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266: Rookie Reply: Unpermitted Renovations, House Hack Profits, and Frozen Pipes

266: Rookie Reply: Unpermitted Renovations, House Hack Profits, and Frozen Pipes

FromReal Estate Rookie


266: Rookie Reply: Unpermitted Renovations, House Hack Profits, and Frozen Pipes

FromReal Estate Rookie

ratings:
Length:
50 minutes
Released:
Mar 4, 2023
Format:
Podcast episode

Description

If you live in a high-cost-of-living area, a house hack could solve many of your money-related problems. Sharing your living space isn’t always easy, but with a few simple tricks, you can make it more than worth your while. From subsidizing your cost of living to generating cash flow while you’re still staying at the property, house hacking has some almost unbelievable benefits that ANY investor can capitalize on. And Ashley and Tony have some great tips to share!
Welcome back to this week’s Rookie Reply! Whether you’re a homeowner, landlord, or both, you’ll want to hear our hosts’ tips for preventing frozen pipes and what to do when it happens anyway. We also explore unpermitted rental property renovations, the nuances of buying properties that are for sale by owner (FSBO properties), and when and why to use electronic keypad door locks. You’ll even learn how to find the lender on ANY property in the nation the next time you plan a creative real estate deal!
If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).
In This Episode We Cover
Living for free, generating cash flow, and the HUGE benefit of house hacking
Why unpermitted renovations aren’t always deal breakers
Winterizing your rental or primary residence (and keeping your pipes safe!) 
How a for sale by owner (FSBO) purchase differs from a regular realtor deal
The benefits and limitations of smart-home technology 
How to find the lender of ANY property in your area
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Real Estate Rookie Facebook Group
Real Estate Rookie Podcast
Making $90K/Year with Just ONE Rental by Combining Compassion and Cash Flow
BiggerPockets instagram
BiggerPockets
BiggerPockets Bootcamps
Airbnb
RemoteLock
PropStream
Books Mentioned in this Show:
Real Estate Rookie: 90 Days to Your First Investment by Ashley Kehr
The House Hacking Strategy by Craig Curelop
Connect with Ashley and Tony:
Ashley's BiggerPockets Profile
Ashley's Instagram
Tony's BiggerPockets Profile
Tony's Instagram

heck the full show notes here: https://www.biggerpockets.com/blog/rookie-266
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Mar 4, 2023
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.