87: Couple Leaves Their W2s (During COVID!) To Go Full Time in Real Estate

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 16 June 2021

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

Young love is beautiful, but what’s even more beautiful is young love that produces residual income together! That’s exactly what Sam and Nick of Eagle Hill Homes have done. Even though they have been together since their teenage years, Sam still had to be nudged by Nick to get into real estate investing. Once Sam started designing, planning, and executing on rehabs, she knew that this was the life for them. Now, Sam is a certified general contractor and Nick is a loan officer. But these weren’t the couple’s original jobs, far from it actually. Nick was in corporate insurance sales while Sam was in marketing. Once they had 6 units under their name and they were making enough money to pay for their lifestyle, they quit their W2s and jumped into the real estate industry! Now they’re rehabbing, renting out, and house hacking anything that has “value add” potential for them. They’ve taken very smart steps to renovate houses for far higher cash flow and ARV, gotten mortgages with 90%+ financing, and used their own specific skills to grow a flourishing rental portfolio! In This Episode We Cover Leaving a W2 job to pursue a career in real estate Finding “value add” potential in deals Finding off-market properties and negotiating with sellers Understand the “why” behind a seller’s reason to offload their property House hacking tips and how to keep your sanity when living close to tenants And So Much More! Links from the Show Real Estate Rookie Facebook Group Real Estate Rookie Youtube Channel Ashley's Instagram Tony's Instagram Tony's Podcast BiggerPockets Podcast Cozy MLS Apartments Rookie Podcast 02: Going All Out to Secure Deal No. 1 (For Sale By Owner!) with Tim Goutos Check the full show notes here: https://www.biggerpockets.com/rookie87 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Real Estate Rookie, episode number 87.
0:04.3	The moment we started and I started truly listening to bigger pockets, other people that
0:13.8	were on the same path as me, the fear just like diminished truly because all I needed
0:18.2	was a few people to say, hey, this worked.
0:24.3	My name is Ashley and I am here with Tony and we are the co-host of the Real Estate Rookie
0:29.4	podcast.
0:30.4	What's going on, Tony?
0:32.4	What's up, Ashley?
0:33.4	We are back with another beautiful episode with some beautiful people.
0:36.4	I really enjoy today's podcast.
0:38.0	We have a husband and wife duo and they share it's really cool.
0:42.3	I think strategies they're using to build some value in their properties but more importantly
0:46.8	and the cool part was that they shared how they both left their W2 jobs during COVID
0:51.9	to go full-time in Real Estate.
0:53.8	Yeah, so today we have Nick and Sam on.
0:56.7	They were actually guests of Tony's first podcast before he came on to the Real Estate
1:01.3	Rookie but even he was amazed at how much just in the past year they have transitioned
1:06.9	and changed their lives from leaving their W2.
1:09.7	They both started two new Real Estate specific kind of careers to help build their Real
1:16.6	Estate Empire but now they're kind of branching out and helping other people and taking
1:21.0	on clients too.
1:22.5	It's really interesting to find out what those niches are that they've decided to
	...

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