249: Simple Steps to Start, Scale, and Grow a Real Estate Business in 2023

You want to start a real estate business. The cash flow is calling, and whether you’re looking to build passive income, escape the nine-to-five grind, or set yourself up for early retirement, rental property investing is a smart move to make. But, most real estate investors get it all wrong when building their rental property portfolios. They focus on scaling as fast as possible without building the systems to support a thriving business, leaving them burnt out and tired of the real estate game within only a few years.

Successful real estate investors like Ashley and Tony know that the key to building an unstoppable, profitable, and enjoyable real estate business is simple. To scale, you need to track, budget, outsource, and minimize the time it takes you to bring home the same amount of bacon every day. Of course, this is easier said than done, and many investors go through a lengthy process of trial and error to get there. But you don’t have to. On today’s show, Ashley will walk through the exact things you need to start, scale, and grow a real estate business.

You’ll learn how to track time so you can spend less of your day working, the two most important financial statements you need, budgeting for a business, outsourcing tasks, taking advantage of software, and the apps Ashley and Tony use every day. Want to know more about building a passive-income-generating real estate portfolio? Check out Ashley’s new book Real Estate Rookie: 90 Days To Your First Investment!

In This Episode We Cover

The step-by-step process to start investing in real estate (even if you have NO experience)

Why tracking your time is crucial if you want to grow and scale your real estate business

The two most important financial statements every investor MUST know

Budgeting for a rental property and how much to keep in emergency reserves for your properties

Separating finances and why every investor needs different bank accounts, credit cards, and more

Outsourcing repeatable tasks and the tradeoff when hiring virtual workers

The best real estate software and apps you should try today

And So Much More!

Links from the Show

Find an Investor-Friendly Real Estate Agent

Airbnb

AppFolio

Asana

Avail

BiggerPockets

BiggerPockets Bookstore

BiggerPockets Bootcamps

BiggerPockets Calculator

BiggerPockets Pro

Buildium

Google Voice

Google Tasks

Guesty

Hospitable

Hostfully

Invelo

Jamil Damji's Instagram

Loom

MileIq

Monday.com

OwnerRez

On The Market Podcast

Personal Capital

Propstream

Punch Lists App

Quickbooks

Real Estate Rookie Facebook Group

RentRedi

Stessa

Time by Quickbooks

Connect with Ashley and Tony:

Ashley's Instagram

Ashley's BiggerPockets Profile

Tony's Instagram

Tony's BiggerPockets Profile

Check the full show notes here: https://www.biggerpockets.com/blog/rookie-249

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