297: Traveling the World Thanks to One $6,500/Month Rental Property w/Olivia Tati

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 21 June 2023

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

A house hack that covers all living expenses and allows you to travel the world!? Many people dream of making passive income from real estate, but only some take action. After getting her real estate license and immersing herself in the world of investing, today’s guest was chomping at the bit to buy her first property. In this episode, we’re speaking with Olivia Tati—a former chemical engineer turned nomadic real estate investor! After discovering the freedom and flexibility of working from home, Olivia quickly determined that she no longer wanted to work her corporate W2 job. Fortunately, she had spent months cultivating several side hustles and multiple streams of passive income. With this financial safety net in place, Olivia quickly turned her attention to real estate. It wasn’t long before she landed her first deal—a duplex that rents for up to $6,500/month and allows her to live out her nomadic dream! Do you aspire to earn enough passive income to quit your nine-to-five, work from home, or travel the world? This is the episode for you! Tune in to hear Olivia, Ashley, and Tony discuss a unique strategy to get a property under contract, various ways to buy real estate with no money down, and creating the perfect guest experience at your short-term rental. They also cover the benefits of getting a real estate license—whether it’s getting your feet wet before investing, saving money on closing costs, or making passive income through referrals! In This Episode We Cover How to get a property under contract (without having the most competitive offer!) Three advantages of getting your real estate license before investing How to earn thousands of dollars each month through real estate referrals Multiple strategies you can use to buy real estate with no money down When to make a rental property short-term, medium-term, or long-term The keys to providing a world-class guest experience at your short-term rental 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 House Hacking 101: What It Is and How to Get Started Create Eye-Catching Graphics for Your Real Estate Business Find and Manage Cleaners for Your Short-Term Rentals: Turno Breezeway Connect with Olivia: Olivia's Instagram Olivia's YouTube Check the full show notes here: https://www.biggerpockets.com/blog/rookie-297 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 297.
0:05.0	What are you usually making on the side of the duplex that you're renting out?
0:08.3	During the summer months, about 24, 2500,
0:11.1	during the high season, anywhere from 4,000 to 6500.
0:15.8	So you're literally covering all of your living expenses and then some?
0:19.8	Yeah, and now I'm traveling, for example, for the next five months,
0:23.2	and I'm midterm renting out my side of my duplex as well for another 2400.
0:28.0	My name is Ashley Care, and I'm here with my co-host, Tony Robinson.
0:31.6	And welcome to the Real Estate Rookie Podcast,
0:33.8	where every week, twice a week, you're being the inspiration, motivation,
0:37.3	and stories you need to hear to kickstart your investing journey.
0:40.1	And as always, we're back with an amazing story from an amazing guest.
0:44.0	This is actually someone that I know personally outside of the bigger pockets world.
0:49.1	Her name is Olivia Taty.
0:51.1	I actually met her initially at my event,
0:53.5	then she joined one of my coaching programs,
0:54.9	and she's just an amazing bubble of energy and optimism.
0:59.2	And she's got a story where she quit her job,
1:01.9	and just so many good nuggets throughout Olivia's entire story.
1:06.0	But I really enjoyed this conversation today.
1:07.6	Yeah, she has definitely some bravery in her.
1:12.3	She attended Tony's conference and put her two weeks notice in at her stable,
	...

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