{"id":67930,"date":"2014-12-04T00:01:19","date_gmt":"2014-12-04T07:01:19","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=67930"},"modified":"2023-04-12T05:58:40","modified_gmt":"2023-04-12T11:58:40","slug":"2014-12-04-personal-finance-real-estate-investment","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/2014-12-04-personal-finance-real-estate-investment","title":{"rendered":"3 Personal Finance Bloggers &#038; Their First Real Estate Investment with Scott, Lauren, and Philip"},"content":{"rendered":"<p>Today on the <a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>BiggerPockets Podcast<\/strong><\/a> we&#8217;re excited to bring you another &#8220;newbie podcast&#8221; with 3 new real estate investors who are excited to share with you the story of their very first real estate deal! \u00a0This episode we are talking with three investors who share a common trait: they all have a deep understanding of personal finance and it&#8217;s role in the real estate investing space and write about it online!<\/p>\n<p>Today you&#8217;ll hear from <strong>Scott Trench<\/strong>, <strong>Lauren Bowling<\/strong>, and <strong>Philip Taylor<\/strong> as they share how they found their first deal, financed it, manage it, and more. We cover everything from house hacking to creative finance, dealing with fear, and\u00a0numerous other topics so, without further suspense, let&#8217;s get to the show!<\/p>\n<h2>Read the Transcript<\/h2>\n<p><a href=\"https:\/\/www.biggerpockets.com\/bpp99-scott-lauren-philip-podcast-transcript-personal-finance-bloggers-first-investment\" target=\"_blank\">Click here<\/a> to read the transcript.<\/p>\n<h2>Listen to The Show on iTunes<\/h2>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC2485686460&amp;light=false\" width=\"100%\" height=\"200\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h2>Help Us Out!<\/h2>\n<p>Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found <a href=\"https:\/\/www.biggerpockets.com\/forums\/25\/topics\/161423-do-you-listen-to-the-bp-podcast\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>. Thanks! We really appreciate it!<\/p>\n<h2>Sponsor<\/h2>\n<p>We just wa<img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-66280\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2014\/11\/RealtyShares.png\" alt=\"RealtyShares\" width=\"283\" height=\"60\" title=\"\">nted to give a shout out to our podcast sponsor\u00a0on today\u2019s show:<strong> RealtyShares<\/strong>. RealtyShares is a crowdfunding platform that allows you to invest in professionally managed properties without leaving your living room!<\/p>\n<p>Learn more by visiting\u00a0<a href=\"http:\/\/www.RealtyShares.com\/biggerpockets\" target=\"_blank\" rel=\"noopener noreferrer\">RealtyShares.com\/biggerpockets<\/a>!<\/p>\n<h2>In This Show We Cover:<\/h2>\n<ul>\n<li>How to find deals in a <strong>hot market<a href=\"https:\/\/www.biggerpockets.com\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-41804\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2013\/04\/BiggerPockets-Podcast-Cover-300-300.jpeg\" alt=\"BiggerPockets-Podcast-Cover 300 300\" width=\"150\" height=\"150\" title=\"\"><\/a><\/strong><\/li>\n<li>Finding and working with a <strong>great agent<\/strong><\/li>\n<li><strong>Down payments<\/strong>: how much is really needed?<\/li>\n<li>Three different &#8220;<strong>house hacking<\/strong>&#8221; methods (one from each guest!)<\/li>\n<li>Using government programs to <strong>finance properties<\/strong><\/li>\n<li>Wrapping <strong>repairs<\/strong> into the loan and creating <strong>immediate equity<\/strong><\/li>\n<li>The <strong>one rule<\/strong> you need when <strong>renting to family or friends<\/strong><\/li>\n<li>How to thrive when your home is <strong>worth less than you paid for it<\/strong><\/li>\n<li>Doing your <strong>own work<\/strong> vs. hiring it out<\/li>\n<li>How to <strong>cash flow<\/strong> your property and <strong>save on taxes<\/strong> at the same time<\/li>\n<li>The <strong>#1 personal finance tip<\/strong> from each guest<\/li>\n<li>Plus MUCH more!<\/li>\n<\/ul>\n<h2>Links From The Show:<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/advertise\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Ad Sales<\/a><\/li>\n<li><a href=\"\/renewsblog\/2014\/11\/29\/get-loan-approved\/\" target=\"_blank\">Confessions of an Ex-Banker: How to Get Your Next Loan Approved, Guaranteed.