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BiggerPockets Real Estate Podcast

605: More Problems, More Money & Why Investors Should Search for Fresh Headaches

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 5 May 2022

⏱️ 74 minutes

🧾️ Download transcript

Summary

How many rental units do you want? Depending on who you ask, the number of rental properties can differ dramatically. A young investor may be looking to scale their portfolio quickly, eyeing ten, fifteen, or even one-hundred units. But, for a veteran real estate investor, who may already have a three or four-figure portfolio, the optimal rental unit count could be none at all—they may purely want passive income. Christian Osgood knows this all too well, and it’s how he’s grown a seventy-one-unit portfolio in such a short amount of time. As half of a dynamic investing duo, Christian and his partner Cody Davis know that the first place to look for a deal is within someone’s goals. Unlike most off-market deal hunters, Christian and Cody don’t blatantly ask a seller if they’re willing to part ways with their property. They do something much different and a bit unorthodox.  Christian and Cody have grown a massive multifamily portfolio in an impressive amount of time. Christian walks through the reasons why this partnership works, how they divvy up their roles, and why new investors should learn to love new problems, not cower in fear over potential pit-stops on their wealth-building journey.  In This Episode We Cover The “fish hauling and shipbuilding” of a perfect real estate partnership  Why entrepreneurs and investors alike should search out new problems to solve Financing large deals using OPM (other people’s money) and raising capital the right way How to find any off-market property owner simply by using Google Maps The biggest mistake you can make when raising money from private investors  Relationship marketing and how it can open you up to phenomenal real estate deals  And So Much More! Links from the show 81 Units in 3 Years: All On-Market with NO Bank Loans w/Cody Davis OpenCorporates Airbnb HGTV Microsoft Investment with David Greene David's Instagram Robuilt's Instagram Robuilt's Tiktok Robuilt's Twitter Rental Property Investing The 10X Rule Connect with Christian: Cody and Christian's YouTube Channel The Multifamily Strategy Christian's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-605 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the bigger pockets podcast show, 605.

0:05.4

Now I'm learning accounting.

0:06.5

I have the right person to teach it to me.

0:08.6

I have a CPA who took me a while to find,

0:11.4

but I have the right CPA who makes me go through the steps

0:14.3

and learn it before he'll file anything.

0:16.6

While it's a pain, I'm understanding it.

0:18.4

And next year when I get here,

0:20.3

I'm not gonna have an accounting problem.

0:21.6

I'm gonna have a whole new set of problems.

0:23.1

And that is what I'm targeting every time.

0:24.6

When I'm stuck, I need to make sure I'm not stuck

0:27.6

on an old problem.

0:29.4

What's going on everyone?

0:30.4

My name is David Green and I am your host of the bigger

0:39.2

pockets real estate podcast.

0:41.4

The podcast where we teach you how to build

0:43.6

wealth through real estate and improve your life

0:46.6

through the financial freedom that it can provide.

0:48.7

We do that by bringing on different guests

0:50.3

that have walked this journey before you

0:52.5

to teach you what they did and maybe left some bread crumbs

...

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