7 Money Moves to Buy Your First Rental Faster

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 4 June 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Money—it’s the number one thing that keeps new investors from buying a rental property. Maybe you’ve got your market and buy box figured out, but the finances? Not so much. But not to worry—today, we’ve brought a personal finance expert on to help with these common challenges. Whether you’re starting from zero or already working hard to build a financial foundation, this episode is for you! Welcome back to the Real Estate Rookie podcast! Amberly Grant, fellow real estate investor and co-host of the BiggerPockets Money podcast, joins the show to share her own personal finance tips for someone who’s looking to break into real estate investing. Whether you’re deep in debt or struggling to save, Amberly has been in your shoes and provides a clear blueprint anyone can use to get from point A to buying a rental in record time. Along the way, we’ll point out some financial red flags that could be keeping you broke and show you how to break free. We’ll also share with you how to create an anti-budget that makes saving easy, the best place to stash your real estate funds, and creative ways to increase your income so you can throw even more money at that first down payment! In This Episode We Cover How to save for your first rental property—even if you’re starting from scratch Simple steps you can take today to get your financial house in order The financial red flags that could be keeping you broke (and how to break free) Creating an anti-budget that fast-tracks saving for a down payment How to diversify your investment portfolio (beyond real estate!) And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/rookie-570 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	Okay, rookies, listen up. If you're having trouble, having money for your first deal,
0:06.1	this is the episode for you, or maybe your next deal. Today we are bringing on a personal
0:11.3	finance expert to help you get your house in order. And no, we're not talking about budgeting
0:17.9	because she even admits she is anti-budgeting. So we have Amber Lee coming
0:24.0	on today to talk personal finance and specifically on how you can get your first property. And I think
0:30.2	what you'll walk away from in this episode are not just concepts, not just ideas, not just frameworks,
0:35.5	but real tactical things you can focus on today,
0:39.4	tomorrow, to set yourself up to actually buy your first or your next rental. And Amberley did
0:45.2	this being, I think it was close to $100,000 in the hole on a deal. She's able to build herself
0:50.3	out of that. You'll hear that story and learn some lessons along the way. This is also a really monumental episode because Tony roast me for probably the first time ever
1:00.3	in rookie history. So make sure you listen for that.
1:09.5	This is the Real Estate Rookie podcast, and I'm Ashley Care.
1:13.6	And I'm Tony J. Robinson and give a big warm welcome to Amberly Grant.
1:18.7	Thank you so much for joining us on Real Estate Rookie.
1:21.8	How are you today?
1:22.5	I'm fantastic.
1:23.6	It's a beautiful day out.
1:24.9	Things are good.
1:25.7	Thanks for asking.
1:26.5	We are so excited to have you on to help
1:28.7	Rookie investors really set a strong personal finance foundation before they get their first deal or even if they're already into real estate, things they can do.
1:39.6	Because if your finances aren't in order at home, how are you going to have them in order for your
	...

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