357: The $120K Investing Mistake YOU Can Avoid on Your Next Home Renovation w/Justin Noe & Nate Cherubini

There are ebbs and flows in every real estate investing journey, but not every home renovation project results in a six-figure loss ! Fortunately, today’s guests learned one very expensive lesson so that YOU (hopefully) don’t have to! Welcome back to the Real Estate Rookie podcast ! Justin Noe and Nate Cherubini are real estate investing partners with top-notch problem-solving skills . But not even that could stop them from making a MAJOR blunder on one of their real estate deals —a mistake that cost them a whopping $120,000 . After dealing with termites, zoning issues , and bad contractors , this dynamic duo had every reason to give up on real estate—but didn’t! In this episode, Justin and Nate stress the importance of keeping your contractors in check and fostering healthy relationships in real estate. They also talk about why you should build your buy box early on in your investing journey and how to get your family on board with your real estate investing goals ! In This Episode We Cover: How this duo bounced back after a $120K failed home renovation project Choosing your buy box early on (and avoiding “ shiny object syndrome ”) Why you NEED a good “ground game” when investing out-of-state The BEST way to use private money or hard money on a house flip Finding a complementary real estate investing partner How to get your family on board with real estate investing And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Apply to Be a Guest on the “Real Estate Rookie” Podcast Grab Your Copy of “Start with Strategy” and Use Code “STRATEGY356” for a 10% Discount Sign Up for the Real Estate Investing Virtual Summit How Tony Lost $100K on ONE Real Estate Deal (AVOID These Critical Mistakes) Making $71K on ONE Deal After 5 Failed House Flips and Six-Figure Debt Books Mentioned in the Show Real Estate Partnerships by Ashley Kehr & Tony Robinson Vivid Vision by Cameron Herold Connect with Justin: Justin's BiggerPockets Profile Justin's Facebook Justin's Instagram Justin's LinkedIn Connect with Nate: Nate's BiggerPockets Profile Nate's LinkedIn Check the full show notes here: https://www.biggerpockets.com/blog/rookie-357 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices