How to Build a Real Estate Portfolio in 2023

You want to build a real estate portfolio, but you might not even own a single rental property yet! So how do you go from onlooker to investor and finally become financially free through real estate investing? Start with the end in mind! So many rookie real estate investors envision a dream life with cash-flowing rentals and little to no stress, only to realize the landlord life is a LOT different than social media makes it seem. To grow a passive real estate portfolio, you need to do something different. David Greene, host of the "BiggerPockets Real Estate Podcast," knows exactly what that is.

David went from cop to top-producing real estate agent, investor, broker, and host of the world’s most recognized real estate investing podcast. He knows what it feels like to have a big portfolio and all the pain points that come with it. For the rookie investors, David wants to make sure you don’t make the same mistakes he did. Scaling your portfolio incorrectly could force you into yet another job, NOT the financial independence you’re looking for.

In his new book, SCALE: A Successful Agent’s Guide to Leveling Up Their Real Estate Business, David outlines EXACTLY what you must do to build a business, NOT a landlord nightmare. In this episode, he’ll give you everything you need to know about picking the right area and property, why appreciation often beats cash flow, knowing “the number” to offer, and how you can outsource your work to live the life you love!

Pre-Order SCALE now, and use code “SCALE262” for 10% off at checkout: https://store.biggerpockets.com/products/scale-successful-agents-guide-leveling-up?utm_source=youtube&utm_medium=description&utm_campaign=none

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Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media
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Join the Real Estate Rookie Facebook Group:
https://www.facebook.com/groups/realestaterookie
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Find an Investor-Friendly Agent in Your Area:
https://www.biggerpockets.com/agent/match?utm_source=owned_media
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Grab “SCALE” and Use Code “SCALE262” at Checkout:
https://store.biggerpockets.com/products/scale-successful-agents-guide-leveling-up?utm_source=youtube&utm_medium=description&utm_campaign=none
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Pick Up the Other David Greene Classics:
BRRRR: https://store.biggerpockets.com/products/buy-rehab-rent-refinance-repeat?utm_source=owned_media
Long-Distance Real Estate Investing: https://store.biggerpockets.com/products/long-distance-real-estate-investing?utm_source=owned_media
SKILL: https://store.biggerpockets.com/products/skill-a-top-producing-agent-s-guide-to-earning-unlimited-income?utm_source=youtube&utm_medium=description&utm_campaign=none
SOLD: https://store.biggerpockets.com/products/sold-every-real-estate-agent-s-guide-to-building-a-profitable-business?utm_source=owned_media
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The 2023 State of Real Estate Investing Report:
https://get.biggerpockets.com/state-of-rei-2023/?utm_source=owned_media
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Get Up-to-Date Real Estate Data with the “On the Market” Podcast:
https://www.biggerpockets.com/podcasts/on-the-market?utm_source=owned_media
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Connect with David:
BiggerPockets: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @davidgreene24 or https://www.instagram.com/davidgreene24/
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none

Episode 262

Show notes at: https://www.biggerpockets.com/blog/rookie-262?utm_source=youtube&utm_medium=description&utm_campaign=none

00:00 Intro
03:46 David "Always a Rookie" Greene
08:30 From Cop to Top Agent
12:35 Building a Business, Not a Job
18:25 Which Market to Invest In
23:35 Being Efficient At Investing
26:07 Knowing "The Number" to Offer
30:25 How David Analyzes Deals
42:12 Learn, Leverage, Lead
49:58 Do This NOW
54:35 Grab "SCALE" Today!