Ready to build your real estate empire… but not sure where to begin? Think of us as your personal trainer. From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask. Looking to 10X your real estate investing business this year? This show isn’t for you. Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Monday, Wednesday and Friday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.
https://www.biggerpockets.com/podcasts/real-estate-rookie
episode 10: 2 Long-Distance Rentals with $0 Down with Tony Robinson
Tony Robinson had every excuse NOT to invest.
Expensive local market? Demanding full-time job? Family responsibilities?
Check, check, and check.
So, how did he pull off his first two deals in a cash flow-friendly market 1,500 miles away?
Today, Tony spills the beans: how he got a bank to loan him 100% of purchase AND rehab cost, how he managed contractors from afar, two crucial lessons he learned on his first deal, and much more.
Tony shares tip after tip for investors like you—especially if you live in a pricey area (he lives in Southern California and invests in Shreveport, Louisiana).
Plus, he dives into the mindset shifts that helped him break through—and how becoming a father at a young age led to a goal of achieving financial independence.
We guarantee you'll get value out of this episode. If you agree, subscribe to the show and give us a rating and review in Apple Podcasts. See you next Wednesday!
In This Episode We Cover:
- How Tony got past a failed first deal
- Zeroing in on one zip code when looking for deals
- Why he chose to invest in Shreveport, LA
- How he pulled his money out by refinancing
- Why real estate is "80% mental"
- Finding a real estate agent and property manager out-of-state
- Managing renovations remotely using FaceTime
- How a local bank funded 100% of his projects
- How a construction loan works and what "draws" are
- Analyzing local rents
- Why he locked in his tenants on a 2-year lease
- And SO much more!
Links from the Show
- Real Estate Rookie Facebook Group
- BiggerPockets Podcast
- Rookie Podcast 08: Why Pay Someone Else’s Mortgage? Ditching $20K/Year Rent with Mallori and Lucas
- Brandon Turner's Instagram
- Zillow
- BiggerPockets Forums
- Cashflow Game
- BiggerPockets Conference
Check the full show notes here: http://biggerpockets.com/rookie10
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