BiggerPockets Real Estate Podcast

931: How to Build a Real Estate Portfolio from Scratch in 2024

14 snips
Apr 8, 2024
Learn how to start investing in real estate with $10,000 and a median-income job from Dave Meyer, David Greene, and Rob Abasolo. They discuss beginner-friendly ways to build a real estate portfolio, using $10,000 wisely, beginner investing strategies, and leveraging other people's money. Get tips on starting from scratch in real estate investing even with limited savings.
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ADVICE

Prioritize Education

  • Invest your initial $10,000 in real estate education, not directly in property.
  • Network with other investors and attend conferences to gather ideas and learn various strategies.
ADVICE

Start with Strategy and Partnerships

  • Determine your desired investment strategy first, then assess your financial capacity.
  • Consider partnering with experienced investors if you lack sufficient capital.
ADVICE

Financial Health First

  • Prioritize getting your finances in order before investing in real estate.
  • Create a budget, track expenses, and seek higher-paying job opportunities.
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