How to Make Money in Real Estate

I've been thinking also, you know, when I set the goal during the mentorship, it was 10 to 20 units. And I still think that's my main focus. So maybe some four units, which are definitely a lot more plentiful in the Sacramento area. If you can't get cash flow, it doesn't make sense to buy a break even property in Gary, Indiana,. Do you see businesses moving there? Do you see higher paying jobs moving into that area? Fast forward five years. That's a really big chunk of money that you can make versus if you bought in. Maybe it's a great market, but I just in my mind a market that isn't going anywhere

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

Support the relief efforts for the Maui wildfires by donating to the organizations below or clicking here. Together, we can make a difference for those affected by this tragic event:

HAWAI‘I COMMUNITY FOUNDATION: https://www.hawaiicommunityfoundation.org/maui-strong

MAUI UNITED WAY: https://mauiunitedway.org/

MAUI FOOD BANK: https://mauifoodbank.org/

MAUI HUMANE SOCIETY: https://www.mauihumanesociety.org/

RED CROSS: https://www.redcross.org/local/hawaii.html

_____

Real estate investing isn’t what it used to be. Back in 2010, in a post-crash housing market, almost any property in any area could cash flow easily. Back then, the question wasn’t “Where are the deals?” It was “Which deal should I buy?” But things have changed, and now in 2023, homes are hard to purchase, let alone cash flow, and more and more real estate investors are giving up simply because they don’t know the new rules of the game. So, here’s what you NEED to know.

Before we unlock every wealth-building secret in the book, let’s welcome back Danny Zapata, Philip Hernandez, and Wendy St. Clair, our recent mentees of the ninety-day mentorship! We brought them back on the show to talk about deals they’ve done, the progress they’ve made, and where they’ve fallen off track. One mentee left their job, another is handling headache evictions, and one had to put a pause on real estate. But now, they’re ALL ready to expand their empires, but they’ll need some advice first.

In this episode, David and Rob show you how to get more real estate deals TODAY, why you’re doing meetups all wrong, the reality of cash flow and why “mailbox money” isn’t what it used to be, and what to do when you CAN’T find the momentum to keep growing your wealth.

In This Episode We Cover

How to find more real estate deals instantly (even in 2023!)

The “reverse escalator” of wealth and why most Americans are getting left behind

What to do when you’ve lost momentum along your real estate journey

Replacing your job with real estate and the smartest, cheapest way to buy home-run rental properties

Why you MUST sacrifice short-term cash flow for long-term wealth

And So Much More!

Links from the Show

Find an Agent

Find a Lender

BiggerPockets Youtube Channel

BiggerPockets Forums