BiggerPockets Real Estate Podcast: Recent Episodes
BiggerPockets
On the BiggerPockets Real Estate Podcast, co-hosts David Greene and Rob Abasolo interview real estate investors and entrepreneurs about successes, failures, and hard-earned lessons. Through in-depth conversations, 1-on-1 listener coaching calls, and news analysis, you’ll get a breakdown of real strategies that work for different niches and experience levels. Tune into the #1 real estate investing podcast every Tuesday, Thursday, and Sunday.
Small multifamily properties are one of the EASIEST ways to get into real estate investing. But, your market may be a little too pricey or lack the supply for you to invest in these “slam dunk” deals. So, where do you go? We’ve got two elite agents from the South and Midwest that can help YOU get your next killer deal in metro areas that are seeing STRONG demand, renter growth, and rising rents. To tell us about Chicago, the “we don’t actually love deep dish” city, is Dan Nelson. Dan was recently able to access a “private listing” that was severely underpriced. He brought this deal to a rookie client of his, who ended up making a MASSIVE amount of equity on closing. We’ll also chat with Jodi Gauthier, a Houston-based agent who secured a very lucrative seller-financed deal for her client, who couldn’t get a mortgage anywhere else. You might think these deals are too good to be true, ESPECIALLY in 2023’s housing market. But, we’re here to prove that as long as you’re in the right market, running the right numbers, with the right agent, you too can lock down these “slam dunk” small multifamily deals. In This Episode We Cover: Two housing markets with “slam dunk” small multifamily opportunities Metrics to watch BEFORE you invest in a market and how to know your home will appreciate What to do when you CAN’T find cash flow in your area (and whether or not cash flow is worth it) Seller financing and how to buy properties when you can’t get approved for a loan Questions to ask your agent to see whether or not they TRULY know what they’re doing And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Davids's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Hear Our Last “Elite Agent” Show Barbara Corcoran’s Wild Real Estate Tactics You’ll Want to Repeat Book Mentioned in the Show Long-Distance Real Estate Investing by David Greene Connect with Dan: Dan's BiggerPockets Profile Dan's Facebook Dan's Instagram Dan's LinkedIn Dan's TikTok Dan's Website Connect with Jodi: Jodi's BiggerPockets Profile Jodi's Facebook Jodi's Instagram Jodi's LinkedIn Jodi's Website
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-817 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jason Lee owns more rental properties than most full-time real estate investors. But, he didn’t do this by investing after the last housing crash, inheriting millions from his parents, or buying a hundred-unit apartment building at once. Actually, Jason seemed like the least likely person to end up as a big earner. He was raised in a household where finances were a constant source of contention, and he only went to college to play sports. Jason’s parents gave him one choice: become a doctor, lawyer, or other high-skilled professional, so he wouldn’t have to struggle like they did. After scraping through pre-med classes, living in the library, and dedicating all his time to school, he thought what every real estate investor thinks, “Maybe this isn’t the right path.” After having a sudden mental breakthrough, Jason knew he couldn’t continue. So what did he do instead? Real estate. He was working (for free) four days a week and going to school two just to level up his skills so that he could finally do what he loved when he graduated. His first deal almost blew up, he almost quit, and he got six figures stolen from him, but Jason is now back on top, only three years after graduating, with a portfolio in the eight figures. How’d he do it so fast? Stick around and find out. In This Episode We Cover Quitting a (potential) career to focus on what will REALLY build your wealth How non-stop rejection allowed Jason to become one of the most successful brokers/investors in his area Why working for free has a far higher ROI than most college students think Investing in an expensive market and why “cash flow” doesn’t matter How to NOT get scammed by a contractor and signs yours is stealing money Jason’s “formula for underwriting” and what he looks at most when doing deals And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Dave's BiggerPockets Profile Dave's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-812 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Recorded at Spotify Studios LA. Learn more about your ad choices. Visit megaphone.fm/adchoices
These three real estate investing tools can make you more money in less time and with less effort than ever. Just ask Mark Simpson from Boostly; he used just one of these tools to bring in over six figures in sales, save dozens of hours a week, and reach thousands of prospects instantly. But, as a small investor, will these tools help you build wealth faster? The answer is a resounding YES! In this episode, we’re going over three types of real estate investing tools that have helped us scale our portfolios and businesses to new heights. And whether you own a rental portfolio, have a few properties, are still looking to buy your first, or run an entire real estate business, these tools can help ANYONE with ANY skill set, no matter what you do or how long you’ve been doing it. From automatically personalized video messages for prospects to a tool that will design your house for you and automations that make your team faster, many of these tools are free or cost FAR less than traditional methods. Now you can reach out to sellers, redesign a rental, and have tasks automatically assigned at the SAME time while you focus on building your business. In This Episode We Cover How AI (artificial intelligence) is changing the way real estate investors do deals How Mark from Boostly made six figures by sending this “personalized” video to prospects The “scraper” tool that can save you dozens of hours by automatically grabbing property information Remodeling and redesigning a rental in MINUTES (even if you have ZERO experience) What to do when/if AI takes over and how to set yourself apart from the “lazy” investors And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Dave's BiggerPockets Profile Dave's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Catch Mark at BPCon 2023 Hear Mark’s Past Episode on Direct Bookings Brivity Cody REImagineHome Remodeled.ai Tavus BiggerPockets Podcast with Alex Hormozi Jesse Vasquez on Airbnb Robuilt on ChatGPT Connect with Mark: Boostly Website Email for Prompt List Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-811 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Tom Brady is the GOAT (greatest of all time). But that makes his performance coach, Greg Harden, the GCOAT (greatest coach of all time). Greg has been coaching elite athletes like Tom Brady, Michael Phelps, and Desmond Howard, as well as top executives at some of the most well-known companies in the world. He knows what makes someone successful and, more importantly, what does not. But you’re probably thinking, “What do I have in common with Tom Brady?” Ask yourself a few questions. Do you want a better life? Do you want to win? Do you want to enjoy the time you’re not working? What could life be like without fearing the future? All of these questions are answered by Greg today, and they’re the same questions he’s been answering for decades to help top athletes reach their peak. In today’s show, Greg explains why giving 100%, 100% of the time is the ONLY option for success, how consistency beats skill, why you’re not changing (even though you want to), and how to turn your fear into an eternal fire that will make your life better than it’s ever been before. In This Episode We Cover The mental secrets that only elite athletes know about How to let go and why your past baggage is self-sabotaging your life Controlling the controllables and how to stop letting life push you around The real way to relax and why only the best of the best know how to turn off Why fear is more predictable than you think and how to turn anxiety and ego into fuel for your fire And So Much More!
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-810 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Recorded at Spotify Studios LA. Learn more about your ad choices. Visit megaphone.fm/adchoices
Just six years ago, Corey Kent was a broke college graduate, renting out half of a room to save money, eating the same meal every day of the week. His dream was to make a living as a musician without selling out. Now, most country music fans know Corey's name and his platinum record speaks for itself. But what you don’t know is that Corey fueled his music career thanks to a handful of properties he bought years ago. Corey’s side project real estate portfolio allowed him to launch his music career, make passive income when times got tough, and fall on his feet when the world was shut down. Corey was looking to invest in property at just seventeen years old, but when a bank turned him away, he had to change his entire mindset and learn the personal finance game from a very early age. After his grandfather taught him the do’s and don’ts of buying raw land, Corey slowly built his real estate portfolio. At this time, Corey was below the poverty line, sleeping in his truck and saving whatever money he could to invest. He continued to buy property, EVEN when times were tight, successfully using his passive income to help him leapfrog into later becoming a chart-topping musician who now can follow his one true passion. In This Episode We Cover: Investing in real estate when you have low (or no) credit Buying land and the rule of thumb that Corey ALWAYS follows before he invests Corey’s “side project” passive real estate portfolio that helps pay for his lifestyle How one rental property saved Corey’s family when the lockdowns began Why real estate DOESN’T need to be your passion to build passive income And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Dave's BiggerPockets Profile Dave's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube 12 Ways To Make Passive Income From Real Estate Investing The Risks and Rewards of Investing in Raw Land Is Raw Land the Most Underrated Asset of 2023? Connect with Corey: Corey's Facebook Corey's Instagram Corey's Website
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-809 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Real estate investing is about to get much, much easier. Up until now, buying a property has seemed like a guessing game. Your real estate agent, inspector, and title company do their best to ensure you’re buying the right home, but a few months, or weeks, into owning it, something breaks. But not something small—something huge. Now you’re on the hook for tens of thousands in repairs, and this is just one of many things that could go wrong. What if there was a way to see EXACTLY what a home has been through since it was built? What if you could know about every past owner, system malfunction, renovation, repair, or addition to the home? And what if you could access it in seconds when analyzing deals? Sheila Fejeran and Teresa Grobecker from Consortia are building the technology that lets you do just that. Consortia is real estate on the blockchain. But before you start thinking crypto, know that this is something MUCH different. Consortia gives interested parties—lenders, agents, buyers, and more—access to information you would have NEVER known about a home. But that’s not all. Consortia makes closing and lending quicker, so you can buy a house FAR faster than ever imagined. In This Episode We Cover: How the “CARFAX for properties” will make buying rentals painless The blockchain explained and how it will evolve the entire real estate industry Uncovering unknown property risks and how investors can use Consortia to buy even better deals Stopping wire fraud in its tracks and how blockchain could solve this HUGE payment problem Why you should NEVER, ever decline title insurance on a property purchase And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Dave's BiggerPockets Profile Dave's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube 4 Reasons Cryptocurrencies & Blockchain Technology Are Poised to Transform Real Estate Learn More About Consortia Connect with Sheila and Teresa: Sheila's Facebook Sheila's Instagram Sheila's LinkedIn Teresa's Facebook Teresa's Instagram Teresa's LinkedIn
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-808 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Want to grab the best real estate deals before the rest? The properties with motivated sellers, high-profit potential, equity upside, and BIG cash flow—the real estate deals that every investor dreams about getting. Well, what if we told you that top investors have a tried-and-true way to get them before anyone else and that they do this consistently, every day, every year, while ninety percent of investors are forced to buy their scraps? Of course, we’re talking about funnels. Not the cake you buy at the fair or the thing you use to pour oil—we’re talking about real estate marketing funnels, and if you know how to use them, you can make money at ANY TIME with ANY property. James Dainard and Sam Primm have been using marketing funnels for years to get off-market deals sent their way. But they’ve also used them to get agent business, find property buyers, and build investor lists. So how do they do it? Today you’ll get a masterclass on building your own investing funnel, so you can get the best deals sent to you instead of picking up low-profit on-market properties. This is the same system the TOP investors are using, and if you repeat the steps outlined today, you’ll be able to build a bigger portfolio, create more passive income, and reach financial freedom faster. In This Episode We Cover: How to find more real estate deals, buyers, sellers, and investors in ANY market The #1 thing you MUST do when creating a real estate marketing funnel Metrics and KPIs (key performance indicators) to track (so you don’t waste $$) TV ads, direct mail, cold calling, and other funnel sources you can use to grab deals What to do when your funnel is costing you money but not providing the leads you need And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Hear James on The “On The Market” Podcast Wherever You Listen to Podcasts: BiggerPockets Apple Podcasts Spotify Hear Our Last Episode with James and Sam on Finding Off-Market Deals The 6-Step Funnel Needed to Find Unlimited Real Estate Deals Easy Button Leads PropStream Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Connect with James and Sam: James' BiggerPockets Profile James' Instagram James' Website Sam's BiggerPockets Profile Sam's Instagram
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-807 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Small multifamily investing is one of the fastest ways to reach financial freedom through real estate. With just a few multifamily rental properties, you can create passive income streams that’ll allow you to retire from your W2 job, go full-time into real estate investing, or have enough money to do whatever you want, whenever you want. Don’t think it’s still possible? Dave Meyer, multifamily investor and VP of Data and Analytics at BiggerPockets, may change your mind. Dave started investing in real estate by buying a couple of small multifamily rentals within a block of each other. He lived in one of the units while renting out the others, allowing him to live for free and collect some sizable cash flow. Now, years later, Dave is collecting around $5,000 per MONTH from just these two properties. And if you invest in small multifamily rentals, you could experience the same cash flow! If you want to invest like the experts and use the tools and calculators from this episode, sign up for BiggerPockets Pro and use code “FAMILYPOD20” for a discount! In This Episode We Cover: How to achieve financial freedom by investing in SMALL multifamily real estate The four MAJOR benefits small multifamily boasts and why you’ll want to get in NOW The financial freedom formula and calculating out how much you REALLY need Financing your small multifamily rentals using loans and creative financing How to use the BiggerPockets Rental Property Calculator to calculate cash flow, cash-on-cash return, and long-term profit The dangers you MUST look out for before investing in ANY multifamily deal And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Rental Property Calculator Rent Estimator DealMachine ListSource Grab the Small Multifamily Slides and Worksheet: Slides Worksheet Already Pro? Check Out Pro Exclusive Videos! Sign Up for a BiggerPockets Bootcamp Hear Dave on The “On The Market” Podcast Wherever You Listen to Podcasts: BiggerPockets Apple Podcasts Spotify Dave's BiggerPockets Profile Dave's Instagram Book Mentioned in the Show: Real Estate by the Numbers by J Scott & Dave Meyer The Multifamily Millionaire by Brandon Turner Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-q3-1 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Want to invest in multimillion-dollar multifamily deals? You might think you don’t have what it takes to take down seven or even eight-figure real estate investments, but you’d probably be wrong. Today’s guests went from buying $99,000 rental properties to $11M multifamily apartment complexes while raising young children. So how do you scale from small to large multifamily and do it at a time when asset prices are so high, and competition remains fierce? David Greene is joined by Matt Faircloth, instructor of the BiggerPockets Multifamily Bootcamp and author of Raising Private Capital. If you’re an avid BiggerPockets listener, you’ve probably heard Matt before on our past multifamily episodes. Today, Matt brought two of his students, Breanne Weber and Denise Mayen, to touch on how they went from real estate rookies with a few flips and rentals to chasing $11M multifamily real estate deals. Breanne and Denise walk through their steps to find, analyze, and raise capital for massive multifamily deals. From finding the right partners to building your team, splitting roles and responsibilities, and chasing deals that seem almost impossible, today’s episode is for ANYONE who wants to level up their real estate portfolio and get into bigger properties with better profits. In This Episode We Cover: How to go from small to large multifamily investments and why you need to be “adding more zeros” Finding your perfect real estate partner and what they should have that you don’t Raising private capital for your real estate deals and why it’s not as hard as you think The four real estate “superpowers” your team MUST possess to get big deals done Diving deep into the $11M, 104-unit deal Breanne and Denise got under contract When to walk away from a real estate deal and how to know it’s too much to handle And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Matt's BiggerPockets Profile Derosa Group Sign Up for a BiggerPockets Bootcamp Book Mentioned in the Show: Grab The Revised Edition of “Raising Private Capital” by Matt Faircloth Connect with Breanne & Denise: Breanne's BiggerPockets Profile Denise's BiggerPockets Profile Braid Capital Instagram
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-806 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Think every housing market is too expensive to buy in? Think again. We’re going over two of the country’s biggest cash flow housing markets and showing why they may be your next best bet when buying rental property. And while, traditionally, cash flow real estate markets have been associated with constant turnover, low appreciation, and consistent headaches, these two markets defy the odds—if you know where to buy. Peter Stewart, Indianapolis agent and investor, is on today to discuss why his underrated but surprisingly lucrative housing market deserves your dollars. He’s got clients doing BRRRRs, flips, and regular rental properties with crazy cash flow numbers and returns in the triple-digit percentages! Then we talk to Brandon Ribeiro, Philadelphia commercial agent who recently scored his buyer a rock-bottom mortgage rate (3%!) that will double the cash flow on his newest property. Interested in investing in markets like this? Need a local expert to guide you through the buying process? Check out BiggerPockets Agent Finder to connect with an expert agent in your area. It’s completely free, and you’ll get matched with experts who can talk about cash flow, not just granite countertops. In This Episode We Cover: Two cash flow real estate markets with strong signs for buyers The market metrics you MUST look at before buying in ANY area The “danger” of investing in cash flow areas and what you MUST avoid when doing so The 130% cash-on-cash return BRRRR that you can buy in THIS market How to lock down a rock-bottom mortgage rate with seller-financing And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Book Mentioned in the Show: Buy, Rehab, Rent, Refinance, Repeat by David Greene Connect with Brandon & Peter: Brandon's BiggerPockets Profile Brandon's Instagram Brandon's Website Peter's BiggerPockets Profile Peter's Facebook Peter's Instagram
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-805 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Support the relief efforts for the Maui wildfires by donating to the organizations below or clicking here. Together, we can make a difference for those affected by this tragic event:
HAWAI‘I COMMUNITY FOUNDATION: https://www.hawaiicommunityfoundation.org/maui-strong MAUI UNITED WAY: https://mauiunitedway.org/ MAUI FOOD BANK: https://mauifoodbank.org/ MAUI HUMANE SOCIETY: https://www.mauihumanesociety.org/ RED CROSS: https://www.redcross.org/local/hawaii.html _____
Real estate investing isn’t what it used to be. Back in 2010, in a post-crash housing market, almost any property in any area could cash flow easily. Back then, the question wasn’t “Where are the deals?” It was “Which deal should I buy?” But things have changed, and now in 2023, homes are hard to purchase, let alone cash flow, and more and more real estate investors are giving up simply because they don’t know the new rules of the game. So, here’s what you NEED to know. Before we unlock every wealth-building secret in the book, let’s welcome back Danny Zapata, Philip Hernandez, and Wendy St. Clair, our recent mentees of the ninety-day mentorship! We brought them back on the show to talk about deals they’ve done, the progress they’ve made, and where they’ve fallen off track. One mentee left their job, another is handling headache evictions, and one had to put a pause on real estate. But now, they’re ALL ready to expand their empires, but they’ll need some advice first. In this episode, David and Rob show you how to get more real estate deals TODAY, why you’re doing meetups all wrong, the reality of cash flow and why “mailbox money” isn’t what it used to be, and what to do when you CAN’T find the momentum to keep growing your wealth. In This Episode We Cover How to find more real estate deals instantly (even in 2023!) The “reverse escalator” of wealth and why most Americans are getting left behind What to do when you’ve lost momentum along your real estate journey Replacing your job with real estate and the smartest, cheapest way to buy home-run rental properties Why you MUST sacrifice short-term cash flow for long-term wealth And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Attend a BiggerPockets Meetup BiggerPockets Podcast 708 BiggerPockets Podcast 719 BiggerPockets Podcast 726 BiggerPockets Podcast 738 Connect with Danny, Philip, And Wendy: Danny's BiggerPockets Profile Danny's Instagram Philip's BiggerPockets Profile Philip's Instagram Philip's Website Wendy's BiggerPockets Profile Wendy's Instagram Recorded at Spotify Studios LA.
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-804 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Want to build a million-dollar real estate portfolio? We’ve got good news for you! You DON’T have to rush full-steam ahead, buying every property that crosses your path to reach financial freedom. That’s right, instead of buying dozens of units a year, you can buy a dozen units within a couple of decades, taking the slow, steady path to building wealth instead of ferociously racing to rack up as many rentals as possible. While it may sound like every real estate investor is constantly on a buying spree, this is far from the truth. Investors like Andy Gil have been able to build seven-figure real estate portfolios without sacrificing time with family or infringing on their morals to make more money. Far from it, actually; Andy is outwardly trying to make it easier for often neglected renters to find a safe place to stay. Through the past two decades, Andy has been building his rental property portfolio up to the twelve units it is today. He never thought he would be the person to buy a house, let alone own a rental portfolio. Still, thanks to his differences that make him a superhero in aspects most investors would dread, he’s built serious wealth without sacrificing what’s important. In this episode, you’ll hear precisely how Andy did it, his “T-Rex” policy that entices renters, outsourcing your weaknesses, and using your differences to build wealth. In This Episode We Cover: Andy’s “T-Rex” rental policy that leads to low vacancy and a steady stream of passive income Outsourcing your weaknesses and why you MUST know what you don’t do well Buying a “fractured condo association” and why Andy is all-in on this uncommon asset class Taking obstacles and turning them into opportunities along your investing journey How multifamily real estate investors can prepare for an upcoming wave of vacancies Why unit count DOESN’T matter, but the wealth in those units does! And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube A Slow, Steady, and Sustainable Way to Buy Rentals The Ultimate Guide to Adding Systems & Outsourcing to Work Less in Real Estate Going Into Multifamily When You’re Fairly New to Real Estate Connect with Andy: Andy's BiggerPockets Profile Andy's Instagram
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-803 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Codie Sanchez doesn’t believe in passive income but still makes millions of dollars a year with businesses that don’t require her input. To her, building businesses isn’t the “set it and forget it” dream that most investors think it will be, but it sure beats having a job. Codie has built her wealth by buying “boring” businesses that most people overlook. Car washes, laundromats, and self-storage are some of her portfolio favorites, and they could make you a killing too. So, what business should you buy? In today’s episode, Codie goes over the exact type of businesses real estate investors should be looking into, what to do before you even begin your search, and how to hire someone else to run the business so you don’t have to. But you might think, “I have no experience doing ANYTHING like this.” Thankfully, you don’t need to be a former CEO or investing expert to buy profitable boring businesses, but you need something almost everyone has. From there, Codie dives deep into the secret of “talent management” and how to keep great employees around while making them rich, plus the one partnership tip that could stop you from getting scammed and losing hundreds of thousands of dollars (this happened to Codie). Want to buy a business and leave your nine-to-five behind? Tune in! In This Episode We Cover: How to buy a “boring” business that will build wealth for you The passive income scam and why the money you make comes with a cost Hiring out your business so you can spend time doing what you want The talent management “secret” and how to keep the best employees around for decades The businesses that real estate investors should look at buying Codie’s rules of thumb that she follows when buying ANY type of business And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube BiggerPockets Real Estate Podcast 614 BiggerPockets Money Podcast 416 BiggerPockets Business Podcast 105 Buying and Growing a Small Business With Little to No Risk Books Mentioned in the Show: Winning by Tim Grover Connect with Codie: Contrarian Thinking Codie's Instagram Codie's LinkedIn Codie's Twitter Codie's YouTube
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-802 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
No time or money to invest? You need a real estate partnership. What keeps almost every real estate rookie from investing is the fear that they’ll fail or that they don’t have enough to get started. But what if you could join forces with an experienced investor and learn the real estate investing game while gaining equity? Or, what if you’re busy making money from a high-paid job or business and don’t want to manage tenants, toilets, or trash? Well, there’s a good chance a partnership could take your passive income to the next level. To help unlock the world of real estate partnership, Ashley Kehr and Tony Robinson from the Real Estate Rookie podcast join us and give a glimpse into their new book, Real Estate Partnerships. In it, they talk about the four reasons why most investors need a partner, where to find the right person to invest with, the different types of partnerships (equity vs. debt), and red flags that you CAN’T ignore. Both Ashley and Tony have built multimillion-dollar real estate portfolios thanks to partnering up. So, if you’ve tried to go at it alone and aren’t having much luck building wealth, this may be your sign to start searching for a partner who will help you build your rental property portfolio! Grab your copy of Real Estate Partnerships and use code “PARTNER801” at checkout for an exclusive discount. In This Episode We Cover: The four signs that you NEED a partnership to succeed in real estate The red flags to RUN away from if you see them in a potential partner Debt partnerships vs. equity partnerships and how the wrong one could kill your deal The partnership agreement and why you MUST sign one before you start investing together Where to find the perfect real estate partner (they’re closer than you think!) And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Grab Your Copy of “Real Estate Partnerships” and Use Code “PARTNER801” at Checkout How to Use the DISC Profile to Communicate Effectively in Business Connect with Ashley & Tony: Ashley Kehr's BiggerPockets Profile Ashley's Instagram Real Estate Rookie Podcast Tony Robinson's BiggerPockets Profile Tony's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-801 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Recorded at Spotify Studios LA. Learn more about your ad choices. Visit megaphone.fm/adchoices
Want to be a millionaire? We sat down with Codie Sanchez, Alex and Leila Hormozi, Mikey Taylor, Cody Davis, Christian Osgood, and other multimillionaires and distilled their most critical investing, business, and entrepreneurship advice into one episode. But we couldn’t unleash all this wealth-building content on any old episode, so we packaged it up and made it into our episode 800 special! This time, we’re not just hearing from one successful guest but dozens of them as we get their take on the biggest mistakes, the worst wastes of money, the best advice they’ve ever received, and whether or not you’re too old (or young) to get rich. You’ll hear what’s holding them back today and the one thing they wished they had done earlier that would have made them millions more and saved thousands of hours. Stick around because this episode is a masterclass on making your first (or next) million from investors who are playing the game better than anyone else. Be sure to keep an eye on the BiggerPockets feed, as these full interviews will be released over the next few weeks! In This Episode We Cover What you should NEVER ignore if you’re building a rental portfolio or business Why focusing on making money while you’re young is a WASTE of time The $3,000 purchase that Alex and Leila Hormozi wish they could take back Why you DON’T need money to make millions and an eight-figure mistake you CAN’T repeat Building your systems and processes NOW so you can relax while others work for you Shiny object syndrome and how it’s secretly making you broke And So Much More!
Recorded at Spotify Studios LA. Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-800 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Recorded at Spotify Studios LA. Learn more about your ad choices. Visit megaphone.fm/adchoices
You can build a multifamily real estate portfolio without a ton of money, risk, or time. Cody Davis and Christian Osgood built their multimillion-dollar rental property portfolio in a matter of years, using strategies that ANYONE, no matter their experience level, can use. But, how they do things is a little unconventional and probably goes against everything top real estate investors have been telling you. While the world looked to lock down as much debt as possible during 2020-2021’s low mortgage rates, Cody and Christian sought something else. This dynamic investing duo wanted long-term debt on excellent properties that could be paid off quickly, enabling them to own their portfolio outright. This meant that Cody and Christian would have to sacrifice a substantial amount of cash flow, keep their spending low, and only buy the best properties out there. How Cody and Christian bought the properties is a strategy you most likely haven’t heard of before. It’s so ingenious that if you follow the same steps as Cody and Christian, you’ll be able to get THE best properties, at the best price, from a seller who WANTS you to make money off them. Doesn’t sound possible in such a cutthroat industry, does it? Stick around to learn the EXACT steps Cody and Christian took to build their low-risk, high-reward, eight-figure portfolio. In This Episode We Cover: How Cody and Christian built a 130-unit rental portfolio in just a few years The three simple steps to seller financing and why you NEVER ask if an owner is selling Working with realtors and how to turn on-market deals into off-market steals Where to find seller-financed properties and owners that are most likely to sell Mortgage rates, bank loans, and how to choose your own terms on your next loan How to NEVER lose your wealth and why most investors are in for a rude awakening And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube BiggerPockets Podcast 554 with Cody BiggerPockets Podcast 605 with Christian How Cody Davis Acquired 81 Units By The Time He Turned 21 The Definitive Guide to Using Seller Financing to Buy Real Estate Connect with Cody & Christian: Cody's Instagram Christian's Instagram Christian's BiggerPockets Profile YouTube Website
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-799 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Recorded at Spotify Studios LA. Learn more about your ad choices. Visit megaphone.fm/adchoices
Leila and Alex Hormozi are arguably the most popular business owners on the internet. After growing Gym Launch, one of their first major brands, and selling it for many millions, Leila and Alex knew that they had the secret sauce for building businesses. When someone asked them to use the same strategy for another brand, the idea of Acquisiton.com was born, and the seven, eight, and nine-figure wealth building began. Now, Leila and Alex are running Acqusition.com at a rate that most entrepreneurs couldn’t even fathom. Their monthly revenues alone blow most businesses’ yearly numbers out of the water. And they’re doing it all as husband and wife, with less bickering and a lot more business getting done. Almost every wannabe entrepreneur wants what Leila and Alex have, so what’s their blueprint to success? In this episode, Leila and Alex break down how they’ve built their nine-figure businesses, the secret to scaling your brand and making millions, the do’s and don’ts of working with your spouse, and Alex’s new book, $100M Leads. This is a masterclass in running your business the RIGHT way, and if you want to build multimillion-dollar wealth, you CANNOT miss this episode. In This Episode We Cover: Leila and Alex’s business blueprint and the exact way they build their brands The secret to scaling and why it’s SO hard to hire the right people Leila and Alex’s surprisingly simple investing advice that the wealthy follow Working with your spouse and when you should (and shouldn’t) invite your partner to work with you Who you should hire FIRST when building your small business The eight ways to build eight-figure revenue streams for your business And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Hear Our Previous Interview with Alex Sign Up for the “$100M Leads” Live Virtual Event Leila on How to go from $0 to MILLIONAIRE Books Mentioned in the Show $100M Offers by Alex Hormozi Connect with Alex: Alex's Instagram Alex's LinkedIn Alex's Twitter Alex's Website Connect with Leila: Leila's Instagram Leila's LinkedIn Leila's Twitter Leila's Website
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-798 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Recorded at Spotify Studios LA. Learn more about your ad choices. Visit megaphone.fm/adchoices
Most people take YEARS to buy their first rental property, but most people aren’t Jenni Vega. Instead of waiting, Jenni bought seven rentals in just three years, with almost unbelievable cash flow on each using what she calls the “golden triangle” method of investing. With this simple framework, Jenni was able to buy undervalued properties in cities that most investors don’t even have on their radar. The properties are cheaper, the profits are bigger, and if you copy Jenni’s method, you, too, can build a six-figure side income stream in just a few years. Surprisingly, Jenni still keeps her day job as a Cutco closing gift saleswoman. In fact, it’s what got her into real estate. After working with dozens of realtors a week, Jenni learned about buy and hold rental property investing. It didn’t take long before she bought her first property in an area most investors would avoid. But, thanks to careful planning and intentional investing, Jenni turned this cheap property into a $50K/year revenue stream. And that was just the start. Now, breaking all the “real estate rules,” Jenni is out to prove that almost any property can become a profitable vacation rental. Whether she’s adding game rooms, "redneck mini golf" courses, or cowboy pools, Jenni has turned lackluster properties into top-performing short-term rentals. If you follow her advice, you can do it too! In This Episode We Cover: The “golden triangle” method that ensures your rental will always be full Breaking the “real estate rules” and why boring locations bring in BIG cash flow Quitting your nine-to-five and why keeping your active income stream may be a better idea Unique amenities that will make your vacation rental stand out in a saturated market The short-term rental listing tip that could give you a boost in bookings How to invest in short-term rentals in 2023 (and what to avoid before you start) And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Tony's BiggerPockets Profile Tony's Instagram Tony's YouTube Hear Tony on the “Real Estate Rookie” Podcast Subscribe to the “Real Estate Rookie” YouTube Channel Learn About Tony’s Recent Deal Gone Wrong Books Mentioned in the Show HOLD: How to Find, Buy, and Rent Houses for Wealth by Steve Chader Connect with Jenni: Jenni's BiggerPockets Profile
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-797 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
We’ve got 2024 housing market predictions coming up in this episode. But don’t worry, David and Rob haven’t put their careers on the line to try and guess where home prices will be next year. Instead, we brought the expert panel from On the Market to give their best real estate predictions so David and Rob remain safe in the eyes of our darling listeners. Dave Meyer, host of On the Market and BiggerPockets VP of Data and Analytics, recaps the 2023 housing market and tells us what (and where) to look for as the year’s second half begins. Dave and the expert investor panel will review everything that happened over the past six months in real estate. From home prices correcting and failing to crash to inventory falling back down to historic lows, days on market dwindling, and the “lock-in effect” for homeowners, the 2023 housing market turned out to be nothing we would have expected. But is there hope for rental property owners and real estate investors? To answer that, our guests will give their mortgage rate, recession, and home price predictions. But that’s not all. They’ll also uncover some of the most underrated real estate markets across the nation, all showing strong signs of growth and huge profit potential. Get in before the masses do, and for more up-to-date real estate data, check out On the Market! In This Episode We Cover: The housing market correction explained and why we never had the crash so many predicted Inventory updates and why homeowners are too “locked-in” to sell their homes Mortgage rate predictions and where we could see rates end up in 2024 Home price forecasts and why one expert guest still thinks we’ll see sizable price jumps Three “under the radar” real estate markets that you’ve (probably) never heard of The #1 place to live in the US that has homes for half the US average! And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Listen to The “On The Market” Podcast Wherever You Listen to Podcasts: BiggerPockets Apple Podcasts Spotify Subscribe to the “On the Market” YouTube Channel The BIG Economic Implications of US Bank Failures w/Mark Zandi NW Arkansas Skyline Reports Connect with Dave, Kathy, Henry, & James: Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram Henry's Website James' BiggerPockets Profile James' Instagram James' Website Kathy's BiggerPockets Profile Kathy's Instagram Kathy's Website
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-796 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Rental properties and early retirement go together like peanut butter and jelly. If you want to leave your nine-to-five behind, make six figures, and have ultimate time freedom, real estate investing may be your best bet. But, with so many influencers constantly pushing “more doors,” it seems like real estate is becoming a death race to retirement, not something that grants total financial freedom. If you want to ACTUALLY retire early, with fewer headaches, and a lot of passive income, Chad “Coach” Carson is who you should listen to. For the past year, Chad and his family have been living abroad in Spain. He’s taken time to learn Spanish, lounge around, and have a siesta while his rental properties create his passive income. The best part? Chad spends two hours (yes, TWO) a week running his rental property portfolio. But Chad didn’t need to build a real estate portfolio of a billion units to accomplish his goal of ultimate time flexibility. Instead, he built a “small and mighty” portfolio. In today’s episode, Chad walks through how to build a rental property portfolio that will help you reach financial freedom without owning hundreds of units. He also uncovers why debt and leverage aren’t always the best option and why you should pay off your properties before they’re due! You can learn more about Chad’s exact strategy in his new book, “The Small and Mighty Real Estate Investor.” Use promo code “SMALL795” for a special discount! In This Episode We Cover: How to retire early with rental properties and only work two hours per week When to take profits and when to reinvest in your portfolio Delayed gratification and why you SHOULD take “mini-retirements” on the road to financial freedom The five most commonly believed myths about building a real estate portfolio Paying off your rentals early and the double benefit of being debt-free And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube BiggerPockets Podcast Ep 84 BiggerPockets Podcast Ep 141 BiggerPockets Podcast Ep 293 Real Estate Rookie Podcast Ep 306 BiggerPockets Money Podcast Ep 19 Books Mentioned in the Show BRRRR by David Greene Long-Distance Real Estate Investing by David Greene Pick up your copy of “The Small and Mighty Real Estate Investor” and use code “SMALL795” Connect with Chad: Chad's BiggerPockets Profile Chad's Podcast Chad's YouTube
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-795 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Is your market worth buying in? With the economy on shaky footing, now ISN’T the time to guess. And once you find your investing area, how do you ensure your rental property will profit? Even in 2023, when cash flow is low, and home prices are high, it doesn’t take long to determine whether a rental is worth your money (or time). And, if you’re still trying to get your FIRST real estate deal, odds are you’re probably spending HOURS finding deals and crunching numbers. So let’s speed up the process. In this webinar bonus, Dave Meyer, BiggerPockets VP of Data and Analytics and On the Market host, will walk through EXACTLY how to analyze a rental property in minutes, the tools he uses to calculate cash flow, cash on cash return, and more, and how to know whether or not a real estate market is worth investing in. With mortgage rates rising and affordability at historic lows, Dave was STILL able to find a property that produced positive cash flow. So, if Dave can find a deal like this, why can’t you? Stick around to learn how to calculate rental property profits in MINUTES and which markets are worth the money. Ready to invest? Sign up for BiggerPockets Pro and use code “DEALANALYSIS” for 20% off an annual membership! In This Episode We Cover: How to analyze a real estate deal in any market, even if you have NO experience The 2023 housing market and whether or not now is the right time to invest Running a live deal analysis with the BiggerPockets Rental Property Calculator Picking your real estate market and signs of one you should invest in The EASIEST way to analyze deals and grow your rental portfolio faster And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Dave’s BiggerPockets Profile Dave’s Instagram Rental Property Calculator On the Market Podcast How to analyze a rental property Book Mentioned in the Show Real Estate by Numbers by Dave Meyer
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-q3-1 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Creative finance is a home-buying hack that most people don’t know about. If you know what it is and how to use it, you can pick up properties for only a hundred dollars, build your rental portfolio faster than ever, and reach financial freedom in mere years. And in 2023, when the housing market is still hot, and home prices have barely cooled off, creative finance could be the solution to no cash flow and overpriced deals. But before you creatively finance your next rental property, you’ll need to know which strategy to use and when to use it. Jenn and Joe Delle Fave used creative finance to move from snowy Upstate New York to sunny Florida after escaping soul-crushing work. Jenn, a former teacher, loved her career, and the time she spent with her kids. But Joe was stuck at the car dealership, working late into the night, sacrificing family time to make more money. He knew he needed a way out but didn’t want to give up the financial security of a W2. Everything changed when he had the “light bulb” moment to try creative finance. Now, Jenn and Joe have run a full-time investing business, picking up pristine properties using strategies like seller financing, subject to, or wrap mortgages. They’ve acquired properties for very little down in some of the most competitive neighborhoods in the country, growing wealth WITH the time freedom they desired. Jenn and Joe give invaluable advice on which strategies work for which seller, the easiest way to get leads sent to you, and how you build wealth with real estate faster. In This Episode We Cover: The EASIEST way to get dozens of off-market properties sent to you EVERY DAY The best creative financing strategies and when to use each Wrap mortgages explained and taking advantage of someone else’s low mortgage rate Time freedom and the “golden handcuffs” that stop you from accomplishing your dreams The one thing you should ask EVERY seller before you buy a property Investing with a spouse and the benefits of building a business together And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Hear Our Recent Episode with Creative Finance Master, Pace Morby What Is Creative Financing And How To Use It In Real Estate Connect with Jenn & Joe: Jenn's BiggerPockets Profile Jenn Instagram Joe Instagram Jenn & Joe's Facebook Group Jenn & Joe's YouTube
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-794 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Don’t know how to analyze a rental property? After this episode, you’ll be a rental property analysis pro, knowing exactly how much money you’ll make on your first, second, or next real estate investment. But don’t worry; you won’t need any complex formulas, dense spreadsheets, or complicated math to calculate how much cash flow you’ll collect from your real estate deal. Instead, you can use the EXACT methods we show to analyze investment properties in minutes, EVEN if you’re a real estate rookie! Wait? Did David and Rob morph into the queen of upstate real estate, Ashley Kehr, and short-term rental/skincare expert, Tony Robinson? Fortunately, David and Rob are safe and sound, and in this episode, Ashley and Tony from the Real Estate Rookie podcast will teach you EXACTLY how to analyze real estate deals in 2023. From long-term to short-term rentals, BRRRR properties, and choosing your real estate market, Ashley and Tony will go through everything you need to ensure your first or next real estate deal is a home run. Our hosts will go step-by-step through analyzing a real estate investing market, signs of one you should invest in, building your “buy box,” analyzing a long-term, short-term, and BRRRR investment property, and how the 2023 housing market has changed. If you’re still waiting to get a rental property under contract, this is the place to start! In This Episode We Cover: How to analyze a rental property, short-term rental, or BRRRR investment from scratch 2023 housing market updates and what you MUST know before buying Using the BiggerPockets rental property calculators to analyze properties in minutes Where to find insurance prices, property taxes, and other KEY variables The three things you MUST know before analyzing an Airbnb or vacation rental Financing your real estate deal and rental property loans you can use to purchase an investment property! And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Ask David Your Real Estate Investing Question Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram BiggerPockets Calculators Used in This Episode: Rental Property BRRRR Rent Estimator Tune into The “Real Estate Rookie” Podcast: Podcast YouTube Grab Tony’s Short-Term Rental Calculator BrightInvestor NeighborhoodScout Policygenius PriceLabs Propstream Investor Shout-Outs: Amy Mahjoory Lattes and Leases Zosia Madden (Rookie Ep 301)
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-793 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Want to know EXACTLY how to wholesale real estate in 2023? If so, you’re in luck. Today, you’ll get a sneak peek of Jamil Damji’s newest book, How to Wholesale Real Estate. In it, investing expert and On the Market co-host Jamil Damji walks through exactly how to start wholesaling houses, even if you have no money or experience. But it’s not just about collecting checks from work you’ve done yourself; Jamil also teaches how to build a scalable business so you can focus on living life, not flipping contracts. Want to pick up How to Wholesale Real Estate and other BiggerPockets best-selling audiobooks for 50% off? Head to https://www.biggerpockets.com/audiobooks to get your next BiggerPockets audiobook for half the price. Hurry! This sale ONLY lasts 24 hours! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Ask David Your Real Estate Investing Question David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Hear Jamil On the “On the Market” Podcast Book Mentioned in the Show: How to Wholesale Real Estate by Jamil Damji Wealth without Cash by Pace Morby BRRRR by David Greene Connect with Jamil: Jamil's BiggerPockets Podcast Jamil's Facebook Jamil's Instagram Jamil's YouTube
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-792-5 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Want to know how to start a business? One that will help you reach financial freedom, find purpose, and give you more opportunity to spend time with your family? Those are the reasons why almost all of us get into real estate investing, and while having a couple of rentals may not sound like a business to you, running your portfolio like a business will have immeasurable effects on your life. But first, you’ll need to know how the pros build businesses. Gary Harper, esteemed business coach, went from a rental property investor shooing away copper thieves to Fortune 500 executive and now teaches other entrepreneurs how to do the same. He knows what it takes to build a successful business, why so many entrepreneurs fail, and how to delegate and eliminate tasks to build a business you enjoy running. Sounds like a dream, right? In this special edition of Seeing Greene, David and Rob will take listener questions on starting a business, building a rental property portfolio, real estate partnerships, and what parents should do when entering the high-stress world of entrepreneurship. You’ll also hear why being fixated on profit could be a BIG mistake. All that and more are coming up in this episode! In This Episode We Cover: Going from employee to entrepreneur and what to focus on when building a business Scaling a busy business and how to start outsourcing and automating tasks you don’t want to do The “coaches” you can’t trust and signs that a mentor ACTUALLY has experience Real estate partnerships and one of the biggest mistakes you can make when buying a property together The work-life balance lie and what you should be focusing on instead How parents can balance raising kids and building a real estate portfolio And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Ask David Your Real Estate Investing Question David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube 15 Things Every Newbie Needs to Know About Starting a Business Work-Life Balance Is a Lie — Here’s How to Really Stress Less Grab a Free Leadership Lesson from Gary Connect with Sharper: Sharper's Facebook Sharper's Instagram Sharper's YouTube
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-792 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Nate Shields and Troy Zimmerman had a straightforward goal: get to one hundred rental units in ten years. Now, near the halfway mark, Nate and Troy have made almost unbelievable progress in a real estate market most investors perceive as radioactive. With overpriced properties everywhere you look, out-of-whack cash flow, and high mortgage rates, will good deals ever come back? Thankfully for Nate and Troy, finding a deal was never the assignment; making a deal was. After going through difficult partnerships in the past, Nate and Troy were hesitant to hop in the game together. But after years of getting to know each other’s strengths and weaknesses, it was only natural for them to tackle big deals together instead of small deals apart. Now, with forty rental units under their belt, they’re well on their way to hitting their hundred-unit goal. But this wouldn’t have worked out if they hadn’t made one special phone call. In this episode, Nate and Troy will review their most recent acquisition, a fourteen-unit apartment complex with tricky financing in northwest Alabama. They’ll also share how calling one desperate listing agent unlocked a deal flow that brought dozens of units directly to them. If you’re struggling to invest in today’s demanding market and don’t think there are any deals worth the effort, this episode could change everything for you. In This Episode We Cover: The “desperate” real estate deals that NOBODY is looking at (and where to find them) Real estate partnerships and why investing together beats going at it alone Exit strategies and the BIG mistake most partnerships make when getting started Why you might be just one phone call away from the best real estate deal of your life Seller financing and how to use it to lower your loan costs and get a tricky deal done Raising private capital and who you should (and shouldn’t) accept money from And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Are You an Agent? Work with Nate to Get More Leads! Partnerships: What to Do Before You Jump in With Another Investor Connect with Nate & Troy: Nate's BiggerPockets Profile Nate's Instagram Troy's BiggerPockets Profile Troy's Twitter
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-791 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Want a zero percent interest rate and a paid-off seven-figure property? What about a quick fix and flip that’ll net you six figures in profits? Or, maybe buy an office and make nearly half a million dollars while having your own workplace? It’s 2023, and the housing market has turned most real estate investors off. Everyone thinks that deals are impossible to find, but funnily enough, we keep hearing stories about real estate investors making massive profits while residential buyers cower in fear. So, where can you find these deals? We’ve brought back Kim Meredith-Hampton and Victor Steffen from the Tampa/St. Petersburg, Florida, area and the Dallas-Fort Worth, Texas, markets, respectively. Plus, Matthew Nicklin from southern seller’s market, Atlanta, Georgia, joins us as we review real deals from all three markets to show you that no matter the housing market cycle, you can STILL make money in real estate (even in 2023!) We’ll go over six individual deals, from turnkey medium-term rentals selling at zero percent mortgage rates (with seller financing) to easy, instant cash flow deals with perfect tenants in place. But maybe you’re not a buy and hold investor. If so, a couple of flip deals are brought on to show that six-figure profit potential still exists for the right properties. And, we’ll deep dive into one of the agent’s commercial real estate deals that made nearly half a million dollars in equity alone! In This Episode We Cover: Three hot southern housing markets where you can still find real estate deals Signs of a stable market and why you want to see faster home sales Seller financing and how to use it to score a rock-bottom mortgage rate on your next rental How to use private lending to make a killing without getting your hands dirty on a deal “Office hacking” and turning unused space into cash flow and HUGE equity gains Paying off your property faster and why having little-to-no cash flow may be worth an earlier retirement And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube BiggerPockets Articles on Atlanta BiggerPockets Articles on Dallas BiggerPockets Articles on Tampa Connect with Kim, Matthew, & Victor: Kim's BiggerPockets Profile Kim's Website Matthew's BiggerPockets Profile Matthew's Website Victor's BiggerPockets Profile Victor's Website
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-790 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Real estate deals are hard to come by in 2023. But, there are still a few overlooked rental markets that most investors aren’t aware of. In times like this, with investors ready to pounce on almost any property and other assets vastly underperforming real estate, you’ll need to think differently if you want to get ahead. Long gone are the days of buying any property in any market and expecting instant cash flow. Now, you’ve got to think like an expert investor and start Seeing Greene! David is back with another Seeing Greene episode as we touch on how investors can find deals in 2023, which markets are worth looking into, why low cash flow isn’t such a bad thing, and how to decide between buying a single-family or a multifamily rental. We’ve also got some trickier-than-usual questions this time, as a seventeen-year-old wants to know where he should invest a $100K inheritance. We’ll also get into the nitty gritty of paying off loans vs. refinancing, where to find distressed properties, and what to do when natural disasters threaten your rental business. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: Emerging real estate markets that most investors overlook Low cash flow and whether a rental is worth buying if it only profits a few hundred dollars a month How to spend a $100K inheritance and why real estate ISN’T the best choice BRRRR deals and how to find distressed properties that have huge equity potential Hard and private money loans, interest-only payments, and when to pay off your debt Single-family homes vs. multifamily and which makes the most money with the lowest down payment Natural disasters and whether or not it’s worth it to invest in dangerous areas And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Try the BiggerPockets Rent Estimator on Your Next Property Seeing Greene Episode 762 Books Mentioned in the Show Buy, Rehab, Rent, Refinance, Repeat by David Greene Set for Life by Scott Trench
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-789 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Lamon Woods used an ingenious rental property strategy to go from one house to over one hundred rentals in a small market without using almost any cash. This strategy is so brilliant that most real estate investors assume it doesn’t exist or they can’t use it in their rental property portfolio. Lamon luckily stumbled upon this way to invest, and now, he’s growing his real estate portfolio at a pace unfathomable to most landlords. But Lamon didn’t start as some rental property investing expert. He was making a low income, working a job he had no passion for, and looking for any avenue that could help make him more money. When his wife suggested that they buy the house they were currently renting, Lamon put up a fight but eventually went along with the plan. It wasn’t until he moved out and rented his first home that the real estate investing lightbulb went off. From there, Lamon realized how quickly passive income could replace his paycheck. So, he made it his goal to buy one house a year. The plan was working, but then Lamon realized he could purchase homes without using his own money. In fact, Lamon could take the properties he already owned and use them to grow his rental property portfolio even faster. Now with over one hundred units to his name, Lamon wants to teach other investors (like you) how to do the same! In This Episode We Cover: Lamon’s “infinite return” financing method that’ll let you buy properties with NO money down “Cross collateralization” and how to use properties you already own to build your rental property portfolio Knowing your real estate market and why over-improving will kill your cash flow Replacing your paycheck with passive income and going from renter to landlord Getting around your lender's seasoning period and how to use your equity WITHOUT having to wait And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Henry's BiggerPockets Profile Henry's Instagram How to Use Home Equity to Buy Rentals 5 Reasons to Utilize Your Equity & How to Safely Invest It How to Invest in Real Estate with No Money Down (4 Rules You NEED to Follow!) Connect with Lamon: Lamon's BiggerPockets Lamon's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-788 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Brandon Turner achieved financial independence in his late 20s. For most people, this would be the end of working, investing, or trying to better themselves. But for Brandon, this was only the start. Now a decade later, Brandon is managing close to one billion dollars in real estate, running numerous companies, and dedicating his efforts to eradicating human trafficking while simultaneously setting millions of Americans financially free. Brandon has, in almost every way, won the game of life, and he has five crucial tips to share with us today. Back in the Sea Shed are long-time co-hosts Brandon and David as they travel back in time and revisit the five most important lessons learned on this podcast. These lessons aren’t just crucial in achieving financial independence. When taken to heart and implemented correctly, they will allow you to level up your life, relationships, friendships, and businesses. They will also set you apart from the 99% of people who want success but refuse to go out and get it. From lessons about spilled sewage to podcast recordings gone wrong, designing the life you want to live, and taking ownership when everything starts falling apart, this is an episode you cannot afford to miss. If you want to achieve financial freedom, start living your dream life, and live a life like Brandon, you’ll have to tune in. In This Episode We Cover: The five most important lessons for financial freedom and building a better life Knowing what you want (and going after it) even when fear takes over Pushing past resistance and why pros show up while amateurs sleep in The “crystal clear criteria” that makes buying real estate easier than ever before Building your “vivid vision” and designing a life that you would love to live Thinking five steps ahead and how future-planning will make you rich And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David BiggerPockets Podcast 447 with Cameron Herald (Vivid Vision) BiggerPockets Podcast 443 with Jim Kwik BiggerPockets Podcast 365 with Jocko Willink BiggerPockets Podcast 457 with Patrick Bet-David BiggerPockets Podcast 217 with Perry Marshall BiggerPockets Podcast 461 with Steven Pressfield Books Mentioned in the Show: The Intention Journal by Brandon Turner Multifamily Millionaire Volume I by Brandon Turner & Brian Murray The One Thing by Gary Keller Connect with Brandon: Brandon's BiggerPockets Profile Brandon's Instagram Brandon's Podcast Brandon's TikTok Brandon's Website
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-787 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Brandon Turner is back! That’s right, live from the Sea Shed are your beloved BiggerPockets hosts, Brandon and David! Can you feel the bromance brewing through your speakers, or is it just us? David flew out to attend one of Brandon’s recent events and conduct a two-part interview with one of the most popular property investors on the planet! And boy, oh boy, has Brandon been busy! In this episode, David puts Brandon in the hot seat, going through a fire round of top-asked questions to get Brandon’s input on not just real estate but life. You’ll hear Brandon talk about housing market crash prophecies and whether or not he thinks they’ll come true, the struggles he’s facing with today’s intense competition, an unflattering tattoo that may or may not be part of a bet gone wrong, and why humiliation is one of the BEST ways to get you in the zone to WIN. But that’s not all; you’ll hear about how Brandon used social media to build his entire real estate business, why NOW is the time to lock down good debt (and invest!), and why you need to STOP trying to survive and start looking to thrive! Tune in as we take a nostalgic walk down metaphor lane with Brandon and David! In This Episode We Cover: Finding financial freedom and why the everyday struggle to survive is NOT enough Investing in 2023 and whether or not the housing market could be headed for a crash Using social media to raise private capital, find employees, and grow your business Facing humiliation and transforming negative emotions into the fire that propels you forward Why you can’t buy happiness, but you CAN buy an “environment” that makes you happy An update on Brandon’s bet with InvestorGirlBritt over who will get an embarrassing new tattoo And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David BiggerPokets Real Estate Podcast 92 with Brandon BiggerPockets Real Estate Podcast 365 with Jocko Willink BiggerPockets Real Estate Podcast 401 with Jordan Harbinger Books Mentioned in the Show: Brandon’s Collection BRRRR by David Greene Set for Life by Scott Trench Connect with Brandon: Brandon's BiggerPockets Profile Brandon's Instagram Brandon's Podcast Brandon's TikTok Brandon's Website
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-786 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Want to make over a million dollars a year? Real estate may be the best way to get there. Just follow the same steps Dean Rogers took. In just a decade, Dean went from making $65,000 per year to over a million dollars; but the payoff wasn’t instantaneous. After being put in a position that most people would kill to be in, Dean left behind a seven-figure salary, glitz, glamor, fame, and a childhood dream to do something that fulfilled him. He had to start over entirely while his peers made more money than most of us could imagine. Dean took over a ninety-percent pay cut just to enter the tireless, W2 working world that he thought he would excel in. After realizing that hard work and continuous overachieving gets you nothing but a meager pay raise, he knew he had to go in another direction. He stumbled upon a real estate podcast, started investing with no money (seriously!), and grew a small side hustle into a full-on business that pays him as much as only professional athletes make. Dean’s story goes from riches to rags to riches again as he left his dangerous yet high-paying career to live paycheck to paycheck doing something that he knew would pay off Now, he rakes in more money in one year than most Americans make in a decade, controlling his own life, putting his health and family first, and helping new investors, like you, along the way. Want to make your millions? Tune in! In This Episode We Cover: How Dean does over 100 real estate deals per year and profits seven figures Walking away from a high salary when you know that the career isn’t worth the cash Investing with no money and how to do your first deal without ANY experience Why you should always make this ONE phone call before partnering with anyone Losing six figures on bad deals and red flags that you should look out for Building your “friends with benefits” that all build wealth together And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube How to Become a Millionaire Through Rental Properties How to Get Your First Deal—An Episode For New Investors Why NFL Players Are Buying Real Estate During the Recession Connect with Dean: Dean's BiggerPockets Profile Dean's Instagram Dean's Website
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-785 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Part 3: Struggling to buy in this expensive housing market? In part three of our home buying hacks series with Chris Hutchins (from All the Hacks), you’ll learn why down payments AREN’T as big as you think, why working with a mortgage broker may be the best move to make, what lenders want to see before they pre-approve you, and home insurance tips to make sure you’re protected during a disaster. In This Episode We Cover: Debt-to-income requirements and what lenders want to see when you apply for a loan Using a mortgage broker vs. a direct lender (and which will get you a better rate) Home insurance 101 and how to protect your property for less money The math behind buying a house (and why it beats renting in the long run) And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Pick Up Some of David Greene’s Best Selling Books Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Past BiggerPockets Podcast Episodes Mentioned: How to Start with $10K House Hacking Tax Benefits Hear Chris on The "BiggerPockets Money" Podcast “All the Hacks” Episodes Mentioned: Insurance Net Fulfillment Over Net Worth Tune Into the “All the Hacks” Podcast Connect with Chris Chris email
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-783-3 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
You’ve built a sizable rental property portfolio; now, it’s time to relax. You book a trip to the beach, get on your swimsuit, and are about to head out the door, but then, your tenant calls you. “The toilet is leaking,” “I lost my keys,” “The oven just went out.” Instead of enjoying your vacation, you’re spending hours looking up plumbers, locksmiths, and electricians. You’re juggling phone calls while trying to enjoy your time off. Wasn’t real estate investing supposed to be passive? This is the scenario that most landlords are living in. And it only gets worse the more homes you buy and the more money you make. But, there is a way never to pick up another tenant phone call again while giving your renters the best experience imaginable. All you have to do is build a system like Pasha Maleknia did. Pasha went from 218 tenant phone calls a year to only one by creating and tweaking this passive income system. In today’s episode, he’ll provide the exact steps so you can do it too. Pasha’s system isn’t complex, and most of it can be built for free. There’s no expensive software or complicated formulas to create this rental portfolio system. If you have some time to set aside from your day, you can build something like this in a matter of hours. So, are you ready to trade tenant phone calls for more trips to the beach? If so, stick around! Grab Pasha’s system spreadsheet template here. In This Episode We Cover: The five-step system to turn a nightmare rental portfolio into truly passive income Why you DON’T need to spend a lot of money or time building a rental systems Finding your “why” behind real estate investing and financial freedom How Henry Washington saved over twenty hours immediately by implementing one super simple system The two things you need to build any system quickly and cheaply And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Grab Pasha’s System Spreadsheet Listen to Henry on The “On The Market” Podcast Wherever You Listen to Podcasts: Spotify Apple Podcasts BiggerPockets Henry's BiggerPockets Profile Henry's Instagram Henry's Website Hear Our Full Interview with Pasha 4 Ways Systems Make Landlording Easier, Simpler & More Profitable Connect with Pasha: Pasha's BiggerPockets Profile Pasha's Instagram Pasha's Website
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-784 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Part 2: Knowledge is power, and this is even more true when buying a primary residence or investment property. In part two of our home buying hacks series, we’re back with Chris Hutchins from All the Hacks, as we touch on how to negotiate with a seller, what to look for in a listing, signs that you could score a killer deal, inspections, and the myriad of ways you can get out of a contract IF a home isn’t what you thought. Before you dive headfirst into real estate, tune in for some ESSENTIAL due diligence tips. In This Episode We Cover: Negotiation tactics elite realtors use and why you must know what a “win” is Getting ahead in a hot housing market and signs of a desperate seller/agent Home inspections and using yours to get seller credits or to walk away from a bad deal Quick wins you can use at closing for a few hundred (or thousand) dollars in savings And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Pick Up Some of David Greene’s Best Selling Books Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Past BiggerPockets Podcast Episodes Mentioned: How to Start with $10K House Hacking Tax Benefits Hear Chris on The "BiggerPockets Money" Podcast “All the Hacks” Episodes Mentioned: Insurance Net Fulfillment Over Net Worth Tune Into the “All the Hacks” Podcast Connect with Chris Chris email
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-783-2 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Part 1: Buying your first home is a BIG decision. But you don’t need to go into it blind. In part one of this home buying hacks series, we chat with Chris Hutchins from All the Hacks on why buying a house helps you build wealth, how to find a real estate agent that’ll work for you (for free!), and what you MUST look for when searching for your first (or next) home. If you’re a rookie real estate investor or first-time home buyer, this is the place to start! In This Episode We Cover: How buying real estate will make you wealthy (EVEN if you’re purchasing a primary residence) The HUGE hidden benefits of buying property that most home buyers completely overlook Signs of a great real estate agent and the one thing they MUST have Home buying hacks for the first-time home buyer so you score a better deal And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Pick Up Some of David Greene’s Best Selling Books Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Past BiggerPockets Podcast Episodes Mentioned: How to Start with $10K House Hacking Tax Benefits Hear Chris on The "BiggerPockets Money" Podcast “All the Hacks” Episodes Mentioned: Insurance Net Fulfillment Over Net Worth Tune Into the “All the Hacks” Podcast Connect with Chris Chris email
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-783-1 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
The real estate market is crumbling…or is it? According to experienced investors like Jessie Rodriguez, now is one of the best times in recent memory to start building wealth. As a multi-decade house-flipping veteran, Jessie understands how the housing market works. He lost his business, his home, and the majority of his wealth in 2007 but has made it out not only surviving but thriving with a house-flipping business that prints cash. And he knows something that you probably don’t. The past few years have been a bloodbath for flippers. With home prices correcting and buyers fleeing the market, many flippers from years back aren’t around today. But, the tide has started to turn, and buyers are getting back into bidding wars, willing to spend good money on homes that fit their remote-first lifestyle. Jessie and his team are HEAVILY capitalizing on this, and more good news may be on the way. In this episode, Jessie talks about rebuilding his business after losing it all in 2007, why now may be one of the BEST times to start house flipping, key indicators of a market shift that most investors miss, the biggest myth in today’s real estate space, and how Jessie’s team is redeveloping a historic building and turning it into a passive income stream that offers millions in profits. The best part? You can copy Jessie’s strategy to build your own wealth in 2023, so don’t skip this! In This Episode We Cover: Rebuilding your wealth after losing EVERYTHING in a financial crash The biggest myth of 2023 real estate and why most investors are wasting time Signs of a housing market shift and the metrics that predict where we’re headed Finding a mentor and how the right one can put you decades beyond the competition Redeveloping historic real estate and the unusual deals that are making Jessie a fortune Building a seven-figure passive income stream, EVEN if you’re new to rentals And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Watch James on the “On The Market” YouTube Channel Hear James on The “On The Market” Podcast Wherever You Listen to Podcasts: Spotify Apple Podcasts BiggerPockets James' BiggerPockets James' Instagram James' Website Books Mentioned in the Show SOLD by David Greene SKILL by David Greene SCALE by David Greene Connect with Jesse Jesse's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-782 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Commercial real estate has been teetering on the edge of crash territory for months now. With banks tightening their funding, forcing investors to refinance at higher rates and occupancy down across multiple sectors, commercial could be crashing very soon. But we aren’t here to prompt fear for real estate investing; instead, we’re presenting some opportunities to build wealth, even when most investors think the sky is falling. To help give us a read on the whole commercial real estate situation is Willy Walker, CEO of Walker & Dunlop, one of the largest commercial real estate finance companies in the nation. Willy knows precisely what’s happening in the industry because he is the industry. As the third largest apartment lender in the US, valued at over $2 billion, Willy’s ability to forecast the commercial real estate market has helped Walker & Dunlop grow to new heights. And he has some news to share. Willy touches on the “pain to come” for commercial real estate, why residential has stayed safe, big investors’ refinancing dilemma, and why banks are pulling out of lending for large assets. With commercial investors needing cash to fund their deals but failing to find it, everyday investors (just like you) could help fill the void and walk away with a sizable profit. If you want to fuel your wealth, not your fear, stick around! In This Episode We Cover: The impending commercial real estate crash and who’s in danger Balloon loans, risky refinances, and why high mortgage rates have put investors in a tough spot Residential vs. commercial real estate and why one can fall while the other holds strong Private lending and how you can take advantage of banks pulling back from larger investments Asset classes that could have the biggest opportunity if a crash hits US debt and how increasing the debt ceiling will lead to unmanageable consequences And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Pick Up Some of David Greene’s Best Selling Books Dave's BiggerPockets Profile Dave's Instagram Listen to The “On The Market” Podcast Wherever You Listen to Podcasts: BiggerPockets Apple Podcasts Spotify Connect with Willy: The Walker Webcast Willy's Website Willy's YouTube
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-781-5 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Don’t know where to find undervalued rental properties? Thankfully, we’ve got some experts who do. Finding a below-market-value property is much easier than most people think. So, why is it SO difficult for new real estate investors to find deals instead of duds? If you’re scrolling through popular real estate listing sites, hoping you’ll stumble upon the deal of a lifetime, you may be wasting your time. Today, we present four time-tested, easily-implemented ways to find undervalued, off-market real estate so you can build wealth faster. Rob Abasolo (Robuilt) takes the helm on this episode as he welcomes Henry Washington and James Dainard from the On the Market podcast and Sam Primm, expert investor from the St. Louis area. Henry, James, and Sam have collectively bought thousands of off-market properties. Whether they’re buying them to fix and flip, hold as rentals, or wholesale to other investors, the combined knowledge between these three investors is almost incalculable. They’ve done more deals than hundreds of other investors and know what works and, more importantly, what doesn’t. In this episode, you’ll learn EVERYTHING you need to know about finding off-market real estate deals, tactics that are best for beginners vs. experienced investors, which strategies cost the most money and which you can try for FREE, and how you can find your first off-market deal TODAY. These three investors PROVE that buying deals with huge equity upside and instant profit is NOT impossible in 2023; you just need to know where to look! In This Episode We Cover: The medium-term rental strategy explained and how to use it to make 400% more cash flow Short-term rental regulations and why many hosts may need to switch to medium-term stays Best real estate markets for medium-term rentals and signs of low vacancy Unique amenities that will get you CONSTANT business (bikes, cars, grocery delivery, and more!) Rental contracts and how to use hospitals, insurance companies, construction crews, and more to fill up your rental Whether or not allowing pets in your rental is EVER the right move to make And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram James' Website Hear Henry and James on the “On the Market” Podcast: Spotify, Apple Podcasts, BiggerPockets Stop Looking for Perfect Properties, Search for These Instead Connect with Sam: Sam's BiggerPockets Profile Sam's Instagram
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-781 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Your real estate cash flow is suffering. Rent growth is slowing, mortgage rates are rising, and property prices are staying put. So where can you find more room to profit with your rental property? The answer is medium-term rentals! Until a couple of years ago, medium-term rentals, also called corporate rentals or traveling nurse rentals, were the sleepy investing strategy that only experienced investors like Jesse Vasquez knew about. But now, they’ve become (arguably) the best rental property on the planet. With medium-term rentals, you can often make four (or more) times the rent than a regular rental. You’ll also have minimal turnover, more professional tenants, and be able to book out your place at a high monthly rate for four, five, or six months at a time. They’re easier to manage than short-term rentals but have substantially more cash flow than long-term rentals. So, how do you get in on this high-cash flow craze? We brought Jesse back to the show for a step-by-step tutorial on starting, running, and profiting with a medium-term rental. He gives in-depth answers on how much it costs to start, the best locations to buy (or rent), how to get the biggest rental contracts from top corporations, amenities guests will expect, and what to charge. If you want to take your rental property from break-even to making bank, this is the strategy for you! In This Episode We Cover: The medium-term rental strategy explained and how to use it to make 400% more cash flow Short-term rental regulations and why many hosts may need to switch to medium-term stays Best real estate markets for medium-term rentals and signs of low vacancy Unique amenities that will get you CONSTANT business (bikes, cars, grocery delivery, and more!) Rental contracts and how to use hospitals, insurance companies, construction crews, and more to fill up your rental Whether or not allowing pets in your rental is EVER the right move to make And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Pick Up Some of David Greene’s Best Selling Books Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube David’s First Episode Jesse’s Recent Episode Medium-Term Rentals: How to Get BIG Cash Flow Out of Small Properties Book Mentioned in the Show: 30-Day Stay by Zeona McIntyre & Sarah Weaver Connect with Jesse: Jesse's BiggerPockets Jesse's Instagram Jesse's YouTube
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-780 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
The key to financial freedom? Work as a pizza delivery driver! Not only will you learn how to handle high-pressure situations, but you might also find your next property on a regular pizza run! At least that’s what Pamela Bardhi did to build her twenty-seven-unit rental property portfolio and reach financial independence in her late twenties! Pamela’s family moved to the United States when she was just five years old, thrusting her into the restaurant business before she realized that real estate was her true passion. Pamela did everything right. She studied hard, got scholarships, worked at internships, and built her own business, but she was still miserable. Working every day of the week, often twelve hours at a time, was eating away at her. She wanted some side income to help her dial back the time spent building her business, but when her first deal turned into a $100,000 profit, the property game was too enticing to resist. Since then, she’s scaled to massive heights and wants you to do the same. With twenty-seven rental units, over one hundred deals done, and a financially free lifestyle by thirty-one, Pamela knows what it takes to build a property portfolio FAST. But she also knows what can make it crumble. Pamela shares her three BIGGEST lessons learned from doing over one hundred deals and how she turned delivering pizzas into a passive income stream that will create generational wealth for her whole family. In This Episode We Cover: How to reach financial independence with rentals in under ten years The three biggest lessons every real estate investor must learn to NOT get burnt on a deal Passive vs. active income and why the investor life isn’t for everyone Becoming your own boss and quitting corporate to do what truly fuels you How the right mentor can immensely speed up your road to early retirement Real estate partnership red flags that’ll lead to you losing money or pulling your hair out And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Pick Up Some of David Greene’s Best Selling Books Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube From DoorDasher to $1.5 MILLION in Real Estate (All at 22 Years Old!) The 30-Something’s Guide to Financial Freedom Flipping Houses: How to Get Started and Everything You Should Know Connect with Pamela: Pamela's BiggerPockets Profile Pamela's Instagram Pamela's LinkedIn Pamela's Website
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-779 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
If you want to build a rental portfolio, you need to know how to scale the right way. Buying a property every year or two is good, but it won’t give you the financial freedom you desire. However, if you know how to double, triple, or quadruple the amount of real estate you’re acquiring without adding tons of tasks (or stress) to your plate, you could be financially independent faster than you’ve ever thought. This is precisely what Niti Jamdar & Palak Shah did, building a ten-million-dollar real estate portfolio in less than a decade. As two burnt-out corporate workers, Niti and Palak were tired of putting their jobs before their future family. So after having children, they realized it was time to start building something that would help them regain their freedom instead of shackling them to golden handcuffs. With a busy schedule and little time, Niti and Palak were forced to automate, delegate, and systematize their real estate business. And now, you can copy their exact steps. In their newest book, Accelerate Your Real Estate: Build a Hands-Off Rental Portfolio with the SCALE Strategy, Niti and Palak uncover the five-step system to unlock eight-figure wealth. They used this same strategy to build their portfolio with little free time or money to throw at projects. In this episode, they’ll review these five BRRRR-inspired steps, explain why today’s market isn’t what most people think it is, and debunk the myths that’ll stop you from investing. In This Episode We Cover: The five-step “SCALE” system Niti and Palak used to build an eight-figure portfolio Quitting corporate to find financial freedom, start a family, and build wealth BRRRRing in 2023 and why the Buy, Rehab, Rent, Refinance, Repeat strategy isn’t dead Investing with high mortgage rates and why inexperienced investors are wrong about them Outsourcing, delegating, and how to run a HUGE portfolio without any employees Real estate myths that stop you from building wealth (and how to get around them) And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Pick Up Some of David Greene’s Best Selling Books Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Hear Our Past Interview with Palak Book Mentioned in the Show: Accelerate your Real Estate by Palak Shah & Niti Jamdar The Psychology of Money by Morgan Housel Connect with Palak & Niti: Niti's BiggerPockets Palak's BiggerPockets Real Estate Wealth Blueprint on Instagram Palak & Niti's Instagram
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-778 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Think it’s too late to retire with real estate? Maybe you’re in your forties, fifties, or sixties and have decided that now is the time to put passive income first. With retirement coming up in a couple of decades (or even years), what can you do to build the nest egg that’ll allow you to enjoy your time away from work? Is it even possible to retire with rentals if you didn’t start in your twenties or thirties? For those tired of the traditional route to retirement, stick around! You’ve hit the jackpot on this Seeing Greene show; it’s episode number 777! But, unlike a casino, everything here is free, and we’re NOT asking you to gamble away your life savings. Instead, David will touch on some of the most crucial questions about real estate investing. From building your retirement with rentals to investing in “cheap” out-of-state markets, buying mobile homes as vacation rentals, and why you CAN’T control cash flow, but you can control something MUCH more important. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: Turning a $100K high school into a $42K/month apartment complex What to do when your first flip or real estate deal becomes a huge flop The smartest way to shoot up your property’s value and boost your neighborhood’s desirability Unbelievable real estate conversion projects and why creative investing often has the most cash flow Raising private capital when doing large deals and why you NEED partners with skills you don’t possess Signs that your real estate agent might be the love of your life And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Try the BiggerPockets Rental Estimator on Your Next Deal BiggerPockets Real Estate Podcast 759 BiggerPockets Real Estate Podcast 771 Book Mentioned in the Show: Long-Distance Real Estate Investing by David Greene Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-777 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
You’ve heard cash flow stories before, but NOTHING like this. We’ve talked to hundreds of investors that have flipped houses, bought apartment complexes, storage facilities, and more. But a high school? A high school rental property? Surely this has to be a first. If you want to know the pioneer behind this absolutely insane passive income project, look no further than Jesse Wig, who turned a dilapidated high school into a thirty-one-unit apartment building. But before Jesse went on a literal wild ride through this high school, he faced defeats that would stop most investors in their tracks. After making just ten dollars per hour working under a flipper, Jesse tried to do his first deal himself, but things didn’t go to plan. He walked away from his first real estate deal in debt with a massive loss but decided to try again. Jesse learned quickly from his mistakes and started buying rentals in an up-and-coming area right outside of Pittsburgh, Pennsylvania. Through a brilliant investing tactic that we’ve never heard of before, Jesse was able to catapult and control his rental properties’ values, skyrocketing his personal wealth while bringing up an entire neighborhood with him. Soon after that, he found his off-market high school and, through some savvy partnerships and serious work, turned it into a cash cow unlike anything we’ve ever seen on the show. Jesse is about to school us on the right way to do real estate! In This Episode We Cover Turning a $100K high school into a $42K/month apartment complex What to do when your first flip or real estate deal becomes a huge flop The smartest way to shoot up your property’s value and boost your neighborhood’s desirability Unbelievable real estate conversion projects and why creative investing often has the most cash flow Raising private capital when doing large deals and why you NEED partners with skills you don’t possess Signs that your real estate agent might be the love of your life And So Much More!
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-776 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Buy real estate or face your dollar’s demise. While this may sound like doomsday prophesying or over-bullish investor attitudes towards properties, the fact is that most investors today won’t make it. With inflation raging ahead, home prices double-digit percentages higher than they were a few years ago, and food and energy costs spiking, your cash isn’t safe. The value of your money is burning, and your bank account won’t be able to extinguish the flames. But there is still hope to build wealth. Welcome back to a macroeconomic Seeing Greene episode where David tells you what he really thinks about today’s inflationary economy. If you want to grow your wealth while prices pop off, this is the episode to tune into. But it’s not just CPI rate rants this time; David will also advise on what to do when down payment requirements more than double at the last second, why Midwest “cash flow” markets aren’t what they seem, building vs. buying an ADU (accessory dwelling unit), and when to sell a rental or flip that is bleeding money every month. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: What to invest in when inflation is eating away at your hard-earned money Down payment requirements and what to do when you can’t close with low money down Cash flow vs. appreciation and using “portfolio architecture” to build the BEST portfolio possible Buying vs. building an ADU (accessory dwelling unit) and which will make you wealthier as a result How to make money on a house flip gone wrong (even if it’s in a rough neighborhood) Negative equity and whether or not to sell a rental that is losing value What to do with $30K in today’s expensive investing environment And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Hear Dave on the “On the Market” Podcast Subscribe to the “On The Market” YouTube Channel David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Read Up-to-Date Real Estate Articles and News Stories BiggerPockets Podcast 759 You Won’t Believe It. Inflation Finally Peaked—Here’s The Proof
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-774 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
It’s 2023 goal-setting time! For some investors, setting goals is a coveted experience where they get to center themselves and plan for the coming year. For others, setting goals can seem stressful as there are too many shiny objects always around to chase. This type of dichotomy exists even among the most experienced investors, as you’ll see in this episode. David Greene, everyone’s favorite investor, agent, broker, and mentor, systematically sets his goals, while Rob “Robuilt” Abasolo, the internet’s short-term rental oracle, does things a bit differently.
In this episode, you’ll get a peek behind the scenes at how two very successful investors set goals in two very different ways. But this isn’t just about real estate investing and building wealth. David and Rob both touch on the personal goals they’ve set out for themselves and how they organically intertwine with the lofty investing goals they’ve set for 2023.
David and Rob both want to grow their wealth substantially in 2023. But this doesn’t mean that they’re just hungry for doors. You’ll hear a crucial tip on how top real estate investors focus more on revenue than on unit count and how mistakenly chasing more properties could put you in a stressed-out situation without much to show for it! If you’re ready to tackle some of your biggest goals yet, tune in to this episode, and bring a planner while you’re at it!
In This Episode We Cover:
How to crush your 2023 goals by revamping and reviewing your 2022 plans
Constantly updating your MINS (most important next steps) to hit goals even faster
The struggles of outsourcing and hiring and why you MUST do it to grow
The “more doors” trap that investors often find themselves falling into
Building your vision for the next year and basing your goals on an end-result
Content creation, building your brand, and becoming a bigger figure in the real estate space
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
David’s YouTube Channel
Rob's YouTube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's BiggerPockets Profile
Hear Our 2022 Goal Setting Episode
Landlord Tax Loopholes That’ll Help You Pay ZERO Taxes in 2022
3 Simple Steps to Set Achievable (Yet Ambitious!) Real Estate Goals
Invest with David Greene
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-696
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How much billionaire advice have you gotten? Ever decided to look up the wealthiest people in your area and give them a call? What type of tips could they give you for success? What business ideas would they push you to try? And how would your life change? Instead of speculating, at a young age, Andrew J. Abernathey tried out this strategy, and much to his surprise, he got the billionaire mentor he always dreamed of.
Before that, Andrew was just a simple farm boy. You know how it goes: tending to the field, ordering supplies, and trading futures at ten years old. Yep, you read that right. Andrew was making trading calls on grain prices at only ten years old, a skill that his father helped teach him. At fourteen, Andrew decided to put some money in the stock market, and a year later, walked away with an $80,000 profit. And like all young boys, he knew exactly what he wanted to spend his money on—a million-dollar apartment complex!
Picking up on a pattern? Andrew has been making incredible moves at almost unbelievably young ages. But we haven’t even touched on the most incredible part of his journey yet. In this episode, you’ll hear how Andrew made wild real estate profits at sixteen, met his billionaire mentor by offering him some pie, and went on to build hundreds of millions in self-storage. It’s all true, and it’s all coming up in this episode!
In This Episode We Cover:
The importance of early financial education and investing at a young age
How parents can cultivate the passions their kids possess
Puts and calls, stock trading, and how to invest like Warren Buffett
Apartment investing and how knowing your market can make you millions
How to find a mentor (even if you’re looking for a billionaire!)
Analysis paralysis, shiny object syndrome, and sticking to one strategy
Self-storage development and the details behind the deal
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Henry's Instagram
Henry's BiggerPockets Profile
Here’s What 10 Billionaires Say You Should Do Every Day
Should You Start Investing in Real Estate When You're Young?
How I Hired Warren Buffett as My Real Estate Mentor
Book Mentioned in the Show
Open Secrets of Success: The Gary Tharaldson Story by Patrick McCloskey
Connect with Andrew:
Andrew's Personal Website
Abernathey Holdings
Andrew's Facebook
Andrew's Instagram
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-695
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Small multifamily investing is one of the easiest, fastest ways to find financial freedom. We’re not talking about any “get rich quick” promises or risky businesses—thousands of real estate investors have used small multifamily rental properties to live the life of their dreams. And today, we want to help you do the same. We’ve got our multifamily millionaire, Dave Meyer, here to share the tools of the trade! Dave was able to reach financial independence in only a few years, thanks to a small portfolio of multifamily rental properties!
Even if you’re an absolute beginner in real estate, without any properties or experience, small multifamily can be one of the easiest ways to start investing. With low money down options, the ability to house hack, and big cash flow opportunities, any investor can start, or scale, a real estate portfolio with a duplex, triplex, or quadplex. And Dave will walk you through every step of the journey. From finding deals to analyzing them, financing them, and doing it again, this step-by-step process is simple to follow, and can be done in a matter of weeks or months!
So, if you’re ready to build a life you love, have the financial autonomy you’ve always dreamed of, and start investing today, hit play on this episode! And, if you’re interested in using the top-tier tools Dave shows in this video, sign up for BiggerPockets Pro today! Make sure you stick around until the end of this episode—Dave will be giving away a BIG discount with a bundle of bonuses!
In This Episode We Cover:
How to achieve financial freedom through small multifamily investing
Why invest in multifamily rentals and not single-family homes for your first real estate deal
Where to find small multifamily properties (and how to get them at a discount!)
Rental property financing and the different loans to use when closing on your first property
How to analyze a real estate deal in just minutes (no experience needed!)
The dangers of investing in small multifamily properties and what to watch out for
How to get a discount on some of the most-used BiggerPockets tools!
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Grab the Multifamily Worksheet
BiggerPockets Calculators
Find a Lender for Your Next Real Estate Deal
Already a BiggerPockets Pro Member? Get Access to Pro-Exclusive Videos
Book Mentioned in the Show
Real Estate By Numbersby Dave Meyer & J Scott
Connect with Dave:
Dave's BiggerPockets Profile
Dave's Instagram
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-694
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
You’ve got home equity, but maybe not cash flow. If you want to realize financial freedom, you’ll need consistent, passive monthly income. But with cash flow harder to find than ever before, how can you get it when real estate prices and interest rates remain high? Should you give up on cash flow entirely and only bank on appreciation? Maybe not. Using the strategy David outlines today, you can convert your equity into cash flow, but you’ll need to follow the right steps.
Welcome back to another Seeing Greene episode, where David, and some expert guests, answer your questions surrounding anything and everything related to real estate investing. Joining us on today’s show are Dave Meyer, J Scott, and Pat Hiban, all BiggerPockets authors and real estate masters in their own rights. They tag-team questions ranging from how to get around the twenty percent down payment requirement, how to calculate the time value of money on an investment, how HELOCs (home equity lines of credit) work, whether investing in hurricane-heavy Florida makes sense, and more!
Don’t forget to head over to the BiggerPockets Bookstore to get massive discounts on some of the best real estate investing books in the world! Still itching to ask David a question? Submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
How to get around the twenty percent down payment requirement even as a foreign investor
Cash-out refinances vs. HELOCs and which make more sense for the casual investor
Converting equity into cash flow and how to know when you should sell an investment property
Hurricanes, high insurance rates, and other hurdles that come when investing in Florida
Calculating the time value of money and when an investment is worth buying
House hacking and using your primary residence as an income-generating asset
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
BiggerPockets Bookstore Cyber Monday Sale
Stay Up-to-Date on All the New BiggerPockets Books Coming Soon
Should You Invest for Equity or Cash Flow?
Books Mentioned in the Show
Real Estate By Numbersby Dave Meyer & J Scott
Connect with David, Dave, J, & Pat:
David's BiggerPockets Profile
David's Instagram
Dave's BiggerPockets Profile
J's BiggerPockets Profile
Pat's BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-693
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Financial freedom isn’t something that most Americans strive towards. For the most part, working at a job, getting a steady paycheck, and bringing home the bacon is enough. That is until something forcibly stops you from working. It could be a workplace injury, a family emergency, or even a cancer diagnosis. What do you do when you can’t work or provide for your family, all while fighting a life-threatening disease?
Josh Goldstein was in this exact situation in 2015 when doctors gave him a rough diagnosis—pancreatic cancer. Josh and his wife knew that he could make it through the treatments, but the financial problem still loomed largely. How would they be able to pay the bills, take care of their kids, or continue living the life they loved without any money coming in from Josh’s work? The answer—real estate investing.
After years of analysis paralysis and a deep obsession with BiggerPockets content (woohoo!), Josh bought his first property as the world was starting to shut down. But he didn’t let the lockdowns stop his plan to hit financial freedom fast. Over the past two years, Josh has gone from zero to twenty units, some of which he’s never laid eyes on before. This portfolio, which was built out of a life-threatening situation, is now bringing in hundreds of thousands a year for Josh’s family, providing them well-earned financial independence.
In This Episode We Cover:
Solving life’s hardest problems (even when they threaten to kill you!)
Building your foundation for financial freedom today so you’ll never be out of options
Kicking analysis paralysis to the curb and the simple way to start investing in real estate
Long-distance real estate investing and why it isn’t as scary as you may think
Short-term rental saturation and what will happen as hosts buy more and more homes
Why you always want to double-check the battery life on your home’s smart locks
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Henry's BiggerPockets Profile
Henry's Instagram
BiggerPockets Podcast 340 with Whitney Hutten
BiggerPockets Podcast 364 with Avery Carl
Books Mentioned in the Show
Rich Dad Poor Dad by Robert Kiyosaki
Long-Distance Real Estate Investing by David Greene
Connect with Josh:
Josh's BiggerPockets Profile
Josh's Instagram
Josh's Email
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-692
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Property management has always been a sensitive subject for landlords. Most real estate investors either want to be completely hands-off, letting a property manager handle the entirety of their leasing and management, OR be hands-on, constantly dealing with tenant issues themselves. And for a long time, there wasn’t a great way to self-manage. You either ran your business off scraps of paper or insufficient spreadsheets. But it’s 2022, and this has completely changed.
When Ryan Barone was applying for his first apartment, he was blown away by how complicated the tenant application process was. So, he built an app that made it easier for tenants to upload all their documents to landlords. Then, the landlords started reaching out to Ryan asking for a tenant management version of the software. As a result, RentRedi was born, and has slowly grown to become one of the most popular property management tools around!
Ryan credits much of his success to early BiggerPockets users, who constantly tested and tried RentRedi when it was in early development. Now, the software is fully formed—used by tens of thousands of investors across the country. And it comes standard with a BiggerPockets Pro Membership! If you want to know how to manage your properties without the headaches (or high costs) of regular property management, stick around. Ryan gives a full demo on how you can start using RentRedi today!
In This Episode We Cover:
Common landlord and tenant headaches and how RentRedi instantly solves them
Reporting, rent collection, bookkeeping, and more features you can get with RentRedi
How to start self-managing as a new landlord even if you have no experience
How RentRedi used BiggerPockets users as beta testers to build the best property management software around
Outsourcing and delegating tasks so you can build your business faster than ever before
Turning tenant problems into profits and managing your rentals without breaking the bank
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Try RentRedi Today!
Angel.co
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Connect with Ryan:
Ryan's BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-691
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Most investors buy rental property for cash flow, and much to their surprise, no cash flow is to be found once the deal is done. Maybe they’ll get some limited returns in their first year of landlording, but with cash flow-induced frustration, they decide to try another strategy. This happens again and again as real estate investors struggle to realize anything other than a meager return on what was supposed to be a financially-freeing investment. But worry not—this is all part of the plan.
David is back on another episode of Seeing Greene, where he answers the most-pressing real estate questions from across the web. But David isn’t alone in the episode! He brings along real estate investing experts Brandon Turner, Pat Hiban, and Zeona McIntyre to help answer hard-hitting questions surrounding anything and everything related to real estate. This week’s topics touch on shiny object syndrome, when to pay for real estate leads, assisted living investing, 1031 exchanges, short-term rentals vs multifamily investing, and how to find the right mentor.
If you’ve been looking to up your real estate game, head over to the BiggerPockets Bookstore and take advantage of MASSIVE discounts on some of the best real estate books around! And remember to use ANY of today’s hosts’ names as a discount code to get even more off when buying any BiggerPockets books!
In This Episode We Cover:
How to avoid shiny object syndrome when no real estate strategy seems to work
Why most new investors have the wrong idea about cash flow and rental properties
Assisted living investing and who should make the jump into this high-cash flow asset class
1031 exchanges explained and using them to become a passive real estate investor
Short-term rentals vs. multifamily investing and which is the better bet in 2023
How to find a mentor when you’re just starting in your real estate investing journey
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Hear Our Interview with Assisted Living Investing Expert, Isabelle Guarino-Smith
Stay Up-to-Date on All the New BiggerPockets Books Coming Soon
Shop the BiggerPockets Bookstore and Use Codes BRANDON, DAVID, PAT, or ZEONA for a Special Discount
Books Mentioned in the Show
Tax Strategies by Amanda Han & Matt MacFarland
Advanced Tax Strategies by Amanda Han & Matt MacFarland
30-Day Stay by Zeona McIntyre & Sarah Weaver
Real Estate by Numbers by J Scot & Dave Meyer
6 Steps to 7 Figures by Pat Hiban
SKILL by David Greene
BRRRR by David Greene
Long Distance Real Estate Investingby David Greene
Connect with Brandon, Pat, & Zeona:
Brandon's BiggerPockets Profile
Pat's BiggerPockets Profile
Zeona's BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-690
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Non-investors hate real estate tax loopholes. It always seems like the wealthiest landlords, apartment owners, or short-term rental hosts walk away with not only massive income but little-to-no tax bills at the end of the year. Are investors unethically avoiding taxes OR are they carefully, quietly using the tax code to build wealth and bring their tax burden down to zero? And if the big investors can do it, can average investors use the same strategies?
Whether you own one, ten, or a thousand rental units, Matt Bontrager, CPA at TrueBooks, has a solution for you. He’s been working with real estate investors for years to help them minimize their tax burdens and maximize their portfolio values. And unlike most CPAs, Matt can explain these strategies in a way that excites you, instead of slowly lulling you into a depreciation-induced dream.
Matt touches on the most powerful ways to eliminate your taxes in 2022. These tax strategies work for almost every type of investor, whether you’ve got a full-blown business or just a short-term rental side hustle. These tax tactics, when used correctly, can allow you to walk away from 2022 with a bigger refund, no tax bill, or years’ worth of losses to roll over so you walk into 2023 in a better reposition than ever before.
In This Episode We Cover:
The massive short-term rental tax “loophole” most investors are unaware of
Tax preparers vs. advisors and when you should start hiring these team members
Cost segregation studies and using them to eliminate years’ worth of tax bills
Bonus depreciation write-offs and why every investor MUST take advantage of this before the end of the year
Real estate professional status, its benefits, and what you need to do to obtain it
Tax avoidance strategies the wealthy use that almost any investor can mimic
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Understanding Rental Property Depreciation—A Real Estate Investor’s Guide
4 Real Estate Tax Strategies That Can Protect You From Inflation
Books Mentioned in the Show
Tax Strategies by Amanda Han & Matt MacFarland
Advanced Tax Strategies by Amanda Han & Matt MacFarland
Connect with Matt:
Matt's BiggerPockets Profile
Matt's Instagram
Matt's Website
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-689
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Scott Galloway, NYU professor commonly known as “Prof G,” thinks that America is adrift. Communities are dying, young people are feeling helpless, and wealth is slowly being sucked out of the system to give the ultra-rich even more comforts than before. The average American merely wants to make it—having a house, a family, and maybe an ounce of peace. But with mainstream media violently pointing fingers at one another and the modern worker feeling desolate in the daily grind, what can we do to put this country on the correct course?
Scott knows that the game is rigged. He has strong feelings that real estate investors, like many of us, are playing with “cheat codes.” But, that doesn’t mean we’re doing anything wrong. Scott dives into his personal philosophy on who has taken advantage of this country, who needs the most help, and how a young, aspiring entrepreneur or investor can build wealth, without blindly buying into “sexy” assets.
Although Scott likes real estate (and wishes he bought more of it), he cautions young investors to take a step back and be intelligent with their investments. A few right moves when Scott was young allowed him to live the life he has today—but this was through hard work and taking the right action, not waiting for someone else to save him. No matter what age you are, what side of the political spectrum you fall on, or your feelings toward real estate—Scott has words you’ll want to hear.
In This Episode We Cover:
Scott’s new book Adrift and why he thinks America’s course needs to be corrected
The biggest problems America is facing today and how a specific demographic is rigging the system
The bias against boys and how young men are left behind
How young people can get ahead and why they should steer clear of “sexy” investments
Fiat money, cryptocurrency, and how the American dollar is quickly losing its value
The real estate “cheat codes” that any investor can take advantage of
How YOU can create change in the world that will lead to more equality, friendship, and connectivity
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Dave’s BiggerPockets Profile
Dave’s Instagram
Book Mentioned in the Show
Adrift by Scott Galloway
Connect with Scott:
Scott's Twitter
Sign Up to Scott’s Newsletter
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-688
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Knowing how to buy a rental property is one thing, but coming up with the money is another. This is the constant struggle real estate investors find themselves in. When they have cash, there aren’t enough deals. When they have deals, there isn’t enough cash. This catch-22 usually puts investors in a spin cycle, never pulling the trigger on their first or next deal. But, it doesn’t have to be this way. With the right mindset, you can find the money to purchase more rental property, even if you’ve run out of options.
This is what expert investor, David Greene, refers to as his capital “carrot,” or the thing that allows him to find (and make) more money to buy even more real estate. And it’s just one of the topics in today’s Seeing Greene show. In this episode, David takes a live call from Garrett, who’s struggling with whether or not to sell or keep his first deal. We also get questions about BRRRRing with high interest rates, where to find medium-term rental tenants, and how to find a realtor in a brand-new market.
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
The house hack “savings” that turn a dud into a screaming real estate deal
Whether or not keep or sell a rental even if you’re not making much from it
How to buy BRRRRs in today’s high-interest rate environment
Dominating a market as a brand new real estate agent or realtor
Where to find medium-term rental tenants and common short-term rental regulations
How to find a rockstar real estate agent when investing out of state
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Get Real Estate Investing Data, Guides, and Resources
Use the BiggerPockets Rental Property Calculator on Your Next Deal
BiggerPockets Podcast 679 with Zeona and Sarah (Medium-Term Rentals)
BiggerPockets Podcast 680 with Mark Simpson (Short-Term Rentals)
Books Mentioned in the Show
SOLD by David Greene
SKILL by David Greene
Multifamily Millionaire Volume 1 by Brandon Turner & Brian Murray
Multifamily Millionaire Volume 2 by Brandon Turner & Brian Murray
Long-Distance Real Estate Investing by David Greene
30-Day Stay by Zeona McIntyre & Sarah Weaver
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-687
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
House flips, opportunity zone investing, student housing—name a real estate strategy, Evan Turner, former NBA player, has probably done it. Unlike most professional athletes, Evan left the league with more assets than at the peak of his career. He was buying real estate, building homes, and making moves while working a grueling six days a week schedule, knowing that he had to use this opportunity to build something that went far beyond basketball.
Evan grew up in the inner city with a single parent. The realities of struggling for money were all too real for him when he got hit with millions of dollars in his early 20s. He struggled to spend any money for the first few years of his NBA career, which led him to have a surplus that he used in all the right ways. Relying on NBA veterans around him, Evan knew that to build wealth, he needed to up his assets. The most tangible thing he could think of investing in? Real estate.
Now, with many deals under his belt, Evan has become proficient in almost every aspect of buying, funding, and profiting on a real estate deal. He, like many other investors, is seen as lucky for buying consistently throughout the past decade. But Evan knows that the rewards he reaps today came from smart decisions he made years ago. Now, even after he’s out of the game, Evan is still able to bring in seven-figure paychecks. But this time, thanks to smart strategizing, he’ll get to keep most of it.
In This Episode We Cover:
Making the money mindset shift that allows you to build wealth while others waste their resources
Opportunity zone investing and using real estate to revitalize urban communities
Evan’s unbelievable seven-figure fix and flip vacation home deal
Why the first investment property matters most and how to ensure you turn a profit with no experience
Building your real estate team and why everyone needs to network
Taking the “luck” out of investing and why consistency beats timing every time
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
The Investing “Cheat Code” of Opportunity Zone Rentals
The 20 Best Performing Opportunity Zones for Real Estate Investors
Tune Into the “Point Forward” Podcast
Connect with Evan:
Evan's Instagram
Evan's Twitter
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-686
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Finding off-market properties was much harder a few years ago than it is today. Before you’d have to drive for dollars, mark down addresses, build a spreadsheet, constantly update it, and maybe, just maybe, you’d get a motivated seller willing to do a deal with you. This process was overly complicated, expensive, and took too much time. Because it was so challenging, many new real estate investors would forego looking for off-market deals entirely and only stick with on-market MLS listings. But things have changed.
We’ve brought back four-time guest, Justin Silverio, onto the podcast to talk about his new tool, Invelo. Invelo puts all your lists, leads, and tasks into one place, so you’re not scatterbrained when building an off-market lead flow. This app allows anyone, no matter their experience level, to find owners, phone numbers, and addresses while tracking your touch points in a systematized, automated way, so you always have new leads coming in.
This software is a game changer for flippers, wholesalers, and any investor trying to dodge the high prices and agent commissions of buying on-market. And Justin assures us, even if you’ve never done an off-market deal, Invelo will give you everything you need to successfully get the first one in the bag. Stick around ‘til the end of the episode, where we share a special way to start marketing for free with this game-changing tool!
In This Episode We Cover:
How Justin started flipping houses and finding off-market deals with no experience
The right way to do direct mail and why so many investor letters get thrown in the trash
Using Invelo to build lists, reach sellers, and get educated on how to find deals faster
How to optimize your marketing budget by only marketing to leads who could turn into deals
Invelo’s automation that scrubs your list for you so you only keep the best leads
A special discount for BiggerPockets Pro and how you can get a free marketing credit with Invelo
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
BiggerPockets Podcast 58
BiggerPockets Podcast 82
BiggerPockets Podcast 194
Use the BiggerPockets Rehab Estimator on Your Next Flip or BRRRR
Invelo
Open Letter Marketing
Books Mentioned in the Show
Finding and Funding Great Deals by Anson Young
Buy, Rehab, Rent, Refinance, Repeat by David Greene
Connect with Justin & Anson:
Anson's BiggerPockets Profile
Justin's BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-685
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Interest rates have become a hot topic over the past six months. Back in 2020 and 2021, homeowners were bragging to their friends about their rock-bottom mortgage rates and how they secured financing at three percent or less! But times have changed, and seven percent interest rates are becoming the norm. Now, nobody is bragging—in fact, many investors are too scared to buy, thinking that today’s interest rates are far too high to buy homes with. If you’re following this thought process, you could be making a BIG mistake.
Welcome back with another Seeing Greene episode, where our “high rates, who cares?” host, David Greene, answers questions directly from investors just like you. In today’s show, David coaches a young investor on building his side business, why quitting your job could be a mistake, and how to learn from past deals to build wealth far faster. Then, David pivots into answering questions from investors on how to get over your fear of taking on good debt, how much to have in safety reservesfor your property, and why being scared of high interest rates could hurt you in the long run.
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
Why quitting your job as a real estate investor could be a BIG mistake
The right way to house hack and how to maximize every piece of property you buy
Good debt vs. bad debt and why most people view mortgages the wrong way
Capital expenditure funds and how much to keep in cash reserves
High interest rates and when refinancing at a worse rate make sense
Seeing money as “energy” and using it to build wealth while others are scared to act
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
The Fed’s Plan for Future Interest Rates
Debt Is Good When It Comes to Real Estate
Join David’s “Behind the Shine” Newsletter
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-684
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Chris Voss is an expert negotiator. After going from a street cop to the FBI and later thriving as a hostage negotiator, he wrote the world-famous book, Never Split the Difference. This book has served as a masterclass in negotiation for almost every field of work, including real estate investing. Although many of Chris’s examples come from life-or-death situations, the same rules and tactics can be applied to real estate investing. That is exactly why Chris pivoted and started coaching real estate agents to become better negotiators.
But maybe you’re not an agent. Maybe you’re just trying to get your first or next deal done, working with a tough buyer/seller, and feeling like you’re making no headway. Chris has seen this time and time again. An overly aggressive buyer comes in, lowballs a seller, the seller then paints the buyer as the enemy, and the duo does a dance to the death ending in no deal done and frustrations at all-time highs. This is NOT the way to do real estate deals, and Chris has some advice that’ll help you change the way you (and your agent) get things done.
Chris goes in-depth on a few concepts, such as why “no” is actually what you want to hear, how to form “calibrated questions” that get you what you want, and why you’ll need to start using “tactical empathy” if you want to close deals faster. These are some of the same tactics that co-host Rob recently used to get a multimillion-dollar property, without much money out of pocket. No matter your skill level, number of deals done, or years of experience, this advice from Chris could catapult your investing to the next level.
In This Episode We Cover:
Reviewing key lessons taught in Chris’s classic, Never Split the Difference
Why most real estate agents will work against their clients, instead of with them
Using overcommunication to develop instant rapport with a buyer, seller, or client
“Tactical empathy” and why it’s a brilliant way to keep your opponent open to offers
Asking “calibrated questions” that make sellers feel safe when working with you
Building a negotiation scarecrow and making someone else (not you) the instant, uniting enemy
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
BiggerPockets Podcast 260 with Chris
The Happiness Advantage TED Talk
Books Mentioned in the Show:
The Full-Fee Agent by Chris Voss
Never Split the Difference by Chris Voss
SKILL by David Greene
Connect with Chris:
Chris' Website
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-683
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Real estate investing wouldn’t be the same without BiggerPockets. If you were lucky enough to attend BPCon 2022 in sunny San Diego, you’ll know what we mean. With a sea of investors ready to network, advise, and invest with one another, this event shows how powerful the community of real estate investors is. But even if you weren’t able to make it this year, you can still get a sneak peek at what a BPCon panel looks like!
On this bonus episode, sponsored by Rent to Retirement, we take hosts from all our different podcasts to give their advice, expertise, and tips to new and aspiring real estate investors. You’ll hear Ashley Kehr and Tony Robinson from the Real Estate Rookie Podcast answer tactical questions on partnerships, LLCs, and refinancing. Then, BiggerPockets Money Podcast host Mindy Jensen joins The Real Estate *InvestHer Show* duo, Liz Faircloth and Andresa Guidelli, to play the “spend or save” game.
We also bring on the whole cast of our newest show, On the Market, to analyze two deals live in front of the entire audience to see whether or not two flips are flops. Finally, for all you original BiggerPockets Real Estate Podcast listeners, we have David Greene and Rob Abasolo welcoming a special guest back to the show—one that many of you surely missed.
In This Episode We Cover:
How to apply for a mentorship with hosts from your favorite BiggerPockets Podcast
When to keep properties in your personal name vs. in an LLC
Spending vs. saving, and when to pay top price for contractors, cars, self-care, and more!
Live deal reviews of two “profitable” flips in a hot market and why you can’t always trust the numbers
A special cameo from a long-time friend of the show
David’s secret jiu-jitsu move to instantly de-escalate an attack from Rob Abasolo
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Hear Last Year’s Live Panel from BPCon 2021
Rookie Podcast 106: Asset Protection on Rookie
Mentorships on InvestHer
BiggerPockets Podcast 443 with Jim Kwik
David's BiggerPockets Profile
Rob's BiggerPockets Profile
Brandon's BiggerPockets Profile
Dave's BiggerPockets Profile
Ashley's BiggerPockets Profile
Tony's BiggerPockets Profile
Mindy's BiggerPockets Profile
Andresa's BiggerPockets Profile
Liz' BiggerPockets Profile
Henry's BiggerPockets Profile
James' BiggerPockets Profile
Jamil's BiggerPockets Profile
Kathy's BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-BONUS
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Office investments were supposed to be dead by now. 2020 was supposedly the great exodus, where on-site workers were freed of their commutes, small talk, and trips to the water cooler. We were sold a future where remote work was the only option, where everyone had an at-home standing desk, and nobody needed to wear pants. But, this didn't last long, as companies slowly started taking steps to get workers back into the office, making owners of the offices wealthy once again.
But, with so many companies trying flexible schedules, prioritizing work from home, and renewing their video conferencing subscriptions, will office space still be the same as it was just a few years ago? On this month’s BiggerNews, we brought on Kevin Fagan, Senior Director and Head of CRE Economic Analysis at Moody’s Analytics, to give us the scoop on office investing and commercial real estate in 2022.
Kevin’s team works diligently going through the data behind office investments, highlighting whether or not leases are renewed, how rents are being affected, and if office buildings are truly being abandoned. He brings some good news not only for office space investors, but for real estate investors as a whole, showing that this niche won’t be going away anytime soon. With coworking and residential conversions on the rise, office building investments could be a far smarter move than most investors would assume.
In This Episode We Cover:
How office space investing fared through the pandemic and how far occupancy rates fell
Comparing today’s office investing environment to 2008’s and the stark differences between the two
Office occupancy forecasting and when the data predicts a full recovery
How unemployment rates will affect office investors and whether or not employers will force workers back into the office
The best real estate markets to invest in office space and which big metros to definitely avoid
The benefits of office investing compared to residential real estate and why this low-turnover niche is worth it
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Dave’s BiggerPockets Profile
Dave’s Instagram
Investing in Office Buildings—A Beginner’s Guide
The Coming Collapse of Downtown Office Real Estate
Connect with Kevin:
Kevin's LinkedIn
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-682
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
There’s a dark side of real estate no one talks about. Crime, destruction, theft, violence—you name it, we’ve dealt with it. With the spookiest day of the year coming close, we’re going to tell you all our terrible real estate tales. Everyone on podcasts and YouTube wants to show you how easy it is to invest, how it’s an assured path to wealth, and rarely what type of mistakes you can make. But we’re flipping the script, bringing in some of the best and brightest in real estate to show that the grass is usually greener where the septic tank is.
Today’s guests, who have all collectively succeeded at failing, are Andrew Cushman, Jamil Damji, and Matt Faircloth. If you’ve been a BiggerPockets listener, these names may sound familiar to you, but if you’re brand new, let us introduce you to these industry giants. Andrew is a multifamily expert and one of the smartest names in the game on screening and underwriting (analyzing) properties. Jamil built the nation’s largest wholesaling operation and is an expert guest on On the Market. And Matt, CEO of the DeRosa Group, literally wrote the book on Raising Private Capital.
But these titans of industry only made mistakes at the beginning of their careers, right? Not quite. They share today a selection of stories that will make you realize that the only successful investors are the ones who can both literally and figuratively weather a strong storm. And if you think it’s all cash flow and cruises for these investors, you couldn’t be more wrong.
In This Episode We Cover:
Why you should ALWAYS check out a property before you buy (and what happens if you don’t)
Becoming the "Sheriff" of your investment and how contractors can easily take you for a ride
1031 exchange mistakes and how to negotiate with a seller even when you’re on a time crunch
Always staying in your lane and trusting your gut when a deal doesn’t feel right
Paying more for insurance and how to financially prepare for a natural disaster
Why even with all the pain, real estate investing is the best wealth vehicle in the game!
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
BiggerPockets Podcast 661
Vantage Point Acquisitions
The DeRosa Group
Jamil’s YouTube
Book Mentioned in the Show:
Raising Private Capitalby Matt Faircloth
Connect with Matt, Andrew, & Jamil:
Andrew's BiggerPockets Profile
Jamil's BiggerPockets Profile
Matt's BiggerPockets Profile
Jamil's Instagram
Matt's Instagram
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-681
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Most people stumble into short-term rental investing. At some point, they realize a long-term rental, mother-in-law suite, or family cabin could become a revenue-generating, passive income machine. So what do they do? They go online to all the big travel sites, upload their listing, and start hosting. After a few months or years, they buy another short-term rental, and now, they’ve got multiple properties across a few different sites. The reviews are flowing, and the revenue with it. But one day, it stops.
This happened to Rob when his listing got locked—halting his revenue. Without much of a way to repair this, Rob started thinking of how he could host with autonomy and reduce the risk as his portfolio grew. Sooner or later, Rob and today’s guest, Mark Simpson, started talking. Mark, an expert in hospitality, knew that something like this would happen. It’s why Mark has been helping hosts build their own booking sites over at Boostly.
As a short-term rental expert, Mark helps hosts build an income stream that can’t be paused, limited, or removed. Instead, he and his team give hosts everything they need to get more bookings, pay fewer fees, and keep guests coming back for more. And, as the short-term rental space grows at lightspeed, Mark argues that hosts should start building out these direct booking sites now before it’s too late.
In This Episode We Cover:
The danger of solely hosting your short-term rentals on online travel agencies
How so many hosts find themselves “held hostage” by guests and travel sites
Building your “guest avatar” and modifying your vacation rental to fit your ideal guest
Guest screening tips and how to safely rent your property on your own website
Underrated upgrades to make to your short-term rental that massively boost bookings
Effortlessly converting guests online travel stays and into direct bookings
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Stop Relying On Airbnb and VRBO and Build A Business You Control
4 Things You Need to Know Before Buying A Short-Term Rental
Boostly’s Property Management Software List
Books Mentioned in the Show:
Short-Term Rental, Long-Term Wealth by Avery Carl
The Book Direct Playbook by Mark Simpson
Connect with Mark:
Mark's Website
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-680
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Medium-term rentals have seen growth like almost no other type of real estate. In the past, if you wanted high cash flow, you’d be hit with the headache of running a short-term or vacation rental. So, most investors who wanted to take the passive investing route stuck to regular, long-term rental properties. But, with interest rates higher than many of us have ever seen, most regular rental properties simply won’t cut it. Thankfully, there's a strategy that merges short and long-term rentals, with many of the combined benefits but few drawbacks.
The strategy is simple: buy a house, furnish it, and rent it out for over thirty days. Surprisingly, doing so will often get you double the rent as a regular rental property without the constant turnover of short-term rentals. Don’t believe us? Maybe Sarah Weaver and Zeona McIntyre can change your mind. They’ve been doing the medium-term rental strategy for years, and it’s what’s given them the financial freedom they enjoy today!
Sarah, shortly after finding out about the medium-term rental strategy, converted many of her long-term rentals into medium-term. Zeona, a former short-term rental owner, knew the high cash flow, low maintenance approach would help her live the nomadic lifestyle she loves. They detail exactly how they did it, what it takes to succeed, and how you can repeat the process in their new book, 30-Day Stay.
In This Episode We Cover:
The medium-term rental strategy explained and why it’s often a better bet than short-term rentals
Switching from short-term rentals to medium-term rentals and why the pivot makes sense
The best guests for medium-term rentals and why it isn’t always about traveling nurses
Which markets work best for this strategy and what bedroom/bathroom count has the highest ROI
Property management, maintenance, and how to make sure your medium-term rental succeeds
Analyzing a medium-term rental property and what extra costs to be aware of
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
BiggerPockets Podcast 229 w/Zeona
BiggerPockets Podcast 300 w/Zeona
BiggerPockets Podcast 563 w/Sarah
Furnished Finder Stats
Books Mentioned in the Show:
Profit like the Pros by Ken Corsini
Raising Private Capital by Matt Faircloth
SKILL by David Greene
30-Day Stay by Zeona McIntyre & Sarah Weaver (Use Code “ZEONA” or “SARAH” for a Discount)
Connect with Sarah & Zeona:
Sarah's Instagram
Zeona's Instagram
Sarah's BiggerPockets Profile
Zeona's BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-679
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Let’s be honest. The housing market has been a pain over the past few years. Sellers wouldn’t entertain any offer that wasn’t 10% over the listing price, real estate agents wouldn’t return your calls, and you may have thought that the time to buy rental properties was over. Fortunately, the tides have turned, and the seller’s market has almost overnight become a buyer’s market. Price drops are aplenty on the MLS, real estate agents want to be your best friend, and sellers desperately need to get their homes offloaded. This creates an opportunity for you to start buying deals at a discount.
Jamil Damji, America’s leading wholesaler, knows that now is the time to get properties under contract. He’s been an expert at off-market deal-finding for decades, but now, he says that on-market deals are becoming far easier to find. Combine his nationwide knowledge with David Greene’s agent expertise, and you have a masterclass on finding steals, not just deals, in today’s housing market.
David and Jamil go through eight different techniques you can use to find deals, lock them in at a low price, and grow your real estate portfolio, while everyone else is too scared to act. In times like these, when fear is at an all-time high, smart investors keep their cool, continue buying based on the numbers, and walk away far richer than the average investor. Interested in doing the same? Grab your notepad and write down these eight techniques. There’s a good chance you’ll be using them soon!
In This Episode We Cover:
How the housing market has shifted and whether or not we’ve become a buyer’s market
Off-market vs. on-market deal-finding strategies and which makes sense in 2022/2023
Using “emotional influence” to get a seller to agree to your terms as soon as possible
Building relationships with listing agents so they act as your ally in a deal
How to leverage “bad news” to turn frustration into motivation for a seller
Tell-tale signs of a motivated seller that will quickly get a deal done
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
BiggerPockets Podcast 677
BiggerPockets Podcast 667
These 20 Housing Markets Are Cooling the Fastest, According to Redfin
Connect with Jamil:
Jamil's BiggerPockets Profile
Jamil's Instagram
Jamil's YouTube
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-678
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Financial freedom in two years? How can that be possible with high interest rates and higher home prices? If you’re looking at what’s on the MLS as the only deals around, you could be missing out on buying properties that could fast-track your journey to early retirement. Taylor Wing, unlike most investors, didn’t go the conventional route when building his rental property portfolio. But, walking the road less traveled has paid off significantly, as he has already found financial freedom in less time than it takes most investors to buy their first property!
Taylor’s career trajectory was cut and dry from the start. After graduating from West Point, he entered the Army and knew exactly how rankings, raises, and benefits would work from the day he started until the day he retired. This rigidity didn’t sit well with an entrepreneurial-minded, soon-to-be investor like Taylor. After his first house hack, and a very successful BRRRR, Taylor went full-throttle on investing.
Now, just two years later, he has a portfolio of over thirty rental units, a Rolodex full of private money lenders, and teams in multiple states ready to help him grow. So what sets Taylor apart from the rest? Aside from his resilience, Taylor chose to take action once he had enough information, instead of falling victim to analysis paralysis. If you follow Taylor’s advice, you too could grow a portfolio as fast as he did!
In This Episode We Cover:
Taking action, pushing past fear, and refusing to be stuck in analysis paralysis
Direct-to-seller marketing and how to find off-market real estate deals
Creative financing strategies, the subject to method, and no money down deals
Defining your “buy box” and red flags when looking for a BRRRR or rental property
Building your real estate team and the most important hire you can have
How to create an actionable plan to reach financial freedom in only a few years
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Jamil's BiggerPockets Profile
Jamil's Instagram
Hear About “Reverse Flipping” with Ashley Hamilton
The 30-Something’s Guide to Financial Freedom
Try Follow Up Boss to Get More Real Estate Deals
Books Mentioned in the Show:
Financial Freedom with Real Estate Investing by Michael Blank
Traction by Gino Wickman
Connect with Taylor:
Taylor's BiggerPockets Profile
Taylor's Instagram
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-677
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The short-term rental game is not one to enter lightly. Regular rental property investors shudder at the constant turnover, consistent guest complaints, and far more intensive upkeep that vacation rental property owners pride themselves on. But is a week in the life of a self-managing short-term rental empire owner that bad? Well, maybe we’ll just have Rob Abasolo AKA Robuilt, YouTube’s go-to authority on vacation rental investing, answer this.
Rob has had a troubling week to put it lightly. From guests somehow deadbolting themselves out of their homes to ACs being frozen solid, sending vacationers to the wrong address, and almost obliterating a $20,000 pool, many things can go wrong in the realm of short-term rentals. But, is the profit worth the pain?
Dave Meyer from On The Market joins along this episode to act as Rob’s therapist/cheerleader as we go through a week’s worth of almost unbelievable events in the life of a vacation rental property owner. This episode highlights lessons learned from each mistake that you can use to build a better rental property portfolio, have a more seamless customer experience, and maybe get a little more “me and my burrito” time.
In This Episode We Cover:
Setting up fail-safes around your short-term rental so guests always have a way in
Why sticking to your guns isn’t always the best way to build a strong vacation destination brand
Supply chain shortages and how it’s severely delaying short-term rental owners
Why you should never fully drain a pool (unless you like paying $20,000+ in repairs!)
Using speed to your advantage and making guests feel heard as soon as a problem arises
Staying in contact with your team so you can solve problems smarter
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Dave's BiggerPockets Profile
Dave's Instagram
The Ultimate Guide to Short-Term Rental Properties
How I Perfected the Process of Self-Managing My Rentals
Vacation Rentals Are Popular, But Are They Profitable?
Book Mentioned in the Show:
Short-Term Rental, Long-Term Wealth by Avery Carl
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-676
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Mortgage rates are up, which is good news for (almost) no one. Those who have built huge equity gains over the past few years now feel like they’re stuck at a crossroads. You could pull a cash-out refinance to buy another investment property, but with such high mortgage rates, is it better to wait out the market? This standoff between buyers, sellers, and the Federal Reserve have many investors confused about the next move to make. Thankfully, our in-the-field investing veteran, David Greene, is here to help.
Welcome back to another episode of Seeing Greene, where your host David answers questions on the spot from investors spanning every skill level. We’ve got video and text submissions this week, with topics ranging from whether to wait or buy now, how to push past negativity when you’re struggling to find deals, when to refinance while interest rates rise, asset protection basics, and much more. These in-depth answers from David will probably solve top-of-mind questions you may have too!
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
Whether to buy now or wait for a housing market correction
How to get out of a negative mindset when struggling to find deals
“Timing” your refinance to get the lowest rate possible (and whether or not it’s worth it)
What most investors get wrong about house hack “cash flow”
Asset protection basics and if an LLC is necessary for your first rental
Self-management vs. property management and when to trade money for time
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Ask David Your Real Estate Investing Question
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Book Mentioned in the Show:
Real Estate by the Numbers by Dave Meyer & J Scott
Connect with Jonathan
Jonathan's BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-675
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Ashley Hamilton is a landlord, multi-unit investor, reverse flipper, hard money lender, and everything else in between. You may recognize her name from episode 331, appropriately titled “10 Real Estate Deals on a $20K Waitress Salary,” which became one of the most popular BiggerPockets Real Estate Podcast episodes. If you haven’t heard of Ashley, here’s a quick rundown: As a teen mom, Ashley was working hard daily to provide for her kids. With only a $20K/year salary, she began buying rental properties, often in cash, in the Detroit area. The last time we chatted, Ashley had ten units. But now, things are very different.
Ashley knew that ten units and $7,000/month in cash flow was life-changing, but wanted to go even bigger. Since then, she’s rapidly expanded her rental property empire, growing her portfolio by many multiples and expanding into other businesses like consulting and hard money lending. She’s even developed her own version of the BRRRR strategy called “reverse flipping,” which makes high interest rates a non-issue when trying to refinance out of your property.
She gives some killer tips on keeping tenant turnover low, why paying taxes isn’t such a bad thing, and how betting on cities like Detroit can make you much wealthier. One surprising thing about Ashley is that she built the foundation of her portfolio on cash deals while making a below-poverty salary. So if you think money is the one thing stopping you from investing, Ashley will probably change your mind!
In This Episode We Cover:
Buying properties in cash and why leverage isn’t always the best move to make
What to do once you’ve hit financial freedom and building generational wealth
Going slow to build a property portfolio fast and “portfolio architecture”
Reducing tenant turnover and how Ashley kept 80% of her tenants over ten years!
The “reverse flip” strategy and why you should be on the lookout for PILFs
Investing even on a low salary and where cash flow can still be found
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Hear Our First Interview with Ashley
Tenant Turnover Can Wreck Your Profits—Here’s the Simple Solution to This Costly Issue
Book Mentioned in the Show:
Buy, Rehab, Rent, Refinance, Repeat by David Greene
Connect with Ashley:
Ashley's BiggerPockets Profile
Work with Ashley Hamilton Consults
Ashley's Instagram
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-674
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What sets apart your everyday real estate investor from an investing expert? While novice investors are focused on cash flow only, veteran landlords focus on something worth much, much more. Thankfully, even if you’re just getting started on your investing journey, you don’t have to go through the hard work that experts like Dave Meyer and J Scott went through. Instead, you can hear their time-tested advice today, and grab their new book Real Estate by the Numbers!
J, a techie turned master flipper has written numerous books on estimating rehab costs, calculating real estate deals, and recession-proof investing. Dave, our VP of Data and Analytics and host of On the Market, has been head-down in housing market data for the past decade. These two real estate investing juggernauts combined their knowledge to write a book that lets every investor, no matter their skill level, find better deals, calculate profits smarter, and build wealth faster.
In this episode, we talk about calculating cash flow, ROI, and other metrics that may, or may not, matter as much as you’d think. You’ll hear how these two experts use much more than the numbers to define which deals are worth buying. After this episode, you may look at your portfolio differently, or even think about selling some of the properties you thought were “winners” before!
In This Episode We Cover:
The math behind the real estate deal and which metrics matter more than most
Calculating which properties work best for your portfolio
Defining your “buy box” and using it to filter through deals so you can build wealth faster
Why your property’s ROI (return on investment) might be even better than you think
How to start thinking like an investing expert and the lump sum vs. cash flow debate
Understanding the time value of money and how it’ll make you richer quicker
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Here’s Why You Should Consider Investing in Senior Living
Should You Invest In Senior Housing (And Is Now the Right Time)?
Genworth’s Cost of Care Survey
BiggerPockets Calculators
Book Mentioned in the Show:
Real Estate by the Numbers by Dave Meyer & J Scott and Use Code “DAVE” or “JSCOTT” for 10% Off
Connect with Dave & J:
J's BiggerPockets Profile
J's Website
Dave's BiggerPockets Profile
Dave's Instagram
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-673
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Rising interest rates are being met with some negativity from investors. Deals don’t make sense anymore, cash flow is becoming almost extinct, and those who could qualify just a year ago are barely making the cut. How could mortgage rates almost doubling over the past year make buying real estate possible, let alone profitable in 2022? David Greene, veteran real estate investor, says that now is the time to buy!
Welcome back to another Episode of Seeing Greene, where David hits on some time-sensitive questions surrounding the world of real estate. We touch on private money lending, the housing market and interest rate updates, how to “gift” a down payment, real estate partnerships, goal setting, and who should stay away from house flipping. If you’re just starting your journey in real estate investing, this is the episode to listen to!
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
Why rising interest rates make buying real estate even easier in 2022
How to ensure a private money lender feels protected in a deal
Real estate partnerships and the right way to gift a down payment
DSCR loans and other investor-only financing options you can use to scale your portfolio
Novice flipper tips and who should and shouldn’t be flipping homes
How to set bigger, better goals that allow you to accomplish your dreams at light speed
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Ask David Your Real Estate Investing Question
Books Mentioned in the Show:
Long-Distance Real Estate Investing by David Greene
Buy, Rehab, Rent, Refinance, Repeatby David Greene
The Richest Man in Babylon (BiggerPockets Edition) by George Clason
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-672
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Assisted living investing isn't your typical type of rental property investing. When someone thinks “I want to get rich in real estate,” they’re often not considering setting up a home for seniors, those in medical decline, or medical patients. Investors almost prematurely dismiss any idea of RAL homes (residential assisted living) if they have no medical background and no personal need to do it themselves. This can become a costly mistake, especially when the evidence adds up on why assisted living could be the most recession-proof real estate investment out there.
Isabelle Guarino-Smith is one of the investors that decided to go down this path. Without any medical experience of her own, she led her family business to become a successful assisted living brand throughout the state of Arizona. When her grandmother needed care many states away, Isabelle’s father realized that building not only a better facility, but a more profitable portfolio, was a smart move to make. And this risk has paid off significantly, as Isabelle now takes home a five-figure monthly cash flow from each of these properties.
She knows that the “silver tsunami” is coming in quickly and that capitalizing on this niche now could mean even great profits in the future. But, this isn’t all about the money for Isabelle and her team. She’s seen how much better care seniors can get in smaller facilities and that this type of investment doesn’t just pay itself back in profits, but in knowing that you’re making a difference in the lives of those who need it most.
In This Episode We Cover:
How to transition from residential real estate investor to assisted living specialist
The three types of senior housing facilities and the only one worth investing in
The “silver tsunami” that’s on the way and how to capitalize on it before it’s too late
Financing options for assisted living investments and how to raise capital
Renovation tips, common costs, and how much you can expect to make on your first facility
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Dave's BiggerPockets Profile
Dave's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Here’s Why You Should Consider Investing in Senior Living
Should You Invest In Senior Housing (And Is Now the Right Time)?
Genworth’s Cost of Care Survey
Books Mentioned in the Show:
Rich Dad Poor Dad by Robert Kiyosaki
The Pumpkin Plan by Mike Michalowicz
The 5am Club by Robin Sharma
Connect with Isabelle:
Isabelle’s Website
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-671
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
After a strong housing market runup, the Federal Reserve is looking to tame this economic beast with yet another rate hike. Most investors see now as a time to take a step back, invest less, and hold their financial positions steady. But, are we approaching a 2009/2010-type scenario where home prices dramatically drop, and deals are easier to find than ever before? On this month’s BiggerNews, we bring in Kathy Fettke, nationwide real estate investing expert and On the Market expert guest, to give her take on upcoming opportunities.
In a recession or correction, smart investors deploy their “defensive investing” techniques, allowing them to pick up steals, not just deals, and fold properties into their portfolio that can help float them during times of trouble. Even as an intense investor, Kathy adopts the “aggressively defensive” tactic, the same one Rich Dad Poor Dad author Robert Kiyosaki told her about back in 2008. Simply put, industry experts like Kathy aren’t thinking of selling—they’re focused on buying!
To wrap up, Dave, David, and Kathy give some practical tips on time management, and how to keep buying as you get busy. With only twenty-four hours in a day, these big-time investors still find ways to run business, record podcasts, and buy new deals, but only thanks to a system they’ve designed. Before you know it, you might be in too tight of a timeline to actively invest, so start implementing these tips now!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Dave's BiggerPockets Profile
Dave's Instagram
Subscribe to the “On The Market” YouTube Channel
BiggerPockets Podcast 502
The Fed Basically Admitted It. They Want a Housing Correction
Real Wealth
Grow Developments
Books Mentioned in the Show:
Real Estate by the Numbers by Dave Meyer
Rich Dad Poor Dad by Robert Kiyosaki
Connect with Kathy:
Kathy's BiggerPockets Profile
Kathy's Instagram
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-670
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
BRRRR investing has become one of the most popular real estate investing strategies across the United States. But, the great contractor shortage of 2020 and 2021 almost decimated BRRRR investors. Record high prices, dragged-out timelines, and the inability to rely on almost anyone to fix up houses brought this strategy close to extinction. But now, we’re seeing a second wind of BRRRR investing as contractors aren’t being stretched so thin and competition for real estate starts to slump.
Welcome back to another episode of Seeing Greene, where your “I don’t seek validation, validation seeks me” host, David Greene, is back to answer your questions on anything related to real estate. In this episode, we talk about investing methods such as the BRRRR strategy, real estate syndication investing, becoming a real estate professional, and more. We’ll also touch on some deeper topics like why so many new real estate investors crave validation, how to know when to fire your property management company, and the medieval meaning of “racking your brain.”
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
How less competition for contractors could make the BRRRR strategy much more viable in 2022
Real estate syndications vs. investing in your own deals (and how to know which is a better choice)
Becoming a real estate professional to significantly lower your taxable income
Refinancing a property even if you lack a W2 or don’t have consistent income
The right way to find a mentor and taking the “apprenticeship” role instead of asking for advice
When to switch property managers and questions to ask before you let them go
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Find the Real Estate Professional You Need
BiggerPockets Podcast 378 with Brian Burke
BiggerPockets Podcast 649 with Alex Hormozi
Books Mentioned in the Show:
Buy, Rehab, Rent, Refinance, Repeat by David Greene
Long-Distance Real Estate Investing by David Greene
Investing in Real Estate with No (and Low) Money Down by Brandon Turner
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-669
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Reaching financial freedom doesn’t mean grinding away for decades to finally retire. It may only take a couple of deals for you to create enough traction to quit your W2 or go full-time into investing. But what if you have a family and children to support? Surely there’s no way to hit quick financial independence with those responsibilities? If you’re still not persuaded, hear Zasha Smith’s story.
Zasha was working sixty-hour weeks, sometimes every day of the week, as a civil engineer. She knew that continuing down this career path would lead to long days, even longer nights, and time away from her children. After a quick Google search on “how to get rich,” she stumbled upon real estate investing. After her first successful home flip and her first rental property purchase, she gave her resignation, and the rest is history.
Now, she’s got a portfolio capable of providing her a financially free lifestyle, with ten units acquired in just three years. Mind you, this all happened during the events of 2020, meaning Zasha deserves even more credit! She’s currently using her wealth to give back to the community, with plans to build affordable housing throughout her home state of Hawaii. Her “give back, get ahead” mentality is surely working, and it’s something all real estate investors should try.
In This Episode We Cover:
When to quit your W2 and pursue full-time real estate investing
Finding off-market deals and beating Brandon Turner in his own backyard
Affordable housing and how you, the landlord, can help those who have limited resources
Masterminds, real estate meetups, and other ways to quickly grow your investing network
Real estate partnerships and red flags that every investor must pay attention to
Giving back to the community and mentoring others who are just getting started
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Find the Real Estate Professional You Need
Why I’m Investing in Affordable Housing for the Long Haul
10 Challenges to Seriously Consider BEFORE Quitting Your Day Job
Books Mentioned in the Show:
Buy, Rehab, Rent, Refinance, Repeat by David Greene
Rich Dad Poor Dad by Robert Kiyosaki
Connect with Zasha:
Zasha's BiggerPockets
Zasha's Instagram
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-668
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Investment properties are hard to find—unless you use the tips Jonathan Greene mentions in today’s episode. If you’re like most real estate investors, you know that in 2022, it can feel like you're constantly getting nickeled and dimed over every aspect of your offer. The seller wants more money, a quicker closing, refuses to give seller concessions, and acts like their often outdated, structurally unsound property is worth as much as their neighbors' new construction down the street.
How do you negotiate with these sellers to actually get the deal done at a price that won’t destroy your future profits? Or, maybe a better question to ask is, how do you find deals already on the market, with desperate sellers waiting to accept any offer that comes their way? What if you’re a brand new real estate investor, still looking for your first rental property? How do you get on the same wavelength as a tough seller?
Jonathan Greene is known around the BiggerPockets forums as a millionaire mentor. He left his career as a criminal prosecutor to start profiting from investment properties. Now, he runs an agent team that has built seriously strong negotiation tactics, and Jonathan still invests heavily on the side. He’s walked away from more deals than he can count. But, he’s also won deals that other investors would have no chance at acquiring. Want to repeat how Jonathan did it? You’ll hear it all in this episode!
In This Episode We Cover:
Why “hard” negotiations don’t work in real estate and the fastest way to ruin a potential deal
Defining your “buy box” and looking for much more than just cash flow
The foolproof way to guarantee you'll make money on your investment property purchases
Why rookies get stuck in analysis paralysis and how simply “seeing” a house will snap you out of it
Becoming a great real estate negotiator and giving sellers offers that they can’t refuse
The almost too easy way to find under-the-radar real estate deals on the MLS
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
BiggerPockets Real Estate Podcast 584
7 Top Real Estate Negotiation Tips
Listen to “Zen and the Art of Real Estate Investing"
Connect with Jonathan:
Jonathan's BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-667
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Unless you’re trying to invest in real estate using all cash, you’ll need to know which investment loans work best for you. But what if you’re a contractor, a business owner, or self-employed? What if you’ve already used up all your financeability and your DTI (debt-to-income ratio) is too high for lenders to take you seriously? What’s your next step? Fortunately, even if you’re feeling the crunch of difficult financing, you still have numerous ways to buy rental properties. You just need to know where to look!
