Simple DIY home renovation hacks could save you thousands of dollars. But, as a rookie, the thought of tackling your own home renovation projects might be a little intimidating. Bringing sweat equity to a deal, however, can help you save a ton of money and even make you more valuable in a partnership.
In this episode of the “Real Estate Rookie” podcast, we’re chatting with Shaun Kelly, whose road to real estate investing was anything but fast or easy. Shaun spent nine years in the analysis paralysis phase before he finally pulled the trigger on his first deal. Since then, he has built a portfolio of nine properties in four years and has refined his DIY skill set to the point where he can perform all types of rehab projects for a fraction of the typical cost.
Whether you’re looking for creative ways to increase profits on your investment properties or bring value other than capital to a partnership, tune in to hear Shaun’s biggest money-saving DIY hacks and his journey, from making simple fixes to performing major home renovations. Ashley and Tony discuss their own experiences with DIY projects and list the jobs they prefer to outsource to a pro!
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Join the Real Estate Rookie Facebook Group:
https://www.facebook.com/groups/realestaterookie
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Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
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Find Investor-Friendly Lenders:
http://biggerpockets.com/lendermatch
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Books Mentioned in This Episode:
“Real Estate Partnerships”: https://biggerpockets.com/partnerships
“The Gap and the Gain”: https://www.amazon.com/Gap-Gain-Achievers-Happiness-Confidence/dp/1401964362
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Analyze Your Deals with the BiggerPockets Investment Calculators: https://www.biggerpockets.com/investment-calculators?utm_source=youtube&utm_medium=description&utm_campaign=none
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Achieving FI with Fewer Doors: The Small and Mighty Real Estate Portfolio:
Achieving FI with Fewer Doors: The Small and Mighty Real Estate Portfolio
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Connect with Shaun:
BiggerPockets: https://www.biggerpockets.com/users/shaunk12?utm_source=youtube&utm_medium=description&utm_campaign=none
YouTube: @kellyconcepts or https://www.youtube.com/@KellyConcepts
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Follow Ashley Wilson on Instagram:
@badashinvestor or https://www.instagram.com/badashinvestor
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or https://www.instagram.com/wealthfromrentals/
Tony: @tonyjrobinson or https://www.instagram.com/tonyjrobinson/
Show notes at: https://www.biggerpockets.com/blog/rookie-311?utm_source=youtube&utm_medium=description&utm_campaign=none
00:00 Intro
03:11 The LONG Road to Investing
12:55 How to DIY in Real Estate
22:34 Sweat Equity in Partnerships
34:22 DIY Hacks for Investors
47:53 Connect with Shaun!
48:18 Rookie Rockstar
49:15 Rookie Exam