Do you have a list of questions about purchasing your first property? Do you worry about things like market stability, taxes, and the risk of buying a home sight unseen? If so, you won’t want to miss today’s show; our guest has faced the same struggles, but ultimately overcame his fears in order to begin building a passive income.
On this episode, I’m sitting down with new investor, Jeremy Buttell to hear all the details on how he overcame his hesitations, calmed his fears, and took the plunge into real estate investing. Jeremy is sharing all the specifics about his first out-of-state property, some of the questions he had to address before he felt comfortable purchasing a rental property, and how he assesses risk. It’s all here on the Investing in Real Estate Podcast!
More About This Show
Jeremy is a filmmaker in Southern California, who has big goals and aspiration. He realized his dreams could not be funded by a regular paycheck or traditional 401k. He understood that real estate investing was the best vehicle for him to reach his financial goals and find true independence.
In his extensive research, Jeremy first became excited when he read Brandon Turner’s book, The Book on Rental Property Investing. He immediately began searching for a property to become the first in his portfolio. He began looking for properties in his own market
It didn’t take long for him to realize that investing in the Los Angeles area was an unprofitable investment. So when he heard about my method of investing on The BiggerPockets Podcast, his interest piqued.
He had some hesitations, and a list of questions about purchasing buy and hold properties from afar. We spoke in depth about what it takes to get started, the truth about the risks involved, and how buy and hold real estate could help Jeremy reach his goals more quickly.
Jeremy had his share fair of worries, but he explains that once he understood the process, he became more at ease. He purchased his first property in Indianapolis, as well as two additional investments. He and his wife have aspirations of acquiring at least fifteen properties.
If you are like Jeremy, and want to build a financial plan through real estate investing, download my free Freedom Number Cheat Sheet. Knowing your Freedom Number will give you a clearer picture of how you can achieve financial freedom.
We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.
On this episode you’ll learn:
- Why Jeremy was advised not to form an LLC immediately.
- What were some of Jeremy’s main concerns about buying in a different market?
- What are the risks in real estate investing, and how can you mitigate them?
- How long does it take to rehab a property with Morris Invest?
- How can new investors be informed about taxes?
- And much more about buy and hold real estate!
Clayton on the BiggerPockets Podcast
The BiggerPockets Podcast
The Book on Rental Property Investing by Brandon Turner
Brandon Turner on Investing in Real Estate
Tom Wheelwright on Investing in Real Estate: Part 1 & Part 2
Find Your Financial Freedom Number
Like Morris Invest on Facebook