We’re back! Or more like David is back on another episode of Seeing Greene where he takes the most-pressing questions from our audience and answers them live for all investors to benefit. In this episode, we’ll be talking about mid-term rentals and the threat they pose to “regular” rental property investing, why it’s so challenging to find investor-friendly agents, how wholesaling real estate could get you into trouble, and house hacking in an expensive market (even with VERY little down).
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
Why mid-term rentals may be the perfect sweet spot between effort and cash flow
How to grow an investor-friendly team of agents when most agents simply won’t cut it
Scaling your rental property portfolio using DSCR loans and other investment property products
The 10-second calculation that’ll help you decide whether to sell or rent out your house
House hacking in an expensive market and whether the “5% down” method is just a myth
Why agents could find themselves in serious trouble when trying to wholesale real estate
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Partnerships—What to Do Before You Jump in With Another Investor
3 Reasons I Think Medium-Term Rentals Beat Short-Term
Get Closing Costs Covered with Kyle Renke
Housing Market “Soft Spots” with Kyle Renke
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-666
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Short-term rental arbitrage seems like an elusive concept. As a real estate investor, it can be a little hard to wrap your head around it. You lease a property, rent it out, and then…profit? That’s right! Without buying a rental property, dealing with maintenance or large-scale repairs, you too can make just as much money (if not more) than the landlord down the street without ever owning the property in the first place. It sounds like a dream, but in reality, you’ll need an airtight system and team to make it work.
Thankfully, Jeff Iloulian has all that and more. Before 2014, Jeff was living as a lucrative lawyer, billing high by-the-minute rates and making money every second he worked. This was during the “wild west” of short-term rental investing, where mom-and-pop owned vacation rentals were starting to become a serious way to make passive income. Jeff initiated his portfolio with just one “lease arbitrage” unit and eventually ballooned his empire up to 150 rentals!
Now, Jeff does more than just run his short-term rental portfolio. He runs the buying group HostGPO, helping link up short-term rental operators with vendors who can provide better, time-tested, industry-specific products. Not only that, Jeff manages numerous other vacation rentals, so he knows everything from furnishing to cleaning, check-out procedures, and more. He gives a furniture and furnishing masterclass in the second half of this interview where many of his tips could save you thousands over the lifetime of just one rental unit.
In This Episode We Cover:
Rental arbitrage and how any investor (no matter their budget) can use it to make passive income
Breaking out of the “not enough time” matrix to start investing on a busy schedule
Furnishing your short-term rental and why IKEA may not be the best bet for bed sheets
Building your short-term rental dream team and how to manage a large-scale portfolio
The mega-niche investing opportunity of renting soon-to-be destroyed homes
Leaving a lucrative career to invest in real estate and why it’s almost always worth it
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Airbnb Rental Arbitrage—The Ultimate Guide
The Ultimate Guide to Short-Term Rental Properties
Creative Ways to Furnish Your Short-Term Rentals on a Budget
How to Build Your Dream Short-Term Rental Team
Get Exclusive Short-Term Rental Investor Discounts with HostGPO
Books Mentioned in the Show:
Buy, Rehab, Rent, Refinance, Repeat by David Greene
Short-Term Rental, Long-Term Wealth by Avery Carl
Connect with Jeff:
Jeff's Website
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-665
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The way you pitch anything is how you pitch everything. So how are you showing your professionalism in meetings, negotiations, or presentations? Are you rolling in nervously with a pitch deck that looks like it was made by two middle-schoolers, sporting an unfitting suit and some cheap-looking picture of Hawaii as your background? Is that what multimillionaires want to see on a deal presentation? Will investors even take you seriously?
There are a few keys to a perfect pitch, regardless of what you’re even pitching. Oren Klaff, author of Pitch Anything, has become a master at deal negotiations and capital raising. He’s seen what makes a prospective investor walk out of the room or end a video call early, and he’s here to make sure you’re not the person on the other end of that presentation. So what do you need to do to successfully sell or pitch anything?
In part two of this second episode with Oren, we walk through the different types of brain stages a presentation attendee is in, how to bypass the brain, and the wrong way to design a pitch. Oren has seen it enough to know that the how you’re presenting information probably isn’t the right way. He gives some rapid-fire tips on immediately boosting your credibility, upping the stakes, and how to get investors, attendees, or anyone else on your side from the first sentence.
In This Episode We Cover:
Pitching to “dead air” and how to successfully sell anyone on a deal in the video conference-first world
Bypassing the brain so investors and attendees hear what you have to say
The wrong way to structure a pitch and why most people fail at building rapport
Ending the pitch, escalating the tension, and raising the stakes for your attendees
The million-dollar move that helped Rob raise seven figures in only a few days
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Check Out Part One with Oren
How to Take Control of Everyday Negotiations With One Simple Technique
How to Pitch to Investors So They Bite
The 4-Second Pitch to Unlock Unlimited Funds
Book Mentioned in the Show:
Pitch Anything by Oren Klaff
Connect with Oren:
Oren's website
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-664
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Oren Klaff is best known for his groundbreaking book, Pitch Anything. In it, he gives a systematized way to take control of every meeting, negotiation, and deal on your terms without taking a submissive position. Oren has the expertise to back up his claims. As a world-renowned leader in sales, capital raising, and negotiation, he’s been in the meetings, flipped the script, and gotten deals done that most couldn’t even dream of. Now, he’s sharing his wisdom with you.
Much of what Oren describes gets a bad rap in today’s world. The terms “alpha” or “in control” are subliminally thought of as violent or harsh, but in Oren’s context, they are completely accurate. In part one of this two-part episode, Oren gives you everything you need to take control of your deal, get negotiations done on the terms you want, and put opponents in the position for you both to succeed, instead of merely butting heads.
But this advice isn’t just for the board room. These key principles work in every conversation you’ll ever have, whether you're raising millions to close on an apartment complex investment or merely trying to get your kid to eat their vegetables. The way you pitch, frame, and control a conversation directly correlates to its outcome. And in real estate investing, this isn’t a skill you’ll want to be without.
In This Episode We Cover:
The alpha and beta dynamic and putting yourself in the alpha position in every negotiation
The risk of not taking control and how giving someone else the lead could ruin your deal
Shifting perspective and the “frame control” exercise that’ll bring anyone down (or up) to your level
Putting your opponent or partner in an “emotional state” so they can see your point of view
Raising the stakes and how doing so will solidify any deal that needs to get done
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
How to Take Control of Everyday Negotiations With One Simple Technique
7 Real Estate Negotiation Tips
4 Reasons Negotiating Regularly Will Make You Richer, Wiser, & More Confident
Book Mentioned in the Show:
Pitch Anything by Oren Klaff
Connect with Oren:
Oren's website
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-663
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Cash flow—the two words every rookie real estate investor loves to hear. It’s always about cash flow. “If the property doesn’t bring in a healthy amount of pure profit every month, there’s no point in buying it!” This sentiment could cost you hundreds of thousands, if not millions over the lifetime of your real estate investing career. Don’t get us wrong, cash flow is important, but focusing on this metric alone may lead to your downfall.
Chris Lopez hopped off the “buy only for cash flow” bandwagon long ago, and he’s much richer for doing so. Chris has become successful quickly in the real estate game, which is doubly impressive if you look at his past business history. He didn’t start in real estate sales, investing, or anything of that nature—he was more interested in building content for other businesses he was pursuing. After realizing that rental property investing was the way to go, Chris took a hard pivot, repurposing the same skills he used in his businesses to work in real estate.
Now, he’s got eight units of his own, passive investments he doesn't need to worry about, and a successful real estate brokerage situated in the real estate mecca of Denver, Colorado. He’s become the foremost expert on Denver real estate not because he’s done thousands of deals, but because he knows the area well enough to teach those who don’t. Chris talks about business building, mentorship, and a much better calculation than cash flow in this episode.
In This Episode We Cover:
Building a real estate business that not only makes you active but passive income
SEO, content marketing, and using “lead magnets” to drastically increase your deal flow
The wrong way to find a mentor and four simple steps to take to get the attention of top investors
The world’s best business card and how it turns you from a novice into an expert
How to reevaluate your real estate portfolio to ensure it’s making the most money possible
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
BiggerPockets Podcast 278
BiggerPockets Podcast 558
Watch Chris’ “House Hackerz” Series on YouTube
9 Simple Steps to Finding the Best Real Estate Mentor
Books Mentioned in the Show:
Rich Dad Poor Dad by Robert Kiyosaki
BRRRR by David Greene
How to Sell Your House for Top Dollar, Faster by Faby Gonzalez
Good to Great by Jim Collins
Who Not How by Dan Sullivan
Connect with Chris:
Chris' website
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-662
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The multifamily real estate market seemed almost impenetrable over the past two years. Unless you had millions in dry powder, ready to overpay for a huge apartment complex, there was a low chance you’d be making any money in the multifamily industry. This gave the big buyers an unfair advantage, while smaller investors struggled to put almost anything under contract. The tables have started to turn as interest rates rise, repricing becomes the norm, and multifamily buyers start fleeing the closing table.
It’s now your time to shine, small-scale investors. As large buyers begin to fear a housing market crash, you can swoop up the spoils that could benefit you for years to come. But, before you do so, you’ll need to understand how exactly multifamily investing works. Back again on the show are Andrew Cushman and Matt Faircloth, two multifamily masters in their own rights.
They’ve become real estate veterans after over a decade worth of investing experience. Now, they’re here to share some beginner steps and tips on how you can get into the world of multifamily real estate, regardless of your experience, knowledge, or bank account size. These steps are simplistic at a high level, but doing them correctly could help you beat out the competition for years to come. The only question is, are you ready to start?
In This Episode We Cover:
Why today’s “fearful” multifamily market is a great opportunity for new investors
Evaluating your goals, skillset, and advantages before you step into the multifamily market
The biggest mistakes new investors make when choosing a real estate market
How to get deals sent directly to you and build up a network of top-tier brokers
Building your real estate dream team that’ll allow you to scale with far less headache
Raising private capital and using other people’s money to grow your real estate empire
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
BiggerPockets Podcast 571
BiggerPockets Podcast 586
BiggerPockets Podcast 634
BiggerPockets Podcast 279
Harvard Joint Center for Housing Studies
Crexi
Loopnet
Berkadia
Cushman and Wakefield
CBRE
Marcus and Milichap
Colliers
Books Mentioned in the Show:
Long-Distance Real Estate Investing by David Greene
Raising Private Capital by Matt Faircloth
Connect with Matt & Andrew:
Andrew's BiggerPockets Profile
Matt's BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-661
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Hotel investments, big BRRRRs, and some mind-boggling cash flow are coming up on this Deal Deep Dive with our very own Rob Abasolo. For almost the entirety of Rob’s short-term rental investing career, he’s preached the good gospel about how small, mom-and-pop-owned vacation rentals are the way of the future. The secluded single-family rental, log cabin, or treehouse were some of Rob’s most impressive and profitable investments. But now, he’s taken a step in a whole different direction.
Rob doubled his rental property portfolio almost overnight, going from fifteen units to thirty-five by purchasing a twenty-unit hotel/motel mix in beautiful Upstate New York. Without much experience running anything on that scale, Rob and his partners went to work trying to figure out how to turn this mess of a motel into a profitable, high-value vacation destination. He faced some serious hurdles, from canceling on guests to fixing a literal hole in the middle of the property, but found a way to make it work.
Once the renovations are complete, Rob will walk away with an almost unbelievable amount of yearly cash flow, a seven-figure increase in equity, and a scalable system that will let him do these types of deals more often than he thought. Want to hear the nitty gritty so you can tackle something as lucrative as this? Sit back, relax, press play, and prepare for your next big property purchase!
In This Episode We Cover:
Transitioning from single-family rentals to multifamily vacation rental investments
Hotel hurdles and what you should know before investing in a multi-unit short-term rental
Big BRRRRs and how to revive a rental property that has serious deferred maintenance
How to find contractors when you’re in a low-population investing area
The right way to transfer ownership after you’ve bought a not-so-straightforward property
Seller financing and getting deals with lower interest rates and far more flexible lending
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Our Interview with Heather Blankenship on RV Park Investing
Are There Opportunities in Hotel Investing in 2022?
Struggling to Find a Stellar Contractor? Try These 9 Pro Tips
The Definitive Guide to Using Seller Financing to Buy Real Estate
Watch Rob’s Video on This Property
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-660
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Nobody likes cold calling. Even just the thought of cold calling is enough to make seasoned real estate investors start to sweat. The waiting, debating, and constant rejection can get to anyone. So why not take the stress out of a tense situation? Why not make cold calling a game? Luke Rotvold decided to do just this. As a new wholesaler, he was used to spending hours on the phone every day. He got so bored that he started playing video games while negotiating with sellers. Surprisingly, it didn’t distract him—it made finding deals far easier.
Luke severely leveled up his cold calling skills during those eight-hour long Madden marathons, and eventually started making enough money to build his own team. But Luke didn’t want to start something that felt like a drag to the workers, employers, and everyone else in between. Instead, Luke built a lifestyle-first business, where everyone wins (and loses) together, and coming to work feels like an escape, not a prison sentence.
The results speak for themselves as Luke and his team have been able to crush massive wholesaling, flipping, and investing goals. Luke has made hundreds of thousands on flips, tens of thousands cold calling, and now watches as his cascading cash flow rolls in from his buy and hold investments. He breaks down his four tips to gamify your real estate business so you, and your team, can build wealth together.
In This Episode We Cover:
Why cold calling is such a difficult skill to master and how making it fun will get your more deals
Creating a company culture that outside employees will be envious of
The four ways to gamify your real estate investing so you can enjoy getting more done
Sharing the wins, and losses, with a team so everyone rises together
Incentivizing not only your employees but yourself by building powerful goals
Partnering with those you work with so you can collectively build bigger portfolios
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
5 Cold Calling Techniques That Really Work
No. 1 Most Effective Way to Master the Art of Cold Calling
Which Company Culture Cultivates Competency?
Books Mentioned in the Show:
Top Five Regrets of the Dying by Bronnie Ware
The Monk Who Sold His Ferrari by Robin Sharma
Connect with Luke:
Luke's Instagram
Luke's YouTube
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-659
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Mortgage rates went from being a nap-inducing topic to becoming one of the most talked about, researched, and debated subjects of 2022. After two years of rock-bottom interest rates, homebuyers and investors are getting a rude awakening with some of the biggest mortgage rate hikes in decades, used simply to slow down the economy’s rampant inflation. But where are we headed, and if interest rates go higher, is there a way that the everyday investor can still lock in a low payment?
There’s no better person to ask than US Wholesale Mortgage’s Mat Ishbia. Mat has been running the US’s largest wholesale mortgage company for decades, so he knows the ins and outs of the industry better than anyone else. His company provides some of the lowest payments and fastest closings for residential and investor borrowers around the country. With all this background knowledge, where does Mat think that mortgage rates are headed by the end of 2022?
Mat pulls out his wealth of knowledge to give investors just like you the best glimpse into the future on this month’s BiggerNews episode. Not only that, Mat walks through how every borrower can save a whopping $9,400 on their next mortgage by making one simple move, and why investors should work with a mortgage broker first, not a mortgage lender, when trying to find the best rates, service, and closing dates around.
In This Episode We Cover:
Why working with a mortgage broker gives borrowers better pricing and flexibility
Interest rate predictions as we enter into the second half of 2022
Where to find the cheapest mortgage (regardless of interest rates)
Housing market forecasts and whether or not the recession will hit homebuying
DSCR loans and other investor-only loans that won’t require a W2
How interest rates are calculated by mortgage lenders and what happens behind the scenes
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Find a Lender in Your Area
What’s the Difference Between a Mortgage Banker and a Mortgage Broker?
Ask These 19 Questions to Find the Best Mortgage Lender
Hear About David’s Low Money Down BRRRR Deal
David's BiggerPockets Profile
David's Instagram
Dave's BiggerPockets Profile
Dave's Instagram
Book Mentioned in the Show:
Buy, Rehab, Rent, Refinance, Repeat by David Greene
Connect with Mat:
United Wholesale Mortgage
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-658
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The best way to build wealth isn’t always the most obvious. More people will take the passive road to wealth building, which is usually far slower, and much less efficient than the active path to wealth. The active investor takes time making calculated decisions that would scare almost every average investor. Flipping a house, renovating a rental, or buying a thirteen-unit apartment building may be a little too much for most people, but probably not too much for you.
If you’re looking to fast-track your way to millionaire status, have the passive cash flow to float you in retirement, and live life on your schedule, then real estate investing is probably your chosen asset. The guests of today’s Seeing Greene episode prove this even with their quick questions. In this episode, David will answer questions on which investing strategy is best over the next ten years, whether to invest in stocks vs. real estate, how to start investing with as little as $5K and up to $100K, and how increasing your leverage can slingshot your net worth.
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
The 1031 exchange explained and how to turn one property into many
Single-family vs. multifamily real estate and which will make more in the next decade
Real estate coaching and why it might not be as good of a career as most people think
Stocks vs. real estate and which is better for the investor trying to build wealth now
Paying off debt vs. investing in real estate and how to know which move is right for your specific circumstance
How to start investing with as little as five-thousand dollars (even with no experience!)
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Ask David Your Real Estate Investing Question
BiggerPockets Real Estate Podcast 639 with Matt Argersinger from “The Motley Fool”
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-656
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
A “dead” real estate deal happens more than you’d think. Somewhere along the line, a buyer, seller, agent, or investor gives up. Either there’s not enough money, time, or patience left in the deal to get the property bought or sold. When real estate transactions drag out, you could get caught with months of holding time or thousands in inspection costs, only to have the deal drop out from under your feet. So, how do you revive a dead deal when everyone else has given up? Just ask Tyler and Trevor Sarter.
Tyler and Trevor are based in Detroit, dealing with lots of international investors who want a piece of the cash-flowing pie. They work primarily as wholesalers, but also flip houses, and advise/consult their investors from abroad. They have a “do what you need to do to get the deal done” type mentality, which to no surprise has served them very well in their business. When other investors give up, Tyler and Trevor are waiting in the wings to get the property closed.
As two former basketball players, they understand what working as a team means and how everyone needs to play their part in order to become champions. They’re not as profit-oriented as they are solution-oriented, making sure everything gets done no matter what comes their way. Because of this, they’ve built a successful real estate business, better yet as two brothers.
In This Episode We Cover:
How to find buyers, sellers, and deals as a wholesaler, flipper, and investor
Keeping the deal “alive” and why over-communicating is necessary to start investing
Staying organized and building a fine-tuned machine that will run even when things go wrong
How to prepare yourself as a rookie real estate investor for your first deal
Using real estate to help friends and family deal with tough situations (while you also make a profit!)
Finding the “MVP” of your team and the support roles that will boost that player up
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
The Newbie’s Guide to Wholesaling in 7 Simple Steps
How to Build a Highly Effective Real Estate Team
REIPro
PropStream
Books Mentioned in the Show:
Rich Dad Poor Dadby Robert Kiyosaki
Millionaire Real Estate Investor by Gary Keller
The Millionaire Fastlane by MJ DeMarco
Masteryby Robert Greene
Connect with Tyler & Trevor:
Tyler's BiggerPockets Profile
Trevor's BiggerPockets Profile
Work with Promise Land Realty
Work with Promise Land Realty on Instagram
Work with Promise Land Realty on Twitter
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-656
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Private money lending has become a hot topic over the past few years. With rising equity and asset prices, more lenders have come out of the woodwork, and an equal amount of investors have sprouted up to match the need. But taking on private money isn’t a light decision, although most investors think of it that way. Doing a deal the wrong way could put your reputation in jeopardy and rack up an expensive bill you’ll need to pay back.
Before you accept (or lend) private money, there are a few things you should know. But you don’t have to go through trial and error to figure them out! Back on part four of this private money series is Amy Mahjoory, investor and private money expert. Amy goes into the nitty-gritty of private money, from debating debt vs. equity to the risk of raising capital, protecting your investors, and the type of interest rates you can charge and returns you can expect.
If you haven’t raised or lent private money before, we recommend watching the entirety of this four-part series, as it answers crucial questions that rookies can often overlook. We also follow up with some Q&As from the comment section about how to pay a private money lender back, why coaching is seen as scammy, and the three documents you’ll need to do a private money deal.
In This Episode We Cover:
Raising debt vs. equity for your real estate deal and which one comes with more risk
Building rapport with lenders and never accepting “random” investments
The most common private money red flags for both lenders and investors
The three documents you’ll need to accept a private money loan
Finding “silent partners” who will fund your deal without overriding your decisions
The best investment opportunities of 2022 in multiple different niches
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Amy’s Private Money Resources
BiggerPockets Podcast 636 with Amy Part 1
BiggerPockets Podcast 637 with Amy Part 2
BiggerPockets Podcast 654 with Amy Part 3
BiggerPockets Podcast 649 with Alex Hormozi
Raising Private Money Live Event
Coaching with Amy - PML Excel Course
Amy's E-book
Books Mentioned in the Show:
Lend to Live by Alexandria Breashears & Beth Johnson
Raising Private Capital by Matt Faircloth
Pitch Anything by Oren Klaff
Connect with Amy:
Amy's Website
Amy's LinkedIn
Amy's Instagram: @amymahjoory
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-655
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Finding a private money lender is far less complicated than people think. Striking up a ten-minute conversation could be enough to find your next round of private money. At least that’s how it worked out for Josiah. Josiah is a small business owner, running a pool cleaning business while building up a small portfolio of rental properties. He sees dozens of new faces every day, and those new faces directly translate into new opportunities.
After hearing our past episodes with Amy Mahjoory, Josiah took some of her tips and began pitching his deals to everyone he encountered. Now, he’s got some private money lenders lined up for his new multi-unit, four and a-half acre, short-term rental real estate deal. We told you—raising private money is a lot easier than most people think! But we’re not just talking to Josiah today. We also have Amy back on the show for part three of her private money masterclass.
This time, Amy talks about building the “credibility pieces” that give private money lenders confidence in you, your team, and your deal. These range from presentations to deal reviews, calculators, and more. These private money tools took decades to build and Amy still uses them today! Interested in testing out some of Amy's private money-raising tools? Check out the BiggerPockets Real Estate Podcast show page for links!
In This Episode We Cover:
Josiah’s "pool guy to private money" story and how anyone can find private money in their area
The FACT framework recap and using it to establish a system for finding private money
Building rapport and creating credibility by showcasing yourself, your deals, and your team
The sixteen “credibility pieces” Amy uses every day to engage more private money lenders
How to be prepared when private money lenders ask you specifics about a certain deal
A brief lesson in how to escape a bear “attack” from Rob Abasolo
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Amy’s Private Money Resources
BiggerPockets Podcast 636 with Amy Part 1
BiggerPockets Podcast 637 with Amy Part 2
Books Mentioned in the Show:
Long-Distance Real Estate Investing by David Greene
Lend to Live by Alexandria Breashears & Beth Johnson
Raising Private Capital by Matt Faircloth
Connect with Amy & Josiah:
Amy's Website
Amy's LinkedIn
Amy's Instagram: @amymahjoory
Josiah's Instagram: @josiahhein
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-654
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
You’ve probably seen Flip or Flop before. Even if you’re not a home flipper, it’s hard to not get sucked into the glitz and glamor of watching Tarek El Moussa and his team rip out old fixtures from the 1950s and replace them with brand new, beautifully designed upgrades. Tarek is one of the most recognized home flippers in the world and has inspired thousands of others to start building wealth through real estate. He’s an inspiration to all of us, but how did he get to such a peak point?
Tarek wasn’t a great flipper right out the gate. He electrocuted and burned himself on his first deal, but that wasn’t enough to deter him. Before the great recession, Tarek was living large, making forty-thousand dollars a month in his early twenties. But when the crash came, he had to sell everything and start from scratch. After attending a real estate seminar he caught the flipping bug and realized he needed to invest in real estate full-time.
After a successful first flip, he pitched the idea of Flip or Flop to different television networks, with HGTV finally giving him a chance. He describes the first season of Flip or Flop as working eighteen-hour days, constantly stressing, and forcing himself to build a business, not just a side-hustle. This allowed him to delegate by buying more flips and building wealth faster. Funnily enough, his main piece of advice for flippers isn’t to try and make more money—it’s to start losing it instead.
In This Episode We Cover:
Tarek’s five house flipping tips that anyone can use to successfully start flipping
The single biggest mistake that most flippers (and investors) make
Flipping while filming and how to pitch a TV show as a complete novice
Why finding real estate deals is the most important thing a house flipper can do
Knowing your market and the key metrics to look for when investigating an area
Designing a renovation that will beat out the comps in your neighborhood
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Enroll In the BiggerPockets Bootcamps and Get 10% Off Using Code “BOOTCAMP10”
Do You Make These 7 Deadly House Flipping Mistakes?
Book Mentioned in the Show:
Long-Distance Real Estate Investing by David Greene
The Book on Flipping Houses by J Scott
Connect with Tarek:
Invest with Tarek and His Team
Tarek's Instagram: @therealtarekelmoussa
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-653
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-652
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How does a recession affect real estate investors? With layoffs, high inflation, and affordability problems, can the average American even afford to rent? What about vacation rentals—will short-term rental hosts see occupancy drop as families run out of disposable income? These types of questions can strike fear into rookie real estate investors, but we’ve brought along some veterans to clear up the facts from fiction.
Welcome to another episode of Seeing Greene where David is joined by numerous expert investors to help him answer real estate-related questions. Ashley Kehr, Avery Carl, Craig Curelop, and Matt Faircloth are all on today’s episode to answer questions ranging from recession risk to house hacking income, scaling from small to large multifamily, and more. If you want to dive deeper into any of these niches, be sure to sign up for the BiggerPockets Bootcamps, featuring strategy-specific live lessons for house hackers, short-term rental hosts, multifamily investors, and more.
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
Finding a mentor and how to choose a real estate market as a beginner
Where the short-term rental market is trending and whether or not recession puts it at risk
Renting to family and friends, whether to discount rent, and how to treat them as a tenant
Debt-to-income ratios and how house hacking rent could affect yours
Scaling from small multifamily to large multifamily properties and the differences between the two
Investing in real estate vs. stocks and the risks of selling a rental property
HELOCs vs. cash-out refinances and which is best when buying more real estate
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Enroll In the BiggerPockets Bootcamps and Get 10% Off Using Code “BOOTCAMP10”
No, Life Isn’t Fair—But Here’s How You Can Turn Things Around
Books Mentioned in the Show:
The House Hacking Strategy by Craig Curelop
The Multifamily Millionaire Part 1 by Brandon Turner & Brian Murray
The Multifamily Millionaire Part 2 by Brandon Turner & Brian Murray
Raising Private Capital by Matt Faircloth
Short-Term Rental Long-Term Wealth by Avery Carl
Connect with Ashley, Avery, Craig & Matt:
Ashley's BiggerPockets Profile
Avery's BiggerPockets Profile
Craig's BiggerPockets Profile
Matt's BiggerPockets Profile
Ashley's Instagram: @wealthfromrentals
Avery's Instagram: @theshorttermshop
Craig's Instagram: @thefiguy
Matt's Instagram: @themattfaircloth
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-651
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Should you quit your job? If you’re a new investor, this question can be extremely daunting. W-2s provide security, insurance, and consistent income so you can get approved for loans and lending. But at some point, especially as things take off, holding onto a job could be holding you back. But how do you know whether or not it’s time to quit? Take advice from some veteran quitters, Pat Hiban and Tim Rhode.
You may have heard Pat and Tim on episode 648 of the BiggerPockets Real Estate Podcast, where they lay out their quitter’s journey on how leaving their lines of work made them more money with far less stress. Now, they’re taking live scenarios from BiggerPockets listeners and playing “2 Legit or Quit,” to give their expert insight on whether or not the job is worth the wage.
Pick up Pat and Tim’s newest book, The Quitter’s Manifesto: Quit a Job You Hate for the Work You Love, today!
Link Mentioned in this Episode:
Grab Your Copy of “The Quitter’s Manifesto”
Hear Pat and Tim’s Past Episode
10 Challenges to Seriously Consider BEFORE Quitting Your Day Job
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's BiggerPockets Profile
David's BiggerPockets Profile
David's Instagram
Check the full episode: Why Winners Quit: The 5 Factors to Leaving a Soul-Sucking Job
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
RV park investments are probably not the first thing you think of when somebody says “real estate investing.” You’re probably used to single-family homes, duplexes, apartments, or something that has to do with long-term, residential real estate. What if we told you there was a hidden niche in the real estate investing arena, one with less competition, sky-high revenues, and almost unlimited ways to cash flow.
Heather Blankenship has been in the short-term rental investing niche for more than a decade. It was much different back when she got started. On a coast-to-coast road trip, Heather had the idea to buy an RV park. She had no experience, no money, and knew nothing about hospitality operations. She was, quite surprisingly, able to find and buy a $3.2M RV park, which she’s now upgraded into a $15M property.
Don’t get her story wrong, this is not a “fake it till you make it” type scenario. Heather put in years' worth of long days, longer nights, and enormous effort to make properties just like this one, finally profit. Now, with three kids and a portfolio worth over $30M, Heather has become one of the leading figures in creative short-term rental investing. If you’ve never thought about glamping, camping, or RV park investing, this episode will seriously pique your interest.
In This Episode We Cover
The massive cash flow you can earn from RV parks, campsites, and glamping
How the short-term rental space is softening and what hosts can do to stand out
Ditching the traditional travel sites and why building a direct booking site may be the best move for investors
The dozens of ways you can make money owning an RV park or campsite
Commercial financing, permitting, and everything else you must know before buying a large short-term rental property
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Hear Heather’s Interview on The “Real Estate Rookie” Podcast
Fanboy with Rob over Matthew McConaughey’s Interview
Campgrounds—The Investment You’ve (Probably) Never Thought About
Use the BiggerPockets Tools on Your Next Deal
Books Mentioned in the Show:
The Gap and the Gainby Dan Sullivan
The Ruthless Elimination of Hurryby John Mark Comer
Connect with Heather:
Heather's BiggerPockets Profile
Heather's Instagram
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-650
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Alex Hormozi is quite literally the one hundred-million-dollar man. If you haven’t heard of Alex before, prepare to have your mind blown wide open. He’s the poster child for entrepreneurialism on the internet, founding multiple eight and nine-figure businesses, including his current venture that does over $150M per year in revenue. He’s one of the wisest founders and CEOs out there, not because he does so much, but because he knows when to do less.
One of Alex’s first successes, Gym Launch, proved how repeatable building multi-million dollar businesses can be. He quickly ramped up revenue, grew a team, and began cash-flowing seven figures. But, this was just the beginning. Over the past decade, Alex has advised numerous start-ups and established businesses, blowing revenue and sales figures out of the water by introducing easily-repeatable systems into the mix
There aren’t many people who think like Alex is in his industry, or in any industry, to be fair. But, you don’t need to be just like Alex to use his teachings in real life. In this episode, Alex lays out the scaling system that will make you seven figures before you know it. He also talks about the one investment every entrepreneur should make—one that almost guarantees success, regardless of the field you're in.
Want to learn how to ditch the burnout, make moves that count, and start bringing in millions? Hit play on this episode.
In This Episode We Cover:
Alex Hormozi’s journey from complete rookie to $150M in cash flow
How to scale your business from low revenue to seven-figures and beyond
The “weak link” every entrepreneur should focus on strengthening immediately
Hiring the “stallions” that can run your business better than you’ve ever dreamt
The “prescriptions of activation” that lead to massive success, with far less confusion
Why just being “good enough” can lead to more success than people think
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
The Simplest Way to Successfully Scale Your Business
The Millionaire Formula—10 Steps to Hit 7-Figure Net Worth
How to Succeed at Doing Anything w/David Greene
Books Mentioned in the Show:
$100M Offersby Alex Hormozi
Crushing It in Apartments and Commercial Real Estateby Brian Murray
Connect with Alex:
Work with Alex and Scale Your Business at Acquisition.com
Alex's YouTube
Alex's Instagram
Alex's Twitter
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-649
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Quitting your job is a big decision and it doesn’t always lead to the perfect outcome—at least not immediately. Most people think that you have to be miserable or make very little money to want to quit a job, but even high earners still find themselves struggling to attend their nine-to-fives. Pat Hiban is the perfect example. He quit during his prime even as he was making a high income and after owning his own company. Regardless of all the respect, responsibility, and ability to make phenomenal income, it just wasn't enough for Pat.
You may be feeling the same. Maybe you’re daydreaming about multifamily investing as you sit at work, or picturing the perfect vacation rental property on your commute. Whatever your reason, quitting might be the best move for you to make, but only if it’s the right time. Don’t worry if you’re struggling with decision fatigue, Pat and fellow quitter Tim Rhode just came out with their newest book, The Quitter’s Manifesto: Quit a Job You Hate for the Work You Love.
In it, Pat and Tim give stories and tools that will help you on your path to building wealth while leaving a job that you hate. The resources you’ll find in this book are exactly what our very own David Greene used when deciding to quit his highly lucrative, but mentally draining job as a police officer. If you’ve been sitting on the fence, not knowing the next step to take in your career, this book may be exactly what you need.
In This Episode We Cover:
How to quit your job and start investing in real estate full-time
The five factors of a soul-sucking job and how to evaluate whether or not it’s time to jump ship
Finding the "quitter’s trapeze” that can help you transition from W-2 to self-employed worker
Building your team of quitters who will hold you accountable and take you to the next level of your career
What it looks like when you’re ready to quit and how to emotionally prepare for the impact
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
BiggerPockets Podcast 190 with Pat
BiggerPockets Podcast 353 with Tim
Hear David’s Real Estate Origin Story on The “BiggerPockets Money Podcast”
10 Challenges to Seriously Consider BEFORE Quitting Your Day Job
Books Mentioned in the Show:
6 Steps to 7 Figures by Pat Hiban
The Quitter’s Manifesto by Tim Rhode and Pat Hiban
Connect with Pat & Tim:
Pat's LinkedIn
Pat's BiggerPockets Profile
Tim's Website
Tim's LinkedIn
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-648
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Everyone wants more real estate leads. It doesn’t matter if you’re an agent, investor, flipper, or mortgage broker. The more prospective buyers and sellers, the better. But what happens when you finally get those leads? Maybe you’re cold calling, meeting for coffee, or linking up at the property. What do you say to let leads know that you’re the best agent or investor around and that they can trust you to get the deal done? Juliet Lalouel has a simple, fool-proof answer for you.
Juliet operates out of Hawaii, one of the nation's hottest real estate markets. She’s done everything from working in restaurants to running a bike business in her garage, to even becoming the go-to matchmaker for musicians that want to invest in real estate. She’s worn a lot of hats and even decided to leave one of the top teams in the state to go solo as an investor agent. When she realized all the leads were coming from her own personal network, she decided to make the jump on her own.
Now, she’s actively flipping, buying, and selling homes for not only herself but her investor clients throughout the islands. She’s been able to grow a respectable network, one which many investors dream of having, and she did all of this through tweaking her “tonality.” If you want to hear why this small change led to such big results, be sure to listen all the way to the end of this episode.
In This Episode We Cover:
How to get more real estate leads as an agent, investor, or broker
Why “tonality” is such an important part of your pitch when selling yourself to clients
Building your investor network and gaining the trust of the biggest players in your area
Why every investor or agent should reassess their emotional intelligence (and how to improve it)
The five-second pitch to earn a lead’s trust as soon as they pick up the phone
Why no type of experience is unimportant when it comes to building real estate skills
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Amy Mahjoory’s 4-Second Power Pitch
Books Mentioned in the Show:
SOLD by David Greene
SKILL by David Greene
Pitch Anything by Oren Klaff
Thinking, Fast, and Slow by Daniel Kahneman
Never Spilt the Difference by Chris Voss
48 Laws of Power by Robert Greene
Connect with Juliet:
Juliet's Website
Juliet's Instagram
HeavyRealty's Instagram
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-647
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Every investor has wondered how to invest like Warren Buffett. He’s arguably the best stock trader of all time—preaching the fundamentals of investing in equities, something that most modern-day investors seem to forget. We’re seeing the same thing in the real estate industry. With a runup of home prices and stock prices over the past two years, almost every investing strategy has worked. But, as prices begin to plummet, overconfident investors are starting to see the errors of their ways and that making money isn’t always easy. So in today’s risky environment, we have to ask: what would Warren (Buffett) do?
Someone who’s been asking that question for years is Trey Lockerbie. He’s co-host of We Study Billionaires, where he interviews some of the best and brightest investors on planet earth. Trey has lived an interesting life. He was a musician, went on the road for years, started a kombucha brand, and now reads everything he can on how to build billion-dollar businesses and billion-dollar wealth. With the aura of fear many of us are feeling in the investing space, Trey brings in some much-needed clarity on what investors should and shouldn’t be doing right now. And he got some of this advice directly from top stock investor himself, Warren Buffett.
While we do go deep into the coming opportunities for real estate investors, we also hear about how stock investing isn’t so different, and why the massive drop in cryptocurrency prices could be an opportunity for investors who are on the fence about blockchain. Regardless of what you invest in, how much you invest, or whether or not you’ve started investing, Trey can enlighten you on how to maximize the decision you’re about to make.
In This Episode We Cover:
Secret investing lessons learned at a dinner with Warren Buffett
Understanding the “human” element behind why markets rise and fall
Fear vs. greed and whether or not to buy in an overly pessimistic investing environment
Why Bitcoin is becoming more attractive to real estate investors even as its price drops
Inflation, money printing, and how the world’s debt works
How high will interest rates go and what investors should prepare for
Starting a business that can sell for millions (or billions) and how to get there
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Listen to Our Past Episode with “We Study Billionaires” Host Stig Brodersen
Check Out Our Episode with Ed Mylett on Investing Opportunities in 2022
How I Hired Warren Buffett as My Real Estate Mentor
“We Study Billionaires” Podcast
Connect with Trey:
Trey on Twitter
Drink Some of Trey’s Superb Kombucha
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-646
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Should you borrow money from your family? It could hurt your relationship if the deal goes wrong, but strengthen an existing partnership if everything goes right. Maybe a better question—how should you start raising private capital for your real estate deals? When it comes to the debt vs. equity debate, which makes more sense in your situation? Don’t worry, we’re bringing answers to all these questions and more!
Welcome back to another episode of Seeing Greene, where your host David Greene answers questions from both aspiring and established real estate investors. We’re also joined by Alex Breshears and Beth Johnson, two expert private money lenders and authors of the newest BiggerPockets book, Lend to Live. They help tag-team some private money-specific questions as well as give context on who you should and shouldn’t accept funding from.
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
How to use real estate depreciation to offset income from a W2
Sell, refi, rent, or hold—which is the best move as the market gets shaky?
Whether building a purely passive real estate portfolio is possible or improbable
How to pay back private money and whether taking debt vs. equity partners is the best move
Borrowing money from family and how it could hurt your real estate deals and relationships
Why understanding a lender’s pain points is mandatory before accepting money from them
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
BiggerPockets Podcast 636 with Amy Mahjoory (Part 1)
BiggerPockets Podcast 637 with Amy Mahjoory (Part 2)
Scott Trench’s 10-Step Checklist to Buy Your First Rental Property
Books Mentioned in the Show
Lend to Live by Beth Johnson and Alex Breshears
The Win-Win Wealth Strategy by Tom Wheelwright
Set for Life by Scott Trench
Connect with Beth & Alex:
Alex and Beth Email on Lend2Live
Beth's Email on Flynn Family Lending
Alex' BiggerPockets Profile
Beth's BiggerPockets Profile
Lend2Live
Flynn Family Lending
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-645
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The BRRRR method (buy, rehab, rent, refinance, repeat) is commonly known among real estate investors as one of the fastest ways to build a portfolio of rental properties. The beauty of the BRRRR strategy is that it takes less time and money to get properties to cash flow with baked-in appreciation. But what if you were to ramp up the BRRRR method, so instead of doing a BRRRR every year, you did it 125 times a year. Sounds a little insane, right?
Meet the man behind the madness, Chad Beeman, who has (and this is not an exaggeration) bought and BRRRRed fifty rental properties in the past six months. This is a staggering amount of properties to buy in such a short amount of time. The craziest part? Chad is planning on purchasing another seventy properties over the next six months! So how is he able to buy so many properties, scale so quickly, and do so without losing his balance?
Chad walks through his small team, system, and thought process that helps him stay so successful. He’s had some blunders in the past (like spending $30K rehabbing the wrong house) but has thought of them as “tuition” when investing in real estate. Thanks to these mistakes, he’s been able to grow faster, build more than a million dollars worth of appreciation, and shoot well past financial freedom in his real estate investing journey.
In This Episode We Cover:
Why the BRRRR method is perfect for those who are strapped for cash but want to build wealth
How the current housing market is affecting BRRRR deals and the art of making multiple offers
Becoming an “accidental millionaire” and how real estate wealth grows in the background
Building a small team, learning to outsource, and developing the “Who Not How” mentality
Real estate partnerships and how they can allow you to buy more properties using less money
Why you should always double-check you’re at the right house BEFORE doing a renovation
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Listen to Our Interview with “Who Not How” Author Dan Sullivan
Use the BiggerPockets Calculators to Analyze Your Next Rental Property
Books Mentioned in the Show
BRRRR by David Greene
Who Not How by Dan Sullivan
Connect with Chad:
Chad's Instagram
Chad's LinkedIn
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-644
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
A 3D printed house isn’t all that different from a traditional home—except they are stronger, faster to build, easier to maintain, and cost much less than your average “stick-built” home. These 3D printed homes can be printed in as little as two days, with a crew of only two workers, using much cheaper material than traditional builders use. Does this mean that a wave of ultra-affordable homes is about to hit the market, or is this still just a futuristic theory that may never come to fruition?
We’re back with this month’s BiggerNews, as we dive into the world of 3D printed houses, the future of building costs, and how the housing crisis could be quickly solved with printable and profitable homes. Zachary Mannheimer, CEO of Alquist 3D, is here to share his knowledge on how the construction industry is about to be severely disrupted. To Zachary, 3D printed homes could help millions of Americans who struggle to find housing, as well as make housing affordable for everyday workers.
Zachary’s team designs and builds 3D printed homes, and while it may seem a bit far off to most investors, Zachary thinks we’re only a few short years away from a takeover in how housing is built. With massive cost savings for developers, immediately accessible parts for maintenance, and some of the strongest materials used in construction, 3D printed houses aren’t just a replacement for traditional homes, they’re a complete upgrade.
In This Episode We Cover
How does 3D printing work and the new way to build residential homes
The housing inventory shortage and how 3D printed houses could be the solution
Huge cost savings and how developers could build homes for far cheaper
Comparing 3D printed houses to traditional homes and which will win in the long-run
Whether cheaper homes could help or hurt landlords and real estate investors
Creating jobs, trade schools, and technical programs around 3D printing
And So Much More!
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-642
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Is private money lending the next best way to invest? To the everyday landlord, home flipper, or once-in-a-while investor, private lending seems completely foreign. Why would you lend money when you can put it into your deals? And even if you wanted to, wouldn’t it take millions, or at least a few hundred thousand dollars to get started? Surprisingly, private money lending is available to more people than you think, and it could be your next way to make truly passive income.
Alex Breshears and Beth Johnson were neither millionaires nor active investors when they started lending private money. Over time, they realized that they had grown relationships with active real estate investors, many of which always needed funding for the next deal. While swinging hammers and painting baseboards may sound fun to active BRRRRers or flippers, to Alex and Beth, the passive income that came in from private money lending was even better.
They’re now so ingrained in the world of private money lending that they’ve written the newest BiggerPockets book, Lend to Live, where they talk about how to build “hassle-free passive income” by lending private money. In this episode, they go over how a new investor can start lending, what to look out for in a lender when you need money for deals, and how even with a few thousand dollars, you too can start building truly passive income streams.
In This Episode We Cover:
How any investor can start lending money for a substantial profit
Why private lending has become more popular as investment funding becomes limited
Hard money vs. private money and why you should never confuse the two
What to look for in a private money lender and how to vet them before you invest
Protecting your money as a private lender and what you need to do to secure a return
Where private money lenders can find investors who are looking to invest
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Why Private Money Lending is a Perfect Alternative to Active Investing
The Perks & Process of Becoming a Private Lender
Books Mentioned in the Show
Lend to Live by Beth Johnson and Alex Breshears
Extreme Ownership by Leif Babin
Cashflow Quadrantby Robert Kiyosaki
Psycho-Cybernetics by Maxwell Maltz, M.D
Connect with Beth & Alex:
Alex and Beth Email on Lend2Live
Beth's Email on Flynn Family Lending
Alex' BiggerPockets Profile
Beth's BiggerPockets Profile
Lend2Live
Flynn Family Lending
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-642
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Vacation rentals, real estate agent commissions, brokerage fees, insurance quotes, and everything in between just start to scratch the surface of who Christian Bachelder is. Some of you may have seen Christian before on our YouTube channel where he talks about interest rates, loan products, and other future financing projections. But today, Christian gets to talk about how he not only built a large rental portfolio but did so while running multiple businesses.
Even as full-time workers, many Americans feel like they don’t have enough time in the day to relax, let alone invest. So how does someone with a jam-packed schedule, a lot of pressure, and a mountain of responsibilities find time to not only buy one rental but fifteen rental properties in a year? To Christian, it took a bit of trial and error, but the answer is simply making your time as efficient as humanly possible.
He’s been able to heavily invest, start and run one of the top mortgage brokerages in the country, work as an agent, and provide insurance to clients as well. He drills down into what business owners and investors alike need to do to reclaim their time, and once it’s theirs, use it to the highest and best use. He also drops some financing pro tips that may help you lower the down payment you need or close with a better-than-average interest rate!
In This Episode We Cover:
Turning your referrals into full-blown businesses that can build your wealth
Why investors should always choose brokers, lenders, and agents who invest themselves
The velocity of time and why focusing on “return on time” beats ROI when investing
Creative financing and loan programs that can save you serious cash at closing
Partnering up to not only buy real estate but build businesses faster
How to get three times more work done in the same amount of time
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
BiggerPockets Short-Term Rental Calculator
Work with The One Brokerage on Your Next Loan
Books Mentioned in the Show
SOLD by David Greene
SKILL by David Greene
BRRRR by David Greene
Long-Distance Real Estate Investing by David Greene
Never Split the Differenceby Chris Voss
Connect with Christian:
Christian's Email
Christian's BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-641
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Knowing how to buy your first rental property can be the difference between you building a life of financial freedom or merely treading water working for active income. The life of a real estate investor isn’t glamorous, but it leads to generational wealth, time freedom, and the ability to do what you want, when you want, with who you want. The first step to becoming a real estate investor is buying your first real estate deal. This first step is where ninety-nine percent of people stop, but it’s where you will start.
Dave Meyer, VP of Data and Analytics and host of On The Market, has built a financial freedom-permitting property portfolio over the last decade. He doesn’t have thousands of units, but even with his medium-sized portfolio, he’s been able to travel the world, live abroad, and continuously build wealth. He’s here to teach you exactly how to do the same by buying your first, second, or third real estate deal in the next 365 days!
If you’re able to do so, you will see your life start to change before your eyes. Money will be easier to find, deals will come your way, and passive income streams will be dug in your direction. If you’re able to buy your first (or next) deal like Dave describes, put systems in place for future purchases, and slowly build a team around you, your dream rental property portfolio won’t be too far away.
In This Episode We Cover:
The 3 “Ds” of real estate investing and how to get over their obstacles
Why every smart investor continues to buy even in murky housing markets like today
Building the “LAPS” funnel that will send real estate deals your way
How to analyze a rental property for free using the BiggerPockets rental property calculator
The different types of ways you can buy real estate with no money down
Why the first three real estate deals matter more than most people think
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Listen to Dave on The “On The Market” Podcast: Spotify, Apple Podcast, & BiggerPockets
BiggerPockets Rental Property Calculator
BiggerPockets Rent Estimator
BiggerPockets Agent Finder
BiggerPockets Deals for Sale
Already a Pro Member? Use Code “PRORENTAL” to Get All the Upgrades Mentioned in This Video
Books Mentioned in the Show
Real Estate By The Numbers by Dave Meyer
BRRRR by David Greene
Connect with Dave:
Dave's BiggerPockets Profile
Dave's Instagram
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-640
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
REITs have long been a passive income generator for many who don’t want to deal with the trash, toilets, and tenants that come with rental property investing. No 2 AM phone calls, no listings, no showings, and no sales. With REITs (real estate investment trusts) you simply click a button, buy a share in the company, and wait for your passive income (dividends) to flow into your account. Seems pretty sweet right? Matt Argersinger from The Motley Fool agrees.
Matt isn’t your typical stock investor. He’s owned multiple rental properties and has even house hacked and put in some serious sweat equity. He knows that leverage and forced appreciation are huge wealth builders in the realm of real estate, but still chooses to invest in REITs instead of rentals. Why? Matt is focused more on creating passive income—as in TRULY passive income—no tenant surprises or maintenance calls to make. Matt wants to research, invest, and let his net worth grow, all while still receiving real estate-generated cash flow.
Maybe you’re skeptical. How can passive investing be so easy? If you’re brand new to REITs, Matt does a phenomenal job at explaining what they are, how they work, which types to buy, and what you can do to get started investing today. Regardless of your knowledge of the stock market, if you like income-producing real estate, this episode is for you.
In This Episode We Cover:
What are REITs (real estate investment trusts) and how they work
Why buy REITs instead of rentals, plus the benefits of both
Cheap REITs that are becoming undervalued as the stock market crashes
Mortgage vs. equity REITs and why higher cash flow could mean higher risk
The dangers of day trading and how long investors should hold onto REITs
The key metrics any investor needs to research before investing in a REIT
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Henry's BiggerPockets Profile
Henry's Instagram
Hear David on “Motley Fool Money”
Join the Real Estate Winners and Grow Your REIT Portfolio
Invest in Real Estate Without Leaving Your Computer
Passive Real Estate Investments vs REITs
Data Center REITs Are On Fire—Should You Invest?
Connect with Matt:
Matt's Website
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-638
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Rental property investing is a great way to make cash flow, or so it seemed in the pre-2022 world. Interest rates are rising, home prices have skyrocketed, and rent can’t keep pace with this market. Brian Davila saw this in his portfolio and knew he needed to do something about it. Buying “traditional” rental properties wasn’t going to cut it, especially when the monthly cash flow was a measly few hundred dollars. How many houses would it take to grant him a life of financial freedom?
To most people, Brian Davila looks spoiled for choice. He’s a young guy, doing forty or so flips per year, bringing in big active and passive income checks. If you think that Brian can’t relate to the average investor, you’re wrong. Brain immigrated to the United States at just six years old, dropped out of high school in the ninth grade, and had his first child at nineteen. He was working at Las Vegas day clubs making ten dollars an hour before he decided to become a real estate agent.
After cold calling hundreds of sellers a week, Brian was able to grow his clientele and eventually become a top agent. The only problem? He had no time for his family. He made the switch to start flipping and buying long-term rentals but had to pivot once again to a different strategy that would make him more cash flow even as home prices rise. Brian knows what it takes to become very successful in real estate in a short amount of time, and if Brian can do it, anyone can.
In This Episode We Cover:
How to become a successful agent and why most people shouldn’t get their license
Transitioning from trading your time for money to letting your money give you back time
Brian’s biggest mistake when growing a fast-paced real estate investing business
Flipping forty homes a year and how to get around permitting pain points
Short-term rentals vs. long-term rentals and which will survive in 2022
Lowering your tax bill as a real estate investor and avoiding capital gains
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Real Estate Rookie 113
BiggerPockets Podcast 616
How to Calculate Numbers on a Rental Property
Rob’s Video on The New Airbnb Redesign
Book Mentioned in the Show
SKILLby David Greene
SOLDby David Greene
Flip Your Futureby Ryan Pineda
$100M Offersby Alex Hormozi
Connect with Brian:
Brian's BiggerPockets Profile
Brian's Instagram
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-638
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Most new investors don’t know how to find private money for real estate. They think private money is only reserved for those with a Rolodex full of rich or well-off business people, investors, or relatives. Using this line of thinking, most real estate investors will simply buy a deal, save up for years, and do it again. If you want to get on the fast track to a respectable real estate portfolio—private money is the way to go.
But you don’t have to take our word for it. Amy Mahjoory, private money expert, is back on part two of her financing and funding masterclass. Amy has grown her real estate portfolio quickly, thanks to private money. On just her second deal she was able to pay for a significant portion of the property using her private lender. Now, she urges investors, no matter their experience level, to do the same.
This time, Amy walks through five strategies that any investor can use to connect with private money lenders today. These strategies are simple—so simple that almost anyone can use them and find success quickly. They don’t require lots of money, time, or experience, but you need to be aware of them next time you’re in a perfect situation to make your pitch. Try these five strategies today, and you may see your inbox flooded with private money offers!
In This Episode We Cover
Why raising private money is easy when you’ve built the right systems and strategies
Referrals and why word-of-mouth is one of the most powerful marketing tactics
Connecting with non-real estate-related professionals to raise money
How one small “investment” in attending an event can open you up to dozens of lenders at once
Building an online presence so you’re known, liked, and trusted by a large community
Hosting and attending meetups, no matter the industry or your experience, to find private money
And So Much More!
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-637
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Raising capital for real estate is at some point what every investor must do. When you’re buying your first rental property, you can easily use your cash savings or a conventional loan to close on the property. But, on your second, third, fourth, or one-hundredth deal, finding the money (or financing) to get the deal done may start to get a little difficult. So how do you come up with the money to buy more rental properties, house flips, or commercial real estate, WITHOUT asking your parents, grandma, or friends for cash?
Amy Mahjoory has raised $20M from private money lenders, none of which are related to her (she makes sure of that). Think of Amy as a capital connector, getting to know as many existing, or potential, private money lenders as possible. We know what you’re thinking, “private money lending sounds complicated, don’t only big investors do that?” Think of a private money lender as anyone who has money, isn’t doing much with it, and wants to make more of it.
These lenders could be your taxi driver, your dentist, or maybe a friend of a friend. Private money is all around you, and if financing or cash reserves is what’s stopping you from doing more deals, we urge you to take the four steps that Amy outlines today. There’s a good chance you already know a private money lender!
In This Episode We Cover:
What is private money lending and why it’s so different from traditional financing
Building a reputation that’ll turn a stranger into a trusted lender quickly
The “four-second power pitch” that’ll land you lenders immediately
How to make your lending process legit and the documentation needed to do so
Addressing investor fear and how to make lenders feel confident in you
The key to open, honest, and powerful communication when talking to any potential lender
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
“On The Market” YouTube Channel
David's BiggerPockets Profile
David's Instagram
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Access Brandon Turner’s Free Masterclass
How to Find Private Money Lenders and Finance Your Deals
10 Ways to Build a Reputation as Your Market’s Premier Real Estate Investor
Hard Money vs. Private Money
Books Mentioned in the Show
Raising Private Capital by Matt Faircloth
Rich Dad Poor Dadby Robert Kiyosaki
Connect with Amy:
Amy's Website
Amy's LinkedIn
Amy's Instagram
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-636
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Building a rental property empire isn’t easy. Whether you dream of owning five, ten, or two hundred rental units, there is a way to get there—you just need to know what it is. It took Sam Primm seven years to figure out the smartest way to invest in real estate, and now he’s here to share it with you! Sam, like many people, didn’t hate his nine-to-five job but knew that being on some else's schedule wasn’t bearable for the rest of his life.
Sam partnered up flipping a few houses here, buying a few rental units there, and wholesaling for some extra cash. Three years into his real estate side business, Sam took the leap and went full-time into investing. Since then, he’s been able to buy over $20M in real estate, totaling his portfolio to a whopping $40M. This may seem unachievable to the average real estate investor, but Sam makes it clear that he isn’t special and is just a regular guy buying rentals.
Through his real estate tenure, he’s been able to define exactly what the average investor needs to do to scale their real estate portfolio. His “SCALE” system isn’t complex, but it will help you double, triple, or quadruple the amount of real estate you own in a very short amount of time. Itching to go full-time into investing like Sam did? Tune into this episode, he’ll show you exactly how he did it.
In This Episode We Cover:
What to know BEFORE you quit your job to go full-time into real estate investing
The “SCALE” system that allows you to grow your real estate portfolio faster
The best way to meet private money lenders, investing experts, and future partners
Getting your spouse on board the real estate investing train
Why fear is the most important feeling for new real estate investors
Using social media to grow your network so you can scale faster
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
“On The Market” YouTube Channel
Rob's BiggerPockets Profile
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Henry's Instagram
Henry's BiggerPockets Profile
Book Mentioned in the Show
Rich Dad Poor Dadby Robert Kiyosaki
Tractionby Gino Wickman
Connect with Sam:
Sam's Instagram
Sam's YouTube
Sam's BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-635
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Investing in apartment buildings may seem like a big jump to everyday real estate investors. Mom and pop landlords—used to buying single-family houses or duplexes—may see apartment buildings as far outside their reach. And this, for the most part, has been true over the past two years. With high competition, equally high prices, and syndication deals popping off every other second, regular investors haven’t been able to invest in large multifamily real estate—until now.
Andrew Cushman and Matt Faircloth started as solo-investors like most of us. But, over the past decade, they’ve both grown large multifamily portfolios, and know exactly how hard it's been over the past two years. They’re finally starting to see some cracks in the institutional armor of multifamily, allowing small-time investors to get deals while everyone else is fleeing from high interest rates and an oncoming economic downturn.
If you’ve been waiting to level up your investment portfolio, make big equity gains, and bring in massive passive income, then this is the episode for you. And, if you feel like you’re too new to invest, the BiggerPockets Multifamily Bootcamp, hosted by Matt Faircloth, will give you everything you need to go from onlooker to investor!
In This Episode We Cover:
Multifamily “tailwinds” that are making apartment investing easier in 2022 and 2023
The hidden opportunity of multifamily that most investors don’t pay attention to
How creativity became crucial in the real estate industry and using it to score better deals
Which multifamily properties are safe from an economic downturn and inflation
The seven ways that you can mitigate multifamily risk when investing
How to start building your multifamily strategy today so deals flow to you as competition thins
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
David's BiggerPockets Profile
David's Instagram
Sign Up For the BiggerPockets Multifamily Bootcamp
BiggerPockets Podcast 88
BiggerPockets Podcast 203
BiggerPockets Podcast 289
BiggerPockets Podcast 170
BiggerPockets Podcast 279
BiggerPockets Podcast 586
Vantage Point Acquisitions
DeRosa Group
Invest with David Greene
Books Mentioned in the Show
Raising Private Capital by Matt Faircloth
Connect with Matt and Andrew:
Andrew's BiggerPockets Profile
Matt's BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-634
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Cash flow is necessary when investing in rental properties. Cash flow grants you, the real estate investor, enough leeway to pay for your mortgage and taxes, and save up a healthy safety reserve for future renovations. For new real estate investors, cash flow is probably the single most important metric they look at, but it’s not always a great predictor of a good investment. If you want to truly build wealth, generate passive income, and retire early (or rich), start looking at the metrics David Greene is talking about.
Welcome back to another episode of Seeing Greene. Our cash flow creator, expert agent, and investor with decades of experience, David Greene, is back to answer your most asked questions. In this episode, we’re touching on topics like when to focus less on work and focus more on real estate investing, why low cash flow isn’t always a bad thing, what happens when an appraisal misses the mark, creatively financing home renovations, and how much every investor should have in safety reserves.
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
Why buying real estate in sprints is normal and when to lay off investing
The many metrics outside of cash flow that point to a great rental property
What to do when an appraisal comes back low and how to challenge an appraisal
The different ways to finance a home renovation and which will pave the way for more passive income
How much to keep in safety reserves if you’re buying your first rental property
And So Much More!
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-633
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Multifamily investing is a bit different than other types of residential real estate investing. When the economy begins to shift, and a recession is looming, multifamily real estate tends to drop in price. But, at the same time, more renters need a place to stay, or more importantly, an affordable place to stay, making multifamily apartments their go-to option. If apartment investing has ever interested you before, Jake Stenziano and Gino Barbaro make a strong argument why now may be the perfect time to get into the industry.
If you’re feeling deja vu, don’t worry, Jake and Gino have been on the BiggerPockets Podcast multiple times before. Each time they come on they bring new lessons, new deals, and a lot more units under their belt. Only a decade or so ago, Jake and Gino were busting their humps working at jobs and businesses that didn’t fulfill them. It took them a year and a half to buy their first deal, and now, they’re sitting on $175M worth of multifamily. That’s quite a lot of deals in just a decade.
Jake and Gino drop some gems in this episode, specifically on why 2022 may be a smart time to start investing, how to develop your “buy right” criteria, and preparing your exit strategies so you can build wealth, not just get rich once. They’ve learned a lot of multifamily investing lessons the hard way, so next time you’re presented with a killer deal, you don’t have to double down on their mistakes.
In This Episode We Cover:
Why you DON’T need to raise outside money to tackle big multifamily deals
How to hire the right people and get employees invested in your properties (literally)
The “buy right” framework and three pillars of real estate that every investor must understand
Why exit strategies are the most crucial part of investing and how to define yours
Managing properties the right way and how good property management can make or break a deal
The “conveyor belt” acquisition system that will fly deals your way (even when you’re not working)
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
David's BiggerPockets Profile
Dave's BiggerPockets Profile
David's Instagram
Dave's Instagram
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's BiggerPockets Profile
BiggerPockets Podcast 182
BiggerPockets Podcast 266
Pizza Owner to 1,500 Units
Millionaire Couples
Books Mentioned in the Show
Small Giantsby Bo Burlingham
Scaling Upby Verne Harnish
The 7 Habits of Highly Effective Peopleby Stephen Covey
Connect with Jake and Gino:
Jake’s BiggerPockets Profile
Jake’s LinkedIn
Gino’s Linkedin
Jake and Gino’s Facebook Page
Jake and Gino’s LinkedIn
Jake and Gino’s Website
Jake and Gino’s Podcast
Jake and Gino’s Instagram
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-632
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Everyone wonders how the rich avoid taxes. To most Americans, it seems like there is some big loophole that only the mega-wealthy know about, leaving average workers strapped with a large tax bill. Are the ultra-wealthy cheating the tax code, or are they onto something that everyday Americans simply don’t know about? Tom Wheelwright, author of Tax-Free Wealth and Rich Dad’s (Robert Kiyosaki) CPA is here to tell you how to take advantage of these big tax deductions that mystify small-time investors.
If you’re already investing in real estate, you’ll know that the tax deductions can be plentiful. You get mortgage interest, depreciation, maintenance, and insurance write-offs. But, even bigger than those, are bonus depreciation and cost segregation, which aren’t complicated tax strategies and can help almost any investor reduce their tax bill significantly. So what can an average investor like you do to get started saving on taxes?
Tom walks through the 2022 tax deductions that are decreasing this year, which to take advantage of immediately, how to find the right CPA for you, and which write-offs you may be missing. These tips could reduce your taxes by a significant amount, freeing up much more of your capital for future real estate deals!
In This Episode We Cover:
The disappearing tax deductions that every investor should take advantage of
How the wealthy avoid taxes by buying real estate and getting into debt
Renting vs. buying and which makes more sense in 2022 as affordability plummets
Using cost segregation and bonus depreciation to wipe out your tax bill
How to work with the government, instead of against it, to build wealth faster
The best 2022 real estate tax strategies that small or large real estate investors can implement
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Subscribe to The “On The Market” YouTube Channel
Hear Our Past Interview with Tom on 5 Steps to Eliminate Income Tax
Listen to The Rent vs. Buy Debate on This Week’s Episode of On The Market
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
David's BiggerPockets Profile
Dave's BiggerPockets Profile
David's Instagram
Dave's Instagram
Books Mentioned in the Show
Tax-Free Wealthby Tom Wheelright
The Win Win Wealth Strategyby Tom Wheelright
Connect with Tom:
Tom's Website
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-631
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Look up “how to retire early” online and you’ll see some common prescriptions. You’ll hear investors talk about rental properties and index funds more than other options. This is for good reason since even as real estate investors there are ways we can go beyond the scope of buying rentals to amplify our wealth and set ourselves up for early retirement. This is also the exact question that one of our guests asks on this episode of Seeing Greene.
If you’ve ever wondered what you should do with your rental property profits after you’ve paid all your bills, whether or not to flip homes in 2022’s housing market, or simply how to get less nervous on the phone, then you’re in the right place. David Greene, host of The BiggerPockets Real Estate Podcast, runs through a series of different Q&A style submissions from new investors, experienced investors, real estate agents, and everyone in between.
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
How to estimate rents on a potential income property and which room count brings in the most money
How to find an investor-friendly agent who will give you the local contacts you need
Whether to sell a rental property or keep it and cash-on-cash return vs return on equity
Live in flips and why flipping houses has gotten so much harder in 2022
Turnkey rental companies and whether or not to use one when investing from abroad
How to retire earlier by “amplifying” your rental property’s cash flow
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
David’s YouTube Channel
Ask David Your Real Estate Investing Question
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Estimate Rent Easily with The BiggerPockets Rent Estimator
Find an Investor-Friendly Agent Near You
How to Retire Early (From Someone Who Did at Age 27)
David’s BiggerPockets Profile
David's Instagram
Books Mentioned in the Show
SKILLby David Greene
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-630
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
To real estate investors and real estate investing enthusiasts, Brandon Turner is a household name. Not only has he written one of the most successful real estate investing books ever published (The Book on Rental Property Investing), but he also pioneered the real estate podcasting, social media, and blogging space. Funny to think that only a decade or so ago, this massively successful capital raiser, business founder, and CEO was painting rental properties, just trying to quit his soul-sucking job.
So how did Brandon do this so quickly, and what’s going on in the brain (and under the beard) of one of the most successful real estate investors on the planet? Surprisingly, Brandon doesn’t have some secret formula, world-changing analogy, or crystal ball. He simply did what he said he would do—look for deals consistently, make offers whenever he could, and close so he could move on to the next. If this sounds familiar to your situation, but you’re struggling to find success, you may find that his system is a little bit different from yours.
Brandon gives valuable insight into the “machine-building” he’s doing over at Open Door Capital, how he’s successfully growing his personal brand, and why real estate investing success should never be a surprise. If you’re a new listener to the show, it won’t be long before you realize why Brandon Turner was (and still is) one of the most beloved voices for building wealth.
In This Episode We Cover:
The four levels of entrepreneurialism and how to become the “architect” of your own life
Building a personal brand and finding confidence when creating content
The skills you need to grow a business and become the CEO
The five-point “viral formula” Brandon has used to raise millions of dollars
What it takes to be successful and how to create a machine that will find real estate deals for you
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Subscribe to The “On The Market” YouTube Channel
Hear Our Interview with Jason Drees on Exceeding Your Goals
Should You Quit Your 9-5 Job to Become a Full-Time Real Estate Investor?
10 Challenges to Seriously Consider BEFORE Quitting Your Day Job
David’s BiggerPockets Profile
David's Instagram
David’s YouTube Channel
Ask David Your Real Estate Investing Question
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's BiggerPockets Profile
Grab Brandon's FREE Masterclass
Purchase Brandon Turner’s Best Selling Books
Stay Up-to-Date On Your Favorite Real Estate Podcast
BiggerPockets Podcast 543 with Gino Wickman
BiggerPockets Podcast 584 with Jonathan Greene
BiggerPockets Podcast 264 with Gary Vee
David's Newsletter
Brandon's Newsletter
Invest with Open Door Capital
Books Mentioned in the Show
Tractionby Gino Wickman
Rich Dad Poor Dadby Robert Kiyosaki
The Crisis Comfortby Michael Easter
Long-Distance Real Estate Investingby David Greene
Connect with Brandon
Brandon's BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-629
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Before you quit your job, you’ll need to do a few crucial things. If you haven’t done these yet, but are strongly considering leaving your job soon, Henry Washington and Rob Abasolo may advise you to wait it out a bit longer. Quitting your job is a big decision, especially if your family relies on the income that you’re bringing in. The good news is, that if you’re prepared, you can walk away making much more than you did at your W2. But, if you aren't, you could simply be taking a breather in between jobs, instead of building a life you love and ruling your schedule.
Henry and Rob both have eerily similar quitting stories. They both quit during the same month of the same year, making the same salary all while building a real estate investment portfolio in the background. While Henry is more of a multifamily investing man, Rob has taken the short-term rental route to build his wealth. Both men have left the cushy healthcare-provided and retirement-matching lifestyles to build something much bigger not only for themselves but their families and employees.
If you’ve wondered “when should I quit my job” or “is now the right time to go full-time into real estate investing?” then this episode is a prerequisite for you. Henry and Rob go over the four things you need to know BEFORE you quit, things to be aware of as a full-time entrepreneur, how to handle taxes and healthcare, and some actionable tips for when you’re finally ready to take the plunge into full-time investing.
In This Episode We Cover:
Why quitting a high-paying job is probably worth it in the long-run
Spousal approval when quitting and why it’s mandatory before you start doing your own thing
How much should you have in safety reserves when you quit
The “work-life balance” myth and what a day in the life of an entrepreneur really looks like
Changing how you invest after you say goodbye to consistent income
Mapping out potential scenarios so you know what to expect on the other side of employment
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Subscribe to The “On The Market” YouTube Channel
Hear Our Interview with Jason Drees on Exceeding Your Goals
Should You Quit Your 9-5 Job to Become a Full-Time Real Estate Investor?
10 Challenges to Seriously Consider BEFORE Quitting Your Day Job
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's BiggerPockets Profile
Henry's Instagram
Henry's BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-628
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Everyone has housing market crash predictions. Some media outlets will tell you the sky is falling, real estate is on the edge of a cliff, and the whole world is turning upside down. Meanwhile, investors who made it out alive during the great recession see an oncoming housing correction as an opportunity, not a warning sign. Ever since we saw wild home appreciation in late 2020 and beyond, everyday investors have been asking: when is our time up?
David Greene, real estate investing expert (also agent, author, and podcast host), knows that people will get hurt if an economic crash does happen. But, he also knows that investors who have kept their expenses lean, saved when they could, and taken care of their assets, will probably ride the tide just fine. In this episode of Seeing Greene, David will answer one of the most asked questions: where do we go from here? He’ll also touch on whether or not to give up earnest money in a bad deal, when to replace big systems like an HVAC that is on its last legs, how to calculate ARV, and why adjustable-rate mortgages could spell disaster in 2022.
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
What will happen to real estate if the US economy enters a recession
Whether or not short-term rentals and vacation rentals are at risk
How to calculate ARV (after repair value) and get estimates without breaking the bank
The best exit strategies to have when investing in real estate
How much in emergency reserves should you have when buying a rental
Adjustable-rate mortgages vs. fixed-rate mortgages and which wins in 2022
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
David’s YouTube Channel
Ask David Your Real Estate Investing Question
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Subscribe to The “On The Market” YouTube Channel
Is The Housing Market About to Collapse? What Investors Need to Know
Key Takeaways From the ’08 Recession That Apply Today
The Ultimate Guide to Quickly Estimating a Property’s ARV (After Repair Value)
David’s BiggerPockets Profile
David's Instagram
Dave's BiggerPockets Profile
Dave's Instagram
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-626
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Turnkey rental properties have become a fan favorite for rookie real estate investors and investors who don't have enough time to manage their rehabs and rental properties. Turnkey real estate is marketed as a way for real estate investors to buy a rehabbed property, often with tenants and management in place, leaving them with just rent checks to collect. One company, Rent To Retirement, has become one of the most popular places to find turnkey investment properties—and for a good reason.
Behind the helm is Zach Lemaster, former optometrist, and current real estate investor. After going through eight years of school, Zach was left with six figures in student loan debt and a job that required him to be on-site for the majority of his waking hours. Like most new real estate investors, Zach had hit a breaking point and realized he needed something else that could provide him income, without the time commitment.
After shelling out a large sum on a wholesaling course, Zach began using his assignment fee profits and salary from his job to buy rental properties. Every year he would buy more and more rentals, allowing him to finally scale into what he calls “turnkey commercial” (triple net) properties that give him sizable rent checks without any of the management headaches. Zach has a real estate investing path worth repeating, and he explains how he did all of it in this episode.
In This Episode We Cover:
How to use wholesaling to make extra cash to invest in real estate
The dos and don’ts of long-distance real estate investing (don’t make Zach’s mistake)
When to reinvest rental property profits so you can retire even sooner
The biggest challenges you’ll face when building a real estate portfolio
Turnkey rentals and why they’re a great option for busy investors
The importance of a great property manager and how a bad one can ruin your deals
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
David’s YouTube Channel
Ask David Your Real Estate Investing Question
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Subscribe to The “On The Market” YouTube Channel
David’s BiggerPockets Profile
David's Instagram
Dave's BiggerPockets Profile
Dave's Instagram
Mastering Turnkey Real Estate—How to Build a Passive Portfolio
6 Pros & Cons of Investing in Turnkey Properties
The Perfect Blueprint for Scaling Quickly in Real Estate
Subscribe to The Rent to Retirement YouTube Channel
Rent to Retirement
Books Mentioned in the Show
The Millionaire Real Estate Agentby Gary Keller
The E-Mythby Michael Gerber
Connect with Zach:
Zach's BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-626
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Every investor wants to know how to avoid taxes. Many rental property investors get into real estate for this reason alone. And it makes sense—rental property write-offs are not only common in the world of real estate investing but can be very lucrative in almost eliminating your yearly tax burden. So what happens when you feel like you’ve maxed out your real estate tax benefits? Is there a way to pump out even more tax advantages from the same property?
We’re back again with another Live Takes episode, where our hosts, David Greene and Henry Washington, do their best to answer the BiggerPockets community’s investing inquiries. Joining us are four investors each at different stages of their journeys. These investors ask about how to reduce self-employment tax, finding a mentor when you’re brand new to the investing game, what happens when partners disagree on where and what to invest in, and how to maximize depreciation on a cash-flowing property.
Do you have a question you’d love to ask David? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
How real estate professional status can greatly reduce your tax burden (if you qualify)
Why smart investors look at their income before buying their next property
The most valuable thing a new investor can bring to a mentor
How to know when to pivot investing strategies and the bright side of “shiny object syndrome”
What to do when you and an investing partner can’t reach a compromise
Building and buying depreciation so you can keep more of your cash flow
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
David’s YouTube Channel
Ask David Your Real Estate Investing Question
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Subscribe to The “On The Market” YouTube Channel
David’s BiggerPockets Profile
David's Instagram
Dave's BiggerPockets Profile
Dave's Instagram
Understanding Rental Property Depreciation
9 Simple Steps to Finding the Best Real Estate Mentor for You
Henry's Instagram
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-625
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
You need a 20% down payment to buy a house, right? Most people assume that the standard down payment amount, 20% down, is the acceptable average when buying a rental property or a primary residence. But this isn’t always true, even for real estate investors. Many investors will spend years saving up just a single down payment amount, only to later realize that they could have bought multiple rental properties faster if they would have done less down. So before you put a big chunk of change into your next rental, listen up.
David Greene is back with another episode of Seeing Greene where he takes a multitude of questions from new and small real estate investors. There is an answer for everyone in this episode with topics covering down payment amounts, investing in US real estate while living abroad, new real estate agent tips, how to finance ADUs (accessory dwelling units), and retiring yourself (or your parents) with real estate investing!
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
What type of rental property should you buy as your first real estate deal
How to dominate your market as a brand new agent and meet buyers and sellers
As a foreign investor, how can you get around the 35% down payment requirement
How to finance an ADU to increase cash flow on your rental property
Should you invest with your family if you haven’t done a deal yet?
Buying rental properties without having to save up a 20% down payment
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
David’s YouTube Channel
Ask David Your Real Estate Investing Question
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Get Your Tickets to BPCon2022
BiggerPockets Money Podcast
Work with David’s Team on Your Next Mortgage
David’s Instagram
David’s BiggerPockets Profile
Listen to Our Interview with Dan Brault
Books Mentioned in the Show
SOLD by David Greene
SKILL by David Greene
Finding and Funding Great Dealsby Anson Young
Long-Distance Real Estate Investingby David Greene
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-624
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Multifamily real estate investors almost always raise money for their deals, right? Some would call it almost impossible to try and build a huge real estate portfolio without borrowing money or partnering up to take down bigger properties. Sofia Castro, along with her husband, not only built a multifamily portfolio using their own money, but did so starting with a severe disadvantage.
Both Sofia and her husband were high school dropouts, living without much money, and practically no experience. A local entrepreneur took Sofia and her husband under his wing, teaching them both how to become leasing brokers. From there, they started building their entrepreneurial endeavor, eventually selling their business a couple of decades later for a whopping billion dollars.
With cash in hand and real estate experience under their belt, they began buying apartment complexes to flip them as condos. Once the recession hit, Sofia knew this was the wrong business to be in, so she pivoted heavily towards multifamily rental investing, specifically investing in “core deals”. Now, she has a streamlined process for finding deals, buying deals, and screening tenants. She gives some out-of-the-box, but highly useful tips on tenant screening, property management, and why “value-add” real estate isn’t all it’s chopped up to be.
In This Episode We Cover:
“Core deals” explained and why they often beat value-add properties
What are cap rates and why understanding them is crucial when buying multifamily
Condo conversions and the risk of flipping during downtimes in the economy
Tenant screening tips that will get you the best tenants who pay on time, every month
The right way to do property management and why you shouldn’t immediately outsource
How to buy in the right real estate markets, plus the metrics Sofia looks for when investing
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
David’s YouTube Channel
Ask David Your Real Estate Investing Question
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Subscribe to The “On The Market” YouTube Channel
David’s BiggerPockets Profile
David's Instagram
Dave's BiggerPockets Profile
Dave's Instagram
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's BiggerPockets Profile
Steer Clear of Social Media Scams
Should You Self-Manage Your Properties or Hire a Pro?
The Beginner’s Guide to Buying Your First Multifamily Property
Should You Raise Private Capital for Your Next Investment Project?
Books Mentioned in the Show
ABCs to Real Estate Investing by Ken McElroy
Think and Grow Richby Napoleon Hill
Connect with Sofia
Sofia's Instagram: @officialsofiacastro
Sofia's LinkedIn
Sofia's Facebook
Sofia's Website
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-623
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The secrets to negotiation are often simpler than you think. There’s no double-talk, bribing, or harshness necessary to get what you want. If you know what the other side wants (which you probably do already), you’ll most likely have enough to negotiate successfully. So why aren't most people winning negotiations? Well, when everyone is buying or selling to get the most they can, it’s often the people who create wins for their opponents that come out on top.
David Greene would know this. He’s one of the top real estate agents in the country and is the host of the biggest real estate podcast around (that’s us!). His new book, SKILL: A Top-Producing Agent’s Guide to Earning Unlimited Income, is more than a handbook for real estate agents. This book also details how almost anyone investing in, buying, or selling real estate can win negotiations easily.
David spends time today outlining the seven negotiation tactics he has used in the past to lock down deals for buyers, sellers, and himself. You’ll hear real-world examples of when David and co-host Rob used these tactics in their own investments plus exactly how to formulate each of these tactics so you can ultimately get what you want.
In This Episode We Cover:
Price anchoring and how adjusting a baseline can secure a quick win early in a negotiation
Staying likable, yet stern, in a negotiation so the opponents want you to win
Persuading opponents that your desired outcome is actually in their best interest
Redefining the value you bring and showcasing it in an undeniable way
Building a negotiation scarecrow that becomes the enemy (so you don’t!)
Reigning in FOMO when working with buyers or sellers in a hot housing market
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
David’s YouTube Channel
Ask David Your Real Estate Investing Question
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Subscribe to The “On The Market” YouTube Channel
David’s BiggerPockets Profile
David's Instagram
Dave's BiggerPockets Profile
Dave's Instagram
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's BiggerPockets Profile
3 Not-So-Obvious Secrets to Masterful Real Estate Negotiation
Invest with David
David’s Ted Talk on Building Skills
Books Mentioned in the Show
SOLD by David Greene
SKILLby David Greene
BRRRR by David Greene
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-622
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Paying off your mortgage early—to some people, this sounds like a dream scenario. But to others, it could be a cash-tastrophe. We can already hear real estate investors yelling out “always use leverage”, “what about the low interest rates!?”, and “you can scale so much quicker!” Like many real estate investors, David Greene knows the power of leverage and loans to buy rental properties faster. But, it’s safe to say that for some people, paying off a property or buying a home in cash may be a much smarter move.
Welcome back to another episode of Seeing Greene where David answers questions directly from BiggerPockets listeners and viewers on YouTube. This time around, we have some seriously useful questions being answered for the new investor. These questions range from when to take out a loan and when to pay off a property, how to get started in real estate in your early twenties, how to build more cash flow as your expenses increase, how to get a HELOC on your rental property, and how to raise money for a down payment. All these questions (and more) are coming up!
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
Weighing the pros and cons of leverage when investing in real estate
How to start investing in real estate without a ton of money or experience
Why it’s so difficult to get HELOCs (home equity lines of credit) on rental properties
Real estate bookkeeping and how to keep all your accounts up to date
How to finance your down payments so you can buy rental properties faster
Getting preapproved for a mortgage even if you have a 1099 income
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
David’s YouTube Channel
Ask David Your Real Estate Investing Question
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Get Your Tickets to BPCon2022
BiggerPockets Money Podcast
Work with David’s Team on Your Next Mortgage
David’s Instagram
David’s BiggerPockets Profile
Book Mentioned in the Show
SOLD by David Greene
SKILL by David Greene
The House Hacking Strategy by Craig Curelop
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-621
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Ed Mylett knows the housing market. He’s participated in real estate investing for decades and has become wildly successful thanks to his tenacity, relationship-building skills, and creativity when getting deals done. But, funnily enough, Ed Mylett isn’t most well known for his real estate investor prowess—he’s known for his mindset-shifting, world-changing ideas when it comes to personal development, discipline, and entrepreneurship.
In Ed’s newest book, The Power of One More, he talks about the small tweak that anyone can make to become many multiples more successful. In essence, every extra push-up, cold call, and hug to your spouse or child is the exact thing that puts you above the rest. It’s not about putting in the effort, it’s about putting in more effort than the average person would. This not only applies heavily to real estate investing but to any goal we set.
David and Rob get the opportunity to talk to Ed about his book as well as his sentiment towards today’s housing market and what deals he’s doing in the background. You may be surprised to hear it, but Ed is incredibly bullish on real estate investing for a few good reasons. He gives a simple yet incredibly practical explanation for why this year is surprisingly the best time to get into real estate investing in a long time.
In This Episode We Cover:
How the power of “one more” can change everything about your life
Why committing to your standards is arguably more important than goal setting
How collective psychology is driving the market to new places (and how to escape its grasp!)
Why investors must start “evaluating their income streams” instead of just their properties
The “most crazy deal” Ed has ever done and why it’ll be a first of its kind
Building the confidence you need to accomplish your dreams and create a life you love
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
David’s YouTube Channel
Ask David Your Real Estate Investing Question
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Subscribe to The “On The Market” YouTube Channel
Check Out the “On The Market” Interview with J Scott
6 Things You’ll Need When Getting Into DIY Landlording
Start Landlording Smarter with Avail
David’s BiggerPockets Profile
David's Instagram
Dave's BiggerPockets Profile
Dave's Instagram
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's BiggerPockets Profile
BiggerPockets Podcast 433
BiggerPockets Podcast 600
The World’s Least-Followed Investment Advice (& How it Can Make You a Millionaire)
6 Empowering Strategies to Conquer a Paralyzing Fear of Failure
Books Mentioned in the Show
The Power of One More by Ed Mylett
Nothing Down by Robert Allen
Connect with Ed:
Ed's YouTube
Ed's Instagram @edmylett
Ed's Podcast
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-620
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What do DIY landlording and inflation have to do with each other? Surprisingly, much more than you would think. As the year progresses and the housing market stays hot, more real estate investors are having trouble finding cash-flowing deals. At the same time, the tenants in those properties are seeing the price of their gas, groceries, and rent shoot up. Are tenants going to be left with enough money to pay rent every month? And if not, what will everyday landlords do to keep their properties?
These questions are best left to someone who not only has experience owning and managing rental properties but helping others do the same. Laurence Jankelow, co-founder of Avail, one of the leading property management software picks, is here to talk about the future of the DIY landlord, especially in 2022. Laurence has seen the trends on who’s increasing rent, who’s not, and how many cash-flowing deals are on the table.
Laurence, David, and Dave all take time to debate what the next year will look like for landlords and renters alike. If there is a recession around the corner, how can investors keep themselves in a strong position? What is the first expense new landlords should cut if their cash flow starts to dwindle? And what real estate trends are we seeing in today’s market that you can get ahead of? All these questions (and more) are answered in this month’s BiggerNews episode!
In This Episode We Cover:
Are we heading towards a recession, and if so, how do we prepare?
How software like Avail has made “DIY Landlording” the standard for new investors
The biggest challenges investors will face in 2022 and how to combat them
How would a recession affect the housing market (even as demand is high)
The best money-saving tips for DIY landlords and real estate investors
Inflation’s effect on asset prices and pivoting in your investing strategy
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
David’s YouTube Channel
Ask David Your Real Estate Investing Question
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Subscribe to The “On The Market” YouTube Channel
Check Out the “On The Market” Interview with J Scott
6 Things You’ll Need When Getting Into DIY Landlording
Start Landlording Smarter with Avail
David’s BiggerPockets Profile
David's Instagram
Dave's BiggerPockets Profile
Dave's Instagram
Books Mentioned in the Show
Rich Dad Poor Dadby Robert Kiyosaki
Connect with Laurence:
Email: laurence.jankelow@realtor.com
Laurence's BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-619
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Property management is a crucial part of your real estate investing business. They make repairs, take tenant calls, and most importantly, collect rent. But what happens when your property manager stops contacting you, forgets to send signed leases, and doesn’t send you your rent checks? When is it time to start worrying and how do you go about asking a property manager for your money back?
Welcome back to Seeing Greene, where your expert investor, agent, lender, and podcast host, David Greene, answers some of the most commonly asked real estate investing questions. In this episode, we take both video and written submissions and throw them at Dave to get his time-tested take. You’ll hear questions like, whether to pursue a business or buy rental properties, when to sell an investment property to reinvest profits, how to look for joint venture partners, and what to do when you’re concerned about your property manager’s performance.
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
When to start a business or buy a rental property (and how to do both)
Why ROE (return on equity) beats ROI (return on investment) in 2022
What to ask a potential partner to see if they’re a good fit for a joint venture deal
How to score lower interest rates on mortgages as a self-employed investor
When and which rental property repairs to prioritize after a home inspection
What to do when you suspect a property manager may be skimming off the top
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
David’s YouTube Channel
Ask David Your Real Estate Investing Question
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Get Your Tickets to BPCon2022
Stay Tuned for Our Upcoming Episode with Ed Mylett
Attend a David Greene Meetup
5 Red Flags to Watch For When Hiring a Property Manager
Book Mentioned in the Show
Long-Distance Real Estate Investing by David Greene
Connect with David:
David’s Instagram
David’s BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-618
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Single-family rentals are where most real estate investors start. In one way or another, a new investor realizes that there is more to life than just their job. They save up, get educated, and buy their first rental property. Those who do well repeat the process, slowly growing their portfolio to double-digit numbers. But, at a certain point, they realize they can’t go any further with the system they’ve set up for themselves. What should they do?
Rich Fettke, co-founder of Real Wealth, and author of The Wise Investor, fell into real estate accidentally. Over the years he’s had to fine-tune his system, scale his team, and learn how to become not only a successful investor but a successful leader. Now, he runs one of the premier real estate investing websites on the internet, manages three syndications per year, and still individually invests in rental properties.
Thanks to his track record of more than two decades, he knows what does and doesn’t work when trying to scale your real estate portfolio. Most importantly, Rich knows who to hire onto your team so you can continue to build wealth, without having to do all the work yourself.
In This Episode We Cover:
Where new investors should look to purchase their first investment property
How to scale from single-family rental properties to syndication deals
Why most investors “trap” themselves without a scalable team
Turning challenges into adventure and shutting down the “inner gremlin”
Asking yourself, “what pisses me off?” when defining your company’s core values
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
David’s YouTube Channel
Ask David Your Real Estate Investing Question
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Real Wealth Network
The Simplest Way to Successfully Scale Your Business
Syndications—Everything You Need to Know BEFORE You Invest
Books Mentioned in the Show
Think Again by Adam Grant
The Book on Rental Property Investing by Brandon Turner
The Wise Investor by Rich Fettke
BE 2.0 (Beyond Entrepreneurship 2.0) by Jim Collins
Connect with David:
David’s Instagram
David’s BiggerPockets Profile
Connect with Rob:
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's BiggerPockets Profile
Connect with Rich:
Follow Rich on Instagram
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-617
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
If you’ve heard of digital real estate, there’s a good chance you’ve watched one of Ryan Pineda’s videos. Ryan is a leading figure in the world of real estate investing not only in the Las Vegas, Nevada area but throughout the interwebs. He got started flipping homes and eventually scaled his business up to 100 flips per year! Since then he’s branched off into multiple different real estate-related business ventures, but his newest one may be the most revolutionary.
During the lockdowns of 2020, Ryan began to research blockchain, cryptocurrency, and decentralized finance. He saw the way that the world was moving and realized it would only be a short amount of time until real estate transactions were regularly done on the blockchain. This dip into DeFi piqued his interest, so he began researching, investing, and putting more of his time into virtual and digital real estate research.
Ryan makes a strong case as to why most real estate services will move over to a blockchain model, and those that don’t will be left in the dust. Most of what Ryan preaches isn’t just speculation—it’s happening right now in the real world. If you want to get ahead of the curve, or just finally understand what an NFT is, Ryan is the guy to listen to.
In This Episode We Cover:
Starting businesses that help scale and optimize your rental property portfolio
How blockchain could end the title company industry and what investors need to know
Raising private capital and selling properties with decentralized finance
NFTs and using them to split shares/ownership in a real estate syndication
Combining digital and physical real estate investments for maximum diversification
What a blockchain beginner can do to get their start in the virtual investing world
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
David’s YouTube Channel
Ask David Your Real Estate Investing Question
Listen to All Your Favorite BiggerPockets Podcasts in One Place
BiggerPockets Real Estate Podcast 292
BiggerPockets Real Estate Podcast 407
What Are NFTs and Why Should Real Estate Investors Care?
Watch Our Video on Investing in Virtual Real Estate
Connect with David:
David’s Instagram
David’s BiggerPockets Profile
Connect with Rob:
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's BiggerPockets Profile
Connect with Ryan:
Ryan's Website
Ryan’s “Tykes” Project
Subscribe to Ryan’s YouTube Channel
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-616
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Rental properties come in all shapes and sizes. You may be investing inshort-term rentals, long-term rentals, glamping sites, or, maybe you’re trying to help someone else buy a rental property. Regardless of where you choose to hang your hat on the real estate investing spectrum, David Greene probably has a golden nugget of advice for your next purchase, sale, or client.
In this week’s episode of Seeing Greene, David takes questions from investors, agents, wholesalers, and more to help answer some of the most common real estate inquiries. You’ll hear topics such as: whether or not a special use permit will increase property value, when to sell and when to refi a rental property, whether or not each separate short-term rental needs its own LLC, and why David stopped looking for under-market properties and started looking at something else entirely.
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, orfollow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover
When to hold a property at a great interest rate and when to sell or refi
What it means to “ethically wholesale” and getting deals while helping a seller
Lot splitting and the implications it could have on your taxes, insurance, and equity
How to succeed in a new market as a real estate agent and dropping “hooks” whenever you can
When to put your property in an LLC and whether or not each rental requires its own
Whether or not landlords are making the housing market unaffordable for average homebuyers
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
David’s YouTube Channel
Ask David Your Real Estate Investing Question
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Listen to Our “Ethical Wholesaling” Episode with Jamil Damji
Books Mentioned in the Show:
Buy, Rehab, Rent, Refinance, Repeat by David Greene
Long-Distance Real Estate Investing by David Greene
Sold by David Greene
Skill by David Greene
Connect with David:
David’s Instagram
David’s BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-615
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Knowing how to buy a business is a lot like knowing how to buy a rental property. First, you’ll need to know the price of the asset, then the cash flow, followed by expenses, and finally the structure. Because buying real estate is perceived as “simpler” than buying a business, most investors decide to go the real estate route—but they could be missing out. Codie Sanchez saw this opportunity when she was working in venture capital and decided to try out the business buying route herself, just on a smaller scale.
Codie can be perceived as your classic “value-add” investor, which much of the real estate investing community can relate to. She finds a business that has a strong foundation but lacks the tech or marketing to grow faster or increase its profits. When a business has a strong underlying value, just like a rental property, it’s easier than most people think to “renovate” it into something that will sell for far higher.
Codie stresses that buying businesses isn’t so different from buying real estate. She also categorizes which businesses real estate investors should buy if they’re looking to maximize their cash flow and minimize their expenses. With some help from Codie, you could be relying on much more than just rent checks soon!
In This Episode We Cover
What a “value-add business” looks like and how to find undervalued businesses
Evaluating and analyzing a business purchase and which key metrics to calculate before making an offer
Buying off-market businesses and why most business owners never consider selling (until you ask)
The three questions every investor MUST ask before buying a business
Buying instead of building and how trying to build a business can cost you much more than just money
Becoming the business owner, not the operator, and outsourcing everything you can
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
David’s YouTube Channel
Hear Codie’s Interview on The BiggerPockets Business Podcast
How to Use the DISC Profile to Communicate Effectively in Business
“Contrarian Thinking” Newsletter
Quiet Light
BizBuySell
Empire Flippers
Connect with David:
David’s Instagram
David’s BiggerPockets Profile
Connect with Rob:
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's BiggerPockets Profile
Connect with Codie:
Codie's Twitter
Codie's Instagram
Codie's TikTok
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-614
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Buying an investment property is a lot like exercising. At first, you don’t know any of the verbiage, then you start learning the tools, and finally, after some repetition (and help from those around you), you can become a real estate (or jiu-jitsu/weight lifting/yoga) expert! Think of David Greene and Rob Abasolo as your spotters for today’s deep dive into buying a rental property. Their advice will help you lift the weight, even if you feel uneasy at times!
David and Rob, unsurprisingly, started out like everyone else in thereal estate investing space. They had no deals, no experience, and not a lot of money. But, over the past decade, both have become experts in their specific investing niches—through trial and a lot of error. Now, they bring you more than a decade worth of combined experience so you can stop hesitating and start taking action.
If 2022 is the year for you to start building wealth and pave your path to financial freedom, then this is THE episode to listen to. David and Rob discuss the five most common rookie real estate mistakes and six bite-sized steps that will allow you, no matter your experience, to buy your first, or next, real estate deal. They’ll also give a full walkthrough on how to analyze a real estate deal, plus a special bonus that will allow you to hyper-accelerate your growth in the real estate investing world!
In This Episode We Cover
The two biggest hurdles that stop people from ever investing in real estate
The wealth-building “pillars” that all investors must know before they start investing
Five common mistakes that almost every real estate rookie will face
Why new investors should “commit” before they start educating themselves
Using your network around you to find real estate leads, financing, and contractors
How to analyze a deal for free using the BiggerPockets Rental Calculator
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Invest in David and Rob’s Next Property
David’s YouTube Channel
Grab Your Tickets for BPCon 2022
Get a Special Discount on BiggerPockets Pro Using Code “REPOD22“
BiggerPockets Calculator
Find an Investor-Friendly Agent in Your Area
Hear Our Episode with Rent By the Room Expert Todd Baldwin
Watch David’s Interview with CNN on Rising Interest Rates
Work with David’s Team at The One Brokerage on Your Next Home Loan
Connect with David:
David’s Instagram
David’s BiggerPockets Profile
Connect with Rob:
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-613
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Cash flow and appreciation are at opposite ends of the investing spectrum. One will fuel your current lifestyle while the other will slowly, silently build your long-term wealth. The cash flow vs. appreciation debate has gotten even stronger this year as home prices continue to rise and cash flow prospects dwindle in formerly stable markets. Is there a way to still get the benefits of long-term growth while also taking home a sizeable rent check?
If there’s one man to ask, it’s your host, David Greene, who’s joining us for another episode of Seeing Greene. David knows a thing or two about buying for different purposes, in different market conditions, with different exit strategies. He’s not only asked about how to do this on today’s episode, he’s also asked questions like who should be on the mortgage when buying a rental with a partner, whether to sell or refi a rental, what to do when your DTI (debt-to-income) ratio is too high, dealing with difficult sellers, and how to get comfortable with being uncomfortable.
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, orfollow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover
How to split title and mortgage costs when investing with a spouse or partner
Whether to focus on one market or several markets with different benefits in each
When to sell or refi a rental property (especially if interest rates are rising)
How to purchase your next primary residence AFTER you’ve quit your W2 for real estate
Dealing with difficult sellers and how to “convince” them to accept your offer
Why being uncomfortable when investing is a sure sign of growth
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
David’s YouTube Channel
Grab Your Tickets for BPCon 2022
BiggerPockets Money Podcast
Real Estate Rookie Podcast
Ask David Your Real Estate Investing Question
How to Use a HELOC to Buy Real Estate
How to Embrace the Uncertainty of Change & Make Your First Deal
Cash Flow vs. Appreciation—What Experienced Investors Know That You Don’t
Work with The One Brokerage For Your Next Mortgage
Books Mentioned in the Show:
Long-Distance Real Estate Investing by David Greene
Connect with David:
David’s Instagram
David’s BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-612
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
House flippingis a very potent form of investing. After just one fix and flip, many investors find themselves hooked, leaving their stable jobs for the profit (and rush) or finishing another flip. This happened quickly to Jason Pritchard, flipper and rental property investor in central California. Jason was working at a sales job he hated and after watching one of the many famous HGTV flipping shows, thought, “Hey, I could do that!”
He gave it a try, using his life savings and retirement funds available to him. It was a success, so he decided to scale up. One flip grew to a few, and now, Jason's team does over seventy-five flips and wholesale deals per year! This incredible volume didn’t happen overnight—it took Jason seven years to go from W2 worker to one of the best flippers in the state! And it’s not just flipping Jason is after. He’s been able to grow a massive rental property portfolio, some eighty-three units, at the same time!
You’re probably wondering how Jason did this so fast. Worry not, as he details every step from how he finds leads, builds a team, pays the taxman, and even compensates employees. If you’re trying to get your foot into the flipping door, Jason’s story should inspire you to do almost exactly what he did.
In This Episode We Cover
Using the skills from your job and translating them to make real estate riches
Building a business and the most important step most flippers/wholesalers skip
Funding your flips and why paying taxes might be a good thing when it comes to financing
How to find employees that will grow with your business, even if you feel like you “can’t” hire just yet
Private money lenders and using them to scale your business even bigger
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Invest in David and Rob’s Next Property
David’s YouTube Channel
Grab Your Tickets for BPCon 2022
BiggerPockets Money Podcast
Real Estate Rookie Podcast
Airbnb
How to Flip a House & Make a Profit
How to Build a Highly Effective Real Estate Team
How I Find Private Money Lenders to 100% Fund My Deals
Books Mentioned in the Show:
The Go-Giverby Bob BUrg
Think and Grow Rich by Napoleon Hill
Connect with David:
David’s Instagram
David’s BiggerPockets Profile
Connect with Rob:
Rob's Youtube
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's BiggerPockets Profile
Connect with Jason:
Jason's Instagram
Jason's Facebook
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-611
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Building a house vs. buying a house—which makes more sense for today’s investor? With home prices rising faster than many of us have ever seen before, more and more real estate investors are asking whether or not building their rentals is a smarter idea. And who can blame them? Building a rental property can seem like a great way to minimize acquisition costs, but this is only true in certain circumstances, which many investors just won’t fit into.
Welcome to Live Takes where Henry Washington, investor and On The Marketguest host, joins David Greene for a live real estate Q&A. David and Henry invite four investors onto the show today to talk about each of their passive income predicaments. These topics include buying vs. building a home, how to get out of a bad BRRRR, whether or not it’s too late in life to invest in real estate, and how to invest out-of-country.
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene or Live Takes. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover
Buying vs. building rental properties and which decision makes sense for which investor
What to do when you go over budget on a rehab, flip, or BRRRR investment
How to invest and scale a real estate portfolio when getting started later in life
Whether to invest long-distance or stick it out in your local market
Mitigating riskand keeping your cash flow rolling when stuck in a bad deal
How to finance land purchases and using a backwards BRRRR method to do so
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Grab Your Tickets for BPCon 2022
BiggerPockets Money Podcast
Real Estate Rookie Podcast
5 Ways to Avoid Going Over Your Flipping Budget
Is it Better to Build New or Renovate Existing Homes as an Investor?
David Greene | BiggerPockets
David Greene Meetups
David Greene Team
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-610
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Why can’t I use gift funds on my down payment? What are the common housing market crash indicators that real estate investors should look out for? And why does David only invest with the short-term rental king, Rob Abasolo? If you’re joining us today for this episode of Seeing Greene, you’ll hear answers to all these questions and more!
David takes some time out of his day to sit down and answer arguably the most hard-hitting, specific questions we’ve had to date on an episode of Seeing Greene. These questions include how to find synergy between your career and your investing goals, how to not cross the line when working with multiple agents, the best ways to purchase real estate with no (or low) money down, and why David rarely partners up on real estate deals.
Some of these questions may hit home for you, as most of today’s guests are either rookie real estate investors or young professionals looking to get their start in investing.
Do you have a question you’d love to ask David? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can jump on a live Q&A and get your question answered on the spot!
In This Episode We Cover
How to "explode" as a real estate investor working full-time in a related field
Working with multiple agents in a market without crossing the client-exclusivity line
Purchasing small multifamily deals with no and low money down
How to get around the “gift funds” rule for rental property mortgages
The telltale signs that lenders are seeing a housing crash on the horizon
The problem with real estate partnerships and how to prepare to be in one
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Submit Your Questions to David Greene
David Greene Meetups
David Greene Team
David on BiggerPockets
Work with David as a Loan Officer
Real Estate Rookie Podcast 73: Partnerships—What to Do Before You Jump in With Another Investor
Get Your Ticket for BPCon 2022
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-609
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The Profit First system was revolutionary when introduced by Mike Michalowicz. In simple terms, Profit First allowed small business owners to take home bigger paychecks, reinvest in their business, and scale with ease, oftentimes while doing even less. The age-old adage of “do more work, make more money” was turned on its head by simple accounting practices. In reality, the business owners who were doing the most work were making the least, while business owners who truly knew their numbers worked less, made more, and had more money to invest.
After reading Profit First, David Richter knew that this same system could be applied to real estate investing. David grew a rental portfolio himself by learning from a local mentor. This mentor had a growing team, a scaling business, but was making less and less with every deal done. As David investigated more real estate investors’ businesses, he found that this wasn’t an isolated case. Most investors were making low wages, working far more than at the jobs they had quit, and had inflated businesses, to say the least.
With some simple accounting practices, which David describes in this episode, real estate investors can turn their business into Profit First powerhouses using very simple steps. If you’ve been feeling burnout from a barrage of deals, but aren’t seeing the profit you’ve worked so hard for, you’ll want to pick up David’s new book, Profit First for Real Estate Investing!
In This Episode We Cover
The Profit First formula and why most real estate investors calculate profit all wrong
The biggest mistake that real estate rookies make when starting their businesses
Why more deals doesn’t automatically equal more money in real estate
The rockstar team member that can make or break your business
The “golden trio” of accounts that every investor should have set up
Redefining the “pay yourself first” method of making money
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Grab Your Tickets for BPCon 2022
Invest in David and Rob’s Next Property
David’s YouTube Channel
David’s Free Giveaway for BiggerPockets Listeners
Our Interview with “Profit First” Author, Mike Michalowicz
David Greene | BiggerPockets
David Greene Meetups
David Greene Team
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-608
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Is multifamily real estate investing as complicated as investors make it out to be? If you’re Andrew Cushman of Vantage Point Acquisitions, you’d probably argue that although multifamily has a bit more complexity than single-family rentals, it’s still, by all means, profitable for the everyday investor.
In the early 2000s, Andrew didn’t know anything about pro formas, apartment underwriting, or the best type of mulch to use on large-scale landscaping. Now, more than a decade later, Andrew has been able to lead his team in acquiring, syndicating, and repositioning over 2,500 multifamily units. He’s here with David Greene to answer live questions surrounding anything and everything related to multifamily investing. He gives stellar takes on the current state of the market, how rising interest rates will affect multifamily investing over the next few years, and the best way to increase your ROI (return on investment) on a multifamily acquisition.
You don’t need to be a large-scale apartment investor to take away some golden nuggets from this episode. Even if you’ve never thought of investing in multifamily, Andrew frames multifamily in a way that’ll have you wondering, “could I buy that apartment down the street?”
In This Episode We Cover
The five most important factors to understand when looking at a multifamily deal
Multifamily debt and equity, plus how they dramatically differ from single family rentals
How to use pro forma calculations when underwriting a deal and protecting yourself from overinflated profit numbers
Whether or not today’s rising interest rates will cause a sell-off of multifamily properties
The easiest improvements that will dramatically boost your ROI on a multifamily property
What rookie investors get wrong about finding good deals in today’s market
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Submit Your Questions to David Greene
Vantage Point Acquisitions
Invest with David Greene
The 3 Cs to Achieving Success as an Investor
GoBundance
BiggerPockets Podcast 170: The Journey From Flipping Houses To Owning 1470 Units
BiggerPockets Podcast 279: How to Find Overlooked Opportunities in a Hot Market
BiggerPockets Podcast 586: The 8 Steps That Will Stop You From Getting Burnt on Multifamily Deals
BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Deal
David Greene | BiggerPockets
David Greene Meetups
David Greene Team
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-607
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
If you’re looking to buy rental properties, build a real estate portfolio, and level up your wealth?—you’re in the right place. But, as the housing market stays red hot, it can be a struggle for both new and old investors to know where to look for their next cash flow or appreciation play. Do you stick with on-market properties that may be easier to come by but with serious competition, or do you go the off-market property route and look for distressed, yet overlooked properties.
Get answers to this question (and many more) on this episode of Seeing Greene, with your host, David Greene. As always, David takes questions from you, the listeners, to answer some 2022-specific and age-old questions about rental property investing and real estate as a whole. Topics of today’s show include classics like buying new construction vs. an existing rental property, how to invest within your retirement accounts, on-market deals vs. off-market deals, and why certain properties stay on the MLS for so long.
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
Buying for appreciation vs. cash flow in today’s fiercely competitive housing market
How to invest in real estate even if you’re well into retirement
The three main reasons that a property will sit on the MLS for months
When to quit your job and go full-time into real estate investing (and how to set yourself up for a successful departure)
The 1031 exchange and how it works to defer taxes for rental property investors
Using built-up equity to invest in more cash flow and higher appreciation
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Submit Your Questions to David Greene
BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks
BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors
Seeing Greene: Questions from BiggerPockets’ Best and Brightest (Episode 600!)
Seeing Greene: Should You Pay Off Debt or Invest in Real Estate?
Seeing Greene: FHA Loans, Cash Flow Shrinkage, & Bidding $200k Over Asking
10 Actionable Steps Anyone Can Follow to Buy a Rental Property
David Greene Meetups
David Greene Team
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-606
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How many rental units do you want? Depending on who you ask, the number of rental properties can differ dramatically. A young investor may be looking to scale their portfolio quickly, eyeing ten, fifteen, or even one-hundred units. But, for a veteran real estate investor, who may already have a three or four-figure portfolio, the optimal rental unit count could be none at all—they may purely want passive income.
Christian Osgood knows this all too well, and it’s how he’s grown a seventy-one-unit portfolio in such a short amount of time. As half of a dynamic investing duo, Christian and his partner Cody Davis know that the first place to look for a deal is within someone’s goals. Unlike most off-market deal hunters, Christian and Cody don’t blatantly ask a seller if they’re willing to part ways with their property. They do something much different and a bit unorthodox.
Christian and Cody have grown a massive multifamily portfolio in an impressive amount of time. Christian walks through the reasons why this partnership works, how they divvy up their roles, and why new investors should learn to love new problems, not cower in fear over potential pit-stops on their wealth-building journey.
In This Episode We Cover
The “fish hauling and shipbuilding” of a perfect real estate partnership
Why entrepreneurs and investors alike should search out new problems to solve
Financing large deals using OPM (other people’s money) and raising capital the right way
How to find any off-market property owner simply by using Google Maps
The biggest mistake you can make when raising money from private investors
Relationship marketing and how it can open you up to phenomenal real estate deals
And So Much More!
Links from the show
81 Units in 3 Years: All On-Market with NO Bank Loans w/Cody Davis
OpenCorporates
Airbnb
HGTV
Microsoft
Investment with David Greene
David's Instagram
Robuilt's Instagram
Robuilt's Tiktok
Robuilt's Twitter
Rental Property Investing
The 10X Rule
Connect with Christian:
Cody and Christian's YouTube Channel
The Multifamily Strategy
Christian's Instagram
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-605
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
It’s a housing market crash! It’s a housing market bubble! It’s a relatively normal and stable housing market! Two of these statements might make you excited, anxious, or hopeful, while one simply makes you yawn. For years, we’ve heard numerous news outlets, forecasters, and housing authorities tell us that the next housing crash is right around the corner, only for home prices to skyrocket, interest rates to rise, and demand to stay red-hot.
If you want to know if a housing market crash is coming, Rick Sharga, Executive Vice President at ATTOM, a leading provider of nationwide property data, is the person to talk to. His entire job is based on finding and figuring out the data behind housing market movements, which he then presents to field leaders who are trying to make better buying, selling, and lending decisions.
Rick is an industry vet and was around during the mid-2000s housing market crash, the great recession, the foreclosure crisis, and everything that followed. Rick has seen the runup in housing prices over the past two years and has some interesting theories as to where we’re headed next. Whether you think we’re in for smooth sailing or on the cusp of another crash, Rick’s predictions may surprise you.
In This Episode We Cover:
Why competition has recently fallen and whether or not this is permanent for the housing market
The difference between 2022’s housing market and the 2007/2008 housing market
Whether or not raising interest rates has affected hot housing markets
If we’re entering bubble territory and how to tell the real estate market is going south
Which real estate markets are primed for a correction in 2023 (and beyond)
How to get ahead of the foreclosure auctions in a “high equity” housing market
And So Much More!
Links from the show
ATTOM Data Solutions
On The Market Podcast
Redfin
Zillow
Fannie Mae
Wallstreet Journal
Weatlh Track
Federal Housing Administration (FHA)
Blackstone
RealtyTrac
Youtube
Tiktok
Dave Meyer's Instagram @thedatadeli
BiggerPockets Youtube
David Greene's Instagram @davidgreene24
David Greene Real Estate (Youtube)
Rick's LinkedIn
Rick's Twitter @ricksharga
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-603
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The ROI (return on investment) of a rental property is arguably one of the most calculated metrics when deciding whether or not to invest. Even veteran landlords tend to look at ROI as the sole metric that decides whether or not something is a “deal”. But, in the 2022 housing market, more and more landlords are seeing a massive boost in equity, and new investors are finding cash flow harder and harder to find. Has ROI kept its relevance?
Welcome back to another episode of Seeing Greene, where expert investor, agent, author, and real estate investor, David Greene, takes time to answer the BiggerPockets community’s most top-of-mind questions. In this episode, we touch on topics such as how to scale your portfolio on limited funds, whether or not to invest in tenant-friendly states, long-distance house hacking, and the foolproof way to decide whether to hold or sell in 2022.
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
The three ways any real estate investor can scale their portfolio
Investing in a market facing depopulation and how to research a rental market
Critiquing the “only cash flow” argument and what other important metric to pay attention to
Holding vs. selling your rental properties in 2022 (and how to decide which path to choose)
DSCR loans and how to get around the residential mortgage maximum
Investor FOMO and whether or not to buy or wait in today’s hot housing market
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Submit Your Questions to David Greene
The U.S. Census Bureau
CNN Money
Yahoo Finance
BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks
BiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with Rentals
BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors
Seeing Greene: Questions from BiggerPockets’ Best and Brightest (Episode 600!)
Seeing Greene: Should You Pay Off Debt or Invest in Real Estate?
Seeing Greene: FHA Loans, Cash Flow Shrinkage, & Bidding $200k Over Asking
David Greene Meetups
David Greene Team
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-603
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
If you want to invest in real estate, you’re probably taking a safe, slow approach to building a rental property portfolio. As a real estate rookie, people tell you that the safest way to invest is to get good at one thing while keeping a distance from doing deals outside your comfort zone. While this type of advice isn’t wrong for everyone, it may miss the mark for some.
Investors like Marjorie Patton have found ways to dramatically diversify themselves in the world of real estate, without their losing shirts. Marjorie is the head of sales for a financial technology firm by day and a real estate investor, house hacker, flipper, and private money lender by night. With some rather unexpected renovation costs on her first property (and with no safety reserve), Marjorie was forced to learn real estate investing on the fly.
Fast forward to today, Marjorie has a seven-door portfolio in the expensive Denver, Colorado area. She’s grown quickly and has seen healthy profits, but has no need to quit her W2. Instead, she’s going to creatively parlay any deal that comes across her desk so she can build wealth while continuing to work somewhere she loves.
In This Episode We Cover:
Why diversifying in real estate isn’t such a bad idea, plus how to prepare to do different deals
Using the concepts you know in everyday life to build a real estate portfolio
The benefits of being “scared” when doing deals and building confidence through mistakes
When the right time to quit your W2 is and why you don’t have to succumb to the “financial freedom” pressures
Flipping homes, lending private money, and investing in deals with partners
House hacking an expensive property while keeping your cost of living low
And So Much More!
Links from the Show:
BiggerPockets Website
BiggerPockets Bookstore
BiggerPockets On The Market Podcast
BiggerPockets Youtube Channel
BiggerPockets Podcast #467: #1 NYT Bestselling Author Adam Grant on the Need to “Think Again”
Ebay
MLS (Multiple Listing Service)
Mike Tyson's Official Website
Steve Jobs' Wikipedia Page
Steve Wozniak's Wikipedia Page
Malcolm Gladwell's Official Website
Warby Parker Website
Rocky Mountain Women Invest Meetup
Airbnb
Redfin
HBO’s Billions
Mark Ferguson's Wikipedia Page
Rob’s TikTok Profile
Rob’s Instagram
Rob’s Youtube Channel
Rob's Twitter
David’s Instagram
David’s Tiktok Profile
David's Business Website
Connect with Marjorie:
Marjorie's Instagram
Denver Women Investor Meetup Instagram
Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-602
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What makes a millionaire mindset? Everyone knows what it takes to become successful: hard work, grit, tenacity, and (usually) some form of intelligence. But with so many people (real estate investors specifically) working hard, day in and day out, why aren’t we seeing a plethora of unbelievably successful individuals? It turns out, the problem isn’t within the system of building wealth, but the individual.
Jason Drees, mindset coach and author of Do the Impossible, has seen numerous individuals come to him confused, doubtful, and wanting to do more. Within a matter of years or even months, these individuals poised on success attain things that would take most people many lifetimes. So what’s the difference between a massively successful investor and a moderately successful one?
In today’s show, Jason breaks down the alchemy behind building a business, a life you love, and massive wealth. He even takes a break to coach David and Rob on their future business plans, uncovering some roadblocks and new paths that they never even knew existed. If you’ve been stuck in analysis paralysis, or simply have a goal to get to fast, this is the episode to not only listen to but take notes and review so you can grow as well.
In This Episode We Cover:
Why 95% of real estate investors aren’t aiming high enough (and how it’s hurting them)
Evolving your mindset after hitting a goal, no matter how small
Hitting unknown goals and looking for accomplishments that excite you
Using your emotion to navigate success and listening to your internal guidance
Walking the path to greatness instead of settling for success
How to “Frame” your goals, plus a live example with David and Rob
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
Biggerpockets Bookstore
Brandon's Instagram
Tony Robbins's Website
Tony Robbins Life Coaching
David's Instagram
The David Greene Team's TikTok Profile
Rob's Instagram
Rob's Youtube Channel
Rob's TikTok Profile
Connect with Jason:
Jason's Company Website
Jason's Instagram
Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-601
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Welcome episode 600 of the BiggerPockets Real Estate Podcast! Whether you’re a first-time listener or a David Greene addict, we’re happy to have you here. In today’s episode of Seeing Greene, David takes questions from some of the biggest names in the real estate investing space, including fan favorites like Ed Mylett, David Osborn, and even…Brandon Turner (he’s back!)
While this show features some high-level investors, the questions still apply to everyday investors. David answers questions ranging from how to find work-life balance, what to do to get your offer accepted in today’s hot market, how to balance skill with ambition, and where to start when hiring employees for your real estate investing business. Even if you’ve yet to buy your first rental property, advice like this could slingshot your wealth-building journey farther than you knew you could go!
Thanks again to all our celebrity guests for sending in their questions! Heard a question that resonated with you? Want to hear David’s thoughts on a certain topic? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A with the man himself.
In This Episode We Cover:
How to start (and stay) performing at your best so you can accomplish your goals
What the David Greene team is doing to win bidding wars in today’s hot housing market
The best metric to look at when deciding whether or not to buy a property
How to maintain work-life balance when working, running your business, and investing
Tips for hiring employees that can help you build your real estate portfolio
The three biggest leadership tips when running a team (or teams!)
David’s dream Chipotle order and how to ensure your burrito isn’t soggy
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Submit Your Questions to David Greene
What Michael Jordan and Kobe Taught Tim Grover about “Winning”
Investing and Landing Great Deals at Auctions with David Osborn and Aaron Amuchastegui
From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn
Gobundance
You Get Your Standards, Not Your Goals: Ed Mylett on Success, Faith, and Building $100M+ Businesses
40 Doors in the First 2 Years with Henry Washington
Turning $5K Into $5K/Month and Retiring at 40 with Tim Rhode
BiggerPockets Podcast 320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany Arnason
The 7 Tips @investorgirlbritt Used to Go from Amateur to Pro Investor
Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy Papasan
Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan
BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks
BiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with Rentals
BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors
David Greene Meetups
David Greene Team
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-600
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Opportunity zone investing hasn’t always been around for real estate investors to take advantage of. But as the government began upping the incentives around this type of real estate investing, more tax-savvy investors started to pay attention. You may have heard of opportunity zones before, but you probably don’t know how much of a heavy hitter they are in the realm of tax reduction.
Someone who does know about opportunity zone investing is King Malaki Sims—CPA and avid real estate investor. He’s been buying and building homes in opportunity zones for years and makes the case that this type of investing truly is the best real estate “cheat code” out there. Through his simple strategy, Malaki has been able to not only defer taxes but in some cases, eliminate them entirely, just through simple, smart real estate investing.
Malaki shares how even a novice real estate investor can find, fund, finish, and furnish an opportunity zone rental property all while keeping Uncle Sam away from their hard-earned profits. If you want to build wealth without having to worry about 1031-ing your properties, Malaki is the man to listen to.
In This Episode We Cover:
Opportunity zones explained and how new investors can start investing in them
Where to find opportunity zones in your local area (no matter where you live!)
Funding opportunity zone investments with little to no money down
The biggest opportunity zone myths that scare away investors far too early
Depreciation, bonus depreciation, and tax-deferral strategies you can take advantage of
How crypto, stock, and other investors can invest in real estate tax-free
And So Much More!
Links from the Show:
BiggerPockets Website
BiggerPockets Bookstore
BiggerPockets Forums
BiggerPockets Podcast Episode 569: Rich Dad’s CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright
Robert Kiyosaki's Official Website
Donald Trump's Official Website
California Opportunity Zone Website
Cryptocurrency
Rob’s TikTok Profile
Rob’s Instagram
Rob’s Youtube Channel
David’s Instagram
David’s Tiktok Profile
Connect with King Malaki:
King Malaki's Instagram
King Malaki's Clubhouse
Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-599
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The BRRRR method can be taught by no one better than David Greene, author of Buy, Rehab, Rent, Refinance, Repeat, and adorably dubbed “Sir BRRRR” by co-host Rob Abasolo. While David may be a master of BRRRR budgets, schedules, and rehabs, Rob isn’t as familiar with doing full-on buy, rehab, rent, refinance, and repeat rentals. To not only help out Rob but the BiggerPockets audience as a whole, David does a full walkthrough on his latest BRRRR.
This hillside property situated in David’s native San Francisco Bay Area has huge potential to become a cash-flowing, equity-increasing deal. David is turning this large home into multiple smaller units that will rent out to A-class tenants and should net him a six-figure equity boost simply by doing these cash-flow-first renovations.
David walks through exactly how to find BRRRR properties, telltale signs of a good (or bad) BRRRR deal, how to use the BiggerPockets BRRRR calculator, funding options for your BRRRR (from David's broker!), writing up a contractor scope of work (SOW), and how to build cash flow when there isn’t any to be found. You’ll also hear how David had a surprise run-in with the cops when walking this property. Action, excitement, and lots of equity are all coming up in this episode!
In This Episode We Cover:
The first signs that a property may be a great BRRRR deal
Using the BiggerPockets BRRRR calculator to evaluate deals and raise private capital
Financing options you have when funding (and rehabbing) a BRRRR
Contractor bids and BRRRR budgets (even if you don’t have rehab experience)
Before photos and David’s exact conversion plan to turn a single property into a cash-flowing multifamily
The huge wealth-building benefits of getting creative when finding value-add real estate
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
BiggerPockets Calculators
Biggerpockets.com Pro Upgrade Code: REPOD21
BiggerPockets Podcast
Zillow
Realtor.com
BiggerPockets Conference and Events
Rentometer
The 1 Brokerage
Building Your “Passive Income Blueprint” Using the Right Real Estate Agent w/ Johnny Hoang
Books Mentioned in the Show:
Buy, Rehab, Rent, Refinance, Repeat by David Greene
The Book on Estimating Rehab Costs by J Scott
Connect with Rob:
Rob's TikTok Profile
Rob's Instagram
Rob's Youtube Channel
Connect with David:
David's Instagram
David's Tiktok Profile
David Greene Team
Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-598
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Should you pay off debt or invest in real estate? Whether you’re young or old, rich or poor, in consumer debt or student debt, this is a question that almost everyone has. With inflation hitting decade-long heights, debt seems to be worth less and less every day. But, the other side to this coin is that asset prices, including real estate, are going up. Is there a right move to make, or are we stuck treading water without enough financial traction to stick to?
Hear answers to this question (and many more) on this week’s Seeing Greene, with your favorite host, agent, investor, and mortgage magician, David Greene. In this episode, you’ll hear topics touched on like whether to house hack or buy cash-flowing rentals, what to expect (and not expect) from your real estate agent, how to reduce (and account for) property taxes, how inflation and interest rates will affect the housing market and the best piece of advice David would give new real estate investors.
Heard a question that resonated with you? Want to hear David’s thoughts on a certain topic? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get real-time answers!
In This Episode We Cover:
How inflation can positively affect your debt payoff and using your momentum to buy real estate
House hacking in expensive areas vs. buying short-term rentals that cash flow
How David’s real estate team sets up clients and investors for success
Finding the right property manager that will handle your portfolio’s headaches
Whether buying new construction or an existing home has better long-term ROI
How to claim rental income (including house hack income) so you can increase your financeability
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Submit Your Questions to David Greene
BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties
BiggerPockets Podcast 570: Seeing Greene: Signs of a Great Agent, When to Refi, and How to Scale
BiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking
BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks
BiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with Rentals
BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors
David Greene Meetups
David Greene Team
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-597
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Mobile home park investing wasn’t very attractive until a few years ago. Thanks to big names in the mobile home park space (like BiggerPockets’ own Brandon Turner), the mobile home investing game has become one of the hottest commodities in the world of real estate investing. But it must take a huge jump to go from investing in single-family rentals to double-digit-unit parks, right?
Today’s guest, Amanda Cruise, is here to tell you that bigger doesn’t always mean more challenging. She actually got out of single-family rental investing due to the non-stop headaches of dealing with contractors, property managers, and tenant maintenance problems. She started doing “Lonnie Deals” where she would seller-finance mobile homes to local buyers. Soon, after enough success, she moved on to tackling entire mobile home parks!
But how did Amanda beat out the competition when the mobile home park space is so hot? Thankfully, Amanda shares her three top tips on getting around institutional investors so you can purchase cash-flowing mobile home parks, without the headaches of syndicating or raising vast amounts of capital.
In This Episode We Cover:
“Lonnie Deals” and seller financing mobile homes for profit
Why changing title on a mobile home is far easier than on a traditional home
Finding motivated sellers and how to slide under the radar of institutional investors
Scaling your team and the “must-have” roles when buying mobile home parks
The not-so-secret way to get a list of mobile home park owners in your area
The true “value-add” opportunities to look for in a mobile home park
And So Much More!
Links from the Show:
Craigslist
Facebook Marketplace
Airbnb
LoopNet
CoStar
Sarah Weaver's Website
David's Instagram
David Greene's Real Estate YouTube Channel
Rob's TikTok Profile
Rob's Instagram
Rob's Youtube Channel
BiggerPockets Podcast 563: W2 Retired and Traveling the World with Just 15 Units w/Sarah Weaver
Robuilt YouTube Channel: Why I’m buying a $3,250,000 Airbnb in Arizona
Brandon Turner's Instagram
Mobile Home Park Investing Course by Amanda Cruise
Connect with Amanda:
Freebies from Amanda's Company Website
Amanda's Instagram
Check the full show notes here: https://biggerpockets.com/blog/real-estate-596
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Most investors assume LLCs for rental properties are the way to go in terms of asset protection. From a novice’s point of view, LLCs seem to provide everything you would need?—anonymity, simple tax filing statuses, and legal protection. But, an LLC in reality isn’t as airtight as most real estate investors think. And the worst time to learn about the limitations of an LLC is during a lawsuit, where your wealth (and sanity) is at risk.
To stop you from guessing when it comes to asset protection, we’ve brought on our go-to expert and heavy hitter asset protection lawyer, Brian T. Bradley, Esq. Not only is Brian well versed in the realm of asset protection, but he’s also helped numerous clients protect their real estate wealth, making him the perfect person to ask about LLCs, limited partnerships, trusts, and more.
Brian walks through the different types of legal “layering” that real estate investors can set up to protect themselves from lawsuits and angry creditors. He defines exactly how each type of real estate investor should set up their assets as their net worth expands, and what to do BEFORE you get served with a lawsuit. While Brian may not know your personal situation, he does speak with years of experience serving high-net-worth investor clients and can relay their mistakes (so you don’t make them too).
In This Episode We Cover:
What is asset protection and why is it crucial for real estate investors in particular
The “layers” of legal protection that real estate investors must have
What an LLC really protects you from and why it may be different than what you think
“Piercing the veil” and why most investors need to go a step beyond LLCs
Limited partnerships and trusts that give you the best asset protection
Financing hiccups when keeping your rental properties in trusts
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
On the Market Podcast
Biggerpockets Blogs
Biggerpockets Agent Finder
Real Estate Rookie Podcast
Rookie Podcast 106: Asset Protection for Rookies: 7 Wealth-Saving Answers from an Expert
Tony Robbins
Airbnb
MySpace
TikTok
Cardano (ADA)
Rob's TikTok Profile
Rob's Instagram
Rob's Youtube Channel
David's Instagram
David's Tiktok Profile
Connect with Brian:
Brian's Company Website
Email Brian: brian@btblegal.com
Check the full show notes here: https://biggerpockets.com/blog/real-estate-595
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Inflation and cash flow have been fighting against each other for decades. As soon as you increase the rent on an income property, inflation comes right in to eat some of that gain. So in today’s borderline hyperinflationary environment, is cash flow still coming out on top? A better question to ask may be, what happens in five, ten, or twenty years? Will inflation completely erode your financial freedom dreams? Or will cash flow match (or beat) this destructive force.
This isn’t just a question that impacts real estate investors—it affects almost every individual working within today’s economy. In today’s episode of Seeing Greene, David goes deep into this question (and others) so you, the investors, can have a better understanding of our economy as a whole. You’ll also hear topics like whether or not you can transfer title on an FHA loan, what to do when bidding wars push prices well above market comparables, when to cosign and when to ask for a cosigner, and what every investor in their twenties should start doing today.
Heard a topic that you wanted more explanation on? Want to ask David a question you’ve never heard before? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
How spending power changes the way investors calculate cash flow
Transferring title from your personal name into an LLC with an FHA loan
How to know a house is “worth it” and what to look for in a loan officer
Cosigning for a relative to house hack and staying up-to-code with owner-occupied loans
Pivoting markets from a cash flow market to an appreciation market
David’s advice to every young, aspiring real estate investor
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
Submit Your Questions to David Greene
BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties
BiggerPockets Podcast 570: Seeing Greene: Signs of a Great Agent, When to Refi, and How to Scale
BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Sea
BiggerPockets Podcast 577: Cutting Your Tax Bill, Investing in Different Markets, & “Investor Pressure” | Coaching Calls
BiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking
BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks
BiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with Rentals
BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors
David Greene Meetups
David Greene Team
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-594
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The words “ethical” and “wholesaling” are rarely used in the same sentence. For the most part, many real estate investors and agents look at wholesalers as deceptive, hard to read, and for the most part just looking to make a quick buck. While this may be true for many new wholesalers, it's far from the truth for Jamil Damji. If anything, Jamil wants to put an end to inexperienced, and often financially dangerous wholesaling.
You could say Jamil was made to be a wholesaler. He had hustle, cold calling skills, and the will to succeed after being rejected from medical school simply due to his age. He set up a website-building business and got the hang of cold-calling quite quickly. After overhearing a discussion about a real estate deal between his partner and his partner’s father, Jamil decided to take his sales skills and turn them into something a bit more profitable. He made a phone call to a local property owner, secured a deal for his partner, and walked away with a $47,000 assignment fee.
