13: Buying Real Estate with Seller Financing and Speculating with Leon Yang
Traditional cash flow investing and bank loans are the most common methods used for buy-and-hold investors, but it’s not the only way.
Today’s episode of the BiggerPockets Podcast looks at some alternative methods of real estate investing that we haven’t covered in great detail yet on the show, but may help you pick up new skills and ideas for your investing plan. On today’s show, we sit down with Leon Yang, a young investor from the Las Vegas area who fills us in on his strategy to buy homes using seller financing. We also learn how he closely watches the real estate market to ride the “speculation wave” to build wealth through appreciation and time.
A BiggerPockets Podcast Milestone!
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Read the transcript for episode 13 with Leon Yang here
In This Show, We Cover:
- How to get started when living in a city with high prices
- Why Leon chose Las Vegas to invest in
- How to use seller financing to fund your purchases
- Leon’s primary source for finding seller financing.
- How to approach sellers and negotiate the best deal.
- Two things more important than “selling price” in a deal.
- Speculating in real estate: is it ever okay?
- Leon’s view on the future of inflation in the US.
- The first step for new investors.
- Why now is the best time to invest in real estate.
Links from the Show
- How to Buy a Small MultiFamily Property: A Step by Step Case Study
- Using BiggerPockets to Grow Your Business – Free eBook
- What is Your Real Estate Lifestyle? (Post by Leon Yang)
- BP Podcast 006: Investing While Holding a Full Time Job with Arthur Garcia
- How to Invest in Real Estate when Everything is Too Expensive
- The BiggerPockets Blog
- The BiggerPockets Forums
Books Mentioned in the Show:
- Rich Dad Poor Dad by Robert Kiyosaki
- The Total Money Makeover by Dave Ramsey
- The Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets
- Investment Biker: Around the World with Jim Rogers
Tweetable Topics
- “Seller financing is about relationships and trust. Build that before negotiating.” (Tweet This!)
- “Inflation is a borrower’s friend.” (Tweet This!)
- “To be successful, you have to get a good financial education.” (Tweet This!)
- “Strike a good balance between real estate and the rest of your life.” (Tweet This!)
- “It’s the experiences in life that make life interesting, not how much money you have.” (Tweet This!)
Learn More about Leon
- Leon’s Blog: HardWorkingPenguin.com
- Leon’s Facebook
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