Real Estate Rookie

Covering your entire mortgage payment in ONE day?! Today’s guest is proof that you don’t need a full-blown real estate portfolio to start making money. She has only ever owned one property, her primary residence, but it brings in up to $16,000 a month being rented out part-time! Welcome back to the Real Estate Rookie podcast! When searching for her first home, Nicole Lulinski Weill wanted a property that could bring in some extra income. She started looking at duplexes and homes with accessory dwelling units (ADUs) before stumbling on her dream house—a vintage home that had been used for film productions—and deciding to tap into its money-making potential as well.  Despite not owning any “rentals,” she can pay her mortgage with a single project. The best part? This unconventional strategy is scalable! Now that Nicole has proof of concept, she plans to buy more of these niche investments in emerging markets and rent them out in the same way! If you want to make money without house hacking or becoming a landlord, you don’t want to miss this episode! Nicole will show you where to find a money-making primary residence, how to rent out your home to film production companies, and steps to protect your home from damage along the way! In This Episode We Cover: How this rookie investor covers her entire mortgage payment in ONE day Why you DON’T need to own rental property to make money in real estate How to turn your own primary residence into a money-making machine Renting your home out to film production companies for a huge payday Crucial steps to protect your house from damage while renting it out And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPokckets Profile Join BiggerPockets for FREE Real Estate Rookie Facebook Group Real Estate Rookie YouTube Nicole’s Instagram Buy the Book “First-Time Home Buyer” Find an Investor-Friendly Agent in Your Area Real Estate Rookie 497 - $1,000,000/Year with 22 Rentals by Focusing on This Ultra-Profitable Niche (00:00) Intro (00:59) Buying (and Renting!) Her Home (10:51) Permitting & Logistics (14:42) Paying Her Mortgage in a Day?! (17:53) Protecting the Property (22:450 Extra Fees & Rental Rates (26:27) The Booking Process (37:08) Connect with Nicole! (33:39) Scaling & Revenue Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-500 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

What’s the right investing strategy for YOU? In this episode, we’re going to hear from an investor who has scaled their real estate portfolio to twenty rentals in just TWO years! Despite their rapid success, they feel “stuck” and aren’t sure which strategy to use moving forward. Stay tuned as we show you how to choose the right strategy while helping them get unstuck! Welcome back to another Rookie Reply! Today, Ashley and Tony are diving into the BiggerPockets Forums and Real Estate Rookie Facebook group to answer more of your recent questions. After showing you how to nail down an investing strategy, we’ll get into landlord anonymity and provide you with several creative ways to protect your personal information from tenants. But that’s not all. We’ll also discuss short-term rental rates and share the dynamic pricing tools we use to find the “sweet spot” for ANY property or market! Looking to invest? Need answers? Ask your question here! In This Episode We Cover: How to nail down the perfect real estate investing strategy for YOU Creative ways to hide your personal information from tenants How to return security deposits to tenants (while staying anonymous!) Determining the ideal nightly rate to charge (for your short-term rental and market!) Maximizing your Airbnb revenue with the BEST dynamic pricing tools And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPokckets Profile Join BiggerPockets for FREE Real Estate Rookie Facebook Group Real Estate Rookie YouTube OpenPhone Google Voice PriceLabs Beyond Pricing Wheelhouse Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-499 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

Don’t have a ton of money to invest in rental properties? No problem! You don’t need hundreds of thousands of dollars to start building wealth. Chris Young, a (not-so) rookie investor from Southern California, started with just five percent down. He bought a $500,000 home in pricey Los Angeles for just $25,000 out-of-pocket. Now, Chris has four rental properties, one of which he uses as a vacation home, and hundreds of thousands in equity! Plus, he did it all while working a W2! Chris knew he wanted to invest in real estate early on. So, when he started his full-time job, he also got his real estate agent license, allowing him to have a backup source of income in case his career didn’t work out. But, thankfully, his real estate has been doing more than alright! He performed a “live-in BRRRR” (buy, rehab, rent, refinance, repeat) on his first property, making him hundreds of thousands in equity, then bought another one! But, after attending BPCon, Chris knew he needed a true investment property. What gets you monthly cash flow and a vacation home to use whenever you want? A short-term rental! But not everything went as planned—one unlucky event put his entire house out of commission for months! However, Chris is still thrilled that he has bought this property. He shares why he picked its specific market, how he dodged local competition, and did it all with just ten percent down! In This Episode We Cover: How to start building your real estate portfolio with just five percent down! The “live-in BRRRR” strategy that made Chris hundreds of thousands of dollars  Picking your vacation rental market and why you DON’T want to go where everyone else is Using a ten percent down second home loan to buy your first short-term rental  The one very unlucky event that cost Chris $40,000 (you CAN’T avoid it!)  And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPokckets Profile Join BiggerPockets for FREE Real Estate Rookie Facebook Group Real Estate Rookie YouTube Grab the Book, “Short-Term Rental, Long-Term Wealth” Find Investor-Friendly Lenders Real Estate Rookie 486 - Quitting His Job with Real Estate After Cracking the Cash Flow Code w/Miller McSwain Connect with Chris (00:00) Intro (02:24) 5% Down First Property (06:57) Property 2 (Rent-by-Room) (11:04) Finding 1st Short-Term Rental (19:36) 10% Down Sequoia Vacation Rental (29:26) Losing $40K! (30:01) Setting Yourself Apart (39:44) Connect with Chris! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-498 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

You can make money in real estate—with or without owning rentals! How? There’s a growing segment of the industry that rookies NEED to know about. It’s more lucrative than long-term rentals, more consistent than short-term rentals, and today’s guest is bringing in $1 million a YEAR with it! Welcome back to the Real Estate Rookie podcast! Jesse Vasquez has mastered the medium-term rental strategy, bringing in over $1 million in revenue each year from twenty-two rentals. But here’s the thing. You don’t need a huge real estate portfolio to use this investing strategy and repeat his success. In fact, you don’t need to own ANY rentals to get started, making it the perfect option for new investors. But make no mistake—you’ll need to roll up your sleeves and get your hands dirty to build this type of real estate business! In today’s episode, Jesse will show you how to tap into this emerging segment of the market. You’ll learn how to build your network, land your first contract, and become a trusted “broker” for human resource and recruiting companies throughout your market. You’ll also learn the ins and outs of setting up medium-term rentals and how to convert an existing rental property into a thirty-day stay! In This Episode We Cover: The corner of the real estate industry that investors are still overlooking How to set up your own medium-term rental property in 2025 How to build your network, land your first contract, and earn money from referrals The clients that make the BEST guests (and how to find them!) Must-have amenities to include with your medium-term rental property How Jesse makes over $1 million in annual revenue from twenty-two rentals And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPokckets Profile Join BiggerPockets for FREE Real Estate Rookie Facebook Group Real Estate Rookie YouTube Buy the Medium-Term Rental Guide “30-Day Stay” Find an Investor-Friendly Agent in Your Area How to Invest in Medium-Term Rentals Connect with Jesse Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-497 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