Episode #333

Your real estate business has come across a little money. Maybe you’ve just sold an investment property for a large profit or increased your W2 income. In any case, how should you go about investing your small fortune? Like any investor, you want your money to help you scale your real estate business faster. Today’s guest is here to lend a hand!

Welcome back to the “Real Estate Rookie” podcast! Usually, Ashley and Tony are the ones asking the questions, but in this very special episode, THEY are being interviewed by rookie investor Kevin Cullen. On the brink of selling one of his three investment properties, Kevin has a handful of burning questions for our hosts. How should he spend his newfound capital? Should he get a partner for his next deal? What are the best ways to structure his first partnership?

In this episode, Kevin hits on several important topics that rookies often wonder about. Stick around for the biggest “red flags” to look out for in a potential investing partner, key terms to include in a partnership agreement, and when to get an attorney involved as you’re forming your partnership. You’ll even learn how to reinvest your money into real estate and three ways to find offmarket properties!

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Double Your Cash Flow Overnight (In ANY Market) with MediumTerm Rentals:
https://www.biggerpockets.com/blog/ro...
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Using OnlyFans to Fund Ownership in Her First BRRRR w/ Brin Amberlee:
https://www.biggerpockets.com/blog/ro...
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Achieving FI with Fewer Doors: The Small and Mighty Real Estate Portfolio w/ Chad Carson:
https://www.biggerpockets.com/blog/ro...
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A StepbyStep Guide to Finding the BEST OffMarket Real Estate Deals w/ Nate Robbins:
https://www.biggerpockets.com/blog/ro...
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Connect with Kevin:
BiggerPockets: https://www.biggerpockets.com/users/k...
Instagram: @kevinmcullen or   / kevinmcullen  
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Tony: https://www.biggerpockets.com/users/t...
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Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or   / wealthfromrentals  
Tony: @tonyjrobinson or   / tonyjrobinson  

Show notes at: https://www.biggerpockets.com/blog/ro...


00:00 Intro

03:58 Managing Rentals OutofState

09:56 Structuring Your First Partnership

21:37 Drafting Up an Agreement

27:29 Test the Waters!

35:31 How to Reinvest Your Money

45:05 3 Ways to Find OffMarket Deals

53:08 Connect with Kevin!