192: Income from Cash Flow but Wealth from Appreciation with Russel Brazil

<p>“<em>I can’t invest in real estate — everything is too expensive</em>” is a common statement&nbsp;used by newbie real estate investors across the world. But is it true? Today on the&nbsp;<a href="https://www.biggerpockets.com/podcast" target="_blank">BiggerPockets Podcast</a>, we’re excited to dig in on the topic with&nbsp;<strong>Russell Brazil</strong>, an investor from the DC area who has a unique perspective on the wealth-building power of&nbsp;<strong>appreciation</strong>&nbsp;(AND cash flow!).</p><p>In This Episode We Cover:</p><ul><li>How Russell&nbsp;<strong>got started</strong>&nbsp;in real estate</li><li><strong>Where</strong>&nbsp;he invest (and the prices in that location)</li><li>Why you should fix your&nbsp;<strong>personal finances</strong>&nbsp;first</li><li>Where to&nbsp;<strong>cut expenses</strong></li><li>The&nbsp;<strong>snowball effect</strong>&nbsp;that happens when you’re&nbsp;not living on the cashflow</li><li>How&nbsp;<strong>the numbers</strong>&nbsp;look on his first properties</li><li>What&nbsp;<strong>CapEx</strong>&nbsp;is (and other expenses you should be aware of)</li><li>How many&nbsp;<strong>rental properties</strong>&nbsp;he has today</li><li>How he&nbsp;<strong>broke&nbsp;even</strong>&nbsp;with some of his properties</li><li>A discussion about&nbsp;<strong>appreciation</strong></li><li>Thoughts on investing in&nbsp;<strong>condo units</strong></li><li>Why he’s planning to invest in&nbsp;<strong>residential complexes</strong></li><li>Why he doesn’t do much&nbsp;<strong>flipping</strong>&nbsp;anymore</li><li>How to find investors and&nbsp;<strong>partners</strong></li><li>Advice for&nbsp;<strong>new</strong>&nbsp;investors</li><li>Tips for taking advantage of&nbsp;<strong>low interest rates</strong></li><li><strong>And SO much more!</strong></li></ul><p>Links from the Show</p><ul><li><a href="https://www.youtube.com/c/biggerpockets" target="_blank">BiggerPockets Youtube Channel</a></li><li><a href="https://www.biggerpockets.com/webinar?main_track_only=true" target=