A Slow, Steady, and Sustainable Way to Buy Rentals with Julie | BP Money 181

[@jgg204]

On one of my last rentals, one of the people that looked at the apartment was this really cute girl. She carried herself well too. She tried to be cute with me and say because she graduated college a year ago and got this new good paying full time job and she can't pay the security deposit all at once, and she wants to pay it over the course of the 1st year lease. She tried every which way to get me to agree, and I stood firm and said no. She said no problem, she would get the money from her parents. Never heard from her again. I treat every tenant the same, and they must meet the requirements I set forth. Doesn't matter what their sob story is, or what arrangement they want to offer me, or how cute they are, or whatever else they want to try and bend the rules to so it benefits them at the expense of me. No thanks. My house, my rules, and there is a reason for maintaining high rental application and tenant standards. The story about the Iowa handyman tenant is one good example

[@kmp101]

Really. Everyone is a sob story and an exception to the rule.

[@notshared2543]

39min in the discussion of charity/business and that behind on rent dynamic was very illuminating.

[@SterlingWhiteRealEstate]

01:08:03 This is the market, this is how the world works in real estate investing for most people. So we always hear about those folks buying lots of properties... because those are the folks who like the most to talk about real estate investing... But the 90% of single-family rentals, duplexes, triplexes, and quads are owned by people... who own less than 10 total structures and buy them over a period of a decade." Sometimes, we need to ignore the noise and the hype. Real estate investing isn't a contest against other people. It's about YOU achieving YOUR own goals - and that may not necessarily be the same as another person's goal of owning hundreds of units.

[@reginaldcharles1133]

Julie is a rockstar...love the podcast

[@wadesuhr]

7 houses in 10 years. That is impressive to me. Mindy explained options well but I still don't quite understand the nuances on how they work, which is fine. I understand dividends and buy low sell high and that's about enough stock info for my brain. Good episode. Beware of the crypto scammers in the comments posing as BP.

[@karmenjane1257]

I resonate with her process the most.

[@reginaldcharles1133]

So much nuggets from Julie

[@chrislanejones]

Great way to learn about the difficulties of being a landlord.

[@maritzahoward5953]

Awesome well defined for a reality in Real Estate 👏

[@MarioRuscovici]

I like Mindy's "sell it" around 44:00

[@enellgwu]

Something that was not really discussed but referred to as “the grind”: how is she getting the money for 7 down payments in 10 years? I’m guessing combo of scaling career, options trading, and not having capex issues. She mentions now having 1st world problem of having to figure out how to deploy cash. Would be good for a follow up, or perhaps for a separate episode. How are these “normal” investors scaling their career? Asking for raises, switching companies, etc. That is a huge topic for the average Joe as also mentioned in Set for Life.

[@Zuman1988]

@BiggerPockets fake account and scammer.

[@enellgwu]

@@Zuman1988 are u referring to me or the woman in the episode? Confused here

[@Zuman1988]

@@enellgwu neither you or her. There was a fake BiggerPockets account that wanted you to whatsapp them and buy Bitcoin. They basically clone channels and try to scam people by acting like the channel.

[@legitprojectjdm625]

I agreed doesn’t say

[@omarmontes9380]

Don’t buy the fancy clothes like the ones you got! Don’t buy air Jordan! Don’t waste money on beer! Don’t eat out! Don’t buy a fancy car! Don’t live in luxury apts! Look for a secondary part time and you will save 30k eventually

[@legitprojectjdm625]

Good job Scott for carrying the conversation

[@j2design]

Great video, Scott & Mindy!

[@Juicingwithjay]

Great interview!!

[@anaarroyo1456]

Good video, I will like to know how she does with taxes ending the year, she got properties in different states and if she got a LLC, thank you

[@bikenraider99]

Nothing wrong with feeling bad about not giving your kids everything. That did more wonders for them in the long run. Americans on a whole have poor financial literacy. We also have a consumer culture vs a savings culture which takes advantage of our poor financial literacy.

[@geekaleek]

i like this concept

[@Da_Pallet_Dude]

Budgeting is so important

[@thehoopscoop]

Love this woman!! She makes smart awesome decisions and trades options on the short side! 🤩🥰

[@adamk4034]

Is it better to pay off debt first before you start plus have a sizeable cash stockpile

[@kmp101]

Yes. Apply Dave Ramsey's 7 baby steps. 1. save $1000 2. pay off all debts (except mortgage) starting with smallest to largest 3. save 4 - 6 months living expenses

[@dennismc8145]

Love the show, you all need to work on your lighting

[@CaseyBurnsInvesting]

The Joneses only own one house and it’s making them house broke.

[@danequeed4129]

Bro I swear I see your comments on every video I watch. Peter schiff, george gammon, meet kevin, graham stephen haha you're all over the place

[@Evolve816]

Yup, I'm not house broke at all, but once we refi, I'm buying multi family

[@rentospropertymanagementso4895]

Thank you for sharing your experience. This helps.

[@Michaelwentsomewhere]

How much money did she put ay risk in order to make the 100 dollars a week selling premium

[@B17714]

I think of the term ‘financial agility’ when thinking of having enough cash to leverage 🙂.

[@B17714]

Bigger pockets get hacked?

[@kmp101]

@@B17714 what do you mean? did they get hacked?

[@Babeelailai]

@@kmp101 looks like some replies were deleted on my comment here.

[@Confooosion]

Enjoyed the episode and good questions, I have to be honest I enjoy both the hosts but Mindy kind of made the conversation not flow calmer. If felt a little controlling

[@houstontexanstyle4668]

Agree. Not helpful.

[@MarioRuscovici]

If you had given him cash for keys plus leave it clean, there wouldn't have been such a problem

[@Bandaid17]

Maybe. Hindsight is always 20-20.

[@jgg204]

Cash for keys doesn't always work. The tenant still has to agree

[@MarioRuscovici]

@@jgg204 If you make an attractive offer, it's highly likely they will say yes

[@jgg204]

@@MarioRuscovici they still have to agree

[@enriquecaro9760]

Horrible lines of questions. Cringed half the time. Really enticing video description .

[@seekingadventurefam]

I am more surprised a AMC lasted that long

[@devinvaldez3868]

scott tried really hard to carry this one but the other two were too heavy, when the guest isnt natural talker/story teller, both the hosts need to keep the flow going

[@JakeRichardsong]

Why does the lady interviewer keep talking about herself?

[@stereomaster4231]

I don't like her voice either

[@stevenashwood1090]

@@stereomaster4231 yea she comes across very bossy. Definitely wears the pants

[@Bandaid17]

She is expounding on the different topics for educational reasons for the audience. If you didn’t notice Scott does the same. I think some people have bias towards personality. I appreciate her slicing and dicing different angles for the audience. This was a great segment.

[@randywatson9585]

@@stevenashwood1090 Pants? No chance she’s wearing pants.

[@houstontexanstyle4668]

I found her quite annoying as well, terrible voice and timing

[@elandoserrano4536]

Christ this one is a hard listen, no chemistry at all.. Everyone should've taken a shot before pressing record

[@danieltik]

I've watched a lot of these and you're right. This was hard on the ears. Mindy and Scott are great interviewers. I think the lady was either lying about a lot of the details or just incredibly nervous to be on camera. My gut says her story is inaccurate though

[@kmp101]

@@danieltik What seems inaccurate? This story and process sound most realistic and down to earth than most of the other stories on here about buying 100 units in 2 years.