931: How to Build a Real Estate Portfolio from Scratch in 2024
BiggerPockets Real Estate Podcast
Introduction
Learn how to begin investing in real estate with only $10,000. The hosts emphasize the significance of education and networking through conferences and online resources as crucial first steps in the journey.
If you have just $10,000, you can start investing in real estate THIS YEAR, even with ZERO experience. How are you going to do it? In this episode, we’re breaking down the most beginner-friendly ways to build a real estate portfolio with low savings, a median income, and bills to pay. While this might not be the easiest road to real estate riches, within just a few years, you could be sitting on multiple investment properties IF you make the right moves.
Dave Meyer, David Greene, and Rob Abasolo all started investing without much cash in the bank. They had to budget, save, and build up their finances to get their first rental property in the bag. But, once they started investing, it was hard to stop. Now, they all have financial freedom-enabling real estate portfolios that spit out plenty of monthly cash flow. And they’re here to help you build wealth, too!
Dave, David, and Rob share their favorite ways to start from scratch when investing in real estate, how to best use $10,000 to get in the game, the one beginner investing strategy that EVERYONE should try, and how to use other people’s money to grow your real estate portfolio even faster! So, if you want to make 2024 the year YOU start investing, even if you don’t have a ton saved up, stick around!
In This Episode We Cover:
How to start investing in real estate with just $10,000 and a median-income job
The best beginner real estate investment for those who want to get into the game
How to make money in real estate WITHOUT buying a single property
The unconventional advice that could give you a HUGE pay raise at work
Real estate partnerships 101 and the exact pitch Rob gave his first partners to raise money for a deal
The “sneaky rental” tactic that allows you to scale your real estate portfolio at lightning speed
And So Much More!
Links from the Show
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
Ask David Your Real Estate Investing Question
Get Access to Expert Investing Tools with BiggerPockets Pro
Network with Other Investors on the BiggerPockets Forums
Grab Dave’s Book, “Start with Strategy”
Hear Dave on The “On the Market” Podcast
Watch Dave on the “On The Market” YouTube Channel
Connect with Dave:
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-931
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