The Biggerpockets Real Estate Investing Podcast

Is it possible to invest in real estate if you live in an expensive market—and earn a teacher’s salary? According to today’s guest, it’s not only possible, but it can be incredibly profitable! Today’s guest, Michael Swan, is a P.E. teacher who lives in San Diego but has used the valuable real estate concept known as “trading up” to acquire millions of dollars in real estate. You’ll learn why Michael liquidated his entire retirement plan to buy his first few deals, the truth about “luck” and real estate, and some fantastic tips for buying and managing properties—even from a distance. (And if you work a full-time job or make less than $100,000 per year, this show might just change your life!) In This Episode We Cover: Why Michael’s nickname is Swanny How he realized his financial ladder was leaning on the wrong building Tips for utilizing IRAs and penalties Whether purchasing 11 condos is a good idea or not The story of the 15-unit apartment complex How he went from $5k in cash flow to $24k Whether lu