Real Estate Rookie 19: Going Full-Time as a Rookie Right Out of College With Arvi Carkanji and Dave Arlaud
In today's episode, you'll meet a power couple who both immigrated to the U.S. seven years ago and soon decided real estate would be their path to financial freedom.
Arvi Carkanji and Dave Arlaud are Nashville-based flipper-investors, who are dividing and conquering to run a successful business while building a stable of rental properties. Arvi handles acquisitions (listen for the Rookie Request Line about direct mail), while Dave is a licensed contractor who takes charge of construction.
Together they walk us through their approach to renovating houses and working with subcontractors and dive into the deal that motivated Arvi to quit her first (and quite possibly last) "real job."
If you're thinking about taking on "value-add" projects—and you probably should be—listen close to hear these two rookies walk us through their process!
In This Episode We Cover:
- How Arvi and Dave wound up as real estate investors just a year out of college
- How they work with contractors, step by step
- Dave's "25-25-50" payment plan for contractors
- The different stages involved in renovating a house
- Red flags to look for when inspecting work
- Due diligence and permits
- Transforming a single-family home into a duplex
- Raising private money as a newbie
- Renting staging furniture from companies like Rent-A-Center
- And SO much more!
Links from the Show
- Real Estate Rookie Facebook Group
- Felipe's Instagram
- Ashley's Instagram
- BiggerPockets Podcast
- Rookie Podcast 09: Finding Off-Market Deals, Step by Step with Ryan Dossey (Mentor) and Drew Wiard (Mentee)—Part 1
- Rookie Podcast 13: How Drew Pulled 6 Deals From His First Direct Mail Campaign With Ryan Dossey (Mentor) and Drew Wiard (Mentee)—Part 2
- BiggerPockets Forums
- Rent-A-Center
- Rookie Podcast 15: 5 Steps to Reach Financial Freedom in 15 Years Through Long-Distance Investing With Elyse Rasmussen
- Rookie Podcast 17: 3 Rentals in His First Year & the Power of a Real-Life 'Rich Dad' Mentor with Derrick Ziglar Jr.
Check the full show notes here: https://www.biggerpockets.com/rookie19
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