126 Multi-Family Units On a Military Salary with Erika Sleger | BiggerPockets Podcast 456

[@vulgarbeatz]

So glad to see someone with experience from the military and Air Force too! Needed some info from this perspective

[@primetime_21_]

Who else is proud of Erika?!?!☺️☺️👏🏾👏🏾💙

[@cryptocred5754]

She is my favorite guest so far.

[@successwithstacee9290]

Wow this interview is packed with valuable information. I'm moving from single family to multi family. Triple net sounds like a possible end game.

[@Mikeonthegeaux]

Can you do that?

[@successwithstacee9290]

@@Mikeonthegeaux Yep

[@Mikeonthegeaux]

@@successwithstacee9290 did they let you? Or you're just assuming?

[@wealthandwellnesswithGrace]

I feel the same way.

[@SterlingWhiteRealEstate]

30:37 A lot of the reasons people either don't start in real estate, they fail and give up and never get started, or they never continue to go through thinking that the problems that you have when you're new will just become compounded when you're bigger... But we (can) actually graduate out of that stuff. The more successful you get, the more equity you build, the better you get at this, you get into asset classes that remove a lot of those hurdles that people don't want to face. In real estate investing, it'll just easier over time.

[@quianaberry7947]

I really respnated with this line too! Huge 💎

[@chrislanejones]

My wife enjoyed this podcast in the car, who knows, maybe she will be BRRRRing next.

[@aaronjones3982]

NEVER EVER call tax money, " The Government's money." It is YOUR MONEY.

[@armyfazer1410]

Yeah, I caught too. I hate that way of thinking.

[@KingLucien23]

I’m active duty and have hacked the VA loan and FHA to build a small portfolio that will grow exponentially. I look to expand just like Erika! Very inspirational!

[@ochaze1]

This woman is an inspiration

[@robalinoalexis]

This was great! Awesome insight on commercial real estate 👏🏼

[@automnejoi9653]

Try to invest in things that Amazon can’t ship. Thank you for that knowledge 🙂

[@futurewolffilms607]

Every time a guest mentions a book, I hit pause and buy it. Haha one day it’ll be worth it.

[@sheenamurphy9649]

Love that she said that she was hung up on the prior sale price. I have been struggling with the same thing.

[@dwokie1]

I listened to this on 4/3... Don’t ever do that again!!! Love you guys and you’re making a difference!

[@CaseyBurnsInvesting]

This is incredibly impressive. Creativity takes you a long way.

[@JACSpade-vi7mv]

Excellent show today

[@ryankeenan351]

Love listening to you guys! Thank you!

[@jasoncowan4357]

I am a commercial appraiser. When no am working on multi family property we have to have expense comps which we compare with the fata that was providey owner. That wayi we can ber

[@bldfinancial]

Got lots of value from this video 😊

[@MarioRuscovici]

Thanks for interviewing a patriot!

[@MarioRuscovici]

This show brought up the importance of due diligence. It would be interesting to see a book on due diligence on small multifamily. However I will check out the Hennessey book.

[@caliTv86]

My heart drop when Brandon mentioned David is going to leave.😂

[@noahnehler]

love this channel! you guys inspired me to go into real estate and start my own channel!

[@ab221983]

This kind of videos just motivate me to get quickly out of the stupid debt and start making good debt ASAP I wanna be part of this team but i dont know if you got to be an american resident... 🤷🏻‍♂️

[@techguru9825]

Learned a lot listening to Erika's amazing real estate journey!

[@thelovewins0126]

I love this podcast! Thanks for sharing your story Erika, very inspiring plus 126 is my number. Signs and symbols.

[@breblizz4321]

That was such a cruel joke in the beginning. I legit was like nooooo! Please don’t leave us. Lol.

[@nikiabutler899]

Can someone explain why she said it would be u professional if you say to them your the owner when you do the Starbuck leases?

[@kellyleong5675]

Love what she shared!

[@coreyreese3691]

I love this episode!

[@DerekDeVille]

Great content! Intelligent person.

[@betterhomesnc2437]

What a rockstar. Well done to you and your husband.

