99: 3 Personal Finance Bloggers & Their First Real Estate Investment with Scott, Lauren, and Philip

Today on the BiggerPockets Podcast we’re excited to bring you another “newbie podcast” with 3 new real estate investors who are excited to share with you the story of their very first real estate deal! This episode we are talking with three investors who share a common trait: they all have a deep understanding of personal finance and it’s role in the real estate investing space and write about it online! Today you’ll hear from Scott Trench, Lauren Bowling, and Philip Taylor 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 numerous other topics so, without further suspense, let’s get to the show! In This Show We Cover: How to find deals in a hot market Finding and working with a great agent Down payments: how much is really needed? Three different “house hacking” methods (one from each guest!) Using government programs to finance properties Wrapping repairs into the loan and creating immediate equity The one rule you need when renting to family or friends How to thrive when your home is worth less than you paid for it Doing your own work vs. hiring it out How to cash flow your property and save on taxes at the same time The #1 personal finance tip from each guest Plus MUCH more! Links From The Show: BiggerPockets Ad Sales Confessions of an Ex-Banker: How to Get Your Next Loan Approved, Guaranteed. Books Mentioned in the Show Four Hour Workweek by Timothy Ferriss Rich Dad Poor Dad by Robert Kiyosaki The Richest Man in Babylon by George S. Clason The Millionaire Next Door by Thomas J. Stanley The Millionaire Real Estate Investor by Gary Keller Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down BiggerPockets’ Ultimate Beginner’s Guide to Real Estate Investing Overwhelmed: Work, Love, and Play When No One Has the Time by Brigid Schulte The Skinny on Real Estate Investing: An Introduction to the Subject by Jim Randel The E-Myth : Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime by MJ DeMarco Connect with Scott Scott’s BiggerPockets Profile Connect with Lauren Lauren’s Blog – LBeeAndTheMoneyTree.com Lauren’s Twitter Lauren’s Instagram Awkward Money Chat Connect with Philip Philip’s Blog – PTMoney.com Philip’s Blog detailed post about his cash flow report on his rental Philip’s Twitter FinconExpo Learn more about your ad choices. Visit megaphone.fm/adchoices