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799: 3 Steps to Building a Simple, Safe, "No Bank" Rental Property Portfolio w/Cody Davis and Christian Osgood

799: 3 Steps to Building a Simple, Safe, "No Bank" Rental Property Portfolio w/Cody Davis and Christian Osgood

FromBiggerPockets Real Estate Podcast


799: 3 Steps to Building a Simple, Safe, "No Bank" Rental Property Portfolio w/Cody Davis and Christian Osgood

FromBiggerPockets Real Estate Podcast

ratings:
Length:
61 minutes
Released:
Aug 1, 2023
Format:
Podcast episode

Description

You can build a multifamily real estate portfolio without a ton of money, risk, or time. Cody Davis and Christian Osgood built their multimillion-dollar rental property portfolio in a matter of years, using strategies that ANYONE, no matter their experience level, can use. But, how they do things is a little unconventional and probably goes against everything top real estate investors have been telling you.
While the world looked to lock down as much debt as possible during 2020-2021’s low mortgage rates, Cody and Christian sought something else. This dynamic investing duo wanted long-term debt on excellent properties that could be paid off quickly, enabling them to own their portfolio outright. This meant that Cody and Christian would have to sacrifice a substantial amount of cash flow, keep their spending low, and only buy the best properties out there.
How Cody and Christian bought the properties is a strategy you most likely haven’t heard of before. It’s so ingenious that if you follow the same steps as Cody and Christian, you’ll be able to get THE best properties, at the best price, from a seller who WANTS you to make money off them. Doesn’t sound possible in such a cutthroat industry, does it? Stick around to learn the EXACT steps Cody and Christian took to build their low-risk, high-reward, eight-figure portfolio.
In This Episode We Cover:
How Cody and Christian built a 130-unit rental portfolio in just a few years
The three simple steps to seller financing and why you NEVER ask if an owner is selling
Working with realtors and how to turn on-market deals into off-market steals 
Where to find seller-financed properties and owners that are most likely to sell
Mortgage rates, bank loans, and how to choose your own terms on your next loan
How to NEVER lose your wealth and why most investors are in for a rude awakening
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
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BiggerPockets Bookstore
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BiggerPockets Merch
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Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
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Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
David’s YouTube Channel
Work with David
Rob's BiggerPockets Profile
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's YouTube
BiggerPockets Podcast 554 with Cody
BiggerPockets Podcast 605 with Christian
How Cody Davis Acquired 81 Units By The Time He Turned 21
The Definitive Guide to Using Seller Financing to Buy Real Estate
Connect with Cody & Christian:
Cody's Instagram
Christian's Instagram
Christian's BiggerPockets Profile
YouTube
Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-799
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Recorded at Spotify Studios LA.
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Released:
Aug 1, 2023
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.