BiggerPockets Real Estate Podcast

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

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.

43:52

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Episode guests

Dave Meyer

David Greene

Rob Abasolo

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Quick takeaways

Starting with a $10,000 budget, beginners can invest in real estate using primary residence house hacking for financial freedom.

Equity plays a crucial role in creating options and flexibility for scaling real estate portfolios and future opportunities.

Partnering with private investors by offering favorable terms can help new investors share equity, cash flow, and ensure capital repayment before profit sharing.

Deep dives

Starting from Scratch with Real Estate Investing

The strategy discussed involves building a real estate portfolio from scratch with a $60,000 salary, a $400 car payment, and $10,000 in savings. The concept of starting with primary residence house hacking is emphasized, where each year a new property is acquired to rent out rooms, utilizing low down payment conventional loans for leverage.

Build Equity, Not Just Cash Flow

01:13

Partnership Demands Responsibility for Success

01:06

Transform Small Holdings into Bigger Opportunities

01:07

Invest in Knowledge Through Networking, Not Just Courses

00:57

Introduction

4min

Building a Strong Financial Base for Real Estate Investing

6min

Strategic Real Estate Investment through House Hacking

5min

Strategies for Real Estate Investing

12min

Effectiveness of Pitching a Funding Partner & Real Estate Investment Sponsorships

5min

Building Experience and Confidence in Real Estate Investing

12min

Navigating Real Estate Investing from Scratch with Moderation and Strategy

3min

If you have just $10,000, you can start investing in real estate THIS YEAR, even with ZERO experience. How are you going to do it? In this episode, we’re breaking down the most beginner-friendly ways to build a real estate portfolio with low savings, a median income, and bills to pay. While this might not be the easiest road to real estate riches, within just a few years, you could be sitting on multiple investment properties IF you make the right moves.

Dave Meyer, David Greene, and Rob Abasolo all started investing without much cash in the bank. They had to budget, save, and build up their finances to get their first rental property in the bag. But, once they started investing, it was hard to stop. Now, they all have financial freedom-enabling real estate portfolios that spit out plenty of monthly cash flow. And they’re here to help you build wealth, too!

Dave, David, and Rob share their favorite ways to start from scratch when investing in real estate, how to best use $10,000 to get in the game, the one beginner investing strategy that EVERYONE should try, and how to use other people’s money to grow your real estate portfolio even faster! So, if you want to make 2024 the year YOU start investing, even if you don’t have a ton saved up, stick around!

In This Episode We Cover:

How to start investing in real estate with just $10,000 and a median-income job

The best beginner real estate investment for those who want to get into the game

How to make money in real estate WITHOUT buying a single property

The unconventional advice that could give you a HUGE pay raise at work

Real estate partnerships 101 and the exact pitch Rob gave his first partners to raise money for a deal

The “sneaky rental” tactic that allows you to scale your real estate portfolio at lightning speed

And So Much More!

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