Can a single real estate deal change your life? Definitely! That’s the topic on today’s “newbie episode” of the BiggerPockets Podcast, where we sit down for several interviews with real estate investors who have just purchased their first deal. In the first interview, you’ll hear how Sunny and SunMarie Burnsused a fantastic “house hack” to invest in an extremely high-priced area. In the second interview, you’ll hear how Sam Valme was able to house-hack his home into a vacation rental that throws off massive cash flow each month. These stories are incredibly inspiring and full of tips that can help new AND experienced investors achieve more in their business!
In This Episode We Cover:
Sunny and SunMarie’s Segment:How Sunny got hooked to the podcastWhy you should consider buying a fourplex as a first propertyHow to find these dealsThoughts on the competitiveness of the real estate marketHow to use house hacking to earn extra cashWhy you should always look out for holding costsHow real estate helped Sunny and his familySam’s Segment:How his mom unknowingly gave him a ticket to real estate investingHow he turned the basement into a rental unitTips for making the financing work on a deal like thisWhy he used an FHA 203K for financingThe benefits of using Airbnb to rent your propertyHow to price Airbnb rentals the right wayHow to use electronic locks and automate the processHis worst tenant experience everAnd SO much more!Links from the ShowBiggerPockets Member’s BlogsWellsFargoBiggerPockets ForumsSchlage Door LocksBiggerPockets WebinarBiggerPockets AnalysisUltimate Beginner’s Guide to Real Estate InvestingBooks Mentioned in this ShowRich Dad Poor Dad by Robert T. KiyosakiThe ABCs of Real Estate Investing by Ken McElroyThe Millionaire Real Estate Investor by Gary KellerThe E-Myth Revisited by Michael E. GerberOutwitting the Devil by Napoleon HillThe ONE Thing by Gary Keller and Jay PapasanThe Book on Managing Rental Properties by Brandon and Heather TurnerTweetable Topics:“House hack and get your tenants to pay your rent, mortgage, and taxes.” (Tweet This!)“Hard work just isn’t enough. You need to figure out the why.” (Tweet This!)“Imagine your perfect day and then, work backwards from there.” (Tweet This!)“It’s better to fail 50 times trying to figure out what you want to do than to sit back for an entire year thinking about it.” (Tweet This!)Connect with SunnySunny’s BiggerPockets ProfileSunny’s WebsiteConnect with SamSam’s BiggerPockets ProfileSam’s WebsiteFacebook ProfileTwitter ProfileInstagramLinkedInCustomer Results Property Management