30: Conservative Real Estate Investing and Starting Out with Kenny Estes

<p>Today on the BiggerPockets Podcast we want to share an interview with someone who runs his investment business in a unique but powerful way – and it’s sure to both inform and entertain you. On today’s episode, we sit down with real estate investor&nbsp;Kenny Estes&nbsp;and chat about investing in rural America, funding deals through private money, building a team, and “going big” with a bold exit strategy. Join us today for a really awesome interview and one of the highest caliber conversations we’ve ever had (and one of the largest debates as well!)</p><p><a href="https://www.biggerpockets.com/bpp30-kenny-estes-podcast-transcript-conservative-investing-starting-out" target="_blank">Read the transcript to episode 30 with Kenny Estes here</a>.</p><p>In This Show, We Cover</p><ul><li>How Kenny&nbsp;started investing&nbsp;at 18 years old – while still in college.</li><li>The&nbsp;early mistakes&nbsp;that Kenny is still digging out from</li><li>The “Cab Driver Metric” in Real Estate Investing</li><li>Why “no money down” is&nbsp;dangerous</li><li>How to “stress test” a real estate deal</li><li>How Kenny found his initial&nbsp;private investors</li><li>The&nbsp;debate&nbsp;between “Invest Yourself” or “Invest with Others”</li><li>Kenny’s&nbsp;real estate team&nbsp;– and how he built it</li><li>Finding and dealing with&nbsp;contractors</li><li>Kenny’s “bold”&nbsp;exit strategy&nbsp;plan</li></ul><p>Links from the Show</p><ul><li><a href="https://www.biggerpockets.com/flip-analysis" target="_blank">The House Flipping Calculator</a></li><li><a href="https://www.biggerpockets.com/blog/2013/07/17/real-estate-vs-stocks/" target="_blank">Are Stocks Better than Real Estate?</a>&nbsp;Post by Kenny Estes</li><li>“<a href="https://www.biggerpockets.com/blog/2013/08/06/boring-can-be-sexy-when-investing-in-real-estate/" target="_blank">Boring can be Sexy when Investing in Real Estate</a>” post by Ben Leybovich</li><li><a href="https://www.biggerpockets.com/real-estate-investing" target="_blank">Ultimate Beginner’s Guide