One messy, imperfect, low-cash-flow rental property could change your life forever, but maybe not in the way you’d think. No one retires off ONE property, but that first property can provide the education, mindset, and momentum to fuel your second, third, and fourth deals. Today, we’re breaking down our first real estate deals—the ups, the downs, and mistakes we made that YOU should avoid!
Welcome back to the Real Estate Rookie podcast! In this episode, we’re winding back the clock and sharing how we got started in real estate. While Ashley invested in her own backyard and found a partner to help fund the deal, Tony invested out of state and managed renovations remotely. You’ll hear how we stabilized the properties, rented them out, and, eventually, sold them for a big payday!
Whether you’re new to the world of real estate investing or struggling to take action, this episode has something for you. We’ll share why finding your first deal is more important than finding the “perfect” deal, how to use real estate partnerships to fast-track your investing journey, and what we’d do differently if we were starting over today!
Ashley:
On this episode of Real Estate Rookie, we are going to be breaking down our very first deals. Welcome to the Real Estate Rookie podcast. I’m Ashley Kehr.
Tony:
And I am Tony j Robinson. And today you get to hear the origin story of Tony and Ashley. So we’re both going to break down how we got started and what our deals look like, what lessons we learned, and maybe what even we do differently. If we were starting over today, we’ll put that in there as well. So we’ll talk about how we found our deals, how we funded those deals, how we went through our renovation periods, how we stabilize those assets, and then hopefully all of our Ricks that are listening get some good lessons learned.
Ashley:
We definitely have some lessons learned to share. That’s for sure. So Tony, I think because your first deal is kind of famous…