How to Build a Real Estate Portfolio from SCRATCH in 2023

So you want to know how to build a real estate portfolio? Well, it isn’t as easy as finding a bunch of cheap houses, making bids on them, and waiting for the cash flow to roll in. If you’re trying to build a real estate business that can retire you and give you the financial freedom you’ve always dreamed of, you’ll need to do a bit more planning than that. But don’t worry, David Greene, expert real estate investor, agent, and mortgage broker is here to help.

David has over a decade of investing experience, and like many of us, he started by simply saving at his W2 job. Now, with a massive portfolio of cash-flowing properties across the nation, David knows what it takes to go from rags to riches in the world of real estate investing. But what moves would he make if he was starting all over again in the 2023 housing market? Which types of homes would he buy and where in the country would he avoid investing? Not only that, but how would he finance the deals, and where would the money come from?

No matter how many rental properties you have, these tips can help you build a bigger, better, and much more robust real estate portfolio in 2023. So what are you waiting for? It’s time to start scaling toward financial independence!

00:00 Starting from Scratch
01:15 1. Portfolio Architecture
03:08 2. Location, Location, Location
05:34 3. Medium-Term Rentals
06:57 How to Finance the Deals
11:33 Pivot Careers
13:09 Get Connected!
14:14 Join BiggerPockets!

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If I Had to Start Over in Real Estate in 2022, Here's What I'd Do:
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Shop the BiggerPockets Books for Beginners:
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The Ultimate Beginner’s Guide to Real Estate Investing:
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The 6-Step Process for Buying Your First Rental Property:
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Great Portfolios Don’t Happen by Chance:
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[Patriciabanks]

Real Estate provides cashflow, tax benefits, equity building, competitive risk-adjusted returns, and inflation protection on its own. Whether you invest in physical properties or REITs, real estate may help you diversify your portfolio and reduce volatility. Dividends are what got me into investing in REITs, great way to secure the accumulate wealth, I hold AMT, CCI & PSA. $290k in profits made in 2022.

[waynespears]

Perfect advice. Honest straight up TRUTH. As a part time realtor, single dad, home owner and blue collar worker. You have told me more significant info. (which I can confirm being in the biz.) waiting a bit longer for the next investment. Thanks for grounding the smart ones.

[ChristopherBallesteros-nbge]

I love that David took over the podcast. He provides so much knowledge and value, he's just dropping gems non-stop!

[mattpredictsofm.]

Notwithstanding how anxious everyone is about the property market due to inflation, there is still an enormous amount of demand that is ready to fill the gap. We peaked in the second quarter of 2020 and are now at the median level, according to Jeff from the comments. It decreased by 3% between 2008 and 2012, and by the second quarter of 2020, it had declined from 68 to 65.

[darnellcapriccioso]

For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.

[colinsexton]

This was a LOT of info in a SHORT tie. Love this episode! I have many questions now as I want to get started with something!

[berniemarcham]

2023 is the year we make the jump. With all the help

[martakoutsogiannis]

What a powerful tips! Thank you for sharing your wisdom and what worked and didn't work for you

[daniellehalvorson]

Great info in a quick, compact format. Love it! I'm in this exact situation going into 2023. This was the perfect content for me to hear today. Thank you.

[vnsa]

Thank you! Finding ways to finance the deals is what I've been scratching my head over!

[SandraLopez-ndfh]

Thanks David, great information as always.
Merry Christmas 🎄🎁 for you and your family and a Happy prosperous, Healthier new Year🎉 🎆

[lisafaireymusic]

That’s exactly what I want to do!! Get out of my W2 and get in the space so I can learn. Thank you for mentioning that.

[vwzttep]

I'm hoping to close on my first real estate investment as part of a partnership in the next few weeks on a triple net property. It is a small stake but I feel perfect for my first deal and have learned quite a bit. My goal is to rebuild capital to use for my first solely owned commercial property investment using the knowledge gained with this one in the next 2-4 years. Thanks for your work and knowledge!

[awp]

I will be watching this several times. Absolute gems, thank you David!

[Strickerf]

This is awesome, exactly what i was looking for for inspiration for next years investing

[fthb_denver]

Great stuff David! Your take on current rates/acquiring homes was the most concise and accurate one I've heard. We as humans just want to complain!

Starting with house hacking is a tried and true startegy and our personal favorite. I also love how you detail the evloution of investing in real estate, by using DSCR loans, Bridge loans for rehab, etc.

[bikenraider]

Interesting observations and thoughts. I enjoyed the esplanation of diversifying a portfolio and the financing options

[dirtyboysadventures]

That was some serious information that was shared. Time to put my plan in action. Thanks

[ClaudeDiamond]

Thank you, Excellent common sense video on investing in the west. We have been aggressive in looking at residential homes/land in Colorado, Montana and Wyoming as they become more popular. Land we purchased in these areas a few years ago that we purchase for 160K now go for $500K +/ 300K homes near ski areas now go for millions.

[beberubie]

Thank you! Looking into mid-term rentals!