Now, Jamil runs one of the most respected wholesaling companies in the United States. He’s set up an “everyone wins” style of wholesaling where sellers, buyers, and intermediaries in between all get paid fair prices while incentivizing each party to do what’s best for the other. This is a brand new concept in the field of wholesaling and one that Jamil wants to see flourish throughout the industry. If you want to learn how Jamil and his team do sixty to eighty deals a month, all while building a loyal customer base, this is the place to be.
In This Episode We Cover:
How wholesaling works and why so many new investors start with it
The best types of listings to call to find motivated sellers plus where to build your buyers list
Why illegalizing (or at least licensing) wholesaling would be favorable for the industry
How wholesalers can work with agents to build each other’s businesses faster
The biggest mistake wholesalers make when trying to assign contracts to buyers
Building a “win-win” system so everyone in the transaction becomes a repeat customer
And So Much More!
Links from the Show:
Coming Soon: BiggerPockets's On The Market Podcast
Triple Digit Flip Show
Robert Abasolo's Instagram
Robert Abasolo's TikTok
David Greene's Instagram
David Greene Real Estate Youtube Channel
KeyGlee
Funny or Die
Upright Citizens Brigade
The Second City
Craigslist
U-Haul
The Comedy Store
D.R Horton Company Website
Saturday Night Live
Brandon Turner's Instagram
Connect with Jamil:
Jamil's Instagram
Jamil's YouTube Channel
Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-593
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The way the housing market moves largely depends on the real estate cycle we’re currently in. We all saw this during the 2007 subprime mortgage crisis as overleveraged homeowners saw their properties foreclosed on and later sold to investors who had cash on hand. We’re currently experiencing dramatic demand coupled with low inventory, so are we at the end of the housing market cycle, ready for a recession to knock down this house of cards?
Whether we are or aren’t close to a housing bubble bursting, smart real estate investors are protecting their wealth regardless of what is to come. This is where today’s guest, Doug Lodmell, has gleaming insight. Doug and his team have worked for decades to protect the wealth of real estate investors. This is commonly known as asset protection but can be thought of as simple risk mitigation for the new real estate investor.
Doug has been through expansion, crashes, corrections, recoveries, and everything in between and has seen what a poor asset protection strategy can do to an investor's portfolio. He drops some knowledge on today’s show around how real estate investors in 2022 can protect themselves from going through a repeat of 2008. His simple, yet undeniably valuable advice could save you not only money but years worth of work you’ve put into real estate investing.
In This Episode We Cover:
Quick takes on today’s biggest stories surrounding the housing market
The tools asset protection lawyers use to protect and disguise their clients’ wealth
Whether or not new real estate investors need LLCs when buying properties
The biggest mistakes real estate investors make that cost them their wealth
Leveraging debt to build your portfolio vs. cash hoarding for post-crash opportunities
BiggerPockets’ newest podcast show featuring our own Dave Meyer!
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
On the Market Podcast
Walmart
Bloomberg News
David's Instagram
Dave's Instagram
Connect with Doug:
Doug's LinkedIn Profile
Doug's Company Website
Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-592
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Cash flow markets are a hotspot for new real estate investors. Why? They’re inexpensive to get into, show great cash flow (on paper), and allow many investors to map their date of financial freedom. The downside? Cash flow markets are different in real life than they are on paper. What may look like a phenomenal rental property at first glance could turn into a tenant nightmare and cash flow hemorrhaging situation. So who should invest in these types of real estate markets?
Questions just like this (and more) are coming up in this episode of Seeing Greene. As usual, David Greene, your expert on all things real estate, is here to answer quick questions from both rookie and veteran investors. In today’s show, David touches on topics like BRRRRing vs. buying multiple properties, 2022 housing market predictions, how to raise capital for your deals, qualifying for financing without strong income, and why 2022 may be the perfect year to go into debt!
Heard a question that resonated with you? Want to hear David’s thoughts on a certain topic? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A with the man himself.
In This Episode We Cover:
The best way to invest spare cash: BRRRRing or buying multiple properties?
How David structures his deals and raises capital using debt and equity
Refinancing out of a seller-financed situation, even if you don’t qualify for conventional loans
Whether to keep, sell, or refinance a property when you have significant equity sitting in it
How to house hack (again) when you’ve already used your one FHA loan
Developing your crystal clear criteria so you can grow your portfolio faster
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Rent Estimator
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
Submit Your Questions to David Greene
BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions
BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate?
BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties
BiggerPockets Podcast 570: Seeing Greene: Signs of a Great Agent, When to Refi, and How to Scale
BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Dea
BiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking
BiggerPockets Podcast 584: The 5 Steps That Will Bring You More Deals, Friends, and Mentors w/Jonathan Greene
BiggerPockets Podcast 586: The 8 Steps That Will Stop You From Getting Burnt on Multifamily Deals w/Andrew Cushman
BiggerPockets Podcast 587: Full-Time Flipping (Out-of-State!) at 24 by Doing What Most Don’t Know w/Dominique Gunderson
BiggerPockets Podcast 589: 10 Actionable Steps Anyone Can Follow to Buy a Rental Property
David Greene Meetups
David Greene Team
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-591
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
No money down real estate investing usually sounds too good to be true. It seems almost impractical that someone without much experience, money, or property can secure cash-flowing rentals without putting a dollar into the deal. Even more astounding, today’s guest Andre Haynes was paid a few thousand dollars to buy his first rental property. He shares his exact steps on how he did it on today’s show!
While investing in real estate with no money down can seem like an advanced concept, Andre wasn’t some cash-flowing wizard from the start. If anything, Andre’s upbringing may have brought some hurdles to the financial side of his life. He had no credit, no cash, was faced with eviction notices, and generally was falling behind financially as a parent. He had to take a hard look at his life, redefine his goals, and reevaluate his choices. From there, it was a hard, yet incredibly valuable, climb upwards.
Now, only a short time later, Andre has built a real estate portfolio worth over a million dollars. He has numerous cash-flowing assets that pay for his liabilities and has started to educate others about how they can do the same. He defines this easily repeatable process on today’s show but doesn’t gloss over the fact that the only thing stopping you from obtaining the wealth you desire, is yourself.
In This Episode We Cover:
How to invest when you come from an upbringing that lacks financial literacy
Giving up on your “dream” so you can pursue something much greater
Andre’s 5-steps to get your life together and how you can start using them today
Practicing delayed gratification and how simple sacrifices pay off big in the long run
The zero down loan program that Andre used to build his real estate portfolio
The importance of becoming a real estate investor before you buy your first property
And So Much More!
Links from the Show:
BiggerPockets Forums
BiggerPockets Podcast
BiggerPockets Agent Finder
BPCON 2022
NACA (Neighborhood Assistance Corporation of America)
MLS (Multiple Listing Service)
Realtor.com
Zillow
Rich Dad Poor Dad seminar
Airbnb
Vrbo
Turo
Peerspace
The Landlord Life YouTube series
Landlord Life Season 3 Episode 2 with Henry Washington
Mindset Matter Merch (No books here)
Henry Washington's Instagram
Brian Donnelly's KAWS
Connect with Andre:
Andre's Instagram
Andre's Business Website
The Landlord Life YouTube series
Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-590
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Want to know how to buy a rental property? If rising home prices, rent prices, and fierce market competition have you struggling to get something under contract, your real estate saviors, David Greene and Rob Abasolo are here to help. In 2022’s hot housing market, it can seem almost impossible for new real estate investors to get their foot in the door. But, if you follow what the experts are doing, you may be able to lock up your next investment while other buyers are stuck in bidding wars.
Whether you’re wondering how to buy your first rental property or your next rental property, David and Rob have answers for you. They’ve partnered up to buy luxury short-term rental properties in sunny Arizona, all while recording the exact steps they’re taking to land a deal. If you’re already investing in real estate, some of these steps may seem familiar to you, but the gems that David and Rob drop are rarely discussed (and incredibly helpful).
So, if you’re ready to start your real estate investing journey, build wealth, rake in cash flow, and build passive income, you’re in the right place. David and Rob define their ten steps to investing success so you can spend less time analyzing deals and more time collecting rent checks.
In This Episode We Cover:
How to define your investment criteria so you can find deals that fit your needs
Working with a partner and keeping the line of communication open
Blocking off time so you (and your partners) can focus on crossing the finish line
What to look for in a real estate agent and how to communicate to them what you want
Writing your offer with multiple strategies in mind so you can beat the competition
How to not become “emotionally attached” to deals that look too good to be true
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder
Dave Ramsey's Website
Zoom
BiggerPockets Podcast
AirDNA
Voice Notes
Bump App
Zillow
DavidGreene Team
Connect with Rob and David:
Rob's Instagram
David's BiggerPockets Profile
David's Instagram
Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-589
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Want to retire with rentals? Want more cash flow? Want to put up a lower down payment? What about building an ADU on your land? All of these questions (and more) are coming up on this episode of Seeing Greene. Unfortunately, this is the first time in BiggerPockets history that David Greene, master investor/agent, hasn’t been able to answer a question (and for good reason).
David tackles some challenging topics this episode, ranging from climate change affecting real estate values, what to do once depreciation runs out, and at what point should an investor take profits in the form of cash flow? While you may have heard varying opinions from other investing experts (or even other BiggerPockets hosts), David has a rather conclusive take on why you should NOT be retiring early with rental properties, but you should do something much greater instead.
If you heard a question that resonated with you or you’d like David to go more into detail on a certain topic, submit your question here so David can answer it on the next episode of Seeing Greene. Or, follow David on Instagram to see when he’s going live so you can hop on a live Q&A with the man himself!
In This Episode We Cover:
How climate change will and won’t affect buying patterns for real estate investors
Whether or not to trade a higher down payment for more cash flow or vice versa
Where to find real estate meetups to network with other investors
When the right time to pull out cash flow from your rental property is
How to maximize tax benefits after your property’s depreciation runs out
Building an ADU vs. buying another rental property with the cash
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Rent Estimator
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
Submit Your Questions to David Greene
BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate?
BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties
BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Dea
BiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking
BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks
David Greene Meetups
David Greene Team
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-588
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Forty real estate deals is a lot, especially for an experienced investor. How many people do you know that have done forty flips, wholesale deals, or own over forty rentals? Odds are, probably not many. So how does a nineteen-year-old do that many deals in only a year? Even better, how do they then take that experience and build a successful flipping business thousands of miles away from where they live? The answer might surprise you.
Dominique Gunderson is an anomaly in the best of ways. At fifteen years old she became privy to short sales, then at age seventeen, she left high school to start wholesaling full-time. Now, at age twenty-four, she runs a full-time flipping business based in New Orleans while she resides in her home state of California. She’s managing this entire out-of-state real estate investing venture strictly through her phone, laptop, and conversations with her contractors. Impressive, right?
But this level of speed and growth didn’t come without its tradeoffs. Dominique failed many, many times in her pursuit of passive income and real estate profits. She’s the first to admit that she wouldn’t trade a single failure for anything she has now, as they’ve been the stepping stones to her success. So if you want to stop sitting on the sidelines and start succeeding at record speed, you better prepare to fail, just like Dominique did.
In This Episode We Cover:
How to quickly screen for potential hidden gems in the multifamily space
The eight steps that lead to perfect multifamily underwriting so you can make the best offer possible
“Loss to lease” and using it as a value-add opportunity that most investors miss
Getting debt quotes, insurance quotes, and accurately calculating future property taxes
Who’s opinion you need to ask for before going through on a multifamily deal
Looking for the opportunities and traps within a seller’s finances
Writing an LOI (letter of intent) and getting bigger deals under contract
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Bookstore
The Real Estate InvestHER Show Episode 170: How this Full Time Nurse Manages Multifamily Syndications with Savannah Arroyo
Airbnb
Lowe's Home Improvement
The Home Depot
MLS (Multiple Listing Service)
Connect with Dominique:
Dominique's BiggerPockets Profile
Dominique's Instagram
Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-587
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Want to know how to analyze a multifamily property? Maybe you’ve analyzed duplexes, triplexes, quadplexes, or even ten-unit apartment complexes before, but what about the big deals? We’re talking about multi-million dollar multifamily investments, with hundreds of units, large debt and equity structures, and many, many small pain points only experienced investors would notice.
If you’re looking for an in-depth overview of how to find, analyze, and buy a large multifamily property so you can build passive income and serious equity growth, then Andrew Cushman is the man to talk to. Andrew is so good at what he does that he's partnered up with BiggerPockets Podcast host, David Greene, to invest together.
In Andrew’s previous episode, he touched on the “phase I underwriting” that comes with analyzing a multifamily deal. In this episode, Andrew focuses on what investors should do after they’ve triaged their deals and are left with only the best in the bunch. Andrew spent years worth of time analyzing deals to come up with these eight steps. He shares them today so you can have less headache and more investing success than when he started!
In This Episode We Cover:
How to quickly screen for potential hidden gems in the multifamily space
The eight steps that lead to perfect multifamily underwriting so you can make the best offer possible
“Loss to lease” and using it as a value-add opportunity that most investors miss
Getting debt quotes, insurance quotes, and accurately calculating future property taxes
Who’s opinion you need to ask for before going through on a multifamily deal
Looking for the opportunities and traps within a seller’s finances
Writing an LOI (letter of intent) and getting bigger deals under contract
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
DavidGreene Team
BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Deal
BiggerPockets Store
BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman
How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman
Axiom Metrics
CoStar
ALN Apartment Data
Apartments.com
Rent.com
Parks and Recreation (TV Show)
David Greene's Webinars
David's Instagram
Andrew's Visuals
Example 1 (Spreadsheet File)
Example 2 (Spreadsheet File)
Example 3 (Spreadsheet File)
Rent Increases
Loss to Lease
Debt Quote
Property Taxes
Renovation Budget (Spreadsheet File)
Connect with Andrew:
Andrew's Linkedin Profile
Andrew's Company Website
Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-586
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
BRRRRs, property classes, raising capital questions and more are in this episode of Seeing Greene! As always, your investor mentor, top agent, and shiny-headed host of the BiggerPockets Podcast is back to walk through real-life questions and examples brought to him directly from listeners just like you. This episode walks through a lot of the struggles new and intermediate investors have when trying to scale. So even if you’ve got one unit (or none), you’re probably in one of our guest’s positions.
Investors all over the country are enjoying the spoils of this hot real estate market and need to know the next best move to make. In today’s show, David touches on topics like how to scale when you feel overleveraged, the four hurdles that stop investors from building portfolios, how to tell whether a rental is an a, b, or c-class property, whether or not to raise money on your first big deal, and why every BRRRR needs to start backwards.
If you heard a question that resonated with you or you’d like David to go more into detail on a certain topic, submit your question here so David can answer it on the next episode of Seeing Greene. Or, follow David on Instagram to see when he’s going live so you can hop on a live Q&A with the bald builder of wealth himself!
In This Episode We Cover:
The four things that slow investors down when building their real estate portfolio
How to know your “property’s personality” so you can get better tenants and equity gain
Defining property classes and what to do if a property and neighborhood class mix
Selling off your rental properties to buy bigger deals vs. raising private capital
Why real estate is easy in theory but difficult in practice
The single best strategy for every new real estate investor to start with
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Rent Estimator
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
Submit Your Questions to David Greene
BiggerPockets Podcast 569: Rich Dad’s CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright
BiggerPockets Podcast 534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off?
BiggerPockets Podcast 513: Seeing Greene: BRRRR 101 – Loans, Deals, & Cash Flow —
BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions
BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate?
BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties
BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Dea
BiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking
David Greene Team
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-585
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
If you’re new to investing in real estate, you may not have run your first real estate analysis yet. But as soon as you start looking at properties, you’ll become a spreadsheet wizard in no time! With so many investors counting on automatic analysis from modern, hyper-specific real estate calculators, old-school investors beg the question “do these calculators really make a difference in the deal?”
Today, expert investor, home flipper, wholetailer, and almost every other real estate title in the book, Jonathan Greene, joins us to talk about what new investors are missing out on. While many investors run spreadsheets and analyses before seeing a deal, Jonathan does it the other way around. Jonathan will drive to a property, walk the property, and then after taking a look at some specific parts of the property, will run a deal analysis. He walks through the system that not only makes this efficient but worthwhile.
If you've been around the BiggerPockets Forums for some time, you’ve probably recognized Jonathan’s name (or face). He’s an active contributor, responding to forum posts almost every day and chatting with new investors every chance he gets. Jonathan has found deals, mentors, partners, and great friends thanks to online forums, like BiggerPockets. If you’re looking to get the most out of your virtual networking, Jonathan shares his five tips on extracting huge value from the collective minds of over two million real estate investors!
In This Episode We Cover:
Going beyond the spreadsheets and analyzing real estate internally (before using a calculator)
How to get the “feel” of a house when investing out-of-state
The crucial parts of a house Jonathan looks at during his first walkthrough
The five steps to being successful in an online community (or in real life too!)
Choosing your perfect out-of-state market using two simple data points
Flipping poorly designed homes into massively profitable masterpieces
And So Much More!
Links from the Show:
BiggerPockets Forums
BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene
BiggerPockets Podcast 583: Building Your “Passive Income Blueprint” Using the Right Real Estate Agent w/ Johnny Hoang
Redfin
Airbnb
Vrbo (formerly called HomeAway)
Dave Meyer's Instagram
Dave Meyer's BiggerPockets Profile
David's BiggerPockets Profile
David's Instagram
David’s Youtube Channel
Rob's Instagram
Rob's YouTube Channel
Rob’s Tiktok
Connect with Jonathan:
Jonathan’s Instagram
Jonathan’s TikTok
Jonathan’s YouTube Channel
Jonathan’s Business Website: Streamlined Properties
Zen and the Art of Real Estate Investing
Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-584
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The signs of a bad real estate agent aren’t very clear if you’re a new investor. But, after trial and error and a lot of deals done, you’ll be able to weed out the basic agents from the rockstar realtors. If you’re brand new to real estate investing, there’s no need to sort through ten agents just to find out what makes the good ones great. Today, we’re giving you a shortcut as we pick the brain of one of the top real estate agents in the San Francisco Bay Area, and the country!
Johnny Hoang just began his real estate agent journey only a short two years ago, but he’s been able to close on an astounding $67M in home sales despite having such a short time in the market. Even with things as hot as they are, that’s a very impressive number from any agent, let alone a rookie! Of course, it should come as no surprise that Johnny is a student of David Greene and works with David daily.
In today’s show, David and co-host Rob Abasolo break down what it means to be a great real estate agent. They walk through different scenarios and situations with Johnny so you, the listeners, come away knowledgeable of the difference between an agent who will help you grow your portfolio and an agent who purely wants a commission check.
In This Episode We Cover:
How top agents prioritize clients and what you need to do to get to the top of the list
The investor-client “kiss of death” and how to NOT talk to an experienced agent
The seven signs of a bad agent and when to steer clear of an agent who’s all talk
Finding the perfect investor-friendly agent that will diligently hunt down deals for you
House hacking and using owner-occupied loans to slowly build your wealth
What to expect (and not expect) your real estate agent to bring to the table
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder
DavidGreene Team
Keller Williams Realty
Redfin
Zillow
David's BiggerPockets Profile
David's Youtube Channel
Rob's Tiktok
Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-583
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Should I invest now or wait? How do I set up my children for financial success? What do top agents do to stand out in the market? These are all questions of real estate investors, agents, and onlookers who wait to see what’s next in the 2022 housing market. With so much uncertainty around us and an environment of intense competition, it can be a struggle to know what move is the right one or whether or not to sit out of the game entirely.
Well, if you’re looking for a top agent, investor, and podcaster with a very shiny head, you’ve come to the right place. David Greene is back with another fan-favorite episode of the Seeing Greene series as he takes questions directly from BiggerPockets listeners and commenters on YouTube.
In this week’s seeing Greene, you’ll hear David go granular into commonly asked questions and topics like: how to finance a rental without W2 income, what to do when a home is zoned incorrectly, investing in expensive markets like Hawaii, asset protection for real estate investors, and why cash flow isn’t the most important metric when house hacking.
Want to ask David a question? Submit your video here!
In This Episode We Cover:
The exact way David provides value to his residential and investor clients
Buying your child a rental property and the logistics that go with it
What to do with a rental property that was zoned incorrectly
Investing in vacation rental markets like Hawaii and why they’re different than regular markets
Whether to invest now or wait until the market has more cash-flowing deals
The best way to protect your assets as a new real estate investor
Why house hacking is the best way to get your start in real estate investing (even in expensive markets)
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Rent Estimator
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
Submit Your Questions to David Greene
BiggerPockets Podcast 569: Rich Dad’s CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright
BiggerPockets Podcast 534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off?
BiggerPockets Podcast 513: Seeing Greene: BRRRR 101 – Loans, Deals, & Cash Flow —
BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions
BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate?
BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties
David Greene Team
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-582
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What do you think of when we say ADU (accessory dwelling unit)? If you’re like most homeowners, you probably think of a back house, a mother-in-law suite, or a converted art studio. But what if you don’t have a home that comes with a pre-fitted accessory dwelling unit? What if you don’t want to put in the money (or time) to build one out. Are you left with any options, or are your ADU dreams dead in the dust?
If you’ve wanted to start building passive income streams through your primary residence, then we’ve got good news for you. With us today is Derek Sherrell, also known as “That ADU Guy”, precisely because he is THE person you want to talk to when it comes to accessory dwelling units on your property. Derek knows his stuff, consulting dozens of homeowners on how an ADU would fit into their property and how much passive income they could make as a result.
And it’s not just about building some other structure in your backyard. You can convert attics, basements, garages, and even portions of your house into accessory dwelling units. Not only does this allow you to save on the cost of new construction, but it also gives you another option to build wealth, pay down your mortgage, or simply profit from a rarely used portion of your home.
In This Episode We Cover:
The exact criteria homeowners should look for in potential ADU-friendly properties
Attached vs. detached ADUs and the benefits (and cash flow difference) of both
The four main challenges when building, financing, or strategizing an ADU
What to look for in existing ADU structures, whether it’s a garage, back house, or basement
How to become an ADU expert quickly (and for free) with simple city zoning information
And So Much More!
Links from the Show:
BiggerPockets Agent Finder
BiggerPockets Forums
Dave Ramsey website
Warren Buffet Forbes profile
Joe Asamoah's BiggerPockets profile
GC Real Estate
Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-581
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The word “foreclosure” is forever stained in the minds of almost every American who lived through the great recession. News stories in 2010 would talk about the slew of families that had been foreclosed on, with big banks taking back property from a significant number of former homeowners. Fast forward twelve years and many real estate investing fortunes have been made on the backs of foreclosure sales. Is this chance coming back once again in 2022?
Joined with us today for this month’s BiggerNews is the David Greene and Dave Meyer duo plus special guest, Daren Blomquist, VP of Market Economics at Auction.com. Daren knows the foreclosure market inside and out, spending his days studying and analyzing housing market data. With the newest “surge” in foreclosures, Daren is here to quell the mind of investors who are either hoping for (or dreading) another foreclosure crisis.
Back in early 2020, the US government imposed a foreclosure moratorium and a nationwide forbearance program, allowing citizens to hang on to their homes a little longer. As the economy shifts back into gear, and the moratorium ending, will we see a surge in foreclosures? Or, has price appreciation gifted so many homeowners with equity that foreclosures aren’t even on the horizon? Whatever the answer is, Daren can help you, the investor, plan for your next money-making move.
In This Episode We Cover:
Announcing who the new BiggerPockets Podcast host is!
The mass migration of homebuyers out of their local metros and into new surroundings
Zillow’s newest “SuperApp” that plans to replace realtors
How the 2010 foreclosure crisis compares to today and what would bring a new wave of foreclosures
Why foreclosures are up a whopping 97% as we head into 2022
Investing in foreclosures and how to score deals before they hit the market
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
BiggerPockets Real Estate Podcast on Apple Podcast
Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder
Redfin Data
Uber
Airbnb
Zillow
Black Knight, Inc.
BiggerPockets Podcast 353: Turning $5K Into $5K/Month and Retiring at 40 with Tim Rhode
Realtor.com
Dave Meyer's Real Estate News
Dave Meyer's Instagram
David's Instagram
Henry's Instagram
Rob's Instagram
Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-580
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
You can build wealth with short-term rental investing quite easily. All you need is a great location, a solid property, a good strategy, some phenomenal cleaners…wait maybe it isn't all that easy. But it’s certainly doable if you’re willing to put in the time, effort, and work to make your vacation rental stand out from the rest. This is exactly what investorsDavid Greene and Rob Abasolo are doing with their current partnership—buying luxury homes and turning them into once-in-a-lifetime getaways for wealthy vacationers.
But maybe you’re not ready to drop a few million on a multifamily mansion. Even so, you can still make a phenomenal return in the short-term rental space, you just need to know how to do so. Back in episode 578, David and Rob walked through the first three steps in their short-term rental success strategy. Steps like finding a short-term rental market, choosing your location, and defining your strategy.
In this part two episode, David and Rob walk through the more granular steps to getting your vacation rental up and running. Steps like what property type works best for which investors, understanding your timeline so you can build wealth while obtaining financial freedom, and divvying up work between you and your partners (or investors). Follow all five (six) steps in this episode, and you’ll be on your way to cashing in the profits from your vacation venture!
In This Episode We Cover:
The four main types of short-term rental properties and the benefits of each
How to mitigate your investing fears so you and your partners can move with confidence
Understanding not only your cash flow goals, but your long-term equity goals as well
Laying out clear roles and responsibilities for each partner in the investment
How to cautiously bring in outside investors on your vacation rental deals
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Rent Estimator
BiggerPockets Forums
BiggerPockets Talent Search
BiggerPockets Rental Property Calculator
BiggerPockets Pro Membership
Airbnb
BiggerPockets Events
AirDNA
Invest With David Greene
BiggerPockets Podcast 578: The Secret Sauce Behind Short-Term Rental Success (Part 1) w/Rob Abasolo
Robuilt YouTube Channel: This is exactly how much your property will make on Airbnb
Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-show-579
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Short-term rentals have taken the world by storm. Over the past two decades, the bed and breakfast type business has fallen prey to the more scalable short-term rental model. Real estate investors quickly realized that they could capitalize on the long-term equity gain of rental properties with the cash flow of hotels in one highly-lucrative asset class. Thus, the rise of the short-term rental, VRBO, and Airbnb investor was born.
Arguably the most notable short-term rental investor in the space today is good friend of the show, Rob Abasolo. Rob is such a pioneer in the short-term rental investing area, that veteran agent, broker, and investor David Greene, has partnered up with him to collectively build their cash-flowing, equity-increasing empire together. With dozens of deals under both of their belts, Rob and David walk through the five steps that it takes to find success in the short-term rental space.
This episode is split up into two sections, with the latter coming out right after this one. In this show, Rob dives deep into finding a short-term rental market that fits your needs and goals, choosing a location that specifically benefits you as the investor, the different types of short-term rentals, and how to build a vacation rental strategy that will match your goals for financial independence. Whether you’re thinking of buying a snowy chateau or a desert domicile, Rob and David will help you put the pieces together so you can build a strong portfolio that will benefit you for decades to come.
In This Episode We Cover:
Choosing a short-term rental market and what aspects to look for
Cash flow vs. appreciation and which matters more when it comes to STR investing
The four types of short-term rental markets and which have the best chance of success
Seasonality and factoring it into your revenue and profit calculations
The risks of investing in vacation rental markets and how to scale your portfolio faster
And So Much More!
Links from the Show:
BiggerPockets Forums
BiggerPockets Youtube Channel
Airbnb
Brian Chesky's Linkedn profile
Julian (San Diego, California) town profile
Eureka Springs City (Arkansas) profile
Waco City (Texas) profile
Chip and Joanna Gaines HGTV profile
Copperopolis Town (Calaveras County, California) profile
AirDNA
Destin City (Florida) profile
Gatlinburg City (Tennessee) profile
Great Smoky Mountains
Zillow
Redfin
Robuilt YouTube Channel: HOW MUCH MONEY MY TINY HOUSES MAKE and why Airbnb is the best way to make passive income
Robuilt YouTube Channel: This is exactly how much your property will make on Airbnb
Check the full show notes here: https://biggerpockets.com/blog/biggerpockets-podcast-578
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Should you invest in multiple real estate markets? How can real estate investors lower their tax burden? And, how do you handle all the pressure and stress that comes with success? These are just a few of the questions that live listeners asked top real estate agent, investor, and BiggerPockets Podcast host, David Greene. As per usual, David uses this coaching call as a way to answer questions from rookies and experienced investors, without any preparation.
You’ll get to hear firsthand how David answers questions like how to find your real estate tax expert, should you focus on one market or expand into multiple, what are the best real estate books to develop an “investor mindset”, and how do 1099 workers find financing? Regardless of the stage of real estate investing you’re in, all of these questions can help you develop your investing muscle so you can crush bigger deals and keep more of your hard-earned profit.
Have you heard of a real estate investing topic that you want David to go into more detail about? Is there a specific question you want answered by an industry expert? If so, be sure to follow David on Instagram (@davidgreene24) to see whenever he goes live for a Q&A session. Or record your question and submit it here!
In This Episode We Cover:
Accelerated depreciation and using it to substantially lower your tax bill
Finding a real-estate specific CPA that allows you to do more with your current portfolio
The pros and cons of investing in different markets and the strategies for each
Developing your investor mindset and having the courage to act when opportunities present themselves
Dealing with the pressure and stress that comes with investing and leading teams
How to finance real estate investments without having W2 income
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Calculators
Submit your Question for an upcoming Seeing Greene episode!
Biggerpockets Pro Membership
David Greene's Real Estate Team
BiggerPockets Ask your Questions Live
BiggerPockets Podcast
Biggerpockets Youtube Channel
Brandon's BiggerPockets Profile
The Dark Knight Rises
BiggerPockets Money Podcast
Blackstone
Zillow
David's One Brokerage
BiggerPockets Real Estate Podcast on iTunes
Check the full show notes here: https://biggerpockets.com/show577
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The short-term rental market seems to get bigger and bigger every day. This should come as no surprise, seeing that short-term rentals not only work for vacationers, traveling business people, or anyone else who wants a nice, unique place to stay. But, while the rest of the world is focusing on which mountainside chateau they’re booking for their weekend getaway, real estate investors worldwide are figuring out how they can buy, rehab, furnish, and profit from these vacation rental ventures.
With so much competition in the market, it begs the question: is the short-term rental space becoming oversaturated?And, if it is, how can investors get on the ground floor of sleepy markets that will explode in popularity over the next decade or so? Of course, with questions like these, we need our short-term rental and wave-hair-styling expert, Rob Abasolo at the side of Sir BRRRR himself, David Greene.
In this Q&A episode, David and Rob will discuss a handful of topics, mostly centered around short-term and vacation rentals. Topics like: how to mix a long-term rental and short-term rental in one property, how to market outside of the top short-term rental platforms, can you convert a regular rental into a vacation rental, and the pros and cons of real estate partnerships.
In This Episode We Cover:
Buying mixed-use properties so you can combine long and short-term rental advantages
Whether or not the short-term rental market is starting to see saturation
How to adjust cleaning fees to optimize your booking rate
Converting a long-term rental into a short-term rental (and the time it takes to do so)
What to do when you can’t find comps (comparable rents) in your area?
The pros and cons of real estate partnerships and what to do before you join forces
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Rent Estimator
BiggerPockets Forums
BiggerPockets Talent Search
BiggerPockets Rental Property Calculator
BiggerPockets Pro Membership
Airbnb
VRBO
Airdna Rentalizer
BiggerPockets Podcast 453: Live Q&A with Brandon and David: Risk, Partnerships, Inspiration and Opportunity of Real Estate
Julian Gonda's Instagram
Join us for our Q&A Shows and ask your question
Invest With David Greene
David Greene Team
David’s Instagram
David’s BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/show576
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Section 8 BRRRR investing seems like a niche within a niche. To start, you have your classic BRRRR strategy (buy, rehab, rent, refinance repeat), a method that many real estate investors have used to gain vast amounts of equity in short amounts of time. Then, on top of the BRRRR, you have section 8 rentals, which many investors stray away from. Both of these investment strategies can be thought of as “advanced” rental property investing methods, but combining them can almost automatically guarantee you phenomenal rent, for years (if not decades) to come.
One investor known for his expertise in both section 8 rentals and BRRRR investing is Dr. Joe Asamoah. Regularly, Dr. Joe may be the smartest person in the room and he really shines when speaking about the often forgotten benefits of section 8 rentals. While many investors simply think of D-class houses and D-class tenants when accepting section 8 vouchers, Dr. Joe disagrees.
His theory is simple—Find C or D-class properties in B-class neighborhoods, and rent to A-class section 8 tenants. The payoff? Very long-term tenants with guaranteed rent whose lives you can benefit directly. And Dr. Joe isn't just hypothesizing about this—he’s been doing this for decades and may be why he has tenants who have stayed with him for over twenty years, paying rent every month, on time.
In This Episode We Cover:
Before and after photos of Dr. Joe’s most recent section 8 BRRRR rental
Renovation hiccups when doing large renovations/BRRRR deals
The “bedroom-to-cash-flow” ratio that makes section 8 a lucrative choice for investors
How to find the highest quality, long-term tenants in your investing area
Building multiple exit strategies out of one property for maximum cash flow and equity gain
The most common BRRRR risks and how to mitigate appraisal and tenant headaches
And So Much More!
Links from the Show:
BiggerPockets YouTube Channel
BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah
BiggerPockets Podcast 498: Real Deal: BRRRR Deep Dive w/ Joe Asamoah (Pt 1)
Zillow
Craigslist
AffordableHousing.com (formerly GoSection8.com)
David Greene's Instagram David
David Greene Real Estate YouTube Channel
Robert Abasolo's Instagram
Robert Abasolo's Robuilt YouTube Channel
Robert Abasolo's TikTok
Check the full show notes here: https://biggerpockets.com/show575
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
If a housing bubble is on the horizon, how best do real estate investors prepare for the massive hit they’re about to take? With so much money flowing throughout the economy, home prices hitting record highs, and competition staying fierce, what can the average investor do to stock up so when a housing market crash does happen, they’re ready to make big moves? David Greene, may have an answer.
Although many people see David as a real estate fortune teller, he, unfortunately does not bring his crystal ball (unless you count his shiny bald head) onto today’s coaching call episode. Lucky for us, he does bring over a decade worth of knowledge from investing in many different phases of the real estate cycle. David is thrown questions from live guests today, without any preparation or information besides his own knowledge.
Topics on today’s show range from when to buy a primary residence vs. buying a rental property, outsourcing your tasks so you can grow your portfolio, what will happen when interest rates rise this year, housing bubble indicators, and finding honest contractors. If you’re looking to invest in real estate, whether this year or within the next decade, David’s thoughts on surviving and thriving in a housing crash could make you much, much wealthier!
In This Episode We Cover:
Whether to pay rent and buy a rental property or buy your first primary residence
Bridge loans and raising private capital from investors in your network
Enforcing the principles of Who Not How to grow your business faster and smarter
Avoiding the housing market hysteria that many investors are facing today
The leading indicators of a housing market crash (and how to see them before others do)
How to avoid untrustworthy contractors and keep the quality ones around
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Calculators
Submit your Question for an upcoming Seeing Greene episode!
Biggerpockets Pro Membership
David Greene's Real Estate Team
Henry Washington's BiggerPockets Profile
BiggerPockets Ask your Questions Live
BiggerPockets Podcast
Warren Buffet
Bitcoin
Ethereum
XRP
Craiglist
Check the full show notes here: https://biggerpockets.com/show574
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Financial freedom is the “why” behind almost everyone getting into real estate investing—but sometimes not for the right reason. We all want more time to spend with our families, doing things we love, and having autonomy over our own lives without having to worry about making money to live. This is all well and good for investors getting a delayed start on their investing journey, but what about the young investors, the ingenuitive investors, or those who could give so much more than they get?
This is just one of the topics that your hosts David Greene and Henry Washington get into today, as they take live questions from BiggerPockets listeners without any prep, research, or outside factors coming into play. You’re getting a direct line into the mind of two of the best investors (and podcast hosts) around so you can see their struggles, landlording pains, and decisions behind their investing careers.
In this show, we especially get into topics such as: building a real estate portfolio from scratch, non-QM loans and their big benefits for investors, when to stop buying rentals and focus on paying off your portfolio, finding off-market deals, and the classic cash flow vs. appreciation debate for long term wealth. This episode features both rookie investors and investors already seeing success through real estate. If you invest in real estate (or want to), this is the place to be!
In This Episode We Cover:
Investing locally vs. investing out-of-state to capitalize on lower housing costs
Portfolio loans, non-QM loans, and other flexible financing for real estate investments
When to stop buying rentals and pay off the ones you already own
Whether or not to allow rental arbitrageurs to lease your rental properties
Cash flow vs. appreciation and how this personally impacts your growth
How to build relationships with commercial brokers so the deals come to you
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Rent Estimator
BiggerPockets Forums
BiggerPockets Talent Search
BiggerPockets Podcast 366: 40 Doors in the First 2 Years with Henry Washington
ListSource
PropStream - Real Estate Investment Software
Landglide
DealMachine
Airbnb
David Greene Team
David’s Instagram
David’s BiggerPockets Profile
Live Questions
Click here to check the full show notes: https://www.biggerpockets.com/show573
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Do you need to be rich to buy a rental property? Arguably, no. In reality, you don’t need a lot of experience, know-how, or cash on hand to buy your first income property. But, you need to at least be resourceful, take advantage of your opportunities, and have the tenacity to follow through on your goals. If you have all those qualities, you may be a great real estate investor, or maybe you’re today’s guest, Erika Brown.
Erika wasn’t raised by real estate investors. No, this was a skill she had to learn completely on her own. In fact, she learned the real estate sales skill without even knowing it! When Erika moved to a new neighborhood in the Atlanta, Georgia area, she was consistently convincing friends to buy properties around her home. She passed these leads along to a local real estate agent until she realized she was casually handing over six figures in commissions.
So, she went ahead and got her real estate license, and later turned a pocket listing into her first real estate investment. From there, she saw a profitable path laid out, all she needed was the partners, lending, and work to actualize it. Now, Erika is sitting on a sizable real estate portfolio, building purposeful and profitable businesses so she can employ members of her community and lead the wealth generation movement in her circle!
In This Episode We Cover:
When part-time agents should make the jump to full-time work (and how to do it)
Quitting the corporate lifestyle to take on more risk as a real estate investor
Cashing out retirement accounts to fund your first (or next) deal
Getting around common real estate roadblocks that lead rookie investors to fail
Having a “purpose-first” business model so you can build wealth and upgrade your community
Why every investor must “do what the wealthy do” to succeed in real estate
And So Much More!
Links from the Show:
BiggerPockets Website
BiggerPockets Podcast
BiggerPockets Live Q&A
BiggerPockets Conference
BiggerPockets Forums
TEDx Talks: How to Succeed at Doing Anything | David Greene | TEDxRoseville
Airbnb
MLS (Multiple Listing Service)
The Last Dance - A docuseries that chronicles the rise of superstar Michael Jordan and the 1990s Chicago Bulls
Peerspace
Facebook Groups
Check the full show notes here: https://www.biggerpockets.com/show572
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Real estate underwriting isn’t a commonly used term within the residential world. If you’re used to dealing with single-family homes, duplexes, triplexes, or quadplexes, you’ve probably done real estate underwriting to some degree, but you’ve called it “real estate analysis”. In both scenarios, investors are looking at what they’ll make on a deal, how much they need to invest, and what exit strategies they have.
But, in a hot housing market, like we’re in today, by the time you analyze a deal, a deal may already be gone. You need a way to quickly sort deals into the “pursue” or “dump” piles, and Andrew Cushman, expert multifamily investor, may have just the solution for you. Andrew has been on the BiggerPockets podcast before and manages over 2,600 units, so he definitely knows what he’s talking about!
Today, Andrew showcases the phase one underwriting he uses to decide quickly on deals, as well as the four levers to look at before even getting into underwriting. His system can save you hours, or even days, if you’re a full-time investor, and it helps rookie investors quickly analyze deals so they can get into the game. Now, residential owners can transition into commercial real estate with better scale and bigger profits.
In This Episode We Cover:
How Andrew scaled from zero to 2,600 units in only ten years
The basic screening process that allows you to triage your deals and waste less time
Four levers every investor should look at when analyzing a new deal
The six factors of phase one multifamily underwriting and using it to unlock “home runs”
Developing and nurturing broker relationships so you can get off-market deals before your competition
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene
BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman
BiggerPockets Podcast 270: Turning Your Primary Residence Into 40 Units & Financial Independence with Amy Arata
How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman
Hal Elrod's Website
BiggerPockets Calculators
Submit your Question for an upcoming Seeing Greene episode!
CoStar
ESRI
LoopNet
Invest with David Greene
David's Instagram
Check the full show notes here: https://www.biggerpockets.com/show571
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Your rental portfolio can either be your ticket to financial freedom or a massive headache, but it’s completely up to you, the investor, to decide. Many investors who have been stacking up properties over the past few years now realize they’re sitting on a significant amount of equity. But what is the best way to use this equity without raising your stress levels in the process? Should you buy more units or focus on getting better, smaller, cash-flowing deals?
David Greene is here to help alleviate you from the decision-induced stress, as he’s been dealing with these exact types of questions personally and with many of his buyers recently. In this Seeing Greene episode, David takes answers from BiggerPockets listeners both in video and written form, discussing topics ranging from scaling your real estate portfolio, outsourcing “heavy” tasks with a virtual assistant, and whether to cash-out refinance or use a HELOC(home equity line of credit).
David also answers the age-old question of whether or not unit count matters when it comes to cash flow and long-term wealth building. You may be surprised to hear that many investors' “unit counts” don’t accurately reflect the size of their personal holdings. You’ll also get advice on how to find a great real estate agent from one of the top agents in the country!
If you’d like to ask David a question, be sure to submit yours here!
In This Episode We Cover:
How to grow your real estate portfolio in spite of fluctuating market conditions
Using virtual assistants to outsource the repeatable, “heavy” tasks on your plate
When the right time to sell an investment property is (especially with HIGH appreciation)
Transferring a rental property from your LLC into your personal name, and the implications that come with it
The two types of agents and which one you should use for buying investment properties
HELOCs vs cash-out refinances and the specific uses of both
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Rent Estimator
BiggerPockets Forums
BiggerPockets Rental Property Calculator
BiggerPockets Pro Membership
Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder
Submit Your Questions to David Greene
BiggerPockets Podcast 534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off?
BiggerPockets Podcast 513: Seeing Greene: BRRRR 101 – Loans, Deals, & Cash Flow —
BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions
BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate?
BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties
David Greene Team
Click here to check the full show notes: https://www.biggerpockets.com/show570
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
If you’re asking your CPA how to not pay taxes, this may be the perfect episode for you. In fact, this episode is geared towards anyone making money in real estate, and listening could save you a massive amount in taxes over your lifetime. But isn’t tax reduction only for the ultra-rich? How can the average, everyday investor who has one, two, or a dozen rentals keep more of their capital so they can invest in more deals?
Tom Wheelwright is the exact man to ask this question to. He’s so good at what he does, that he’s been advising Rich Dad Poor Dad’s Robert Kiyosaki for decades. Tom is dedicated to minimizing the tax burden that he and other investors suffer from. If you’ve read Rich Dad Poor Dad, a lot of Tom’s strategy will sound familiar, but in reality, it’s what all intelligent investors are doing.
In today’s episode, Tom walks through the biggest areas where real estate investors can cut their tax bills, how to generate losses through depreciation, building an investment system, and the five steps to eliminating income tax from your real estate deals. If you make money in real estate, no matter how, this is information you can NOT live without.
In This Episode We Cover:
Why rich investors pay fewer taxes than those who are employed or self-employed
Tax incentives vs. loopholes and why one is risky and the other is celebrated
Where investors can look to greatly reduce their taxable income
How real estate debt gives investors far less risk in their deals
Deprecation, recapture, and how real estate gives you a leg up on income tax reduction
Whether or not you should hold a real estate investment in an LLC
And So Much More!
Links from the Show:
BiggerPockets Website
BiggerPockets Youtube Channel
BiggerPockets Podcast
BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming
Amazon
Airbnb
Invest with David Greene
The CASHFLOW GAME by Robert Kiyosaki
The Real Estate Strategies Podcast with Ken McElroy: QUITTING Your 9-5 for Real Estate Investing (with BiggerPockets' David Greene)
Ken McElroy's Official Website
Robert Kiyosaki's Official Website
Listen to the full episode: https://www.biggerpockets.com/show569
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The housing market is an evolving beast that almost no one can accurately map. With so many investors on opposite sides of the fence when it comes to housing market crashes and corrections, it’s nice to hear the thoughts of someone who has accurately predicted past crashes. We’re honored to have Ivy Zelman from Zelman & Associates on today to discuss the modern housing market, supply chain shortages, and overbuilding problems.
Zelman accurately predicted the 2007 housing market crash and has been on the front line of analysis and forecasting when it comes to all things housing market-related. She’s seen the data firsthand and has a broad understanding of which factors specifically impact prices, demand, and overall availability. David Greene and Dave Meyer take some time to ask her the top-of-mind questions that investors and first-time homebuyers want answered.
If you’re planning on purchasing real estate in the next year or two, it may be best to get Zelman’s opinion before putting in your offer. She’s seeing multiple “yellow flags” that may signal stark changes within the housing market, either allowing you to scoop up better deals in the near future or at least mitigate loss when buying at these record-high prices.
In This Episode We Cover:
The similarities between the 2007 housing market and today’s housing market
Affordability and how it greatly impacts both buying and selling behavior
The “overbuilding problem” we’re seeing with many multifamily developers
Supply chain problems, labor shortages, and other factors impacting new construction
Who should (and should not) buy real estate over the next couple of years
And So Much More!
Links from the Show
BiggerPockets Jobs
BiggerPockets Youtube Channel
BiggerPockets Forums
National Association of Realtors (NAR)
Cradle to Grave by Zelman & Associates
Zillow
Listen to the full episode: https://www.biggerpockets.com/show568
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The 1% rule, HELOCs, BRRRRs, cash-out refinances, and cash flow are all topics on this episode of Seeing Greene. As always, you’ll be joined by our jiu-jitsu loving, metaphor-creating, top-tier agent and investor, David Greene as he takes questions submitted via video, on YouTube, and through the BiggerPockets forums. With so many new investors getting into real estate, there is no better time than now to sit down, relax, and get into the mind of an expert.
If you’re a rookie figuring out how to get financing for your first real estate deal or a veteran investor debating cash flow vs. appreciation and the usability of the 1% rule, be sure to stick around. David touches on all these topics and more as he dives deep into some of the most asked questions around the real estate community.
You’ll hear about out-of-state investing, the best real estate investment for cash flow, the implications of partnering with a romantic partner, ADUs (attached dwelling units), and how to get around the dreaded six-month seasoning period of cash-out refinances. If you’d like to ask David a question, be sure to submit yours here!
In This Episode We Cover:
Securing financing when you don’t have any deals under your belt
Whether to use a cash-out refinance or HELOC (home equity line of credit) on your next BRRRR
Whether or not triple net lease properties are worth investing in and the risks
Why David changed his stance on cash flow vs. appreciation over the past few years
Whether or not the 1% rule is still viable for modern real estate investors
How to get around the six-month seasoning period of refinances
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Rent Estimator
BiggerPockets Forums
BiggerPockets Talent Search
BiggerPockets Rental Property Calculator
BiggerPockets Pro Membership
Submit Your Questions to David Greene
BiggerPockets Podcast 534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off?
BiggerPockets Podcast 513: Seeing Greene: BRRRR 101 – Loans, Deals, & Cash Flow —
BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions
BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate?
David Greene Team
Click here to check the full show notes: https://www.biggerpockets.com/show567
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How many rental properties do you own? It could be one or one hundred rentals. But, whether you’re a rookie or veteran real estate investor, it’s hard to not be impressed by Jason Rash’s story. Jason has put off investing in real estate for most of his working life, focusing more on passive income streams like investing in stocks. This all changed when Jason saw tens of thousands in stock value disappear from his accounts.
He wanted something more reliable, stable, and calculated that he could control. Of course, real estate investing fits that criteria exactly. So what did Jason do? Did he go and buy one rental, wait a few years, and then try to buy another? Nope. Jason went and bought ten properties over the span of eight months. That more than one property a month within his first year of investing!
Be warned, there is a method to this madness. Jason has a tight control on his long-distance investing, having only the best agents, property managers, plumbers, electricians, and contractors on speed dial. This wasn’t a system he fell into, this was a system he intentionally built. Jason shares his six-part criteria that any new investor can use, especially when trying to minimize headaches and maximize cash flow.
In This Episode We Cover:
The huge competitive advantage of having local knowledge and a core four
Lowering your property management fee while creating a win-win for both parties
Seller credits and using them to finance house repairs and upgrades
Fighting off “shiny object syndrome” so you can stay focused on your goal
Jason’s six-step criteria to buy headache-free houses when investing from a distance
Building a scalable, repeatable, simple system for finding, funding, and closing on great deals
And So Much More!
Links from the Show:
BPCON2021
Zillow
TEDx Talks: How to Succeed at Doing Anything | David Greene | TEDxRoseville
Airbnb
BiggerPockets Website
David Greenes's Instagram
Grant Cardone's Website
Check the full show notes here: https://www.biggerpockets.com/show566
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Analysis paralysis is always lurking. Even the most experienced investors feel it before they pull the trigger on a new deal, business, or strategy. It’s not to say that careful consideration of an investment isn’t a crucial requirement to success, but the mental stuttering we feel when trying to make a decision can leave us in a foggy stupor. When we feel like this, we do fewer deals, build less wealth, and live our lives half full.
Kindra Hall, bestselling author, master storyteller, and real estate investor knows this feeling all too well. She watched her husband struggle with analysis paralysis during the mass foreclosures of the great recession. Thankfully, she and her husband took the time to catch, analyze, choose, and install a better outlook, or story, for their investing future. This type of mental mechanism allowed Kindra and her husband to grow their real estate holdings and buy the beach house of their dreams.
In today’s episode, Kindra outlines the four steps every investor needs to go through to create better mental stories that will push you to the finish line, instead of keeping you in investing anxiety. If you’re still waiting to purchase your first investment property, we recommend taking this advice to heart, trying it out, and taking action!
In This Episode We Cover:
The stories we outwardly and inwardly tell ourselves that could hurt our success
How to crush hesitation so you can make the right decision faster
Shrinking limiting beliefs about what we can and can’t do
The four-step process to redesigning your story and installing a new one
How Kindra got a $1M+ beach house for well under asking price
And So Much More!
Links from the Show
BiggerPockets Jobs
BiggerPockets Youtube Channel
BiggerPockets Forums
Airbnb
Holmes on Homes (TV Series)
Craigslist
Amazon
Barnes and Noble
Robert's Youtube Channel
Robert's Instagram
Robert's TikTok
David's Instagram
Seth Godin's Website
Check the full show notes here: https://www.biggerpockets.com/show565
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Bad tenants? Funding hiccups? Scaling too fast? These are just some of the problems real estate investors have to deal with every day. What’s the prize for all this work? Financial freedom, personal fulfillment, and the time to do what you want, with who you want, wherever you want! It’s no surprise that real estate investing is one of the best ways for the average person to build wealth. But what do you do when things go wrong?
Expert investor, agent, lender, and podcast host, David Greene, is joined by short-term rental pioneer and YouTube personality, Rob Abasolo, to answer questions from rookie and veteran investors. These questions are thrown at our experienced hosts without any prep, allowing them to come up with quick solutions that could answer a question you’ve been wishing someone would ask.
David and Rob touch on topics that almost every investor will deal with, such as: how to take on private money for the first time, creative ways to fund your rehab, tips for setting up a short-term rental, when to quit your job and pursue real estate full-time, and how to get rid of headache tenants.
In This Episode We Cover:
Should you own real estate in an LLC or in your personal name?
How to legally (and ethically) raise private capital for real estate deals
The best ways to fund a rehab, especially when you’re low on cash
The biggest mistake that short-term rental hosts make when setting up their first rental
Valuing your time vs. money and when to quit your W2
Inheriting tenants and what to do when renters won’t pay on time (or at all)
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Rent Estimator
BiggerPockets Forums
BiggerPockets Talent Search
BiggerPockets Rental Property Calculator
BiggerPockets Pro Membership
Submit Your Questions to David Greene
David Greene Team
David’s Instagram
David’s BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/show564
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Long-distance investing may sound like an impossible feat to achieve for many investors. What if something goes wrong in the house? What if something needs fixing? What if there are problems with tenants? As today’s guest Sarah Weaver puts it, “do nothing”, your core four can handle it all so you don’t have to stress.
Sarah knows what she’s talking about—she’s been a nomadic landlord for years now, teaching agents and investors how to grow their businesses while living their dream life. Sarah was able to close on twelve units while operating abroad and working remotely. She was buying fourplexes while hiking in New Zealand, landlording while on the beaches of Bali, and growing her businesses while enjoying everything South America had to offer.
Sarah embodies the exact type of life so many investors are looking for. The difference between most investors and Sarah? She let go of fear and kept her goals in mind, no matter what she was doing. This way, she’s been able to retire off of fifteen rental properties in less than a decade while running her own business, traveling, and really doing whatever she wants!
In This Episode We Cover:
Really long-distance investing and how your boots on the ground team make it possible
How to find an investor-friendly agent that will provide big value to your business
What agents need to know before they start working with real estate investors
Having a crystal clear criteria and using it easily find real estate deals
Medium-term rentals that provide less risk and more rent than long-term rentals
The long-distance BRRRR and using it to invest in affordable areas
Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder
And So Much More!
Links from the Show:
BiggerPockets Website
BiggerPockets Forums
Keller Williams Website
Airbnb
VRBO
Facebook Marketplace
Furnished Finder
Aria Design Services
Hospitable (formerly Smartbnb)
Personal Capital
AirDNA
BPCON2021
How to Use the DISC Profile to Communicate Effectively in Business , an article by David Greene
Robert Abasolo's Instagram
Robert Abasolo's TikTok
David Greene's Instagram
Craig Curelop's BiggerPockets Profile
Matt Faircloth’s BiggerPockets Profile
Check the full show notes here: https://www.biggerpockets.com/show563
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
“How to invest in real estate?” is a commonly searched-for term across the internet. With home prices continuing to climb and inventory staying low, more people want to know how it’s possible to buy real estate in turbulent times like 2022. It’s no surprise there’s been an uptick in investors—real estate offers consistent, reliable returns, paired with big tax benefits and the ability to scale with ease.
But don’t you worry, we’re not going to make you go through all the trips and stumbles uneducated investors have to face. David Greene, host of the BiggerPockets Real Estate Podcast, has made these mistakes for you, so you can achieve financial freedom faster and with less stress.
David shares eleven powerful tips that you can use to make 2022 your best investing year yet! He also provides examples from his own investing career on what you should (and should not) do when getting your footing in the investing world. If you pair this information with daily consistent action, you’re in for a phenomenal 2022 (and beyond)!
In This Episode We Cover:
Eleven powerful tips to make 2022 the best investing year ever
Why new year’s resolutions don’t always work, plus a better way to set goals
The three keys to success in real estate, life, and business
Building out your LAPS funnel so you always have deals coming in
The best real estate investing tools that you should take advantage of
A special discount off BiggerPockets Pro just for listeners of this episode
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
David Greene Team
Biggerpockets Pro Upgrade (Code: REPOD1)
BiggerPockets Pro Exclusive Videos
Hustle & Persistence To Build Wealth Through Real Estate | BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene
BiggerPockets Store
Webinar Slides
Webinar Workbook
Real Estate Investing Bootcamps
BiggerPockets's Instagram
BiggerPockets Investment Calculators
Foreclosure.com
AirDNA
Airbnb
Email: support@biggerpockets.com (for refund)
Check the full show notes here: https://www.biggerpockets.com/show562
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
House hacking, renting by the room, co-living, boarding houses? These are all things that author, investor, real estate agent, and expert hacker of houses, Craig Curelop, is used to. Craig got his start in real estate investing by renting out rooms in his own home, having his roommates pay his mortgage for him, and eventually skating on to financial freedom.
Craig is joined by another familiar expert house hacker and real estate investor, David Greene, to answer questions around lending, leases, and the legality of raising private money. With so many new real estate rookies in the investing sphere, this episode is a great intro for anyone who’s looking to plan, start, or scale their next real estate investment.
Craig and David fire from the hip in this episode, answering questions live with topics ranging from scaling your business while keeping your free time, refinancing on a shared boarding house, raising private capital (equity vs. debt), what to expect when you house hack, and how to rent out your home in the snowy winter.
In This Episode We Cover:
Establishing your “beachhead” as an investor, business owner, or real estate agent
Strategizing your refinance when your home is less than conventional
How much interest to promise investors and when to raise capital
Planning your house hack purchase and setting up your home for multiple roommates
Precautions to take when renting out your home in the winter
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Rent Estimator
BiggerPockets Forums
BiggerPockets Talent Search
BiggerPockets Rental Property Calculator
BiggerPockets Pro Membership
Submit Your Questions to David Greene
David Greene Team
David’s Instagram
David’s BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/show561
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Co-living (coliving) may sound a bit scary at first to a landlord. You have a bunch of young professionals living under one roof. What if there is an argument over cleaning, what if there is a fight that breaks out, will my property be ripped to shreds? Let today’s guest, Sam Wegert, quell your fears—co-living and house hacking can rake in cash flow, with way less of a landlord headache.
Sam is no stranger to entrepreneurship and real estate investing. He bought his own martial art studio at the age of fifteen and his first rental property at nineteen years old. Now he boasts a portfolio of over twenty-two long-term rentals, ten short-term rentals, seven martial arts studios, and one online program. Even more impressive, Sam is managing over 150 different tenants throughout his thirty-two properties.
How does he do this without ripping his hair out? Well, aside from the relaxation that comes after an intense sparring match, Sam has systematized his real estate business into a cash-producing machine. He has had to build his own property management and his own policies that help keep him, and his tenants, happy. If you’re looking for your next cash cow rental investment, this could be it!
In This Episode We Cover:
Starting a business and buying property at an impressively young age
House hacking and why every young investor should try it
Keeping the peace in a co-living house and building a bullet-proof lease
What to look for when buying co-living properties (size, bedrooms, bathrooms, etc.)
The systems Sam uses to keep his rental property business running smoothly
Developing discipline to take on bigger, scarier challenges (and crush them!)
And So Much More!
Links from the Show:
BiggerPocket's The Ultimate Beginner's Guide to Real Estate Investing
BiggerPockets Youtube Channel
Craigslist
BiggerPockets Youtube: BRRRR and Rent by the Room: Retire from Real Estate with few properties with Ron Gallagher
GoBundance
PadSplit
Apartments.com
Salesmate
Zillow
MLS (Multiple Listing Service)
BiggerPockets Podcast 392: $12,500 per Month in ‘Pure Cash Flow’ With Todd Baldwin
BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn
The Tony Robbins Podcast
Craig Curelop's Instagram
Craig Curelop's Tiktok
David Greene's Instagram
Check the full show notes here: https://www.biggerpockets.com/show560
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Real estate CRMs (customer relationship management) aren’t the most exciting things to talk about…that is until you look at the results they help build. Before building her own CRM, Stephanie Betters was struggling to grow her real estate portfolio. She had an original goal to acquire fifteen units before her children went to college, but realized that her taxing job as a nurse wouldn’t allow it. For her to hit fifteen units, she would have to scale, automate, and delegate tasks.
She did just that and overshot her goal by a significant margin. As of now, Stephanie has 1,000 rental units and is wholesaling and building another 200 deals per year. She’s doing all of this while working as a part-time nurse, which truly shows her real estate system is a well-oiled machine. But, this system wasn’t just dropped into her lap, she had to build it herself using Salesforce as a base.
If you’ve been thinking about scaling your business, no matter what stage you’re at, Stephanie has recommendations for how to do so in the best way possible. This includes systems for the novice investor/house hacker up to the streamlined syndicator and everything in between.
In This Episode We Cover:
Incorporating “real estate tech” at each stage of your investing journey
Using CRMs like salesforce to automate your entire business
Hiring, training, and leading a team of virtual assistants (foreign and domestic)
“Lead leakage” and how it could be costing you thousands every month
The three most important KPIs every investor should be tracking
Text, email, and other outreach-type automations that will save you time
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Business Podcast
Zillow
Google Sheets
Zapier
David Greene Team
Podio
Asana
BiggerPockets Business Podcast 80: Turning Problems Into New Income Streams With Stephanie Betters
Salesforce
DocuSign
Slack
Redfin
BiggerPockets Calculators
Realtor.com
Left Main
Blinkist
Craig's BiggerPockets Profile
Check the full show notes here: https://www.biggerpockets.com/show559
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Cash flow is arguably the most important metric in real estate investing…that is if you’re talking to novice investors. Expert investors, like David Greene, know that cash flow is but one of many factors to consider when buying a rental property, and it’s arguably the least important. While rookie investors focus on building their cash flow, veterans focus on building their wealth while freeing up their time.
On this week’s episode of Seeing Greene, your jiu-jitsu and real estate sensei is back to drop some wealth-building bombs so you can work less, live more, and lead a happier life. David takes questions in the form of video submissions as well as questions off of the BiggerPockets forums. The topics of these questions range from HELOC (home equity lines of credit), buying rentals without a W2, cash flow vs. appreciation, and why rent appreciation isn’t matching home appreciation.
Want to ask David a question? Send in your video submission here!
In This Episode We Cover:
When to use HELOCs, hard money loans, or conventional loans to buy rentals
How to find financing for a rental when you don’t have W2 income
What sellers look for when deciding on which offer to take
How to lower your DTI (debt-to-income) ratio so you can qualify for more loans
Whether or not to focus on cash flow or appreciation for long-term wealth building
Why rent growth cannot and will not match home price appreciation
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Rent Estimator
BiggerPockets Forums
BiggerPockets Talent Search
Submit Your Questions to David Greene
David Greene Team
BiggerPockets Podcast 534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off?
BiggerPockets Podcast 513: Seeing Greene: BRRRR 101 – Loans, Deals, & Cash Flow —
BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions
Click here to check the full show notes: https://www.biggerpockets.com/show558
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Raising capital for real estate investing is a far more useful skill than most people realize. If you have a strong knack for networking and the social skills to connect with many different individuals, you could be the exact piece that almost every investor is looking for. As more investors get into the hot commercial real estate market, they’ll need private capital to fund their deals. So who better than you to connect the investor and the deal finder for a piece of the cash flow pie?
If you’re worried about the time commitment of raising capital, let us introduce you to Esther Reizes-Lowenbein, who not only worked as a broker, capital raiser, and investor but also is raising her eight children while doing it. Fortunately for Esther, raising capital is something she loves to do, as she has a strong communication background with her former training in speech pathology.
If you’re getting the itch to start investing in bigger deals, but don’t know how to get started, Esther can help. She walks through the different roles in commercial real estate, whether to invest, syndicate, or stick with small deals, and how to become a capital raiser yourself (the right, legal way).
In This Episode We Cover:
General partners, limited partners, and every commercial real estate role in between
Whether to invest, syndicate, or continue to buy small deals yourself
How to legally (and ethically) become a great capital raiser
The biggest mistakes commercial brokers make early into their career
The hottest property types and which you should look into for 2022
The Achilles heel of most short-term rental deals
And So Much More!
Links from the Show:
BiggerPockets Forums
BiggerPockets Podcast 518: The Biggest Takeaways from BPCon 2021 | Live Host Panel from NOLA
BiggerPockets Podcast 366: 40 Doors in the First 2 Years with Henry Washington
BPCON2021 - New Orleans
Airbnb
Henry Washington's Instagram
David Greene's Instagram
Check the full show notes here: https://biggerpockets.com/show557
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
If you’re rehabbing a rental, performing a BRRRR, building an ADU, or even getting into new construction, now is a challenging time for you. With supply chain problems, limited materials, and all-time high housing prices, contractors are in low supply. Even when you do schedule a project, the likelihood of your contractors showing up on time can be slim at best.
David Greene is back with another round of coaching calls to give his take on this current contractor crisis, as well as answer questions on the BRRRR strategy, the turnkey rental method, going over budget, and how to stay focused when investing. If you’ve struggled at all with anything related to calculating rehab budgets, liens on properties, and managing contractors yourself, be sure to write down David’s suggestions.
Have a question about real estate investing you want to ask David? Want to help other investors in your position? Submit your question here!
In This Episode We Cover:
Whether or not the turnkey rental model is built to scale your portfolio
Why capital is crucial when investing in real estate over the long-term
Breaking down the BRRRR strategy and walking through the more difficult steps
What to do if your rehab job goes over budget (and how to make it a win!)
Backing out of a contract when a lien has been placed against a home
Where (and how) to find reasonable, timely, and available contractors
And So Much More!
Links from the Show
BiggerPockets Forums
Submit Your Questions to David
Open Door Capital
BiggerPockets Facebook Group
David Greene Team
Real Estate Rookie Podcast
BiggerPockets Youtube Channel
David's Instagram
Check the full show notes here: https://biggerpockets.com/show556
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
If you’ve got real estate investing questions, David Greene and Henry Washington have answers. These two real estate investors have been through the good times and the bad times, dealing with dozens of tenants, plenty of 2 AM maintenance calls, and all the fun that comes along the way. Today, they open up their minds to help share answers to some of the most asked real estate questions.
These questions were taken directly from real estate investors, just like you! You’ll get to hear exactly how David and Henry answer tough questions like these, on the spot, with no preparation. If you’ve been itching to ask a question to a high-level investor like David or Henry, stick around, as they might answer your question on today’s episode!
Want to ask a question next time? Submit yours at biggerpockets.com/david!
In This Episode We Cover:
How to buy properties in an expensive market (and still cash flow!)
Whether or not you should convince a seller to owner-finance you a deal
Saving up down payments vs. using HELOCs (home equity lines of credit) to purchase your deals
When the right time to jump into real estate is (and how much you should have saved)
Whether or not you should buy a house that’s on a septic tank
How to finance more properties when you’ve personally maxed out your DTI (debt-to-income ratio)
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Rent Estimator
BiggerPockets Forums
BiggerPockets Talent Search
Submit Your Questions to David Greene
David Greene Team
David’s Instagram
David’s BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/show555
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Profitable on-market properties are all around you, you just need to take the time to look. Oh, we hear what you’re saying, “all those on-market properties are bad deals!” While not all properties sitting on the MLS are home runs, today’s guest Cody Davis can confirm there are multiple cash flowing needles in the public housing market haystack.
Cody and his partner have been able to grow their portfolio to eighty-one units, all through seller financing and all found on-market. These deals not only cash flow but once paid off will allow Cody to retire not only himself but his mother as well. Did we mention that he’s twenty-one years old at the time of this recording? Another under-thirty-expert to add to our list of impressive guests!
While many investors give up after initial pushback over seller financing, Cody goes one step further by having the investor emotionally invest in his success. No tacky sales methods or pushy conversations—just honest work with a clear vision that a seller can relate to. Cody is top of his class in terms of managing properties, acquiring new ones, and working with sellers—a guest ANY investor can learn a lot from!
In This Episode We Cover:
Picking yourself up after a deal falls apart and finding another
“Relationship marketing” and how it helps sellers finance your acquisitions
Raising private capital and being sure your cash flow outweighs your debt
Having a crystal clear vision and using it to fuel all your acquisitions
Managing a property in-house vs. hiring a third-party property manager
Why cap rate may be an over-hyped, often useless metric when looking at commercial real estate
Finding real estate deals on-market when there are “no deals to be found”
And So Much More!
Links from the Show:
BiggerPockets Youtube Channel
BiggerPockets Rent Estimator
BiggerPockets Forums
MLS (Multiple Listing Service) Website
LoopNet
The Office (TV show)
The Office Parkour in YouTube
AppFolio Property Management
Tiktok
Click here to check the full show notes: https://www.biggerpockets.com/show554
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
It’s the new year, and that means it’s time for 2022 housing market predictions! Recently, Redfin compiled a list of their ten top 2022 housing market predictions ranging from things like interest rate bumps, to rent hikes, housing price cooldowns, and more. But, are these predictions realistic, and if so, how should investors prepare for them to come true?
David Greene and Dave Meyer are back again to take a look at five of these ten predictions and give their informed, battle-tested opinions on which have the potential to come true. Dave has spent probably every day of the past year looking at housing market data and investing himself. David on the other hand has been running multiple businesses in the real estate vertical, allowing him to see directly what is happening in the market.
With the Dave-duo back in the podcasting saddle, you’ll be able to make wiser investment decisions this year while following the “pendulum swing” of wealth-building in real estate!
Have a happy, healthy, and wealthy 2022!
In This Episode We Cover:
What happens when interest rates start to rise in 2022?
Will new listings hit a 10-year high as housing demand stays steady?
What will rent hikes look like as inflation roars onward?
Whether or not investing in condos could be the underrated real estate play of the decade
Investing in the metaverse and buying virtual real estate
Hedging inflation by making smart, informed real estate purchases
And So Much More!
Links from the Show
BiggerPockets Forums
Redfin
Submit Your Questions to David
Dave Ramsey's Website
BiggerPockets Podcast on Apple
The Big Short
Minecraft
Second Life
Decentraland
Sandbox
Email Us: podcast@biggerpockets.com
David's Instagram
Check the full show notes here: https://www.biggerpockets.com/show553
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
2022 goals are coming upon us. If you haven’t done so already, it may be a great time to sit down alone, with your partner, or with other fellow investors to come up with a rock-solid game plan for this next year. We all want toacquire more units, see higher appreciation, and rake in more cash flow, but without a system and plan to catapult momentum, it’ll be hard to achieve what we dream of.
That’s why David Greene, your new head host of the BiggerPockets Podcast, is here to help you build smart, scalable, accomplishable goals so you can crush 2022 and beyond. David also invites fellow investors, business owners, and entrepreneurs onto the show to have a live Q&A about running a business, cash flow vs. appreciation, developing an investor mindset, dealing with past goals you haven’t accomplished, and accelerating your portfolio growth.
In This Episode We Cover:
David’s 2022 investing, business, and personal growth goals
How to not get bogged down in the day-to-day of your business
Keeping up the momentum throughout the year and celebrating small wins
Where to invest if you’re looking for long-term cash flow
What to do if you don’t hit your goals in 2022?
How to grow your portfolio and build capital to tackle more deals
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Youtube Channel
BiggerPockets Talent Search
Submit Your Questions to David Greene
David Greene Team
Click here to check the full show notes: https://www.biggerpockets.com/show552
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Brandon Turner has been an essential part of the real estate investing community for almost a decade. Some could say that he is THE person most thought of when you say “real estate investing”. But, in a both sad and happy way, Brandon is taking time off from the BiggerPockets Podcast to spend more time with his family, build his business, and surf significantly more.
Due to the magnitude of the occasion, we brought in BiggerPockets’ founder, Joshua Dorkin, to help hand off the keys to the castle to your new show host, David Greene. Brandon, David, and Josh spend this show talking about burnout, identity, the cost of comparison, wealth building, new year's resolutions and goals, and how to become a better person, bit by bit, every day.
We will miss hearing Brandon’s metaphors, jiu-jitsu references, and real estate horror stories from years ago, but we wish him the best of luck on his new ventures and hope to hear him back on the podcast soon with an update. For everyone but Brandon, stick around for new show formats with brand new co-hosts and content that you, the BiggerPockets community, have been asking for.
In This Episode We Cover:
Why burnout can be dangerous and often deceiving on your journey to success
Separating your identity from your occupation and being more than just an investor
The cost of comparison and why being content is the ultimate sign of success
The “Wheel Of Life” practice to help you analyze where you are lacking
2022 goal setting and resolutions, and whether or not they work
Advice on podcasting and taking the reins from Brandon Turner and Joshua Dorkin
And So Much More!
Links from the Show:
BiggerPockets 2022 Wheel of Life
BPCON 2021
Hustle & Persistence To Build Wealth Through Real Estate | BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene
BiggerPockets Podcast 421: Family Over Everything: How Life Forced BP Founder Joshua Dorkin to Reevaluate His Choices
BiggerPockets Podcast 092: No (and Low) Money Down Real Estate Investing with Brandon Turner
BiggerPockets Bookstore
Zillow
Tiktok
Uber
Open Door Capital
Derek Sivers' Website
The 'Birds Aren't Real' Conspiracy Movement
GoBundance
Live with Kelly and Ryan
Check the full show notes here: https://www.biggerpockets.com/show551
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Tommy Christy has bought more homes than most investors you know combined. While he didn’t have to put up his own money to close on the deals, he did go through the process of lead generating, offering, auctioning, analyzing, and finally closing on them for his hedge fund employer. He was able to score twenty-seven hundred homes in just over two years, before realizing it was time for him to build his personal portfolio a bit more.
When the market crashed in 2009, Tommy saw an opportunity to buy homes at a significant discount. He was essentially buying anything under sixty thousand dollars in California, which turned out to be a good idea seeing how much the state has appreciated in the past twelve years. Tommy knows what it takes for the hedge funds to buy a great deal, but he also knows what they’re overlooking.
Even if you’re not planning on buying two-thousand plus units in two years, Tommy’s knowledge of “buy boxes” and systematizing your lead flow can help you reach a significant unit count, much faster. If you want to partner up on a deal, have a chat, or wholesale a home, get in touch with Tommy at tommy@ilovehouses.com!
In This Episode We Cover:
REOs vs. foreclosures vs. pre-foreclosures (and which you should look out for)
Creative financing and understanding which type falls into which market cycle
Developing your “buy box” and “crystal clear criteria” for real estate deals
Thinking like a hedge fund so you can beat them at their own game
How to scale your portfolio so you don’t just have more units, but less work
Where to find the best lead sources so you can buy, BRRRR, or wholesale as you see fit
And So Much More!
Links from the Show
BiggerPockets Forums
GoBundance
Zillow
David Greene's Company
BiggerPockets Show 551 with Josh Dorkin
Wells Fargo
Property Radar
BiggerPockets Youtube Channel
BiggerPockets Podcast 527: 300 Doors, 100% Creative Financing with Pace Morby
Sacramento Bee
Invitation Homes
Zillow
Open Door Capital
BiggerPockets Podcast 543: 5 Tools To Unlock Your “Ideal Life” w/ “Traction” Author Gino Wickman
Josh Dorkin
BiggerPockets Podcast 325: From Major Business Failure to Buying 20 Houses a Month With Aaron Amuchastegui
Jeff Brown's BiggerPockets Profile
Supermarket Sweep
Check the full show notes here: https://www.biggerpockets.com/show550
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Maria Friström is an investor, designer, mother, and business owner from Finland, and she’s one of the only few people that can match Brandon Turner in height. Maria was working in Silicon Valley before she voluntarily left her position to build an empire of her own. She took her down payment savings for a primary residence and on a whim bought a rental property in Fort Collins, Colorado.
She and her husband then decided to move to Finland to raise their children. Through some challenging life events, Maria was left heartbroken and grief-stricken, with a business that became a full-time job for her. She wanted to express her creativity via design, so they decided to move back to America to flip their first rental property in Colorado.
Maria’s inspiring story is a testament to how real estate investing can pull you out of financial, emotional, and mental depths. She has built a real estate empire worth well over two million dollars and has the financial freedom to spend time where she wants, with who she wants, doing what she wants.
In This Episode We Cover:
How to build your real estate portfolio without building yourself a job
Using real estate as a hedge against high taxes
Presenting investment opportunities in a professional, efficient way
Healing after heartbreak and using your passions to bring you mental clarity
The 4 keys to raising capital for real estate investing (whether it be banks, private money, etc.)
Why you should always be willing to eat the shiz sandwich
And So Much More!
Links from the Show
BPCON2021
BiggerPockets Real Estate Podcast
BiggerPockets Talent Search
BiggerPockets on Audible
BiggerPockets on Twitter
BiggerPockets Forums
BiggerPockets Youtube Channel
BiggerPockets Pro Membership
Brandon Turner’s Instagram
David Greene’s Instagram
Open Door Capital
BiggerPockets Podcast 485: Atomic Habits That Help You Achieve Unthinkable Success w/ NYT Best Selling Author James Clear
How to Retire Early With Real Estate & Do What Matters More with Chad Carson
How to Use the DISC Profile to Communicate Effectively in Business
Click here to check the full show notes: https://www.biggerpockets.com/show549
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Your real estate partnership may be closer than you think. Maybe it’s that seller you’re talking to on craigslist, maybe it’s your home appraiser, or maybe it’s someone you meet at a sketchy real estate investing company. Mike Nuss and Tyler Combs never planned on becoming partners when they linked up to discuss a potential sale of a property. But, when fate put the two together again in the same company, they decided to split off and use their complementary skill sets to build a real estate empire.
Mike brought the acquisitions and property management side to their business, while Tyler focused on managing and selling flips. Together they brought the rocket fuel of profit and cash flow to their growing business. Now, they’ve acquired more than eighty units and aren’t planning on stopping any time soon.
Mike and Tyler built their business on the back of strong investor relationships, truthful and honest work, and the ability to find seller finance deals. With the combo of creative financing, marketing, and hard work, they’ve become real estate leaders in their area with an expanding portfolio, team, and strategy.
In This Episode We Cover:
How to vet someone who’s raising capital for a real estate investment
Combining flips and rentals to maximize growth in real estate
Using seller financing to acquire more units with less money upfront
Creative financing options like subject to, raising private capital, and more
“Land Banking” and using it to set up your portfolio for future success
Becoming a master in your field and going a mile deep on your strengths
And So Much More!
Links from the Show
BPCON2021
BiggerPockets Real Estate Podcast
BiggerPockets Talent Search
BiggerPockets on Itunes
BiggerPockets on Audible
BiggerPockets on Twitter
BiggerPockets Forums
BiggerPockets Youtube Channel
BiggerPockets Pro Membership
Brandon Turner’s Instagram
David Greene’s Instagram
Open Door Capital
BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan
BiggerPockets Podcast 297: Mastering the Decision-Making Process with Business (and World Series of Poker) Champion Annie Duke
Click here to check the full show notes: https://www.biggerpockets.com/show548
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Buying and selling real estate portfolios isn’t what Omni Casey was raised to think about. As a middle child in a large family, Omni was never given the “investing talk” and was often surrounded by people who thought landlords were greedy. But, Omni had the entrepreneurial spirit, and through trial and error, found real estate investing to be the most reliable, practical, scalable, and fun business around.
He started with a single “condotel” in his native state of Hawaii before branching off into out-of-state investing. For most of the past two decades, Omni never spoke about his investing career to those outside of his immediate family. It wasn’t until recently that he started the “Cash Flow Breakfast Club” for agents in his brokerage to talk about investing, financial freedom, and generational wealth.
Now, with over one hundred properties, Omni is on a mission to purchase fifty-two properties in fifty-two weeks! Although it’s not the end of the year just yet, we’re quite confident that he and his team will successfully cross the finish line.
In This Episode We Cover:
How to get into real estate when your family doesn’t openly talk about money
Finding a mentor and using their expertise to propel you forward
Purchasing real estate in expensive markets and when to value appreciation over cash flow
The questions to ask a potential property manager in a new market
Buying and selling real estate portfolios to create a win-win for both parties
2022 market predictions and why you shouldn’t depend on today’s political environment
The “Cash Flow Breakfast Club” and Omni’s new book
And So Much More!
Links from the Show:
BPCON2021
BiggerPockets Real Estate Podcast
Cashflow Board Game
Click here to check the full show notes: https://www.biggerpockets.com/show547
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Adversity tends to breed ingenuity and genius. More often than not, smart and capable individuals will find a way to use their hardships as fuel to build something better. This is exactly what house flipping, wholesaling, and rental property-owning partners Noah Evans and Jeff Fawson did.
Noah and Jeff were both following different paths to real estate success, taking on apprenticeships under investors who had already made it big. It wasn’t until Jeff was doing some work on Noah’s house that the two began talking, realizing they had the same type of past conflicts and saw each other’s strengths as their own weaknesses.
Now, they’re building a systematized, scaling real estate business, operating in multiple markets, and bringing in not only flipping and wholesaling profits but generational wealth-building cash flow. Noah and Jeff discuss how they research markets for investing, systematizing fix and flips down to a point-by-point checklist, and how to make networking beneficial (instead of a drag).
In This Episode We Cover:
Using your past struggles to fuel your future success in real estate and life
Networking in a way that truly adds value to other investors’ lives
Finding a partner who matches your weaknesses and struggles in your strengths
How to identify and research a new market for real estate investing
The systems and tools that Noah and Jeff use to run their scalable business
Paying attention to personal progress, instead of the dollar amount on a deal
How ripped BiggerPockets founder Josh Dorkin has become
And So Much More!
Links from the Show
BiggerPockets Talent Search
BiggerPockets on Itunes
BiggerPockets on Audible
BiggerPockets on Twitter
BiggerPockets Forums
BiggerPockets Youtube Channel
BiggerPockets Pro Membership
Brandon Turner's Instagram
David Greene's Instagram
Open Door Capital
GoBundance
Chasing Freedom Website
Click here to check the full show notes: https://www.biggerpockets.com/show546
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Sergio Altomare didn’t start out investing in self storage. He made a massive leap, making lots of mistakes along the way until he found this gold mine of an asset class. For years, Sergio was buying small multifamily properties, one of them being a “monster house” which he later had to sell due to some serious zoning issues. Once he was introduced to syndications, he knew he could take his portfolio higher, without the headaches of large multifamily.
Now, Sergio has twelve self storage facilities, with a combined valuation of close to $40M. He’s been able to increase his equity by many, many millions with simple value-add strategies like increasing rent, paving parking lots, and installing key-accessible gates for his customers. This isn’t the regular value-add you’re used to with granite countertops and freshly tiled showers; self storage value-add can be minimal with massive results.
Sergio also dives into his long-term exit plans—something every investor should be thinking about. Are you planning on selling your properties one by one to the highest bidder, or will you package them up and walk away with a huge payday?
In This Episode We Cover:
What a multifamily “monster house” is and why you should avoid them
Zoning laws and how they can affect your long-term profit
The pros and cons of investing in self storage facilities
What to look for in self storage facilities and other types of commercial real estate
How to raise money for your deals (even if you’re a new investor)
Defining your exit plan so you can walk away rich after building your portfolio
And So Much More!
Links from the Show:
BiggerPockets Talent Search
BiggerPockets on Itunes
BiggerPockets on Audible
BiggerPockets on Twitter
Facebook Ads
Google ads
Radius Plus
U-Haul's Facebook page
Blackstone
Open Door Capital
Bird-in-Hand Self Storage
The Real Estate InvestHER Facebook Community
GoBundance
Hearthfire Self Storage
BiggerPockets Podcast 388: The 7-Step “Playbook” for Scaling Your Real Estate Business With AJ Osborne
BiggerPockets Podcast 286: $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ Osborne
Paul Moore's BiggerPockets Profile
Ashley Wilson's BiggerPockets Profile
Liz Faircloth's BiggerPockets Profile
Check the full show notes here: https://biggerpockets.com/show545
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Cameron Herold developed the “Vivid Vision” format years ago, allowing not only him but other high-level business leaders to peek into the crystal ball of their futures. This vision doesn’t magically come true once you write it out, but mysteriously, those who craft a "Vivid Vision" accomplish, if not exceed, their goals for the future.
No one is more deserving of a call with Cameron than J.B. Klein, our winner of BPCon 2021’s coaching call giveaway. J.B. scaled quickly over the past year to hit a respectable unit count, but he’s feeling traction slip out from under his feet. J.B. wants to ensure that his business is set up to grow if he intends to acquire many multiples of his current portfolio.
To that end, JB crafted a Vivid Vision, and a team of copywriters at Conscious Copy helped turn it into a masterpiece!
This call between Cameron and J.B. is a massive resource to anyone investing in real estate, regardless of business size or experience. Cameron is a highly sought-after business coach and he makes clear, direct points that any listener of The BiggerPockets Podcast can take and expand upon to make their lives more fulfilling.
In This Episode We Cover:
How to craft your three-year “Vivid Vision” of a future business
Describing and defining your why behind business growth, passive income, and freedom
Building strong relationships with your team, partners, and investors
Minimizing anxiety and sleepless nights as a stressed-out leader
Delegating any task that doesn’t include your “genius”
Setting up the core values of your business and sticking to them
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
Conscious Copy (Vivid Vision Copywriting Team)
Open Door Capital
BPCon 2021
Keller Williams Realty
1-800-GOT-JUNK?
Invest in Your Leaders Course
The Second-in-Command Podcast
Harley-Davidson
David Osborn's Personal Website
JB's Vivid Vision
Check the full show notes here: https://biggerpockets.com/show544
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Gino Wickman’s name is synonymous with business growth, entrepreneurship, and freedom. He spent the majority of his youth building up his father’s company to later sell it for a substantial sum. After teaching others how to do the same, Gino took the time to write books that would pave the way for future entrepreneurial success. Books like Traction, Rocket Fuel, Get A Grip, and his newest book, The EOS Life.
In it, Gino describes the five points of an ideal life: doing what you love, with people you love, making a huge difference, being compensated appropriately, and having time for other passions. Sounds like paradise doesn’t it? Well, if you’re an entrepreneur (or a want-to-be entrepreneur), this “ideal life” is perfectly within your grasp.
On today’s show, Gino walks through how any entrepreneur, nine-to-five worker, or business owner can hit all five of these points and live a truly fulfilling life. Gino mentions five separate tools that can help you along your journey to an ideal life, but the most important piece of this entire show is how you have to put up the risk to take away the reward.
In This Episode We Cover:
Why Gino created EOS (Entrepreneurial Operating System) for business owners
Whether or not you have the six essential traits of an entrepreneur
The five points of living an ideal life (and why they’re closer than you think)
Dropping your $25/hour tasks and starting to focus on $1,000+/hour tasks
Understanding that reward does not come without sufficient risk
Why time off from work can fuel better ideas and help you enjoy life more
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Rental Property Calculator
BiggerPockets Pro Membership - Use discount code: podcast21
BiggerPockets Blogs
BiggerPockets Forums
BiggerPockets Webinars
BiggerPockets Real Estate Podcast
BiggerPockets Books by Brandon Turner
BiggerPocket's Ultimate Beginner's Guide to Real Estate Investing
Open Door Capital
Brandon's Instagram
David’s Instagram
EOS Website
Click here to check the full show notes: https://www.biggerpockets.com/show543
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Billy Dha Kidd is better known for his rapping than his real estate skills, but both careers are worth celebrating. Billy’s early life was anything but comfortable — growing up in El Salvador, he was used to no running water and no electricity. He likes to say that he didn’t start at zero but started at negative one-hundred. Billy’s family immigrated to the United States when he was 10 years old, moving first to California and then later to Nebraska.
As a teenager, Billy began rapping as a way for him to express himself but found he loved the craft. Rapping allowed Billy to fill his time with something positive, instead of taking the wrong path many of his friends were on. His rap taught him sales skills, business skills, how taxes work, and most importantly, how to make money.
Reading stories of generational wealth, Billy was compelled to start investing in real estate. He got his first deal, learned a lot about the BRRRR strategy, and continued to put his knowledge to work. Now, he’s sitting on twenty-two doors between eighteen different properties. He gives credit to simply taking responsibility for his outcomes, instead of blaming others or the system around him.
In This Episode We Cover:
Building wealth even if you started with a disadvantage
Developing sales skills and using them when buying and selling properties
Generational wealth and why it means more than just getting rich
Finding deals both on and off-market for the BRRRR strategy
The biggest hurdles that come with owning a large rental portfolio
Creating a sellable, scalable business so you work less and make more
And So Much More!
Links from the Show:
BiggerPocket's Ultimate Beginner's Guide to Real Estate Investing
Open Door Capital
BiggerPockets Podcast 537: 10 Best Books for Real Estate, Health, and Wealth
Brandon Turner's Instagram
Universal Music Group
Myspace
MLS (Multiple Listing Service)
Zillow
Realtor
Wells Fargo Bank
Chase Bank
The One Brokerage - The David Greene lending team
Check the full show notes here: http://biggerpockets.com/show542
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Will inflation sink real estate? Is Zillow out of the iBuyer game? And why does my cash offer mean less than it did last year? Dave Meyer, VP of Data and Analytics at BiggerPockets, has heard your questions through BiggerPockets forum posts, YouTube videos, and on Instagram. This data-loving sandwich connoisseur is back to walk you through the biggest stories in real estate.
As incredible as Zillow Offers was, it looks like it won’t be around any longer (at least for a while) since having a half a billion-dollar loss in Q3 of 2021. With Zillow’s exit from the iBuyer and flipping market, other big players like Opendoor and Offerpad have come in to fill the gap. But, what about the new “Power Buyers” in the market? Will they help or hurt real estate investors?
We’ve also seen a run-up in inflation over this past year, causing home prices to artificially soar (especially when paired with low interest rates). So what is the best move for a real estate investor to make in today’s market? Take advantage of low-interest mortgages and all-time high rent prices, or wait for a supposed housing market crash or correction?
In This Episode We Cover:
Why Zillow cut their losses and exited the iBuying arena
The new “Power Buyers” in the housing market and how they could help investors like you
What a 30-year high inflation rate means for asset prices
How to take advantage of record-low interest rates for long-term cash flow
The cities in the US with the highest growing rent prices
What to look for in a rental depending on your estimated retirement age
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
Zillow
iBuyer
Opendoor
Offerpad
Redfin
BiggerPockets Podcast 480: Making $200k a Month After Being on the Verge of Bankruptcy
Knock.com
Orchard
Homeward
Band Protocol
Check the full show notes here: http://biggerpockets.com/show541
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How do you build massive wealth while keeping your passions, family, faith, and bank account intact? Successful real estate investors will tell you the same thing: you need to automate and systematize to make time for it all, and they aren't kidding. Whitney Sewell was working as a cop when he got his start in real estate. Looking at his $35,000 salary, he realized that the long hours and tiresome, but enjoyable work, wouldn’t allow him financial freedom.
Whitney wanted more time with his kids, his wife, and his beloved horses. So, he started attending every real estate conference he could go to, networking with anyone who owned any amount of real estate. He hired a performance coach, built a successful podcast, and flipped his limiting beliefs on their head, so he could tackle big deals.
In only three years, Whitney built a real estate empire with over $300M assets under management. Part of his personal profits are donated to help adopted children and those who need adoptive parents. Whitney talks about how his faith and social goals have played a huge part in his real estate and how doing good must be the driving force behind wealth accumulation.
In This Episode We Cover:
Why it’s important to “overcommit” if you really want to succeed in real estate
The “most dangerous book to reach on a beach”
Why your network is your net worth and pushing yourself to connect with other like-minded investors
Why wealth and faith don’t need to contradict each other
Giving yourself the “thinking time” to spawn new, ingenious ideas
Outsourcing and upgrading your business so you can make more while loving life
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Pro Membership - Use discount code: podcast21
BiggerPockets Blogs
BiggerPockets Forums
BiggerPockets Webinars
BiggerPockets Real Estate Podcast
BiggerPockets Books by Brandon Turner
The Official BiggerPockets Facebook group
BiggerPockets Podcast 401: Follow these Steps to Get People to Know, Like, and Trust You with Jordan Harbinger
BiggerPockets Podcast 227: From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless
Harley Davidson
Straight Path Horses Website
Click here to check the full show notes: https://www.biggerpockets.com/show540
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
If you’re looking to buy your first (or next) rental, you’ve come to the right place! BiggerPockets was founded to help real estate investors network, build their skills, and grow their portfolios. In today’s episode, master of multifamily and all things rental-property related, Brandon Turner, shares how you can build momentum and get your next deal under contract.
By overcoming the three roadblocks of real estate investing, you’ll be able to scale your portfolio to heights you’ve never imagined. Achieve financial freedom or surpass it entirely with intelligent, consistent investing so you (and your family) can live a life you love.
If you’re ready to get started, grab your notepad and pen. Brandon is about to show you why your next investment property is within reach!
In This Episode We Cover:
How to get your first (or next) real estate deal under contract
Defeating the three roadblocks of real estate investing and using them to grow a sizeable portfolio
Why the first few deals matter (and why they definitely don’t)
Using daily consistent action to build a system that works on your behalf
Why most people want to invest in real estate but never do
How to analyze a rental property deal in five minutes (even if you’re brand new!)
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Rental Property Calculator
BiggerPockets Pro Membership - Use discount code: podcast21
BiggerPockets Blogs
BiggerPockets Forums
BiggerPockets Webinars
BiggerPockets Real Estate Podcast
BiggerPockets Books by Brandon Turner
BiggerPockets PRO Exclusive videos
The Official BiggerPockets Facebook group
BiggerPockets Podcast 437: How Your “Worst Case Scenario” Can Set You Free From a Job You Hate with MarieForleo
Doug Nordman's LinkedIn Profile
Joshua Dorkin's Website
Open Door Capital
Brandon Turner's Instagram
MLS (Multiple Listing Service)
DealMachine
Driving For Dollars
Uber Eats
PropStream
ListSource
BeardyBrew Coffee Website
Dave Meyer’s Blog Content
Check the full show notes here: https://biggerpockets.com/show539
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Not everyone will love commercial investing, mixed-use buildings, flipping houses, BRRRRing, or even traditional buy-and-hold rentals. But you’ll probably find one type of real estate class that you absolutely love. It may take you some time, but if you’re able to find a property type that sparks your creativity, all while providing positive cash flow, you’ll know you made it.
Katie Neason definitely didn't love government-subsidized rentals. She dreaded the phone calls, the repairs, and the unresponsive tenants. Katie thought that upgrading her investing strategy to multifamily housing would solve the problems. Unfortunately, after buying some fourplexes, she realized that too wasn’t for her.
After trial and error, Katie found her true real estate loves: flipping, developing, and mixed-use buildings. So, she went into all three and is doing phenomenal! Katie shares a special Deal Deep Dive where she walks through a degraded downtown building that is now the talk of the town due to her smart negotiating, creative redesigns, and ability to use her network to fund the deal!
In This Episode We Cover:
Why it’s important to find the real estate classes you truly enjoy working on
Understanding the positives and negatives that come with subsidized housing
Revitalizing a downtown through smart planning, designing, and financing
Taking action so you can achieve “hockey stick” growth in real estate
Working with the city so you can collectively build something that adds value to the community
How to negotiate so both the buyer and seller walk away with a win
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
BPCon 2021
David's Instagram
BiggerPockets Store
Open Door Capital
The Self Storage Conference
Maui Masterclass with Brandon Turner and Tarl Yarber
Noah and Jeff's Episode (coming soon!)
BiggerPockets Podcast 511: Getting Your Market, Money, and Mindset Right | 3 Coaching Calls!
How to Invest in Real Estate—The Ultimate Show for Getting Started with Josh Dorkin, Brandon Turner, and 11 Rockstar Investors
BiggerPockets Webinar
JDC Mindset Academy
Audible
BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming
BiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!)
Josh Dorkin's Instagram
Check the full show notes here: https://biggerpockets.com/show538
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Sometimes the best real estate books aren’t about real estate at all. Or at least, that’s what Brandon and David found out. After rummaging through their bookshelves, Brandon and David decided to give listeners their top ten books that allowed them to reach financial, spiritual, and personal success. Some of these books include classics you’ve heard mentioned on the show before, while others are centered more on human happiness, problem solving, or relationships.
What’s important to know is that these books can help anyone, no matter what stage of the investing journey they’re in. Whether you’re a veteran or rookie, reading a simple concept, sentence, or quote can fundamentally shift how you think about life and investing. Brandon also runs through a dozen more book recommendations at the end of this episode, so if you’ve already read through the top ten, hang around for that!
In This Episode We Cover:
Brandon and David’s top ten book list (for any type of investor!)
Understanding the different parts of the brain and using it to build better arguments and strengthen relationships
Tweaking the “rules of the game” you’re playing in relation to wealth and happiness
Taking on extreme ownership and using it to become a better leader
Developing confidence and how to do so when you’re feeling lost
Communicating more effectively and allowing others to see through your perspective
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Forums
Open Door Capital
BiggerPockets Events
BiggerPockets Facebook Group
BiggerPockets Store
BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming
BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan
https://www.biggerpockets.com/show537
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Real estate investing can feel complicated, even when you’re doing well. There’s usually a time when every investor hits an invisible wall and moving on to the next deal, partnership, or business can feel like a slog. When this happens, it’s a good idea to lean on experienced investors who have been through these waves of success, failure, and stagnation.
Brandon Turner, host of The BiggerPockets Podcast, is back with live one-on-one coaching calls with three different investors, all experiencing some form of investor paralysis. Brandon talks to Mike who’s having trouble letting go of control on rehabs, Stephanie who’s had past success but can’t pick her next move, and Sterling who wants to build organic relationships with sellers.
These three investors are in three completely different parts of their real estate investing journey, but all share some of the same headaches. Brandon walks each of them through their predicaments while illuminating some paths forward that could yield them more money, less headache, and a larger portfolio.
In This Episode We Cover:
Always thinking of yourself as “the general” and not a foot soldier in the war
Prioritizing time with family over simple outsourceable tasks
Why real estate investors need to go “a mile deep” to survive in 2021 (and beyond!)
Building organic relationships with off-market sellers
Systematizing an outreach network and drip campaign that allow deals to come to you
And So Much More!
Links from the Show:
BiggerPockets Youtube Channel
Jason Drees' Website
Open Door Capital
Etsy
ebay
Audible
Joe Fairless' Best Ever Conference Website
BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming
BiggerPockets Podcast 409: Giving Yourself Permission to Go BIGGER: the “Bluefishing” Mentality with Steve Sims
Brandon Turner's Instagram
Brandon Tuner's TikTok
David Greene's Instagram
Check the full show notes here: https://www.biggerpockets.com/show536
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today's show: a coaching session with David Greene and the winner of a charity auction at BPCon, Carla Holmes from Yellow Square Properties.
Carla is a long-time investor and rookie to commercial investing. She's been cautious with her real estate investing and never took on debt after she went through foreclosure during The Great Recession. Now, she sits on over a million dollars in equity, spread across multiple properties in the Carolinas. Her recent acquisition is a 4.5-acre commercial property that she’ll convert into a parking lot for big rigs in her area.
Since this is a brand new real estate class she’s entering into, Carla wants to be absolutely sure she’s crossing all her t’s and dotting her i’s. David walks her through a live analysis going over the hurdles, work, expenses, and income that this property will bring in. He also helps Carla debate whether selling, refinancing, or keeping her current properties is best based on her one-year financial independence goal.
In This Episode We Cover:
How to analyze a commercial property from scratch with limited property information
Identifying the drawbacks and new potential income stream opportunities on a property
Why so many frugal investors avoid debt, even if it could be of benefit to them
Why you shouldn’t “hit the cones” when investing in a new real estate class
Thinking multiple steps ahead when making a move in real estate
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
BPCon 2021
Craigslist
Facebook Marketplace
David's Instagram
BiggerPockets's Instagram
Check the full show notes here: https://www.biggerpockets.com/show535
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Welcome to another episode of Seeing Greene! That’s right, David Greene is back with more real estate answers, some brand new metaphors, and basic Jiu-Jitsu knowledge for the new and experienced real estate investor. In this episode, we’re taking ten questions from BiggerPockets listeners, investors, agents, and rookies looking to build wealth through real estate.
David discusses topics ranging from investing out-of-state vs. in-state investing, whether cash flow or appreciation is a more important metric to track, and how to accurately value a property when using more than just data and numbers. David also gives advice on building systems within your business to help you get more deals, and making your investing machine much more scalable.
This episode has questions from non-investors, rookies, and veterans so no matter what stage of investing you’re in, David answers a question for you!
Have a question you want David to answer on the next Seeing Greene episode? Submit your video submission at Biggerpockets.com/david.
In This Episode We Cover:
The spectrum of investing and why you need to seriously consider cash flow vs. appreciation
Why waiting on the sidelines may lose you more money than investing in a hot market
Using more than just numbers and data to analyze a potential deal
How to return profits to investors and whether an equity or debt split is best
Systematizing your deal flow and taking advantage of CRMs (customer relationship management)
How agents can build their reputation in areas with far higher commission checks
What to do if you feel like you don’t have any valuable skills
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Blogs
BiggerPockets Youtube Channel
Biggerpockets.com/start
Submit your questions
BiggerPockets Calculators
BiggerPockets Podcast 322: 3 Things Every Leader MUST Do to Scale with Ben Kinney
Brivity CRM
Click here to check the full show notes: https://www.biggerpockets.com/show534
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
It’s easy to get caught up in the world of residential real estate investing. Maybe buy a single-family buy-and-hold deal, or try and flip a house, or why not BRRRR? But, residential real estate comes with many challenges: complicated evictions, clogged toilets, a noisy tenant in your upstairs unit, and many, many more. But, there is an asset class you can invest in without toilets, tenants, or trash problems.
Paul Moore, author, capital raiser, and real estate educator joins us to talk about his newest obsession: self storage investing. Why self storage? Maybe it’s because nobody is living in the property, or that many existing facilities have HUGE value-add potential, or maybe it’s the tax savings, or the ability to increase equity by hundreds of thousands, if not millions, seemingly overnight.
There are so many reasons why self storage investing could be one of the greatest yet rarely spoken of assets in the world of real estate investing. Wondering how you can get started in this high-profit, low-maintenance investing world? Grab Paul’s new book, Storing Up Profits!
In This Episode We Cover:
Why commercial real estate allows you to build wealth faster, smarter, and with scale
The four strategies you can use to build your self storage empire
The massive tax-saving strategies you may be missing out on
Looking for value-add that’s hidden in plain sight
The seven paths a new investor can take to get started in the self storage industry
Income opportunities that could turn thousands in revenue into millions in equity
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Blogs
BiggerPockets Podcast 285: 3 Reasons Multifamily Rentals Might Be the Perfect Investment with Paul Moore
BiggerPockets Podcast 286: $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ Osborne
Paul Moore’s Blogs in BiggerPockets Blog
Blackstone
U-Haul
Airbnb
Forbes
Amazon
Wellings Capital
Sam Zell
J Scott's Personal Website
Tarl Yarber's BiggerPockets Profile
Gary Keller
Jeff Bezos
Tom Wheelwright's Personal Website
Check the full show notes here: https://biggerpockets.com/show533
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
If you own a single-family rental or a portfolio of single-family rentals, the world of large multifamily may seem scary to you. There are so many more tenants and units, there’s a different financing structure, and what about finding the deals? At some point, many investors make the jump into the world of multifamily, and they rarely look back. One of our own, J Scott, did the same when he offered a year's worth of work for free in order to learn the multifamily game.
Joining him today are multifamily syndicators and thought leaders Ashley Wilson, Brian Burke, and Joe Fairless. Together these four investors manage over two billion dollars worth of multifamily real estate. And just like many listeners, they at one point started at zero.
J uses this episode as a multifamily roundtable, asking each of these veteran investors about the state of the housing market, where to invest, how to plan an exit, which strategies they use when investing, and how rookie investors can get started. Regardless of your unit count, experience, or real estate skills, all these investors believe that with some hard, creative work, you too can succeed in multifamily!
In This Episode We Cover:
Why 2021 was the “perfect storm” for multifamily (and whether or not it will continue)
Cap rate and why it isn’t as great of a metric as most investors think it is
Creating an entrance and exit plan for a large multifamily deal
Finding the “value-add” that will make you and your investors more money
How to analyze a multifamily market using a number of demographic metrics
Transitioning from single-family investing to multifamily success
Growing relationships with owners, brokers, and multifamily vendors
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
UHaul
Joe Fairless's Podcast
Matthew McConaughey University of Houston Speech
Check the full show notes here: https://biggerpockets.com/show532
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Real estate zoning allows those with a keen eye, creative mind, and delayed gratification to transform a once-vacant warehouse into a massively profitable multifamily deal. While this isn’t as easy as the simple buy-and-hold strategy of real estate investing, it can generate far more profit, equity, and appreciation than buying a single-family home or even multifamily buildings outright.
J Scott joins David Greene to talk with Dan ‘The Real Estate Man’ Harvey, who has been using this multifamily conversion strategy for years after he realized how many vacant commercial properties were being under-analyzed by investors. The tactic isn’t too complicated: find a commercial property with the right zoning, convert it into multifamily housing, stabilize, refinance, and do it again! Dan says that this strategy is a slight off-shoot of the ever-popular BRRRR strategy, but with FAR more upside.
Even if you know nothing about zoning, construction, or analyzing big deals, Dan will help you navigate how to do your first multifamily conversion in this episode. He even gives a direct callout to anyone who wants to help him and learn from his experience!
In This Episode We Cover:
Understanding the different types of zoning codes in your area
Finding the “best use” of a property and using that to siphon off maximum profit
How “By-Right” zoning allows investors to fully capitalize on a property’s best use
Calculating future rents and value of a property after a multifamily conversion
Combining residential and commercial space to eliminate vacancies on your property
Building a team and finding a mentor that will give you the knowledge to grow
And So Much More!
Links from the Show
BiggerPockets Podcast
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Youtube Channel
BPCON 2021
Brandon Turner's BiggerPockets Profile
Robert Kiyosaki's Website
David’s Instagram
David’s BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/show531
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Having limited lung capacity while playing college basketball seems almost impossible. But, like almost everything else in Nolan Gottlieb’s life, he pushed through it to accomplish his dreams. Hard work and determination are what allowed Nolan to step onto that basketball court, even with a severe physical disadvantage. The same determination is exactly what allowed him to close on nineteen units in just ten months of investing.
Nolan didn’t know anything about real estate; he couldn’t even describe what a mortgage was if you asked. But, as he ventured off the basketball court and became a real estate agent, he knew that agent commissions wouldn’t protect him and his family if he got sick again. He needed long-lasting wealth, passive income, and an ability to scale his success.
He started out partnering with a friend on a BRRRR. It went so well, he decided to tackle an off-market deal. Nolan was able to close not only on one off-market deal, but on a fourteen-unit apartment building as well, thanks to his six steps to find “buried gold” in his market.
In This Episode We Cover:
How to accomplish your goals, even if you start at a severe disadvantage
Why passive income sources far outweigh one-time profits
The six steps to finding profitable, undervalued off-market properties
Taking down a fourteen unit apartment building as a rookie
What appraisers look for when going through your property
Discovering your “why” behind investing in real estate
And So Much More!
Links from the Show:
qPublic.net
Shutterfly
Whitepages
MLS.com
BiggerPockets Podcast
BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming
BPCON 2021
David Greene's Instagram
Duke University's Blue Devils Basketball Team
Bobby Hurley's Wikipedia page
C.S Lewis's Website
Brandon Turner BiggerPockets Profile
Robert Kiyosaki's Website
Check the full show notes here: https://biggerpockets.com/show530
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Creative financing solves an important problem for almost every type of real estate investor. Don’t have enough cash? Try creative financing! No credit? Try creative financing! Ran out of conventional loans? You already know what we’re going to say...One of the most knowledgeable real estate investors around, who pretty much reinvented the subject to deal, is Pace Morby, and he’s here with us today!
Pace invites four guests onto the show to ask him their most burning questions about subject to deals, creative financing, legal protections when investing in real estate, and how to negotiate with a seller. Even if you’ve never thought of doing a creative financing structure, Pace may convince you that there’s good reason to be educated on them, as it could help you save thousands in closing costs and allow you to scale your portfolio much quicker.
In This Episode We Cover:
- What are novation agreements and why they may be a great secret negotiating tactic
- Whether or not today’s housing market shows similar signs to the 2007 crash
- How to calculate profits for a potential buyer on a wholesale deal
- Whether or not an LLC is necessary when buying rental properties or flips
- The inexpensive team member that could help take HOURS of work off your plate
- What to do when a seller won’t come down to your maximum offer
- And So Much More!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Youtube Channel
- Open Door
- Airbnb
- Prime Corporate Services
- A&E TV
- Triple Digit Flip
Check the full show notes here: https://biggerpockets.com/show529
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Closing off-market deals is one of the best ways to start stacking your real estate portfolio, especially while the housing market is so hot. But, off-market deals often require cold-calling, which is something that makes many investors’ blood run cold. So, how do you talk to a seller in the most confident, comfortable, and competent way? You start by asking the five questions Pace Morby, master of off-market deal-finding and creative financing, has laid out.
These five questions were developed over years of cold calling and door knocking. They were specifically designed to walk a seller through a transaction, making them as comfortable as possible, allowing them to bring up their own limitations, and giving you the space to close if the deal fits. This is not your typical “call the seller and give them a cash offer” piece of advice. These questions run far, far deeper than that.
If you’ve wanted to try flipping, wholesaling, or even just off-market deal finding, this may be the perfect episode to listen to, as a veteran investor lays out the exact questions he used to close on 500+ off-market deals.
In This Episode We Cover:
Why every seller has their own “bunnies” and what you can do to find them
Asking questions that allow sellers to illuminate silent partners in the deal
Why you should NEVER tell sellers what is wrong with their property
Helping a seller create a story and allowing your offer to fuel it
Pulling out missing information when initially interviewing a seller
Going in for the close without becoming a pushy salesperson
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
Triple Digit Flip on A&E
BiggerPockets Podcast 527: 300 Doors, 100% Creative Financing with Pace Morby
Brandon Turner’s Instagram
Pace Morby Interviews Jerry Norton On How He'd Get His First Deal
Click here to check the full show notes: https://www.biggerpockets.com/show528
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Pace Morby’s name has become synonymous with seller financing, subject to deals, and flipping. He is one of the most educated players in the real estate game on all things related to non-traditional financing. He even taught Brandon Turner, the author of Investing in Real Estate with No (and Low) Money Down, a thing or two on today’s show!
Originally working as a contractor, Pace was hired on as a flipper for some popular iBuyer portfolios. He flipped over a thousand homes a year but was doing so without building any wealth for himself. This is when he began flipping his own homes and slowly, steadily building a portfolio of rentals that would provide him with the cash flow he desired. Did we mention he did this entirely without bank financing?
Since Pace is the go-to investor for all things creative financing, Brandon and David took advantage of his time on the show to ask him about subject to strategies, seller financing tips, and how he takes a seller from consideration to closing. If you’ve been wondering how to build your rental portfolio without down payments, credit checks, or preapproval from banks, this is THE episode to listen to.
In This Episode We Cover:
Outsourcing your business so you aren’t the driver of every deal
Structuring a subject to deal and using it to create a win for the seller
Why you shouldn’t be afraid to offer full price on a seller finance deal
The first phrase you should say to any seller when viewing their property
What to do when your “due on sale” clause comes to fruition
How to find work, meet investors, and grow your brand through social media
And So Much More!
Links from the Show:
BiggerPockets Youtube Channel
Triple Digit Flip on A&E
BiggerPockets Podcast 493: How COVID Changed Real Estate Forever (+How it Didn’t!) with Ken McElroy
Opendoor
Zillow
Start Virtual
Redfin
Airbnb
Kelley Blue Book
Craigslist
Open Door Capital
BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss
Equity Assurance
The Moth Podcast
Brandon Turner’s Instagram
Grant Cardone’s Instagram
Ken McElroy's Website
Pace Morby Interviews Jerry Norton On How He'd Get His First Deal
Chris Voss' LinkedIn
Freebies from this episode:
Pace's ebook on Subto
Exclusive seller video calls
Check the full show notes here: http://biggerpockets.com/show527
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
[NOTE: Since this episode was recorded, some events have changed. We have updated the intro to the episode and the lead-in to our conversation with Jeff Watson to reflect those developments]
Inflation is big, scary, and in the news. With it comes the fear of sky-high home values, consumer goods falling in short supply, and cash positions becoming worthless overnight. With high inflation at our doorstep, we need to be smarter (and faster) when it comes to investing. Thankfully, for BiggerPockets listeners, one of the strongest hedges against inflation is real estate!
David Greene and Dave Meyer are back on another episode of BiggerNews to discuss not only the cause of inflation but how to protect yourself against it in this hyper-inflationary environment we find ourselves in. Both David and Dave harp on how important it is to start investing as soon as you can, taking advantage of low-interest rates and locked-in leverage that bank financing provides.
Jeff Watson, attorney and self-directed IRA expert, joins the Dave duo to talk about the proposed “Build Back Better Bill” and its consequences for real estate investors - which Jeff calls a “nightmare” for those who want to raise private money for deals. As noted at the top of this description – in the time since this episode was recorded, the sections of the bill affecting Self-Directed IRAs have been removed. We've added audio to the episode explaining those developments; we are keeping the content because it offers a glimpse into an issue that may crop up again on Capitol Hill in the future.
In This Episode We Cover:
What is inflation and how did America become an inflationary environment?
The main causes of inflation and whether or not it will affect you
Using debt to lock in low-interest-rate loans while rents continue to rise
The “Build Back Better Bill” and its consequences for all real estate investors
How this new bill would have potentially hurt ‘average joe’ investors while propping up hedge funds
Steps you can take to protect your assets
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
David Greene's Instagram
David Meyer's Instagram
BiggerPockets Conference
BiggerPockets Pro Membership
BiggerPockets Money Podcast
Real Estate Rookie Podcast
BiggerPockets Daily Podcast
GoBundance
Brian Beaulieu of ITR Economics
Quest Trust Company
President Donald J Trump
Robert Kiyosaki
Peter Thiel
Paypal
HandsOff My IRA
Protecting IRA Investment Choice (Jeff's Document)
Summary of Changes Proposed by House Reconciliation “Build Back Better” Bill (Jeff's Document)
BiggerPockets Podcast 502: BiggerNews, September: Will Anything Slow Down this Housing Market? with Dave Meyer & Kathy Fettke
Check the full show notes here: http://biggerpockets.com/show526
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Our perceptions of work and life have changed significantly over the past year. While we once had a clear distinction between the two, now, we have a blurred line barely separating them. For some, this has made their life more hectic, and for others, more clear. It’s now more important than ever to define where we’re going and why we’re going in that direction.
Joining David today is Mindy Jensen, host of the BiggerPockets Money Podcast, and Geoff Woods, host The ONE Thing Podcast. Many guests on the show have mentioned The ONE Thing for its simple, yet impactful message for team leaders and solopreneurs who have too much on their plates. Geoff has taken the message of this book and his organization to heart, allowing him to free up time, and live a truly extraordinary life.
Geoff unpacks exactly what it means to have intentional goals and live with purpose. He is very specific on defining what truly matters to your business, personal life, and internal values, and separates those things from the rest. Geoff also brings on Jordan and John, two business partners, one of which attended The ONE Thing Retreat last year, and talks them through their long-term vision, goal, and strategy.
In This Episode We Cover:
The importance of striving to live an extraordinary life in all aspects
How to become more purposeful in the areas of life that truly matter
Working through goal setting in partnerships, relationships, or solo
Why most people don’t reach their goals or set too attainable goals
Permitting yourself to dream big for a five, ten, or twenty-year vision
What you can expect at The ONE Thing’s 2021 Retreat
Why the purpose of a goal isn’t the result, but something far more meaningful
And So Much More!
Links from the Show
Brandon Turner's Instagram
David Greene's Instagram
BiggerPockets Webinars
BiggerPockets Pro Membership
The 1 thing Website
The 1 thing podcast
BiggerPockets Podcast 411: The Life-Changing Power of a Goal-Setting Retreatwith Geoff Woods
The 1 thing Goal Setting Retreat Website
Click here to check the full show notes: https://www.biggerpockets.com/show525
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
A decade ago, Chandler David Smith was a broke college student. After searching for jobs, he was given the opportunity to try his hand at door-to-door pest control sales. The first week went slow, and he wasn’t able to close on a single sale. But, by the end of the summer, he had crushed the rookie sales record and walked away with $96,000 worth of commission.
But now Chandler had a problem: too much cash and nothing to do with it. His friend’s father convinced him that real estate investing may be the best place to park his extra cash, so he did just that. Chandler bought a condo for $73,000. It wasn’t a great deal and he made some big mistakes, but it sparked a fire under him that allowed him to grow his portfolio to over three hundred units, through small multifamily, large multifamily, and self storage.
It’s no coincidence that Chandler succeeded in real estate with his sales background, since finding off-market deals, negotiating with sellers, and raising rents all require you to sell something to someone. If you can capitalize on some of these sales secrets that Chandler discusses, you may too have a far easier time locking down phenomenal deals.
In This Episode We Cover:
The verbal and visual cues that show a sales prospect you’re trustworthy
Why those that can handle rejection succeed not only in sales but in real estate
Following the “sales logic” of preface, feature, and benefit
The huge advantage of investors buying “mid-priced” properties
The differences between owning small multifamily, large multifamily, and self storage
Developing your property management team and using them to scale your portfolio
And So Much More!
Links from the Show:
Brandon Turner's Instagram
David Greene's Instagram
Chandler David Smith's Youtube Channel: How Brandon Turner Changed My Life (Full Interview)
AJ Osborne Website
Tim Ferriss Website
Garrett Myers Instagram
GoBundance
BiggerPockets Webinars
BiggerPockets Pro Membership
MLS (Multiple Listing Service)
Craigslist
Youtube
Check the full show notes here: https://biggerpockets.com/show524
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
You wouldn’t know how far Max Maxwell has come at first glance. Looking at his Instagram, you’ll see private planes, a wealth of knowledge on real estate, and seriously shiny Rolexes. Not many people know that only a number of years ago, Max was broke, without enough money to fill up his car with gas, and sleeping at his mom’s house after ten years of failed businesses.
Max tried everything from running a property management company, to marketing, to managing a restaurant, and many other ventures. None of them truly stuck, causing Max to go from state to state, trying to find a successful business model that would make him wealthy.
Now, Max is well known as a master in wholesaling, rental property investing, and philanthropy. He has always made an effort to help those in need and even went to Ghana with today’s host, Nasar El Arabi. These North Carolinian investors have truly gone from rags to riches and have been able to find meaningful, lasting success through real estate investing.
In This Episode We Cover:
How to get your start in real estate investing without any money
Finding yourself at the bottom and pushing yourself up to the top
Finding, skip tracing, and marketing your first deal as a wholesaler
The “conveyor belt” system of off-market deal-finding
Why every great real estate investor MUST be able to spot good deals
Jumping into a new niche, even as an experienced real estate investor
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
Brandon Turner's Instagram
David Greene's Instagram
BiggerPockets Podcast 522: From “No Comma Paychecks” to 7-Figures Using These 5 Skills w/ Nasar El Arabi
GQ Magazine
Vogue Magazine
Barnes & Noble
REISkip
REIRail
BiggerPockets Conference
BiggerPockets Pro Membership
Real Estate Doru's Instagram
Real Estate Doru's Website
Real Estate Doru's Youtube Channel
Check the full show notes here: https://biggerpockets.com/show523
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Nasar El-Arabi is a self-proclaimed “failure” when it comes to being employed. He wasn’t cut out for the banking industry, the call center, or the classroom. Some people aren’t meant to be employed, and Nasar was one of them. As soon as he was able to get his start in real estate investing, he realized that this was a path that could help him succeed, all while challenging him in ways the W2 world didn’t.
Nasar has been wholesaling, flipping, and landlording for over a decade. He has amassed a seven-figure net worth, due to his sweat, grind, and problem-solving. Nasar has put together his list of the five most important traits of any successful real estate investor. These traits aren’t what you’d hear at corporate, and they require those who are interested in investing to put in the time, energy, and creativity to thrive.
If you’re interested not only in real estate investing, but becoming a full-time investor doing what you love, make sure you pay careful attention to Nasar’s advice. While these aren’t traits you can simply switch on or off overnight, they are things that you can develop over the years you are investing, which can help you build wealth, reach financial freedom, and give you the life you’ve dreamed of.
In This Episode We Cover:
How to invest in real estate while making a median income
Diversifying your portfolio so you have multiple exit strategies and streams of income
Why every investor needs to “become a rookie all over again”
Using creative financing to structure deals that benefit the buyer and seller
Leveraging partnerships to find cash, divvy up responsibilities, and purchase more real estate
Owning a business and learning the skills that every leader needs to succeed
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
BiggerPockets Publishing
BiggerPockets Bookstore
Brandon's Instagram
David’s Instagram
BiggerPockets Podcast 116: How to Quit Your Job Through Wholesaling, Flipping, and Taking Action with Nasar Elarabi
BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming
BiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal Newport
Click here to check the full show notes: https://www.biggerpockets.com/show522
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
People often tell each other to “stay positive” in light of grim circumstances or hard times. This consistent positivity can feel forced when going through something truly terrifying, but it’s exactly what helped Jeffrey Holst fight cancer, get out of bankruptcy, and retire in only seven years. Once Jeffrey committed to having no bad days, he was able to either change his day that was going poorly or see the positive in everything around him.
This philosophy helped him spur on new relationships, find new partners, and close on deals creatively. It was never “we can’t close on this” for Jeffrey, it was “how can we close on this.” He uses what he likes to call the “sideways eight” strategy that allows him to have infinite returns when investing, all while giving his partners and private lenders a sizable profit.
Jeffrey also talks about seeing the positive attributes of negative situations, and how he was able to leave his job as a lawyer and hit financial freedom due to his cancer diagnosis and later bankruptcy. If Jeffrey was able to dominate the multifamily market with an underwater net worth, think of what YOU can accomplish in the world of real estate investing!
In This Episode We Cover:
Buying properties without credit, money, or experience
Creative financing strategies that allow you take tackle bigger and better deals
Fighting cancer and using hard times to fuel your success
Managing a portfolio of two-hundred and fifty units
The “last life philosophy” and how it gives you a clear path to victory
Syndicating on a small scale to close multi-million dollar deals
Analyzing your market as a "boots on the ground" investor
And So Much More!
Links from the Show:
Carlton Sheets Real Estate Course Infomercial
Matt Faircloth's BiggerPockets profile
Tony Robbins' Website
Hal Elrod's Website
Four Reasons to Invest in Real Estate episode on the Old Fashioned Real Estate Show hosted by Brian Levredge and Jeffrey Holst
Feras Moussa of Disrupt Equity
BiggerPockets Podcast 488: From 4 Units to 2,000 and Why Large Multifamily “Isn’t So Scary
Whitney Sewell of Life Bridge Capital
GoBundance
BiggerPockets Podcast 004: Commercial Real Estate Investing With Frank Gallinelli
BiggerPockets Radio Podcast 002: Starting Out with Karen Rittenhouse – Subject To, Direct Mail, and Investing from a Woman’s Perspective
Generational Wealth with Dr. Tony Pennells episode on the Last Life Ever Podcast
Akamai Coffee Website
Mike Tyson's Website
Arnold Schwarzenegger's Website
Shaquille O'Neal's Profile
Richard Branson of the Virgin Group
Check the full show notes here: https://biggerpockets.com/show521
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The hosts look and sound a little different today. There are no beards and we haven’t heard one metaphor containing jiu-jitsu lingo... That’s because Ashley Kehr and Tony Robinson, hosts of the Real Estate Rookie Podcast have taken over the BiggerPockets Real Estate Podcast! Ashley and Tony regularly talk about how rookies can get their first (or next) deal, but today they’re combining expertise to talk about something more controversial: rental arbitrage.
Rental arbitrage is a form of subletting that allows long-term tenants to make massive cash flow off of short-term rentals. Someone who’s done this to an extreme is Rafael Loza. Rafael was working the night shift as his W2 job when he found out about short-term rental arbitrage. He sat on the idea for a few months, but ultimately tried out the concept on an apartment. This one apartment took home a massive profit, allowing him to quit his job and scale to fourteen units in just nine months.
Now, Rafael has twenty-four active units, all grossing thousands of dollars a month in rent for him. Back in March of 2020, Rafael was projected to bring in forty-seven thousand dollars in revenue in one month alone. But, the pandemic hit, forcing him to pivot, switch strategies, and take advantage of the flourishing short-term rental market. He has his sights set on ownership, but now he’s simply raking in the short-term stacks.
In This Episode We Cover:
Rental arbitrage and why it’s a low-cost way to get into real estate investing
Short-term cash flow vs long-term appreciation and combining the two
The startup costs it takes to create an arbitrage empire
How to pitch landlords on using their properties for short-term rentals
Negotiating leases and adding a subletting clause to any lease you undertake
Pivoting when your business hits a wall and combing back stronger
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
Brandon Turner's Instagram
Tony's Instagram
Ashley’s Instagram
Real Estate Rookie Youtube Channel
Airbnb
Vrbo
The Real Estate Rookie Podcast
Clubhouse
Check the full show notes here: https://biggerpockets.com/show520
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
You may know Ashley Kehr from the Real Estate Rookie Podcast, but you may not know that only a short time ago she was a rookie herself. Ashley started as a property manager for a local investor and slowly made her way from owning one property to owning thirty-three long-term rentals, a short-term arbitrage property, two commercial units, and one mobile home park. Quite a diverse portfolio!
What makes this even more impressive is that Ashley wasn’t coming into real estate with boatloads of cash. In fact, she and her husband have never collectively made more than six figures from their W2 jobs. So how does someone with a median income generate such a massive amount of cash flow, appreciation, and time freedom?
Ashley discusses the five fundamentals of real estate investing that led her to seven-figure net worth. These fundamentals can be used by anyone, at any stage in real estate investing, no matter their experience level. If you’re ready to supercharge your investing and go from rookie to rockstar, commit to the game plan Ashley has laid out!
In This Episode We Cover:
How to invest in real estate while making a median income
Diversifying your portfolio so you have multiple exit strategies and streams of income
Why every investor needs to “become a rookie all over again”
Using creative financing to structure deals that benefit the buyer and seller
Leveraging partnerships to find cash, divvy up responsibilities, and purchase more real estate
Owning a business and learning the skills that every leader needs to succeed
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
BiggerPockets Publishing
BiggerPockets Bookstore
Real Estate Rookie Youtube Channel
Real Estate Rookie FaceBook Group
BiggerPockets Rookie Podcast
Tony's Instagram
Brandon's Instagram
David’s Instagram
Real Estate Rookie Bootcamp
BiggerPockets Podcast 348: Full-Time Job, Full-Time Mom, and Full-Time Wealth From Rentals with Ashley Kehr
BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming
Click here to check the full show notes: https://www.biggerpockets.com/show519
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Marching along Bourbon Street last week was a parade with some of the best real estate investors in the world, celebrating another successful BPCon, ready to take on the world. Throughout the past week, attendees of the conference heard from world-class business leaders, investors, and authors, learning about everything from running a business to short-term rental markets, to self-storage, and more.
On this live episode, your hosts, Brandon and David, are joined by Scott Trench, host of the BiggerPockets Money Podcast, Ashley Kehr and Tony Robinson, hosts of the Real Estate Rookie Podcast, and Liz Faircloth and Andresa Guidelli, hosts of The Real Estate InvestHER Podcast, plus special guest Esther, who has a widely impressive portfolio herself.
You’ll hear the hosts talk about topics like how to connect with fellow investors, future trends influencing the real estate market, what’s working today (and what isn’t), plus a live version of the Famous Four and Fire Round.
If you weren’t able to make it to this year's BPCon, plug into this episode and get on the waiting list for next year!
In This Episode We Cover:
What’s ‘firing up’ the hosts of the BiggerPockets Podcast Network?
What investors can do in today’s market to ensure wealth tomorrow
Future trends that allow investors to profitably pivot
How BPCon helps connect investors, reshape ideas, and build wealth
How to vet partners before you go in on a deal with them
The top characteristics that contribute to your success as an investor
Why you should definitely be at BPCon 2022
And So Much More!
Links from the Show:
NPR (National Public Radio)
Kevin Leahy's BiggerPockets Profile
Mark Ferguson's InvestFourMore
Wendy Papasan's LinkedIn Profile
Noah Evans's LinkedIn Profile
Rickey Rodriguez's BiggerPockets Profile
Your First Real Estate Investment Podcast: How to Recover from the Great Recession and Leverage Creative Financing to Fund Your First Deal
Joe Asamoah's BiggerPockets Author Profile
AJ Osborne's Personal Website
Steve Rozenberg's BiggerPockets Profile
InvestHer's Partnership Question Guide
Meetup
Hal Elrod's Personal Website
Dave Ramsey's Personal Website
Cashflow The Board Game
Matt Faircloth's BiggerPockets Author Profile
BiggerPockets Calculators
The Real Estate InvestHER Community
Check the full show notes here: https://biggerpockets.com/show518
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Avery Carl is the go-to contact for short-term rental investing. Her business, The Short Term Shop and The Mortgage Shop not only helps find properties and secure loans for prospective short-term rental investors but also helps guide investors through their first vacation property purchase. While this type of property can be a cash flow king, it also takes more management and a bit more time upfront to get the system oiled and operating smoothly.
Since we last talked to Avery, she’s quadrupled her portfolio from twenty-something short-term units to ninety-six units, sixty-one of which are large multifamily properties. Avery gives an in-depth analysis on why short-term rentals should hold a place in every investor's asset collection, and the common pitfalls investors go through when purchasing their first short-term rental.
If you’d like to learn more about building wealth through short-term rental investing, grab Avery’s brand new book Short-Term Rental, Long-Term Wealth!
In This Episode We Cover:
Why having short-term rentals can help real estate investors mitigate risk
How Avery added over seventy more doors to her portfolio in under two years
The wrong vs. the right questions to ask when buying a short-term rental
The five things people need to avoid when making their first STR purchase
Why you may want to “bear-proof” your next cabin in the woods
Not being afraid to ask questions when investing
Why you should buy Avery’s new book Short-Term Rental, Long-Term Wealth
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
BiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl
BiggerPockets Publishing
BiggerPockets Bookstore
AirDNA
PriceLabs
Airbnb
Vrbo
Facebook Marketplace
Turo
Realtor.com
Vacasa
Craigslist
Amazon
Check the full show notes here: https://biggerpockets.com/show517
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Everyone knows that financial education is one of the most crucial things to teach children at a young age. It doesn't just set them up to be wealthy, but it gives them the tools to be confident, choose delayed gratification, and hopefully, impact another young person’s life one day. This is understood wholeheartedly by Rashad Bilal and Troy Millings, former financial advisor and school teacher.
What had started as a small classroom experiment in teaching children financial literacy turned into a media empire. Rashad and Troy shared their class teachings online, which pushed them to create a course for the kids, and later into the Earn Your Leisure podcast, where they talk about everything ranging from high-value financial concepts to sports to entertainment and more.
