AskBP

#AskBP 059: Is it Better to Purchase a Fixer Upper or a Property Already in Great Condition as a First Time Investor?

Expertise: Landlording & Rental Properties, Personal Development, Real Estate News & Commentary, Real Estate Investing Basics, Business Management, Flipping Houses, Mortgages & Creative Financing, Real Estate Deal Analysis & Advice, Real Estate Wholesaling, Personal Finance, Real Estate Marketing, AskBP
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Is it Better to Purchase a Fixer Upper or a Property Already in Great Condition as a First Time Investor?

Buying a fixer-upper offers real estate investors greater opportunities to snag investment property at below market value and quickly build equity, but it comes with greatly increased risk for the new investor.  On this episode of the #AskBP Podcast, Scott Trench shares his perspective as to which types of investors might want to take on this added risk, vs those who might do well to avoid properties that need a lot of work.  If you’re looking to buy a fixer upper as a first investment, make sure you ask yourself the questions posed in this episode!

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Brandon Turner is an active real estate investor, entrepreneur, writer, and co-host of the BiggerPockets Podcast. He began buying rental properties and flipping houses at age 21, discovering he didn’t need to work 40 years at a corporate job to have “the good life.” Today, with nearly 100 rental units and dozens of rehabs under his belt, he continues to invest in real estate while also showing others the power, and impact, of financial freedom. His writings have been featured on Forbes.com, Entrepreneur.com, FoxNews.com, Money Magazine, and numerous other publications across the web and in print media. He is the author of The Book on Investing in Real Estate with No (and Low) Money Down, The Book on Rental Property Investing, and co-author of The Book on Managing Rental Properties, which he wrote alongside his wife, Heather, and How to Invest in Real Estate, which he wrote alongside Joshua Dorkin. A life-long adventurer, Brandon (along with Heather and daughter Rosie) splits his time between his home in Washington State and various destinations around the globe.

    James
    Replied about 4 years ago
    Scott, very nice first (I think it’s your first) BP video! Well done!
    Mark Lopez Investor from Cedar Hill, Texas
    Replied about 4 years ago
    Good job young man, good content..
    Mark Lopez Investor from Cedar Hill, Texas
    Replied about 4 years ago
    Good job young man, good content..