{"id":137933,"date":"2021-05-12T13:30:00","date_gmt":"2021-05-12T19:30:00","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=137933"},"modified":"2023-03-29T02:45:25","modified_gmt":"2023-03-29T08:45:25","slug":"price-vs-value","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/price-vs-value","title":{"rendered":"Want to Invest Like Buffett? Understand Price vs. Value First"},"content":{"rendered":"\n\n      <iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC7084162258&#038;light=false\" width=\"100%\"><\/iframe>  \n\n\n\n\n<p>How\u2019s your fantasy life?<\/p>\n\n\n\n<p>Do you ever fantasize about being a movie star? A rock star perhaps?<\/p>\n\n\n\n<p>Me? Sometimes I fantasize about being a famous investor. Someone to whom people listen and even quote. Someone witty and charming. Someone who makes billions and helps others do the same. Someone who has tens of millions to give away to fund important causes.<\/p>\n\n\n\n<p>Warren Buffett fits this bill. Perhaps the most iconic investor of our time, he is a rarity among the Fortune 100. At No. 5, Berkshire Hathaway is the only top-ten firm that doesn\u2019t directly make or sell anything.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<div id=\"hero-block_62df1a82bfc88\" class=\"first:mt-0 hero-block py-4    has-background has-slate-200-background-color has-text-color has-theme-gold-color\">\n    <div\n        class=\" flex flex-wrap lg:flex-nowrap max-w-screen-xl mx-auto px-4 relative lg:items-center \">\n\n        <div class=\"relative z-30 w-full \">\n            <main class=\"py-4\">\n                \n\n<p class=\"has-slate-800-color has-text-color has-large-font-size\" style=\"font-style:normal;font-weight:800\">Free Real Estate Webinars<\/p>\n\n\n\n<p class=\"my-3 md:my-5 lg:my-8 has-slate-900-color has-text-color\" style=\"font-size:16px\">Shortcut the learning curve by attending a BiggerPockets webinar. Hosted by expert real estate investors, you&#8217;ll learn how to master the basics and get tips for finding your next deal. Check out what&#8217;s available and register for an upcoming session!<\/p>\n\n\n\n<div id=button-custom-event-block_6418deb7ecd3a class='button-custom-event'>\n      <a href=\"https:\/\/www.biggerpockets.com\/webinars\" x-on:click=\"window.analytics.track(&#039;Block Block | Subscriptions | Webinars&#039;, {\n      referrer: &#039;https:\/\/www.biggerpockets.com\/blog\/price-vs-value&#039;,\n    });\" class=\" btn-shape inline-block no-underline has-background has-theme-blue-background-color has-text-color has-white-color\" target=\"_blank\">Register for an upcoming webinar<\/a>\n  <\/div>\n\n            <\/main>\n        <\/div>\n\n                <div class=\" first:mt-0 relative h-full lg:flex lg:items-center\">\n            <img decoding=\"async\" class=\"object-cover w-full relative z-20 my-0  shadow-xl rounded-md hidden lg:block\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/08\/Untitled-design-20.png\" alt=\"register for a free webinar\" title=\"\">\n        <\/div>\n            <\/div>\n<\/div>\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p>Buffett and company make their living from investing in the success of other companies. These firms are often subsidiaries, but their largest holdings are not. (Berkshire\u2019s biggest stake among their top ten holdings is in Kraft Heinz, at under 27% of that company.)<\/p>\n\n\n\n<p>I\u2019ve got great news for you: As a real estate investor, you and I have a real chance to invest like Buffett\u2014actually, more than most stock investors could ever dream of.<\/p>\n\n\n\n<p>If you are a real estate investor and your fantasy is to invest like Buffett, there are some very real strategies that could get you there. Read on&#8230;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Price is what you pay\u2014value is what you get<\/h2>\n\n\n\n<p>Buffett\u2019s success is largely due to his ability to spot the difference between price and value. He learned this from his mentor, Benjamin Graham.