708: Future Millionaires: The 90-Day Mentorship to Grow Your Real Estate Portfolio
There’s a big difference between a real estate portfolio and having a few rental properties. Casual real estate investors can slowly start stacking one or two units a year and eventually end up with financial freedom, but often with stress and headaches that match their cash flow. Other investors, like David Greene and Rob Abasolo, take a more goal-oriented approach, building millions of dollars of wealth in under a decade with a portfolio that is self-sustaining, not self-defeating. Our goal here at BiggerPockets is to help YOU find financial freedom by following the same steps as investors like David and Rob.
In the same spirit, David and Rob have decided to sit down with three mentees and give them one-on-one coaching to get them to their ultimate goals. These mentees are all at different stages of their investing journey, focusing on different strategies with different properties. First, we talk to Philip, a school teacher who dreams of building out glampsites and campsites, all while developing cash-flowing retreat centers. Secondly, we talk to Wendy, an investor stuck in the “turnkey trap” who wants to escape her job and the low cash flow of “easy” investing. Lastly, we talk to Danny, a multifamily investor who wants to scale faster to regain his time.
All of these mentees have the same goal: financial freedom. If you’re trying to find your way out of the rat race and into the wealth-building realm of real estate, these are the episodes for you. We’ll continuously be checking in on our guests, giving them action items, and helping them work through any roadblocks that come their way. So stick around for the journey; you might hit financial freedom faster!
In This Episode We Cover:
Investing in glamping, camping, and retreat centers and why developing may be a costly move
How to find a real estate agent/broker who can source your PERFECT property (even if it’s VERY niche)
The “turnkey trap” and why easier investing often leads to lower returns
Why working in real estate as you build your portfolio is a cheat code for investors
House hacking, rental arbitrage, and creative ways to rent your properties for more
How to scale from small to large multifamily investing and how to find your own mentor
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
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
Hear Our Interview with the Discount Lots Founders
How to Plan for (and CRUSH) Your 2023 Goals
Book Mentioned in the Show
Long Distance Real Estate by David Greene
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-708
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