BiggerPockets Podcast 167: 0 to 25 Units in Your First Year (Part-Time!) with Kevin Wood

BiggerPockets Podcast 167: 0 to 25 Units in Your First Year (Part-Time!) with Kevin Wood

3 min read
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People have a lot of excuses about why they aren’t’ investing in real estate. “I work too much.” “I live in an expensive area.” “I don’t know enough.” But on today’s show, we sit down with a BiggerPockets member who is absolutely crushing it — despite a full-time job, living in Silicon Valley, and being brand-new to real estate. You’ll learn how Kevin Wood has managed to go from zero to twenty-five deals in under a year, largely using networking on BiggerPockets to make it happen. You’ll be inspired, motivated, and educated to get off the bench and jump into the game!

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This Show Sponsored By

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Fire Round Sponsor

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In This Episode We Cover:

  • How Kevin went from 0 to 25 units in less than a year
  • How to overcome the fear of buying that first deal
  • How BiggerPockets helped Kevin focus on his investing
  • The “condo mistake” Kevin almost made for his first deal
  • How to have a competitive advantage
  • Tips for approaching other investors
  • Why (and how) Kevin bought five houses at once for his first deal
  • The logistics of buying five properties at once as a newbie
  • How to know if you’re buying a good deal or not
  • The benefits of analyzing 100 deals
  • Investing in stocks vs. real estate
  • How to make a good partnership
  • Tips on working with partners — the good, bad, and ugly
  • How to introduce yourself on BiggerPockets
  • How Kevin got a $200,000 discount on his 6-plex
  • The 14-unit turnaround — and the drama associated with it
  • How to work with a designer to get the best look for a unit
  • A discussion on contractors and how to find them
  • How to manage a multifamily complex
  • The caveats associated with big fixer-upper deals
  • Tips on going for package deals
  • The genius negotiating strategy Kevin uses to get incredible deals
  • And SO much more!

Links from the Show

Before and After Images

Books Mentioned in this Show

Tweetable Topics:

  • “Once you have that first deal, you suddenly become more legitimate.” (Tweet This!)
  • “Once the number makes sense, then we do everything we can to find the yes.” (Tweet This!)
  • “Never compromise in your returns.” (Tweet This!)

Connect with Kevin

People have a lot of excuses about why they aren’t’ investing in real estate. “I work too much.” “I live in an expensive area.” “I don’t know enough.” But on […]