Don’t Have the Money to Buy a Rental Property? Watch This.

Episode #717 You _want_ to *buy a rental property,* but there’s one problem: you don’t have the money! The good news? You’re not as far away as you probably think. If you want to *save as much money as possible for a down payment,* today’s guest will show you how. In just two years, she went from zero to *building a strong financial foundation* and taking down her first property! Welcome back to the _Real Estate Rookie_ podcast! When *Mimi Fall* was laid off from her W-2 job, it was the last straw. In that moment, she decided to take responsibility for her financial future, and that meant *getting a better job, cracking down on spending, and throwing every extra dollar toward savings.* All of Mimi’s hard work paid off, as within two years, she was able to buy her very first rental property. Today, she *rents out rooms to tenants,* and the total rental income *covers her entire mortgage payment* and _then_ some. In this episode, she shares her step-by-step roadmap for *getting your finances in check,* her favorite *personal finance tips and tools,* and *property-saving advice for all new landlords!* Episode Show Notes: https://lnk.to/realestaterookieYT Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media 🎉Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets: https://biggerpockets.com/bpcon2026 Buy the Book, _Set for Life_ : https://store.biggerpockets.com/products/set-for-life-revised-edition?utm_source=owned_media Sign Up for the Real Estate Rookie Newsletter: https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch _Real Estate Rookie_ 696 – 10+ Things to Inspect Before You Buy a Rental Property (Foundation to Roof): https://www.biggerpockets.com/blog/rookie-696?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Mimi: https://www.biggerpockets.com/users/moumi?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Ashley and Tony: Ashley: https://www.biggerpockets.com/users/ashkehr?utm_source=youtube&utm_medium=description&utm_campaign=none Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none 00:00 Intro 01:05 Getting Laid Off 09:23 Saving $2,000/Month! 11:42 The 2-Year “Deadline” 13:51 Buying Her First Property 21:59 Tips for New Landlords 30:03 Starting from Zero (First Steps) 33:16 Best Personal Finance Tools 41:11 Connect with Mimi!