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"1225\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/05\/stock-value-vs-price.jpeg\" alt=\"\" class=\"wp-image-137934\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/05\/stock-value-vs-price.jpeg 1200w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/05\/stock-value-vs-price-294x300.jpeg 294w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/05\/stock-value-vs-price-1003x1024.jpeg 1003w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/05\/stock-value-vs-price-768x784.jpeg 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/figure>\n\n\n\n<p>Buffett takes issue with the <em>Efficient Market Hypothesis<\/em>. This hypothesis essentially claims that everything that can be known about a company and a stock is known by a very broad cross section of analysts and investors. As a result, there are no good deals. Every public stock is priced right where it should be.<\/p>\n\n\n\n<p>If you believe this (as I <em>generally<\/em> do), then you won\u2019t believe your Uber driver\u2019s \u201chot tip\u201d on an underpriced stock. And you won\u2019t fall for your drinking buddy\u2019s logic that you all need to buy Coors stock because the price will go up as soon as it hits 80 degrees in Louisiana.<\/p>\n\n\n\n<p>There are literally millions of eyeballs, and billions of dollars in software, analyzing this stuff. Trying to beat them is like trying to compete with Amazon.<\/p>\n\n\n\n<p>So how does Mr. Buffett, armed with only a handheld calculator, beat the market decade in and decade out? Not alwaysut\u2014but definitely most of the time. Check the scoreboard from 1964 through 2020:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>S&amp;P 500 total return: 23,454%<\/li>\n\n\n\n<li>Berkshire Hathaway total return:<strong> 2,810,526%<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Buffett, who for over seven decades has spent virtually all his time reading and studying, is a master at spotting intrinsic value in corporate valuations (stock prices). Intrinsic value (real, potential value) exceeds extrinsic value.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How Buffett employed intrinsic value to beat the market with Berkshire\u2019s largest holding: Apple<\/h2>\n\n\n\n<p>Buffett started buying Apple stock in 2016. This is surprising since he said he didn\u2019t understand tech and thought it was too risky for Berkshire\u2019s portfolio. He began buying at $27 per share and continued while the price ranged from about $20 to $40. By the end of 2018, he had amassed a billion shares.<\/p>\n\n\n\n<p>Here is why Buffett was attracted to Apple as an investment.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Investors misunderstood the intrinsic value<\/h3>\n\n\n\n<p>The public was concerned about Apple&#8217;s ability to innovate without Steve Jobs at the helm. This concern caused investors to overlook the intrinsic value indicators and kept the share price depressed. Buffett likes to buy companies when they&#8217;re &#8220;on sale.&#8221;<\/p>\n\n\n\n<p>A temporarily depressed price, strong consumer brand, and intelligent capital allocation were factors that led Buffett to believe the shares could be purchased for less than their intrinsic value. In other words, the extrinsic value as determined by the market was significantly less than the intrinsic (real) value of the company.<\/p>\n\n\n\n<p>In three years, the shares quadrupled in value and became Berkshire\u2019s largest investment by far. This was significant because Apple was already the world&#8217;s largest company (as measured by market cap) when Buffett began purchasing shares in 2016.<\/p>\n\n\n\n<p>Such a large increase in such a well-analyzed company indicated the market&#8217;s inability to accurately assess its long-term intrinsic value\u2014and Buffett\u2019s ability to do so.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Brand loyalty<\/h3>\n\n\n\n<p>Warren Buffett also witnessed his grandchildren&#8217;s habitual use of multiple Apple products, their attachment to the brand through repeat phone and computer upgrades, and their willingness to pay a premium for Apple products. This behavior reminded Buffett of similar consumer behavior he had witnessed with prominent brands he already owned: Coca-Cola, See&#8217;s Candies, and American Express.