During our Annual Silicon Valley Investors Club meet up, fellow investor Mike Fuller joined us to talk about his experiences investing in real estate. This episode is jam-packed with great tips and advice to help any full-time employee get started in real estate investing.
In this talk you’ll learn about:
- Why Mike started investing in real estate
- Why he focuses on A and B neighborhoods
- How he manages his properties out of state
- How he scaled his RE investing endeavors
- How he partners with property managers to find properties
- Challenges he faced during his investment career
- The importance of having a conservative investment approach
- What he learned from the financial crisis
- The power of paying for real estate in all cash
- Why refinancing can be tricky
- How to use property managers to close real estate transactions and to vet properties
- The importance of using your time efficiently so your real estate investing doesn’t get in the way of your full-time job.
- And much more!
Quote From The Interview: “A full bank account is like a full bladder. Some people feel the urge to piss it away.” – Warren Buffet
Notes From the Talk:
0:56: Start to Mike’s real estate investment
2:38: Mike’s experience with property managers
3:18: How to handle multiple properties
3:35: Mike’s early challenges
6:37: The financial crisis and the expensive education of real estate
10:22: Financing when handling multiple properties
13:15: Equity, gains, and losses
15:29: Why refinancing can be tricky
17:36: The importance of having a real estate investing philosophy
19:27: Using property managers to close real estate transactions and to vet properties
23:18: The trouble of trying to find a good deal in a pricey market and the problems of trying to sell your investment