In today's episode, you'll meet a power couple who both immigrated to the U.S. seven years ago and soon decided real estate would be their path to financial freedom.

Arvi Carkanji and Dave Arlaud are Nashville-based flipper-investors, who are dividing and conquering to run a successful business while building a stable of rental properties. Arvi handles acquisitions (listen for the Rookie Request Line about direct mail), while Dave is a licensed contractor who takes charge of construction.

Together they walk us through their approach to renovating houses and working with subcontractors and dive into the deal that motivated Arvi to quit her first (and quite possibly last) "real job."

If you're thinking about taking on "value-add" projects—and you probably should be—listen close to hear these two rookies walk us through their process!

In This Episode We Cover:

How Arvi and Dave wound up as real estate investors just a year out of college
How they work with contractors, step by step
Dave's "25-25-50" payment plan for contractors
The different stages involved in renovating a house
Red flags to look for when inspecting work
Due diligence and permits
Transforming a single-family home into a duplex
Raising private money as a newbie
Renting staging furniture from companies like Rent-A-Center
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/rookie19

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19: Going Full-Time as a Rookie Right Out of College With Arvi Carkanji and Dave Arlaud 01:05:20 Share

Real Estate Rookie

Shownotes Transcript

19: Going Full-Time as a Rookie Right Out of College With Arvi Carkanji and Dave Arlaud