<\/p>\n\n\n\n<p>Buffett was famous for shunning tech companies. However, his expertise in consumer behavior through his decades-long ownership of other favorite consumer brands enabled him to view Apple for its valuable intrinsic characteristics. Others seemed to miss Apple\u2019s ability to compel customers to consistently pay a premium for its products and demonstrate brand loyalty through frequent repeat purchases.<\/p>\n\n\n\n<p>Consumer behavior and brand affinity among Apple customers allowed Buffett to view Apple not as a technology company susceptible to obsolescence, but rather as a global premium consumer brand with consistent, predictable, high-margin buyer behavior.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Annual cash flow<\/h3>\n\n\n\n<p>In Apple, Buffett saw a business that produced significant annual free cash flow, led by an intelligent capital allocator: Tim Cook. Cook deployed capital astutely by buying back undervalued shares and committing to a shareholder-friendly program in order to return significant capital to investors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Applying Buffett&#8217;s rules to real estate investing<\/h2>\n\n\n\n<p>As a stock investor, it is quite difficult to unearth unrealized intrinsic value. In real estate, it\u2019s actually quite possible. This is because real estate is largely fragmented.<\/p>\n\n\n\n<p>There are not millions of eyeballs analyzing the fourplex on the edge of town. There is no standardized cross section of data comparing that mom-and-pop-owned self-storage facility to thousands of others. That 90-year-old mobile home park owner who agreed to sell to you on a handshake is not offering that property on the broad market with thousands of bidders.<\/p>\n\n\n\n<p>You have an inside track, Mr. and Mrs. Real Estate Investor!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">So how do you pull this off?<\/h2>\n\n\n\n<p>Do you want to follow in Buffett\u2019s shoes by locating assets with hidden intrinsic value? Then start by thinking through the asset types where fragmentation plays the most significant role.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>These are typically mom-and-pop-owned assets.<\/li>\n\n\n\n<li>They are often (but certainly not always) found off-market.<\/li>\n\n\n\n<li>Sometimes they can be repurposed or rezoned. (Like the off-campus home that could be rented by the bed or the Kmart building that could be converted to self-storage.)<\/li>\n\n\n\n<li>If they are run as mom-and-pops, they can often be upgraded by a pro. The increase in net income and value is often dramatic. (We\u2019ve often seen doubling or tripling of equity in under five years.)<\/li>\n\n\n\n<li>Sometimes just adding professional marketing\u2014like a website\u2014can boost revenue and value significantly.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">A brief example: increasing net operating income (NOI)<\/h2>\n\n\n\n<p>We work closely with an operating partner who built his company largely on Buffett\u2019s principles. He has a large acquisition team relentlessly scouring the nation for off-market self-storage and mobile home park deals.<\/p>\n\n\n\n<p>In the fall of 2018, this partner acquired a Colorado storage facility for $4.3 million. The property had over 700 units plus RV parking. Our partner acquired it at a 10% cap rate with serious delinquency issues (80%!), below-market rents and occupancy, poor customer service, and deferred maintenance. Expenses were out of control, and so were the books.<\/p>\n\n\n\n<p>Our operating partner quickly undertook drastic measures to improve operations and upgrade the facility. This included:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Slashing delinquency from 80% to 5%<\/li>\n\n\n\n<li>Increasing occupancy from 78% to 86%<\/li>\n\n\n\n<li>Increasing rents to market levels<\/li>\n\n\n\n<li>Hiring and training a new onsite staff<\/li>\n\n\n\n<li>Rebranding the facility and correcting deferred maintenance<\/li>\n\n\n\n<li>Adding U-Haul which increased revenue and expanded occupancy<\/li>\n\n\n\n<li>Building an effective online marketing presence<\/li>\n<\/ul>\n\n\n\n<p>Improvements and operational refinements resulted in an $111,000 increase in NOI within the first year; this translates into a $1,700,000 increase in value at a 6.5% cap rate. The asset will generate $260,000 of free cash flow (after debt service and expenses), which results in a 21% cash-on-cash return to investors.