#90: My First Real Estate Investment – A Newbie Podcast With Matt, Romeo and KC
Published October 2, 2014
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50 min
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    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 downtownThe decision to rent by default, ie. the “Accidental Landlord” situationThe art of staging a space to rent it out fastWhat exactly a “Streamline Refinance” entailsThe pros and cons of renting from afarWhy finding a (trusted) property manager can be crucialThe simple way to fix a garbage disposal you may not knowA great first-time house flip success storyHow to start out with a 24-unit apartment buildingThe concept of “Forced Appreciation”Wealth creation vs. wealth preservationThe importance of thoroughly vetting tenantsThe ins and outs of using Real Estate to diversify your portfolioHow to get a loan on a commercial propertyAnd so much more!Books Mentioned in the ShowThe 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy FerrissThe Millionaire Real Estate Investor by Gary KellerThe E-Myth : Why Most Small Businesses Don’t Work and What to Do About It by Michael E. GerberTweetable 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 MattMatt’s WebsiteConnect with RomeoRomeo’s WebsiteRomeo’s BiggerPockets ProfileConnect with KCKC’s WebsiteKC’s BiggerPockets Profile
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