logo
episode-header-image
Jun 2020
1h 2m

15: 5 Steps to Reach Financial Freedom i...

BIGGERPOCKETS
About this episode

In 2017, she had done zero deals. Today, she's got 20 units and is nearing her goal of financial freedom by age 45.

In this episode, Elyse Rasmussen shares five tips for rookies interested in long-distance investing... although each can easily be applied to investing in your own backyard, too.

Check out her Instagram page @investingforfinancialfreedom for some #landlordmemes, and be sure to join the Real Estate Rookie Facebook group to tell us what you think of this episode!

In This Episode We Cover:

  • Elyse and her husband's plan to reach financial freedom by age 45
  • What to look for when choosing a market out of state (climate, natural hazards, tax policies, etc.)
  • Joining a network of long-distance investors to find referrals
  • Finding and vetting a dual property manager/real estate agent
  • Her approach to insurance policies for 19 properties
  • Buying properties at online auction, step by step
  • And SO much more!

Links from the Show


Check the full show notes here: http://biggerpockets.com/rookie15

Learn more about your ad choices. Visit megaphone.fm/adchoices

Up next
Yesterday
This Real Estate “Rule” Is Costing You Wealth! (Rookie Reply)
Welcome to another Rookie Reply, where Ashley and Tony answer questions from the BiggerPockets Forums and Real Estate Rookie Facebook group. This time, we’re covering questions like: How to approach house hacking when high listing prices and rents don't align? Should you delay re ... Show More
34m 44s
Jul 9
This Lucrative “Rental” Strategy Brings in $800,000 Per Year
Buying a regular rental property can provide steady, predictable income, but if you're looking for something more lucrative, we’ve got the perfect strategy for you. Today’s guest used it to build a real estate business that brings in $800,000 in annual revenue. The best part? It ... Show More
52m 42s
Jul 7
$900/Month Cash Flow from His FIRST Rental ($0 Down!)
Could rental properties be your ticket to financial freedom? When today’s guest realized his “secure” corporate job wasn’t quite as secure as he thought, he plunged head-first into real estate investing and hasn’t looked back. In just three years, he’s built a real estate portfol ... Show More
42m 32s
Recommended Episodes
Apr 2021
458: Ditching "Active Investing" for More Passive Income Streams with Tamar Hermes
Every real estate investor knows that things don’t always go as well as we’d like. What happens when you’re hit with a $16,000 bill to fix a sewer, or when 20 of your tenants call you all at once with problems? Some things, like those examples, make active real estate investors e ... Show More
1h 8m
Aug 2023
Maximize Your Wealth with Boutique Short Term Rental Investments
Today, we delve into a powerful conversation with Tresa Todd about the world of boutique short-term rentals! Tresa is the founder of the Women’s Real Estate Investors Network, the nation's largest learning and networking community for women real estate investors. She is an aw ... Show More
38m 14s
Aug 2022
Here is what holds you back: YOU (Minisode)
Sometimes, the only person stopping us from moving forward is ourselves. It takes courage to admit that and even more so to get out of our own way and go beyond our limiting beliefs and habits. In this minisode, Liz and Andresa want us to reflect on the ways we are holding oursel ... Show More
14m 13s
Jul 2023
431: Women in Real Estate: Closing the “Investing Gap” and Getting Started
The gender investing gap is real, but it’s not due to women lacking capital. More often than not, women are saving their money rather than investing in real estate and allowing it to grow. As successful women in real estate, today’s guests are here to break down the reasons for t ... Show More
44m 31s
Nov 2022
Real estate was made for us (Minisode)
While it is still generally a male-dominated industry, women are changing the game of real estate. More women are holding positions of power, leading high-performing teams, and achieving multimillion-dollar milestones. If you’re still unsure about starting your investing journey ... Show More
13m 29s
Nov 2022
Turn your short term rental into a scalable business by operating on a higher level
Running a short-term rental has its own advantages and associated risks. It pays off to be prepared from the beginning and improve as you learn along the way. As the market for this is getting tighter, how do you stand out from the competition and find a guest that would keep com ... Show More
48m 45s
May 2022
How She Grew to 90 Rentals Doors in 9 months
When you’re life is turned upside down, how will you find your ground? In this episode, Chandra Lacy tells us how she rose up from a challenging situation and created a new path for herself as a real estate investor. She found a gap in the market and structured a business model t ... Show More
48m 19s
Mar 2024
909: 6 Expert Tips for Out-of-State Real Estate Investing
Can’t invest in your own backyard? Out-of-state investing is the way to go! With it, you can invest nationwide, finding more cash flow or appreciation potential than you would in your local area. But managing a rental property portfolio from hundreds, if not thousands of miles aw ... Show More
21m 48s
Jan 2024
Mastering Real Estate Investing in 2024 with Liz Faircloth
Is real estate investing a goal you have for 2024, but you don’t know where to start? You’re in luck because our guest, Liz Faircloth, will blow your mind with some of the best and most practical real estate investing advice you need this year. Liz co-founded The Real Estate Inve ... Show More
46m 35s
Aug 2022
Is it going to get better? How to Chase the Bright Side with Simplicity
These days, it’s too easy to feel swallowed up by social media and lose track of the things that truly matter. How can we shut off the noise and stop using other people as a measure of success?  In this episode, Jess Ekstrom defines what true success is and how we could chase it ... Show More
41m 35s
Listen to millions of songs and podcasts on Anghami