10: 2 Long-Distance Rentals with $0 Down with Tony Robinson
Real Estate Rookie
Shownotes Transcript
**Tony Robinson **had every excuse NOT to invest.
Expensive local market? Demanding full-time job? Family responsibilities?
Check, check, and check.
So, how did he pull off his first two deals in a cash flow-friendly market 1,500 miles away?
Today, Tony spills the beans: how he got a bank to loan him 100% of purchase AND rehab cost, how he managed contractors from afar, two crucial lessons he learned on his first deal, and much more.
Tony shares tip after tip for investors like you—especially if you live in a pricey area (he lives in Southern California and invests in Shreveport, Louisiana).
Plus, he dives into the mindset shifts that helped him break through—and how becoming a father at a young age led to a goal of achieving financial independence.
We guarantee you'll get value out of this episode. If you agree, subscribe to the show and give us a rating and review in Apple Podcasts. See you next Wednesday!
In This Episode We Cover:
How Tony got past a failed first deal
Zeroing in on one zip code when looking for deals
Why he chose to invest in Shreveport, LA
How he pulled his money out by refinancing
Why real estate is "80% mental"
Finding a real estate agent and property manager out-of-state
Managing renovations remotely using FaceTime
How a local bank funded 100% of his projects
How a construction loan works and what "draws" are
Analyzing local rents
Why he locked in his tenants on a 2-year lease
And SO much more!
Links from the Show
Check the full show notes here: http://biggerpockets.com/rookie10
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