Getting Started with Passive Real Estate Investing
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- Опубліковано 27 вер 2024
- Are you looking to build passive income through real estate? Then don't miss a moment of this in-depth video where Brandon, co-host of the BiggerPockets Podcast and author of "The Book on Rental Property Investing" walks you through all the steps you need to begin building your passive real estate investing portfolio.
Topics covered include:
- Why Real Estate Investing?
- The Four Wealth Generators of Real Estate
- My Three Favorite Real Estate Investing Strategies
- Mistakes I've made in my real estate investing
- Tips and Tricks for minimizing your time (make it more passive!)
If you enjoy this video, be sure to give us a "Thumbs Up" and also sign up for the next LIVE webinar on BiggerPockets. Sign up at www.BiggerPock...
Check out Brandon’s #1 bestseller, Rental Property Investing, at www.BiggerPock...
Nice content! The best way to find that balance between saving and living is by investing, this way you get to have your savings intact and then live comfortably of the revenue coming in from your investments.
His trade execution quality and profiting is well structured with great financial features.
Working with Romero pieto is the best thing that can happen to a beginner trader who is aspiring to be fruitful out of the market he is trustworthy and straightforward we surely need more men like him in trading world.
Good good content.
I've seen so many review about this man called Romero pieto who is he ?
Mr Romero pieto trades on my behalf due to my tight schedules and he is indeed absolutely doing great, my last investment of $10,000 he gave me my ROI of $67,000 in a period of two weeks isn't that amazing.
this is hands down the most specific and helpful real estate investing channel there is on youtube, no contest.
Thanks, Eddie!
I Agree
? Really - the ONLY thing? I like myself and Mr. Jay Real Estate as well.
AffordableREI
Have you used his tips? I'm going to try and begin investing within a year so I can be home more with my baby.
Thank you for actually giving examples! I feel like other channels Rich Dad Poor Dad especially is nothing but repetitive stories that tell me nothing.
Facts
Love that you aren’t sugar coating and just doing this the “La” way man! 19 years old in college and a mentor pointed me to this channel!
"I love travelling, I went on a 6 week road trip. I went to Ireland, Disney Land, and a lot of places"
That was one hell of a road trip.
I fell into this exact thing by accident....I bought my house because I liked the area and style of the house....it just happened to have a 1 bedroom, 1 bath guest house in the backyard. I thought, well maybe I'll make it into an art studio or something. Well a friend asked if they could rent it from me. I agreed, and several months in I realized, dang, this rental is paying my mortgage for me, I'm living here for free! 💡😍. Amazing epiphany! In 2008 a million foreclosures were everywhere! 💡💡💡💡 Thought, let's keep doing this...bought several homes, all rented with huge cash flows, all have paid for themselves at this point, have 5 homes now and all but one are now paid in full! So grateful I mistakenly fell into this thing...close to being able to quit my 40 hour week job...plan on traveling abroad since this income follows me where ever I go!
How do you find places that cash flow
What was/is your career?
Only invest your time listening to good people on good channels like Brandon on Bigger pockets 😃
Don't understand why people are hustling so much nowadays and complain about the speed of video. Just watch it while sitting on the couch and enjoying your dinner. Definitely a great video for beginning investors.
Thank you for this! I haven't been able to compute cash-on-cash until your video! I knew I had a good deal, but it looks like my very first rental property is getting me 14%/year, not counting appreciation or tax deductions. I am so excited!
jump to @14:00
Thanks lol
Literally i was waiting for this guy to get started & stop talking about bullshit , thanks lol
Thanks
Lol yes !
Thank you😊
The video starts at 19:10 before that it’s him blowing hot air.
Thank you so much
Thanks only have 30 mins
And the real section about how to do it (not just why) begins at around 28:40.
thank you
Thanks
This is so inspiring. This is exactly what I am working towards now. Building up to owning several multi units.
Neva Williamson Hi Neva! I remember you and your website on facebook. Yup same here.
Neva Williamson Agreed ... the passive income would just stack and be ridiculous! But my Dream is to snowball and become... ... HELPFUL ... in every way i can :D!
@Neva Williamson I think I just saw a comment of yours on BP. Are you in SC?
I just misspelled your last name in a comment I made under a Lisa Philips video. Sorry.
🇺🇸🇿🇦
Ahhhh yes no more hype just advice and statistics. Thank you 🙏🏼
Just getting started with preapproval with a loan for my first duplex. This is going to be my biggest move since just working a regular 9-5. Let's go!
