167: 0 to 25 Units in Your First Year (Part-Time!) with Kevin Wood | Bigger Pockets Podcast
People have a lot of excuses about why they aren’t’ investing in real estate. “I work too much.” “I live in an expensive area.” “I don’t know enough.” But on today’s show, we sit down with a BiggerPockets member who is absolutely crushing it — despite a full-time job, living in Silicon Valley, and being brand-new to real estate. You’ll learn how Kevin Wood has managed to go from zero to twenty-five deals in under a year, largely using networking on BiggerPockets to make it happen. You’ll be inspired, motivated, and educated to get off the bench and jump into the game!
In This Episode We Cover:
How Kevin went from 0 to 25 units in less than a year
How to overcome the fear of buying that first deal
How BiggerPockets helped Kevin focus on his investing
The “condo mistake” Kevin almost made for his first deal
How to have a competitive advantage
Tips for approaching other investors
Why (and how) Kevin bought five houses at once for his first deal
The logistics of buying five properties at once as a newbie
How to know if you’re buying a good deal or not
The benefits of analyzing 100 deals
Investing in stocks vs. real estate
How to make a good partnership
Tips on working with partners — the good, bad, and ugly
How to introduce yourself on BiggerPockets
How Kevin got a $200,000 discount on his 6-plex
The 14-unit turnaround — and the drama associated with it
How to work with a designer to get the best look for a unit
A discussion on contractors and how to find them
How to manage a multifamily complex
The caveats associated with big fixer-upper deals
Tips on going for package deals
The genius negotiating strategy Kevin uses to get incredible deals
And SO much more!
Links from the Show
BiggerPockets is hiring!
BiggerPockets’ Twitter
Mail BiggerPockets Support
Real Estate Deal Analysis and Advice Forum Category
BiggerPockets Calculators
BiggerPockets Forums
BiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian Burke
BP Podcast 076: Growing Your Real Estate Company Into a $30 Million Dollar Business with Brian Burke
BP Podcast 152: Building Wealth and Passive Income with Rental Properties with Ben Leybovich, Brian Burke, and Serge Shukhat
BiggerPockets Webinar
Keyword Alerts
Rob Regan’s Website
BP Podcast 077: Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael Quarles
Sharon Tzib’s Profile
Before and After Images
Before
After Rehab
Books Mentioned in this Show
Rich Dad Poor Dad by Robert Kiyosaki
Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
Investing in Apartment Buildings by Matthew Martinez
The Millionaire Real Estate Investor by Gary Keller
The 4-Hour Workweek by Timothy Ferriss
The One Thing by Gary Keller and Jay Papasan
Tweetable Topics:
“Once you have that first deal, you suddenly become more legitimate.” (Tweet This!)
“Once the number makes sense, then we do everything we can to find the yes.” (Tweet This!)
“Never compromise in your returns.” (Tweet This!)
Connect with Kevin
Kevin’s BiggerPockets Profile
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