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The Ryan Bakke Show

Why I Stopped Buying California Real Estate (60 Units Later) | Harrison Goldblatt

Mar 3, 2025
46:29

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In this episode, I sat down with Harrison Goldblatt, a real estate investor who has scaled to 60 units in just a few years. Harrison shares his journey from house-hacking his first property in Los Angeles to building a cash-flowing portfolio in Cleveland, Ohio. Along the way, he dives deep into the BRRRR method, leveraging value-add opportunities, and overcoming challenges in property management. Whether you're just starting out or looking to scale your portfolio, this conversation is packed with actionable strategies and valuable insights.


Timestamps:

00:00:00 – Intro

00:01:00 – How Harrison Started in Real Estate: House Hacking in California

00:05:47 – First Property Numbers and Lessons Learned

00:09:09 – Scaling to 60 Units: Transitioning to Out-of-State Investing

00:14:03 – Using the BRRRR Method to Lower Investment Barriers

00:17:31 – Challenges with Refinancing and Avoiding Common Mistakes

00:20:22 – Lessons Learned from a Bad Deal in Detroit

00:24:13 – Importance of Mentors and Learning from Experienced Investors

00:29:27 – Tax Strategies: Cash-Out Refinancing and Depreciation

00:34:31 – Challenges of 1031 Exchanges and Managing Equity

00:39:04 – Beginner’s Luck and the Risks of Overconfidence in Investing

00:42:20 – Property Management Pitfalls and Avoiding Scams

00:44:45 – Building a Community for Real Estate Investors


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*None of this is meant to be specific investment advice, it's for entertainment purposes only.

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