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7 Deals in 5 Years by Doubling Down on Rentals in a Tough Housing Market

2024/12/2

Real Estate Rookie

AI Deep Dive AI Insights AI Chapters Transcript

People

Ashley Kerr

Ryan Irwin

Tony J. Robinson

主

主持人

专注于电动车和能源领域的播客主持人和内容创作者。

Topics

Ryan Irwin: 我在房地产投资方面的策略与传统观点相反。当利率上升，其他人暂停投资时，我加倍投资，在竞争较少的市场中抓住机会购买房产。我的目标不是建立庞大的房地产帝国，而是通过精明的投资策略实现财务自由。我最初的投资是向岳父母购买房产并将其改造成租赁房。之后，我参与了房地产合资项目，但后来意识到自己想更积极地参与投资过程。我卖掉了我的梦想之车来资助新的房地产投资，并开始进行房屋翻新。我的投资组合包括租赁房、翻新房和多户型公寓楼。我与当地银行建立了良好的关系，并利用储蓄、贷款和自有资金来为投资融资。我利用虚拟助理来处理许多任务，并建立了系统来处理租金收取等流程。我的商业伙伴拥有建筑背景，负责房屋翻新项目的现场管理，而我则负责财务管理。我们定期沟通，明确职责分工，确保项目顺利进行。我的目标是通过提高现金流和资产增值来实现财务自由。我计划通过偿还债务来增加现金流，并根据市场机会调整投资策略。 Ashley Kerr: 我分享了自己如何通过与当地银行建立关系获得贷款，甚至在90天内获得无担保贷款来购买房产的经历。这说明了与贷款机构建立良好关系的重要性。 Tony J. Robinson: 我建议投资者识别自己独特技能，专注于此，并将其他任务委托给他人。即使委托给他人完成的任务质量不如自己，但节省的时间和精力更重要。我分享了寻找虚拟助理的渠道，包括在线求职网站、推荐和Facebook群组。

Deep Dive

Key Insights

Why did Ryan Irwin double down on real estate during a tough housing market?

Ryan saw the rising interest rates as an opportunity to buy properties in a less competitive market, planning to refinance and boost cash flow when rates drop.

What was Ryan Irwin's initial strategy in real estate?

Ryan started with a single-family rental property purchased from his in-laws, which he converted into a long-term rental.

How did Ryan fund his early real estate deals?

Ryan used savings from his nutrition and fitness coaching business, which he had built up over years of entrepreneurship.

What was the turning point for Ryan to become more active in real estate?

Attending BPCon and reading Scott Trench's book 'Set for Life' helped Ryan realize he was holding himself back and could do more.

What is Ryan's current real estate portfolio?

Ryan has two single-family rentals, a duplex, a multifamily syndication, and is currently on his third house flip.

What is Ryan's target cash-on-cash return for house flips?

Ryan aims for a minimum of 10% cash-on-cash return on his flips, focusing on base case scenarios.

How does Ryan plan to increase cash flow from his rentals?

Ryan plans to refinance properties with high interest rates and pay off mortgages to boost cash flow, aiming for over $5,000 a month in the long term.

What advice does Ryan have for rookie investors?

Ryan advises betting on yourself, taking risks, and surrounding yourself with an accountability group to push your limits and grow.

How does Ryan manage his real estate business while working full-time?

Ryan uses a virtual assistant and partners with a business partner who handles the construction and project management for flips.

What is Ryan's long-term goal in real estate?

Ryan aims for financial freedom with a small but mighty portfolio, focusing on cash flow and debt reduction rather than building a large empire.

Chapters

Ryan Irwin, a real estate investor, shares his unconventional strategy of doubling down on real estate investments even when interest rates were rising. He emphasizes the importance of networking and taking calculated risks, even selling his dream car to fund further investments. This approach allowed him to acquire seven deals in just five years.

Increased real estate investments despite rising interest rates
Leveraged networking and relationships
Sold a dream car to fund further investments
Achieved seven deals in five years

Shownotes Transcript

When interest rates rose, many investors stopped buying. But not Ryan Irwin. This rookie doubled down on real estate, choosing whichever investing strategy) made the numbers work. Even in a tough housing market, Ryan’s big bet on real estate paid off, as he’s now up to seven deals and earns a solid chunk of cash flow) each month!

Welcome back to the Real Estate Rookie podcast! It can take a new investor months, sometimes years, to find their first deal. But when Ryan was just starting out, he did the two things every rookie should do: he told everyone he was investing in real estate, and he started attending networking events. Building these relationships has allowed him to buy multiple rental properties), flip houses), and **invest in **syndications)—all in just five years!

But Ryan doesn’t aspire to build his own real estate “empire.” He just wants a small real estate portfolio) that gives him financial freedom. Now that he has several deals under his belt, he plans to stabilize his portfolio and squeeze even more cash flow out of his rental properties by refinancing and **paying off his **mortgages) one by one!

In This Episode We Cover:

Why Ryan is doubling down on real estate (even in a tough housing market!)

The number one thing you can do today to fast-track your investing journey

Why a virtual assistant should be your first hire as you scale (and where to find one!)

Two things you can do to increase your rental property cash flow

Chasing financial freedom with a “small and mighty” real estate portfolio)

How to scale faster by** automating and delegating** low-level tasks

And **So **Much More!

Links from the Show

Ashley's BiggerPockets Profile)

Tony's BiggerPokckets Profile)

Join BiggerPockets for FREE)

Real Estate Rookie Facebook Group)

Real Estate Rookie YouTube)

Set for Life)

The House Flipping Framework)

Shop the BiggerPockets Black Friday Sale and Get Up to 60% Off Your Next Book Purchase)

Buy the Book “The Small and Mighty Real Estate Investor”)

Find Investor-Friendly Lenders)

Achieving FI with Fewer Doors: The Small and Mighty Real Estate Portfolio)

Connect with Ryan)

Check out more resources from this show on BiggerPockets.com) and https://www.biggerpockets.com/blog/rookie-491)

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]).

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