How to Invest in Real Estate in 2023 (With NO Experience) | Start From Scratch
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- เผยแพร่เมื่อ 23 ก.ค. 2024
- If you want to know how to invest in real estate in 2023, you’re in the right place. You’ve heard the news, seen the housing market updates, and may be thinking, “is this the year to start?” EVERY real estate investor thinks the same thought before making the jump into real estate investing. It can be scary, no matter the market conditions, but with the proper prep, you can start your investing career THIS YEAR, create passive income, reach financial freedom, and build wealth in the background.
Henry Washington went from W2 worker to full-time real estate investor only recently, but it didn’t take him decades to get there. It only took Henry a few years to build a full-time real estate investing career, with over eighty rental properties and dozens of house flips in the works! He gives a STEP-BY-STEP strategy to get into real estate, how to find property deals NOW, and what you can do to make the MOST money possible. So don’t push your dream of financial freedom to another year. Stick around and start investing!
Let us know in the comments below what else would help YOU get on the path to your first real estate investment!
0:00 How to Start Investing in Real Estate
1:44 Find the DEALS
3:14 1. Surround Yourself with These People
4:21 2. Know What a "Good Deal" Is
5:18 3. Find "Free" Leads
9:33 4. Profit!
11:52 Connect with Henry!
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Join BiggerPockets for FREE 👇
www.biggerpockets.com/signup?...
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Find an Investor-Friendly Agent in Your Area:
www.biggerpockets.com/agent/m...
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Watch Henry on the “On the Market” TH-cam Channel:
/ @bponthemarket
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Listen to Henry on The “On The Market” Podcast Wherever You Listen to Podcasts:
Spotify: open.spotify.com/show/2NlzZ9N...
Apple Podcasts: podcasts.apple.com/us/podcast...
BiggerPockets: www.biggerpockets.com/podcast...
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Attend a Local Real Estate Meetup in Your Area:
www.biggerpockets.com/forums/...
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The Ultimate Beginner’s Guide to Real Estate Investing:
www.biggerpockets.com/guides/...
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How to Build a Real Estate Portfolio from SCRATCH in 2023:
• How to Build a Real Es...
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TruePeopleSearch:
www.truepeoplesearch.com/
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Follow Henry on Instagram:
Henry: @thehenrywashington or / thehenrywashington
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Connect with Henry on BiggerPockets:
www.biggerpockets.com/users/h...
If it's God s will I hope everyone watching this gets a clear plan and no hang ups. Lord, bless everyone with enough money to help others and ourselves .
Good soul ❤
Amen! May the Lord hear you! God bless you👏🏽❤️
Amen sela
The greater the passive income you can build, the freer you will become. Taking the first step is the hardest, but 7 house later living off passive income since June 6, 2016. You’ve got to start taking steps to achieve your goal.
I really want to start something for myself but the problem has always been not knowing where to start. What kind of investment would you advise? And what is the best way to follow it?
Thanks for this much appreciated advice
there is no such thing as passive income.
Short and sweet. I love that right to the points.
Sooooo how do we get started with $1k like you mentioned? I’m in Los Angeles so how do we find cheap af property bc deals aren’t out here
could you maybe make a video on how exactly you build those connections with more experienced investors ?
Thank you for dropping the great RE entry science!
Thanks for the helpful information!
Thanks for the solid advice. 🤘
Thank you so much ❤🎉
Awesome. Thank you
Thanks so much for this Good stuff ❤
Thank you HW for dropping some amazing content! Keep it coming!! 💯
I love these bite size videos on relevant topics!
Thank you for this! So helpful on our real estate journey!
more straight to the point videos like the please
Thank you so much for this information
Boy I wish there was a start from scratch with FHA and what to prepare for !
Thank You for the video
So useful.
Great video ❤
Wow! This was incredible content I’m fired up!
You said surrounding yourself with investors. How? Where? Meet up groups? Facebook?
When buying homes to renovate and use as a rental - what do you do about property taxes? How do you offset that?
I read your book you a real one 💪🏾 heard you on rookie real estate podcast
Outstanding video
Amazing content. It's just about taking action. I'm a real estate investor beginner. I know it's going to take work, and consistency. Thanks!!!
How is your journey going brother?
or sister
More of these pointed concise videos please. The 1 hour 40 min videos are a tough watch sometimes.
