All Forum Posts by: Account Closed

BiggerPockets and the BadAss Real Estate Investors are joining forces in June! 🎉 Join us for an evening of networking with new and old friends on the Rino Beer Garden patio.

Whether you’re trying to buy your first rental property or your fiftieth, you’re in the right place. BiggerPockets real estate meetups are a fun, intimidation-free way to meet and connect with local investors in your area. No specific real estate investing strategy or experience level is required—all are welcome!

We'll mingle, discuss hot topics like how to make today’s market conditions work for you, and so much more! Your next partner, lender, agent, or real estate-obsessed friend will probably be there!

Reserve your spot now 🍻

Venue: Rino Beer Garden
Please note parking is limited at the venue. There is street parking, however, we recommend carpooling or taking public transportation/Uber when possible.

⭐️ Sponsorship opportunities are available! Inquire at [email protected]

Other details:

- Your ticket includes admission to the event + (2) drink tickets.

- By registering for this event, you acknowledge that your email address may be shared with BiggerPockets and any supporting sponsor of the event.

👉GET YOUR TICKET HERE! 

👇 COMMENT BELOW IF YOU'RE COMING! 👇

Diving into creative finance and hoping to scale using some of Pace Morby's brilliant systems + strategies :) 

Calling all real estate agents!  What burning 🔥 questions do you have for David Greene about how to start, build, and scale a successful business as a real estate agent?

👇 Drop all your questions below 👇 and tune in this 📺 Thursday at 12pm MT on Instagram, and 4pm MT on Facebook to watch while David shares the wisdom he's acquired while selling over $200 million in one year with just five agents and a handful of administrators.

David Greene is the best-selling author of the popular Top-Producing Real Estate Agent series--SOLD: Every Real Estate Agent’s Guide to Building a Profitable Business, SKILL: A Top-Producing Agent’s Guide to Earning Unlimited Income, and his newest release, SCALE: . Buy all three on the BiggerPockets bookstore before March 1st to win a free month of David Greene's exclusive mastermind. 

Ask away!👇

Quote from @Faridah Clark:

I own 2 rental properties and want to gain knowledge on funding more properties 

Congrats on your first properties! Like the others said, BiggerPockets has some very helpful + inspiring titles to keep you scaling after your first properties. Here are 2 that come to mind:

- Real Estate Rookie. The author, Ashley Kehr, bought her first property when she was 26, living paycheck to paycheck, in debt. Now she has 30+ properties and complete financial freedom. In the book, she takes beginner investors through literally everything you need to know to get your first property + keep scaling afterwards. 
- Wealth Without Cash. Written by Pace Morby, this book is coming out May 2nd and teaches you all about subject-to, seller finance and other creative finance tips and techniques to help you build your portfolio without spending any cash!

Watch this video with Pace and Ashley too! 

Quote from @Mary Smith:

@Account Closed I was very curious about the Intention Journal and how helpful this is. Have you used it before? If yes, could you please describe your experience with it? 

Hi Mary, I just started mine earlier this month!

It's helped me set + clarify + specify my big goals for 2023. Then, you work backwards and fit those goals into your weekly and daily actions. It has a "weekly battle plan" which I fill out every Sunday/Monday with my goals for the week. You then track those goals throughout the week in your "daily habits" section. At the end of the week, you reflect on what you accomplished and what you need to refine in order to achieve your goals. 

It's been really impactful for me so far. I'm trying to establish 2 new health habits and 1 major investment goal before March. My life is a little chaotic and unpredictable these days but despite that, it's helped me establish consistency, a healthy routine, and everything is on track with the investment goal :) Really recommend it!

Quote from @Rami Khaldi:

This is awesome, good for you Peri!! Very exciting to hear that as a newcomer. Did you use personal capital and/or hard money loan for this? Sounds like this was just minor remodeling, so maybe not hard money. Just curious. But thats an amazing first investment. My hard deadline to have acquired my first property for project #1 is by end of March of this year. Lots of work to do.

Thank you! I put 3.5% down for the property and used my own savings for the remodel. My partner and I went one unit at a time and renovated ourselves to offset the costs and keep the rents coming while we worked. Started building a local team and network in that process so that we don't have to rely on our own limited funds and mediocre DIY skills in the future :) 

Congrats on your first property goal. That's very exciting!

In honor of the annual Intention Journal Sale (25% off starting today!) -- What's the boldest real estate goal you ever set for yourself? Tell us what your goal was, the steps you took to achieve it, how long you worked at it, and what the outcome was! 

I'll go first: 

1. Goal: To get my first investment property before my 26th birthday. I set the goal 3 months before my birthday.  

2. Steps: Read Long Distance Real Estate Investing. I was living in California at the time. I scoured Zillow for a property that was cash flow positive from day 1. Found a $310K triplex in Louisville, KY. Added up all the numbers (mortgage, taxes, insurance, utilities, capex, maintenance, etc.) in my Excel sheet and found that it would cash flow. Used the investor-friendly agent finder and matched with @Rob Bergeron! Went under contract with an offer for $300K. Did a virtual walk through with a local inspector, no major issues but got some seller concessions for minor repairs. 

3. Outcome: Closed 1 month before my birthday. Appraised for $310K so automatically made $10K at closing. Flew out to the property after closing and made cosmetic updates on all 3 units within 3-4 months (new paint, tile, etc.). Increased rents, increased property value. Current PITI is $1945 and rental income is $3250. Amazing tenants.

This was in September 2021. In the following months, we added 8 more cash flowing units in Lousiville, KY. Setting goals with hard deadlines + defined steps is so powerful! If you need some goal-setting inspiration, I highly recommend The Intention Journal by Brandon Turner. 

👇What's your boldest goal?👇

I think this assumes people only read real estate books for education/knowledge. The truth is people read for many reasons -- inspiration, motivation, confidence, enjoyment, etc. Becoming a successful real estate investor involves a shift in identity that doesn't come from reading a single book or even some hands-on experience. It's exposure to a variety of ideas, experiences, & stories that inspires people to take action and start their own unique investing journey. 

Having said that, I'm impulsive and only read one book before I bought my first investment -- Long Distance Real Estate Investing. It made a lot of sense, inspired confidence, gave me enough options. Since then, I've branched off and implemented different strategies with books like Short-Term Rental, Long-Term Wealth, 30-Day Stay, Recession Proof Real Estate Investing. 

If you were to read just one book to get started right now...Real Estate Rookie would be the best bet. It doesn't let beginners wander off into "education addiction" or analysis paralysis but literally forces them to take action. 

Ashley Kehr, author of Real Estate Rookie and co-host of the Rookie podcast will be taking over the BiggerPockets' Instagram tomorrow to answer all your rookie investing questions and discussing how to overcome obstacles to getting your first rental! 

👉 What has/is preventing you from buying your first rental property? 

⬇ Comment below ⬇ and tune in tomorrow on Instagram for @Ashley Kehr's advice! 

Hi @Tom ODonnell, thank you for pre-ordering! The book has officially launched today so you will receive an email with a link to all the bonus materials. Enjoy!