90: My First Real Estate Investment – A Newbie Podcast With Matt, Romeo and KC - a podcast by BiggerPockets

from 2014-10-02T06:00

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Don’t miss this special feature, as we come to you live from FinCon 2014 for Podcast 90!

In a BiggerPockets Podcast first, we sit down and chat live with financial conference attendees Matt Giovanisci from New Jersey, Romeo Jeremiah from Detroit and KC Beavers from Rochester, NY, three real estate investor newbies with fascinating stories and great tips for beginning investors and veterans alike! Hear from “accidental landlords” — a growing breed of property owners — firsthand, and let yourself be regaled by tales proving that first time investors CAN achieve success from the get go. A unique and high energy recording, this is one episode you’ll definitely want to tune in for!

In This Show We Cover:

Getting stuck with a property during the economic downtown
The decision to rent by default, ie. the “Accidental Landlord” situation
The art of staging a space to rent it out fast
What exactly a “Streamline Refinance” entails
The pros and cons of renting from afar
Why finding a (trusted) property manager can be crucial
The simple way to fix a garbage disposal you may not know
A great first-time house flip success story
How to start out with a 24-unit apartment building
The concept of “Forced Appreciation”
Wealth creation vs. wealth preservation
The importance of thoroughly vetting tenants
The ins and outs of using Real Estate to diversify your portfolio
How to get a loan on a commercial property
And so much more!

Books Mentioned in the Show

The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss
The Millionaire Real Estate Investor by Gary Keller
The E-Myth : Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber

Tweetable Topics

“You can never learn enough about this [industry].” (Tweet This!)
“Just take action, just go for it…but make sure it was a risk worth taking.” (Tweet This!)
“There’s not going to be a single path for someone to take.” (Tweet This!)

Connect with Matt

Matt’s Website

Connect with Romeo

Connect with KC

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Further episodes of BiggerPockets Real Estate Podcast

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