How to Invest in Real Estate (Beginner's Guide)

If you’re wondering how to invest in real estate, you’ve come to the right place! BiggerPockets was founded to help real estate investors network, build their skills, and grow their portfolios. In today’s episode, master of multifamily and all things rental-property related, Brandon Turner, shares how you can build momentum and get your next deal under contract.
By overcoming the three roadblocks of real estate investing, you’ll be able to scale your portfolio to heights you’ve never imagined. Achieve financial freedom or surpass it entirely with intelligent, consistent investing so you (and your family) can live a life you love.
If you’re ready to get started, grab your notepad and pen. Brandon is about to show you why your next investment property is within reach.
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Books Mentioned in Today’s Show:
Investing in Real Estate with No (and Low) Money Down: store.biggerpockets.com/produ...
How to Invest in Real Estate: store.biggerpockets.com/produ...
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Invest with Brandon at Open Door Capital:
odcfund.com/
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Follow Brandon and David on Instagram:
@beardybrandon or / beardybrandon
@davidgreene24 or / davidgreene24
Episode 539
Show notes at: www.biggerpockets.com/show539
0:00 Intro
6:55 The 3 Roadblocks of Real Estate Investing
11:27 Meet Brandon & BiggerPockets
16:36 Why the First Few Deals Matter
20:43 How to Find Money/Financing
29:51 How to Find Deals
41:23 How to Find Direction
52:32 Analyzing a Live Deal
1:07:06 Pivot and Commit!
1:10:25 Want To Be a Pro?
1:21:52 Audience Q&A
1:40:52 Go Get Your First (or Next) Deal!

Пікірлер: 277

  • @vladstinga9248
    @vladstinga92482 жыл бұрын

    Just closed on a 4 unit 15 mins ago!!!!! Thanks BP you 100% made this happen

  • @rylee5472

    @rylee5472

    2 жыл бұрын

    Congrats 💪🏼

  • @isaacdua8708

    @isaacdua8708

    2 жыл бұрын

    G Congrats Vlad! Well done

  • @damis2372

    @damis2372

    2 жыл бұрын

    Congratulations. Good luck.

  • @zackarytackett3869

    @zackarytackett3869

    2 жыл бұрын

    Congratulations man!

  • @UpUpDnDnLtRtLtRtBAStart

    @UpUpDnDnLtRtLtRtBAStart

    2 жыл бұрын

    You 100% made this happen.

  • @computersbyfrank
    @computersbyfrank2 жыл бұрын

    1st time homeowner at 49yo. Offered accepted on a duplex in the ritzy side of town for $646k!! Never thought I could afford it BUT creative financing worked!! Thank you @Bradon & @David for the encouragement and education along the way. Executing and daily action made this happen. Now I’m thirsty for another property!! Thank BP community!!

  • @AmericanMadeHomeSolutions

    @AmericanMadeHomeSolutions

    Жыл бұрын

    Amazing and all the best to your plans and goals!

  • @alexjedlicka8567
    @alexjedlicka8567 Жыл бұрын

    I’m 17 looking to get a head start on residential real estate investing. Eventually moving on to commercial. These little tips and pointers are incredibly helpful. After one well on watching videos like these I was lost I was like man I don’t know if I will ever be able to understand all these things. But sure enough 3 weeks later I’m here just adding to my knowledge slowly but surely. I’ve been wanting to start this since I was 15 and it feels good to take action. I’m starting by doing private work on my own home to add value. I hope to apply for my real e state exam at the end of this year when I turn 18. Wish me luck!

  • @AmericanMadeHomeSolutions

    @AmericanMadeHomeSolutions

    Жыл бұрын

    Wow, I think it's awesome to see how young you are in starting in the real estate world! What can I say, the best way to learn is getting free education from experts or those who have gone up the ladder! Wish you best on your endeavor!

  • @richlifere

    @richlifere

    Жыл бұрын

    @Jsmruler Are you taking online courses ?

  • @jillcorsiglia5796

    @jillcorsiglia5796

    Жыл бұрын

    Good for you, your a winner, wishing you so the best!! Good luck! 🎉🙏🏼👍🏽🎵🥳🥰

  • @kimberiysmarketstrategy

    @kimberiysmarketstrategy

    Жыл бұрын

    My son did this and he got his first two deals ( 2 million dollar homes) at 19 years old! He used the money to boost his career and get an apartment here in California, Best to you!!

