411: ‘The Bachelorette’ Alum Tyler Cameron on Building a $3M Portfolio in 3 Years!

Real Estate Rookie

BiggerPockets

How To, Entrepreneurship, Business, Education, Investing

4.7 • 1.8K Ratings

🗓️ 27 May 2024

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you’re willing to get your hands dirty, new builds and home renovations can deliver a HUGE return on investment (ROI). Just ask today’s guest! After passing up on a deal that became a cash cow for another investor, he decided to put an end to his analysis paralysis, earn his general contracting license, and get right to work! Today, we’re joined by a former The Bachelorette contestant, NCAA Division I quarterback, and new investor. Despite many years in the spotlight, Tyler Cameron doesn’t plan to escape the public eye just yet—trading a rose for a hammer in his latest show, Going Home with Tyler Cameron. In today’s episode, he discusses his journey into real estate, which began shortly after inheriting his childhood home. Wanting to honor his late mother, Tyler completed several renovations—making his fair share of mistakes along the way. Even with some tough lessons learned, the property rents for a pretty penny, giving him and his brothers another reliable stream of income. Tune in to learn why Tyler got started in real estate (and why he almost didn’t), what drew him to new construction, and how he has built a three-million-dollar portfolio in only THREE years. He also offers his best short-term rental tips and shares why so many investors are flocking to his hometown of Jupiter, Florida—a growing market where high appreciation is the norm! In This Episode We Cover How Tyler built a three-million-dollar portfolio in just THREE years Why market uncertainty shouldn’t stop you from investing in real estate The keys to a successful home renovation project or new build Why new construction might offer you the BEST return on investment (ROI) Short-term rental tips for new investors (and why the customer is “always right”) Why MORE investors are buying rental properties in Jupiter, Florida And So Much More! (00:00) Intro (01:02) Renovating His Childhood Home (04:47) $3M in 3 Years?! (09:29) Life in the Spotlight (13:42) KEY Lessons Learned (21:57) Short-Term Rental Tips (25:38) Investing in Jupiter, Florida (30:28) New Builds vs. Renovations (32:38) “Going Home with Tyler Cameron” (36:08) Connect with Tyler! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-411 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is real estate rookie episode 411.
0:05.0	What would you find out if you rehabbed your childhood home?
0:09.0	My name is Ashley Kerr, and I'm here with Tony J Robinson.
0:13.0	And welcome to the Real Estate Rookie Podcast
0:15.0	where every week, three times a week,
0:17.0	we bring you the inspiration, motivation, and stories
0:20.0	you need to hear to kick start your investing journey.
0:22.0	We are here today with
0:24.1	Tyler Cameron a seasoned investor and TV personality that is sharing his
0:29.0	projects and all the fun that goes into construction. Now today we we'll get into the 4-1 of Tyler's short-term rentals
0:35.8	and hear some of the mistakes he's made
0:38.0	and how that has helped him improve his project.
0:40.0	So we're excited to hear what you've learned
0:42.1	while getting your hands dirty.
0:43.4	So Tyler, welcome to the show brother.
0:45.2	Man, I appreciate y'all having me.
0:46.7	I definitely will put the rookie and rookie for you all, so I'm excited to get down with this.
0:51.0	And a big fan of the show, a big fan of bigger pockets and everything that you guys
0:55.8	have been able to create and do it's honor to be here and excited to talk what I got
1:01.5	into now. Well Tyler I'm really curious as to what your childhood home has to do with real estate and busting for you.
1:09.2	Yeah, no, it's, so here's a long story that I'll try and make sure my child home is the first home my parents ever brought me into
1:19.3	And 31 years of living at home. We put a lot of wear and tear on that house.
	...

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