Real estate is sexy… most of the time. But is that really what makes it profitable? On today’s show, we sit down with Charles Roberts, an investor and agent from the Denver market. He explains that the secret to success is far more boring than we like to admit. In this episode, we explore Charles’s story and the lessons he’s learned over his 20+ year career, including how his first deal failed miserably, how he helped another investor retire through rentals in just five years, and his strong belief that the deal isn’t as important as most investors think — plus so much more! Charles is incredibly wise, and he has years of experience — so this is one episode that you’ll come back to time and time again.
In This Episode We Cover:How Charles got started by buying his first duplexA 15-year loan vs. a 30-year loanHow he managed to go full time as a fix-and-flipperWhat went wrong — despite having 29 propertiesShould newbies get into flipping?Figuring out what works and what doesn’tWhat Charles looks for in a partnerThe benefits of helping someone else achieve success in real estateScaling, and what he thinks about itWhy lending is important in real estateWork harder not smarterWhere is he finding dealsAnd SO much more!Links from the ShowBiggerPockets ForumsShare your story to the No Money BookBiggerPockets StoreDave Ramsey’s CalculatorBillions TV SeriesBiggerPockets Podcast 274: “Because of These 3 Simple Rules, I’ve Bought Over 600 Units and Never Lost Money” with Paul MorrisBooks Mentioned in this ShowRich Dad Poor Dad by Robert KiyosakiThe Book on Investing with Low or No Money Down by Brandon TurnerThe Book on Flipping Houses by J. ScottLifeonaire by Steve Cook & Shaun McCloskeySet for Life by Scott TrenchThe Millionaire Next Door by Thomas Stanley & William DankoBorn to Run by Christopher McDougallTweetable Topics:“We think that everybody else is stupid but it turns out we’re the ones stupid.” (Tweet This!)“You don’t know anything until you do it.” (Tweet This!)“You want to work with people you like.” (Tweet This!)“The harder you work the smarter you end up.” (Tweet This!)Connect with CharlesCharles’ BiggerPockets ProfileCharles’ Company WebsiteEmail Charles