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The7Steps toGetting Started
Building WEALTH Through
Real Estate!
A free webinar from
Hosted byBrandon Turnerco-host of the BiggerPockets Podcast!Real Estate Investor, Author, and Speaker
We’ll be starting in…
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The7Steps toGetting Started
Building WEALTH Through
Real Estate!
A free webinar from
Hosted byBrandon Turnerco-host of the BiggerPockets Podcast!Real Estate Investor, Author, and Speaker
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Free Gift Now:
www.BiggerPockets.com/books
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What we’ll be covering today
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The 7 Steps to Building Wealth Through Real Estate:
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• How do you decide what kind of investing you want to get into?
• Where do you find good deals?
• How do you make sure you don’t buy a bad deal?
The 7 Steps to Building Wealth Through Real Estate:
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By the end of this webinar, every single person here should have a game plan for what they need to
do next to achieve their real estate goals.
The 7 Steps to Building Wealth Through Real Estate:
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About BiggerPockets
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About Me
Brandon Turner
Real Estate InvestorVP @ BPMusician Author Almost physically walked into Arnold Schwarzenegger once
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Purchased for $83,000Rehabbed with $20,000
Sold for $139,000
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Purchased for $74,500Rehabbed with $6,000
Rented for $1045 per monthCash flows $300 per month
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Purchased for $550,000 with almost no money down!
Rehabbed with $60,000 using other people’s money
Produces around $3,000 per month in cash flowRecently appraised for $900,000
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My mission: To help real estate investors take action and start building their own dreams rather than spending their time
building someone else’s.
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Why is NOW the best time for you to invest in
Real Estate?
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Low interest rates
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Low interest rates Prices are increasing
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Low interest rates Prices are increasing You are only getting older
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“The best time to plant a tree was 20 years
ago. The second best
time is now.”
– CHINESE PROVERB
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1.) Why do you want to invest in Real Estate?
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2.) What does Financial Freedom look like to you?
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The two ways people invest in real estate:
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The two ways people invest in real estate:
- The Casual Method
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The two ways people invest in real estate:
- The Casual Method
- The Serious Method
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The two ways people invest in real estate:
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The 7 Steps to Building Wealth Through Real Estate:
1.) Commit
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Willy Nilly
How casual investors commit…
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Consequence =
How casual investors commit…
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How serious investors commit…
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Someone committed never say “I can’t do it.”
They ask “HOW can I do it?”
How serious investors commit…
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Fill in the blank:
“Right now in life… I wish I could _______”
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“Some people want it to happen, some wish it would happen, others make it happen.”
-Michael Jordan
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Are you committed to taking action?
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Are you committed to investing your time?
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Are you committed to investing your creativity?
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Are you committed to investing your abilities?
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Are you committed to investing your money?
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The 7 Steps to Building Wealth Through Real Estate:
1.) Commit
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The 7 Steps to Building Wealth Through Real Estate:
1.) Commit 2.) Educate
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How casual investors educate themselves…
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No education.
How casual investors educate themselves…
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No education.
$50,000 Guru training courses that promise easy, quick money.
How casual investors educate themselves…
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No education.
$50,000 Guru training courses that promise easy, quick money.
Learn from failure.
How casual investors educate themselves…
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How casual investors educate themselves…
Consequence=
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How casual investors educate themselves…
Consequence=Bankruptcy, Stress, Never Get Started
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How serious investors educate themselves…
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Learn from other’s experience.(BiggerPockets.com/forums)
How serious investors educate themselves…
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Learn from other’s experience.(BiggerPockets.com/forums)
Listen to Podcasts like the BiggerPockets Podcast(BiggerPockets.com/podcast)
How serious investors educate themselves…
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Learn from other’s experience.(BiggerPockets.com/forums)
Listen to Podcasts like the BiggerPockets Podcast(BiggerPockets.com/podcast)
Read books on real estate and business(BiggerPockets.com/BestBooks)
How serious investors educate themselves…
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Learn from other’s experience.(BiggerPockets.com/forums)
Listen to Podcasts like the BiggerPockets Podcast(BiggerPockets.com/podcast)
Read books on real estate and business(BiggerPockets.com/BestBooks)
Connect with experienced investors for help. (BiggerPockets.com/meet)
How serious investors educate themselves…
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What kind of real estate should you get into?
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Goals?Ability?Location?Freedom/Time?