<\/a><\/li>\n<\/ul>\n<h2>Books Mentioned in the Show<\/h2>\n<ul>\n<li><a href=\"http:\/\/amzn.to\/29X2JU7\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Four Hour Workweek<\/em><\/a> by Timothy Ferriss<\/li>\n<li><a href=\"http:\/\/amzn.to\/2a9oIeb\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Rich Dad Poor Dad<\/em><\/a> by Robert Kiyosaki<\/li>\n<li><a href=\"http:\/\/amzn.to\/2aRxZ8X\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Richest Man in Babylon<\/em><\/a> by\u00a0George S. Clason<\/li>\n<li><a href=\"http:\/\/amzn.to\/2aDSTfu\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Millionaire Next Door<\/em><\/a> by\u00a0Thomas J. Stanley<\/li>\n<li><a href=\"http:\/\/amzn.to\/2a4jukS\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Millionaire Real Estate Investor<\/em><\/a> by Gary Keller<\/li>\n<li>Brandon Turner&#8217;s\u00a0<em><a href=\"https:\/\/get.biggerpockets.com\/nomoneydown\/\" target=\"_blank\">The Book on Investing in Real Estate with No (and Low) Money Down<\/a><\/em><\/li>\n<li>BiggerPockets&#8217; <a href=\"https:\/\/www.biggerpockets.com\/real-estate-investing\" target=\"_blank\"><em>Ultimate Beginner&#8217;s Guide to Real Estate Investing<\/em><\/a><\/li>\n<li><a href=\"http:\/\/amzn.to\/2aRySOV\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Overwhelmed: Work, Love, and Play When No One Has the Time<\/em><\/a> by\u00a0Brigid Schulte<\/li>\n<li><a href=\"http:\/\/amzn.to\/2aRxJqz\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Skinny on Real Estate Investing: An Introduction to the Subject<\/em><\/a> by Jim Randel<\/li>\n<li><em><a href=\"http:\/\/amzn.to\/2an5sZr\" target=\"_blank\" rel=\"noopener noreferrer\">The E-Myth : Why Most Small Businesses Don&#8217;t Work and What to Do About It<\/a>\u00a0<\/em>by\u00a0Michael E. Gerber<\/li>\n<li><a href=\"http:\/\/amzn.to\/2abw0L6\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime<\/em><\/a> by\u00a0MJ DeMarco<\/li>\n<\/ul>\n<h2>Connect with Scott<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/ScottTrench\" target=\"_blank\">Scott&#8217;s BiggerPockets Profile<\/a><\/li>\n<\/ul>\n<h2>Connect with Lauren<\/h2>\n<ul>\n<li>Lauren&#8217;s Blog &#8211; <a href=\"http:\/\/www.LBeeAndTheMoneyTree.com\" target=\"_blank\" rel=\"noopener noreferrer\">LBeeAndTheMoneyTree.com<\/a><\/li>\n<li><a href=\"https:\/\/twitter.com\/@lbeemoneytree\" target=\"_blank\" rel=\"noopener noreferrer\">Lauren&#8217;s Twitter<\/a><\/li>\n<li><a href=\"http:\/\/www.instagram.com\/lbeemoneytree\" target=\"_blank\" rel=\"noopener noreferrer\">Lauren&#8217;s Instagram<\/a><\/li>\n<li><a href=\"http:\/\/www.lbeeandthemoneytree.com\/category\/series\/awkward-money-chat\/\" target=\"_blank\" rel=\"noopener noreferrer\">Awkward Money Chat<\/a><\/li>\n<\/ul>\n<h2>Connect with Philip<\/h2>\n<ul>\n<li>Philip&#8217;s Blog &#8211; <a href=\"http:\/\/www.ptmoney.com\" target=\"_blank\" rel=\"noopener noreferrer\">PTMoney.com<\/a><\/li>\n<li>Philip&#8217;s Blog detailed post about his <a href=\"http:\/\/ptmoney.com\/rental-property-cash-flow-report\/\" target=\"_blank\" rel=\"noopener noreferrer\">cash flow report<\/a>\u00a0on his rental<\/li>\n<li><a href=\"https:\/\/twitter.com\/ptmoney\" target=\"_blank\" rel=\"noopener noreferrer\">Philip&#8217;s Twitter<\/a><\/li>\n<li><a href=\"http:\/\/finconexpo.com\" target=\"_blank\" rel=\"noopener noreferrer\">FinconExpo<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Today on the BiggerPockets Podcast we&#8217;re excited to bring you another &#8220;newbie podcast&#8221; with 3 new real estate investors who are excited to share with you the story of their [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":119304,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-67930","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\/67930","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=67930"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/67930\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/119304"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=67930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=67930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=67930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}