Podcast #11 – BiggerPockets Forums Warning

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When I first got started in rental real estate in 2009, finding like minded people to get me motivated to invest out of my home state and referrals to be able to know who to work with was critical. I did use the Bigger Pockets forums back them and found a lot of folks in my Hui network and friends. I also was introduced to shady people who took my money 🙁

The BiggerPockets forum is a great recourse but I like many higher net worth investors eventually find them tiring and mostly lower net worth wholesellers, flippers, or much more active investors.

Today I have over 4,200 rental units but when I started had no real relationship. Here is more about me.

 

That brings up the *Time-Money-Experience* triangle. I know that there are a lot more experienced folks who have the ability to find 2-3% rent to value deals and do magical things. Again I have a full-time job that I make a good salary and I enjoy going to for the most part (I get free coffee there).

BiggerPockets is a great resource tool, however there is a nuance on the forums that I call the #BPBP Syndrome (the BiggerPockets Bi-Polar Syndrome). What I mean is that the vocal folks on the forums are very active saying and they can do much better deals. Real Estate is their job and they are damn good at it. I am a passive investor who has limited time to source screaming deals and just needs to place my money and quit screwing around on the sidelines. I believe folks like myself who are passive investors like myself are actually the (quiet) majority of folks on BiggerPockets.

#BPBP Syndrome

What active and passive investors can all agree is that real estate is the best investment vehicle out there.  What I love about it is that even when I buy these “lukewarm” deals I still reach my goals (4x) faster than the stock market.

#BPBP Syndrome

Here is what got me fired up so much.

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