People have a lot of excuses about why they aren't’ investing in real estate. “I work too much.” “I live in an expensive area.” “I don’t know enough.” But on today’s show, we sit down with a BiggerPockets member who is absolutely crushing it -- despite a full-time job, living in Silicon Valley, and being brand-new to real estate. You’ll learn how Kevin Wood has managed to go from zero to twenty-five deals in under a year, largely using networking on BiggerPockets to make it happen. You’ll be inspired, motivated, and educated to get off the bench and jump into the game!
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In This Episode We Cover:
How Kevin went from 0 to 25 units in less than a year
How to overcome the fear of buying that first deal
How BiggerPockets helped Kevin focus on his investing
The “condo mistake” Kevin almost made for his first deal
How to have a competitive advantage
Tips for approaching other investors
Why (and how) Kevin bought five houses at once for his first deal
The logistics of buying five properties at once as a newbie
How to know if you're buying a good deal or not
The benefits of analyzing 100 deals
Investing in stocks vs. real estate
How to make a good partnership
Tips on working with partners -- the good, bad, and ugly
How to introduce yourself on BiggerPockets
How Kevin got a $200,000 discount on his 6-plex
The 14-unit turnaround -- and the drama associated with it
How to work with a designer to get the best look for a unit
A discussion on contractors and how to find them
How to manage a multifamily complex
The caveats associated with big fixer-upper deals
Tips on going for package deals
The genius negotiating strategy Kevin uses to get incredible deals
And SO much more!
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BP Podcast 076: Growing Your Real Estate Company Into a $30 Million Dollar Business with Brian Burke
BP Podcast 152: Building Wealth and Passive Income with Rental Properties with Ben Leybovich, Brian Burke, and Serge Shukhat
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