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119: A Single-Mom’s Second Chance at Success with Real Estate Investing

119: A Single-Mom’s Second Chance at Success with Real Estate Investing

FromReal Estate Rookie


119: A Single-Mom’s Second Chance at Success with Real Estate Investing

FromReal Estate Rookie

ratings:
Length:
49 minutes
Released:
Oct 6, 2021
Format:
Podcast episode

Description

Susan Reehill has defied the odds time and time again. She was a teenage mother, having her first son at the young age of sixteen. For most young and single mothers, the chance of becoming a homeowner, let alone an investor is slim, to say the least. At forty-two years old, Susan decided to make two big jumps in her life and career: graduate from college and buy her first home. She succeeded at accomplishing both.As the years passed by, Susan wanted to be a closer distance to her local downtown area. So, she decided to look at buying a new home. When her old home was having a hard time selling, she decided to try and rent it out, which she did with very little property management knowledge or landlording skills. Her tenant brought in ten different individuals to live with her, half of which weren’t authorized on the lease. In only six months, her tenant did more damage to her house than Susan had done in the several years she lived there.But, this didn’t stop Susan’s will to create long-lasting wealth. She began listening to more real estate podcasts, one of which was the Real Estate Rookie podcast. She ended up joining Ashley’s first round of the Real Estate Rookie Bootcamp, where after 90 days Susan was able to score a phenomenal deal, over $100k+ under the asking price!In This Episode We CoverBreaking through the societal norms of who you’re supposed to be at a certain ageBecoming an “accidental landlord” and what everyone should know before they rent their homeMaking it known that you’re an investor who is actively looking for good dealsWhy a deal is still a deal even if you have to pay PMI (private mortgage insurance) Finding contractors through meetups, fellow investors, and Facebook groupsWhy you don’t need to be rich to start investing in real estateAnd So Much More!Links from the ShowReal Estate Rookie Youtube ChannelAshley's InstagramTony's InstagramReal Estate Rookie FaceBook GroupReal Estate Rookie BootcampRookie Podcast 109: From Sleeping in His Car to Multi-Unit Landlord & The “Nomad” StrategyInvestor Girl Britt's InstagramBiggerPocketsCheck the full show notes here: https://www.biggerpockets.com/rookie119See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Oct 6, 2021
Format:
Podcast episode

Titles in the series (100)

Ready to build your real estate empire… but not sure where to begin?Think of us as your personal trainer.From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.Looking to 10X your real estate investing business this year? This show isn’t for you.Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.