286: Rookie Reply: Real Estate "Travel Hacks" We Use to Score FREE Vacations

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 13 May 2023

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Using your real estate business to fund your DREAM vacation—with all or most expenses paid!? As a real estate investor, handling large amounts of money for materials, rehabs, and other expenses has its benefits. Today, we’re excited to talk about a simple but clever debt strategy that real estate rookies often overlook. Welcome back to another Rookie Reply! If you’re looking to take advantage of the many benefits of real estate investing, tune in as Tony and Ashley share how they use credit cards to travel hack their way to luxurious, five-figure vacations each year! We also talk about when you should and shouldn’t use a HELOC to help fund an investment property. Ever wondered how you should use the money from cash-out refinancing? Our hosts cover some of the limitations you may encounter. Finally, Ashley and Tony discuss their top investing analysis strategies in 2023 and how to choose the best one for you! If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE). In This Episode We Cover How to leverage real estate debt the right way (and fund your DREAM vacation!) When you should and shouldn’t use a HELOC for an investment property New investing analysis strategies we’re using in 2023 Why you should say “no” more often than “yes” when choosing an investing strategy All about cash-out refinancing (and what you can use the money for!) How to find the best investor-friendly real estate agents in your area 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 How to Earn Free Vacations With Travel Rewards Credit Cards Find Top Rewards Credit Cards with The Points Guy Learn More About Travel Hacking with Aunt Kara on TikTok Book Mentioned in the Show: Real Estate by the Numbers by J Scot and Dave Meyer Check the full show notes here: https://www.biggerpockets.com/blog/rookie-286 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Real Estate Rookie episode 286.
0:05.0	We run a lot of our flips through our credit cards,
0:07.0	run by materials and stuff, all of our events
0:09.0	are run through our credit cards,
0:11.0	all the different things we have in our business
0:12.0	we run through our credit card as much as we can.
0:14.0	So for all of the Real Estate investors that are out there,
0:16.0	I think a common thing that people overlook
0:18.0	is the ability to use credit card points
0:20.0	to help fund your vacations.
0:22.0	My name is Ashley Care and I am here with my co-host, Tony Robinson.
0:26.0	And welcome to the Real Estate Rookie Podcast
0:28.0	where every week, twice a week,
0:30.0	we're bringing you the inspiration, motivation,
0:32.0	and stories you need to hear to kickstart your investing journey.
0:34.0	And at today, we got some Q&A.
0:36.0	I'd love the rookie replies because we get to deep dive,
0:38.0	the thoughts and deepest darkest fears and desires
0:42.0	of our rookie audience.
0:43.0	So the top is going to cover today our first
0:45.0	when you should not use a HELOC
0:47.0	because there are times when you should and times when you shouldn't.
	...

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