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Jul 2022
1h 19m

638: Making a Profitable Pivot Out of Re...

BIGGERPOCKETS
About this episode

Rental property investing is a great way to make cash flow, or so it seemed in the pre-2022 world. Interest rates are rising, home prices have skyrocketed, and rent can’t keep pace with this market. Brian Davila saw this in his portfolio and knew he needed to do something about it. Buying “traditional” rental properties wasn’t going to cut it, especially when the monthly cash flow was a measly few hundred dollars. How many houses would it take to grant him a life of financial freedom?

To most people, Brian Davila looks spoiled for choice. He’s a young guy, doing forty or so flips per year, bringing in big active and passive income checks. If you think that Brian can’t relate to the average investor, you’re wrong. Brain immigrated to the United States at just six years old, dropped out of high school in the ninth grade, and had his first child at nineteen. He was working at Las Vegas day clubs making ten dollars an hour before he decided to become a real estate agent.

After cold calling hundreds of sellers a week, Brian was able to grow his clientele and eventually become a top agent. The only problem? He had no time for his family. He made the switch to start flipping and buying long-term rentals but had to pivot once again to a different strategy that would make him more cash flow even as home prices rise. Brian knows what it takes to become very successful in real estate in a short amount of time, and if Brian can do it, anyone can. 

In This Episode We Cover:

How to become a successful agent and why most people shouldn’t get their license 

Transitioning from trading your time for money to letting your money give you back time

Brian’s biggest mistake when growing a fast-paced real estate investing business 

Flipping forty homes a year and how to get around permitting pain points 

Short-term rentals vs. long-term rentals and which will survive in 2022

Lowering your tax bill as a real estate investor and avoiding capital gains 

And So Much More!

Links from the Show

BiggerPockets Youtube Channel

BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Bookstore

BiggerPockets Bootcamps

BiggerPockets Podcast

Get Your Ticket for BPCon 2022

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

David's BiggerPockets Profile

David's Instagram

Rob's BiggerPockets Profile

Rob's Youtube

Rob's Instagram

Rob's TikTok

Rob's Twitter

Real Estate Rookie 113

BiggerPockets Podcast 616

How to Calculate Numbers on a Rental Property

Rob’s Video on The New Airbnb Redesign

Books Mentioned in the Show

SKILL by David Greene

SOLD by David Greene

Flip Your Future by Ryan Pineda

$100M Offers by Alex Hormozi

Connect with Brian:

Brian's BiggerPockets Profile

Brian's Instagram


Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-638

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