On today’s episode of The His & Her Money Show, we talk with David Greene from BiggerPockets about real estate investing strategies that allow you to build cash flow while investing…without risking a lot of money or debt.
As David Greene’s story shows, it is possible to build a real estate empire on a waiter’s income. Using only hard work and dedication, David was able to turn his job waiting tables into a platform that allowed him to graduate college debt-free and have enough savings to start investing in real estate.
David goes into detail about the specific method (the BRRRR method) he used to buy and invest in multiple homes with reliable cash flow. He shares how to find a good property, how to build a real estate investing “success team” and how to scale your investing.
If you are a person that is interested in real estate investing but don’t have a framework for getting started, David Greene has the framework and book that will guide you in the right direction.
Get in touch with David on Instagram or Twitter.
What You Will Learn
- Why real estate is a great investment if you want a good return on your money.
- The two things that get people into trouble with real estate.
- Which house rehab jobs are a good investment?
- The top 5 warning signs of a rehab job that will lose money (rather than make you money).
- Understanding the BRRRR real estate investment strategy.
- The top 4 people you should have on your team to be a real estate investing success.
- How to handle problems with your “real estate success team”.
- What are the very first steps a beginning real estate investor do to be successful?
- How soon after you invest in one house, should you buy another?
- 3 criteria to help you figure out whether a house is a good property to invest in.
- Finding a good property manager the right way.
- Dealing with burnout & headaches in the real estate business.
- Delegating the right tasks to the right people so your business doesn’t feel like a burden.
Resources Mentioned
- Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple
- BiggerPockets.com (Real Estate Investing Networking & Education site)
- Bigger Pockets Podcast
- BRRR tool on Bigger Pockets
- Greene Income (David Greene’s blog)
- Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties
Thanks For Listening!
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