Comments on: How to Add Real Estate to Your Investment Portfolio

By: David Separzadeh

Tue, 20 Nov 2018 04:52:14 +0000

Thanks, for sharing this valuable information with us. I share this post with my friends, who works in the real estate industry. They appreciate you. Again thanks for this post.

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By: Derek @ MoneyAhoy.com

Wed, 24 Jul 2013 19:12:19 +0000

Wow, this is a very detailed and great starter post for how to get into real estate. I learned quite a bit from it, thanks!

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By: Jon

Tue, 23 Jul 2013 16:07:47 +0000

Hi Brandon,

Great article – very informative and relevant. I also would like to add that the costs to transact real estate (commissions) can make or break an investment.

Out here in California the typical commission of 5.4% on the average California single-family detached home ($417k) will cost you over $22,500. That cost is shared by the buyer and seller. We recently did a blog post on the long term impact of this and how it can be avoided: http://www.homecoin.com/blog/?p=420

Again, great article – keep up the solid work!

Full disclosure: I operate the referenced website.

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By: Chuck @ Tortoise Banker

Mon, 22 Jul 2013 20:34:25 +0000

I’ve heard a lot of back and forth as to whether Real Estate is a better alternative than fully funding tax advantaged accounts. I’ve kind of come to the conclusion that if you are not fully funding IRAs/401ks, this should be done before getting a rental property.

Just my 2 cents

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By: Thomas | Your Daily Finance

Sat, 20 Jul 2013 01:16:21 +0000

By: Brandon Turner | BiggerPockets

Fri, 19 Jul 2013 19:31:27 +0000

By: Brandon Turner | BiggerPockets

Fri, 19 Jul 2013 19:30:31 +0000

Hey Thomas, thanks for the comment!

The MLS use to be sufficient for finding properties, but with the increase in the market it is getting more and more difficult. I think the best way, today, to do it is:

1.) Direct Mail – sending out thousands of targeted letters to potentially motivated sellers and helping those who need help.

2.) Driving for Dollars – driving around and looking for properties that are ugly, have long grass, broken windows, terrible roofs, etc. Often – the owner is desperate to sell but knows that they can’t in the current situation. Sometimes it will be out-of-area landlords who have given up. Write down their addresses, find the owner via public record, and either call or send letters.

As for real estate clubs – I think there are good and bad ones. Some are just about the pitch, some are about information. Try to find the good ones (ask experienced investors for recommendations) and become a friendly face at them. Older, experienced investors LOVE to offer advice and help new investors out – as long as they don’t feel they are wasting their time. Appeal to their ego, let them help you out. Most will do it for an occasional cup of coffee!

Hope that helps! Great seeing you again (in a virtual way, anyways) Thomas!

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By: Thomas | Your Daily Finance

Fri, 19 Jul 2013 18:33:08 +0000

Another great post Brandon! I am working on adding real estate to my portfolio as we speak. The biggest thing is just doing it. I have read and asked so many questions but there is nothing like & no experience let getting into. My question if finding those properties. Here in Florida it seems like everything is under contract. What is the best way to find properties?

I want to invest but right now putting all the pieces together has taken longer than expected. I wanted to find a mentor or someone I could to all the leg work for until I can experience to do it on my own but I haven’t had any luck. What do you think about Real Estate Investment Clubs?

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By: Brandon Turner | BiggerPockets

Fri, 19 Jul 2013 16:00:24 +0000

By: krantcents

Fri, 19 Jul 2013 15:27:14 +0000

If you do not have the down payment, you can also invest in REITS. Similar stocks and a much lower investment, but still add real estate to your portfolio.

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