213: Investing in Real Estate without Being a Landlord with Noah Kagan
If there is one thing you can know for sure by listening to the BiggerPockets Podcast, it’s this: There are a LOT of ways to invest in real estate! That’s why we’re excited to bring you today’s interview with Noah Kagan, who invests in a different way than most of the guests we’ve had on the show. Noah currently runs several very successful internet businesses (SumoMe and AppSumo) and knew he didn’t want to be a landlord; Noah knows his best return is made in his business. Therefore, he devised his investing strategy around NOT being the landlord. Noah is a wealth of information and one of the most motivating humans we’ve ever met. So sit back and enjoy today’s episode with Noah!
In This Episode We Cover:
- Who Noah Kagan is and how he got into real estate investing
- What keeps newbies from buying their first investment properties
- The ROI of other businesses as compared to real estate investing
- A discussion on the 1% rule
- Thoughts on whether a commercial property is a good first investment
- Why you should find experienced real estate investors in your area
- Tips for growing your capital
- How Noah finances his deals
- What you should know about asking other people for money or syndication
- Why you should stop apologizing for being successful
- How to grow your network
- When should you stop learning and start doing
- The importance of knowing where do you want to be in 5 years
- Why you should visualize the destination
- And SO much more!
Links from the Show
- BiggerPockets Forums
- SumoMe
- AppSumo
- BiggerPockets Webinar
- BiggerPockets Facebook Page
- RealtyShares
- PeerStreet
- Where’s my money? (Blog Post)
- Noah’s Spreadsheet
- BP Podcast 204: Flipping 30+ Deals by Age Twenty-Five with Chris Gill
- BiggerPockets Event Forums
- Chess
Books Mentioned in this Show
- The Book on Investing with Low or No Money Down by Brandon Turner
- The Miracle Morning by Hal Elrod
- The Obstacle Is the Way by Ryan Holiday
- The Ultimate Sales Machine by Chet Holmes
- Confessions of a Real Estate Entrepreneur by James Randel
Tweetable Topics:
- “It took me 10 years to actually be ready, not financially but mentally, to make that decision, to make that purchase.” (Tweet This!)
- “The best deals happen off-market.” (Tweet This!)
- “I think the trait of a successful person is resourcefulness.” (Tweet This!)
- “If you want to find someone else to help you, you have to help someone else.” (Tweet This!)
Connect with Noah
- Noah’s BiggerPockets Profile
- Noah’s Website
- Noah Kagan’s Present Podcast
- Noah’s Keynote Speech at Fincon 2016
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