33: A Marine (and his Mentor) Buy a BRRRR: Step-by-Step with Joe Roberts and Steve Rozenberg

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 14 October 2020

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we bring you another mentor/mentee conversation, where Joe Roberts shares his experience working alongside Steve Rozenberg to buy his first long-distance investment property. Joe is a U.S. Marine helicopter pilot who regularly deploys to combat zones, so efficient systems are a must for him. Steve, a commercial airline pilot and experienced investor, loves designing standard operating procedures. Perfect fit! The two got paired up when Joe won Mynd Property Management's $20,000 mentorship contest, and today they reveal how Joe found the perfect market, neighborhood, and property for his first BRRRR. You'll love hearing how Joe and Steve developed their strategy based on Joe's goals for appreciation, equity, and cashflow; how he analyzed the numbers in several markets before settling on Atlanta; how he documented his process to he can repeat the process over and over again (even while deployed)... and why he'd rather hire property management than deal with tenants himself. This show gives you a peek into a real-world mentorship and breaks down the mistakes and lessons learned along the way. Let us know what you think of this episode in the comments at biggerpockets.com/rookie33, and we'll see you next week! In This Episode We Cover: How Joe got started in real estate while serving as a Marine helicopter pilot Why Steve chose Joe as the winner of the $20,000 Mynd mentorship contest Why Steve and Joe chose to buy a long-distance deal in Atlanta, GA How they crunched the numbers once they chose a market Why they pulled out of two deals after bad inspections Getting aligned with your spouse or partner regarding your real estate goals Using BiggerPockets' market-specific sub-forums to find an agent Time management strategies for busy people (you!) And SO much more! Links from the Show Real Estate Rookie Facebook Group Felipe's Instagram Ashley's Instagram BiggerPockets Forums BiggerPockets Podcast BiggerPockets Conference BiggerPockets Podcast 352: No Driver’s License, No Money, No Excuses: How Diego Corzo Blazed a Trail to 18 Doors BiggerPockets Agents Cozy BiggerPockets Youtube Channel Check the full show notes here: http://biggerpockets.com/rookie33 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 33.
0:05.0	But what I look for is number one is someone coachable.
0:11.0	Are they willing to listen to what I have to say
0:14.4	in my recommendations?
0:15.6	They don't have to do it, but are they open to listening
0:18.0	to another way of thinking. I am Ashley Kerr and I am here with my co-host Felipe Mejia.
0:30.0	Felipe, I have nothing to harp on you today because I feel like I harped on Steve Rosenberg so much during this episode that I'm all spent.
0:40.0	That's hilarious. You were really digging into Steve, your mentor, which I think is great because we have a great show today.
0:46.0	We have a mentor and a mentee, right?
0:48.0	This gentleman won 20 grand at the last BiggerPockets conference through a partnership with Mind and
0:54.4	Steve, his mentor picked him out of 50 people to mentor him on an out-of-state
0:59.8	investing property and Steve talks about why he picked him as a mentee and then Joe
1:06.5	talks about you know earning and winning that mentorship with Steve. I think it's
1:10.5	going to answer a lot of questions about mentee and mentor relationships.
1:14.3	Yeah and Steve is actually my mentor and I loved getting to see him in action with
1:20.9	another mentee and how they're doing an out-of-state deal and you know they break down
1:26.7	the deal how the numbers work but just the mindset stuff they get into is really great.
1:31.8	So make sure you guys listen to the whole thing. At the end they're going to
1:34.7	tell you how to reach out to both of them and what they're doing with this out-of-state deal.
1:40.1	Yeah, absolutely. You guys know the drill before we get to the episode, let's hear a word from our show sponsor.
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2:06.6	It's kind of like fantasy football, but for real estate investing.
	...

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