The Simple, Repeatable Path to Wealth with Real Estate in 2024 w/Scott Trench

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 5 December 2023

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Investing in real estate can build you massive wealth. And here’s the secret no one wants to tell you: it isn’t all that hard. But before you jump to conclusions and call real estate a get-rich-quick scheme, let’s lay down the law. Investing in real estate is a simple, repeatable process that MANY Americans have used to get rich, but it takes knowledge and time to succeed. Where do you go to learn how to buy your first or next rental property? Well, you’re already here! In this bonus episode, Scott Trench, CEO of BiggerPockets AND decade-long investor, will share his five-step, repeatable process for finding and analyzing real estate deals. Scott has taken the SLOW route to wealth. He doesn’t have a hundred units, a big real estate fund, or a yacht. But he does have a thirteen-unit passive-income-producing rental portfolio that pays him money every single month. Stick around to learn how YOU can get your first or next rental property in 2024. Want full access to the tools and resources from this episode, including calculators and rent estimators? Sign up for BiggerPockets Pro and use code “STABLEWEALTH24” for a special discount! In This Episode We Cover: The five-step process to find real estate deals in any market How Scott built a thirteen-unit real estate portfolio in under ten years The slow, steady, repeatable path to wealth with buy and hold rental properties Scott’s 2024 housing market, mortgage rate, and price predictions How to choose a rental property market depending on your goals And So Much More! Links from the Show Find an Agent Find a Lender 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 Rent Estimator Rental Property Calculator Connect with Other Investors on the BiggerPockets Forums Grab the “Quick Start Guide” to Real Estate Hear Scott on the “BiggerPockets Money” Podcast Work with Rent to Retirement for Your First or Next Turnkey Rental Property Books Mentioned in the Show: Set for Life by Scott Trench First-Time Home Buyer by Scott Trench Connect with Scott: Scott's BiggerPockets Profile Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-q4-3 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi everybody and welcome to a very special bonus episode of the real estate podcast.
0:05.6	A couple of weeks ago I recorded a webinar called the long-term approach to real estate in
0:09.8	2024.
0:10.8	We had bigger pockets, thought that it was packed with good value that we wanted to share on our podcast feed.
0:15.0	As we all know, the market's been really unpredictable with fluctuating interest rates, low inventory, and investors wondering what to do next.
0:21.0	And in this webinar, I'm going to discuss market conditions,
0:24.3	strategies for 2024, and how to identify good deals
0:28.2	that can bring long-term wealth
0:29.9	for those willing to be patient.
0:31.2	We cut down this webinar to make it a bit more
0:32.6	listenable for you, our podcast audience, but if you'd like to view the slide deck I
0:36.7	created and watch the whole webinar, we did post it on the BiggerPockets
0:40.3	YouTube channel. All right, before we jump in in in the middle of the show, I do mention two bigger
0:44.1	pockets online resources, our calculators and our Agent Finder tool, and how they function.
0:49.6	I did not fully mention their URLs, so I wanted to make sure that I did that in the
0:52.8	intro here for you. Our agent finder tool can be found at bigger pockets.com
0:56.7	slash agents for investors and our calculators at bigger pockets
1:01.4	com slash calculators.
1:03.0	Without further ado, I hope that you enjoy this webinar,
1:05.0	the long-term approach to real estate in 2024.
1:08.0	Remember when you had to pay to get a Leeds phone number?
1:11.0	It was like the dark ages.
	...

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