Support the relief efforts for the Maui wildfires by donating to the organizations below or clicking here. Together, we can make a difference for those affected by this tragic event:
HAWAI‘I COMMUNITY FOUNDATION:
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RED CROSS:
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Episode #804
Real estate investing isn’t what it used to be. Back in 2010, in a post-crash housing market, almost any property in any area could cash flow easily. Back then, the question wasn’t “Where are the deals?” It was “Which deal should I buy?” But things have changed, and now in 2023, homes are hard to purchase, let alone cash flow, and more and more real estate investors are giving up simply because they don’t know the new rules of the game. So, here’s what you NEED to know.
Before we unlock every wealth-building secret in the book, let’s welcome back Danny Zapata, Philip Hernandez, and Wendy St. Clair, our recent mentees of the ninety-day mentorship! We brought them back on the show to talk about deals they’ve done, the progress they’ve made, and where they’ve fallen off track. One mentee left their job, another is handling headache evictions, and one had to put a pause on real estate. But now, they’re ALL ready to expand their empires, but they’ll need some advice first.
In this episode, David and Rob show you how to get more real estate deals TODAY, why you’re doing meetups all wrong, the reality of cash flow and why “mailbox money” isn’t what it used to be, and what to do when you CAN’T find the momentum to keep growing your wealth.
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~~~~ Hear the Previous Mentee Episodes: 708: 719: 726: 738: ~~~~ Connect with Danny: BiggerPockets: Instagram: @investoronfire or ~~~~ Connect with Philip: BiggerPockets: Instagram: @educatedinvest or Website: ~~~~ Connect with Wendy: BiggerPockets: Instagram: @wendysc_invests or ~~~~ Connect with David and Rob on BiggerPockets: David: Rob: ~~~~ Connect with Rob (Robuilt): Instagram: TikTok: Twitter: YouTube: ~~~~ Follow David and BiggerPockets on Instagram: @davidgreene24 or @biggerpockets or
Show notes at:
Recorded at Spotify Studios LA.
00:00 Maui wildfires support
7:54 Podcast Intro
10:22 Quick Tip
10:48 Quitting Jobs, Evictions, and Finding Time
18:44 How to Find Deals NOW
32:39 "Mailbox Money" Is Dead
40:01 Buying "Base Hit" Rentals
43:39 The ONLY Way to Build Wealth
46:04 The Fastest Way to Grow a Portfolio
56:09 Lessons Learned
59:54 Connect with the Mentees!
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By: BiggerPockets Title: Give Up On “Mailbox Money”...Real Estate Investing Has Changed Sourced From: www.youtube.com/watch?v=HGREKx6i-pE
