59: Mastering Multiple Real Estate Investing Niches and Getting Started with Paul Tschetter | Bigger Pockets Podcast
Most of the guests we’ve had on the BiggerPockets Podcast have specialized in one niche of real estate.
However, not all real estate investors focus on just one field.
Today we want to shake things up a bit and introduce you to a relatively new investor who took 10 years to get his first deal… but has been on fire ever since engaging in numerous different real estate niches and crushing it in his business. Paul Tschetter, an investor from Washington State, shares his diversified real estate strategies and explains how we went from nothing to over a dozen deals in the past several years. From manufactured homes to vacation rentals, commercial, and more- there are an unbelievable amount of great actionable tips in today’s show. Definitely don’t miss a second of this motivation and insightful conversation!
In This Show, We Cover:
Getting started by working a job in real estate
Why Paul started investing with a free manufactured home
How much Paul pays for handymen
How to get infinite returns with your investments
Using Hard Money to invest in real estate
Working with partners to invest
Attracting private money
Working with multiple exit strategies to minimize risk
How to invest when you live in a big area
Paul’s vacation rental on “Useless Bay”
Tips for getting your first deal
The worst financial advice Paul has ever heard
And a lot more!
Links from the Show
How I Found, Analyzed, and Bought an Ugly Purple Rental Property by Brandon Turner
Redfin.com
VRBO
Books Mentioned in the Show
The ABCs of Real Estate by Ken McElroy
Think and Grow Rich by Napoleon Hill
Tweetable Topics
“As an investor, you need to be extremely disciplined.” (Tweet This!)
“Different locations are good for different investment strategies.” (Tweet This!)
“At some point – you have to just pull the trigger and just jump in and do it.” (Tweet This!)
Connect with Paul
Paul’s BiggerPockets Profile
Paul’s Website link
Learn more about your ad choices. Visit megaphone.fm/adchoices