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The 7 Steps to Building Wealth Through Real Estate:
1.) Commit 2.) Educate
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The 7 Steps to Building Wealth Through Real Estate:
1.) Commit 2.) Educate 3.) Network
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How casual investors network…
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How casual investors network…
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How casual investors network…
Consequence=
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How casual investors network…
Consequence=Meet a few people probably looking to sell you something
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How serious investors network…
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How serious investors network…
Business CardsMeetups
Questions/AnswersLunch
AccountabilityPhone calls
Local Mentors
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How serious investors network…
BiggerPockets.com/meet
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The 7 Steps to Building Wealth Through Real Estate:
1.) Commit 2.) Educate 3.) Network
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The 7 Steps to Building Wealth Through Real Estate:
1.) Commit 2.) Educate 3.) Network 4.) Search
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How casual investors find deals…
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How casual investors find deals…
Sit around, wait for a deal to happen.
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Consequence=
How casual investors find deals…
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Consequence=
How casual investors find deals…
Only find bad deals, don’t buy anything,continue living on Momma’s couch
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How serious investors find deals…
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How serious investors find deals…
MLS
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How serious investors find deals…
MLS Direct Mail
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How serious investors find deals…
MLS Direct MailDriving for Dollars
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How serious investors find deals…
MLS Direct MailDriving for DollarsFSBO
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How serious investors find deals…
MLS Direct MailDriving for DollarsFSBOCraigslist
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How serious investors find deals…
MLS Direct MailDriving for DollarsFSBOCraigslist
Driving for Dollars
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How serious investors find deals…
MLS Direct MailDriving for DollarsFSBOCraigslist
Driving for DollarsBP Marketplace
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How serious investors find deals…
MLS Direct MailDriving for DollarsFSBOCraigslist
Driving for DollarsBP MarketplaceEviction Records
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How serious investors find deals…
MLS Direct MailDriving for DollarsFSBOCraigslist
Driving for DollarsBP MarketplaceEviction RecordsLoopnet and Costar
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How serious investors find deals…
MLS Direct MailDriving for DollarsFSBOCraigslist
Driving for DollarsBP MarketplaceEviction RecordsLoopnet and CostarPassion
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The 7 Steps to Building Wealth Through Real Estate:
1.) Commit 2.) Educate 3.) Network 4.) Search
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The 7 Steps to Building Wealth Through Real Estate:
1.) Commit 2.) Educate 3.) Network 4.) Search 5.) Analyze
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How casual investors analyze deals…
None
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How casual investors analyze deals…
None
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How casual investors analyze deals…
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How casual investors analyze deals…
Income - Expenses = Cash Flow
Rentals
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How casual investors analyze deals…
Income - Expenses = Cash Flow
Sales Price - Purchase Price = Profit
Rentals
House Flipping
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Consequence=
How casual investors analyze deals…
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Bad Deals!
How casual investors analyze deals…
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How serious investors analyze deals…
CAREFULLY!
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How serious investors analyze deals…
The BiggerPockets Property Analysis Software
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The 7 Steps to Building Wealth Through Real Estate:
1.) Commit 2.) Educate 3.) Network 4.) Search 5.) Analyze
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The 7 Steps to Building Wealth Through Real Estate:
1.) Commit 2.) Educate 3.) Network 4.) Search 5.) Analyze 6.) Finance
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How casual investors finance deals…
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How casual investors finance deals…
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How serious investors finance deals…
Professionally.
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How serious investors finance deals…
www.BiggerPockets.com/5cs
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How serious investors finance deals…
1.) Confidence
www.BiggerPockets.com/5cs
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How serious investors finance deals…
1.) Confidence2.) Clarity
www.BiggerPockets.com/5cs
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How serious investors finance deals…
1.) Confidence2.) Clarity3.) Concise
www.BiggerPockets.com/5cs
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How serious investors finance deals…
1.) Confidence2.) Clarity3.) Concise4.) Convenient
www.BiggerPockets.com/5cs
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How serious investors finance deals…
1.) Confidence2.) Clarity3.) Concise4.) Convenient5.) Creativity
www.BiggerPockets.com/5cs
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How serious investors finance deals…
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12 Steps to Getting a Bank to Say “YES" To Financing
Your Deal!
www.BiggerPockets.com/webinar
Next Wednesday’s Webinar:
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The 7 Steps to Building Wealth Through Real Estate:
1.) Commit 2.) Educate 3.) Network 4.) Search 5.) Analyze 6.) Finance
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The 7 Steps to Building Wealth Through Real Estate:
1.) Commit 2.) Educate 3.) Network 4.) Search 5.) Analyze 6.) Finance 7.) Manage
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How casual investors manage deals…
Alone
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How casual investors manage deals…
Consequence=
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How casual investors manage deals…
Consequence=Bankruptcy? Stress?
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How serious investors manage deals…
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How serious investors manage deals…
Through Community
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Let me ask you a question:
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What happensif you take the
“Casual” path vs. the “Serious” path?
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Let me tell you about some the best tools for those who want to take
the “Serious” path.
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Professional Status on BP
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