706: How to Build a Real Estate Portfolio from Scratch in 2023

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 27 December 2022

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

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Summary

Want to become a real estate millionaire? You’re in the right place. No matter how much money you’re starting with, how much experience you have, or how many Seeing Greene episodes you’ve watched, it’s ALWAYS possible to build wealth through real estate. But that’s easy for someone like David Greene and Rob Abasolo to say, right? They’ve already made it big, with millions of dollars in cash-flowing income properties. But they didn’t start like this. David and Rob have come together to ask themselves, “what would we do if it all came crashing down?” If both of them lost their entire real estate portfolios in one fell swoop, how would they build it back up? Today, we put these two real estate legends in the hot seat and give them the biggest nightmare scenario so they can show you exactly how to build a real estate portfolio from scratch, no matter where you’re starting. David and Rob will also be given certain dollar amounts to use in rebuilding their portfolio. So, if you’ve only got a thousand bucks on you, David and Rob will show you exactly how to use it best to catapult your wealth forward so you can become a real estate millionaire. If 2023 is going to be YOUR year to get started, get going, and get one step closer to financial freedom, we’d suggest following David and Rob’s plan! In This Episode We Cover: The biggest challenges real estate investors face today (and how to solve them) Raising private capital, real estate syndications, and how to use other people’s money to build wealth Mistakes to avoid when building (or starting) your real estate portfolio The four steps to take when rebuilding a real estate portfolio and why building your network is so crucial Rental arbitrage and why it’s a great no money down strategy for cash flow House hacking and the low down payment loans you can use to buy properties for cheap Boosting your brand, creating content, and how to build a reputation in real estate And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Rob's BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter Listen to Part 1 6 Mistakes to Avoid How to Make 100% Passive Income How to Build a Real Estate Portfolio from SCRATCH in 2023 The Ultimate Guide to Airbnb Rental Arbitrage How to Become a Real Estate Millionaire (NO Experience Necessary) Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-706 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! 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
0:02.7	7 0 6 in my opinion real estate should it's fun making money
0:08.6	But real estate should never be fun because you should never be making that money and using it
0:13.6	You should be reinvesting it and that's not fun. That's actually disciplined
0:17.4	You know, it's like
0:19.4	Yes, I like making the money, but it really hurt. I'm like, oh, I fully could just use that $5,000
0:24.8	I made this month on this tiny house
0:26.2	That would be really fun, but I have to force myself to say well, sorry Rob
0:30.0	Got to put it into the next property or into reinvesting in that property
0:33.9	And it's not fun. What's going on everyone? This is David Green with my co-host Rob Abisolo who you just saw
0:40.2	Trying to match me with the 7 0 6 which is harder to do than you would think and one of the reasons I'm the host of the show because nobody could get the hand gestures
0:48.0	Right that's right
0:49.5	You're here at the best the biggest the baddest real estate podcast in the world for a pretty cool show
0:54.5	It's gonna be Rob and I solo today
0:57.2	Talking about what we would do if we lost everything and had to start over with no money and no houses in
1:04.6	2023 today show is very fun very insightful and very thought-provoking if you will and hopefully very inspirational
1:12.6	For you Rob how are you today good? You know as you were saying all that it made me think of a of a show idea
1:18.2	You know how you do the seeing green what if I did my own version of it called the Robert Abisolo solo show the solo solo
1:27.2	Bigger pocket show solo too
1:30.3	So you're right up me is what you're saying? I'm just saying you do seeing green
1:34.0	I think it's time for the solo solo show the solo show the abisolo show
1:37.8	The abisolo solo show, but maybe you can still be a part of it. I just really like the name
	...

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