{"id":46713,"date":"2013-08-08T00:20:07","date_gmt":"2013-08-08T06:20:07","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=46713"},"modified":"2023-04-10T19:12:06","modified_gmt":"2023-04-11T01:12:06","slug":"2013-08-08-bp-podcast-030-conservative-real-estate-investing-estes","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/2013-08-08-bp-podcast-030-conservative-real-estate-investing-estes","title":{"rendered":"Conservative Real Estate Investing and Starting Out with Kenny Estes"},"content":{"rendered":"<p>Today on the BiggerPockets Podcast we want to share an interview with someone who runs his investment business in a unique but powerful way &#8211; and it&#8217;s sure to both inform and entertain you. On today&#8217;s episode, we sit down with real estate investor <strong>Kenny Estes<\/strong> and chat about investing in rural America, funding deals through private money, building a team, and &#8220;going big&#8221; with a bold exit strategy. Join us today for a really awesome interview and one of the highest caliber conversations we&#8217;ve ever had (and one of the largest debates as well!)<\/p>\n<p><a href=\"https:\/\/www.biggerpockets.com\/bpp30-kenny-estes-podcast-transcript-conservative-investing-starting-out\" target=\"_blank\">Read the transcript to episode 30 with Kenny Estes here<\/a>.<\/p>\n<h2>Listen to The Show on iTunes (Preferred Method!)<\/h2>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a> to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" src=\"https:\/\/playlist.megaphone.fm\/?e=BIGPOC4967927174\" width=\"100%\" height=\"200\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h2>In This Show, We Cover<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-43638\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2013\/05\/BiggerPockets-Podcast-_-Real-Estate-Investing-and-Wealth-Building-9.42.11-AM1.jpg\" alt=\"BiggerPockets Podcast _ Real Estate Investing and Wealth Building 9.42.11 AM\" width=\"150\" height=\"150\" title=\"\"><\/p>\n<ul>\n<li>How Kenny <strong>started investing<\/strong> at 18 years old &#8211; while still in college.<\/li>\n<li>The <strong>early mistakes<\/strong> that Kenny is still digging out from<\/li>\n<li>The &#8220;<strong>Cab Driver Metric<\/strong>&#8221; in Real Estate Investing<\/li>\n<li>Why &#8220;no money down&#8221; is <strong>dangerous<\/strong><\/li>\n<li>How to &#8220;<strong>stress test<\/strong>&#8221; a real estate deal<\/li>\n<li>How Kenny found his initial <strong>private investors<\/strong><\/li>\n<li>The <strong>debate<\/strong> between &#8220;Invest Yourself&#8221; or &#8220;Invest with Others&#8221;<\/li>\n<li>Kenny&#8217;s <strong>real estate team<\/strong> &#8211; and how he built it<\/li>\n<li>Finding and dealing with <strong>contractors<\/strong><\/li>\n<li>Kenny&#8217;s &#8220;<strong>bold<\/strong>&#8221; <strong>exit strategy<\/strong> plan<\/li>\n<\/ul>\n<h2>Links from the Show<\/h2>\n<p><a href=\"https:\/\/www.biggerpockets.com\/flip-analysis\" target=\"_blank\" rel=\"noopener noreferrer\">The House Flipping Calculator<\/a><br \/>\n<a title=\"Real Estate vs Stocks: Which is Better? (You Might Be Surprised\u2026)\" href=\"\/renewsblog\/2013\/07\/17\/real-estate-vs-stocks\/\" target=\"_blank\" rel=\"noopener noreferrer\">Are Stocks Better than Real Estate?<\/a> Post by Kenny Estes<br \/>\n&#8220;<a title=\"\u201cBoring\u201d Can Be Sexy When Investing in Real Estate\" href=\"\/renewsblog\/2013\/08\/06\/boring-can-be-sexy-when-investing-in-real-estate\/\" target=\"_blank\" rel=\"noopener noreferrer\">Boring can be Sexy when Investing in Real Estate<\/a>&#8221; post by Ben Leybovich<br \/>\n<a href=\"https:\/\/www.biggerpockets.com\/real-estate-investing\" target=\"_blank\" rel=\"noopener noreferrer\">Ultimate Beginner&#8217;s Guide to Real Estate Investing<\/a> &#8211; Free eBook<br \/>\n<a href=\"http:\/\/www.amazon.com\/s\/ref=nb_sb_noss?url=search-alias%3Daps&amp;field-keywords=CashFlow%20Board%20Game\" target=\"_blank\" rel=\"noopener noreferrer\">CashFlow Board Game<\/a><\/p>\n<h2>Books Mentioned in the Show<\/h2>\n<p><a href=\"http:\/\/amzn.to\/2a2zORP\" target=\"_blank\" rel=\"noopener\">Rich Dad Poor Dad<\/a> by Robert Kiyosaki<br \/>\n<a href=\"http:\/\/amzn.to\/29UvaCb\" target=\"_blank\" rel=\"noopener\">Investing in Real Estate<\/a> &#8211; Gary Eldred<br \/>\n<a href=\"http:\/\/amzn.to\/2a2A970\" target=\"_blank\" rel=\"noopener\">On China<\/a> &#8211; Kissinger<\/p>\n<h2>Tweetable Topics<\/h2>\n<blockquote><p>Be very cognizant of your risk threshold and do it very conservatively. (<a href=\"http:\/\/clicktotweet.com\/2s4c1\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/p><\/blockquote>\n<blockquote><p>Private investors are people you know. (<a href=\"http:\/\/clicktotweet.com\/36T40\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/p><\/blockquote>\n<blockquote><p>Invest simply, do it conservatively, do it for the long haul. (<a href=\"http:\/\/clicktotweet.com\/HZFK1\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/p><\/blockquote>\n<h2>Connect with Kenny<\/h2>\n<p>Kenny&#8217;s <a href=\"https:\/\/www.biggerpockets.com\/users\/peartreekenny\" target=\"_blank\">BiggerPockets Profile<\/a><br \/>\nKenny&#8217;s Blog &#8211; <a href=\"http:\/\/www.peartreeproperty.com\/blog\" target=\"_blank\" rel=\"noopener\">PearTreeProperty.com\/Blog<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today on the BiggerPockets Podcast we want to share an interview with someone who runs his investment business in a unique but powerful way &#8211; and it&#8217;s sure to both [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":119685,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-46713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/46713","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\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=46713"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/46713\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/119685"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=46713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=46713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=46713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}