Give Up On “Mailbox Money”...Real Estate Investing Has Changed

Support the relief efforts for the Maui wildfires by donating to the organizations below or clicking here. Together, we can make a difference for those affected by this tragic event:

HAWAI‘I COMMUNITY FOUNDATION: https://www.hawaiicommunityfoundation.org/maui-strong

MAUI UNITED WAY: https://mauiunitedway.org/

MAUI FOOD BANK: https://mauifoodbank.org/

MAUI HUMANE SOCIETY: https://www.mauihumanesociety.org/

RED CROSS: https://www.redcross.org/local/hawaii.html

_____

Episode #804

Real estate investing isn’t what it used to be. Back in 2010, in a post-crash housing market, almost any property in any area could cash flow easily. Back then, the question wasn’t “Where are the deals?” It was “Which deal should I buy?” But things have changed, and now in 2023, homes are hard to purchase, let alone cash flow, and more and more real estate investors are giving up simply because they don’t know the new rules of the game. So, here’s what you NEED to know.

Before we unlock every wealth-building secret in the book, let’s welcome back Danny Zapata, Philip Hernandez, and Wendy St. Clair, our recent mentees of the ninety-day mentorship! We brought them back on the show to talk about deals they’ve done, the progress they’ve made, and where they’ve fallen off track. One mentee left their job, another is handling headache evictions, and one had to put a pause on real estate. But now, they’re ALL ready to expand their empires, but they’ll need some advice first.

In this episode, David and Rob show you how to get more real estate deals TODAY, why you’re doing meetups all wrong, the reality of cash flow and why “mailbox money” isn’t what it used to be, and what to do when you CAN’T find the momentum to keep growing your wealth.

~~~~
Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media
~~~~
Expand Your Investing Knowledge With the BiggerPockets Books:
https://store.biggerpockets.com/?utm_source=owned_media
~~~~
Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
~~~~
Find Investor-Friendly Lenders:
http://biggerpockets.com/lendermatch
~~~~
Attend a BiggerPockets Meetup:
https://www.biggerpockets.com/forums/521?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Hear the Previous Mentee Episodes:
708: https://www.biggerpockets.com/blog/real-estate-708?utm_source=youtube&utm_medium=description&utm_campaign=none
719: https://www.biggerpockets.com/blog/real-estate-719?utm_source=youtube&utm_medium=description&utm_campaign=none
726: https://www.biggerpockets.com/blog/real-estate-726?utm_source=youtube&utm_medium=description&utm_campaign=none
738: https://www.biggerpockets.com/blog/real-estate-738?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Connect with Danny:
BiggerPockets: https://www.biggerpockets.com/users/danielz34?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @investoronfire or https://www.instagram.com/investoronfire/
~~~~
Connect with Philip:
BiggerPockets: https://www.biggerpockets.com/users/philiph94?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @educatedinvest or https://www.instagram.com/educatedinvest/
Website: https://www.educatedinvest.com/
~~~~
Connect with Wendy:
BiggerPockets: https://www.biggerpockets.com/users/wendy_s?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @wendysc_invests or https://www.instagram.com/wendysc_invests/
~~~~
Connect with David and Rob on BiggerPockets:
David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Connect with Rob (Robuilt):
Instagram: https://www.instagram.com/robuilt/
TikTok: https://www.tiktok.com/@robuilto
Twitter: https://www.twitter.com/robuiltchannel
YouTube: https://www.youtube.com/c/Robuilt
~~~~
Follow David and BiggerPockets on Instagram:
@davidgreene24 or https://www.instagram.com/davidgreene24/
@biggerpockets or https://www.instagram.com/biggerpockets/

Show notes at: https://www.biggerpockets.com/blog/real-estate-804?utm_source=youtube&utm_medium=description&utm_campaign=none


Recorded at Spotify Studios LA.


00:00 Maui wildfires support

7:54 Podcast Intro

10:22 Quick Tip

10:48 Quitting Jobs, Evictions, and Finding Time

18:44 How to Find Deals NOW

32:39 "Mailbox Money" Is Dead

40:01 Buying "Base Hit" Rentals

43:39 The ONLY Way to Build Wealth

46:04 The Fastest Way to Grow a Portfolio

56:09 Lessons Learned

59:54 Connect with the Mentees!


Did you miss our previous article...
https://trendinginrealestate.com/real-estate-trends/the-housing-market-is-stuck-especially-here