169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 7 April 2016

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

What does it take to truly find success in real estate — especially when you make an average salary and live in an expensive city? That’s the topic of today’s show, where we sit down with David Greene, a full-time police officer in the San Francisco market who’s managed to buy multiple deals in the past several years through mass hustle and persistent deal-finding. You’ll learn how David finds deals, invests both in-and-out-of-state, and finances those deals on a cop’s salary! This show is sure to motivate and educate you to do more deals this year! In This Episode We Cover: Who David Greene is and how he bought a $565k house for $195k The challenges of renting out a house His tips for first time landlords Thoughts on credit checks How to use property managers as advisors Steps for buying property from afar The second hurdle he met while investing What you want in a real estate agent How he got financing despite his profession Looking at investing like the Golden Real Estate Warriors to save money The importance of working hard to reach your goals A discussion on investing in notes — the downsides and upsides David’s game plan Why consistency is key to reaching success And SO much more! Links from the Show Keyword Alerts Tenant Screening: The Ultimate Guide How To Rent Your House: The Definitive Step by Step Guide How to Invest in Real Estate with Just 5 Spare Hours Per Week Be Like Elon (image) BackstreetBoys Documentary on MTV Jeff Brown’s BiggerPockets Profile Compound Interest Spreadsheet BiggerPockets Instagram Post (Quote) BP Podcast 034: Virtual Real Estate Investing and How to Find Great Deals in a Hot Market with Anson Young Andrew Cushman’s BiggerPockets Profile BiggerPockets Webinar Books Mentioned in this Show The Book on Rental Property Investing by Brandon Turner The Richest Man in Babylon by George S. Clason So Good They Can’t Ignore You by Cal Newport The Millionaire Real Estate Agent by Gary Keller The Millionaire Real Estate Investor by Gary Keller Rich Dad Poor Dad by Robert T. Kiyosaki Tweetable Topics: “You can do everything wrong in real estate at the beginning. If you hold on long enough, it’s going to work out.” (Tweet This!) “You have to embrace that it’s hard and be glad that it is.” (Tweet This!) Connect with David David’s BiggerPockets Profile David’s Website David’s Facebook Profile David’s LinkedIn Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the BiggerPockets Podcast,
0:03.0	show 169.
0:05.0	The rest of my life is going to go on hold for a little while,
0:08.0	and I'm going to work like a dog to make as much money
0:10.0	as I possibly can to come up with the down payment for these houses.
0:14.5	You're listening to Bigger Pockets Radio, simplifying real estate for investors large and
0:19.6	small.
0:20.8	If you're here looking to learn about real estate investing without all the hype, you're in the right place.
0:26.0	Stay tuned and be sure to join the millions of others who have benefited from BiggerPockets.com.
0:32.0	Your home for real estate investing online.
0:35.0	What's going on everybody? This is Josh Dorkin.
0:37.0	Ho!
0:38.0	To the BiggerPockets podcast here with my co-host, Mr. Brandon Turner.
0:42.0	What's going on, Brandon? hey Josh Dorkin so yesterday to jump right into things I don't really care you do I did something I did something more dangerous than skydiving oh this story I was going to tell you earlier and then I told you I'd tell you
0:54.0	doing the intro so. Okay okay. Yes what I did yesterday that was more dangerous than
0:56.9	skydiving. A. Super hot pepper. I did not know I actually went flying again in my
1:01.8	introductory flight so I want to learn I'm going to get my pilot's license with a
1:05.1	Wonderful
1:06.4	Notes to sell that shirt and say yeah make sure you know policy on Brandon.
1:10.8	There you go yeah it was like this rickety old like a 70 year old plane or 60 year old plan that he restored himself
1:15.4	with a 71 year old guy driving it.
1:18.4	So you trust the 71 year old guy to restore and fly the plane that you put in your life and that, wow.
	...

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