BiggerPockets Real Estate Podcast 706: How to Build a Real Estate Portfolio from Scratch in 2023
Stress-Test Your Life And Portfolio
- Write down your challenges and stress-test your life and portfolio to find solutions.
- Preparing contingency plans builds confidence for unexpected events.
Markets Reveal Hidden Weaknesses
- Real estate income streams and teams get exposed when markets shift and rates rise.
- Discipline in reinvesting profits matters more than the short-term thrill of spending.
Consolidate Your Accounting
- Fix bookkeeping and consolidate tax/accounting to know true profitability.
- Hire a reliable CPA/bookkeeper to replace fragmented accounting systems.
Want to become a real estate millionaire? You’re in the right place. No matter how much money you’re starting with, how much experience you have, or how many Seeing Greene episodes you’ve watched, it’s ALWAYS possible to build wealth through real estate. But that’s easy for someone like David Greene and Rob Abasolo to say, right? They’ve already made it big, with millions of dollars in cash-flowing income properties. But they didn’t start like this.
David and Rob have come together to ask themselves, “what would we do if it all came crashing down?” If both of them lost their entire real estate portfolios in one fell swoop, how would they build it back up? Today, we put these two real estate legends in the hot seat and give them the biggest nightmare scenario so they can show you exactly how to build a real estate portfolio from scratch, no matter where you’re starting.
David and Rob will also be given certain dollar amounts to use in rebuilding their portfolio. So, if you’ve only got a thousand bucks on you, David and Rob will show you exactly how to use it best to catapult your wealth forward so you can become a real estate millionaire. If 2023 is going to be YOUR year to get started, get going, and get one step closer to financial freedom, we’d suggest following David and Rob’s plan!
In This Episode We Cover:
The biggest challenges real estate investors face today (and how to solve them)
Raising private capital, real estate syndications, and how to use other people’s money to build wealth
Mistakes to avoid when building (or starting) your real estate portfolio
The four steps to take when rebuilding a real estate portfolio and why building your network is so crucial
Rental arbitrage and why it’s a great no money down strategy for cash flow
House hacking and the low down payment loans you can use to buy properties for cheap
Boosting your brand, creating content, and how to build a reputation in real estate
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Listen to All Your Favorite BiggerPockets Podcasts in One Place
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
How to Make 100% Passive Income
How to Build a Real Estate Portfolio from SCRATCH in 2023
The Ultimate Guide to Airbnb Rental Arbitrage
How to Become a Real Estate Millionaire (NO Experience Necessary)
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-706
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