Parents’ Basement to $2,500/Month w/ ONE Rental Property at Age 25

Parents’ Basement to $2,500/Month w/ ONE Rental Property at Age 25

Episode #327

In just a few years, you can go from no cash flow or investing experience to owning a sizable real estate portfolio, with passive income flowing in and free rent, EVEN if you’re in your early to mid twenties. Not possible? Today’s guest would beg to differ.

Welcome back to the “Real Estate Rookie” podcast! Today, we’re chatting with investor Noah Sprimont, who has had quite the real estate journey to date. Noah became obsessed with the idea of reaching financial freedom through real estate while he and his now-fiancée were living with his parents. To fast-track his development, he not only immersed himself in BiggerPockets content but also took up several W2 jobs that would help him hone the skills he needed to become a successful investor. Laser-focused on making it in real estate, Noah dabbled in several real estate strategies before discovering the cash flow potential of short-term rentals.

If a bumpy start to your real estate journey has caused you to feel discouraged, you’ll want to hear how Noah was able to tackle his own feelings of self-doubt and fear of the unknown in this episode. You’ll also learn which skills can help you prepare for real estate investing, how to find flexible financing options for your deals, and what every rookie investor can bring to a partnership—regardless of the number in your bank account!

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Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media
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Join the Real Estate Rookie Facebook Group:
https://www.facebook.com/groups/realestaterookie
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Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
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Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders
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Grab Your Copy of “Real Estate Partnerships” Today:
https://biggerpockets.com/partnerships
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2 Long-Distance Rentals with $0 Down with Tony Robinson:
https://www.biggerpockets.com/blog/rookie-podcast-10-tony-robinson?utm_source=youtube&utm_medium=description&utm_campaign=none
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How to Invest in Short Term Rentals (STR):
https://www.biggerpockets.com/guides/the-ultimate-guide-to-short-term-rental-properties?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Noah:
BiggerPockets: https://www.biggerpockets.com/users/noahs198?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @noahsprimont or https://www.instagram.com/noahsprimont
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?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
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Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or https://www.instagram.com/wealthfromrentals/
Tony: @tonyjrobinson or https://www.instagram.com/tonyjrobinson/

Show notes at: https://www.biggerpockets.com/blog/rookie-327?utm_source=youtube&utm_medium=description&utm_campaign=none

00:00 Intro

01:56 Parents’ Basement to Property Investors

15:24 Buying the First Property

28:58 BIG Flip Profits and Starting to Airbnb

42:21 Noah’s Current Portfolio

45:43 Top Home Renovation Tips

52:01 Rookie Request Line

57:29 Connect with Noah!


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