7 Steps To Start Building Wealth

7 Steps to
Start
Building
We a l t h T h r o u g h
Real Estate
Investing
A Free Webinar from BiggerPockets.com
Welcome!
Today’s Agenda:
Today’s Agenda:
To help you learn the
seven steps required to
immediately start  
taking action on your
real estate journey!
Today’s Agenda:
Today’s Agenda:
• About me/About BP
• Why NOW is the time to invest
• Two methods for investing
• The 7 Steps to getting started
• How BiggerPockets can help
• Question and Answer
Today’s
Worksheet:
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About Me
• Brandon Turner
About Me
• Brandon Turner
• Real Estate Investor
Purchased for $83,000
Rehabbed with $20,000
Sold for $139,000
Cash Flow $300.00/month
Cash Flow $3,000.00/month
Why.
About Me
• Brandon Turner
About Me
• Brandon Turner
• Voice on BP Podcast
About Me
• Brandon Turner
• Voice on BP Podcast
• Author
My mission:
Help others learn to build their own
dreams rather than spending all
their time building someone else’s.
About BiggerPockets
“The Real Estate Investing

Social Network, Marketplace,
and Information Hub.”
About BiggerPockets
Blogs
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Podcasts
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Books
Networking
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More!
Why is NOW
the right
time to
invest in real
estate?
Record low
interest
rates
Technology
Prices are
climbing
You are
getting
older!
“The best time
to plant a tree
was 20 years
ago. The
second best
time is now.”
– Chinese Proverb
TWO Methods for
Investing in Real Estate:
TWO Methods for
1. The Casual Method

TWO Methods for
1. The Casual Method

2. The Serious Method
7 Steps to
Getting Started
Building Wealth
Through
Real Estate
Investing
1.
2.
3.
4.
5.
6.
7.
1.Commit
2.
3.
4.
5.
6.
7.
How Casual Investors Commit:
Willy-Nilly
Willy-Nilly
Consequences:
Willy-Nilly
Consequences:
Willy-Nilly
Consequences:
Willy-Nilly
Consequences:
How Serious Investors Commit:
Whole-heartedly.
Someone committed never

say “I can’t do it.”
They ask “HOW can I do it?”

How do you make
sure you stay truly
committed?
1.) WHY do you
want to invest in
real estate?
2.) WHAT does
financial freedom
look like to you?
Without an understanding of where you
want to go, and why you want to be
there, you’ll never make it through the
difficult times.
“Some people
want it to happen,
some wish it
would happen,
others make it
happen.”
-Michael Jordan
Are you committed to taking action?
Are you committed to investing your
time?
creativity?
abilities?
money?
1.Commit
2.
3.
4.
5.
6.
7.
1.Commit
2.Educate
3.
4.
5.
6.
7.
How Casual Investors Educate:
Not at all 
Crazy-expensive gurus 
learn from personal failure

Consequences:
Never investing, bankruptcy,

stress, pain.
How Serious Investors Educate:
How Serious Investors Educate:
Read books
Read blog posts
Listen to podcasts
Engage in forums
Through networking
Ask for help
1.Commit
2.Educate
3.
4.
5.
6.
7.
1.Commit
2.Educate
3.Network
4.
5.
6.
7.
How Casual Investors Network:
Not at all 
-or-
Hand out business cards
Not at all 
-or-
Hand out business cards
Consequences:
You’ll likely only meet people
wanting to sell you
something!
How Serious Investors Network:
How Serious Investors Network:
Business Cards
Meetups
Questions/Answers
Lunch
Accountability
Phone calls
Local Mentors
1.Commit
2.Educate
3.Network
4.Search
5.
6.
7.
How Casual Investors Search:
Sit around, wait for a deal

to happen.
Consequences:
• You buy bad deals that cause you to lose
money.
• You never buy anything.
How Serious Investors Search:
The Deal Funnel

