How to Build a Real Estate Business That Replaces Your W2 (I Did It)

Episode #651 Baselane: Automate your real estate finances with banking and AI-powered bookkeeping. Claim your $100 bonus! https://www.baselane.com/lp/bigger-pockets/?utm_source=bigger_pockets&utm_campaign=bigger_pockets&utm_medium=YT-rookie Episode Show Notes: https://lnk.to/realestaterookieYT Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Buy the Book, _Long-Distance Real Estate Investing_ : https://store.biggerpockets.com/products/long-distance-real-estate-investing?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 Property Manager Finder: https://biggerpockets.com/findapm Should You Invest Locally or Long Distance?: https://www.biggerpockets.com/blog/should-you-invest-locally-or-long-distance?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Stephen: https://www.biggerpockets.com/users/stevekeighery?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 Many rookies _assume_ it’s easier to buy a rental property in their own market, but today’s guest proved you _don’t_ need to by taking down his first deal in another area of the country, sight unseen. And good thing he did, because it not only pocketed him $250,000 but also gave him the confidence to leave his W2 job, move to another country, and go all in on real estate investing! Welcome back to the _Real Estate Rookie_ podcast! Stephen Keighery was living in one of the most unaffordable cities in Australia when he decided to try his hand in another market. Then, after a few home-run deals, Stephen packed up and moved across the world to New Orleans, where he’s since built his own real estate business. By pairing wholesaling and the BRRRR method (buy, rehab, rent, refinance, repeat), he earns active income while rapidly scaling his portfolio! Stephen’s secret? He knows his strengths and uses them to his advantage—leveraging his marketing and sales background to grow his network and build rapport with potential sellers. In this episode, he’ll show you how to dig into the data and identify up-and-coming markets, hunt down off-market properties, and close! 00:00 Intro 00:47 $250K from ONE Deal? 06:26 Data-Driven Analysis 10:07 Sponsor: Baselane! 11:05 Moving to the US 19:16 Stephen’s Buy Box 23:20 Scaling the Wholesaling Business 26:27 How to Fund a BRRRR 28:09 Finding Off-Market Properties 33:19 Connect with Stephen!