192: Income from Cash Flow but Wealth from Appreciation with Russel Brazil

“I can’t invest in real estate — everything is too expensive” is a common statement used by newbie real estate investors across the world. But is it true? Today on the BiggerPockets Podcast, we’re excited to dig in on the topic with Russell Brazil, an investor from the DC area who has a unique perspective on the wealth-building power of appreciation (AND cash flow!). In This Episode We Cover:How Russell got started in real estateWhere he invest (and the prices in that location)Why you should fix your personal finances firstWhere to cut expensesThe snowball effect that happens when you’re not living on the cashflowHow the numbers look on his first propertiesWhat CapEx is (and other expenses you should be aware of)How many rental properties he has todayHow he broke even with some of his propertiesA discussion about appreciationThoughts on investing in condo unitsWhy he’s planning to invest in residential complexesWhy he doesn’t do much flipping anymoreHow to find investors and partnersAdvice for new investorsTips for taking advantage of low interest ratesAnd SO much more!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets WebinarBiggerPockets BookstoreThe Simple Action No One Does That Will Make You A Millionaire (blog)BP Podcast 014 : Cash Flow, Creative Finance, and Life with Ben LeybovichBiggerPockets ForumsBooks Mentioned in this ShowThe Book on Investing with No or Low Money Down by Brandon TurnerThe 4-Hour Workweek by Timothy FerrissThe Big Short by Michael LewisOne Up On Wall Street by Peter LynchTweetable Topics:“If you want it bad enough, you’ll figure out how to save money.” (Tweet This!)“Cash flow is how I pay my bills, while appreciation is how I build wealth.” (Tweet This!)“Debt is good. I love debt.” (Tweet This!)“The best way we can mitigate risk and make money is by having market knowledge.” (Tweet This!)“Real estate is a ‘relationships’ business.” (Tweet This!)Connect with RussellRussell’s BiggerPockets ProfileRussell’s Website