730: How to Start a Real Estate Portfolio with Just $10K

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 21 February 2023

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Want to know how to invest in real estate with $10,000? For most people, $10,000 doesn’t sound like enough to start a rental property portfolio. But today, you’ll learn exactly how to turn this easily savable amount of money into the foundation for financial freedom. If you want to know the nine ways you can begin building wealth through real estate with $10,000 or less, stick around! David Greene, Henry Washington, and Rob Abasolo all started their real estate investing journeys without stacks of cash. They had to scrimp, save, and hustle to get to their first property. But, once the cash flow wheel started to turn, all of these investors quickly multiplied their real estate holdings and sailed straight for financial independence. And now, they want to help you do the same! David, Henry, and Rob all share their favorite ways to invest in real estate with $10,000, the risks and rewards of each of these strategies, and pit each method against the others in a strategic showdown on the BEST way to invest in real estate with little money. They even share the fastest ways to save up $10,000, so you can start investing sooner! So if you want to make 2023 THE year you start investing, even if you don’t have much savings, stick around! In This Episode We Cover: How to invest in real estate with $10,000 or less The nine best strategies that rookie investors can use to get their first property How to save $10,000 and which side hustles will make you the MOST cash Cash flow vs. appreciation and which markets are worth investing in The “rental arbitrage” strategy that can make you THOUSANDS a month (with a LOW investment) The riskiest ways to get into real estate and which strategies newbies should AVOID A free way to ensure your success when investing that many people overlook 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 Work with David Rob's BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter Henry's BiggerPockets Profile Henry's Instagram Books Mentioned in the Show BRRRR by David Greene Long-Distance Real Estate Investing by David Greene SCALE by David Greene Investing in Real Estate with No (and Low) Money Down by Brandon Turner Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-730 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 Pock's PODCAST Show 730.
0:04.4	I think this is a very important topic because there is this misconception that you need a lot of money to get started in real estate.
0:12.2	And that's not true. You know, a lot of times you can get started in real estate with low to no money down, right?
0:17.2	But I think $10,000 is a really good achievement for most people because, you know, I think it's an achievable amount that someone can save over time.
0:27.3	If they put in some work, if they have a couple of side hustles, if they save their income that they're making at work.
0:32.2	And with that $10,000, I think you can deploy this so many different ways and actually build wealth in real estate.
0:37.8	It's going on everyone. This is David Green, your host of the Bigger Pock's Real Estate Podcast.
0:41.6	Join today by both of my co-hosts on the main show, Henry Washington and Rob Abbasolo, and we've got a treat for you.
0:49.0	Today's show we are talking about what we would do if we had $10,000 to invest in what you could do.
0:55.5	We go through several strategies, give a little brief overview of what each of them looks like.
0:59.5	Then we each pick a strategy and throw it against each other in a rock-em-sock-em-style debate over how to spend $10,000.
1:07.7	Before we get into the show, a quick tip for you.
1:11.2	When it comes to how to spend $10,000 to invest in real estate, there's ways you can do it for free.
1:16.2	And that means valuing your education. BiggerPock's.com has tons of resources to help you do that,
1:21.2	including the best forum on the planet for real estate investors. You can also follow my awesome friends here.
1:27.2	Henry Washington and Rob Abbasolo on social media. Guys, throw your handles out there real quick.
1:31.5	Rob Bill, ROB UILT.
1:33.3	I did it.
1:34.3	Henry Washington.
1:35.3	And they give you free content, free information, just like BiggerPockets does.
1:39.6	Guys, you love education. It's one of the best ways to invest in yourselves.
1:43.2	Do it with the people that you got right here.
	...

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