Real Estate Rookie

Digital Nomad with 15 Units in 5 Different Areas with Michael Su

av Real Estate Rookie | Publicerades 3/17/2021

While traveling throughout southeast Asia, Michael Su asked what he could be doing to protect himself if he ever didn’t have stable income. As a digital nomad, travelling from country to country, all while working at a startup, Michael was used to risk. He realized that the best way to mitigate and reduce the risk of him ever being in a dire financial situation was to make his own income. The best way to do that? Buy rental properties! Michael had already been following some popular real estate influencers, and decided to do what they were doing. He even contacted BiggerPockets’ very own Craig Curelop and asked him to be his agent in Denver and help him house hack. From then on, Michael reached out to more investors in other areas of the United States and began using their strategies. Now, only one year into real estate investing, Michael has over 15 homes, with two under contract, in five regions in the US! This doesn’t just happen by luck. Michael had a strong grasp on financing strategies, investment strategies, and real estate economies of scale. He even read the SEC filings for major REITs to see how they scaled their businesses and dealt with problems. Now Michael can continue building his real estate portfolio, while traveling, and working at a job he loves. All possible through smart investing! In This Episode We CoverThinking long term on wealth accumulation and passive income strategiesHow to create a portfolio that works with your life, not the other way aroundBuying in different markets with different investing strategiesReaching out and interviewing investors, agents, and real estate influencersThe multiple different ways to finance your real estate dealsSection 8 and the pros/cons that come with itHow to mitigate and manage the risk you face when real estate investingAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Real Estate PodcastBlueboard Inc.BiggerPockets Real Estate Podcast Episode 423 - Dan SullivanZillowHouse HustleBiggerPockets Real Estate Podcast 406 - Shelby OsborneHemlaneAppfolioRent ManagerMLSBiggerPockets CalculatorCheck the full show notes here: https://www.biggerpockets.com/rookie61

Om Podcasten

Ready to build your real estate empire… but not sure where to begin?Think of us as your personal trainer.From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.Looking to 10X your real estate investing business this year? This show isn’t for you.Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.