What keeps Rashad and Troy going is knowing that their work is allowing thousands of people to improve their life situations, whether children or adults. The duo not only talks extensively about the difference between financial assets and liabilities but about relationship assets and liabilities. This helps answer the question: who’s helping bring you up and who’s trying to keep you down?
In This Episode We Cover:
The importance of spurring on financial literacy for young kids
How to teach your children about money and examples you can use
The role that playing sports had in Rashad and Troy’s lives
Assets over liabilities and why you need to invest in relationship assets as well
Stocks, ETFs, multifamily, and cryptocurrency investments
Staying committed to your goals and following through
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Youtube Channel
BiggerPockets Conference 2021
BiggerPockets Agents Finder
BiggerPockets Insights
EYL Episode #63 Money Machine by Earn Your Leisure
Airbnb
Brandon's Instagram
David’s Instagram
OpenDoor Capital
Click here to check the full show notes: https://www.biggerpockets.com/show516
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
It’s not uncommon for investors to start out by buying properties in their home markets. It makes things like neighborhood research, rehabs, and tenant showings so much easier when you’re only a short drive away from your property. That’s how Dave Meyer, VP of Data and Analytics right here at BiggerPockets, feels.
Dave is currently living in Europe and has invested exclusively in Denver, where he used to call home. Now, as an entirely remote landlord, he’s seen the data on how many markets (like Tampa, Florida) are doing phenomenally for appreciation and rent increases. David Greene, out-of-state investor and the man who literally wrote the book on long-distance real estate investing is here to offer some much-needed council.
With David having the experience as an agent and out-of-state investor and Dave having robust housing data at his disposal, the two come up with some clear plans to invest in up-and-coming markets. David and Dave talk about cash flow, appreciation, wage growth, the investing “spectrum”, and why so many real estate investors aren’t planning far enough ahead.
In This Episode We Cover:
Cash flow vs. appreciation and which one matters most to you
Developing your investment strategy and picking markets where it works
Balancing the benefits of real estate investing and the investing “spectrum”
What makes a market appreciate and cause rents to rise?
What to do once you’ve found a great market to invest in
Questions you should ask every out-of-state agent and property manager
Where Dave and David are both looking to invest
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
BiggerPockets Conference 2021
BiggerPockets Agents Finder
BiggerPockets Insights
BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
BiggerPockets Podcast 250: Grant Cardone on Multifamily Investing and Why You Should Never Buy a House!
Zillow
Check the full show notes here: https://biggerpockets.com/show515
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Once the housing market started to slide in 2007, smart investors began buying, and waiting, for rock-bottom prices to kick in. Investors were buying homes in some of the best markets for dimes on the dollar, and have seen massive profits whether keeping them as buy-and-hold rentals, BRRRR deals, or flips. While small investors started buying a couple of houses a year, institutional investors were doing far, far more.
Private equity funds, along with REITs and hedge funds knew that foreclosed homes were a steal, and their economies of scale made it even easier to turn these financially mismanaged properties into appreciation and cash flow kings. As institutional investors began fixing up these homes, listing them for rent, and later selling them, the entire market moved in an upward direction. Now, first-time homebuyers are competing with these economic powerhouses to lock down their first primary residence or rental property.
A man who has been covering this topic for years is The Wall Street Journal's, Ryan Dezember. Ryan has a keen understanding of what influences the housing market as a whole, why institutional investors are making the moves they are, and what this means for small mom-and-pop landlords. Dave Meyer also joins David Greene on this episode to discuss the ways small landlords can beat Wall Street at their own game.
In This Episode We Cover:
Why home prices dropped to the lowest point in 2011
How the pandemic gave institutional investors more buying power
Who are the “wall street buyers” that are buying thousands of single-family homes?
Why you should “find the tenant” before finding your next property
The “carbon monoxide” of investing that most investors aren't paying attention to
How institutional investors use economies of scale to rapidly rehab homes
What small investors can do to beat institutional investors at the closing table
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
BiggerPockets Conference 2021
Blackstone
Zillow
Redfin
BiggerPockets Insights
BiggerPockets Show 515
Check the full show notes here: https://biggerpockets.com/show514
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Welcome back to another episode of Seeing Greene with BiggerPockets Podcast host, top real estate agent, and BRRRR master himself, David Greene. Today’s episode touches on many topics that relate to the BRRRR strategy, ranging from financing, rehabbing, calculating cash flow, and where to find deals.
Since the BRRRR method is such a popular strategy among real estate investors, we thought it best to have an episode that touches on so many aspects of the BRRRR strategy itself. Not only has David written the book on BRRRR investing, but he also continues to do BRRRR investing in his real estate career. This strategy is not only one of the best ways to get into real estate with low (or no) money down, it’s also a method that works on building generational wealth for you in the background.
Have a question you want David to answer on the next Seeing Greene episode? Submit your video submission at Biggerpockets.com/david.
In This Episode We Cover:
Whether you should refinance a BRRRR in your personal name or an LLC
Using agents or wholesalers to find your next BRRRR property
Why some markets simply won’t cash flow (and why that isn’t necessarily a bad thing)
The minimum cash flow requirements for a multifamily property
Hard money loans vs construction loans when performing a BRRRR
How to get financing when your property is not a traditional rental or commercial building
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Youtube Channel
BiggerPockets Rental Property Calculator
BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions
BiggerPockets Podcast 487: 10 Common Real Estate Investing Questions Answered by David Greene
BiggerPockets Podcast 473: Quitting the Police Force, Wholesaling, & Buying Notes with David Greene\
Submit Your Questions to David Greene
Click here to check the full show notes: https://www.biggerpockets.com/show513
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Back in 2004, Jude Bernard was sitting at a blackjack table in Vegas. This wasn’t his first game of the day, nor his second, or even his third. Jude had been sitting at that blackjack table for thirty hours straight. When the final game ended, he walked away, $150,000 poorer than he started. Jude then found the closest tattoo parlor, walked in, and got the phrase “never again” tattooed on his hand as a testament to his mistake.
Now, Jude runs a rental and flipping empire, settling for no less than seven-figure profits on his fix and flips. He also runs The Brooklyn Bank, a non-profit designed to help economically empower people of color in New York City. Through his earlier gambling mistakes, Jude realized that no matter what, the “house” always wins. So, he searched for a way that he could become the “house” in his environment, and the best way was through real estate investing.
Jude has built a very strong foundation for his real estate investing through taking calculated risks, nurturing his relationships, and letting his fears fuel his fire.
Jude is currently raising money to help the people of Haiti through their most recent natural disaster. Brandon and David have both pledged $5,000 each. To help out, even more, Brandon wants all listeners to know that If you donate $5,000 to The Brooklyn Bank organization, Brandon will host you in Maui! For full details please contact Matt@odcfund.com.
In This Episode We Cover:
Purchasing properties in very expensive markets (like New York City)
Building relationships with everyone you talk to, funneling more deals into your pipeline
Making sure every deal has a seven-figure upside (seriously!)
Using your greatest fears to propel you to the next level
Gambling addiction and the message behind why the “house” always wins
How the Brooklyn Bank is helping build a pathway out of poverty
How you can spend a week with Brandon and help support a great cause
And So Much More!
Links from the Show:
BiggerPockets Podcast 512: From Losing $150k at the Blackjack Table to 7-Figure Profits in Real Estate
BiggerPockets Podcast 455: Mixtapes to Millions in Real Estate with DJ Envy and Cesar Pina
The Brooklyn Bank
Brandon’s Maui MasterClass
Brandon Turner's Instagram
David Greene's Instagram
Matt@odcfund.com
donations@thebrooklynbank.com
Check the full show notes here: https://biggerpockets.com/show512
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
So many BiggerPockets listeners are out there killing it in the world of real estate investing. But, with growth and positive change comes more and more questions. On today’s coaching call, David Greene talks to Carly, Michael, and Katie about three different problems that present three specific solutions.
Carly is trying to weigh the risk of investing in a declining market, Michael wants to shake off the “agent shame” that comes with lead generating as a realtor, and Katie wants to power her growth with more revenue and more cash flow. Each of these real estate professionals is in a different spot: one is a small-time landlord, one is a new agent, and the other is a fix and flip veteran. Even with completely different investment plans, all three of these investors are able to find simple, meaningful solutions when talking with David.
The topics touched on in this episode include creating an investment strategy, house hacking, finding the right property managers, growing your confidence, purchasing commercial real estate, and more. If you want to get in on the next call with David, click this link to apply!
In This Episode We Cover:
Should you invest in an area with a declining population but great cash flow?
How to mitigate your investment risk by purchasing a house hack property
Using referrals to find your next property manager
Putting your clients best interest first and showing confidence
Starting businesses in different verticals that can empower your current business
Turning your biggest expenses into revenue generators
Taking advantage of using a Key Principle on larger deals
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
Simplisafe
BiggerPockets Wealth Magazine
The BiggerPockets Bundle Giveaway
Submit your Question for David Greene to answer!
BiggerPockets Find an Agent
Keller Williams
Amazon Prime
Check the full show notes here: https://biggerpockets.com/show511
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
As an entrepreneur, you may be used to putting in hours of work learning new tactics, skills, and strategies. Your business rests on your shoulders, and why wouldn’t it, you’re the one who built it from the ground up. While it’s a commendable feat to build a profitable business, it can also be a prison sentence for many “hands-on” entrepreneurs. This is how Sam Carpenter, author of Work the System felt as he put in 110 hours a week just to keep his business afloat.
Sam realized why he was working so hard without seeing results: there were no systems in his business. Once he started implementing systems and processes, he went from 110+ hour weeks to 2 hour weeks. The same happened with one of his students and now partner, Josh Fonger, who runs Work the System Enterprises where he helps business owners from over 50 countries scale their businesses with far less headache.
If you’ve ever felt that your business relies on you too much to take a day off, take a vacation, or simply work less every week, these are the two guys you need to talk to. Josh and Sam were kind enough to take three live guest calls on this episode’s recording to help with their specific business problems. As all the guests are real estate investors and professionals, much of the advice may translate to your business as well!
In This Episode We Cover:
Why a system doesn’t need to (and shouldn’t) be complicated to design and implement
Reducing your time, effort, and energy spent on work
Understanding which systems need to be fixed or removed entirely front our life
How to stop playing “whack-a-mole” with your business processes
Why so many businesses fall behind after improving
Creating a sustainable solution that gives you (the entrepreneur) maximum freedom
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
BiggerPockets Podcast
BiggerPockets Bookstore
Open Door Capital
BiggerPockets Insights
BiggerPockets Books
BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors
BiggerPockets Podcast 137: How to Use Systems to Scale Your Real Estate Business with Sam Craven
Work the System Website
Click here to check the full show notes: https://www.biggerpockets.com/show510
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
If you scroll through Manny Khoshbin’s Instagram, you’ll see wealth, success, and a lot of very nice automobiles. You may look at his life and say “well, that must be nice”, but there is much more to Manny than Ferraris and private planes. A few decades ago, Manny was homeless, sleeping in a car with five other family members, simply trying to survive in America.
Manny’s dad wanted to protect his son from entering the military in Iran, so two weeks before Manny’s birthday, the family packed up and left for the United States. They were homeless for a couple of months but slowly were able to find jobs and scrape together some money. Manny worked at a swap meet, a K-mart, a multi-level marketing company selling snacks, and other various jobs.
As he was working he realized that the people driving the Porches, Lamborghinis, and Mercedes were all investing in real estate. After making money in his entrepreneurial endeavors, he bought his first commercial property. Now, two and a half decades later, Manny is sitting on a billion dollars worth of real estate. Oh, and did we mention he bought this all without syndicating?
In This Episode We Cover:
Manny’s “American Dream” story from immigrant to multimillionaire
Why commercial real estate is such a profitable investment
Value-add opportunities and flipping commercial real estate over the span of a few years
Which real estate industries are on the downward trend (and which to invest in)
The steps new real estate investors should take to make it big
Why Manny’s luxury cars are an investment, not just toys
And So Much More!
Links from the Show:
auction.com
BPCON2021.COM
Elon Musk
Holly Burton
Dave Ramsey
SpaceX
FedEx
CVS
KMart
Amazon
Target
Books Mentioned in this Show:
Trump: The Art of the Deal by Donal Trump
Manny Khoshbin’s Contrarian Playbook by Manny Khoshbin
Driven: The Never-Give-Up Roadmap to Massive Success by Manny Khoshbin
Check the full show notes here: https://biggerpockets.com/show509
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
It’s tough out there. Between investors, agents, and wholesalers, everyone you know wants to get a home under contract. So what do you do when there is an influx of buyers and the same amount of sellers? Start building systems that can beat out your competition and will flow deals directly to you for years to come! Now we know what you’re saying, “I wish that were possible”, but it may be easier than you think.
Trevor Mauch, founder of Carrot, spent years manually chasing after deals. Cold calling, door knocking, direct mail, and every other method you can imagine; he's tried it. While these strategies work great for many people, they’re labor-intensive and incredibly hard to scale. Trevor looked at the marketing he was doing that WASN’T outbound and realized it wasn’t only creating leads for him, but doing so while he slept.
He then started building out Carrot, which helps set up agents, investors, wholesalers, and anyone else who wants off-market deals with websites that convert consistently every day. What sets apart Carrot from most “we buy houses for cash” websites is their “evergreen content” production. This content ranks you higher on google, gets sellers and buyers reaching out to you, and allows you to do less work and close on more deals.
Learn more about how to make this happen at carrot.com/pockets
In This Episode We Cover:
Getting out of the “hamster wheel” lead generation work
Outbound vs. inbound marketing and which requires less work from you
Why social media isn’t enough in this heavily digital age
Building your “authority hubs” so sellers or buyers can trust your business
Focusing on locations and niche markets to find more buyers and sellers
What Trevor thinks will happen in the housing market over the next few years
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
Zillow
Carrot Software Company
EP 246: How to Double Your Commissions Without Doubling Your Team w/ David Greene of Bigger Pockets [HYBRID Part 1]
How to Get More Motivated Seller Leads (with no paid ads) Using 1 Proven, Simple Marketing Strategy (Free Live Workshop)
Offerpad
Opendoor
Redfin
Realtor.com
Trulia
WordPress
Fresh Chalk
David's Instagram
Farr Group
Simplysold.com
Rev
Kind House Buyers
House Heroes
Check the full show notes here: https://biggerpockets.com/show508
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Finishing a triathlon is a grueling achievement, only accomplished by those who are in peak physical and mental condition. Once finished, the top of the top go on to train for an Ironman, arguably the toughest triathlon on the planet. One hundred and forty miles of pain and pressure, broken up into a two-mile swim, a one hundred and twelve-mile bike ride, and a twenty-six-mile run. This is not a race for the faint of heart, and if you can finish just one, you have bragging rights forever.
What would it take for someone to finish not one ironman, not two, not ten, not twenty, but 100 consecutive Ironman races, back to back? Wake up, swim, bike, and run over one hundred and forty miles, go to sleep, and do it all over again. That’s what James “Iron Cowboy” Lawrence did, smashing through world records and personal goals.
James sits down with Brandon and David today to talk about mental toughness, creating goals that scare you, gradually working your way up to mastery, and asking “what am I willing to sacrifice to reach the end?” James had to run a business, take care of his seven-person family, and compete for more than a quarter of a year straight. If he can conquer one of the greatest physical and mental feats the world has ever witnessed, what’s stopping you from accomplishing your goals?
In This Episode We Cover:
Pushing yourself past the limit to see what you’re truly capable of
Breaking multiple world records and developing mental toughness
Why your goals should scare you enough to pursue them
Why you don’t need to 10x your output and the importance of small steps
Finding what you’re willing to sacrifice to reach your goal
Why every great athlete, entrepreneur, and leader needs a rockstar team
Choosing the person who “doesn’t break” under hard circumstances
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
BiggerPockets Podcast
BiggerPockets Bookstore
Open Door Capital
BiggerPockets Perks
BiggerPockets Insights
BiggerPockets Books
BiggerPockets Podcast 485: Atomic Habits That Help You Achieve Unthinkable Success w/ NYT Best Selling Author James Clear
James “Iron Cowboy” Lawrence's Website
Click here to check the full show notes: https://www.biggerpockets.com/show507
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Financial freedom is attainable for all of us, but how fast we reach it differs greatly. You may be making $100 profit per month on each single-family home you buy, but what if you could multiply that profit? A duplex becomes $200 per month, a fourplex, $400, and a 16 unit apartment will net you a solid $1,600 per month. Now, it’s not a goal of buying 50+ single-family homes to reach financial freedom, it’s buying 10 or so small multifamily investments.
This simple mindset tweak can change your life and investing career forever, it certainly did for Brandon Turner, host of The BiggerPockets Real Estate Podcast and author of The Multifamily Millionaire. This pre-recorded webinar walks through the key benefits of investing in small multifamily, how to find and finance deals, risks to look out for, and scaling so you can go full-time in real estate.
There are tons of tips, tricks, and free giveaways (including discount codes) throughout this episode, and if you’re looking for visuals, head over to the BiggerPockets Youtube Channel to see the full slideshow!
In This Episode We Cover
How to reach financial freedom through small multifamily investing
The four key benefits of investing in multifamily properties
How to find deals (even if you live in an expensive area)
How to analyze your multifamily deals using the BiggerPockets Calculators
Financing your deals using FHA loans, conventional loans, and seller financing
Risks and dangers to look out for in your next deal
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Youtube Channel
The BiggerPockets Bundle Giveaway
BiggerPocketsWebinar: How to Become a Real Estate Millionaire (presented by Brandon Turner)
BiggerPockets Podcast 463: How to Get Your First or Next Property (Step-by-Step) in 90 Days
BiggerPockets Rental Property Calculator
BiggerPockets Podcast
BiggerPockets Webinar Replays
BiggerPockets Bookstore
BiggerPockets Perks
BiggerPockets Insights
BiggerPockets Books
BiggerPockets Multislides
BiggerPockets 7 Years to 7 Figure Wealth
BiggerPockets Pro Upgrade
Realtor
Open Door Capital
Gary Keller
Multiple Listing Service (MLS)
Email Your Questions: podcast@biggerpockets.com
Check the full show notes here: https://www.biggerpockets.com/show506
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
You hear Brandon Turner’s voice quite often on the BiggerPockets Real Estate Podcast, but rarely is it heard advising new investors. Today, Brandon is taking on three live “coaching calls” with three investors, all in different stages of their investing career. Brandon and the guests talk through topics like scaling your business, branding your real estate company, and when the right time to hire is.
These investors have portfolios ranging from a few units to more than forty, making this an episode that any investor can listen to, no matter where they’re at in their real estate investing journey. This advice is hand-tailored for each investor, and comes from someone who has made it out of that “awkward teenage investing” phase.
In This Episode We Cover:
How to hire out property management when your portfolio begins to grow
Appealing to higher authority when you have to make tough decisions
Acting like you own the portfolio you’re trying to scale to
Branding your real estate company so people can trust you and invest with you
Starting your own meetup if you don’t find one that clicks
Understanding that “everything gets easier as you grow”
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Youtube Channel
The BiggerPockets Bundle Giveaway
Cozy
Apartments.com
Ring Central
Google Voice
Mobile Home Park Investors with Jefferson Lilly & Brad Johnson
The Mobile Home Park Investing Podcast with Kevin Bupp
Pay Near Me
BiggerPockets Facebook Page
BiggerPockets Facebook Group
BiggerPockets Instagram
Airbnb
Are Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do! (Youtube Video)
BiggerPockets Conference
Email Your Questions: podcast@biggerpockets.com
Joe's BiggerPockets Profile
Joe's Instagram
Joe's Facebook Page
Check the full show notes here: https://www.biggerpockets.com/show505
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Wouldn’t it be nice to be a millionaire? Sitting under a palm tree, relaxing, with plenty of money set aside for you. To be in that position you not only have to escape the rat race but pledge to live a life of continual improvement, always looking for ways you can be better. That’s exactly what Brandon Turner and David Greene did to reach their multimillionaire status and live a life of greatness.
In this episode, we continue listing the ten steps to become a millionaire, with a bonus step at the end. If you didn’t hearlast week’s episode, check out episode 503 for the first five steps mentioned by David and Brandon. This time, we talk about things like harnessing synergy, upgrading your social circle, quitting the things that hold you back, searching for continual improvement, and always giving back.
Think of becoming a millionaire less as a singular task and more as a continual journey. If you put in the work and follow these steps laid out by David and Brandon, you’ll have a high chance of becoming a millionaire (if not a multimillionaire) within the next decade. So get out there, meet people, make opportunities, and achieve the impossible.
In This Episode We Cover:
Getting on a team where your strength is amplified
Surrounding yourself with those who overachieve and push you higher
Finding a way to quit everything repeatable or assignable
Doing what others view as “hard” and pushing yourself to be great
Helping others upgrade their lives and giving back whenever possible
Taking advantage of this strong economy to tackle as much as you can
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Youtube Channel
The BiggerPockets Bookstore
GoBundance
Open Door Capital
Email Your Questions: podcast@biggerpockets.com
BiggerPockets Podcast 217: How to Work Less and Earn More Using the 80/20 Rule with Perry Marshall
BiggerPockets Podcast 457: How Thinking 5 Moves Ahead Can Make You Millions with Patrick Bet-David
Click here to check the full show notes: https://www.biggerpockets.com/show504
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
You probably know Brandon Turner and David Greene as multimillionaire real estate investors. What you may not know, is that a decade ago this was a very different story. Brandon didn’t grow up in a wealthy family, and by his 20s, had packed on about $20,000 of credit card debt while spending $1,000 more than he could afford each month. David grew up in a family where finances were a constant stressor, he later vowed to himself that he would never let money problems hurt him or the people he loves.
Now, both Brandon and David have made the long journey from rags to riches, and through investing in real estate they were able to pull themselves up by their bootstraps and reach financial independence. Today, we talk through the first five (of ten) steps that helped Brandon and David reach this financial feat.
This is a great episode to take notes on, as becoming a millionaire is close to impossible without following most, if not all of these steps. While this episode isn’t entirely focused on real estate investing, a large part of being a successful real estate investor is financial intelligence. Even if you’ve made mistakes in the past with investments, debt, spending, or any other financial lever, following these ten steps will give you a solid framework to stair-step your way into millionaire status.
In This Episode We Cover
How Brandon and David discovered their need for financial independence early in life
Thinking of money the same way you think about fitness and health
Reaching huge financial milestones, even if you started out with extra obstacles
Fighting lifestyle creep and never falling into the Ferrari trap
Building an income stream that is scalable, passive, and automated
The “stair-stepping” method that leads to massive wealth accumulation
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Youtube Channel
The BiggerPockets Bookstore
Alan Corey
Gary Keller
BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming
BiggerPockets Podcast 447: Create Your Dream Life in 3-5 Years Using Vivid Visions with Cameron Herold
BiggerPockets Podcast 461: Defeating the “Enemy of Success” with Steven Pressfield (The War of Art)
GoBundance
YNAB (You Need A Budget)
Mint
Open Door Capital
Email Your Questions: podcast@biggerpockets.com
Check the full show notes here: https://www.biggerpockets.com/show503
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Welcome back to another episode of the BiggerPockets Podcast. Today, we’re trying a new format where David Greene and Dave Meyer bring on an expert in the real estate investing space and talk through all the market trends, legislature, and other factors influencing the housing market and economy.
As our special guest, Kathy Fettke from the Real Wealth Network joins us to talk about housing market predictions in 2021 and beyond, the eviction moratorium (and its effects after ending), and where investors should start looking for opportunities. We touch on economic concepts like supply and demand, how this market compares to 2007’s bubble, why millennials are soon to become the biggest buying cohort in America, and the underbuilding crisis that we’re currently facing.
If you’d like to request a topic for discussion or ask a question, send us an email at podcast@biggerpockets.com with NEWS in the subject line!
In This Episode We Cover:
Housing market predictions for 2021 and beyond
Comparing today’s high values to the values back in 2007
The eviction moratorium and the impact it had on mom and pop landlords
Understanding the difference between the dollar crashing and home values skyrocketing
When we will return to a more “normal” housing market
Why millennials face an uphill battle when trying to purchase homes
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Youtube Channel
Dave's Real Estate News
NMHC Rent Payment Tracker
Email Your Questions: podcast@biggerpockets.com
Check the full show notes here: http://biggerpockets.com/show502
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
We’re back with another episode of “Seeing Greene” with David Greene! Listeners and investors have submitted their questions via video and through the BiggerPockets Facebook Groups and BiggerPockets forums over the past month, we’ve compiled some of the best (and most frequently asked) questions so David can answer them live on air!
This episode goes over a handful of different topics with questions from agents, wholesalers, new home buyers, rookie investors, veteran investors, and others just trying to get into real estate investing. These questions are not only common, but crucial when trying to understand purchasing, structuring, and optimizing real estate investments.
If you want to ask David a question, click here to submit a video for David to answer on the next “Seeing Greene”! Want an answer right away? Head over to the BiggerPockets forums to get help from millions of other real estate investors, just like you.
In This Episode We Cover:
How to become a star agent in a brand new (or competitive) market
Should you use points to get lower interest rates?
How soon can you refinance a house purchased in cash?
What are some factors of a successful short-term rental?
How would David escape a triangle hold from Brandon Turner?
How do you structure partnerships?
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Youtube Channel
BiggerPockets Bookstore
David’s Instagram
BiggerPockets Bundle
BiggerPockets Wealth Magazine
Submit Your Questions to David Greene
Click here to check the full show notes: https://www.biggerpockets.com/show501
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Robert Kiyosaki is arguably the most influential author in the finance, real estate, and investing space. His book, Rich Dad Poor Dad, has sold over thirty million copies and has been translated into forty different languages across forty different countries. Since its inception in 2002, Rich Dad Poor Dad has become almost every investor’s favorite book, prompting them to get out of the rat race, pursue financial independence, and teach them everything Robert’s “Rich Dad” taught him.
Robert has seen numerous housing cycles, including crashes, booms, and busts. His knowledge of micro and macroeconomics is astounding (to say the least) and he has some strong predictions for the future of real estate investing and the global economy as a whole. We talk about capitalism, marxism, communism, inflation, debt, assets, liabilities, and everything in between. This episode is not only crucial for anyone who is a fan of Robert’s books, board games, and videos but anyone who truly wants to learn the game of real estate.
As a general word of advice: Robert has some very strong opinions that he voices throughout this episode, and even if you disagree with any (or many) of them, it may serve helpful to listen to his full explanations of his takes. Robert has built an incredibly successful life, but started as a child of a financially dependent family, served in the marines during the Vietnam war, and has fought hard to keep capitalism alive and well in the United States, and abroad.
Be sure to grab Robert’s new book, Capitalist Manifesto, and thank you for joining us for the 500th episode of The BiggerPockets Podcast!
In This Episode We Cover:
Why Rich Dad Poor Dad remains a timeless classic in the investing world
Why Robert favors real estate, precious metals, and cryptocurrency above other assets
The difference between an asset and liability, and why so many Americans confuse them
Writing (and fighting) for freedom, prosperity, and wealth
Paying attention to the macroeconomic trends and using them to make smarter investing decisions
The assets that Robert is bullish on in today’s market
Why you need to love studying real estate to become successful
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Youtube Channel
BiggerPockets Bookstore
Brandon's Instagram
David’s Instagram
BiggerPockets Bundle
BiggerPockets Wealth Magazine
BiggerPockets Podcast 479: 10 Powerful Lessons Brandon Learned Building a $50M+ Rental Portfolio
Ray Kroc's Story
Dave Ramsey's Website
Cashflow Game
GoBundance
Ken McElroy's Website
David's Guesting on Ken McElroy's Show
Jordan Peterson's Website
Check the full show notes here: https://biggerpockets.com/show500
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Many people call themselves “entrepreneurs” nowadays. Essentially, anyone who can make some kind of income on their own is an entrepreneur, but there is a big difference between an entrepreneur and a business owner. While an entrepreneur can start businesses, a business owner can build, enhance, and delegate out a business. This is something that today’s guest, James Wedmore, is proficient at.
James’ experience in this field speaks for itself, he’s an 8-figure CEO, a highly sought-after coach for successful business leaders, and runs the Mind Your Business *Podcast. He has a unique viewpoint when looking at growth, which allows many business owners to take a step back and think “what is truly achievable?*”
James helps business owners grow their businesses into scalable, profitable, and successful operations. He focuses on building a “machine” that can run as a business, as opposed to a business owner doing 10+ different tasks, solely because they can. He also talks about the importance of having urgency in your product offering and giving your business what it needs to thrive, not just trying to extract what you need from it.
In This Episode We Cover:
The difference between entrepreneurs and business owners
Why so many business owners get bored of their business
Addressing the needs of your business and asking “what does it want from me?”
Letting go of technician roles in a business and delegating tasks
Getting rid of bad habits through mindful integrity
Forgiving yourself for mistakes, self-judgment, and blame
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Youtube Channel
BiggerPockets Bookstore
Brandon's Instagram
David’s Instagram
OpenDoor Capital
Mind Your Business Podcast
BiggerPockets Podcast 484: 3 Ways to Simplify Your Real Estate Investing with Brandon Turner
BiggerPockets Podcast 449: How Emails Are Constantly Destroying Your Productivity with Cal Newport
Click here to check the full show notes: https://www.biggerpockets.com/show499
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
When most people think about section 8 housing, they think of run-down homes, troublesome tenants, and negligent landlords. This stereotype may prove true in some markets, but for Dr. Joe Asamoah, this is far from reality.
Joe has built his real estate portfolio by renovating homes to an incredibly high standard, situated in some of the best neighborhoods in the DC market, and all while under section 8 housing. Joe figured out early on that section 8 housing authorities gave much more rent money for houses with 5 bedrooms and up, so he started renovating to match the rent section 8 could provide him. This not only allows him to take home a sizable profit, but score tenants who will respect his homes as their own, and stay there for 15 to 20 years minimum. This is no joke, Joe has tenants who have been with him for two decades!
You’ll see a deep dive of Joe’s latest property in today’s episode, complete with pictures, videos, and other helpful visuals. If you’re only listening to this podcast, we’d highly recommend checking out the video version over on the BiggerPockets Youtube channel!
In This Episode We Cover:
What the “Big City BRRRR” strategy entails
How to control tenant turnover so you have ZERO vacancy
Using section 8 to take in higher rents
How to create a top tier product that attracts top tier tenants
Becoming the best landlord a tenant could ask for
Adding bedrooms, bathrooms, and getting permits for everything in between
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Calculators
BiggerPockets Pro Membership
BiggerPockets Youtube Channel
BiggerPockets Bookstore
Brandon's Instagram
David’s Instagram
BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah
Rookie Podcast 03: Coronavirus Crash? Do's and Don'ts from Recession Veterans Joe Asamoah and Steve Rozenberg
BiggerPockets Youtube: Big City BRRRR Strategy & Recession Proof Cash Flow Real Estate with Joseph Asamoah!
Check the full show notes here: https://www.biggerpockets.com/show498
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
We’re back for part two with The Multifamily Millionaire authors Brandon Turner and Brian Murray. This time, Brian is on the mic to give you the ten steps to purchase your first large multifamily property. You may be thinking that these ten steps sound too easy for such a large deal, but that is part of the advice that Brian gives.
Brian wants smaller multifamily owners or even single-family owners to know that buying a large multifamily property is just more volume, not a completely different skill set. If you own one or multiple units right now, you may have more skills than most to take down a 100-unit apartment building or a big mobile home park. The only thing standing in your way is the mindset.
This episode just scratches the surface of what’s possible in large multifamily real estate investing, the rest can be found in The Multifamily Millionaire Volume II. As a reminder, if you purchase before the end of August 2021, you’ll get a four-week multifamily masterclass, taught by Brandon Turner.
In This Episode We Cover:
Why chasing larger deals leads to larger profits
Understanding the skills needed to become a successful multifamily investor
Shrinking your criteria down to a micro-level, not just a macro overview
Starting (or investing in) syndications so you can get into bigger multifamily deals
Capital stacks, debt, and other types of financing when buying large properties
Why underwriting is more than just putting numbers into a spreadsheet
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Calculators
BiggerPockets Pro Membership
BiggerPockets Youtube Channel
BiggerPockets Bookstore
Brandon's Instagram
David’s Instagram
BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray
BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray
Discover the Multifamily Book bonuses
Click here to check the full show notes: https://www.biggerpockets.com/show497
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
For the most part, Brandon Turner was able to achieve financial independence through small multifamily investing. This is why investing in duplexes, triplexes, quadplexes, and even 24-unit apartment buildings can be a fantastic learning experience and money maker for new landlords. But how do you get started if you’ve never bought a property before?
Brandon and his co-author of The Multifamily Millionaire, Brian Murray, walk through the seven steps to go from real estate onlooker to small multifamily master. We talk about everything from defining your criteria, financing, management, lead generation, and more. If you’re looking to build a portfolio of small multifamily properties that will allow you to break out of the rat race and do more of what you love (which may be large multifamily), make sure you not only listen to this whole episode but get Brandon and Brian’s new book!
This is a two-part episode series. In part one we talk about small multifamily and in part two we talk about large multifamily, both episodes have crucial information for anyone trying to get into the multifamily space!
In This Episode We Cover:
The difference between small multifamily properties and large multifamily properties
Financial independence vs. generational wealth and understanding which goal you have
Why you don’t necessarily need to start small in multifamily
Defining your crystal clear criteria and knowing what you want
On-market leads vs. off-market leads and the pros/cons of both
Financing small multifamily properties and house hacking
The “multifamily warp” that takes you from newbie investor to multi-millionaire
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Calculators
BiggerPockets Youtube Channel
BiggerPockets Bookstore
Realtor.com
LoopNet
Zillow
Jason Drees's Coaching
Ryan Murdock's Instagram
Mike Williams's LinkedIn Profile
Micah Cabagbag's Instagram
BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray
BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray
Check the full show notes here: https://www.biggerpockets.com/show496
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
It often seems like the most successful people are the ones who take the most risks. There’s no surprise that at one point, billionaire entrepreneurs were given the choice to either stay where they stood or leap for something greater. This is something that today’s guest, Sukhinder Singh Cassidy, understands. She’s helped lead some of the biggest companies around like J Crew, Stitch Fix, TripAdvisor, and Urban Outfitters (just to name a few).
The one thing that Sukhinder has found throughout her years in Silicon Valley and through writing her new book, Choose Possibility, is that groundbreaking leaders don’t just take one big risk, they take several small ones. This works for real estate investors too. If you’ve just gotten into real estate investing education, the first step for you isn’t to go out and buy a house, it’s to join a meetup, contact an agent, or even join the BiggerPockets forums. These are what Sukhinder calls the “minimum viable choice”. Don’t worry about doing everything, just do something!
Sukhinder gives some great advice on leadership for those in executive business roles, plus how to find talent in this increasingly competitive market. If you’re just starting in your career, take Sukhinder’s advice and do great work for great people, the rest will fall into place.
In This Episode We Cover:
How Sukhinder’s love of entrepreneurship began
“Coconut events” vs. “subway events” (and how you can plan for both)
Embracing uncertainty and calculating your risks
Starting in Silicon Valley and building a strong reputation
Choosing to make the “minimum viable choice” whenever possible
How to know whether you’re managing others or having others manage you
What leaders and business owners can do to attract the best talent
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Calculators
BiggerPockets Youtube Channel
OpenDoor Capital
Brandon and David’s Books
BiggerPockets Podcast 447: Create Your Dream Life in 3-5 Years Using Vivid Visions
BiggerPockets Podcast 407: Buying 100+ Houses/Year in 4 Hours/Week Using Teams, Traction, and (Get this…) TikTok
Choose Possibility Website
Click here to check the full show notes: https://www.biggerpockets.com/show495
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
There’s a new three-peat on the BiggerPockets Real Estate Podcast, and no, it’s not Michael Jordan. Danny Johnson, the founder of Forefront CRM, is back with us on today’s episode to talk about the five F-words of real estate investing. Before you jump to conclusions, this is a family-friendly show, the F-words we’re talking about are fear, fundamentals, focus, funnel, and follow up.
Many investors find too few deals, too few motivated sellers, or too few ways to find financing. This is all being said while other investors are closing deals, finding motivated sellers, and getting the financing they need to pursue even more deals. What separates the two from each other? Often, it comes down to the simplest things.
Are you trying to be too creative or are you mastering the fundamentals? Do you know your metrics down to a tee so you can improve upon them? How is your funnel being filled and where are your leads coming through? If leads come through, are you following up or letting them fade away? And lastly, are you pushing past your fear to do any of the above things?
If you feel like you’re stuck, without much of a handle on your real estate business, feel free to try Danny's Forefront CRM!
In This Episode We Cover:
How to create time freedom in a business largely depends on your efforts
Tracking how your team performs their work and continuously improving
Pushing past fear and not allowing laziness to stop your dreams
Understanding the fundamentals and performing them as well as possible
Tracking and reviewing metrics consistently
Knowing the costs to fill your funnel and seeing every phone call as a potential deal
Following up with customers (without being too salesy or pushy)
And SO much more!
Links from the Show
BiggerPockets Forums
BiggerPockets Calculators
BiggerPockets Youtube Channel
BiggerPockets Podcast 018 : Flipping, Marketing, and Wholesaling with Danny Johnson
BiggerPockets Podcast 144: Getting Out of Your Comfort Zone and Kicking Butt at Real Estate with Danny Johnson
Trello
Pipedrive
ForefrontCRM
Brandon's Instagram
David's Instagram
Check the full show notes here: https://biggerpockets.com/show494
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
It’s rare to find someone with the experience, knowledge, and downright friendliness of Ken McElroy, which is why we’re having him back on the show! This time, Ken breaks down some of the fundamental truths of real estate investing and how it can help you, as an investor, make more money, reach financial freedom, and live the life you were born to live.
Ken has been in the real estate game for decades, starting as a property manager in college, becoming a landlord with a sizable portfolio, then meeting Robert Kiyosaki and working on books, education, and systems with some of the biggest names in real estate. Ken has been through multiple market cycles, dozens of policy changes from the government, and made lots of money on many different types of deals. He has a unique experience that gives him a leg up on much of the new competition.
You’ll hear Ken’s thoughts on the “affordability crisis” we may be facing in the coming years, how short-term rentalsare changing the landscape of month-to-month rentals, and how an inexperienced investor can get started with “good debt”. Make no mistake, the lessons Ken talks through in this episode took decades to learn, but you can get them all in just over an hour!
In This Episode We Cover:
How COVID did (and didn’t) affect the market for real estate investors
Leveraging “good debt” so you can build your real estate empire
When prices of labor, lumber, and new construction will flatten
What the future of the real estate market will look like, and how landlords can benefit
Working with the system (government, tax codes, etc.) as opposed to working against it
Why great deals will always get funded (especially in today’s market!)
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Calculators
BiggerPockets Youtube Channel
OpenDoor Capital
Brandon and David’s Books
Real Estate Rookie Bootcamp
BiggerPockets Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy
Airbnb
Get Ken McElroy's free e-book for BiggerPockets listeners
Click here to check the full show notes: https://www.biggerpockets.com/show493
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Rob Abasolo, AKA Robuilt on Youtube, didn’t have a background in real estate, or construction, or hospitality, or really anything related to his current success. He did have drive, creative thinking, and the will to make something work when other people told him it was impossible.
Rob and his wife moved from Kansas City to Los Angeles, trading a $1,100 mortgage on a house for a $1,800 rent bill on a small apartment. Around this time, Rob started hearing about Airbnb and short-term rental hosting. So, he decided to buy a house, keep his apartment, and try his hand at some Airbnb arbitrage. It worked, and thus the short-term rental revenue model was proven!
Rob then started to Airbnb out the apartment attached to his new home. He was pulling in some solid income, anywhere from $2,000 to $3,000 a month. So what did he do next? He built a “tiny house” in his backyard for around $72,000 and began renting it out for up to $4,000 a month on Airbnb. That’s when Rob thought “what if I built ten of these?”
Now, four years later, that’s exactly what he’s done. Rob has a growing portfolio of short-term rentals all across the United States. From California to Texas, to Tennessee and beyond. But this isn’t the end for Rob. His new plans? Build a massive “glamping” compound on his newly acquired 50 acres of land in Gatlinburg!
In This Episode We Cover:
Airbnb arbitrage and the risk of always going after cashflow
Offsetting your mortgage with short-term (or long-term) house hacking
Airbnb regulations and making sure you’re allowed to host visitors
Building a “tiny house” and the cost associated with it
Funding your deals through HELOCs and partnerships
The new trend of “glamping” and why it may be a massive opportunity
And SO much more!
Links from the Show
BiggerPockets Forums
BiggerPockets Calculators
BiggerPockets Youtube Channel
American Horror Story
Turo
Joshua Tree Harebnb Listing
BiggerPockets Podcast 280: The Key to Making Great Deals (Hint: Overlooked Properties!) with Mark Hentemann (Writer for TV’s Family Guy!)
Zillow
Airbnb
Check the full show notes here: https://biggerpockets.com/show492
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Many of us have a story behind doing what we do. You may have been raised by parents living paycheck to paycheck, spurring you to chase financial freedom and create a better life. Or maybe you labored tirelessly at work to get a promotion or raise, simply to be passed up for someone else. For Adam Gilbert, founder of MyBodyTutor, his “why” is his father.
Adam looked up to his father all his life but saw the pain and distress he was going through when he had a heart attack, a triple bypass surgery, and was later diagnosed with multiple sclerosis. This forged a path for Adam that materialized in the health and fitness space. Adam knew that he never wanted to be “too tired” to play with his kids, spend time with his family, or pursue a passion.
As Adam has grown his business over the past decade and a half, he’s come away with many lessons that ring true for not only fitness enthusiasts but business owners as well. We talk through the five rules that Adam has put together for anyone to become healthy, wealthy, and mentally sound. While this is a mindset episode, you’ll be surprised with how many of these rules crossover almost perfectly into real estate investing.
In This Episode We Cover:
When to quit your full-time job and pursue your passions
Choosing daily consistent action over large infrequent actions
Why health is the ultimate productivity tool
Setting up “planned indulgences” and being strict, yet fair with yourself
Choosing consistency over intensity and opting for small changes over time
Doing what scares you until it doesn’t
Accountability through partners, coaches, and friends
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Calculators
BiggerPockets Youtube Channel
BiggerPockets Bookstore
GoBundance
OpenDoor Capital
Brandon and David's Books
Adam from My Body Tutor
BiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy
Mybodytutor.com Special Deal for Listeners
Click here to check the full show notes: https://www.biggerpockets.com/show491
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
We all know that Hawaii is expensive. With its black sand beaches, fantastic surfing waves, and delicious poke bowls, why wouldn’t you want to live and invest there? Well, even with all those positives, many investors steer clear of Hawaii due to its high prices and lack of land, but one investor, Indar Lange, has proven those critics wrong.
Indar is Hawaii’s largest flipper, running about 15 flips at any given moment, and tackling deals priced at upwards of $3,000,000! Indar is no rookie to the game, he’s been doing this for the last decade and a half, but he had humble beginnings.
Growing up poor on a farm in rural Hawaii, Indar thought that his life would be set once he got his engineering degree. After realizing that engineers topped out at about $150,000 per year, Indar had to think of something else to do. He coincidently bought a small home at the time, fixed it up, and sold it after living in it for a few years. He paid zero taxes on the gain and this became his first live in flip, which caused the real estate wheels to start turning in his head.
Now, he’s hooked up with some of the best lenders, agents, wholesalers, contractors, and investors in the Hawaii area, taking down massive deals for a big payday. You’ll hear Indar’s full story and catch his “Ninja Tips” for the aspiring real estate investor.
In This Episode We Cover:
Why real estate the go-to investment for the wealthiest people in the world
Completing a live in flip and the tax benefits associated with it
When it makes sense to attend a real estate course (even expensive ones)
How Indar stopped his first flip from falling through due to lack of funding
Financing your deals with hard money and private money loans
Long-distance real estate investing from Hawaii
Cost segregation studies and other tax write-offs from real estate
Indar’s “Ninja Tips” for real estate investors
And SO much more!
Links from the Show
BiggerPockets Forums
BiggerPockets Calculators
BiggerPockets Youtube Channel
BiggerPockets Bookstore
Plastiq
BiggerPockets Hard Money Lenders
BiggerPockets Money Podcast
Mindy's BiggerPockets Profile
Home Depot
Yelp
BiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl Yarber
BiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan “The Mercenary” Murdock
BiggerPockets Conference
Brandon and David's Books
Adam from My Body Tutor
Check out the full show notes here: https://biggerpockets.com/show490
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Real estate is a business, but we often don’t think of it that way. A single-family home here, a duplex there, at the end of the day we’re just landlords, right?
What if some large corporation or outside buyer wanted to buy your real estate business from you. Even better, what if you had such efficient systems in place that you could sell your business for 10x what you put into it. Sounds pretty sweet right?
Today we talk to Michelle Seiler Tucker & Sharon Lechter, authors of Exit Rich and Rich Dad Poor Dad. Michelle and Sharon have spent years building and selling businesses and have defined the 6 Ps to a profitable exit. Their main critique of most business owners: start planning to scale efficiently TODAY.
This can help you as a real estate investor start putting systems in place to grow your portfolio faster and with less work from you later on. If you’re willing to put in the upfront effort to start hiring right, systematizing, and opting for efficiency you most certainly will “exit rich”!
In This Episode We Cover:
What business owners do that costs them millions in company valuation
The 6 Ps to a profitable (and stress-free) exit
Building systems that allow your business to grow efficiently
Focusing on company culture and having an employee liaison
Why most business owners won’t let go of their “hands-on” role
How a business is valued (and what you can do to boost your valuation)
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
GoBundance
OpenDoor Capital
Brandon's Books
BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
Cherry Creek Lodge - Guests Ranch
Exit Rich Website
Click here to check the full show notes: https://www.biggerpockets.com/show489
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The average journey of a real estate investor tends to go something like this: buy a house, use profits to reinvest into another house, buy a duplex here and there, and buy another house again. Does this sound like you or someone you know?
For Feras Moussa, stacking single-family properties was never the goal, especially after he had to manage his first rental investments. At some point, it becomes too hard to scale and you’re stuck with 30+ units and 30+ tenants all trying to get your attention to fix something. This is how real estate can become more of a job than a business.
Feras knew this so he started venturing into medium/large multifamily investments instead. His first big multifamily deal was a 99-unit deal in Atlanta, Georgia. He was able to take a neglected apartment complex and turn it into a cash-flowing, high-value piece of property that he later sold for a sizable multiple. Now, Feras does bigger deals, like a $50M+ apartment complex that his company Disrupt Equity and Open Door Capital are partnering on.
If you feel too scared to jump (or even dip your toe) into bigger multifamily investments, hear out Feras. He shows it’s a lot less scary than most people think.
In This Episode We Cover:
How to scale your real estate investment portfolio with medium/large multifamily
The habits that a successful multifamily investor develops
Networking and being more than just the “business card” person
Why masterminds are a HUGE source of deals, partners, and friends
Underwriting and how it differs from basic deal analysis
Using “value-add” to increase the value of a property and cash flow
The red flags you should look for when buying multifamily properties
And SO much more!
Links from the Show
BiggerPockets Forums
BiggerPockets Calculators
BiggerPockets Youtube Channel
GoBundance
Brandon's Books
Best Ever Conference
Blackstone
Check the full show notes here: https://biggerpockets.com/show488
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
David Greene is back and we’re “Seeing Greene” as he answers some of the most common real estate investing questions from BiggerPockets listeners! David goes over a multitude of different questions, ranging from financing, to acquisition, to mindset, and strategy.
Not only does David have the experience of being a real estate investor, he’s also a licensed real estate agent and owns a mortgage company as well. This allows him to have insider insight that many real estate investors simply don’t have.
If you’ve wanted a question answered by an industry expert, stick around because your question might just be answered on this episode of “Seeing Greene”!
In This Episode We Cover:
Building leverage with HELOCs and Cash-Out Refinances
When to lower rent prices on a vacant property that won’t fill up
Write-offs and tax deductions that real estate investors can use
How newly proposed capital gains taxes may influence seller financing opportunities
How to shift your mindset and identity to fit the person you want to become
Finding financing when you’re self-employed or have low income
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Youtube Channel
Rookie Podcast 55: Combining House Hacking and Live in Flips with Tyler Madden
Submit Your Questions to David Greene
Click here to check the full show notes: https://www.biggerpockets.com/show487
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
It’s understandable why so many real estate investors don’t want to partner up. I mean, who wants to split half of a rent check with someone else? This can seem especially true when you’re just starting and every cent of profit counts. But, what if the path to financial freedom was through partnerships? What if you could grow your wealth, spend less time working, and scale far faster simply by leveraging your relationships.
With us are the hosts of the new InvestHER podcast, Liz Faircloth and Andresa Guidelli, two real estate veterans who partnered up to teach women about financial freedom, cash flow, and everything related to real estate. Liz and Andresa are both partners in real estate and partners in leading the InvestHER community, so they know a thing or two about what makes partnerships work and what doesn’t.
We talk about questions to ask potential partners, how to test out a partnership by doing a project together, formalizing a partnership with binding contracts, how to stop resentment in partnerships, and how to end partnerships that go bad.
If you’re looking to scale your real estate portfolio to new heights, you’ll definitely be using partnerships to do so. Tune in to make sure you and your partner stay protected!
In This Episode We Cover:
Why it’s so hard to scale in real estate without partnerships
The top questions to ask a potential partner
Testing out your partnership by doing a small deal together
Making deposits into the “emotional bank account” of a partnership
Finalizing your partnership agreement with an attorney
Keeping information flowing on both sides
Preventing (and ending) bad partnerships
The new InvestHER podcast!
And SO much more!
Links from the Show
BiggerPockets Forums
OpenDoor Capital
Real Estate Rookie Podcast
BiggerPockets Business Podcast
BiggerPockets Money Podcast
BiggerPockets Podcast 088: Investing with Your Spouse, Managing Financials, and Growing Your Team with Matt and Liz Faircloth
BiggerPockets Podcast 203: Finding Deals, Funding, Contractors, and Mentors with Matt and Liz Faircloth
BiggerPockets Podcast 314: How to Find Rockstar Contractors and Manage Like a Boss with Andresa Guidelli
Matt Faircloth's BiggerPockets Profile
Ryan Murdock's BiggerPockets Profile
Mindy Jensen's BiggerPockets Profile
BiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy
BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan
Check the full show notes here: https://www.biggerpockets.com/show486
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Three years ago, Atomic Habits was released. In this groundbreaking book, author James Clear asks a complex question “why do we continue our bad habits while neglecting good habits?” While it’s not as easy as simply saying, “I want to be better, hence I’ll stop doing this”, there are some ways that you can convince (and often trick) yourself into developing the habits that will help you create a better life.
The first thing to know about habits is that they aren’t a minimal part of your life. Your habits are what your life is built upon. Do you habitually clean your room every week? You’re most likely a clean and well-organized person. Are you constantly looking for ways to save money? You probably have a decent-sized bank account. If you want to become the “money person” or the “helpful person” or the “intelligent person” you need to start adopting the habits that someone in those positions would have.
So how do you develop a good habit? More importantly, how do you halt your bad habits from derailing your entire life? James walks through a few key ways to do this, from making habit cues less obvious, to changing your environment, to removing yourself from the choice entirely. One thing is for certain, if you want to change your life for the better, you need to start changing your habits.
In This Episode We Cover:
How James developed his interest in habits and psychology
Becoming “the architect” of your habits and not falling victim to poor choices
Understand the end goal and slowly work your way to it
Taking on the actions of someone successful and becoming that identity
Why bad habits can be so hard to break
How long does it take to develop a habit?
Intaking media that will change your mindset and influence your actions
And So Much More!
Links from the Show
BiggerPockets Forums
OpenDoor Capital
BiggerPockets Youtube Channel
BiggerPockets Pro Membership
BiggerPockets Events
BiggerPockets Facebook Group
BiggerPockets Store
Brandon's Instagram
David's Instagram
BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors
Click here to check the full show notes: https://www.biggerpockets.com/show485
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Brandon Turner is a man of many talents. Whether it be building a real estate empire, growing a team, or surfing out in Maui, he seems to make it all look so simple. Yet, that is his key to success. Simplicity.
Brandon’s keynote speech from BPCon 2019 touches on many things, including how to simplify your business so it’s working for you, how to grow a team you trust, working with your strengths, and becoming the superhero in your own story. It also includes glimpses into Brandon’s everyday life. From hair styles, to how to ask out your crush, and even saving naked swimmers on Maui beaches.
Regardless of where you’re at in the journey, every successful business owner (whether real estate or not) has to make a big business into something simple and seamless, and that’s what you’ll learn from Brandon’s keynote speech.
Want tickets to BPCon 2021? Click here!
In This Episode We Cover:
How to make your real estate business as simple as possible
How to take the complexity out of tasks that seem difficult at the start
Why simple isn’t easy (but it’s worth it)
How to stop yourself from “building too many bridges”
Why you need to hire before you’re ready
The importance of rehearsing your steps (in business and surfing)
How to become the “Superhero” in your story
Why Brandon had a mullet in his youth
And SO much more!
Links from the Show
BiggerPockets Forums
OpenDoor Capital
BPCON2021
J Scott 's BiggerPockets Profile
BiggerPockets Business Podcast 18: How to “Have It All” by Living with Intention with Brandon Turner
BiggerPockets Podcast 394: Making a 25 Deal/Year Business (and Marriage) Work… Together! with Elliot and Chrissy Smith
Ryan Murdock's Facebook Profile
Check the full show notes here: https://www.biggerpockets.com/show484
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Last week, Brandon and David sat down to talk about the “Core 4” of any successful real estate team. Now they’re here to talk about the “Divided 5-ed”, a term they coined to describe the five team members you’ll need to scale your portfolio to new heights. Both Brandon and David agree that a sizable, growing real estate portfolio needs to be thought of more as a business than just a group of rental properties.
Maybe you’re looking to scale into large multifamily properties, commercial properties, self-storage units, or mobile home parks. Or maybe you’re just going to buy 1,000 single-family homes. Whatever your strategy, you will need a lead generator, underwriter, money raiser, asset manager, and financer/bookkeeper on your team. You may start out doing many of these roles when you buy your first few properties, but as you scale, you’ll need to fill these roles with more fitting individuals.
Maybe you want to get more experience before you start buying properties. Great! Join someone else’s team and think about how you can be the BEST in the role that you’ve been appointed to.
In This Episode We Cover:
The five roles that will make scaling possible (and easy) for your future acquisitions
How to choose the asset class that fires you up
Using DISC scoring to decide who would be best for each role
How Brandon built his team at Open Door Capital using this layout
Finding a team where you learn, grow, and thrive
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
BiggerPockets Pro Membership
Open Door Capital
BiggerPockets Podcast 481: Build an Unstoppable Real Estate Portfolio with the “Core 4”
BiggerPockets Podcast 407: Buying 100+ Houses/Year in 4 Hours/Week Using Teams, Traction, and (Get this…) TikTok with Ryan Pineda
BiggerPockets Podcast 444: 150 Deals at Age 22 by Putting Relationships Over Profit with Cole Ruud-Johnson
How to Use the DISC Profile to Communicate Effectively in Business
BiggerPockets Events
BiggerPockets Facebook Group
BiggerPockets Store
Brandon's Instagram
David's Instagram
Click here to check the full show notes: https://www.biggerpockets.com/show483
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Everybody is busy. We have jobs, kids, businesses, and responsibilities to take care of. Why go out of your way and risk your money and time to invest in real estate? Mike Webb, firefighter, investor, flipper, and wholesaler argues the opposite. Mike says that it’s far riskier to simply rely on your job for the entirety of your income.
Mike began his investing career by investing in a side-by-side duplex, rehabbing it, and failing to complete a successful BRRRR. After seeing the cash flow and learning from his mistakes, Mike saw an investment strategy that could carry him to financial freedom. He is still working as a full-time firefighter, but is building his portfolio and completing 20-30 flips per year while he does so. This gives Mike the ultimate freedom to do whatever is best for him and his family, even though he loves his job.
In a world where it seems cool for everyone to quit their job, Mike reassures those who like their work that it’s worth staying, especially to keep that investment money flowing. He also walks through his partnerships, how he hires his team members, and what you can do to systematize your business so you can outsource your work as you take on more strategic roles!
In This Episode We Cover:
Why you don’t have to choose between a career and investing in real estate
Learning from your first deal and using your newfound knowledge to expand
Why the 1% rule and 2% rule shouldn’t be the ONLY metric you consider during deal analysis
Using the BiggerPockets Forums to meet partners, mentors, and other real estate professionals
The “OODA Loop” and why it’s a great tool for organizations
Starting a meetup and being in the know with local investors
Why working AND investing decreases your overall financial risk
And SO much more!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
BiggerPockets Podcast 469: Why Do Investors Lie to Themselves? +More Audience Q&A (Pt. 2) (Mike's question)
BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene
Open Door Capital
Voxer
Slack
Loom
WizeHire
Google Docs
BiggerPockets Events
BiggerPockets Facebook Group
BiggerPockets Store
Brandon's Instagram
David's Instagram
Check the full show notes here: https://biggerpockets.com/show482
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
David Greene is great at coining new terms, just like his co-host Brandon Turner. Today we talk about the “Core 4” of any successful real estate investor's team. This includes the agent/deal finder, the property manager, the lender, and the contractor. Without these Core 4, you’ll have trouble building a real estate empire, especially if you’re doing so long distance. The good news? Even if you’re a brand new investor, you can start building out these relationships today!
With the help of BiggerPockets, you can find agents, lenders, property managers, and contractors. You can also head over to the forums and chat with other investors in your area, get their take on who’s the best in the business, and use their referrals to grow your team.
Are you an agent, lender, contractor, or property manager? Great! Brandon and David drop some tips on how you can attract the best clientele that will help you grow your businesses as well. The most important part of any of this is having open, honest, consistent communication with your team members and making sure nothing is falling through the cracks so everyone knows exactly what they should be doing.
In This Episode We Cover:
What the “Core 4” is and why it’s crucial for all real estate investors
How to find an agent using BiggerPockets’ agent directory
What agents can do to find clients that will close many times over
Why you should never “just go for the rate” when comparing lenders
Why a great property manager should be out of sight and out of mind
Choosing a contractor who ISN’T just an “order taker”
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
BiggerPockets Pro Membership
Real Estate Investing Calculators
Beardy Brandon
BiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy
BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan
BiggerPockets Podcast 475: 50x Your Revenue By Focusing on ROR (Return on Relationships) with John Ruhlin
https://www.biggerpockets.com/show481
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
At one point, Dan Brault had a construction company working on custom builds in upstate New York. He had left behind a successful sales career to do it and although he was highly stressed, he felt all of his hard work was going to be rewarded sometime soon. That is, until, he had a huge project that went over budget, over the timeline, and forced him into $400,000 worth of debt.
Dan closed his company, went back to sales and started to think about what he did wrong. Was it the leadership? Was it the system? Was it just bad luck? Dan went to work, doing whatever he could to level up his business skills so he could get back into real estate full-time and do so in a way that allowed him to scale.
Now, after going through many of life’s lessons, Dan is doing phenomenally, with him and his team closing on 12+ wholesale deals a month, getting him close to $200k in monthly revenue. He credits his success to his systems, his team, and the way he pivoted his leadership that allowed the entire company to work as one well-oiled machine.
In This Episode We Cover:
The danger of buying cheap homes in C or D-class neighborhoods
On-market vs. off-market properties and which investors should go for off-market deals
Dan’s favorite off-market strategies and the way he gets most of his leads
Finding the “price behind the problem” so you can close on more deals
Forming partnerships with real estate brokerages as a wholesaler
The high costs of running a wholesaling team
What sets apart gurus and gimmicks from real, honest coaches
And SO much more!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
Tony Robbins
BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah
Facebook Marketplace
Darrin Damme of Bullseye Branding
Left Main REI
GoBundance
JD Mindset Academy
Beardy Brandon
Check the full show notes here: http://biggerpockets.com/show480
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
We all reach a point of complacency. We tell ourselves that we’ve done enough, it’s too hard to go further, or we don’t have enough experience, money, or time to accomplish the goals that seem impossible. Brandon Turner, host of the BiggerPockets podcast, was feeling this way too, sitting on a decade worth of real estate, with enough passive income to live his life how he saw fit. It wasn’t until Brandon started surrounding himself with people who did much more than him that he realized he wasn’t hitting his true potential.
Now, leading the real estate syndication Open Door Capital, Brandon has more than 10x-ed his rental portfolio, built a life he loves in Maui, and worked with some of his heroes. This wasn’t by accident, it also wasn’t dropped into his lap. Brandon spent serious time thinking about his “vivid vision” of the future, what he wanted out of life, and who would help him get there.
He’s had ups and downs, with some of his favorite employees leaving, partnerships falling through, and deals being lost. All of these proved to be valuable lessons in his ongoing work to create a mobile home empire and become the best of the best at what he, and his team, does.
In This Episode We Cover:
The 10 lessons Brandon learned starting Open Door Capital
Why it’s crucial to have a goal for your life and shoot towards it
Understanding when you’ve become complacent and finding inspiration
Giving up more to work with partners who will bring you far, far greater returns
Working for your employees and doing anything you can for their success
How coaching allowed Brandon to open up his mind to huge possibilities
Using a “Hunger Games” style recruiting technique when finding new talent
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
BiggerPockets Membership
BiggerPockets Book Store
Open Door Capital
BiggerPockets Podcast 403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason Drees
BiggerPockets Podcast 369: Escaping the Day-to-Day Grind to Work on Your Business with Jefferson Lilly
BiggerPockets Podcast 246: Surviving the Coming Crash, Earning 20% Returns, and Buying Mobile Home Parks with Kevin Bupp
BiggerPockets Podcast 447: Create Your Dream Life in 3-5 Years Using Vivid Visions with Cameron Herold
BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray
BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray
Pre-order Multifamily Millionaire by Brandon Turner and Brian Murray
https://www.biggerpockets.com/show479
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What happens when you’re pinned to the floor in the middle of a fight? Someone has you in a locked position and you can’t move. You’re sweating, you’re angry, and you start feeling the will to fight flow through your whole body. Although we’re talking about Brazilian Jiu-Jitsu with the legendary trainer and black belt, Ryron Gracie, we could easily be talking about real estate.
So many new real estate investors come into this space being scared of discomfort, wanting to be hand-held, and feeling like there is no way to hit their investing goals. That is until they’re put in the proper position, scenario, or matched up with a great teacher. These are the exact lessons that Ryron shares with us today.
As a lifelong Jiu-Jitsu practitioner, and now a teacher himself, Ryron knows that the same lessons applied on the mat should be applied in everyday life. Lessons like: be comfortable with discomfort, never get pulled into anyone else’s fight, and change the game to fit your needs. This not only makes Ryron a financially successful individual, but a master in martial arts.
Even if you’ve never done martial arts, had any interest in Brazilian Jiu-Jitsu, or started real estate investing, this episode will help you change your mindset to thrive in situations where you feel lost and helpless, which is something all of us need throughout our lives.
In This Episode We Cover
“Emotional Jiu-Jitsu” and how to find comfort in difficult conversations
Taking the fight to the ground and changing the game
The crossovers between martial arts and building wealth through real estate
Putting your ego and insecurity to the side and doing what’s truly best for you
Realizing when you’re coming from a place of lack
And So Much More!
Links from the Show
BiggerPockets Forums
BiggerPockets Youtube Channel
David's Instagram
Gracie University
Check the full show notes here: http://biggerpockets.com/show477
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Normally we have two hosts and one guest, but today we have three hosts, and one of them happens to be a guest as well. We welcome Tony J Robinson, host of the BiggerPockets Real Estate Rookie Podcast, to the show! Tony has grown a respectable following due to his impressive short-term rental portfolio, his ability to scale quickly, and his made-for-radio voice.
Tony grew up with real estate around him. His dad had a wholesaling company, and when it closed down his father relayed to Tony that his biggest mistake was failing to keep any of the wholesale deals as rentals. With this advice in mind, Tony saw an opportunity to fix up some rental properties in Louisiana. This gave him an intro to real estate funding, and after a few successful deals, he decided to dive in head first.
Now, Tony has short-term rentals in Tennessee and Joshua Tree. He’s started multiple partnerships and speaks on the benefits of having reliable, trustworthy partners, plus how to avoid toxic partnerships that will stop you from scaling. He also lets us in on his free and simple method of finding out whether or not a market will work for short-term rentals.
In This Episode We Cover:
- The importance of having cash-flowing passive income
- Why you should never treat a rental like your primary residence
- Buying in markets that are heavily reliant on tourism
- How to make a strong, stable, and reliable partnership
- The risk vs. rewards of short-term rentals
- Long-distance real estate investing as a rookie investor
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Real Estate Rookie Podcast
- BiggerPockets Money Podcast
- BiggerPockets Youtube Channel
- BiggerPockets Money Youtube Channel (Please subscribe!)
- Real Estate Rookie Youtube Channel (Please subscribe!)
- BiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl
- Airbnb
- VRBO
- Zillow
- PriceLabs
- Brandon's Instagram
- David's Instagram
Check the full show notes here: http://biggerpockets.com/show476
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
You wouldn’t think that a farm boy from Ohio would be spending hundreds of thousands if not millions on expensive clothing, high-priced whiskey, and expensive knife sets, would you? Only, he’s not buying these things for himself, he’s buying them for his clients, many of whom are some of the biggest names in business and entertainment. What does John Ruhlin from Giftology see in gift-giving that we don’t?
First, John realized that giving regular corporate gifts, like a stress ball or a free pen, wouldn’t cut it when trying to build long-term relationships. He even went as far as to get courtside NBA tickets paired with a $500 steakhouse dinner to get Cameron Herold (a past guest of ours) on his team, only to find that Cameron was severely disappointed. So he started turning up the personalization of his gifts.
Now, John sends out personally engraved knife sets, world-class food and wine pairings hosted by the best sommelier in the country, and video messages sent in physical boxes (seriously). He’s discovered the art and the science behind gift-giving and wants everyone to know what is, and isn’t an appropriate gift. As he puts it, you need to focus on your ROR (return on relationships) more than your ROI.
In This Episode We Cover:
- The gifts you SHOULD NOT give to those you want to impress
- Focusing on ROR (return on relationships) as opposed to ROI
- Have a “relationship plan” in place for clients, employees, and partners
- Using personalized gifts to stick out from the competition
- Taking a warm lead and turning it into a burning fire
- The best gifts to give based on the occasion, timing, and relationship
- And So Much More!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Pro Membership
- BiggerPockets Youtube Channel
- Brandon's BiggerPockets Profile
- Brandon's Instagram
- David's BiggerPockets Profile
- David's Instagram
- BiggerPockets Podcast 467: #1 NYT Bestselling Author Adam Grant on the Need to “Think Again”
- BiggerPockets Podcast 451: Stop Chasing the “False Summit”: Have Better Relationships and Results with Michael Hyatt
- GoBundance
- Open Door Capital
- Giftology Website
Click here to check the full show notes: https://www.biggerpockets.com/show475
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Letting go of something successful isn’t easy, but what if you know it’s costing you your dreams? Today we talk to mother, real estate agent, and massive multifamily investor, Pili Yarusi, about doing what it takes to stay focused, engaged, and on top of your life.
Pili moved out to New York from Hawaii with dreams of becoming a star in theater but ended up working as a bartender. Lucky for her, bartending is where she met her husband and future business partner. Together, they started flipping houses, which taught her not only to systematize investments but also to use her creativity in an efficient way. She and her husband later expanded into wholesaling.
Pili knew something was missing and she wanted to focus more on growing a multifamily portfolio. With help from some mentors, she realized that the main thing holding her back was her current (and very successful) flipping and wholesaling business. She closed both businesses, got herself systematized, and went head first into multifamily.
Now this homeschool teacher/mom is sitting on $75,000,000 in real estate, totaling in at 850 units. No small number by ANY means! She gives some incredible advice on what new investors need to do before they can reach their goals of owning big portfolios.
In This Episode We Cover:
- Limiting your creativity (in a good way) when doing flips and rehabs
- The 4-3-2-1 principle and waking up with A.L.O.H.A
- Identifying as the person you want to become, and letting go of less useful identities
- The right (and the wrong) way to train employees and build a team
- 506b vs 506c syndications, plus what to know if you want to start one
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Clubhouse
- BiggerPockets Podcast 325: From Major Business Failure to Buying 20 Houses a Month With Aaron Amuchastegui
- Real Estate Rockstars Podcast
- InvestNext
Check the full show notes here: https://www.biggerpockets.com/show474
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
There is only one man on the podcast today that has a beard, and no, it’s not the guitar-playing, surfing, 7-foot tall one. David Greene is “seeing Greene” in this episode and gives new and experienced investors advice and answers on their questions. We go through a range of subjects from real estate notes, quitting a W2, scaling, and whether or not to start a property management business.
With David’s experience as a W2 police officer, agent, broker, investor, and lender, he can give all kinds of great answers related to real estate. So whether you’re a newbie trying to get your first deal done or an experienced landlordclosing on a new house every week, there is probably some question David answers that can help you out!
All of these questions have been asked by BiggerPockets listeners either via video or from Facebook. If you weren’t able to get a question answered by David this time, you can submit a question at this link.
In This Episode We Cover:
- Purchasing a property from a wholesaler
- How to place properties under an LLC once purchased
- Is land worth pursuing or should you stick to properties?
- When is the right time to quit your W2 and pursue real estate
- Can you 1031-exchange a flip into a buy and hold rental?
- And So Much More!
Links from the Show
- Brandon's Instagram
- David's Instagram
- BiggerPockets Forums
- BiggerPockets Pro Membership
- BiggerPockets Youtube Channel
- BiggerPockets Podcast 457: How Thinking 5 Moves Ahead Can Make You Millions with Patrick Bet-David
- 6 Mindset Shifts to Make Today to Become Successful Tomorrow
- BiggerPockets Business Podcast 89: How David Greene Plans to Sell $150 Million of Real Estate in 2021
- Rookie Podcast 81: David Greene on Where Rookies Go Wrong When Looking for an Agent
- Submit Your Questions to David Greene
Click here to check the full show notes: https://www.biggerpockets.com/show473
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Nick Lamagna wasn’t planning on getting into real estate investing. When he finished college he knew that he wanted to go into law enforcement to help with counter-terrorism. He scored well on all the tests needed to be a great candidate for his dream job, but when he suffered a permanent hand injury, he was disqualified from working in law enforcement.
During a period where Nick didn’t know what he was going to do, his mom forced him to read Rich Dad Poor Dad, which (like many of our listeners) changed his view on making money and having a career. After the initial interest was sparked, Nick started tackling real estate deals outside of his native state of New York.
He faced challenges with getting mortgages, so he partnered with other real estate investors. He needed more cash, so he started wholesaling. The 2008 housing market crash happened, so he decided to start flipping. And now, Nick is going into bigger deals like commercial real estate and mobile home parks.
Nick’s advice to new investors: think creatively, get comfortable with being uncomfortable, be in constant contact with your team, and don’t stick to one strategy.
In This Episode We Cover:
- Long-distance real estate investing when your local market is too expensive
- Building a buyers list for wholesaling and networking
- Partnering with others who can finance real estate purchases
- Why communication is key when doing long-distance renovations
- Turning your weaknesses into your greatest strengths
- And SO much more!
Links from the Show
- 27 Interior & Exterior Preventative Maintenance Tasks for Rentals (Article)
- BiggerPockets Youtube Channel
- Brandon's Guesting on Nick's Podcast
- LoopNet
- BiggerPockets Podcast 461: Defeating the “Enemy of Success” with Steven Pressfield (The War of Art)
Check the full show notes here: http://biggerpockets.com/show472
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
We like to think that we have a lot of winners on the BiggerPockets Real Estate Podcast, whether they are in real estate or not. We may have one of the biggest winners on today's show. Tim Grover, trainer to Michael Jordan and Kobe Bryant joins us to talk about overcoming adversity, developing a winning mindset, finding what makes you fail, and his new book, accurately titled Winning: The Unforgiving Race to Greatness.
Tim argues that one of the hardest things to succeed in is business since there are so many factors that influence success. When you own or run a business, you’re constantly being thrown curveballs (like a global pandemic tied with government shutdowns). So how do you succeed when there is a constantly changing game plan? You adapt, you overcome, and you mitigate failure.
These are the exact lessons that Tim taught to his high-profile clients, like Michael Jordan and Kobe Bryant, arguably the two greatest basketball players of all time. Before MJ and Kobe became the best, they had to master being average, then being good, then being great. So many people want to take shortcuts to greatness, not understanding that mastering those different levels is what truly puts you on a different stage than those who master the average level and give up.
In This Episode We Cover:
- What really holds people back when they say they want something
- Focusing on recovery and health before trying to up your abilities
- Becoming a constant reminder to others to win and shoot for success
- How to stop performing with emotion and start performing with energy
- Stop confusing “finishing” with “winning”
- Struggling with balance when succeeding in your career, family life, or anything else
- And So Much More!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Pro Membership
- BiggerPockets Youtube Channel
- BiggerPockets Podcast 433: You Get Your Standards, Not Your Goals: Ed Mylett on Success, Faith, and Building $100M+ Businesses
- BiggerPockets Podcast 457: How Thinking 5 Moves Ahead Can Make You Millions with Patrick Bet-David
- Brandon's BiggerPockets Profile
- Brandon's Instagram
- David's BiggerPockets Profile
- David's Instagram
Click here to check the full show notes: https://www.biggerpockets.com/show471
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
There has been a great feud between Brittany Arnason and Host of the BiggerPockets Podcast, Brandon Turner. Both of them have done lots of renovations on houses, secured millions in funding, and live right next to the beach in Maui, but only one of them has won a “quickest person to get to 200,000 followers on Instagram” battle. We’re happy to have the winner on our show as a guest today!
Brittany started out her real estate journey when she was 18 years old, buying her first rental property and tackling a multitude of different DIY projects. If you haven’t heard her story, you can check it out on episode 320. Now she’s back to talk about how she moved to Maui, hired out her employees, secured funding on commercial deals, and used social media to get her deals and connections.
Her biggest advice to new investors, “jump in before you’re ready”. You won't ever have all the answers, but those who get started will finish far ahead of those who always dream about being an investor. You can also help ease the stress and unforeseen speed bumps by getting in groups with other investors, following those you look up to on social media, and becoming a resource for future mentors.
In This Episode We Cover:
- Using social media to find deals, mentors, employees, and friends
- Generating leads in unorthodox ways
- Fighting back against imposter syndrome and seeing your strengths
- Getting super cheap interest rates when closing on commercial mortgages
- Why the bigger deals tend to be the more passive ones
- Why whatever you believe can end up being true
- And SO much more!
Links from the Show
- BiggerPockets Podcast 461: Defeating the “Enemy of Success” with Steven Pressfield (The War of Art)
- BiggerPockets's List of Agents
- BiggerPockets Youtube Channel
- BiggerPockets Podcast 320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany Arnason
- Invest with Zasha's Instagram
- BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn
- BiggerPockets Podcast 292: 200+ Deals in the First Four Years with Ryan Pineda
- BiggerPockets Podcast 388: The 7-Step “Playbook” for Scaling Your Real Estate Business With AJ Osborne
- BiggerPockets Podcast 412: Start Investing in Large Multifamily? How to Do it, and Why (or Why Not) with Ashley Wilson
- BiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl Yarber
- GoBundance
- BiggerPockets Podcast 343: Want to Work Less and Earn More? Think Like a Pilot! With Steve Rozenberg
- From Military to Millionaire
- Jason Drees Academy
- Real Estate Rockstars Podcast
- We Study Billionaires Podcast
- TikTok
- BiggerPockets Podcast 433: You Get Your Standards, Not Your Goals: Ed Mylett on Success, Faith, and Building $100M+ Businesses
- BiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy
- BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan
- Brandon's Instagram
Check the full show notes here: http://biggerpockets.com/show470
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
We interview a lot of great guests on our Sunday episodes of the BiggerPockets Real Estate podcast, but we rarely hear from agents, investors, and BiggerPockets listeners who are in an early stage of real estate success. Both Brandon and David know what it’s like to be grinding, day in and day out, to get your real estate business off the ground. That’s why they’re here today to answer questions from live listeners about mindset, mentality, and growth.
We talk to Brody, Joseph, Wale, and Mike, all in different stages of their real estate journey, and all very committed to success! You’ll hear questions like:
- If given the chance to go back, what would Brandon and David do differently?
- What deserves more emphasis, mindset or skill set?
- Is it okay to explore different opportunities at an early stage of investing?
- How to find balance when SO many opportunities are exciting?
- How do you make time for family, a job, side businesses, and real estate?
- Why do investors lie to themselves?
Thanks again to our guests for coming on and throwing such great questions at Brandon and David!
In This Episode We Cover:
- Leaving your W2 job to pursue real estate and other opportunities
- How to harness your mindset to grow your specific skill set
- The power of house hacking, and how it pushes your portfolio forward
- Scaling bigger and faster (even if it’s scary)
- Developing the ability to adapt, so you can survive any situation
- How to stop making promises that you’ll fail to uphold
- And So Much More!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Pro Membership
- BiggerPockets Youtube Channel
- BiggerPockets Podcast 209: Flipping 83 Homes in the Last 18 Months with Kevin Carroll
- Gobundance
- Getting Started with Real Estate Investing: An Interview with My Real Estate Mentor
Click here to check the full show notes: https://www.biggerpockets.com/show469
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Last time we did a live Q&A, fans from all over came on to ask questions to Brandon and David. Now we’re back, answering the questions that BiggerPockets Real Estate Podcast fans have on their minds. We’ll go over a handful of questions, all from different investors in different parts of their real estate journey. Questions include:
- How can investors offload their unwanted properties to charities?
- How do I stop analysis paralysis even after so much research?
- Is it a good idea to buy in an area with a falling population?
- What metrics should I look for when scaling my portfolio?
- What’s the best niche to build wealth fastest?
- Plus other commonly asked questions
Thanks again to our guests Nicole, Michael, Ryan, Owen, and Emily for throwing their great questions at Brandon and David!
In This Episode We Cover:
- The biggest regret that most real estate investors have
- Scaling to bigger and better deals (with higher unit counts)
- Finding a mentor who can push you to accomplish BIG deals
- Using other people’s money to build your real estate portfolio
- The best niches for newbie investors to start out in
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Pro Membership
- BiggerPockets Youtube Channel
- Restoring Eden
- BiggerPockets Podcast 414: 1300 Units in Real Estate Development at 30 years old with Evan Holladay
- Petey Pablo - Raise Up (Official Video)
- Open Door Capital
- 3 Reasons Multifamily Rentals Might Be the Perfect Investment with Paul Moore
- Evan Holladay's Instagram
- Charity Water
- BiggerPockets Pro Membership
- Getting Started with Real Estate Investing: An Interview with My Real Estate Mentor
Check the full show notes here: http://biggerpockets.com/show468
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Everyone wants to be right all the time. We have so many preconceived notions running through our heads at all times, and we always think that we’re the ones standing on the right side of history. What if that train of thought was secretly pushing you to failure, or even death? Adam Grant argues this point in his book Think Again.
Adam hypothesizes that the main reason so many businesses, relationships, and experiments fail is because those in them tend to be locked in on one view. How many times have you been in a fight with your partner where you realize you maybe wrong, but also realize it would be worse to back down from your original stance?
This is how businesses like Blockbuster and Blackberry slowly faded away while the likes of Apple and Microsoft flourished. Adam talks through some of the best (and worst) moments in business history when companies thought they were too big to fall. The same goes for political candidates, social movements, and almost any other type of human-to-human interaction. The one way you can be sure you’re coming out with the right conclusion? Think like a scientist!
In This Episode We Cover:
- The preacher, prosecutor, and politician mindsets
- Valuing humility over pride and stopping your ideas from becoming your identity
- How ego, image, and regret play into the way we act
- Blackberry vs Apple and how Steve Jobs made the right decision
- Why you should give people FEWER reasons to back up a proposal
- Why “super forecasters” will never let a bias persuade them
- And So Much More!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Pro Membership
- BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors
Click here to check the full show notes: https://www.biggerpockets.com/show467
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Alan Corey has had an interesting career to say the least. He’s been an IT worker, a comedian, an author, a real estate investor, and even a reality TV star. Alan has always been fascinated with making passive income in a frugal, but very intelligent way. He’s so frugal in fact, that he made up a crazy story to be on the Jerry Springer show, just to get a free trip to Chicago out of it. Talk about being committed!
Alan’s real estate story starts off with buying a 1 bedroom apartment in Brooklyn, New York, hanging up a curtain in the living room, and house hacking. He then repeated this strategy over and over again, becoming a millionaire before 30 years old, with a lot of property and “good debt”. Alan is part of the FIRE (financial independence retire early) community, but instead of investing mainly in stocks, he does so in real estate.
His strategy is simple: buy a rental property for every bill you have, then start inventing “fun bills” as excuses to buy more rental property. Whether you’re looking to pay off your phone bill every month, or finance your brand new Tesla, this strategy will work for you. Alan also “hides money from himself” so he can be better off in the future. Right now he’s sitting on around $8,000,000 of real estate solely from his own investments.
His new book House FIRE teaches you everything you need to know about retiring early with real estate!
In This Episode We Cover:
- Chasing financial independence and early retirement with real estate
- Taking on “good debt” so you can grow you real estate portfolio faster
- Thinking of each property you buy as a “lottery ticket”
- Alan’s books: A Million Bucks By 30 and House FIRE
- The danger of high-interest consumer debt (like credit card debt)
- Seller financing and zero cash-flow triple net leases
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Pro Membership
- BiggerPockets Youtube Channel
- Alan Corey's Video Sampler
- Dave Ramsey
- BiggerPockets Podcast 344: “No Money” Real Estate Investing with Gabriel Hamel
- BiggerPockets Business Podcast 13: 3 Rules for Crushing It in Business with ‘Shark Tank’ Star Barbara Corcoran
- Shark Tank
Check the full show notes here: https://www.biggerpockets.com/show466
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
If you don’t feel amped up to accomplish your goals, you definitely will after this episode. Today we talk to real estate agent, entrepreneur, author, and Million Dollar Listing New York star, Ryan Serhant. You’ve probably seen Ryan selling ridiculously nice (and expensive) homes on TV, but today you’ll be the private audience to hear his backstory, his work ethic, and how he developed his big confidence.
Ryan moved to New York to become the next big star in theatre, but after seeing the financial position of those “successful” actors he looked up to, he made a pivot. Ryan got his real estate license and started listing apartments to pay his bills, but was given a golden opportunity when an foreign buyer specifically chose him to find her next multi-million dollar home in New York City. Ryan still remembers the lack of confidence he felt when he got the listing, and knew the only thing to do was educate himself and practice his pitch. Long story short, he helped the buyer find her dream home, and the rest is history.
You’ll hear Ryan talk about the importance of confidence, not only in this podcast, but in his new book Big Money Energy. Brandon and David both agree with Ryan on how important, and often undervalued, having confidence is. Not just confidence in your work, but confidence that you’ll be able to accomplish the most challenging tasks you set for yourself!
In This Episode We Cover:
- Selling the most expensive home in Florida
- Using the pandemic to springboard a new career or venture
- Taking on a task, developing the confidence, and succeeding
- Leaning to own the things that make you different from everyone else
- Stop focusing on the deals and start focusing on “the work”
- Many, many multi-million dollar deal stories
- And So Much More!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinars
- BiggerPockets Blog
- BiggerPockets Bookstore
- BiggerPockets Podcast
- Serhant Brokerage
- Ryan's personal website
Click here to check the full show notes: https://www.biggerpockets.com/show465
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Many, many people give up on real estate after just one bad deal, one bad tenant, or one bad flip. But what if you lost all you had from real estate deals, would you still be willing to bet on real estate? What if you lost it all twice? Welby Accely, has been in that position. He lost all he had, two separate times through dicey real estate deals. He never did give up on real estate, and now he’s sitting on 50 rentals and over 70 completed flips.
Welby grew up in Brooklyn, and knew that his godfather was doing well in real estate, so when he got older, he decided to give it a shot. He invested in a multifamily deal in Atlanta, overleveraged himself, and had it foreclosed on him. A few years later, he had another Atlanta property taken from home. Welby was wiped out. He got scammed, lied to, and dove in too deep a couple times.
After these tough experiences, he knew he had to do whatever he could to make sure his due diligence was top notch. He was later told about Connecticut, and decided to take some serious time exploring the market, building relationships, and networking. Then, he started flipping. 1 house a year, 2 houses a year, then 15 houses a year, and now 20 houses a year.
Now, Welby takes young and aspiring real estate investors on “ride alongs” so they can see exactly what it’s like to be a real estate investor!
In This Episode We Cover:
- How crucial it is to understand your market before you invest
- Never trusting a new partnership without proof of concept and contracts
- Pulling yourself back up after losing tens of thousands of dollars
- Putting in offers everyday so you can secure a deal
- Hard money loans vs. using your own capital
- Helping build other’s businesses so they stay loyal to yours
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Water Park Scam
- BiggerPockets Webinars
- BiggerPockets Blog
Check the full show notes here: http://biggerpockets.com/show464
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
We often have famous guests come on the BiggerPockets podcast and talk about their deals, their businesses, and their journey. Today you’ll hear from one of the biggest real estate celebrities, Brandon Turner, as he goes through the 90-day challenge, preparing you to buy your first (or next) real estate deal in the next 90 days.
You’ll hear Brandon’s story on why he went into real estate, how he grew his portfolio, and the exact steps he took to reach financial freedom and grow his portfolio to over 1,000 units! We’ll go through developing a real estate strategy, picking a niche, finding your “why”, finding a deal, marketing, financing, and calculating a real deal live on the (pre-recorded) webinar!
This is the hand-down best place to start as a newbie investor or an investor who just wants to grab some more deals in the next 90 days. These actionable steps have helped hundreds of investors across the BiggerPockets forums, and can help make you a successful real estate investor sooner!
In This Episode We Cover:
- Discovering your “why” behind investing, real estate, financial freedom
- How to find deals even in competitive markets
- Going over a live deal using the BiggerPockets rental property calculator
- How to find your “home run number” that makes a deal great
- Using the L.A.P.S funnel to never run out of deals
- Financing and funding your first property (even with no or low money down)
- And So Much More!
Links from the Show
- BiggerPockets Pro Membership
- BiggerPockets Bookstore
- BiggerPockets Podcast
- Open Door Capital
- The 90 Days Challenge
- Real Estate Investment Calculators
Click here to check the full show notes: https://www.biggerpockets.com/show463
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Some would call Terrance Doyle a “baller”. Not because he’s done hundreds of millions of dollars in real estate transactions, or because he has done over 600 flips, or because he helps lead the Tribe of Multifamily Mentors. Terrance played college basketball, which grew into working as an NBA sports agent, garnering him access to famous coaches, players, and executives.
Terrance and a couple of his college teammates started a franchise after college, and needed somewhere to park cash. Another teammate helped Terrance buy a foreclosure at a public trustee sale, which he flipped for a sizable profit. This is when he knew that the real money was made in real estate. Between 2008 and 2014, Terrance did over 600 flips, in multiple different areas of the country.
As he learnt to build relationships and rapport with buyers, sellers, lenders, and contractors, Terrance started taking on bigger and better deals. He’s done $35,000,000 in transactions since the start of the pandemic and relies on the five basic fundamentals of real estate: know your market, be aggressive, be faster than the competition, have solid lenders, and make sure your ducks are in a row.
In This Episode We Cover:
- The 5 fundamentals of successful real estate investing
- Going from NBA agent to full-time real estate professional
- Finding your competitive edge and knowing where you can add value
- How to invest in a very expensive market (like Denver!)
- Cap rates, NOI, cash on cash return, and other important metrics
- How to run your organization more efficiently, so you can do more
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Youtube Channel
Check the fulls how notes here: http://biggerpockets.com/show462
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
It’s daunting to wake up every day and try your best at whatever it is that you do. Maybe it’s your job, maybe it’s real estate, maybe it’s writing a book. When you sit down at your desk, there’s that little voice that says “get another cup of coffee” or “just take a little email break before you start” or “you’re not going to get anything done, who are you kidding?”
This is the voice of resistance, and to author Steven Pressfield, it’s a voice that needs to be silenced and controlled at all costs. Steven should know, he wrote the book on fighting resistance, The War of Art, where he talks about how to keep up inspiration, even when there isn’t any to be found. As Steven puts it “an amateur does things when they feel like it, a professional doesn’t care how they feel, they just do it.”
This is something many real estate investors struggle with. We want to buy another property, but we get stuck in analysis paralysis, or scared off by some new type of financing, or don’t want to take on another rehab. Professionals don’t let their environment (or their own mind) tell them what they should and shouldn’t do. Professionals do what has to be done.
We also talk with Steven about his latest book A Man At Arms and why the ancient world of nobility and strength intrigued him so much. If you’ve seen any of Steven’s films, read any of Steven’s books, or just want to push through to success, you’ll love his take on writing, success, and failure.
In This Episode We Cover:
- How to push past failure, regardless of the line of work you’re in
- Overcoming the “analysis” phase of any new venture or life dream
- How resistance plays a role in failure for many real estate investors
- How to fight resistance so you can push through to your goals
- The villain on the outside, and the villain within you
- And So Much More!
Links from the Show
- BiggerPockets Podcast
- Open Door Capital
- BiggerPockets book store
- Brandon's Instagram
- David's Instagram
- The 90 Days Challenge
- Steven's Website
Click here to check the full show notes: https://www.biggerpockets.com/show461
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
If you’re listening to the BiggerPockets podcast, you know that the only way to reach financial success is to climb the corporate ladder, right? Nope! Yet, many people still believe that the only way for them to get rich is by going above and beyond for a job, only to be let go when the company is sold or merged. This is exactly what Ayoka Moss and Robert Charles thought, until they were put in a situation where entrepreneurialism and real estate was the only option.
Ayoka had serious drive, especially after reading Rich Dad Poor Dad (a favorite of the BP community). Robert, on the other hand, was working as hard as he could, selling cars, breaking sales records, but once he was let go due to his company being bought out, he had open ears for Ayoka’s proposal. Ayoka and Robert decided to start wholesaling real estate, and had 6 failed deals before they finally found themselves making a profit. Once the money came in, they knew they had to do whatever it takes to reach success in real estate.
Now, only a couple years later, Ayoka and Robert are living rent free, with 20 units, and 35 deals done! That’s some serious change when compared to their old W2 lifestyles. Ayoka and Robert go through how they got deals done, found mentors, and most importantly, changed mindsets to tackle what really matters.
In This Episode We Cover:
- How real estate wholesaling works
- Why the corporate lifestyle doesn’t last forever for most people
- Understanding real estate before you jump in head first
- “Un-Labelling” yourself so you can accomplish anything
- Balancing wholesale fees with cash flowing rental properties
- Finding mentors and providing value so they trust you
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Grant Cardone
- Breakfast Club: Mark Whitten Explains How Easy It Is To Build Wealth With Real Estate
- Amway
- Hertz
- Ty Flip Man Taylor Shares How He's Created Multiple Millionires and Many 6 Figure Earners
- Real Estate Disruptors
- PropStream
- Zillow
- Homevestors
- Grant Cardone
- BiggerPockets Podcast 452: Landing Incredible Deals Using This “Scary” Technique with Steve Trang
- Steve Trang
- Yahoo Finance
Check the full show notes here: https://www.biggerpockets.com/show460
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Have you ever been in a conversation where someone has had to ask you to repeat something multiple times? It’sfrustrating when you’re trying to tell someone something and they just won’t listen, but what about all the times you’ve been distracted in a conversation? There are a handful of reasons why humans aren’t great at listening, but the benefits to becoming a true listener are off the charts. Better connections, more trust, and happier relationships just to tout a few.
In her book, Listen Like You Mean It, Ximena Vengoechea talks about why listening is so important, and why we often get it wrong. Being a great listener is almost like having a super-power, you’ll be able to tell what a person wants and needs faster and more accurately. This can help in almost any business, but especially in a people-first business like real estate when you’re constantly talking to tenants, management, sellers, buyers, or agents.
Ximena goes through the 3 qualities that are most needed when becoming a great listener and how you can put yourself into “listening mode”. She also walks through how to have difficult conversations or conversations with people who aren’t the best listeners, plus what you can do to make sure that the person talking to you really feels heard. This isn’t just a crucial trait for anyone in real estate, but for anyone who wants successful relationships with the ones they love.
In This Episode We Cover:
- How user research prompted Ximena to write about listening
- Asking good questions that help people open up more
- Cutting out the distractions and being present and mindful in a conversation
- Why attention tends to waver in day-to-day conversations
- The 3 most important qualities you can adopt to become a better listener
- How to be more extraverted in conversations
- And So Much More!
Links from the Show
- BiggerPockets Podcast
- Open Door Capital
- BiggerPockets book store
- Brandon's Instagram
- David's Instagram
Click here to check the full show notes: https://www.biggerpockets.com/show459
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Every real estate investor knows that things don’t always go as well as we’d like. What happens when you’re hit with a $16,000 bill to fix a sewer, or when 20 of your tenants call you all at once with problems? Some things, like those examples, make active real estate investors envy passive investors. This is why Tamar Hermes decided to go on a more passive route for real estate investing.
Tamar started at age 28, working as an executive in the television industry. She realized that she was trading her time for money, and without her job, she wouldn’t be able to pay her bills. So, she put 10% down on a duplex and started house hacking. Over time she bought more and more duplexes, some even out of her 401(k). She was an aspiring landlord, but after being hit with the situations above, she decided to sell all her units in Los Angeles and put her money into more passive income streams.
Now she’s invested in syndications, like Brandon’s Open Door Capital to be exact. This gives her far more freedom to pursue her passions in life, without having to worry about those 2 A.M. toilet calls. Tamar refers to herself as a very cautious investor, and that may be why she feels far more diversified with passive investing than active investing.
She also talks through “finding your tribe” and how Gobundance has helped her meet friends and partners within the real estate space. This doesn’t mean you need to go out and find a group, but having friends and allies within your certain niche can help move you miles ahead of the competition!
In This Episode We Cover:
- Using house hacking as a way to fuel your real estate investing
- The difference between passive and active real estate investing
- Finding cash flow AND appreciation when looking for rental properties
- “Upgrading your investing” and growing your investor mindset
- Recourse vs non-recourse loans
- Finding quality agents, certified financial planners, and other partners
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Open Door Capital
- Travel Nurse Housing
- Grant Cardone
- GoBundance
- BiggerPockets Bookstore
- BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan
- Josh Dorkin
Check the full show notes here: http://biggerpockets.com/show458
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Some people are born into wealth, but none are born into success. Success needs to be earned, through pain, hard work, and perseverance.
Patrick Bet-David came to the United States during the Iranian Revolution of 1978, after already being a refugee in Germany. Patrick served in the U.S. Army and prided himself on his ability to party, but after a family health emergency, he decided enough was enough, and he became the hard-working, driven man he is today.
Now, a successful businessman, media producer, best selling author, and CEO, Patrick has a lot of wisdom to share for young and aspiring businesspeople. One of his biggest lessons: don’t waste your pain. Patrick shows how the best of the best in business, sports, or any other field are consistently putting themselves in positions where they have to fight to be the best. Patrick argues that even if you’re the best basketball player in your high school, once you go to college you may be at the bottom of the list, and once you become the best in college, you may be stuck again at the bottom of the professional leagues. This means you have to constantly change, adapt, and improve yourself to become the best of the best.
We also talk about Patrick’s book, Your Next Five Moves and how people who are masters in their skillset are thinking at least five moves ahead of their competition. Want to buy a house? What are the next 5-10 moves you could make right now to get that done. Most people do a single step, stop because it’s too hard, and leave it at that. If you want to be the best of the best, you need to think bigger and understand the importance of the sequencing of those steps.
In This Episode We Cover:
- Patrick’s journey from refugee to multi-million dollar business owner
- Pushing yourself to perform at the highest level you possibly can
- Giving your children values instead of material gifts
- Thinking five steps ahead of yourself and the competition
- Going through a “Personal Identity Audit” and learning to accept yourself
- Entrepreneurship vs Intrapreneurship
- And So Much More!
Links from the Show
- BiggerPockets Podcast
- BiggerPockets book store
- Brandon's Instagram
- David's Instagram
- Your Next Five Moves Website
Check the full show notes here: http://biggerpockets.com/show457
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Anything over 100 units tends to scare many investors, especially rookie investors. How do you even get to 100 units when it’s already challenging enough to get one? That answer is simple: stack them slowly over time. That’s exactly what today’s guest, Erika Sleger, did. Erika heard about house hacking from a lecture in college, so once she graduated she decided to buy a fourplex, live in one unit, and rent out the others.
She learnt some valuable skills from that first fourplex and later sold it for a nice profit, 1031 exchanged it into an 18 unit, and started collecting rent. From there, she used her equity on the 18 unit to buy a 64 unit. Another 16 units here, some more units there, and before she knew it Erika had over 120 rental units. She acquired all of these properties through 1031 exchanges and pulling cash out via refinances for down payments.
Managing over 100 units isn’t easy, it took Erika a while to find management that worked, and she was still managing her managers. Even with the best due diligence, Erika talks through the challenges of filling and managing so many units. That’s why Erika sold her multifamily properties and moved her money into commercial real estate.
Now she owns “amazon-proof” commercial spaces for coffee shops, a daycare center, and even a car maintenance shop. These leases are triple net, and give her the flexibility to move wherever she wants in the world, without having to over-manage a property manager. This is what “the stack” done correctly looks like!
In This Episode We Cover:
- House hacking to secure your first rental property
- Using 1031 exchanges to acquire more properties with no capital gains taxes
- Buying LARGE multifamily properties and setting up management
- The importance of due diligence when buying multifamily and commercial
- Triple net leases and the benefits of commercial buildings
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Tony Robbins
- Walgreens
- CVS
- Starbucks
- Amazon
- BiggerPockets Podcast 253: Recession-Resistant Investing & the Benefits of Buying Shopping Centers with David Puchi
- BiggerPockets Podcast 363: How to Work (Way) Less but Accomplish (Way) More in 2020 with Michael Hyatt
Check the full show notes here: http://biggerpockets.com/show456
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
You’ve probably heard of The Breakfast Club, the morning radio show in over 90 markets that covers everything from hip hop culture, to celebrity gossip, to politics and more. If you've listened, you may recognize DJ Envy’s voice. He’s here today with his partner Cesar Pina, to talk real estate, seminars, and business.
DJ Envy grew up in Queens, New York, and was neighbors with a successful DJ. After he heard how much money DJs were making in the city, he decided to start DJ-ing himself, and began releasing mixtapes. As his success grew, he started working for a radio station and landed a morning show, which later became known as The Breakfast Club.
After buying his first house and later selling it due to a long commute, Envy walked away with around $80,000. He was hooked, and knew that real estate was a long-term way for him to build his wealth and create success for him and his family. He started out buying a house every year and selling it a year later, then bought some homes in Detroit for $15,000 that sold for over $260,000! Envy wanted to get more into real estate, so he was introduced to Cesar.
Cesar was serving time in prison when he first learnt about real estate investing. Once he was released, he decided to jump in. He bought single family homes, then small multifamily homes, then went on to commercial buildings. Now, heowns more than 1,600 units and flips anywhere from 60 to 80 houses per year! His new book, Flipping Keys, comes out later this month.
Cesar and Envy became an unstoppable duo, and now they're teaching others how they too can buy rentals and flip houses. They see this as a way to serve their community and let those who may be unaware of real estate investing have a chance at success and financial freedom.
In This Episode We Cover:
- How DJ Envy started buying and flipping homes
- Buying homes under market value to make high profits
- Why house hacking is the best way to get started in real estate
- Buying in Detroit during the early days of the recession
- How to use other people’s money (OPM) to fund your deals
- Why most real estate seminars take more than they give to attendees
- And So Much More!
Links from the Show
- BiggerPockets Podcast
- BiggerPockets book store
- Brandon's Instagram
- David's Instagram
- Grant Cardone on Multifamily Investing and Why You Should Never Buy a House!
Click here to check the full show notes: https://www.biggerpockets.com/show455
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Retiring via passive income is why most people get into real estate, but rarely does someone accomplish that goal within just two years! Rachel Richards, real estate investor, agent, and author of Money Honey shares her story of aggressive real estate acquisition. All purchased, by the way, with at least 20% down!
While her friends in high school may have been reading for fun, Rachel was reading Rich Dad Poor Dad and trying to find the best way to become financially free. After she graduated from college she took jobs where she felt underappreciated and at some points, humiliated. She realized that this was not the path she would go down, and started investing shortly after in 2017. By 2018, Rachel and her husband had acquired 38 doors. Yes, you heard that right, 38 doors in under two years!
These rental properties allowed Rachel and her husband to retire, as they were making six-figure incomes solely from their properties alone. This didn’t mean two years in she was still a rookie. Far from it actually. Rachel had to systematize her rental properties as much as she could within those two years so she could manage them long distance without having huge headaches along the way.
Rachel shares some interesting stories, from turning a duplex into a short-term boarding home, to catching her property managers stealing over $6,000 from her. She’s learnt a lot and put her knowledge into her books Money Honey and Passive Income, Aggressive Retirement, both of which may help you get to where she’s at now!
In This Episode We Cover:
- Understanding how important financial independence is to your life
- Dismissing limiting beliefs that you can’t or shouldn’t do something
- Seller concessions and how you can use them to get more money at closing
- Why being too frugal may lead you to lose more money in the long run
- Systematizing your long distance real estate investing
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Be a guest to the podcast
- Cutco Cutlery
- BiggerPockets Podcast 416: 29-Year Old Making Nearly $1M in Passive Real Estate Income (3 Years In!) with Matt Onofrio
- BiggerPockets Podcast 418: 14 Deals in 16 Months: How Alex Camacho Found his Mastery in Deal Finding
- BiggerPockets Podcast 320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany Arnason
- BiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl Yarber
Check the full show notes here: http://biggerpockets.com/show454
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
We’re taking a bit of a detour from our regular programming to answer some live questions on real estate mindset! Brandon and David take live questions from investors across the nation on some of the most hard-hitting/commonly contemplated real estate questions and topics such as…
- Is perceived “risk” deterring you from making strong financial decisions?
- How do you keep the fire going as an agent and investor when you get rejected?
- When should you allow team members to take on your roles and processes?
- What to do to get over the fear of partnerships?
- How do you balance ambition and being content with your success?
- How to find inspiration in other people's success?
- What to do when there is SO much opportunity but you don’t know what to choose?
- And More!
Brandon and David spend some time answering all of the above questions with life lessons they’ve learned in their investing careers. The solution to the problem isn’t always cut and dry, but almost all of these questions come up in a real estate investor’s career, one way or another.
If you didn’t get your question answered in this episode, stay tuned as we may plan to do another Live Q&A in the future!
In This Episode We Cover:
- Answers to the top real estate “mindset” questions
- Finding your fire and running towards it
- Letting go of the “I have to do everything” mentality
- Focusing on one thing, doing a great job, and letting go of the rest
- Getting your spouse on board for real estate investing/financial freedom
- Staying content and grounded while also striving for greater things
- And So Much More!
Links from the Show
- BiggerPockets Podcast
- BiggerPockets book store
- BiggerPockets Forums
- BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors
Click here to check the full show notes: https://www.biggerpockets.com/show453
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Steve Trang is all over social media, he runs a real estate brokerage, a sales training business, and a title company, but he didn’t start out as a real estate professional. Steve was actually an engineer at Intel before he made the leap to become an agent. As luck would have it, Steve got in right as the market was about to tank in 2007/2008. Did this stop him from finding success? Of course not!
Steve was interested in real estate, and after finding out what agents did for a living, he knew he needed to make a career switch. He left his corporate job and headed into real estate, trying to get any leads he could as an agent. His prior employer, Intel, told him that he was welcomed back if he ever needed a job, but when he tried to come back a couple years later, they didn’t have a position available for him. He knew the bridge was burnt, and it was time for him to go full throttle on real estate.
Now, a decade or so later, Steve is teaching his tips and tricks to aspiring agents, wholesalers, and de al finders alike. He has a very specific hiring process, and will only start to evaluate a candidate that fits into his time-tested requirements. This helps him weed out potential employees and keep only the serious ones around.
Steve gives some pointers on the best cold calling tips, the common mistakes that newbies make, and how to mitigate rejection when a cold call goes sour. If you’re afraid to cold call or afraid of being rejected in general during real estate prospecting, Steve talks through how he uses rejection to hit the successful metrics he needs!
In This Episode We Cover:
- What type of person should be a real estate agent?
- Knowing that real estate is a long-term success game, not an overnight win
- Using PPC (pay per click), direct mail, and cold calling to get leads
- How to hire employees that want success, not just a paycheck
- Having regular, but efficient meetings with your team
- The top cold calling tips for those who are prospecting
- What to do if you’re afraid to cold call (or afraid of being rejected)
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Intel
- Wells Fargo
- BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan
- JotForm
- BiggerPockets LAPS Funnel
- Propstream
- Batch Leads
- SkipFast
- Grant Cardone
- BiggerPockets Publishing
Check the full show notes here: biggerpockets.com/show452
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Does it ever seem like working overtime is a competition? We often see people bragging about how they work 60 hour weeks, work on weekends, or spend the most time at the office or in front of their computer. Does this constant overworking actually accomplish something or is it more of a chest-beating competition?
Michael Hyatt argues that working crazy hours rarely does anything for our productivity, and if anything, can make our work sluggish and dull. He should know, in the beginning of the COVID-19 pandemic as teams were working more than ever from home, Michael decided to do the opposite. Michael lowered his (and his team’s) working hours from 40 hours a week, to 30 hours a week. The result? A profit increase of nearly 100% and company-wide productivity boost.
Not only does your work quality benefit, but so do your relationships, your health, and your outlook on life when you are off of the “grind mode”. Michael believes this so much that he wrote a book about it. Win at Work and Succeed at Lifegoes through what Michael calls the “double win”: winning at life and work, with no tradeoffs!
Michael lists a handful of ways you can instantly improve your work/life balance. Tips on sleep, nutrition, and getting your “daily big 3” done so you can accomplish goals that matter, instead of just being productive. If you ever feel like a workaholic, these tips will help you align back to a productive yet enjoyable schedule.
In This Episode We Cover:
- Fighting the “cult of overwork” especially when working becomes a bragging right
- How to keep your business running at full speed while having time for your family
- The importance of putting up “hard boundaries” so your day can be respected
- Identifying the “big 3” tasks that you need to get done everyday
- How to implement “double wins” in your life
- Knowing which work is important and which work can be put on hold
- And So Much More!
Links from the Show
- BiggerPockets Podcast
- BiggerPockets book store
- Brandon's Instagram
- David's Instagram
- BiggerPockets Podcast 363: How to Work (Way) Less but Accomplish (Way) More in 2020 with Michael Hyatt
Click here to check the full show notes: https://www.biggerpockets.com/show451
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
First-time home buyer? At some point, all of us were. How do you make sure you’re getting a great deal, how should you pay for it, and what can you do to make sure it’s a purchase that will help you grow your wealth. In today’s episode, you’ll hear from Scott Trench and Mindy Jensen, hosts of the BiggerPockets Money Show. Their new book, First-Time Home Buyer, shows how to buy your first property in a way that sets you up for long-term success.
Most people see their primary home as an investment, but that isn’t usually the truth. Housing is a cost, and like many costs in life, we should try to minimize it when we can. Having a lower housing cost can allow you to invest more of your money, build up safety reserves for repairs, and have the financial bandwidth to live with less stress.
Scott and Mindy debate cash flow vs appreciation, how much you should put down on your home, and what kind of liquidity position you need to be in to find success in your purchase and future endeavors. Even if you’re not looking to build a rental empire, this is a fantastic book for anyone who is looking into buying for the first time. Don’t know about equity, title insurance, or other real estate terms? No problem! First-Time Home Buyer has you covered.
In This Episode We Cover:
- What will 2021 hold for real estate investors and first-time home buyers
- Is appreciation or cash flow a better metric to measure
- How to have a primary residence that sets you up for long term wealth
- The 5 steps to finding a great deal on a primary residence
- Looking at the market even when you’re not ready to buy
- What people get wrong when they buy a home
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Money
- BiggerPockets Money Podcast 165: How ‘Finance Ninja” Daniel J. Mills Started at $30k a Year and Grew a US Rental Empire from Japan
Check the full show notes here: http://biggerpockets.com/show450
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
We’ve known for a long time that humans aren’t great at multitasking. Once distracted, our brains find it hard to let go of the new information we’ve just learnt or seen. This is why the constant onslaught of emails, messages, texts, and phone calls could be killing our productivity and creativity. Cal Newport, author of A World Without Email, has seen this first hand.
Cal discusses something he likes to call “Hyperactive Hivemind Workflow”, which is essentially what happens to our brains when we’re constantly being nudged by electronic messages. When you’ve got your head down and are working hard on an important project, just a simple glance at an email can spin everything out of whack.
Here’s the thing, this is happening to all of us, all the time. We are constantly monitoring our emails and messages, and by the mid afternoon, we’re out of energy. We’ve exhausted all of our cognitive resources. But isn’t it productive to check emails and respond to them quickly throughout the day? This is what Cal refers to as the “fool’s gold of busyness”.
Luckily, there are some ways to get us into a more productive state, without having a barrage of emails in our inbox. Cal talks about efficient meetings, Kanban boards, restricting ad hoc communication, having office hours, and being intentional with your time and attention. While these small email responses may seem like just a minute here or a minute there, they actually eat up a huge part of our work life.
In This Episode We Cover:
- Why we need to limit our intake of email, messages, and other communication throughout the day
- Getting your team to be less ad hoc about communication and more intentional
- Having a “process and procedure first” mindset when starting a business
- Understanding what the “vital tasks” are in your business
- Knowing your cognizant footprint and having intentional attention
- And So Much More!
Links from the Show
- BiggerPockets Podcast
- BiggerPockets book store
- Brandon's Instagram
- David's Instagram
- BiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal Newport
Click here to check the full show notes: https://www.biggerpockets.com/show449
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Busy people tend to be...busy, and often, real estate investing is one of the things that they “just don’t have time for”. If you feel that way, listen to today’s guest, Dion Mcneeley as he describes his own system for buying real estate the “lazy” way.
Dion was a police officer and a truck driving instructor, taking care of his kids as a single parent, and struggling to get ahead. He went from $89,000 in debt to becoming debt free and financially free, thanks to the help of rental properties, in just 10 years.
After buying his primary home, Dion heard of success in owning rental properties, so he decided to move out of his house and into an apartment to see if he fit as a landlord. He rented the house to his friend, who later moved out without notifying him. Dion tried to make landlording work with another tenant, but ended up being underwater on the house payments. This is when he found BiggerPockets and read Rich Dad Poor Dad.
What was Dion’s mistake? He wasn’t running his rental properties like a business. After upgrading his processes, he went on to buy and house hack a duplex. Then he bought another duplex as an investment, and another one, then another house hack duplex. Within just 6 years, he had 7 units and was raking in $2,700 a month in pure cash flow!
Dion talks about the mistakes he made, why he prefers side-by-side duplexes, how he’s located his properties for maximum asset protection, and goes into his amazing strategy for getting tenants to sign longer leases and raise their own rents. You can check out Dion’s Youtube channel or find him on the Real Estate Rookie Facebook Group!
In This Episode We Cover:
- Why being lazy can be a benefit when building systems for real estate
- How to use your job and your rentals to achieve a 100% savings rate
- The benefit of side-by-side duplexes as opposed to two-story duplexes
- Making sure that your procedures are easy so they can be repeatable
- Getting tenants on longer leases and higher rents with the “Binder Strategy”
- Spacing out rentals so you have a large pool of tenants to choose from
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast 276: Early Retirement ($10k/Month) by Age 35 with Bryce Stewart
- BiggerPockets Podcast 443: 10 Ways to Learn Anything Faster with Jim Kwik
- BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah
- BiggerPockets Money Podcast
- BiggerPockets Business Podcast
- BiggerPockets Rookie
- Rookie Podcast 51: 18 Deals in 2 Years AND a Full Time Job with Kevin Christensen
- CDS Rental Calculator App
- BiggerPockets Rental Calculator
- Zillow
- Trulia
- Wells Fargo
- Guild Mortgage
- BiggerPockets Facebook Group
Check the full show notes here: http://biggerpockets.com/show448
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What do you want out of life? What do you want to accomplish in the next 3-5 years? When asked this question, most entrepreneurs give a pretty simplistic answer. Something like “Oh, we’ll get more clients by this time next year” or “I’ll buy two more houses and then I’ll be happy”. How often do we sit down and paint a picture of what we want our life to look like? Today we’re discussing Vivid Visions with their creator Cameron Herold.
Cameron is a veteran in the business world, he likes to say that he was “groomed” by his entrepreneurial grandparents and father to become a success story. By the time Cameron was 21, he had a full-on business that had 12 employees, and at 22 he bought his first rental property. He later became a franchisee for College Pro Painters and was so successful that he went on to coach new franchisees.
He’s partnered with hundred-million dollar companies, grown and sold businesses for millions, coached the CEO of Sprint, a monarchy in the middle east, has written 5 books, and runs the Second in Command Podcast, where he talks to successful COOs. Cameron is someone who clearly has accomplished a lot and has a TON of wisdom to share.
Cameron has serious knowledge on business management and talks about the importance of the CEO and COO relationship. Cameron describes how a COO needs to be a partner to the entrepreneur (the CEO) and operate as the ying to the CEO’s yang. If you’ve heard the terms “the visionary and the innovator” from books like Traction, this is exactly what Cameron is talking about.
If you’ve been wondering where the idea of a “plan” or “vision” comes into play, Brandon, David, and Cameron all discuss their “Vivid Visions” and how it’s led them to success in their life. Cameron coined the term “Vivid Vision” because most entrepreneurs were simply writing down a 1-2 sentence mission statement instead of creating a vision of what they wanted their company and future to look like. This vision not only helps you build a life you want by design, it also entices great executives, employees, and partners to join you on your path to that clear and decisive “Vivid Vision”.
In This Episode We Cover:
- How Brandon found out about the “Vivid Vision” and how it has changed his worldview since creating one
- Why Cameron decided to coach COOs as opposed to CEOs
- The importance of having a COO or 2nd in command that you trust and believe in
- Why your job postings should scare those who aren’t ready to take risks and grow
- Why entrepreneurs have such a hard time when letting go
- How to create your “Vivid Vision” in 7 steps
- What a great “Vivid Vision” looks like, what it includes, and how to structure it
- And So Much More!
Links from the Show
- BiggerPockets Podcast
- BiggerPockets book store
- Brandon's Instagram
- David's Instagram
- BiggerPockets Business Podcast 39: Creating Your Vision and Achieving Massive Success with Cameron Herold
- BiggerPockets Podcast 230: Real Estate Investing as a Side Hustle with Grammy-Winning Producer Seth Mosley
- Brandon's Vivid Vision (photo)
- Second-In-Command Podcast
- Vivid Vision Website
Click here to check the full show notes: https://www.biggerpockets.com/show447
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Have you ever had analysis paralysis? Maybe you have it right now and that’s why you’re listening to this episode! Kyle and Lauren Clugston would call that “productive procrastination”, and the only way to get out of it is to move forward! They should know, it took them over 3 years before they made their first move in real estate investing!
In college Lauren stumbled upon Brandon’s old blog about real estate investing. As she read, she gained more confidence in the craft, and knew that real estate was what she wanted to do with her money. She then started trying to convince her partner, Kyle, that real estate investing was the way to go. As someone without an investing background, Kyle was hesitant, but took a leap of faith which paid off!
Now they're BRRRR-ing their way through New Jersey, with single family and multifamily properties throughout the state. Lauren and Kyle had to learn a lot before they became the real estate success stories they are now. Things like doing inspections, estimating rehab costs, getting financing, setting up systems and procedures, and getting legal documents prepared were at one point a great challenge to Lauren and Kyle. Now, they’ve got them down!
Lauren and Kyle lay out everything they wish their former selves had known, and go through the things that early real estate investors should worry about, and the things they definitely shouldn’t lose sleep over. This advice could save months, weeks, or hours off of your deal analyses and might be just the thing you need to get out of analysis paralysis!
In This Episode We Cover:
- Why house hacking is such a great strategy for new investors
- Focusing on the right metrics, whether it be cashflow or units
- Defining your specific roles as partners and investors
- The importance of weekly meetings with your team
- Setting up your real estate to run like a business, not just a hobby
- How to put together an “invest with us” packet for private lenders
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Grant Cardone
- BiggerPockets Youtube Channel
- Brandon's Old Blog
- BiggerPockets Webinars
- BiggerPockets Rehab Estimator Calculator
- BiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl Yarber
- Bathroom Example (file)
Check the full show notes here: http://biggerpockets.com/show446
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The BiggerPockets podcast has quite a diverse group of guests that come on the show. We’ve had writers, speakers, businesspeople, and actors, but this may be the first rapper we’ve had with us. Chris Greenwood AKA Manafest is in the studio, and instead of recording beats, he’s recording the best lessons he’s learned through his music career, real estate investing, and online business.
Chris started out like many of us, working a stable job for a large corporation. After years of doing music on the side while working his full time job, he decided to take the jump and make rapping and rocking his career. Chris is the first to admit that this may not have been the best financial decision, and staying on the job for a little while longer could have relieved him of a lot of headaches. That being said, Chris didn’t just survive, he actually thrived in the music scene.
When Chris and his wife decided to move out of their condo to upgrade to a larger home, they brought up the idea of renting out the condo instead of selling. This opened Chris up to the world of real estate investing, and as he saw the checks start to come in, he realized that this was a money maker that could help bring in stable income, passively while he worked on his music.
Now Chris owns various properties and mainly buys from turnkey companies. Brandon, David, and Chris all have their own opinions on turnkey real estate investing, but they all agree on one thing: for those that don’t have much time to be an active investor, it’s a great way to start or stack up rental properties.
Aside from rentals and rapping, Chris developed his own online course to teach other musicians how to successfully market their music in an industry that has such a high barrier to entry. Chris talks through how he separated himself from all the other “course gurus” and how you too can serve as an authoritative figure in your own community with knowledge, experience, and perseverance.
In This Episode We Cover:
- How Manafest got his start in music (and why he made the jump to full time)
- The struggles and benefits of working a full-time job and pursuing your dreams
- Renting your primary residence instead of selling when you move out
- Not getting sucked into the “you’ll have to fix toilets” fear of real estate investing
- Turnkey rentals and why they may (or may not) work for your investing strategy
- Having the drive to help people before you ask for money or a sale
- Chris’s book From Red to Black
- And So Much More!
Links from the Show
- BiggerPockets Podcast
- BiggerPockets book store
- Manafest Website
Click here to check the full show notes: https://www.biggerpockets.com/show445
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
It seems like young real estate investors get more and more impressive every week. Today we talk with Cole Ruud-Johnson, a wholesaler and flipper out of the Seattle area. The impressive part? He’s 22 years old and has done 150+ deals to date! Even at 22, Cole’s journey wasn’t a linear path, he had lots of ups and downs to get him to the level of success he achieves now.
Cole tried to be a real estate agent at 18, but wasn’t getting the hang of it. After failing at a couple of real estate brokerages, he entered into a third and learned how they were creating their own inventory via cold calling. He decided he’d give this a try, and partnered up with his friend to cold call for deals.
After three months, an agent brought them their first off-market deal. This first deal alone netted them $105,000. Yes, you read that right, six-figures on ONE wholesale deal. This wasn’t enough for Cole, he knew he had to get back out there and work on getting his next deal.
Cole’s small business grew to a small empire, but over time this pushed him into a massive burn out. He had to make some BIG changes in his business, many of which even business veterans wouldn’t be comfortable doing.
Now he’s here with us on the podcast, talking through his lean team, his deals, his systems, and how new wholesalers can start getting deals. Cole even throws in the script he uses to get wholesale deals over the phone, so if you’re thinking about getting off-market deals or starting your wholesaling journey, this is the episode for you!
In This Episode We Cover:
- How wholesaling and off-market deals can net big profits
- Why you need to be consistent when cold calling
- The script that Cole uses to get off-market and wholesale deals
- How to scale your business (and prevent massive burnout)
- Growing slowly to scale, instead of fast and crashing
- The types of lists that Cole and his team pull
- Keeping the flow of communication open between you and your partners
- Taking action instead of just taking in information
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast 443: 10 Ways to Learn Anything Faster with Jim Kwik
- BiggerPockets Podcast 403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason Drees
- BiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!)
- BiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl Yarber
- BiggerPockets Podcast 394: Making a 25 Deal/Year Business (and Marriage) Work… Together! with Elliot and Chrissy Smith
- BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan
Check the full show notes here: http://biggerpockets.com/show444
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
During childhood, Jim Kwik experienced a traumatic brain injury. As a result, he lacked focus in school, wasn’t able to read properly, and at one point, a teacher told him that he had a “broken brain”. So how did a kid with a “broken brain” become the leading mental coach for athletes, CEOs, and movie stars? Simple: Jim looked into how to learn instead of what to learn. Soon enough, Jim was reading faster, memorizing with higher accuracy, and doing well in school.
His friends asked him for some tips so they could improve their grades as well. With some success in his inner circle, he decided to make a flyer for speed reading and memory improvement classes. He put up the flyer at his college hoping one or two people would show up to his impromptu class. Over 100 students showed up, of which 71 signed up for a full course with Jim. After that, Jim knew it was his life mission to help those who wanted to learn, memorize, and live better.
So why is it so hard for some people to memorize things? We forget details all the time, whether it be names, addresses, phone numbers, or other important information. Jim goes through a simple method to memorizing any piece of information, called the M.O.M system. He also outlines 10 tips for a limitless brain, many of which you can implement soon after you finish this episode!
Even something as simple as reading slightly faster can allow you to save weeks worth of time each year. So if you’ve been beating yourself up over forgetting that one seller’s name, check out Jim Kwik’s podcast and his new book Limitless. As Jim puts it, increasing your memory and reading power not only adds years to your life, but life to your years!
In This Episode We Cover:
- How Jim recovered from a traumatic brain injury as a child
- Why school teaches us what to learn, but not how to learn
- Increasing your reading speed so you can finish tasks faster
- How to remember important things like names, addresses, and phone numbers
- The 3 keys to a better memory
- The 10 tips for a limitless brain (including diet, exercise, and learning)
- How to learn anything faster (no matter what it is!)
- And SO Much More!
Links from the Show
- BiggerPockets Podcast
- BiggerPockets book store
- Jim Kwik’s podcast
- Limitless by Jim Kwik
Click here to check the full show notes: https://www.biggerpockets.com/show443
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Hearing Bryce Stewart’s story may sound familiar to long-time BiggerPockets Podcast listeners. That’s because Bryce was on Episode 276 where he gave the great metaphor “vacuuming out the truck” relating to real estate investments.
Bryce is back to talk about being a great mentor/mentee, what every contractor needs before working on a rental, how to go from active to passive real estate ownership, and his new book House-Hacker’s Guide To The Galaxy.
Bryce understands what it’s like to be a new investor. Every step seems hard, the end result seems almost impossible, so where do you even start? Simply, take a step forward, no matter how small it is. Even just starting to save a few hundred bucks a month can be your first step towards becoming a real estate investor.
As time goes on, these small steps become giant leaps, and what seemed impossible at first, can now be doubled since you have the know-how. Bryce takes us back to a time where he didn’t know how to get his property taxes lowered, but through very incremental steps was able to make a case and save himself thousands of dollars in the long run.
Looking for a mentor? Stick around to hear Bryce’s top piece of advice for any new real estate investor. This simple tactic can help beginner investors know more about what they’re getting into and also show the mentor they’re serious about their new interest.
In This Episode We Cover:
- Why small steps can lead to massive leaps in real estate investing
- How to go from an active to a passive investor
- Why newbies should know what collateral is and how it affects their loans
- What every contractor needs to have before they work with Bryce
- A specialized and creative new BRRRR strategy
- What you can do to get your foot in the door as a real estate investor
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Bookstore
- BiggerPockets Podcast 276: Early Retirement ($10k/Month) by Age 35 with Bryce Stewart
- BiggerPockets Webinars
- Docusign
- Dotloop
- M1 Mastermind
- YNAB
- Zillow
- The Crown (Netflix)
- Young Life
Check the full show notes here: http://biggerpockets.com/show442
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
When most people think of professional athletes, they usually think of superstars being paid millions every month (or even every week). Most people don’t come to realize that for everyone on an NFL team, that pay grade isn’t as high. That too, is what Hakeem Valles found out after being signed on by the Cardinals.
Hakeem wasn’t making a lot, and realized that he was essentially throwing away $2,000 a month on rent. After one season with the team, he decided to go on BiggerPockets and ask around for agents and leads in the area. Hakeem ended up with a LOT of responses and found a great agent who helped him close on a fourplex, which he house hackedwhile practicing with the team.
It’s hard enough to house hack when your tenants know you’re the owner, but it can be even harder when your tenants know you’re an NFL player. Hakeem’s advice: be a tenant of your own property and don’t let the other tenants know that you own the place. Doing this can help reduce some awkward encounters you may have.
After retiring, Hakeem went on to do bigger real estate deals and partnered up on a 40 acre farm! He also owns Perspective Global Media, where he counsels other real estate professionals on how to grow their reach through social media platforms like TikTok and LinkedIn. Hakeem drops some gems towards the end of this episode on how you too can use TikTok to gain followers, clients, and partners!
In This Episode We Cover:
- Why even professional athletes need to have multiple streams of income
- How a shocking event in Hakeem’s life changed his outlook forever
- Fighting income creep and keeping expenses low
- When renting does and doesn’t make sense for your financial situation
- The biggest mistake Hakeem made when living in his fourplex
- How to fight the fear of getting into real estate (and making mistakes)
- Using social media to leverage your personal brand and grow followers and clients
- And So Much More!
Links from the Show
- BiggerPockets Podcast
- BiggerPockets book store
Books Mentioned in this Show:
- Rental Property Investing by Brandon Turner
- The Go-Giver by Bob burg
- The 1 Thing by Gary Keller
Click here to check the full show notes: https://www.biggerpockets.com/show441
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Believe it or not, TikTok isn’t just teenagers doing dances; there are actually some pretty influential investors on the platform. Meet Daniel Iles, a TikTok and Youtube creator who bought a staggering $1,000,000 in real estate during his first year of investing. Daniel was able to amass this serious sum of real estate while only putting $23,000 down. Now that’s impressive!
Due to an aggressive goal of reading 60 books a year, Daniel picked up a book that many of our listeners have heard of, Investing in Real Estate with No (and Low) Money Down from our very own Brandon Turner. This unlocked the potential of investing in real estate for Daniel. He took advantage of FHA loans, using equity as down payments, and building his credit to get loans from small credit unions and banks.
Daniel now owns 9 units and a combined valuation of almost $1,500,000, still with almost no money down. Daniel stresses that his success comes from systems. Whether it’s systems about credit cards, loans, tenant management, deal analyzing, or anything else related to real estate investing, systems are the key to keeping your sanity when things go wrong.
He also has some tips for new investors trying to acquire a lot of real estate, in a small amount of time. Creating these systems for scaling will allow you to make smart decisions and invest in a way that doesn’t push you to burn out.
In This Episode We Cover:
- Using TikTok as a creator, not a consumer, to connect with influential investors
- How Alaska real estate compares to continental United States real estate
- Securing houses with low or no money down
- Using equity in a house as the down payment
- Why small banks and credit unions may be more flexible when funding deals
- What Daniel looks for in his rental properties
- Tenant management systems for simpler investing
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Bookstore
- TikTok
- BiggerPockets Podcast 407: Buying 100+ Houses/Year in 4 Hours/Week Using Teams, Traction, and (Get this…) TikTok with Ryan Pineda
- Zillow
- Realtor
- Craigslist
- TenantCloud
- Tim Ferriss
Check the full show notes here: http://biggerpockets.com/show440
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Last week’s show with Marie Forleo was so good that Brandon and David are back with a special guest, BiggerPockets’ senior producer Kevin Leahy, to unpack all the wisdom from the “figureoutable” show.
Kevin learnt about Marie Forleo though his wife suggesting he take some of her advice when transitioning into his current position at BiggerPockets. A simple trick from Marie helped Kevin make some big decisions: see if your body expands or contracts when you think about two different options. This trick, along with her insight on writing your options down in order to take a step back from your situation, has helped Kevin make some hard decisions.
If you listened to last week’s show, you’ll remember that Marie touched on how important marketing is in any industry. Whether you’re a real estate agent, a buy and hold investor, or a flipper, you have to be marketing to get clients, deals, and even employees. How are you differentiating yourself in the market, and what can you do to be “that guy” or “that girl” in your specific industry?
You’ll also hear a special tip on how Kevin lost a deal to another buyer, and the exact tactic that the other buyer used to get the property under contract. Kevin goes through why this is such a great tactic for making sellers comfortable and how you can deploy it in your future deals as well.
In This Episode We Cover:
- How to stop trying to force square pegs into round holes
- The importance of taking a step back when assessing the situation
- Harnessing intense emotions to make a better game plan
- Why every business person NEEDS marketing in their industry
- How to differentiate yourself within a market
- Standing out to sellers to get more deals underway
- And So Much More!
Links from the Show
- BiggerPockets Podcast
- BiggerPockets book store
- BiggerPockets Podcast 437: How Your “Worst Case Scenario” Can Set You Free From a Job You Hate with Marie Forleo
Click here to check the full show notes: https://www.biggerpockets.com/show439
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Anson Young’s voice may sound familiar to you, that’s because he’s been on the podcast four times! Every time he’s back we learn something new, and today, Anson is talking about how to find and fund great deals, regardless of your schedule, or budget. You don’t need to be a full-time real estate professional to find great deals, just be sure to follow Anson’s advice.
