Going Full-Time as a Rookie Right Out of College With Arvi Carkanji and Dave Arlaud

In today's episode, you'll meet a power couple who both immigrated to the U.S. seven years ago and soon decided real estate would be their path to financial freedom. Arvi Carkanji and Dave Arlaud are Nashville-based flipper-investors, who are dividing and conquering to run a successful business while building a stable of rental properties. Arvi handles acquisitions (listen for the Rookie Request Line about direct mail), while Dave is a licensed contractor who takes charge of construction. Together they walk us through their approach to renovating houses and working with subcontractors and dive into the deal that motivated Arvi to quit her first (and quite possibly last) "real job." If you're thinking about taking on "value-add" projects—and you probably should be—listen close to hear these two rookies walk us through their process! In This Episode We Cover:How Arvi and Dave wound up as real estate investors just a year out of collegeHow they work with contractors, step by stepDave's "25-25-50" payment plan for contractorsThe different stages involved in renovating a houseRed flags to look for when inspecting workDue diligence and permitsTransforming a single-family home into a duplexRaising private money as a newbieRenting staging furniture from companies like Rent-A-CenterAnd SO much more!Links from the ShowReal Estate Rookie Facebook GroupFelipe's InstagramAshley's InstagramBiggerPockets PodcastRookie Podcast 09: Finding Off-Market Deals, Step by Step with Ryan Dossey (Mentor) and Drew Wiard (Mentee)—Part 1Rookie Podcast 13: How Drew Pulled 6 Deals From His First Direct Mail Campaign With Ryan Dossey (Mentor) and Drew Wiard (Mentee)—Part 2BiggerPockets ForumsRent-A-CenterRookie Podcast 15: 5 Steps to Reach Financial Freedom in 15 Years Through Long-Distance Investing With Elyse RasmussenRookie Podcast 17: 3 Rentals in His First Year & the Power of a Real-Life 'Rich Dad' Mentor with Derrick Ziglar Jr.Check the full show notes here: https://www.biggerpockets.com/rookie19