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Why The “Right Way” to Invest in Real Estate is Wrong

If you want to invest in real estate, you’re probably taking a safe, slow approach to building a rental property portfolio. As a real estate rookie, people tell you that the safest way to invest is to get good at one thing while keeping a distance from doing deals outside your comfort zone. While this type of advice isn’t wrong for everyone, it may miss the mark for some.

Investors like Marjorie Patton have found ways to dramatically diversify themselves in the world of real estate, without their losing shirts. Marjorie is the head of sales for a financial technology firm by day and a real estate investor, house hacker, flipper, and private money lender by night. With some rather unexpected renovation costs on her first property (and with no safety reserve), Marjorie was forced to learn real estate investing on the fly.

Fast forward to today, Marjorie has a seven-door portfolio in the expensive Denver, Colorado area. She’s grown quickly and has seen healthy profits, but has no need to quit her W2. Instead, she’s going to creatively parlay any deal that comes across her desk so she can build wealth while continuing to work somewhere she loves.

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Episode 602

Show notes at: https://www.biggerpockets.com/blog/real-estate-602?utm_source=youtube&utm_medium=description&utm_campaign=none

00:00 Intro
03:09 Quick Tip
04:05 Flips, Rentals, Lending, and More!
07:52 The “Right” Way to Buy Real Estate
18:23 Turning Mistakes into Investing Confidence
25:38 When Is the Right Time to Quit Your W2?
37:14 Choosing Your Strategy and Private Lending
46:01 Six-Figure Flip Profits
54:58 Deal Deep Dive
01:05:56 Famous Four

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