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!Links From The Show:BiggerPockets Ad SalesConfessions of an Ex-Banker: How to Get Your Next Loan Approved, Guaranteed.Books Mentioned in the ShowFour Hour Workweek by Timothy FerrissRich Dad Poor Dad by Robert KiyosakiThe Richest Man in Babylon by George S. ClasonThe Millionaire Next Door by Thomas J. StanleyThe Millionaire Real Estate Investor by Gary KellerBrandon 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 SchulteThe Skinny on Real Estate Investing: An Introduction to the Subject by Jim RandelThe E-Myth : Why Most Small Businesses Don’t Work and What to Do About It by Michael E. GerberThe Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime by MJ DeMarcoConnect with ScottScott’s BiggerPockets ProfileConnect with LaurenLauren’s Blog – LBeeAndTheMoneyTree.comLauren’s TwitterLauren’s InstagramAwkward Money ChatConnect with PhilipPhilip’s Blog – PTMoney.comPhilip’s Blog detailed post about his cash flow report on his rentalPhilip’s TwitterFinconExpo