If you haven’t heard Anson’s prior episodes, here’s a recap. Anson has touched on almost every aspect of real estate investing. He flips, he wholesales, and he sells houses as an agent, meaning he has a huge amount of knowledge to share to BiggerPockets listeners. On average, Anson is doing 12-15 flips a year, 10 wholesale deals a year, and a dozen or so sales a year as an agent.
Anson has some great advice on finding off-market (and on-market) deals that include driving for dollars, door knocking, and list building. He also shares how to build a profitable list, what neighborhoods to look into for deals, and how to specify what type of home you’re trying to get depending on your goals.
If you’ve been trying to get your foot in the door to real estate investing, Anson shares why many people have trouble at the start. It all comes down to consistency. If you’re new, it may be fun at first to start driving for dollars, but are you doing it consistently? Do you have an accountability partner that can hold you to a high standard to get the work done? Are you systematizing your leads or trying to juggle them all in your head?
We also talk about Anson’s fantastic book Finding and Funding Great Deals, where you can find everything you need to find and fund your next real estate deal. We’re also happy to announce the BiggerPockets Book Club, where you can hear from Anson live and ask him questions about his deals, his book, and his portfolio!
In This Episode We Cover:
- How to find profitable deals in hot markets
- Determining your goals and aligning them to your investor strategy
- What to do if you struggle with consistency in real estate investing
- How to analyze not only your deals but your market as a whole
- What to look for in niche lists when prospecting off-market deals
- Hiring out jobs to get your lead funnel filled
- How to have your letter stand out when doing direct mail marketing
- And SO much more!
Links from the Show
- BiggerPockets Forums
- David's Instagram
- Brandon's Instagram
- BiggerPockets Book Club
- BiggerPockets Podcast 034: Virtual Real Estate Investing and How to Find Great Deals in a Hot Market with Anson Young
- BiggerPockets Podcast 096: Finding Deals, Wholesaling and House Flipping in a Hot Market With Anson Young
- BiggerPockets Podcast 235: How to Find and Fund Real Estate Deals with Anson Young
- BiggerPockets Podcast 328: How to Laser-Focus on the Wildly Important With Author Chris McChesney
- Zillow
- Redfin
- Official BiggerPockets Facebook Group
- Whitepages
- BiggerPockets Podcast 012 : Wholesaling and Marketing with Sharon Vornholt
- ListSource
- BiggerPockets Podcast 437: How Your “Worst Case Scenario” Can Set You Free From a Job You Hate with Marie Forleo
- BiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!)
Check the full show notes here: http://biggerpockets.com/show438
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Marie Forleo, world class coach, marketer, and author, grew up with a mother that did everything. Whether it was retiling the bathroom, fixing a leak in the roof, or performing electrical engineering on small appliances, her mother seemed to be able to figure out almost anything. One day she told Marie “everything is figureoutable”, which became the mantra for her career.
Fast forward a decade or so, Marie is working on the floor of the New York Stock Exchange, surrounded by the mega rich. She was stressed out and felt that she wasn’t in the right place. After a prayer and a cry, Marie knew she needed to get out from a job that was slowly killing her. She made the jump and went after coaching, without any experience, money, or clients.
Before she left her job she asked herself, “what is the worst case scenario if I leave”. She calculated it out, wrote it down, and realized, the worst case scenario really wasn’t all that bad.
Marie strongly believes that although you can be a victim of circumstances, you should never victimize yourself and tell yourself that you “can’t” do something. Everyone has the ability to reach their full potential, but once you start putting up excuses, it’s hard to get there.
“Feel the fear”, that’s what Marie told herself in those trying times, and continues to tell herself and her clients that everyday. As she puts it “Fear is really trying to tell you to move towards something”. As real estate investors, this is something we can all relate to, but often don’t put into practice. Well, now's the time to!
In This Episode We Cover:
- The 3 rules of “everything is figureoutable”
- The power of neuroscience and how you can use it to shape your behavior
- How would you behave if you were the best in the world at your job?
- Changing your limiting beliefs to reach something greater
- Knowing when to leave a bad job and having a plan for the worst case scenario
- Feeling the fear and running towards things that scare you
- Pulling yourself out of the victim trap (even if you are a victim)
- And So Much More!
Links from the Show
- BiggerPockets Podcast
- BiggerPockets book store
- Everything is Figureoutable Website
- Marie's B School
Click here to check the full show notes: https://www.biggerpockets.com/show437
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
There’s a limiting belief that many people have: “I can’t do this thing because I have no experience”. Jamie Gruber disagreed with this line of thinking. Even with no multifamily experience, Jamie decided he wanted to be a multifamily investor. So what did he do? He started the Multifamily and More meetup to network with existing multifamily investors.
This didn’t mean that Jamie had no experience in real estate, he had a small portfolio of single family homes that he started to landlord by accident. Even with no experience in the multifamily space he was interested in, he was able to secure a deal with a member of his network.
Now with 21 chapters and 10,000+ members, Multifamily and More has become a big part of the multifamily investing community. It grew because, as Jamie describes, he added value, stayed consistent with meetings and postings, and built an online community that could network and interact (even during COVID).
Jamie gives his tips on starting a lasting community, how to navigate meetups during COVID lockdowns, finding the best partners for multifamily deals, and the importance of cash reserves when buying a property. Many single family investors want to transition to multifamily, if you’re part of that demographic, join Multifamily and More!
In This Episode We Cover:
- Turning your primary residence into a profitable investment instead of selling
- The importance of having cash reserves available when doing deals
- How to break through single family investing and start growing a multifamily portfolio
- What a business partner needs to see in you before they can offer you deals, money, or experience
- The difference between financing residential deals and financing multifamily deals
- Why you need to have a good operating agreement when partnering on deals
- And SO much more!
Links from the Show
- BiggerPockets Forums
- David's Instagram
- Brandon's Instagram
- BiggerPockets Podcast
- BiggerPockets Podcast 266: How We Used a Partnership to Buy 900 Units with Jake and Gino
- Meetup.com
- Gobundance Emerge
- Zoom
- BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn
Check the full show notes here: https://www.biggerpockets.com/show436
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Scott McGillivray is back for this second part of his amazing interview. Last time we talked about the nitty gritty of Scott’s investments, how he started to acquire houses, and building his empire. Now we’re touching more on the mindset of what makes Scott so successful, and how you can put yourself in his shoes.
Many people may know Scott from his HGTV shows, but maybe you didn’t know he was once in a boy band. Seriously. He took dance classes, convinced his friends to join him, and sold out some shows, but the takeaway from this short-lived boy band was priceless. If you see someone else finding success with something, use their blazed trail to find success yourself.
From his boy band, to being on student council, and even the passing away of a loved one, Scott learned valuable lessonsthat he took with him for the rest of his life, and now gets to share with the BiggerPockets audience.
Scott goes on to share a story that made him pivot the direction of his life as a teenager, and lead him to become the real estate mogul he is today. Scott goes through his top pieces of advice for young people and proves how planting seeds for investments early leads to acres upon acres of residual fruits for decades to come.
In This Episode We Cover:
- How Scott manages his hectic life between companies, shows, and family
- Why successful people aren’t afraid of failing
- What young or inexperienced investors should do when they feel scared of taking a risk
- Why Scott says you “can’t lose money in real estate”
- The importance of talking to those who are older and have more experience than you
- Scott’s top pieces of advice for young people just starting out their careers
- How Scott runs his companies and what he’s doing to be a better leader
- How you can be the MVP of your company
- And So Much More!
Links from the Show
- BiggerPockets Podcast
- BiggerPockets book store
Books Mentioned in this Show:
- E-Myth by Michael Gerber
- Built to Sell by John Warrillow
Click here to check the full show notes: https://www.biggerpockets.com/show435
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Do you like watching home improvement shows such as Income Property, Vacation House Rules, and *Buyers Bootcamp? If so, you’re in luck! Joining us on the podcast is HGTV host Scott McGillivray*! Scott has been hosting some of the best real estate investing and construction shows for over a decade now, and if you like BiggerPockets, you’ve probably seen an episode of one of Scott’s shows!
Scott’s investing career started long before his TV network deals. As a student in college, Scott accidentally stumbled upon his landlord’s mortgage statement of account. He realized that him and his roommates were paying a few hundred dollars over what their landlord was paying monthly for a mortgage. That was the lightbulb moment for Scott. It was time to get into real estate investing.
While in college with no job, very little money, and no experience, Scott bought a house and moved out of his rented room. Now he wanted more. Over the next few years Scott started amassing more and more rentals, taking as many financing options as he could get his hands on. By the time he was 25, he already had 25 units and a significant amount of profit coming in every year.
This only pushed Scott to strive for bigger and better deals. Now Scott owns hundreds of rentals, and spends his time between Florida and Canada, finding more deals, and fixing up more rentals.
Scott is a tried and true investor, one who has gone through different market swings, different fads, and many different tenants. While he’s only in his early 40s, he has amassed an extensive knowledge of the real estate space. It’s no surprise he’s one of Brandon’s real estate heroes!
If you liked this episode be sure to tune in this weekend for part 2 of Scott's interview!
In This Episode We Cover:
- When is the best time to get started in real estate?
- Why most people are scared to invest, and what pushes them to finally do it
- Amassing a small real estate empire even while you’re young
- How to take advantage of financing offers and how Scott closed on 8 houses in the same day
- Why you need to give your investing career time to start rolling
- What a “double offer” is, and how you can use it to beat others to a deal
- Why you should take action even when the market is uncertain
- The ScottMc Method
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Shirt
- BiggerPockets Podcast
- Income Property Show
- Grant Cardone
- Brandon's Guesting in Scott's Podcast
Check the full show notes here: http://biggerpockets.com/show434
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
You may have heard a speech from Ed Mylett (AKA the greatest speaker of today) sometime before this episode, but maybe not like this. For those who don’t know, Ed Mylett is a renowned speaker, entrepreneur, real estate investor, author, and podcaster. He has started businesses worth millions and continues to teach entrepreneurs through his personal brand.
What many people don’t know is how much Ed loves real estate. That’s right, you heard it first on BiggerPockets! It’s not the speaking, writing, and podcasting, it’s owning cash flowing properties. As a matter of fact, he just closed on one recently with his son and did an astonishing $100 million in real estate deals in 2020.
Ed emphasizes the importance of faith, generosity, and most importantly, setting your life at a high standard. These seem to be the key thought processes that many other successful entrepreneurs have, and again proves Ed’s point on their importance.
It’s not easy being in real estate, especially when the deals get big (we’re talking $25M+ deals). Ed cautions young investors to not bite off more than they can chew, or as he puts it “don’t take a loss where you can’t fight again”. In a world full of mega-leveraged investment opportunities, this might be the advice new investors need to feel confident going forward.
This episode also dives into the importance of having a purpose, whether related to faith or not, and how you need to chase the life you want, set your standards high, and do the most impactful things to accomplish them.
Links from the Show
- BiggerPockets Podcast
- BiggerPockets book store
-
Maxout Your Life Website
Books Mentioned in this Show:
- #Maxout Your Life by Ed Mylett
- E-Myth by Michael Gerber
Click here to check the full show notes: https://www.biggerpockets.com/show433
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Everyone wants to be a millionaire, and if you’re listening to this episode, you probably want to be one as well! With so many online gurus trying to sell their secret to success, it can be hard to distinguish the real from the...not so real.
On this episode, we’re lucky enough to have two millionaires with us! Brandon Turner and David Greene! Brandon and David have compiled a list of 4 traits that all millionaires possess, and if you can possess these traits too, you’ll be on your path to millions. These millionaire traits aren’t just exemplified in Brandon and David, these traits tend to be universally consistent across self-made millionaires.
This episode will also touch on mastery and how you can not only achieve it, but refine it using the 4 stages of mastery. Stuck on a deal, don’t know where to go next in your career, thinking of jumping ship on a project? List down these 4 stages and see where you stand, you’ll be able to see what you need to do to go on to achieve greater mastery in whatever you’re interested in.
Since it’s the start of the year, it’s a great time to look forward with not only hope, but a plan. Take your existing plan and see where these traits and stages fit into your life, where you’re lacking, and where you can do better. This is how you’ll achieve success and the coveted millionaire status.
In This Episode We Cover:
- What sets apart millionaires from those chasing millions
- The 4 common traits of a millionaire
- Developing your crystal clear criteria for investing in real estate
- The importance of raising standards over time to achieve more
- Why tracking your personal AND business life can merge to benefit your entire life
- The 4 stages of mastery that will make you into a millionaire
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Ramit Sethi Will Teach You to Be Rich! – BiggerPockets Money Podcast 73
- BiggerPockets Money Podcast 127: Planning for the Unexpected: Being Financially Ready to Take Advantage of Opportunities with Ramit Sethi
- BiggerPockets Podcast 403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason Drees
- BiggerPockets Calculators
- BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman
- BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray
- BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray
Check the full show notes here: https://www.biggerpockets.com/show432
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Your agent is calling you to show you houses, your boss is emailing you about some work to do, your partner wants to grab dinner, and you want to take a nap. How do you prioritize things in your life when everything seems so important? The key is essentialism.
Joining the podcast today is Greg McKeown, Author of Essentialism: The Disciplined Pursuit of Less. Greg relates to the struggle of many entrepreneurs and investors: too many options, not enough time. Instead of telling you to wake up at 5 AM, take a cold shower and work until 10PM, he presents a far more effective (and simple) approach.
What Greg suggests: pick the things you care most about, do them, and don’t worry about the rest. But how do you pick when everything seems essential?
The answer: almost everything else besides your core cares/needs aren’t essential. If you begin to treat the non-essential as essential, you stretch yourself too thin, not allowing you the time to accomplish what truly is...essential.
In the modern age, many of us feel like we don’t have time to accomplish everything we want. When we get laser-focused and put the principles of essentialism in our daily lives, we can accomplish more than ever.
In This Episode We Cover:
- What is essentialism?
- How to designate the non-essential from the essential tasks
- Why having too many good options puts us in a dangerous position
- How to find out which tasks deserve delegation or deletion
- Developing the courage to say “no”
- Finding an accountability partner so you’re locked in for success
- Why Brandon wants to spend less time on Tiktok
- And So Much More!
Links from the Show
- BiggerPockets Podcast
- BiggerPockets book store
- Essentialism book Website
- StickK App. How to turn goals into a reality
Click here to check the full show notes: https://www.biggerpockets.com/show431
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Another year of the BiggerPockets Real Estate Podcast is in the books! This time, we’re joined by co hosts, David and Brandon, live from the Sea Shed in Maui!
We’ve had such a fantastic group of guests this year, so to help ease into 2021, David and Brandon picked their 7 favorite clips from the whole year. You’ll hear from familiar faces like Tarl Yarber, Thach Nguyen, and other real estate rockstars.
This episode doesn’t just touch on real estate, we also go into how many real estate professionals made personal growth a priority when accomplishing their goals, all while enjoying their life more.
If you’re ready to expand your business, get more units under contract, or begin your first house hack, this advice will be crucial for your personal, business, and real estate success in the coming year. It has certainly helped out Brandon and David!
Thanks again for joining us this year, we look forward to interviewing even more amazing guests in 2021 (and beyond)!
In This Episode We Cover:
- Why certainty is often more expensive than risk
- Why integrity in the present is worth so much more for your future
- Staying focused on the long-term perspective for consistent success
- The importance of peace of mind when investing in real estate (and other assets)
- Why you need to build a business around your life (not the other way around)
- How to commit even when you don’t have all the pieces needed
- Why you always need to keep your expenses low (if you want to escape the rat race)
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast 368: $3,500 per Month From One BRRRR Deal With Palak Shah
- BiggerPockets Business Podcast
- BiggerPockets Business Podcast 88: What’s Your Special “Cut”? Why Brandon Turner and David Greene Doubled Down on Theirs in 2020
- BiggerPockets Podcast 375: Live Coronavirus Q&A: Resources, Tactics, and Mindset Shifts for Today’s Real Estate Investor
- BiggerPockets Podcast 376: 12 Real Estate Rockstars Reveal Their No. 1 Tip for Surviving (& Thriving) Through a Downturn
- BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn
- BiggerPockets Podcast 201: Flipping 100+ “Zombie” Houses with Justin Stamper
- Zombie House Flipping
- Hustle & Persistence To Build Wealth Through Real Estate | BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene
- BiggerPockets Podcast 395: From Car Valet to $100k/Month… Seriously! with Thach Nguyen
- BiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl Yarber
- BiggerPockets Podcast 403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason Drees
- BiggerPockets Podcast 422: From W2-Job Single Mom to Flipping Real Estate Rockstar with Amanda Young
- BiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy
- BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan
- BiggerPockets Webinars
- BiggerPockets Podcast 385: Once Homeless, Now Investing in an Expensive Market (With No Money of His Own) With Greg Gaudet
- BiggerPockets Podcast 393: Campus Maintenance Man to $10M in Real Estate Owned with Rick Jarman
- Rick Jarman's Instagram
Check the full show notes here: https://www.biggerpockets.com/show430
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How many times has something happened in life where we blamed someone besides ourselves for the outcome? Didn’t get a promotion: it’s your bosses fault for being greedy! Ran late to work: it’s all the other drivers faults, not yours! Investment property having problems: it’s the tenant doing all the damage!
Ryan Michler, founder of the Order of Man, sees this sort of victim mentality as a massive block to our full potential. He makes the well-put point that all we can do is control our effort, we can’t control others.
This realization didn’t come easy, though. Ryan realized this after a tough fight with his partner, leading him to reevaluate not only their relationship, but the way he shifted blame on others, in an unhealthy way.
Now Ryan interviews the men that he looks up to on his own podcast, all while running his organization/brotherhood of those part of the “Order of Man”.
It’s not easy to stay humble and calm all the time, especially in the state of our current world, but Ryan does as good of a job as any to remind us all that our future is in our hands, and all we can do is try our best, consistently.
In This Episode We Cover:
- Why we all need to practice humility, ownership, responsibility, and sovereignty
- The importance of having a “servant’s mindset” even as a business owner
- How to constantly add value to whatever you do in life
- Why we should shift our focus to our efforts and not other’s efforts
- Why having children makes you want to be better and push harder
- The importance of owning and running a business, even at a young age
- Dropping the “I” and using the “We” when leading a team
- Why “the win” is simply “playing the game”
- And So Much More!
Links from the Show
- BiggerPockets Podcast
- BiggerPockets book store
- The Intention Journal
- Order Of Man Podcast
Click here to check the full show notes: https://www.biggerpockets.com/show429
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Rodney Ross didn’t have the most gracious entrance to the real estate space. He bought a house while in college, with only $8,000 down and not a lot in the bank. The house ended up getting de-authorized for tenants to live in so Rodney had to go back on his loan. Game over right? Time to give up? Not for Rodney!
While finishing college, Rodney decided to take it a bit slower, getting his real estate agent license so he could build up the capital to buy rentals. He’s been an agent, a wholesaler, a general contractor, and a buy and hold investor. If it’s happening in real estate, Rodney probably knows about it!
Unlike many new (and even experienced) real estate investors, Rodney took the time to nurture leads, have meaningful conversations with sellers and buyers, and found that by having some basic empathy for the other party, you’re more likely to close deals.
This strategy seemed to have worked, in a decade since his first deal, Rodney now has around 20 cash flowing units, and he’s looking for more!
Using the 203k loan, Rodney has been able to get homes at a discount, finance the repairs, and get them rented and refinanced, kind of like a speciality BRRRR. This episode proves that if you care about real estate, care about your partners, and are willing to take risks, it will truly pay off.
In This Episode We Cover:
- How to get back up after a frustrating investment
- How knowing about construction timelines and projects can help you get comfortable enough to do your first rehab
- Why mixed use properties are often an overlooked real estate class
- The importance of defining your role with your partner
- How to talk to buyers so they’ll choose you over other offers
- Why it’s so important to look out for the other real estate parties in a deal
- And SO much more!
Links from the Show
- BiggerPockets Forums
- David's Instagram
- Brandon's Instagram
- BiggerPockets Podcast
- BiggerPockets Store
- Keller Williams
- Wells Fargo
Check the full show notes here: http://biggerpockets.com/show428
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
We’re joined today by author, consultant, and entrepreneur Brian Moran, author of The 12 Week Year. Brian holds a view that many BiggerPockets listeners subscribe to: you are more capable than you think. Through short term sprints, Brian has found that we can all accomplish long-term goals, regardless of the difficulty.
This isn’t just a strategy that works for real estate, this works in any industry. Brian has consulted with every kind of business, and the results speak for themselves. Regardless of job type, business type, or industry type, the 12 week yearhelps you accomplish more by doubling down on what you need to do most.
Brian also talks about the danger of long term goal setting, and even annual goal setting. It isn’t that long term goal setting doesn’t work, it’s that it presents us with a long time frame to accomplish something we could do far quicker. That’s how the 12 week year kicks our “unproductive mindset” to the curb, and gets us fired up to do great things sooner.
Many investors find it hard to break out of their comfort zone, do the things that they find hard, or even just feel motivated. The crucial part of finding success wherever you need it? Take action, start today, track, plan, and re-plan when needed. You’ll soon find that you’re fired up about things that used to seem scary!
In This Episode We Cover:
- What the “12 Week Year” really is
- How short term goal setting can help you accomplish your biggest goals
- Why you need to shift focus to executable tasks
- How to get tactical on your goals and what you can do to accomplish them
- Leaning into hard things and shying away from comfort
- The importance of “vision work” and knowing where you’re headed
- Holding yourself accountable for what you want most in life
- How repetition forms competence and competence forms confidence
- And So Much More!
Links from the Show
- BiggerPockets Podcast
- BiggerPockets book store
- Real Estate Investment Calculators
- Buy, Rehab, Rent, Refinance, Repeat by David Greene
- The House Hacking Strategy by Craig Curelop
Click here to check the full show notes: https://www.biggerpockets.com/show427
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Many new investors find excuses for why they can’t buy properties. Either they don’t have the money, the deals, or the experience. Our guest today, Jon Wooten, had none of these three, but found a way to acquire 18 units (and become financially free) in only a few years.
By asking questions and sticking out to the local real estate investors, Jon was able to acquire valuable experience, all while gaining equity in his rental properties. Jon has his own method for finding deals and acquiring wealth, called the “Sunflower Method”, which has helped him get to the point he is at.
Now, financially free at 28, Jon has the ability to choose whether he wants to work, which projects to go after, and how he wants to spend his time. This isn’t a far away goal that only the rich and well connected can get to, it’s available for all real estate investors!
You may be working a minimum wage job, stuck in a career you want out of, or have debt. Jon shows that all of these can’t stop you from acquiring wealth!
How do you find houses? How do you find a mentor? What’s the best way to find a quality handyman? How can you make sure a house is being inspected properly. All these questions and more are answered in this episode!
In This Episode We Cover:
- How to find a mentor AND get your first rental
- Why you should make it an effort to get to know your local real estate investors
- Why self-managing is a great way to gain experience
- How to get seller financing on a rental (and who to ask for it)
- Why you should call “for rent” signs
- What the “Sunflower Method” is and how it builds wealth
- The best way to find a quality (and inexpensive) handyman
- Fake cash flow vs Pure cash flow
- How to properly inspect a house before you make an offer
- And SO much more!
Links from the Show
- BiggerPockets Forums
- David's Instagram
- Brandon's Instagram
- BiggerPockets Podcast
- BiggerPockets Store
- BiggerPockets Podcast 050: Getting Started and No Money Down House Flipping with Mike Simmons
- BiggerPockets Podcast 200: A Step-by-Step Guide to Buying Your First Real Estate Investment
- BiggerPockets Podcast 180: 58 Deals by Age Twenty-Three with Devan McClish
- BiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan “The Mercenary” Murdock
- Open Door Capital
- Tony Robbins
Check the full show notes here: https://www.biggerpockets.com/show426
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On last week’s episode, we talked to Dan Sullivan, author of Who Not How. This week, we’re joined by his co-author, Benjamin Hardy. Benjamin has spent the last few years getting his PhD in organizational psychology, writing books such as Personality Isn’t Permanent and Willpower Doesn’t Work. These tie perfectly into his new book Who Not How, and will help you get to the business, personal, fitness, or other goals you’re trying to reach.
Benjamin goes through why things like willpower and effort are often misunderstood, and how they can be used as tools to get you to your goals, but they aren’t the path. Benjamin walks us through why so many entrepreneurs get “decision fatigue” and why situations often rule over people, not the other way around.
Benjamin presents a very unique view on shaping your future, one that isn’t often talked about in the self-help and business space. With many entrepreneurs feeling stressed, fatigued, or just confused, Benjamin’s advice offers not only a practical, but tangible way to accomplish what you want and do better in your business and personal life.
We also double down on the importance of hiring people who will make your life easier, not just for your sake, but for theirs as well. Plus, Benjamin shares one of the most important hires you can make that will help you clear hundreds of hours off your calendar.
This episode isn’t just about why you should hire an employee. It’s about how you designate your time, and ultimately your life. As Benjamin says “Your future self is more important than your present self”, and for good reason!
In This Episode We Cover:
- Why willpower doesn’t work in the way many people think it does
- Why situations are often more powerful than people
- How to remove “decision fatigue” and stop it from plaguing your life
- How to find the right “who” for your organization and life
- Defining your crystal clear criteria for your future self and the roles of others
- How to be the right “who” for someone else’s “how”
- Applying behaviors so your identity can follow
- Focusing more on getting your “$10,000 tasks” done
- And So Much More!
Links from the Show
- BiggerPockets Podcast
- BiggerPockets book store
- Benjamin's book: Willpower Doesn't Work
Click here to check the full show notes: https://www.biggerpockets.com/show425
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
We have a real estate and investing mastermind session in this episode of the BiggerPockets Real Estate podcast! J Scott, Amanda Han, & Matt MacFarland join David and Brandon to discuss what investors should do to maximize their wealth (and opportunities) in 2021.
Co-host David Greene goes over his new book SOLD: Every Real Estate Agent’s Guide to Building a Profitable Business, talking through who should (and shouldn’t) be an agent, what makes a great agent, how agents can maximize their income, and more!
J Scott talks heavily about how the election, stimulus packages, and new (proposed) tax codes could hurt (or help) real estate agents, and what you can do to ward off higher tax plans, loss of rent, or even inflation.
Amanda and Matt are our tax professionals on the show! They dive into which upcoming 2021 tax codes could affect you, whether you’re an agent, a real estate investor, or just a W2 worker!
This is a fantastic episode for any listener who wants to know more about how 2021 may shape our economic future. Thankfully, we have some of the best guests in the world to tell you about it!
In This Episode We Cover:
- Who should and shouldn’t become a real estate agent
- How to offset earned income tax with real estate investments
- Why you should buy David’s new book SOLD: Every Real Estate Agent’s Guide to Building a Profitable Business
- The new opportunity of buying businesses in 2021
- How to hire your best workers (and why you may need to let some go)
- How 2020 taught us to keep our businesses lean
- What to do if 1031 exchanges go away
- How inflation may affect your wealth over the next 1-5 years
- Why debt is a great inflation hedge
- And SO much more!
Links from the Show
- BiggerPockets Forums
- David's Instagram
- Brandon's Instagram
- BiggerPockets Podcast
- BiggerPockets Bookstore 20% off code: podcast
- BiggerPockets Business Podcast 20: The Questions You MUST Ask Every Potential Hire with David Greene
- BiggerPockets Business Podcast 18: How to “Have It All” by Living with Intention with Brandon Turner
- BiggerPockets Business Podcast
- BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray
- BiggerPockets New Books!
- BiggerPockets Podcast 319: Avoid These Common Newbie Mistakes! Hard-Earned Lessons from Nathan Brooks
- Paying Off Student Loan Debt with a Median Income and Two Kids in Northern California with Kyle Renke
- Bring Brandon a Deal
- BiggerPockets Webinars
- BiggerPockets Facebook Page
Check the full show notes here: http://biggerpockets.com/show424
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Has anyone ever told you “you’re really good at that, you should make a business out of it”, if so, you may have inadvertently found your “unique ability”.
Author and coach Dan Sullivan joins us to talk about the secrets of success behind the 20,000+ entrepreneurs he’s coached over the past few decades. If you’re finding it hard to scale up your business, hire on more staff, or get rid of the stuff you hate doing, Dan probably has an solution for you.
As someone who’s built a coaching empire AND been bankrupt twice, Dan knows a thing or two about what makes asuccessful enterprise, and what doesn’t. His key to success? Create a self-managing company, that allows you, the entrepreneur, to do what you really love.
Hate going through spreadsheets? Great, hire someone who loves it! Don’t like picking up the phone to talk to investors? Cool, get someone who likes to chat! Love giving presentations to prospective clients? Great, make it your main job!
Whether you have one employee or thousands of employees, Dan shows how simple it is to designate tasks, get the right person doing the right thing, and free up time for you and the whole team! The best way to hear Dan’s advice and grow your company? Listen to this episode!
In This Episode We Cover:
- Finding your “unique ability” and using it to build a business
- The 4 freedoms of an entrepreneur (and why they’re so important)
- How to create a “self-managing” company
- Why procrastination is a great tool
- Why the future of business is reliant on teams
- How to hold a team together when building your business
- Whether you’re a “simplifier” or “multiplier” entrepreneur
- How not to get bogged down in an abundance of choice in the modern age
- And So Much More!
Links from the Show
- BiggerPockets Podcast
- BiggerPockets book store
- Strategic Coach Website
Click here to check the full show notes: https://www.biggerpockets.com/show423
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Amanda Young stumbled into real estate. After being let go from a job, dealing with a family emergency, and homeschooling her son, Amanda knew that she had to find a way to provide for her family, but also allow her to discover her hidden edge.
After finding BiggerPockets and joining a local REIA (real estate investors association), she decided to take the jump and buy her first rental. Now, in 2020, she has 7 rental properties and a flourishing flipping business, working with a partner that matches her energy.
Amanda found her localized niche by targeting owners of “sinkhole homes” and offering them deals that not only made sense for the buyer, but were a steal for her. She then used creative financing (really creative) to get these homes under contract.
Amanda is the definition of someone who has grit, and is willing to work hard to earn their piece. She talks through Section 2 deals, 1031 exchanges, refinancing, and even how to “COVID-Proof” your tenants, so when the next global emergency happens, you’ll be ready.
In This Episode We Cover:
- How to fight your analysis paralysis and get deals done
- What probate deals are and how to find leads
- Why owner financing can be a win-win for buyers and sellers
- How Amanda found a niche in “sinkhole homes”
- Why it’s important to find a niche that others would run from
- How to “COVID-Proof” your rental properties
- Getting ahead as a woman in a male-dominated industry (flipping)
- Empathizing with the seller so you’ll win negotiations (even with less money)
- And SO much more!
Links from the Show
- BiggerPockets Forums
- David's Instagram
- Brandon's Instagram
- BiggerPockets Podcast
- Sinkholes: Swallowed Alive (Discovery Channel)
- BiggerPockets Podcast 412: Start Investing in Large Multifamily? How to Do it, and Why (or Why Not) with Ashley Wilson
Check the full show notes here: https://www.biggerpockets.com/show422
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Many avid members of the BiggerPockets forum, listeners to the podcast, or readers of our articles may know our founder, Joshua Dorkin.
What you may not know is Joshua’s journey in founding, building, scaling, and finally leaving BiggerPockets. It was a hard decision for Joshua to leave, but thanks to his amazing team, he was able to (even during a time of tribulation in his personal life).
You’ll hear how Joshua was cranking out 100 hour weeks, working 7 straight days, for the first 6 years of BiggerPocket’s existence. He later transitioned to building a team, starting with the BiggerPocket Podcast’s very own host, Brandon Turner.
This later snowballed into more hirings, with the BiggerPockets growing faster and faster, and being able to scale larger and larger. Just at the time when things were starting to go from big to bigger, Joshua had to take time off to take care of his daughter’s medical emergency. This caused a shift in Joshua’s reality, so he dropped everything.
This keynote speech goes deep into what really matters most. It’s not money, it’s not success, but it’s something that matters even more: fulfillment and family.
Check out the video on our Youtube channel, and be sure to give Joshua a follow on Twitter at @jrdorkin.
In This Episode We Cover:
- The history of BiggerPockets and how it grew to what it is today
- Why “knowing everything” usually means knowing nothing
- The importance of hiring smart, capable people
- How to listen to your body and mind, to find out what you need most
- Why you shouldn’t work 6 years straight with no time off
- Why you need to do the “Big Scary Thing”
- How life forces you to account for what matters most
- Why Joshua Dorkin has 3 dads
- And So Much More!
Links from the Show
- BiggerPockets Podcast
- BiggerPockets book store
Click here to check the full show notes: https://www.biggerpockets.com/show421
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
David Grabiner takes the term “long distance investor” to the extreme. While he was a hospital administrator in the Democratic Republic of Congo, he was calling real estate agents in Chattanooga, Tennessee trying to scoop up multifamily deals.
David started out by partnering up with his father, buying a quadplex that helped him get his initial training in property management. He later scaled up his and his father’s investment portfolio to 24 units, and then, within 3 years, scaled up his own investments to 150+ units!
This meant that David had to quit his job and go full-time into real estate investing. He did it, and he isn’t looking back! Now David is a deal-finding machine, buying directly from listing agents and becoming one of the go-to multifamily investors in Chattanooga.
Whether you own one single family home, a dozen duplexes, or hundreds of apartment complexes, you’ll take something away from David’s in depth discussion on property management, landlording, and tenant screening.
In This Episode We Cover:
- Finding your “unfair advantage” and how it can help your investing career
- Approaching different investors with different points of view
- The importance of networking for off-market deals
- Why you shouldn’t be scared to be “the owner”, and actually use it to market yourself to others
- How to find, screen, and keep tenants in place
- How you can quickly increase a property’s value (simply by being a great property manager)
- Finding the “sweet spot” in multi-family deals
- Setting up systems for automated property management (so you can scale!)
- And SO much more!
Links from the Show
- BiggerPockets Forums
- David's Instagram
- Brandon's Instagram
- BiggerPockets Podcast
- Buildium
- Collegedale Credit Union
- BiggerPockets Podcast 362: Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy Papasan
- BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss
- Rent Manager
Check the full show notes here: https://www.biggerpockets.com/show420
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Ever missed out on an important moment because you were staring at your phone, distracted by TV, or just zoning out? Nir Eyal, author of Indistractable, felt the same way when he missed an important moment with his daughter because he was locked in on his phone.
This spurred Nir’s curiosity on why people get distracted, what they’re getting distracted by, and how people can turn their distractions into the opposite: traction.
As a business owner, angel investor, Stanford lecturer, and father, Nir understands what it feels like to live a hectic life, but he also understands that most of the time, we ourselves are the ones making it hectic.
So what prompts us to take action? What prompts us to take inaction? How can we make ourselves do the things we need to do, with better results, and still have time for our children, relationships, hobbies, and even down time?
It’s all possible, and the key to a distraction-free life is even easier than you would think.
In This Episode We Cover
- Why most people know their distractions, but not how to eliminate them
- Why we need to “get out of our own way” to accomplish our goals
- How to find your “traction” and use it to get ahead
- The 4 steps to eliminate distraction
- Understanding your values and using them to schedule your time
- How to “time box” your calendar and get your tasks done
- Leaving the victim mentality behind and empowering yourself to do what’s important
- The 3 “life domains” that we revolve around
- Why you need to prioritize consistency over intensity
- And So Much More!
Links from the Show
- BiggerPockets Podcast
- Indistractable book’s Website
- Nir’s schedule maker tool
- Article “Why schedules are better than to-do lists”
- Brandon’s Instagram
- David’s Instagram
Books Mentioned in this Show
- Hooked by Nir Eyal
- Indistractable by Nir Eyal
Connect with Nir:
- Nir's website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Alex Camacho has had quite an interesting career path, and he’s just getting started! From a bank teller, to the mortgage business, to property management, and even Airbnb arbitraging, Alex took his time in acquiring the skills to succeed in real estate.
In this episode, you’ll hear Alex talk about how he became successful at locking down deals, finding the “pain points” of sellers, and how to have empathy when closing. You’ll also hear how he analyzed over 5,000+ deals, leading him at one point to close on 8 deals in one month (seriously!)
You’ll hear Alex go through his off and on-market strategies, and how to steer clear of deals that won’t make the cut. In just 16 months on his own, he’s done 14 deals, some with six-figure profits (each), and how he’s using social media to get even more!
In This Episode We Cover:
- The importance of apprenticeships in real estate
- The art of saying “no” as you grow into your role
- Why it’s crucial to surround yourself with high-level investors and entrepreneurs
- How to get great at analyzing deals, so you can close on the best ones!
- Using the “LAPS” funnel to drive leads and grow your portfolio
- Finding the “pain points” sellers have, and how to empathize with them
- Using social media as a tool, instead of a distraction
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Keyword Alerts
- BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene
- BiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl Yarber
- BiggerPockets Webinars
- BiggerPockets Calculators
- BiggerPockets Pro
- BiggerPockets Podcast 320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany Arnason
- BiggerPockets Podcast 292: 200+ Deals in the First Four Years with Ryan Pineda
Check full show notes here: http://biggerpockets.com/show418
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Are you a new or aspiring real estate investor who hasn’t locked down your first deal? Or maybe you haven’t hit your personal goal or unit count yet. If so, you may need to tweak your mindset to reach new heights.
Brandon and David are back flying solo on this weekend’s episode to talk about the 9 mindset changes that make successful real estate investors, well, successful! You’ll hear them dive deep into each mindset change, with examples from their investing careers, and how they made the leap to change their mindsets for the better.
If you’re looking to cultivate a healthier relationship with real estate investing for the better, this is an excellent episode to take some notes!
Whether you’re brand new to investing or just looking to level-up your current portfolio, you’ll take away some important lessons on this weekend’s episode.
In This Episode We Cover:
- Why many new investors haven’t done their first (or second) deal yet
- Understanding the cost of inaction (and how it can work against you)
- Focusing on the big picture without being bogged down with details
- Building your investment criteria to know what you want
- Turning “base hits” into “home runs”
- “Running towards hard” and taking responsibility for doing the work
- Thinking outside the box, regardless of your career, investor level, or experience
- Gathering experience and keeping the momentum going
- Using off-market techniques to get on-market deals (and vice versa!)
- Letting go of expectations for your deals
- And SO much more!
Links from the Show
- BiggerPockets Podcast
- BiggerPockets Podcast 413: Matthew McConaughey on Vision, Preparation, and Balancing Ambition with Family & Freedom
Click here to check the full show notes: https://www.biggerpockets.com/show417
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Many investors look at commercial real estate as a high-risk, confusing, and sometimes scary way to invest. Our guest today shows us why this isn’t the case. In fact, he did a multi-million dollar deal in his first year in real estate!
Minnesota-based health care professional Matt Onofrio helps us break down the stigma behind big commercial deals. From financing, taxes, mentorships, and more, Matt shows how someone from a completely different field can thrive in real estate... even with no prior knowledge of the space.
You may want to bring a notepad and pen, as Matt walks us through advanced strategies such as reverse 1031 exchanges, seller carrying, cost segregations, and triple net leases. Whether you’re looking into commercial or residential real estate, this is a can’t-miss episode.
In This Episode We Cover:
- Locking up your first deal with $0
- How commercial real estate can not only be profitable, but safer than residential
- The importance of your inner investor/mentor circle
- Whether residential or commercial real estate works for your mindset
- Offensive vs. Defensive real estate strategies
- Creating income producing debt
- Building your “vivid vision”
- How coaching can take you from good to great
- What spirit animal David, Brandon, and Matt are
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast 403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason Drees
- BiggerPockets Podcast 209: Flipping 83 Homes in the Last 18 Months with Kevin Carroll
- GoBundance
- BiggerPockets Podcast 352: No Driver’s License, No Money, No Excuses: How Diego Corzo Blazed a Trail to 18 Doors
- BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
Check the full show notes here: http://biggerpockets.com/show416
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Ever wanted to know how Mark Cuban, Richard Branson, and Warren Buffett seem to invest with ease? Or how you can leverage and measure your risk to make billionaire financial decisions?
On this episode, Stig Brodersen – investor, teacher, and host of the popular We Study Billionaires podcast – brings you his distilled wisdom on success, mindset, the stock market, and the 3 universal traits shared by ultra-elite investors (and no, they don’t include flying first class or eating copious amounts of caviar).
Early on in his story, Stig found himself dissatisfied with his job and needing a change. So, he did what any rational person would do, and began studying billionaires starting from the top of the Forbes 400 list. He didn’t get far before he “found his fire,” discovering passion and community in studying the stock market and the most heralded investor of all time: Warren Buffett.
He has since interviewed hundreds of guests on his podcast, and unearthed countless pearls of wisdom that he shares with you in this episode.
You might be thinking: “They’re interviewing a stock market investor on a real estate podcast?” Yes, and any real estate investor could learn a thing or two!
As a practiced student of the financial markets, Stig calls out all-too-common mistakes made by new investors, and shares a blueprint for you to use to determine if and how to get started in the markets, regardless of experience.
In This Episode We Cover:
- The 3 timeless traits of billionaires
- Why real estate investors should “cross-train” in the stock market
- Assessing best- and worst-case scenarios
- Why you need to "resonate" with your chosen asset class
- Why real estate is an asymmetric bet with high reward for relatively small risk
- How to get into investing in the stock market with little-to-no experience
- Common mistakes of new stock market investors
- How a BiggerPockets member saved Stig's life on an overseas trip (really!)
Links from the Show
- BiggerPockets Podcast
- The Investor's Podcast Network's list of best investing podcasts
- The Investor Podcast Network
Click here to check the full show notes: https://www.biggerpockets.com/show415
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The harder the problem, the bigger the reward... and real estate developers who can solve affordable housing problems can do very, very well.
Enter today's guest, Evan Holladay, who reached 1,300 units before the age of 30 through a combination of focus, relationship-building, and a deep understanding of the rules of the game.
In this high-level episode, you'll learn how Evan and his team apply creative financing techniques to multimillion dollar projects; how they takes advantage of tax credits and grants and put together public-private partnerships; and why patience and persistence can lead to huge profits in the development game.
Whether you plan on getting into bigger deals in the future or not (Evan wants 100,000 units!), this episode will inspire you to start thinking like a big-time investor, strategist, and leader.
In This Episode We Cover:
- Listening to "what fires you up" when getting started
- Evan's apprenticeship for a student housing developer
- What a public-private partnership is
- Using tax credits to make a profit building affordable housing
- How he creatively finances big multifamily deals
- How he manages risk
- Why “it’s more valuable to control real estate than to own real estate”
- Why development is such a big opportunity in markets where "it's too expensive to invest where I live!"
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Shirt
- How to Invest In Real Estate With Only $1,000!?
- BiggerPockets Podcast 353: Turning $5K Into $5K/Month and Retiring at 40 with Tim Rhode
- LoopNet
Check the full show notes here: http://biggerpockets.com/show414
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
You, BiggerPockets listener, may have more in common with Matthew McConaughey than first realized...
Changing careers. Wondering how family life fits in with a hard-driving work ethic. Embracing spontaneity, but learning that success comes from making the choice today to "be kind to your future self."
The Oscar-winning actor covers those topics and more in our chat today. A lifelong journaler, McConaughey is in a reflective mood after writing his first book, Greenlights... which is filled with unforgettable stories about growing up the son of Texas an oil pipe "peddler," stumbling into acting after a night drinking with the producer of Dazed and Confused, getting arrested for playing the bongo drums in the nude, and his mid-career shift toward intense, challenging projectslike Dallas Buyers Club.
If you're thinking "nah, this episode won't teach me how to house hack"... fair enough. But give it a chance and see if you aren't entertained. It's a soulful, positive, not-at-all-Hollywood conversation about choices, happiness, and success. Here's to catching more greenlights!
In This Episode We Cover:
- Matthew's upbringing and lessons learned from his parents
- His decision to reject law school to pursue film
- His dad's 3 words of advice on choosing a career
- Forming your personal identity through a process of elimination
- How he prepares for intense roles
- The power of solo travel
- His faith
- His beliefs about money and philanthropy
- The give-and-take between career and family life
Links from the Show
- BiggerPockets Podcast
- Greenlights book's website
Click here to get the full show notes: https://www.biggerpockets.com/show413
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Ashley "BadAsh" Wilson is back today to discuss how she's shifted strategies since her popular first appearance on the show two years ago.
Today's topics: Jumping from house flipping and short-term rentals into large multifamily; finding and using your unique ability when getting started; and how women can (and should!) use real estate investing to secure financial independence.
Want to know how many offers it takes to land a 150-unit apartment building in Houston? Interested in multifamily, but unsure where to start? You'll get answers in this show – and in the multifamily "tip sheet" she prepared just for our audience (download it below).
If you are a woman who's determined to get into real estate investing – or if you think your wife, mother, sister, or daughter would benefit from hearing Ashley's story – pick up a copy of her new book, The Only Woman in the Room: Knowledge and Inspiration from 20 Women Real Estate *Investors* today!
In This Episode We Cover:
- How Ashley made the jump from flipping and rental houses to large multifamily investing
- Her #1 tip for anyone who wants to get into multifamily
- How she acquired a 150-unit apartment building in Houston
- What a "Letter of Intent" (LOI) is
- Looking at 200 deals just to buy one (!)
- Using "the stack" method vs. multifamily syndication
- How she became an expert in construction management
- Why she wrote a book about being "the only woman in the room"
- Why it's worth visualizing your perfect day when you start building your business
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast
- BiggerPockets
- Building a Six-Figure Family Real Estate Business with Ashley Wilson
- Roadmap for Scaling to Large Multifamily
- BiggerPockets Blog
- Open Door Capital
- J Scott of BiggerPockets Business Podcast
- Mid Atlantic Summit by Dave Van Horn
- The Real Estate Investher
- InvestorGirl Brit Instagram
- BiggerPockets Podcast 320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany Arnason
Check the full show notes here: http://biggerpockets.com/show412
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Have you ever bought a whiteboard or a journal and thought, this is it... This is the moment when I REALLY commit to goal-setting... and then (as it tends to do) life just kind of gets in the way?
This episode is about rethinking your approach to goals – and to do this, we've brought in an expert on managing your time and mental energy like a billionaire: Geoff Woods, VP of The One Thing and facilitator of their upcoming virtual goal-setting retreat
Today, Geoff shares the blueprint that high-performing couples, teams, and individuals use 1) cast a shared vision of the future 2) work backwards to map out important steps, and 3) regularly recalibrate and track progress. Plus, we put this to the test, live!
About halfway through the episode, you'll meet Matt and Melissa Miller – married parents of 3 who own 7 units but are struggling to define their exact vision... and the action plan required to realize it. Geoff leads them through a goal-setting exercise live, and the result is inspiring and surprisingly emotional. #MarriageGoals - literally!
Whether you're looking to get on the same page as a spouse, business partner, or just chart out a clearer path for yourself... you'll get a ton of value out of this episode. Let us know what you think of it, and use the link below if you're interested in joining Geoff (and Brandon and Heather Turner!) at the retreat next month.
In This Episode We Cover:
- How billionaires set goals
- What to do when your spouse or partner is not a natural goal-setter
- How to have an ongoing relationship with your goals
- A live goal-setting exercise with a real estate investor couple, Matt and Melissa
- Defining whose lane is whose when running a business with your spouse or partner
- What happens at a goal-setting retreat
- Geoff's personal story of leaving medical sales to work with Gary Keller and Jay Papasan
Links from the Show
- BiggerPockets Podcast
- Virtual goal-setting retreat
- The 1 thing Website
- The 1 thing podcast
Click here to check the full show notes: http://biggerpockets.com/show411
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What does it take to pull off a home run real estate deal?
Today, we put that question to Ken Corsini, HGTV star and author of Profit Like the Pros: The Best Real Estate Deals That Shaped Expert Investors.
Ken spoke to a diverse group of 25 investors about their very best deals, and in this episode he breaks down the common threads that run through each of those stories.
You'll also hear Ken's tips for building your own personal brand in your market, and how he used his "Flip or Flop Atlanta" fame to build a brokerage and mortgage company.
Throughout this episode, Ken points you to individual investors in the BiggerPockets community; be sure to check out their BP profiles to learn more... and pick up a copy of the Profit Like the Pros in the BiggerPockets store today.
Every format includes a bunch of great bonus materials, including a breakdown of 22 investors' worst deals – so you can avoid the same mistakes.
In This Episode We Cover:
- How personal connections often lead to home run deals
- Honing in on a specific niche and building expert knowledge
- How one deal can change the trajectory of your career
- Ken, David, and Brandon's personal best/favorite deals
- Common traits of the worst deals featured in Ken's book
- How Ken built a personal brand, then spun it into different businesses
- How he controls each aspect of his real estate transactions (title, lending, etc.)
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast
- BiggerPockets
- Flip or Flop Atlanta
- Best Deal Ever (Youtube Series)
- BiggerPockets Podcast 339: 60,000 Tenants?! How Frank Rolfe Built a Mobile Home Empire
- BiggerPockets Podcast 405: Investing in the Only True Recession-Proof Asset: Yourself! with Lewis Howes
- BiggerPockets Podcast 235: How to Find and Fund Real Estate Deals with Anson Young
- BiggerPockets Podcast 401: Follow these Steps to Get People to Know, Like, and Trust You with Jordan Harbinger
- BiggerPockets Podcast 329: Financial Freedom Before 30 Through Just 10 Deals With Felipe Mejia
- Self Storage Properties at Pennies on the Dollar with Stacy Rossetti
- Real Estate Rookie Podcast
Check the full show notes here: https://www.biggerpockets.com/show410
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today's a special episode featuring the author of a book we can't get enough of: Bluefishing: The Art of Making Things Happen by the man, the myth, the legend - Steve Sims.
Who is Steve, anyway? Well, he's a former bricklayer and bouncer-turned-entrepreneur who uses a unique mindset and blend of skills to creates once-in-a-lifetime experiences for billionaire clients.
Experiences like: getting married by the Pope in the Vatican, having a private dinner at the feet of Michaelangelo's David statue, or going on an underwater tour of the Titanic shipwreck.
And here's the thing: as you'll hear in this episode, Steve's not a silver-spoon, high society type. He's just a regular guy who chooses to think and act differently, consistently. And after this episode, you'll be able to "Bluefish" your way into more relationships, more private money, and ultimately more deals!
We talk about "leading with value" when approaching mentors... blah blah blah. Today, you'll hear a refreshing new twiston that concept, and learn actual tactics you can put into practice to make more connections and level up your life today.
One final note: Steve uses some colorful language in this episode; please take note of the "Explicit" label, and listen to this one when the kiddos aren't in the backseat :)
In This Episode We Cover:
- How Steve went from bricklayer to bouncer to building a business that makes people's dreams come true
- What "Bluefishing" is
- Digging deeper to find your customers' true motivation
- The one thing Artificial Intelligence can't replace
- Why it's often better to remove – rather than solve – problems in your business
- How to chase your own dreams, not someone else's
- Why social media "influencer culture" often leave you feeling empty and unhappy
- Stories of working with clients ranging from Elon Musk to The Pope
Links from the Show
- BiggerPockets Podcast
- Bluefishing
- SpaceX
Click here to check the full notes: http://biggerpockets.com/show409
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Ever wonder how your family would manage if you or your spouse lost your job? Emma Powell faced that reality head-on. She knew she needed "full-time income" while continuing to spend time with her family... and she knew real estate investing would be the vehicle to get her there.
Today Emma shares her journey from part-time photographer to multifamily dealmaker – how she got in the game by joining a REIA and immediately loaning money to an experienced investor (we discuss the right and wrong way to do this); her #1 piece of advice when meeting with a potential mentor; and her foray into the world of lease option ("rent to own") deals.
Plus – Emma shares her perspective on how to choose a niche that suits your strengths (wholesaling wasn't for her; syndication and bigger commercial deals were a better fit).
This is an inspiring story of someone who experienced a financial wake-up call, and went from total rookie to syndicator in just a few years... all while homeschooling 6 kids. Enjoy this one, and we'll see you again on Sunday!
In This Episode We Cover:
- Emma's reaction to her husband being laid off from his tech job
- What a Real Estate Investor Association (REIA) Meeting is
- How she's found nearly all her deals by simply networking
- Due diligence when loaning money to an investor
- What lease options are
- What a "due on sale" clause is
- Closing a great deal after a seller was burned by wholesalers
- Her passive income goals for the future
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast
- BiggerPockets
- Real Estate Investment Association
- The Real Estate Syndication Show
- 5 Hour School Week
- BiggerPockets Podcast 325: From Major Business Failure to Buying 20 Houses a Month With Aaron Amuchastegui
- BiggerPockets Blogs
- BiggerPockets Webinars
Check the full show notes here: https://www.biggerpockets.com/show408
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Want to think like a high-level investor and business owner who is seizing the moment and enjoying his best year ever? Listen up!
Former Oakland A's baseball player (and show 292 guest) Ryan Pineda steps back up to the plate today... and he delivers a detailed breakdown of how he's using TikTok, Youtube, billboards, and TV commercials to generate an avalanche of leads in the Las Vegas, NV market.
Ryan's team flips and wholesales 100 houses a year... but because he's set them up according to the EOS/Traction system, he spends just 3-4 hours per week running things!
Sound good? Well, a lot of hard work went it.
And in this episode, you'll hear the journey firsthand: from exactly how each member of Ryan's team handles a transaction, to why they keep a visual scoreboard in the office, to how he had to shift his mindset after realizing he was the bottleneck holding his business back.
In This Episode We Cover:
- Operating a real estate brokerage, tax company, house flipping business all at once
- Flipping 100 houses/year in 3-4 hours/week
- How Ryan attracts deals using TV ads and billboards
- Why he believes influence is the most valuable currency today
- Finding the one thing you can't delegate
- How he leads a team using EOS system from the book Traction
- How structure can actually free your team up to do their best work
- And SO much more!
Links from the Show:
- The DISC Profile
- EOS
Don't this miss one this one, and leave us (and Ryan) a comment in the show notes over at biggerpockets.com/show407.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
"Systems, People, and Positive Vibes" are what powers Shelby Osborne's business, and today she breaks down exactly how she's used those 3 forces to go from 0 to 51 units in just a few years.
Shelby shares how she boils everything down into checklists and automated reminders, so she can focus more energy on revenue-generating activities.
Plus, she shares a combination word that's right up there with "liger," "bromance," and "Bollywood": the "BRRRR-nB." In her Deal Deep Dive, she reveals how she picked up a foreclosure property, transformed it into an Airbnb to generate big-time cashflow, and expects to pull all her money out so she can do it again and again!
A former U.S. Army captain, Shelby is a serious go-getter and you won't help but be energized by her "no excuses" approach to life – colorful language and all ;) Oh, and before you leave this page be sure to check out her checklist for startup your own real estate meetup below! (If you can't see it on your phone, head over to biggerpockets.com/show406.)
In This Episode We Cover:
- How Shelby transitioned from Army life to real estate agent and investor life
- How she finances her deals with a combination of bank loans, hard money, private money and lines of credit
- The details of her ongoing "BRRRnB" deal
- How she saves time by using email templates and automated follow-up sequences
- How to set up your business to run on autopilot so you don't have to rely on your (unreliable) brain
- Building a community to attract talented people with positive attitudes
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast
- BiggerPockets Wealth Magazine
- BiggerPockets Insights
- Myers & Briggs Test
- The DISC Profile
- Open Door Capital
- Find Real Estate Agents
- Pints and Properties Meetup
- BiggerPockets Podcast 396: Post-COVID-19 Investing and Landing Great Deals at Auctions with David Osborn and Aaron Amuchastegui
- AirBnb
- The Incredible Power of Long-Distance BRRRR Investing with Alex Felice
Check the full show notes here: http://biggerpockets.com/show406
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Do you have fears and insecurities that hold you back from the life you envision? No? OK, well we'll see you next week... But really: this topic gets to the heart of why so many real estate investors quit, fail, or never even get started at all.
Today's guest, Lewis Howes, has been studying these concepts for the past 13 years as host of the hit podcast School of Greatness. It all started as an effort to climb out of a major low point in Lewis' life, when he was broke and sleeping on his sister's couch... having crashed out of a brief arena football career.
In this episode, you'll learn how Lewis learned to hack his self-limiting beliefs by systematically putting himself in situations (Toastmasters, salsa dancing, public speaking) that utterly terrified him. And he shares some practical exercises you can do to achieve greater confidence and self-mastery.
Plus -- as a LinkedIn expert with a far-reaching network of connections, Lewis also opens up about how to effectively network on social media and elsewhere.
Don't miss this weekend episode of the BiggerPockets Real Estate Podcast, and give Lewis a shout on social media you take him up on his challenge to write a mission statement for your life!
As always: if you're enjoying these shows, the best way to show your appreciation is to rate and review us on Apple Podcasts. It really helps us out!
In This Episode We Cover:
- Climbing out of a hole when he had no money and no marketable skills
- Overcoming fear of public speaking
- Two practical exercises to confront your biggest fears
- The clarifying power of writing a personal mission statement
- The LinkedIn message formula Lewis used when reaching out to powerful people
- Choosing a niche, then a sub-niche
- The 3 magic words that multiply your chances of getting a deal or upgrade
- The one common trait shared by all the top performers he's interviewed
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast
- USA Men’s National Team
- Ellen’s Show
- The Today’s Show
- Rookie of the Year
- Lewis's Interview on Jay Shetty's Show On Purpose
- Dave Ramsey
- Grant Cardone on Multifamily Investing and Why You Should Never Buy a House!
- BiggerPockets Podcast 403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason Drees
- Sweet Martha's Cookie Jar
- Kevin Hart on His Secrets to Success and Building an Empire
- Monday.com
- Rob Bell
- Real Estate in Your Twenties
- BiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!)
- BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
- BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors
- Gary Vaynerchuk on Finding Deals Through Social Media & Crushing It as an Entrepreneur
Click here to check the full show notes: https://www.biggerpockets.com/show405
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
We frequently talk about networking as a real estate investor: for example, talk to your mail carrier because they likely have seen opportunities in your neighborhood. But what if you are the mail carrier?
Today’s guest, George Gipson, worked for the USPS when he started investing, which seems like the perfect opportunity for finding deals. But as with any start in real estate investing, it isn’t always as easy as it seems.
In today’s episode, we talk about taking action and committing to yourself - to ensure that those key opportunities actually work in your favor. We also talk about how important it is to learn your personal finances before diving into investing, plus how George used house hacking and short-term renting to reach financial freedom at an early stage of his investing. He’s even quit his job at USPS now so he can focus full-time on real estate. This is a real story about getting it done and seeing your own potential.
In This Episode We Cover:
- Investing that doesn’t meet your standard rules of thumb
- Overcoming issues that might be deal-breakers for other investors
- Living for free through house hacking and short-term renting
- Setting up your short-term rentals for success
- Utilizing your network to find deals
- Pushing through your commitment to yourself, even when it isn’t easy
- Finding the path in life that’s right for you
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast
- BiggerPockets Marketplace
- Realtor
- Zillow
- Trulia
- BiggerPockets Podcast 393: Campus Maintenance Man to $10M in Real Estate Owned with Rick Jarman
- BiggerPockets Shirt
Check the full show notes here: http://biggerpockets.com/show404
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Whoa.
Today we have the man Brandon credits with helping him "go big" in business and life: his performance coach, Jason Drees. In fact, Jason works with a bunch of real estate investors... and today he shares tools for getting your mindset right and getting out of your own way as you grow your portfolio!
You'll love hearing Jason explain what a coach does, how he worked with Brandon to turn a weakness (fear of fundraising/rejection) into a strength ($10M+ raised in 2020), and the reason why some of his clients are thriving despite COVID-19.
Plus: about halfway through, there's an absolute gem when the guys discuss the planning models they use to attack challenges. Jason suggests a small but powerful mindset shift, and we're not exaggerating when we say this one tip may cause you to rethink your whole plan... and unleash new potential you didn't know you had!
This is a real, vulnerable episode where both Brandon and David both discuss holding onto identities and beliefs that no longer served them. So what did you think? Let us know in the comments at biggerpockets.com/show403, or in a review on Apple Podcasts.
In This Episode We Cover:
- Common ways real estate investors self-sabotage
- How Brandon got around his discomfort with raising private money
- How our mindset influences our emotions
- The BIG difference between the "Decide, Plan, Commit" model and the "Decide, Commit, Plan" model
- Avoiding goals that are too specific
- Thinking like a millionaire
- How to feel empowered in the midst of COVID-19
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Tony Robbins
- My Body Tutor
- P90X DVD Workout - Base Kit
- Matt Kahn
- Jay Abraham
- Jason Drees Coaching
- JDC Mindset Academy
Check the full show notes here: http://biggerpockets.com/show403
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
When it comes to pulling the trigger on a rental property, what we have is a "paradox of choice." So. Many. Options. It's easy to suffer from Fear of Missing Out, and it's even easier to get overwhelmed by the vast array of options out there.
That's where today's show comes in: press play, and Brandon and David will guide you through an 8-step process to closing on that first (or next) rental property.
Along the way, they share the tools (BP Insights) and team members ("Core Four" and more!) they use to guide decisions about where and how to deploy their capital.
Your action steps start with clarifying your goals, then we move to comparing markets and sizing up different neighborhoods using school district ratings and crime data.
Next, we tackling finding a deal – whether you're using an agent, a wholesaler, turnkey provider, or going off-market yourself... and how to avoid getting into trouble by "trusting your gut and hoping" when you're in an unfamiliar territory.
If you invest out of state, should you fly out? What about systems and standard operating procedures once you've got a tenant in the property? We answer all those questions, and more.
Finally: We mention it a few times in this episode, and if you want to take advantage of our awesome new Pro benefit, BPInsights, use the discount code BPDATA for 20% of a Pro Annual membership.
You'll get access to exclusive BPInsights Facebook group, a bonus webinar showing you how to use this platform to identify a market, and a bunch of other great Pro benefits including unlimited calculator use. Oh, and be sure to use that discount code before it expires on October 1st, 2020!
In This Episode We Cover:
- Comparing the Cashflow vs. Appreciation potential of various markets
- Rent-to-Price and "Rent-to-Income" ratios + other indicators
- How to find market rents, crime data, and school district info
- The one team member you should seek out to double-check your assumptions about a neighborhood
- Various types of deal finders and the pros and cons of working with each
- What to consider when working with turnkey providers
- Using BPInsights data in your quest for a property
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Bookstore
- BiggerPockets Pro discount code: bpdata
- BiggerPockets Insights
- Meet Property Management Extraordinaire, RE Investor & Hotel Owner Jesse McCue
- BiggerPockets Marketplace
- Realtor
- Zillow
- Trulia
- 5 Markets With Promising Rent-to-Income Ratios: September 2020 Markets of the Month
- BiggerPockets Events
- BiggerPockets Bookstore
Check the full show notes here: http://biggerpockets.com/show402
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Welcome to the brand new Sunday edition of the show – where we go beyond tactics and focus on the "mind game."
In this premiere episode, you'll learn about the easy, free practice that might just be the highest ROI use of your time... and there is no one more qualified to teach this than Jordan Harbinger.
Jordan brushes aside common myths about transactional "networking" using business cards or annoying LinkedIn messages. Instead, he shares the proven system he's used to build a world-class network. In fact, Jordan's strategies are so effective, the CIA and MI6 intelligence agencies hired him to teach them to their agents!
So, how does this apply to real estate investing? Well.. what would it be like to have a solid stable of connections to mentors, private lenders, and people who actively look for opportunities for you? We're talking about people who you know would pick up your call. This show breaks down exactly how you can build those kind of relationship without changing your personality – even if you think you don't have a ton to offer the other person.
Here's our challenge to you: put just one of these strategies into practice in your business this week, and see what happens. Hit us up on Instagram (@beardybrandon and @davidgreene24) to show us you did it! And remember, without committing to a system and following up, you won't get results.
Let us know what you think of this new iteration of the BiggerPockets Real Estate Podcast. And if you're interested in more conversations like this, check out Jordan's podcast, the Jordan Harbinger Show, wherever you listen to us.
In This Episode We Cover:
- Why intentional networking is so crucial for real estate investors
- How to take full advantage of your time at real estate meetups
- His "Connect 4" system for reengaging with 4 people ("weak and dormant ties") each week
- How to generate social capital
- How to avoid strictly transactional relationships
- The right way to introduce two people to each other over email
- Developing confidence and overcoming shyness to succeed in the business world
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Bookstore
- Craigslist
- Ben Horowitz
- BiggerPockets Events
- Boomerang for Gmail
- Superhuman Emails
- Ray Dalio
- Mark Cuban
Check the full show notes here: http://biggerpockets.com/show401
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Over 400 episodes, we've absorbed a lot of hard-won real estate investing wisdom from our guests. Pretty tough to boil down to 10 concepts... but that's exactly what Brandon and David set out to do on today's show!
You'll hear them outline each principle, cite the person they learned it from, and bring it to life with real-world examples from their own investing experience as well as those of previous guests.
It's a fitting tribute to a major milestone for the show, and we hope it inspires you to revisit some classic episodes and implement this advice in your own business right away.
Thank you for supporting us; we sincerely appreciate you. If you like what we do, can we ask you to take 30 seconds to leave us a rating and review on Apple Podcasts? Every single one helps, and seeing your feedback motivates us to create more value on the road to episode 500!
In This Episode We Cover:
- Playing "great defense" with your spending
- The danger of jumping the gun with the wrong tenant, deal, or partner
- Focusing on one niche until you're a master
- Asking yourself exactly what you need to achieve your vision
- Ways your ego can cost you money in real estate investing
- Tracking results and constantly improving
- Only investing in assets you know well
- Why you should strive to be great at your day job
- Why bigger deals aren't necessarily more harder
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Bookstore
- Andy Frisella
- BiggerPockets Podcast 353: Turning $5K Into $5K/Month and Retiring at 40 with Tim Rhode
- My Body Tutor
- Josh Dorkin
- BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah
- BiggerPockets Podcast 362: Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy Papasan
- BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan
- BiggerPockets Podcast 276: Early Retirement ($10k/Month) by Age 35 with Bryce Stewart
- James Wedmore
- BiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal Newport
- BiggerPockets Podcast 245: Creating Wealth that Lasts Generations with Bestselling Author Ryan Holiday
- BiggerPockets Podcast 396: Post-COVID-19 Investing and Landing Great Deals at Auctions with David Osborn and Aaron Amuchastegui
- BiggerPockets Podcast 328: How to Laser-Focus on the Wildly Important With Author Chris McChesney
- BiggerPockets Podcast 246: Surviving the Coming Crash, Earning 20% Returns, and Buying Mobile Home Parks with Kevin Bupp
- BiggerPockets Podcast 262: $600,000 Per Month in Gross Rents from Mobile Home Parks with Jefferson Lilly
- BiggerPockets Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber
Check the full show notes here: https://www.biggerpockets.com/show400
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today we’re swerving a bit from tradition to bring you a guest who is not a real estate investor. Jeff Thorman spent years as a general contractor, built his own company, then started his own YouTube channel, HomeRenovisionDIY, to teach people how to renovate their own homes.
Learn from his years of experience renovating in this episode. Jeff brings us incredible tips on building strong relationships with contractors - from inquiry to project close. We discuss the importance of using quality materials in any project. We even dive into some projects you should absolutely be able to do-it-yourself as an investor. As a real estate investor, you will have to complete renovation projects at some point - use this episode to make sure those projects are seamless and successful!
In This Episode We Cover:
- Learning the contractors’ perspective
- The importance in using quality materials and building long-term solutions in your properties
- Shopping directly from suppliers to save money on big rehab projects
- Creating systems to retain quality contractors
- Understanding the real cost of low-cost materials
- Upgrades to improve your rental property and decrease vacancy
- How to ask a contractor to walkthrough a project before you buy it
- How to spot houses with cosmetic fixes vs. big, expensive projects
- Newbie DIY projects anybody can tackle
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Bookstore
- Virtual Wealth Expo
- BiggerPockets Calculators
- Home Depot
- Joanna Gaines
- Ikea
- cost vs value report
- BiggerPockets Insights
- Marr Risinger's Youtube Channel
Check the full show notes here: https://www.biggerpockets.com/show399
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
When Tarl Yarber last appeared on the show (#189), we got a behind-the-scenes look at his monster house flipping business.
He was doing a lot of volume, but here's the catch: he was stressed out and unhappy. Plus... with zero rentals to his name, he had to keep spinning the hamster wheel – "feeding the machine" – to make any money.
Today's show is about a big mindset shift, and the systems and teams Tarl put in place to create a business that truly serves him, rather than the way around... and allows he and his wife to travel 200 days a year while working on his business rather than in it.
We cover a lot of topics here, from high-level success principles to the specific real estate investing actions you can take – today – to adopt a more intentional and focused approach to building longterm wealth.
Lastly – Tarl's an exceptional networker, and the guys discuss the importance of meeting up with other rockstar investors even if the pandemic is preventing you from doing it in person.
So... how do you do that?
Well, Tarl's hosting a virtual conference September 18-19, and he's offering a 50% discount to BiggerPockets Pro members (check your email). This isn't a series of webinars, either... You'll be able to actually meet up with other attendees through online breakout groups, so it solves for the biggest challenge most investors are facing right now.
Follow this link to http://virtualwealthexpobp.com/ to snag your ticket today!
In This Episode We Cover:
- The many advantages of the Buy, Rehab, Rent, Refinance, Repeat (BRRRR) Strategy
- Creating multiple exit strategies when BRRRR'ing
- Why sketchy tax deductions can hurt your longterm wealth
- Designing your real estate investing strategy to fit your desired lifestyle
- How Tarl and his wife mapped out their vision on butcher paper
- Making a "To Do" List and a "To Don't" List
- Why businesses need to be able to "scale down" in times like these
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast
- BiggerPockets Business
- BiggerPockets Bookstore
- BiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!)
- Virtual Wealth Expo
- BiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber
- BiggerPockets Podcast 395: From Car Valet to $100k/Month… Seriously! with Thach Nguyen
- The Notebook
Check the full show notes here: https://www.biggerpockets.com/show398
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In today's episode we open up the phone lines again to field your real estate investing questions... and for an added twist, we bring in the familiar voice of author, BiggerPockets Business Podcast host, and house flipper/investor extraordinaire J Scott.
You'll hear callers chime in with questions like: 1) "Help me get started" 2) "should I partner with family members?" 3) "How do I transition from single family to multifamily" – and much more! From refinancing and the finer points of BRRRR... to mentorship and long-distance investing... It's all here!
Tell Brandon and David what you think of this new format in the show notes at biggerpockets.com/show397. We want to hear from you, too!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
No one knows where the real estate market is headed next... but with an estimated 30 million Americans out of work, wouldn't you like to know how to buy foreclosed properties, step-by-step?
That's what you'll learn today, from two investors who have completed over 1,000 deals each: David Osborn and Aaron Amuchastegui. They begin the show by sharing their thoughts on today's economy (hint: they've kept plenty of cash cash on hand), then walk us through their 5-step process for successfully bidding on foreclosed properties at auction.
From building a list of properties, to lining up funding, to checking title and actually making your bid, you'll learn how David and Aaron (+ thousands of other investors) built serious wealth buying up distressed properties after the last big crash. This skill set is another tool to add to your tool belt, and whether there's another wave of foreclosures coming or not, you can use it to build serious wealth.
For more, pick up a copy of David and Aaron's new book, Bidding to Buy: A Step-by-Step Guide to Investing in Real Estate Foreclosures. And check out the show notes at biggerpockets.com/show396 for a transcript and other resources.
In This Episode We Cover:
- The impact of COVID-19 on various assets
- Why David Osborn is keeping a heavy cash position
- How the foreclosure process works (notice, etc.)
- What a foreclosure auction (sometimes called a "trustee sale") is
- The 5 Steps to buying at auction
- Why it's so important to drive by every property you plan to buy
- Aaron's first auction experience as a newbie
- How to deal with a lien on a property
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast
- Keller Williams
- BiggerPockets Podcast 353: Turning $5K Into $5K/Month and Retiring at 40 with Tim Rhode
- GoBundance
- Auction.com
- Roddy's Foreclosure Listing
- Auction Texas
- BiggerPockets Analysis Calculators
- BiggerPockets Podcast 385: Once Homeless, Now Investing in an Expensive Market (With No Money of His Own) With Greg Gaudet
- Real Estate Rockstar Podcast
- BiggerPockets Money Podcast
- Real Estate Rookie Podcast
- BiggerPockets Business
- BiggerPockets Bookstore
Check the full show notes here: https://www.biggerpockets.com/show396
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today: a no-excuses, American Dream story that will get you fired up to go hunt down a deal!
Thach Nguyen is an investor and agent in the Seattle, Washington area. When he was a kid, his family fled Vietnam for the U.S... he later parked cars at a Chinese restaurant... and despite becoming a top-producing agent building a monster portfolio of paid-off rental properties, he's still hungry and shows no sign of slowing down.
In today's episode, Thach (pronounced "Thatch") shares the lessons he learned during the Great Recession, his criteria for buying a "perfect BRRRR"... and why he says there's no shame in living with mom and dad to save money!
Plus, the guys discuss the pros and cons of paying down mortgages, the psychological advantage of owning your primary residence free-and-clear, and Thach's favorite (free) lead generation strategy.
We think you'll love Thach's energy; he thinks big and will motivate you to do the same. Give him a follow (IG: @thachnguyen) and let us know what you think of this episode!
In This Episode We Cover:
- How Thach created $100k/month (!) in rental income
- Why he's focusing on the affordable housing niche
- Buying townhouses in Seattle, WA
- Buying a "micro-apartment" building in Oakland, CA
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast
- BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah
- How To Start Thinking Like A Big Time Real Estate Investor (Video)
- Tarl Yarber
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Ever considered partnering up with your spouse or another family member?
Today's guests Elliot and Chrissy Smith did just that when they left stable careers to flip, wholesale, and buy rental properties together in Washington state.
Running the business together wasn't easy on their marriage. In fact, they almost got divorced. Fast forward to today... they're happy, doing 25 deals/year, and building long-term wealth by steadily buying rental properties.
So, what adjustments did they make?
In this episode Elliot and Chrissy share what they've learned about defining roles, managing cashflow, and finding work-life balance as young parents who happen to be business partners. It's a rare inside look at the ups and downs – and risks and rewards – of running a true family business.
As die-hard fans right remember from his appearance on Show #255, Elliot is a skilled negotiator... and today he shares a surprisingly simple negotiating tip for those nerve-wracking kitchen table conversations with homeowners.
Look: you gotta love a couple who hires a babysitter just so they can drive around looking for distressed properties (a move which led to today's Deal Deep Dive). So check out this episode, and share it with your spouse, friend, or family member who you think might enjoy it!
In This Episode We Cover:
- How Elliot and Chrissy divided their business into "lanes"
- Their first taste of success with direct mail
- Leaving full-time jobs to pursue their dreams in real estate
- Dangers to be aware of when teaming up with your spouse
- Showing a seller the math behind your offer
- Plowing the cash from their flips into buy-and-hold rentals
- Using the same exact same materials on every flip
- Incentivizing a contractor by offering a profit share
- Why they've slowed down their marketing in recent months
- Elliot's cold call center for real estate investors
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast
- BiggerPockets Podcast 255: Six-Figure Real Estate Investing in Just 20 Hours a Week with Elliot Smith
- Jason Drees
- BiggerPockets Webinars
- Tarl Yarber
- Audible
- BiggerPockets Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber
Check the full show notes here: http://biggerpockets.com/show394
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Real estate investing... old school!
Rick Jarman (@realestateoldschool on Instagram) joins us today to share some of his hard-won wisdom from 44+ years as a flipper and landlord in Tuscaloosa, Alabama. And it's quite the journey, from cabinet maker and campus maintenance man to cigar-puffing 64-year-old social media influencer!
In this episode you'll hear tales of up markets, down markets, losing it all, getting it all back... and a tornado that wiped out 20 of Rick's 100+ rental houses. He also takes us through his rules for tenant screening, explains why he favors 15-year mortgages, and paints a picture of what it's like to self-manage such a large portfolio of single family homes (with a team, of course).
Give Rick a follow, and if you know someone who'd make a great guest on the BiggerPockets Real Estate Podcast send them over to biggerpockets.com/guest where they can apply to appear on the show.
In This Episode We Cover:
- How Rick went from maintenance guy to owning 100+ properties
- Selling his truck to buy his first rental in 1981
- Investing lessons learned through 4 recessions
- Why his rentals saved him when his home building business failed in the late 90s
- Losing 20+ houses in a tornado in 2011
- Rick's tenant screening process
- Why tenants' credit scores don't tell the whole story
- Wrapping 40+ houses into one loan
- Why some investors "get bored with what works"
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast
- BiggerPockets Podcast 382: No Money Down BRRRR Investing with Josiah Smelser (Part 1, Recorded Pre-Coronavirus)
- BiggerPockets Webinars
- Credit Score and FICO
- Quickbooks
- Facebook Marketplace
- BiggerPockets Bookstore
- BiggerPockets Shirts and Mugs
- MBA562 Guest Teacher: Brandon Turner- How to (Finally) Write a Wicked-Awesome Book in 100 Days or Less
Check the full show notes here: http://biggerpockets.com/show393
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
A $1 million net worth before the age of 30... through frugality and creative real estate investing!
That's what Todd Baldwin's achieved in a few short years, riding the red-hot Seattle housing market by repeat house hacking, renting by the bedroom, and living way below his means.
Sure, Todd's benefited from appreciation, but he's also generating monster cash-on-cash returns across his 6 rental properties. And today, you'll learn just how he's doing it: how he finds pocket listings, why he favors new construction, why he pays for a $2,000/month service most landlords would never dream of providing, how he limits roommate drama, and much more.
Wondering if this is legal? We discuss that in detail. Oh, and get this—Todd's all-time vacancy rate? Zero percent. So if you're in a high-priced coastal market, you need to listen to this show. And if you don't, we can pretty much guarantee you'll still enjoy it and pick up a few landlording nuggets along the way.
Know someone who might put Todd's strategy to use? Share this episode with him or her today! And make sure you're subscribed to the show so you won't miss us next week.
In This Episode We Cover:
- How Todd makes $12K+ in pure cash flow by renting by the bedroom
- Why he buys new construction rather than fixer-uppers
- Why he pays for all utilities
- The legalities of renting by the room
- The dangers of buying a property with a homeowner's association (HOA)
- Using a Tinder-like app to find roommates and tenants
- Why he hires maids to clean each of his 6 properties weekly
- His system for preventing conflicts among roommates
- How complementary skillsets make for great business (and romantic) relationships
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast
- Redfin
- BiggerPockets Magazine
- Renthoop
- BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah
- Grant Cardone on Multifamily Investing and Why You Should Never Buy a House!
- Joe Rogan
Check the full show notes here: http://biggerpockets.com/show392
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Live calls, Dave Ramsey style!
In this episode we open up the phone (er, Zoom) lines to take audience questions on everything from "should I flip or hold this deal" to "Coronavirus cost me my job... how can I invest now?"
Brandon and David offer also advice on house hacking, Home Equity Lines of Credit (HELOCs), appraisals, and the pros and cons of tapping a retirement account to jumpstart a real estate investing career.
We'll be back to our regular programming next week... but let us know what you think of this format. And if you've got 30 seconds to leave us a rating and review in Apple Podcasts, we wouldn't be mad at that either.
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast
- Redfin
- Zillow
- Realtor.com
- BiggerPockets Podcast 325: From Major Business Failure to Buying 20 Houses a Month With Aaron Amuchastegui
- Find Real Estate Agent on BiggerPockets
- BiggerPockets
- BiggerPockets Podcast 366: 40 Doors in the First 2 Years with Henry Washington
- Brendon Burchard's Show
- My Body Tutor
- The Essential 11 Podcast
- BiggerPockets Conference
Check the full show notes here: https://www.biggerpockets.com/show391
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
From fashion design work in India, to a corporate career with Nordstrom... to leaving that career to flip 40+ houses in 6 years – all in one of the hottest markets on the planet!
Seattle investor Leka Devatha has quite a story to tell, and a lot of hard-won wisdom too! From her 6 tips for finding and keeping great contractors, to the exact criteria she uses when looking for a flip opportunity, Leka spills the beans and outlines a framework you can apply whether you choose to flip, BRRRR, wholesale, or buy and hold.
We cover a crucial tax tip for anyone hiring a contractor, ever. Leka shares an unexpected silver lining brought on by the pandemic. And your mind will be blown when she tells how a "cosmetic" flip opportunity morphed into 3-year odyssey and wound up rewarding her with a 7-figure (yes, 7-figure) payday.
Give Leka (pronounced "LAY-kuh") a follow on Instagram and let her know if you appreciate this episode... and make sure you subscribe to the show in your favorite podcast app, so you won't miss the next one.
In This Episode We Cover:
- Flipping 40 homes in 6 years
- A "cosmetic flip" that turned into a 7-figure (!) profit through the magic of subdivision
- Why you should get to know the land use planner in your city
- Leka's system for finding and retaining great contractors
- How to start a real estate meetup
- Why virtual networking amid COVID-19 is more efficient
- Why she pays her broker a commission even if she keeps a house as a rental
- Leka's criteria for a great flip opportunity
- What W-9s are and why it's so important to get them signed up front
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast
- Jason Drees
- Real Estate at Work (Seattle Meetup)
- Redfin
- Zillow
- Realtor.com
- Caleb Backholm's Insurance
- BiggerPockets Podcast 388: The 7-Step “Playbook” for Scaling Your Real Estate Business With AJ Osborne
Check the full show notes here: https://www.biggerpockets.com/show390
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Are you tired of toiling in the trenches... and ready to run a business that cranks out profits without your constant involvement?
That's what today's guest has managed to do! In this episode, Michigan-based investor Mike Simmons shares exactly how he went from moderate success to $1 million in annual profit.
You'll learn why Mike switched gears from flipping to wholesaling real estate, what he's learned from spending hundreds of thousands of dollars on various marketing channels, and the four-point checklist you must use when considering any kind of partnership.
Ultimately, expert marketing tactics are fine and well. But to scale, you've got to master leadership and hiring—topics Mike covers in great detail here and in his new book, Level Jumping.
So pick up a copy (see link below), and share this episode with a friend, family member, or fellow investor who you think would enjoy it!
In This Episode We Cover:
- Mike's remedy to cure a bad case of "analysis paralysis"
- Why he switched gears from flipping to wholesaling
- Why wholesaling is NOT always a great thing for newbies
- The marketing channels Mike uses to do 100 deals per year
- Ultra-specific direct mail tips (from a guy who's sent hundreds of thousands of dollars of direct mail!)
- What most do wrong with direct mail marketing
- How he made a $50K assignment fee and the key lesson he learned
- Hiring and managing transaction coordinators
- Hiring his first salesperson on a "straight commission" pay structure
- Using personality assessments like DISC and Kolbe when hiring
- Why intelligence is not the most important predictor of success in real estate investing
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast
- BiggerPockets Podcast 050: Getting Started and No Money Down House Flipping with Mike Simmons
- BiggerPockets Insights
- BiggerPockets Insights Rent Estimator
- Gary Vaynerchuk's Instagram
- Gary Vaynerchuk on Finding Deals Through Social Media & Crushing It as an Entrepreneur
- KOLBE Personality Test
Check the full show notes here: http://biggerpockets.com/show389
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Do you dream of stepping back from the day to day and working on your business rather than in it? Of course you do!
AJ Osborne has achieved that goal—and having experienced a harrowing health emergency that incapacitated him for months (see show 286), this Boise, Idaho, investor is ultra-qualified to discuss the value of documenting, delegating, and streamlining your real estate business so it can run without you.
AJ owns and operates over 1 million square feet of self-storage. Today he breaks down the seven-step process he uses to improve operations, unlock hidden value, and scale fast.
If you're thinking, "I don't do deals that big," rest assured: AJ reveals that he actually lost money on his very first deal but gained a ton of wisdom, which he's generous enough to share with us today—and which applies across the board.
Plus, AJ shares a tip on financing deals that may totally change the way you think about growing your portfolio!
Check him out, and pick up a copy of his book, The Investor's Guide to Growing Wealth in Self-Storage: How to Turn a Real Estate Asset into a Thriving Business.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today's show: the massive impact of just a few flips and a few small multifamily rental properties.
Starting in 2017, that combination allowed our guest Megan Greathouse to step aside from her W-2 job (her husband still works) and spend much more time with her two young kids... all while dedicating just 5 hours per month to self-managing her portfolio in St. Louis.
Want to know how she did it? Megan spells it all out in this episode and provides the exact tools and templates she uses to maximize her efficiency—enabling her business to serve her and allowing more time for what really matters.
Give Megan a follow, and share this episode with a friend, partner, spouse, or family member who you think might enjoy it!
In This Episode We Cover:
- Starting out with a fourplex
- Investing with a full-time job and kids
- The P.R.O.P. system for property management
- How Megan and her husband use the "2 in 5 Rule" to avoid capital gains taxes
- How she uses real estate to create time freedom and hang out more with her kids
- Flipping an old house near Washington University in St. Louis
- A BRRRR "fail" (contractor issues) that turned out OK
- Lessons she learned in the military
- The key to avoiding analysis paralysis: "Get to 80% and go!"
- Buying a 60-acre farm outside the city
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Bookstore
- BiggerPockets Podcast
- Landlord Advisory Panel
- BiggerPockets Events
- BiggerPockets Magazine
- BiggerPockets Money Podcast
- BiggerPockets Guide in Finding Agents
- BiggerPockets Books
- BiggerPockets Webinars
- BiggerPockets Podcast 100: The 1st Deal, Management Drama, and the Birth of BiggerPockets with Joshua Dorkin
- Open Door Capital LLC
- Ryan's BiggerPockets Profile
- TenantCloud
- QuickBooks
- Boomerang for Gmail
- Seth Mosley's Music and Money Group
- Brandon's Instagram
- BiggerPockets Shirt
- Scott Trench
Check the full show notes here: http://biggerpockets.com/show387
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Yesterday, Marcus Maloney showed us how he built his deal-finding machine. Today, he tells us how he's hanging onto it by making two big shifts in his business.
When the pandemic hit, lenders got nervous... and that put a couple of Marcus' deals in danger. So did he give up? No! He tapped his own network of private lenders to provide financing to his end buyers—a win-win-win.
Plus, Marcus tells us why he's shifted focus to the Midwest since we first spoke and how he worked out a deal with a "great tenant" who wound up unemployed and unable to pay rent.
Wondering how to adjust your business to the new normal? Check out this episode, and subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next one.
In This Episode We Cover:
- The problems Marcus ran into in mid-March
- How he plugged the gap with private money
- Developing relationships with private lenders before you really need them
- Why he's concentrating on a lower-priced market
- How he negotiated with a resident who could no longer afford rent
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast
- BiggerPockets Podcast 386: Starting Out With $200 and Investing for Profit AND Cash Flow With Marcus Maloney (Part 1, Pre-Coronavirus)
- BiggerPockets Podcast 352: No Driver’s License, No Money, No Excuses: How Diego Corzo Blazed a Trail to 18 Doors
- BiggerPockets Webinars
- BiggerPockets Radio Podcast 001: Building a Successful House Flipping Business and Losing Millions with Marty Boardman
- BiggerPockets Podcast 382: No Money Down BRRRR Investing with Josiah Smelser (Part 1, Recorded Pre-Coronavirus)
Check the full show notes here: http://biggerpockets.com/show386-5
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
From "bad drug dealer" in his youth... to earning a master's degree, then jumping into real estate at age 36 and crushing his first deal!
Today, Marcus Maloney shares his wild ride in Part 1 of two episodes this week. This one was recorded before the coronavirus pandemic, so we don't discuss that topic. Tomorrow, we'll dive into how Marcus pivoted to keep doing deals in these trying times.
In this episode, you'll learn how Marcus used just $200 to launch his career, how he acquired nine rental properties, and how he's completed dozens of local (Phoenix) and long-distance (Chicago) real estate transactions.
He also discusses the strategies he's using to generate leads, how he builds trust with both sellers and buyers, and how he works with acquisition managers, who take a cut of the deals they bring him.
Plus—the guys have a great conversation about performance coaching and why the thing that's holding you back probably isn't something you're going to fix at a real estate boot camp.
Marcus was nice enough to take some time out from riding his Harley to share some of his hard-won wisdom, so say hello to him on the BiggerPockets Forums, where he's a frequent contributor.
And don't forget to subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next show!
In This Episode We Cover:
- How Marcus "flipped piglets" as a boy
- How a rescinded job offer led to him to pursue real estate
- The personal development he had to do to become a successful real estate investor
- Direct mail marketing
- Closing deals on the phone
- Attracting partners by creating valuable content
- Why Marcus lives in Phoenix but buys rentals near Chicago
- What separates successful "bird dogs" and wholesalers from those who give up
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Bookstore
- BiggerPockets Podcast
- BiggerPockets Reviews
- SunTrust
- Wells Fargo
- Guild Mortgage
- Buildium
- Re-Leased
- Rent Manager
- Quicken Loans
- Cozy
- Performance Coach Jason Drees
- Performance Coach Phil Towle
Check the full show notes here: http://biggerpockets.com/show386
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Flipping with no money down... in Hawaii? You heard that right.
Greg Gaudet actually considers himself "risk-averse" and still holds a full-time job, but he's able to make nice chunks of change by hustling to find deals and managing rehabs for Brandon's team on Maui.
Today, Greg walks us through his journey from "rock bottom," including bouts with addiction and homelessness, to living the life of his dreams, buying a Porsche cash, and owning a handful of properties free and clear.
You'll learn the right way to approach investing in condos, how to bring value to a potential partner or mentor, how Greg manages risk by keeping his living expenses low, and the mindset shifts that allowed him to 1) get clean and 2) "get out of his own way" in the real estate business.
This is truly one of the most powerful stories we've told on the BiggerPockets Real Estate Podcast, and it's guaranteed to get your wheels spinning!
In This Episode We Cover:
- How tragedy shaped much of Greg's early years
- Bad advice he received when jumping into investing
- What to look for (and avoid) when investing in condos
- How Greg bought a condo for less than 50¢ on the dollar
- How he and Brandon structure their flip deals
- How anyone can flip without risk—if they're willing to work
- Greg's "why" (and his paid-for Porsche)
- How to approach a mentor without making it awkward
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Bookstore
- BiggerPockets Podcast
- BiggerPockets Calculators
- BiggerPockets Podcast 302: Making $100k/Deal Using Other People’s Money, Time & Experience with Cory Nemoto
- Calculating Numbers on a Rental Property [Using The Four Square Method!]
- Condominium Council of Maui
- BiggerPockets Events
- Grant Cardone on Multifamily Investing and Why You Should Never Buy a House!
- Open Letter Marketing
- BiggerPockets Podcast 194: Achieving Impressive Spreads Through High-End Flips with Justin Silverio
- CallPorter
- Deal Machine
- KECO Capital
- Open Door Capital
- Gobundance
- BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn
- Audible
- Premier Restoration Hawaii
- Brandon's Instagram
- David's Instagram
Check the full show notes here: http://biggerpockets.com/show385
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
After yesterday's deep dive interview discussing 2 disastrous flip projects, we have a solo show for you today.
And the title says it all, really.
Brandon and David boiled down nearly 400 podcast episodes, countless forum threads, books, and real-life conversations, and their own missteps and now present: the Top 10 Ways Real Estate Investors Lose Money.
These aren't the only ways to go wrong in this business, but at some point you're in danger of falling into at least one of these traps.
So, what did we miss? Let us know in the forums, the comments section on our show notes, or in the Official BiggerPockets Facebook Group. And be sure to subscribe to the BiggerPockets Real Estate Podcast so you won't miss an episode.
In This Episode We Cover:
- Focus vs. spreading yourself too thin
- The #1 way to lose money that you haven't thought of
- Managing the people who manage your asset
- What David calls "Spreadsheet magic"
- Investing in areas with diverse employment
- Over-renovating after watching too much HGTV
- Inheriting tenants from a seller
- Evaluating real estate agents
- The myth of "more money down = more safety"
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Contractor Bid Form
- BiggerPockets Podcast 287: Putting Together Real Estate Deals Using Creativity Instead of Cash with Shiloh Lundahl
- BiggerPockets Calculators
- Be a guest on the podcast
- Joe Rogan Podcast
Check the full show notes here: http://biggerpockets.com/show384-5
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
You can put a dollar number on the losses Spencer Cornelia took on his first two long-distance flips... but it's hard to quantify the value of the lessons he learned and is now passing on to you.
We noticed Spencer's thread detailing his struggles in the BiggerPockets forums and invited him on the show; he bravely accepted.
In this episode, you'll learn the pitfalls to watch out for when taking on heavy renovations (anywhere, but especially long-distance), how to ensure quality work is getting done, and the dangers of letting projects drag on when you're locked into expensive short-term financing.
Plus, it's not a total downer... because Spencer's seeing a bunch of success with his new Youtube venture, and plans to continue investing in (less aggressively leveraged) real estate projects.
Brandon and David add their own perspectives having made some similar errors in their careers, and tomorrow in Part 2 they'll break down the 10 Deadliest Mistakes Investors Make.
New investors: heed the advice in these two shows! And as always: run your numbers conservatively, know your own risk tolerance, and run deals by trusted advisors before jumping in.
In This Episode We Cover:
- What went wrong with Spencer's rehabs
- How to ensure contractors are doing quality work
- Incentivizing team members and keeping them accountable
- How much money he paid in interest and fees to his hard money lenders
- Functional obsolescence and complications with older homes
- Why you can't always trust an appraisal
- "Home buyer turnoffs" and why it's easy to miss them
- Why Spencer sold and took a loss rather than choosing another exit strategy
- Why he's not giving up on real estate
- How you can "go broke buying good deals"
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Bookstore
- BiggerPockets Podcast
- BiggerPockets Calculators
- Famous Four Analysis
- BiggerPockets Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber
- Pace Morby's Youtube Channel
- BiggerPockets Pro Replay
- BiggerPockets Webinars
- BiggerPockets Pro
Check the full show notes here: http://biggerpockets.com/show384
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Interested in someday making the leap to bigger investments? Don't miss this one!
Ben Leybovich and Sam Grooms join us for a high-level conversation about how they transitioned from flips and smaller assets to 100-plus-unit, value-add multifamily deals.
Since the first part of this show was recorded pre-coronavirus, we brought the guys back on to hear their thoughts on today's market and get an update on how their business is doing amid the volatility (spoiler: pretty well!).
In This Episode We Cover:
- Finding the perfect partner for you
- The 6 factors they look at when analyzing a market
- Why Sam & Ben keep such a large reserve fund
- Why investors sometimes overvalue cash flow
- Why they like the Phoenix market
- How to establish a competitive edge in real estate investing
- How they look at multifamily syndication as "a long flip"
- Why equity protects you
- Buying insurance against interest rate increases
- Hiring their own construction team
- How they're adjusting to COVID-19
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Bookstore
- BiggerPockets Podcast
- BiggerPockets Calculators
- BiggerPockets Podcast 382: No Money Down BRRRR Investing with Josiah Smelser (Part 1, Recorded Pre-Coronavirus)
- BiggerPockets Podcast 382.5: Surviving When the BRRRR Hits the Fan with Josiah Smelser (Part 2, Post-Coronavirus)
- Deloitte
- BiggerPockets Conference 2020
- BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah
- Open Door Capital
- BiggerPockets Podcast 313: How to Be Happy AND Grow a Massive Business with Entrepreneur Jesse Itzler (and Josh!)
Check the full show notes here: http://biggerpockets.com/show383
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What happens to a no-money-down BRRRR investor when a pandemic breaks out, lending standards suddenly tighten, private money lenders get skittish, and property values quickly drop?
Today, Josiah Smelser returns to the show and tells all.
In Part 1 yesterday, we learned how Josiah built a $4M portfolio by buying, renovating, renting, refinancing, and repeating using both hard money and private money.
Coronavirus hit him hard. And if he didn't have cash reserves, credit options, and the right mindset, it might have totally wiped him out.
When the virus hit, Josiah had 10 properties he needed to refinance. It was a perfect storm: His private money lender immediately pulled funds, his refinance bank changed their terms, and property values dropped—all at once—meaning he would need to bring way more cash to the table.
What happened next? Listen to this episode to learn about how Josiah made it through the nightmare and came out on the other side... with more equity and reduced interest payments.
Real estate investing isn't all sunshine and rainbows. But if you keep your mind right, plan your exit strategies, and maintain cash and credit lines, you too can survive the curveballs thrown your way.
In This Episode We Cover:
- What happens when private lenders want their money back
- Why Josiah's bank changed the loan-to-value ratio on him
- Tapping a cash-out refinance in an emergency
- Trying to sell a property you had planned to BRRRR
- Taking out loans in your spouse's name to get around loan limitations
- Key to pulling off a BRRRR in a down market
- How Josiah saved $750K in interest over 30 years by getting a lower interest rate
- How an attorney can help you arrange a great partnership
- Why Josiah looks at this stressful time as a highlight of his real estate investing career
- And SO much more!
Links from the Show
- BiggerPockets Forums
- David's Instagram
- BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock
- Mindy Jensen's BiggerPockets Profile
- BiggerPockets Money Podcast
- Oculus
Check full show notes here: https://www.biggerpockets.com/show382-5
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today we bring you Part 1 of back-to-back episodes with real estate investor/appraiser/author/all-around good guy Josiah Smelser.
This first conversation was recorded pre-coronavirus lockdown, but it's packed with tips you can put into action today. You'll learn how Josiah solved the #1 bottleneck in his business (capital!), allowing him to BRRRR at scale and rack up rental properties with very little money out of pocket. Even more impressive: he's doing it long-distance (The properties are in Dallas, TX and Josiah lives in Huntsville, AL.)
And if that weren't enough, the guys go in-depth on appraisals – and the techniques you can use to help appraisers see your side of the story. Josiah's a longtime licensed appraiser, so he speaks from experience... and he shares his playbook for giving yourself the best chance to pull all your money out of your deal.
If you like what Josiah has to say, then be sure to check it Part 2 tomorrow. We bring him back on, post-COVID-19, to discuss the serious challenges he's faced: lenders pulling out, property values dropping, and even a domestic violence issue at one of his rentals.
The good news: he made it through. Tune in tomorrow to hear how!
In This Episode We Cover:
- Why Josiah sold his properties pre-2008 crash (and why he still regrets it!)
- Combining hard money and private money to BRRRR with no money out of pocket
- How Josiah uses "boots on the ground" partners to invest at a distance
- Why he analyzes 8-10 deals per day
- Buying houses sight unseen
- Why BRRRR investors must keep cash reserves
- How to talk to appraisers (like getting out of a speeding ticket!)
- Why a property's list price is irrelevant
- Deals... on the MLS, in 2020?!
- The square footage trick that's made him thousands of dollars
- Losing out to a lower offer on a big multifamily deal
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Bookstore
- BiggerPockets Podcast
- BiggerPockets Calculators
- Zillow
- Bring Brandon a Deal
- Brandon's Instagram
- Open Door Capital LLC
- BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray
- BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray
- GoBundance
Check the full show notes here: https://www.biggerpockets.com/show382
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Can you flip, wholesale, and buy rentals throughout a downturn?
Yes... IF you heed the advice given out in today's episode.
Our guest Tucker Merrihew is more than qualified to tackle this subject, having launched his real estate business in Portland, Oregon, in 2008—during one of the worst housing markets of all time.
In a rare "Double Deep Dive" segment, Tucker walks us through a couple TTM Development projects from 2009 and reveals exactly what he did right and wrong at the time.
As for the coming months... you'll learn which types of properties to avoid, which price ranges to target, and why renovating old homes can be risky business at this stage of the market cycle.
Plus, Tucker explains why he underwrites every deal at 3 different prices to make sure it passes his "Oh $#!# Test" if the market goes south.
Tucker is a seasoned pro with hundreds of deals under his belt, and he shares tons of valuable information for free in this episode. Be sure to subscribe to the BiggerPockets Real Estate Podcast for more tips on investing safely while taking advantage of the opportunities ahead.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Feeling like you're in uncharted territory as a landlord? You're in good company!
Today's show walks you through how to ethically and profitably manage rentals through the COVID-19 outbreak and beyond.
Brandon and David sit down with Mike Butler, acclaimed author of Landlording on Autopilot; Chris Clothier, partner at REI Nation (formerly Memphis Invest); and Dave Poeppelmeier, owner of eight houses in Toledo, Ohio.
You'll get a ton out of this panel discussion, including exact scripts for communicating with non-paying residents, strategies for connecting tenants to government resources, a discussion about "deferment" vs. "forbearance," and much more.
Mike (500+ units), Chris (6,000+ turnkey units), and Dave (8 properties, mostly student rentals) are all in different markets and at different stages of their investing careers... so you're guaranteed to learn something you can apply in your business today.
Enjoy this episode, jump on the BiggerPockets Forums to connect with fellow investors, and subscribe to this show in your favorite podcast app so you won't miss us next week!
In This Episode We Cover:
- Mortgage forbearance vs. deferment for landlords
- What % of REI Nation's tenants paid April rent
- Establishing open lines of communication with tenants
- What tone to use in conversations about rent
- Why Dave proactively reached out to his renters
- Guiding tenants to government resources (unemployment, etc.)
- Creating contingency plans
- Mike's "Wendy's walk-up window" for rent payment
- How to look for better financing in low-interest-rate environments
- How to stay organized if you're getting government assistance for your business
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinars
- BiggerPockets Bookstore
- BiggerPockets Podcast 224: Building a Process to Buy 17 Deals a Week with Chris Clothier
- Are Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do!
- BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock
- BiggerPockets Bookstore
Check the full show notes here: https://www.biggerpockets.com/show380
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
There are plenty of opinions out there about where the real estate market is headed next. But what are the numbers telling us?
Today we dig into the data with Dave Meyer, BiggerPockets' VP of Growth and Analytics and a real estate investor himself.
Dave leads BiggerPockets Insights—a Pro/Premium benefit providing current local market data—and he's been looking at data points in the weeks since shelter-in-place orders began to grind the economy to a halt.
So...
Why are rents down? Why haven't prices dropped? And what data should investors be keeping an eye on? The guys tackle those questions and much more in today's episode.
Plus, Dave discusses his list of the country's best 11 cashflow markets adjusted for vacancy and explains what makes them so attractive right now.
Add in a topical "Fire Round" and a breakdown of Dave's "ski for free" Airbnb scheme, and you've got an action-packed episode sure to bolster your confidence in these uncertain times.
Check out this episode of the BiggerPockets Real Estate Podcast, and be sure to subscribe to the show in your favorite podcast app so you won't miss the next one!
In This Episode We Cover:
- The top cashflow markets in the country for high value and low vacancy
- 3 data points Dave looks at when analyzing a new market
- Why housing prices haven't fallen much yet
- Dave's (cautiously optimistic) forecast on real estate prices
- What's happening to rents nationwide
- What "income-to-price" reveals about a market
- What BiggerPockets Insightsis
- How new investors can take advantage of this downtime
- The potential of a population shift away from urban centers
- How Dave bought an Airbnb in Colorado to "ski for free"
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinars
- BiggerPockets Bookstore
- BiggerPockets Podcast 186: How to Get Your First Few Properties — Even in a Competitive Market with Dave Meyer
- Air DNA
- BiggerPockets Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager
- BiggerPockets Pro
- BiggerPockets Insights
- Newbie Real Estate Investors - What YOU Should Be Doing During This COVID Time
- BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene
Check the full show notes here: http://biggerpockets.com/show379
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
With a recession already underway, we're turning to an investor with 30 years of experience, 3,000-plus multifamily units acquired, and one of the sharpest minds in real estate.
Brian Burke is back today, and he sits down with Brandon and David to offer his interpretation of current events and to guide our audience through how to invest passively without violating Warren Buffett's No. 1 rule: "Never Lose Money!"
Brian explains how his firm Praxis Capital is navigating COVID-19 and shares a few tips everyday investors can use to fortify their portfolios. We also discuss leverage, how lending practices are changing, and techniques you can use today to safeguard your investments against vacancy and drops in valuation.
In the second half of the show, Brian speaks to those interested in becoming "hands-off" investors—whether you want to focus on making money in your day job or just don't want to deal with being a landlord. After all, BiggerPockets has 10-plus books on how to actively get deals done... but none (until now) on how to evaluate passive investment opportunities.
We go over how to meet syndicators, what red flags to look for, how to diversify your investments... and the absolute No. 1 quality to look for in a passive investment (hint: it's NOT the deal itself).
This episode is packed with deep insights into the current market shift, but it's also a timeless lesson in evaluating syndication opportunities.
For more info, check out Brian's new book, The Hands-Off Investor: An Insider's Guide to Investing in Passive Real Estate Syndications, and all the great bonus content, too.
In This Episode We Cover:
- How Brian got his start raising capital from his cop buddies
- "Bulletproof vests" investors can use to survive right now
- Brian's definition of "over-leveraged"
- Why Brian is currently more focused on operations than acquisitions
- How government stimulus $ may affect the real estate market
- How and where passive investors meet syndicators
- The #1 quality passive investors should look for in a syndicator
- Why the deal sponsor is more important than the deal itself
- Diversifying your passive investment portfolio
- Red flags to look for when evaluating syndicators
- Why "alignment of interests" is overrated
- The lesson he learned from a friend who lost her life savings
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinars
- BiggerPockets Business Podcast
- Real Estate Rookie Podcast
- BiggerPockets Money Podcast
- BiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian Burke
- BiggerPockets Podcast 076: Growing Your Real Estate Company Into a $30 Million Dollar Business with Brian Burke
- BiggerPockets Podcast 152: Building Wealth and Passive Income with Rental Properties with Ben Leybovich, Brian Burke, and Serge Shukhat
- BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene
- BiggerPockets BRRRR Guide
- BiggerPockets Bookstore
Check the full show notes here: http://biggerpockets.com/show378
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today's guest does 125 deals a year in Dallas—from his home base in the Caribbean.
How? Well, he bailed on direct mail marketing and doubled down on radio ads.
And when others froze up as the coronavirus spread, his team put in new systems and closed a $23,500 wholesale deal... without even stepping foot inside the house.
Chris Arnold zigs when others zag, and today you'll learn how he sets up his business so he can consistently work ON it, not in it... while enjoying a great lifestyle in Tulum, Mexico.
Chris shares timely tips for how to orchestrate deals while maintaining safe social distancing (he even holds "Zoom open houses" with multiple cash buyers at once); breaks down which team member handles each aspect of a transaction; and delivers a fantastic tip for new real estate investors struggling to stay focused.
Plus—Chris shares how advertising on local radio stations has elevated his home-buying business to new levels. Look, he says, you might prefer podcasts... "but you are not your seller!"
We play one of his ads on the show, and he guides us through how to research various audiences and negotiate the best rates with stations.
This show covers it all—from the finer points of buying properties at deep discounts to the mindset shifts Chris has made along the way.
Check it out, and if you enjoyed this please share it with just one family member or friend. We appreciate you, and we'll see you next Thursday.
In This Episode We Cover:
- Why Chris runs his business virtually from Mexico
- His #1 lead generation strategy: good old-fashioned radio!
- 3 major demographics he markets to
- Why "bouncing" is the reason so many newbies fail
- 3 shifts he's made to adapt to COVID-19
- How he decides whether to wholesale or fix and flip a property
- The exact workflow his team uses to work leads from start to finish
- How he inspects houses remotely
- Closing deals over the phone
- How he puts together "Zoom open houses" for cash buyers
- How he's finding cash buyers who will buy sight unseen
- How the market is reacting to coronavirus
- Ways to back out of a contract if necessary
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Coronavirus Relief Programs
- BiggerPockets Webinars
- How to Build a Deal Pipeline
- Realtor
- Zillow
- Pandora
- The Multipliers Mastermind
- BiggerPockets Business Podcast
- Real Estate Rookie Podcast
- BiggerPockets Money Podcast
- GoBundance
Check the full show notes: http://biggerpockets.com/show377
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Strength in numbers!
When you finish this episode, you'll have 12+ action items that could help you withstand the coming economic slump... and perhaps even accelerate your path to financial freedom.
Each investor featured today gives you their top piece of advice for handling an economic downturn: from mindset, to leadership, to specific strategies you can begin to put in place TODAY.
Don't miss this one, and be sure to subscribe to the BiggerPockets Real Estate Podcast for more hard-won wisdom on how to lead your business through the coronavirus crisis and beyond.
In This Episode We Cover:
- Why now is the time to write a 10-year vision for yourself
- Serving others first, even when our impulse is self-protection
- Cutting overhead to preserve cash
- Finding creative ways to rent out property
- Collecting payments up-front, for a discount
- Working with lenders if you're having shortfalls with rent
- Investing as a group to hedge risk
- Controlling your emotions when the market is volatile
- Why you should be building a team NOW
- The importance of picking up the phone to nurture relationships
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Magazine
- BiggerPockets Conference
- GoBundance
- BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn
- $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ Osborne
- BiggerPockets Webinar
- BiggerPockets Podcast 362: Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy Papasan
- BiggerPockets Bookstore
- BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan
- Kirkland Signature Protein Bars
- BiggerPockets Money Podcast 100: From Financial Disaster to Real Estate Master with Brandon Turner
- Jason Drees Coaching
- BiggerPockets Podcast 162: How to Pay Less to the IRS with Amanda Han, CPA
- BiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian Burke
- AppSumo
- BiggerPockets Podcast 213: Investing in Real Estate Without Being a Landlord with Noah Kagan
- BiggerPockets Podcast 201: Flipping 100+ “Zombie” Houses with Justin Stamper
- BiggerPockets Business Podcast
- Landlordology
- Cozy.co
- Are Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do!
- BiggerPockets Youtube Channel
- 876: What Makes a CEO with BiggerPockets CEO, Scott Trench
- ScottSilverRealty
- BiggerPockets Podcast 325: From Major Business Failure to Buying 20 Houses a Month With Aaron Amuchastegui
Check the full show notes here: http://biggerpockets.com/show376
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Economic upheaval. Tenants losing their jobs. Entire cities shut down.
How should real estate investors operate today?
In this episode, we’re opening up the phone lines and patching in both expert investors (Tarl Yarber, Avery Carl, Justin Stamper) and newbies (Sawyer, Adam, Joe) in various markets across the country.
What you’ll learn: how hard-hit short-term rental operators can adapt to travel restrictions, how to plan for non-payment of rent, which strategies are likely to work best in the coming economic shift, what the heck is going on with interest rates... and much more.
Tell us what you think of this new format, and be sure to subscribe to the BiggerPockets Real Estate Podcast for more on how best to run your business in unprecedented times.
Stay safe and we’ll see you next Thursday.
In This Episode We Cover:
- How certain areas of the country are affected
- How to find renters at this time
- How to make your Airbnb business thrive
- Why panic selling is not recommended
- The value of working with a partner
- What to do if your properties are affected
- How the pricing of properties are affected
- Various creative financing you can try
- Current status of various investors
- Why rents never go down
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Zombie House Flipping
- BiggerPockets Podcast 201: Flipping 100+ “Zombie” Houses with Justin Stamper
- TravelNursing.org
- Furnished Finder
- RNvip.com
- Trusted Health
- Cross Country Nurses
- AYA Healthcare
- BiggerPockets Podcast 374: What Real Estate Investors NEED to Know About the Coronavirus, the Economy, and the Problems at Your Door
- BiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl
- ClearBank
- Open Door Capital
- BiggerPockets Youtube Channel
- BiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber
- Melanie & Dave Dupuis's Instagram
- Are Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do! (Video)
- Dave Ramsey
- Justin Stamper's Instagram
- Justin Stamper's Website
- The Short Term Shop
- Avery Carl's BiggerPockets Profile
- BiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl
- Tarl's Instagram
- BiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber
Check the full show notes here: https://www.biggerpockets.com/show375
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Rent's due... or is it?
From quarantines to eviction moratoriums to a plummeting stock market, COVID-19 has upended seemingly everything -- and today we talk through what it all means for real estate investors.
J Scott, author of Recession-Proof Real Estate Investing, and Scott Trench, author of Set for Life and CEO of BiggerPockets, join Brandon and David for a roundtable discussion packed with perspective and insight.
We begin with a high-level analysis of today's economy, and discuss how you can fortify your portfolio in the face of a likely recession (there's still time!). Then, the guys take on your most pressing questions -- starting with, "what happens if my tenant doesn't pay rent?"
NOTE: If you want to skip directly to audience Q&A, that section starts at 1 hour, 5 minutes.
Whether you're a brand new investor nervous about getting started... or a veteran waiting for the right opportunity to deploy capital, this episode will give you a chance to take a deep breath and assess the playing field.
We hope you enjoy this special episode, recorded March 18... Stay safe, take care of yourselves, and stay tuned for more Coronavirus content across all BiggerPockets platforms in the days and weeks ahead.
In This Episode We Cover:
- BiggerPockets members' top questions right now
- How to control your emotions when people around you are panicking
- Which strategies do and don't work well during downturns
- How to approach tenants who have lost income and don't pay rent
- The importance of "buying right" and keeping cash reserves
- 6 ways real estate investors should prep for a recession
- How power dynamics in the marketplace will change
- Whether you should still be out there looking for deals
- How to productively use your time while confined indoors
- Adjustable Rate Mortgages today
- COVID-19's effect on the overall economy
- The effects of Quantitative Easing and 0% interest rates
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Money Podcast
- BiggerPockets
- Real Estate Rookie Podcast
- BiggerPockets Business Podcast
- Mindy Jensen's BiggerPockets Profile
- Imperial College COVID-19 Response Team Article
- Ray Dalio
- BiggerPockets Podcast 297: Mastering the Decision-Making Process with Business (and World Series of Poker) Champion Annie Duke
- BiggerPockets Calculators
- 4 Wealth Generators of Real Estate Investing (video)
- Zillow
- BiggerPockets Podcast 311: 6 Rules for Investing in Real Estate in the Coming Economic Shift with J Scott
Check the full show notes here: http://biggerpockets.com/show373
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Four years ago, Lee Ripma was brand new to real estate. She vowed she'd one day appear on the BiggerPockets Podcast. That day has come.
And we're all better off for it!
In this action-packed episode, Lee traces her journey from full-time field biologist to newbie who jumped straight into long-distance multifamily (wait 'til you hear about her first deal!) to developing apartment buildings in the high-end Los Angeles market.
You'll learn how she formed relationships with local, "boots-on-the-ground" partners on her BRRRR deals in Kansas City, why she came to prefer value-add multifamily deals over BRRRR, and how she's able to find higher and better uses for properties in Southern California.
From looking at our podcast stats, we know a LOT of you are in hot markets like L.A., New York, San Francisco, and Washington, D.C. If you've ever thought to yourself, "My market's so expensive... How can I invest in real estate?"—look no further.
This episode will get you motivated, and it may just ignite your real estate investing career!
Be sure to subscribe to the BiggerPockets Real Estate Podcast, sample the other BiggerPockets podcasts in our network (just search "BiggerPockets" in your favorite podcast app), and as always, if you appreciate this content, please give us an honest rating and review on Apple Podcasts.
In This Episode We Cover:
- Why she abandoned the idea of building a tiny house empire
- How her career as an environmental consultant prepared her for real estate investing
- Why innovation can be overrated
- How she screwed up her first deal and still made 28% cash-on-cash
- Why choosing a “submarkets” is more important than the general market you choose
- Why she shifted from BRRRR to value-add multifamily investing
- How she unlocks value in rundown apartment buildings
- Finding “boots-on-the-ground” partners for out-of-state deals
- How she learned the development game by apprenticing under an experienced investor
- How real estate development creates money out of thin air
- Tearing down single-family homes and building 4-unit apartment buildings
- How she moves projects more quickly by using “prefabricated construction”
- Why “value-add” drives the biggest returns on investment
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Money Podcast
- How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman
- BiggerPockets
- Task Rabbit
- BiggerPockets Podcast 092: No (and Low) Money Down Real Estate Investing with Brandon Turner
- Podcast Movement
- BiggerPockets Money
- Tiktok
Check the full show notes here: http://biggerpockets.com/show373
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Securing financial freedom for her family through long-distance real estate investing!
West Point graduate Erin Helle's story starts the day she was ordered to deploy to Afghanistan. She already had a young daughter, and her husband was headed to Iraq.
Something had to change.
Mix in a serious health condition, the result was this: Erin felt forced to take action and build something that would endure and provide for her daughters no matter what.
In this episode, you'll learn which steps she took. From buying new construction, to flipping at a distance, to using a self-directed IRA to purchase a rental property, this show is packed with valuable lessons from an investor who's acquired 20 doors in the span of two years.
Erin shares a powerful story that's sure to make you think hard about the legacy YOU plan to leave behind and what you plan to do to get there.
In This Episode We Cover:
- Buying new construction
- Generating momentum as a newbie investor
- Erin's key performance indicators
- Lead measures vs. lag measures
- Out-of-state real estate investing
- Teaching young kids about money
- Why getting your real estate license may be overrated
- Why she doesn't "DIY" anymore
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan “The Mercenary” Murdock
- Open Door Capital
- $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ Osborne
- Brandon's Instagram
- Craigslist
- Zillow
- Redfin
- BiggerPockets Money Podcast
- BiggerPockets Business Podcast
Click here for full show notes: http://biggerpockets.com/show372
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
More "newbie" content. More "first deal" success stories. Tips, tools, and step-by-step guidance from investors just one step ahead of you.
That's what many of you have been asking for.
And that's what you'll get when you subscribe to Real Estate Rookie, BiggerPockets' newest podcast!
Episode 1 is LIVE now, and it's a gem if we do say so ourselves—check it out here.
In this brief announcement, Brandon and David introduce hosts Ashley Kehr and Felipe Mejia (remember them from episodes 348 and 329?)... and explain WHO would—and wouldn't—benefit from listening to Real Estate Rookie.
You might be asking—is the "OG" BiggerPockets Podcast changing? Or even going away? Not a chance!
In fact, we hope you listen to both shows.
Check out Real Estate Rookie today, and Brandon and David will have another great interview right here tomorrow.
Then next week, you'll get an episode of Real Estate Rookie on Wednesday, and we'll be back to regular programming.
Tell us what you think of the new podcast, join the Facebook group (just search "Real Estate Rookie"), and give Ashley and Felipe a follow on Instagram @wealthfromrentals and @felipemejiarei!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
$700,000-plus in wholesale fees—fresh out of high school!
On this show, Will Brown reveals how laser-focusing on “deal flow” allowed him to build a rental property portfolio, build a self-sustaining business, and amass a small fortune… all in a matter of months.
You’ll be blown away by Will’s story of being struck by inspiration while playing Grand Theft Auto at age 18. That led to the BiggerPockets Podcast, and well… you’ll have to hear the rest of his story to believe it.
If you want to know the exact structure of a four-deal-per-month wholesaling business and the specific marketing methods Will uses to reach sellers, check out this episode. He walks us through how he handles leads, how he manages his business from 3,000 miles away, and why he’s handing over the reins to a partner so he can focus on building a technology startup.
This is a fantastic episode highlighting a BiggerPockets member who took massive action, trusted the process, and saw massive results. Download this one, and make sure you’re subscribed to the BiggerPockets so you won’t miss a show!
In This Episode We Cover:
- How Will built a powerful marketing machine
- How he's able to spend only 30 minutes on each deal
- How he prevents leads from slipping through the cracks
- Ringless voicemail messaging and text message marketing
- Why he prefers wholesaling over flipping houses
- How he handles tricky title issues
- Why it's never a bad idea to make an offer
- Will's artificial intelligence startup
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Ultimate Beginner's Guide
- BiggerPockets Podcast 077: Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael Quarles
- BiggerPockets Podcast
- BiggerPockets Podcast 209: Flipping 83 Homes in the Last 18 Months with Kevin Carroll
- BiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal Newport
- Shark Tank
Check the full show notes here: http://biggerpockets.com/show371
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Get to know enough CPAs, and you'll hear the "light bulb" story.
"I was helping this real estate investor with her taxes... and thought, 'Why am I not doing this?!'"
Yes, there are POWERFUL tax breaks available for rental property investors. But you have to know what to look for!
That's the focus of today's episode AND the new book (out today!) from Amanda Han and Matt MacFarland: "The Book on Advanced Tax Strategies: Cracking the Code for Savvy Real Estate Investors."
You'll hear Amanda and Matt break down the basic concepts you need to understand in order to reach your goals, outline the questions you should ask your CPA, and take on the notorious "Do I need an LLC?" question.
You'll also learn about more complex strategies like advanced/bonus depreciation, Opportunity Zone investing, and 1031 exchanges... plus, how short-term rental investors and flippers can optimize their tax strategy.
This episode is packed with free information that is literally valuable—meaning it could save you thousands, or tens of thousands, of dollars!
Download this one, check out the book, and subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next show.
In This Episode We Cover:
- How Amanda and Matt ended up doing tax/real estate
- What they do and how they help clients
- What their new book is all about
- How to save tons of money in terms of taxes
- Best time to work with a CPA
- How an LLC plays into a real estate investor’s life
- 3 benefits of working with a professional
- Importance of having a system in place with the help of tax and legal advisors
- How cost segregation comes into play
- Who does a cost segregation study
- Other things investors should not do on their own
- Why it pays to be cautious when it comes to 1031 exchanges
- Why buy and hold is preferable over flipping from a tax perspective
- Cool things about short-term rentals from a tax perspective
- What an Opportunity Zone is and why it matters
- What a flow-through entity tax break is
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- Explore Companies on BiggerPockets
- BiggerPockets Bookstore
- IRS Website
Check the full show notes here: http://biggerpockets.com/show370
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Want to step out of your business and finally gain the freedom to think more strategically? Let Jefferson Lilly show you how!
Jefferson is a mobile home park investor, who went from sleeping on an air mattress on-site at his mobile parks to running a lean team and focusing his energy on raising millions from investors.
No matter what stage of your career you’re in or what your preferred strategy is, you’ll get a ton of value out of this high-level discussion about building a “2.0” business that serves you AND your team.
You’ll learn how Jefferson went from acquiring parks “deal by deal” to starting a fund, how he overcame fear to hire several six-figure employees, and how he incentivizes his team to maximize occupancy.
Also, Jefferson breaks down the criteria he uses to narrow down potential deals (including proximity to a Walmart)—AND reveals the four main ways he and his team reach out to mom-and-pop park owners.
This is an awesome show, whether you’re interested in mobile homes or not. So check it out, and subscribe to the BiggerPockets Real Estate Podcast so you won’t miss the next one!
In This Episode We Cover:
- The “unfair advantages” of mobile home park investing
- 4 main methods to find off-market deals
- How his team uses brokers to source deals
- Hiring 6-figure employees
- How Jefferson has raised more than $30M from 200 investors
- How he incentivizes his team based on occupancy
- 2 factors that drive profitability in the mobile home park business
- The difference between a “2.0” business vs. a “1.0” business
- Jefferson’s biggest career regret
- Why he aims to hire “coaches” rather than “cheerleaders”
- How and why he started a fund rather than individually syndicating deals
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Podcast 111: A Unique (and Profitable) Real Estate Niche You’ve Probably Never Considered with Jefferson Lilly
- $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ Osborne
- BiggerPockets Podcast 339: 60,000 Tenants?! How Frank Rolfe Built a Mobile Home Empire
- Mobile Home University
- BiggerPockets Podcast 262: $600,000 Per Month in Gross Rents from Mobile Home Parks with Jefferson Lilly
- Indeed.com
- BiggerPockets Podcast 361: Using $3,500 to Kickstart an “Unsexy” Investment Empire with Tristan Thomas
- Tim Ferriss Podcast
- The Dave Ramsey Show
- Quickbooks
Check the full show notes here: http://biggerpockets.com/show369
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s show: accelerated wealth-building through leverage and systems!
Palak Shah walks us through how she built a $4M portfolio in just three years by "supercharging" the BRRRR strategy.
Palak left a career in corporate America to focus full-time on real estate in the Philadelphia area, and she applied her training as an engineer to create airtight processes that help her business run without her.
You’ll love hearing how she finds deals from wholesalers on Facebook, why she’s not afraid to sell off some of her BRRRR properties, and how she creates checklists to determine whether a deal fits her criteria.
Also, we discuss how to beat “analysis paralysis” by remembering her acronym “A.B.L.E.”
Palak is a relatable, inspiring investor who offers great tips for anyone hoping to transition away from a 9-to-5… so check out this episode today, and share it with a friend or family member!
In This Episode We Cover:
- Leaving her corporate job to take more control over her time
- Why she’s OK paying capital gains tax rather than using 1031 exchanges
- Flexing your “risk-taking muscle”
- Using hard money for BRRRR projects
- Creating “templates” to make investing easier over time
- Criticisms of the BRRRR strategy
- Why she sells off some of her BRRRR properties
- Using local banks and credit unions
- Her mantra: “Fortune favors the finance-savvy”
- How her systems allowed her to buy 2 properties from India
- Her “A.B.L.E.” method to escape analysis paralysis
- How she bought 9 units for 40% off the list price
- How she used a home equity loan to borrow $160K
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- Fear-Setting: The Most Valuable Exercise I Do Every Month
- How to Make $100,000/Year with Fixer-Upper Rentals (by Buying Only 2 Properties Annually)
- Microsoft Project
- Redfin
- Hustle & Persistence To Build Wealth Through Real Estate | BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene
- BiggerPockets Podcast 362: Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy Papasan
Check the full show notes here: http://biggerpockets.com/show368
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
7X-ing her income by leaving a so-so job to flip houses!
Today’s guest is Kara Beckmann, a rehabber and rental property investor who’s tearing it up in Scottsdale, Ariz., and on her Instagram page @beckmannhouse.
You'll be inspired by Kara's journey from pastry chef to retail worker to full-time investor funding deals with private and hard money. Kara shares some great tips for networking with wholesalers and builders to snag deals (to date, she's spent $0 on marketing).
You'll also learn how she maximizes profit by sticking to her rehab budgets, how she keeps contractors on deadline, and how she manages risk by outlining several different exit strategies.
Kara's story will motivate you to apply your own "unique ability" to your real estate business and overcome the fear that might be stopping you from doing your first or next deal!
Enjoy this episode, and subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next one.
In This Episode We Cover:
- How Kara learned saving habits at age 14
- How she started thinking like an entrepreneur while working in retail
- How she was motivated by not getting a raise in 5 years
- Buying her first deal for $50K below asking price
- Reinvesting profits from her first flip
- Her apprenticeship with a general contractor
- How she develops a scope of work and deadline
- Why she doesn’t spend any money on marketing
- Her networking tips
- The challenges of investing without W-2 income
- How she prepares several exit strategies for each deal
- Where she gets inspiration for her designs
- How she sticks to her budgets (the “price per square foot” method)
- Incentivizing her contractors to complete work on time
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Money Podcast
- BiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!)
- BiggerPockets Conference
- Zillow
- Realtor.com
- TikTok
- Email: podcast@biggerpockets.com
Check the full show notes here: http://biggerpockets.com/show367
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
From panicked newbie with just $1,000 saved to 40 rental units—in two years’ time!
On today’s show, we sit down with Henry Washington, a buy and hold investor from Arkansas who’s built a sizable portfolio while working full-time.
You’ll learn how Henry changed his mindset as he and his wife prepared to start a family and how he secured his first deal by doing something anyone can do—simply announcing to the world that he buys houses.
You’ll also learn how Henry built a deal pipeline by looking in places other investors didn’t, how he asked more experienced investors for help when he didn’t know what to do next, and how he does business with local banks to expand his portfolio.
Plus, Brandon and David dig into how to property screen tenants, how to decide when to flip or BRRRR vs. when to hold onto a rental, and how to use an online ad campaign to drive a steady supply of leads to your website.
This episode lays out a blueprint for building massive wealth. Just adapt it to your market, and work the process.
Don’t miss this one, and subscribe to the BiggerPockets Real Estate Podcast so you won’t miss the next!
In This Episode We Cover:
- How “panic” drove Henry to start saving and investing
- How he started his investment career by simply “paying himself first”
- The list he used for his first (wildly successful) direct mail campaign
- The lessons he, Brandon, and David took away from Rich Dad Poor Dad
- Why he told people he bought properties (before he ever did!)
- Why writing down his fears helps him conquer them
- How he sought help from a more experienced investor on his first deal
- How he used a 401(k) loan to buy a cash-flowing property
- How he launched a Google Ads campaign to drive traffic to his website
- The power of small, local banks to fund deals
- Why he holds open houses rather than individual showings for tenants
- Why the best real estate investors buy “situations,” not houses
- And SO much more!
Links from the Show
- BiggerPockets Forums
- biggerpockets.com/podcastsurvey
- BiggerPockets Business Podcast 30: How to Guarantee Profit From Day 1 with Mike Michalowicz
- Google Adwords
- LeadPropeller
- Cozy.co
- Trulia
- Realtor
- HotPads
- Zillow
- Craigslist
- BiggerPockets Bookstore
- BiggerPockets Business
Check the full show notes here: http://biggerpockets.com/show366
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Decorated Navy SEAL commander. Author. Podcaster. And house hacker?!
Yes, Jocko Willink invests in real estate and shares some great tips… but that's not the only reason he's on the show today. And it's not the only reason why he's sure to be one of our most popular guests to date.
You see, Jocko looks at life's challenges differently. And after hearing his message, you might, too.
Contractor rip you off? Good. Rental property flooded? Good. Spent a bunch of money and never found a deal? GOOD!
Actually, great!
Now you can learn something about yourself. You can get tougher. You can improve.
That's the worldview Jocko outlines in his No. 1 New York Times bestseller Extreme Ownership: How U.S. Navy SEALs Lead and Win.
Today, we dive deep into how to apply this mindset to your business. PLUS, we discuss Jocko's philosophy on leading teams, managing risk, harnessing your ego, and foregoing comfort in pursuit of long-term goals like financial freedom.
You'll also love getting to know Jocko the real estate investor!
From buying a hoarder house filled with chicken bones to dividing his kids' bedrooms into "prison cell"-sized sleeping quarters, Jocko discusses how some sacrifice goes a long way toward creating financial freedom—even on a modest military salary.
Beware: by the end of this show, you might just be staring down your fears and greeting your biggest obstacles head-on with the word "good."
