Today on the BiggerPockets Podcast we’re excited to bring you another “newbie podcast” with 3 new real estate investors who are excited to share with you the story of their very first real estate deal! This episode we are talking with three investors who share a common trait: they all have a deep understanding of personal finance and it’s role in the real estate investing space and write about it online!
Today you’ll hear from Scott Trench, Lauren Bowling, and Philip Taylor as they share how they found their first deal, financed it, manage it, and more. We cover everything from house hacking to creative finance, dealing with fear, and numerous other topics so, without further suspense, let’s get to the show!
In This Show We Cover:
How to find deals in a hot marketFinding and working with a great agentDown payments: how much is really needed?Three different “house hacking” methods (one from each guest!)Using government programs to finance propertiesWrapping repairs into the loan and creating immediate equityThe one rule you need when renting to family or friendsHow to thrive when your home is worth less than you paid for itDoing your own work vs. hiring it outHow to cash flow your property and save on taxes at the same timeThe #1 personal finance tip from each guestPlus MUCH more!BiggerPockets Ad SalesConfessions of an Ex-Banker: How to Get Your Next Loan Approved, Guaranteed.Books Mentioned in the Show
Four Hour Workweek by Timothy Ferriss
Rich Dad Poor Dad by Robert Kiyosaki
The Richest Man in Babylon by George S. Clason
The Millionaire Next Door by Thomas J. Stanley
The Millionaire Real Estate Investor by Gary Keller
Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money DownBiggerPockets’ Ultimate Beginner’s Guide to Real Estate InvestingOverwhelmed: Work, Love, and Play When No One Has the Time by Brigid Schulte
The Skinny on Real Estate Investing: An Introduction to the Subject by Jim Randel
The E-Myth : Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber
The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime by MJ DeMarco
Connect with Scott
- Scott’s BiggerPockets Profile
Connect with Lauren
Lauren’s Blog – LBeeAndTheMoneyTree.comLauren’s TwitterLauren’s InstagramAwkward Money ChatPhilip’s Blog – PTMoney.comPhilip’s Blog detailed post about his cash flow report on his rentalPhilip’s TwitterFinconExpo
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