Some simple DIY investing hacks could save you thousands of dollars. But, as a rookie, the thought of tackling your own home renovation projects might be a little intimidating. Bringing sweat equity to a deal, however, can help you save a ton of money and even make you more valuable in a partnership.
In this episode of the Real Estate Rookie podcast, we’re chatting with Shaun Kelly, whose road to real estate investing was anything but fast or easy. Shaun spent nine years in the analysis paralysis phase before he finally pulled the trigger on his first deal. Since then, he has built a portfolio of nine properties in four years and has refined his DIY skill set to the point where he can perform all types of rehab projects for a fraction of the typical cost.
Whether you’re looking for creative ways to increase profits on your investment properties or bring value other than capital to a partnership, tune in to hear Shaun’s biggest money-saving DIY hacks and his journey, from making simple fixes to performing major home renovations. Ashley and Tony discuss their own experiences with DIY projects and list the jobs they prefer to outsource to a pro!
In This Episode We Cover
DIY hacks that will help you save a FORTUNE on home renovation projects
How to stop overanalyzing and finally land your first real estate deal
How to account for sweat equity when structuring a partnership
The importance of documenting your journey as a new real estate investor
Harnessing the power of YouTube to build your network and create another income stream
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
Submit Your Real Estate Rookie Question!
Analyze Your Deals with the BiggerPockets Investment Calculators
Achieving FI with Fewer Doors: The Small and Mighty Real Estate Portfolio
Follow Ashley Wilson on Instagram
Book Mentioned in the Show:
Real Estate Partnerships by Ashley Kehr and Tony Robinson
The Gap and the Gain by Dan Sullivan
Connect with Shaun:
Shaun's BiggerPockets Profile
Shaun's YouTube

Check the full show notes here: https://www.biggerpockets.com/blog/rookie-311
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