<\/p>\n\n\n\n<p>Think about this: this project utilized ~ $3 million in debt and ~ $1.5 million in equity. If the property is sold, the investors would enjoy over 100% return on their equity if the property were to be sold.<\/p>\n\n\n\n<p>See, it <em>is<\/em> possible to invest like Buffett in the real estate arena!<\/p>\n\n\n\n<p>Even if you\u2019re not experienced enough to pull this off, you still have options. You could find an asset type that works for you and start on the track to get that experience.<\/p>\n\n\n\n<p>Or you can partner with, or invest in, operators who have this skill and track record. That\u2019s what I do, and I\u2019m having the time of my life.<\/p>\n\n\n\n<p>You and I may never have the fame and fortune of Mr. Buffett. But as real estate investors, I truly believe we are uniquely positioned to profitably extract intrinsic value from fragmented assets. And to help our tenants and investors in the process.<\/p>\n\n\n\n<p>Now that is quite satisfying.<\/p>\n\n\n\n  <div id=\"posts_lists-block_6092cdaca9aa8\" class=\"  my-10\">\n    <div class=\"\">\n      <!-- Column One -->\n      <div>\n                  <h2 class=\"mt-0 mb-1 js-toc-ignore\">\n            Learn more investing basics          <\/h2>  \n                  \n                  <div class=\"mt-1 mb-0 text-sm mb-2 excerpt\">\n            Are you just getting started on your real estate investing journey? This section of the BiggerPockets Blog might be just the thing you are looking for then. We have hundreds of articles designed to help newer investors launch their investing careers into orbit.\r\n\r\nIf you are ready to introduce yourself to the world of real estate then check out the articles below, containing information on everything from saving up for your first purchase, finding the right agent, to screening your first tenants. If you are new to real estate investing, then these articles, written by seasoned investors with decades of experience, are just the thing you need!\r\n\r\nOh, and for more discussions and introductions from other investors that are starting out, it might be a great idea to engage in our <a href=\"https:\/\/www.biggerpockets.com\/forums\/12-starting-out\" target=\"_blank\">Starting Out Forum<\/a>. This is a welcoming place where new investors can learn and formulate strategy while receiving feedback from seasoned investors and each other.          <\/div>\n        \n                  <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/real-estate-investing-for-beginners\" class=\"no-underline text-themeBlue-medium hover:underline uppercase font-semibold text-sm\" target=\"_blank\">Investing For Beginners<\/a>\n        \n        <div class=\"grid grid-cols-1 gap-y-4 lg:gap-y-7 mt-5\">\n          \n<article \n\tid=\"post-187415\" \n\tclass=\"content-card mb-0 flex flex-col  post-187415 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate-investing-for-beginners\">\n\n\t<header class=\"entry-header\">\t\t\t\n\t\t<!-- Image -->\n        \t\t\t<a class=\"post-thumbnail\" href=\"https:\/\/www.biggerpockets.com\/blog\/passive-investing-vs-diy-rentals\" target=\"_blank\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"340\" height=\"225\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2024\/07\/managing-rental_canva-340x225.jpg\" class=\"size-card w-full  m-0 aspect-[68\/45] object-scale-down wp-post-image\" alt=\"Passive Investing vs. DIY Rentals: Which Path Builds Wealth Faster for Busy Professionals?\" title=\"\">\t\t\t<\/a>\n\t\t        \n\n\t\t<!-- Content Wrapper -->\n\t\t<div class=\"py-4 \">\t\n                            <div class=\"flex gap-4 justify-between items-center\">\n                    <!