In This Episode We Cover:
- What “extreme ownership” is and how it applies to real estate investing
- Fixing up creepy, run-down houses in Southern California in his 20s
- Why Jocko recommends house hacking for men and women in the military
- How joining the Navy gave him purpose
- His approach to Navy SEAL BUD/S training
- The lessons he learned from the Great Recession—even though it didn’t personally affect his finances
- Avoiding "lifestyle creep"
- Considering the worst case scenario before taking risks
- How to harness your ego for good
- What he says when people push back against the idea of extreme ownership
- Why he writes books for kids (and why some adults like those books best)
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Joe Rogan's Show
- Joe Rogan Experience #1391- Tulsi Gabbard & Jocko Willink
Click here to check the full notes: http://biggerpockets.com/show365
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Ever been interested in making money with short-term rentals but feel there’s just too much you don’t know? Welcome to the club!
On today’s show, Brandon and David interview Avery Carl, a short-term rental (STR) investor who opens up the playbook and shows us what she’s doing and how she’s doing it! Avery shares the apps, software, and systems she uses to manage five STRs in under 30 minutes a week!
You’ll love her thoughts on self-management versus using a professional company, avoiding negative online reviews, and properly marketing your properties to maximize revenue. She also discusses how she diversifies risk in her portfolio, why she buys properties for 10% down, and what expenses she accounts for when analyzing deals that come across her desk.
Avery shares some fantastic insight into how to run a STR business with minimum time and intrusion, as well as some overall advice for knowing your market and minimizing your risk. Download this episode of the BiggerPockets Real Estate Podcast and see for yourself today!
In This Episode We Cover:
- Where she’s currently buying
- How she balances running a real estate team with investing
- How she created systems to help manage her portfolio of vacation rental properties
- The difference between self-management and using a management company
- How she manages negative reviews online
- Her advice for marketing your STR
- The apps she uses to automate the STR business
- How she buys her STRs with 10% down
- What expenses she factors into her numbers for STRs
- How she protects her investments from a possible recession
- How she diversifies her risk between long-term and short-term rentals
- How she uses her first properties when buying additional properties
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Real Estate Podcast
- The Grey (movie)
- Airbnb
- iGMS Vacation Rental App
- BiggerPockets Podcast 245: Creating Wealth that Lasts Generations with Bestselling Author Ryan Holiday
- BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
- Email Us for Pro Deals: podcast@biggerpockets.com
Check the full show notes here: http://biggerpockets.com/show364
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Will 2020 be your best year ever?
Today’s episode has all the ingredients to make the answer a big, resounding “Yes!”
Bestselling author and productivity expert Michael Hyatt is here, and he guides us through how real estate investors should approach the year ahead.
You’ll love hearing how Michael’s eliminated virtually everything except his three highest-leverage, revenue-generating activities; how to steer clear of what he calls “drudgery zone” work; and how to find someone who actually enjoys those tasks you can’t stand doing.
And if you’re thinking, “Well, I’m not ready for that yet…” Michael has tips for how to get started by delegating just one task.
Michael has written extensively about three topics that touch every real estate investor: productivity (Free to Focus), goal-setting (Your Best Year Ever), and delegation (Your World-Class Assistant). Today, we cover them all in-depth.
So download this episode, make sure you’re subscribed to the BiggerPockets Real Estate Podcast, and start 2020 right!
In This Episode We Cover:
- How Michael grew his company in a year while taking 162 days off per year
- How “vague aspirations” set you up for failure
- Why you’re 42% more likely to achieve your goals if you write them down
- Why you shouldn’t have more than 3 goals at once
- The keys to hiring a world-class executive assistant
- The importance of a detailed, well-thought-out job description
- The right way to document workflows
- How to focus on your “Desire Zone”
- How to offload tasks in the “Drudgery Zone”
- The difference between goals and projects
- Why he hired a world-class coach to teach him an obscure hobby
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast 230: Real Estate Investing as a Side Hustle with Grammy-Winning Producer Seth Mosley
- BiggerPockets Podcast 117: Maximizing Productivity to Get Things Done with David Allen
- BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene
- Tucker Max
- BiggerPockets Podcast 245: Creating Wealth that Lasts Generations with Bestselling Author Ryan Holiday
- Evernote
- Loom
- BiggerPockets Pro
- BiggerPockets Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber
- Masterclass
- BiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal Newport
- The Tim Ferriss Show
- How to Make 2020 Your Best Real Estate Year Ever Webinar
Check the full show notes here: http://biggerpockets.com/show363
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today’s show is centered around a big question we get ALL the time...
“How do I get my spouse/partner on board with my real estate investing goals?”
It’s the perfect time of year to think through exactly how to do that, and we have the perfect guests to offer some advice.
Jay and Wendy Papasan run an annual couples’ goal-setting retreat in Austin, Texas. Today, they walk us through the exercises they use to help couples (and business partners) confront uncomfortable questions and get on the same page.
Oh, and if you don’t know who Jay is, check out BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The ONE Thing with Jay Papasan and BiggerPockets Business Podcast 06: How to Manage Your Time Like a Millionaire with Jay Papasan.
Jay's wife, Wendy, is a real estate broker who leads a high-performing team that’s expanded into four cities.
In this episode, you’ll learn how to initiate a goal-setting conversation with your partner, what kinds of settings work best for this exercise, what questions to ask, and which timelines to use.
Also, stick around through the end to hear Wendy’s tips on using leverage and a “not to-do list” to apply your time and energy more efficiently and be happier.
This is a profound episode with two real estate rockstars. If you enjoy it, do us a favor and share it with YOUR spouse or partner… or pass it onto a couple who you think might benefit.
Download this one today, and make sure you’re subscribed to the show, so you won’t miss the next one!
In This Episode We Cover:
- How Wendy and Jay started setting goals together 13 years ago
- Applying the idea of a “leadership retreat” to your family
- What settings work best for goal-setting with your spouse or partner
- Navigating a relationship where one partner is an entrepreneur
- Their answer to, “How do I get my spouse on board with real estate investing?”
- Why most failures of leadership are failures of courage (Keith Cunningham)
- How having tough conversations about goals can head off misunderstandings
- How Brandon’s navigated balancing business with family
- Why Gary Keller calls tough conversations “care-frontations”
- Which time horizons are most useful when setting goals
- Using the language of business in your marriage
- Putting your marriage first, even when you have kids
- Moving at the speed of communication
- Delegating draining tasks to help you keep more energy for yourself and your family
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Youtube Channel
- BiggerPockets Business Podcast 06: How to Manage Your Time Like a Millionaire With Jay Papasan
- BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan
- Gary Keller
- BiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan “The Mercenary” Murdock
- Paying Off Student Loan Debt with a Median Income and Two Kids in Northern California with Kyle Renke
Check the full show notes here: http://biggerpockets.com/show362
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Traveling the world on mobile home cash flow at 26 years of age? Yes, it’s possible!
On today’s show, Brandon and David interview Tristan Thomas, a mobile home park investor who parlayed a few thousand dollars into a life of financial freedom.
Tristan shares some great info regarding how he chooses his markets to invest in, how he finds deals in those markets, and some of the key differences to holding title to mobile homes compared with traditional real estate.
He also shares a fantastic perspective on how using “rent-to-own” financing can eliminate maintenance and repair costs, motivate your tenants to take better care of the property, and help you build wealth with very little of your own money.
Tristan is a great example of how to find financial freedom at ANY age and shares exactly how he did it himself! Download this inspirational episode today, and subscribe to the podcast in your favorite app so you won't miss the next show.
In This Episode We Cover:
- How Tristan got into mobile homes
- How he finds deals in today's market
- The key differences to holding title to mobile homes compared with traditional real estate
- How to use “rent-to-own” financing to eliminate maintenance and repairs costs
- How to motivate your tenants to take better care of the property
- How to build wealth with very little of your own money
- Making a 100% return on investment within 12 months
- His 5 biggest lead generators that are all free
- The criteria he looks for to find the best mobile home deals
- Getting into real estate investing for financial freedom
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Youtube Channel
- BiggerPockets Podcast Survey
- BiggerPockets Webinars
- Josh's Twitter Profile
- Podcast Survey
- Grant Cardone on Multifamily Investing and Why You Should Never Buy a House!
- BiggerPockets Events and Meetups
- Mobile Home Park Investing Boot Camp
- BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene
Check the full show notes here: http://biggerpockets.com/show361
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Have you ever wanted to invest in real estate but aren’t ready for a full-time commitment? Today’s guest has figured out just how to do so, and she’s sharing it all with you!
Stephanie Cabral is a lawyer, real estate agent, and investor out of Connecticut, who has figured out how to make money from residential real estate ownership while working two full-time jobs.
On today’s show, Stephanie breaks down how she saved $100K on one deal, developed an automated direct mail system, and successfully used the often-confusing 203k loan program.
You’ll love her advice on automation/delegation and investing in single family homes. Plus, she talks about what she looks for in her market, and shares her thoughts on the next big change in real estate in the near future. You’ll also find some great tips regarding managing properties yourself and hiring and using virtual assistants to save you time.
Download this one today, and share it with a friend or family member who would benefit!
In This Episode We Cover:
- How Stephanie defines “administrative stamina”
- How she took out a HELOC on her first property
- How she got a $100K discount on her first property
- Why she invests in single family homes
- How she uses VAs to handle the heavy lifting of her RE business
- Her theory on automation and delegation
- How she’s using RE to get out of her legal practice
- What she looks for in a good assistant
- What she’s looking for in out-of-state markets
- How she automated her direct mail system
- Her advice for managing properties yourself
- Her thoughts on the next big trend in RE investing over the coming 5-10 years
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Youtube Channel
- BiggerPockets Podcast Survey
- Upwork
- Podio
- StrugglingInvestor
- PayYourRent
- Cozy
- OnlineJobs.ph
- Adobe
- Brandon's Instagram
- David's Instagram
Check the full show notes at BiggerPockets: http://biggerpockets.com/show360
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
You asked for it, and we answered! On today’s episode, Brandon and David interview three first-time home buyers, who all utilized the house hacking strategy in different ways!
Our first guest shares how he bought in the most expensive market in the country and lives for FREE by using several techniques anyone can replicate (while taking advantage of a massive value-add opportunity).
Our second guests share how they used house hacking to buy a BUSINESS that will generate over $20K in profit per month... while also eliminating the majority of their rehab costs and reducing risks and living expenses at the same time!
And our third guest shares how he took advantage of California’s recent ADU law revision to buy a property that will eliminate his living expenses while making him massive cash flow at the same time.
This episode covers FAQs—like how to use an agent to help you find a property, how to house hack in unique ways, and what to expect when buying your first property—and is guaranteed to get those wheels turning in your mind! Download this one, and share with a friend today!
In This Episode We Cover:
- Ryan Meinzer
- How he found the property
- His unique angle on TIC (tenancy in common)
- What he intended to do reduce his living expenses
- How a sliding door turned out to be a blessing
- What the requirements are to convert a TIC
- Key lessons learned from this deal
- Hero and Stephanie Cruz
- The struggle of finding the right Realtor
- Finding a property that needs less rehab
- What is assisted living property
- How much they earn from each room
- Making more money to help more people
- Rob Kishi
- How Daivd and Rob were introduced during a meetup
- Why he fell in love with idea of house hacking
- What the property looks like
- Investing with Mom
- What ADU stands for
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Bookstore
- BiggerPockets Network - Find a Real Estate Agent
- BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
- Grant Cardone on Multifamily Investing and Why You Should Never Buy a House!
- BiggerPockets Podcast 350: How to House Hack Your Way to Financial Freedom in 3 Years with Craig Curelop
- The Core 4 Members Vital to a Profitable Long-Distance Real Estate Investing Team (blog)
- BiggerPockets Premium Membership
Check the full show notes here: http://biggerpockets.com/show359
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Have you been looking for the right way to find deals in today’s tough market?
Today’s show might be just what you’ve been looking for! Join us as Brandon and David sit down and bring out the gold nuggets on what’s working for successful real estate investors in today’s hot market.
You’ll learn six strategies that will help you land deals and build wealth, as well as detailed insight into how to pull them off successfully. You’ll want to hear this advice about how to find deals, how to set up your business, and how to protect your capital that not everyone is talking about!
For the second half of the show, Brandon and David share five “accelerants” that will help increase the level of your success once you’ve found the strategies that work for you.
This show is the first of its kind, and we think you’re going to love it. You spoke, we heard, and this is the content the people want.
Download and share this gem today!
In This Episode We Cover:
- Strategy #1: BRRRR
- Strategy #2: House Hacking
- Strategy #3: House Flipping
- Strategy #4: Vacation Rentals
- Strategy #5: Wholesaling
- Strategy #6: Syndication
- Accelerants and how to pour fuel on the fire
- OPM (other people’s money)
- Value-add
- Forced equity
- Increased cash flow through additional units
- Leveraging others (core four)
- Finding deals from your sphere of influence
- Funnels
- Partnerships
- Personalities
- Skill sets
- Resources
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Bookstore
- BiggerPockets Podcast 302: Making $100k/Deal Using Other People’s Money, Time & Experience with Cory Nemoto
- KECO Capital
- KECO Capital’s Instagram
- BiggerPockets Hard Money Lenders
- BiggerPockets Webinars
- BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray
- BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray
- BiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan “The Mercenary” Murdock
- Paying Off Student Loan Debt with a Median Income and Two Kids in Northern California with Kyle Renke
Check the full show notes here: https://www.biggerpockets.com/show358
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
YouTube sensation alert!
On today’s show, Brandon and David sit down with real estate investor and agent Kevin Paffrath of “Meet Kevin” on YouTube.
Kevin is young and doing great with real estate from several angles! He's built millions of dollars in wealth through single family properties in Southern California and shares some fantastic advice that will help you do the same.
You will love his advice regarding what he looks for in rehabs, what he avoids, and how he LOVES finding properties with problems! He also discusses how he found a deal holding an open house, how he avoids paying taxes on his profits, and how he was able to buy a house with his girlfriend while working at Jamba Juice!
This episode is high-energy, fun, and full of great practical advice for newbies and experienced investors alike.
In This Episode We Cover:
- Buying his first property while working at Jamba Juice
- How he bought with PMI, then removed it later
- Why he invests as an agent
- Why he tracks his net worth
- Common problems that prevent investors from building wealth
- Buying the majority of his properties from the MLS
- How he talks to other agents to get deals sent to him
- Finding a deal while holding an open house
- Why buying SFR to build equity then exchanging into multifamily is a great strategy
- Avoiding paying taxes
- Looking where others aren’t for deals
- How he still buys homes that get multiple offers
- Why he DOESN'T want cash flow right now
- A walk through of his latest rental
- Attracting quality tenants
- The best kind of relationship with real estate agents
- The problems he avoids in rehabs
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Pro
- Email: podcast@biggerpockets.com
- David's Instagram
- Brandon's Instagram
- BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
- BiggerPockets Youtube
- BiggerPockets Meetup
- BiggerPockets Webinar Replay
Check the full show notes here: http://biggerpockets.com/show357
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Want to build massive wealth in a top-end rental market that’s also really expensive—all while minimizing your risk? Don’t we all!
Well, you’re in luck, because today’s guest has done just that—and in a surprisingly simple way that anyone can replicate. On today’s show, Brandon and David dig deep into the strategy used by Joe Asamoah, a Washington, D.C. investor, who owns more than 30 single family homes that are currently building him massive wealth!
You will be absolutely fascinated as you hear how Joe uses HUD housing vouchers to generate big returns in high-end areas while also reducing his risk to survive tough markets. Joe also shares some amazing tips for how he keeps tenants for 15 years at a time, including how he creates a huge demand for his homes, which kinds of properties he targets, and how he gets deals brought to him before anyone else.
Joe goes on to reveal some extremely effective tips regarding how to treat your tenants so well they never leave, how to convince lenders to work with you, and why he visits potential tenants in their current homes on short notice.
This show is chock full of extremely practical advice anyone can follow, not to mention useful tips for high-level real estate investing. This is an episode you will listen to several times and walk away extremely inspired.
In This Episode We Cover:
- Why he targets 5-bedroom houses
- Why the greatest HUD demand is for 4-, 5-, and 6-bedroom homes
- HUD requirements for what qualifies as a bedroom
- The advantages of investing in a capital city
- Why he rehabs his properties to HGTV-grade quality
- Why he visits potential tenants at their current homes
- Why he sends his tenants flowers on Mother’s Day and presents for Christmas
- Why he rewards his tenants' children for good grades and even offers vacations for tenants
- How his model is designed to be recession-proof
- Why he has a 20-page lease
- Why he focuses more on reducing expenses than he does on increasing rents
- Why he hired an assistant to manage his properties instead of using a traditional property manager
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Bookstore
- BiggerPockets Pro
- Email: podcast@biggerpockets.com
- David's Instagram
- Brandon's Instagram
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
From Bangor, Maine to Maui... by providing massive value!
If you’re looking for a mentor, partner, or lender, this episode is for you. You’ll learn how Ryan Murdock went from small-time landlord/property manager to major player in Brandon’s growing mobile home park empire; how he’s the perfect complement to Brandon’s DISC profile; and how they find, underwrite, and finance multi-million dollar deals.
Ryan is a modest, down-to-earth guy with a keen awareness of his own strengths and weaknesses, and this episode will show you how you can develop that quality to find the right partner and level up your business (and life!).
Don’t miss this one, and subscribe to the BiggerPockets Real Estate Podcast so you won’t miss out next week!
In This Episode We Cover:
- How Brandon and Ryan met
- What Ryan did that caused Brandon to pump his brakes and start paying attention
- How they slowly formed what became one of the most dynamic duos in real estate
- The attitude Ryan embraces that makes him so valuable
- How he earned an equity stake in a huge company
- How they’ve hired additional members to help grow the business
- Learn how to create the “vivid vision” Brandon came up with
- How they joined forces to create “rocket fuel” and scale their syndication model
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Events
- BiggerPockets Bookstore
- BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock
- Dave Van Horn – MidWest Real Estate Networking Summit
- Darren Sager's BiggerPockets Profile
- BiggerPockets Money
- Mindy Jensen's BiggerPockets Profile
- BiggerPockets Business Podcast 16: Mastering Cash Flow and Finding Riches in “Headache” Jobs with 3Point Cleaning CEO Jesse McCue
- Meet Property Management Extraordinaire, RE Investor & Hotel Owner Jesse McCue
- BiggerPockets Business Podcast 18: How to “Have It All” by Living with Intention with Brandon Turner
- BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray
- BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray
- Brandon's Instagram
- David's Instagram
Listen on BiggerPockets: https://www.biggerpockets.com/show355
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
From single family to multifamily to hotels!
On today’s show, Nichole Stohler sits down with Brandon and David and discusses her journey from purchasing a single family home to syndicating hotels! Nichole has a fascinating story that started with losing the first house she bought, grew into recommitting herself to learning the asset class of real estate, and ended with massive success through big deal syndications.
You’ll love the advice she shares about managing managers, scaling the right way, and dealing with tenants according to three irrefutable laws. She goes on to discuss keeping properties clean, choosing the right partners, and analyzing economic factors when choosing a hotel or apartment complex.
Nichole reveals tons of great tips when it comes to building wealth through various asset classes of real estate. This show has something for everyone!
In This Episode We Cover:
- Her 3 irrefutable rules for dealing with tenants
- How she scaled from SFH to multifamily and hotels
- How she manages her managers
- What she learned from her first deal that lost her money
- Why she committed to really learning the asset class of real estate
- Why having clean apartments is so important to tenant relations
- Why so many investors make the mistake of not focusing on asset management
- Why she turned to hotels when she couldn’t find anything in the multifamily space
- How the 1031 exchange impacted her capital gains and depreciation recapture
- Which economic drivers she looks for when choosing a property to buy
- What she’s learned about operating syndications in the hotel space
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Pro
- Email Us: podcast@biggerpockets.com
- BiggerPockets Podcast 345: “Vivid Visions” and 90-Day Sprints—Brandon’s Approach to Mobile Home Park Investing (and Life!)
- BiggerPockets Events
- GoodReads
- Jo Nesbo
- Camilla Läckberg
- BiggerPockets Bookstore
Check the full show notes on BiggerPockets: http://biggerpockets.com/show354
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
“Trading up” to successfully retire financially free at 40!
On today’s show, Brandon and David interview retired real estate broker Tim Rhode, who explains how he was able to buy great deals and 1031 exchange them into financial freedom!
Tim shares some fantastic advice on playing great financial defense to achieve an early retirement, crushing it in real estate sales, and locking up deals during his first conversation with sellers.
Tim also shares how knowing his market led to him making hundreds of thousands buying land in the path of progress, how to build a “fulfillment triangle," and how he recognized the market turning in 2006 and cashed out before losing money.
Tim has a huge heart, is committed to helping others get out of the rat race, and shares some incredible advice on how to do so. Make sure you listen for his description of the several levels of financial freedom and his belief that those who make it to the top of the mountain should throw down the rope for the rest still climbing. Download this one today!
In This Episode We Cover:
- Levels of risk tolerance
- Delegating things you're not good at
- How he got into real estate sales
- Playing great "defense"
- Not caring about what others think
- How he invested everything left over that he didn’t spend
- How he bought his first property—a triple wide mobile home—for 50 cents on the dollar
- Using his influence as a broker to get great deals before they hit the market
- How he bought land in the path of progress
- How he exchanged several good deals by “trading up” into a triple net lease commercial property out of state
- His philosophy on timing markets
- His “fulfillment triangle”
- The power of the 1031 exchange
- Which houses he flipped and which he kept
- How he retired at 40 years old
- The multiple levels of financial freedom
- The financial freedom principles he teaches in his non-profit
- Where he believes we are in the current market cycle
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast 326: Health, (Big) Wealth, and Total Accountability With David Osborn, Pat Hiban, Tim Rhode (and Josh!)
- Firestarter BiggerPockets
- Wayne Dyer
- Tom Hopkins
- Zig Ziglar
- BiggerPockets Bookstore
- GoBundance
- BiggerPockets Pro
- Email Us: podcast@biggerpockets.com
Check the full show notes on BiggerPockets: http://biggerpockets.com/show353
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Prefer to listen, rather than read?
Here's a sample of the audio format of "The House Hacking Strategy: How to Use Your Home to Achieve Financial Freedom," by BiggerPockets' own Craig Curelop.
In it, you'll hear:
- An overview of the "unfair advantages" house hacking offers
- A breakdown of varying house hacking techniques
- A real-life case study illustrating the above
You can find the full audiobook here bit.ly/househackaudible.
And don't forget, Audible is running a special deal for BiggerPockets Real Estate Podcast listeners!
If you're not yet a member, go to http://www.audibletrial.com/biggerpockets to get a free Audible book and a free 1-month subscription.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Eighteen doors by 29 years old by never taking no for an answer! We realize there are a lot of inspirational investors out there, but on today’s show, you’re going to be blown away by one of the best.
Brandon and David sit down with Diego Corzo, a “DREAMer” who moved to the United States with his family at a young age. Fast forward a few years, and Diego jumped headfirst into real estate investing, using house hacking strategies that will work for anyone.
You will be blown away by Diego’s story of how he rode a bike (with his suit in a backpack to avoid getting it sweaty) when he couldn’t get a driver’s license, how he got on the fast track to becoming a millionaire, and how he overcame a speech impediment, going on to give a TED talk!
You will love his fantastic advice on what to look for in a house hack property, which areas to look when investing, and how to target the perfect tenant market. You’ll also appreciate his thoughts on avoiding drama between roommates, vetting turnkey companies, and structuring partnerships. Diego goes on to share some solid info about why he prefers “B” neighborhoods over “C” and why doing your own math is so important when analyzing deals.
This guest is truly an incredible person with an incredible story—not to mention some pretty fantastic investing advice.
Don’t miss out! Download this episode today, and make sure you're subscribed to the BiggerPockets Real Estate Podcast so you won't miss the next one!
In This Episode We Cover:
- How Diego owned 18 doors by 29
- How he overcame not having a driver's license
- What adversity can teach you
- How he got on the fast track to becoming a millionaire
- How he overcame his stutter to go on to do a TED talk
- How he invests out of state
- What he looks for in a home to house hack
- How he bought his first property
- How he bought a property with his father
- Why he prefers “B”-class properties over “C”-class properties
- How he vets turnkey companies
- Why doing your own math is so important
- What he looks for in someone he can trust
- What he recommends in terms of choosing an area
- His advice for structuring partnerships
- How he recommends avoiding drama with roommates in a home
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Brandon's Instagram
- David's Instagram
- DACA
- BiggerPockets Youtube Channel
- GoBundance
- BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn
- BiggerPockets Podcast 190: Building 61 Different Passive Streams of Income with Pat Hiban
- BiggerPockets Podcast 318: 100 Units in the First 2 Years (Using Bank Financing!) with Collin Schwartz
- BiggerPockets Business Podcast
- Loom
- BiggerPockets Conference
Check the full show notes here: http://biggerpockets.com/show352
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
All the BiggerPockets podcast hosts on stage in one place!
This bonus episode was recorded at the BiggerPockets Conference 2019 on October 7th in front of a live audience of more than 1,000 people at the Gaylord Opryland Resort in Nashville, Tenn.
We turned the mics over to our members, who fired a bunch of great questions at Scott Trench and Mindy Jensen, Brandon Turner and David Greene, Joshua Dorkin, and J and Carol Scott.
Our panelists covered some nitty gritty real estate topics, like tackling vacancy and how to invest IRA funds, as well as big-picture concepts like motivation, marketing, and teaching family members the importance of investing at an early age.
Also, everyone reveals which animal they would be if they had to choose, and a member of the audience challenges David Greene to produce an analogy on the spot. Listen to find out whether he performed under pressure!
Our first conference in seven years was a big success, and we’re so thankful to everyone who came out to learn, network, and have a great time.
Download this bonus episode, and be sure to subscribe to all three shows BiggerPockets Real Estate Podcast, BiggerPockets Money Podcast, and BiggerPockets Business Podcast so you won't miss an episode.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Stop whatever you are doing and download this episode right now!
Today’s show is highly likely to change your life in ways you may not have even realized it needed changing! Brandon and David sit down for an amazing interview with Ryan Holiday, keynote speaker and bestselling author of Ego Is the Enemy, The Obstacle Is the Way, and Stillness Is the Key.
And Ryan does not disappoint! You will be blown away with his advice regarding how we talk ourselves into buying deals we know we shouldn’t, how he conducts cost/benefit analysis on different opportunities that come his way, and how he’s learned to avoid “success” when it will cost him more than it’s worth.
Ryan also shares some mind-blowing knowledge about why we make bad decisions; why working harder isn’t always better; and how to identify virtues or skills you are lacking in a given situation, so you can figure out the path to the result you want. In addition, he shares how he models himself after the best and brightest minds he knows, how he believes in the power of journaling, and how important it is to put your strongest energy into the pursuits that will yield the highest ROI.
This show is simply an incredible breakdown on human performance, goal setting/reaching, and using real estate to accomplish what really matters in life.
Download this one today and buckle your seat belt!
In This Episode We Cover:
- How to let your individual trials help you grow by how you respond
- How to recognize why you made bad decisions
- How to avoid worse decisions
- Why he invests in short-term rentals
- What he means by “stillness is the key”
- How to become something better
- Why “working harder” isn’t always the best answer
- How success can actually become a trap for us
- How our best ideas can come from time away to think
- How to model ourselves after the best, brightest, and most successful minds
- Why he believes so much about the power of journaling
- How to create routines that free your mind to reach new heights
- How to put your energy into efforts that lead to a better ROI on your time
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Audible Trial
- BiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal Newport
- American Apparel
- BiggerPockets Youtube Channel
- BiggerPockets Instagram
- Brandon's Instagram
- David's Instagram
Listen on BiggerPockets: http://biggerpockets.com/show351
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Ever wanted to break into real estate but just weren’t sure how to take that first step? You're not alone!
Almost all investors struggled with their first deal. But today’s guest may be just what you needed to get your foot in the door! On today’s show, Brandon and David dive deep into the mind of Craig Curelop, the author of BiggerPockets Publishing's new book The House Hacking Strategy.
Craig shares some incredible advice on how he eliminated his living expenses and earned as much as one could from a full-time job through house hacking—all by age 26! Craig breaks down just how simply you can get your first property with less than 5 percent down and turn it into a wealth-building machine that will help you achieve a “return on your potential” you may not have realized you’re currently lacking.
You’ll learn what to look for in a house hack, how to find the “path of progress” to start your search, and which straightforward criteria we can all use when searching for deals. You’ll also hear how to make “hedonic adaptation” work for you, how to exchange comfortability for profitability, and how to decide which property would work best for your specific situation.
We ALL want to own more real estate, and we all need somewhere to live. On today’s show, you’ll learn how to combine those two needs to build wealth and save money at the same time.
Download this one today!
In This Episode We Cover:
- Why he left Silicon Valley to build wealth through real estate
- How he bought his first house hack
- Why house hacking is so effective for establishing financial freedom
- His scale of comfortability vs. profitability
- Who should house hack
- Why expensive markets are the best places to build wealth through real estate
- The importance of solid metrics in a potential house hack
- How he gets in front of the “path of progress” to maximize returns
- How to take advantage of low down payment options to snag properties that earn income
- How house hacking allows you to find the “return on your potential”
- How to make “hedonic adaptation” work for you, not against you
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast 252: House Hacking (Your First Deal) & Life Hacking with Craig Curelop
- BiggerPockets Podcast 014 : Cash Flow, Creative Finance, and Life with Ben Leybovich
- Zillow
- Xero Accounting Software
You can listen on BiggerPockets here: http://biggerpockets.com/show350
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Apartment flipping from one of the best in the biz!
On today’s show, Brandon and David sit down with Nathan Tabor, a well-known multifamily investor who has done 26 multifamily flips in less than 10 years! You will love this informational and oftentimes hilarious episode, where Nathan shares some fantastic advice on how to flip apartments for big returns, what to look for in a deal, and which five incredible pieces of due diligence every investor needs to know.
You’ll also love his straightforward direction regarding questions to ask the county zoning department, great advice for raising money, and some mind-blowing insight into who actually owns fire hydrants!
This show is a very fun listen with tons of talk about dealing with rejection, finding the niche that’s perfect for you, and applying information you already know. Nathan's story is sure to change your mindset and confidence when it comes to taking action in your life. Make sure you listen today!
In This Episode We Cover:
- How title insurance works
- How to check with the zoning department to make sure you don’t get burned
- How to file a claim for title insurance
- His fantastic advice for due diligence checklists
- His advice for finding your niche
- The benefits of niching down
- How to find your passion and inner focus
- How to handle the fear of rejection
- The key to applying information you have in your life already
- How to flip an apartment or apartment complex
- Advice for raising money
- How to understand what a cap rate is
- Why multifamily may be less risky than single family
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Brandon's Instagram
- David's Instagram
- BiggerPockets Signup
- Joe Fairless Denver Conference
- Loopnet
- BiggerPockets Podcast 345: “Vivid Visions” and 90-Day Sprints—Brandon’s Approach to Mobile Home Park Investing (and Life!)
- Up Movie
- Google Business Template
- Apartments.com
- Forrent.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today’s guest is proof rental property investing can be fun, rewarding, and—with the right systems in place—totally doable… even with a job and a family.
Ashley Kehr sits down with Brandon and David and shares some great advice for building a rental property portfolio without much hassle or headache! Ashley manages all her own rentals and discusses the top three apps she uses to do it with ease. She also shares how she structures her partnerships, how she pitches her deals, and how she’s finding deals in today’s hot market.
Ashley gives great advice for what most newbies get wrong about investing, which apps she uses to find off-market property owner info, and how she uses her children to help her find potential deals! Plus, you won’t want to miss how Ashley helped her sister buy a duplex (and spend just $45 a month to live there), as well as how she bought a property no one else wanted, pulled $6,000 more out of it than she put in, and created a cash flow of almost $1,000 a month!
Today’s show is fun, entertaining, and full of great advice for investors of all levels. Download this one today!
In This Episode We Cover:
- 3 apps Ashley uses to remove herself from the business
- How she uses technology to systemize her rural business
- How she structured her first partnerships (with ease!)
- Where she's finding deals
- How she used her current job and boss to get into investing
- What newbies get wrong about the reality of investing
- How she uses apps to find off-market deals
- Using her children to find deals while driving in the car (a fun family game!)
- How she helped her sister buy a duplex at 20 years old
- How she bought a property for each of her kids
- How she set it up to be paid off and refi-ed by college
- How she uses a commercial line of credit to borrow money to buy new properties
- How she finds properties on the MLS
- Why she always tells everyone she buys rental properties
- What her favorite parts of the business are
- How she bought a property no one else wanted for $35K, pulled out $6K more than she put in, and cash flows almost $1K/month
- And SO much more!
Links from the Show
- BiggerPockets Conference (Last Chance!)
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Instagram
- BiggerPockets Twitter Profile
- BiggerPockets Pro
- Buildium
- AppFolio
- One Drive
- Google Drive
- Google Voice
- Everlance
- Landglide
- OnX Maps
- Zillow
- BiggerPockets Podcast 346: 34 Units & 6-Figure Wholesale Fees (at 20 Years Old!) with Josiah Pott
- BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock
- Brandon's Instagram
- David's Instagram
Check the full show notes here: http://biggerpockets.com/show348
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s show, a married couple who scaled to 5,000 units together!
Brandon and David interview Mark and Tamiel Kenney, a husband and wife team who buy large apartment complexes through the power of syndication. This mighty couple shares some great insight into how to find the right partner, how to set expectations with your agent (or team member) in the beginning, and how coming up with strict criteria helped them overcome their fear of getting started.
You’ll love their advice on what they learned in the first 12 months to help them land their first deal, how they split profits with investors, and which are the most important fundamentals for any multifamily investor to learn. You DO NOT want to miss their advice on following up after meeting with brokers or investors. Plus, they reveal the most common trait successful syndicators share.
Mark and Tamiel go on to share how they’ve struggled with—and overcome—the difficulties of balancing a demanding business while still carving out valuable family time.
Don’t miss this episode, and subscribe to the BiggerPockets Real Estate Podcast so you won’t miss the next!
In This Episode We Cover:
-
What to look for in partners
-
How to have conversations with brokers and managers to set expectations
-
What they learned in their first year that allowed them to land their first big deal
- The importance of strict criteria
- Mistakes they made that prevented them from being successful
- How they find deals their investors will want to invest in
-
How to provide clarity to help investors feel comfortable moving forward
-
How to use social media to build your database of partners, investors, and brokers
-
Advice for standing out from other buyers when interacting with brokers
-
How they split up the various tasks of their business
-
How a typical syndication split looks in their deals
-
What success looks like in their family and business
-
Why learning the fundamentals is more important than complicating your business
- And SO much more!
Links from the Show:
BiggerPockets Forums
BiggerPockets Webinar
Monkeypod Kitchen
Pacific North West Real Estate Wealth Expo
BiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber
Zillow
Brandon's Instagram
Josh's Instagram
Click here to listen on Biggerpockets: https://www.biggerpockets.com/show347
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Attention: this is a must-listen show! Whatever you’re doing, stop and download today’s episode!
Brandon and David sit down with Josiah Pott, a real estate investor/wholesaler who is doing six-figure deals at 20 years old, using nothing but old fashioned cold calling. Josiah shares just how he puts houses under contract and wholesales them for big profits—then converts that money into cash-flowing rental property.
You will love hearing how he found his first mentor (and got paid $20K to do so), why he dropped out of college to invest in real estate, and what his five tools are for finding off-market property owner info. You’ll also love hearing how the power of compound interest changed his life, how he uses a calendar to manage his lead follow-up, and how he handles questions regarding his young age.
Josiah has done several deals where he’s made well over six figures and will tell you exactly how he did so.
Don’t miss out on this game-changing info. Download this show today!
In This Episode We Cover:
- His five tools for finding off-market property owner info
- How he wholesales and turns that into rentals
- Why he won’t miss out on seller financing in the future
- Why he wants things to be “hard”
- How he found a mentor (and got paid $20K by them)
- Why he dropped out of college to invest in real estate
- How the power of compound interest changed his life, mindset, and approach to building wealth
- How he’s accumulated a very impressive portfolio at 20 years old
- Why he uses cold calling to build wealth
- How he made $127K on one deal
- How he made $355K on a deal with his partner
- How he organizes his business so he doesn’t lose deals
- Why he keeps a personal touch in his business
- How he handles questions about his young age
- How he and his wife work together on their business
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Brandon's Instagram
- David's Instagram
- Podio
- PipeDrive
- Trello
Check the full show notes here: http://biggerpockets.com/show346
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today, Brandon Turner’s on the other side of the microphone.
J and Carol Scott, co-hosts of the BiggerPockets Business Podcast, recently interviewed him… and the result was so epic we wanted to share it here, too!
In this episode, Brandon reveals why he chose mobile home park investing (hint: NOT necessarily because it’s the “best” investment) and describes the method his team used to get hundreds of pads under contract in just a few months. (It's an approach YOU can apply using the new BiggerPockets Intention Journal.)
But this show is about much more than real estate. It’s about avoiding that all-too-common pitfall where you set an ambitious goal only to see it buried under an avalanche of more urgent (but less important) responsibilities.
Brandon shares the tools he’s used to break that cycle and how he’s applied them to other challenges—like moving to Hawaii, improving his personal health, and spending more meaningful time with his family.
You’ll hear how Brandon’s first business venture failed, how he got into real estate investing for cash flow, and how he discovered a way to bring BIG value to BiggerPockets as Employee #2, despite not owning a computer the year before! Oh, and you’ll learn the meaning of “M.I.N.S.” and the role they play in moving your business forward (ESPECIALLY when the going gets tough).
Brandon also shares why writing out a “vivid vision” of your future might be the best thing you can do to move yourself closer to your ideal life; why he asks, “What would be awesome?” and then works backwards; and why he and his wife organize a goal-setting retreat together on the same day every year.
This is an amazing episode that lays out a battle plan for getting WAY more done while setting aside quality time for friends, family, and fun.
Download this one, and subscribe using your favorite podcast app so you won’t miss any future shows!
In This Episode We Cover:
- Brandon's mobile oil change business plan (that he didn't execute on)
- How he flipped a house and spent all the money
- Brandon's very first house hack
- How he “got into the business of collecting units” and quit his job
- How a cold email led to him working for BiggerPockets
- The strategy he used to write 50 blog posts in a year for BiggerPockets
- Brandon's thoughts on the path to 100 units
- Why you should ask yourself, “What would be awesome?”
- How to ask, “What if it was easy?” and work backwards toward your goal
- How to balance family life and health with business
- Why he chose mobile home park investing (hint: not because it’s the “best” asset)
- How to "have it all" (as long as you’re focused and tracking everything)
- Tips for setting goals as a couple
- How to identify the “Most Important Next Step” (M.I.N.S.) and then time block it
- The 90 Days of Intention Journal
- The importance of writing down goals every day
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Brandon's Instagram
- David's Instagram
- BiggerPockets Business Podcast
- Smart Passive Income Blog
- Viper Chill
- Neil Patel
- GraphicRiver.net
- BiggerPockets Podcast 230: Real Estate Investing as a Side Hustle with Grammy-Winning Producer Seth Mosley
- Music and Money Investor Group
- "Heartbeat" Music Video
- Brandon's Vivid Vision (photo)
- Tim Ferriss Show
- Full Circle Music
- BiggerPockets Podcast
- Josh Dorkin
- J Scott's Blog
- BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock
- BiggerPockets Money Podcast
- Mindy Jensen
- Scott Trench
- David Greene
- Real Estate In Your Twenties
- BiggerPockets Bookstore
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Over 25 seller financed deals in a few short years! Today’s guest, former service member (and diamond pushup world record holder) Gabriel Hamel, sits down with Brandon and David to share how he built a portfolio of over 140 units (in an expensive market) using creative methods and seller financing to make deals where other investors miss them!
Gabriel shares how he started investing in a tough market and used sub-prime lending (successfully) to house hack his first few properties. He gives some awesome advice on approaching sellers with seller financing proposals, structuring the offers, and showing them how it’s a win-win. He also gives great advice on finding gentrifying markets, walking away from closings with money in his pocket, and applying a mindset to real estate investing that helps him succeed in all aspects of life! Gabriel has very practical, down-to-earth, useful advice and shares it willingly.
This is an episode for both newbies and experienced investors to download today!
Listen to the full episode here: http://biggerpockets.com/show344
In This Episode We Cover:
- Started with sub-prime lending and it worked out
- House hacked his first and second home
- Owns 140 units now
- How he got started buying properties in a scary market from 2009-2012
- Why he began with seller financing
- How he found his first off-market deals
- Seller financing wizardry
- What he looks for in improving neighborhoods
- How he’s been able to walk away with cash at closing—better than no money
- Why he focuses more on terms than just price
- His advice for having a success mindset in ALL areas of life
- What he looks for in a deal
- How he scaled to over 100 units
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Youtube Channel
- Brandon's Instagram
- David's Instagram
- Want to host your own BiggerPockets podcast? Pitch us!
- GoBundance
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Want to build a cash flowing portfolio while working a full time job?
Today’s guest did just that! Steve Rosenberg shares his incredible story of how he built a huge property management company (along with several cash flowing rental properties) while working as an airline pilot and travelling the country! Steve has a genuine, straight forward style and shares what he did wrong buying real estate, where he learned what his strengths are, and how he and his partner resurrected a dying business. Steve also shares how he learned why systems are so important, how he learned to build them, and which systems he uses in his own business to save time, make money, and scale! Steve shares some of the most painful lessons he learned through failure so you don’t have to learn them yourself.
This is an episode you definitely want to download today!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
From buying duplexes to a self-storage empire! Today’s guest Kris Benson sits down with Brandon and David to talk about his remarkable journey across all kinds of different real estate asset classes.
Kris began with a successful sales career and explains why he transitioned into owning real estate instead. You’ll love Kris’s story about how he built a 64-unit apartment complex (in a cornfield), how he found partners to bring the project to life, and how it all started with one phone call! He also shares why he now invests in self-storage, how he evaluates properties, and why he believes this asset is recession-proof!
Kris provides great advice for raising money and finding your niche, and explains his theory that “deals create deals” as he walks through his journey. This is a fantastic show full of great content.
Download today!
In This Episode We Cover:
- Why he transitioned out of a successful sales career
- How he got started with a duplex and built up to a large commercial real estate portfolio
- How he acquired 20 small multifamily units—and hated it
- How he built a 64-unit apartment complex from the ground up
- How he got involved in a condo syndication project
- How he began finding the right partners to build multifamily projects with
- His theory on “deals create deals”
- Why he now invests in self-storage
- Where to find data on self-storage and REIT’s
- Why he believes self-storage is recession-proof
- How the best opportunities in his life have come from cold calls to property owners or friends
- How he learned his skillset and why he sticks to it
- His advice for raising money from others
- And SO much more!
Links from the Show:
- BiggerPockets Forums
- Kris's first BiggerPockets Forums Post
- BiggerPockets Store
- BiggerPockets Shirts
- Mindy's BiggerPockets Profile
- BiggerPockets Money Podcast
- Buck Construction
- Apartments.com
- City Point Capital
- BiggerPockets Podcast 227: From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless
- UpWork
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Real estate flipper, broker, contractor, and more!
Today’s guest, Jared Holland, is doing 30 deals a year and profiting from all different phases of a flip-and he shares exactly how he does it! Today’s show gets into the nitty gritty of Jared’s business and how he grow from one wholesale deal to running an entire business in a short period of time. You’ll love Jared’s advise on using a multitude of methods to find deals, how he handled the transition of going from employee in his business to manager of his business, and how he got his first deal from a hedge fund! You’ll also find some fantastic advice about finding the right mindset in an employee/partner, how to find deals if you have no money, and why you should NEVER assume the person you’re talking to doesn’t want to work with you. Jared gives some great advice on why taking big action matters, as well as how to decide which actions you should start with.
If you’re looking to level up your investing, or take your business from successful to great, download this one today!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Would you be interested in taking your retirement account and turning it into 22 cash flowing rental properties? What about doing it with someone else’s capital? Today’s guest did just that!
Whitney Hutten shares her incredible story of how she built a rental property empire off of a 401k account by leveraging the power of a team! You’ll love how she made 50k on one of her first deals (without paying a dime of the mortgage herself) and how she used Brandon Turners method known as “the stack” to keep building! She also shares how she got her start in turnkey houses and moved along a spectrum to get to fixer-upper BRRRR’s, how she bought 10 houses her first year, and why she invests out of state. Whitney goes DEEP sharing which parts of town she invests in, why she invests near hospitals, and how she netted a 30% ROI on a BRRRR gone wrong!
You do not want to miss this inspirational story of how an “average Jane” accomplished extraordinary results through real estate-including how she fixed a bus falling on one of her houses and survived a racoon infestation on another!
This show is hilarious, insightful, and content packed. Download today!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Over 20 years' experience in mobile home park mastery! On today’s show, Brandon and David interview Frank Rolfe, an experienced mobile home park investor with TONS of great advice to share—and share he does! You won’t want to miss Frank’s incredible tips for using seller financing to buy parks, staying low risk while scaling, and the beauty of owning “small cities”! He also gives fantastic advice for making “stakeholders” out of tenants, describes what the perfect mobile home park setup looks like, and discusses how to find pocket listings no one else is seeing. Frank goes on to share the incredible story of how he bought a mobile home park with a wrestling ring in the back and how he sold it for a $1 million profit seven years later! In addition, he talks about his strategy for finding the perfect resident manager and insuring yourself against embezzlement from your management team. This is one of the most information-packed shows we’ve ever done in the MHP space, and you’ll be blown away by the amount of content here. Download it today! In This Episode We Cover: How Frank uses seller financing to buy deals he never could with a bank How he stays low risk while scaling How he got started with a billboard business How he owns “small cities” The key to doing seller financing correctly How he rents to “stakeholders” not just tenants What the perfect mobile home park setup looks like Why he loves mobile homes (aka "the gem" of real estate) Why mom and pop-type owners love mobile home parks How the average park can be bought and rents doubled year one The win-win opportunity mobile home parks provide for tenants and owners The mistakes he made on his first deal and how he learned to avoid it The No. 1 thing to look for when buying a park His strategy for finding pocket listings from brokers The 5 ways he finds parks to buy And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Business Podcast BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock 21st Mortgage
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
From waiting tables to scaling up to 250 units! Today’s show is going to blow your mind.
Brandon and David sit down with James Dainard, a real estate investor in the Seattle area, who is using his broad knowledge of real estate investing to do some big things! James shares how he got started door-knocking for someone else’s company to learn the business—and things took off from there!
He also shares how he’s finding 60 percent of his deals from the MLS, how he uses local zoning knowledge to find opportunities others are missing, and how he made over a million dollars off an MLS flip! James has some GREAT strategies he uses, including combining flipping, wholesaling, and BRRRRing; improving the return on his equity; and “inventing returns." You’ll also be blown away at how he created a 60-room rental (!!!) property that earns over $9K a month and how he saves money on maintenance and property management by running it all in-house.
James is a smart, humble, and experienced investor doing some very impressive stuff. Download this one today!
In This Episode We Cover:
- How he got started door-knocking for someone else’s company
- Story behind his first deal
- How he bought a 60-room house How he got to over 200 units all single-family
- Combining wholesaling, flipping, and BRRRR
- What he looks for in an area and using zoning knowledge to find opportunity
- Profiting $1 million on a flip he found on the MLS
- About his apartment complex that was on the market for 200+ days
- How he uses flips to fund his rentals Getting 60% of his deals off the MLS
- How he calculates the return on his equity
- Why he hires people in-house to manage properties and do maintenance
- How he BRRRRed a deal with no money left in that cash flowed $2K a month
- His unique method for “inventing” returns And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Premium
- Forum Thread about BiggerPockets Premium
- BiggerPockets Youtube Page
- BiggerPockets Podcast 302: Making $100k/Deal Using Other People’s Money, Time & Experience with Cory Nemoto
- Brandon's Instagram
- David's Instagram
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Want to learn from two guys who have weathered several real estate market cycles and come out on top? You’re in the right place!
In this episode, Brandon and David sit down with Russell Gray and Robert Helms, longtime hosts of the Real Estate Radio Guys program. In this wide-ranging discussion, Russell and Robert cover a TON of subjects, from house hacking to investing in overseas resorts. The guys share the lessons they learned from the 2008 crash (hint: don’t rely too heavily on credit) and explain how they’re preparing for the next one. They break down how multifamily investing is just like running a business, and why hiring an assistant is the most important first step when scaling up.
Russell and Robert also tell us why having an A-student mentality can hinder new investors (and make them a target for gurus), and why you don’t need to know every step in order to just get started. You’ll learn why Robert is about to make his 137th trip to Belize, why he and Russell stopped investing in Mexico and Australia, and why you should design your own personal investment philosophy, too.
If you’re a big-picture thinker interested in using the tax code to your advantage and staying on top of market cycles, this show will blow your mind. Listen here or on your favorite podcast app, rate and review us, and subscribe so you won’t miss the next one!
In This Episode We Cover:
- How these guys inspired Brandon
- What an entrepreneur does
- How gurus take advantage of hungry new investors
- How they are preparing for the next real estate downturn
- Their strategy for building big wealth in other countries
- How they learned the lesson about needing sufficient reserves the hard way
- What to do when available credit goes away
- Why they invest in resorts Where we are in the market cycle
- Why they are locking in long-term debt right now What they learned from the 2008 crash How to prepare and win for the next downturn
- What an opportunity zone is and how to use them
- Why they study global economics
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Real Estate Podcast Robert Kiyosaki
- BiggerPockets Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy
- Peak Prosperity
- Brandon's Instagram
- David's Instagram
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Location, location, location! On today’s show, Brandon and David sit down with Robert Jones, a real estate agent and investor in Colorado, who has built a cash-flowing portfolio with millions of dollars in equity in an expensive market.
Robert will blow you away with his knowledge on making deals work (even through the MLS) and choosing what to buy. You won’t want to miss his advice on buying properties with super low down payments, targeting ideal locations that attract ideal talents, and using agents to do the work of finding deals. You’ll also love his tips for creating systems so he can travel while making money and identifying the qualities of a good agent.
Robert is extremely humble for having such massive success, and he shares his whole playbook for how he built a portfolio of 26 units worth millions before the age of 35. DO NOT miss this one. Download today!
In This Episode We Cover:
- Turning primary residences into rental properties
- What are capital gains
- Should you rent or sell your house?
- Moving to a new house every year
- Taking 3 months off while having a real estate business
- Real estate to fund your life
- Being an agent or not
- How "The Stack" works
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- GoBundance
- Audible
- Federal Housing Finance Agency
- BiggerPockets Podcast 280: The Key to Making Great Deals (Hint: Overlooked Properties!) with Mark Hentemann (Writer for TV’s Family Guy!)
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
A whopping 73 units a year without negotiating your own deals! Today’s guest Ryan Dossey breaks down his business and shares how he built a deal-finding pipeline he runs without doing the work!
Ryan gives great insight into how he finds deals directly from sellers, has team members meet with and close deals, then decides if he wants to keep them or wholesale them. If you’ve ever been interested in how to build systems to get your time back, this is a show for you. You won’t want to miss how Ryan used BiggerPockets to start and grow his business, how he began wholesaling, and how he uses NONE of his own money. You’ll also love hearing how Ryan made $10K in four hours on his first deal and how he built a conveyor belt to close deals while he’s out of the country. Plus, he gives investors AMAZING advice on approaching a mentor the right way!
Ryan is a great example of how to use BiggerPockets to grow your wealth and portfolio, and he shares some powerful tips about how you can do the same. Download this one today!
In This Episode We Cover:
- How Ryan got into real estate in spite of never graduating high school
- How he learned to see the world from a different perspective than everyone else
- Why he markets directly to sellers
- How he used BiggerPockets to build several different businesses
- How he got his first wholesale deal (and made $10K in four hours doing so)
- Why he went full time into RE and how he knew it was the right time to do it
- How he chooses his markets
- What no one tells you about the RIGHT way to approach a potential mentor
- How he built a conveyor belt to close deals while he’s out of the country
- Why he invests in multifamily
- The No. 1 thing a newbie needs to know to get started wholesaling
- Why focusing on one task is key to being successful faster
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- GoBundance
- BiggerPockets Airbnb Calculator
- BiggerPockets Podcast 068: Being a Superhero House Flipper, Investor, and Team Leader with Mark Ferguson
- InvestFourMore
- Podio
- Deal Machine (App)
- CallPorter
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Self-storage with OPM! Today’s guest Ben Lapidus sits down and spills the beans on his strategies for buying self-storage units and running an investment fund with other people’s money. Ben has some really great advice for those who want to get started in self-storage, including how he got started getting 25% of other people’s deals, why he jumped from single family into commercial opportunities, and how he mitigates risk in the self storage space. You also won’t want to miss what he shares regarding how he picks a market, his criteria for buying a deal, and where he recommends brand new self storage investors get their start (hint-it’s all about size). If you want to have your mind blown, you CAN’T miss his technique for seller financing negotiating where he improves his terms by saving the seller’s money on their taxes-brilliant! This episode is completely full of high energy, content packed, practical advice for getting into commercial opportunities with other people’s money and we guarantee you will learn a TON. Download today and buckle your seat belt! In This Episode We Cover: How Ben found real estate after finding success in other business ventures Starting off investing with partners and getting 25% of the deal with none of the risk or capital Why he jumped from SFR to apartments What he learned buying an awful property on his first deal How he put together his first syndication Why he invests in self storage How he found opportunities while looking for something else How he focuses on his strengths and finds partners to handle his weaknesses How he finds deals in today’s market His criteria for what he needs to see in a market How he mitigates risk when buying self storage Why he looks for “expansion potential” How he finances his deals, the strategy he recommends for newer self storage buyers to look into His BRILLIANT tax saving strategy he uses to save thousands of dollars on seller financing opportunities The one thing he think should be taught in school that isn’t How he recommends people improve their people skills and forming connections And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Premium Best Ever Conference BiggerPockets Podcast 227: From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ Osborne
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Commercial real estate like you’ve never heard it before!
On today’s episode, Brandon and David sit down with Ken Wimberly, the owner of a Keller Williams commercial brokerage and a commercial investor himself. Ken shares some incredible tips on how to get into owning commercial property, including how to find quality tenants, how to structure the lease, and how to protect yourself from a changing market.
He also provides great advice on building relationships and identifying who NOT to partner with. Ken goes on to talk about how he went from working in a pizza restaurant to cashing his first check for 50K as a broker—with absolutely no training program! He shares some incredible advice for opening a laundromat, making huge returns, and successfully investing in other people’s deals, too.
If you’ve ever been interested in how to do big deals without big headaches, this episode is for you!
In This Episode We Cover:
- How he builds relationships
- How he learned the commercial business sitting across from a mentor and listening
- How he buys laundromats Investing in commercial spaces
- Using OPM to buy land and selling a 5K investment for 150K
- How he earned a commission of $50K on a deal he couldn’t do
- How he chooses his business partners His morning routine
- What to look for in a potential partner to disqualify them
- How newbies should start off investing in commercial property
- How to balance investing with family time
- How he structures deals
- Tips on owning a business inside your commercial building
- How he invests in other people's deals
- And SO much more!
Links from the show:
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Commercial Lenders
- CBRE
- BiggerPockets Podcast 190: Building 61 Different Passive Streams of Income with Pat Hiban
- BiggerPockets Podcast 322: 3 Things Every Leader MUST Do to Scale with Ben Kinney
- Google Alerts
- GoBundance
- BiggerPockets Business Podcast
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Build a deal funnel to fuel your business and keep the leads coming!
On today’s show Brandon and David sit down with Adam Johnson and Brent Moreno, two wholesalers running a business that fuels their investment portfolio!
Adam and Brent share several key pieces that make their business go, like how they have built systems to reduce their workload, how they keep their pipeline full of leads, and how they use a “three foot rule” to make sure everyone knows how they can help them. You’ll also love how they recruit others to work in their business, how they use stories to hold people’s attention, and how they have leveraged an army of Uber drivers to find them deals!
These two guys have formed a great partnership, and share TONS of practical, meat-and-potatoes advice for how you can do the same. Their advice on “helping over haggling” alone is priceless! If you want to learn how to form the perfect partnership, how to build a portfolio off of a consistent pipeline of deals, AND how to wholesale those deals for profit, this is an episode you can’t miss!
In This Episode We Cover:
- How they got into wholesaling
- How their business is structured
- Why they love wholesaling more than anything else
- How they use systems to create success when they don’t feel like working
- What a perfect partnership should look like
- The funnel they have set up to find, capture, and follow up with distressed seller leads
- The three-foot rule
- How they use Uber drivers to find them deals
- How they are helpers not hagglers
- The number one thing a newbie needs to do well to start a wholesale business
- How to recruit others to bring you deals
- How to use stories to get others involved in helping your business
- How they believe there is no “box” to think outside of
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Youtube Channel
- BiggerPockets Money Podcast
- BiggerPockets Business Podcast
- Podio
- InvestorPO
- REIpro
- PropStream
- ListSource
- LeadSherpa
- David Goggins on Joe Rogan’s Podcast
- Gary Johnston
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Ten doors free and clear on a blue-collar salary—today’s guest shares exactly how she did just that!
Brandon and David sit down with Ashley Hamilton, who shares the incredible story of how she went from poverty to success through real estate investing with very little help or guidance.
Ashley shares her remarkable strategies for investing in a market where very few others could, how she used BiggerPockets to develop a system, and how she got the city of Detroit to offer her a deal to buy a property at $500! Ashley also shares how she buys cheap houses at auctions, how she finds banks to finance her rehabs, and how she uses keyword alerts in the BiggerPockets forums to snag deals before anyone else! And be sure to listen for Ashley’s “no milk for her cereal” strategy to overcome and succeed!
If you’re looking for an incredibly inspirational story that highlights how creativity and resiliency can pay off, you want to download this today.
In This Episode We Cover:
- How Ashley found a way to invest in a market when very few others could
- How she got the city of Detroit to call her and offer her a deal to buy for $500
- Getting to nearly a half a million dollars in equity in a few short years
- How she got started investing with nothing but BiggerPockets as a guide
- Finding the best part of the city to invest in
- Why she fix her rentals up to suburb quality even in low-income neighborhoods
- Building a portfolio of 10 doors free and clear
- The way she uses the BiggerPockets forums to help her make money
- Landlording like a boss
- Giving back to your tenants
- And SO much more!
Links from the Show:
- BiggerPockets Forums
- BiggerPockets Webinar
- Tarl Yarber's BiggerPockets Profile
- Dave Van Horn's BiggerPockets Profile
- Brie Schmidt's BiggerPockets Profile
- Joe Fairless' BiggerPockets Profile
- BiggerPockets Instagram
- Brandon's Instagram
- David's Instagram
- Rentometer
- Rich Dad Poor Dad Seminar
- GoBundance
- BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Incredible show alert! You don’t want to miss this one: Brandon and David sit down with bestselling author Cal Newport (who wrote So Good They Can’t Ignore You: Why Skills Trump Passion in the Quest for Work You Love, Deep Work: Rules for Focused Success in a Distracted World, and so on) to discuss just what makes high performers different than the rest.
Cal shares incredible insight based on his research as a professor at Georgetown University, including how boredom can serve a very useful purpose, how to improve your focus to master your craft, and how building “career capital” can open doors to the life you’ve always wanted.
Cal also shares life-changing advice on how starting the day in “monk mode” can supercharge your productivity, how to set better expectations with team members, and how to rebuild your digital life in 30 days.
This episode is so good you’ll feel guilty you didn’t have to pay. Download it today!
In This Episode We Cover:
- Cal’s story
- Improve your focus and remove distractions to increase productivity
- How to combine “deep work” with “shallow work” to stay mentally energized
- Building career capital you can then invest to build a better life
- What successful people do that unsuccessful people don’t
- How to set better expectations with team members
- How to start your day in “monk mode” and be insanely productive
- How to give your hours a job and make time work for you
- How to use boredom to recharge and motivate you
- His thoughts on social media and how it can rob you of time
- Taking the information you’re learning and letting it sink in
- Detox and rebuild your digital life in 30 days
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Pro
- BiggerPockets Calc
- BiggerPockets Podcast 329: Financial Freedom Before 30 Through Just 10 Deals With Felipe Mejia
- BiggerPockets Podcast 327: The “Buy, Rehab, Rent, Refinance, Repeat” Method Made Simple With David Greene
- Moment App
- Realtor.com
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- Lifeonaire by Steve Cook
- So Good They Can’t Ignore You by Cal Newport
- The 4-Hour Week by Timothy Ferriss
- Deep Work by Cal Newport
- Digital Minimalism by Cal Newport
- The Rise of Theodore Roosevelt by Edmund Morris
- Gates by Stephen Manes
Connect with Cal
- Cal’s Personal Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Financially independent before 30 years old! Today’s guest Felipe Mejiasits down with Brandon and David and shares the incredible story of how he scaled from a $3,000 mobile home to 10 units and financial independence!
Felipe has created a unique system that involves multi-unit properties, short-term rentals, and leveraging others to help run his business. The result? He is currently crushing it!
You don’t want to miss the insanely powerful “no-why principle” he’s used relentlessly to succeed whenever he’s told no. Felipe also discusses how he leveraged the job of communicating with his Airbnb guests to buy his time back, and how he took advantage of a construction boom in his hometown to service its workers. He also talks about how he lost 30 pounds after realizing he was in the wrong profession, and how he bought a mobile home for $3,000 and then later got paid $30,000 for it!
This episode is jam packed with fun, exciting content and practical advice for those looking to exit the rat race and achieve financial independence through creative strategies with real estate.
Download it today!
In This Episode We Cover:
- How he took his disappointment from missing out on a police career and turned it into RE investing success
- His “no-why principle”
- How he got his wife to buy into his vision
- How he took advantage of a booming construction industry to rent rooms out to builders
- His advice for pushing through being told no
- How he would listen to the BiggerPockets podcast in headphones while working in a construction job
- Real estate replacing his full time job before age 30
- Delegating the work of his various businesses
- How he lives for free in Nashville
- How he leverages out communicating with his Airbnb guests and loves it
- How he got paid $30,000 on a property he paid $3,000 for
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- PNW Real Estate Wealth Expo
- BiggerPockets Podcast 232: The Four Lead Sources Nathan Brooks is Using to Flip 120 Houses a Year
- BiggerPockets Podcast 238: Becoming a Real Estate Millionaire on a Teacher’s Salary with Michael “Swanny” Swan
- BiggerPockets Pro
- BiggerPockets Podcast 322: 3 Things Every Leader MUST Do to Scale with Ben Kinney
- BiggerPockets Bookstore
- PayNearMe
- BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman
- How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman
- The Founder | Netflix
- David’s Instagram
- Brandon’s Instagram
Books Mentioned in this Show
- Miracle Morning by Hal Elrod
- Rich Dad Poor Dad by Robert Kiyosaki
- Richest Man in Babylon by George S Clason
- Lifeonaire by Steve Cook
- Why the Rich Are Getting Richer by Robert Kiyosaki
Tweetable Topics:
- “Success is the other side of fear.” (Tweet This!)
- “People stop at no and don’t ask why.” (Tweet This!)
- “Do whatever works for you.” (Tweet This!)
- “My rentals feed my life, my flips feed my rentals.” (Tweet This!)
Connect with Felipe
- Felipe’s Company Website
- Felipe’s Instagram
- Felipe’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
If you’ve ever had an interest in turning your desire to invest in real estate into a well-oiled business machine, today’s episode is for you!
Chris McChesney, bestselling author of The 4 Disciplines of Execution, shares some mind-blowing strategies recognized worldwide for their ability to help followers achieve more success! Chris shares the difference between lead and lag activities, how to use the power of leverage to move your business forward, and how staying busy isn’t always in your best interest.
He also shares eye-opening insight into the way we use confirmation bias to avoid making progress, how to break major wars into smaller, winnable battles, and the secret of “tendency override.” Chris has developed an amazing system using four key strategies to improve your odds to succeed and has implemented them with companies like Coca-Cola, Comcast, The Ritz-Carlton, and more!
Don’t miss this episode chock full of actionable advice for improving your life, as well as your business!
In This Episode We Cover:
- The difference between lag and lead activities
- How to use the power of leverage to move your business forward
- How staying busy isn’t always in your best interest
- How to identify your most important goal
- The secret to losing weight—and how to apply it to real estate
- What most business owners do wrong
- How confirmation bias clouds your vision
- Learning the secret of “tendency override”
- Breaking major wars down into small battles
- How to keep your goals small to make sure you achieve them
- How to avoid giving in to self-victimization
- How to develop a scorecard to track your progress
- How to use accountability to stay on track
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Youtube Channel
- BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock (Podcast)
- My Body Tutor
- My Fitness Pal
- BiggerPockets Instagram
- Brandon’s Instagram
- David’s Instagram
Books Mentioned in this Show
- The 4 Disciplines of Execution by Chris McChesney
- Rich Dad Poor Dad by Robert Kiyosaki
- The ONE Thing by Gary Keller
- Essentialism by Greg McKeown
- Stephen R. Covey’s The 7 Habits of Highly Effective People
- The 12 Week Year by Brian P. Moran
- 90 Day Journal by Brandon Turner
- As a Man Thinketh by James Allen
- Built to Last by Jim Collins
- Good to Great by Jim Collins
Tweetable Topics:
- “The real enemy of execution is your day job.” (Tweet This!)
- “You can be busy all day long and not be a step closer to your goal.” (Tweet This!)
- “The most strategic work you do will feel like you’re wasting time.” (Tweet This!)
- “If we don’t track, we lie to our selves.” (Tweet This!)
- “Make and keep a promise to yourself.” (Tweet This!)
- “If you think the problem is out there, that very thought is your problem.” (Tweet This!)
Connect with Chris
- Chris McChesney’s Bio
- Chris McChesney’s Speaker Site
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today, we’re introducing the BiggerPockets Business Podcast, co-hosted by J and Carol Scott. Subscribe now using the links below; Episode 1 is up now! SUBSCRIBE ON APPLE PODCASTS (IPHONE): https://podcasts.apple.com/us/podcast/biggerpockets-business-podcast/id1460051721 SUBSCRIBE ON GOOGLE PODCASTS (ANDROID): https://www.google.com/podcasts?feed=aHR0cHM6Ly9icGJ1c2luZXNzLmxpYnN5bi5jb20vcnNz The BiggerPockets Real Estate Podcast will be back tomorrow, and we’ll be back to regular programming next week. Future episodes of BiggerPockets Business will drop on Tuesdays -- the day after the BiggerPockets Money Podcast. Oh, and go follow the BiggerPockets Business Podcast on Twitter @BPBusinessShow and Instagram @BiggerPockets!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In this special half-episode, David reads from Chapter 2 of the brand-new book he’s written on the BRRRR strategy. This particular passage goes to the heart of what makes BRRRR work: buying great deals. So how do you pull that off? In this chapter, David reveals: what he looks for when targeting properties, how to practice analyzing deals so you won’t be afraid to pull the trigger, and how to find team members and align their incentives with yours. Order “Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple” today at www.BiggerPockets.com/BRRRRbook. Physical copy, eBook, or audio version (read by a professional narrator) are all available. Or you can also get EVERY format if you order the Ultimate Package. That includes the exclusive eBook, “Long-Distance BRRR,” a bonus video on how to interview and hire a great contractor, and access to a live Q&A webinar with David. In the meantime, enjoy this bonus episode!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
It’s here—THE book on BRRRR! And who better to write it than the leading authority on this strategy: our co-host David Greene.
In this episode, he breaks down exactly how to “Buy, Rehab, Rent, Refinance, and Repeat” your way to wealth.
David reveals how BRRRR allows him to force equity, leverage the talents of others, and recycle his capital so he didn’t have to keep working 100-hour weeks as a police officer.
You’ll learn about the velocity of money, the “core four” players every BRRRR investor needs on his or her team, and the way to eliminate fear by taking a cold, hard look at the numbers.
David also explains how this strategy can reduce capital expenditures and how to come to the bargaining table with a cash offer that puts you in the driver’s seat.
He also addresses some common objections, including the notion that it’s difficult to influence the appraised value of your rehabbed property. Plus, you won’t want to miss the “Deal Deep Dive” where David goes into detail about one of his recent real-life BRRRR deals.
Whether you’re brand new to this method of investing or are looking to fine-tune your BRRRR skills, this episode will provide you with a ton of value. Still, we only cover part of what’s in David’s book, so check it out on the BiggerPockets Bookstore.
In This Episode We Cover:
- Who David is
- Defining and explaining BRRRR
- Discovering the main benefits to BRRRR
- How to increase your ROI
- Understanding what increasing the velocity of your money is
- Getting good at what you do
- How to decrease risk by building equity and pulling capital
- How to scale to financial freedom faster
- Ways to lower CapEx expenses
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- Dave Visaya’s BiggerPockets Profile
- BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene
- BiggerPockets Instagram
- BRRR Calculator
- BiggerPockets Bookstore
Books Mentioned in this Show
- Buy, Rehab, Rent, Refinance, Repeat (BRRRR) by David Greene
- Long-Distance Real Estate Investing by David Greene
- The Millionaire Real Estate Agent by Gary Keller
- So Good They Can’t Ignore You by Cal Newport
- Digital Minimalism by Cal Newport
Tweetable Topics:
- “Make money work for me.” (Tweet This!)
- “Repetition builds mastery.” (Tweet This!)
- “Operating from ignorance or inexperience is operating with a massive amount of risk.” (Tweet This!)
- “Down payment has nothing to do with risk.” (Tweet This!)
- “BRRRR investing is about gaining equity without losing capital.” (Tweet This!)
Connect with David
- David’s BiggerPockets Profile
- David’s Instagram
- David’s Facebook Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What does true wealth mean to you? Maybe it’s having control over your time or having the means to donate part of your income to charity. Maybe it means feeling healthy enough to jump out of bed and attack the day.
In today’s episode, Brandon, David, and Josh (remember him?) speak with three financially independent investors about what motivated each of them to work so hard toward their goals.
Early in their careers, David Osborn, Pat Hiban, and Tim Rhode realized they shared a common goal: to steadily accumulate streams of passive—or as they call it—“horizontal” income. So they got together and made a serious commitment, vowing to hold each other accountable every step of the way—even if it meant dishing out some tough love.
In this episode, you’ll learn how finding an accountability partner can change the trajectory of your career and life, and how giving time and money can not only make you feel better but also make you more wealthy. You’ll also learn how David, Pat, and Tim built dozens of streams of income by living below their means, connecting with the right people, and taking advantage of opportunities.
This is a must-listen if you’ve ever asked the question, “Why am I working so hard, anyway?” You’ll come away from this episode motivated to hold yourself and your loved ones accountable so you can reach your goals together.
Download it today!
In This Episode We Cover:
- The background of these founders
- The story behind the three amigos and the founding of GoBundance
- The Pillars of GoBundance
- Having a genuine contribution
- Having authentic relationships
- Having extreme accountability
- Having horizontal income
- Having age-defying health
- Having bucket list adventures
- How to reach your financial goal
- Finding motivation to earn and grow more
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- GoBundance
- BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn
- BiggerPockets Podcast 284: The “Miracle” Behind Becoming a Millionaire with Hal Elrod and David Osborn
- BiggerPockets Podcast 190: Building 61 Different Passive Streams of Income with Pat Hiban
- BiggerPockets Podcast 313: How to Be Happy AND Grow a Massive Business with Entrepreneur Jesse Itzler (and Josh!)
- 1 Life Fully Lived
Books Mentioned in this Show
- The Miracle Morning by Hal Elrod
- The 4-Hour Work Week by Timothy Ferriss
- Rich Dad, Poor Dad by Robert Kiyosaki
- 6 Steps to 7 Figures by Pat Hiban & Gary Keller
- Rich Dad’s Cashflow Quadrant by Robert Kiyosaki
- Retire Young Retire Rich by Robert Kiyosaki
- Richest Man in Babylon by George S. Clason
- How to Invest in Real Estate by Brandon Turner and Joshua Dorkin
- Think and Grow Rich by Napoleon Hill
- As a Man Thinketh by James Allen
- The E-Myth Revisited by Michael E. Gerber
Tweetable Topics:
- “How can I work as little as possible and keep making money?” (Tweet This!)
- “Spend your time doing the things that make you money and delegate the rest.” (Tweet This!)
- “Real estate is the everyday man’s way to wealth.” (Tweet This!)
- “My car is always secondhand.” (Tweet This!)
- “Set financial goals, not material ones!” (Tweet This!)
- “All the wins I’ve got in life have all came from me willing to be vulnerable.” (Tweet This!)
- “It’s weird because every successful person I’ve ever met spends more time thinking than doing anything else.” (Tweet This!)
- “You can’t build a successful business without health.” (Tweet This!)
- “A life without contribution is a life not worth living.” (Tweet This!)
- “Always be where you are.” (Tweet This!)
Connect with Pat, Tim, and David
- GoBundance
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Awesome show alert! Today’s guest is so full of information you will be blown away.
Aaron Amuchastegui sits down with Brandon and David and explains how he buys 20 deals a month while practicing principles of the four-hour workweek. It’s an incredible story about how he built a big business with foreclosures, how he keeps his pipeline full (including how he buys deals at auctions), how he does due diligence, and how he tracks down owners of vacant properties.
You won’t want to miss his advice on owning C- or D-level properties, how he uses flip profits to fund a business that acquires rentals, and—most importantly—how you can lose money in real estate even if you’re buying great deals.
This episode is full of more powerful insight than we can begin to mention. Aaron is a big-time real estate investor who has gone from rags to riches, to rags to riches again. Tune in to hear him share everything he learned along the way.
Download today!
In This Episode We Cover:
- How he got into real estate investing
- Buying at an auction
- The different types of auctions
- How to approach and talk to cash buyers
- The moral aspect of real estate
- How to do title research
- A big surprise after buying a sight-unseen house
- Bouncing back from losing everything he built
- Why he thinks flipping is a job
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- Kiawe Outdoor Instagram
- Kiawe Outdoor
- Brandon’s Instagram
- BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
- BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors
- Auction.com
- GoBundance
- Five Hour School Week
Books Mentioned in this Show
- The Miracle Morning by Hal Elrod
- The 4-Hour Work Week by Timothy Ferriss
- Rich Dad, Poor Dad by Robert Kiyosaki
Tweetable Topics:
- “There’s so many problems that you can solve in real estate.” (Tweet This!)
- “I make money 9/10 houses. I take a loss 1/10.” (Tweet This!)
- “Flipping is only money when you keep flipping.” (Tweet This!)
Connect with Aaron
- Email Aaron: aaron@flsonline.com or aaron@fivehourschoolweek.com
- Aaron’s Company Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Do you want to invest in multifamily apartments but feel intimidated by the process? If so, today’s episode is for you!
Brandon and David interview Michael Blank, an experienced multifamily investor/educator, who breaks down the seemingly daunting process into super simple steps.
Don’t miss Michael’s advice on how to get started in the space, how “the law of the first deal” will increase your odds of success, and how multifamily investing can lead to financial independence in five years. You’ll also love learning common multifamily vocabulary, what an ideal property looks like, and how to develop relationships with potential investors.
Michael also shares incredible insight into how he built his empire, as well as his top two negotiating tactics and “three levers” to successfully negotiate a multifamily deal!
This is one of THE most informative shows we’ve ever done. Download it now!
In This Episode We Cover:
- How he got started and why he recommends multifamily investing
- Scaling his business despite running out of of time
- What is “the law of the first deal”
- The multiple ways syndicators make money in a deal
- Common multifamily terms and what they mean
- How to improve the value of a multifamily property
- What an ideal deal looks like
- Developing pre-existing relationships with potential investors
- Why cash flow is so important in multifamily
- His top two negotiating tactics
- How he bought a 321-unit building, how he BRRRR-ed a multifamily building, and returned 96 percent of their investors’ capital in the process
- His “three levers” to negotiate in a multi family deal
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Podcast 066: Flips, Apartments, & Protecting Yourself From Professional Tenants with Michael Blank
- BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
- LoopNet
- BiggerPockets Bookstore
Books Mentioned in this Show
- Vivid Vision by Cameron Herold
- The ABCs of Real Estate Investing by Ken McElroy
- Rich Dad Poor Dad by Robert Kiyosaki
- How We Bought a 24-Unit Apartment Building for (Almost) No Money Down by Brandon Turner
- Raising Private Capital by Matt Faircloth
- The ONE Thing by Gary Keller
- The Miracle Morning by Hal Elrod
- Financial Freedom with Real Estate Investingby Michael Blank
Tweetable Topics:
- “The value of the first deal far outweighs any kind of money you can make from it.” (Tweet This!)
- “Nobody is rich on their first deal, but they’re rich because of their first deal.” (Tweet This!)
- “I’d rather do an 80/20 gigantic deal than 70/30 of nothing.” (Tweet This!)
- “Structure your deals based on who your investors are.” (Tweet This!)
- “Never take money unless you know what the heck you are doing.” (Tweet This!)
- “Always raise more money than you think you need.” (Tweet This!)
Connect with Michael
- Michael’s BiggerPockets Profile
- Michael’s Personal Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Would getting more deals through your network help your real estate business? Today’s guest specializes in just that!
Brandon and David sit down with Travis Chappell, host of the “Build Your Network” podcast, and dive into how to create success through other people.
Travis shares strategies for using his network to find deals, mastering the art of giving to increase your success, and becoming a leader in any space you are passionate about—no matter who you are! You won’t want to miss his “anchoring” negotiating strategy, his advice on the right way to reach out to mentors/influencers, and his five tips for starting off an effective working relationship!
This is one of the most value-packed shows BiggerPockets has done. Download it now!
In This Episode We Cover:
- How Travis uses his network to source deals
- Why he rents his primary residence
- The power of creating a platform like a podcast or meetup
- The key to successfully partnering with family
- Why givers are more successful
- How his networks really affect his net worth
- The reason why he’s selling his real estate properties
- The beauty of adding value first to others
- His five effective tips for reaching out and connecting with anyone
- His “anchoring” negotiating tactic and how he used it to land a deal
- Why house hacking is his favorite way to get started in real estate
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Events
- BiggerPockets Podcast 314: How to Find Rockstar Contractors and Manage Like a Boss with Andresa Guidelli
- Build Your Network 186: The Bigger Pockets Podcast with Brandon Turner
- BiggerPockets Podcast 227: From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless
- Best Ever Podcast by Joe Fairless
- BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
- Entrepreneurs on Fire with John Lee Dumas
- BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan
- Jordan Harbinger Show
- Noah Kagan
- BiggerPockets Hard Money Lenders
- BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene
Books Mentioned in this Show
- Give and Take by Adam Grant
- Millionaire Real Estate Investor by Gary Keller
- Never Split the Difference Chris Voss
Fire Round Questions
- Any advice on finding deals to flip in a hot market?
- Do you think it’s a mistake to think about investing out of state, given my lack of experience at this point?
- Any tips for motivating contractors to move quickly?
Tweetable Topics:
- “Most of the things that we need to master fall under the communication category.” (Tweet This!)
- “You don’t have to be an expert to start a podcast or a meetup.” (Tweet This!)
- “Every deal is different. What works for me may not work for you.” (Tweet This!)
- “The deal is in the numbers. If it’s a good deal, it will make money regardless of all the other stuff.” (Tweet This!)
- “What you focus on, you get more of.” (Tweet This!)
- “There’s deals for everybody out there!” (Tweet This!)
- “Not all debt is bad.” (Tweet This!)
- “The number one thing about networking is giving value.” (Tweet This!)
Connect with Travis
- Travis’ Personal Website
- Meet Your Hero Course
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today’s guest grew up poor, living in a cabin without power or running water. But now he controls millions of dollars in real estate, owns several companies, and leads one of the country’s top-producing sales teams.
How did Ben Kinney pull that off?
The story involves, of course, hard work and tenacity. It involves a book that shifted his mindset at just the right time. And most importantly, it involves teamwork.
In this episode, Ben lays out the hiring process he used to build a real estate agent business. He talks about how he got used to rejection working as a “cable guy” and shares how YOU can find an off-market deal and start house hacking—without a lot of money out of pocket.
Ben also details the seven goals that influenced his every decision and the three things every leader should do when growing his or her business. (Hint: “inspect what you expect.”)
In the “Deal Deep Dive” segment, Ben tells us how he was able to buy a company for a hefty price by controlling the terms of the deal.
He’s a big-picture guy, who will challenge you to think differently about real estate and business. If you feel held back by tasks you don’t enjoy, listen to this show for practical tips on how to delegate more effectively.
Today’s episode will inspire you and help you invest more efficiently, so you can do what you love and watch your wealth grow.
In This Episode We Cover:
- The amazing story behind how Ben got started selling homes
- Being recession proof
- Why he builds and buys businesses
- Using synergy to grow his RE empire
- What he looks for in a deal
- Why he likes to buy and hold instead of flip
- How big businessmen save on taxes
- What is the income triangle and how to flip it
- Finding great leaders as partners or employees
- Building an ecosystem to help find him deals
- Questions he asks new hires or partners to determine if they are the right ones
- The story about how he spent six days to find ONE hire
- Working only do things he enjoys
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- Brandon’s Instagram
- BiggerPockets Facebook Page
- Pat Flynn’s Podcast
- The Real Estate Guys
- BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene
- BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan
- David’s Instagram
- BiggerPockets Instagram
Books Mentioned in this Show
- The Millionaire Real Estate Agent by Gary Keller
- Cashflow Quadrant by Robert Kiyosaki
- Rich Dad Poor Dad by Robert Kiyosaki
- Set for Life by Scott Trench
- Extreme Ownership by Jocko Willink
- Tax-Free Wealth by Tom Wheelwright
- The ONE Thing by Gary Keller and Jay Papasan
Tweetable Topics:
- “I hate when people call me an entrepreneur and the reason is because 98% so-called entrepreneurs fail.” (Tweet This!)
- “Systems make the ordinary become extraordinary.” (Tweet This!)
- “People complicate things to justify their inactions.” (Tweet This!)
- “You can’t be chasing money because money runs too fast.” (Tweet This!)
- “Hire the things you don’t enjoy.” (Tweet This!)
Connect with Ben
- Ben’s Personal Website
- Email Ben
- Ben’s Facebook Page
- Ben’s Twitter Profile
- Ben’s Training Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In this bonus episode, co-authors Carol and J Scott read from Chapter 5: Seller Motivation and Leverage. This passage reveals the exact questions the authors ask sellers, and how to “aggressively listen” for valuable information — even when making casual conversation. Plus, Carol and J do some investor/seller role-playing.
Order “The Book on Negotiating Real Estate” today at www.BiggerPockets.com/NegotiatingBook; you can get a physical copy, eBook, or audio version (that one is read by professional narrators) — OR just get the Ultimate package, which includes everything, PLUS access to two live Q&A webinars with Carol and J, two bonus videos, and a Quick Reference Guide with the top negotiating tips and tricks from the book
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Would your real estate investing business benefit from better negotiating tactics? Of course it would!
On today’s show, Brandon and David sit down with J and Carol Scott, as well as Mark Ferguson, co-authors of the new BiggerPockets book The Book on Negotiating Real Estate. The authors discuss several powerful negotiating strategies, plus common misconceptions about negotiating, how “winning” in negotiating doesn’t always mean the other side is losing, and how the best deals are done through building rapport (with examples of how to do just that).
You won’t want to miss their tips on how to prepare for a negotiation beforehand—something that’s made them hundreds of thousands of dollars over the years—and how to negotiate with your own contractor to get the best prices possible!
This episode is full of advice to help you, the investor, save money and get deals. If you want to experience better results getting what YOU want out of a deal, download this one today!
In This Episode We Cover:
- Introducing J, Carol, and Mark
- Common misconceptions about negotiating
- How winning doesn’t always mean the other side losing
- The right mindset when it comes to negotiating
- How building rapport can get you deals
- Learning to shift the negotiation off of price and into something else
- Tips in preparing for your negotiation beforehand
- Negotiating with your contractor to get the best deal possible
- The tip that’s made them hundreds of thousands of dollars over the years
- How they closed on a deal using negotiating tactics to lower the price on an already great deal
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- Brandon’s Instagram
- Be a Podcast Guest
- BiggerPockets Podcast 311: 6 Rules for Investing in Real Estate in the Coming Economic Shift with J Scott
- BiggerPockets Podcast 010 : Flipping Houses 101 with J Scott
- BiggerPockets Podcast 068: Being a Superhero House Flipper, Investor, and Team Leader with Mark Ferguson
- The Best Ever Conference
- BiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber
Books Mentioned in this Show
- BRRRR by David Greene
- The Book on Flipping Houses by J. Scott
- The Book on Negotiating Real Estate by J. Scott, Mark Ferguson, and Carol Scott
- Moneyball by Michael Lewis
- The Book on Rental Property Investing by Brandon Turner
- Long-Distance Real Estate Investing by David Greene
- The Millionaire Real Estate Investor by Gary Keller
- Now, Discover Your Strengths by Marcus Buckingham
- Too Perfect by Jeannette Dewyze & Allan Mallinger
- The ONE Thing by Gary Keller and Jay Papasan
Tweetable Topics:
- “90% of negotiation is literally the skills all of us already have.” (Tweet This!)
- “Treat every conversation as a discussion as opposed to as a questionnaire.” (Tweet This!)
- “Negotiate everything, always.” (Tweet This!)
- “The person who cares the least has the most power.” (Tweet This!)
Connect with J and Carol
- J and Carol Scott’s Website
- J’s BiggerPockets Profile
- Carol’s BiggerPockets Profile
- J’s Facebook Profile
- J’s Twitter Profile
Connect with Mark
- Mark’s Website
- Mark’s BiggerPockets Profile
- Mark’s Youtube Channel
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Imagine building a business around work you’d do for free. Sound pretty great?
Today’s guest has done just that, and her story may change the way you think about investing. Brittany Arnason is a 26-year-old who’s converted her talent for hands-on work into a cash-flowing, 10-unit rental portfolio.
In this episode, Brittany shares how she learned the business of real estate and construction as a small child, bought her first property for $25,000, and worked on it herself to save money and learn the business.
She goes on to reveal her DIY secrets for adding value at minimal cost, how she applied skills she learned at her 9 to 5 to make her a more successful investor, and how she operates as a woman in a male-dominated industry.
Brittany has an incredible energy, spark, and passion for real estate, and it is infectious. Don’t miss how she uses creative strategies to finance her deals and the BRRRR method to fund unlimited projects.
This is an episode that will leave you pumped up and ready to go get your next (or first) deal. Download it today!
In This Episode We Cover:
- How Britt got her first rental property at the age of 18!
- Quitting her job as a power engineer
- Pros and cons of doing your own work
- The Lifeonaire Strategy
- Things that make a huge impact in a property
- Using personal line of credit to fund deals
- What is a Step Up mortgage
- Doing BRRRR strategy with her boyfriend
- Finding deals through realtors and MLS
- How she learned DIY skills from the internet
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- Brandon’s Instagram
- David’s Instagram
- Chip Gaines
- Joanna Gaines
-
HumboldtHouse
- Realtor.ca
- BiggerPockets Calculator
- Rehab Estimator Calculator
- BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors
- Gary Vaynerchuk on Finding Deals Through Social Media & Crushing It as an Entrepreneur
Books Mentioned in this Show
- The Book on Rental Property Investingby Brandon Turner
- Lifeonaire by Steve Cook
- Unlimited Power by Tony Robbins
- BRRRR Book by David Greene (coming soon!)
- J. Scott’s Book on Estimating Rehab Cost
- Long-Distance Real Estate Investing by David Greene
- 90 Days Journal by Brandon Turner (coming soon!)
- Gary Vaynerchuk’s Crushing It!
- The Subtle Art of Not Giving a Fck* by Mark Manson
- 4-Hour Work Week by Tim Ferriss
Fire Round Questions
- I wonder what your 3 favorite tools are
- How many calls, showings, and applications you see before having a signed lease?
Tweetable Topics:
- “New builds can be easier and more straightforward than rehabs!” (Tweet This!)
- “If it keeps you motivated and it keeps it fun for you, it probably will help your business.” (Tweet This!)
- “You have to do whatever it takes to make it work.” (Tweet This!)
Connect with Britt
- Britt’s Instagram
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How does finding and closing 15 deals a month sound? Today’s guest shares exactly how his team does just that!
Returning guest Nathan Brooks goes into detail about how he built a turnkey business that consistently finds and closes deals on a large scale. He also shares great info regarding how he uses the DISC profile to understand himself and his team members, his three-step process for rehabbing homes, and why he always has at least two sets of eyes on every deal.
Plus, he reveals what he wishes he had done differently in the beginning and how to alternate between a “10,000-foot view” of your business and being on the front line. You also won’t want to miss his discussion about mistakes newbies should avoid.
Nathan is a long-time investor with a heart-felt passion for helping others succeed. If you want to grow your real estate business, be sure to check out the incredible advice and encouragement he shares in today’s episode!
In This Episode We Cover:
- How Nathan uses the DISC profile to understand himself
- What he would have done different if starting his business again
- His three-step process for rehabbing homes
- Why he always uses two sets of eyes on every deal
- How he utilized meetups to grow his business
- How his team is buying 12-15 deals a month
- His rule for replacing anything that doesn’t have a 10-year life span
- Mistakes for newbies to avoid
- How to alternate between a big picture view and daily activities to lead to success
- How he handled his nightmare flip
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- Seth Godin
- BiggerPockets Podcast 313: How to Be Happy AND Grow a Massive Business with Entrepreneur Jesse Itzler (and Josh!)
- Tony Robbin’s DISC Test
- How to Use the DISC Profile To Communicate Effectively in Business
- BiggerPockets Podcast 087: How to Thrive After The Collapse of a Real Estate Empire with Nathan Brooks
- BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss
- BiggerPockets Podcast 232: The Four Lead Sources Nathan Brooks is Using to Flip 120 Houses a Year
- BiggerPockets Podcast 159: How to Build a Real Estate Business That Buys 60 Deals a Year with Nathan Brooks
Books Mentioned in this Show
- Traction by Gino Wickman
- Never Split the Difference by Chris Voss
- On the Shortness of Life by Seneca
- Extreme Ownership by Jocko Willink
- Go Giver by Bob Burg
Fire Round Questions
- Any tips on negotiating with sellers in a competitive market?
- How can I tell if the wholesaler I’m dealing with is legit?
- Just curious if anyone else can share strategies for assessing property management companies?
Tweetable Topics:
- “As soon as you can afford it, hire your weaknesses.” (Tweet This!)
- “The direction of your business is your responsibility.” (Tweet This!)
- “If you’re not taking professional pictures of your rental property, stop and start doing that now.” (Tweet This!)
- “Your business is only as good as you are.” (Tweet This!)
Connect with Nathan
- Nathan’s BiggerPockets Profile
- Nathan’s Facebook Profile
- Nathan’s Company
- Nathan’s Meetup Group
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Interested in buying over 100 units in two years’ time? Today’s guest did just that!
Collin Schwartz shares the amazing story of how he built an impressive portfolio on the foundation of direct mail and networking through meetups. You’ll learn how Collin utilized a clever twist on the BRRRR method to avoiding paying cash for properties (but still get back his down payment), how he uses balloon notes to do this, and how his highly targeted direct mail strategy led to it all being possible. Collin also shares how he runs meetups to find deals, what his criteria are for buying properties, and how he partners/leverages with others to make this incredible success possible over such a short period of time.
Collin also earns income managing properties—and even leverages that business to find deals too! If you want a solid game plan that will lead to impressive growth, this is an episode you don’t want to miss!
In This Episode We Cover:
- How Collin went from handwriting 191 letters to over 100 units in two years
- How he uses networking to find deals
- His direct mail strategy
- How he uses the BRRRR method and traditional financing
- His 50/50 partnership structure
- Tips for using RUBS to increase profit
- What criteria he looks for in properties
- How to run meetups to find deals
- Advice for using balloon notes to get into deals (and later refinancing)
- How to outsource paperwork and bookkeeping to others
- How he makes money managing his own properties
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- ListSource
- Invoice America
- BiggerPockets Events
- BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock
- BiggerPockets Jobs
- Zillow
- Loopnet
Books Mentioned in this Show
- Who: The A Method for Hiring by Geoff Smart and Randy Street
- Rich Dad Poor Dadby Robert Kiyosaki
- The Millionaire Real Estate Investor by Gary Keller
- Shoe Dog by Phil Knight
Tweetable Topics:
- “In my mindset, more units, less risk.” (Tweet This!)
- “Real estate is forgiving.” (Tweet This!)
Connect with Collin
- Collin’s BiggerPockets Profile
- Collin’s Meetup
- Collin’s Instagram
- Collin’s LinkedIn Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Ever dreamed of being a successful multifamily investor who owns millions of dollars in real estate while others manage your assets?
Well, today’s guest is doing just that! Brandon and David sit down with Chad Doty, a one-time businessman who ditched corporate life and moved on to real estate, now owning 3,000 units!
Chad shares TONS of meaty insight, including what he looks for when choosing a market, where he’s currently investing (and avoiding), and four rules of thumb for building a multifamily business. Chad gives great advice regarding overcoming high barriers to entry, getting brokers to take you seriously (even as a newbie), and adding value to properties in order to generate big profits.
Plus, you DO NOT want to miss Chad’s take on finding deals others are missing, the order in which you should build your team, and how he would invest his grandmother’s last 100K! If you’re looking for an episode with so much value you’ll feel guilty you didn’t have to pay for it, download this one now!
In This Episode We Cover:
- How Chad got into multifamily
- What evergreen is
- Two real estate myths
- What comes first: deal or money
- The market he invests in and why
- His success metrics
- The four components of any successful business
- Raising money to fund an apartment building
- Increase rent vs. decrease expenses
- What does his team look like managing thousands of properties
- Rules of thumb for communicating with property management
- His thoughts on the future of today’s market
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- Real Estate Glossary
- Grant Cardone on Multifamily Investing and Why You Should Never Buy a House! (podcast)
- BiggerPockets Podcast 316: How to Become a Millionaire Through Real Estate by 26 with Graham Stephan (podcast)
- BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan (podcast)
Books Mentioned in this Show
- The Speed of Trust by Stephen Covey
- The Millionaire Real Estate Investor by Gary Keller
- The Goal by Eliyahu M. Goldratt
Tweetable Topics:
- “Money flows to competency not to good deals.” (Tweet This!)
- “Capital formation is the ultimate entrepreneurial skill.” (Tweet This!)
- “If emotions are going to be out there, use it to your benefit.” (Tweet This!)
- “Embrace the suck required to get good. But once you do that, the world is your oyster.” (Tweet This!)
- “Hospitals are 24-hour blue collar job factories.” (Tweet This!)
Connect with Chad
- Chad’s Personal Website
- Free Report for Evidenced Based Investing
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Interested in becoming a millionaire through real estate investing? Of course you are!
Today’s guest did just that—by age 26!
Brandon and David sit down with top-producing real estate agent and investor Graham Stephan as he spills the strategy he used to build massive wealth at such a young age. You won’t want to miss his “fortune formula,” including how he adds value to the deals he buys, how he saved money to invest without missing out on life’s experiences, and how he found work he loved to do so he could work hard while still feeling like he was on vacation.
Graham’s passion for real estate carried him to big success through investing, and he shares great advice for using YouTube to grow your brand. He also discusses how skipping college helped make him a millionaire and how he worked with his grandma to fund his first deal!
Graham touches on why he feels the future of RE is in development, ways to “make, not just find,” deals in today’s market, what to watch out for with Airbnb, and how he bought a house before he even owned a credit card.
DON’T miss this powerful show from someone who made the most of his 20s to set himself up for future success. Download it today!
In This Episode We Cover:
- Started as listing agent in L.A. at age 18
- Closing over 3 million dollars as a first deal that made him quit college
- The plan he put in place
- What he could’ve done better
- What it’s like buying rental properties at a young age
- Hack on managing properties
- House hacking in LA
- The Subway sandwich story
- How Graham became a millionaire in real estate by 26
- Why going to college would have set him back a decade
- The Millionaire Formula
- His current investments and future plans
- Tips on landlording
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Meet
- BiggerPockets Career Opportunities
- Mission Meats
- BiggerPockets Youtube Channel
- How I became a Millionaire in Real Estate by 26 (video)
- BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene
- David Greene’s Youtube Channel
Books Mentioned in this Show
- The Book on Managing Rental Properties by Heather and Brandon Turner
- Buy It, Rent It, Profit! by Bryan M. Chavis
- The 4-Hour Workweek by Timothy Ferriss
Tweetable Topics:
- “If people worth 10 million dollars are buying these properties, chances are this is something I should start paying attention to myself.” (Tweet This!)
- “You don’t have to deprive yourself to be successful, you just have to be smart about the things you chase.” (Tweet This!)
- “Going to college for me would have set me back probably almost a decade.” (Tweet This!)
- “For me, my work is my vacation.” (Tweet This!)
- “Every year there’s a new opportunity out there.” (Tweet This!)
- “Landlording is a skill.” (Tweet This!)
- “If you pick up the phone, you are ahead of 80% of agents out there.” (Tweet This!)
Connect with Graham
- Graham’s Youtube Channel
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Interested in learning techniques that will virtually guarantee you success, regardless of your field of interest? Of course you are!
On that front, today’s show will not disappoint! Brandon and David interview bestselling author Robert Greene, whose latest book is titled The Laws of Human Nature.
Robert discusses brilliant concepts regarding earning the trust of others, determining who you can trust in an interaction, and developing the super power of reading other people’s non-verbal cues. He also shares valuable insight that will help you positively impact the emotions of others around you, put yourself in a peak state of performance, and activate the power of your own emotional connection to things you are passionate about.
And do not miss Robert’s advice on making sure others cannot manipulate or deceive you, or what he’s learned studying Leonardo da Vinci and others who have mastered their crafts! If you want to become the investor who gets deals first, gets the best prices on rehabs, and is less likely to be fooled in a transaction, download this episode right now!
In This Episode We Cover:
- Robert’s mentor-mentee relationship with Ryan Holiday
- What a mentor is looking for a mentee
- What are the laws of human nature
- Understanding human nature and why it’s the most important skill
- Seeing through people beyond the surface
- Validating the good in people
- Flattery vs. recognizing somebody’s strength
- The different biases and how we’re governed by emotions
- – Conviction bias
- – Appearance bias
- – Group bias
- Techniques to resist these biases
- How to present yourself
- Mastery and being emotionally connected to what you do
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Podcast 245: Creating Wealth that Lasts Generations with Bestselling Author Ryan Holiday (Podcast)
- Insight Timer
- Brandon’s Instagram
- David’s Instagram
- BiggerPockets’ Instagram
Books Mentioned in this Show
- The 48 Laws of Power by Robert Greene
- Mastery by Robert Greene
- The Art of Seduction by Robert Greene
- Laws of Human Nature by Robert Greene
- I Hope They Serve Beer in Hell by Tucker Max
- The 50th Law by 50 Cent and Robert Greene
- Pitch Anything by Oren Klaff
- The Art Of War by Sun Tzu
- Principles by Ray Dalio
- The Obstacle Is the Way by Ryan Holiday
- The Book on Rental Properties by Brandon Turner
- Long-Distance Real Estate Investing by David Greene
Tweetable Topics:
- “The most important thing you are looking for is not a glittering resume, it’s not charm, but their character.” (Tweet This!)
- “The most important skill you can develop in life is understanding people.” (Tweet This!)
- “The energy that you present people, is how they’re going to see you.” (Tweet This!)
Connect with Robert
- Robert’s Personal Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Would your real estate business benefit from better rehab/construction knowledge or tactics? Well, that’s the focus of today’s show, where Andresashares her story of moving from Brazil to America and crushing it in the real estate space!
Andresa excels in an area many of us find extremely challenging: managing rehabs. In this episode, she pulls back the curtain and shares tips for how you can do the same. Andresa gives great advice for finding excellent contractors (and vetting them), the three things she puts in every contract, and how she makes sure she’s never ripped off.
You won’t want to miss her advice on finding the perfect team, determining the scope of work for your project, and learning your market. Andresa also shares a killer tip about challenging low appraisals she’s used successfully three separate times! Andresa is able to skillfully manage several rehab projects at a time while also running a side Airbnb business and gives great guidance on how you can do the same. Download this one now!
In This Episode We Cover:
- How Andresa got into real estate
- How she finds great contractors
- The three things she puts in her contract
- How she pays her contractors
- Her advice for finding the perfect team
- How she embraces what she’s good at
- Why you should be humble enough to partner with others
- How she determines her scope of work
- Tips for understanding your market
- How she challenges appraisals
- Her advice for Airbnb investing
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side Of No Money Down with Ryan Murdock
- Best Ever Conference
- BiggerPockets Events
- BiggerPockets Podcast 203: Finding Deals, Funding, Contractors, and Mentors with Matt and Liz Faircloth
- BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- The Book on Investing with Low or No Money Down by Brandon Turner
- Extreme Ownership by Jocko Willink
- Never Split the Difference by Chris Voss
- Long-Distance Real Estate Investing by David Greene
- Traction by Gino Wickman
- The Code of the Extraordinary Mind by Vishen Lakhiani
Tweetable Topics:
- “There’s somebody for every role.” (Tweet This!)
- “Get the ‘no’ first because that is when the negotiation starts.” (Tweet This!)
- “Partner up with somebody that is willing to share to you the entire process.” (Tweet This!)
Connect with Andresa
- Andresa’s BiggerPockets Profile
- Andresa’s Website and Podcast
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
You want to crush it in real estate investing. But you also want fun, adventure, and time for yourself and your loved ones. Can you have both? Our guest today says, “YES!”
Jesse Itzler is a serial entrepreneur who’s worn a lot of hats: rapper, founder of a private jet company (sold to Warren Buffett’s Berkshire Hathaway), partner in a coconut water venture (sold to Coca-Cola), ultra-marathoner, and part-owner of the Atlanta Hawks.
Jesse shares his plan for 4x-ing your productivity, what he learned from living with a Navy SEAL (and writing a book about it!), and why investors must learn to “fall in love with the process,” rather than the product. You’ll learn his trick for scheduling memorable experiences and why you should develop your own “happiness meter.”
Oh, and stick around to hear Jesse’s hilarious story about performing in front of 600,000 people—and forgetting the words. This show is packed with wise counsel for anyone who is or wants to be a hard-charging entrepreneur, but also craves more balance and bliss. Download this episode, and share it with a friend or family member who would enjoy it! When you do, tag us on Twitter (@jrdorkin, @brandtonatBP, @biggerpockets) or Instagram (@jrdorkin, @beardybrandon, @biggerpockets)!
In This Episode We Cover:
- Jesse Itzler’s backstory
- The moment of the most happiness -41 bucks story!
- How to measure happiness with the “Happiness Meter”
- The “3-Hour Rule”
- What Kevin’s Rule is and why you should create “moments”
- Advice for making the most of life
- Why you should think through: What do I want to be known for in the next 5 years?
- How to reach out to people who you aspire to meet
- His advice on growing multiple business
- A way to redefine failure
- The Misogi
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- Atlanta Hawks
- Marquis Jet
- Zico Coconut Water
- Jesse Jaymes – Shake It Like A White Girl (Video)
- Spanx
- The Happiness Meter by Jesse Itzler at TEDxHickory (Video)
- 29029 Everesting
- Josh’s Instagram
- Josh’s Personal Website
- Brandon’s Instagram
Books Mentioned in this Show
- Living with a SEAL by Jesse Itzler
- Living with the Monks by Jesse Itzler
- Fit For Life: A New Beginning by Harvey Diamond
- Rich Dad Poor Dad by Robert Kiyosaki
- The E-Myth Revisited by Michael Gerber
- The ONE Thing by Gary Keller
- The 4 Disciplines of Execution by Chris McChesney, Sean Covey, & Jim Huling
- The Wealthy Barber by David Chilton
Tweetable Topics:
- “If you have health, you have hope. If you have hope, you have everything.” (Tweet This!)
- “In most areas of our life, there’s a way to measure almost everything.” (Tweet This!)
- “As we get older, it’s very hard to create newness.” (Tweet This!)
- “If it’s not important to you, it’s not going to happen.” (Tweet This!)
- “People buy into stories more than products.” (Tweet This!)
- “As a parent, praise your kids’ effort, not the result.” (Tweet This!)
- “Money is fun to make, fun to spend, and fun to give away.” (Tweet This!)
Connect with Jesse
- Jesse’s Website
- Jesse’s Instagram
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Excited about real estate investing and looking for a blueprint to follow? Well, you’re in luck!
Today’s guest James Masotti is a well-rounded investor who’s piling up properties while working a full-time job.
James shares how he consistently finds deals in a competitive market (it’s not through the MLS), how he funds these deals (it’s not with his money), and how he handles the common complications every investor faces.
He also gives some great advice for acquiring properties already occupied by tenants, and explains how he keeps his partner and lenders happy even when things don’t go according to plan. He offers tips on planning for CapEx and dealing with the dark side of real estate investing, too.
Plus, you won’t want to miss his advice when it comes to building funnels to find deals, as well as just what to look for when interviewing real estate agents.
James has a straightforward, no-nonsense approaching to succeeding in today’s market and provides tons of good content for how you can do the same! Download this episode today!
In This Episode We Cover:
- Jame’s entrance into real estate investing while having a professional career
- Cash reserves and how he plans for CapEx
- How he finds and funds deals
- Dealing with tenant evictions
- Finding the lender you need
- What a debt cover ratio is
- Why he continuously builds funnels
- How to handle when things go wrong
- Analyzing and overcoming the dark side of real estate investing!
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- Be a Guest on the Podcast
- Biggerpockets Investor Deal Diaries
- BiggerPockets Meetup and Events
- BiggerPockets Marketplace
- BiggerPockets Podcast 308: From 0 to 400 Units in 3.5 Years with Sterling White
- BiggerPockets Podcast 297: Mastering the Decision-Making Process with Business (and World Series of Poker) Champion Annie Duke
- BiggerPockets Podcast 304: Using Incredible Strength of Mindset to Succeed Despite Overwhelming Obstacles With Nick Santonastasso
- The Blitzkrieg Rent Collection Plan for Landlords (Blog)
- What is CapEx in Multifamily Real Estate Investing (Blog)
- Biggerpockets Bookstore
Books Mentioned in this Show
- The Book on Managing Rental Properties by Heather and Brandon Turner
- I Will Teach You To Be Rich by Ramit Sethi
- The Book on Estimating Rehab Costs by J. Scott
- The Richest Man in Babylon by George S. Clason
- Rich Dad Poor Dad by Robert Kiyosaki
- E-Myth by Michael E. Gerber
- Lifeonaire by Steve Cook
Fire Round Questions
- How to create a deal in partnership?
- Late rent problems, let me know your strategy!
- What are the most important rules of thumb you use when analyzing properties?
Tweetable Topics:
- “Real estate is very forgiving.” (Tweet This!)
- “When you’re looking to scale, you want to have reserves available.” (Tweet This!)
- “Don’t chase something that you’re not comfortable with because that’s when you get in trouble.” (Tweet This!)
Connect with James
- Jame’s BiggerPockets Profile
- Jame’s LinkedIn Profile
- Jame’s Twitter Profile
- Jame’s Facebook Profile
- Jame’s Instagram
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Are you a real estate investor concerned with the potential of a shifting economy? These concerns are understandable, and today’s guest has some great techniques for both protecting your money and taking advantage of deals in any market! J Scott,...
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Looking to find financial independence through real estate but don’t want to be responsible for a portfolio of 100 homes? Well, that’s exactly what today’s guest is doing!
Jenny Bayless is a real estate investor in Colorado who is using long-distance investing principles to systematically build a portfolio of cash flowing properties using the BRRRR method! Jenny is absolutely crushing it by “making” deals in today’s tough market and shares what she looks for that other investors miss.
Learn her system for targeting fixer-upper properties, how she estimates rehab costs, and the method her real estate agent uses to send her videos of potential properties so she doesn’t have to drive hours to see them. Jenny also shares how she uses hard money to buy “cash,” how she found a rockstar agent, and how she backed into an “accidental BRRRR” that led to future success!
Today’s episode is equal parts inspirational and practical with TONS of actionable advice. If you want to retire early with real estate but don’t want the headache of managing 100 homes, don’t miss this show!
In This Episode We Cover:
- Long-distance principles Jenny uses to invest near her market
- How Jenny uses the BRRRR strategy to systematically grow her portfolio
- Ways to chase financial freedom without a monstrous portfolio
- How she has an agent do her due diligence for her
- The strategy she uses to “make” deals in a today’s tough market
- Her opinion on how to use turnkey properties to get started investing
- Ways to start with fixer-upper properties to get great deals in a hot market
- How she uses hard money to buy “cash” deals
- How she estimates rehab costs before writing offers,
- Her “accidental” BRRRR story
- How she’s pursuing financial independence with only 10 homes!
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- Biggerpockets’ Instagram
- Brandon’s Instagram
- BiggerPockets BRRRR Guide
- How BRRRR Increases Your ROI (And Why You Should Be Using It)
- BiggerPockets Calculators
- BiggerPockets Bookstore
- Quickbooks Online
- Cozy Property Manager
- Buildium Property Manager
- Appfolio Property Management Software
Books Mentioned in this Show
- The Book on Estimating Rehab Costs by J. Scott
- The Book on Flipping Houses by J. Scott
- Long-Distance Real Estate Investing by David Greene
- Building Wealth One House at a Time by John Schaub
- The Book on Managing Rental Properties by Heather Turner and Brandon Turner
- Rich Dad’s Cashflow Quadrant by Robert Kiyosaki
Tweetable Topics:
- “The worst that they can say is no.” (Tweet This!)
- “We all know what it’s like to have a job. We don’t all know what it’s like to run a business.” (Tweet This!)
Connect with Jennifer
- Jennifer’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Have you ever considered flipping houses for cash but aren’t sure where to start? If so, today’s episode is perfect for you! Brandon and David interview Steven Pesavento, a long distance flipper who’s doing 75 deals a year. Steven shares several of his tips for success, including just what he does to keep his pipeline full of deals, how he follows up with qualified leads, and the strategy he used to get good at closing deals working for someone else!
You’ll love Steven’s system for choosing the best market to flip in, how he systematically ramped up his business, and how he built a team from the ground up (including each team member’s job title and description)! This episode is chock full of specific, actionable advice that will apply to newbies and experienced pros alike. Download and listen today!
How he finds his deals, where he is consistent and wins the long game, how he flips 75 houses a year, when to grit and when to quit, how to know when it’s time to ramp up your business, how to build and scale your business, the order in which you should hire, what makes up an all-star team, why repetitions are so important, and what to look for in a partner to help grow your business.
In This Episode We Cover:
- Steven’s background and how he got into real estate
- Learning through modeling successful investors
- The very first deal (which was not that great)
- How he set his goals
- Knowing the right time to get serious
- Direct mail and other marketing methods that worked for him
- Partnering with great people
- From zero to 75 deals within two years
- Raising money from private investors
- Renting his personal home on Airbnb to pay the bills
- Living frugally to get the business running
- Not taking a paycheck until year two so he could invest in people and growth
- And SO much more!
Links from the Show
- BiggerPockets Gift
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Jobs
- Tony Robbins’ Website
- BiggerPockets Podcast
- BiggerPockets Podcast 307: The Science Behind Setting and Achieving Big Goals
- BiggerPockets Hard Money Lenders
- Tony Robbin’s Events
- Amazon
Books Mentioned in this Show
- 90 Days of Intention by Brandon Turner (Journal)
- Four Hour Workweek by Tim Ferriss
- The ONE Thing by Gary Keller
- Rich Dad Poor Dad by Robert Kiyosaki
- Never Split the Difference by Chris Voss
- Awaken the Giant Within by Tony Robbins
Fire Round Questions
- Does anyone know of a way to finance a house where I could sell it in 3 months without hard money or cash?
- What kind of presentation do you use when trying to get funding for your flips?
- Any tips and tricks you use to ensure that you won’t go over budget during your rehab?
- How do I qualify for a loan to fix and flip houses without savings or good credit?
Tweetable Topics:
- “It’s not about how I may get rich, but it’s about how am I going to learn everything that I possibly can.” (Tweet This!)
- “We’re not doing anything special, we’re just doing it.” (Tweet This!)
- “It’s a very simple business, but it’s not that easy.” (Tweet This!)
Connect with Steven
- Steven’s BiggerPockets Profile
- Steven’s Company Website
- Steven’s Facebook Profile
- Steven’s Twitter Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Would your life be positively impacted by owning over 400 rental units? What if you could get there in under four years? On today’s show, we interview BiggerPockets contributor Sterling White, who has managed to do just that!
Sterling shares how he started his entrepreneurial journey selling Pokemon cards and eventually worked his way up to owning over 150 single family properties (and several multifamilies as well). He also shares how he finds 90-100% of his properties OFF MARKET using a five-step system for finding and closing on them (so simple anyone can do it), as well as the script he uses when speaking directly to sellers. You don’t want to miss his powerful secret for building rapport with potential leads (by sending a specific puzzle to them in the mail) and how he raises money to close on these properties.
If you want to scale your business and want the blueprint for how to do it, don’t miss this powerful episode!
In This Episode We Cover:
- How Sterling got into real estate, working for free just to learn
- Negotiating equity: What is it?
- Why you possibly shouldn’t go the wholesaling route
- The benefit of focusing on your strengths
- How to work with your family and friends and branching out from there
- How he finds deals—cold call mixed with direct mail
- Why he sends Rubik’s cubes to prospects
- Tips for creating a network of investors by building a funnel
- What his team looks like
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Calculators
- BiggerPockets Events
- Mentor
- Better Business Bureau
- BiggerPockets Blog
- BiggerPockets Facebook Profile
- BiggerPockets Podcast 061: How to Succeed in Multifamily Investing – A Unique Conversation with Josh, Brandon, and Ben
- BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman
- BiggerPockets Youtube Channel
- Upwork
- Fiverr
- ListSource
- Brandon’s Instagram
- David’s Instagram
Books Mentioned in this Show
- 90 Days of Intention by Brandon Turner (Journal)
- Jab, Jab, Jab, Right Hook by Gary Vaynerchuk
- Multi-Family Millions by David Lindahl
- Lead the Field by Earl Nightingale
Fire Round Questions
- Should you invest in a passive deal first or jump straight in to being a deal sponsor?
- What do you believe are the pros/cons or benefits/risks of investing in multifamily and residential rental properties?
- Can you wholesale multifamily properties?
- What expenses I should consider when analyzing an apartment complex?
- Does anyone have any creative ways to target owners of apartment complexes to try and complete a deal?
Tweetable Topics:
- “You just have to train yourself to get past objections.” (Tweet This!)
- “Share your story to other people who are where you were.” (Tweet This!)
- “If you can’t negotiate the price, negotiate the terms.” (Tweet This!)
- “Everything is selling. Even when you’re buying, you still have to sell.” (Tweet This!)
- “We all have a short amount of time on this planet, so might as well go after your dreams and goals ultimately.” (Tweet This!)
Connect with Sterling
- Sterling’s BiggerPockets Profile
- Sterling’s Company Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Raise your hand if this describes you: You start working toward a new goal with excitement, only to watch it eventually fizzle out to nothing. If you’re human, it’s likely you’ve experienced this phenomenon. Why is it some goals are just so hard to accomplish, whereas others we’re able to conquer with ease?
On today’s episode of The BiggerPockets Podcast, that’s exactly what you’ll discover. Diving deep into psychological research on goals, motivation, and time management, Brandon and David will pull back the curtain on how people set and accomplish big goals and give you a GPS toward changing your life forever. If there is one episode you listen to all year, let it be this one!
In This Episode We Cover:
- The real estate G.P.S. system
- GOAL
- Specific
- Difficult
- Feedback
- Commitment
- Training your reticular activating system
- Make sub goals
- Reward yourself for small wins
- PLAN
- Why humans need processes and steps
- Lead measures vs. leg measures
- Learn the L.A.P.S. system on finding deals
- Keystone habits
- SCHEDULE
- Schedule meet-ups
- Set the behavior, time, and location
- ACCOUNTABILITY
- Why you may want to join a group that meets weekly with clear structure
- And SO much more!
Links from the Show
- GoBundance
- BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn
- BiggerPockets Calculators
- Realtor.com
- James Clear
- BiggerPockets Events
- Goals Research Summary (Graphs)
- Brandon’s Blog Posts
- StickK App
- Steph Curry Shoots ‘Til He Makes 500 3-Pointers Every Day: Here’s the Crucial Lesson That Teaches Us (Blog)
Books Mentioned in this Show
- 90 Days of Intention by Brandon Turner (Journal)
- Handbook of Positive Psychology by CR Snyder & Shane J. Lopez
- 59 Seconds: Change Your Life in Under a Minute by Richard Wiseman
- The Miracle Morning by Hal Elrod
- Power of Habit by Charles Duhigg
- The Subtle Art of Not Giving a F*ck by Mark Mason
- Pitch Anything by Oren Klaff
Tweetable Topics:
- “When people wrote down their goals, they were 33% more successful in achieving them.” (Tweet This!)
- “Subconscious is a powerful ally, but a terrible master.” (Tweet This!)
- “Every goal you desire is preceded by a process required to get the results.” (Tweet This!)
Connect with Brandon and David
- Brandon’s Instagram
- David’s Instagram
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Are you looking to take your investing from casual to serious someday? Have you ever thought about what it would take to own thousands of units without having real estate run your life?
Well, you’re in luck! On today’s show, we interview Monick Halm. Monick’s story will blow you away as she shares how she went from house hacking a duplex in L.A. to owning over one thousand units! Monick’s super simple system for finding others to partner with and invest in her deals has allowed her to scale without creating an overwhelming amount of work for herself.
You’ll be amazed at Monick’s super simple formula for using the “three Cs” to find partners, her tips for raising private money naturally, and the effortless way she scales her investing. Do NOT miss her seven step criteria for choosing a new market and how to evaluate an area to find where it is in the market cycle (including which point you want to jump in at). Monick’s story is creative, encouraging, and inspiring to investors of all levels. Don’t miss out on this show filled with practical advice today!
In This Episode We Cover:
- How Monick bought at worst time to get into real estate
- How she partnered on her first house with a friend and each lived in one side (unique and creative house hacking technique)
- How she met Robert Helms of the Real Estate Radio podcast and it changed her thinking
- Her “Three C” system for evaluating potential partners to work with: Character, Commitment, Capacity
- Her 7 criteria for choosing a market to invest in: Population growth, Job growth , Diversified economy, Landlord friendly, Business friendly, In the right part of the market cycle (rising market), Familiarity
- How she ramped up her business by getting into syndication
- Why finding “business friendly” markets will help ensure you have a healthy tenant pool
- The four stages to a market cycle (and which one you want to look for when deciding when to jump in)
- How she developed land to create an awesome RV park to satisfy a market with massive rental demand
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Become a Guest at the BiggerPockets Podcast
- The Real Estate Guys Radio
- Flip or Flop (TV Series)
- Secrets of Successful Syndication
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert T. Kiyosaki
- Set for Life by Scott Trench
- Turning Pro by Steven Pressfield
- The War of Art by Steven Pressfield
Fire Round Questions
- Where to start a syndication?
- When starting out what was the best way to find partners?
Tweetable Topics:
- “Relationship is very crucial in real estate investing.” (Tweet This!)
- “Great talent does not cost you money; it makes you money.” (Tweet This!)
- “Definitely, we’d have not gone where we are now if we were doing this alone.” (Tweet This!)
- “Your network is your net worth.” (Tweet This!)
Connect with Monick
- Monick’s BiggerPockets Profile
- Monick’s Personal Website
- VIP Assets
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Are you interested in retiring early with real estate but don’t want to manage hundreds of properties to do so? Today’s guest has managed to travel to 54 countries in the last three years after retiring in his 30s by owning just FIVE properties.
Brad Dantonio shares exactly how he reached financial independence at such a young age by focusing on three unique skill sets (and how you can, too). In this episode, you’ll learn how Brad has created “time wealth,” how he tracks every expense he has, and how he achieved the equivalent of a four-year degree while sitting in Houston traffic!
Brad also gives us the three tips he shares with young people (including how to take your journaling to a whole new level), how he forever changed his relationship to fear, and how learning the art of delaying gratification at a young age gave him an advantage over his competition for life! Brad has a fantastic story of overcoming adversity as a young child and using his setbacks as fuel to create the system he used to retire early and live the life of his dreams. If you want to use real estate to live your best life, this is an episode you don’t want to miss!
In This Episode We Cover:
- How Brad got into real estate
- How he increased his income every year for 13 years because he was fanatical about self-development
- How journaling impacted his life
- The story of him selling his software to make money and using it to to buy houses
- How he ended up self studying about negotiation and sales
- His offensive and defensive techniques on living less and earning more
- The value of tracking expenses
- Why he thinks he’s wealthier than billionaires through the concept of time wealth
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Meetup and Events
- BiggerPockets Webinars
- My Fitness Pal
- My Body Tutor
- Toshl
- How Does it Feel to be Rich? (Blog)
- BiggerPockets Store
- MBA562 Guest Teacher: Brandon Turner- How to (Finally) Write a Wicked-Awesome Book in 100 Days or Less (Podcast Episode)
- A Simple 4-Step Process for Writing Your First Book in 100 Days (Blog)
- Connect with BiggerPockets Publishing
- SalesForce
- Amazon
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert T. Kiyosaki
- Lifeonaire by Steve Cook & Shaun McCloskey
- Poor Charlie’s Almanack by Charles T. Munger
- How to Invest in Real Estate by Joshua Dorkin, Brandon Turner
- How to Win Friends & Influence People by Dale Carnegie
- 90 Days of Intention Journal by Brandon Turner
- The Richest Man in Babylon by George S. Clason
- Titan: The Life of John D. Rockefeller, Sr. by Ron Chernow
- Robert Greene’s Mastery
- The 48 Laws of Power by Robert Greene
- Shoe Dog by Phil Knight
Fire Round Questions
- Has anyone compared the returns of a stock/bond portfolio against investing remotely in real estate
- If someone has the money to pay the mortgage in full, should they do it? or invest it?
- To MBA, or not to MBA?
- Would you buy a property with pending tenant evictions?
Tweetable Topics:
- “Inspect what you expect.” (Tweet This!)
- “You can’t spend enough money on books.” (Tweet This!)
Connect with Brad
- Brad’s Personal Website
- Brad’s Twitter Profile
- Brad’s Instagram
- Brad’s Facebook Page
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
If you’re looking to have your mind completely blown and walk away feeling like you can and WILL do anything, this show is for you! Today’s guest is inspirational figure, fitness model, and Vine sensation Nick Santonastasso.Nick shares his personal story and holds nothing back, describing how he’s overcome the difficulties of being born with Hanhart syndrome and the incredible mindset he’s developed along the way that led to him meeting Dwayne “The Rock” Johnson, becoming an online viral sensation (and scaring a character from The Walking Dead as a zombie), climbing a mountain despite the absence of three limbs, and more!
Nick shares tons of actionable steps for overpowering fear, overcoming and adapting to any environment, harnessing the power of gratitude, and more than we can list here! If you’ve ever been stuck in a personal rut and want to find a way to establish a mindset that ALL real estate investors should be adopting, listen to this episode and share it with someone you love!
In This Episode We Cover:
- Nick’s story and a life with Hanhart syndrome
- Changing your internal language
- The story behind the skateboard handstand
- The importance of having an authentic self
- The “must be nice” syndrome
- Thoughts on having a “massive footprint”
- Breaking down goals
- Modeling yourself on someone
- Gratitude and why it’s important
- Choosing empowering over disempowering thoughts
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinars
- David’s Instagram
- Brandon’s Instagram
- BiggerPocket’s Instagram
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert T. Kiyosaki
- Victim to Victor by Nick Santonastasso
Tweetable Topics:
- “The emotion of gratitude outweighs all emotions.” (Tweet This!)
- “Humans in general have the tendency to start with ‘cannot.'” (Tweet This!)
- “Everything in life is trial and error.” (Tweet This!)
- “The biggest disability you can have is a bad mindset.” (Tweet This!)
Connect with Nick
- Nick’s Youtube Channel
- Nick’s Facebook Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Are you a little tired of hearing about all the “successes” of real estate investors and wondering how realistic this is in the real world? Well, on today’s show, Brandon and David share the 10 biggest mistakes they’ve made in their investing careers—warts and all!
Let’s be honest—real estate isn’t all sunshine and rainbows. Mistakes happen! In this episode, we cover WHY investors often sabotage their own success and what can be done to overcome this! You’ll learn how to avoid massaging your numbers to force a bad deal through, how to guard against getting ripped off by contractors, how to hire the RIGHT team members to help you succeed, and how to fire the wrong ones!
We also cover the high cost of analysis paralysis and how to move past it, how to choose the right market for yourself, and the mistake that cost David $5,000—simply because he didn’t understand how inspection periods work in different states. If you want to see the real story behind real estate investing, including the stuff that often isn’t talked about, don’t miss your chance for some authentic, honest transparency from two experienced investors!
In This Episode We Cover:
- A discussion on waiting to start investing because you don’t feel you can do it yet
- The pros and cons of doing everything yourself
- The danger of working with the wrong people
- Stories of buying the wrong deal
- How to avoid not managing people correctly
- What can happen when you underestimate rehab costs
- Why you shouldn’t put too much down on a property
- The pitfalls of not doing enough market research
- Avoiding investing because your state is too expensive
- Not rehabbing correctly
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinars
- BiggerPockets Podcast
- BiggerPockets Contractors
- BiggerPockets Loans
- BiggerPockets Analysis Tools
- Biggerpockets File Place
- How to Buy Real Estate & Build Your Portfolio Fast! (“The Stack!”)
Books Mentioned in this Show
- Ego is the Enemy by Ryan Holiday
- The Millionaire Real Estate Agent by Gary Keller
- The Book on Estimating Rehab Costs by J. Scott
- So Good They Can’t Ignore You by Cal Newport
- High Performance Habits by Brendon Burchard
Fire Round Questions
- Is there a formula for budgeting for preventative maintenance and repairs.
- How long does it usually take you to get a unit rented out after purchasing?
- I am looking for advice and knowledge on how to go about getting into a second deal with all my funds tied up in this duplex currently
- What are your screening criteria that you use for weeding out bad deals when you’re looking to BRRRR?
Tweetable Topics:
- “Thinking small is more expensive than failing big.” (Tweet This!)
- “Find an investor-friendly agent.” (Tweet This!)
- “Calculators don’t have egos.” (Tweet This!)
- “The wise investor understands equity equals safety.” (Tweet This!)
- “Define what you want and work for it until you get it.” (Tweet This!)
Connect with Brandon and David
- Brandon’s Instagram
- Brandon’s BiggerPockets Profile
- David’s Instagram
- David’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Ever had an interest in house flipping but felt you needed help getting started? Today’s show covers that exact topic!
Cory Nemoto is an extremely humble but successful house flipper in Hawaii who is CRUSHING the game. On today’s show, Cory shares his personal strategies for keeping his pipeline full of great deals, what techniques he uses to make a minimum of $100k on each deal, how he partners with new investors to make everyone money, and his brilliant tips for building relationships with those most likely to build his business. You do not want to miss Cory’s unique strategy for using “debt-quity” to get deals brought to him before anyone else!
Cory has been so successful flipping houses in Hawaii that he’s moved his system to Seattle, where he’s crushing it there too—all using very simple methods built on relationships and creating win-win scenarios. If you’re looking for a can’t-miss way to build a profitable house flipping business, listen to this one!
In This Episode We Cover:
- The two reasons you should NOT get into real estate investing
- Figuring out your big “why”
- Cory’s unique strategy for getting started
- What exactly “debt-quity” is
- How he makes a MINIMUM of $100k on each flip
- The networking strategy Cory uses to keep his pipeline full
- Where he finds hungry, ambitious, and like-minded people to partner with and his brilliant strategy to connect with them
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinars
- BiggerPockets Events
- BiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- The Book on Flipping Houses by J. Scott
- The Go-Giver by Bob Burg & John David Mann
Fire Round Questions
- In your own experience, how or what have you done to find deals off-market?
- How are you finding your deals?
- Would it be better to buy higher end properties in good locations maybe?
- I am considering to invest a property either in Silicone Valley or Seattle area. What do you guys think?
- Anyone ever hold a “contractor” open house (so to speak)?
- How to source trustworthy contractors and inspectors?
Tweetable Topics:
- “Even if the profit is small, it doesn’t mean it’s not a good deal.” (Tweet This!)
- “Every deal is different.” (Tweet This!)
- “If you’re in it for the money and the image, then you’re not going to make it.” (Tweet This!)
Connect with Cory
- Cory’s BiggerPockets Profile
- Cory’s Website
- Cory’s Instagram
- Cory’s Facebook Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Looking to get started investing but don’t have millions of dollars and notice there’s not a lot of opportunity in your market? Well, this is the episode for you! Today’s guest is a long-distance investor who uses the BRRRR strategy to buy fixer-upper properties in other states, then refinances to use the money to buy more deals!
Alex Felice shares his valuable insights on his criteria for analyzing deals, how he builds his out of state team, and why he’ll never look at a property in person! You won’t want to miss Alex’s strategies for overcoming the fear of investing long distance, as well as his plan for living broke on purpose and how he combines long-distance investing with the BRRRR method to build a portfolio that scales! Alex is a high-energy individual who is passionate about taking action and building the future he wants. Don’t miss your chance to learn from what he’s accomplished, and start making progress building your own portfolio now!
In This Episode We Cover:
- Alexander’s back story and how he got into real estate
- Why live-in flip?
- His strategy of being broke on purpose
- How he learned about the BRRRR strategy
- Why he thinks being close to your property is a crutch
- The importance of “skills that scale”: networking and education
- How to complete a BRRRR in 8 weeks
- What delayed financing is
- How to know what a good deal looks like
- What “unicorn paralysis” is and how to avoid it
- His strategy in his own market
- How to think like an underwriter
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Landlord Forms
- Zillow
- Trulia
- How I Analyzed a Deal in 5 Minutes (& Bought it Before Anyone Else Could) (blog)
- The Secret to Unlocking Bank Financing
- The highest return on investment you can make – Best Investment Books(blog)
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- Principles: Life and Work by Ray Dalio
- Sapiens: A Brief History of Humankind by Yuval Noah Harari
- Thinking, Fast and Slow by Daniel Khaneman
- Science in the Soul by Richard Dawkins
- The Demon Haunted World by Carl Sagan
- Factfulness by Hans Rosling
Fire Round Questions
- Can someone explain BRRRR to me like I’m a second grader?
