Becoming a Successful Capitalist and Building Multiple Income Streams | 6min snip from BiggerPockets Real Estate Podcast

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837: Seeing Greene (w/Meet Kevin!): Cash Flow Won’t Ever Make You Rich

BiggerPockets Real Estate Podcast

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CHAPTER

Becoming a Successful Capitalist and Building Multiple Income Streams

The speakers discuss the importance of adopting the habits of successful people, such as hard work, long hours, routines, and providing value. They suggest obtaining licenses and investing in fixer-upper properties as ways to gain knowledge, skills, and experience. The chapter also features ads from two sponsors and addresses a listener's question about their current real estate investment.

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Kevin Paffrath, AKA “Meet Kevin,” one of YouTube’s most famous financial influencers and real estate investors, joins us for this week’s Seeing Greene to answer YOUR real estate investing questions. But this time, you’ll hear a bit more about who should be investing, who shouldn’t, and why partnering up on a property is a huge “no-no” in Kevin’s book. Plus, if you’re starved for cash flow in this impossible investing environment, Kevin has some good news for you.

But that’s not all we get into. David and Kevin talk about why cash flow isn’t as important as you think, why dating the mortgage rate could be risky, the social media investing scam you could be falling into, and why investing with no money down is a fool’s game. One investor even submits a potential deal that makes Kevin want to vomit (his words), so if this sounds like something you’re about to buy, run away!

Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot!

In This Episode We Cover:

Why you should stop caring so much about cash flow and focus on THIS instead

What to do with “trapped capital” in your properties and how to make more money to invest

BRRRRing vs. flipping in 2023 (and which one Kevin HATES)

The investing “advantage” you might not even know you have

Partnership problems and the one real estate investment Kevin won’t touch

Using private money to fund your down payment (and Kevin’s STRONG opinion on this)

And So Much More!

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