Building a Real Estate Network: The Importance of Being in the Right Room with the Right People

Real estate investing is a topic that has been discussed and debated for years. Many people believe that it is a good investment because both the rent and the house's value can appreciate over time. The speaker in this interview further highlights the benefits of real estate investing, including the ability to refinance and take advantage of better rates, the tax-free option to cash out before 30 years, and the benefits of learning from others in the industry.
Christian Bachelder, our special guest, started his career in the mortgage industry by offering to do loans almost for free until he proved his value to the CEO of a company. He built relationships with Realtors and transaction coordinators and developed an obsession with growth, and he has applied these skills to real estate investing. He is a chemical engineer who understands the importance of adding additional skills to his existing skills.
In this episode, Christian shares that he recommends buying one property per year on a 30-year loan and having it paid off by the end of retirement. He also advocates for the 12-month challenge to live on the median household income in California and save $10,000 by the end of the year, then use that money to buy a house. These strategies require discipline and dedication, but they can be powerful tools for building wealth and generating passive income over time.
Christian also emphasizes the importance of being in the right room with the right people. He shares his personal story of helping someone complete a 1031 exchange and how being in the right network and learning from others can be beneficial. He encourages others to attend events and be around people interested in the real estate industry to make connections and learn new skills.
Our episode also covers different strategies for making money through real estate investing, including short-term rentals and increasing income through sales and education. Christian emphasizes the importance of reinvesting earnings and provides specific examples of tax savings and renovating properties to increase their value.
Christian Bachelder's interview is a valuable resource for anyone interested in real estate investing. He provides practical advice on how to build wealth and generate passive income through real estate, emphasizing the importance of discipline, dedication, and being in the right room with the right people. His personal story and experiences offer a unique perspective on the real estate industry, and his insights are relevant and applicable to investors of all levels of experience.

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