- What are some pro’s and con’s with buying investment properties out of state?
- I was just wondering, what questions should I ask potential real estate agents before I make them apart of my team?
- I am looking to purchase some property online sight unseen. Can you give me any tips for purchasing property like this?
- Do you focus on properties with little to no repairs?
Tweetable Topics:
- “Live life broke and save a bunch of money.” (Tweet This!)
- “Being close to your property is a hindrance.” (Tweet This!)
- “The only point of the first deal is to get the second deal.” (Tweet This!)
- “As fast as you can, as slow as you need to, but don’t set your goals too small.” (Tweet This!)
- “You want to convince people that are better than you to deal with you.” (Tweet This!)
Connect with Alexander
- Alexander’s BiggerPockets Profile
- Alexander’s Personal Blog
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What is the best way to get started investing in real estate? The problem with this question is that there are SO many different pieces of advice. That’s why we’re excited to bring you one of the most unique episodes of the BiggerPockets Podcast we’ve ever had. In this episode, Josh Dorkin is back—and he and Brandon deliver a series of interviews with some of the past guests from the BiggerPockets Podcast, including David Greene, Kenyon Meadows, Andrew Cushman, Arianne Lemire, Darren Sager, Ryan Murdock, Tim Shiner, Anson Young, Zeona McIntyre, and Ben Leybovich.
In This Episode We Cover:
- Why live and rent with Tim Shiner
- Darren Sager on what real estate investing strategy to focus on
- How to know if you’re ready with Ben Leybovich
- How Zeona McIntyre converts any kind of property into rentals
- Anson Young’s thoughts on when to tackle projects with grit and when to quit
- Why Kenyon Meadows thinks you should find an in-person mentor
- David Greene’s “one thing”
- How Arianne Lemire analyzes a deal each day
- Why Andrew Cushman focuses on process rather than outcome
- Ryan Murdock’s concept of cash reserves
- How to live-in flip with Mindy Jensen
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Store
- BiggerPockets Webinar
- BiggerPockets Events
- BiggerPockets Money Podcast
Books Mentioned in this Show
- How to Invest in Real Estate by Josh Dorkin and Brandon Turner
- Investing in Real Estate with No or Low Money Down by Brandon Turner
- Set for Life by Scott Trench
- Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets
- Rich Dad Poor Dad by Robert T. Kiyosaki
- Long-Distance Real Estate Investing by David Greene
- Emerging Real Estate Markets by David Lindahl
- My Wife Hates Loves Rent Houses by Tim and Crystal Shiner
- Entrepreneurial Reflections by Jay Rodgers
- Hamburger America by George Motz
- Never Split the Difference by Chris Voss
- Exactly What to Say by Phil M. Jones
- How I Turned $1,000 into Five Million in Real Estate in My Spare Time by William Nickerson
- Way of the Peaceful Warrior by Dan Millman
- Finding and Funding Great Deals by Anson Young
- Grit: The Power of Passion and Perseverance by Angela Duckworth
- High Performance Habits by Brendon Burchard
- Alternative Financial Medicine by Kenyon Meadows M.D.
- Building Wealth One House at a Time by John Schaub
- The ONE Thing by Gary Keller
- Thinking in Bets by Annie Duke
- Living with a SEAL by Jesse Itzler
- Extreme Ownership by Jocko Willink
- So Good They Can’t Ignore You by Cal Newport
- Miracle Morning by Hal Elrod
- The 4-hour Workweek by Timothy Ferriss
- Richest Man in Babylon by George S. Clason
- How to Sell Your Home by Mindy Jensen
Tweetable Topics:
- “I really don’t care that much if I’m negative or positive. My bigger thing is appreciation.” —Tim Shiner (Tweet This!)
- “You can’t do something until you are ready to do it.” —Ben Leybovich (Tweet This!)
- “Everything that we do has a process.” —Brandon Turner (Tweet This!)
- “You can go for an online course or YouTube videos, but you cannot replace that in-person mentor.” —Kenyon Meadows (Tweet This!)
- “Stop thinking that what you need is someone to hold your hand and walk you through this.” —David Greene (Tweet This!)
- “Daily, consistent action will lead to great results.” —Arianne Lemire (Tweet This!)
- “Focus on the process and not the outcome.” —Andrew Cushman (Tweet This!)
- “Failure is not a failure if you learn from it.” —Andrew Cushman (Tweet This!)
Connect with the Guests (through BiggerPockets)
- Tim Shiner
- Darren Sager
- Ben Leybovich
- Zeona McIntyre
- Anson Young
- Kenyon Meadows
- David Greene
- Arianne Lemire
- Andrew Cushman
- Ryan Murdock
- Mindy Jensen
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Would you like to invest in real estate but lack the capital? In this powerful episode of The BiggerPockets Podcast, Brandon and David dive deep into the topic to cover four unique strategies for building a real estate empire using other people’s...
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Ever wonder about the REAL story behind the house flipping tv shows? On today’s show, we interview Ken Corsini, star of HGTV’s Flip or Flop Atlanta! Ken pulls back the curtain and shares fantastic insight and knowledge into several areas of real estate investing, from house flipping to new construction to owning a real estate brokerage!
In this episode, we cover Ken’s methods for finding deals in hot markets, how to recognize general contractor “price creep” (and what to do about it), and how to craft multiple exit strategies that will serve you in any market. Ken also shares some fantastic insight regarding his technique for staying flexible to protect himself from market downturns that you do NOT want to miss (if you value keeping money over losing it)!
In This Episode We Cover:
- Why Ken kicks himself for selling houses he flipped
- How he adapted to a changing market when hedge funds took over
- How he started a construction business to keep up with the growing demand for big rehabs
- How he recognizes what the best strategy is for each market
- What “price creep” is—and what to do when you find it
- Why adaptability is your best ability
- And SO much more!
Links from the Show
- BiggerPockets Forums
- The Office (TV series)
- BiggerPockets’ Calculators
- BiggerPockets’ Rehab Estimator Calculator
- Turn-Key Property Investing: An Interview with Ken Corsini
- How to Buy Your First Home or Investment Property with No Down Payment (Carleton Sheets)
Books Mentioned in this Show
- Good to Great by Jim Collins
Fire Round Questions
- What are thoughts on building a duplex or triplex, or something like that?
- I’m trying to figure out how to estimate what the new home(s) will be worth
- What have you found as the best financing for new construction of investment properties?
- What type of insurance do you all recommend for short term real estate holding and construction?
- Could I hypothetically take a whole rundown neighboorhood and turn it into a highly desirable place to live?
- My question is what is the best way to legally structure to protect us both and also best structure tax wise?
Tweetable Topics:
- “I don’t think you can stay relevant if you don’t watch the signs and learn to adapt your business.” (Tweet This!)
Connect with Ken
- Ken’s Company Website
- Fix or Flop Atlanta (HGTV)
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Interested in building giant wealth through multifamily real estate investing? Well, on today’s show, we interview someone who already has. Michael Becker is an experienced multifamily investor who’s mastered the genre and simplified the process for being successful! Michael shares what every new investor needs to know about avoiding the biggest mistakes in multifamily, how to invest no matter the market or how hot it is, four problems to watch out for that led to the last recession, and a lot more! You DO NOT want to miss the deep dive where Michael shares how he and his partners made $10M in profit using a combination of BRRRR, syndication techniques, private money, and prudent decision-making. If you’ve ever thought about moving into multifamily investing at some point, don’t miss this show!
In This Episode We Cover:
- How Michael got into real estate
- The value of partnerships and networking
- Tips for buying 16 multifamily units
- What a cap rate is
- His thoughts on a crash and timing the market
- How he raises money for a deal
- Relationship-building and how it helps in any business
- Advice for using webinars to pitch
- Tips for raising capital
- Why you want to keep presentations simple
- Unique advantages of Fannie Mae and Freddie Mac loans
- Single family rentals vs. multifamily
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Brandon’s Twitter Profile
- Brandon’s Instagram
- BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman
- BiggerPockets Podcast 279: How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman
Books Mentioned in this Show
- The Millionaire Real Estate Agent by Gary Keller
- The ABCs of Real Estate Investing by Ken McElroy
- The Advanced Guide to Real Estate Investing by Ken McElroy
- Am I Being Too Subtle by Sam Zell
Fire Round Questions
- Should we have an inspector walk through every unit?
- How do I do my first multi family syndication with no money down?
- Would you purchase all three together and secure one commercial loan for the properties or do I have to get three separate loans?
Tweetable Topics:
- “It’s much better to be the borrower than the lender when it comes to investing.” (Tweet This!)
- “All you really have to do is to close a deal or two.” (Tweet This!)
- “The world is full of capital.” (Tweet This!)
- “You don’t need to have everything. You just need to have access to it.” (Tweet This!)
Connect with Michael
- Michael’s Company Website
- Michael’s Podcast
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In today’s epic show, we interview World Series of Poker bracelet champion Annie Duke. Annie is a nationally sought-after speaker who combines her mastery of poker with a study of the cognitive sciences in a truly unique and brilliant way.
In this show, you’ll have your mind blown by Annie’s insights regarding following conventional wisdom (even if it doesn’t make sense), focusing too much on the results (and not enough on the right choice), and accepting a level of uncertainty to gain a HUGE advantage over your competition. Annie’s theories on “thinking in bets” are designed to help others navigate a world where we can’t be certain of an outcome, but still come out on top over time.
This is an absolute can’t-miss episode for those looking for strategies to overcome apprehension, fear, or uncertainty. Be sure to listen to this incredibly brilliant and powerful interview—and get the tools to take your next steps today!
In This Episode We Cover:
- Annie’s backstory and how she got into professional poker
- Her concept of risk management
- Thoughts on luck and circumstances we have no control over
- Elements of luck versus elements of skill
- Pete Carroll’s endgame decision
- The concept of “resulting”
- What constitutes a consensus choice
- Winning and losing—and caring about your decision-making process
- The difference between real estate investing and poker
- The importance of confidence and certainty
- Why one shouldn’t be afraid of losing and being blamed
- A champion versus a victim
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Rounders
- BiggerPockets Podcast 074: Buying My First Investment Property- A Newbie Podcast with Jordan, Jacob and Jeromie
- Jordan Thibodeau’s Author Profile
- Scott’s Instagram
- David’s Instagram
- BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
Books Mentioned in this Show
- Thinking in Bets by Annie Duke
- The Miracle Morning by Hal Elrod
- The Geometry of Wealth by Brian Portnoy
- Decide to Play Great Poker by Annie Duke
- Superforecasting by Dan Gardner and Philip E. Tetlock
- Extreme Ownership by Jocko Willink
- Radical Candor by Kim Scott
- Thinking, Fast and Slow by Daniel Kahneman
- The Signal and the Noise by Nate Silver
- Set for Life by Scott Trench
Tweetable Topics:
- “Every decision, even small executional decisions all the way to the larger goals, carries risks.” (Tweet This!)
- “There are no small decisions.” (Tweet This!)
- “The most important person we need to worry about pointing fingers at is ourselves.” (Tweet This!)
Connect with Annie
- Annie Duke’s Personal Website
- Annie Duke’s Twitter Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What does it take to truly find financial independence? Money? Deals? Mentors? Or could it be something else entirely… something intangible? In this episode of the BiggerPockets Podcast, we sit down with Rock Thomas, a real estate investor and agent who shows others the simple mindset shifts needed to achieve financial freedom. In other words, it’s time to work on YOUR “money blueprint.” Through Rock’s story, you’ll learn the most important skills any individual needs to achieve in any field, the best way to find and attract mentors who can teach you the path, how to change your “operating system” to one that is far more successful, and so much more. With powerful stories, humor, and insight, Rock’s story is one you won’t want to miss!
In This Episode We Cover:
- Rock’s backstory as a worker on a farm
- What mentors look for into someone
- How he used pain to propel himself forward
- Saying yes to opportunities, no matter how difficult
- The importance of having what it takes
- Why you should seek out people with energy
- Being the guy who solves any problem
- The 4 money personality types
- The type of properties he invests in
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- GoBundance
- How to Change the Way You See Yourself | Rock Thomas | Goalcast
- BiggerPockets Podcast 250: Grant Cardone on Multifamily Investing and Why You Should Never Buy a House!
- BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
- BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn
Books Mentioned in this Show
- Nothing Down for the 2000s by Robert G. Allen
- Rich Dad, Poor Dad by Robert Kiyosaki
- The ONE Thing by Gary Keller and Jay Papasan
- Rich Dad’s Cashflow Quadrant by Robert Kiyosaki
- Why the Rich Are Getting Richer by Robert Kiyosaki
- E- Myth Revisited by Michael Gerber
- Rocket Fuel by Gino Wickman & Mark Winters
Fire Round Questions
- Any ideas on how I get get financing for my first deal?
- What are some methods/strategies to lower my upfront costs for the down payment, while not getting beat up on interest rates?
- What should I have in my contract and what should I look for in doing a seller finance deal?
- Can a landlord evict a tenant for not paying all of the security deposit?
- What qualities define a great mentor?
Tweetable Topics:
- “Mentors, you want to admire them and you want to be them.” (Tweet This!)
- “When you step in the room and you feel you’re not the smartest guy, you’re in the right room.” (Tweet This!)
- “Get comfortable with being uncomfortable.” (Tweet This!)
- “You can get anything you want in life as long as you are committed and creative.” (Tweet This!)
- “Find what pisses people off and solve it for them.” (Tweet This!)
Connect with Rock
- Rock Thomas’ Personal Website
- Rock Thomas’ Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Are you interested in learning how to flip 8-12 houses a month at $30k a pop? Well, this episode may be just what you’ve been looking for! On today’s show, we interview Melissa Johnson—house flipper extraordinaire and owner of the company Lead Propeller, a service that provides websites to help motivated sellers find real estate investors. Melissa provides some incredible information regarding how they find motivated sellers, how they negotiate deals, how they sync up with the best contractors! You won’t want to miss the three things your website NEEDS to generate seller leads, as well as the exact process to estimate rehab costs! Melissa and her husband Danny run the podcast Flip Junkie, and in this episode, they pull back the curtain to reveal the secrets to their business. Don’t miss out on your chance to learn from a seasoned pro!
In This Episode We Cover:
- Melissa’s story of getting into real estate
- How everything went wrong on her first deal
- Why she doesn’t recommend a “burnout”
- Their amazing average flip volume and profit (hint: 8-12 deals a month!)
- Her top three lead sources
- How she uses SEO to her advantage
- Advice on putting up a website
- A discussion on flipping vs. wholesaling
- How to find the right contractor
- Tips for figuring out rehab costs
- Things to do when you go over budget
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- Mission Meats
- BiggerPockets Perks
- BiggerPockets Podcast 144: Getting Out of Your Comfort Zone and Kicking Butt at Real Estate with Danny Johnson
- BiggerPockets Podcast 018 : Flipping, Marketing, and Wholesaling with Danny Johnson
- Episode 2: Is Wholesaling Illegal? w/Brandon Turner (FlippingJunkie Podcast)
- Skitch
- BiggerPockets Rehab Estimator Calculator
- BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
- BiggerPockets Podcast 284: The “Miracle” Behind Becoming a Millionaire with Hal Elrod and David Osborn
- LeadPropeller
Books Mentioned in this Show
- The Miracle Morning by Hal Elrod
- Flipping Houses Exposed by Danny Johnson
- The Five Temptations of a CEO by Patrick Lencioni
- The Advantage by Patrick Lencioni
- Grit by Angela Duckworth
Fire Round Questions
- What is the best way to go about finding a dependable, trustworthy contractor in a large city?
- What is your criteria for finding a project manager?
- Do you strictly work with licensed and insured contractors?
- How do you “ballpark” the repair costs for a flip and for a rental so that the turnaround on an offer is faster?
- What do you feel are the top 3 skills to do yourself rather than hiring a contractor?
- What are the best types of loans to get for buying rental properties and rehabbing them?
Tweetable Topics:
- “We are selling them solutions to their problems.” (Tweet This!)
- “Sellers feel more comfortable with people who seem real.” (Tweet This!)
- “We need to be the ones in control of the situation, not the contractor.” (Tweet This!)
Connect with Melissa
- Melissa’s BiggerPockets Profile
- Danny Buys Hosues
- Flipping Junkie
- Flipping Junkie Youtube Channel
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Are you happy with the current state of your real estate business? If you’re like most people, the answer is no. On today’s show, we interview property management superstar Jesse McCue and dig deep into how he’s became Maine’s top property manager as well as a successful RE investor along the way. Jesse shares how he formed a partnership with a successful business to become an owner of the company, as well as how he bought a 67-unit hotel off of a tip from his electrician for half of its appraised value! You’ll be amazed as he describes a strategy that is “better than BRRRR”—and most importantly, the number one question you need to ask a property manager to find out if they are the right choice for you. If you want to learn how to put fundamental business skills to work in your investment business, this is a show you do not want to miss!
In This Episode We Cover:
- How Jesse was bitten by the real estate investing bug
- How he turned around a property in 6 months that required 8 years of budgeted rehab money
- The tactics he uses to hire people to help him scale his business
- How he made himself invaluable to a rising star and formed the perfect partnership
- The questions you need to ask a property manager to determine if they are a rockstar or a dud
- Tips on buying a motel
- The “better than BRRRR” strategy
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock
- The Surprisingly Simple Reason Why You Feel Stressed (Blog)
- Rent Manager Property Management Software
- Buildium
- AppFolio
Books Mentioned in this Show
- 4-Hour Work Week by Timothy Ferriss
- The Book on Managing Rental Properties by Brandon Turner & Heather Turner
- The Snowball: Warren Buffett and the Business of Life by Alice Schroeder
Fire Round Questions
- What questions Should you ask property managers in an interview to get a feel for which ones are the best?
- How do you start a Property Management Company?
- What is the expected turn around for getting a property ready for a new renter by a property manager?
- When is self managing too much?
- What are some of your absolute “No’s” when screening tenants?
- I am about to have my first renter, what are some do’s and don’t that you would recommend?
Tweetable Topics:
- “When you know the people, you know what’s going on.” (Tweet This!)
- “If you are unhappy, your systems are broken.” (Tweet This!)
- “Do the things that make you feel light and not the things that make you feel heavy.” (Tweet This!)
Connect with Jesse
- Jesse’s BiggerPockets Profile
- Jesse’s Company Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Have you ever thought about retiring early, traveling, and living your best life now? On today’s show, we interview Chad Carson, author of the new BiggerPockets Publishing book Retire Early With Real Estate.
Today Chad shares how he and his partner were able to accumulate 90 units and live purely off the money generated by their portfolio! In this episode, learn how Chad got started and the steps he took to elevate his business and which strategies he used to make $120,000 on one flip!
Chad’s story covers the gamut of flipping, wholesaling, buy-and-hold, and more. If you want to know what it looks like to retire early with real estate (including what you may be doing wrong right now, and how to change that), this is an episode you definitely want to download now!
In This Episode We Cover:
- Chad’s strategies for retiring early through real estate
- If focusing on cash flow or equity is the smarter move
- How to control your budget
- If offense or defense is more important when it comes to building wealth
- How Chad made $120K in one flip
- How tax-lien strategies work — and what Chad did to capitalize on them
- Why “starter” investment homes aren’t always the best choice to stick with
- How to transition from wholesaling to other investment strategies
- How many hours you can expect to work each week once you’ve retired early with real estate
- How “the stack” can help you grow your portfolio fast and efficiently
- How house hacking can lead to an early retirement
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Podcast 084: Getting Started with Creative Finance and Designing Your Ideal Lifestyle With Chad Carson
- BiggerPockets Podcast 141: 7 Ways to Find Incredible Real Estate Deals with Chad Carson
- BiggerPockets Store
- BiggerPockets Money Podcast
- The Shockingly Simple Math Behind Early Retirement – Mr. Money Mustache
Books Mentioned in this Show
- Retire Early With Real Estate by Chad Carson
- 4-Hour Work Week by Timothy Ferriss
- Building Wealth One House at a Time by John Schaub
- Big Shifts Ahead by John Burns
- Wooden by John Wooden
Fire Round Questions
- What is the best advice you got when you where first starting out or before you purchase your first investment?
- How long do you spend each day, working with real estate?
- Can you retire early with a few paid off rentals?
- Can I really retire early on 4 duplexes?
- Is house hacking to early retirement a viable strategy?
- Real estate or Roth IRA?
- How do you set your criteria for rental property investing?
Tweetable Topics:
- “Our core skill as an investor is figuring the value of real estate.” (Tweet This!)
Connect with Chad
- Chad’s BiggerPockets Profile
- Coach Carson Website
- Chad’s LinkedIn Profile
- Chad’s Facebook Profile
- Chad’s Instagram Profile
- Chad’s Twitter Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Can you really create a massive real estate empire in a short time when starting with almost nothing? In today’s episode, you’ll not only discover that it’s possible, but you’ll see exactly how it was done. We sit down with Ryan Pineda, a former baseball player who got his start with just $10k while doing deals from the dugout. Ryan shares with us the exact strategies he’s using to more than double the number of deals he’s doing each year—and how he’s done that for the past four years. You’ll learn how he’s finding enough leads to flip 10 deals a month, how he’s able to buy long-distance, how he’s leveraging others so he can get more done, and much more.
In This Episode We Cover:
- Ryan’s background and how he got into flipping
- How he started flipping everything (including couches!)
- Closing 100 deals
- The details of his first deal
- The difference between hard money and private money lenders
- What his business looks like
- Using relationships to find deals
- How agents can influence a deal
- Finding great wholesalers and getting deals from them
- How Ryan’s funnel works
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Events
- BiggerPockets Podcast 264: Gary Vaynerchuk on Finding Deals Through Social Media & Crushing It as an Entrepreneur
- 7 Years to 7 Figure Wealth
Books Mentioned in this Show
- Will You Be My Mother by Sally Huss
- Flip Your Future by Ryan Pineda
- Investing with Low or No Money Down by Brandon Turner
- The Book on Flipping Houses by J. Scott
- Long-Distance Real Estate Investing by David Greene
- The Everything Store by Brad Stone
- Elon Musk by Ashlee Vance
- Shoe Dog by Phil Knight
Fire Round Questions
- How do you rehabbers make the numbers work?
- Making improvements that increase the value of each property you buy by 10%. Suggestions?
- What are the common signs that a property has issues?
- How do you deal with bad neighbors?
- Just got my first booking and my guest was asking if they could check out like 4-5 hours later than my check out time
Tweetable Topics:
- “You have to know what the other roles need in order to train somebody to do it.” (Tweet This!)
- “Wholesalers are contract flippers.” (Tweet This!)
- “If the numbers work for me, then let’s do business.” (Tweet This!)
Connect with Ryan
- Ryan’s Company Website
- Ryan’s LinkedIn Profile
- Ryan’s Facebook Profile
- Ryan’s Instagram Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Are you struggling with finding deals in today’s market, where the best properties go fast? On today’s show, we interview Neal Collins, an investor in the red hot Portland Oregon who has figured out a way to find deals before anyone else even sees them! Neal shares the brilliant strategy he’s created to build a world where the best deals find him.
In this show, you’ll learn how Neal was able to find a 4-plex to house hacked—and how he made an additional $8-10k a month, as well as how he built a property management company and real estate brokerage (hint: he created an army of deal finders that get paid to make him money and find him deals) where he does none of the work but reaps all of the profits, and his brilliant, simple strategy for raising private money than anyone can replicate (he really hits the nail on the head with this one).
If you’re looking for a solid, profitable, and step-by-step process to make money and build wealth with real estate, you won’t want to miss how Neal did just that!
In This Episode We Cover:
- Neal’s journey to real estate investing
- How he accidentally got into seller financing
- The importance of being able to pivot and change investment strategies
- The kinds of properties he looks for
- His thoughts on Airbnb and short-term rentals in general
- How he got into managing other people’s properties
- His experiences managing 200 units and owning a brokerage
- Three things every investor looks for: returns, security, and customer service
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- Brandon’s Instagram
- David’s Instagram
- GoBundance
- Airbnb
- Properly (App)
- BiggerPockets Youtube Channel
- Be a Guest on the Podcast
Books Mentioned in this Show
- Long-Distance Real Estate Investing by David Greene
- Confessions of a Real Estate Entrepreneur by James A. Randel
- Shoe Dog by Phil Knight
Fire Round Questions
- How do you reset for your next short term rental guests?
- What “extra” amenities do you provide to make the stay special?
- I wanted to know if anyone has a solution for reducing the time it takes to get through turning over linens in your short term rentals?
- I’ve read that some experts present themselves to tenants as the property manager, not the landlord.
Tweetable Topics:
- “They talk about the numbers, but they are not talking about the work.” (Tweet This!)
- “You have to leverage other people’s time and experience or build systems so that you can leverage your own time to do that.” (Tweet This!)
- “The deals are not going to come to you. If you’re not consistently swinging the bat, you’re not going to hit the ball.” (Tweet This!)
Connect with Neal
- Neal’s BiggerPockets Profile
- Neals Company Website
- Email Neal
- Neal’s LinkedIn Profile
- Neal’s Facebook Profile
- Neal’s Company Instagram Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Are you ready to get really excited about the life possible through real estate? This show will go down in BP history as one of the foundational episodes: Brandon Turner and David Greene dive deep into seven unique and powerful strategies for building a real estate business that can fill your life with cash—not work. You’ll love the humor, the stories, the lessons, and the tips throughout! This episode is one you’ll come back to time and time again. Plus — as an added bonus — Josh Dorkin comes back to the BiggerPockets Podcast to explain where he’s been and what the future of the BiggerPockets Podcast will look like! Don’t miss a moment of this powerful show!
In This Episode We Cover:
- Cashflow through rental properties
- What a turnkey property is and who it’s for
- BRRR Strategy
- Challenges with BRRR investing
- Note investing, lending, syndication, & crowdfunding
- The scale of passivity
- The first question David asks to people who want to do business with him
- House flipping
- Ways to become a CEO of a flipping business
- Multifamily investing
- Buying one house a year
- The Stack
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Podcast 014 : Cash Flow, Creative Finance, and Life with Ben Leybovich
- BiggerPockets Podcast 279: How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman
- BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn
- BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan
- BiggerPockets Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager
- BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock
- 7 Powerful Benefits To Mobile Home Park Investing
- How to Build Your Real Estate Portfolio Faster Using “The Stack” (blog)
- BiggerPockets Money Podcast
- BiggerPockets Podcast 283: 18 Houses in the First 18 Months with Paul Thompson
Books Mentioned in this Show
- Real Estate Note Investing by Dave Van Horn
- The ONE Thing by Gary Keller and Jay Papansan
- So Good They Can’t Ignore You by Cal Newport
- Raising Private Capital by Matt Faircloth
- Own the Day, Own Your Life by Aubrey Marcus
- 59 Seconds by Richard Wiseman
- The Big Leap by Gay Hendricks
- High Performance Habits by Brendon Burchard
Tweetable Topics:
- “The goal is to buy a house as cheaply as you possibly can and make it worth as much as you possibly can.” (Tweet This!)
- “With every hire you make, your business should make more money.” (Tweet This!)
Connect with Brandon and David
- Brandon’s Instagram
- David’s Instagram
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Building a real estate business can be one of the best ways to achieve financial freedom. The problem for most, however, is money: There simply isn’t enough in your hands to get all the deals you want. That’s why today’s show might be the most impactful podcast episode you’ve ever heard. In today’s interview with Matt Faircloth, author of the new book Raising Private Capital, shares the steps needed to begin raising money from others to fund your real estate deals. You’ll discover the different types of private capital (and how to approach each), how Matt and his wife were able to grow from 30 units to over 300 (!) using other people’s money, and why talking about metrics to a private lender might not be a great idea at first. If you want to 10x your real estate portfolio or build your empire faster, this is one show you can’t afford to miss!
In This Episode We Cover:
- Who Matt Faircloth is
- How they’ve reached 380 units to date
- Tips for building wealth by investing in business
- What you should know about opportunity cost
- Finding deals versus making good deals
- How to raise private money
- Tips for starting a business with friends and family
- A role-play call with David
- The number one question potential cash providers ask
- Why you should start with debt
- A new way to look at debt
- When the SEC gets involved
- About his book
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Brandon’s Instagram
- David’s Instagram
- BiggerPockets Instagram
- BiggerPockets Store
- BiggerPockets Podcast 203: Finding Deals, Funding, Contractors, and Mentors with Matt and Liz Faircloth
- BP Podcast 088: Investing with Your Spouse, Managing Financials, and Growing Your Team with Matt and Liz Faircloth
- BiggerPockets Webinar
- BNI
- BiggerPockets Pro Replay
- BiggerPockets Hard Money Lenders
Books Mentioned in this Show
- Rich Dad, Poor Dad by Robert Kiyosaki
- Rich Dad’s Cashflow Quadrant by Robert Kiyosaki
- Raising Private Capital by Matt Faircloth
- Lifeonaire by by Steve Cook & Shaun McCloskey
Fire Round Questions
- What kind of rates are investors getting from private lenders? What’s the holding period?
- Is there a serious, reliable source for PM lenders available?
- Would a loan from friends and family be considered private money?
- If you do pay for your coach, how does the fee work
- Whats up with the investors/mentors?
- Do I need a basic contract to use when raising private money, even from people I know and trust, even for family?
- Are there specific rules around raising the 20% down payment that most banks require?
Tweetable Topics:
- “When it comes to raising money, you got to establish trust first.” (Tweet This!)
- “People should start with debt.” (Tweet This!)
- “It’s not about finding good deals, it’s about making good deals.” (Tweet This!)
- “You’ve got to squeeze the lemon and make something out of it.” (Tweet This!)
Connect with Matt
- Matt’s BiggerPockets Profile
- Matt’s Company Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
It takes a long, long time to become successful in real estate and financially free — doesn’t it? Well, not according to the power couple on today’s show! In this episode of the BiggerPockets Podcast, we sit down with Utah’s Jason and Carrie Harris, who have built a sizable portfolio of more than seventy rental units over the past few years. These two have used a variety of creative financing strategies, and the lessons and stories they share are sure to inspire and educate you! Be sure to listen for the story of how they bought a four-plex for no money down, put $3,000 into it, and later made $186,000 in profit from that one deal. It’s unbelievable!
In This Episode We Cover:
- Why real estate?
- Their first deal
- How they bought a four-plex and house-hacked it
- How they finance their deals
- Working their way with the bank
- Their current number of doors
- Commercial financing, residential financing, and partnerships
- Analysing multiple properties
- A deep dive on a deal
- Raising the rent and without losing tenants
- Lessons learned from an amazing deal
- Buying properties with no money down
- Upselling to their clients
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Events
- For Those Who Struggle Financially (Video)
- The Secret to Unlocking Bank Financing (PDF)
- Be a Podcast Guest!
- Brandon’s Instagram
- David’s Instagram
Books Mentioned in this Show
- Rich Dad, Poor Dad by Robert Kiyosaki
- The Book on Investing with Low or No Money Down by Brandon Turner
- Investing in Duplexes, Triplexes, and Quads by Larry Loftis
- The Book on Rental Property Investing by Brandon Turner
- The E-Myth Revisited by Michael E. Gerber
- The E-Myth Real Estate Investor by Michael E. Gerber
Fire Round Questions
- What brings more value, an extra bedroom or a garage space?
- What type of flooring do you use in your rentals, do you use carpet?
- What are your thoughts on investing in a property located in a flood zone?
- Curious to know if there are any good loan options (other than hard or private) that self employed people can use with little to no taxable income
Tweetable Topics:
- “We didn’t have a lot of money so we had to find ways to be creative.” (Tweet This!)
- “You find a good enough deal, the money’s going to be there.” (Tweet This!)
- “There’s a way there’s a solution. You have to make it work.” (Tweet This!)
Connect with Jason and Carrie
- Jason’s BiggerPockets Profile
- Jason and Carrie’s Company Website
- Email Jason and Carrie
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How much money does it take to invest in real estate? Is there really such a thing as “no- or low-money down?” After you hear today’s interview, you’ll know the truth! Today we sit down with Shiloh Lundahl, a real estate investor who specializes in putting together deals using a variety of different no- and low-money strategies in some pretty unique combinations. From utilizing business lines of credit, to bringing in partners, to hard money, to lease options and beyond, this episode will give you tons of ammunition for your own creative finance deals. And don’t miss the incredible strategy that Shiloh uses today to make 300 percent more per deal than if he were to flip the home. It’s pretty darn fantastic!
In This Episode We Cover:
- How Shiloh started his real estate investing journey
- The book that helped him heal
- Details about his first property
- Office hacking and subleasing a sublease
- His first flipping deal — $30K turned to $195K
- How he bought his dream car
- Losing $5K on his first flip
- A hack with city inspectors
- The importance of needing an assistant
- The six different strategies he uses creatively
- Moving to a lease-option model
- Getting $800K in business lines of credit
- Lease options and how he uses them
- Selling properties 5–7 percent higher than the current ARV
- Explaining lease option through videos
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Bookstore
- BiggerPockets Webinar
- BiggerPockets Landlord Forms
- BiggerPockets Pro
- Dave Ramsey
- BiggerPockets Podcast 275: Buying 300 Homes While Working a Full-Time Job with Attorney Rob Oliver
- Lease Option Video
Books Mentioned in this Show
- Long Distance Real Estate Investing by David Greene
- Rich Dad, Poor Dad by Robert Kiyosaki
- Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki
- The Book on Investing with Low or No Money Down by Brandon Turner
- The Richest Man in Babylon by George S. Clason
- Shoe Dog by Phil Knight
Fire Round Questions
- I’m a little confused between lease option, lease purchase, and subject to. Doesn’t the existing financing stay in place for all three?
- Have you ever done a lease option agreement with seller for 6 months and lease option the property to buyer for 3 months?
- Lease Option Contract vs Rental Agreement & separate Option Agreement
- Am I crazy for considering a lease option to get out from under a low performing property?
- When you are lease optioning homes to tenants/buyers, what percentage actually end up exercising the options?
Tweetable Topics:
- “Frustration comes from unmet expectations.” (Tweet This!)
- “Each deal I learn quite a bit from it.” (Tweet This!)
Connect with Shiloh
- Shiloh’s BiggerPockets Profile
- Shiloh’s Company Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Ever have a conversation that is just impacts your life so powerfully you wish you could share it with everyone? That’s exactly what our conversation on today’s episode of the BiggerPockets Podcast is! Our guest, AJ Osborne, shares an incredible story of building his real estate business — which focuses on self-storage facilities — as a way to transition his family from rich to wealthy (and yes, there is a difference!) This show is packed with insight from AJ, including:
- How a loss on his first deal directly led to millions of dollars in later profit
- How to find underperforming real estate deals
- How he made $13,000,000 in equity from a old Kmart building
- And the medical emergency that put his real estate to the ultimate survival test while AJ fought for his life (this story will shock, amaze, and inspire you!)
This show is one of the most powerful episodes yet of the BiggerPockets Podcast, and we’re excited for you to dive in!
In This Episode We Cover:
- His first deal that didn’t go the way he wanted… but the logic behind doing that deal (super important for every newbie)
- The difference between being rich and being wealthy
- Picking a wealth vehicle — and the difference between a Ferrari and a train
- How to find an underperforming self storage building and turn it around (applies to any kind of real estate)
- The Kmart story that helped him build around $13,000,000 in equity
- Price / Convenience / Quality
- Coma: “One of the most incredible stories I’ve ever heard”
- Subsequent: Does your business survive “the coma test”?
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Podcast 245: Creating Wealth that Lasts Generations with Bestselling Author Ryan Holiday
Books Mentioned in this Show
- The Essays of Warren Buffett by Warren Buffet & Lawrence A. Cunningham
- The Obstacle is the Way by Ryan Holiday
- Conspiracy Ryan Holiday
Fire Round Questions
- What are the conditions that make for an ideal development opportunity?
- Is there any issue with renting out a storage unit in a self storage facility then subleasing it out to someone else?
- Is Loopnet the best source for self-storage deals or is there another website that focuses exclusively on self-storage?
- Managing Self Storage how far is too far?
Tweetable Topics:
- “It’s not about overthinking things. It’s about finding things that work and putting them into action quickly.” (Tweet This!)
- “There’s no way you win in life without having your agenda and being purposeful towards your agenda.” (Tweet This!)
- “The economic downturn was my lucky break.” (Tweet This!)
- “Work ethic is not enough.” (Tweet This!)
Connect with Aj
- AJ’s Blog
- AJ’s Instagram
- AJ’s Facebook Profile
- AJ’s Twitter Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Is there such thing as a “perfect investment?” According to today’s guest, yes. Today on the BiggerPockets Podcast we sit down with Paul Moore, a real estate investor whose 18-year journey through real estate has included house flipping, new construction, hotels, and finally—multifamily. In this episode, Paul shares three powerful reasons why multifamily might just be the most perfect real estate investment. You’ll learn how Paul discovered the vital difference between investing and speculating, why falling in love (with a deal) is incredibly dangerous, and the huge real estate gamble that Paul made that cost him $40,000. If you plan to eventually buy small multifamily properties, this is one podcast episode you can’t miss!
In This Episode We Cover:
- Paul’s history and how he got into real estate
- Bought a house for $34,000—painted it, and sold it for $65,000
- Never fall in love with a deal
- From two failed flips to 50 successful ones!
- The difference between gambling and investing
- How he built a Hyatt hotel with a partner and lost money
- Some reason behind the dropping of homeownership
- Why he thinks multifamily properties are perfect investments
- How he looked at 180 deals this year
- He sold an HR company in ’97 for almost $3 million. Ten years later he was 2.5 million in debt.
- How he was able to end up debt free 13 months later
- Financing an $8.7 million multifamily property
- What is a green loan program?
- The journey to a syndication process
- How he’s been able to write a book, have a podcast, and write for BiggerPockets
- Networking through BiggerPockets
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinars
- Tim Ferriss Show
- BiggerPockets New Member Introductions Forums
- NMAC Conference
Books Mentioned in this Show
- Mastering the Rockefeller Habits by Verne Harnish
- The Perfect Investment by Paul Moore
- The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges
- The ONE Thing by Jay Papasan and Gary Keller
Fire Round Questions
- What is a good way of finding multifamily owners if it’s owned by an LLC?
- Where do you gets your numbers when it comes to multifamily units?
Tweetable Topics:
- “Every percent drop in home ownership means a million new people in the renter pool.” (Tweet This!)
- “When baby boomers rent, they never return to buying again.” (Tweet This!)
- “Don’t fall in love with a deal.” (Tweet This!)
- “Wealth built up slowly over time is the key to become successful.” (Tweet This!)
Connect with Paul
- Paul’s Company Website
- Paul’s Podcast
- Paul’s Posts on BiggerPockets
- Paul’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Wealth is not an accident, it’s a choice. And on today’s powerful episode of The BiggerPockets Podcast, you’ll learn exactly how to make that choice each and every day. We’re excited to bring back two return guests, Hal Elrod and David Osborn, to talk about the choices that wealthy people make to ensure they stay focused on reaching their goals. You’ll hear about Hal’s recent battle with cancer and the mindset that allowed him to overcome the odds and live. You’ll discover how your diet can make you wealthy and how to command your day from the moment you wake—even if you aren’t a morning person. And you’ll discover the powerful concept of having an “air game” in addition to your “ground game”—and how understanding the distinction can make you wealthier than you have ever dreamed. Packed with wisdom, humor, and incredible insight, this show will leave you pumped up and ready to choose wealth.
In This Episode We Cover:
- Hal’s cancer survival story and the Miracle Morning movie
- David’s latest updates
- What their miracle mornings look like
- How Miracle Morning for Millionaires came to be
- Overcoming the “but I’m not a morning person” objection
- How to own your agenda
- Choosing to be wealthy
- How to find the right group of people
- The thing that’s more effective than work ethic
- Tips on self leadership
- How to develop unwavering focus
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
- BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn
- BiggerPockets Webinars
- Illuminate Film Festival
- Why I Don’t Want To Get Rich (And Why You Shouldn’t Either) (Article)
- GoBundance
Books Mentioned in this Show
- The Miracle Morning by Hal Elrod
- Miracle Morning Millionaires by Hal Elrod, David Osborn & Honoree Corder
- Secrets of the Millionaire Mind by T. Harv Eker
- Rich Dad Poor Dad by Robert T. Kiyosaki
- Rich Dad’s CASHFLOW Quadrant by Robert T. Kiyosaki
- Wealth Can’t Wait by David Osborn
Tweetable Topics:
- “It’s not about overthinking things. It’s about finding things that work and putting them into action quickly.” (Tweet This!)
- “There’s no way you win in life without having your agenda and being purposeful towards your agenda.” (Tweet This!)
- “The economic downturn was my lucky break.” (Tweet This!)
- “Work ethic is not enough.” (Tweet This!)
Connect with Hal and David
- The Miracle Morning Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Start slow—or take off like a rocket? When it comes to real estate investing, the choice isn’t the same for all. This week, our guest Paul Thompson made a clear choice: Rocket! After realizing the fragile nature of his six-figure salary, he set out to replace his salary with passive income—as quickly as possible. This led him to average a new home purchase every month for the first year and a half, and soon he had true financial freedom and quit his 9–5. This show is packed full of actionable tips, including some never-before-heard-on-this-podcast strategies for finding deals with the use of virtual assistants, Craigslist, and cold calling! This is one episode for which you’ll need to take some notes, so grab a notebook and let’s get into it!
In This Episode We Cover:
- Paul’s backstory prior to real estate investing
- His first deal doing the BRRRR method
- What is escape velocity?
- P.I.L.E. (Passive Income greater than your Living Expenses)
- How he manages his properties
- Finding private money lenders through BiggerPockets
- His system in making offers
- Things he looks for in each deal
- How to negotiate for seller financing
- Subject-to explained
- Why does he L.I.E. every day?
- His interesting thoughts about money
- How he balances his time
- The third-party catalyst
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- David Greene’s Twitter Profile
- David Greene’s Instagram
- Brandon’s Twitter Profile
- Brandon’s Instagram
- BiggerPockets Twitter Profile
- BiggerPockets Instagram
- BiggerPockets New Member Introduction Forums
- Upwork
- Screen-O-Matic
- Zillow
- Craigslist
- CallRail
- Podio
- Zapier
- Google Duplex
- GoBundance
- How I Analyzed a Deal in 5 Minutes (& Bought it Before Anyone Else Could)
- Uber
- Turo
- BiggerPockets Podcast Guest Form
Books Mentioned in this Show
- Long-Distance Real Estate Investing by David Greene
- The Book on Investing with No and Low Money Down by Brandon Turner
- Building Wealth One House at a Time by John Schaub
- The Richest Man in Babylon by George S. Clason
- The Pumpkin Plan by Mike Michalowicz
- Profit First by Mike Michalowicz
- The Big Leap by Gay Hendricks
Fire Round Questions
- How detailed of a plan for financing do I need before I start actively hunting for deals?
- What niche/strategy will yield the most results, direct mail for subject to and owner financing or finding partners/private money?
Tweetable Topics:
- “How many deals do you have is the wrong question to ask. It’s how much cashflow are you generating?” (Tweet This!)
- “Never assume that what is important to you is important to the other party.” (Tweet This!)
- “There is plenty of money for the things you really want.” (Tweet This!)
- “You don’t want cash, you want what cash can give you.” (Tweet This!)
Connect with Paul
- Paul’s BiggerPockets Profile
- Paul’s Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
When does one plus one equal WAY more than two? Real estate partnerships! On this episode of The BiggerPockets Podcast, we sit down with two real estate investors (Jay Helms and Tim Kelly) who were attempting to build their business alone, but found they could do far more together. In this fun and fast-paced interview, you’ll learn what makes their partnership so successful, as well as how the team analyzes a market (including several can’t-miss online research websites), and how they took down a 42-unit apartment complex using some pretty fantastic creative financing. Whether you plan to build your empire alone or alongside a partner, this episode is sure to give you a variety of tips and strategies to help your business take off.
In This Episode We Cover:
- Tim’s background story and how he got into real estate
- Using 203k loans to buy deals
- Jay’s background and his live-in flip
- Why they think they make up a good team
- How they closed on an apartment complex 6-months after partnering up
- How they found the deal and details about it
- The importance of a clear and concise plan
- How they financed the deal
- Tips for finding the right partners
- How to create a “sample deal package”
- What to look for in a partner
- Why they participate in the BiggerPockets Forums
- How to network effectively
- What a good deal is for them
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Podcast 066: Flips, Apartments, & Protecting Yourself From Professional Tenants with Michael Blank
- BiggerPockets Events
- BiggerPockets Marketplace
- Best Places
- Bureau of Labor Statistics
- City Data
- Yelp
Books Mentioned in this Show
- How to Win Friends & Influence People by Dale Carnegie
- Rich Dad Poor Dad by Robert Kiyosaki
- The ABCs of Real Estate Investing by Ken McElroy
- Sovereignty: The Battle for the Hearts and Minds of Men by Ryan Michler
- Wild at Heart Field Manual by John Eldredge
- Tax-Free Wealth by Tom Wheelwright
Fire Round Questions
- Sellers Do Not Want to Give Due Diligence. What Do I do?
- If u had no ties 2 any city,Where would u move 2 start investing?
Tweetable Topics:
- “Is there a better way to first get involved in real estate than to leverage the power of the bank?” (Tweet This!)
- “Once you figure out your why, then you will be able to set goals to support that why.” (Tweet This!)
- “It’s more important to pick something than to get stuck choosing the right thing.” (Tweet This!)
- “I want to live where I want to live and invest where it makes sense.” (Tweet This!)
Connect with Tim
- Tim’s BiggerPockets Profile
- Tim’s Facebook Profile
- Tim’s LinkedIn Profile
- Tim’s Instagram Profile
- Tim’s Website
Connect with Jay
- Jay’s BiggerPockets Profile
- Jay’s Facebook Group
- Jay’s Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Your first deal might just be your most important — because it leads to all the rest. That’s why it’s so imperative to study others who have just recently purchased their first deal! So today we’re excited to bring you a mashup episode, in which we sit down with three different investors to hear how they bought their first few investment properties. You’ll hear how Bill went from ex-con to house hacker, how Jacob used some highly creative methods to find his first deals, and how David is building an empire from across the ocean. Don’t miss a moment of this powerful episode!
In This Episode We Cover:
Bill
- Being imprisoned for 10 years
- What changed in prison for Bill
- Starting your business on the side
- How he ended up investing in real estate
- What went in his head with his first investment property
- The beauty of keeping expenses low
- Having tiny little steps
Jacob
- Jake’s investing path
- How he got into real estate
- Buying a $25,000 house with a $140 monthly mortgage
- Going for the smaller banks
- Investing at a very young age
- Joining local Facebook pages
- His criteria for finding properties
David
- David’s story and how he got to Hawaii
- BRRR, OD, and HELOC
- Paying close to 5 percent on a 10-unit apartment
- Having a great team you can trust
- How he built a meet up in Hawaii
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinars
- BiggerPockets Podcast 277: Building a Six-Figure Family Real Estate Business with Ashley Wilson
- BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
- BiggerPockets Events
- Dad Powered
- Brandon’s Instagram Profile
- David’s Instagram Profile
Books Mentioned in this Show
- The 21 Irrefutable Laws of Leadership by John C. Maxwell & Steven R. Covey
- Awaken the Giant Within by Anthony Robbins
- Rich Dad Poor Dad by Robert Kiyosaki
- Long-Distance Real Estate Investing by David Greene
- The Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets
- The Advanced Guide to Real Estate Investing by Ken McElroy
- How to Win Friends & Influence People by Dale Carnegie
- The Miracle Morning by Hal Elrod
- The 80/20 Principle by Richard Koch
Tweetable Topics:
- “My success story didn’t started when I got out (from prison), it started right away in the very beginning.” (Tweet This!)
- “Quit the things that are holding you back and have you put in the exact location you are.” (Tweet This!)
- “Find a market that makes sense.” (Tweet This!)
- “I want to buy something that is certainly desirable.” (Tweet This!)
- “Highest risk is vacancy.” (Tweet This!)
- “Become a person worth being around.” (Tweet This!)
- “If they’ll like you, they’ll join.” (Tweet This!)
Connect with Bill
- Bill’s Blog
Connect with Jacob
- Jacob’s Podcast
- Jacob’s Website
Connect with David
- David’s Blog
- David’s Instagram Profile
- David’s Facebook Page
- David’s Youtube Channel
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s show, we sit with Mark Hentemann, a writer and producer for TV’s Family Guy who also invests in Los Angeles real estate! Mark shares his incredible success stories, which include his trick for finding overlooked properties, house hacking for massive profits, adding value and utilizing the 1031 exchange—plus more! Mark’s strategy for filtering data will save you tons of time and help you find the deals others are missing. Listen and learn how Mark got into real estate investing through house hacking—and how that led to an $800,000 profit on his first deal! This episode is absolutely packed with motivating advice and fantastic ideas for getting started. Bonus? It will make you think and make you laugh!
In This Episode We Cover:
- Mark’s day job as a writer for Family Guy
- The first deal that gave him buyer’s remorse
- Having a friend as a first tenant
- Selling that first deal for $1.27 million
- The $250 dishwasher story
- What’s a 1031 exchange?
- Buying with solid fundamentals
- Finding low-cost-per-square-foot buildings
- Having the perfect open house
- Finding deals in today’s difficult market
- The river mentality in regards to moving forward
- The people on his team
- Finding people in the BiggerPockets community
- His metric called “leverage cost per square foot”
- And SO much more!
Links from the Show
- BiggerPockets Forums
- America Arias Instagram Profile
- BiggerPockets Events
- BiggerPockets Webinar
- Family Guy
- 1031 Exchange Guide
- BiggerPockets Podcast 274: “Because of These 3 Simple Rules, I’ve Bought Over 600 Units and Never Lost Money” with Paul Morris
- Marcus & Millichap
- Loopnet
- ZipRecruiter
- Family Guy – everyone throws up (video)
- Family Guy – Wheres my Money Stewie & Brian (video)
Books Mentioned in this Show
- So Good They Can’t Ignore You by Cal Newport
- The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges
- Sapiens: A Brief History of Humankind by Yuval Noah Harari
Fire Round Questions
- What was your worst home renovation fail!?!
- How are some unique ways you earn/save extra money?
- Are anonymity and self management possible?
- What’s your second favorite investment after real estate?
Tweetable Topics:
- “It’s really valuable to be able to sit back and wait for the deal to come to you.” (Tweet This!)
- “Everyone’s got an opinion on why things are a bad deal.” (Tweet This!)
- “Leverage is the one common denominator.” (Tweet This!)
- “When you make the money, handle it well, be careful, don’t waste it, invest it.” (Tweet This!)
Connect with Mark
- Mark’s BiggerPockets Profile
- Mark’s Company Website
- Email Mark
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Are you ready to jump into real estate investing, but don’t believe you can find deals in today’s hot market? In this episode, we sit down with multifamily expert Andrew Cushman, who’s actively doing deals in today’s market — and turning big profits. In this show, Andrew explains how he’s finding deals, what metrics he uses to qualify them, where he’s buying today, and what his secret tricks are for finding the “overlooked opportunities” most investors miss — including how he found an amazing deal in the “trash can” for bad deals!
You’ll love hearing how Andrew creates millions of dollars in equity and builds relationships with deal-finders so that they bring him the best deals first. Be sure to download this episode and share it with your friends, so you, too, can master the secrets that the pros are using to snag killer deals!
In This Episode We Cover:
- Andrew’s backstory
- How to make deals rather than find them
- The ABCD neighborhoods — what are they?
- What specific properties Andrew is looking for
- His effective screening criteria for finding properties
- An in-depth story on one deal
- Net operating income (NOI)
- Understanding how properties are valued
- Challenges Andrew faced over the years
- Finding great contractors
- Andrew’s many rental property units
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Money Podcast
- BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman
- City Data
- Rich Blocks Poor Blocks
- Trulia
- USA.com
- Loopnet
- BiggerPockets Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy
- BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn
- Gobundance
Books Mentioned in this Show
- The ABCs of Real Estate Investing by Ken McElroy
- David Greene’s Long Distance Real Estate Investing
- Emerging Real Estate Markets by David Lindahl
- How to Win Friends & Influence People by
Fire Round Questions
- Help! 1 million dollars to invest! What do i do!?
- 30 yr or 15 yr mortgage?
- Go Solo OR with a big Multifamily investor
Tweetable Topics:
- “The person who wants it the most, loses.” (Tweet This!)
- “You can completely destroy an investment with the wrong people managing it.” (Tweet This!)
- “Don’t wait to buy Real estate. Instead, buy real estate and wait.” (Tweet This!)
- “The best way to spot a great deal is to look at 99 bad ones.” (Tweet This!)
Connect with Andrew
- Andrew’s BiggerPockets Profile
- Andrew’s Linkedin Profile
- Andrew’s Company Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Real estate is sexy… most of the time. But is that really what makes it profitable? On today’s show, we sit down with Charles Roberts, an investor and agent from the Denver market. He explains that the secret to success is far more boring than we like to admit. In this episode, we explore Charles’s story and the lessons he’s learned over his 20+ year career, including how his first deal failed miserably, how he helped another investor retire through rentals in just five years, and his strong belief that the deal isn’t as important as most investors think — plus so much more! Charles is incredibly wise, and he has years of experience — so this is one episode that you’ll come back to time and time again.
In This Episode We Cover:
- How Charles got started by buying his first duplex
- A 15-year loan vs. a 30-year loan
- How he managed to go full time as a fix-and-flipper
- What went wrong — despite having 29 properties
- Should newbies get into flipping?
- Figuring out what works and what doesn’t
- What Charles looks for in a partner
- The benefits of helping someone else achieve success in real estate
- Scaling, and what he thinks about it
- Why lending is important in real estate
- Work harder not smarter
- Where is he finding deals
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Share your story to the No Money Book
- BiggerPockets Store
- Dave Ramsey’s Calculator
- Billions TV Series
- BiggerPockets Podcast 274: “Because of These 3 Simple Rules, I’ve Bought Over 600 Units and Never Lost Money” with Paul Morris
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- The Book on Investing with Low or No Money Down by Brandon Turner
- The Book on Flipping Houses by J. Scott
- Lifeonaire by Steve Cook & Shaun McCloskey
- Set for Life by Scott Trench
- The Millionaire Next Door by Thomas Stanley & William Danko
- Born to Run by Christopher McDougall
Tweetable Topics:
- “We think that everybody else is stupid but it turns out we’re the ones stupid.” (Tweet This!)
- “You don’t know anything until you do it.” (Tweet This!)
- “You want to work with people you like.” (Tweet This!)
- “The harder you work the smarter you end up.” (Tweet This!)
Connect with Charles
- Charles’ BiggerPockets Profile
- Charles’ Company Website
- Email Charles
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Many families can’t even enjoy a holiday meal together — but today’s guest has built a real estate empire with hers! Today we sit down with Ashley Wilson, a house flipper who got started investing in real estate while living overseas in Europe. Today, Ashley shares how she has been able to generate six-figures in profit — almost from the beginning — using a highly systematic approach to building wealth. She also drops some huge knowledge bombs with advice on finding and funding deals — and even some never-before-heard advice on knowing what features to put into your next rehab!
In This Episode We Cover:
- How Ashley and her family got involved in real estate
- House hacking their way in the beginning
- The dynamics of the family business
- Ashley’s specialty
- How they split the profit
- What it’s like working with a family
- Finding what is “light work” for you
- Long-distance investing and the core people on your team
- How she finds deals
- Close-to-close houses through “stacking”
- How she designs homes
- How they finance their deals
- Her plans for the future
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Calculators
- Brandon’s Instagram Profile
- BiggerPockets Podcast 119: From Pro Athlete to Pro Real Estate Entrepreneur with Graham Mink
- BiggerPockets Youtube Channel
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- Driveby Daniel Pink
- E-Myth by Michael Gerber
- Long Distance Real Estate Investing by David Greene
- Freakonomics by Steven Levitt & Stephen Dubner
Fire Round Questions
- What are the best ways you’ve found to estimate rehab costs? The rehab calculator on BP is fine but, how do you estimate the $$$ to put into each category?
- Should I buy a Home Warranty for my flip or not?
- Should I hire an inspector or just go with an experienced project manager/contractor on a walkthrough?
- Buyer coming back after months demand for repair cost
Tweetable Topics:
- “Every house already has a limited market.” (Tweet This!)
- “You really have to love what you do.” (Tweet This!)
Connect with Ashley
- Ashley’s BiggerPockets Profile
- Ashley’s Company Website
- Facebook Page
- Instagram Page
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Why work at a lame job until you’re too old to enjoy the life you’ve been given? If you are looking to get out of the rat race earlier, this is one episode you can’t afford to miss. Today on The BiggerPockets Podcast, we sit down with Bryce Stewart, a former school teacher who was able to quit his job at age 35 through the smart purchases of small multifamily properties. Bryce shares his powerful story on how he was able to build a portfolio of 22 units that give him $10,000 per month in income. Bryce also shares a phenomenal concept he called “vacuuming the truck,” which could change the way you think about real estate (and life) forever.
In This Episode We Cover:
- Bryce’s special introduction
- His inauspicious beginning as a real estate investor
- What he learned from his mistakes
- How a friend who lives for free in his apartment influenced him
- What he’s learned from having his first duplex
- What you should know about PITI
- How he financed the purchase of his duplex
- The upsides of being a landlord
- The risks of real estate investing
- The “vacuum truck” story
- The number of units he has and the reason he retired
- How to seek out “hidden ROIs”
- How he finds and funds deals
- What his future looks like
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Trulia
- Zillow
- HotPads
- Broke to Retired in 15 Years
- Mr. Money Mustache
- Grant Cardone
- BiggerPockets Podcast 272: No Money, No Deals, No Time? Overcoming Real Estate’s “Big Three” with Brandon Turner & David Greene
- Tweet Mindy
- BiggerPockets Youtube Channel
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- Think and Grow Rich by Napoleon Hill
Fire Round Questions
- Would you decrease monthly rent in order to keep a good tenant?
- I’m having a hard time finding a QUALIFIED tenant.
- Where do you list your properties for rent?
Tweetable Topics:
- “You can live more cheaply by buying a multifamily.” (Tweet This!)
- “Sometimes you need a partner to push you to be a little stronger.” (Tweet This!)
- “You don’t want to mitigate the risk of real estate. They are there.” (Tweet This!)
Connect with Bryce
- Bryce’s BiggerPockets Profile
- Bryce’s Youtube Channel
- Bryce’s Company Website
- Bryce’s Email Address
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
“The wrong lease could cost you $15,000 or more.” That’s one lesson of many you’ll get today on this powerful episode of the BiggerPockets Podcast. In this show, we sit down with real estate investor and attorney Rob Oliver to learn how he went from helping other investors buy real estate to owning over 300 condo units while working full-time. In addition to his incredible story, you’ll also get keen insight into the world of real estate investing from the eyes of an attorney—without the $250 billable hour! You’ll learn the importance of a strong lease (and what happens if you don’t have one), as well as instructions on how to find a great attorney and get the most from the attorney for the least cost.
In This Episode We Cover:
- How Rob got started in real estate
- The journey from lawyer to investor
- How to find properties other investors aren’t looking for
- Why he invests in condos
- Tips for investing while working full-time
- Advice for those starting out in real estate investing
- The different hats he wears and what he does in his business
- How to grow a 100-unit portfolio
- What to do with nonpaying tenants
- How to find a great lawyer
- Why it’s OK to cancel a deal
- What his future looks like
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Landlord Forms
- Zillow
- Redfin
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- The Cashflow Quadrant by Robert Kiyosaki
- Jesse Livermore: World’s Greatest Stock Trader by Richard Smitten
Fire Round Questions
- Hey guys what are some of the clauses that you find extremely useful to have in your leases?
- Without starting from scratch, I’d love to see if anyone has an existing clause to a lease listing certain conditions that shall be adhered to by the tenant.
Tweetable Topics:
- “You don’t need to know everything before you get into a deal. There is actually time to research it.” (Tweet This!)
- “Each deal that you cancel, you learn something from it.” (Tweet This!)
Connect with Rob
- Rob’s Law Firm
- Rob’s Email Address
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What rules govern your real estate investing strategy? For most, it’s a tough question to answer. But not for today’s guest, Paul Morris. Paul, co-author of the bestselling Wealth Can’t Wait, has been investing in real estate for more than twenty years and has never lost money, all because he abides by three simple rules. Today, Paul also discusses the power of mindset in building wealth, the key to investing in emerging markets, and much more. This episode will surely inspire, motivate, and educate you to continue your journey toward financial freedom.
In This Episode We Cover:
- How Paul got into real estate investing
- Using syndication to do your deals
- The types of properties he is buying
- Stick with what you know
- The three rules
- Buying where you know
- How to buy in an expensive area
- The 24-hour city
- What’s the barrier of entry on real estate?
- What is an emerging neighborhood?
- An interesting story about a keynote speech
- What is hard work?
- 10x your goals
- How we affect others and vice versa
- Living life to the fullest
- Hire people who will love you
- And SO much more!
Links from the Show
- BiggerPockets Forums
- House Hacking 101: How to “Hack” Your Housing and Get Paid to Live for Free
- BiggerPockets Money Show
- Tiger21 Mastermind Group
- BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors
- BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn
Books Mentioned in this Show
- You Can’t Teach a Kid to Ride a Bike at a Seminar by David H. Sandler
- Wealth Can’t Waitby David Osborn & Paul Morris
- Set for Life by Scott Trench
- The War of Art by Steven Pressfield
- The Influential Mind by Tali Sharot
Fire Round Questions
- I just bought my 1st deal… now How soon can I buy my 2nd property? Is there a waiting period?
- Where can I find a private lender to fund my real estate deals?
Tweetable Topics:
- “You can’t do everything on your own.” (Tweet This!)
- “You buy where you know.” (Tweet This!)
- “The thing that stops people form taking action is the fear of loss.” (Tweet This!)
- “Your net worth will never exceed your self worth.” (Tweet This!)
- “What got us here will not get us there.” (Tweet This!)
- “There’s a lot more hard money out there than there are good deals.” (Tweet This!)
Connect with Paul
- Paul’s BiggerPockets Profile
- Paul’s Website
- Paul’s Instagram Profile
- Paul’s Twitter Profile
- Paul’s Facebook Page
- Email Paul
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Most people understand the world of rental properties, house flips, and other common real estate investments. But there is one little-known niche that could provide massive cash flow and profits without the headaches: note investing. In this episode of the BiggerPockets Podcast, we sit down with Dave Van Horn, author of Real Estate Note Investing, to talk about how anyone can get started with real estate note investing—even as a first investor. In addition to a great conversation about notes, you’ll also hear some of Dave’s powerful strategies for getting his real estate offers accepted, how he started his investments using the BRRRR strategy (with credit cards!) and much, much more.
In This Episode We Cover:
- What is a note?
- The types of notes available
- Ways to start investing in notes
- How much cash one needs to have a note
- Dave’s backstory as a real estate investor
- Dave’s shift to note investing
- What hard money is
- Three things you need to put together a deal
- Getting bank financing
- Performing vs. non-performing notes
- Shadowing and how to do it
- Making multiple offers
- What happens when a performing note becomes a non-performing note?
- About the book
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Calculators
- Veggie Tales: Song of the Cebu
- BiggerPockets Podcast 028: Note Investing and Raising Private Money with Dave Van Horn
- Prosper
Books Mentioned in this Show
- Multiple Streams of Income by Robert Allen
- Real Estate Note Investing by Dave Van Horn
- The First Entrepreneur by Edward G. Lengel
- Abundance by Peter H. Diamandis
Fire Round Questions
- Is it possible to purchase your own Non Performing Note?
- If I want to be an individual NOTE investor, how much money do you need to have to play?
- Would it be a smart strategy to buy NPN or defaulted mortgages just to foreclose on them for profit?
Tweetable Topics:
- “It’s not only about what you’re paying, it’s about how you’re paying it.” (Tweet This!)
- “You don’t need any money, you just need a deal.” (Tweet This!)
Connect with Dave
- Dave’s BiggerPockets Profile
- Dave’s Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Struggling to build your real estate empire? Not after this show! It’s time to put the no money, no deals, and no time excuses to rest. This episode is 90 minutes of pure fire, as Brandon and David systematically help you overcome the “big three” roadblocks most real estate investors encounter. You’ll learn how to fund your next deal no matter how much cash you have (or don’t have). You’ll find that deals are out there — if you are willing to follow the tactics and processes laid out here. You’ll also learn how anyone can invest in real estate — even if you have only a few minutes a day. Today’s episode is unlike anything you’ve heard before, so grab a pen and a notebook and prepare to annihilate your “big three!”
In This Episode We Cover:
- Having more options through continued education
- Why finding better deals comes first before finding money
- Ways to do deals with no money down
- Private-money and hard-money lenders
- The BRRRR strategy
- Seller financing: how it works
- Finding deals
- Understanding how properties are valued
- Having the right process in finding deals
- The L.A.P.S. funnel
- Ways to “fill” the funnel
- Getting a real estate agent
- Direct mail, driving for dollars, and many more strategies
- Finding time to invest in real estate
- The 1 percent rule
- Finding the right people
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast 252: House Hacking (Your First Deal) & Life Hacking with Craig Curelop
- BiggerPockets Twitter Profile
- BiggerPockets Podcast 044: Creating Systems to Flip Houses While Still Employed with Michael Woodward
- Zillow
- BiggerPockets Marketplace
- BiggerPockets Calculators
- Investor Carrot
- LeadPropeller
- Wix
- How to Build a Website with Wix
- BiggerPockets Podcast 217: How to Work Less and Earn More Using the 80/20 Rule with Perry Marshall
- BiggerPockets Podcast 268: Acquiring 20 Long-Distance Rental Homes (on a Military Salary!) with Rich Carey
- BiggerPockets Webinars
Books Mentioned in this Show
- Set for Life by Scott Trench
- Long-Distance Real Estate Investing by David Greene
- Finding and Funding Great Deals by Anson Young
- Investing with Low or No Money Down by Brandon Turner
- The Millionaire Real Estate Agent by Gary Keller
- The Compound Effect by Darren Hardy
- 12 Week Year by Brian Moran
- 80/20 Sales and Marketing by Perry Marshall
- The ONE Thing by Gary Keller & Jay Papasan
Tweetable Topics:
- “The more you learn about real estate, the more options you have.”(Tweet This!)
- “You’re doing the lender a favor by giving them a way better return with their money.” (Tweet This!)
- “Good deals are not found, good deals are made.” (Tweet This!)
- “The process is more important than the specific tactic.” (Tweet This!)
- “At the end of the day, consistency is what matters.” (Tweet This!)
- “Real estate is market specific.” (Tweet This!)
Connect with Brandon
- Brandon’s BiggerPockets Profile
- Brandon’s Instagram
- Brandon’s Twitter Profile
Connect with David
- David’s BiggerPockets Profile
- David’s Instagram
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Real estate investors love to talk about their successes, but most refuse to talk about their failed deals. On today’s show, we hit both of those points hard when we sit down with Sam Craven to talk about how his wholesaling business generates hundreds of thousands of dollars each month in revenue — and the mistakes that led to him losing over $750,000 from his rehabbing business. You’ll also discover the exact strategies Sam is using to fill his deal pipeline, plus advice for those of you who are just starting on your real estate journeys.
In This Episode We Cover:
- Who Sam Craven is and how got started investing six years ago
- Figuring out your one thing
- How Sam lost 3-quarters-of-a-million dollars
- Focusing on what you are really good at
- How Sam’s business has evolved
- Why he spent $1 million for marketing in a year
- Do you need to get your real estate license?
- Direct-mail marketing and other paid marketings
- Growing by acquisition
- What does wholesaling mean to you?
- Having a closed group of buyers list
- How Sam motivates himself to keep going
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast 033: How to Close 27 Deals in Your First Year While Working Full Time with Sam Craven
- BiggerPockets Podcast 137: How to Use Systems to Scale Your Real Estate Business with Sam Craven
- Growth Con
- BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan
- Zillow
- Realtor
- BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
- BiggerPockets Podcast 250: Grant Cardone on Multifamily Investing and Why You Should Never Buy a House!
- BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss
Books Mentioned in this Show
- Set for Life by Scott Trench
- Long-Distance Real Estate Investing by David Greene
- The Miracle Morning by Hal Elrod
- Never Split the Difference by Chris Voss
- Relentless by Tim Grover
Fire Round Questions
- What is the one thing a wholesaler should know before starting?
- Best cities to buy multifamilies for buy-and-hold in 2018
Tweetable Topics:
- “Know what you’re good at and know what your end results to be.”(Tweet This!)
- “You cannot have success without failure.” (Tweet This!)
- “If your goal and your why is bigger than any other problem you can face, you can overcome anything in the planet.” (Tweet This!)
- “Systems make your business a business.” (Tweet This!)
Connect with Sam
- Sam’s BiggerPockets Profile
- Sam’s Facebook Page
- Sam’s Company Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Plenty of people can purchase a house to live in. But how can you leverage that single home into many more real estate deals—enough to achieve financial independence? On today’s episode of The BiggerPockets Podcast we sit down with Amy Arata,...
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Big changes are underway in the U.S. tax code—and it could make a huge difference to your bottom line. Thankfully, today on the BiggerPockets Podcast, we get to sit down with two CPAs who focus entirely on helping real estate investors navigate the tax code! Amanda Han and Brandon Hall join us today as we dive deep into the new changes—plus tackle some of the most common questions new real estate investors ask!
In This Episode We Cover:
- Who are Amanda and Brandon?
- Changes of the new tax bill
- What is passthrough deduction?
- Increasing the depreciation schedule
- The concept of cost segregation
- The 1031 exchange provisions have been modified
- Using 1031
- Business interest limitation
- What is a tax shelter?
- Section 179 — write off 100 percent as an asset
- What can a investor do now?
- When do you need a CPA?
- Some more free tax advice
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Money Show
- Forget BRRRR: Introducing the BARRRR Strategy for Investors (Blog)
- IRS Schedule E (PDF)
- BiggerPockets Blog
- How the Final GOP Tax Bill Will Affect Real Estate Investors (Blog)
Books Mentioned in this Show
- The Book on Tax Strategies for the Savvy Real Estate Investorby Amanda Han and Matthew MacFarland
- Rich Dad Poor Dad by Robert Kiyosaki
- What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli
- The 4-Hour Workweek by Timothy Ferriss
- Building a StoryBrand by Donald Miller
Tweetable Topics:
- “Hire the right people right away.” (Tweet This!)
Connect with Amanda
- Amanda’s BiggerPockets Profile
- Amanda’s Company Website
Connect with Brandon
- Brandon’s BiggerPockets Profile
- Brandon’s Company Website
- Brandon’s LinkedIn Profile
- Brandon’s Facebook Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Many people feel that because their local market isn’t great for rental property cash flow, they can’t invest. Don’t tell that to today’s guest, who for the past decade has been doing just that—even while working full-time in the U.S. Military! Today’s guest is Rich Carey, who shares with us his strategy of buying rentals in one location, despite living in many different places across the world. Rich also discusses his strategy of NOT using leverage, instead choosing to buy properties with cash instead, which has allowed him to maximize his cash flow and has given him true financial independence. Rich’s story is inspiring and highly educational, so set aside time today to listen to the whole interview. We think you will really like this one!
In This Episode We Cover:
- How he bought his first property while assigned in Guam
- Tips for flipping new construction
- Why you should consider switching investing style after a flop
- Why you shouldn’t buy a house, unless…
- Advice on long-distance house flipping
- What you should know about partnerships and trust
- His experience investing in properties in military bases
- A discussion on leveraging properties
- The importance of having a frugal lifestyle
- Hiccups on his first property and valuable lessons from it
- How he manages his properties out-of-state
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Money Show
- Introduce yourself to the forum
- Leading Landlord
- BiggerPockets Podcast 230: Real Estate Investing as a Side Hustle with Grammy-Winning Producer Seth Mosley
- BiggerPockets Landlord Forms
- BiggerPockets Podcast 223: How to Become “Set for Life” Through House Hacking, Frugality, and Maximizing Your Income with Scott Trench
- BiggerPockets Podcast 035: Quitting Your Job, Lifestyle Design, and Being a Traveling Landlord with Paula Pant
Books Mentioned in this Show
- The Total Money Makeover by David Ramsey
- Set for Lifeby Scott Trench
- Long Distance Real Estate Investing by David Greene
- Rich Dad Poor Dad by Robert Kiyosaki
- Fooled by Randomness by Nassim Nicholas Taleb
Fire Round Questions
- What extras do you add to your lease
- Recourse against property manager for fraudulent repair billing?
- Tenant wants to buy my house
Tweetable Topics:
- “You can pay off a mortgage pretty fast when you put your effort into that.” (Tweet This!)
- “I don’t believe that you have to wait for things to crash then invest everything.” (Tweet This!)
Connect with Rich
- Rich’s Personal Blog
- Email Rich
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How does a world-class soccer star set himself up for a lifetime of financial freedom? Rental properties! That’s the story on today’s episode of The BiggerPockets Podcast, where we sit down with Nat “The Beard” Borchersto learn how he built a sizable portfolio of rental properties while traveling the country (and the world!) as a professional athlete. Nat shares his humble “hammer-swinging” beginnings, as well as the systems that today allow him to live a life of freedom while others manage his units. Don’t miss a moment of this powerful and hilarious episode!
In This Episode We Cover:
- Nat’s background as a professional soccer player and his first deal
- His current number of properties
- What exactly a 1031 exchange is
- Expert tips for finding deals
- How to use social networking to your advantage
- Specifics on a recent deal
- How he found great prices just an hour and a half from his area
- How to increase the rent
- Commercial loans vs. traditional loans
- Sub-metering a property
- The story behind why he hires property managers
- His 28-house portfolio deal
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Money Show
- BiggerPockets Events
- BiggerPockets 1031 Exchange Guide
- The 1031 Exchange Ultimate Guide for Real Estate Investors (blog)
- BiggerPockets Landlord Forms
- True Submeter
- BiggerPockets Podcast 131: Investing in Multifamily Properties in a HOT Real Estate Market with Serge Shukhat
- AppFolio
- Mindy’s Twitter Profile
- Mindy’s Instagram
- Brandon’s Twitter Profile
- Brandon’s Instagram
Books Mentioned in this Show
- How to Work a Room by Susan RoAne
- How to Win Friends & Influence People by Dale Carnegie
- Built to Last by Jim Collins
- The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matt MacFarland
- Defensive Real Estate Investing by William Bronchick
- The Compound Effect by Darren Hardy
- The Lifeonaire by Steve Cook
Fire Round Questions
- What questions to ask when choosing a Property Management Company
- Someone who makes you very uneasy!
- Tenant is subletting on AirBnb, what should I do?
- Whats YOUR Metrics for Buy and Hold investments?
- Multi-Family Purchase Inspection
Tweetable Topics:
- “Today, you don’t find good deals. You make good deals.” (Tweet This!)
- “Nothing ventured, nothing gained.” (Tweet This!)
Connect with Nat
- Nat’s Personal Website
- Nat’s Twitter Profile
- Nat’s Instagram Profile
- Nat’s Facebook Page
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
We’re not going to lie: It was hard to come up with a title for this episode because we covered SO much—productivity strategies, morning routines, growing from zero to 900 units, partnerships, 1031 exchanges. Whether you are a top performing real estate expert or still looking for your first, you’ll leave this interview challenged, encouraged, and fired up to make some big changes in your life! Jake and Gino are full of energy and even more full of knowledge, so get ready for one awesome show.
In This Episode We Cover:
- Who Jake and Gino are
- The importance of having a picture in mind
- Tips for having good morning habits
- How they built ancillary businesses to support their real estate investing
- Advice for finding the right employees
- How to get into the first deal
- How to balance being focused and building another revenue streams
- Why partnerships are vitally important
- What to seek in a partner
- What their partnership looks like
- Thoughts on using an LLC for each deal
- What exactly cost segregation is
- A discussion on holding properties forever
- Their thoughts about 1031 exchanges
- How they find deals
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast 182: 674 Multifamily Units in Three Years with Jake & Gino
- BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
- Luminosity
- Headspace
- Alar.my
- Scott’s Twitter Profile
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- The Miracle Morning by Hal Elrod
- The Richest Man in Babylon by George S. Clason
- The ABCs of Real Estate Investing by Ken McElroy
- Investing in Fixer-Uppers by Jay DeCima
- Think and Grow Rich by Napoleon Hill
- Atlas Shrugged by Ayn Rand
Tweetable Topics:
- “Have a picture in mind and just keep focusing on it.” (Tweet This!)
- “You grow into your problems, and you outgrow your problems.” (Tweet This!)
- “The fear is worst than the reality.” (Tweet This!)
- “If you’re not thinking of creating value for the other person, then the partnership is not going to work.” (Tweet This!)
- “Transactions are not going to create wealth; equity is going to create wealth.” (Tweet This!)
Connect with Jake and Gino
- Jake and Gino’s Company Website
- Rand Property Management
- Rand Partners LLC
- Jake and Gino Podcast
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Yes, really. Today’s guest was kidnapped in Russia by mobsters and not only lived to tell the tale, but he even went on to invest in rental real estate in a big way, building a massive property management business! In this show, Andrew Propst shares key insight into finding incredible property managers and solid tips for profitably managing your own tenants. Andrew also has some excellent tips for finding great real estate deals, so if rental properties are in your future, this is one show you don’t want to miss!
In This Episode We Cover:
- The kidnapping story
- How Andrew’s stubbornness to pay rent led him to invest in real estate
- His first investment
- Tips for finding the right property manager
- The details on Andrew’s 42-unit multifamily property
- How they managed to increase rents from $400 to $700
- Useful property management resources
- What you should know about cap rates
- Tips on finding great deals
- What he thinks about build to rent
- What Andrew looks for in a market
- Thoughts on renting to people with a prior eviction
- The importance of enforcing the terms of the lease
- A conversation about landlord-tenant laws
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Landlord Forms
- BiggerPockets Podcast 232: The Four Lead Sources Nathan Brooks is Using to Flip 120 Houses a Year
- BiggerPockets Money Show
- The Saratov Approach (Movie)
- National Association of Residential Property Managers
- Institute of Real Estate Management
- Integra Realty Resources
- Cap Rate and Cash-on-Cash Return: A Definitive Guide
- CCIM Institute
- ‘World’s worst bowler’ just bought a historic Valley alley. Even his wife thinks it’s crazy (Post)
- CI 101: Financial Analysis for Commercial Investment Real Estate (Course)
Books Mentioned in this Show
- Long-Distance Real Estate Investing by David Greene
- The Book on Rental Property Investing by Brandon Turner
- How to Win Friends & Influence People by Dale Carnegie
- Drive by Daniel H. Pink
- The Book on Managing Rental Propertyies by Heather and Brandon Turner
Fire Round Questions
- Previous property manager did not return security deposit
- Perspective Tenant with Service Dog
- Otherwise great tenants hiding ferrets – how to proceed
- Eviction history
Tweetable Topics:
- “You never know how important a property manager is until you hire a bad one.” (Tweet This!)
- “Your job as a property manager is just to enforce the terms of the lease.” (Tweet This!)
- “You’re doing your tenant a disservice if you’re not firm.” (Tweet This!)
- “The lazy parents clean their child’s room.” (Tweet This!)
- “The whole premise of Fair Housing laws is to treat everybody the same.” (Tweet This!)
Connect with Andrew
- Andrew’s BiggerPockets Profile
- Andrew’s Company Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In today’s world, anyone can call themselves an entrepreneur. But what does it really take to find success as one? That’s the topic on today’s inspiring episode of The BiggerPockets Podcast, where we sit down with New York Times bestselling author Gary Vaynerchuk, author of Crushing It!: How Great Entrepreneurs Build Their Business and Influence-and How You Can, TooI and host of The #AskGaryVee Show, one of the most popular vlogs online. Gary is one of the world’s foremost experts on using social media to drive a business forward, so in addition to an amazing discussion on hustle and motivation, Gary dives into several unique strategies for finding deals, networking with influencers, and growing your business using the power of social media.
In This Episode We Cover:
- What Gary thinks is crazy about entrepreneurs today
- Why you don’t “have to be” an entrepreneur or an investor
- What you should know about the book Crushing It
- The social media tools Gary uses
- Why Facebook is so useful
- How social media is the future
- How real estate investors can use social media
- Targeting the right people for your business through Facebook
- How to use the concept of “smart hustle“
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Jobs
- Snapchat
- Alexa
- Craigslist
- Need Some Motivation Right Now? (blog)
- Moment App
Books Mentioned in this Show
- Crush It! by Gary Vaynerchuk
- Crushing It! by Gary Vaynerchuk
Tweetable Topics:
- “The thing that drives me crazy is that I just want everybody to win.” (Tweet This!)
- “If you’re working 15 hours a day just for the money to then do the thing you love, you lost.” (Tweet This!)
- “The great thing about entrepreneurship is that you only have to be right once.” (Tweet This!)
Connect with Gary
- The #AskGaryVee Show
- Planet of the Apps
- VaynerMedial
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Many people have dreams of owning large multifamily properties—but fail to get beyond small deals. Not today’s guest! Today, we sit down with Bruce Petersen, an investor from the Austin, TX area who started with a 48-unit syndication deal and hasn’t looked back! Bruce has some incredible stories and lessons from his time in the business, so if you ever plan to buy an apartment complex, this is one episode you need to pay close attention to!
In This Episode We Cover:
- Bruce’s background
- What a syndicator does
- Why he started out with a 48-unit deal
- Why it’s easier to handle a property with more units
- The “deal triangle“
- Tips for hosting a meet-up
- The class system of properties
- When to upgrade a unit
- What exactly a preferred return is
- How syndicating really works
- How he included his daughters in the deal
- How he finds deals
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Events
- Brandon’s Twitter Profile
- Mindy’s Twitter Profile
- Loopnet
- Resman
- BiggerPockets Webinars
Books Mentioned in this Show
- Rich Dad Poor Dadby Robert T. Kiyosaki
- Jab, Jab, Jab, Right Hook by Gary V.
Fire Round Questions
- How do I vet a Syndication company?
- Syndicating CRE and having a real estate license
- Should I do a syndication?
- Is it standard practice for sellers of multi-family units to withhold P & L and other financial data until an offer is made?
Tweetable Topics:
- “Don’t ever pay off a piece of real estate ever. Not even your personal residence.” (Tweet This!)
- “I’ve always syndicated everything.” (Tweet This!)
Connect with Bruce
- Bruce’s BiggerPockets Profile
- Bruce’s Website
- Bruce’s Email
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Mobile Home Parks can be one of the most profitable business models around, but learning to scale without losing all your time can be tough. That’s the story on today’s episode of the BiggerPockets Podcast, where we sit down with Jefferson Lilly to talk about how he’s acquired 2,600+ “pads” in the past few years and the lessons he’s learned in scaling. We also discuss the ins and outs of raising private money through a “fund,” which will both fascinate and educate you, so don’t miss a moment of it. Whether you want to buy mobile home parks or not, this is one show where the lessons will stick with you for life!
In This Episode We Cover:
- Brandon’s mobile home park
- Reasons why you should consider buying a mobile home park
- The legality surrounding mobile home parks
- How Jefferson came to own about 2,300 pads
- What you should know about rent-to-own homes
- How Jefferson markets their properties
- Methods of payment for these rentals
- A discussion on RVs vs. mobile homes
- Jefferson’s thoughts on tiny houses
- Getting to a “Mobile Home Park 2.0”
- The 3 key hires for mobile home parks
- What managing these mobile parks look like
- Floods and other concerns when choosing a mobile home park
- How to fund these days
- How to find parks today
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Money Podcast
- BiggerPockets Blog
- Member Blogs
- BiggerPockets Podcast 111: A Unique (and Profitable) Real Estate Niche You’ve Probably Never Considered with Jefferson Lilly
- BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock
- Rent Manager
- Pay Near Me
- Loopnet
- BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss
- Best Places
- Equity Lifestyle Properties
- National Manufactured Home Owners Association
Books Mentioned in this Show
- The Book on Investing with Low and No Money Down by Brandon Turner
- Never Split the Difference by Chris Voss
- Am I Being Too Subtle? by Sam Zell
- The Snowball by Alice Schroeder
Tweetable Topics:
- “Don’t kick anybody out of your deal. Just scale everybody back.” (Tweet This!)
Connect with Jefferson
- Jefferson’s BiggerPockets Profile
- Park Street Partners Homepage
- Mobile Home Park Investors
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Here on the BiggerPockets Podcast, we spend a lot of time talking about buying properties—but what about needing to sell them? How does someone get top dollar and get their home sold quickly? Well, today on the podcast, we’re excited to dive deep into this topic with Mindy Jensen, the Community Manager at BiggerPockets and author of the newest book from BiggerPockets, How to Sell Your Home. You might know some of these tips—but others might just blow your mind (and make you thousands next time you sell a property), so grab a pencil and paper and get ready to take some notes!
In This Episode We Cover:
Mindy’s story
How to pay zero dollars in capital gain taxes
The tax exemptions involved with getting married
What exactly a live-in flip is
16 ways to sell your property:
- Have a pre-listing home inspection
- Clean up your home
- Doesn’t pass the sniff test
- Great Pictures of your house
- Be available
- Be informative
- Know your competition
- Use an agent
- Ask your agent
- Price it right
- List in Peak market time
- Double check your listing information
- Stage those weird areas that don’t have an obvious use
- Leave during your showing
- Be prepared to walk away from an offer
- Tell everyone you know that your house is for sale
Why Mindy wrote the book
Bonuses!
And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Money Podcast
- Email Support
- How to Buy Your First (or Next) Property by the End of the Year [The 90-Day Challenge!] (podcast)
- What I learned buying a house (blog)
Books Mentioned in this Show
- How to Sell Your Home by Mindy Jensen
- Rich Dad Poor Dad by Robert Kiyosaki
- Long Distance Investing by David Greene
- Set for Life by Scott Trench
- The Book on Rental Property Investing by Brandon Turner
- The Millionaire Real Estate Investor by Gary Keller
- The Richest Man in Babylon by George S. Clason
Fire Round Questions
- After taking initiative, landing the deal, and successfully completing renovations, how can you be sure your property is going to sell?
- Selling home with no agents
- How do people work on the timing of selling and buying a home?
- Selling challenge
Tweetable Topics:
- “Try not to sell a house with a tenant in it.” (Tweet This!)
- “Home inspection is totally worth the dollars.” (Tweet This!)
Connect with Mindy
- Mindy’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Bank robbers. Terrorists. Motivated sellers. No matter who you’re dealing with, negotiation is vital. As a real estate investor, the question is not if you’ll negotiate but how well will you negotiate—and after this episode, you’ll never negotiate the same again. Today, we’re excited to sit down with Chris Voss,former head of the FBI’s Hostage Negotiation Team and author of Never Split the Difference, to learn the stories, strategies, and tactics gleaned from decades of negotiating with the world’s most dangerous criminals. Then, we delve into how these lessons can help you in your own business and life. This show is a ton of fun and full of actionable tips that will instantly make you a better negotiator—whether sparring with your child, a buyer or seller, or a terrorist holding your family for ransom!
In This Episode We Cover:
- A look at Chris’s background
- The story of the bank robbery in Brooklyn
- What the strategy of mirroring is
- What it means when a person doesn’t give his name
- How to use listening as an advanced skill
- Tips for applying negotiation to business settings
- The role negotiating plays in real estate
- The thing more important than the deal in negotiation
- The secret to gaining the upper hand in a negotiation
- Tips for negotiating in a real estate deal
- The power of deference
- What you should know about anchoring
- How to take advantage of rounds of bargaining
- Why you should consider odd number pricing
- Why no is more powerful than yes
- The learning curve for this skill
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast 259: Old-School Investing Wisdom from 60+ Years with Mike Anderson
- Eric Barker’s Blog
- BiggerPockets Podcast 256: The Surprising (Scientific) Truth Behind What Makes You Successful with Eric Barker
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- Never Eat Alone by Keith Ferrazzi
- Never Split the Difference by Chris Voss
- The 7 Habits of Highly Effective People by Stephen Covey
- Getting to Yes by Roger Fisher
- The Rise of Superman by Steven Kotler
- U2 by U2 by U2 & Neil McCormick
Tweetable Topics:
- “If you want big stakes results, you need to practice in low stakes negotiation.” (Tweet This!)
- “The last impression is a lasting impression.” (Tweet This!)
- “There’s always something in a negotiation for everybody that is more important than actually making a deal.” (Tweet This!)
- “You get what you want by hearing the other side out.” (Tweet This!)
- “The secret to gaining the upper hand in a negotiation is giving the other side the illusion of control.” (Tweet This!)
Connect with Chris
- Chris’s Newsletter
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
One of the most impactful moments for most real estate investors is meeting a “mentor,” someone older and wiser who can share with them the lessons they’ve learned. That’s exactly what today’s episode of The BiggerPockets Podcast is! Mike Anderson has invested in real estate for over 60 years, doing everything from buying 200 houses per month to owning a mortgage business to storage units and more. On today’s show, he dives into his story and the lessons he’s learned over the past half-century and offers insight and wisdom that newer investors need to hear. This conversation is fun, fast-paced, and filled with knowledge, so hang on for a wild ride!
In This Episode We Cover:
- The story of buying a house for $3,250 (55 years ago)
- How to buy and sell 200 houses a month
- What he’s learned about people buying houses
- Why you should buy rentals in school districts
- A discussion on cash flow vs. appreciation
- The concept of “dialing for dollars“
- Why it’s all a number’s game
- Things to note when buying from wholesalers
- The usual problems with investors
- Where to get the money for deals
- Why perseverance is key
- How to hire the right people
- How to continue buying 10 or more houses (and get bank financing)
- Why he’s concerned about the future
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Money Podcast
- BiggerPockets Podcast 221: Buy and Hold Real Estate—What Works and What Doesn’t with Tim Shiner
- BiggerPockets Podcast 242: How to Live an Incredible Life Now & Achieve Early Retirement with Josh Randall
- BiggerPockets Podcast 258: Six-Figure House Flipping with Gabe DaSilva
- CraigsList
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
Tweetable Topics:
- “The essential thing to make money is hard work.” (Tweet This!)
- “Don’t worry about commissions; worry about your customers.” (Tweet This!)
- “How are you going to buy real estate if you don’t know what your goal is?” (Tweet This!)
- “It doesn’t cause cancer to call people on the phone.” (Tweet This!)
Connect with Mike
- Mike’s Company Website
- Mike’s Facebook Profile
- Mike’s Twitter Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Massive goals encourage massive action—and a massive plan to get there. That’s the truth behind today’s episode of The BiggerPockets Podcast, where we sit down with Gabe DaSilva, a New Jersey real estate investor who specializes in a unique niche of house flipping: “add-a-level” or “pop tops.” You’ll hear how Gabe shoots for a six-figure payday on each flip and how you can incorporate this strategy in your own business. Be ready to take some notes—this is an action-packed show!
In This Episode We Cover:
- How Gabe got into the real estate business
- Tips for using your 401k as capital
- How he landed his first deal
- A discussion on doing things yourself
- How to finance your deals using hard money
- Gabe’s unique definition of hard money lenders
- The deals he’s made to this point
- Which properties are good candidates for rehabbing
- How to tell if it’s the right market to invest in
- What to check for in a good house foundation
- The “bathtubs story“
- How to find deals through direct mail
- What his day looks like
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Rehab Estimator Calculator
- BiggerPockets Calculators
- BiggerPockets HardMoney Lenders
- International Builder’s Show
- Upgrade to Pro!
Books Mentioned in this Show
- A Curious Mind by Brian Grazer
- The Book on Estimating Rehab Costs by J. Scott
- Set for Life by Scott Trench
- Rich Dad Poor Dad by Robert Kiyosaki
- The E-Myth by Michael E. Gerber
- Think and Grow Rich by Napoleon Hill
Fire Round Questions
- Would you contribute to a 401(k) or not?
- What did you do wrong on your first flip?
- Flipping Houses Under One LLC
- Rehabbing a remediated meth house
Tweetable Topics:
- “Sacrifice the life you have now so that you can live the life most can’t live later.” (Tweet This!)
Connect with Gabe
- Gabe’s BiggerPockets Profile
- Gabe’s Facebook Profile
- Gabe’s Youtube Channel
- Gabe’s Instagram Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Investing outside of your local market can strike fear into the hearts of even the most savvy real estate investor. But long-distance investing doesn’t need to be extra risky! In fact, today’s guest argues that it might just be the most profitable investing you’ll ever do. Today’s guest, David Greene, a San Francisco real estate investor and agent, shares his incredible process for finding, rehabbing, and managing properties from thousands of miles away. His approach to building a “Core Four” is nothing short of genius and will transform how you run your real estate business, whether you are buying next door or 49 states away. This is one show that could change your real estate strategy forever!
In This Episode We Cover:
- What David’s been up to since the last time he was in the show
- How to find the right people to help you find the right properties
- How to seek out top-notch lenders
- Tips for offering value to people hundreds of miles away
- A discussion on whether newbies can invest long distance
- The “Core 4” team members you’ll need when investing in real estate out-of-state
- David’s thoughts on turnkey companies
- How to overcome the fear of trusting someone you work with
- All about David Greene’s new book!
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene
- BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors
- Long-Distance Real Estate Investing by David Greene
- Home on Discovery Bay, CA (House Hunter Episode with David Greene)
- Rentometer
- BiggerPockets Analysis
- BiggerPockets Podcast 248: From Shop Teacher to Multifamily Syndicator with Todd Dexheimer
- BiggerPockets Podcast 227: From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless
- BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock
Books Mentioned in this Show
- A Curious Mind by Brian Grazer
- The ONE thing by Gary Keller and Jay Papasan
- The 4-Hour Workweek Tim Ferriss
- The Millionaire Real Estate Agent by Gary Keller
- The Richest Man in Babylon by George S Clason
- Principles by Ray Dalio
Fire Round Questions
- Out of town financing
- From NYC to out of state investing Help
- How does investing out of state impact your tax status?
- Out of state smaller properties?
- How important is it to have an in-state CPA?
Tweetable Topics:
- “I’m putting a dream team together that runs on autopilot.” (Tweet This!)
- “The market itself is not quite as important as the success you’ll likely have in that market.” (Tweet This!)
- “It’s only risky if you’re lazy.” (Tweet This!)
- “You’re not going to make money right away when you start first doing anything new. It’s only going to be what you learn that will make money later.” (Tweet This!)
Connect with David
- David’s BiggerPockets Profile
- David’s Facebook Profile
- David’s Company Website
- David’s Personal Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Why do some people achieve incredible success while most others struggle? Why do some reach their goals while others give up within days of setting them? Why do some people make WAY more money at work while others are stuck in the mailroom for 40 years? Those topics, among many others, are the focus of today’s episode of The BiggerPockets Podcast, where we sit down with Eric Barker, author of the WSJ bestseller Barking Up the Wrong Tree: The Surprising Science Behind Why Everything You Know About Success Is (Mostly) WrongW. Eric spends his life exploring the science and psychology behind what actually makes an individual successful, and today we explore those often-surprising truths as they relate to real estate, business, and all areas of life!
In This Episode We Cover:
- Eric’s background
- What you should know about his book
- How to align yourself with what you’re good at
- The issue of grit
- The “3 Ps” (personal, permanent, and pervasive)
- The secret to forming habits
- How to create external accountability
- A discussion on systems vs. goals
- What you should know about introverts vs. extroverts
- How financial success can serve as a great defense
- Tips for not taking the day for granted
- How to become a super connector
- What makes somebody successful at work
- What “work-life balance” truly means
- The 4 metrics of success
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets’ Low Budget (Youtube Series)
- BiggerPockets Youtube Channel
- Stickk
- Fincon
- Noah Kagan
- Marginal Revolution
- Ryan Holiday
- Tim Urban’s Wait but Why?
- Josh Kaufman
- The Vietnam War
- Icarus Netflix Original
- The Armstrong Lie
- Command and Control
- The Bomb
- Gym Pact App
Books Mentioned in this Show
- Barking Up the Wrong Tree by Eric Barker
- The Miracle Morning by Hal Elrod
- The One Thing by Gary Keller and Jay Papasan
- Deep Work by Carl Newport
- The Personal MBA by Josh Kaufman
- Drive by Dan Pink
- The Hard Thing About Hard Things by Ben Horowitz
- Give and Take by Adam Grant
Tweetable Topics:
- “The single most motivating thing is the feeling of progress.” (Tweet This!)
- “The importance of the habit is consistency.” (Tweet This!)
- “In the end, it’s generally better to set up systems as opposed to goals.” (Tweet This!)
- “There is no fear with boredom.” (Tweet This!)
Connect with Eric
- Eric’s Blog
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How many hours per week does it take to be a successful real estate investor? The answer on today’s episode might surprise you. Today we’re sitting down with Elliot Smith, a real estate investor from Washington State who has an incredible story to tell about how he went from 70+ hour per week worker to “full-time” real estate investor who only works part-time. Elliot has an incredible outlook on life and business that’s contagious, so warning—you won’t leave this interview the same person. You’ll also learn how Elliot and his wife made over $100,000 their first year in real estate and the amazing tale of how they made over $100,000 in a single month. This show is as inspirational as it is educational (and filled with more than a few laughs!) so get ready to have your world rocked.
In This Episode We Cover:
- How Elliot got started real estate investing
- Whether you should do house inspections
- Their next deals and a great wholesale deal
- How to wholesale with a full-time job
- The importance of being honest with your sellers
- What exactly wholesaling entails
- How he made $100k in just one month!
- How to invest part-time and earn full-time
- Tips for building relationships with private lenders
- Advice on flipping with no money down
- Tips on finding a mentor
- How to do 30 deals a year
- How Elliot finds deals
- His way of making the world better
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Brandon’s Instagram Profile
- Mindy’s Twitter Profile
- BiggerPockets Blog
- 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber
- I’m Not Your Guru Netflix
- BiggerPockets Bookstore
- Wholesaling Resources
- Podio
- Dropbox
- Open Letter Marketing
- Gary Vee
Books Mentioned in this Show
- The Book on Rental Property Investing by Brandon Turner
- Finding and Funding Great Deals by Tarl Yarber
- Investing with Low or No Money Down by Brandon Turner
- The Millionaire Real Estate Investor by Gary Keller
- Pitch Anything by Oren Klaff
Fire Round Questions
- How do you secure your rehabs?
- How do you determine what to do for repairs/improvements?
- I live in a booming ski town and am looking to flip condos, advice?
- With all the contracts, documents, invoices, and other paperwork, what is your filing system to stay organized from start to finish?
Tweetable Topics:
- “If you’re asking if you need an inspector, then you need one.” (Tweet This!)
- “It all has to do with the intent. Is your intent to screw this person or is your intent to do the right thing?” (Tweet This!)
- “You’ll find really good people in this business who just love people and love helping.” (Tweet This!)
- “Money is not the most important thing. Friendship and relationships are the most important thing in this business.” (Tweet This!)
Connect with Elliot
- Elliot’s BiggerPockets Profile
- Elliot’s Facebook Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today’s guest needs no introduction, but this would look funny without one, so here we go! Today on The BiggerPockets Podcast, we sit down with Tim Ferriss, author of #1 New York Times Bestseller The Four Hour Work Week and his newest title, Tribe of Mentors and dive DEEP into the patterns that make high achievers accomplish so much. This show is unlike any other episode of our podcast, and we can’t guarantee you’ll be the same person when you finish. You’ll also discover Tim’s unique approach to real estate investing, as well as the books, apps, and routines that has made Tim one of the most influential thought leaders in our world today.
In This Episode We Cover:
- How the gang connected with Tim
- Whether his mom would be impressed by his accomplishments
- Why he walks to the beat of his own drum
- His recent “silent” retreat
- The value of meditation
- What you should know about self-awareness training
- The ins and outs of the book Tribe of Mentors
- Patterns that are common amongst high achievers
- The importance of turning off distractions
- Principles to live your life by
- How to be truly effective
- Tips for using money to buy time
- The 3 advantages that you can have in any type of investing
- How Tim Ferriss invests
- What a good investment entails
- Indicators of a solid property
- How Tim would analyze real estate
- The fundamental differences in real estate as an asset class
- The “worthlessness” of hard work
- How to balance ambition and being contented
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Bookstore
- Duolingo
- Alibaba
- BP Podcast 213: Investing in Real Estate Without Being a Landlord with Noah Kagan
- BP Podcast 245: Creating Wealth that Lasts Generations with Bestselling Author Ryan Holiday
- The Summit Conference
- Headspace
- Tim Ferriss Show: Jocko Willink’s Episode
- Tim Ferriss Show: Jamie Foxx Episode
- Nuzzel
- Moment App
- Rescue Time App
- Freedom Time App
- Fiverr
- Tim Ferriss: BJ Miller’s Episode
- 99Designs
- Duodie on Instagram
Books Mentioned in this Show
- Set for Life by Scott Trench
- The Book on Rental Property Investing by Brandon Turner
- The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han
- The Book on Flipping Houses by J. Scott
- Finding and Funding Great Deals by Anson Young
- The 4-Hour Work Weekby Timothy Ferriss
- The 4 Hour Body by Timothy Ferriss
- The 4-Hour Chef by Timothy Ferriss
- Tools of Titans by Timothy Ferriss
- Tribe of Mentors by Timothy Ferriss
- Young Millionaires by Rieva Lesonsky
- Man’s Search for Meaning by Viktor Frankl
- Poor Charlie’s Almanack by Charles T. Munger
- The Better Angels of our Nature by Steven Pinker
- Principles by Ray Dalio
- Warren Buffett Speaks by Janet Lowe
- Richest Man in Babylon by
- The Radical Acceptance by Tara Brock
- Berkshire Hathaway Letters to Shareholders
- More Money Than God by Sebastian Mallaby
- Liar’s Poker by Michael Lewis
- Lifeonaireby Steve Cook
- Rich Dad Poor Dad by Robert Kiyosaki
Tweetable Topics:
- “I don’t like having my sanity depend on luck.” (Tweet This!)
- “When you’re not thinking of the past, you’re not thinking of the future.” (Tweet This!)
- “It’s not that you don’t have time, it’s you don’t have priorities.” (Tweet This!)
- “It’s not how you do things, it’s what you do.” (Tweet This!)
- “Effectiveness over efficiency on all things.” (Tweet This!)
- “Thinking is actually asking questions and answering them in your own head.” (Tweet This!)
- “There’s no problem with hard work, as long as it applies to the right things.” (Tweet This!)
- “In the end, success is sleeping well.” (Tweet This!)
- “Worrying is praying for what you don’t want.” (Tweet This!)
- “It’s very hard to fail completely.” (Tweet This!)
Connect with Tim
- Tim’s Website and Podcast Page
- Tribe of Mentors
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Most of the guests here on the BiggerPockets Podcast have focused on residential properties—but there is a whole different world to explore in the commercial real estate space. That’s why we’re thrilled to bring you this powerful interview with an investor who’s truly crushing the commercial real estate industry! Our guest today is David Puchi, an investor who owns more than 50 neighborhood shopping centers (“strip malls”) throughout the United States. David tells how he built this massive portfolio and why he believes it is one of the best real estate niches to be a part of. This show will open your eyes to an exciting world you never knew existed.
In This Episode We Cover:
- How David started real estate investing
- Why he brought a bank guarantor partner into his deal
- How he turned a shopping mall around
- What the “Amazon proofing strategy” is
- What he looks for in commercial properties
- The challenges of this strategy
- Who to hire to start investing in shopping centers
- What synergy is in reference to tenants
- How one tenant can affect the whole center
- A passive way to invest in triple net properties
- Tips on how to finance these deals
- Where he finds his deals
- How to analyze a neighborhood for shopping malls
- Tips for performing due diligence for this kind of deal
- The metrics you should study to figure out the health of a tenant
- Where he sees his business in the future
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Marketplace
- BiggerPockets Podcast 250: Grant Cardone on Multifamily Investing and Why You Should Never Buy a House!
Books Mentioned in this Show
- The Book on Rental Property Investing by Brandon Turner
Fire Round Questions
- I am planning to build a 10~12K sqft strip with 6 units, which type of business will be well fit?
- What is protocol for charging and collecting overdue rent?
- How to lease retail store to franchise
- How to determine value of a commercial property w/ no list price?
- Adding appreciation to a commercial property
- Are current tenants a big factor in the sellability?
Tweetable Topics:
- “Having reasonable leverage makes more sense than over leverage.” (Tweet This!)
- “Basic property management experience is a great launching pad in owning commercial properties.” (Tweet This!)
- “You can’t rely on the market to force appreciation.” (Tweet This!)
Connect with David
- David’s Company Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
People spend years thinking about buying real estate—but many never take the first step. Not today’s guest, though! Today, we sit down with Craig Curelop, a new investor in the expensive Denver market, as he shares his story of buying his very first “house hack” and how’s he’s actually getting PAID to live for free. You’ll also learn some other creative way Craig is generating extra income each month (including renting out his car!) on his quest for financial freedom. It’s a super inspiring story with a plethora of tips, so don’t miss a moment of it!
In This Episode We Cover:
- Craig’s story and how he found out about BiggerPockets
- What he does at BiggerPockets
- How he house hacked his first home in Denver
- Tips for finding a good agent
- How to find a good lender
- What exactly PITI is
- How he’s generating rent from his place
- His method of fast tracking his way to financial freedom
- How his Airbnb system works, including how he handles cleaning
- Tips for turning liabilities to assets
- How he rents out his car
- A discussion on having a frugal lifestyle
- His future plans for real estate investing
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Marketplace
- 12 Easy Tips to Reduce Your Vacancy Rates and Find Great Tenants (blog)
- Airbnb
- Craigslist
- Turo
Books Mentioned in this Show
- The Book on Rental Property Investing by Brandon Turner
- Set for Life by Scott Trench
- The 10x Rule by Grant Cardone
- The One Thing by Gary Keller
- Rich Dad Poor Dad by Robert Kiyosaki
- Never Split the Difference by Chris Voss
- The Four Agreements by Don Miguel Ruiz &? Janet Mills
Fire Round Questions
- Do I need to disclose to my “roommates” that I am the landlord and owner?
- Is it a good deal to get a duplex (for the purpose of house hacking) if you paying small amount from your pocket every month to cover all the costs?
- Has anyone put a kegerator in their Airbnb?
- What would you recommend: pool, hot tub or none?
Tweetable Topics:
- “The first step to buying a property is to find a lender and to find an agent.” (Tweet This!)
- “To find the lender that’s right for you, you have to have the criteria you’re looking for.” (Tweet This!)
- “Everyone has a unique advantage in their life.” (Tweet This!)
Connect with Craig
- Craig’s BiggerPockets Profile
- Craig’s Facebook Profile
- Craig’s LinkedIn Profile
- Craig’s Twitter Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How do you build up an arsenal of relevant landlording knowledge? Through hands-on experience. Eric Drenckhahn is a “DIY landlord” who has managed his mid-sized portfolio for years and who has come across countless maintenance and landlording issues. Join us in picking his experienced mind across a myriad of real estate issues and learn how to become a successful DIY landlord.
In This Episode We Cover:
- How Eric got started investing in real estate
- Thoughts on buying properties for what they’re worth
- The reason he waited for 8 years before investing again
- Why the real estate crash didn’t hurt him
- Tips for determining your CapEx
- How to become a DIY maintenance landlord
- A discussion on DIY vs. hiring it out
- What you should know about managing properties
- Instances where doing it yourself goes a long way
- What’s next for with Eric
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Calculators
- LoopNet
Books Mentioned in this Show
- Set for Life by Scott Trench
- Emerging Real Estate Markets by David Lindahl
Fire Round Questions
- Who is responsible: tenant or landlord?
- How much do you collect as a holding deposit/fee, and what do you call it?
- What do your unit turnovers actually cost?
- Refinish hardwood or install LVP?
- Best flooring for a rental?
Tweetable Topics:
- “To make money, you need to have positive cash flow.” (Tweet This!)
- “Landlord can weed out the simple things.” (Tweet This!)
- “Managing property is no problem.” (Tweet This!)
Connect with Eric
- Eric’s BiggerPockets Profile
- Eric’s Personal Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
It’s the episode you’ve been waiting for: Grant Cardone is BACK on the BiggerPockets Podcast!
Last time Grant was on the show he owned $350 million in real estate. Now, with over $600 million, he’s just warming up! From the moment this show begins, it’s a high-powered, fast-moving, high-level (and hilarious) explosion of information and entertainment aimed to motivate, educate, and inspire you to greatness.
You’ll hear why Grant thinks buying a house is one of the stupidest decisions one can make, his plan for avoiding the next real estate decline, and why he says NOW is the best time to invest in real estate—plus a lot more.
In This Episode We Cover:
- What’s new with Grant
- A discussion on the next real estate crash?
- How to make money in today’s market
- Why a low cap rate matters
- How many offers he makes
- How to get going on big deals
- Why you need to go big
- The mistakes amateurs are making
- Various ways to learn more about properties without an agent
- Why you should partner with someone with money
- Areas to invest
- Why you shouldn’t buy a house
- The power of mobility
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Bookstore
- BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
- BiggerPockets Events
- LoopNet
- HFF
- ARA
- CBRE
- Cushman & Wakefield
- BiggerPockets Podcast 246: Surviving the Coming Crash, Earning 20% Returns, and Buying Mobile Home Parks with Kevin Bupp
Books Mentioned in this Show
- The 4-Hour Workweek by Timothy Ferriss
- The Richest Man in Babylon by George S. Clason
Tweetable Topics
- “In good times, everybody’s a showoff.” (Tweet This!)
- “The professional investor has to be willing to move to other markets.” (Tweet This!)
- “Not being known at all is going to hurt you.” (Tweet This!)
- “You don’t need a home.” (Tweet This!)
- “Houses were for the banks and weren’t for the people.” (Tweet This!)
Connect with Grant
- Cardone Capital
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Why do you want to invest in real estate? Is it just about having a lot of units—or is it about creating a life you can be proud of? On today’s episode of The BiggerPockets Podcast, we sit down with Josh Daniels, a real estate investor in Montana who, along with his wife Summer, has chosen to buy fewer but better deals on a quest for financial freedom.
You’ll hear about Josh’s highly creative actions that turned their first deal into a cash-cow, as well as the shift to (and reason for) investing in single family houses. You’ll love Josh’s attitude toward financial freedom, as well as his message that you don’t need hundreds of units to be free.
In This Episode We Cover:
- How Josh got started investing right out of college
- The story behind his killer first rental
- Rental rates for this property
- How they earned $80k on their next deal
- What exactly a live-in flip is
- How they manage their properties
- A discussion on tenant drama in multi- vs. single-family properties
- Josh’s “why” in his investing
- How to handle emotional attachment to deals
- Tips on financing deals through the BRRRR method
- His thoughts on Dave Ramsey’s advice for paying off loans
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Bookstore
- 500k Net worth in 5 years (I’m 30 today!!!) (Forum Post)
- Dave Ramsey
- From Shop Teacher to Multifamily Syndicator with Todd Dexheimer
Books Mentioned in this Show
- The Millionaire Mind by Thomas J. Stanley
- The Millionaire Next Door by Thomas J. Stanley
- Brandon’s Book on Rental Property Investing
- The Total Money Makeover by Dave Ramsey
Fire Round Questions
- New member – Looking for advice on getting started
- How many chances do you give a tenant who pays late?
- This house has no takers
Tweetable Topics
- “Ignore everything on the MLS. Drive every street and check out dilapidated properties.” (Tweet This!)
- “Life is not a competition.” (Tweet This!)
Connect with Josh
- Josh’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Looking to scale up your real estate investing business? If so, don’t miss this incredibly powerful episode of The BiggerPockets Podcast.
On today’s show, you’ll meet Todd Dexheimer, who started investing in real estate while working a full-time job as a shop teacher at a Minnesota High School. Todd walks us through his journey of quitting his job and scaling his business to hundreds of flips and rental properties in just a few short years.
You’ll hear how Todd analyzes markets before deals, how he puts together the financing on large multifamily purchases, and how he builds a solid team—no matter how far he’s located from the property.
In This Episode We Cover:
- How Todd got started in real estate
- How he found and financed his first deal
- What exactly a 203k loan is
- How he bought a rental and a flip
- How to three projects at the same time while working a full-time job
- What his investing life looks like today
- How he scaled his investing to hundreds of purchases
- How he was able to gradually quit his job
- Tips for digging deeper with midsize multifamily properties
- What he looks for in a property
- Advice for getting the overall picture of the market (a unique way to study markets)
- How Todd manages to invest out-of-state
- How to get the right people on your team
- Why he chose Cincinnati
- The story behind his 84-unit contract
- How he manages his projects
- His ski resort story
- Todd’s vision of owning $200 million in real estate
- And SO much more!
Links from the Show
- BiggerPockets Forums
- CBRE
- Marcus & Millichap
- ARA Rental
- Colliers
- Redi Cincinnati
- LoopNet
- Trulia
- Raising Money to Buy 1,000 Apartment Units with Brian Adams
Books Mentioned in this Show
- Set for Life by Scott Trench
- Finding & Funding Great Deals by Anson Young (discounted!)
- Emerging Real Estate Markets by David Lindahl
- Rich Dad Poor Dad by Robert Kiyosaki
- The ABCs of Real Estate Investing by Ken McElroy
- How to Win Friends & Influence People by Dale Carnegie
Fire Round Questions
- Is a roof deck on a multifamily worth building?
- What services could a person provide that would not be considered acting as a property manager?
- Short Term or Long Term Lease?
- Flipping a house with extensive mold (advice or order of repairs)
- Adding sqft to a home
- Owner wants to sell 9 mos from now…best way to tie up property?
Tweetable Topics
- “It’s not just about good cash flow; it’s about your ability to get out of that investment in the future.” (Tweet This!)
- “It’s all a referral business. People talk about people they like and trust.” (Tweet This!)
- “If you’re going to try to raise money, you’ve got to have people who know what you do.” (Tweet This!)
- “Getting good tenants is the best strategy.” (Tweet This!)
Connect with Todd
- Todd’s BiggerPockets Profile
- Todd’s Company Website
- Todd’s Linkedin Profile
- Todd’s Podcast
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today’s podcast is unlike anything you’ve heard before. Today, we’re not interviewing anyone. Instead, we’re going to motivate, educate, and inspire you to take some MASSIVE ACTION and sprint to the end of the year!
Why 90 days?
Because the end of 2017 is just three months away, and we know that many of you had some big goals you wanted to accomplish by the end of the year—but you are falling behind. Or maybe you’ve crushed your goals and you are ready to up the ante to hit an even higher goal.
On this podcast, you are going to discover :
- Why the next three months are the best time of the year to buy real estate
- How to build a step-by-step plan (including daily action steps) to accomplish your goal
- How to build a lead funnel that will generate consistent leads for your business
- And much more.
This episode is an invitation to join thousands of others in the BiggerPockets community to take the “90 Day Challenge,” a three-month sprint to hit your 2017 goals. This episode is unlike anything we’ve done before—and we think you’re going to love it. Amateur-hour is over. It’s time to take massive action.
In This Episode We Cover:
- 4 powerful reasons why Q4 is the best time to buy real estate… but only
- if you do this one thing
- Create a goal for the end of 2017 … and we’ll build a week-by-week, dayby-day
- plan to get there
- Learn how to build a real estate funnel that delivers leads on autopilot
- Discover how BiggerPockets can propel you to greater success, faster
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Calculators
- 7 Years to 7 Figure Wealth
- 90 Day Challenge Worksheet
- 90 Day Challenge Slides
Books Mentioned in this Show
- The book on investing with low or no money downby Brandon Turner
- The book on Rental Property Investing by Brandon Turner
Tweetable Topics:
- “Life doesn’t get better by chance. It gets better by change.” (Tweet This!)
- “A goal without a plan is just a wish.” (Tweet This!)
- “Every property has a ‘home run number.'” (Tweet This!)
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
When most investors hear the words “mobile home park,” they turn and run the other way. But not today’s guest, who’s found incredible success buying (and repositioning) mobile home parks.
You’ll learn how Kevin Bupp got his real estate started with single family homes (eventually owning hundreds) and how that led to major problems in the last real estate crash.
You’ll also find out how he’s making sure the next crash is different. Discover the incredible power of mobile home parks in generating huge returns in this less-popular real estate niche by learning Kevin’s story. If you are looking to generate huge amounts of cash flow, this is an episode you can’t afford to miss!
In This Episode We Cover:
- The difference between trailer parks and mobile home parks
- How Kevin got started
- Why to not choose single family homes
- How to “stress test” your deals
- How (and why) he got into mobile home parks
- The target market for this investment
- Some objections to owning a mobile home park
- The average vacancy Kevin deals with
- Tips for financing mobile home parks
- The challenges of analyzing mobile home parks
- How a mobile home park is valued
- Advice for adding value to parks
- What you want to consider when investing mobile home parks
- How to find mobile home parks
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Facebook
- BiggerPockets Books
- BiggerPockets Webinar
- BiggerPockets Pro Replay
- Podio
- Insightly
- Commercial Real Estate Investing With Frank Gallinelli
- Credit Karma
- Breakthrough App
Books Mentioned in this Show
- Set for Life by Scott Trench
- The Book on Rental Property Investingby Brandon Turner
- What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli
- The Slight Edge by Jeff Olson
Tweetable Topics:
- “There’s like a million and one ways to make money in real estate. You just have to pick one and give it some time.” (Tweet This!)
- “We want to be in front of the sellers when they either decide to sell or need to sell.” (Tweet This!)
- “Everyone goes through challenges in their business.” (Tweet This!)
- “Tomorrow probably will provide the answer if you don’t give up today.” (Tweet This!)
Connect with Kevin
- Kevin’s BiggerPockets Profile
- Kevin’s Personal Website
- Kevin’s Company Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Are you in this business to make a quick buck—or are you looking to build generational wealth for you and your family? If the latter is true for you, don’t miss a moment of this powerful show with bestselling author Ryan Holiday.
Ryan, best known for his books, such as The Obstacle Is the Way: The Timeless Art of Turning Trials into TriumphA, Trust Me, I’m Lying: Confessions of a Media Manipulatorr, Ego Is the Enemye, andPerennial Seller: The Art of Making and Marketing Work that Lasts, is also a part-time real estate investor and lender.
In this show, we cover a large variety of topics including hard money lending, vacation rentals, writing books, how the awareness of death can make life better, stoicism, and much, much more.
In This Episode We Cover:
- Ryan’s background
- The importance of learning from other people
- His experience as Director of Marketing for American Apparel
- Tips on looking for a mentor
- His first real estate adventure
- His thoughts on Airbnb
- How he gets leads for loans
- How to do what you love through passive income
- The story behind The Obstacle is the Way
- How to react to economy collapse
- Advice to investors who only see the obstacle
- How to control your ego
- Why you should do the right thing despite not sharing it
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Facebook
- BiggerPockets Books
- BiggerPockets Webinar
- Josh’s Instagram Profile
- Brandon’s Instagram Profile
- Derek Sivers
Books Mentioned in this Show
- Set for Life by Scott Trench
- Finding and Funding Great Dealsby Anson Young
- The Obstacle Is the Way by Ryan Holiday
- Trust Me, I’m Lying by Ryan Holiday
- Ego is the Enemy by Ryan Holiday
- Perennial Seller by Ryan Holiday
- The 48 Laws of Power by Robert Greene
- Cashflow Quadrant by Robert Kiyosaki
- Rich Dad Poor Dad By Robert Kiyosaki
- The Millionaire Next Door by Thomas J. Stanley
- Fooled by Randomness by Nicholas Taleb
- The Black Swan by Nicholas Taleb
- Antifragile by Nicholas Taleb
- Billion Dollar Lessons by Paul B. Carroll & Chunka Mui
Fire Round Questions
- Best Way to Invest a Large Lump Sum of Money ($100-$300K)?
Tweetable Topics:
- “Any fool can learn by experience. I prefer to learn by the experience of others.” (Tweet This!)
- “Every single business is hiring if you can help them make more than you cost.” (Tweet This!)
- “A mentorship is not a destination, it’s a process that ensues.” (Tweet This!)
Connect with Ryan
- Ryan’s Instagram Profile
- Ryan’s Website
- Daily Stoic
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
There are a lot of reasons to love being a real estate investor. One of the most impressive is the “unfair” tax treatment investors get by the US Government – and we mean that in a good way!
On today’s episode of The BiggerPockets Podcast, we sit down with CPA Linda Weygant to learn more about those incredible tax benefits. You’ll also hear how she discovered the power of real estate through her clients, and how that led her to begin her own investing journey.
Linda shares how she navigates the messy world of investing in properties that have HOAs, as well as how she uses her “unfair advantages” to succeed where others fail. Finally, as a CPA, we have a special “tax-focused-Fire-Round” where we talk about LLCs, deductions, and much more!
In This Episode We Cover:
- How Linda got into real estate
- Why the government likes real estate investors
- What her first deal looked like
- What to look out for when using credit cards for rehabs
- Should you be debt free before investing?
- Debt to income ratio
- Why she chose a townhouse as a first investment
- Her HOA story
- The landlord vs HOA mentality
- How she got her positions in the HOA boards
- Rent-By-The-Room apartments
- How to manage Rent-By-The-Room
- Investing with family and getting an LLC
- How one should handle their business
- Where she’s headed in the next 10 years
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Sept. 27, 2017 NYC Meetup w/Brandon Turner (Darren’s Event)
- BiggerPockets Calculators
- Partnerships, Landlording, and Getting Started in Real Estate with Meghan McCallum
- Meghan McCallum’s BiggerPockets Profile
- BiggerPockets Meetup Events
- Brandon Hall’s BiggerPockets Profile
Books Mentioned in this Show
- Set for Life by Scott Trench
- The Book on Rental Property Investingby Brandon Turner
- Finding and Funding Great Dealsby Anson Young
- The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland
- The 4-Hour Workweek by Timothy Ferriss
- You’ve Got This by Will Matthews
Fire Round Questions
- Writing off a firearm?
- Meet 750hrs on a Single Rental Property?
- Is education cost a tax deductible business expense?
Tweetable Topics:
- “The costs to maintain a property go up every year.” (Tweet This!)
- “Always be open for something new.” (Tweet This!)
- “Always treat your tenants with respect.” (Tweet This!)
Connect with Linda
- Linda’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Let’s be honest: not everyone is trying to buy hundreds or thousands of properties. In fact – just a small handful of incredible deals can help build impressive wealth AND great income. That’s the story you’ll hear today as we speak with Joe “JD” Martin, a real estate investor who’s building wealth while working his full-time job.
As you’ll hear, JD had a rough start to his investing, losing over $100,000 on his first “deal,” but came back to create a stable, cash-flowing portfolio of single family houses that has given him financial freedom and over a million dollars in wealth. If that sounds like a plan you can get behind – don’t miss a moment of this powerful episode!
In This Episode We Cover:
- Losing six figures on the first deal
- The number one problem of that failed deal
- How Joe got back into investing again and the strategy he chose
- The details on his first rehab
- Landlords who hate being landlords
- How the quality of tenants matter
- The importance of knowing who you want to rent to
- Having a day job while investing
- A Simple investing strategy
- How he finances his properties
- What is Cashflow Recycling?
- The freedom to do what you love to do
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Pro Replay
- Josh’s Instagram Profile
- Brandon’s Instagram Profile
- Brandon’s Twitter Profile
- Josh’s Twitter Profile
- BiggerPockets Calculators and Analysis Tools
- Zillow
- Trulia
- Realtor
Books Mentioned in this Show
- Real Estate Investing For Dummiesby Eric Tyson & Robert S. Griswold
- Your Money or Your Life by Vicki Robbin, Joe Dominguez, & Monique Tilford
- The $100 Startup by Chis Guillebeau
- The Millionaire Next Door by Thomas J. Stanley & William D. Danko
- The 4-Hour Workweek by Timothy Ferriss
Fire Round Questions
- Can I get started in real estate with $20k… and how?
- What’s your best advice for tenant screening?
- Electric vs Natural Gas Range/oven for tenants
- Tenant’s dog bit me on the leg
Tweetable Topics:
- “A great place to live may not be a great place to sell to make some money.” (Tweet This!)
- “There’s no one path that works for everyone.” (Tweet This!)
- “You’re really just competing against yourself. There’s no competition.” (Tweet This!)
Connect with Joe
- Joe’s BiggerPockets Profile
- Joe’s Personal Website
- Joe’s Band
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Money doesn’t buy happiness – but it can give you the freedom to live a truly extraordinary life, something our guest today can really speak to! We sit down with Josh Randall, an investor from Kentucky with nearly 100 units who also works as a full-time business owner.
You’ll love Josh’s mindset when it comes to buying cars, travel, and more through real estate, as well as his “goal-focused” investing that will get him fully retired by the age of 48 (with $50k a month in cash flow!) Josh is incredibly fun and also highly informative, so don’t miss a second of this show which Brandon calls “one of his top episodes ever!”
In This Episode We Cover:
- How Josh got started in real estate through buying a Corvette
- Details on his first deal – a mini mall
- Selling bath tubs while property was still empty
- How many properties Josh currently owns
- Juggling business and real estate investing
- Facebook Marketing to find deals
- The Plumber story
- His strategy
- His monthly cashflow
- The ‘why‘ behind his investing
- Making assets pay for the liability
- His strategy in finding deals
- The types of houses he buys
- Adding one more bedroom to a house
- What is a knockdown?
- Managing a business with 70 employees and real estate investing
- The Limo Hummer
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Youtube Channel
- BiggerPockets Facebook Profile
- Buy and Hold Real Estate—What Works and What Doesn’t with Tim Shiner
- BiggerPockets Webinar
- Tenant Cloud
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- 50 Things They Didn’t Teach You in School by Tim Shiner
- Playing to Win: Jerry Jones and the Dallas Cowboys by David Magee
Fire Round Questions
- Oil tank in basement – should I remove?
- Investing/Flipping Manufactured home. Good or bad idea?
- Buyer asks for inspection report items to be repaired.
Tweetable Topics:
- “Real estate is a piece of cake. I can do it with my eyes closed!” (Tweet This!)
- “There’s always a way to add an additional bedroom.” (Tweet This!)
- “Not everybody is the same person.” (Tweet This!)
Connect with Josh
- Josh’s BiggerPockets Profile
- Central City Rentals Facebook Page
- Josh’s Company Website
- Josh’s Personal Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Is it possible to go from firefighter to real estate mogul? Just ask Jeff Wallenius, who started with a single flip, financed entirely with hard money. He was able to parlay that early success into a profitable flipping business and has been flipping 10-12 houses a year in the Portland market for the last five years. Now, he’s set his sights even higher, has created a couple of funds, and is buying cash flowing turnkey real estate around the country.
In This Episode We Cover:
- Jeff’s transition from firefighting to real estate investing
- His first flip
- What exactly a “cash flow negative” spouse is
- The numbers on that first deal
- How he sold it
- How to price your property
- Why he went back in 2012 after the crash
- The indicator of a good partner
- How he scales his flipping business
- What he thinks buying out-of-state
- Tips for “riding along” with someone to learn more
- How to build an investment fund
- Why he sees safety and performance as his bull’s eye
- What turnkey is and how someone can vet one
- His next goal: acquiring 150 houses in his portfolio
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Forms
- BiggerPockets Conversations
- Farmers Only
- Lessons Learned from 40+ Years as a Real Estate Investor with Jay Hinrichs
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- Set for Lifeby Scott Trench
- Talent is Overrated by Geoffrey Colvin
Fire Round Questions
- Long distance rehab: hire project manager, or pass?
- Let’s get real about starting out
Tweetable Topics:
- “You don’t want to be the cheapest property in the market.” (Tweet This!)
- “I’d like to align myself with people that have good morals that are going to do the right thing when it’s hard.” (Tweet This!)
- “Flipping is great, but when we stop flipping, the money ends.” (Tweet This!)
Connect with Jeff
- Jeff’s BiggerPockets Profile
- Jeff’s Company
- Jeff’s Facebook Profile
- Jeff’s Twitter Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Financial debt (like student loans or credit cards) is irritating, expensive, and flat-out dangerous. But you don’t have to be stuck paying the minimum payments for decades like most Americans.
Today, we’re excited to introduce you to Brentin Hess, a young investor who “flipped his way out of student loan debt” and has already been able to quit his job thanks to his real estate investments.
You’ll learn how Brentin used a partnership to begin his house flipping journey, as well as the mistakes that cost him time and money in the beginning. Brentin is incredibly inspiring, so take time to listen to this entire episode—and prepare to have a fire lit beneath you!
In This Episode We Cover:
- Tips for getting into real estate at a young age
- Brentin’s experience of having a real estate license at 19 years old
- How his first partnership came to fruition
- How to deal with contractors when you’re young
- The details of his first deal
- Tips for leveraging capital
- What exactly a Guidance Line of Credit is
- The importance of building relationships
- Why he shifted from flipping to rental properties
- How he financed a multifamily deal
- Tips for finding the right partners
- When you should consider the rent as stabilized
- How he quit his job
- The story of how Gary Vaynerchuck was a guest for his event
- And SO much more!
Links from the Show
- BiggerPockets Forums
- How to Achieve Greater Success by Doing Less with Devin Elder
- Achieving Financial Freedom at Age 32 with Austin Fruechting
- A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
- Gary Vaynerchuk’s Podcast
- From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn
- The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman
- How Modeling Greatness Can Get You To 100+ Deals with Matt Aitchison
- Overcoming Inaction, Direct Mail, and Becoming an Successful Wholesaler with Tim Gordon
- Brandon’s Twitter
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- Crush It! by Gary Vaynerchuk
- The Millionaire Real Estate Investor by Gary Keller
- How to Make Big Money in Small Apartments by Lance Edwards
- Change Your Habits, Change Your Life by Tom Corley
- The 7 Habits of Highly Effective People by Stephen Covey
Fire Round Questions
- Which mortgage should I pay off first? Rental or my own?