Awesome. Hope all went well.
How is the update
Thank you. I appreciate that this is not a get rich quick sales pitch. Great info and ideas to think about.
Most opportunity comes dressed in coveralls unlike the late night gurus would have you believe.
Thank you for motivating me to sign this loan finally was worried about only making a couple hundred dollars a month on a property but you put it into perspective
I always watch these kind of videos on 2x speed because they take so long to get their point across
They do it on purpose. I just listened to another video by another one. He had to disable the timer. I wonder why they do that.
I tried your idea. It is smart. It saves a lotttt of time for real 😁
Sounds like you might like my new UA-cam series. All videos are under 2 minutes!
Thanks for the pro tip.
Recently I got into the youtube financial niche, and I’ve taken a deep dive into investing, particularly dividend growth investment as it interests me. Tried several methods trying to figure out the best approach to building my portfolio. So far, I’m making progress with the help of my financial advisor. Back to the video, wonderful job there, always look forward to your next content.
It’s almost the same situation here. The difference is that I got off early enough to know that financial planning would help me go a long way. I’m in my 60’s and reaping off my hardwork.
Came across Egan at an investment webinar. You can get all the information you need, just leave him a message on his webpage hestrelegan. info, you can look him up if you like.
I don’t make that much, but I sure do make enough. However, it will not be a bad idea to hear from a professional.
Dear Brandon, thank you for taking the time to make this for us, we understand that you need to sell it but 14 minutes of selling it? Really?
Thank you for telling us (those of us who are interested in people) about yourself and letting us get to know a little about the person behind the investor.
Gene S R Cooper
HI Guys Thanks to you all for your experience that you are sharing with us.
and i am so happy that i’ve gotten so much experience about what i niver know about real estate i really love it. i never have no experience on how to go’s about handeling estate matters i pray that the Lord keep blessing your Good work that you guys are all doing i never knows that much but i have learned a lot tonight you inspired me with knowledge thanks very much from gene cooper.
This is a very nice introduction to ACTIVE real estate investing. Nothing passive is going on here.
He goes into 100% passive examples in the end
very informative, concise content.... best ive found so far and ive been searching for 2 months now
Your videos are so motivational! Probably the best real estate channel on here.
What a fantastic real estate investing channel on youtube! Really Well done!! Thank you!!
This is really good and easy to absorb information. Im watching one Biggerpockets video a day in my routine.
Just starting on Real Estate this year and your videos really helped me walk in the industry. I live in Chicago so I mainly use Zumbly for real estate properties to look at. They offer initial numbers already which is neat. But having your tips surely make it easier!
I'd like to connect with you and interact. Where's the best platform to connect?
real estate investing is m goal and it would be amazing if I could actually do this. I would make millions and help out my family it would be awesome omg this is the best video ever!
Investing in real estate is the way to financial freedom.. please check out my page for videos guiding you to your goal.
Great presentation Brandon! And yes, we appreciated you & the team. Glad we found you.
The specificity of this is great.
Who’s thumbs downing this? Someone should do a wellness check on these guys!!!🤔
I learned a lot with this video, really did fill up some empty spots that I was unsure about.
We appreciate you too B-Money! Thank you for sharing your knowledge!
Thank you for your dedication in this industry
Really appreciate this, amazingly helpful and much clearer/detailer than other bigger channels.. Much more about the help and not about promoting and popularity!!
Thank you so much for this very informative video! By far the best video I've seen and learned from.
The best video on real estate. Thank you for the knowledge.
LOVE this content. Thank you! This is just what I need to investigate real estate investing. Thank you!
This video was awesome to listen to thank you very much it brighten up my day and pump me up to get this started
Best hour of my life❤
I like the way that the webinars are structured for a live audience. However, I think a "highlight reel" of sorts with a consolidated version would be great for a portion of the BP viewers. At least the BP Pro members :)
I have to ask you a question Brandan. I don’t live in the US so I’m intrigued to ask you about one of your calculations in the video. How do you get $500 a week in rental income and only purchase the house for $150k ???
150k house with 20 percent down will be about 800 mortgage. Charge 2000 rent. 1600 in mortgage plus just in case money like vacancies or up-keep ect. That's 400 passive income a month from that property. That's what I heard?
Fantastically informative and educational! Thanks!