-- Category  -->\n                                            <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/real-estate-investing-for-beginners\" class=\"transition-colors bg-themeBlue\/20 text-themeBlue-medium hover:bg-themeBlue hover:text-white px-2 py-1 mb-2 inline-block rounded-sm no-underline text-sm\" target=\"_blank\">Investing For Beginners<\/a>\n                    \n                                            <span class=\"text-sm text-gray-500 hidden lg:inline-block\">7 min read<\/span>\n                                    <\/div>\n            \n           <div class=\"flex gap-3 items-center my-2 flex-nowrap text-base\">\n                <!-- Avatar and Author Name -->\n                <img decoding=\"async\" src=\"https:\/\/bp-wp-migration.s3.amazonaws.com\/author_avatars\/158586.jpg\" class=\"w-8 h-8 object-cover my-0 inline-block rounded-full\" alt=\"\" title=\"\"><span class='leading-snug text-slate-500 flex items-center'><span class='hidden whitespace-nowrap sm:inline-block md:hidden lg:inline-block pr-1'><span class='posted-on'><time class=\"entry-date published\" datetime=\"2026-04-03T07:53:56-06:00\">Apr 03, 2026<\/time><time class=\"updated\" datetime=\"2026-04-03T07:54:38-06:00\">Apr 03, 2026<\/time><\/span><\/span>&nbsp;<a href=\"https:\/\/www.biggerpockets.com\/blog\/contributors\/g-briandavis\" class=\"no-underline line-clamp-1\" target=\"_blank\">G. Brian Davis<\/a><\/span>            <\/div>\n\n            <!-- Post title -->\n\t\t\t<h2 class=\"entry-title js-toc-ignore mt-4 mb-0 text-xl leading-snug text-left\">\n\t\t\t\t<a href=\"https:\/\/www.biggerpockets.com\/blog\/passive-investing-vs-diy-rentals\" rel=\"bookmark\" class=\"whitespace-normal no-underline font-bold  text-slate visited:text-slate hover:text-themeBlue\" target=\"_blank\">\n\t\t\t\t\tPassive Investing vs. DIY Rentals: Which Path Builds Wealth Faster for Busy Professionals?\t\t\t\t<\/a>\n\t\t\t<\/h2>\n\t\t\t\n                        <p class=\"text-lg font-normal mt-3 text-slate-500 mb-1 line-clamp-3\">I\u2019ve invested both actively and passively in real estate. I owned 15 rental properties by myself and another dozen with partners. Today, I own smaller percentages in around 5,000 units.\u00a0&hellip;<\/p>\n\t\t<\/div>\n\t<\/header>\n     <footer class=\"flex justify-between mt-auto\">\n        <!-- Comment Count -->\n        \t\t<span class='flex items-center space-x-2 text-sm' x-cloak x-data='commentCount()' :class=\"parseFloat(commentCount) < 1 || commentCount == '' ? 'hidden' : 'flex'\">\n\t\t\n            <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-5 w-5 text-slate text-opacity-50\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M17 8h2a2 2 0 012 2v6a2 2 0 01-2 2h-2v4l-4-4H9a1.994 1.994 0 01-1.414-.586m0 0L11 14h4a2 2 0 002-2V6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2v4l.586-.586z\" \/>\n            <\/svg>\n\n            <span x-ref=\"comment_count\" class=\"disqus-comment-count text-slate text-opacity-80\" data-disqus-identifier=\"187415\">\n\t\t\t\t\t\t\t<\/span>\n        <\/span>\n\t    <\/footer>\n<\/article><!-- #post-187415 -->\n<article \n\tid=\"post-185796\" \n\tclass=\"content-card mb-0 flex flex-col  post-185796 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate-investing-for-beginners\">\n\n\t<header class=\"entry-header\">\t\t\t\n\t\t<!-- Image -->\n        \t\t\t<a class=\"post-thumbnail\" href=\"https:\/\/www.biggerpockets.com\/blog\/the-step-by-step-blueprint-to-financial-freedom-with-turnkey-rentals\" target=\"_blank\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"340\" height=\"225\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2025\/08\/homes_canva-8-340x225.jpg\" class=\"size-card w-full  m-0 aspect-[68\/45] object-scale-down wp-post-image\" alt=\"The Step-by-Step Blueprint to Financial Freedom With Turnkey Rentals\" title=\"\">\t\t\t<\/a>\n\t\t        \n\n\t\t<!-- Content Wrapper -->\n\t\t<div class=\"py-4 \">\t\n                            <div class=\"flex gap-4 justify-between items-center\">\n                    <!