Rookie Podcast 87: Couple Leaves Their W2s (During COVID!) To Go Full Time in Real Estate
Real Estate Rookie
English - June 16, 2021 06:00 - 53 minutes - 48.8 MBInvesting Business Entrepreneurship real estate entrepreneurship rental property financial freedom house flipping real estate investing Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
Young love is beautiful, but what’s even more beautiful is young love that produces residual income together! That’s exactly what Sam and Nick of Eagle Hill Homes have done. Even though they have been together since their teenage years, Sam still had to be nudged by Nick to get into real estate investing. Once Sam started designing, planning, and executing on rehabs, she knew that this was the life for them.
Now, Sam is a certified general contractor and Nick is a loan officer. But these weren’t the couple’s original jobs, far from it actually. Nick was in corporate insurance sales while Sam was in marketing. Once they had 6 units under their name and they were making enough money to pay for their lifestyle, they quit their W2s and jumped into the real estate industry!
Now they’re rehabbing, renting out, and house hacking anything that has “value add” potential for them. They’ve taken very smart steps to renovate houses for far higher cash flow and ARV, gotten mortgages with 90%+ financing, and used their own specific skills to grow a flourishing rental portfolio!
In This Episode We Cover
Leaving a W2 job to pursue a career in real estate
Finding “value add” potential in deals
Finding off-market properties and negotiating with sellers
Understand the “why” behind a seller’s reason to offload their property
House hacking tips and how to keep your sanity when living close to tenants
And So Much More!
Links from the Show
Real Estate Rookie Facebook Group
Real Estate Rookie Youtube Channel
Rookie Podcast 02: Going All Out to Secure Deal No. 1 (For Sale By Owner!) with Tim Goutos
Check the full show notes here: https://www.biggerpockets.com/rookie87