BiggerPockets Podcast 247: How to Buy Your First (or Next) Property by the End of the Year [The 90-Day Challenge!]

by | BiggerPockets.com

Today’s podcast is unlike anything you’ve heard before. Today, we’re not interviewing anyone. Instead, we’re going to motivate, educate, and inspire you to take some MASSIVE ACTION and sprint to the end of the year!

Why 90 days?

Because the end of 2017 is just three months away, and we know that many of you had some big goals you wanted to accomplish by the end of the year—but you are falling behind. Or maybe you’ve crushed your goals and you are ready to up the ante to hit an even higher goal.

On this podcast, you are going to discover :

  • Why the next three months are the best time of the year to buy real estate
  • How to build a step-by-step plan (including daily action steps) to accomplish your goal
  • How to build a lead funnel that will generate consistent leads for your business
  • And much more.

This episode is an invitation to join thousands of others in the BiggerPockets community to take the “90 Day Challenge,” a three-month sprint to hit your 2017 goals. This episode is unlike anything we’ve done before—and we think you’re going to love it. Amateur-hour is over. It’s time to take massive action.

Click here to listen on iTunes.

Listen to the Podcast Here

Watch the Podcast Here

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thanks! We really appreciate it!

This Show Sponsored By

patchoflandWe just wanted to give a shout out to our podcast sponsor on today’s show: Patch of Land. Patch of Land is a Peer-to-Real-Estate (“P2RE”) lending marketplace that matches accredited and institutional investors seeking high-yield, short-term, asset-collateralized investments to borrowers seeking more timely and consistent sources of funding for rehabbing properties across America.

Learn more by visiting Patch of Land!

Fire Round Sponsor

Equity TrustEquity Trust is a financial services company that enables individual investors to diversify investment portfolios through alternative asset classes, including real estate, tax liens, private equity and precious metals.

Get your free 10 Ways to Partner on a Deal with Your IRA Checklist: trustetc.com/bp3

Join the The Self-Directed IRA Summit: info.trustetc.com/summit

In This Episode We Cover:

  • 4 powerful reasons why Q4 is the best time to buy real estate… but only
    if you do this one thing
  • Create a goal for the end of 2017 … and we’ll build a week-by-week, dayby-day
    plan to get there
  • Learn how to build a real estate funnel that delivers leads on autopilot
  • Discover how BiggerPockets can propel you to greater success, faster
  • And SO much more!

Links from the Show

Books Mentioned in this Show

Tweetable Topics:

  • “Life doesn’t get better by chance. It gets better by change.” (Tweet This!)
  • “A goal without a plan is just a wish.” (Tweet This!)
  • “Every property has a ‘home run number.'” (Tweet This!)

90 Day Challenge Workbook

90 Day Challenge Workbook

 

 

 

 

 

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 1500,000 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!

19 Comments

  1. Don Spafford

    Nice! I followed the 90 day challenge given at the beginning of the year in one of the webinars which led me to my first rental, a 4 plex which cash flows nicely. I’ve been hunting for my next one ever since. Now I’ll have to double up my efforts. Thanks Brandon!

  2. Olu Ray

    Hi Brandon,

    Thanks for yesterday’s webinar. It was awesome. You briefly mentioned that your multi-unit’s sale and the 1031 exchange process is in a blog here in BP. Please send me the link.

    Can you also send me the link to your phone script and the letter you send to homeowners?

    Thanks,

  3. Scott McMillan

    I was hoping you could talk about how you structured your daughters 4plex. Is her name on the title or is it just yours. I have a new born myself and had been planning on doing something similar and was excited when I heard you are because people doubted my idea pushing me towards a 529 plan.

    Does having anything in her name effect student loan/fafsa eligibilty or are you hoping to avoid any of that with just paying straight cash for any education expenses. Are you planing to sell it or cash out refi?

    Thanks!

  4. Dan Cotter

    Thanks Brandon, I needed a good kick in the pants! Upgraded to Plus membership. Time to hit it!

    By the way… Quicktip idea for the Podcast: aspiring house hackers should check out if any homebuying incentives are offered in their area. (Try the local development authority, housing authority, and state housing finance agency.) In my area, even if you have a pretty solid middle class income, you can save $5, $10, even $20K on your downpayment because the government wants to encourage homeownership and will literally give you free money. However, if you save up too much or wait until you’re earning more, you may no longer qualify!

  5. Rachel Bjorklund

    Great podcast! I get that this is a great time to buy price-wise, but what about finding renters for rental properties? How likely is it that you will have a longer upfront vacancy period since less people move around the holidays/during winter? Unless you are in a really strong rental market with high demand year-round, it seems like you should at least be prepared to use more cash reserves upfront. I’d love to hear the perspective of experienced investors.

  6. Zoeimy Floyd

    Brandon, your Rosie story hit me in the core! That’s my BIG Why! Thank you!
    Looking forward to being a guest in the future. Starting from scratch so its going to be a little while… but women interviews are the minority in BP Podcasts so it’s one of my goals so Remember my name! well its not like you’re going to forget seeing it… it’s kind of unique. 🙂

    Anyway, again Thanks for sharing your personal stuff that can truly connect with others personally and therefore truly motivate.
    God bless you ~ Zoeimy

  7. Raymond Northcutt

    Well done, Brandon. You officially kicked my *** into gear! I listened to this podcast while driving to Atlanta, taking notes with a pen and paper while driving in I-75 traffic haha… but it definitely worked! Completed my first 2 deals earlier this year, listened to the podcast, and decided to land one more by the end of the year. Well guess what, as of today, I’ve closed on TWO deals since listening to your podcast. 4 deals in the first year ever investing, and the last one is seller financing! I’m stoked! Thank you so much for teaching and guiding me and the rest of the BP members, Bigger Pockets is amazing and really helps make financial independence much easier to achieve.

    Merry Christmas and a Happy New Year to you and everybody else reading this!

    Ray

Leave A Reply

Pair a profile with your post!

Create a Free Account

Or,


Log In Here