799: 3 Steps to Building a Simple, Safe, "No Bank" Rental Property Portfolio w/Cody Davis and Christian Osgood
You can build a multifamily real estate portfolio without a ton of money, risk, or time. Cody Davis and Christian Osgood built their multimillion-dollar rental property portfolio in a matter of years, using strategies that ANYONE, no matter their experience level, can use. But, how they do things is a little unconventional and probably goes against everything top real estate investors have been telling you.
While the world looked to lock down as much debt as possible during 2020-2021’s low mortgage rates, Cody and Christian sought something else. This dynamic investing duo wanted long-term debt on excellent properties that could be paid off quickly, enabling them to own their portfolio outright. This meant that Cody and Christian would have to sacrifice a substantial amount of cash flow, keep their spending low, and only buy the best properties out there.
How Cody and Christian bought the properties is a strategy you most likely haven’t heard of before. It’s so ingenious that if you follow the same steps as Cody and Christian, you’ll be able to get THE best properties, at the best price, from a seller who WANTS you to make money off them. Doesn’t sound possible in such a cutthroat industry, does it? Stick around to learn the EXACT steps Cody and Christian took to build their low-risk, high-reward, eight-figure portfolio.
In This Episode We Cover:
How Cody and Christian built a 130-unit rental portfolio in just a few years
The three simple steps to seller financing and why you NEVER ask if an owner is selling
Working with realtors and how to turn on-market deals into off-market steals
Where to find seller-financed properties and owners that are most likely to sell
Mortgage rates, bank loans, and how to choose your own terms on your next loan
How to NEVER lose your wealth and why most investors are in for a rude awakening
And So Much More!
Links from the Show
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
BiggerPockets Podcast 554 with Cody
BiggerPockets Podcast 605 with Christian
How Cody Davis Acquired 81 Units By The Time He Turned 21
The Definitive Guide to Using Seller Financing to Buy Real Estate
Connect with Cody & Christian:
Christian's BiggerPockets Profile
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-799
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Recorded at Spotify Studios LA.
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