87: Couple Leaves Their W2s (During COVID!) To Go Full Time in Real Estate

Young love is beautiful, but what’s even more beautiful is young love that produces residual income together! That’s exactly what Sam and Nick of Eagle Hill Homes have done. Even though they have been together since their teenage years, Sam still had to be nudged by Nick to get into real estate investing. Once Sam started designing, planning, and executing on rehabs, she knew that this was the life for them.Now, Sam is a certified general contractor and Nick is a loan officer. But these weren’t the couple’s original jobs, far from it actually. Nick was in corporate insurance sales while Sam was in marketing. Once they had 6 units under their name and they were making enough money to pay for their lifestyle, they quit their W2s and jumped into the real estate industry!Now they’re rehabbing, renting out, and house hacking anything that has “value add” potential for them. They’ve taken very smart steps to renovate houses for far higher cash flow and ARV, gotten mortgages with 90%+ financing, and used their own specific skills to grow a flourishing rental portfolio!In This Episode We CoverLeaving a W2 job to pursue a career in real estateFinding “value add” potential in dealsFinding off-market properties and negotiating with sellersUnderstand the “why” behind a seller’s reason to offload their propertyHouse hacking tips and how to keep your sanity when living close to tenantsAnd So Much More!Links from the ShowReal Estate Rookie Facebook GroupReal Estate Rookie Youtube ChannelAshley's InstagramTony's InstagramTony's PodcastBiggerPockets PodcastCozyMLSApartmentsRookie Podcast 02: Going All Out to Secure Deal No. 1 (For Sale By Owner!) with Tim GoutosCheck the full show notes here: https://www.biggerpockets.com/rookie87

Real Estate Rookie