How to Make PASSIVE INCOME through Real Estate in 2023

Search “how to make passive income” online, and there’s a good chance you’ll see “real estate investing” on every list. Why? Real estate investing is one of the most time-tested, stable, and repeatable ways for the everyday American to get rich, build wealth, and start collecting passive income every month. But you’ll never get going if you don’t know where to start. So to make your 2023 as successful as ever, David Greene, investor, agent, and host of the BiggerPockets Real Estate Podcast, sat down to walk through the eleven steps it takes to go from onlooker to real estate investor.

Real estate is NOT a “get rich quick” type of investment, but it can help you build wealth in a surprisingly short amount of time. Just ask David, who spent years working overtime as a cop, slowly building up a real estate portfolio that eventually led him to hit financial freedom before most people buy their first house! In this episode, David will walk step-by-step through everything a new investor must do to get their first rental property, how to analyze real estate deals once you find them, and how to repeat the system, so your passive income stack grows bigger every year!

Want to become a real estate investing expert in 2023? Sign up for BiggerPockets Pro, where you’ll get access to real estate tools and calculators, bootcamps for any investor, lease agreement packages for all fifty states, unlimited webinar replays, and exclusive videos.

Start the new year off right by upgrading to BiggerPockets Pro, and use code “NEWYEAR” at checkout for a special discount!

00:00 Intro
01:30 Quick Tip
02:17 Make 2023 The Best Year YET
06:07 What is BiggerPockets?
07:58 David's Slow Start
12:22 The KEYS to Success
23:51 The "LAPS" Funnel
27:06 Analyzing a LIVE Real Estate Deal
39:59 Plan, Execute, Profit
42:00 Make 2023 YOUR Year
43:16 Become a Real Estate PRO in 2023

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BiggerPockets Tools Mentioned in Today’s Video:
Rental Property Calculator: https://www.biggerpockets.com/rental-property-calculator?utm_source=owned_media
Rent Estimator: https://www.biggerpockets.com/insights/property-searches/new?utm_source=owned_media
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Episode 715

Show notes at: https://www.biggerpockets.com/blog/real-estate-715?utm_source=youtube&utm_medium=description&utm_campaign=none

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