  • @Yuvalchetrit

    @Yuvalchetrit

    10 ай бұрын

    @@kimberiysmarketstrategyHow did he start? Did he read books or did he just jump straight on it

  • @ulrichlchegounbalogoun5123
    @ulrichlchegounbalogoun51232 жыл бұрын

    I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks (with the help of my Financial Advisor of course) and made about 246k, but guess what? I put it all back and traded with her again and now I'm rounding up close to a million.

  • @marcuswalkerjr.2756

    @marcuswalkerjr.2756

    2 жыл бұрын

    @David Peters What is your advice for a new beginner like myself, I have been trying to practice using a demo accounts, but I am scared that I don't know enough to start trading all by myself. What to do next.

  • @marcuswalkerjr.2756

    @marcuswalkerjr.2756

    2 жыл бұрын

    @David Peters Thanks🙏🙏. Sir I'll most definitely ensure to do that.

  • @elizabethtwomey681

    @elizabethtwomey681

    2 жыл бұрын

    No doubt Expert Mrs Dawn Fitzpatrick Trading Services is very good, I invested £3000 and cashedout £24,250 after 2 weeks . I still wonder how she gets her analysis.

  • @Plagius8

    @Plagius8

    2 жыл бұрын

    Love it. That mind shift took me years to develope. I use to punch in just to work. Now I when I punch in or do over time in the back of my mind I know each hour I work is a step toward another property and closer to not having to work. I'm gonna say it...its like I found a new religion that for every step I take it takes 2 steps toward me.

  • @Plagius8

    @Plagius8

    2 жыл бұрын

    @David Max Bingham well put

  • @Tanner_Goodale
    @Tanner_Goodale2 жыл бұрын

    I can't wait to get started here. My goal is to make real estate my family's primary income ten years from now. You guys seem like a great place to start learning.

  • @AmericanMadeHomeSolutions

    @AmericanMadeHomeSolutions

    Жыл бұрын

    Whoa! Slay the goal Tanner!

  • @anzocarlitos
    @anzocarlitos2 жыл бұрын

    Gracias Amigo!! So much value here.🙏🏼🙏🏼

  • @TroyKearns
    @TroyKearns2 жыл бұрын

    Brandon, another great video!

  • @DaddyDebt
    @DaddyDebt2 жыл бұрын

    Thanks for the great information!

  • @LoriLivers
    @LoriLivers2 жыл бұрын

    In my experience - the first was the hardest and the very BEST way to learn. So many mistakes in my first deal but it still all turned out great. It just took a little time to get to great 😂 I totally agree that getting started is the hardest part. Now my rentals fund our boat life 🐬

  • @ryanthepianoman27

    @ryanthepianoman27

    2 жыл бұрын

    How did you start?

  • @LoriLivers

    @LoriLivers

    2 жыл бұрын

    @@ryanthepianoman27 I talked to a few people that were doing what I wanted to do and jumped in. Made lots of mistakes in my first house but haven't repeated any of them since 🌞

  • @EricSmith-ke3ky

    @EricSmith-ke3ky

    2 жыл бұрын

    @@LoriLivers thats something im having trouble with i really want to start a nvesting in real estate but i dont have any like minded people around me and i dont really know where to find them. should i just go ahead and jump in?

  • @LoriLivers

    @LoriLivers

    2 жыл бұрын

    @@EricSmith-ke3ky I would, for sure! There are probably more people doing this in your area than you realize. There are SOOO MANY of us out here. Maybe search for a local FB or meetup group in your area. You sure can do it on your own - but it is easier if you don't have to. Let me know what you decide 😀

  • @Wendyybabbyy

    @Wendyybabbyy

    2 жыл бұрын

    GOALS

  • @jorgebetancourt1304
    @jorgebetancourt13042 жыл бұрын

    Thank very much Brandon and Mr Green, I just got my first investment property, I started to build the machine.

  • @solomonisrael3525
    @solomonisrael3525 Жыл бұрын

    Dam I felt you when you said “I want to be a very present father, and the path I’m headed is not on that direction.”

  • @WEONLYTAKEDUBS
    @WEONLYTAKEDUBS2 жыл бұрын

    Love your book Brandon that’s why I’m here.