Brandon,thank you a lot,your presentations really helped me,and helped lots of people world wide,I love the biggerpockets,it easy to use,and easy to understand! It's explained very simple! Greeting from me a lot! I watched a bunch of your videos,but I still have a lot lot lot more to watch,btw THANK YOU!!!!!!!
Retiring in 5 years
Goal : $20,000.00 monthly in cash flow
Goodluck brother!
@@CynclossGaming thanks!
Wishing success to you too!
What's your plan im trying to do the same thing but I just need 10,000 a month but don't know where to start I feel pulled in so many directions
Best of luck on your goal!
any updates?
Great video and very enlightening. I plan on jumping in real estae investing in 5 years and learning the ropes in the meanwhile. Keep going strong 💪.
So many nuggets in here for me thank you so much!
I watched the whole thing!! 🤘🏾
Generally, I think people like to save 1% of the property value per year for repairs so
1% of $150,000 = $1,500
$1,500 / 12mo = $125/mo
(Just to let you guys know a rough estimate on what to calculate if you ever run property numbers in your head)
Great, practical information on getting started in real estate investing. Thanks, Brandon!
What bank are you using to give you loans for these properties?
Any bank. Lots of research and apply.
@Ashley B. What did it take for you to get into years of CREDIT card debt?
Thanks for this! Took a couple pages of notes :)
Which state is the best place to start? You know different state/city has different policies which may affect your income from the property.
Due to the pandemic all over the world, many are in financial crisis now. So if you want to learn how to earn money from home, you should check out Mr Roberts @robertslarrison on Instagram.. I earned $12,000 within 4 days with an investment capital of $1000. All gratitude to Mr Robert @robertslarrison for helping me out of stress of money may God Almighty richly bless you @robertslarrison
I'm only 16 (junior in high school) and when I go to college, I want to invest in properties. Do you think I could do that if I get a part-time job? I really want to get started once I'm old enough. Love these videos so much. I spend hours looking for deals on ZIllow and Trulia every day, I'm just so passionate.
This guy is "listenable" when he cleans up and not when he looks like a prophet straight out of the old testament.😊
🤣
What's the look.have to do with being listenable?
Everything. Try listening to his video with the 10 feet beard and read the comments on it.
@@mosylla462 🤣🤣🤣
@@kaisersosa3144 😁😁😁
Here in BC, Canada, the insurance companies say they need to increase rates by somewhere between 50% - 300% (depending on the building/maintenance/etc) - That is going to impact a lot of condo owners
Good video, but the example at 34:53 with the house cost at 150k, isn't a 2k rent too high for the price of that property? Wouldn't people just prefer to buy it as opposed to renting it?
This is awesome! Good job putting this together. Tons of good info
Passive Investor network here in Houston is a cool members only system is the best way I can describe it. They have a financial planner, acquisitions team, property managers and contractors. All I have to do is say yes or no to the deals they bring me. Kinda cool
Very informative video:)... especially im planning to invest on realty... thanks for the info man and god bless:)
Basically read the millionaire real estate investor
Trent T I literally just started reading that book yesterday 😂
Thank you for taking the time to create this. I truly appreciate it!
You mentioned that you don't have to have money at all to start.
How are you handling the down-payment then?
I was more than happy to find this net-site.I needed to thanks in your time for this glorious learn!! I definitely having fun with every little bit of it and I have you bookmarked to check out new stuff you weblog post.
I wanna get into this. This is ganna be hard but I’m ganna survive
Education is the key to survival!!
Good basic and useful information, but (35:25) Where is this $150,000 property which you can rent for $2,000 / month. Can you give one example of such property currently listed throughout USA?
Only 507k views? These videos need more views. Let's learn and invest!
So basically you save up to buy your first property and start off from there? I need every tips out there
I have been investing in real estate for a while now and a lot of people talk about Cryptocurrency. Who else thinks this crypto trading is kinda easy but is way to nervous to start?
Speaking of crypto trading. It's the best business in the world right now, I know a couple of friends who make a whole lot of money trading the crypto market.
Investing with an experienced expert is the best way to get started in the Crypto market. Learnt that the hard way though
There seem to be an increasing number of beginners who are yet to fully grasp the knowledge of trading well.
Crypto trading has left me no choice but to keep investing because it makes so much profit for me.
The success behind my profit earning in bitcoin investment is not solely on my skills but by the help of investing in an expert.
Billions is actually a very popular stock investing show... but stock hunters is something I'd actually watch
This is such a great video, very informative thank you! Keep making more !
