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 Learn more about your ad choices. Visit megaphone.fm/adchoices