30: Conservative Real Estate Investing and Starting Out with Kenny Estes

Today on the BiggerPockets Podcast we want to share an interview with someone who runs his investment business in a unique but powerful way – and it’s sure to both inform and entertain you. On today’s episode, we sit down with real estate investor Kenny Estes and chat about investing in rural America, funding deals through private money, building a team, and “going big” with a bold exit strategy. Join us today for a really awesome interview and one of the highest caliber conversations we’ve ever had (and one of the largest debates as well!) Read the transcript to episode 30 with Kenny Estes here. In This Show, We CoverHow Kenny started investing at 18 years old – while still in college.The early mistakes that Kenny is still digging out fromThe “Cab Driver Metric” in Real Estate InvestingWhy “no money down” is dangerousHow to “stress test” a real estate dealHow Kenny found his initial private investorsThe debate between “Invest Yourself” or “Invest with Others”Kenny’s real estate team – and how he built itFinding and dealing with contractorsKenny’s “bold” exit strategy planLinks from the ShowThe House Flipping CalculatorAre Stocks Better than Real Estate? Post by Kenny Estes“Boring can be Sexy when Investing in Real Estate” post by Ben LeybovichUltimate Beginner’s Guide to Real Estate Investing – Free eBookCashFlow Board GameBooks Mentioned in the ShowRich Dad Poor Dad by Robert KiyosakiInvesting in Real Estate – Gary EldredOn China – KissingerTweetable TopicsBe very cognizant of your risk threshold and do it very conservatively. (Tweet This!)Private investors are people you know. (Tweet This!)Invest simply, do it conservatively, do it for the long haul. (Tweet This!)Connect with KennyKenny’s BiggerPockets ProfileKenny’s Blog – PearTreeProperty.com/Blog