How to “Supercharge” Your Real Estate Portfolio with Investor Meetups

Episode #303

The easiest way to supercharge your real estate portfolio? Host your own real estate meetups to build your network! If that sounds intimidating, you’re not alone! Many rookies let their lack of experience or fear of no one showing up stop them from tapping into this gold mine of a networking strategy. Today’s guest found it to be the fastest and easiest way to find wholesalers, buyers, and lenders for his real estate deals!

Welcome back to the "Real Estate Rookie" podcast! In this episode, Ashley and Tony are joined by Spencer Carpenter—an investor who got into real estate with the goal of supporting his family members in retirement. After his first deal went south, however, Spencer lost most of his capital and could have easily given up on real estate. Instead, he doubled down and networked his way to a pair of house flips that he was able to sell at a sizable profit.

If you’ve ever wondered how investors grow their networks to find better deals, this is the episode you’ve been waiting for! Spencer provides his step-by-step formula for hosting real estate meetups at little to no cost, while Ashley and Tony offer their best tips for vetting contractors and property managers. They also discuss working with hard money lenders and what can go wrong if you DON'T maintain an open line of communication!

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Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media
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Join the Real Estate Rookie Facebook Group:
https://www.facebook.com/groups/realestaterookie
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Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
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Find Investor-Friendly Lenders:
http://biggerpockets.com/lendermatch
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Books Mentioned in This Episode:
“Rich Dad Poor Dad”: https://store.biggerpockets.com/products/rich-dad-poor-dad?utm_source=youtube&utm_medium=description&utm_campaign=none
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Making $71K on ONE DEAL After 5 Failed House Flips and Six-Figure Debt: https://www.biggerpockets.com/blog/rookie-279?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Spencer:
BiggerPockets: https://www.biggerpockets.com/users/spencer91?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @spencercarpenter or https://www.instagram.com/spencercarpenter
LinkedIn: https://www.linkedin.com/in/spencer-carpenter-49988166
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Follow David Turner Bruce on Instagram:
@bruceproperties or https://www.instagram.com/bruceproperties/
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none

Show notes at: https://www.biggerpockets.com/blog/rookie-303?utm_source=youtube&utm_medium=description&utm_campaign=none


00:00 Intro

04:11 Retiring His Family with Real Estate

10:25 A Rough Road to Investing

23:33 TOUGH Lessons Learned

35:32 Twin Flips!

42:27 Start Your Own Meetup!

50:38 Rookie Request Line

54:09 Rookie Exam

56:59 Rookie Rockstar

57:27 Connect with Spencer!