972: 3 Beginner Steps to Find Undervalued Real Estate in ANY Market

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 17 June 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

What sets apart the wealthy from the wannabes when investing? Knowing how to find real estate deals! You’ll be ahead of ninety-nine percent of investors if you know how to find off-market real estate deals and discounted on-market properties. Today, we’re giving you everything you need to know to find real estate deals in your market, no matter your budget, and even if you have zero real estate investing experience. Henry Washington, co-host of On the Market and author of Real Estate Deal Maker, is on to condense his seven years of investing into simple steps YOU can follow to find undervalued real estate. You’ll learn what a great real estate deal is, how to spot one even if you’ve never invested, why buying right is what REALLY makes you rich, three steps to start finding deals today, and the beginner mistake that’ll stop the deals from coming your way. Plus, Henry even shares the hidden on-market deals ANYONE can find (if they’re up to it). If you follow these steps, you’ll have a steady stream of real estate deals flowing your way. But if you don’t, you could waste years of building wealth waiting for the right deal to fall into your lap. So, are you going to take action or make excuses? In This Episode We Cover How anyone in any real estate market can find undervalued real estate deals The three steps to finding discounted deals and why most people give up too soon Hidden on-market deals that anyone with a real estate agent can find The biggest beginner mistake you can’t afford to make (it’ll could cost you…) Why you DON’T need a ton of time and money to start finding off-market real estate And So Much More! (00:00) Intro (02:08) What Makes a Great Deal? (06:34) How You Really Make Money (08:10) 3 Steps to Find Deals (16:21) Biggest Beginner Mistake (20:37) Learning From the Best (23:29) Hidden On-Market Deals (29:09) Most People Won’t Do This (33:02) Beginner Steps to Take (35:26) Grab Henry’s Book Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-972 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Arguably the most important ingredient to successful real estate investing is finding a property that's below market value and that's truer now than ever but also maybe even harder to do these days with high home prices and low supply.
0:17.0	So in today's show, we're going to talk with one of BP's own about how he's mastered the
0:22.1	art of finding properties that make great deals.
0:27.0	Welcome to the Bigger Pocket's Real Estate Show, I'm Dave Meyer, and today I am honored to interview as a guest, my good friend and often host of this show, Henry Washington.
0:41.0	Henry, thanks for talking to us today about this.
0:43.8	Hey Dave, I'm so glad to be here,
0:46.0	and this is like, I love talking about this.
0:48.3	This is, I don't know that I want to talk about anything else ever.
0:50.8	So this is great.
0:52.1	How did you just like all of a sudden
0:53.8	and become universally respected
0:55.8	as like the deal finding guy?
0:57.4	Does, are you, did you set out to be sort of corner
1:01.3	of this market?
1:02.1	No, it's funny, like most people who are considered to be like great deal funders are like, you know, people who like want to wholesale deals and I don't do any wholesaling really like.
1:12.0	And I'm excited to learn from you today on this episode. So tell everyone
1:16.4	listening what we're going to discuss. Yeah exactly. Today I'm going to share a lot about the
1:20.9	fundamentals of dealmaking. So I want to talk to people about how to make
1:26.6	smart deals that can help you hedge against the risks that people associate with being a real estate investor.
1:33.7	And this is literally something that any investor can do and get good at.
1:39.1	It's not just something for the professional investors.
1:42.3	I'd argue that everybody who's investing needs to be good at this on some level.
	...

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