7 steps to build wealth through real estate

The7Steps toGetting Started

Building WEALTH Through

Real Estate!

A free webinar from

Hosted byBrandon Turnerco-host of the BiggerPockets Podcast!Real Estate Investor, Author, and Speaker

We’ll be starting in…

The7Steps toGetting Started

Building WEALTH Through

Real Estate!

A free webinar from

Hosted byBrandon Turnerco-host of the BiggerPockets Podcast!Real Estate Investor, Author, and Speaker

Thanks!

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What we’ll be covering today

The 7 Steps to Building Wealth Through Real Estate:

• How do you decide what kind of investing you want to get into?

• Where do you find good deals?

• How do you make sure you don’t buy a bad deal?


By the end of this webinar, every single person here should have a game plan for what they need to

do next to achieve their real estate goals.


About BiggerPockets

About Me

About Me

Brandon Turner

Real Estate InvestorVP @ BPMusician Author Almost physically walked into Arnold Schwarzenegger once

About Me

Purchased for $83,000Rehabbed with $20,000

Sold for $139,000

Purchased for $74,500Rehabbed with $6,000

Rented for $1045 per monthCash flows $300 per month

Purchased for $550,000 with almost no money down!

Rehabbed with $60,000 using other people’s money

Produces around $3,000 per month in cash flowRecently appraised for $900,000

My mission: To help real estate investors take action and start building their own dreams rather than spending their time

building someone else’s.

Why is NOW the best time for you to invest in

Real Estate?

Low interest rates

Low interest rates Prices are increasing

Low interest rates Prices are increasing You are only getting older

“The best time to plant a tree was 20 years

ago. The second best

time is now.”

– CHINESE PROVERB

1.) Why do you want to invest in Real Estate?

2.) What does Financial Freedom look like to you?

The two ways people invest in real estate:


- The Casual Method


- The Casual Method

- The Serious Method


1.) Commit

Willy Nilly

How casual investors commit…

Consequence =

How casual investors commit…

Embarrassed

Give Up

How serious investors commit…

Someone committed never say “I can’t do it.”

They ask “HOW can I do it?”

How serious investors commit…

Fill in the blank:

“Right now in life… I wish I could _______”

“Some people want it to happen, some wish it would happen, others make it happen.”

-Michael Jordan

Are you committed to taking action?

Are you committed to investing your time?

Are you committed to investing your creativity?

Are you committed to investing your abilities?

Are you committed to investing your money?


1.) Commit


1.) Commit 2.) Educate

How casual investors educate themselves…

No education.


No education.

$50,000 Guru training courses that promise easy, quick money.


No education.

$50,000 Guru training courses that promise easy, quick money.

Learn from failure.



Consequence=


Consequence=Bankruptcy, Stress, Never Get Started

How serious investors educate themselves…

Learn from other’s experience.(BiggerPockets.com/forums)


http://BiggerPockets.com/forums


Listen to Podcasts like the BiggerPockets Podcast(BiggerPockets.com/podcast)





Read books on real estate and business(BiggerPockets.com/BestBooks)





Read books on real estate and business(BiggerPockets.com/BestBooks)

Connect with experienced investors for help. (BiggerPockets.com/meet)



What kind of real estate should you get into?

Goals?Ability?Location?Freedom/Time?


1.) Commit 2.) Educate


1.) Commit 2.) Educate 3.) Network

How casual investors network…


Consequence=


Consequence=Meet a few people probably looking to sell you something

How serious investors network…


Business CardsMeetups

Questions/AnswersLunch

AccountabilityPhone calls

Local Mentors


BiggerPockets.com/meet


1.) Commit 2.) Educate 3.) Network


1.) Commit 2.) Educate 3.) Network 4.) Search

How casual investors find deals…


Sit around, wait for a deal to happen.

Consequence=


Consequence=


Only find bad deals, don’t buy anything,continue living on Momma’s couch

How serious investors find deals…


MLS


MLS Direct Mail


MLS Direct MailDriving for Dollars


MLS Direct MailDriving for DollarsFSBO


MLS Direct MailDriving for DollarsFSBOCraigslist



Driving for Dollars



Driving for DollarsBP Marketplace



Driving for DollarsBP MarketplaceEviction Records



Driving for DollarsBP MarketplaceEviction RecordsLoopnet and Costar



Driving for DollarsBP MarketplaceEviction RecordsLoopnet and CostarPassion


1.) Commit 2.) Educate 3.) Network 4.) Search


1.) Commit 2.) Educate 3.) Network 4.) Search 5.) Analyze

How casual investors analyze deals…

None


Income - Expenses = Cash Flow

Rentals


Income - Expenses = Cash Flow

Sales Price - Purchase Price = Profit

Rentals

House Flipping

Consequence=


Bad Deals!


About Me

How serious investors analyze deals…

CAREFULLY!

How serious investors analyze deals…

The BiggerPockets Property Analysis Software


1.) Commit 2.) Educate 3.) Network 4.) Search 5.) Analyze


1.) Commit 2.) Educate 3.) Network 4.) Search 5.) Analyze 6.) Finance

How casual investors finance deals…

How serious investors finance deals…

Professionally.


www.BiggerPockets.com/5cs

http://www.BiggerPockets.com/5cs


1.) Confidence




1.) Confidence2.) Clarity




1.) Confidence2.) Clarity3.) Concise




1.) Confidence2.) Clarity3.) Concise4.) Convenient




1.) Confidence2.) Clarity3.) Concise4.) Convenient5.) Creativity



12 Steps to Getting a Bank to Say “YES" To Financing

Your Deal!

www.BiggerPockets.com/webinar

Next Wednesday’s Webinar:


1.) Commit 2.) Educate 3.) Network 4.) Search 5.) Analyze 6.) Finance


1.) Commit 2.) Educate 3.) Network 4.) Search 5.) Analyze 6.) Finance 7.) Manage

How casual investors manage deals…

Alone


Consequence=


Consequence=Bankruptcy? Stress?

How serious investors manage deals…

How serious investors manage deals…

Through Community

Let me ask you a question:

What happensif you take the

“Casual” path vs. the “Serious” path?

Let me tell you about some the best tools for those who want to take

the “Serious” path.

BiggerPockets

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I am not an attorney, accountant, or your mother. Please use common sense and know that this is just

entertainment and I am nothing but a circus clown here to entertain.

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7 steps to build wealth through real estate

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serious investors

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