BiggerPockets Real Estate Podcast 511: Getting Your Market, Money, and Mindset Right | 3 Coaching Calls!
Sep 28, 2021
Explore the unique challenges faced by three real estate professionals on their journeys. Discover effective strategies for investing in a declining market while mitigating risks, and learn about the power of house hacking. Hear insights on overcoming agent shame in lead generation and boosting revenue through diversified business ventures. Gain valuable tips on property management and the importance of confidence in real estate transactions. This coaching call is packed with actionable advice for investors at any stage.
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Episode notes
Mitigating Investment Risk
- Consider house hacking to mitigate risk and gain market experience.
- Start with a smaller percentage of your portfolio in a familiar, lower-risk market.
Balancing Risk and Reward
- If your goal is cash flow, prioritize deals in lower-cost markets.
- Balance this with some higher-growth, higher-risk investments.
Finding the Right Property Manager
- Find a property manager already operating in your target market.
- Leverage their existing systems and local knowledge.
