323: 10 Real Estate Deals in 18 Months After Losing 80% of His Income w/Matt Ramirez
1Description
Completing ten real estate deals in only eighteen months might seem ambitious for a rookie investor, but today’s guest had no choice after experiencing a MAJOR loss of income.
In this episode of the Real Estate Rookie podcast, we’re chatting with fitness mentor, professional stuntman, and new investor Matt Ramirez. Between his thriving health business and steady television stunt work, Matt and his family were in a good place financially. Then 2020 hit. With stay-at-home orders and the film industry shutting down, Matt was suddenly making just twenty percent of his usual income. Providentially, he discovered BiggerPockets, caught the real estate bug, and was determined to make a career out of flipping houses. But, like many rookie investors, Matt still had some tough lessons to learn along the way!
If financial hardship has thrown a wrench in your real estate journey, draw inspiration from Matt’s story. Despite struggling to get approved for financing early on and losing money on his third flip, Matt never gave up on his real estate dream. In this episode, he’ll show you how to find the best real estate deals, get financing with inconsistent income, and hire dependable contractors for your rehab projects!
In This Episode We Cover:
Scaling your real estate business FAST without a large income
Finding great real estate deals by leveraging your network
How to get a hard money loan as a first-time investor
DIY home renovation projects you can tackle yourself
The biggest red flags to look out for when hiring a contractor
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Real Estate Rookie Facebook Group
Submit Your Real Estate Rookie Question!
DIY Real Estate Hacks That Will Save You a FORTUNE on Your Deals w/ Shaun Kelly
Flipping Houses: How to Get Started and Everything You Should Know
Get Information on Properties with PropStream
Connect with Matt:
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-323
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