Episodes
#167: 0 to 25 Units in Your First Year (Part-Time!) with Kevin Wood
Published March 24, 2016
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80 min
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    People have a lot of excuses about why they aren’t’ investing in real estate. “I work too much.” “I live in an expensive area.” “I don’t know enough.” But on today’s show, we sit down with a BiggerPockets member who is absolutely crushing it — despite a full-time job, living in Silicon Valley, and being brand-new to real estate. You’ll learn how Kevin Wood has managed to go from zero to twenty-five deals in under a year, largely using networking on BiggerPockets to make it happen. You’ll be inspired, motivated, and educated to get off the bench and jump into the game! In This Episode We Cover:How Kevin went from 0 to 25 units in less than a yearHow to overcome the fear of buying that first dealHow BiggerPockets helped Kevin focus on his investingThe “condo mistake” Kevin almost made for his first dealHow to have a competitive advantageTips for approaching other investorsWhy (and how) Kevin bought five houses at once for his first dealThe logistics of buying five properties at once as a newbieHow to know if you’re buying a good deal or notThe benefits of analyzing 100 dealsInvesting in stocks vs. real estateHow to make a good partnershipTips on working with partners — the good, bad, and uglyHow to introduce yourself on BiggerPocketsHow Kevin got a $200,000 discount on his 6-plexThe 14-unit turnaround — and the drama associated with itHow to work with a designer to get the best look for a unitA discussion on contractors and how to find themHow to manage a multifamily complexThe caveats associated with big fixer-upper dealsTips on going for package dealsThe genius negotiating strategy Kevin uses to get incredible dealsAnd SO much more!Links from the ShowBiggerPockets is hiring!BiggerPockets’ TwitterMail BiggerPockets SupportReal Estate Deal Analysis and Advice Forum CategoryBiggerPockets CalculatorsBiggerPockets ForumsBiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian BurkeBP Podcast 076: Growing Your Real Estate Company Into a $30 Million Dollar Business with Brian BurkeBP Podcast 152: Building Wealth and Passive Income with Rental Properties with Ben Leybovich, Brian Burke, and Serge ShukhatBiggerPockets WebinarKeyword AlertsRob Regan’s WebsiteBP Podcast 077: Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael QuarlesSharon Tzib’s ProfileBefore and After ImagesBeforeAfter RehabBooks Mentioned in this ShowRich Dad Poor Dad by Robert KiyosakiBrandon Turner’s The Book on Investing in Real Estate with No (and Low) Money DownInvesting in Apartment Buildings by Matthew MartinezThe Millionaire Real Estate Investor by Gary KellerThe 4-Hour Workweek by Timothy FerrissThe One Thing by Gary Keller and Jay PapasanTweetable Topics:“Once you have that first deal, you suddenly become more legitimate.” (Tweet This!)“Once the number makes sense, then we do everything we can to find the yes.” (Tweet This!)“Never compromise in your returns.” (Tweet This!)Connect with KevinKevin’s BiggerPockets Profile
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