logo
episode-header-image
Sep 2023
1 h

319: The Beginner’s Guide to Real Estate...

BIGGERPOCKETS
About this episode

Getting into real estate development with low money down!? Many rookies assume that you need more money to develop, but there are a variety of ways to fund these projectsIt all depends on how creative you’re willing to get! Today’s guest learned quickly that you don’t need a huge pile of cash to start building your own properties.

Welcome back to the Real Estate Rookie podcast! Today, we’re chatting with Terry Harris—a former professional basketball player turned real estate developer. When we last spoke with Terry, he was wholesaling real estate for a decent profit. Since then, he has transitioned into the development side of real estate and grown his business dramatically. Simply by bringing great land deals to developers and providing a valuable service, Terry was able to learn the ropes and gain enough knowledge to develop his own properties.

Whether you have huge dreams of building city skylines or an end goal of owning a rental property or two, you’ll want to hear Terry’s story. In this episode, he talks about how to find the best land dealscreative ways to fund projects, and how to assemble a top-tier development team. He also touches on our favorite topic as of late, partnerships, and how to bring real value to another investor when you don’t have the capital!

In This Episode We Cover:

How to become a real estate developer (without a ton of money!)

Funding your deals with construction loans (and paying less out of pocket!)

How to seamlessly pivot from one real estate strategy to another

Scaling your real estate business through the power of partnerships

Ways to bring value to a partnership deal beyond capital

How to assemble your DREAM team as a real estate developer

And So Much More!

Links from the Show

Find an Agent

Find a Lender

Ashley's BiggerPockets Profile

Ashley's Instagram

Tony's BiggerPockets Profile

Tony's Instagram

Real Estate Rookie Facebook Group

Join BiggerPockets for FREE

Submit Your Real Estate Rookie Question!

20 Deals in a Year as a Professional Basketball Player w/ Terry Harris

Grab Your Copy of “Real Estate Partnerships”

Get Information on Properties with PropStream

Follow Lady Gina on Instagram

Connect with Terry

Terry's BiggerPockets Profile

Terry's Instagram

Terry's YouTube


Check the full show notes here: https://www.biggerpockets.com/blog/rookie-319

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

Up next
Yesterday
This Lucrative “Rental” Strategy Brings in $800,000 Per Year
Buying a regular rental property can provide steady, predictable income, but if you're looking for something more lucrative, we’ve got the perfect strategy for you. Today’s guest used it to build a real estate business that brings in $800,000 in annual revenue. The best part? It ... Show More
52m 42s
Jul 7
$900/Month Cash Flow from His FIRST Rental ($0 Down!)
Could rental properties be your ticket to financial freedom? When today’s guest realized his “secure” corporate job wasn’t quite as secure as he thought, he plunged head-first into real estate investing and hasn’t looked back. In just three years, he’s built a real estate portfol ... Show More
42m 32s
Jul 4
Listen to This BEFORE Buying a Rental with Tenants (Rookie Reply)
Welcome to another Rookie Reply, where Tony J Robinson and Ashley Kehr answer questions from the BiggerPockets Forums and Real Estate Rookie Facebook group. This time, we’re covering questions like: Who should provide and maintain appliances in your rental What steps should you t ... Show More
34m 39s
Recommended Episodes
Aug 2023
801: The Secret to Building a Rental Portfolio With Limited Time, Money, or Experience
No time or money to invest? You need a real estate partnership. What keeps almost every real estate rookie from investing is the fear that they’ll fail or that they don’t have enough to get started. But what if you could join forces with an experienced investor and learn the real ... Show More
1h 4m
Apr 2023
752: Why I Sold a Rental Property Portfolio That Took Me YEARS to Build w/Lee Yoder
Want to know how to invest in multifamily real estate WITHOUT being a multimillionaire? We aren’t talking about tackling a duplex or triplex; we’re talking about sixteen, eight, or ten-unit apartment buildings that could help you replace your W2 income. And while these deals may ... Show More
1h 4m
Apr 2021
463: How to Get Your First or Next Property (Step-by-Step) in 90 Days
We often have famous guests come on the BiggerPockets podcast and talk about their deals, their businesses, and their journey. Today you’ll hear from one of the biggest real estate celebrities, Brandon Turner, as he goes through the 90-day challenge, preparing you to buy your fir ... Show More
1h 24m
Sep 2022
662: ROE > ROI and Why Your “Cash Flow” Number is Deceiving w/Chris Lopez
Cash flow—the two words every rookie real estate investor loves to hear. It’s always about cash flow. “If the property doesn’t bring in a healthy amount of pure profit every month, there’s no point in buying it!” This sentiment could cost you hundreds of thousands, if not million ... Show More
1h 29m
Feb 2024
898: Making $175K in Instant Equity on Her First Real Estate Deal w/Lacey Russell and Sam Haack
What if you could make six figures on your first real estate deal? “Yeah, right! Where am I going to find a property like that?” you say. What if we told you that instead of finding a home-run rental property, you could build a better one? Now, not only do you have some instant e ... Show More
37m 52s
Jul 2022
640: How to Buy Your First 3 Rental Properties (Step-by-Step) This Year!
Knowing how to buy your first rental property can be the difference between you building a life of financial freedom or merely treading water working for active income. The life of a real estate investor isn’t glamorous, but it leads to generational wealth, time freedom, and the ... Show More
1h 26m
Jan 2024
868: Buying Rental Properties for $0 Down, 0% Interest the Creative Way w/Dedric and Krystal Polite
One couple is building MASSIVE passive income and generational wealth by buying rental properties for zero dollars out of pocket, sometimes with zero percent interest rates. It sounds too good to be true, doesn’t it? Well, if you’re willing to get a bit creative, you too can buil ... Show More
49m 1s
May 2023
407: 8 Rentals in 8 Years and Unlocking MASSIVE Tax Breaks with One Career Move
Think it might be too late for you to enjoy the spoils of real estate investing? Well, you’d be wrong! Regardless of age, background, or financial circumstances, it’s never too late to switch careers and become a real estate investor. Just ask today’s guest!In this edition of the ... Show More
58m 38s
Apr 2023
754: EVERYTHING You Need to Get Your First Real Estate Deal Done in 2023
Ready to buy your first rental property in 2023? If you’re going to reach financial independence, retire early, and own your time, you better get started. But you can’t build a rental property portfolio without buying your first, second, or third deal. So, how do you go from real ... Show More
53m 50s
Feb 2018
267: From Professional Soccer Player to Rental Property Investor with Nat Borchers
How does a world-class soccer star set himself up for a lifetime of financial freedom? Rental properties! That’s the story on today’s episode of The BiggerPockets Podcast, where we sit down with Nat “The Beard” Borchersto learn how he built a sizable portfolio of rental propertie ... Show More
1h 21m