213: Investing in Real Estate without Being a Landlord with Noah Kagan

If there is one thing you can know for sure by listening to the BiggerPockets Podcast, it’s this: There are a LOT of ways to invest in real estate! That’s why we’re excited to bring you today’s interview with Noah Kagan, who invests in a different way than most of the guests we’ve had on the show. Noah currently runs several very successful internet businesses (SumoMe and AppSumo) and knew he didn’t want to be a landlord; Noah knows his best return is made in his business. Therefore, he devised his investing strategy around NOT being the landlord. Noah is a wealth of information and one of the most motivating humans we’ve ever met. So sit back and enjoy today’s episode with Noah!

In This Episode We Cover:

• Who Noah Kagan is and how he got into real estate investing
• What keeps newbies from buying their first investment properties
• The ROI of other businesses as compared to real estate investing
• A discussion on the 1% rule
• Thoughts on whether a commercial property is a good first investment
• Why you should find experienced real estate investors in your area
• Tips for growing your capital
• How Noah finances his deals
• What you should know about asking other people for money or syndication
• Why you should stop apologizing for being successful
• How to grow your network
• When should you stop learning and start doing
• The importance of knowing where do you want to be in 5 years
• Why you should visualize the destination
• And SO much more!

Links from the Show

• BiggerPockets Forums
• SumoMe
• AppSumo
• BiggerPockets Webinar
• BiggerPockets Facebook Page
• RealtyShares
• PeerStreet
• Where’s my money? (Blog Post)
• Noah’s Spreadsheet
• BP Podcast 204: Flipping 30+ Deals by Age Twenty-Five with Chris Gill
• BiggerPockets Event Forums
• Chess

Books Mentioned in this Show

• The Book on Investing with Low or No Money Down by Brandon Turner
• The Miracle Morning by Hal Elrod
• The Obstacle Is the Way by Ryan Holiday
• The Ultimate Sales Machine by Chet Holmes
• Confessions of a Real Estate Entrepreneur by James Randel

Tweetable Topics:

• “It took me 10 years to actually be ready, not financially but mentally, to make that decision, to make that purchase.” (Tweet This!)
• “The best deals happen off-market.” (Tweet This!)
• “I think the trait of a successful person is resourcefulness.” (Tweet This!)
• “If you want to find someone else to help you, you have to help someone else.” (Tweet This!)

Connect with Noah

• Noah’s BiggerPockets Profile
• Noah’s Website
• Noah Kagan’s Present Podcast
• Noah’s Keynote Speech at Fincon 2016

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