7 Deals in 5 Years by Doubling Down on Rentals in a Tough Housing Market

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 2 December 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

When interest rates rose, many investors stopped buying. But not Ryan Irwin. This rookie doubled down on real estate, choosing whichever investing strategy made the numbers work. Even in a tough housing market, Ryan’s big bet on real estate paid off, as he’s now up to seven deals and earns a solid chunk of cash flow each month! Welcome back to the Real Estate Rookie podcast! It can take a new investor months, sometimes years, to find their first deal. But when Ryan was just starting out, he did the two things every rookie should do: he told everyone he was investing in real estate, and he started attending networking events. Building these relationships has allowed him to buy multiple rental properties, flip houses, and invest in syndications—all in just five years! But Ryan doesn’t aspire to build his own real estate “empire.” He just wants a small real estate portfolio that gives him financial freedom. Now that he has several deals under his belt, he plans to stabilize his portfolio and squeeze even more cash flow out of his rental properties by refinancing and paying off his mortgages one by one! In This Episode We Cover: Why Ryan is doubling down on real estate (even in a tough housing market!) The number one thing you can do today to fast-track your investing journey Why a virtual assistant should be your first hire as you scale (and where to find one!) Two things you can do to increase your rental property cash flow Chasing financial freedom with a “small and mighty” real estate portfolio How to scale faster by automating and delegating low-level tasks And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPokckets Profile Join BiggerPockets for FREE Real Estate Rookie Facebook Group Real Estate Rookie YouTube Set for Life The House Flipping Framework Shop the BiggerPockets Black Friday Sale and Get Up to 60% Off Your Next Book Purchase Buy the Book “The Small and Mighty Real Estate Investor” Find Investor-Friendly Lenders Achieving FI with Fewer Doors: The Small and Mighty Real Estate Portfolio Connect with Ryan Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-491 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

Click on a timestamp to play from that location

0:00.0	Today's guest has a strategy that flips conventional wisdom on its head. When interest rates
0:05.4	started climbing and others hit pause, he doubled down, seizing the opportunity to scoop
0:10.7	up properties in a less competitive market. And when rates eventually drop, that's when the real
0:16.2	magic happens, slowing down on purchases, maybe, and refinancing to boost cash flow and maximizing revenue.
0:24.4	Ready to learn how going against the green can lead to big rewards. Let's get into it.
0:34.9	This is the Real Estate Rookie Podcast. I'm Ashley Care and I'm here with Tony J. Robinson.
0:41.8	And welcome to the Real Estate Riki podcast where every week, three times a week, we're bringing you the inspiration, motivation, and stories you need to hear to kickstart your investing journey.
0:50.2	Before we get into the show, if you've been around bigger pockets for a while, you know we throw a huge Black Friday book sale every year.
0:57.0	It's literally the best time of year to get our books and all the bonus content.
1:01.1	We've got more than 60 books now.
1:03.3	And to celebrate the enormity of the catalog, every title will be discounted up to 60% off.
1:09.8	Basically, nothing is not on sale.
1:12.4	And these are the best deals you'll get on our store all year.
1:15.6	The sale is happening starting today at biggerpockets.com slash Black Friday.
1:20.2	Now, let's get on to the show.
1:21.4	And today, I'd like to welcome Ryan Irwin to the show.
1:25.1	Ryan, thank you for joining us today, brother.
1:26.4	Hey, Tony, Ashley,
1:27.6	thank you so much. I'm super excited to be here and thank you for the invitation. Yeah,
1:32.1	Ryan, let's start off with a little background on yourself. What did your life look like
1:36.8	prior to investing in real estate? Oh, man, it's been a journey. I, my history is a nutrition
1:42.9	and fitness. So that's my backbone, if you will,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.