90: My First Real Estate Investment – A Newbie Podcast With Matt, Romeo and KC

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 2 October 2014

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Don’t miss this special feature, as we come to you live from FinCon 2014 for Podcast 90! In a BiggerPockets Podcast first, we sit down and chat live with financial conference attendees Matt Giovanisci from New Jersey, Romeo Jeremiah from Detroit and KC Beavers from Rochester, NY, three real estate investor newbies with fascinating stories and great tips for beginning investors and veterans alike! Hear from “accidental landlords” — a growing breed of property owners — firsthand, and let yourself be regaled by tales proving that first time investors CAN achieve success from the get go. A unique and high energy recording, this is one episode you’ll definitely want to tune in for! In This Show We Cover: Getting stuck with a property during the economic downtown The decision to rent by default, ie. the “Accidental Landlord” situation The art of staging a space to rent it out fast What exactly a “Streamline Refinance” entails The pros and cons of renting from afar Why finding a (trusted) property manager can be crucial The simple way to fix a garbage disposal you may not know A great first-time house flip success story How to start out with a 24-unit apartment building The concept of “Forced Appreciation” Wealth creation vs. wealth preservation The importance of thoroughly vetting tenants The ins and outs of using Real Estate to diversify your portfolio How to get a loan on a commercial property And so much more! Books Mentioned in the Show The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss The Millionaire Real Estate Investor by Gary Keller The E-Myth : Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber Tweetable Topics “You can never learn enough about this [industry].” (Tweet This!) “Just take action, just go for it…but make sure it was a risk worth taking.” (Tweet This!) “There’s not going to be a single path for someone to take.” (Tweet This!) Connect with Matt Matt’s Website Connect with Romeo Romeo’s Website Romeo’s BiggerPockets Profile Connect with KC KC’s Website KC’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Live from New Orleans, this is the BiggerPockets Podcast.
0:04.0	Show 90.
0:05.0	You're listening to Bigger Pockets Radio.
0:08.0	Simplifying real estate for investors large and small.
0:12.0	If you're here looking to learn about real estate investing
0:14.6	without all the height, you're in the right place. Stay tuned and be sure to
0:19.3	join the millions of others who have benefited from BiggerPockets.com.
0:24.0	Your home for real estate investing online.
0:27.0	What's going on everybody? This is Josh Dorkin, host
0:30.0	to the BiggerPockets Podcast here with my co-host mr Brandon turner what's up
0:35.8	brannin what up what up how you doing josh dorkin I'm good I'm good man this is
0:40.0	this is a new format for us this week.
0:42.7	Yeah, this show is kind of cool, a little bit different.
0:44.6	I think people are gonna like it.
0:45.7	I do too, I do too, I do too, I do too.
0:47.9	Yeah, so quick heads up everybody.
0:50.4	This show is a live show. We've got three guests coming to you and you'll get to meet them all shortly, but Brandon and I were at a conference in New Orleans called FinCon, the Financial Blogger Conference,
1:03.0	and we did a live on-air podcast at the show
1:08.3	and what you're gonna hear today is that podcast.
1:11.4	So definitely check it out.
1:13.2	There's some good stuff in there and we hope you like it.
1:16.4	So listen up.
	...

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