13: Buying Real Estate with Seller Financing and Speculating with Leon Yang

BiggerPockets Real Estate Podcast

BiggerPockets

Business, Investing, Education

4.8 • 16.6K Ratings

🗓️ 11 April 2013

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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! Before we get to the show – we want to give a big thanks to everyone who has left us a review in iTunes– we are up to 175 five-star reviews and counting! Also – we have reached 100,000 downloads of the podcast since we started – which is really, really incredible! Thanks so much to everyone who has helped us reach this milestone and supported BiggerPockets on this journey! 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This is the BiggerPockets podcast show 13.
0:03.0	You're listening to Bigger Pockets Radio
0:06.0	simplifying real estate for investors large and small.
0:09.0	If you're here looking to learn about real estate investing without all the hype, you're in the right place.
0:15.0	Stay tuned and be sure to join the millions of others who have benefited from BiggerPockets.com.
0:21.0	Your home for real estate investing online.
0:25.0	Hey everybody I'm Josh Dorkin your host of the BiggerPockets podcast here with my co-host
0:30.1	Brandon.
0:31.1	What's up Brandon?
0:32.2	Hey Josh not much things are pretty good. I closed on a new property this week so that makes me happy
0:38.3	Fantastic always exciting to close on yet another property. It is it's I wrote about it over on the blog so people can
0:45.1	check that out if they want to know the dirty details but yeah it's it's good so
0:50.2	now that's awesome man well you know what else is awesome Brandon?
0:53.6	What else is awesome?
0:55.0	Speaking of awesome. That's Josh.
0:56.0	Awesome is a hundred thousand. Do you know why a hundred thousand is awesome?
1:00.1	Is that the amount of money that you're going to give me today?
1:03.5	That is certainly not the amount of money I'm going to give you today.
1:07.6	However, that is no not tomorrow either Brandon.
1:11.8	A hundred thousand is the number of times our podcast has been listened to up until now,
1:20.0	up until at the time of this publication of this podcast two days ago.
1:25.0	So we have a we have a clips the 100,000 listens milestone which is I think it's
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.