Scott Trench’s 5 Steps to START Investing in Real Estate in 2024
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- Опубліковано 8 чер 2024
- BONUS EPISODE
Investing in real estate can build you massive wealth. And here’s the secret no one wants to tell you: it isn’t all that hard. But before you jump to conclusions and call real estate a get-rich-quick scheme, let’s lay down the law. Investing in real estate is a simple, repeatable process that MANY Americans have used to get rich, but it takes knowledge and time to succeed. Where do you go to learn how to buy your first or next rental property? Well, you’re already here!
In this bonus episode, Scott Trench, CEO of BiggerPockets AND decade-long investor, will share his five-step, repeatable process for finding and analyzing real estate deals. Scott has taken the SLOW route to wealth. He doesn’t have a hundred units, a big real estate fund, or a yacht. But he does have a thirteen-unit passive-income-producing rental portfolio that pays him money every single month.
Stick around to learn how YOU can get your first or next rental property in 2024. Want full access to the tools and resources from this episode, including calculators and rent estimators? Sign up for BiggerPockets Pro and use code “STABLEWEALTHYT” for a special discount: www.biggerpockets.com/members...
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Join BiggerPockets for FREE 👇
www.biggerpockets.com/signup?...
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Expand Your Investing Knowledge With the BiggerPockets Books:
store.biggerpockets.com/?utm_...
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Find an Investor-Friendly Agent in Your Area:
biggerpockets.com/agentmatch
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Find Investor-Friendly Lenders:
biggerpockets.com/findlenders
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Use the BiggerPockets Tools from This Episode:
Rent Estimator: www.biggerpockets.com/insight...
Rental Property Calculator: www.biggerpockets.com/rental-...
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Connect with Other Investors on the BiggerPockets Forums:
www.biggerpockets.com/forums?...
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Grab the “Quick Start Guide” to Real Estate:
www.biggerpockets.com/blog/wp...
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Hear Scott on the “BiggerPockets Money” Podcast:
www.biggerpockets.com/podcast...
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Grab Scott’s Investing Books:
Set for Life: store.biggerpockets.com/produ...
First-Time Home Buyer: store.biggerpockets.com/produ...
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Work with Rent to Retirement for Your First or Next Turnkey Rental Property:
www.renttoretirement.com/
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Connect with Scott on BiggerPockets:
Scott: www.biggerpockets.com/users/s...
Show notes at: link.chtbl.com/BPRE
00:00 Intro
01:52 Meet BiggerPockets
04:13 Who Should Invest in Real Estate?
07:41 The Best Wealth-Building Strategy
13:27 2024 Housing Market Predictions
22:45 Choosing a Rental Market
24:46 How to Find a Deal in 5 Steps
30:48 How to Analyze a Real Estate Deal
37:21 Are New Homes Your Best Bet?
42:49 Building Your Buy Box
47:09 The Must-Have Investing Tool
Scott, I enjoyed getting to know your journey more during this episode. I'm closing on my first investment property next week! Thank you!
Me too. Congrats!
Congratulations to both of you! Great to hear!
Congrats! Welcome to the investor world!
Great video. Love the analysis!
Appreciate it!
This is the best and most informative content i have seen posted on this channel in the last year. I want to hear more from Scott!
Thank you so much! Glad you liked it!
Wow,l like your style of investing.
Whole sale,flip,BBBR ,it’s a lot to learn about in this crazy market as a newbie .
Thanks all for your support. We are blessed with growth.
@@foresightproperties yes Amen to that 🙌🏻
Finally, BP getting back to what makes it great!
Glad you liked it! Thanks for watching!
But Scott, you've said the cap rate is a "return". If commercial prices decline then cap rates re higher so investors are getting a higher "return"!! LOL
Hi Bob - No, Cap Rate is not a return. I apologize if something I've said suggested it was.