17: Finding Mentors, Facing Retirement, and Note Investing with Jeff Brown

BiggerPockets Real Estate Podcast

BiggerPockets

Business, Investing, Education

4.8 • 16.6K Ratings

🗓️ 9 May 2013

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Real estate investing is about more than just making money in the here and now – it’s also about setting up your future for a solid retirement with minimal hassle and maximum wealth. However, planning for that time in your life is not always the most easy-to-understand task. To help, we sit down with investment specialist Jeff Brown, a very common face around the BiggerPockets Blog, to discuss some of the best ways to find mentors, what you can do to start preparing for retirement right now, and how to invest in notes using cash or your self directed IRA or 401K. This show is filled with a lot of really actionable, in-depth content so be sure to have your notepad ready – you’re going to need it! In This Show, We Cover: How to find mentors to help train and teach Why real estate brokers make the best mentors What CCIM is and why you should consider it How much do you need to quit your job and go “Full Time?” Why $1 million might not be enough for you for retirement 3 paths to maximize after-tax income. Why “cash flow” might be overrated when beginning Why you should STOP investing in your 401K and IRAs – even with a “company match” Investing in notes vs. property … why one is better than the other How to find good notes to invest in 3 Case studies – what should a 25 year old do, a 45 year old do, or a 60 year old do for retirement? and more Books Mentioned in the Show: The E-Myth Revisited by Michael Gerber The Basic Steps in Real Estate Exchanging by Royce Ringsdorf. Links from the Show: The BiggerPockets FilePlace CCIM Training Tweetable Topics “The best mentoring you can get is often at the 19th hole around a plate of fries.” (Tweet This!) “Don’t leave money on the table just because you want the pleasure of being able to drive by your investment.” (Tweet This!) “When you retire, the one with the most options wins” (Tweet This!) “I want to retire yesterday afternoon around 4:30!” (Tweet This!) Learn More about Jeff Jeff’s BiggerPockets Account Jeff’s BiggerPockets’ Blog Posts Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the BiggerPockets podcast Show 17
0:03.0	You're listening to Bigger Pockets Radio
0:06.0	Simplifying real estate for investors large and small.
0:10.0	If you're here looking to learn about real estate investing without all the hype, you're in the right place.
0:16.0	Stay tuned and be sure to join the millions of others who have benefited from BiggerPockets.com.
0:22.0	Your home for real estate investing online.
0:25.0	Hey everybody, this is Josh Dorkin
0:27.0	with the BiggerPockets podcast here with my co-host,
0:30.0	Brandon Turner.
0:32.0	Are you waiting for something, Brandon Turner. Are you waiting for something? I thought you were to say like
0:36.4	what's up Brandon or how's it going Brandon and said you just left it hanging so
0:40.7	I did. How are you doing Josh? I'm doing good. I actually just got back yesterday from
0:46.4	from North Carolina of all places. Nice. Yes it's it's actually remarkably gorgeous out there.
0:54.0	I was at a wedding down by Duke and explored, looked at some of the neighborhoods,
1:00.0	and just kind of checking out the real estate a little bit.
1:02.0	It's a fantastic part of the
1:04.4	country. If you've never been there, I definitely recommend taking a little road trip
1:08.6	or something and checking it out. I have not been there. I think I drove through it once on my way to Disney World or something but that's about it.
1:16.0	Yeah, so I'm back and here we are with the show so we should we should probably move on and actually get into it what do you think
1:25.5	I would concur good well before moving forward we probably should start with the quick tip.
1:35.0	Today's quick tip on the BiggerPockets podcast.
1:39.8	The File Place, BiggerPockets File Place is a, it's an entire file vault full of e-books,
	...

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