The Rookie’s Secret Weapon for Creating Cash Flow in ANY Real Estate Market w/Jean Augustin

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 14 August 2024

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Anyone can get into real estate investing. Seriously, anyone! With today’s high interest rates, it may be more difficult to find a rental property that cash flows, but even if you’re in a white-hot real estate market or don’t have much money, there are still many creative ways to get started! Welcome back to the Real Estate Rookie podcast! From the moment his $22,000 military bonus hit his bank account, soldier Jean Augustin knew exactly how he’d be using the cash. After a few months of education and research, the perfect first property fell in his lap—a duplex that hadn’t even reached the multiple listing services (MLS). This 2020 deal was a home run by today’s standards, but as market competition increased and interest rates rose, Jean found that great deals were becoming scarce. Rather than switching markets or giving up on real estate, he pivoted to another investing strategy! In this episode, you’re going to learn that you don’t need to find the perfect market—you just need to find the right strategy. Tune in as Jean shares his journey from long-term rentals to short-term rentals to medium-term rentals. Along the way, you’ll learn all about VA loans and their benefits, mistakes to avoid when analyzing an Airbnb, and how to make money without owning rentals! In This Episode We Cover: How to find the perfect investing strategy for your real estate market Snatching up a GREAT deal before it reaches the multiple listing service (MLS) How to create your own income stream from someone else’s property The VA loan and its benefits (and a similar loan for non-veterans!) Critical mistakes to avoid when analyzing a rental property How to make more money from your Airbnb during slow months And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPokckets Profile Join BiggerPockets for FREE Buy the Book “Start with Strategy” Property Manager Finder See Ashley and Tony at BPCON2024 in Cancun! Real Estate Rookie - Episode 261: How Nancy Rodriguez from ‘Love Is Blind’ Hit Financial Freedom BEFORE Fame Jean’s LinkedIn (00:00) Intro (00:55) Investing His Work Bonus! (07:04) Landing His First Deal (12:58) Numbers on the Duplex (16:28) VA Loan Pros & Cons (21:31) Airbnb Arbitrage 101 (26:32) Critical Airbnb Mistakes! (31:25) Pivoting to Medium-Term Rentals (37:38) Connect with Jean! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-444 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	Hey everyone, welcome to the Real Estate Rookie Podcast.
0:02.8	I'm Ashley Kerr and I'm here with Tony J Robinson.
0:06.4	And welcome to the Real Estate Rookie Podcast where every week, three times a week,
0:10.1	we bring you the inspiration, motivation, and stories you need to hear to
0:13.9	kick start your investing journey. Now we're joined today by Jean Augustine who is
0:18.1	in the military and started investing in real estate just three years ago
0:21.3	while making only 40,000000 a year. Now he utilized
0:24.8	a different real estate investing strategies to say competitive in this market
0:28.8	including short-term rental arbitrage. Now he believes that with the high
0:32.2	interest rates calculated moves are even more
0:35.2	vital than ever so today we're going to learn the benefits of using a VA loan
0:39.3	when to adjust your real estate investing strategy and what short-term rental arbitrage is
0:44.2	and how you can get started.
0:45.3	So Jean, welcome to the show, brother.
0:47.0	All right, thank you guys so much, Ashley and Tony.
0:49.2	I'm so excited to be on the show.
0:51.2	I'm ready for the conversation.
0:52.3	I can't wait to give a lot of
0:54.0	knowledge and value to the listeners. Well we're so happy to have you here do you want to
0:58.0	start off with telling us a little bit about the beginning of your investing
1:02.0	journey and what strategy did you actually pick when you've about the beginning of your investing journey?
1:02.7	And what strategy did you actually pick
	...

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