#149 with Tony Robinson: Scaling to 10 Units in Under a Year & His Path towards Financial Freedom
Millennial Millionaire Real Estate Podcast
English - January 06, 2021 18:50 - 42 minutes - 78.2 MB - ★★★★★ - 56 ratingsInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode, Jonathan Farber interviews Tony Robinson on his path from buying his first property barely more than a year ago to hosting the BiggerPockets Rookie Podcast and building a growing rental portfolio with 10 deals either done or under contract. Tony is an out of state short and normal term rental investor based in Southern California. In this episode, we break down topics like: getting your first deal done first, executing out of state, value add deals, keeping a full time job into real estate, and more!
Top Takeaways:
Why your first deal is worth the effort - 7:45 - 8:45
Although the first deal can sometimes be overlooked, it’s a crucial step to a successful career
Not taking the first step has killed countless dreams before they got off the ground
Frame your early goals around finishing your first deal, not necessarily scaling immediately
Adding value to a property from across the country - 12:00 - 14:00
If you have the right mindset about the deal and the right team to execute, you can make it work
Think about how much you personally would get out of being able to walk through the property
Make sure you find the right people: an agent, a general contractor, an inspector you can trust
Balancing a full time job with an expanding real estate portfolio - 19:45 - 21:00
There’s no magic solution to making everything fit nicely
Don’t worry about creating balance inside every individual day - take a longer time scale
Intentionally balancing time across a week or even a month keeps you focused longer
How to bring value to Tony Robinson:
Check out the BiggerPockets Real Estate Rookie Podcast
Resources:
Social Links:
biggerpockets.com/users/TonyR75
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