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BiggerPockets Real Estate Podcast

99: 3 Personal Finance Bloggers & Their First Real Estate Investment with Scott, Lauren, and Philip

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 4 December 2014

⏱️ 101 minutes

🧾️ Download transcript

Summary

Today on the BiggerPockets Podcast we’re excited to bring you another “newbie podcast” with 3 new real estate investors who are excited to share with you the story of their very first real estate deal! This episode we are talking with three investors who share a common trait: they all have a deep understanding of personal finance and it’s role in the real estate investing space and write about it online! Today you’ll hear from Scott Trench, Lauren Bowling, and Philip Taylor as they share how they found their first deal, financed it, manage it, and more. We cover everything from house hacking to creative finance, dealing with fear, and numerous other topics so, without further suspense, let’s get to the show! In This Show We Cover: How to find deals in a hot market Finding and working with a great agent Down payments: how much is really needed? Three different “house hacking” methods (one from each guest!) Using government programs to finance properties Wrapping repairs into the loan and creating immediate equity The one rule you need when renting to family or friends How to thrive when your home is worth less than you paid for it Doing your own work vs. hiring it out How to cash flow your property and save on taxes at the same time The #1 personal finance tip from each guest Plus MUCH more! Links From The Show: BiggerPockets Ad Sales Confessions of an Ex-Banker: How to Get Your Next Loan Approved, Guaranteed. Books Mentioned in the Show Four Hour Workweek by Timothy Ferriss Rich Dad Poor Dad by Robert Kiyosaki The Richest Man in Babylon by George S. Clason The Millionaire Next Door by Thomas J. Stanley The Millionaire Real Estate Investor by Gary Keller Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down BiggerPockets’ Ultimate Beginner’s Guide to Real Estate Investing Overwhelmed: Work, Love, and Play When No One Has the Time by Brigid Schulte The Skinny on Real Estate Investing: An Introduction to the Subject by Jim Randel The E-Myth : Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime by MJ DeMarco Connect with Scott Scott’s BiggerPockets Profile Connect with Lauren Lauren’s Blog – LBeeAndTheMoneyTree.com Lauren’s Twitter Lauren’s Instagram Awkward Money Chat Connect with Philip Philip’s Blog – PTMoney.com Philip’s Blog detailed post about his cash flow report on his rental Philip’s Twitter FinconExpo Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the Bigger Pockets Podcast.

0:03.0

Show 99!

0:06.0

Gonna Party like a show 99.

0:10.0

You're listening to bigger pockets radio simplifying real estate for investors large and

0:19.0

small if you're here looking to learn about real estate investing without all the hype, you're in the right place.

0:26.0

Stay tuned and be sure to join the millions of others who have benefited from bigger pockets.com.

0:32.0

Your home for real estate investing online.

0:34.8

What is going on everybody?

0:36.7

I'm Josh Dorkin, host.

0:39.3

The BiggerPockets podcast

0:41.5

here with my co-host over 99 shows. Oh my goodness.

0:48.0

99. Crazy. It's Brandon Turner. What's up, man?

0:53.0

What's up? 99 shows. I can't believe I'm still talking to you after all this time.

0:57.0

You must be crazy.

1:00.0

Most people don't want to talk to me after 99 shows or 99

1:05.4

anything's. Well no this is good this is good I'm a little under the weather so

1:10.8

are you so is Scott so as everybody today

1:13.2

apparently the little cold is going around but you know we're gonna we're gonna fight through

1:16.8

strong we are we got this man yeah you know I'm very much excited about this

1:22.3

show we've had a couple of technical difficulties in making

1:25.5

this show happen. However, today's guests came through in spades for us. We had a guess that unfortunately couldn't come on and also got thick.

1:36.1

Also got sick, but all three of our guests today managed to come on last minute, we're really really grateful to them.

...

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