BiggerPockets Real Estate Podcast

799: 3 Steps to Building a Simple, Safe, "No Bank" Rental Property Portfolio w/Cody Davis and Christian Osgood

Aug 1, 2023

01:00:44

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Quick takeaways

Building trust and relationships with property owners is crucial in negotiating seller financing.

Simplicity and solid principles are key in negotiating seller financing to avoid debt and equity misalignment.

Securing longer terms in seller financing helps in effective cash flow management and mitigating financial risks.

Deep dives

Building Trust and Relationships with Sellers

The first lesson in negotiating seller financing is to build trust and relationships with property owners. By approaching them as owners rather than sellers, you create a connection that fosters trust. This involves having authentic conversations, learning from their experiences, and sharing your own goals and aspirations. By building these relationships, sellers are more likely to offer favorable terms and be invested in your success.

Introduction

2min

How to Survive the Crushing and Impending Doom Economy

2min

How to Make Money in Any Market Cycle

4min

How to Negotiate Terms With Seller Financing

2min

How to Make Your Deal Work for You

2min

The Importance of Allergies in Commercial Real Estate

2min

The Importance of Equity in Real Estate Investment

2min

How to Buy Residential Real Estate Successfully

2min

The Unspoken Objection to a Fixed Rate Contract

2min

10.

The Importance of Long Term Debt Products

2min

11.

How to Pitch to a Real Estate Broker or Agent

2min

12.

How Cody and I Built a Resort in Moslake, Washington

2min

13.

How to Negotiate a Multifamily Property Deal

2min

14.

The Importance of Trust in Seller Financing

3min

15.

How to Make an Offer on Real Estate

2min

16.

How to Build Rapport at the Highest Level

2min

17.

How to Build a Successful Real Estate Business

2min

18.

How to Avoid a Death Star Like Shielding When Selling Your Property

2min

19.

How to Find the Deal You Want to Buy

2min

20.

How to Own a Vacation Home With National Real Estate Insurance Group

2min

21.

How to Scale Your Business Indefinitely

2min

22.

How to Negotiate Long Term Deals

2min

23.

The Importance of Cash Flow Day One for Equity Growth

2min

24.

How to Build a Portfolio of Cash Flow Around a Property

2min

25.

The Benefits of Earning the Right to Do Something

2min

26.

The Importance of Commercial Real Estate Investing

3min

27.

How to Own Your Own Real Estate

3min

28.

The Importance of Cash Flow to Pay Off Debt

2min

29.

How to Buy Outside of Seattle

2min

30.

How to Double Your Returns on Investment Properties

2min

31.

How to Increase the Value of Your Property Without Taking on Additional Expenses

2min

32.

The Importance of Cap Rates in Commercial Real Estate

2min

33.

Cody and Christian's Multi-Family Strategy

2min

34.

How to Be the Status Quo at Rob Built

2min

You can build a multifamily real estate portfolio without a ton of money, risk, or time. Cody Davis and Christian Osgood built their multimillion-dollar rental property portfolio in a matter of years, using strategies that ANYONE, no matter their experience level, can use. But, how they do things is a little unconventional and probably goes against everything top real estate investors have been telling you.

While the world looked to lock down as much debt as possible during 2020-2021’s low mortgage rates, Cody and Christian sought something else. This dynamic investing duo wanted long-term debt on excellent properties that could be paid off quickly, enabling them to own their portfolio outright. This meant that Cody and Christian would have to sacrifice a substantial amount of cash flow, keep their spending low, and only buy the best properties out there.

How Cody and Christian bought the properties is a strategy you most likely haven’t heard of before. It’s so ingenious that if you follow the same steps as Cody and Christian, you’ll be able to get THE best properties, at the best price, from a seller who WANTS you to make money off them. Doesn’t sound possible in such a cutthroat industry, does it? Stick around to learn the EXACT steps Cody and Christian took to build their low-risk, high-reward, eight-figure portfolio.

In This Episode We Cover:

How Cody and Christian built a 130-unit rental portfolio in just a few years

The three simple steps to seller financing and why you NEVER ask if an owner is selling

Working with realtors and how to turn on-market deals into off-market steals

Where to find seller-financed properties and owners that are most likely to sell

Mortgage rates, bank loans, and how to choose your own terms on your next loan

How to NEVER lose your wealth and why most investors are in for a rude awakening

And So Much More!

Links from the Show

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