Investing in real estate while holding a full time job may not always get the most discussion in the real estate investing world – but there are thousands (if not millions) of investors who do just that. On today’s episode of the BiggerPockets Podcast, we sit down with Arthur Garcia, a busy part-time investor who has massed an impressive collection of rental properties while holding a full time job. This show is filled with a ton of really great tips to help any investor – large or small – be more efficient with their investing time. In addition – this was probably the most humorous show to date!
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Read the transcript of Episode 6 with Arthur Garcia here.
In Today’s Podcast, We Cover:How to invest when prices are too high in your area.How to get started with “buy and hold” investing when you don’t have much money or time.How to use use “cost to rebuild” to predict the future of your market.Why Arthur and his wife sold their primary residence to live in an apartment while buying rental property.The “super creative way” to find flexible lenders.How to find “Portfolio loans.”A great way to legally get around the “10 loan” limit for mortgages.Why investing while holding a job gives you an advantage.Tips for finding a great property manager.The story of a topless 90 year old woman that finally convinced Arthur to hire a property manager.Tweetable Topics:“You can’t save your way to serious wealth in retirement.” Tweet This Quote!“That first rental check fueled my addiction for real estate investing.” Tweet This Quote“Do everything you can to take advantage of the downturn in the market” Tweet This Quote!“You gotta draw a line in the sand and place your bet on where you think the market is going to go.” Tweet This Quote!“To invest in real estate while holding a full time job – you need to find ways to build systems.” Tweet This Quote“What makes the top performers stand out? The Art of the Side Hustle” Tweet This Quote!Links from the Show:BiggerPockets Summit – Conference 2012Steve LandisMichael ZuberP90XInsanityBooks Mentioned in the Show:The BiggerPockets Ultimate Beginner’s Guide to Real Estate InvestingThe E-Myth by Michael GerberRich Dad Poor Dad by Robert KiyosakiHow I Turned $1,000 into Three Million in Real Estate in My Spare Time – by William T NickersonHow to Win at the Sport of Business by Mark CubanAbout Arthur Garcia
Arthur Garcia is a buy and hold investor in Southern California who is buying up dozens of homes while working a full time job. Arthur acquires properties using a combination of hard money, HELOCs, partnerships and private investors. You can find out more about Arthur at:Arthur’s BiggerPockets ProfileArthur’s Blog – The Buy and Hold Guys.com