She read Rich Dad Poor Dad, got angry at herself for not having built multiple income streams... and decided to do something about it!

Tricia Baxter is a real estate rookie who got in the game in her mid-40s. In this episode, she shares how she built a healthy portfolio of small multifamily properties on the Jersey Shore.

Tricia's a busy professional with her own law practice, but she still decided to self-manage when she got started—namely, to learn the ropes and create standard operating procedures, which came in handy when she eventually hired a property manager (spoiler: that's her MVP!).

This episode is full of great tips for anyone who aspires to treat their real estate investing like the business it is!

In This Episode We Cover:

Self-managing your first property as a learning exercise
Why Tricia chose to buy long-term rentals in a touristy area
How she finds great vendors using private Facebook groups
How to handle raising below-market rents
Her tips for financing deals creatively
Juggling real estate with a demanding career
The importance of multiple income streams
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/rookie18

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18: Starting at Age 45 With a "1% Rule" Property (in New Jersey!) With Tricia Baxter 58:16 Share

Real Estate Rookie

Shownotes Transcript

18: Starting at Age 45 With a "1% Rule" Property (in New Jersey!) With Tricia Baxter