97: 19 Units in 1 Year and Starting a “Luxury House Hack”

Greg Schwartz didn’t plan on getting into real estate, he was keen on becoming a private pilot. He figured he’d make $200k-$300k per year and that would be enough money to help him retire. That was until he talked to a real estate investor who told him about the potential to make 7-figures in a month. Greg knew that the investor was on to something and he took some time convincing his wife, Rachel, to start investing in real estate.They both went in on a rental property in Alabama, but after some initial stumbles with long-distance investing, they switched their strategy to house hacking in College Station, Texas. Now, only a year into their investing journey, they have 19-units under their name, one of which is a “luxury house hack”.Greg and Rachel have had to be diligent while building and systematizing their real estate. Rachel has already become an expert property manager and has learned through her job how to prioritize, systematize, and organize their business to the best of their abilities. This is a great interview with two rookies who chose to pivot and keep building better with every new property they got under contract.In This Episode We CoverWhat to know before you try your hand at long-distance investing How to convince your partner to make the jump into real estateInvesting in your local market and knowing the small nuances of your areaHouse hacking in a quadplex and dealing with vacancy/troublesome tenantsFinancing your deals using partnerships, retirement savings, and moreSystematizing your business so it can run without youAnd So Much More!Links from the ShowReal Estate Rookie Youtube ChannelAshley's InstagramTony's InstagramReal Estate Rookie Facebook GroupMLSBiggerPockets PodcastBiggerPocketsPropstreamBiggerPockets Podcast 476: Using Partners to Scale & Killing it With Airbnbs w/ Tony J RobinsonAirbnbKellerWilliamsRookie Podcast 91: 8 Units, 10 Wholesale Deals, and $0 Spent on Marketing w/ @LiliinvestsRookie Podcast 33: A Marine (and his Mentor) Buy a BRRRR: Step-by-Step with Joe Roberts and Steve RozenbergGrant Cardone WebsiteCheck the full show notes here: https://www.biggerpockets.com/rookie97

Real Estate Rookie