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
Free Gift Now:
www.BiggerPockets.com/books
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?
The 7 Steps to Building Wealth Through Real Estate:
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.
The 7 Steps to Building Wealth Through Real Estate:
About BiggerPockets
About Me
Brandon Turner
Real Estate InvestorVP @ BPMusician Author Almost physically walked into Arnold Schwarzenegger once
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 two ways people invest in real estate:
- The Casual Method
The two ways people invest in real estate:
- The Casual Method
- The Serious Method
The two ways people invest in real estate:
The 7 Steps to Building Wealth Through Real Estate:
1.) Commit
Willy Nilly
How casual investors commit…
Consequence =
How casual investors commit…
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?
The 7 Steps to Building Wealth Through Real Estate:
1.) Commit
The 7 Steps to Building Wealth Through Real Estate:
1.) Commit 2.) Educate
How casual investors educate themselves…
No education.
How casual investors educate themselves…
No education.
$50,000 Guru training courses that promise easy, quick money.
How casual investors educate themselves…
No education.
$50,000 Guru training courses that promise easy, quick money.
Learn from failure.
How casual investors educate themselves…
How casual investors educate themselves…
Consequence=
How casual investors educate themselves…
Consequence=Bankruptcy, Stress, Never Get Started
How serious investors educate themselves…
Learn from other’s experience.(BiggerPockets.com/forums)
How serious investors educate themselves…
Learn from other’s experience.(BiggerPockets.com/forums)
Listen to Podcasts like the BiggerPockets Podcast(BiggerPockets.com/podcast)
How serious investors educate themselves…
Learn from other’s experience.(BiggerPockets.com/forums)
Listen to Podcasts like the BiggerPockets Podcast(BiggerPockets.com/podcast)
Read books on real estate and business(BiggerPockets.com/BestBooks)
How serious investors educate themselves…
Learn from other’s experience.(BiggerPockets.com/forums)
Listen to Podcasts like the BiggerPockets Podcast(BiggerPockets.com/podcast)
Read books on real estate and business(BiggerPockets.com/BestBooks)
Connect with experienced investors for help. (BiggerPockets.com/meet)
How serious investors educate themselves…
What kind of real estate should you get into?
Goals?Ability?Location?Freedom/Time?
The 7 Steps to Building Wealth Through Real Estate:
1.) Commit 2.) Educate
The 7 Steps to Building Wealth Through Real Estate:
1.) Commit 2.) Educate 3.) Network
How casual investors network…
How casual investors network…
How casual investors network…
Consequence=
How casual investors network…
Consequence=Meet a few people probably looking to sell you something
How serious investors network…
How serious investors network…
Business CardsMeetups
Questions/AnswersLunch
AccountabilityPhone calls
Local Mentors
How serious investors network…
BiggerPockets.com/meet
The 7 Steps to Building Wealth Through Real Estate:
1.) Commit 2.) Educate 3.) Network
The 7 Steps to Building Wealth Through Real Estate:
1.) Commit 2.) Educate 3.) Network 4.) Search
How casual investors find deals…
How casual investors find deals…
Sit around, wait for a deal to happen.
Consequence=
How casual investors find deals…
Consequence=
How casual investors find deals…
Only find bad deals, don’t buy anything,continue living on Momma’s couch
How serious investors find deals…
How serious investors find deals…
MLS
How serious investors find deals…
MLS Direct Mail
How serious investors find deals…
MLS Direct MailDriving for Dollars
How serious investors find deals…
MLS Direct MailDriving for DollarsFSBO
How serious investors find deals…
MLS Direct MailDriving for DollarsFSBOCraigslist
How serious investors find deals…
MLS Direct MailDriving for DollarsFSBOCraigslist
Driving for Dollars
How serious investors find deals…
MLS Direct MailDriving for DollarsFSBOCraigslist
Driving for DollarsBP Marketplace
How serious investors find deals…
MLS Direct MailDriving for DollarsFSBOCraigslist
Driving for DollarsBP MarketplaceEviction Records
How serious investors find deals…
MLS Direct MailDriving for DollarsFSBOCraigslist
Driving for DollarsBP MarketplaceEviction RecordsLoopnet and Costar
How serious investors find deals…
MLS Direct MailDriving for DollarsFSBOCraigslist
Driving for DollarsBP MarketplaceEviction RecordsLoopnet and CostarPassion
The 7 Steps to Building Wealth Through Real Estate:
1.) Commit 2.) Educate 3.) Network 4.) Search
The 7 Steps to Building Wealth Through Real Estate:
1.) Commit 2.) Educate 3.) Network 4.) Search 5.) Analyze
How casual investors analyze deals…
None
How casual investors analyze deals…
None
How casual investors analyze deals…
How casual investors analyze deals…
Income - Expenses = Cash Flow
Rentals
How casual investors analyze deals…
Income - Expenses = Cash Flow
Sales Price - Purchase Price = Profit
Rentals
House Flipping
Consequence=
How casual investors analyze deals…
Bad Deals!
How casual investors analyze deals…
How serious investors analyze deals…
CAREFULLY!
How serious investors analyze deals…
The BiggerPockets Property Analysis Software
The 7 Steps to Building Wealth Through Real Estate:
1.) Commit 2.) Educate 3.) Network 4.) Search 5.) Analyze
The 7 Steps to Building Wealth Through Real Estate:
1.) Commit 2.) Educate 3.) Network 4.) Search 5.) Analyze 6.) Finance
How casual investors finance deals…
How casual investors finance deals…
How serious investors finance deals…
Professionally.
How serious investors finance deals…
www.BiggerPockets.com/5cs
How serious investors finance deals…
1.) Confidence
www.BiggerPockets.com/5cs
How serious investors finance deals…
1.) Confidence2.) Clarity
www.BiggerPockets.com/5cs
How serious investors finance deals…
1.) Confidence2.) Clarity3.) Concise
www.BiggerPockets.com/5cs
How serious investors finance deals…
1.) Confidence2.) Clarity3.) Concise4.) Convenient
www.BiggerPockets.com/5cs
How serious investors finance deals…
1.) Confidence2.) Clarity3.) Concise4.) Convenient5.) Creativity
www.BiggerPockets.com/5cs
How serious investors finance deals…
12 Steps to Getting a Bank to Say “YES" To Financing
Your Deal!
www.BiggerPockets.com/webinar
Next Wednesday’s Webinar:
The 7 Steps to Building Wealth Through Real Estate:
1.) Commit 2.) Educate 3.) Network 4.) Search 5.) Analyze 6.) Finance
The 7 Steps to Building Wealth Through Real Estate:
1.) Commit 2.) Educate 3.) Network 4.) Search 5.) Analyze 6.) Finance 7.) Manage
How casual investors manage deals…
Alone
How casual investors manage deals…
Consequence=
How casual investors manage deals…
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.
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