317: 7 Deals in 2 Years with HUGE Cash Flow: How to Grow Your Real Estate FAST w/Mackenzie Brogdon

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 30 August 2023

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

Growing a real estate business with multiple rentals and HUGE cash flow…in just two years!? How do you get so many deals done in such little time? Simply by putting one foot in front of the other, today’s guest was able to create a sizable portfolio in no time—allowing her husband to quit his job in the process! Welcome back to the Real Estate Rookie podcast! Today, we’re chatting with Mackenzie Brogdon, a wife, mother, realtor, and investor who managed to lock up seven deals in just two years—with more in the works! With a general contractor for a father and a background in interior design, Mackenzie was bound for a career in real estate. But that didn’t make getting started any less intimidating. With concerns about house hacking as a new parent, she could have easily hit the “pause” button. Instead, she plunged headfirst into her first deal—one that, despite having its fair share of headaches, opened the door for many more deals to come. Whether you’re a “nervous Nellie” or an “eager beaver,” this episode will teach you the importance of taking wise, deliberate action on your real estate journey. Join Mackenzie, Ashley, and Tony as they cover a variety of investing strategies—from house hacking and flipping to arbitrage and subject to deals. They also talk about why every investor should document their journey and how to find the perfect investing partner to complement your strengths! In This Episode We Cover How to get MORE deals done through subject to and other creative finance options Finding investing partners by leveraging your own skills Why you MUST document your real estate journey How to build your own network of subcontractors for home renovation projects The benefits of long-term rental arbitrage as a landlord Maximizing your cash flow with the sober living rental strategy The perks of getting your real estate license as an investor And So Much More! Check the full show notes here: https://www.biggerpockets.com/blog/rookie-317 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 317.
0:04.3	So it was definitely scary to get into investing, but then we started seeing the long-term benefit
0:11.8	of just this like multiple streams of income and residual income and we by being in real estate
0:18.3	I started to see oh my gosh the equity and when we had bought and sold houses before so that
0:22.8	opportunity for equity and appreciation and they're too kind of open to our eyes so okay I feel
0:26.5	like this is a safe route to go if that's a good word to use and so that kind of made us jump
0:34.2	into into doing that. My name is Ashley Care and I'm here with my co-host Tony J Robinson.
0:39.9	And welcome to the Real Estate Rookie Podcast where every week twice a week we're bringing the
0:43.7	inspiration, motivation and stories you need to hear to kickstart your investing journey.
0:48.2	Ashley Care, I'm pumped for today's episode. This is actually someone that you recruited into the
0:53.6	ranks of the Real Estate Rookie world that you met in an event and I'm super glad you did.
0:57.2	We got Mackenzie Brockton in the podcast and she's just a ball of energy and she's got a really
1:01.7	really cool story as well. Yeah I met her at AG Osborne's CRE Circle live event in Boise, Idaho
1:08.8	and she was just a ball of fire had great energy but also had a really good story so she's going
1:16.3	to tell you all about that story of how she got into investing in real estate. She'll do a great job
1:22.7	of actually explaining why she chose not to invest out of state and give some of the reasons that
1:29.3	kind of turned her off from doing that. One thing to highlight with Mackenzie is that she was a new
1:36.1	investor. She hadn't done a deal but she is going to tell you how she got a partner on her very first
1:43.6	deal that pretty much put in the majority of the capital. Yeah she also talks about how she started
1:49.6	off as a real estate agent. How much volume of sale she did in a relatively short period of time
1:53.7	which was amazing. She goes into talk about how she manages her rehab and kind of what she learned
1:58.0	between that first deal and that second deal and she'll go in and tell you guys a really cool
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