Real Estate Rookie 18: Starting at Age 45 With a "1% Rule" Property (in New Jersey!) With Tricia Baxter
Jul 1, 2020
Tricia Baxter, a real estate rookie who started investing in her mid-40s, shares tips on self-managing your first property, financing deals creatively, and the importance of multiple income streams. She discusses buying long-term rentals in a touristy area and finding great vendors through private Facebook groups. Tricia also provides insights on handling below-market rents and juggling real estate with a demanding career.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8
Introduction
00:00 • 2min
Exploring Real Estate Auctions and the ZOM Auction Simulator
02:04 • 1min
Introduction of Trisha, a Practicing Attorney from New Jersey
03:25 • 2min
Getting Started in Real Estate in Mid-40s
05:12 • 14min
Raising Rent Strategy and Rental Market Information
19:18 • 2min
Refinancing and Backup Financing Strategies
20:51 • 21min
Managing Your Own Properties and Avoiding Over Leverage
42:14 • 4min
The Importance of Reserves in Real Estate Investing
45:51 • 10min