In this episode, Ricky Ricardo shares exciting updates on his Alabama flip, now 50% complete! Learn how he’s managing $35K in draw requests, building strong contractor relationships, and navigating hard money lending while juggling a full-time job. Plus, hear about creative financing, the importance of organized bookkeeping, and future plans to achieve financial and time freedom through real estate investing. https://app.baselane.com/signup?utm_source=referral&utm_campaign=referral2023&utm_id=nHZP2gLerpQuACTb8z91gnOb1gV2&firstName=Ricardo&lastName=Hernandez

In this episode of The Ricky Ricardo Show, Ricky dives into the real value of community in real estate investing and how it can help you get past the early struggles, doubts, and roadblocks. If you've ever felt stuck in "analysis paralysis" or overwhelmed by where to start, Ricky shares practical insights on how joining and engaging with the right community can be a game-changer. He talks about the importance of building genuine connections, finding trustworthy team members for out-of-state investments, and avoiding the trap of shiny object syndrome. Listen in as Ricky gives advice on making the most out of your network, setting yourself up for success, and staying focused on your real estate goals. Whether you’re just starting out or looking to level up, this episode will inspire you to take action, reach out, and get closer to financial freedom.

In this episode, I’m back with an update on my Alabama flip project—and it’s been a rollercoaster! I dive into the unexpected challenges, like dealing with hard money lenders, payment delays, and surprise expenses from an electrical upgrade. I share what it’s like navigating these hurdles as a first-time out-of-state investor and the lessons I'm learning along the way. I also talk about my motivation for taking on these projects—building a future for my son that’s full of opportunity and financial freedom. If you’re interested in real estate or just curious about what it really takes to get through a fix-and-flip, join me as I break down the highs, lows, and everything in between.

In this episode, Ricardo discusses his second real estate investment in Evansville, Indiana, covering key financial details such as the purchase price, closing costs, and creative financing used for the rehab. He emphasizes understanding rental income, effective property management, and the importance of setting aside reserves for unexpected expenses. Ricardo also shares a unique strategy for recouping funds from the investment, resulting in a low-cost, cash-flow-positive property. The episode concludes with market insights and advice for aspiring real estate investors.

In this episode of The Ricky Ricardo Show, we delve into the raw and real side of real estate investing. I share my journey of flipping properties, highlighting the critical lessons learned along the way. Join me as I discuss the importance of maintaining strong relationships with contractors and the impact of prompt payments on project success. I also tackle the fears that often accompany big decisions, such as missing out on potential deals due to hesitation. As we navigate through the unpredictable nature of renovations, I emphasize the need for transparency with private money lenders and the trust that forms the backbone of successful investing partnerships. Whether you're just starting out or have been in the game for a while, this episode offers practical insights and encouragement to embrace the challenges of real estate investing. Tune in to learn how to turn obstacles into opportunities and keep moving forward on your path to financial freedom!

Welcome back to The Ricky Ricardo Show, where we're diving into the highs and lows of real estate investing—spooky season style! In this episode, I share the latest updates on my fix-and-flip project, including a $20K payment to a contractor and some unexpected surprises, like an old swimming pool that needs attention. I’ll walk you through the lessons I’m learning as I juggle renovation challenges, hard money loans, and a full-time W-2 job. Whether you’re a beginner or seasoned investor, you'll pick up some practical advice on how to manage risks and keep your cool when things don’t go as planned. Tune in to hear the real, unfiltered story of my latest real estate adventure, and check out the progress photos on Instagram to follow along! https://www.instagram.com/rickyricardoshow/

In this episode of the Ricky Ricardo Show, Ricardo dives deep into his real estate journey, sharing the ups and downs of investing as a beginner. He discusses the importance of building relationships with contractors and hard money lenders, emphasizing the risks and rewards of taking the leap into property investments. With humor and honesty, Ricardo shares his personal experiences, including the challenges of funding renovations and the lessons learned along the way. He also touches on the realities of dealing with potential scams and navigating the complexities of real estate financing. Tune in for actionable insights, motivation, and a glimpse into what it takes to achieve financial freedom through real estate. Whether you’re just starting out or looking to expand your knowledge, this episode is packed with valuable tips and relatable stories that will inspire your own investment journey.

In this episode, Ricardo reflects on the progress of his latest real estate venture as he shares exciting updates about his third property acquisition. With rehab work kicking off, he discusses the unexpected challenges of land clearing and the lessons he's learned about the importance of video walkthroughs when buying properties sight unseen. Ricardo emphasizes the significance of building trust with contractors and the role of hard money lenders in funding renovations. He also touches on potential strategies for the property, including whether to flip, hold, or rent it out, and shares insights on navigating tax implications with a CPA. Tune in for an energetic and informative episode filled with real-life lessons, updates on his journey, and actionable advice for fellow real estate noobs! Don't forget to follow him on Instagram for real-time updates and behind-the-scenes content.

In this episode of The Ricky Ricardo Show, we dive into the challenges and excitement of navigating the world of real estate investing while holding down a full-time W-2 job. I'll share my personal experience with my first big real estate investment, the lessons learned along the way, and how I'm balancing it all. Whether you're just starting out in real estate or trying to figure out how to invest while working, this episode is packed with tips, insights, and a few laughs. Tune in to hear how I'm making it happen--and how you can too!

In this episode I give a brief rundown of how to build your buy box so you can start focusing on other things that may matter more to you! There's also some information about conducting market research to help you start to close in on a market. Let's take action!

In this episode I share a big cost in comparison to my net profit for my first long term rental. Also, how my turn key rental property may have affected me in my current deal. Listen in to find out exactly what I am talking about!

I have an offer accepted for my potential 3rd deal! The purpose of this episode is to share with you real time updates in regards to my active investing journey. This will be the first of many episodes documenting my very first fix and flip and everything that I learn along the way, in real time!

In this episode I interview a High School teacher that is also early in his real estate investing journey! Ben has accumulated 5 properties while being a full time W-2 employee, a husband and father, all while still finding time to research and find deals for their future! We talk about analysis paralysis, fears, and insight that is extremely valuable! Listen in and find out how a teacher is able to find success with real estate investing! Follow Ben's own journey on Instagram @Cashflow.With.Vido

In this episode I share with you the deal analysis for my first investment property. Listen in to find out where this property is located and how much the purchase price was!