Instructional Videos

BiggerPockets Podcast 152: BUILDING WEALTH and PASSIVE INCOME through RENTAL PROPERTIES

BEN LEYBOVICH on CARDONEZONE with GRANT CARDONE (35 minutes in)

REAL ESTATE 101

REAL ESTATE 102

BIGGERPOCKETS PODCAST 61 with my good friends JOSHUA DORKIN and BRANDON TURNER

WHY 2% RULE FOR BUYING RENTALS IS NOT GOOD

LOOKING FOR STABLE AND PASSIVE CASH FLOW

HOW DO YOU FIGURE OUT ROI ON RENTALS

NEGOTIATING TO WIN!

NO MONEY DOWN REAL ESTATE

WHY I DON’T LIKE CONDOS as INVESTMENTS

CASH ON CASH RETURN

LAND CONTRACT vs. NOTE & MORTGAGE – WHICH IS BETTER?

VALUE IN REAL ESTATE

WHAT IS REAL ESTATE SYNDICATION (biggerpockets)

CASH FLOW VS. CAPITAL GAINS

INCOME

CASH FLOW

WHAT IS an ASSET

MULTIPLE REVENUE STREAMS

WHY SAVING DOESN’T WORK

FUNCTIONAL OBSOLESCENCE

7 Comments

  • Alvaro Reply

    Great stuff Ben!!

    • Ben Reply

      Thanks indeed, Alvaro!

  • Orlando Paz Reply

    Ben,

    I am starting out, and trying to learn about some of the niches that are out there. Some of the ones that catch my attention are buy/rehab/sell (Flip), Multi family (for rental), Mobile Homes & Mobil Home Parks, and Notes. Obviously, my interests are all over the place! lol! I am basically looking for the best niche I can start with. My initial goal would be to start generating enough income to reinvest and to improve my personal finances. For this goal, I am thinking about Flipping. I would also consider a cash flow type of investment, if it yielded enough income to support my initial goal. My long term goal would focus primarily on cash flow. For this stage, I am thinking about multi family, mobile homes & mh parks, and notes.

    I am fired up and ready to take action, but my biggest obstacle is money and credit. As of: 05/2015, my credit score is 583. If I did not have a separation and children to support, my income would not be too bad. I make $41,600 per year at my regular job, and an extra $4k to $5k a year from a part time job. In addition, I am extremely ashamed and embarrassed to say that I get an extra $500 per month from a family member to help me out. With all these numbers added up, I am looking at about $52k per year (approx.) Because I am helping to support my children, and at the same time keep my own head above water… having money to start investing in real estate is a huge challenge. With enough knowledge though, I am sure that there is a way to “get the ball rolling” somehow. As a newbie though, I am having a difficult time finding a creative solution.

    I mention my situation, to give some clarity about where I am versus where I want to be. With all this being said, my questions to you is… what would you do, if you were in my shoes? What type of investment would work best for my goals? How would I be able to fund them, If I have very little to no money or credit available?… I know that I am throwing some challenging questions, but perhaps you may see possibilities that I can’t see. Any thoughts would be greatly appreciated.

    • Ben Reply

      Orlando,

      First – here’s what I am thinking. Flipping requires a lot of liquid capital, which you don’t have. I know you have a family member with $500/month, but this doesn’t mean that they can help you with $100,000 (or something) that you’ll need to do a flip. Besides, there are only a few parts of the country where flipping makes sense. In the mid-west, for example, chance are that you’ll loose money – there’s just not enough spread… So – in my mind flipping is out.

      Notes – you need cash to buy notes

      This leaves income property. The person that is helping you with $500/month. If they could co-sign on a loan and allow you to buy a 4-plex, you could generate $500/month of cash flow. Besides, you’d own a building, and your tenants would be paying off the loan for you. Since your family member is clearly not opposed to helping you with $500, this would be a way to potentially put $500 in your hands, but also help you get on your way building wealth…

      Those are my thoughts. Hope this helps 🙂

  • Orlando Paz Reply

    Thanks Ben! Your advice does help. I’ll need to talk to her about this. This mystery person I am embarrassed to admit to helping me out, is my mother! lol!… Maybe I could make the multifamily a section 8, and even make her a tenant. Who knows? At least I won’t feel too guilty taking her money, if she’s my tenant! 🙂

    On the topic of flipping, I was considering using hard money. The thought of it and not selling the flip quick enough does scare me. Perhaps it could be done in the future, but I see your point.

    I tend to be analytical about things, and you seem to have an analytical perspective to investing, so I knew you would be a great person to ask. Thanks for your insight.

    • Ben Reply

      Glad to help, Orlando. Now it’s just the easy matter of knowing what to buy, where, how, and why 🙂

  • Orlando Reply

    Sounds like a whole new set of challenges! Lol!… But definitely a learning process in answering those questions you point out.

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