Generate Leads
Generate Leads
MLS
Direct Mail
Driving for Dollars
FSBO
Craigslist
Driving for Dollars
BP Marketplace
Eviction Records
Loopnet and Costar
Passion
Generate Leads
Quick Screen
Generate Leads
Quick Screen
Analyze Leads
Generate Leads
Quick Screen
Analyze Leads
Make Offers
Generate Leads
Quick Screen
Analyze Leads
Make Offers
Get Deals.
1.Commit
2.Educate
3.Network
4.Search
5.
6.
7.
1.Commit
2.Educate
3.Network
4.Search
5.Analyze
6.
7.
How Casual Investors Analyze:
Not at all.
Rental Properties:
House Flipping:
Rental Properties:
Income - Expenses = Cash Flow
House Flipping:
Sales Price - Purchase Price = Profit
Consequences:
Buy bad deals.

Dreams shattered.
Toilets, Tenants, and Trouble.
How Serious Investors Analyze:
Thoroughly and Carefully.

Thoroughly and Carefully.

1.Commit
2.Educate
3.Network
4.Search
5.Analyze
6.
7.
1.Commit
2.Educate
3.Network
4.Search
5.Analyze
6.Finance
7.
How Casual Investors Finance:
How Casual Investors Finance:
How Serious Investors Finance:
Professionally.
1.) Confidence
2.) Clarity
3.) Concise
4.) Convenient
5.) Creativity
BiggerPockets.com/5cs
Creativity.
1.Commit
2.Educate
3.Network
4.Search
5.Analyze
6.Finance
7.
1.Commit
2.Educate
3.Network
4.Search
5.Analyze
6.Finance
7.Manage
How Casual Investors Manage:
Alone.
Consequences:
Consequences:
Bankruptcy, stress, boredom,

slow growth.
How Serious Investors Manage:
How Serious Investors Manage:
Through Community.
&
as a Business.
Let me ask you a
question:
What happens if you
take the casual path
vs. the serious path?
At BiggerPockets, our
goal is to help you walk
all seven of these steps
seriously.
But it can be hard.
So let me show you one
simple way to make your
real estate journey more
like a well-worn path, and
less like a cliff.
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7 Steps to

“The Real Estate Investing

1. The Casual Method

1. The Casual Method

Someone committed never

They ask “HOW can I do it?”

learn from personal failure

Never investing, bankruptcy,

Sit around, wait for a deal

The Deal Funnel

Buy bad deals.

Thoroughly and Carefully.

Thoroughly and Carefully.

Bankruptcy, stress, boredom,

www.BiggerPockets.com/ProUpgrade code: 713

www.BiggerPockets.com/ProUpgrade code: 713

Post ads in the

www.BiggerPockets.com/ProUpgrade code: 713

Help your Profile

www.BiggerPockets.com/ProUpgrade code: 713

Increased networking abilities with /Meet

Download Unlimited Files and Forms

Expanded Private Message Abilities

See Who's Checking You Out

Access to the Pro-Only Forum

www.BiggerPockets.com/ProUpgrade code: 713

Help support the site

www.BiggerPockets.com/ProUpgrade code: 713

www.BiggerPockets.com/ProUpgrade code: 713

You are worried about buying a bad deal

www.BiggerPockets.com/ProUpgrade code: 713

You are worried about buying a bad deal

You need bank suggestions, partners, or properties

www.BiggerPockets.com/ProUpgrade code: 713

You are worried about buying a bad deal

You need bank suggestions, partners, or properties

You need to connect with investors who can help you

www.BiggerPockets.com/ProUpgrade code: 713

You are worried about buying a bad deal

You need bank suggestions, partners, or properties

You need to connect with investors who can help you

You are looking to get noticed by the community

www.BiggerPockets.com/ProUpgrade code: 713

You are worried about buying a bad deal

You need bank suggestions, partners, or properties

You need to connect with investors who can help you

You are looking to get noticed by the community

You want to support BiggerPockets

www.BiggerPockets.com/ProUpgrade code: 713

Get 20% off on Pro

www.BiggerPockets.com/ProUpgrade code: 713

www.BiggerPockets.com/ProUpgrade code: 713

Get a digital copy

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Get the digital

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Get a 2-hour video

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