they work with contractors, step by step Dave's "25-25-50" payment plan for contractors The different stages involved in renovating a house Red flags to look for when inspecting work Due diligence and permits Transforming a single-family home into a duplex Raising private money as a newbie Renting staging furniture from companies like Rent-A-Center And SO much more! Links from the Show Real Estate Rookie Facebook Group Felipe's Instagram Ashley's Instagram BiggerPockets Podcast Rookie Podcast 09: Finding Off-Market Deals, Step by Step with Ryan Dossey (Mentor) and Drew Wiard (Mentee)—Part 1 Rookie Podcast 13: How Drew Pulled 6 Deals From His First Direct Mail Campaign With Ryan Dossey (Mentor) and Drew Wiard (Mentee)—Part 2 BiggerPockets Forums Rent-A-Center Rookie Podcast 15: 5 Steps to Reach Financial Freedom in 15 Years Through Long-Distance Investing With Elyse Rasmussen Rookie Podcast 17: 3 Rentals in His First Year & the Power of a Real-Life 'Rich Dad' Mentor with Derrick Ziglar Jr. Check the full show notes here: https://www.biggerpockets.com/rookie19 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 19.
0:05.0	So trying to do stuff yourself in the beginning phase is really key.
0:11.0	And other key I say is have close friends and family. is really
0:15.0	in a close friends and family that are maybe into the construction world that can possibly come
0:18.1	help you out in the beginning, give you some tips of how to start,
0:21.5	and make sure you're on the right path.
0:23.0	I am Ashley Kerr and once again,
0:27.0	Felipe Mejia is called out on his flexing.
0:31.0	It's so funny.
0:32.5	He goes, we try to close out the episode and Dave is like, whoa, whoa,
0:36.8	before we are in Felipe, I've heard that you have little edibity, tiny biceps.
0:40.0	I got to see this.
0:40.8	And I was like, why did actually start this trend?
0:44.4	No, no, that was Ryan.
0:45.9	That was Ryan Dusty at our one show.
0:47.8	If you guys haven't listened to that episode,
0:50.2	go back to the look for Ryan Dusty.
0:51.6	We did two of them and I believe it was the first
0:53.7	episode we did with him I think where he called you out on your bike. We're not
0:58.8	talking about fleet face by steps. Today we're actually going to be talking to
1:01.4	Arvy and Dave.
1:02.8	So this is a couple that's now in Nashville,
	...

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