Ever made a money decision you'd give anything to redo? You can't rewind the clock, but you can try again, even with a full-time job and a full house!
Welcome back to the Real Estate Rookie podcast! At 18, Josh Yeatts turned down his family's nearly paid-off mobile home park. Years later, after accidentally becoming a landlord, he sold that rental out of frustration. Looking back, Josh realized he was missing out on family time and wanted more freedom, and real estate investing seemed to unlock that! He and his wife agreed to run it like a business, and built a six-property portfolio, all while working a W-2 job, serving as a pastor, and raising six kids!
Josh shares how he scraped together the down payment on his first rental property with a tax refund and home equity, the importance of building relationships with your agent, lenders, and vendors, and covers the reason he skipped his inspection (and why you shouldn't!). He walks us through his first BRRRR, how he finds contractors he can trust, and the multigenerational housing plan that converted three family homes into rentals that more than cover his new mortgage!
If you've ever wondered whether it's too late to start (or start over), this episode is your sign!
In This Episode We Cover
Using your tax refund and home equity to fund your first rental property
How to get your spouse on board with real estate investing
Why an investor-friendly agent can make your first deal easier
Doing your first BRRRR (buy, rehab, rent, refinance, repeat) with a DIY rehab
How to find and vet contractors you can trust
The multigenerational housing plan that turned family homes into rentals
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-785.
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