BiggerPockets is an online training platform that teaches you all aspects of real estate investing. There is training for new real estate investors, and anyone looking to learn more about creative financing, short-term rentals, and multi-families.
Real estate investing comes with its setbacks, which includes deals falling through, contractors taking long to finish work, and more. Also, as a real estate investor, you can't predict when you are going to make money, which can hold you back from budgeting.
Investing in physical real estate is not as passive as investing in digital real estate with the local lead generation business model. After you setup your digital properties, you can earn a passive income because there is not much else you need to do and scaling is as easy as building more digital assets to generate leads for local small business owners.
Pros
You learn different REI business models from several real estate investing experts.
There is training for all experience levels.
Live Q&A class sessions.
Accountability groups.
Coursework takes one hour to complete or less.
Each bootcamp comes with access to a mini-tax course with an expert CPA.
Cons
Real estate investing won't pay you every month until after you've already invested thousands of dollars and rented it out.
Course modules released each week.
Too many moving parts with a real estate investment.
Price
All BiggerPockets Bootcamps cost $515.
Refund Policy
No refunds.
Training
Each bootcamp lasts 10 weeks and there are 6 video training modules.
Group
Private accountability groups in forum style.
Two Major Downsides of Real Estate Investing
1. High Capital Requirement
The capital requirement needed to start a real estate investing business is high. Before seeing a return on investment on a rental property, you will need to either get creative with how you come up with the capital to purchase a property or put up the money yourself. You may end up spending tens of thousands of dollars or more. This is costly if you are looking to get started with little to no money. Commercial real estate is always going to require more capital than residential real estate.
2. High Maintenance Costs
After acquiring an investment property, there are several maintenance costs that you're going to take on. For starters, landlords must pay property tax. Monthly maintenance costs also need to be factored in, such as utilities, tenant screening, monthly mortgage, and more. If you don't plan for these costs, you may have a negative ROI even if you get a rental income, which can hold you back in your REI business.
What are the BiggerPockets Bootcamps?
Pace Morby is an experienced investor and real estate investing expert who is the host of the Triple Digit Flip tv show. He has a real estate investing portfolio of over $150 million in assets that includes over 1,000 doors nationwide. Pace teaches the Creative Financing Bootcamp.
Module 1: Choosing Your Market
You are shown 5 steps that help you find out where you should be investing.
What are the best tools for real estate market analysis?
The best tools for real estate market analysis include an After-Repair Value calculator, investment property calculators, public property records, comparative market analysis software, and more.
Module 2: Choosing Your REI Strategy
In this module, you learn which are the different real estate investing strategies and which one is best for you.
Module 3: Determining Deal Flow
You are taught where deals are generated.
Module 4: Comping and Underwriting Deals
In this module, you learn how to comp and underwrite cash and creative financing deals.
Module 5: Creative Strategies
This module reveals what creative financing method works best for your REI strategy.
Module 6: Title & Escrow Process
You are taken through the process of closing deals.
Matt Faircloth and Justin Fraser are real estate professionals who have over 27 years of real estate investing experience. They represent the DeRosa Group, which is a REI company, and they are your instructors in the Multifamily Bootcamp where they teach you how to buy multifamily properties.
Module 1: Building a Multi Family Team
Here, you review the four different roles on a multifamily team and learn how to put a team together that handles each of those roles.
Module 2: Choosing and Entering a Market
This module reveals how to choose the right market to get into.
Module 3: Raising Private Capital
Here, you learn how to grow your investor base.
Module 4: Underwriting and Finance
In module 4, they teach you over 20 of the most important things you can do to make a deal work.
Module 5: Deal Structure, Negotiation, and Diligence
Module 5 is all about structuring a deal and negotiating.
Module 6: Asset management and Property Sale
You learn how to manage your assets in module 6. They will show you when to refinance, when to sell a property and how to prepare for the sale.
Avery Carl is a successful investor who has sold over $300 million in short-term and vacation rentals since 2017. She has a portfolio of over 100 doors and teaches the Short-Term Rental Bootcamp where you learn how to purchase and manage your first or next STR property. Avery also created a course called The Short Term Shop.
Module 1: Short-Term Rental Foundations
In this module, you learn the difference between short-term and long-term rentals.
Module 2: Choosing a Market
Strategies for choosing the right geographic market to purchase short-term rentals are revealed.
Module 3: Finding Deals
After choosing a market to get into, it's time to find deals. Avery shows you how to perform a property analysis to ensure you are ready to move forward on a property.
Module 4: Funding Deals
This module shows you how to fund deals. They go over loans, partnerships, and financing options.