  • @JeramieSaito
    @JeramieSaito2 жыл бұрын

    I love this podcast!

  • @yousefkhalil6533
    @yousefkhalil65332 жыл бұрын

    Thank you for the keeping me motivated! You have to get Shalove Geter, Mother/Broker/Property Manager/ Owner/Beast on the pod this women is inspiring and I think it would be great to see things from a property manager's perspective too.

  • @DL-1
    @DL-12 жыл бұрын

    Do secured loans help you build your credit profile in order to get a mortgage, or do they hurt?

  • @cliffarnold7463
    @cliffarnold74632 жыл бұрын

    Lol. I’m from Boise and said it out loud. Then you answered like you were listening to me. Great content once again! Thanks!

  • @dfrank2044
    @dfrank20442 жыл бұрын

    GREAT content for free? many thanks, God bless you for sharing your knowledge.

  • @daytonandersen361
    @daytonandersen3612 жыл бұрын

    Awesome work

  • @vitanetherlandsfollowmeonf5158
    @vitanetherlandsfollowmeonf51582 жыл бұрын

    Thanks for your info and I do have your book. Rental Property Investing. I’m on my way to success.❤️

  • @skysthelimit.podcast
    @skysthelimit.podcast9 ай бұрын

    Big fans of your show! Would love to have you on ouur podcast. Keep up the good work!

  • @playersclubworldwide
    @playersclubworldwide Жыл бұрын

    That intro was very motivating! Instead to just poking around I’m going all in on this. 💯

  • @Pew_Meister
    @Pew_Meister2 жыл бұрын

    How should you look at cash on cash return if you’re looking at a multi family home purchased with a VA loan at zero down?

  • @ryanburns8434
    @ryanburns84342 жыл бұрын

    the Rental Property Calculator!! best thing ever

  • @siyuanguo5128
    @siyuanguo5128 Жыл бұрын

    Find the money through great deal is inspiring

  • @opinionofonion4267
    @opinionofonion4267 Жыл бұрын

    Revisiting this! Bought a brand new all appliances included plus a second fridge 2400 sq ft modular home for just under 200k house hacking it with my brother and our roommates pay our mortgage! It really was a learn as you go process but you learn the steps because someone is telling you what do when you actually talk to someone in the field you’re curious about!

  • @TheDanson000
    @TheDanson000 Жыл бұрын

    Wow, I am coming searching bigger pockets on KZread. I think I started listening to the first few shows in 2013. I've got some catching up to do.

  • @ag6477
    @ag6477 Жыл бұрын

    Feels like a purely motivational video.

  • @jeanc9868
    @jeanc98682 жыл бұрын

    This guy is a straight up angel he’s helping thousands of people break away to freedom

  • @Getrich7777
    @Getrich7777 Жыл бұрын

    great video always watching please update the bigger pockets podcast for Canadians

  • @boondocks211
    @boondocks2112 жыл бұрын

    Best podcast show ever

  • @jorgelopez-web
    @jorgelopez-web2 жыл бұрын

    Just bought my 3rd flat in Spain. High ROI although not high cashflow I am buildng my passive income monster. Planning to acquire 2 more in 2022

  • @smart1973
    @smart1973 Жыл бұрын

    Thank you

  • @throughfailureandsuccess
    @throughfailureandsuccess2 жыл бұрын

    Great info . Love the valuable information you shared with us !

  • @AmericanMadeHomeSolutions

    @AmericanMadeHomeSolutions

    Жыл бұрын

    I agree with you!

  • @thrill101
    @thrill1012 жыл бұрын

    Do you do financing on mentor-ship? What are terms if so?

  • @darryltognarelli6769
    @darryltognarelli67692 жыл бұрын

    Fantastic video there’s a lot of homework to be done!! That’s why I’ve got over $100,000 and climbing that will give myself power to work on buying!!

  • @susanhenry6429
    @susanhenry64292 жыл бұрын

    Mrs Clarissa is legit and her method works like magic I keep on earning every single week with her new strategy

  • @jenniferkatzman6899

    @jenniferkatzman6899

    2 жыл бұрын

    Wow I' m just shock someone mentioned expert Mrs Clarissa thought I' m the only one trading with her

  • @jenniferkatzman6899

    @jenniferkatzman6899

    2 жыл бұрын

    She helped me recover what I lost trying to trade my self

  • @ahmetdeniz3078

    @ahmetdeniz3078

    2 жыл бұрын

    I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Clarissa I think she is the best broker I ever seen

  • @davisgrasson9971

    @davisgrasson9971

    2 жыл бұрын

    Reach her through What's App ⏬⏬............

