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BiggerPockets Real Estate Podcast

74: Buying My First Investment Property- A Newbie Podcast with Jordan, Jacob and Jeromie

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 12 June 2014

⏱️ 88 minutes

🧾️ Download transcript

Summary

On today’s episode of the BiggerPockets Podcast – we’re going to change things up- again! This is our official 2nd newbie podcast and it’s probably our most fun show yet. Just like the last newbie podcast back on episode 25, all of our guest today are investors who are just starting out and who have recently finished their first deal. These stories are not only helpful for new investors, but even the pros can learn valuable lessons from their experiences! Each of these investors also are working full time jobs, which is something a lot of our listener’s struggle with. Additionally, we cover everything from investing when you live in an expensive city to the importance of confidence when everyone thinks your crazy and we even get to talk to a real-life rocket scientist who’s smart enough to hack his mortgage! You really don’t want to miss this one! Links from the Show: The New Dumb and Dumber Trailer Nextdoor.com Asana.com How to “Hack” Your Housing and Get Paid to Live for Free Books Mentioned in the Show HOLD: How to Find, Buy, and Rent Houses for Wealth by Steve Chader Fooled By Randomness by Nassim Nicholas Taleb Rich Dad Poor Dad by Robert T. Kiyosaki Drive by Daniel H. Pink Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

You've heard us talk about it before. High interest rates are crushing real estate investors,

0:05.3

leaving even some of the best investors in need of funding now. But with today's liquidity crisis,

0:10.7

who can fill the demand? With Fundrise, America's largest direct-to-investor alternative asset manager,

0:17.0

you have the opportunity to.

0:19.0

Fundrise's new opportunistic private credit strategy was designed specifically for this new market environment.

0:25.0

Fundrise supplies high demand bridge financing on high quality assets with creditworthy borrowers.

0:30.0

Top real estate investors get the funding they need while you walk away getting paid a healthy interest rate.

0:35.6

To date, Fundrise has completed more than 500 million dollars worth of private credit deals

0:40.9

with an average net interest of 10.8%, and they've already amassed a pipeline worth

0:45.9

more than $300 million. Don't sit on the sidelines. You can take advantage of this unique window

0:51.5

of opportunity while it lasts with Fundrise's new private

0:54.8

credit strategy. Ready to start? Go to Fundrise.com slash pockets to learn more. That's

1:00.0

f-U-N-D-R-I-S-E dot com slash pockets.

1:05.0

This is a paid endorsement for fund rise.

1:07.0

Past performance is not indicative of future results.

1:09.6

All investments can lead to loss.

1:12.0

Hear me out.

1:13.0

What if you could test drive owning a vacation rental?

1:16.0

Whoa, whoa, whoa, don't start coming over to my AirB&B.

1:18.0

I'm talking about Summer's gradual ownership model.

1:21.0

With Summer, you can try the vacation rental lifestyle before you buy.

1:25.0

Here's how it works. Summer helps you find your dream vacation home and analyzes it for short-term

...

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