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227: The Vice-Principal Who Built a 9-Unit Rental Portfolio on The Weekends w/Mackenzie Grate

227: The Vice-Principal Who Built a 9-Unit Rental Portfolio on The Weekends w/Mackenzie Grate

FromReal Estate Rookie


227: The Vice-Principal Who Built a 9-Unit Rental Portfolio on The Weekends w/Mackenzie Grate

FromReal Estate Rookie

ratings:
Length:
60 minutes
Released:
Oct 19, 2022
Format:
Podcast episode

Description

Who says you can’t have it all? The career, the love, the wealth—it can all be yours if you want it and work for it. Today’s guest, Mackenzie Grate, works hard so she can have it all. Working full-time as an assistant middle school principal, Mackenzie spends her nights and weekends as a real estate investor and agent. She owns two single-family homes, a fourplex, a duplex, a short-term rental, and her primary residence. Mackenzie’s real estate investing journey started in 2017. While living in her apartment, she rented out her extra room and decided to buy a home once rent prices became a little too high to handle. From there, she started looking for her first deal by googling the three fastest-growing job markets in New York. She then chose the market she wanted to invest in, asked a friend to go upstate with her, and started driving for dollars. She put in an offer on the first house she saw and closed on the home. But was she doing it alone?There is a common misconception that when you invest with a significant other, they have to be involved to be on board. Mackenzie’s relationship with her husband proves that involvement doesn’t equate to support. He supports what she’s doing, but he isn’t an active part of her investing journey, and for them, that works. He shows support by doing other everyday tasks at home, giving Mackenzie more time to work and pursue real estate. This freed-up time is essential for Mackenzie as she juggles all her endeavors and earns her nickname, the "Mack of All Trades."In This Episode We CoverThe pros and cons of getting your real estate license and how to determine whether becoming an agent is for youThe benefits of owning a co-op and what it means to “own a share” of a buildingHow to find and capitalize on emerging markets that have strong rental demandInvesting with a spouse and how to find the right balance for your relationshipProperty management vs. self-management and how to weigh the pros and cons for bothManaging a short-term rental and automating your processes to become the ultimate hostAnd So Much More!Links from the ShowAshley's InstagramTony's InstagramAirbnbBiggerPocketsReal Estate Rookie Facebook GroupThe Real Estate PodcastBiggerPockets ForumsReal Estate Rookie PodcastZoomRentRediDigital Nomad-ing and Answering All Your FIRE Healthcare Questions w/ Amy & Tim from GoWithLessConnect with Mackenzie:Mackenzie's InstagramMackenzies BiggerPockets ProfileMackenzie's WebsiteCheck the full show notes here: https://www.biggerpockets.com/blog/rookie-227Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Oct 19, 2022
Format:
Podcast episode

Titles in the series (100)

Ready to build your real estate empire… but not sure where to begin?Think of us as your personal trainer.From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.Looking to 10X your real estate investing business this year? This show isn’t for you.Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.