  • @davisgrasson9971

    @davisgrasson9971

    2 жыл бұрын

    †➊➑➌➋➏➌➒➌➏➏➐█ ▇ ▆ ▅....., 👈

  • @gilthebo
    @gilthebo2 жыл бұрын

    Really like your channel and vibe:) I am base in Japan, real estate investment is not like in the US , very few channel such as yours unfortunately down here. The spirit is the same but was wondering if within your network you have people doing this in Japan also...

  • @jfizzle1014
    @jfizzle1014 Жыл бұрын

    How long should you keep your investment?

  • @JeramieSaito
    @JeramieSaito2 жыл бұрын

    Hi Brandon does this calculator work outside of the United States or only in the US?

  • @Truthandjustice14
    @Truthandjustice142 жыл бұрын

    Brandon is lowkey the wisest guy on KZread

  • @alternativebee2748
    @alternativebee27482 жыл бұрын

    Just bought a multi family property on FHA and was wondering how long before I buy another? I've got cash from my home sale that I can invest, but not sure if I'll qualify for another loan

  • @SheWantsTheVic
    @SheWantsTheVic Жыл бұрын

    in a partnership who retains ownership of the asset? how is that handled?

  • @Plagius8
    @Plagius82 жыл бұрын

    I was so scared I wouldn't qualify or understand. Turned out I was over qualified. I've been there 38 months and thanks to you guy I've only paid 5 months of the mortgage.

  • @ryanthepianoman27

    @ryanthepianoman27

    2 жыл бұрын

    How

  • @sharp_101
    @sharp_101 Жыл бұрын

    Seems like this is tailored to USA. Does your tools work for Canada?

  • @hotrodlincoln7186
    @hotrodlincoln7186 Жыл бұрын

    Are foreclosures/short sales 🤔 a good

  • @gilbertjean-louis4826
    @gilbertjean-louis4826 Жыл бұрын

    Amazing 👏

  • @nickmanwebb14
    @nickmanwebb142 жыл бұрын

    I love these kind of videos because not only is it essential for people just starting out and learning it's even helpful for experienced investors to step back and remember the basics

  • @ken-nf2eg
    @ken-nf2eg Жыл бұрын

    Is being a pro member the only way I get real information?

  • @emersonridley4118
    @emersonridley41182 жыл бұрын

    Do any of these concepts apply in a historically hot market for investors? Hard not to get discouraged

  • @varunmenon474
    @varunmenon4742 жыл бұрын

    From Canada! I found the first was easy to buy but the 2nd is getting so difficult the way prices have skyrocketed in a years time.

  • @slf5141

    @slf5141

    9 ай бұрын

    Agree !

  • @sTEADYONE67
    @sTEADYONE672 жыл бұрын

    How can i find the episode where i can see the slides??

  • @Rafael-rf1sp
    @Rafael-rf1sp2 жыл бұрын

    I'm currently living with my parents and I disturb them all day by telling what I read everyday . I think unknowingly it is a great way to remember what you read. And now I’m currently about 80% through "Playbook to Millions by Grant Cardone. I have read a lot of entrepreneurial books and self improvement books, and this book is my absolute favorite. This book is extraordinary and really gets you to work extremely hard toward your goals in life and succeed at multiple different areas like personal finance, real estate, business and career. This is an absolute must buy if you need a push to get you going in business or you want more out of life.

  • @jfarrar231

    @jfarrar231

    4 ай бұрын

    Grant is a hack

  • @damis2372
    @damis23722 жыл бұрын

    Is it a good idea to invest in multi unit rental property in other states? I live in Dallas. Dallas just too expensive. Thinking investing in Oklahoma or Kansas. What are good states to invest in? Any thoughts?

