BP Podcast 090: My First Real Estate Investment – A Newbie Podcast With Matt, Romeo and KC


Don’t miss this special feature, as we come to you live from FinCon 2014 for Podcast 90!

In a BiggerPockets Podcast first, we sit down and chat live with financial conference attendees Matt Giovanisci from New Jersey, Romeo Jeremiah from Detroit and KC Beavers from Rochester, NY, three real estate investor newbies with fascinating stories and great tips for beginning investors and veterans alike! Hear from “accidental landlords” — a growing breed of property owners — firsthand, and let yourself be regaled by tales proving that first time investors CAN achieve success from the get go. A unique and high energy recording, this is one episode you’ll definitely want to tune in for!

Read the Transcript

Click here to read the transcript.

Listen to The Show on iTunes

Click here to listen on iTunes.

Listen to the Podcast Here


99designsWe just wanted to give a shout out to our podcast guest on today’s show: 99Designs.com. 99Designs is an awesome design service that will help your business look more professional, by crowd sourcing business cards, website designs, and more (for an incredibly reasonable price!).

Get a $99 Power Pack FREE by visiting 99designs.com/biggerpockets!  So definitely check ’em out!

Links from the Show:

In This Show We Cover:

  • Getting stuck with a property during the economic downtown
  • The decision to rent by default, ie. the “Accidental Landlord” situation
  • The art of staging a space to rent it out fast
  • What exactly a “Streamline Refinance” entails
  • The pros and cons of renting from afar
  • Why finding a (trusted) property manager can be crucial
  • The simple way to fix a garbage disposal you may not know
  • A great first-time house flip success story
  • How to start out with a 24-unit apartment building
  • The concept of “Forced Appreciation”
  • Wealth creation vs. wealth preservation
  • The importance of thoroughly vetting tenants
  • The ins and outs of using Real Estate to diversify your portfolio
  • How to get a loan on a commercial property
  • And so much more!

Books Mentioned in the Show

Tweetable Topics

“You can never learn enough about this [industry].” (Tweet This!)

“Just take action, just go for it…but make sure it was a risk worth taking.” (Tweet This!)

“There’s not going to be a single path for someone to take.” (Tweet This!)

Connect with Matt

Connect with Romeo

Connect with KC

About Author

Thanks for checking out the BiggerPockets Real Estate Investing & Wealth Building Podcast. Hosts Joshua Dorkin & Brandon Turner strive to bring top-notch educational content and interviews to our listeners -- without the non-stop pitch prevalent around the industry. With over 80,000 listeners per show, the BiggerPockets Podcast has become the biggest real estate podcast in the world. But don’t take our word for it. We’re the top-rated and reviewed real estate show on iTunes — check it out, read the reviews on iTunes, and get busy listening and learning!


  1. Ideal Investments (Realty) is a “turn key” realty company in the Charlotte, NC market.

    It’s ran by a great couple, Kris and Natalie. They can not only manage your flips, they can help you find properties, run market analysis for your properties, and find a property manager for you.

    They treated me really well. I highly recommend you give their office a call if you think a “turnkey” real estate solution is something useful.

    The office line phone number is 704-658-0381.

    Hope this helps!

  2. Brandon, I want to thank for making the rest of feel less stupid. The story about the red button on the garbage disposal was precious. In all seriousness, it goes to illustrate that you don’t have to get everything right from the start to make some money in RE.

  3. Thank you for this!
    I am nearly in the same exact place as Matt Giovanisci, but it was a divorce that put me into Accidental Landlord land about four years after we split up.
    Like Matt, I am not cash -flow positive. (-$187 a month)
    I do not see my current rental as an investment, but rather by renting it out I am reducing my expenses by about $1,000 a month. This allows me to save and plan for my next, or first true investment.
    This podcast really spoke to me and I’m going to share it with all my fellow “Accidental Landlords”.

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