Huge cash flow after selling most of your real estate portfolio!? Many rookies assume that having more doors equates to more profit, but that’s not always the case. The truth is, if you start identifying the best investing strategy for your property, you can make more cash flow while owning fewer units. Today’s guest has had small and large portfolios alike and has succeeded with both!
In this 300th episode of the Real Estate Rookie podcast, we catch up with past BiggerPockets guest, full-time real estate investor, and two-time best-selling author Rachel “Money Honey” Richards. After 2022 threw her several curveballs, Rachel made the tough decision to sell her thirty-eight-door real estate portfolio and start over. A nomad at heart, Rachel turned her attention to house hacking—a strategy that gives her a place to live while allowing her the freedom to travel six months each year.
Whether you have one door or one-hundred doors, you won’t want to miss out on the important lessons Rachel shares in this episode! She talks about beating analysis paralysis, using a solutions-oriented approach when looking for deals, and when it makes sense to use multiple rental strategies at once. But that’s not all, we’ll also get into creative financing, choosing a real estate niche, finding the best contractors for rehab projects, and more!
In This Episode We Cover
How to build (or rebuild!) your real estate portfolio from square one
Beating analysis paralysis by finding your real estate niche
How to apply a solutions-oriented approach to analyzing deals
Using multiple rental strategies to maximize your cash flow
Networking to find the best lenders and contractors for your properties
Leveraging creative financing to help fund your real estate deals
And So Much More!
Links from the Show
Find an Agent
Find a Lender
Ashley's BiggerPockets Profile
Ashley's Instagram
Tony's BiggerPockets Profile
Tony's Instagram
Real Estate Rookie Facebook Group
Join BiggerPockets for FREE
Retiring in 2 Years Through “Aggressive” Rental Property Investing with Rachel Richards
Early Retirement by 30 with $20K/Month in (Actually) Passive Income
Divorce: The Biggest Marriage and Money Mistakes to Avoid
Rookie Reply: Creative Financing 101 with No Cash, Credit, or Credentials
A Step-by-Step Guide to Estimating Rehab Costs w/ Master Flipper & Investor James Dainard (Part 1)
Finding Contractors, Renovation Red Flags, and Estimating Rehab Costs (Part 2) w/ James Dainard
How Nancy Rodriguez from ‘Love Is Blind’ Hit Financial Freedom BEFORE Fame
Books Mentioned in this Episode:
The House Hacking Strategy by Craig Curelop
Money Honey by Rachel Richards
Passive Income, Aggressive Retirement by Rachel Richards
Connect with Rachel:
Rachel's BiggerPockets Profile
Rachel's Instagram
Grab Your Free Passive Income Starter Kit

Check the full show notes here: https://www.biggerpockets.com/blog/rookie-300
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