  • @thirstyenttv

    @thirstyenttv

    2 жыл бұрын

    im in the chicagoland market. what ive noticed is that it is less expensive to purchase condos or townhomes unit by unit instead of buying a multi unit building. You will have to pay an association fee every month for your units but you wont have to worry about the maintenance of the buildings themselves because usually the association in the subdivision/building takes care of it. Chicago market is not good for multi-unit investment either currently but there are still good deals in my market and your market for properties im 100% sure of that

  • @dimakarpov5275
    @dimakarpov52752 жыл бұрын

    Hello. Guys do you have podcast about how acting with investors? how represent numbers? how much % is average they expecting on investing?

  • @soundofsilence248
    @soundofsilence248 Жыл бұрын

    Does ur bank requires you to present proof of income in all ur loans/refinancing? in ur case, do you register leasing as ur business so you can present ur financial statements to the bank as proof of income?

  • @amandamills8038
    @amandamills80382 жыл бұрын

    Thank y'all for sharing your knowledge! I have two rentals and can't wait to keep buying more as quickly as possible! Buy and hold investing is one of my favorite things to learn about. Unrelated, Brandon, keep up the BJJ training! My husband is a black belt and runs a couple gyms in Mobile, Al. If you ever come down this way, please reach out and come roll.

  • @paulthompson8642
    @paulthompson86422 жыл бұрын

    Amazing

  • @I4NI_
    @I4NI_ Жыл бұрын

    Red, good views bud well done

  • @marisasherwood724
    @marisasherwood7242 жыл бұрын

    This video is so so so HELPFUL!!! Thank you BeardyBrandon.

  • @cancer2361964
    @cancer2361964 Жыл бұрын

    what are the processes for buying property abroad

  • @ASHASTORMTV
    @ASHASTORMTV Жыл бұрын

    I literally learned sooooo much!!!! I’m def going pro in a few weeks…..my city is a goldmine for distressed properties

  • @stacygrey4022

    @stacygrey4022

    9 ай бұрын

    @ ASHASTORMTV What city is that

  • @beatricemusolo8869
    @beatricemusolo88692 жыл бұрын

    Hi,iam interested in real estates,if I may ask what are units in estates are they bedrooms or houses

  • @jamiereid173
    @jamiereid1732 жыл бұрын

    What’s the fee for Bigger Pockets?

  • @mattrevan9524
    @mattrevan95242 жыл бұрын

    I haven’t bought as I’m still in equities go find cash flow proprietors they’re around you will need to pay a premium or otherwise

  • @Theextremepessimist
    @Theextremepessimist2 жыл бұрын

    Also your beard over the years has become freaking awesome!!!! Jealous.

  • @billjones4425
    @billjones4425Ай бұрын

    I’m very new to all of this, but once I get it and it clicks, then I’m able to get my first property… it’ll be go time thereafter!!! Creating Momentum…😎💯💰💫 Thank you for the information!! Great insight!!

  • @casaclau
    @casaclau2 жыл бұрын

    Yes

  • @normarosa1
    @normarosa12 жыл бұрын

    I never received the intention journal

  • @EmanCarballo
    @EmanCarballo Жыл бұрын

    Does all rental property have to be on a 15 year mortgage ?

  • @Thienmy515
    @Thienmy5152 жыл бұрын

    I have a question, we just got a rental property last year and the interest is going up how would you do cash out refinance?

  • @AmericanMadeHomeSolutions

    @AmericanMadeHomeSolutions

    Жыл бұрын

    Great question! We're happy to share on ways for re-financing and it's all for free!

  • @casaclau
    @casaclau2 жыл бұрын

    How can I go into the Q n A?

  • @PatsandSox
    @PatsandSox2 жыл бұрын

    How many of these comments are from paid reviewers or fake accounts? Jeez. None of these comments are written like they’re coming from real people.

  • @ahmadismail6906
    @ahmadismail69062 жыл бұрын

    I have no knowledge about real estate and I want to learn it. Can someone please recommend me some beginner real estate basics course?

  • @Enthusiastichris
    @Enthusiastichris2 жыл бұрын

    Hey , how would i start? Which episode should I watch so I can start my real estate investing journey!

