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Real Estate Rookie

197: From the Screen to Short-Term Rentals and How "Stargirl" Started Investing w/Brec Bassinger

Real Estate Rookie

BiggerPockets

Entrepreneurship, Education, Investing, Business, How To

4.71.8K Ratings

🗓️ 6 July 2022

⏱️ 57 minutes

🧾️ Download transcript

Summary

If you’re unsure about real estate, run the numbers. It’s that simple. Once you run the numbers, you’ll have clarity on which decisions to make and tangible reassurance that you made the right ones. Today’s guest, actress Brec Bassinger, shares how focusing on the numbers has given her the confidence to become the successful investor she is today. Brec’s name may sound familiar to some of you. She’s been the star of Bella and the Bulldogs and the new hit show, DC’s Stargirl. Brec’s interest in real estate began after a trip to Big Bear with her boyfriend when she realized the earning potential of short-term rentals. She decided to buy a condo and had her first short-term rental within six months. The speed at which she got her first deal may seem intimidating, but Brec’s confidence came from the numbers she calculated and the profits she knew she could make. During her first season of Stargirl, Brec had to share a small apartment with her coworker because that’s all she could afford with her fluctuating income. Now she makes more money by living in an expensive high-rise apartment while renting out her old space. Real estate has allowed Brec to supplement her fluctuating income without a W-2 and the freedom to live the life she wants. And even though she plays a superhero, her story proves that you don’t have to be one to invest in real estate.  In This Episode We Cover How to confidently close on your first investment property and move past fear Becoming more financially stable by supplementing your income with a passive income stream The importance of running the numbers and how to use the simple rental calculations to make profitable decisions Building a relationship with your property manager and eye-opening questions to ask them How to qualify for loans without a “steady” income And So Much More! Links from the Show Ashley's Instagram Tony's Instagram BiggerPockets Real Estate Rookie Youtube Channel Real Estate Rookie Podcast Real Estate Rookie Facebook Group Airbnb BPCON2022 20 Deals in a Year as a Professional Basketball Player w/ Terry Harris Terry Harris' Instagram Zillow AirDNA BiggerPockets Calculator MLS From Sleeping in His Car to Multi-Unit Landlord & The “Nomad” Strategy Nick Cooley's Instagram Connect with Brec: Brec's Instagram Check out the full show notes here: https://biggerpockets.com/blog/rookie-197 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

This is a real estate rookie episode 197.

0:04.7

If I lived in a high rise in the nicest part of Atlanta,

0:08.8

spending I think it was $4,400 a month on rent,

0:13.0

and still continued to rent out my place and get that positive cash flow.

0:17.0

And how it happened to work out is I would have more money at the end of the day

0:20.7

if I was living the bougie life and still renting out my property.

0:24.8

So just this one rental property has given me the freedom

0:28.9

to just to live and not worrying about furnishing something while I'm working a full-time job

0:34.7

and just the freedom it's given me has been so like liberating and powering.

0:38.7

My name is Ashley Care and I am here with my co-host, Tony Robinson.

0:42.9

And welcome to the Real Estate Rookie Podcast where every week, twice a week,

0:46.8

we bring you the inspiration, information, and education.

0:50.0

You need to kickstart your real estate investing journey and I'm so happy to be back.

0:54.0

Sit in front of the microphone with my wonderful co-host, Ashley.

0:56.6

What is going on in your neck of the woods, Ash?

0:58.6

How are things these days?

1:00.4

Well, I have to say major FOMO after watching Yours and Sarah's Instagram stories

1:05.4

at the short-term rental welfare conference in Nashville.

1:10.0

How was it?

1:10.8

It looked like a great time and that you met me and networked with a ton of people.

1:14.4

It was so cool.

1:15.2

You know, we weren't speaking at that conference.

...

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