Module 5: Deal Analysis
Module teaches you how to analyze a deal to where you can understand what your profit will
Module 6: Operation and Management
In module 6, you are shown how to leverage listing platforms, automation software and how to hire a team, so you focus more on growing your business instead of working in your business.
Ashley Kehr and Tyler Madden are real estate investors and remodeling experts who teach students how to get started in the real estate investing business model in the Rookie Bootcamp.
Module 1:
Module 1 in the rookie bootcamp breaks down the different ways you can invest in real estate.
Module 2:
Module 2 is all about doing market research.
Module 3:
Module 3 touches on the different funding options at your disposal.
Module 4:
You are taken on a step-by-step walkthrough of how to analyze deals so you can practice making investment deals.
Module 5:
Module 5 covers offers and negotiations.
Module 6:
The last module shows you which vendors and support systems you should set up as you become a landlord to help you run things smoothly.
BiggerPockets Review: Is it Legit?
BiggerPockets is legit if you are serious about becoming a successful real estate investors. There is step-by-step training in each bootcamp. If you aren't looking to get into one type of REI strategy, there are bootcamps for other real estate investing strategies like short-term rentals and multi-families. BiggerPockets is a good resource that provides weekly coaching calls and a forum for support, which is of value for any online program, no matter the industry or niche. For a low price of $515 per program, you are getting more value for your investment even if you pay for all of the bootcamps.
BiggerPockets Testimonials
This student has positive to things to say about the BiggerPockets. He came across and invested in the Multi-Family Bootcamp. He said everything he learned in the bootcamp has exceeded his expectations and working with the DeRosa Group was great because of their level of professionalism and expertise.
The following student mentioned how each course provides you with practical applications. She says that the education and resources you are provided with have been a great help to her in her real estate investing business. She found value in the templates they provide you and the Q&As that are held each week for students.
BiggerPockets Alternatives
The Virtual Group by Tiffany and Josh High is an online real estate investing course that helps real estate investors improve in several aspects of their business. Those aspects are marketing, systems, acquisitions, and dispositions. This is a 4 week program that has a private FB group for support. You also learn the steps necessary to hire a team to help your business scale.
Price: The Virtual Group costs $997.
More Info: The Virtual Group Review
Ultimate Real Estate Investing Secrets by Van Sturgeon is another program that teaches you how to invest in real estate. Van shows you how to implement the 4-F framework, which is Find, Fund, Fix and Flip. This is an introductory course with 8 training modules and you learn all the strategies Van has accumulated over the years.
Price: Ultimate Real Estate Investing Secrets costs $29.99.
REI Education Academy by Jamel Gibbs is a real estate investing course by Jamel Gibbs. This online program teaches real estate investors, brokers, and entrepreneurs the strategies to succeed in real estate investing. Jamel motivates potential students to learn market research, property evaluation, and funding alternatives. You get online access to educational videos, documents, and a student dashboard with REI Education Academy.
Price: The cost of REI Education Academy is determined during the consultation call.
More Info: REI Education Academy Review
For a list of more alternatives, check out my article on the top real estate wholesaling courses.
Is Real Estate Investing Profitable in 2024?
Real estate investing is profitable in 2024 if you are patient and not relying wholly on the income you might make. Becoming profitable requires you to locate as many potentially profitable properties as you can. Many real estate investors are making 6 and 7 figures each year with this business model, while many others are finding it difficult to get started or become profitable. One study stated that the average real estate investors make anywhere between $70,000 and $125,000 per year. Clearly, there is money to be made in the real estate market even if things get slow because of a recession and when interest rates are high.
The challenge most real estate investors face is that they don't have as much control as they'd like over several aspects of the business model like when to sell, how long it will take a contractor to complete a job, outstanding liens, and more.
You can make money with rental property investing, but you don't get all of the benefits that investing in digital real estate with local lead generation offers.
Why Digital Real Estate Investing is Better Than Traditional Real Estate
Digital real estate investing is better than traditional real estate investing because the overhead is low and scaling to more digital properties is easier than having to find, fund, fix and flip physical properties. All you have to do is build more service sites and rank them at the top of the search results, which should only take a few hours.
With this business model, you have more control over each aspect of your business from choosing your niche, deciding what your ranking strategy is, picking a local small business to work with and dictating how much they have to pay you and how often. Your income is more predictable when investing in digital real estate than it is when investing in physical real estate.
To become one of the over 7400 students who are actively working to build their digital real estate portfolios and achieve financial freedom with a steady cash flow, check out the local lead generation training program.
