98: Rookie Reply: Lessons Learned from Our First Real Estate Deals

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 24 July 2021

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week is a special Rookie Reply, Ashley and Tony are in the same physical location! They both stopped by Denver, Colorado to record some future episodes of the Real Estate Rookie Podcast! Ashley and Tony are both talking about the first deal they acquired, the mistakes they made as rookies, the lessons they learned, and why you should never be afraid to fail. They walk through things like finding the deal, financing the deal, misconceptions they had before they jumped into investing, and how BiggerPockets was a huge help to both of them in their early investing journey. If you’re still waiting to close on your first deal, here are some key points discussed. How to finance a property and rehab costs with $0 down What to do if your first property ends up losing you money The importance of partnerships when getting started Why you DON’T need to buy your first rental in cash And Much More! If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE). Check the full show notes here: https://www.biggerpockets.com/rookie98 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 98.
0:07.5	My name is Ashley Care and I am here in person with my co-host Tony Robinson.
0:13.3	It feels like we're on the set of like TRL or like I used to watch fun at six in park when I was
0:17.2	growing up. So this is what I feel like the host from the the afternoon TV shows.
0:21.4	Tony knows this is my dream to pretend that we're on like a talk show and when I get to hold the
0:26.0	microphone. We're making it happen now. Well, what's new with you actually?
0:31.0	Not much. Super excited. This is our first day in Denver. We're going to be here for a couple
0:35.5	days making some content working on some real estate stuff for you guys and bringing you guys as
0:41.6	much rookie content as we can. Yeah, Ashley's also been traveling a lot lately. She's been
0:45.6	like things like every time zone in the United States over the past like two weeks. So I'm happy
0:50.5	that you made some time to hang out with me in Denver. It's funny to say that because I've had
0:54.0	awful jet lag recently. I have not been able to sleep. So I was kind of thankful to make my wave
0:59.2	back to the last call. Catch up a little bit. What do you want to talk about today? What topics
1:05.1	are you going to hit? So hold on. Before we dive into today's episode, let's take a quick break.
1:09.2	Our current interest rates making you depressed about cash flow. What if it didn't have to be that way?
1:14.4	Rinse to retirement has 2.99% seller financing available on turnkey properties. You heard that
1:21.5	right. That's a seller financed 2.99% interest rate where the average cash flow is over $900 per
1:29.5	month. They also have options where you can put as low as 5% down on multiple investment properties
1:34.7	with no PMI. Rinse to retirement is the nation's leading turnkey investment company that understands
1:40.7	what it takes to be successful in today's dynamic real estate market. Their reputation speaks for
1:45.6	itself with more five star reviews than any other company on the bigger pockets website. Rinse to
1:51.0	retirement offers fully turnkey properties that are newly built or renovated,
	...

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