No real estate investing journey is ever sunshine and rainbows, but some are certainly more difficult than others. Many rookie investors are either so fearful of making a mistake that they experience “analysis paralysis” or are so eager to own property that they rush into several costly mistakes. Today’s guest fell into the latter camp!
Welcome back to the "Real Estate Rookie" podcast! Today, we’re joined by Tyrin Tyson, a travel nurse who made his fair share of mistakes on the way to his first deal. After working tirelessly to save up extra cash for real estate, Ty hastily bought two properties at an auction. Come to find out, they weren’t exactly as advertised. To make matters worse, some bad advice led to a nightmare rehab project that went $20,000 over budget and took nearly two years to complete.
If you want a realistic picture of the average real estate journey, this is an episode you won’t want to miss! Hear how Ty earned the capital to invest (including a fun side hustle!), weathered the storms of his first deal, and found a real estate community that pushed him to keep going when giving up seemed like the best option.
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~~~~ Books Mentioned in This Episode: The Book on Tax Strategies for the Savvy Real Estate Investor: Real Estate Partnerships: The Cashflow Quadrant: ~~~~ Manage Your Rental Property with Stessa:
~~~~ Connect with Ty: YouTube: @theurbannurse or Instagram: @theurbannurse or LinkedIn: ~~~~ Connect with Ashley and Tony on BiggerPockets: Ashley: Tony: ~~~~ Connect with Ashley and Tony on Instagram: Ashley: @wealthfromrentals or Tony: @tonyjrobinson or
Show notes at:
00:00 Intro
03:05 The Power of Community
13:10 Lifestyle Creep
19:01 Landing the First Deal
32:48 NIGHTMARE Rehab
48:17 Find Your Community!
53:53 Rookie Request Line
56:45 Rookie Exam
01:01:09 Rookie Rockstar
01:01:55 Connect with Ty!
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By: Real Estate Rookie Title: How to Survive the Highs and Lows of Real Estate Investing Sourced From: www.youtube.com/watch?v=CokFZhQQyGk
