“I can’t invest in real estate — everything is too expensive” is a common statement used by newbie real estate investors across the world. But is it true? Today on the BiggerPockets Podcast, we’re excited to dig in on the topic with Russell Brazil, an investor from the DC area who has a unique perspective on the wealth-building power of appreciation (AND cash flow!).

In This Episode We Cover:

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

The Book on Investing with No or Low Money Down by Brandon Turner
The 4-Hour Workweek by Timothy Ferriss
The Big Short by Michael Lewis
One Up On Wall Street by Peter Lynch

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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192: Income from Cash Flow but Wealth from Appreciation with Russel Brazil 01:04:03

BiggerPockets Real Estate Podcast

Shownotes Transcript

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