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572: The Super Repeatable Path to Real Estate Wealth (No Experience Needed!) w/Erika Brown

572: The Super Repeatable Path to Real Estate Wealth (No Experience Needed!) w/Erika Brown

FromBiggerPockets Real Estate Podcast


572: The Super Repeatable Path to Real Estate Wealth (No Experience Needed!) w/Erika Brown

FromBiggerPockets Real Estate Podcast

ratings:
Length:
60 minutes
Released:
Feb 17, 2022
Format:
Podcast episode

Description

Do you need to be rich to buy a rental property? Arguably, no. In reality, you don’t need a lot of experience, know-how, or cash on hand to buy your first income property. But, you need to at least be resourceful, take advantage of your opportunities, and have the tenacity to follow through on your goals. If you have all those qualities, you may be a great real estate investor, or maybe you’re today’s guest, Erika Brown.Erika wasn’t raised by real estate investors. No, this was a skill she had to learn completely on her own. In fact, she learned the real estate sales skill without even knowing it! When Erika moved to a new neighborhood in the Atlanta, Georgia area, she was consistently convincing friends to buy properties around her home. She passed these leads along to a local real estate agent until she realized she was casually handing over six figures in commissions.So, she went ahead and got her real estate license, and later turned a pocket listing into her first real estate investment. From there, she saw a profitable path laid out, all she needed was the partners, lending, and work to actualize it. Now, Erika is sitting on a sizable real estate portfolio, building purposeful and profitable businesses so she can employ members of her community and lead the wealth generation movement in her circle!In This Episode We Cover:When part-time agents should make the jump to full-time work (and how to do it)Quitting the corporate lifestyle to take on more risk as a real estate investorCashing out retirement accounts to fund your first (or next) dealGetting around common real estate roadblocks that lead rookie investors to failHaving a “purpose-first” business model so you can build wealth and upgrade your communityWhy every investor must “do what the wealthy do” to succeed in real estateAnd So Much More!Links from the Show:BiggerPockets WebsiteBiggerPockets PodcastBiggerPockets Live Q&ABiggerPockets ConferenceBiggerPockets ForumsTEDx Talks: How to Succeed at Doing Anything | David Greene | TEDxRosevilleAirbnbMLS (Multiple Listing Service)The Last Dance - A docuseries that chronicles the rise of superstar Michael Jordan and the 1990s Chicago BullsPeerspaceFacebook GroupsCheck the full show notes here: https://www.biggerpockets.com/show572See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Feb 17, 2022
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.