How to Invest in Real Estate in 2025 (with NO Experience)

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 8 November 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

So you want to start investing in real estate but have ZERO experience. What should you do? The good news is that even if you don’t know how to invest in real estate, you can get started relatively quickly, especially if you avoid the common rookie mistakes. To help you jump over the investing hurdles, instead of running right into them, Dave brought on Tony Robinson, top short-term rental investor, and Henry Washington, repeat co-host and long-term rental investor, to share exactly what they’d do if they were starting from scratch in 2025. Both Henry and Tony have scaled very fast. They own seven-figure real estate portfolios producing hundreds of thousands in rent yearly. But neither of them has been investing for more than ten years. How did they scale their real estate portfolios so quickly? They learned from their mistakes FAST and are teaching you the same lessons on today’s show. In this episode, we’re going through the beginner steps you should take to build a real estate portfolio starting in 2025. We’ll discuss whether you should buy long-term or short-term rentals, how to choose a market to invest in, knowing how much you can afford, the many ways to find real estate deals, and the one thing Henry and Tony WISHED they had done earlier. Ready to start investing in 2025? This is your quick guide! In This Episode We Cover: Best beginner real estate investments and whether you should buy or build your first rental What to do when you don’t have tons of money to invest and how to calculate your buying power How to find real estate deals even if you’re low on time or money The one thing Henry and Tony advise every rookie real estate investor to start doing NOW Emergency reserves and why you must keep cash on you when you start investing And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Real Estate Rookie Podcast On the Market Podcast Get a Quote on Your Next Short-Term Rental Loan with Host Financial Start from Scratch with “The Book on Rental Property Investing” Find an Investor-Friendly Agent in Your Area Real Estate Investing For Beginners: How To Get Started Connect with Henry Connect with Tony Connect with Dave (00:00) Intro (01:01) Best Starter Investments (03:08) Short-Term Rentals (08:42) 1. Choose a Market (10:04) Long-Term Rentals (14:42) 2. Know Your Buying Power (18:39) 3. Finding Real Estate Deals (24:21) 4. Document EVERYTHING (28:39) 5. Start a “Reinvestment” Fund Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1041 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	If I had to delete my entire real estate portfolio and start fresh in 2025, this is what I would do and how I would do it.
0:14.2	Hey, everyone, it's Dave. Today on the show, we have two guests joining us today. We have Henry Washington. Henry, thanks for being here.
0:22.7	What's up, bud? Glad to be here. It's good to have you, but you're here often. I'm actually just way
0:26.9	more excited to have Tony Robinson here, to be honest. He's just cooler than you. And he has perfect
0:33.2	expertise for this show being the host of our sister podcast, the Real Estate Rookie Podcast.
0:39.3	Tony, thanks for joining us.
0:40.7	I appreciate you having me, brother, man.
0:42.3	Super excited to jump in with you guys.
0:44.1	Well, of course, between the two of you and myself and our real estate experience,
0:47.8	we've made a lot of good decisions, maybe made many of mistakes since our first deal.
0:52.8	So today we're going to talk about, given everything
0:55.4	that we've learned over our investing careers, how we would start over if we were doing it in
1:00.7	2025. So let's get into it. Tony, let's start with you. You're known for, you know,
1:05.8	specializing in a specific niche of short-term rental investing. If you were starting again today,
1:10.7	would you
1:11.0	choose the same niche? I would, right? Because I think for me, and I still believe this,
1:16.6	that if you want long-term appreciation, if you want cash flow, if you want the tax benefits,
1:22.4	short-term rentals still offer the best mix of that. And those are my goals, right? And I still
1:27.3	feel like that is the asset class that most closely aligns with that strategy of that. And those are my goals, right? And I still feel like that is the asset
1:28.2	class that most closely aligns with that strategy for me. And the barrier to entry isn't as big
1:33.8	as something that's like commercial, right? It's not apartment complex. It's not, you know,
1:37.5	I don't need to syndicate a bunch of money, but I can typically earn more cash flow than
	...

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