315: House Poor to HUGE Cash Flow by Doing THIS: Robuilt’s Rags-to-Riches Story w/Rob Abasolo
Description
Going from house poor to earning HUGE cash flow and building a real estate empire? The journey to wealth through real estate was no walk in the park for today’s special guest. After figuring out that someone else would actually pay his mortgage for him, however, it became a whole lot easier!
Welcome back to the Real Estate Rookie podcast! Today, we’re joined by none other than Rob (Robuilt) Abasolo—investor, YouTuber, and co-host of the BiggerPockets Real Estate podcast. Born to first-generation immigrants who worked tirelessly to provide him with a better life, Rob grew up knowing how to live below his means. Little did he know that this mindset would prove critical when he and his wife were stuck with a mortgage payment they couldn’t afford. It was at this time that Rob discovered house hacking and put the strategy to the test—with enormous success! Ultimately, this proof of concept would give him the courage to build and scale his very own real estate business.
If you need to be reminded that investing in real estate is a viable path to financial freedom, look no further than this ultimate rags-to-riches story. As Rob reflects on his days as a rookie investor, he shares why it’s so important to document your journey, different ways to subsidize your mortgage, and how to get your spouse on board with your real estate obsession!
In This Episode We Cover:
Why you NEED to start documenting your real estate journey today
Supplementing your income with creative side hustle ideas
How to get your spouse on board with your real estate ventures
Subsidizing your mortgage payment through house hacking and rental arbitrage
Using proof of concept to scale your real estate business
Money-saving DIY home renovation projects (and when to hire a pro instead!)
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Real Estate Rookie Facebook Group
Submit Your Real Estate Rookie Question!
Listen to the "BiggerPockets Real Estate" Podcast
Meet Rob at BPCon 2023 in Orlando
10 Deals on a $20K Waitress Salary With Ashley Hamilton
Connect with Rob:
Join Rob at HostCon on October 28–30 in Houston, TX
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-315
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