  • @mariekrekora9958
    @mariekrekora9958 Жыл бұрын

    What’s creative financing

  • @00sra
    @00sra2 жыл бұрын

    I graduated college with an associates this May. I got a job but I didn’t see myself doing it for that long, so the other day I told my boss I would be leaving by the end of 2021. I planned on going back to school to pursue architecture but the college I planned to attend no longer offers that program. About 3 years ago I got my first credit card because I watched a video on real estate and I learned how important credit is when it comes to buying a home. I have a good credit score now and have been thinking about getting into real estate now that it seems to be one of the best options I’ve got. I’m planning on getting my real estate license online which will hopefully allow me to work with someone who is already doing this and will help me gain experience. How should I start my career in this industry? What should I do to be successful? What are the biggest challenges people face in real estate? I’m not an extroverted person and I’m not the best looking. When I think of a real estate agent, that’s what I think of. Do those traits really matter as much as I think they do? Any advise and tips are very much appreciated. Thank you!

  • @eugenberzani1216

    @eugenberzani1216

    2 жыл бұрын

    Diontalk financial freedom. Find and watch his videos.

  • @hazeblank7441

    @hazeblank7441

    2 жыл бұрын

    its jan 4th 2022 did u leave ????

  • @00sra

    @00sra

    2 жыл бұрын

    @@hazeblank7441 Yes. Currently I’m just doing things I haven’t had the chance to. I haven’t started any real estate courses. Still not sure what to pursue. I working on improving myself though because that will hopefully give me the confidence I need to do anything.

  • @hazeblank7441

    @hazeblank7441

    2 жыл бұрын

    @@00sra ayo get that fucking money yaheard ??? i wish you the best 💪🏻💯‼️

  • @ryanthepianoman27

    @ryanthepianoman27

    2 жыл бұрын

    Keep your job go back

  • @Bubba54321
    @Bubba54321 Жыл бұрын

    I like your videos. We had 5 properties, sold 1 2 years ago while the market was on fire....but when you talk about the 133000 profit I don't hear you mention the capital gains from the government talking approximately 33% of the profit. After owning that property for 18 years and paying taxes, you still get hit hard. Do you have a video helping with capital gains? Was your 133000 profit after capital gains?

  • @Plagius8
    @Plagius82 жыл бұрын

    Preach!!!!!

  • @matthewdavis1752
    @matthewdavis1752 Жыл бұрын

    Surfing is the greatest thing to do in the history of things.

  • @angelfr9952
    @angelfr99522 жыл бұрын

    Brandon, First, I love BiggerPockets Podcast!, I found this podcast by mistake and I haven't stop watching it everyday. What about buying land and building my own duplex/triplex keeping it around the average price of single family homes around? House hacking on one unit and rent the other one/two. Will that make sense or worth it? I live in Naples, FL which is getting very expensive everyday. Thank you and keep up the good work!

  • @jfizzle1014
    @jfizzle1014 Жыл бұрын

    How long should you hold an investment?

  • @realtorlandlord

    @realtorlandlord

    Жыл бұрын

    The longer you hold, the more profitable the investment. I plan on holding mine for life 🙌

  • @Bluewh174
    @Bluewh1742 жыл бұрын

    Is it a good time in 2022?

  • @thirstyenttv
    @thirstyenttv2 жыл бұрын

    lots of helpful info in this video. I invest in real estate already but it's good to look for fresh ideas. I am building a rental portfolio and fixing and flipping. I also have a blog that documents my journey as a real estate investor. Anybody investing in real estate already?

  • @lenandov
    @lenandov3 ай бұрын

    40:20 In one zip code there are 200,000 vacant homes?

  • @tinachannel8436
    @tinachannel84362 жыл бұрын

    Yes My dream

  • @WizeLlfeinsurance
    @WizeLlfeinsurance2 жыл бұрын

    I’ll be on this podcast one day

  • @realtorlandlord

    @realtorlandlord

    Жыл бұрын

    LOVE THAT!!!!!!!

  • @aljan5047
    @aljan50472 жыл бұрын

    Brandon will be missed especially his beard but David is on his way to grow his beard to continue the tradition.

  • @forrealtyler
    @forrealtyler2 жыл бұрын

    What a way to go out! Getting everything full circle Thank you Brandon

  • @Ch-hg1iu
    @Ch-hg1iu2 жыл бұрын

    6 months ago I listen to brandon book how to invest without money now I'm really close to obtaining my first house whit the purpose of to refinance the property as soon as i have some paid off and house hack 2022 i love you brandon

  • @RidleyE

    @RidleyE

    2 жыл бұрын

    CONGRATULATIONS!!