Great! Good Video! Outstanding! Thanks!
just get on with it may, He can go on & on & on!
Brandon excellent video! thanks for all the info
wow this was the most helpful video yet
Very systematic presentation Brendon. Classic analysis. You covered pretty much all aspects in this video. All the best for your Real Estate Future. Well done mate.
I love it the ways you just said. How can I take your class?
watching it over and over to understand
Hi Brandon.. What are your thoughts on investing in Condotels? Thanks! 😀
Brandon, can you put the url to your book in the description?
Starts at 36:54
How do you figure $2,000 for rent on a $150k house?
Principled Propaganda my friend the numbers don’t make any sense.
It depends on the area in which you invest. One example, a home costs $160K, and estimated rent is about $1,400.
www.zillow.com/homedetails/2422-Green-Glen-Dr-Memphis-TN-38133/62862323_zpid/
What is a good time to start real estate? I'm thinking about doing it at 18(I'm 17 at the moment.)
I plan to buy a house then live there for a couple months and get a job then work on the house at the same time. Then after a couple months once I think the house is good enough then I will rent the house out and that will be passive income so that I can work on some of my Business Idea's.
Save your money and do it as quickly as possible. At 18 I had a quadraplex (4 town homes) built and I sold them for a decent profit.
Hi, Thanks for sharing this videos. I want to ask you is I am not working and we have a house can I buy buy to let house. also I don't have a down payment how can I buy a rental property?
Hey bud, I wish I had started even before I graduated high school... I wish I grew up in learning real estate and financial literacy... I have couple videos on my channel to help you
You don't HAVE to get a bank financing to get involved in real estate investing... I bought 6 properties in the last 30 days with no bank financing... Both fix & flips and rental properties...
The Kwak Brothers what would you do instead?
GIANT QUESTION, u talk mostly about loans for a means of purchasing property's. wouldn't all those loans add up to somewhere around millions of dollars of inescapable debts on ur property's?
Yeah, but if you have multifamily properties then you can get the tenant to pay pretty much the entire mortgage over time. The key is not to get a ton of properties at once. In fact you can't even get millions of dollars worth of mortgages or really any other type of loan unless your DTI( Debt to income) ratio is low enough. I'm getting two 4plexes and using the income to pay off the mortgage of one of the houses quickly. Only then will I get another one. Its a slow snowball that accumulates over time. It takes years of dedication.
We owned a duplex and it’s taking a long time to pay off even with the tenant paying. Not as easy and rosy as projected
No, I hate fixing toilets! Great start to the video! LOL
Investing in real estate is future security
I do believe the same principal for the #3 can apply to cash buyers. Say I buy a property for $1,000 from tax upset and I put $15,000 of work into the property to make it profitable. Now let's say I have an average positive cash flow of $500 per month coming from that property. this same principal has the same effect. I'm going to generate $6,000 in positive cash flow from that property per year. I will have had the tenants pay down my initial investment in under three years. At this point in all becomes positive cash flow.
Great videos recently!
Excellent! I learned a lot.
Hey Brandon. Thanks.
Speculating on the type of family and how quick it is to find a renter as well
Thank you so much for all the info!
Great content Ian
How are you financing all of these properties??? with the equity from your other investment properties?
guys please just started out with real estate investment education. been trying to know exactly what the difference is between condos and multi-family units thanks.
I'd love to hear more discussion on BP forum/ podcast etc regarding paid for RE. I'm not big on leverage and I'd like to hear more from folks out there who prefer to pay down loans quickly and or snowball. I get it that you guys don't encourage people to go get a huge loan without a lot of reserves, but this is America (more is better right?) and I'm afraid that some folks will see it that way. Anyway, just something I'm interested in learning more about if nothing else to better be able to compare and contrast to determine which direction I'd like to go with my REI. Thank you!!!
Let’s go Brandon! 👏👏👏
13:28 "I'm not a multi-millionaire" What a great way to sell yourself lol ... All jokes aside, this was a very informative
Thank you so much!!!
Hello Brandon, could you comment on being "real estate professional" please? I read told recently, we cannot avail of tax benefits, unless me or my wife meet real estate professional requirements
Mutual funds return more than 2.4%. You have to look at them once every 6 years. I've averaged 11.7% return in my mutual funds IRA over the past 15 years and all payments are pulled out of my account automatically. Zero effort. Primerica baby!