This Real Estate “Rule” Is Costing You Wealth! (Rookie Reply)

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 11 July 2025

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to another Rookie Reply, where Ashley and Tony answer questions from the BiggerPockets Forums and Real Estate Rookie Facebook group. This time, we’re covering questions like: How to approach house hacking when high listing prices and rents don't align? Should you delay refinancing a BRRRR due to high interest rates? What's the best strategy when your tenant wants to break their lease early during winter? 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-586 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	You've got cash ready, but can't make the numbers work for a house hack.
0:04.6	High interest rates are shaking your burr plans and your tenant wants out of their lease early.
0:10.7	What's now?
0:11.6	Today we're unpacking three pressing questions that many rookies are facing right now with real solutions that you can apply immediately.
0:23.2	This is the Real Estate Rookie Podcast.
0:25.6	I'm Ashley Care.
0:26.7	And I'm Tony J. Robinson.
0:28.4	And with that, let's get into our first question.
0:30.9	So question number one today comes from Ben.
0:33.6	Ben says, hey, everyone, I'm 26 years old.
0:36.4	My wife is 29.
0:39.6	We've been travel nursing for the last two years and have a pretty great cash pile to get started in real estate investing. We were planning
0:44.3	on traveling longer, but just found out that we're expecting. Odds are we will need to reel in
0:49.2	our wonderlust and settle back down where it all started, which is Akron, Ohio. The main goal for us is to find a two to four unit, preferably turnkey, and it live in one side for a year or so before refinancing and scaling.
1:02.0	An issue I'm running into in my market, though, is high listing prices and lower rents not meeting the 1% rule.
1:09.7	Those that do not meet the 1% rule are value ads that
1:12.6	will need more work than I can put in right now. Looking for input, though, on a duplex I found
1:17.7	in a great area, it's listed at $285,000 and one side is already renting for $1,100.
1:24.7	It's newly renovated and turned key. If we live on one side, we'll still be paying $835 per
1:31.2	month plus utilities. This seems like a lot for a house hack. Is the asking price outrageous?
1:37.4	Is the rent too low? Or are these situations the new normal? All right. So house hacking and
1:42.4	what actually makes a house hack a good deal?
	...

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