The EASIEST Way to Build a Real Estate Portfolio from ONE Rental
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- Опубліковано 2 чер 2024
- The hardest part of real estate investing is, of course, getting started. Once you have your first rental property, it’s much easier to scale your real estate portfolio than you might think-even if you don’t have much money to your name!
Earning modest salaries from their nine-to-five teaching jobs, Rob Schou and his wife couldn’t afford a large down payment on an expensive property. But by starting multiple side hustles and sharpening their DIY home renovation skills, they were able to purchase a cheaper property and add value to it. The best part? This created a “domino effect,” giving them more capital and momentum for future deals. Even when they didn’t have everything figured out, taking action and having multiple exit strategies meant they always turned a profit-even when a project didn’t go to plan!
In this episode of the “Real Estate Rookie” podcast, you’ll hear about some creative side hustle ideas you can use to fund your next down payment. You’ll also learn how to choose a niche that aligns with your long-term goals, as well as how to build your “buy box” and find the right market. But that’s not all. Rob even dives into new construction, showing you how to buy land, vet builders, and more!
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Real Estate Rookie 395 - Rookie Reply: Using a Car as a Down Payment (!?), ADUs, & House Hacking 101:
www.biggerpockets.com/blog/ro...
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Real Estate Rookie 319 - The Beginner’s Guide to Real Estate Development (with LOW Money Down!):
www.biggerpockets.com/blog/ro...
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Real Estate Rookie 123 - ‘Building’ Wealth as a 24-Year-Old with 12 New Construction Projects:
www.biggerpockets.com/blog/ro...
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Grab Your Copy of “Four Thousand Weeks”:
www.amazon.com/Four-Thousand-...
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Facebook: / rob-schou-living-in-so...
Instagram: @rob_schou_realtor or / rob_schou_realtor
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Connect with Ashley and Tony on BiggerPockets:
Ashley: www.biggerpockets.com/users/e...
Tony: www.biggerpockets.com/users/t...
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Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or / wealthfromrentals
Tony: @tonyjrobinson or / tonyjrobinson
Show notes at: link.chtbl.com/Rookie
00:00 Intro
00:58 Buying the Vacation Home
10:04 Side Hustling for Down Payments
15:52 Analysis Paralysis & Finding Your Niche
22:47 New Construction 101
26:57 How to Vet a Builder
34:47 Choosing Your “Buy Box” & Market
41:07 Connect with Rob!
i vertically integrate my own property managers. Send them to construction college, cloth and feed them at a young age. Formerly incarcerated make great managers in my experience. MOST LOYAL WORKERS I EVER HAD hands down.
I’m gonna use this in my strat thanks for the info some ppl do deserve a second chance
Thank You Tony and Ashley! S/O Rob Thanks for sharing.
Rob, very informative interview. Thank you. I was definitely one of those who thought I could buy one of Instagram building plans and hand it to a builder to build for me. 🤭 Back in 2020, I had an architect friend design a cabin for me and I have yet to build it. Builders/contractors are my biggest worry. Lastly, I agree 💯 from experience about contractors/builders in a rural area. They are truly hard to find. I kind of just have to go from one contractor to another because I did not learn how to build relationships. Again, great stuff. Thank you
I love this. It's amazing how much easier things get when you focus on the front end Deal.
Deer Creek is a beautiful area to visit for sure.
Can you please recommend CPAs who helps real estate investors. Thanks.
I’m pretty sure I’m not to far from you Ashley. I was wondering if you have an attorney you have had a good experience with for estate planning? Thanks.