cover of episode 192: Income from Cash Flow but Wealth from Appreciation with Russel Brazil

192: Income from Cash Flow but Wealth from Appreciation with Russel Brazil

Publish Date: 2016/9/15
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BiggerPockets Real Estate Podcast

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Shownotes Transcript

    <p>“<em>I can’t invest in real estate — everything is too expensive</em>” is a common statement used by newbie real estate investors across the world. But is it true? Today on the <a href="https://www.biggerpockets.com/podcast">BiggerPockets Podcast</a>, we’re excited to dig in on the topic with <strong>Russell Brazil</strong>, an investor from the DC area who has a unique perspective on the wealth-building power of <strong>appreciation</strong> (AND cash flow!).</p><p>In This Episode We Cover:</p><ul>
  • How Russell got started in real estate
  • Where he invest (and the prices in that location)
  • Why you should fix your personal finances first
  • Where to cut expenses
  • The snowball effect that happens when you’re not living on the cashflow
  • How the numbers look on his first properties
  • What CapEx is (and other expenses you should be aware of)
  • How many rental properties he has today
  • How he broke even with some of his properties
  • A discussion about appreciation
  • Thoughts on investing in condo units
  • Why he’s planning to invest in residential complexes
  • Why he doesn’t do much flipping anymore
  • How to find investors and partners
  • Advice for new investors
  • Tips for taking advantage of low interest rates
  • And SO much more!
  • Links from the Show

    Books Mentioned in this Show

    Tweetable Topics:

    • “If you want it bad enough, you’ll figure out how to save money.” (Tweet This!)
    • “Cash flow is how I pay my bills, while appreciation is how I build wealth.” (Tweet This!)
    • “Debt is good. I love debt.” (Tweet This!)
    • “The best way we can mitigate risk and make money is by having market knowledge.” (Tweet This!)
    • “Real estate is a ‘relationships’ business.” (Tweet This!)

    Connect with Russell

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