Nahhh i like the hour length. I bet you have an hour of chores or something todo while listening. Also if its too long just come for another watch or break it down into two 30 minutes. But i find if its a good topic and discussion length doesn't matter as long as they flush out important ideads and make a framework for application nuance.
@@franklinfleming1237 great point
Bruhh you have me searching for tha 😳
Great points here! Super simple action items.
Just came across your video.
He fails to mention how he got started with 1000$ and subpar credit, did he use a lenders money?
This is true, I guess we can't get everything for free.
But where do i get the money to get the homed
11:38 paid marketing? Can someone pls further explain? How tf do we meet successful investors to ask questions like he mentions?
For me it makes sense to just keep wholesaling to get out of debt then keep wholesaling to build up cash to get into buy and hold.
I would love to be on your show 8 rentals now and my way to 12.
Great video
Hi Henry
I really enjoyed this intro to investing in Real Estate. Was there a strategy you used to get over the trepidation of taking on large amounts of debt to buy these propertties before you really had an exit or monetizing method? I understand that there are risks but perhaps you can do a video on how to avoid pitfalls. I've had really bad experiences with renters, property managers and home falling apart--are these just the necessary evils of this type of investing? thank you
Great Info.. Appreciate the Lecture Sir. Definitely educational for me.
Fantastic Episode. Excellent advice on all of the questions. 🙌🏽💪🏽
Shout out to NWA from San Antonio! Wps! I remember your episode
What's your opinion on the incentives the homebuilders giving. Should we wait for better prices?
I've asked this before and didn't get an answer: how do you confirm the phone number you are calling is not on the do-not-call list?
Watch some other people's video on the do not call list. Some people ignore it. If that's not for you, you'll have to scrub it yourself.
What if you called anyway? I'd suggest using a burner number initially.
@@raykingsterling6939 $10k fine in my state
Is their a way to make money in real estae but still make it possible for ppl who sell me their grandma property to get it back .but also not effect my money.
❤
Sergio waz here
Why do all of these videos are so vague, do this and this and presto, how did you get the money what did you say or present ? What stats did you research
They want views but they don’t want you competing with them
Jeut bait. Same is true with investment. Charlie munger himself clarified he and Buffett never say anything useful 😂
I'm married and have 2 small children and am starting to save money for a down payment in a large metro area. House hacking isn't an option for us (husband is against it) but how do we afford an income property while on one income? I plan to be home with the kids for 3-4 more years
H Wash!
After selling a couple homes in 2022, I'm anticipating a housing crisis in order to buy inexpensively. As a backup plan, I've been thinking about purchasing stocks. What recommendations do you have for the best time to buy? On the one hand, I keep reading and seeing trader earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?
I have money to invest, but I have no idea where to start?? I have the basic plan on biggerpockets but what do I do from there?
Would education from people who are doing it and break it down into little bite sized pieces help?
@@whathapppendtousfly I think there's plenty of information out there I was just so overwehelmed with it all, lol. Since I posted my comment, I went into contract on a primary home with the plan of renting after a year. So I needed to take action and start. Thank you for the knowledge you share.
@@Beyondthesurfacewithmichael in the same predicament now, any progress or course of action you’ve taken?
@@6itcoin717 I purchased a primary property last month. My plan is to live in it for a year then rent it out and buy another property. Rinse and repeat until I can move up to a multiplex and so on. Hope that helps
@@6itcoin717 My bad for the late reply I thought I replied already, lol. I purchased a new construction SFH and closed at the begininning of March. I used the VA loan and my plan is to purchase another home and rent my current home out after a year of living there (requirement by VA guidelines).
Hey I’m a wheelchair bound physically disabled live in a nursing home ,
with no credit and .42 cents in my bank account, how can I find that great deal since I’m in a nursing home
Any real estate agents or real estate investors in the comment section? 👀
Also can someone invest in commercial real estate?
Reminder less than 0.5%bof people make money in real estate
A lot of general info that everyone always reiterates. Most folks want to know how to start with that $1k and subpar credit.
First
So…. buy low. Sell high. Wow. Game changer 😴
i’m crying 😂
"If you want to make a permanent change, stop focusing on the size of your problems and start focusing on the size of you!" _T. Harv Eker
Don't forget to tap into your spouses 401k or like.
Do you suggest married couples buying separately?
Tap into it and then get divorced so you don’t have to repay it!