-- Category  -->\n                                            <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/real-estate-investing-for-beginners\" class=\"transition-colors bg-themeBlue\/20 text-themeBlue-medium hover:bg-themeBlue hover:text-white px-2 py-1 mb-2 inline-block rounded-sm no-underline text-sm\" target=\"_blank\">Investing For Beginners<\/a>\n                    \n                                            <span class=\"text-sm text-gray-500 hidden lg:inline-block\">6 min read<\/span>\n                                    <\/div>\n            \n           <div class=\"flex gap-3 items-center my-2 flex-nowrap text-base\">\n                <!-- Avatar and Author Name -->\n                <img decoding=\"async\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2024\/08\/cropped-garrettbrown-150x150.jpeg\" class=\"w-8 h-8 object-cover my-0 inline-block rounded-full\" alt=\"\" title=\"\"><span class='leading-snug text-slate-500 flex items-center'><span class='hidden whitespace-nowrap sm:inline-block md:hidden lg:inline-block pr-1'><span class='posted-on'><time class=\"entry-date published\" datetime=\"2025-11-24T12:54:24-07:00\">Nov 24, 2025<\/time><time class=\"updated\" datetime=\"2025-11-24T12:54:27-07:00\">Nov 24, 2025<\/time><\/span><\/span>&nbsp;<a href=\"https:\/\/www.biggerpockets.com\/blog\/contributors\/garrettbrown\" class=\"no-underline line-clamp-1\" target=\"_blank\">Garrett Brown<\/a><\/span>            <\/div>\n\n            <!-- Post title -->\n\t\t\t<h2 class=\"entry-title js-toc-ignore mt-4 mb-0 text-xl leading-snug text-left\">\n\t\t\t\t<a href=\"https:\/\/www.biggerpockets.com\/blog\/the-step-by-step-blueprint-to-financial-freedom-with-turnkey-rentals\" rel=\"bookmark\" class=\"whitespace-normal no-underline font-bold  text-slate visited:text-slate hover:text-themeBlue\" target=\"_blank\">\n\t\t\t\t\tThe Step-by-Step Blueprint to Financial Freedom With Turnkey Rentals\t\t\t\t<\/a>\n\t\t\t<\/h2>\n\t\t\t\n                        <p class=\"text-lg font-normal mt-3 text-slate-500 mb-1 line-clamp-3\">This article is presented by Rent To Retirement. Have you ever sat at your desk, glanced at your pay stub, and wondered how you\u2019ll ever build real wealth?&nbsp; You\u2019re not&hellip;<\/p>\n\t\t<\/div>\n\t<\/header>\n     <footer class=\"flex justify-between mt-auto\">\n        <!-- Comment Count -->\n        \t\t<span class='flex items-center space-x-2 text-sm' x-cloak x-data='commentCount()' :class=\"parseFloat(commentCount) < 1 || commentCount == '' ? 'hidden' : 'flex'\">\n\t\t\n            <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-5 w-5 text-slate text-opacity-50\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M17 8h2a2 2 0 012 2v6a2 2 0 01-2 2h-2v4l-4-4H9a1.994 1.994 0 01-1.414-.586m0 0L11 14h4a2 2 0 002-2V6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2v4l.586-.586z\" \/>\n            <\/svg>\n\n            <span x-ref=\"comment_count\" class=\"disqus-comment-count text-slate text-opacity-80\" data-disqus-identifier=\"185796\">\n\t\t\t\t\t\t\t<\/span>\n        <\/span>\n\t    <\/footer>\n<\/article><!-- #post-185796 -->\n<article \n\tid=\"post-184195\" \n\tclass=\"content-card mb-0 flex flex-col  post-184195 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate-investing-for-beginners\">\n\n\t<header class=\"entry-header\">\t\t\t\n\t\t<!-- Image -->\n        \t\t\t<a class=\"post-thumbnail\" href=\"https:\/\/www.biggerpockets.com\/blog\/the-real-estate-roi-blueprint-from-your-first-deal-to-financial-freedom\" target=\"_blank\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"340\" height=\"225\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2025\/06\/underwritign_canva-340x225.jpg\" class=\"size-card w-full  m-0 aspect-[68\/45] object-scale-down wp-post-image\" alt=\"The Real Estate ROI Blueprint: From Your First Deal to Financial Freedom\" title=\"\">\t\t\t<\/a>\n\t\t        \n\n\t\t<!-- Content Wrapper -->\n\t\t<div class=\"py-4 \">\t\n                            <div class=\"flex gap-4 justify-between items-center\">\n                    <!