[@bobguy6542]

Any enlisted folks ever? Feels like it's always officer, and they get paid a LOT more, and depending on job; the vast majority of them get deployed a lot less. It's taken me 10 years to get to 6 units with as many deployments. - Like at 5:08 when she was complaining about her salary. She would've been making about $70,000/year with 7 hour work days, every holiday off, and 30 days of PTO, and infinite paid sick days, all health benefits free, etc. And she categorized that as "low".

[@sharaarsagir1943]

We want Manny Khoshbin in the next podcast

[@tawabsiddique6780]

Yessss

[@crich1218]

Funny to hear you guys talk about how the government offers the 1031 and why they benifit from it given current events.... 🤔

[@MrBmic]

Great story.

[@alvincastro5285]

I didn't understand when you guys talk about try to get properties where Amazon can't ship... Why?

[@cmkimbrell67]

Amazon isn’t everything

[@michaelswidorsky7147]

I don't believe they mean shipping to an actual location. They mean buy places that sell products that cannot be delivered on a truck. Amazon can not ship a paint job for you car, so buy an auto body shop. Amazon can not ship an oil change for your cars engine, so buy a Jiffy Lube. Amazon can not ship a haircut, so buy a salon.....

[@kphilips2010]

Meat on the bones!! I love that.

[@patrickmoore4712]

Skulls Bridge is great - hire Marines David they will love you!

[@beringjoyfarms2830]

Resources are a product of Resourcefulness

[@levilopes4147]

Thank you for the tip on skillbridge. I am in the military and didn't know about this. I loved this interview. I am in the very early steps in real estate investment and I am really excited to get the ball rolling soon. If you are looking for some more interns let me know. I am looking to learn as much as I can!

[@wayne989]

I don’t get it. Paying it off increases taxes? How? Lose interest expense deduction? Hell I rather pay taxes than interest.

[@CaseTeamAngel]

I was kind of wondering that too. Can anyone answer this question?

[@ChristopheLimpalair]

This. Would be great if someone with more tax experience could weigh in but, unless you get an *insanely* low interest rate on your mortgage, it's hard to imagine the interest payments being less than the increase in taxes from losing the write-off. Maybe in very high tax states like CA? More reading on that here: www.daveramsey.com/askdave/taxes/dont-be-a-financial-sophisticate

[@LouBloom21655]

Jeez Brandon you're the worst April fool's prankster 🤣

[@iducreyes]

Hey team I grew up in Houston currently in México city have a lap top phones. Is there any opening? would love to squad up!!

[@stephencamacho]

Cool story thank you!

[@jangthao2160]

Love it

[@AnnaMarie-1111]

You got me guys 🤣

[@markgatz6127]

Trust but verify.

[@dennismc8145]

Blue Falcon

[@josephvital]

Lmao with the closet grow

[@Cbs2425]

Definitely had a heart attack there

[@nonugalanu4629]

Please give up the “quick tip” jingle, it is very annoying to hear you guys forcing yourself to squeeze out that sound in high pitch voice

[@cmkimbrell67]

No, it’s a staple

[@swatisquantum]

Lol.. it’s become their thing now. Forever quickkkk tipppppp

[@andrewwall8149]

The "government's money"

[@fullimetal7581]

(1) she didnt need to report the pot plant, she went into his house and rummaged through his stuff (albeit to find the leak). (2) he was deployed, give him a pass. An OG military person would have thrown it away and then talked to them face-to-face when they returned. Thats the diff between active and the guard/reserves (weekenders).

[@armyfazer1410]

She's JAG. Probably a different mentality. I don't think she's ever used wall to wall counseling.

[@armyfazer1410]

And she went active...

[@OracleMoon]

I agree, she's a tattle tale. She probably got off on the power. I would've just spoken to him and asked him to move.

[@nando8019]

I am 22 years old and trying to save up my first $15K to get started. Wish me luck!

[@johncadet6768]

Ha ha! Government's money..

[@johndoe-gh2or]

she is a major in the air force I'm sure her husband is has a high salary as well but she did not struggle by any means (her whole story is a matter of luck for the most part) I'm not hating or jealous but damn the fortune favors the bold

[@wayne989]

Starbucks building return is like 5%/year...