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Real Estate Rookie

Afraid to Buy Your First Rental? Here’s How to Finally Start (Rookie Reply)

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.81.7K Ratings

🗓️ 31 October 2025

⏱️ 38 minutes

🧾️ Download transcript

Summary

Welcome to another Rookie Reply, where Ashley Kehr and Tony J. Robinson answer questions from the BiggerPockets Forums and Real Estate Rookie Facebook group. This time, we’re covering questions like: How do you actually begin investing if you’ve been stuck on the sidelines? Are you paying too much for your contractor’s bids—and what should you do if you are? And how do you lock down a high-cash-flow opportunity without overreaching? Looking to invest? Need answers? Ask your question here! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/rookie-634 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

What if the biggest mistake new investors make is waiting too long to buy their first property?

0:06.3

And what if the fastest way to lose money isn't a bad deal, but a bad contractor?

0:10.9

Today we're answering three questions every rookie needs to hear.

0:14.4

How to start when you feel stuck, how to avoid getting ripped off by contractors, and how to capitalize when you stumble on a potential

0:22.6

cash cow.

0:28.7

This is the Real Estate Rookie Podcast, and I'm Ashley Care.

0:32.1

And I'm Tony J. Robinson.

0:33.6

And with that, let's get into today's first question.

0:35.9

So this question comes from Corey in the

0:37.8

Bigger Pockets forms. And Corey says, I'm completely new to real estate and would like to know if

0:42.4

someone could help me and guide me through getting my first deal. Great question, Corey. And that's

0:46.8

the entire reason that the Real Estate Rookie podcast exists is to help guide you through your first deal

0:52.9

and beyond, obviously. Now, that said, it is also a very

0:56.6

loaded question because there's a lot that goes into guiding someone through their first deal. So I think

1:02.1

the goal for me and Ashley isn't to give you a super kind of tactical step by step for every

1:06.1

single thing you need to do, but give you a general overview of the big things you should focus on

1:09.8

and some of those more major milestones.

1:11.9

I think the first step, and Ash, let me know if you disagree with this, but I think the first

1:15.9

step is just to clarify what is your why and what is your end goal?

1:21.6

Because every person who invest in real estate has a slightly different mix of motivations

1:26.8

and resources and skills and abilities

1:30.9

and goals. And those mixes can lead to slightly different plans in terms of what should you

...

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