432: From Losing Her Health, Home, & Marriage to Chasing Financial Freedom (5 Doors!)

Real Estate Rookie

Anyone can buy rentals, whether you have some money to deploy or very little to your name. With seemingly everything working against her, today’s guest managed to buy not one, not two, but THREE properties to support her and her daughter on their journey to financial freedom!

Welcome back to the Real Estate Rookie podcast! Bella and River are a mother-daughter investing duo who, just a few years ago, were facing dire circumstances. In a short amount of time, Bella lost her eyesight, foreclosed on her home, and went through a divorce—leaving her with low income and no immediate way to increase it. But when a family member introduced her to real estate investing and brought her a deal, she jumped at the opportunity. Today, this duo has a small portfolio of three rental properties and five doors!

In this episode, you’ll hear about the unique strategies Bella and River are using to choose their markets, vet contractors, screen tenants, complete home renovations, and manage their portfolio. Stick around until the end to hear how they plan to take down their next property, a short-term rental in Indiana, and achieve financial freedom within the next five years!

In This Episode We Cover

How THIS investing duo built a small real estate portfolio from scratch

Putting no money down on an investment property with seller financing

Creative strategies for vetting contractors and screening tenants

What to do when a rental property isn’t projected to cash flow

How to assemble and manage a team when investing out-of-state

How Bella and River are on track to reach financial freedom in FIVE years

And So Much More!

00:00 Intro

00:41 Losing Her Health, Home, & Marriage

04:15 Discovering Real Estate

10:43 Current Portfolio & FIRST Deal

17:32 Building Teams (Out-of-State!)

22:54 Finding New Markets

29:04 How to Vet a Contractor

33:54 How to Vet a Contractor

35:21 Connect with Bella & River!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-432

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