Think it might be too late for you to enjoy the spoils of real estate investing? Well, you’d be wrong! Regardless of age, background, or financial circumstances, it’s never too late to switch careers and become a real estate investor. Just ask today’s guest!
In this edition of the BiggerPockets Money podcast, we’re joined by Evan Miller, who was a bright-eyed, bushy-tailed US Air Force cadet when he first took an interest in real estate. It wasn’t long before his childhood dream of becoming a pilot was ousted by the entrepreneurial pull of building his own real estate empire. Although his journey included a stint in intelligence and a pit stop as a certified financial planner, Evan has managed to create a portfolio of eight properties over the last eight years.
In today’s episode, Evan shares his entire story from start to finish, including his frugal upbringing, his time at the academy, and his journey towards becoming a full-time real estate investor. As always, our trusted hosts Mindy and Scott are along for the ride. Tune in as we demystify a handful of money-related topics—qualifying for real estate professional status (REPS) and its enormous tax benefits, finding exclusive deals through assumable loans, and flipping houses for a profit—even in a bad housing market!
In This Episode We Cover
How to seamlessly transition from your current vocation to a career in real estate
The value of frontloading depreciation when building your real estate portfolio
Assumable loans and how to find HUGE deals in military markets
How to flip houses at a profit in a volatile housing market
Real estate professional status (REPS) tax benefits (and how to qualify!)
The opportunities that come from surrounding yourself with other real estate investors
And So Much More!
Links from the Show
BiggerPockets Money Facebook Group
BiggerPockets Forums
Finance Review Guest Onboarding
Join BiggerPockets for FREE
Mindy on BiggerPockets
Scott's Instagram
Grab Scott’s Book, “Set for Life”
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Podcast Talent Search!
The Real Estate Rookie Podcast
Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets
Money Moment
Episode 217: 16 Units in 3 States as a BiggerPockets Power Couple Working Full-Time
Grab “The Book on Investing in Real Estate with No (and Low) Money Down
Tax Day Q&A: Live CPAs Help YOU Owe Less To the IRS
Year-End Tax Tips and How to Owe Even Less in 2023
Try the BiggerPockets Calculators:
Mortgages
Rental Calculator
Rental Estimator
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-407
Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Let us know!
Learn more about your ad choices. Visit megaphone.fm/adchoices
BiggerPockets Money Podcast