BiggerPockets Podcast 210: “My First Deal Changed My Life!” A Newbie Show with Sunny, SunMarie, and Sam

BiggerPockets Podcast 210: “My First Deal Changed My Life!” A Newbie Show with Sunny, SunMarie, and Sam

2 min read
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Can a single real estate deal change your life? Definitely! That’s the topic on today’s “newbie episode” of the BiggerPockets Podcast, where we sit down for several interviews with real estate investors who have just purchased their first deal. In the first interview, you’ll hear how Sunny and SunMarie Burns used a fantastic “house hack” to invest in an extremely high-priced area. In the second interview, you’ll hear how Sam Valme was able to house-hack his home into a vacation rental that throws off massive cash flow each month. These stories are incredibly inspiring and full of tips that can help new AND experienced investors achieve more in their business!

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This Show Sponsored By

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Famous Four Sponsor

MACK-INV-logo_OverviewA huge thanks as well to our Fire Round sponsor MACK.

MACK Investments is the nation’s longest tenured turnkey operator with over 38 years of combined experience, with its fully vertically integrated operation in the US’s most diverse economy, Chicagoland. With over 2000+ homes under management, we serve over 300+ investors across 11 different countries. Homes are priced below 200 thousand and will generate a guaranteed CAP averaging 9% that can be leveraged to achieve returns in excess of 20%.

Learn more by visiting MACKinvestments.com.

In This Episode We Cover:

Sunny and SunMarie’s Segment:

  • How Sunny got hooked to the podcast
  • Why you should consider buying a fourplex as a first property
  • How to find these deals
  • Thoughts on the competitiveness of the real estate market
  • How to use house hacking to earn extra cash
  • Why you should always look out for holding costs
  • How real estate helped Sunny and his family

Sam’s Segment:

  • How his mom unknowingly gave him a ticket to real estate investing
  • How he turned the basement into a rental unit
  • Tips for making the financing work on a deal like this
  • Why he used an FHA 203K for financing
  • The benefits of using Airbnb to rent your property
  • How to price Airbnb rentals the right way
  • How to use electronic locks and automate the process
  • His worst tenant experience ever
  • And SO much more!

Links from the Show

Books Mentioned in this Show

Tweetable Topics:

  • “House hack and get your tenants to pay your rent, mortgage, and taxes.” (Tweet This!)
  • “Hard work just isn’t enough. You need to figure out the why.” (Tweet This!)
  • “Imagine your perfect day and then, work backwards from there.” (Tweet This!)
  • “It’s better to fail 50 times trying to figure out what you want to do than to sit back for an entire year thinking about it.” (Tweet This!)

Connect with Sunny

Connect with Sam

Show Preview

Can a single real estate deal change your life? Definitely! That’s the topic on today’s “newbie episode” of the BiggerPockets Podcast, where we sit down for several interviews with real […]