-- Category  -->\n                                            <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/real-estate-investing-for-beginners\" class=\"transition-colors bg-themeBlue\/20 text-themeBlue-medium hover:bg-themeBlue hover:text-white px-2 py-1 mb-2 inline-block rounded-sm no-underline text-sm\" target=\"_blank\">Investing For Beginners<\/a>\n                    \n                                            <span class=\"text-sm text-gray-500 hidden lg:inline-block\">4 min read<\/span>\n                                    <\/div>\n            \n           <div class=\"flex gap-3 items-center my-2 flex-nowrap text-base\">\n                <!-- Avatar and Author Name -->\n                <img decoding=\"async\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2025\/08\/cropped-Leka-Headshot-150x150.jpg\" class=\"w-8 h-8 object-cover my-0 inline-block rounded-full\" alt=\"\" title=\"\"><span class='leading-snug text-slate-500 flex items-center'><span class='hidden whitespace-nowrap sm:inline-block md:hidden lg:inline-block pr-1'><span class='posted-on'><time class=\"entry-date published\" datetime=\"2025-08-06T14:17:15-06:00\">Aug 06, 2025<\/time><time class=\"updated\" datetime=\"2025-08-06T14:17:51-06:00\">Aug 06, 2025<\/time><\/span><\/span>&nbsp;<a href=\"https:\/\/www.biggerpockets.com\/blog\/contributors\/lekadevatha\" class=\"no-underline line-clamp-1\" target=\"_blank\">Leka Devatha<\/a><\/span>            <\/div>\n\n            <!-- Post title -->\n\t\t\t<h2 class=\"entry-title js-toc-ignore mt-4 mb-0 text-xl leading-snug text-left\">\n\t\t\t\t<a href=\"https:\/\/www.biggerpockets.com\/blog\/the-real-estate-roi-blueprint-from-your-first-deal-to-financial-freedom\" rel=\"bookmark\" class=\"whitespace-normal no-underline font-bold  text-slate visited:text-slate hover:text-themeBlue\" target=\"_blank\">\n\t\t\t\t\tThe Real Estate ROI Blueprint: From Your First Deal to Financial Freedom\t\t\t\t<\/a>\n\t\t\t<\/h2>\n\t\t\t\n                        <p class=\"text-lg font-normal mt-3 text-slate-500 mb-1 line-clamp-3\">I still remember the chaos and caffeine-fueled nights of my very first deal\u2014a studs-out fix-and-flip that nearly broke me before it paid me. The house had no kitchen, no bathrooms,&hellip;<\/p>\n\t\t<\/div>\n\t<\/header>\n     <footer class=\"flex justify-between mt-auto\">\n        <!-- Comment Count -->\n        \t\t<span class='flex items-center space-x-2 text-sm' x-cloak x-data='commentCount()' :class=\"parseFloat(commentCount) < 1 || commentCount == '' ? 'hidden' : 'flex'\">\n\t\t\n            <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-5 w-5 text-slate text-opacity-50\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M17 8h2a2 2 0 012 2v6a2 2 0 01-2 2h-2v4l-4-4H9a1.994 1.994 0 01-1.414-.586m0 0L11 14h4a2 2 0 002-2V6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2v4l.586-.586z\" \/>\n            <\/svg>\n\n            <span x-ref=\"comment_count\" class=\"disqus-comment-count text-slate text-opacity-80\" data-disqus-identifier=\"184195\">\n\t\t\t\t\t\t\t<\/span>\n        <\/span>\n\t    <\/footer>\n<\/article><!-- #post-184195 -->\n<article \n\tid=\"post-183537\" \n\tclass=\"content-card mb-0 flex flex-col  post-183537 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate-investing-for-beginners\">\n\n\t<header class=\"entry-header\">\t\t\t\n\t\t<!-- Image -->\n        \t\t\t<a class=\"post-thumbnail\" href=\"https:\/\/www.biggerpockets.com\/blog\/the-real-estate-rookie-implementation-guide-how-to-restart-your-portfolio-with-small-multifamily-properties\" target=\"_blank\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"340\" height=\"225\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2024\/12\/duplex_canva-1-340x225.jpg\" class=\"size-card w-full  m-0 aspect-[68\/45] object-scale-down wp-post-image\" alt=\"The Real Estate Rookie Implementation Guide: How to Restart Your Portfolio with Small Multifamily Properties\" title=\"\">\t\t\t<\/a>\n\t\t        \n\n\t\t<!-- Content Wrapper -->\n\t\t<div class=\"py-4 \">\t\n                            <div class=\"flex gap-4 justify-between items-center\">\n                    <!