Episode #1,041 Get a Quote on Your Next Short-Term Rental Loan with Host Financial: https://www.hostfinancial.com/?utm_source=youtube&utm_medium=banner&utm_campaign=biggerpockets Episode Show Notes: https://link.chtbl.com/BPRE Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Let Us Know What You Thought of the Show! https://www.BiggerPockets.com/Podcastfeedback Start from Scratch with “The Book on Rental Property Investing”: https://store.biggerpockets.com/products/rental-property-investing?utm_source=owned_media Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch Real Estate Investing For Beginners: How To Get Started: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Henry: https://www.biggerpockets.com/users/henryw22?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Dave: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none So you want to start investing in real estate but have ZERO experience. What should you do? The good news is that even if you don’t know how to invest in real estate, you can get started relatively quickly, especially if you avoid the common rookie mistakes. To help you jump over the investing hurdles, instead of running right into them, Dave brought on Tony Robinson, top short-term rental investor, and Henry Washington, repeat co-host and long-term rental investor, to share exactly what they’d do if they were starting from scratch in 2025. Both Henry and Tony have scaled very fast. They own seven-figure real estate portfolios producing hundreds of thousands in rent yearly. But neither of them has been investing for more than ten years. How did they scale their real estate portfolios so quickly? They learned from their mistakes FAST and are teaching you the same lessons on today’s show. In this episode, we’re going through the beginner steps you should take to build a real estate portfolio starting in 2025. We’ll discuss whether you should buy long-term or short-term rentals, how to choose a market to invest in, knowing how much you can afford, the many ways to find real estate deals, and the one thing Henry and Tony WISHED they had done earlier. Ready to start investing in 2025? This is your quick guide! 00.00 Intro 01:01 Best Starter Investments 03:08 Short-Term Rentals 08:42 1. Choose a Market 10:04 Long-Term Rentals 14:42 2. Know Your Buying Power 18:39 3. Finding Real Estate Deals 24:21 4. Document EVERYTHING 28:39 5. Start a “Reinvestment” Fund