411: ‘The Bachelorette’ Alum Tyler Cameron on Building a $3M Portfolio in 3 Years!

05/27/24 • 44 min

If you’re willing to get your hands dirty, new builds and home renovations can deliver a HUGE return on investment (ROI). Just ask today’s guest! After passing up on a deal that became a cash cow for another investor, he decided to put an end to his analysis paralysis, earn his general contracting license, and get right to work!

Today, we’re joined by a former The Bachelorette contestant, NCAA Division I quarterback, and new investor. Despite many years in the spotlight, Tyler Cameron doesn’t plan to escape the public eye just yet—trading a rose for a hammer in his latest show, Going Home with Tyler Cameron. In today’s episode, he discusses his journey into real estate, which began shortly after inheriting his childhood home. Wanting to honor his late mother, Tyler completed several renovations—making his fair share of mistakes along the way. Even with some tough lessons learned, the property rents for a pretty penny, giving him and his brothers another reliable stream of income.

Tune in to learn why Tyler got started in real estate (and why he almost didn’t), what drew him to new construction, and how he has built a three-million-dollar portfolio in only THREE years. He also offers his best short-term rental tips and shares why so many investors are flocking to his hometown of Jupiter, Florida—a growing market where high appreciation is the norm!

In This Episode We Cover

How Tyler built a three-million-dollar portfolio in just THREE years

Why market uncertainty shouldn’t stop you from investing in real estate

The keys to a successful home renovation project or new build

Why new construction might offer you the BEST return on investment (ROI)

Short-term rental tips for new investors (and why the customer is “always right”)

Why MORE investors are buying rental properties in Jupiter, Florida

And So Much More!

(00:00) Intro

(01:02) Renovating His Childhood Home

(04:47) $3M in 3 Years?!

(09:29) Life in the Spotlight

(13:42) KEY Lessons Learned

(21:57) Short-Term Rental Tips

(25:38) Investing in Jupiter, Florida

(30:28) New Builds vs. Renovations

(32:38) “Going Home with Tyler Cameron”

(36:08) Connect with Tyler!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-411

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected]

Learn more about your ad choices. Visit megaphone.fm/adchoices

In This Episode We Cover

How Tyler built a three-million-dollar portfolio in just THREE years

Why market uncertainty shouldn’t stop you from investing in real estate

The keys to a successful home renovation project or new build

Why new construction might offer you the BEST return on investment (ROI)

Short-term rental tips for new investors (and why the customer is “always right”)

Why MORE investors are buying rental properties in Jupiter, Florida

And So Much More!

(00:00) Intro

(01:02) Renovating His Childhood Home

(04:47) $3M in 3 Years?!

(09:29) Life in the Spotlight

(13:42) KEY Lessons Learned

(21:57) Short-Term Rental Tips

(25:38) Investing in Jupiter, Florida

(30:28) New Builds vs. Renovations

(32:38) “Going Home with Tyler Cameron”

(36:08) Connect with Tyler!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-411

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected]

Learn more about your ad choices. Visit megaphone.fm/adchoices

Previous Episode

410: Fundamentals of Funding: How to Finance Real Estate Without the Big Banks w/Henry Washington

Private money is a “secret weapon” for real estate investing, allowing you to dodge the major banks and fund real estate deals on your terms. But just how easy is it to get this type of funding? The answer might surprise you. You don’t want to miss this masterclass on direct lending!

Welcome back to the Real Estate Rookie podcast! Concluding our three-part miniseries on the fundamentals of funding, we’re diving into direct lending with investor and fellow BiggerPockets host Henry Washington. In this episode, he covers the different types of direct lending options that are available to new investors—including private money and hard money—and discusses the many reasons why he uses them to build his own real estate portfolio!

Unfortunately, too many investors adopt a scarcity mindset and throw themselves at the mercy of any big bank that might finance their deals. Henry’s about to prove why lenders need YOU more than you might think and teach you how to craft the perfect private lending pitch from that position! He also shows you how to properly vet a lender and shares what you can do today to build relationships with the smaller lenders in your community!

In This Episode We Cover

How to obtain private money and get funding on your terms

Why lenders need YOU just as much (if not more) than you need them

Hard money versus private money (and which type of loan is right for you!)

How to properly vet a lender before giving them your business

How to craft the perfect pitch to a private money lender

The BEST ways to build relationships with smaller, local lenders

And So Much More!

(00:00) Intro

(01:17) What Is Direct Lending?

(05:53) Building Relationships

(11:55) How to Vet a Lender

(20:17) Working with Private Money

(28:14) The Perfect Private Money “Pitch”

(33:59) What If You Can’t Pay?

(40:00) Connect with Henry!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-410

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected]

Learn more about your ad choices. Visit megaphone.fm/adchoices

Next Episode

412: Stay-at-Home Mom to “Accidental” Investor with a $600K/Year Business w/Terri-Leigh Huleis

Want to invest but fear you don’t have enough money to get started? Building a profitable real estate business could be the answer. This strategy allowed today’s guest to not only scale her portfolio but also develop skills to level up her own rental properties AND bring in $600,000/year!

Welcome back to the Real Estate Rookie podcast! Today, we’re joined by the “accidental investor,” Terri-Leigh Huleis. Married with three children, Terri and her husband didn’t have enough money to buy a house...or so they thought. After moving from California to a more affordable market, Terri was able to make her dream of homeownership a reality. Little did she know that this was just the beginning of her real estate journey. It wasn’t long before Terri had turned her passion for interior design into a $600,000/year business—one that has allowed her and her husband to scale in very little time!

After being diagnosed with a brain tumor in 2016, Terri lives every day as if it’s her last. This self-starter’s story is filled with all kinds of helpful nuggets you can use on your own journey—from finding creative ways to fund home renovation projects to setting up an Airbnb in four weeks or less. Stick around until the end to hear about the top amenities you’ll want to add to your short-term rental in 2024!

In This Episode We Cover

How Terri grew an interior design business that pulls in $600,000 per year

Using credit card rewards to fund an ENTIRE home renovation project

How to start a business that allows you to buy even MORE real estate

Landing your first interior design clients (even if you don’t have a portfolio!)

How to design an Airbnb, step by step, in just four weeks or less

The hottest amenities to add to your short-term rental in 2024

And So Much More!

(00:00) Intro

(00:42) Buying Their First House

(09:52) Starting an Interior Design Business

(18:18) Making $600K/Year?!