-- Category  -->\n                                            <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/real-estate-investing-for-beginners\" class=\"transition-colors bg-themeBlue\/20 text-themeBlue-medium hover:bg-themeBlue hover:text-white px-2 py-1 mb-2 inline-block rounded-sm no-underline text-sm\" target=\"_blank\">Investing For Beginners<\/a>\n                    \n                                            <span class=\"text-sm text-gray-500 hidden lg:inline-block\">2 min read<\/span>\n                                    <\/div>\n            \n           <div class=\"flex gap-3 items-center my-2 flex-nowrap text-base\">\n                <!-- Avatar and Author Name -->\n                <img decoding=\"async\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/04\/cropped-Tony02-1-scaled-1-150x150.jpg\" class=\"w-8 h-8 object-cover my-0 inline-block rounded-full\" alt=\"\" title=\"\"><span class='leading-snug text-slate-500 flex items-center'><span class='hidden whitespace-nowrap sm:inline-block md:hidden lg:inline-block pr-1'><span class='posted-on'><time class=\"entry-date published\" datetime=\"2025-06-27T12:53:02-06:00\">Jun 27, 2025<\/time><time class=\"updated\" datetime=\"2025-06-27T13:03:09-06:00\">Jun 27, 2025<\/time><\/span><\/span>&nbsp;<a href=\"https:\/\/www.biggerpockets.com\/blog\/contributors\/tonyrobinson\" class=\"no-underline line-clamp-1\" target=\"_blank\">Tony Robinson<\/a><\/span>            <\/div>\n\n            <!-- Post title -->\n\t\t\t<h2 class=\"entry-title js-toc-ignore mt-4 mb-0 text-xl leading-snug text-left\">\n\t\t\t\t<a href=\"https:\/\/www.biggerpockets.com\/blog\/the-real-estate-rookie-implementation-guide-how-to-restart-your-portfolio-with-small-multifamily-properties\" rel=\"bookmark\" class=\"whitespace-normal no-underline font-bold  text-slate visited:text-slate hover:text-themeBlue\" target=\"_blank\">\n\t\t\t\t\tThe Real Estate Rookie Implementation Guide: How to Restart Your Portfolio with Small Multifamily Properties\t\t\t\t<\/a>\n\t\t\t<\/h2>\n\t\t\t\n                        <p class=\"text-lg font-normal mt-3 text-slate-500 mb-1 line-clamp-3\">This implementation guide is based on episode 555 of the Real Estate Rookie Podcast, where Ashley shared exactly how she would start building a real estate portfolio from scratch today&hellip;<\/p>\n\t\t<\/div>\n\t<\/header>\n     <footer class=\"flex justify-between mt-auto\">\n        <!-- Comment Count -->\n        \t\t<span class='flex items-center space-x-2 text-sm' x-cloak x-data='commentCount()' :class=\"parseFloat(commentCount) < 1 || commentCount == '' ? 'hidden' : 'flex'\">\n\t\t\n            <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-5 w-5 text-slate text-opacity-50\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M17 8h2a2 2 0 012 2v6a2 2 0 01-2 2h-2v4l-4-4H9a1.994 1.994 0 01-1.414-.586m0 0L11 14h4a2 2 0 002-2V6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2v4l.586-.586z\" \/>\n            <\/svg>\n\n            <span x-ref=\"comment_count\" class=\"disqus-comment-count text-slate text-opacity-80\" data-disqus-identifier=\"183537\">\n\t\t\t\t\t\t\t<\/span>\n        <\/span>\n\t    <\/footer>\n<\/article><!-- #post-183537 -->        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n\n  ","protected":false},"excerpt":{"rendered":"<p>As real estate investors, we are uniquely positioned to profitably extract intrinsic value from fragmented assets\u2014and help our tenants and investors in the process. Here&#8217;s how to invest like Buffett.<\/p>\n","protected":false},"author":214608,"featured_media":137972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7119,5524],"tags":[7205,7209,7229,7230],"class_list":["post-137933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-daily","category-real-estate-investing-for-beginners","tag-basics","tag-newbies-advice","tag-real-estate-investing-basics","tag-rookie-comm"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/137933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/214608"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=137933"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/137933\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/137972"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=137933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=137933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=137933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}