303: How to “Supercharge” Your Real Estate Portfolio with Investor Meetups w/Spencer Carpenter

The easiest way to supercharge your real estate portfolio? Host your own real estate meetups to build your network! If that sounds intimidating, you’re not alone! Many rookies let their lack of experience or fear of no one showing up stop them from tapping into this gold mine of a networking strategy. Today’s guest found it to be the fastest and easiest way to find wholesalers, buyers, and lenders for his real estate deals!

Welcome back to the Real Estate Rookie podcast! In this episode, Ashley and Tony are joined by Spencer Carpenter—an investor who got into real estate with the goal of supporting his family members in retirement. After his first deal went south, however, Spencer lost most of his capital and could have easily given up on real estate. Instead, he doubled down and networked his way to a pair of house flips that he was able to sell at a sizable profit.

If you’ve ever wondered how investors grow their networks to find better deals, this is the episode you’ve been waiting for! Spencer provides his step-by-step formula for hosting real estate meetups at little to no cost, while Ashley and Tony offer their best tips for vetting contractors and property managers. They also discuss working with hard money lenders and what can go wrong if you DON'T maintain an open line of communication!

In This Episode We Cover

How to host your very own real estate meetups at no (or low) cost

Harnessing the power of networking to find wholesalers, buyers, lenders, and more

The best ways to find and vet contractors for your rehabs

Weighing your financial risk when analyzing real estate deals

Red flags to look out for when hiring a property management company

Why you NEED to get on the same page with your hard money lender upfront

And So Much More!

Check the full show notes here: https://www.biggerpockets.com/blog/rookie-303

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