Show Notes
What if the one thing stopping you from buying your first rental property isn’t money, or connections, but the belief that it’s just not possible for someone like you? Today’s guest is proof that with the right game plan, real estate investing offers a path that can set anyone free, including YOU, from the nine-to-five grind!
Welcome back to the Real Estate Rookie podcast! Crystal Lloyd didn't have connections, a trust fund, or a head start. What she had was a two-hour daily commute and a willingness to do what most people won't. She volunteered at BPCON to get in, and walked out with the relationships that led to her first deal! And in this episode, she breaks down exactly how she bought it, including the grant “stack” that helped her pay zero out of pocket and the “layered” house hacking strategy most rookies don’t want to try.
But that’s not all. Crystal also shares lessons from a bad contractor experience, and the tenant screening process every rookie needs. If you've ever felt like real estate was out of reach, Crystal's about to show you that anyone can start today!
In This Episode We Cover
The exact moment that sparked Crystal’s real estate investing journey
The grant “stack” Crystal used to buy her first deal with $0 out of pocket
How Crystal pays just $50 a month to live in the house she owns
The tenant pre-screening questionnaire every new investor needs
Lessons learned from a bad contractor experience (that you can avoid!)
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-740.
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices
More from Real Estate Rookie
What would you do if you had to start your real estate portfolio over with little money and no experience? We’d do it a lot differently the second time around!
Ever made a money decision you'd give anything to redo? You can't rewind the clock, but you can try again, even with a full-time job and a full house!
Pulling equity out of your home to buy your next rental can feel like free money, but it isn't. Whether you use a HELOC or a cash-out refinance, if you don't run the numbers the right way, it can eat up your cash flow…fast. But if you get it right, the equity you've already built can fund your next down payment without draining your savings, while growing your portfolio!
Thinking about investing in long-term rentals? Finding the property is only half the battle. Getting it rent-ready, landing great tenants, and keeping everything running smoothly is where successful landlords get it right. So today, we're flipping the script and bringing Ashley into the hot seat to share exactly how she does it, and the costly mistakes to avoid along the way!
Most rookies think you need dozens of rentals before you can walk away from your job. But what if the fastest way to replace your income didn’t require building a huge portfolio?