33: A Marine (and his Mentor) Buy a BRRRR: Step-by-Step with Joe Roberts and Steve Rozenberg

Oct 14, 2020

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Today we bring you another mentor/mentee conversation, where Joe Roberts shares his experience working alongside Steve Rozenberg to buy his first long-distance investment property.

Joe is a U.S. Marine helicopter pilot who regularly deploys to combat zones, so efficient systems are a must for him. Steve, a commercial airline pilot and experienced investor, loves designing standard operating procedures. Perfect fit!

The two got paired up when Joe won Mynd Property Management's $20,000 mentorship contest, and today they reveal how Joe found the perfect market, neighborhood, and property for his first BRRRR.

You'll love hearing how Joe and Steve developed their strategy based on Joe's goals for appreciation, equity, and cashflow; how he analyzed the numbers in several markets before settling on Atlanta; how he documented his process to he can repeat the process over and over again (even while deployed)... and why he'd rather hire property management than deal with tenants himself.

This show gives you a peek into a real-world mentorship and breaks down the mistakes and lessons learned along the way. Let us know what you think of this episode in the comments at biggerpockets.com/rookie33, and we'll see you next week!

In This Episode We Cover:

How Joe got started in real estate while serving as a Marine helicopter pilot
Why Steve chose Joe as the winner of the $20,000 Mynd mentorship contest
Why Steve and Joe chose to buy a long-distance deal in Atlanta, GA
How they crunched the numbers once they chose a market
Why they pulled out of two deals after bad inspections
Getting aligned with your spouse or partner regarding your real estate goals
Using BiggerPockets' market-specific sub-forums to find an agent
Time management strategies for busy people (you!)
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/rookie33

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