90: My First Real Estate Investment – A Newbie Podcast With Matt, Romeo and KC
Don’t miss this special feature, as we come to you live from FinCon 2014 for Podcast 90!
In a BiggerPockets Podcast first, we sit down and chat live with financial conference attendees Matt Giovanisci from New Jersey, Romeo Jeremiah from Detroit and KC Beavers from Rochester, NY, three real estate investor newbies with fascinating stories and great tips for beginning investors and veterans alike! Hear from “accidental landlords” — a growing breed of property owners — firsthand, and let yourself be regaled by tales proving that first time investors CAN achieve success from the get go. A unique and high energy recording, this is one episode you’ll definitely want to tune in for!
In This Show We Cover:
- Getting stuck with a property during the economic downtown
- The decision to rent by default, ie. the “Accidental Landlord” situation
- The art of staging a space to rent it out fast
- What exactly a “Streamline Refinance” entails
- The pros and cons of renting from afar
- Why finding a (trusted) property manager can be crucial
- The simple way to fix a garbage disposal you may not know
- A great first-time house flip success story
- How to start out with a 24-unit apartment building
- The concept of “Forced Appreciation”
- Wealth creation vs. wealth preservation
- The importance of thoroughly vetting tenants
- The ins and outs of using Real Estate to diversify your portfolio
- How to get a loan on a commercial property
- And so much more!
Books Mentioned in the Show
- The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss
- The Millionaire Real Estate Investor by Gary Keller
- The E-Myth : Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber
Tweetable Topics
- “You can never learn enough about this [industry].” (Tweet This!)
- “Just take action, just go for it…but make sure it was a risk worth taking.” (Tweet This!)
- “There’s not going to be a single path for someone to take.” (Tweet This!)
Connect with Matt
Connect with Romeo
Connect with KC
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