Channel: BiggerPockets

Category: Education

Tags: real estate investorhow to flip a houselandlordshort term rentalsbuy rentalsinvest in real estaterental propertyhow to buy a rental propertybigger pocketsprivate lendinginvestingincome propertyfix and flipreal estatebuy rental propertieshow to invest in real estaterentalspassive incomebiggerpocketsinvesting in real estatefixer upperreal estate investingprivate money lendingprivate money lenderbrrrrflippinghouse hacking

Description: If you want to invest in real estate, you’re probably taking a safe, slow approach to building a rental property portfolio. As a real estate rookie, people tell you that the safest way to invest is to get good at one thing while keeping a distance from doing deals outside your comfort zone. While this type of advice isn’t wrong for everyone, it may miss the mark for some. Investors like Marjorie Patton have found ways to dramatically diversify themselves in the world of real estate, without their losing shirts. Marjorie is the head of sales for a financial technology firm by day and a real estate investor, house hacker, flipper, and private money lender by night. With some rather unexpected renovation costs on her first property (and with no safety reserve), Marjorie was forced to learn real estate investing on the fly. Fast forward to today, Marjorie has a seven-door portfolio in the expensive Denver, Colorado area. She’s grown quickly and has seen healthy profits, but has no need to quit her W2. Instead, she’s going to creatively parlay any deal that comes across her desk so she can build wealth while continuing to work somewhere she loves. ~~~~ Join BiggerPockets for FREE: biggerpockets.com/signup?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Listen to The New BiggerPockets Podcast, “On The Market”: Spotify: open.spotify.com/show/2NlzZ9NtHtZ2uBuaDNoGzY Apple Podcasts: podcasts.apple.com/us/podcast/on-the-market/id1615086704 BiggerPockets: biggerpockets.com/podcasts?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with Marjorie on BiggerPockets: biggerpockets.com/users/marjoriep?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Follow Marjorie on Instagram: @theemarjpatto or instagram.com/theemarjpatton ~~~~ Join The “Rocky Mountain Women Invest” Facebook Group: facebook.com/groups/rockymtnwomeninvest ~~~~ Grab Marjorie’s Favorite Real Estate Book, “The Multifamily Millionaire”: Volume 1: store.biggerpockets.com/products/the-multifamily-millionaire-volume-i?utm_source=youtube&utm_medium=description&utm_campaign=none Volume 2: store.biggerpockets.com/products/the-multifamily-millionaire-volume-ii?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Listen to Adam Grant’s BiggerPockets Interview: biggerpockets.com/blog/biggerpockets-podcast-467-adam-grant?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Invest with David and Rob: investwithdavidgreene.com ~~~~ Connect with Rob (Roubilt) on Youtube, Instagram, Tiktok, and Twitter: Youtube: youtube.com/c/Robuilt Instagram: instagram.com/robuilt TikTok: tiktok.com/@robuilto Twitter: mobile.twitter.com/robuiltchannel ~~~~ Connect with David and Rob on BiggerPockets: David: biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none Rob: biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Follow David on Instagram: @davidgreene24 or instagram.com/davidgreene24 Episode 602 Show notes at: biggerpockets.com/blog/real-estate-602?utm_source=youtube&utm_medium=description&utm_campaign=none 00:00 Intro 03:09 Quick Tip 04:05 Flips, Rentals, Lending, and More! 07:52 The "Right" Way to Buy Real Estate 18:23 Turning Mistakes into Investing Confidence 25:38 When Is the Right Time to Quit Your W2? 37:14 Choosing Your Strategy and Private Lending 46:01 Six-Figure Flip Profits 54:58 Deal Deep Dive 01:05:56 Famous Four