  • @casaclau
    @casaclau2 жыл бұрын

    Brandon and David thankyou so much for all your podcasts..they are so powerful..I'm addicted and hoping to become a real estate investor....question..? I have about 200 k in equity on my existing 🏡 home....do you recommend a refi

  • @tboyrock2

    @tboyrock2

    2 жыл бұрын

    Do a heloc but look into it all

  • @TWilkslife
    @TWilkslife2 жыл бұрын

    My husband and I purchased 3 homes back in 2008. Recently, we’ve sold two of the houses and more than made our money back as you can imagine. We have paid off our primary home which is one of the three homes that we bought in 2008 . I’m ready to make our primary home work for us by buying more properties with either a heloc or possibly selling but selling is the last thing I want to do. Any suggestions as to how to make our primary home work for us

  • @DL-1

    @DL-1

    2 жыл бұрын

    I'm not an investor yet, so maybe this might not be the best suggestion, but I will still try to help. If you sold the other two homes, and were able to pay off your primary home... that is amazing. Congratulations. You have a place to live forever that only costs you property taxes, insurance, and maintenance costs. That's major. You could use a heloc or line of credit... but why risk it? Your dti is instantly lower...I would saved up for another deposit and put down on another property. Now, how you do that could be tricky. 15-20% down on a secondary, or move into a new home with a new fha loan, and rent out your newly paid off home. More questions than answers, I know. But you know your situation better than anyone, and must make the decision based on the outcome that you want. I hope this helps. I ask a lot of questions. I don't have it figured out yet.

  • @DL-1

    @DL-1

    2 жыл бұрын

    I may need your help in the future. Have a good day. Be blessed.

  • @ryanthepianoman27

    @ryanthepianoman27

    2 жыл бұрын

    @@DL-1 start with 32 u it’s

  • @DL-1

    @DL-1

    2 жыл бұрын

    @@ryanthepianoman27 what?

  • @bigdfitness5020
    @bigdfitness50202 жыл бұрын

    I like the driving for deals idea, as I do grubhub delivery with my girlfriend, and we like to look at all the real estate in the neighborhoods we deliver to.

  • @tboyrock2
    @tboyrock22 жыл бұрын

    I’ve got closing dates to 1/14

  • @Tressence_Tv
    @Tressence_Tv2 жыл бұрын

    Wish I could buy an aventador for 180k and 1.4 0-60!

  • @OrasRecipesandScenes
    @OrasRecipesandScenes2 жыл бұрын

    In the process of closing on a duplex will live in one end and already have a tenant $850 a month so basically I will have to pay about $450 for my half of the unit six months down the road will refinance get a lower rate and payments move out and lease each room the other end sorry I didn't do this through BiggerPockets I used to invest in real estate and decided to go back in it but have learned some great insights from this webinars we'll take it under advice I like the idea of buying a duplex for your child grandchildren for college ready to go to college they can sell it and have money to pay for school at least University Community College might be free if the by the ministration go forward with it unless you veteran and your children will go to school for free on your veteran benefits

  • @BradTheGigaChad
    @BradTheGigaChad2 жыл бұрын

    Would you bother using the brrrr Strategy if you only have enough for a down payment

  • @LohTek

    @LohTek

    2 жыл бұрын

    Depends on how much rehab the place needs, if you can get the down payment and cover rehab I would say go for it.

  • @swimmer5886

    @swimmer5886

    2 жыл бұрын

    If the property is undervalued when you first it you can still refinance later for a higher amount and complete a successful BRRRR. Even just waiting a year or two for appreciation will help.

  • @Potato_217
    @Potato_2173 ай бұрын

    I own 1 property. I live in it and it has gained 100k in value. Is it a good idea to refinance it, use that 100k to buy 1-2 homes and continue the brr method? Or dont since the property is my home and not a rental property where it may be too risky?

  • @rickrobs9398
    @rickrobs93982 жыл бұрын

    Yes, 2021 was my pivot year!

  • @RozalineMaiNoel-pv7ww
    @RozalineMaiNoel-pv7ww7 ай бұрын

    c'est numéro 3

  • @FloatingThroughTheRealm
    @FloatingThroughTheRealm10 ай бұрын

    Getting the first one is the hardest part.