- Credit card to fund renovations—lots of questions!
- How can I avoid the mistakes that YOU made?
Tweetable Topics:
- “A lot of people who are into real estate sales don’t even get into investing.” (Tweet This!)
- “Flipping is transactional.” (Tweet This!)
- “Time is a finite resource.” (Tweet This!)
- “Life is boring if you’re not being creative.” (Tweet This!)
Connect with Brentin
- Brentin’s BiggerPockets Profile
- Brentin’s Instagram Profile
- Brentin’s Facebook Profile
- GoRecn
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Many people dream of achieving financial freedom, but how many actually get there? Today on The BiggerPockets Podcast, you’ll meet one man who did just that. Austin Fruechting began buying rental properties less than 10 years ago, but by the age of 32 was able to retire on the cash flow coming in.
You’ll learn just how he was able to do this by reverse engineering success, buying rental properties in bulk, and using the BRRRR strategy to minimize the cash he needed to buy his properties. Whether you are looking to achieve financial freedom at 32, 52, or 72, this podcast is one you don’t want to miss!
In This Episode We Cover:
- How Austin got started in just 9 months
- The details of his first deal
- Tips for accessing lines of credit as a newbie
- What you should know about unsecured lines of credit
- How he finds the deals
- Why he doesn’t invest in turnkey properties
- How to map out the passive income financial freedom involves
- What it’s like to achieve financial freedom at 32
- What exactly a long-term buy and hold is
- How to find a good property manager
- The best deal Austin’s ever done
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Slow Hustle Podcast
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- Thinking, Fast and Slow by Daniel Kahneman
Fire Round Questions
- German roaches – tardy tenants
- Newbie Wondering Where I Should Invest?
- Newbies: What is the competitive advantage?
- Best advice you were given?
Tweetable Topics:
- “The fear is always going to be conquered by knowledge.” (Tweet This!)
- “When the right deal is there, I do whatever it takes to get it done.” (Tweet This!)
- “As long as you keep proving yourself, it opens some other doors.” (Tweet This!)
- “All of the pros started as complete novices and beginners too.” (Tweet This!)
Connect with Austin
- Austin’s BiggerPockets Profile
- Austin’s Blog
- Austin’s Instagram Profile
- Austin’s Facebook Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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 luck had to do with his great deals
- Tips for buying areas in with both cash flow and appreciation
- His formula for financial freedom (using multifamilies)
- A discussion on single families versus multifamilies
- How to find deals in your market
- Tips for seeking out the perfect property manager
- How many units he has now
- How to tackle big projects
- How he manages his work with his time as a teacher
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Zillow
- Craigslist
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- Multi-Family Millions by David Lindahl
- Loopholes of Real Estate by Garrett Sutton
- The 7 Habits of Highly Effective by Stephen Covey
- Think and Grow Rich by Napoleon Hill
- The 10X Rule by Grant Cardone
Fire Round Questions
- What strategies do you use to find the “right” property manager?
- Is a skunk in the yard my responsibility?
- Apartment bedrooms 2, 1 or studios
- Investing in San Diego
- Investing in rental income properties out of state
Tweetable Topics:
- “Living in San Diego, if I am able to do it, anybody can do it.” (Tweet This!)
- “Luck is when preparation meets opportunity.” (Tweet This!)
- “Make sure you make connections with everybody.” (Tweet This!)
- “I don’t take advice from someone that has less than me.” (Tweet This!)
Connect with Michael
- Michael’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In this episode of The BiggerPockets Podcast, we’re excited to talk about two incredibly powerful strategies any real estate investor (new or experienced!) can use to grow their business: partnerships and BRRRR investing.
Today’s guest, Ian Reeves, used a combination of both these strategies to build an incredible portfolio in just the past few years, having started after listening to this very podcast. This episode is sure to blow your mind with both education and entertainment, so sit back and prepare to have your world rocked forever!
In This Episode We Cover:
- How Ian got started
- The details of his first property
- Why house hacking is a good idea
- How he has 65 units already
- Why he chose partnership
- Tips for finding the right partners through BiggerPockets
- The pros of being a part of an REI meetup
- What you should know about the BRRRR strategy
- A look into whether you should buy expensive properties
- Where he got his initial loan
- The dangers of commercial loans
- The importance of having the right mindset
- The secret to scaling quickly
- The worst deal he has ever done
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Creation Festival Northwest
- 10th Avenue North
- Fincon
- House Hacking 101
- Brandon’s Instagram
- Mindy’s Instagram
- BiggerPockets Events
- 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber
- A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
- Tim Ferriss Show: Derek Sivers
- How to Find and Fund Real Estate Deals with Anson Young
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- The Millionaire Real Estate Investor by Gary Keller
- The Miracle Morning by Hal Elrod
- Set for Life by Scott Trench
- The One Thingby Gary Keller and Jay Papasan
- The Book on Rental Property Investing by Brandon Turner
- The 4-Hour Work Week by Tim Ferriss
- Mastery by Robert Greene
- 80/20 Sales and Marketing by Perry Marshall
Fire Round Questions
- Mailing campaign – letter, post cards (Still a good idea?)
- I just turned 22, what is the best path for a strong portfolio?
- How the Heck Are You Doing 5-10 BRRRRs Per Year?!
- Looking for networking advice
- Partnership Learning Process
Tweetable Topics:
- “It’s a dangerous situation when you are not reinvesting your profits.” (Tweet This!)
- “Fifty percent of a deal is better than 100 percent of no deal.” (Tweet This!)
- “Just tell the people what you’re doing and they can sense the passion.” (Tweet This!)
- “All the information that you could ever want is already out there. It’s up to you if you implement or not.” (Tweet This!)
Connect with Ian
- Ian’s BiggerPockets Profile
- Ian’s Facebook Profile
- Ian’s Youtube Channel
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How does one scale a real estate investing business to hundreds of thousands of dollars in profit in under two years?
That’s the topic on today’s episode of The BiggerPockets Podcast, where you’ll hear just how Lance Wakefield, a real estate wholesaler in the Dallas area, accomplished that amazing feat. You’ll hear Lance’s powerful story of hitting rock bottom through numerous tragedies that hit him all at once and the devastation that caused—but you’ll also hear how he went from having just $3,500 to his name to earning over $400,000 in profit in less than 18 months.
This show is motivating, educational, powerful, and moving—so don’t miss a moment of it. This is one show you’ll want to bookmark and listen to over and over and over again!
In This Episode We Cover:
- What Lance did before real estate investing
- How he learned to flip homes at the age of 15
- The concept of “house hacking” car dealerships
- The life tragedies that led him to lose everything
- Why stupid deals provide priceless teaching moments
- How to achieve massive success in just 21 months
- Why he teamed up with his wife
- The story behind their first deal
- What to know about the 2% Rule
- What you get when you spend $50k/month on marketing
- How to build out your processes
- How to obtain the right mailing list
- The software he uses to build his deal funnel
- How he determines the needs of the seller
- How to make real estate investing a business
- What’s next for Lance
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Hard Money Lenders
- Advertise on BiggerPockets
- Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael Quarles
- BiggerPockets Meet
- Pipedrive
- BiggerPockets Webinars
- J. Scott’s BiggerPockets Profile
- A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
Books Mentioned in this Show
- Trump-Style Negotiation by George Ross
- Multipliers by Liz Wiseman
- Traction by Gino Wickman
- The Miracle Morning by Hal Elrod
- Set for Life by Scott Trench
Fire Round Questions
- Proof of funds letter
- Building a buyers list
- Questions to ask an accountant
- Best way to find Contractors in this busy market
Tweetable Topics:
- “It was stupid to do as a deal. But as a learning experience, it was priceless.” (Tweet This!)
- “Our goal is to meet the need of the seller.” (Tweet This!)
- “When you are not focusing on the revenue, you are focusing on the wrong thing.” (Tweet This!)
- “Negotiation is everything. It is the key to real estate.” (Tweet This!)
Connect with Lance
- Lance’s BiggerPockets Profile
- Lance’s LinkedIn Profile
- Lance’s Facebook Profile
- Lance’s Instagram Profile
- Lance’s Phone Number: 469-478-2143
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
From the millions of people who come to BiggerPockets each month, there are two issues that we hear about over and over and over: People can’t find deals, and they can’t find money.
So today on the BiggerPockets Podcast,we’re excited to dive deep into these two issues with a good friend of BiggerPockets—Anson Young. Anson is an experienced investor (and new author!) who shares his best tips for finding real estate deals, even in a competitive market. You’ll learn his best direct mail tips, advice for talking with sellers, and much, much more!
In This Episode We Cover:
- Who is Anson Young?
- How many deals he has done so far
- The most common mistakes made when finding deals
- How to set the right criteria
- Where to find great properties
- How to cut through the competition
- Tips for using CRMS and checklists for direct mail marketing
- Where Anson gets his lists
- What exactly a probate is
- How to maximize networking and referrals
- How to use bandit signs the right way
- The bonuses you’ll get with Anson’s book
- What you need to know about funding deals
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Store
- ListSource
- BiggerPockets Podcast 034: Virtual Real Estate Investing and How to Find Great Deals in a Hot Market with Anson Young
- BiggerPockets Podcast 096: Finding Deals, Wholesaling and House Flipping in a Hot Market With Anson Young
- BiggerPockets Podcast 144: Getting Out of Your Comfort Zone and Kicking Butt at Real Estate with Danny Johnson
- BiggerPockets Podcast 232: The Four Lead Sources Nathan Brooks is Using to Flip 120 Houses a Year
- Podio
Books Mentioned in this Show
- Finding and Funding Great Deals by Anson Young
- The book on investing with Low or No Money Down by Brandon Turner
- The Checklist Manifesto by Atul Gawande
- Rich Dad Poor Dad by Robert Kiyosaki
- The Obstacle Is the Way by Ryan Holiday
- Ego Is the Enemy by Ryan Holiday
Tweetable Topics:
- “Step one is always finding out where you want to be for what you want to do.” (Tweet This!)
- “The more work it takes, the less competition I have.” (Tweet This!)
- “I don’t trust anyone’s numbers.” (Tweet This!)
Connect with Anson
- Anson’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
People often toss around the term “passive income” when it comes to owning rental properties. And, in truth, there are ways to make managing tenants passive. But for the majority of investors, being a landlord can be tough.
On today’s show, we talk with Ryan Murdock, an investor and property manager from Maine about the lessons he’s learned building up his rental portfolio. Ryan also shares his story of going to the brink of financial ruin with a “no money” deal and how to avoid losing your shirt when doing creative financing.
In This Episode We Cover:
- How Ryan started by reading a book
- The beauty of house hacking
- Why he started his own property management company
- Tips for dealing with inherited tenants
- How to find good agents
- Thoughts on having an agency to “sponsor” you
- How to know when to quit your job
- The things he misjudged while buying houses
- How capital plays a huge role
- How to accurately estimate costs when fixing properties
- How many rental units he has
- Tips for finding properties through the BiggerPockets Marketplace
- What metrics he uses to decide on a property
- How he funded his deals
- What he would do differently if he started again
- The BRRRR strategy
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Marketplace
- BiggerPockets Keyword Alerts
Books Mentioned in this Show
- Set for Life by Scott Trench
- Property Management For Dummies by Grisworld
- The book on investing with Low or No Money Down by Brandon Turner
- The E-Myth by Michael Gerber
- The ONE Thing by Gary Keller and Jay Papasan
Tweetable Topics:
- “Don’t just quit and hope for the best.” (Tweet This!)
- “Creative investing is not about being broke. It’s just about putting together a deal without your own money.” (Tweet This!)
- “You either win or you learn.” (Tweet This!)
Connect with Ryan
- Ryan’s BiggerPockets Profile
- Ryan’s Property Management Website
- Realty of Maine
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Some investors get started slowly—a deal here, a deal there. But for Arianne Lemire, going slow was not an option.
Arianne began investing just a year and a half ago but has already done 15 deals, with more coming in every month! How did she do it? As she explains, a powerful “why.” You’ll learn how Arianne turned her drive for financial independence into a real estate career that includes rentals, flips, and wholesaling.
Arianne’s story is powerful and will inspire you to blast off like a rocket to reach your destination!
In This Episode We Cover:
- How Arianne got started through the BiggerPockets webinar!
- Her very first deal
- What “delayed financing exemption” means
- How she used BiggerPockets to figure out her strategy and to find a lender
- A discussion on whether you should get your real estate license
- Where Arianne invests
- How she shifted her strategy due to her “why”
- How to handle being a female real estate investor
- Tips for landing lots of deals in just two years
- Where she is now in her business
- What marketing strategy she uses
- A general contractor horror story
- The importance of surrounding yourself with the right people
- What’s next for her
- And SO much more!
Links from the Show
- BiggerPockets Bookstore
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Podcast 163: Making Your Real Estate Business Soar While Working a Full-Time Job with Bill Allen
- BRRRR Strategy
- Auction.com
- Williams and Williams
- XOme
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert T. Kiyosaki
- The Book on Rental Properties by Brandon Turner
- Set for Life by Scott Trench
- The Book on Flipping Houses by J. Scott
- The Book on Rental Property Management by Brandon and Heather Turner
- The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland
- Procrastinate on Purpose by Rory Vaden
Tweetable Topics:
- “It’s just a number’s game, so just submit as many offers as you can.” (Tweet This!)
- “Instead of being a piece in the chessboard, you’re now looking over the chessboard.” (Tweet This!)
- “Use your strengths to your advantage.” (Tweet This!)
Connect with Arianne
- Arianne’s BiggerPockets Profile
- Arianne’s Company Facebook Page
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Why do some people struggle finding one single real estate deal, when others are finding dozens each month? What’s the secret to getting consistent leads? According to our guest today, it’s relationships—and specifically, there are four types of relationships that bring him over 100 deals a year.
Today we’re excited to bring back Nathan Brooks as we dive deep into all four strategies he’s currently using to bring in incredible deals. And don’t miss the powerful discussion we had about leadership and the extreme ownership needed to take your business to the next level! This show is as funny as it is informative, so sit down and prepare for an amazing 90-minute episode!
In This Episode We Cover:
- Nathan’s quick back story
- How he finds all his properties
- The importance of building relationships with the right people
- The exact phrase he says to agents
- How he uses the 80/20 principle in relationships
- The four lead sources Nathan uses
- Tips for dealing with wholesalers
- The property management software he use
- How to find and keep great contractors
- How to take responsibility for the leadership of your team
- And SO much more!
Fire Round Forum Links
- Contractor Dilemma – Advice?
- 60k Prop or 100k Prop? Cash flow vs. Value
- Property Manager Vendors are expensive
- Failure to launch, no luck so far
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast 087: How to Thrive After The Collapse of a Real Estate Empire with Nathan Brooks
- BiggerPockets Podcast 159: How to Build a Real Estate Business That Buys 60 Deals a Year with Nathan Brooks
- ifttt.com
- BiggerPockets Events
- Josh’s Instagram Profile
- Brandon’s Instagram Profile
- Appfolio
- Podio
- Jocko’s Instagram Profile
- Saturday Night Live video with Josh
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert T. Kiyosaki
- The ONE Thing by Jay Papasan and Gary Keller
- Traction by Gino Wickman
- E-Myth by Michael Gerber
- Extreme Ownership by Jocko Willink
- The Millionaire Real Estate Investor by Gary Keller, Dave Jenks, and Jay Papasan
- The Book on Rental Properties by Brandon Turner
- Set for Life by Scott Trench
Tweetable Topics:
- “It’s all about relationships.” (Tweet This!)
- “If you can’t afford the management, you probably can’t afford the house.” (Tweet This!)
- “You have to take responsibility for the leadership of your team.” (Tweet This!)
Connect with Nathan
- Nathan’s BiggerPockets Profile
- Nathan’s Company Website
- Nathan’s Company Facebook Page
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
There are a lot of “shady” people in the real estate space, and wholesalers tend to be the worst offenders. So today on The BiggerPockets Podcast, we are excited to bring you an interview with Brett Snograss, an investor from Indianapolis market who’s (ethically) wholesaling up to 25 houses each month!
Brett shares his exact strategies for finding deals, growing his business, and networking with others. You’ll even witness a “one-on-two coaching” moment as Brett walks Josh and Brandon through their “first deal” at wholesaling real estate.
Brett is a great guy with a super powerful message that will leave you motivated and equipped to dominate your own real estate market!
In This Episode We Cover:
- Brett’s background as an entrepreneur (and how he got sued!)
- Tips for buying discounted real estate properties
- How to get up to 25 properties a month
- His definition of wholesaling
- Why he doesn’t fix and flip
- A discussion on whether this is a good strategy for newbies
- How his company handles closing costs
- Why wholesalers run a transactional business
- The average profit per deal and a walkthrough of one deal
- How to use direct mail and a PPC website
- Tips for working on your marketing funnel
- What Brett’s team looks like
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Real Estate Investing as a Side Hustle with Grammy-Winning Producer Seth Mosley
- Josh’s Instagram Profile
- Brandon’s Instagram Profile
- Josh’s Twitter Profile
- Brandon’s Twitter Profile
- Listsource
- AgentPro 247
- BiggerPockets Webinar
- Jaren Barnes BiggerPockets Profile
- SWP:002 The Epic Adventure Story of Brandon Turner
- CallRail
- Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert T. Kiyosaki
- The ONE Thing by Jay Papasan and Gary Keller
- Traction by Gino Wickman
- The Millionaire Next Door by Thomas J. Stanley
- No B.S. Time Management for Entrepreneurs by Dan Kennedy
Tweetable Topics:
- “Your reputation is everything.” (Tweet This!)
- “If I can save myself 5 hours a week training somebody else to do what I’m doing, then that’d be awesome.” (Tweet This!)
- “Wholesaling is a transactional business.” (Tweet This!)
Connect with Brett
- Brett’s BiggerPockets Profile
- Brett’s Company Website
- Simplewholesaling Podcast
- Simplewholesaling Properties
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Real estate doesn’t need to be a full-time business, but it can be a fantastic side hustle! That’s the topic on today’s episode of The BiggerPockets Podcast, where we sit down with Seth Mosley, a musical artist and producer (with several Grammy awards to his name!) who invests in rental properties on the side.
Seth has a ton of great tips to share today for anyone looking to buy more real estate but not able to spend 40 hours a week doing it. And be sure to listen for his fascinating strategy on how he used a virtual assistant to help find and analyze deals! This show is packed full with tips, stories, and humor, so don’t miss a moment of it!
In This Episode We Cover:
- How Seth started as a music producer, with investing as a side hustle
- The tax advantages, appreciation, and other reasons why he chose real estate
- How to know which path to take in real estate investing
- How you can use 1030 exchanges to buy up to 6 units
- His portfolio of 20 doors and where he invests
- How he uses virtual assistants to help him find deals
- Why you should consider starting an investment club
- What you should know about S.I.D.E. H.U.S.T.L.E.
- The importance of focusing on relationships
- Tips for becoming a part-time investor
- What’s next for Seth
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Events
- E and S Tile Instagram
- Josh’s Instagram Profile
- Brandon’s Instagram Profile
- Newsboys (Band)
- DC Talk (Band)
- Upwork
- BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
- BiggerPockets Author
- Dave Ramsey
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert T. Kiyosaki
- The Checklist Manifesto by Atul Gawande
- The Miracle Morning by Hal Elrod
- The ONE Thing by Jay Papasan and Gary Keller
Tweetable Topics:
- “Don’t be too attached just because you lived in it. View it as an investment.” (Tweet This!)
- “If there’s no door, then just build one.” (Tweet This!)
- “Just get started and get fancy later.” (Tweet This!)
- “Don’t look for the cheapest property manager. Look for the best one. Hire slow and fire fast.” (Tweet This!)
Connect with Seth
- Seth’s BiggerPockets Profile
- Full Circle Music
- Seth’s Investor Group Facebook Page
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Not everyone wants to work a “real job”—but luckily, real estate investing can offer financial freedom for those willing to put in the work. Today’s guest on The BiggerPockets Podcast exemplifies this perfectly!
Our guest today, Zeona McIntyre, is a master at short-term (aka “vacation”) rental properties and has achieved early retirement with just a small handful of these units. On this fun episode, you’ll discover how Zeona began her rental journey before buying a single property, how short-term rentals can provide significantly more cash flow than traditional rentals, and numerous tips and tricks for getting the biggest bang for your buck.
We also chat on private lending, finding deals, and the amazing number of countries (and continents) Zeona has traveled to. Whether you plan to buy short-term rentals in your future or not, this show packs a powerful punch that everyone needs to hear!
In This Episode We Cover:
- How Zeona got into the real estate game
- Why she started out by subleasing her apartment as an Airbnb rental
- Why you should see private money lenders as opportunities
- Why reading the fine print is important before signing anything
- How she found her next deal site unseen
- What’s unique about her market
- How she uses systems to manage her units
- What early retirement means to her
- Tips for managing vacation rentals at a distance
- Discriminations and legalities on these properties
- Airbnb hacks and tips
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Files
- Parks and Recreation (TV Show)
- Couchsurfing
- Airbnb
- Afford Anything (Blog)
- BiggerPockets Podcast 035: Quitting Your Job, Lifestyle Design, and Being a Traveling Landlord with Paula Pant
- BiggerPockets Ultimate Beginner’s Guide to Real Estate Investing
- Casa Mia Pizza
- Homeaway
- Booking.com
- Expedia
- BiggerPockets Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber
- BiggerPockets Bookstore
Books Mentioned in this Show
- Set for Lifeby Scott Trench
- Rich Dad Poor Dad by Robert T. Kiyosaki
- The 4-Hour Workweek by Timothy Ferriss
- The Big Leap by PhD Hendricks Gay
Tweetable Topics:
- “You just take what you have and you leverage that.” (Tweet This!)
- “You don’t fully understand until you’re in it, until you’re doing it.” (Tweet This!)
- “You don’t have to be super studied. You just have to start doing it.” (Tweet This!)
Connect with Zeona
- Zeona’s BiggerPockets Profile
- Zeona’s Personal Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
A lot of newbies get stuck when trying to get their first few deals. After all, figuring out how to find properties, how to get the money needed to buy them, and how to not mismanage the property are all big tasks.
That’s why we’re excited to bring you this powerful interview with Meghan McCallum, a real estate investor who’s passionate about helping new investors discover their best plan for real estate success.
Today, Meghan shares her story of a terrible first deal that led to an unbelievable second deal (you won’t believe the appreciation she’s seen!) and more. Meghan also shares on the first steps newbies need to do before jumping in, as well as the power of using partnerships to gain experience and financing for your deals!
In This Episode We Cover:
- Meghan’s journey to her first deal from being a firefighter in Kuwait
- How she bought a $280k property that now is worth $875k
- Her thoughts about house hacking
- Tips on handling an inherited tenant
- How to build the systems and team you need to scale
- Why you should figure out who you are as an investor first
- Why you should seek out a partner and not a mentor
- Thoughts on “speed dating” for real estate investors
- Their next deal (the story of knee-high poop)
- What exactly an “escalation clause” is
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Events
- BiggerPockets Podcast 132: How Brie Schmidt Grew Her Real Estate Portfolio by 50 Units in 1 Year
- BiggerPockets Podcast 078: Quitting Your Job, Buy & Hold Investing, and Succeeding With High-End Rentals with Brie Schmidt
- BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray
- BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray
- Brie Schmidt’s BiggerPockets Profile
- Anson Young’s BiggerPockets Profile
Books Mentioned in this Show
- Set for Lifeby Scott Trench
- Brandon Turner’s The Book on Rental Property Investing
- Crushing It in Apartments and Commercial Real Estate by Brian Murray
- The Gifts of Imperfection by Brene Brown
Tweetable Topics:
- “We forget in real estate investing that people are people. So like in all relationships, you set ground rules.” (Tweet This!)
- “We all gravitate to what we’re great at, and what we’re great at makes us happy.” (Tweet This!)
- “You need to know who you are first as an investor before you even consider what type of investment to get into.” (Tweet This!)
- “I build my business around good people.” (Tweet This!)
Connect with Meghan
- Meghan’s BiggerPockets Profile
- Meghan’s Company Website
- Email Meghan
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Scaling: It’s a term often tossed around in business and real estate, but what does it actually look like? Today on the BiggerPockets Podcast, you’ll see firsthand how one investor went from a small handful of single family houses to purchasing over $130,000,000 worth of apartment communities in just the past few years.
Our guest, Joe Fairless, has a great story that will show you how you can get started with larger multifamily properties, including several ways to find and finance those big deals. Whether you are looking for your first deal or a 250 unit apartment community, this is one show you can’t afford to miss!
In This Episode We Cover:
- Joe’s background
- His first property in Texas
- Tips for those investing out-of-state
- The benefits and dangers of buying properties virtually
- Why he no longer does single family properties
- How to qualify a market
- Markets that Joe thinks work
- Tips on finding partners and funding deals
- What exactly a master lease is
- How to network and get people in a deal with you
- How much money he puts in each deal
- How they find their apartment deals
- What a stabilized property is
- And SO much more!
Links from the Show
- BiggerPockets Forums
- The ONE Thing Podcast
- CoStar
- JF 82: House Hacking Tips Revealed (podcast)
- Tony Robbins
- Malcolm Gladwell
- Tim Ferriss
Books Mentioned in this Show
- Set for Lifeby Scott Trench
- Real Estate Investing for Dummies by Eric Tyson and Robert S. Griswold
- Rich Dad Poor Dad by Robert T. Kiyosaki
- The Driving Force: Six Human Needs by Anthony Robbins
- Crucial Conversations by Kerry Patterson
Tweetable Topics:
- “I’ve never visited the house before I’ve bought it.” (Tweet This!)
- “The bigger dollars are in the value-add opportunities.” (Tweet This!)
- “You want to have customers before you have a product.” (Tweet This!)
Connect with Joe
- Joe’s BiggerPockets Profile
- Joe’s Personal Website
- Joe’s Company Website
- Joe’s Podcast
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What does true wealth look like? Is it simply money or something more? And how does one achieve that wealth? That’s the topic on today’s episode of The BiggerPockets Podcast, where we sit down with David Osborn, a highly successful real estate investor, agent, and New York Times Bestselling author from Austin, TX.
This show is PACKED with incredible, life-changing knowledge, advice, and wisdom from someone who truly walks his talk. David covers everything from buying your first property, the exact “pass/fail” metrics he uses to evaluate potential deals, the importance of work/life balance, and SO much more!
This is one episode you’ll want to listen to again and again!
In This Episode We Cover:
- A little about David’s background
- How being lazy can actually work
- His rental portfolio
- How he’s managed to build his portfolio easily
- His advice to those who are still starting out
- The importance of hanging out with winners
- The three main things that he focuses on his life
- How he learns best
- The story behind “wealth can’t wait”
- A conversation on the definition of wealth
- What can be improved in the current curriculum
- How to know when enough is enough
- How to gain momentum in real estate
- David’s goals for the next 20 years
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Instagram Account
- Josh’s Instagram Account
- Brandon’s Instagram Account
- Self Made Man Podcast with David as Guest
- BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
- Carleton Sheets
- BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene
- BiggerPockets Podcast 190: Building 61 Different Passive Streams of Income with Pat Hiban
- Gobundance
- Khan Academy
Books Mentioned in this Show
- Set for Lifeby Scott Trench
- Wealth Can’t Wait by David Osborn
- Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki
- Real Estate Riches by Dolf de Roos
- Secrets of Power Negotiating by Roger Dawson
- The ONE Thing by Gary Keller and Jay Papasan
- As a Man Thinketh by James Allen
Tweetable Topics:
- “It’s all about opportunity in life. So you won’t be ready for the opportunity unless you’re prepared.” (Tweet This!)
- “If you want to be a winner, you’ve got to hangout with winners.” (Tweet This!)
- “Wealth is not just really about money. It’s about an entire way of living. It’s a state of mind.” (Tweet This!)
- “The biggest risks in life is not taking risks.” (Tweet This!)
Connect with David
- David’s Personal Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
A lot of investors love to talk about the good times. But for life-long real estate investors, failure is often inevitable, especially during real estate crashes. That’s why we’re excited to bring you this discussion with Kathy Fettke today on the BiggerPockets Podcast.
Kathy started her journey toward financial independence after receiving shocking news from a doctor, but used that motivation to begin investing. Alongside her husband, Kathy built up an impressive portfolio but struggled during the latest real estate crash.
Still, she was able to emerge (and thrive) from the lessons learned. Today, Kathy shares how to avoid the mistakes that led to her difficult times! She also shares insight into buying real estate at a distance and handling the problems that can arise from long-distance landlording.
In This Episode We Cover:
- The story behind the radio show
- How Kathy landed her first deal without money down
- How she converted single family units to multifamilies
- A discussion on FHA loans and house hacking
- Key pieces of Robert Kiyosaki’s advice
- Tips on buying from a distance and using property managers
- What you should know about finding the right agents, CPAs, and property managers
- What happened when Kathy got “too confident”
- The important lessons she learned after the collapse
- What metrics to look for in a market
- What it takes to come up with $3 million in five minutes
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Hard Money Lenders
- Robert Kiyosaki
- Real Property Management
Books Mentioned in this Show
- Set for Lifeby Scott Trench
- Extreme Success by Rich Fettke
- Retire Rich with Rentals by Kathy Fettke
- The Millionaire Next Door by Thomas J. Stanley
- Priceless by William Poundstone
- The Da Vinci Code by Dan Brown
- Wealth Can’t Wait by David Osborn
- Augmented by Brett King
Tweetable Topics:
- “The hardest times in our lives tend to be the times when we have to dig deep.” (Tweet This!)
- “Any time you get in front of the path of progress, you’re going to make money.” (Tweet This!)
- “If you can’t buy this car with cash, you shouldn’t have it.” (Tweet This!)
Connect with Kathy
- Kathy’s Company
- Kathy’s Podcast
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What does it take to buy 17 deals a week? What if we told you it was the exact same process needed to buy just one deal per year?
That’s the topic on today’s show, where we sit down with Chris Clothier to talk about how his company is buying up to 17 deals a week following the same process any investor can to get their own deals. Chris also shares keen insight into building up a thriving business, hiring your first or next employee, why he decided to run a 100-mile ultra-marathon, and much more.
Whether you are looking to buy one deal a year or one deal a day, this show will have a tremendous impact on your life!
In This Episode We Cover:
- A quick recap on who Chris is
- How he started a turnkey company that now boasts 1,800 clients
- Tips for building the infrastructure of a business
- Why you should hire people
- The details on his process for offering on deals
- How Chris finds deals
- Thoughts on buying houses through social media
- A step-by-step guide on how to actually find and close a deal
- His ultra-marathon story (and how this relates to real estate)
- And SO much more!
Links from the Show
- Email SetForLife@biggerpockets.com
- BiggerPockets Forums
- Be an Author
- Ben Leybovich’s BP Profile
- Brian Burke’s BiggerPockets Profile
- Serge Shukhat’s BiggerPockets Profile
- Building a Scalable Real Estate Business and Tenant Management Tips with Chris Clothier (podcast)
- 5 Myths Holding Investors Back From Real Estate Greatness with Chris Clothier (podcast)
- Building Wealth and Passive Income with Rental Properties with Ben Leybovich, Brian Burke, and Serge Shukhat (podcast)
- Carleton Sheets
Books Mentioned in this Show
- Set for Lifeby Scott Trench (email setforlife@biggerpockets.com)
- Make It BIG! by Frank McKinney
- The 4-Hour Workweek by Tim Ferriss
- Stealing Fire by Steven Kotler
- Blue Ocean Strategy by W. Chan Kim
Tweetable Topics:
- “I’m not a businessman; I’m a business man.” (Tweet This!)
- “There’s no better advice that I can give somebody than to be honest and upfront.” (Tweet This!)
- “Personal relationships are going to help you earn in your business.” (Tweet This!)
- “Any investor should be able to find a deal that makes sense in any city during any market, up or down.” (Tweet This!)
- “A good passive investments allows you to sleep well at night.” (Tweet This!)
Connect with Chris
- Chris’ BiggerPockets Profile
- Chris’ Turnkey Company
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
A lot of people want to achieve financial freedom—but many who start the journey never arrive. So what’s the best way to truly set yourself up for success in achieving financial independence and wealth?
That’s the topic of today’s show, where we sit down with Scott Trench, author of Set for Life,to discuss some of the simple yet powerful, tactics people can use to increase their income, reduce their expenses, and lead a legendary life.
In This Episode We Cover:
- A little bit on Scott‘s background
- The path to early financial freedom
- How to house hack your way to a portfolio of properties
- Tips for using the BRRRR method
- How to invest despite what the market situation is
- An introduction to the book Set for Life
- The three stages of wealth mentioned in the book
- What you should know about the “financial runway“
- The bonuses that comes with the book
- A discussion on making more money
- The importance of finding a job you love
- How to get the set of skills you need to succeed
- Scott’s advice to those who are getting their first deal
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Podcast 099: 3 Personal Finance Bloggers & Their First Real Estate Investment with Scott, Lauren, and Philip (podcast)
- Ben Leybovich’s BP Profile
- Jered Sturm’s BP Profile
- How to “Hack” Your Housing and Get Paid to Live for Free (blog)
- BiggerPockets Podcast 217: How to Work Less and Earn More Using the 80/20 Rule with Perry Marshall (podcast)
- Your First Home Purchase Could Be a Horrendous Financial Decision. Unless… (blog)
- Investors: Don’t Shoot for 100+ Properties. Aim for Bigger & Better With THIS Strategy. (blog)
- How I Went From $0 Net Worth to Qualifying for $1M in Real Estate Financing in 2.5 Years (blog)
- Am I Missing Something, or Is Real Estate Investing Really Not That Hard? (blog)
Books Mentioned in this Show
- Set for Lifeby Scott Trench (email setforlife@biggerpockets.com)
- The Book on Rental Property Investing by Brandon Turner
- The ONE Thing by Gary Keller and Jay Papasan
- Rich Dad Poor Dad by Robert T. Kiyosaki
Tweetable Topics:
- “It’s not just about being thrifty or cheap; it’s about being smart.” (Tweet This!)
- “Because we were responsible financially, we were able to take risks.” (Tweet This!)
- “Understand that what I’m doing today is what I need to get to the next level.” (Tweet This!)
Connect with Scott
- Scott’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Success leaves clues! Rather than trying to figure it all out on your own, why not listen to someone who has been involved with nearly every aspect of real estate for decades?
On today’s episode of The BiggerPockets Podcast, we sit down with Jay Hinrichs, an investor and hard money lender from Oregon, to learn how he has navigated the real estate market for more than 40 years—and how you can grow your own business from his wisdom!
In This Episode We Cover:
- How Jay Hinrichs started when he was 18
- A discussion on whether you should get a license or not
- His first houses in the Bay area
- Why agents are not investing
- What a hard money lender is
- How to be approved by hard money lender
- How Jay became the largest hard money lender in his area
- Why you should consider the BRRRR strategy (and how he’s been doing it for years)
- How to do something nice for somebody (through BiggerPockets)
- Why you should go ask in the Forums
- Tips for finding the right partners
- How to get the “lion’s share“
- The most common question in the Forums
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets New Members Introduction
- Joel Owens’ BP Profile
- Josh’s Twitter Profile
- BiggerPockets Keyword Alerts
- BiggerPockets Hard Money Lenders (listing)
Books Mentioned in this Show
- Think and Grow Richby Napoleon Hill
- Rocket Fuel by Gino Wickman
Tweetable Topics:
- “When you’re starting out and you don’t have the money, you need to honor the money.” (Tweet This!)
- “Any investor that I bring in a deal always makes more money than I do.” (Tweet This!)
- “I will never retire. I’ll be doing this until I’m not functional. I love what I do.” (Tweet This!)
- “Every market is different. You have to play to the market.” (Tweet This!)
Connect with Jay
- Jay’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
A lot of people want to invest in rental properties, but a lot of people also fail when they jump in. Why? That’s the topic on today’s episode of the BiggerPockets Podcast, where we sit down with Tim Shiner to learn his story of going from zero to over 150 units and the lessons he picked up along the way.
You’ll hear some incredible strategies for getting unicorn deals when there are multiple offers, the #1 most important characteristic Tim looks for when buying a property, and why he focuses primarily on “higher end” rental houses. You’ll love all the humor, wisdom, and knowledge Tim brings to the show, so sit down, relax, and be prepared to learn!
In This Episode We Cover:
- How he got started buying quality real estate
- What makes his location special
- Why he doesn’t have a real estate license
- The importance of looking at the “horizon” and the end goal
- A discussion on diversification on investments
- The story of the “big white card board“
- Why you should focus on what you are better at
- Tips for finding mentors
- The details on his 140 deals
- Insight into the debate on high-end vs. low-end properties
- Why he loves appreciation
- Tips for partnering with your significant other
- A discussion on buying your kid a property
- How he finds deals
- Why you should set a goal, achieve it, and reward yourself
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- Be a Guest to the Show
- School of Life Podcast
- Control
- Uber
Books Mentioned in this Show
- Elon Musk by Ashlee Vance
- Rich Dad Poor Dadby Robert Kiyosaki
- Rich Dad’s CASHFLOW Quadrantby Robert Kiyosaki
- The 10X Rule by Grant Cardone
- 50 Things They Didn’t Teach You in School by Tim Shiner
Tweetable Topics:
- “Nobody cares as much about your investments as much as you do.” (Tweet This!)
- “The goal is to get as many checks coming in the mail as possibly as you can.” (Tweet This!)
- “If you have a strong enough ‘why’ while you invest, that will plow your way.” (Tweet This!)
- “Set a goal, achieve it, and reward yourself.” (Tweet This!)
Connect with Tim
- Tim’s BiggerPockets Profile
- Tim’s Company Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Many people buy real estate hoping to make great cash flow. But all too often that cash flow is quickly eaten away by a silent but deadly thief.
In this episode of the BiggerPockets Podcast, Josh and Brandon sit down with real estate investor Jesse Fragale to hear his story and learn more about how this silent killer can eat away your profits if you don’t analyze a deal right. You’ll also learn how Jesse found a way to invest in a crazy expensive market, as well as tips on using partners, scaling to larger properties, and the worst pickup line Jesse has ever used!
In This Episode We Cover:
- How Jason got into real estate because of a car
- Why he chose the niche of student rentals
- 4 ways to earn in real estate
- Tips for managing student rentals
- The worst day of Jason’s life (aka why CapEx is important)
- How much you should prepare for capital expenditures
- The pros and cons of student rentals
- Thoughts on jumping into multifamily
- What you should know about the 50% rule
- Tips for finding the cap rate in an area
- How to fund a deals using a partnership
- A discussion on setting expectations with property managers
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BP Podcast 182: 674 Multifamily Units in Three Years with Jake & Gino
- Wheel Barrow Profits Podcast
- BiggerPockets Analysis
Books Mentioned in this Show
- The Wealthy Renter by Alex Avery
- Landlording on Auto-Pilot by Mike Butler
- Getting to Yesby Roger Fisher
- The Book on Investing with No Money Downby Brandon Turner
Tweetable Topics:
- “The bigger the deal, the easier it is to do.” (Tweet This!)
- “If you bring people a good deal, I believe that they will take it for what it’s worth.” (Tweet This!)
- “I think there’s success in every facet of real estate.” (Tweet This!)
Connect with Jesse
- Jesse’s BiggerPockets Profile
- Jesse’s Company Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Many people invest in real estate hoping to make “passive income” but instead find they work more than they would at a day job! But not all real estate niches require a lot of time—and today’s show proves that! Today on the BiggerPockets Podcast, we sit down with Dr Kenyon Meadows, a real estate investor who chooses to invest his money using a variety of passive real estate vehicles, including funding other real estate investors, investing out of state through several turnkey companies, and investing in over 30 crowdfunding deals! If you are looking to make your real estate more passive, this is one show you can’t afford to miss!
In This Episode We Cover:
- Who Kenyon Meadows is
- What you should know about alternative assets
- How he got into real estate
- How he structures his private money lending
- Whether track records matter to him
- How to impress a private money lender
- Tips for building permanent wealth
- How he got into turnkey properties
- Advice on finding the right turnkey property provider
- A look at the numbers for a turnkey property
- How he structures his deals
- How real estate crowdfunding deals work
- Kenyon’s future plans
- What he would tell someone starting out
- A discussion on investments outside real estate
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BP Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager
- BiggerPockets Invites
- Serial Podcast
- BiggerPockets Analysis
- P2B Investor
- Funding Circle
Books Mentioned in this Show
- Essentialism by Greg McKeown
- Bridge Over Troubled Wall Street by Mr. Stephen E. Gardner
- The Alternative Answer by Bob Rice
- Alternative Financial Medicine by Kenyon Meadows
Tweetable Topics:
- “I don’t think you should invest in anything unless you really know the ins and outs of it.” (Tweet This!)
- “Loaning is great, but if you want to build permanent wealth, then you’ve got to own this stuff.” (Tweet This!)
Connect with Kenyon
- Kenyon’s Personal Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Why is it some investors buy deals every single month, when others look for years without landing a single great real estate deal? Two words: deal flow. On today’s episode of the BiggerPockets Podcast, we sit down with Erik Stark to talk about how he consistently drives leads to his real estate business using “driving for dollars,” direct mail marketing, and a fascinating “education marketing” strategy that you’ll be excited to try for yourself!
In This Episode We Cover:
- Erik’s background
- What exactly deal flow is
- The importance of focusing on the strategy
- The first step in driving for dollars
- How to identify a distressed vacant house
- How he tracks his mailers
- What systems he has in place, including outsourcing
- Tips for finding out if there’s existing mortgage on a property
- The Smart Sell Book he authored
- What R3 zoning is
- What’s changed in the past two years since he was interviewed
- His plan for the next years
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BP Podcast 093: 0 to 400 Deals (in 5 Years!) via Smart Marketing with Erik Stark
- Mike Cantu
- Brandon’s Instagram – Beardy Brandon!
Books Mentioned in this Show
- Rich Dad Poor Dadby Robert Kiyosaki
- The Peebles Path to Real Estate Wealth by R. Donahue Peebles
- The Success System That Never Fails by W. Clement Stone
- Smart Sell Book by Erik Stark (Contact Erik directly)
Tweetable Topics:
- “You need to stop chasing opportunity and start working a strategy.” (Tweet This!)
- “I don’t want to spend my life trying to tell people why I’m better than everybody else.” (Tweet This!)
- “If you are looking at properties and not writing offers, it’s like going to the gym and not working out.” (Tweet This!)
- “Cash is everywhere now. There’s no shortage of cash; there’s a shortage of real opportunity.” (Tweet This!)
Connect with Erik
- Erik’s Personal Website
- Erik’s BiggerPockets Profile
- Erik’s Facebook Profile
- Erik’s Instagram
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Every day, our lives are consumed by things that simply don’t amount to much. In fact, most of your successes will come from a very small percentage of your activities. That’s the basic concept of the 80/20 rule, and today’s guest is one of the world’s foremost experts on using the 80/20 rule in business! Today’s guest is Perry Marshall, author of 80/20 Sales and Marketing: The Definitive Guide to Working Less and Making MoreE, and on today’s fascinating show, Perry dives into how to use this principle to work less and achieve more. And don’t miss the fascinating discussion on how to make $10,000 an hour; if you’ve never heard this concept before, it’s about to blow your mind (and business) into the stratosphere!
In This Episode We Cover:
- Perry’s background and how he got into marketing
- How he stumbled upon the 80/20 principle
- Why it’s alright to let go of tenants causing you issues
- The 80/20 inside the 80/20
- How this affects investors with rental properties
- What we can learn from the “principle of the 2700 espresso machine“
- The most important thing in direct mail marketing
- The 5 qualifiers you should know when selling
- What to consider about the concept of retargeting
- How to handle a bad response rate
- A tip to help you make $10,000 an hour
- Why you should say no to a lot more things
- How to differentiate the $10 an hour job from the $10,000 an hour job
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Upwork
Books Mentioned in this Show
- 80/20 Sales and Marketing by Perry Marshall
- Ultimate Guide to Google AdWords by Perry Marshall
- Ultimate Guide to Facebook Advertising by Perry Marshall
- The 80/20 Principle by Richard Koch
- The Star Principle by Richard Koch
- The Book of Proverbs
Tweetable Topics:
- “80/20 is everywhere.” (Tweet This!)
- “We can fix so many problems by doing so little.” (Tweet This!)
- “Half of what you are doing right now you shouldn’t be doing.” (Tweet This!)
Connect with Perry
- Perry’s Personal Website
- Get his book
- 80/20 Curve
- Perry’s Twitter Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s episode of The BiggerPockets Podcast, we’re pumped to introduce you to Damion Lupo, an experienced real estate investor and hard money lender who has seen it all in real estate—both the good and bad! You’ll learn how it was Damion’s naiveté that led to his early success (and why naiveté matters), as well as the traits that helped Damion build up an incredibly successful cash-flowing business. And don’t miss Damion’s story of the murdered security guard or his golden answers to the question, “How do you get a lender to say yes?”
In This Episode We Cover:
- Damion’s first deal that he financed with his Visa card
- How you can be naive and still make it
- A discussion on whether it’s harder to find deals nowadays
- What you should know about driving for dollars
- The deals he has done so far
- The murdered guard story
- Why he wants to be the bank
- What exactly a lease option is
- How he structures his partnership
- A discussion on whether people should get an LLC or not
- Damion’s view on cash flow
- What he did to get through the downturn in 2008
- Advice for those who want to be hard money lenders
- Tips for convincing a hard money lender
- What’s next for Damion
- And SO much more!
Links from the Show
- Visit Path to Purchase on your Biggerpockets Dashboard
- BiggerPockets Events
- BiggerPockets Forums
- Pet Food
- Meetup.com
- Incorporate
- The Profit with Marcus Lemonis
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert T. Kiyosaki
- The Success Principles by Jack Canfield
- Abundance by Peter Diamandis and Steven Kotler
- Rich Dad’s Cashflow Quadrant by Robert T. Kiyosaki
- Mastery by George Leonard
Tweetable Topics:
- “With real estate, there was this unlimited potential that is really only limited by me and my thinking.” (Tweet This!)
- “You can create massive financial wealth with real estate with an 8th grade education. Really, it’s up to you.” (Tweet This!)
- “People don’t realize the laws of selling. You don’t close deals on your first time.” (Tweet This!)
- “The way you do anything is the way you do everything.” (Tweet This!)
- “The worst teacher is success.” (Tweet This!)
Connect with Damion
- Damion’s Personal Website
- Damion’s Company Website
- Damion’s Amazon Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Boston is a tough market. Prices are high, but even high rents aren’t enough to make it profitable to invest. Ricky Beliveau makes money by renting to students, converting small multifamily buildings into condos (it’s easier than you think!), and transitioning unused space into more bedrooms to add massive value.
In This Episode We Cover:
- How Ricky started by borrowing money from his mom
- Thoughts on buying an expensive property in an expensive market
- How he got 4 signers and co-signers per unit
- Tips for finding a property manager
- The upsides to having a college rental
- How he achieves next to zero vacancies
- How he tenant-proofs his rentals
- The value of his property today
- The details of his next deals
- How to find these gems of properties
- What a condo conversion is
- The average cost for condo conversion with an attorney
- How he sets the HOA up
- How to tell if a property is good for conversion
- Thoughts on keeping a day job while investing
- How to find reliable contractors
- What’s next for Ricky
- And SO much more!
Links from the Show
- BiggerPockets Marketplace
- BiggerPockets Forums
- BiggerPockets Pro
- BP Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager
- East Boston Project (Forum Post by Ricky)
- BiggerPockets Analysis
- How I Built This Podcast
- Mindy’s Twitter Account
Books Mentioned in this Show
- Flipping Confidential by Kirsten Kemp
Tweetable Topics:
- “Let the experts do what they do well, and you can do what you do well.” (Tweet This!)
- “If a property has a major foundation issue, your profits can just disappear.” (Tweet This!)
- “Don’t say ‘I can’t.’ Instead, figure out a way to do it.” (Tweet This!)
Connect with Ricky
- Ricky’s BiggerPockets Profile
- Ricky’s Website
- Ricky’s Instagram Profile
- Ricky’s Facebook Page
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Some investors buy a single house. Some buy a small multifamily. But today on The BiggerPockets Podcast, we sit down with someone who jumped into real estate in a much bigger way! Joel Sherlock is an investor from Canada who put together a $30 million dollar fund to buy real estate in America. You’ll learn why he went this route and how you can follow a similar strategy in your own business. You’ll also learn about Joel’s entrance into the world of commercial real estate, including the pros and cons of that niche.
In This Episode We Cover:
- How Joel started real estate back in college
- Why he eventually moved his investing in Canada to America
- How he was able to come up with $32 million in funds
- What a “hurdle rate” is
- Why he considers his model to be conservative
- The kind of properties he’s buying
- Why he chose Scottsdale
- Innovative strategies for finding deals
- How he “trades deals“
- How to get fixed-priced bids from contractors
- Why he’s made the move to commercial real estate
- Why people avoid commercial real estate
- How to evaluate strip malls
- Tips for analyzing commercial deals
- Future plans for his business
- And SO much more!
Links from the Show
- We are hiring!
- BiggerPockets Forums
- Bond
- BP Podcast 047: Apartment Complexes, NNN Leases, and Commercial Real Estate with Joel Owens
Books Mentioned in this Show
- The Millionaire Real Estate Agent by Gary Keller
- Shiftby Gary Keller
- Think and Grow Rich by Napoleon Hill
- The Saint, the Surfer, and the CEO by Robin Sharma
Tweetable Topics:
- “It’s exactly the same thing, there is just more zeroes.” (Tweet This!)
- “In the real estate sales world, as soon as you stop selling, you stop stop making money.” (Tweet This!)
- “Getting started is the key. You don’t have to be great to start but you have to start to be great.” (Tweet This!)
Connect with Joel
- Joel’s BiggerPockets Profile
- Joel’s Website
- Joel’s Company Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
If there is one thing you can know for sure by listening to the BiggerPockets Podcast, it’s this: There are a LOT of ways to invest in real estate! That’s why we’re excited to bring you today’s interview with Noah Kagan, who invests in a different way than most of the guests we’ve had on the show. Noah currently runs several very successful internet businesses (SumoMe and AppSumo) and knew he didn’t want to be a landlord; Noah knows his best return is made in his business. Therefore, he devised his investing strategy around NOT being the landlord. Noah is a wealth of information and one of the most motivating humans we’ve ever met. So sit back and enjoy today’s episode with Noah!
In This Episode We Cover:
- Who Noah Kagan is and how he got into real estate investing
- What keeps newbies from buying their first investment properties
- The ROI of other businesses as compared to real estate investing
- A discussion on the 1% rule
- Thoughts on whether a commercial property is a good first investment
- Why you should find experienced real estate investors in your area
- Tips for growing your capital
- How Noah finances his deals
- What you should know about asking other people for money or syndication
- Why you should stop apologizing for being successful
- How to grow your network
- When should you stop learning and start doing
- The importance of knowing where do you want to be in 5 years
- Why you should visualize the destination
- And SO much more!
Links from the Show
- BiggerPockets Forums
- SumoMe
- AppSumo
- BiggerPockets Webinar
- BiggerPockets Facebook Page
- RealtyShares
- PeerStreet
- Where’s my money? (Blog Post)
- Noah’s Spreadsheet
- BP Podcast 204: Flipping 30+ Deals by Age Twenty-Five with Chris Gill
- BiggerPockets Event Forums
- Chess
Books Mentioned in this Show
- The Book on Investing with Low or No Money Downby Brandon Turner
- The Miracle Morningby Hal Elrod
- The Obstacle Is the Way by Ryan Holiday
- The Ultimate Sales Machine by Chet Holmes
- Confessions of a Real Estate Entrepreneur by James Randel
Tweetable Topics:
- “It took me 10 years to actually be ready, not financially but mentally, to make that decision, to make that purchase.” (Tweet This!)
- “The best deals happen off-market.” (Tweet This!)
- “I think the trait of a successful person is resourcefulness.” (Tweet This!)
- “If you want to find someone else to help you, you have to help someone else.” (Tweet This!)
Connect with Noah
- Noah’s BiggerPockets Profile
- Noah’s Website
- Noah Kagan’s Present Podcast
- Noah’s Keynote Speech at Fincon 2016
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How much does it cost to buy a large apartment complex? Millions? Think again! On today’s episode of The BiggerPockets Podcast, we’re excited to welcome back Brian Murray to the show. Brian, who was last seen on episode 126, has done some pretty amazing things over the past several years — including purchasing a 115-unit property that cost him nothing out of pocket (and, in fact, he walked out of closing with a massive check!). Whether you are looking to buy one house or a 100-unit property, this podcast will inform, motivate, and inspire you to massive action.
In This Episode We Cover:
- What Brian has been doing since his last episode
- The definition of “value-add” in real estate
- Different ways to add value to a property
- The story of how he turned an old motel into studio apartments
- How Brian gets his tenants and the kinds of screening he uses
- Why he focuses on keeping rents low
- The location of these rentals
- Why you should consider the “transient work force”
- Details on how he got this deal
- A discussion on raising money and working with partners
- Tips for finding properties
- How to handle agents and brokers
- The story of the 115-unit Section 8 apartment complex
- How a HUD contract crushed him
- Whether you should consider managing a HUD property or not
- How Brian sold the property for $3.2 million
- His advice for aspiring investors
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BP Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray
- How I Bought a 115-Unit Apartment Complex with NO CASH
- Path to Purchase
- Loopnet
- Jay Hinrich’s BiggerPockets Profile
- Bill Gulley’s BiggerPockets Profile
- Pioneer Woman Cookbook
Books Mentioned in this Show
- Crushing It in Apartments and Commercial Real Estate by Brian H Murray
- The Book on Rental Property Investing by Brandon Turner
- The Obstacle Is the Way by Ryan Holiday
Tweetable Topics:
- “It’s about the journey and I definitely don’t want to feel that I’m lock into something, like some arbitrary number.” (Tweet This!)
- “You don’t want to take on more debt than you can handle.” (Tweet This!)
- “If somebody says no, don’t give up. Try somebody else. Keep trying.” (Tweet This!)
Connect with Brian
- Brian’s BiggerPockets Profile
- Brian’s LinkedIn Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What’s the best way to invest in real estate when the numbers don’t make sense in your backyard? Today on the BiggerPockets Podcast, we sit down with Bob Malecki, a real estate investor who started by purchasing local rental properties but quickly shifted gears into two other niches: out of state rentals and mortgage notes. In this episode, Bob explains why he chose to make the switch and walks listeners through the step-by-step process for getting started investing outside your backyard!
In This Episode We Cover:
- How Bob got started in real estate
- What a ROTH IRA is
- What to do when you’ve got a chunk of money to invest
- How to choose the right turnkey company
- Thoughts on using leverage to acquire properties
- Why he decided to transition to notes
- What exactly non-performing notes are
- A discussion on notes vs. rentals
- The risks of investing in notes
- What you should know about due diligence
- Where to find notes to invest in
- The value of building relationships
- What the future looks like for Bob
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Sunwest Trust Inc.
- Notes funds for individual investors. What are the best players? (Forum Post)
- Tax, Legal Issues, Contracts, Self-Directed IRA (Forum Category)
- MemphiesInvest
- RealtyTrac
- WeGoLook
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert T. Kiyosaki
- Equity Happens by by Robert Helms & Russell Gray
- The Magic of Thinking Big by David J. Schwartz
- Secrets of the Millionaire Mind by T. Harv Eker
Tweetable Topics:
- “Nothing in the world is guaranteed.” (Tweet This!)
- “Assume nothing and document everything.” (Tweet This!)
- “If you don’t take actions, you can’t take a risk and you won’t make mistakes. Mistakes are necessary.” (Tweet This!)
Connect with Bob
- Bob’s BiggerPockets Profile
- Bob’s Website
- Email Bob
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Can a single real estate deal change your life? Definitely! That’s the topic on today’s “newbie episode” of the BiggerPockets Podcast, where we sit down for several interviews with real estate investors who have just purchased their first deal. In the first interview, you’ll hear how Sunny and SunMarie Burnsused a fantastic “house hack” to invest in an extremely high-priced area. In the second interview, you’ll hear how Sam Valme was able to house-hack his home into a vacation rental that throws off massive cash flow each month. These stories are incredibly inspiring and full of tips that can help new AND experienced investors achieve more in their business!
In This Episode We Cover:
Sunny and SunMarie’s Segment:
- How Sunny got hooked to the podcast
- Why you should consider buying a fourplex as a first property
- How to find these deals
- Thoughts on the competitiveness of the real estate market
- How to use house hacking to earn extra cash
- Why you should always look out for holding costs
- How real estate helped Sunny and his family
Sam’s Segment:
- How his mom unknowingly gave him a ticket to real estate investing
- How he turned the basement into a rental unit
- Tips for making the financing work on a deal like this
- Why he used an FHA 203K for financing
- The benefits of using Airbnb to rent your property
- How to price Airbnb rentals the right way
- How to use electronic locks and automate the process
- His worst tenant experience ever
- And SO much more!
Links from the Show
- BiggerPockets Member’s Blogs
- WellsFargo
- BiggerPockets Forums
- Schlage Door Locks
- BiggerPockets Webinar
- BiggerPockets Analysis
- Ultimate Beginner’s Guide to Real Estate Investing
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert T. Kiyosaki
- The ABCs of Real Estate Investing by Ken McElroy
- The Millionaire Real Estate Investor by Gary Keller
- The E-Myth Revisited by Michael E. Gerber
- Outwitting the Devil by Napoleon Hill
- The ONE Thing by Gary Keller and Jay Papasan
- The Book on Managing Rental Properties by Brandon and Heather Turner
Tweetable Topics:
- “House hack and get your tenants to pay your rent, mortgage, and taxes.” (Tweet This!)
- “Hard work just isn’t enough. You need to figure out the why.” (Tweet This!)
- “Imagine your perfect day and then, work backwards from there.” (Tweet This!)
- “It’s better to fail 50 times trying to figure out what you want to do than to sit back for an entire year thinking about it.” (Tweet This!)
Connect with Sunny
- Sunny’s BiggerPockets Profile
- Sunny’s Website
Connect with Sam
- Sam’s BiggerPockets Profile
- Sam’s Website
- Facebook Profile
- Twitter Profile
- Customer Results Property Management
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Is small thinking holding you back? Not after this episode! Today on the BiggerPockets Podcast, Josh and Brandon talk with Kevin Carroll, a real estate investor who decided 18 months ago that he wanted to start flipping houses… and has done 83 flips in the past year and a half! Perhaps most impressively, Kevin did most of these flips out of state utilizing strategic partnerships — a strategy that just might change the way you think about real estate forever. Sit back and prepare to have your mindset expanded and let “big thinking” take over.
In This Episode We Cover:
- How Kevin went from a straw-built house to flipping 1,000 houses
- What a bank-owned product is
- How he built a system that works
- What you should know about probates
- How to think like an investor instead of an agent
- Things that could screw up a deal
- The two components that make a deal successful
- Why you should consider holding costs
- Buying properties offsite
- Insight on quality control and scaling the business
- How to stay ahead of the flip
- Why he partners with real estate agents
- Why his partners need him
- His favorite deals and why
- The bad deals he’s encountered
- Thinking big when it comes to setting targets
- Who your friends are so important
- And SO much more!
Links from the Show
- Path to Purchase (visit your dashboard)
- BiggerPockets Forums
- Gobundance
Books Mentioned in this Show
- The Real Book of Real Estate by Robert Kiyosaki
- The Millionaire Real Estate Agent by Gary Keller
- The Millionaire Real Estate Investor by Gary Keller
- The E-Myth Revisited by Michael E. Gerber
- MONEY Master the Game by Tony Robbins
- A Journey to Financial Independence by Kevin Carroll
Tweetable Topics:
- “Everything is based on relationships.” (Tweet This!)
- “I’d rather spend $2,000 more and get the flip done a week sooner.” (Tweet This!)
- “One of the important things you can do for a contractor is to pay them immediately.” (Tweet This!)
- “Who you hang out with will dictate your level of income, your level of success.” (Tweet This!)
Connect with Kevin
- Kevin’s BiggerPockets Profile
- Kevin’s Website (with his spreadsheet)
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Most people begin their real estate investing with a small single family purchase. Some even start with a duplex or triplex. But today’s guest on the BiggerPockets Podcast skipped the intro phase and jumped right into a 41-unit property early in his 20s! Today, you’ll learn how Jack Baczek used a strategy not before mentioned on the podcast to invest in 41 units, as well as his transition to mobile home park investing (and why that niche ROCKS). Jack’s story is truly inspirational, and you’ll walk away from this interview inspired, entertained, and pumped up to take massive action on your own business!
In This Episode We Cover:
- How Jack got started with real estate
- How he stumbled upon what ended up his first deal at age 21
- What exactly a fractured condo is
- How he found his first deal of 21 units
- How he financed this huge deal
- A warning against hiring the wrong property manager
- How having parents who invest in real estate affected him
- Why he sold the 41-unit property
- Why he made the shift to mobile home parks
- What a mobile home park deal looks like
- Reasons to invest in mobile home parks
- The changes he made to the park to make it rent-ready
- Why there’s a bad stigma on mobile parks
- Why Jack fell in love with direct mail marketing
- The downsides of owning a mobile home park
- Where is he now in terms of scaling his business
- What an assignment fee is
- Tips for trying to read the market
- What the next five years look like for Jack
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Podcast
- BiggerPockets Keyword Alerts
- BP Podcast 111: A Unique (and Profitable) Real Estate Niche You’ve Probably Never Considered with Jefferson Lilly
- BP Podcast 195: Partners, College Town Rentals, & Mobile Home Parks with Rudy Curtler
- BP Podcast 075: Mobile Home Investing and Getting Started With John Fedro 9
- Loopnet
- CraigsList
- Dreamwork Trolls: Sing With Us
Books Mentioned in this Show
- Emerging Real Estate Markets by David Lindahl
- 30 Days of Successful Due Diligence on Mobile Home Parks by Frank Rolfe & Dave Reynolds
- The Intelligent Investor by Benjamin Graham
Tweetable Topics:
- “I think having a good market is really important.” (Tweet This!)
- “I think it’s important to really focus on good deals with value add and upside.” (Tweet This!)
- “If you get a mediocre deal, chances are it could go sour. I’d rather try and find something that looks really promising.” (Tweet This!)
Connect with Jack
- Jack’s BiggerPockets Profile
- Jack’s Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Real estate investors wear a lot of hats, especially in the beginning: contractor, bookkeeper, receptionist, and more. But if you truly want to grow your business, you must do LESS. At least, that’s the message you’ll hear today on The BiggerPockets Podcast, where Josh and Brandon sit down with real estate investor Devin Elder about how he’s been able to scale his business by doing fewer and fewer tasks. You’ll learn how he went from a single family rental in 2012 to buying multiple properties each month. We cover the topic of BRRRR investing, fix and flipping, using private lenders, getting started with no money, and lots more. Stay tuned for this powerful episode!
In This Episode We Cover:
- How Devin got started into real estate
- How he got a mentor to help him get his first deal
- What exactly equity capture is
- Why the BRRRR strategy is so nice
- Thoughts on his market, San Antonio
- Devin’s main focus as a real estate investor
- How his business works
- The importance of creating systems and not doing things you don’t enjoy
- Why you shouldn’t reinvent the wheel
- How he decides if he flips, holds, or wholesales a property
- How he finds his deals
- How to figure out if someone is fudging the numbers
- The mechanics of his marketing
- The story of a deal that went wrong
- What makes him proud about how he does business
- The name that comes to mind if he heard the word “inspiration“
- What the future looks like for Devin
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Podcast
- Buildium
- Investor Carrot
- Tim Ferriss’ Podcast
Books Mentioned in this Show
- The Book on Rental Property Investing by Brandon Turner
- The Book on Flipping Housesby J. Scott
- Investing with No or Low Money Down by Brandon Turner
- The Book on Tax Strategies by Amanda Han
- 80/20 Sales and Marketing by Perry Marshall
- Rich Dad Poor Dad by Robert Kiyosaki
- The Millionaire Real Estate Investor by Gary Keller
- Elon Musk by Ashlee Vance
Tweetable Topics:
- “Rental income wasn’t making me wealthy, but it was paying my bills.” (Tweet This!)
- “It’s about creating systems, getting software, and not spending time on activities that you don’t enjoy.” (Tweet This!)
- “Nothing happens without some revenue.” (Tweet This!)
- “Use your hustle to create some kind of value and then from there take the next best step.” (Tweet This!)
Connect with Devin
- Devin’s BiggerPockets Profile
- Devin’s Website
- Devin’s Company Website – We buy houses San Antonio
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Two years ago, Joe England was just a full-time military guy, dreaming about financial freedom. Now, he’s done over 20 deals and is taking massive action to create an incredible future for himself. On this episode of the BiggerPockets Podcast, we dive deep into Joe’s story and learn how taking massive action has helped him build his portfolio — despite being deployed overseas the majority of the time.
In This Episode We Cover:
- How Joe learned about real estate from infomercials and BiggerPockets
- Why he needs power of attorney
- Important books he’s read
- How he started investing while still deployed in Iraq
- How he landed 22 properties in just 10 months
- What exactly a rent-ready property is
- What kind of properties he invests in
- How he finances these deals
- Joe’s end goal and his “why”
- The state of the real estate market in Baltimore
- How to NOT be a slumlord
- How he manages his properties
- His experiences with bad property managers
- How to find properties on the MLS and Zillow
- The strategy of putting an offer on everything he sees
- His advice for the military
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Podcast
- BP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
- BP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat
- BiggerPockets Bookstore
- Zillow
- Landlords: 8 Tips for Hiring the Best Property Manager (blog)
- Investing in American Real Estate While Serving in the US Military (blog)
- BiggerPockets Analysis
- Advertise with BiggerPockets
- BP Podcast 014 : Cash Flow, Creative Finance, and Life with Ben Leybovich
Books Mentioned in this Show
- BiggerPockets Ultimate Beginner’s Guide to Real Estate Investing
- The Book on Rental Property Investing by Brandon Turner
- The Book on Flipping Housesby J. Scott
- Investing with No or Low Money Down by Brandon Turner
- The 10X Rule by Grant Cardone
- Ego Is the Enemy by Ryan Holiday
- The One Thing by Gary Keller
Tweetable Topics:
- “When doing an offer, if you are not embarrassed by your offer, it’s too high.” (Tweet This!)
- “Real estate is kinda like an accidental pregnancy. At the end of the day, you’ll figure it out.” (Tweet This!)
- “You can measure success by creating new problems.” (Tweet This!)
Connect with Joseph
- Joseph’s BiggerPockets Profile
- Email Joseph
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How does one transition from doing simple houses to more complex deals? That’s the topic on today’s episode of the BiggerPockets Podcast, where we sit down once again with Jered Sturm, a real estate investor from the Midwest who’s made the transition from doing all his own work on single family houses to purchasing larger properties. In this episode, we dig in deep on the purchase of his newest 42-unit apartment complex and the unique “value-add” ideas he discovered that made this property a home run!
In This Episode We Cover:
- A quick recap on how Jered got started in this game
- What market is he in and how it changed over the last couple of years
- Why he moved his investing from Cincinnati to Atlanta
- How he uses partnerships to manage different markets
- Tips for funding using other people’s money
- The goal that led to using syndication
- Self-fulfillment rather than just buying more
- The importance of figuring out your “why“
- How he has the discipline to not spend their quadrupled income
- Why you should separate out the “business income”
- How he found his 42-unit apartment complex
- Tips on managing cold calling
- What criteria was he looking for
- The advantages of having dedicated water lines for the units
- The beauty of adding value to properties
- What exactly a resident manager is
- Why building structures made the difference in their business
- How he financed this multifamily deal
- Using the BRRRR strategy on large multifamily
- And SO much more!
Links from the Show
- BP Podcast 124: Building a Real Estate Empire At a Young Age with Jered Sturm
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Podcast
- What Sets Apart Successful Real Estate Investors From Those Who Fail, Quit, or Never Get Started? (blog)
- BP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
- BP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat
- Buildium
- BiggerPockets Bookstore
Books Mentioned in this Show
- The Book on Rental Property Investing by Brandon Turner
- The Book on Managing Rental Propertiesby Brandon Turner and Heather Turner
- Traction by Gino Wickman
- E-Myth Revisited by Michael E. Gerber
Tweetable Topics:
- “Self fulfillment is how can you be the best you can be while also helping others be the best they can be.” (Tweet This!)
- “We’ve over prepared for the future, and even though we’re still pretty small, we’re running like a large company.” (Tweet This!)
- “Management makes or break the investment.” (Tweet This!)
Connect with Jered
- Jered’s BiggerPockets Profile
- Jered’s BiggerPockets Author Profile
- Jered’s Company Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today on the BiggerPockets Podcast, you’ll hear from Chris Gill, a real estate investor in the San Antonio market who has only been investing for three years but has already done over 30 deals — mostly fix and flips. On this episode, we walk through Chris’s unique journey, including his initial four-plex rental property and his path toward flipping “the worst houses in the area.” And don’t miss Chris’s fantastic tip for finding deals that no one on the BiggerPockets Podcast has mentioned yet!
In This Episode We Cover:
- How he transitioned from film to real estate
- Whether or not you should get your real estate license
- What Chris’s first deal looked like
- The things he wished he knew before he started investing
- Why properly screening tenants is vital
- Tips for creating a great team
- How he manages his properties
- How he does his bookkeeping
- Tips for transitioning to house flipping
- His criteria for finding deals
- How he estimates his rehabs
- Tips for evaluating a house to rehab
- How he funds his deals
- What he’s doing on the development side of real estate
- What’s unique about the San Antonio market
- How to find the sweet spot between too much and too little improvement
- What his end game looks like
- And SO much more!
Links from the Show
- Trello
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Podcast
Books Mentioned in this Show
- Rich Dad’s Advisors: The Advanced Guide to Real Estate Investing by Ken McElroy
- Rich Dad Poor Dadby Robert Kiyosaki
- The Book on Flipping Houses by J. Scott
- The Everything Store: Jeff Bezos and the Age of Amazon By Brad Stone
- The Snowball: Warren Buffett and the Business of Life by Alice Schroeder
Tweetable Topics:
- “If you want scalability, if you want to go anywhere else, you have to find something that allows you that.” (Tweet This!)
- “Just because you’re not good at something does not mean it’s not important.” (Tweet This!)
- “Be aware of overanalyzing stuff because that will happen forever if you allow it.” (Tweet This!)
- “Becoming comfortable with the unknown is huge, and I think in real estate that’s absolutely the case.” (Tweet This!)
Connect with Chris
- Chris’s BiggerPockets Profile
- Chris’s Facebook Page
- Chris’s Instagram Profile
- Chris’s Twitter Profile
- Chris’s Youtube Channel
- Snapchat: ChrisFGill
- Chris’s message to BP community
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
When learning how to invest in real estate successfully, most people struggle finding four things: mentors, contractors, deals, and funding. That’s why today we’re excited to bring back Matt and Liz Faircloth onto The BiggerPockets Podcast to talk about how they find each of these! Matt and Liz (who were on episode 88) join us today as we dive deep into solving many of the problems that new investors struggle with. They also share the difficult story of how they recently shut down a major arm of their business and why it was the best move for them. Finally, Matt and Liz delve into the recent purchase of their 49-unit apartment building, offering some unique tips that will help you find and fund your next big deal!
In This Episode We Cover:
- A recap of who Matt and Liz are
- Why they purchase a combination of flips and rentals
- What their “why” for investing in real estate is
- How many deals they look at
- A discussion on paying someone by the hour vs. by the job
- The do’s and don’ts of finding partners through BP
- How to “scale back“
- How to find good, quality contractors
- Tips for dealing with bad contractors
- How they got into rental units
- The details of their 49-unit apartment complex
- How they were able to finance a $3.4 million deal
- A tip for finding property managers
- Why they give away flat screen TVs each year to their tenants
- And SO much more!
Links from the Show
- BP Podcast 129: Live-in Flips, Frugality, and Finance with Mindy Jensen
- BP Podcast 088: Investing with Your Spouse, Managing Financials, and Growing Your Team with Matt and Liz Faircloth
- Cashflow Board Game
- BiggerPockets Forums
- Brandon’s Contractor Bid Form (file)
- BiggerPockets Webinar
- BP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
- 3 Lessons I Learned by Closing on a 49-Unit Apartment Building (article)
- Property Manager Checklist: 7 Vital Tasks to Keep Tenants Happy & Paying (article)
- AppFolio
- RentManager
- My First Flip & Fix: Termites, Hauntings & A Foundation of Dirt (article)
Books Mentioned in this Show
- The 4-Hour Workweekby Timothy Ferriss
- Rich Dad Poor Dadby Robert Kiyosaki
- The Book on Flipping Houses by J. Scott
- The 10x Rule by Grant Cardone
- Rich Dad’s Advisors: OPM by Michael A. Lechter & Robert Kiyosaki
- Down To Earth Landlording by Donald Beck
- Scaling Up by Verne Harnish
- As a Man Thinketh by James Allen
Tweetable Topics:
- “You’ve got to have a really solid ‘why.’” (Tweet This!)
- “Sometimes you need to step back and ask yourself, ‘What am I really good at?'” (Tweet This!)
- “If you got a good horse, keep running with it.” (Tweet This!)
- “What you think is who you are.” (Tweet This!)
Connect with Matt & Liz
- Matt’s BiggerPockets Profile
- Liz’ BiggerPockets Profile
- Matt & Liz’ Company Website
- Landlord Chronicles Youtube Channel
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Most people dream of getting out of the “rat race,” quitting their day job, and living on passive income sources. However, usually that’s just wishful thinking. But today, we’re excited to introduce you to a real estate investor who did just that using rental properties, and he explains just how he did it. You’ll learn how our guest, Mark Walker, used single family houses at first to begin building his portfolio, and how his passive income really took off when he switched to multifamily. And you’ll love the in-depth discussion on exactly how he acquired his 64-unit apartment building!
In This Episode We Cover:
- How Mark got started with a duplex that yielded a 36.5% cash on cash return
- Tips for shifting from developments to rentals
- Why he doesn’t want anything to do with property management
- Why it’s a matter of finding the right financing
- The basics to know about amortization and cash and cash return
- How to partner with the right people along the way
- How he finances his deals
- How he structures his partnerships
- The difference between conventional and commercial loans
- How he ended up partnering on a deal with a property manager
- How he knew that it was the right time to quit his job
- Tips on job shadowing someone with great experience
- Details on his 64-unit deal
- What you should know about syndication
- How much time he is spending on his business
- And SO much more!
Links from the Show
- BiggerPockets Bookstore (Black Friday Sale!)
- Mindy Jensen’s BP Profile
- Mr Money Moustache
- BP Podcast 201: Flipping 100+ “Zombie” Houses with Justin Stamper
- BiggerPockets Webinar
- Quickbooks
- Dancing with the Stars
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- Best Real Estate Investing Advice Ever by Joe Fairless
Tweetable Topics:
- “I’m the guy who likes to say yes. I don’t like saying no. I let somebody else do that for me.” (Tweet This!)
- “It’s been a pleasant surprise for a multifamily owner. Once you get that property stabilized, it can go to autopilot.” (Tweet This!)
- “Never stop learning. Learning leads to action, and action leads to success.” (Tweet This!)
- “Do your first deal and learn from it. Ask yourself what’s working, what’s not working, and what can improve.” (Tweet This!)
Connect with Mark
- Mark’s BiggerPockets Profile
- Mark’s Company Website
- Free gift for BiggerPockets’ listeners
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Dead “zombie” houses are everywhere — just waiting for you to bring them back to life if you are willing to take the risk! That’s the story we dive deep into today on the BiggerPockets Podcast when we sit down with reality TV star Justin Stamper, a real estate investor from the Orlando, FL market who has a fascinating and inspiring story of rising up from near financial ruin to become one of the most prolific investors in his market. You’ll learn how his “punk rock” attitude has given him a unique perspective on his investing and how he has been able to flip over 100 “zombie” homes (and wholesale over 200 other deals!) in the past several years. After listening to this show, you’ll be inspired, motivated, and educated enough to tackle your next zombie house!
In This Episode We Cover:
- What is “zombie” house flipping and how does Justin do it?
- The merits of buying really gross dilapidated properties
- How Justin got into real estate
- Why he starting by buying at auction
- What motivated him to start in real estate despite having lost a house
- How the recession affected families, especially in Orlando
- How Justin renovates one to two houses a week via the courthouse
- How to use a hedge fund to get a line of credit
- A unique strategy to help people regain their houses
- How to grow by helping people
- Details on buying via auctions
- Things to take note of before buying an auctioned property
- How many renovations has he done
- What it is like buying a “suicide house“
- The properties that he doesn’t renovate
- How he’s finding deals in his market
- And SO much more!
Links from the Show
- BiggerPockets’ Youtube Channel (don”t forget to subscribe!)
- BiggerPockets Videos
- Ken Corsini’s Show ‘Flipping the South’
- Ken Corsini’s BP Profile
- BP Podcast 089: From High School Dropout to 300+ Real Estate Deals with Engelo Rumora
Books Mentioned in this Show
- The Book on Flipping Houses by J. Scott
- The Book on Investing with Low or No Money Downby Brandon Turner
Tweetable Topics:
- “Now it’s time to fight the good fight.” (Tweet This!)
- “If you want the deals, you got to hustle.” (Tweet This!)
- “America rewards the persistent.” (Tweet This!)
Connect with Justin
- Justin’s BiggerPockets Profile
- Zombie House Flipping
- Highest and Best Clothing
- Justin’s Company Profile
- Justin’s Personal Website
- Justin’s Twitter Handle
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Welcome to the BiggerPockets Podcast show 200! We wanted to create a show that we could point people to in the future as an ultimate resource for building their real estate investment business. If you are new, this will give you a step-by-step plan. If you are experienced, it will help you systematize your business better and pick up new ideas to streamline how you buy properties. These tips were obtained from the community in a recent Forum thread Josh started.
In This Episode We Cover:
- Commit
- Gain Knowledge
- Get Your Life in Order
- Decide on What You Want With Your life
- Decide What Niche/Strategy is Going to Get You There
- Set Your Goal(s)
- Choose Your Farm Location
- Figure Out Your Financing
- Get Your Core Team Together
- Start Looking for Deals
- Estimate Rehab Budget
- Run the Numbers
- Review Your Numbers With Someone
- Make the Offer
- Negotiate and Get It Under Contract
- Manage the Due Diligence Process
- Keep Yourself Organized
- Buy the Property
- Manage the Property or Rehab
- Stick Close to BiggerPockets for Every Step of This process
Connect with Brandon and Josh
- Josh’s BiggerPockets Profile
- Brandon’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Real estate investing is no longer just for older generations! Today on the BiggerPockets Podcast, we sit down with Houssein Al-Eidan, an accountant from the St Louis area who has purchased 25 rental units — and he’s just turning 25 years old this month! You’ll hear Houssein’s unique strategy of buying lower-price properties (many from auctions) and using a variety of strategies to increase his returns (including AirBnB and even leaving some properties vacant!). This show is bound to leave you inspired to expand your own real estate portfolio — no matter what age you are.
In This Episode We Cover:
- How Houssein found BiggerPockets
- How he relocated from Kuwait to St. Louis (and why)
- How he discovered real estate through TV shows
- What his first deal was like
- How he dealt with a complicated foreclosed property with an existing tenant
- The total number of deals he’ve done so far in the past year
- How his numbers look for his condo units
- What his game plan is after buying so much property
- How he funds these properties through seller financing
- The importance of understanding the seller’s motivation
- Tips on Airbnb properties
- How be built a team for delegation
- A word of caution in this type of investing
- And SO much more!
Links from the Show
- Scott’s Twitter Account
- BiggerPockets Jobs
- Flip or Flop
- BiggerPockets Podcast on Youtube
- Auction.com
- Zillow
Books Mentioned in this Show
- The Book on Investing with Low or No Money Downby Brandon Turner
- The Effortless Empire by Chris Gray
- How to Win Friends & Influence People by Dale Carnegie
Tweetable Topics:
- “The first purchase may not be always be the best.” (Tweet This!)
- “Once you understand the seller’s motivation, from there you can customize a plan.” (Tweet This!)
Connect with Houssein
- Houssein’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How many rental units does it take to achieve “financial freedom?” Maybe not as many as you think! That’s the topic on today’s episode, where Josh and Brandon sit down to talk with Eric Bowlin, a real estate investor who achieved financial freedom at the age of 30, largely using the “BRRRR” strategy to finance his deals. Eric owns fewer than 30 units but was able to “retire” off the cash flow — and today, you’ll learn just how he did it (and how you can do the same). You’ll also love his tips on how to find great deals on the MLS and how to manage your properties — even if you don’t live close by. Be sure to take some notes on this one — you are going to need them!
In This Episode We Cover:
- How Eric started accidentally in real estate
- His epiphany moment!
- What it’s like earning overseas
- Things that cost him money on his early flips
- A note on dealing with contractors
- Why every market is unique
- How he put together his team
- Tips for finding contractors
- How many units he has now
- How to systematize your business
- Using the BRRRR strategy
- How he finds his deals
- How to tell if a property has tenant problems
- His best deal ever
- His most recent multifamily property
- And SO much more!
Links from the Show
- BRRRR Strategy
- BiggerPockets Webinar
- BiggerPockets Blogs
- 4 Reasons You’ll Never Find a Good Contractor (Insight From an Investor/Contractor) (blog)
- BiggerPockets Pro Replay
- BiggerPockets Pro
- BiggerPockets Forums
- Ultimate Beginner’s Guide to Real Estate Investing
- Josh’s Twitter Account
- Brandon’s Twitter Account
- BP Podcast 007: Making Appraisals Work For You with Ryan Lundquist
Books Mentioned in this Show
- Rich Dad, Poor Dad by Robert Kiyosaki
- The Successful Landlord by Maribeth Perry
- The Psychology of Selling by Brian Tracy
Tweetable Topics:
- “I just realized, I wanted people coming to me to pay me versus me trying to get money for somebody else.” (Tweet This!)
- “I didn’t know about financial independence when I first got started.” (Tweet This!)
- “A person only earns plus or minus 10% of what they think they’re worth.” (Tweet This!)
Connect with Eric
- Eric’s BiggerPockets Profile
- Eric’s Twitter Profile
- Eric’s Website
- Eric’s BiggerPockets Author Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Get ready to be inspired, amazed, and blown away with today’s BiggerPockets episode! Today on the show we’re sitting down with Chris Heeren, a real estate investor from Wisconsin who’s absolutely crushing it with his rental property investing. In just the past three years, Chris has built a massive portfolio of houses and small multifamily properties — and he did it with just over $10,000 to start AND while working full-time. Packed with tips, stories, and incredible advice, this show will completely revolutionize the way you run your real estate business forever and prove — once and for all — that anyone can succeed no matter their situation. Listen up!
In This Episode We Cover:
- Who exactly Chris is
- How be obtained 52 units in 3 years
- The story behind his first duplex
- Tips for using the BRRRR strategy
- How he found ways to fund his deals
- The process he used to create teams to help his investing
- Quick tips for being persistent
- How to counter-offer
- How he finds and offers on deals via the MLS
- Advice for buying properties while working a full-time job
- His average purchase price
- How he uses direct mail marketing
- How to find great property managers
- Chris’s $8,000 mistake
- What the next 6 months look like for him
- And SO much more!
Links from the Show
- Want to be a Podcast guest?
- BRRRR Strategy
- BiggerPockets Webinar
- BiggerPockets Blogs
- How to Create Your Own Handwritten Font For Free (For Direct Mail Marketing) (blog)
- BiggerPockets Portfolio
- BP Podcast 117: Maximizing Productivity to Get Things Done with David Allen
- BP Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber
- BiggerPockets Analysis Tools
Books Mentioned in this Show
- Rich Dad, Poor Dad by Robert Kiyosaki
- Landlording on Auto-Pilot by Mike Butler
- The E-Myth Revisited by Michael E. Gerber
- Getting Things Done by David Allen
Tweetable Topics:
- “There’s always a way. You just have to be determined, be motivated, and not give up.” (Tweet This!)
- “I’d rather have half of the deals out there than none of the deals because I didn’t start.” (Tweet This!)
- “If you don’t learn from your mistakes, you’ll never grow in the future.” (Tweet This!)
Connect with Chris
- Chris’ BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What has five letters but causes so much fear that millions of wannabe investors never get started? That’s right: TAXES. But taxes don’t need to be scary — and understanding and utilizing the tax system can actually help grow your business and help you build incredible wealth. That’s why we’re excited today to sit down with Brandon Hall, a CPA and real estate investor who works exclusively with real estate investors to help them strategize and organize their business in the most cost-saving way possible. We cover Brandon’s real estate journey, including house hacking, LLCs, S-Corps, bookkeeping, and so much more. You’ll love Brandon’s engaging and entertaining personality, and for once in your life, you might even enjoy learning about taxes!
In This Episode We Cover:
- How Brandon realized the need for a CPA through the BP community
- How he grew his firm through the BiggerPockets Forums
- The importance of giving value to others
- The details on his three-unit property
- Tips for hiring a “leverage property manager”
- How to find investors in your community
- The details on his second triplex
- Why he focuses on multifamily
- How he funds his deals through FHA loans
- The way he looks at PMI
- A mistake he is guilty of when it comes to inherited tenants
- Training your tenants and other management hacks
- The tax benefits of house hacking
- Mistakes he’s made in his real estate investing
- Tips for finding a good CPA
- Advice for those deciding whether to use an LLC or not
- What you should know about LLCs
- Things to know about the “real estate professional” tax designation
- When to hire a bookkeeper
- Common mistakes investors make with taxes
- And SO much more!
Links from the Show
- BiggerPockets Meet
- BiggerPockets Webinar
- BiggerPockets Forums (with new leader feature)
- BiggerPockets Bookstore
- BP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat
- Xero
- Quickbooks
- The Tax Implications You MUST Understand Before House Hacking (blog)
- Looking to Invest Out-of-State? Here’s How to Pick and Analyze a City (blog)
- The Importance of Reserve Accounts (Or What a Surprise Roof Replacement Taught Me) (blog)
- BP Podcast 004: Commercial Real Estate Investing With Frank Gallinelli
- BP Podcast 162: How to Pay Less to the IRS with Amanda Han, CPA
- BP Podcast 005: Dealing with Death – A Financial Discussion with CFP Neal Frankle
Books Mentioned in this Show
- The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland
- The Book on Managing Rental Propertiesby Brandon and Heather Turner
- What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli
- It’s Not Rocket Science by Dave Anderson
Tweetable Topics:
- “Don’t try to sell yourself. Let your content sell yourself.” (Tweet This!)
- “You as the business owner should not be in the bookkeeping.” (Tweet This!)
- “The ongoing tax strategy throughout the year, that’s the time to save money.” (Tweet This!)
Connect with Brandon
- Brandon’s BiggerPockets Profile
- Brandon’s Company Website
- Brandon’s LinkedIn
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Trying to build a real estate empire while working a full-time job can be tough, which is why many people decide to use a partner to maximize their results. That’s the story on today’s episode of the BiggerPockets Podcast, where we sit down with Rudy Curtler to talk about how he is building a portfolio of college rentals and mobile home parks utilizing a partner. You’ll learn how (and why) Rudy is building his portfolio hundreds of miles from his home, the incredible benefits of investing in mobile home parks (“6x better than houses” according to Rudy), and how he’s able to put together the financing on deals using remarkable creativity!
In This Episode We Cover:
- How Rudy got started with real estate investing
- How he transitioned from “interested” to “committed“
- His first investment
- What makes a college rental different?
- How many single family homes he has
- What a suite equity partner is
- Tips for those who wanted to start in the college rental niche
- His view on working with family
- The difference between investing in mobile home parks and mobile homes
- The details on his mobile home park
- How much he rents his mobile homes for
- Tips on renting out RV pads
- Why you may want to consider investing in mobile home parks
- How he manages his properties
- Thoughts on getting a mobile home dealer license
- How to get a mind for creative finance
- And SO much more!
Links from the Show
- BP Podcast 140: The Riches Are in the Niches (Like Student Housing) with Bill Syrios
- CraigsList
- BP Podcast 111: A Unique (and Profitable) Real Estate Niche You’ve Probably Never Considered with Jefferson Lilly
- 21stMortgage
- ClaytonHomes
- Berkshire Hathaway
- LoopNet
- BP Podcast 194: Achieving Impressive Spreads Through High-End Flips with Justin Silverio
- BP Podcast 179: Doing the “Impossible” by Buying 100+ Units in His First Two Years with Dale Hensel
- Angela Duckworth – Grit (video)
Books Mentioned in this Show
- The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland
- Rich Dad Poor Dad by Robert Kiyosaki
- Think and Grow Rich by Napoleon Hill
- The Millionaire Fastlane by MJ DeMarco
Tweetable Topics:
- “I think there is a big difference between somebody who’s just interested versus someone who’s committed.” (Tweet This!)
- “Mobile home parks are another way for us to grow and find the exponential growth potential that’s there.” (Tweet This!)
- “I didn’t want to stop. We want to keep growing, so we found a way to do it.” (Tweet This!)
Connect with Rudy
- Rudy’s BiggerPockets Profile
- Rudy’s LinkedIn
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Is your ultimate goal to increase the spreads of your investments to the point where you can comfortably quit your job? Tune in for a conversation withJustin Silverio, an investor who successfully made the switch to full-time real estate entrepreneur and who is now focusing on the niche of higher-end rehabs. For tips on deal evaluation, how to find contractors for your particular project, and direct mail strategies, don’t miss this inspiring episode of the BiggerPockets Podcast!
In This Episode We Cover:
- Recap on last time Justin was a guest
- Why he was afraid to close that first deal
- Why he shifted to higher-end rehabs
- Market dips — and how he proactively takes advantage of them
- What key metrics he looks at when evaluating a deal
- The profit spreads Justin looks for
- Tips for finding contractors from lower end to higher end
- How many deals he does now
- How much he makes on each wholesale deal
- Tips for creating criteria for prospective properties
- How Justin does driving for dollars
- His hoarder house story
- What you should know about zoning restrictions that affect rebuiling a house
- How to track a direct mail list
- His experience quitting his job
- His most exciting deals
- And SO much more!
Links from the Show
- BP Podcast 186: How to Get Your First Few Properties — Even in a Competitive Market with Dave Meyer
- BiggerPockets Webinar
- BP Podcast 058: Flipping and Wholesaling Homes While Working Full Time with Justin Silverio
- BiggerPockets Facebook Profile
- BiggerPockets Forums
- Dave’s Twitter Account
- Brandon’s Twitter Account
Books Mentioned in this Show
- The Millionaire Real Estate Investor by Gary Keller
- Rich Dad Poor Dad by Robert Kiyosaki
- The New One Minute Manager by Ken Blanchard
Tweetable Topics:
- “When you go to a higher price point, the ability to create a larger profit is just much greater.” (Tweet This!)
- “If there’s a deal, you will find the money.” (Tweet This!)
- “It’s really difficult when you start, but after you get through the first couple deals, it gets easier.” (Tweet This!)
Connect with Justin
- Justin’s BiggerPockets Profile
- Open Letter Marketing
- Email Justin
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Everyone knows rental properties can be a great way to build wealth and cash flow. Yet so few people ever take the steps needed to build their portfolio. That’s why we’re excited for you to listen to this week’s episode of The BiggerPockets Podcast! On this show, we sit down with Steve Garner, a North Carolina investor who currently is building and managing a rental portfolio while working a full-time job he loves. You’ll learn several creative methods for finding deals that have worked great for Steve, as well as some of his clever tricks for managing tenants with minimal work!
In This Episode We Cover:
- How Steve got started in real estate
- How to build courage to get started investing
- Details on his first deal
- Why Brandon and Steve love tenant-proofing their properties
- What “REO” means
- What REIA is
- How he landed his second property using Homepath
- Tips for looking at cash on cash return
- How many deals has Steve done so far
- How he finds deals
- How he handles CapEx
- How to puts money aside for CapEx
- Steve’s 10-unit townhomes
- How he finances his properties
- Thoughts on managing properties
- Why he’s very particular when a tenant’s about to leave
- What his full-time job is
- The importance of screening and having standards for tenants
- And SO much more!
Links from the Show
- Denver Startup Week
- BiggerPockets Jobs
- Carlton Sheets Cassettes
- BiggerPockets Webinar
- BiggerPockets Events
- BP Podcast 004: Commercial Real Estate Investing With Frank Gallinelli
- BP Podcast 186: How to Get Your First Few Properties — Even in a Competitive Market with Dave Meyer
- BiggerPockets Forums
Books Mentioned in this Show
- The Book on Investing with No or Low Money Down by Brandon Turner
- The Book on Rental Property Investing and The Book on Managing Rental by Brandon Turner and Heather Turner
- The Millionaire Real Estate Investor by Gary Keller
- Rich Dad Poor Dad by Robert Kiyosaki
- Landlording on Auto-Pilot by Mike Butler
- The Success Journey by John C. Maxwell
- The Richest Man in Babylon by George S. Clason
- How to Win Friends & Influence People by Dale Carnegie
Tweetable Topics:
- “I am a long-term buy and hold investor so I try to rent-proof my properties.” (Tweet This!)
- “The time to get credit is when you don’t need it.” (Tweet This!)
- “There’s so many good tenants out there that you want to make sure you find that good tenant.” (Tweet This!)
- “Beyond being a continual learner is taking action.” (Tweet This!)
Connect with Steve
- Steve’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
“I can’t invest in real estate — everything is too expensive” is a common statement used by newbie real estate investors across the world. But is it true? Today on the BiggerPockets Podcast, we’re excited to dig in on the topic with Russell Brazil, an investor from the DC area who has a unique perspective on the wealth-building power of appreciation (AND cash flow!).
In This Episode We Cover:
- How Russell got started in real estate
- Where he invest (and the prices in that location)
- Why you should fix your personal finances first
- Where to cut expenses
- The snowball effect that happens when you’re not living on the cashflow
- How the numbers look on his first properties
- What CapEx is (and other expenses you should be aware of)
- How many rental properties he has today
- How he broke even with some of his properties
- A discussion about appreciation
- Thoughts on investing in condo units
- Why he’s planning to invest in residential complexes
- Why he doesn’t do much flipping anymore
- How to find investors and partners
- Advice for new investors
- Tips for taking advantage of low interest rates
- And SO much more!
Links from the Show
- BiggerPockets Youtube Channel
- BiggerPockets Webinar
- BiggerPockets Bookstore
- The Simple Action No One Does That Will Make You A Millionaire (blog)
- BP Podcast 014 : Cash Flow, Creative Finance, and Life with Ben Leybovich
- BiggerPockets Forums
Books Mentioned in this Show
- The Book on Investing with No or Low Money Down by Brandon Turner
- The 4-Hour Workweek by Timothy Ferriss
- The Big Short by Michael Lewis
- One Up On Wall Street by Peter Lynch
Tweetable Topics:
- “If you want it bad enough, you’ll figure out how to save money.” (Tweet This!)
- “Cash flow is how I pay my bills, while appreciation is how I build wealth.” (Tweet This!)
- “Debt is good. I love debt.” (Tweet This!)
- “The best way we can mitigate risk and make money is by having market knowledge.” (Tweet This!)
- “Real estate is a ‘relationships’ business.” (Tweet This!)
Connect with Russell
- Russell’s BiggerPockets Profile
- Russell’s Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today on the BiggerPockets Podcast, we’re excited to introduce you to a man who didn’t start investing until later in life but has built an impressive portfolio in the past few years. Even more, he bought his rentals thousands of miles away from where he lives! You’ll learn the inspiring tale of our guest, Bill Manassero, and how he went from running an orphanage in Haiti to buying rental properties and the challenges that transition caused. You’ll also be inspired by Bill’s heart and his real purpose for creating wealth through real estate. You are going to love this powerful episode, and it just might change why you invest in real estate! (And don’t miss Bill’s story of how his family appeared on Oprah!)
In This Episode We Cover:
- Who Bill is (and why he’s hung out with Oprah)
- Why he built an orphanage
- How his plans transitioned to real estate
- Thoughts on investing while nearing retirement
- The risk profiles for various ages
- How he focuses on family and not just the money
- How to reach your freedom number
- How he and his family got onto Oprah
- What exactly a turnkey property is — and Bill’s turnkey story
- A few red flags when it comes to turnkeys
- His goal of reaching 1,000 units
- How he finds properties
- The struggles of reaching his goal, from finding funds to working with the right people
- How he maintains the property
- And SO much more!
Links from the Show
- BiggerPockets Videos
- BiggerPockets Webinar
- Child Hope International
- BP Podcast 115: Getting Started with Apartment Complex Investing with Jeff Greenberg
- BP Podcast 151: Finding Your “Freedom Number” with Clayton Morris
- Desperate for Tenants in Memphis [Forum Post]
- BP Podcast 190: Building 61 Different Passive Streams of Income with Pat Hiban
- BiggerPockets Forums
- Loopnet
- BiggerPockets Calculators
- TEDx Talk by Robert Kiyosaki [Video]
- 021: Buying Properties with Little or No Money Down with Brandon Turner[Podcast]
Books Mentioned in this Show
- The Ultimate Beginner’s Guide to Real Estate Investingby BiggerPockets
- The ABCs of Real Estate Investing by Ken McElroy
- The Book on Investing with No or Low Money Down by Brandon Turner
- Rich Dad Poor Dad by Robert Kiyosaki
- The 4-Hour Workweek by Timothy Ferriss
Tweetable Topics:
- “I got tired of working for these other folks, so I decided to become an entrepreneur.” (Tweet This!)
- “I want to be able to go where I need to go.” (Tweet This!)
- “You gotta get in there and get your hands dirty, and that’s where the learning really starts.” (Tweet This!)
Connect with Bill
- Bill’s BiggerPockets Profile
- Bill’s Company Website
- Old Dawg’s Podcast
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Are you building vertical or horizontal income in your life? If you aren’t sure, don’t miss this exceptionally important episode of the BiggerPockets Podcast, where we talk with Pat Hiban about creating multiple streams of passive income. Pat, who is a New York Times bestselling author, shares his real estate journey with us today, starting from a humble “house hack” to participating in multi-million dollar apartment complex purchases. You’ll also learn why (and how) Pat has 61 different sources of “horizontal” income streams and the best ways to begin building your own. Don’t miss a second of this incredible show.
In This Episode We Cover:
- Pat’s thoughts on being a real estate agent for 28 years
- Why many real estate agents don’t invest
- How he obtained his first property by house hacking
- The story of an illegal alien investor
- What Section 8 rentals are and why he invest in them
- The pros and cons of Section 8 tenants
- How he makes money through college rentals
- How he manages his properties
- How to make a property college-proof
- What exactly a “come bet” is
- Why he looks for track record before investing with someone
- A discussion on horizontal streams of income
- And SO much more!
Links from the Show
- BiggerPockets Videos
- BP Podcast 188: Using 20+ Years of Studying Market Cycles to Buy Low & Sell High with David Gudmundsen
- BiggerPockets Webinar
- GoSection8
- BP Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager
- BP Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman
- BiggerPockets Forums
- GoBundance
Books Mentioned in this Show
- Retire Young Retire Rich by Robert Kiyosaki
- The Surrender Experiment by Michael A. Singer
- 6 Steps to 7 Figures by Pat Hiban
Tweetable Topics:
- “My biggest regret is not buying a house a year.” (Tweet This!)
- “On Section 8, I buy where if they find out that I’ll put a Section 8 in there, they’ll be upset.” (Tweet This!)
- “Create bucket list moments and get the most out of life.” (Tweet This!)
Connect with Pat
- Pat’s BiggerPockets Profile
- Pat’s Company Website
- Pat’s Podcast
- VPACQ
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Are you looking to ultimately work less, travel more, and life proactively rather than reactively? The key to this life is found in systems. And on today’s episode of the BiggerPockets Podcast, we are excited to introduce you to a guest who’s a master at building systems in his business. Tarl Yarber, an investor in the Pacific Northwest, shares his story of beginning with no money, making $100,000 on a single wholesale deal, and ultimately turning his love for real estate into a profitable business that has done 500 deals. This powerful show is sure to transform the way you run your business forever.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Is the real estate market about to collapse? Do we have 10 more years? What’s the future hold? While no one can definitively answer these questions, today’s guest has some keen insight into timing the market, allowing you to “buy low and sell high.” Today, we’re excited to introduce you to David Gudmundsen, an investor who’s been in the game more than 20 years and who’s seen numerous peaks and valleys — and who has learned how to ride the wave. With more than 250 deals under his belt, David is an incredible resource for anyone looking to grow their portfolio — or preserve it — during times of uncertainty. Unless you know exactly where the real estate market is headed next, don’t miss this powerful and entertaining episode!
In This Episode We Cover:
- Why David chose real estate and his first property
- How he got his first property by assuming a loan
- How he reached a level of buying a property a month without a college education
- How Monopoly inspired him to invest in real estate
- How to balance learning and actually making deals
- What exactly a wrap is
- Thoughts on contracts for deeds
- How many deals he has made
- What you should know about seller carry back
- What walking the mortgage is
- Insight into market cycles and crashes
- How to read the signs of market cycles
- What we can learn from the boiled frog analogy
- What “buying right” really means
- The importance of not always doing the things others are doing
- Why it’s important to join real estate club meet ups
- A couple of his worst and greatest deals
- And SO much more!
Links from the Show
- BiggerPockets Pro
- ZBuyer
- BiggerPockets Webinar
- BiggerPockets Analysis Tools
- BiggerPockets Forums
Books Mentioned in this Show
- How to Buy and Manage Rental Properties by Irene and Mike Millin
- Unlimited Power by Tony Robbins
- Close That Sale! by Brian Tracy
- Advanced Selling Strategies by Brian Tracy
Tweetable Topics:
- “I can never win at Monopoly unless I roll the dice and I buy houses.” (Tweet This!)
- “A good borrower can make a bad loan good, and a bad borrower can make a good loan bad.” (Tweet This!)
- “Forget location, location, location. It’s all about buy low and sell high.” (Tweet This!)
- “You just look at what exactly the herd is not doing.” (Tweet This!)
Connect with David
- David’s BiggerPockets Profile
- Email David
- David’s Company Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In this episode of the BiggerPockets Podcast, we talk about a subject many investors debate about: investing in OLD properties. Today’s guest, Dana Bull, has filled her portfolio with properties over 100 years — and she dishes out the good, the bad, and the ugly details. You’ll also learn why Dana focuses on small multifamily properties and she offers some incredible insight into being an effective landlord — no matter your age or experience level.
In This Episode We Cover:
- Why Dana and her boyfriend rented in Salem, the infamous place of witch trials
- How she bought a house from 1784
- Things to note about buying old houses
- The numbers on their second property
- Why she wants to avoid inheriting tenants
- Why Dana seeks one bedrooms with smaller footprints
- The “stepping stone” property for young professionals
- Why lead-based paint is an issue
- Things she’s learned from being a landlord in her mid-twenties
- A discussion on open houses vs. individual showings
- How to deal with tenant issues
- How to know when it’s time to sell
- The importance of knowing the end goal and taking steps to get there
- How she managed to juggle full-time jobs and investing
- How many properties she has now and why she’s just hitting a “target”
- What she means by the “building years”
- How she manages her properties
- What it’s like being a woman investor
- And SO much more!
Links from the Show
- Josh’s Twitter Account
- BP Podcast 099: 3 Personal Finance Bloggers & Their First Real Estate Investment with Scott, Lauren, and Philip
- BiggerPockets Webinar
- BiggerPockets Forums
Books Mentioned in this Show
- Property Management Kit For Dummies by Robert S. Griswold
- The Book on Managing Rental Properties by Brandon and Heather Turner
- The EveryGirl’s Guide to Life by Maria Menounos
Tweetable Topics:
- “All of our properties have some sort of story in them.” (Tweet This!)
- “If people want your time or if people want to live in your space, they need to respect you and your time.” (Tweet This!)
- “There are so many approaches you can take, and I think the key is to just start.” (Tweet This!)
Connect with Dana
- Dana’s BiggerPockets Profile
- Dana’s Company Website
- Dana’s LinkedIn Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
There are a lot of excuses people use for why they don’t invest in real estate. Maybe they work too much. Maybe they don’t have any money. Maybe the market is too hot. But some — like our guest today — don’t let those difficulties stop them. Instead, they use creativity to overcome obstacles and build a real estate empire. So today on the BiggerPockets Podcast, we are excited to introduce you to Dave Meyer, an investor from the Denver market, who shares his story of buying eight units using creativity, intelligence, and in incredible level of hustle!
In This Episode We Cover:
- Who exactly Dave, the VP of Growth for BiggerPockets, is
- How his silly neighbor unintentionally encouraged him to buy a house
- Why he chose his friend as a partner
- The details of his first deal
- What he looked for in his first deal
- The numbers on that deal
- Would it still be a great deal without the appreciation in Denver?
- How he raised his funds for this project
- The importance of acting on opportunities now
- Who manages his properties?
- How a tenant built a staircase for him
- How you can learn the market by working hands-on
- How Dave bought properties while waiting tables
- His first experience with house hacking
- Tips to keep in mind regarding zoning when finding properties
- And SO much more!
Links from the Show
- Josh’s Twitter Account
- Brandon’s Twitter Account
- BiggerPockets Webinar
- BiggerPockets Forums
- Dancing with the Stars
- How Great Leaders Inspire Action by Simon Sinek (TED Talk)
Books Mentioned in this Show
- The Book on No or Low Money Down by Brandon Turner
- The Ultimate Beginners Guide to Real Estate Investing by BiggerPockets
- Start with Why by Simon Sinek
- Leaders Eat Last by Simon Sinek
Tweetable Topics:
- “If you have an opportunity, you’re a fool to ignore it. Find a way to do it.” (Tweet This!)
- “You learn a tremendous amount if you do hands on things such as screening the tenants, doing the open houses. You learn the market and what people want.” (Tweet This!)
- “Find the deal and figure out how to get the money to make it happen.” (Tweet This!)
- “Once you start owning, it feels weird to start paying someone else to live in their house.” (Tweet This!)
Connect with Dave
- Dave’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s episode of The BiggerPockets Podcast, Josh and Brandon sit down with Bill Powers, a real estate investor from the Chicago suburbs, to learn how he went from zero to over 70 units in five yearswhile focusing on lease options — also known as “rent to own.” This powerful strategy is one that anyone can begin using in their business to achieve more cash flow and equity — and today, you’ll learn all the details. Get your pen and paper out for this show — you’ll want to take some notes!
In This Episode We Cover:
- How Bill got started in real estate
- All the mistakes he made on his first house
- Tenant screening must-haves
- How exactly rent-to-own works
- What the first look program is
- What you should know about the 2% rule
- How to not be a predatory investor
- Tips for running your business the right way
- A discussion on “instant equity“
- Why some people are not fulfilling their lease options
- A profile of common tenants who go for rent to own
- What is Dodd-Frank is and how it affects people who use lease options
- Things to note before going for a lease option
- What the future of his business is
- How many hours he works in a week
- And SO much more!
Links from the Show
- How I Found My Five Latest Real Estate Deals! (Five Different Strategies)
- BiggerPockets Webinar
- BiggerPockets Forums
- Zillow
- Rent.com
- Trulia
- Secure Pay One
Books Mentioned in this Show
- The Book on No or Low Money Down by Brandon Turner
- The Book on Estimating Rehab Cost by J. Scott
- The Golden Rules by Bob Bowman
Tweetable Topics:
- “Where rents are highest and acquisition of capital is lowest, that’s where we focus.” (Tweet This!)
- “I think you can always flip. I think there’s spread on properties all the time.” (Tweet This!)
- “There are ways to lose money on flips even if you make money — because opportunity cost is a big factor on that.” (Tweet This!)
- “Don’t be enticed completely by the flip side of things. Look long term.” (Tweet This!)
Connect with Bill
- Bill’s BiggerPockets Profile
- Bill’s Company Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In today’s humorous episode of the BiggerPockets Podcast, you’ll meet Bill Lublin, a real estate expert who has invested in over 800 deals while also building the largest real estate agency in his state! You’ll learn how Bill got his start in real estate sales, why he was a terrible agent, and the one thing that changed everything. You’ll also hear how Bill has been able to do over 800 investment deals (from single family homes to multifamily to motels to development and more), his management philosophy, and why he thinks investors probably should NOT get their real estate license.
In This Episode We Cover:
- Who Bill is
- How Bill got into real estate by accident
- Why work ethic is important
- Tips for employing hundreds of agents
- Why some agents don’t buy their own properties
- What you should know about a wraparound mortgage
- How he learned to do creative financing
- How many deals he has done so far (hint: 800 to 1,000)
- His favorite type of deal
- How to time your investing (despite the recession)
- The 4 big things that will give you value-add on a property
- Sage advice for investing for the long haul
- How his business and partnership works
- What the “elephant approach” is
- And SO much more!
Links from the Show
- Podcast Movement
- BiggerPockets Webinar
- BiggerPockets Forums
Books Mentioned in this Show
- The Book on No or Low Money Down by Brandon Turner
- List More, Sell More by Jerry Bresser
- The E-Myth Revisited by Michael E. Gerber
Tweetable Topics:
- “You make a living by selling real estate.” (Tweet This!)
- “Anybody who has a periodic payment is paying somebody else’s mortgage.” (Tweet This!)
- “I haven’t met anybody who owned a property for 10 years who didn’t make money on it.” (Tweet This!)
- “You make a profit in the property when you buy it, not when you sell it.” (Tweet This!)
- “You don’t recognize a loss until you sell something.” (Tweet This!)
- “The hard part is not doing deals, but finding deals.” (Tweet This!)
Connect with Bill
- Bill’s BiggerPockets Profile
- Bill’s Website
- Bill’s Company Website
- Bill’s Twitter Account
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What does it take to achieve financial independence? Thousands of deals and a 100+ hour work-week hustle? Not according to today’s guest! Today we bring you an incredible interview with Sarah P. who just one year ago began her journey toward financial independence using rental properties — part-time! You’ll learn how Sarah is building a rental portfolio despite living in one of the most crowded, competitive markets in the world, as well as her best tips on overcoming obstacles, creative finance, and more. This show will not only give you miles of practical advice, it will leave you saying, “I can totally do that!”
In This Episode We Cover:
- How she discovered financial literacy through Mr. Money Mustache
- How analyzing deals made her feel comfortable buying her first deal
- How to invest if you’re in an expensive market
- The details on her first deal
- How she chose her market
- Sarah’s thoughts on HOAs
- How she’s managing her properties
- How old her properties are
- How a Home Equity Line of Credit helped her land her first properties
- What her long-term goal as an investor is
- How Sarah finds her deals
- Some obstacles she’s encountered in her investing career
- What the 2 year rule is
- How many hours a week she works on her real estate
- And SO much more!
Links from the Show
- 8 Mile
- BiggerPockets Webinar
- Mr Money Mustache
- BP Podcast 172: Breaking Into Apartment Investing with a 100-Unit First Deal with Jonathan Twombly
- BP Podcast 180: 58 Deals by Age Twenty-Three with Devan McClish
- Thumbtack
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- Secrets of the Millionaire Mind by T. Harv Eker
- The Book on No or Low Money Down by Brandon Turner
- Rich Dad’s Who Took My Money? by Robert Kiyosaki
Tweetable Topics:
- “My rental income does not count as income.” (Tweet This!)
- “If they can’t help you, ask who else they know that can help you.” (Tweet This!)
- “You need to know what to ask because you don’t know what you don’t know.” (Tweet This!)
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Whether you own a single property or 1,000 units, systematizing your business is the key to growth. That’s why we’re excited to introduce you to Jake Stenziano and Gino Barbaro, a real estate partnership that’s scaled to 674 units in just the past three years. In this explosive interview, Jake and Gino share their story of building a sizable portfolio using a variety of creative methods. You’ll learn about the “hard lumps” they took on their first deal, the mindset changes they needed to take to transform their business, how they financed a 200+ unit apartment for no cash down, and a lot more. This incredible show will not only change your business — it might just change the way you look at life.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Let’s be honest: It can be tough to find a great deal in today’s competitive real estate market. If you find yourself in that situation, you are going to love today’s show! Today we hear from Lauren Hardy, a house flipper and wholesaler in the highly competitive Southern California market who overcame a rough beginning to scale her business to several deals a month. You’ll love Lauren’s honesty about quitting her job too early and her straightforward approach to finding deals, evaluating a market, and creating systems that allow her to work and live a full life. And grab some scratch paper — this is definitely one show you are going to want to take some notes on!
In This Episode We Cover:
- What to do when you hail from an expensive location
- How Lauren got started in real estate
- Her very first deal
- Why she loves condos
- Things to consider when investing in condos
- How she quit her job — and failed
- How she spent $25,000 — and got no deals
- Lauren’s tweaks to her direct mail marketing
- How she scaled to 2 to 3 deals a month
- How Lauren’s business works
- How she uses Podio to make her processes easier
- How she estimates rehab costs
- What exactly cash for keys is
- Flipping shows vs. flipping in real life
- How she funds her deals with hard money and private money lenders
- Where is she going with her business
- How many hours she works in a week
- And SO much more!
Links from the Show
- BiggerPockets Webinar
- ListSource
- REISource
- Google Earth
- Darren Daily
- BiggerPockets Udemy Course
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- Tax Strategies for the Savvy Real Estate Investor by Amanda Han
- Building Wealth One House at a Time, Updated and Expanded by John Schaub
- The Compound Effect by Darren Hardy
- The Entrepreneur Roller Coaster by Darren Hardy
Tweetable Topics:
- “I love what I do, so it doesn’t feel like work.” (Tweet This!)
Connect with Lauren
- Lauren’s BiggerPockets Profile
- Lauren’s Facebook Profile
- Lauren’s Instagram
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What were you doing at 23 years old? Probably not building 17 houses like today’s guest! That’s right — our guest today on the BiggerPockets Podcast is Devan McClish, a real estate investor from Nashville who’s done nearly 60 deals in just the past couple years — using almost no money of his own. You’ll learn how Devan finds deals, raises money, works with contractors, and so much more. This show will go down as one of the greatest in BiggerPockets history — so don’t miss a second of it!
In This Episode We Cover:
- How Devan got started learning real estate when he was 18
- How he convinced a mentor to teach him
- His first deal 3 years later
- How to avoid the shiny object syndrome
- How he landed deals through direct mail
- How he initially funded his deals
- Living on $15,000 for a year
- How to deal with peer pressure when you’re “going cheap”
- The worst mistake he’s made so far
- The biggest challenge in the beginning
- Why finding the deal is harder than finding the money
- How Devan finds deals
- Tips on driving for dollars
- His future goals
- And SO much more!
Links from the Show
- BiggerPockets Job Opening
- BiggerPockets Events
- Advertise with BiggerPockets
- BiggerPockets Store
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- Think and Grow Rich by Napoleon Hill
- How I Turned $1,000 into Five Million in Real Estate in My Spare Time by William Nickerson
- The Intelligent Investor by Benjamin Graham
Tweetable Topics:
- “While my friends are out drinking, I stay at home and try to find the next deal.” (Tweet This!)
- “Instead of spending $300/month on a brand new car, I’d rather spend that to get another 300 yellow letters out.” (Tweet This!)
- “Whenever they say you can’t do this, I say watch me do it.” (Tweet This!)
Connect with Devan
- Devan’s BiggerPockets Profile
- Devan’s Facebook Profile
- Devan’s Twitter Profile
- Devan’s Landing Page
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What stops most people from achieving massive success through real estate? Money? Cheap properties? Knowledge? According to our guest today, it’s fear. That’s why we’re excited to introduce you to Dale Hensel, an investor who’s done everything from single family to multifamily to notes and a LOT more. You’ll be amazed at the simple way Dale used his “ignorance” that something should be hard to build several large, successful businesses — including one real estate company he took public!
In This Episode We Cover:
- Dale’s very first house that he bought in 1996
- How hitchhiking led him to figuring what he wanted
- How he achieved 250 apartments in two and a half years!
- The need for being confrontational in this business
- The cool story of how he got started as a landlord
- How he added multiple properties just because he has no money
- What exactly a “wrap” is
- The 3 important pieces of paper in a real estate transaction
- The benefits of not knowing what’s “impossible“
- The difference between performing and non performing notes
- A discussion about his public company
- And SO much more!
Links from the Show
- BRRRR Calculator
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- The 4-Hour Workweek by Timothy Ferris
- The Millionaire Fastlane by MJ DeMarco
Tweetable Topics:
- “I didn’t know that it was supposed to be hard or impossible, so I bought 250 apartments.” (Tweet This!)
- “I don’t have a filter that says ‘Well, they did it, I can’t.” I have filter that says, ‘If they did it, so can I.'” (Tweet This!)
- “Take measured, gentle risk until you can push yourself a little further, and realize that you can go a lot further than you ever thought!” (Tweet This!)
Connect with Dale
- Dale’s BiggerPockets Profile
- Dale’s Facebook Page
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Trying to build a real estate portfolio when you are brand new and work a full-time job can be tough. That’s why today we are excited to bring you an interview with an investor (and moonlighting stand-up comedian) with a remarkable story of using various “house hacks” to jump into the game. Charlie Kao, who hails from the Detroit, Michigan market, covers his entire investing journey, from condo investing to house flipping to landlording and more. And don’t miss Charlie’s powerful — and incredibly unique — strategy for finding deals through networking! Today’s show is sure to bring new strategies to your business, and the humor will leave you smiling all day!
In This Episode We Cover:
- Where Charlie comes from
- How he learned real estate from his dad
- Thoughts on starting off with $5-40k houses
- A discussion about Detroit
- The details of his first deal
- How he realized how to live and flip via working at the bank
- What exactly an underwriter is
- Charlie’s first true flip in Grand Rapids
- Thoughts on valuing your time when it comes to flipping
- Tips for living in your flip
- How he started out as a househacker
- How he lived in the house for two years
- How it might be difficult to live and flip with kids
- Tips for getting your spouse on board
- How to flip while having a full time w-2 job
- How many flips Charlie has done so far
- How he finds properties and the price range he looks for
- The mailman and the foundation specialist as sources of leads
- How he manages to get stated income loans
- Some of the worst deals he’s had
- What would have he done differently if he started all over again
- And SO much more!
Links from the Show
- BP Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman
- BiggerPockets Events
- The Secret to Unlocking Bank Financing
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- The 4-Hour Workweek by Timothy Ferris
- Maximum Achievement by Brian Tracy
- The Psychology of Selling by Brian Tracy
Tweetable Topics:
- “The more tools you have in your toolbox, the more projects you can take on.” (Tweet This!)
- “This is going to be the last time I make this mistake because I’m going to learn from it.” (Tweet This!)
- “It doesn’t matter how many things you’ve done; there are always things that could happen.” (Tweet This!)
Connect with Charlie
- Charlie’s BiggerPockets Profile
- Charlie’s Company Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
When you hear the acronym “BRRRR,” what comes to mind? Winter? Well, today on the BiggerPockets Podcast, we’re going to talk about BRRRR — and, no, we’re not talking about the temperature! On this powerful episode, we dive deep into one of the most popular and exciting strategies for real estate investors today — the BRRRR strategy (Buy-Rehab-Rent-Refinance-Repeat). We talk with Ben Walhood, a real estate investor from the Chicago suburbs who has found tremendous success buying properties in several states using BRRRR, as well as several other strategies. You’ll learn why it took Ben nearly ten years to “take off” as an investor, as well as the best tips he has for finding success today. Grab a notebook and pencil — because this is one show you’ll want to take some notes!
In This Episode We Cover:
- Tips for switching from the linear path of a sales person to a real estate investor
- What a “no doc loan” is
- How Ben bought his first house in college to house hack
- How he learns each market he gets into
- The story of how he failed horribly on his second deal
- What to do when you get calls from tenants in the middle of the night
- Why every strategy could work
- How he got better with his type of properties over time
- The best deal he’s had
- Why you have to fail to succeed
- Tips on the BRRRR strategy
- How many properties Ben has
- What you should know about CapEx
- Tips for using insurance companies
- How to perform a walkthrough of a typical BRRRR deal
- The downsides to this strategy
- Tips for short-term financing through crowdfunding
- Where is Ben going with his investing
- How we was able to quit his job through investing
- And SO much more!
Links from the Show
- BiggerPockets Calculators (includes BRRR Calculator)
- RealtyShares
- BP Podcast 151: Finding Your “Freedom Number” with Clayton Morris
- BiggerPockets Forums
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- The Book on Rental Property Investing by Brandon Turner
- Investing in Real Estate by Gary Eldred
- Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki
- Eat That Frog! by Brian Tracy
Tweetable Topics:
- “I just hated the idea of throwing away money on rent every month.” (Tweet This!)
- “Find people that choose to rent and not ones that need to rent.” (Tweet This!)
- “I had to try and fail before I could figure out what success looked like.” (Tweet This!)
- “It’s all about putting in the right people and putting some terms in your lease.” (Tweet This!)
Connect with Ben
- Ben’s BiggerPockets Profile
- Ben’s LinkedIn
- Ben’s Company Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Everyone knows it’s tough to find deals in today’s real estate market — but somehow our guest today, Tom Krol, didn’t get that memo! In his first 18 months, Tom closed over one hundred wholesale dealsand has continued to dominate his market. In this explosive and highly entertaining episode, Tom goes into incredible detail on the exact methods he used to build out a highly automated real estate acquisition machine. And don’t miss the in-depth discussion on nine specific lists that Tom mails to; it just might change your business forever. Hang on tight — this show is about to rock your world!
In This Episode We Cover:
- How Tom got started in real estate
- Why he had to sell his golf cart
- The biggest mistakes he made when starting out
- How he closed 100 deals in the first 18 months
- The attitude successful wholesalers have
- How to avoid “shiny object syndrome“
- How he finds real estate deals
- What “the list” is
- What a motivated seller really looks like
- Tips for buying owner-occupied deals
- How Tom became successful in this kind of investing
- What you should know about “the rule of 5“
- Tips for using a virtual assistant
- Why the money is in the database
- How much he spends on direct mail
- How many mailings per month he sends out
- A discussion on bandit signs
- How to get comfortable with making mistakes
- How many hours he works per week
- And SO much more!
Links from the Show
- BiggerPockets Calculators
- Amazon Echo
- Podio
- Craigslist
- ListSource
- BRRRR Strategy
- Upwork
- Dreaming of That 4-Hour Work Week? This App Will Help You Get There! (Blog Post)
- FindMotivatedSellersNow.com
- BP Podcast 151: Finding Your “Freedom Number” with Clayton Morris
- BP Podcast 173: Flipping 100+ Houses in an Expensive, Competitive Market with Steve Jones
Books Mentioned in this Show
- The ONE Thing by Gary Keller
- Getting Things Done by David Allen
- The Millionaire Real Estate Investor by Gary Keller
- The 4-Hour Workweek by Timothy Ferriss
- The Four Spiritual Laws of Prosperity by Edwene Gaines
- Traction by Gino Wickman
Tweetable Topics:
- “Progress not perfection.” (Tweet This!)
- “Imperfect action instead of perfect planning.” (Tweet This!)
- “Every single real estate deal, no matter what you do, starts with a good deal.” (Tweet This!)
- “You’re going to make mistakes whether you have 4 years of education in real estate or none.” (Tweet This!)
Connect with Tom
- Tom’s BiggerPockets Profile
- Tom’s Company Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Building a real estate portfolio can be challenging — but taking others along for the ride can help everyone achieve incredible results. That’s the topic on today’s episode of the BiggerPockets Podcast,where we sit down with Mike O’Connor and Matt Wood, two young investors from the Atlanta area who have built a sizable portfolio (150+ units) in a very short time thanks to the power of a team. You’ll learn why they jumped straight from a single house to an apartment complex and the mindset and strategies needed to pull it off successfully. This highly entertaining show will have you taking notes — and laughing — ’til the very end!
In This Episode We Cover:
- The backstory of Mike and Matt’s investing career
- The cool story on how they started working together
- The value of analyzing deals
- “Aunt Jemima” as their first property
- What Section 8 is and some of its benefits
- Tips for bringing more people on the team
- Why their first deal was important
- How they find the right people for their team
- How they scored a 32-unit as their second deal
- How they went from 32 to 100 units through creative financing
- Tips for having a job while investing
- WhatsApp and why they use it
- How they differentiate roles in their company
- The importance of systemizing and automating to scale their business
- The Unique Wide Oak Deal
- Why you should build relationships with your local banks
- Why confidence matters in this business
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Google Play
- Tim Ferris’ Podcast
- BiggerPockets Contribute
- Evernote
- Dropbox
- The 5 C’s of a Perfect Loan Proposal
- BiggerPockets Analysis Tools
- BP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
- BiggerPockets Forums
- 8 Tips For Screening Out Professional Tenants: Your Worst Nightmare! (blog)
- The Professional Tenant – Just How Painful Can Evicting One Tenant Be? (blog)
- BiggerPockets Local Connect
Books Mentioned in this Show
- The Book on Investing with No or Low Money Down by Brandon Turner
- The 4-Hour Workweek by Timothy Ferriss
Tweetable Topics:
- “We want to be good landlords, we truly enjoy providing good living conditions to our tenants.” (Tweet This!)
- “To know that there is something that we can control that is providing us income is huge.” (Tweet This!)
- “I’d rather have a small percent of a deal than zero percent of the deal.” (Tweet This!)
- “You have to be ready to pivot based on the deal because not every deal fits in the same box.” (Tweet This!)
Connect with Mike and Matt
- Mike’s BiggerPockets Profile
- Matt’s BiggerPockets Profile
- Azeez’ BiggerPocketes Profile
- Kiran’s BiggerPockets Profile
- Cambridge Investment Group
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Around BiggerPockets, we often encourage newer investors to sit down with an experienced real estate investor to “pick their brain” and soak up their wisdom. Today on the BiggerPockets Podcast, we want to do just that. Dave Short began investing in real estate nearly half a century ago and has an incredible level of insight into the ups and downs of building wealth through real estate. We cover everything from overcoming failure to flipping a hundred houses in four years and much more!
In This Episode We Cover:
- How he got started in real estate from a factory job 44 years ago
- The grave need for property management and liquidating their business
- Thoughts on going through investing with over a million dollars in debt
- Tips for making partners instead of having bank relationships
- How help from the outside opened his eyes
- Why you should stay in the game despite failures
- The importance of working with the right people
- How many transactions he has done over his real estate career
- How he flips a house
- Who’s on his team
- How to hook a spouse on investing in real estate
- How he buys his deals
- How to get a good transaction as a wholesaler
- Making a deal by solving other people’s problems
- How to show yourself to be legit as a wholesaler
- Why you should find a veteran investor in your market
- What “pre-habbing” a house is
- And SO much more!
Links from the Show
- BiggerPockets Jobs
- Google Play
- Tim Ferris’ Podcast
- BP Podcast Show 91: Getting Started as a Real Estate Wholesaler with Ben Grise
- BiggerPockets Keyword Alerts
- BiggerPockets Meet
- BiggerPockets Analysis Tools
- BiggerPockets Forums
Books Mentioned in this Show
- The 4-Hour Workweek by Timothy Ferriss
- The Book on Rental Property Investing by Brandon Turner
- The ONE Thing by Gary Keller and Jay Papasan
- The Millionaire Real Estate Investor by Gary Keller
- Burst This! by Frank McKinney
- Unlimited Power by Anthony Robbins
- Awaken the Giant Within by Tony Robbins
Tweetable Topics:
- “The management is the key to success, and real estate is just the vehicle.” (Tweet This!)
- “In buying and selling real estate, every house has 2 to 4 solutions.” (Tweet This!)
- “The beauty in staying in the real estate business for 44 years is if you’re in a slump for 4 years, that’s only 10% of your career.” (Tweet This!)
- “If you can’t ask the right questions, then you’ll never get to the solution.” (Tweet This!)
- “I never look at them as competition. They’re people we work together with, and we can all make a living.” (Tweet This!)
Connect with Dave
- Dave’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
House flipping can be incredibly profitable and fun — but for many people, trying to make it work is next to impossible because of the high cost of homes. That’s why on this episode we’re excited to chat with Steve Jones, a house flipper from Southern California who has flipped over 100 deals in his neighborhood. Steve’s advice is rock solid for anyone looking to grow their real estate business — and you are going to love his advice about open houses. Steve’s perspectives just might change how you do real estate forever.
In This Episode We Cover:
- Thoughts on investing in Southern California
- How Steve got started in real estate
- The first home he flipped
- What exactly a “condo conversion” is
- How he’s done over 100 flips so far
- How Steve finds his deals
- What you should know about looking for hidden value
- Steve’s formula for evaluating a deal
- How he flips a deal
- What he typical spends on a normal rehab
- The worst flip he’s ever done
- How to think with the buyers in mind
- Tips for getting an A-team contractor
- How to learn from contractors
- The importance of developing a thorough scope of work
- Why deals are relationship based
- How to calculate land value
- What happens when people lose their money
- Things that he loves about flipping houses
- The “slow flip”
- Becoming an expert on your neighborhood
- And SO much more!
Links from the Show
- Fake F***ing Flowers (video)
- BiggerPockets Calculators
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert T. Kiyosaki
- Why We Buy: The Science Of Shopping by Paco Underhil
Tweetable Topics:
- “We always bring the indoors outdoors — and bring the outdoors in.” (Tweet This!)
- “You have to have an appetite for risk.” (Tweet This!)
- “Your best price is always going to be your first price.” (Tweet This!)
Connect with Steve
- Steve’s BiggerPockets Profile
- Steve’s Company Website
- Steve’s Instagram
- Steve’s Twitter
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Have you ever dreamed of owning large apartment complexes? If so, don’t miss this powerful interview with Jonathan Twombly, a real estate investor whose very first deal had over 100 units! You’ll learn why Jonathan skipped the “small deal phase” and jumped right into big deals — and how he’s gone from nothing to over 400 units in the past several years. This show offers an incredibly realistic view of what it actually takes to break into the apartment complex market!
In This Episode We Cover:
- How Jonathan got out of the law industry and into real estate investing
- The partnership that changed his life
- How you can always find deals within 100 miles
- The details of Jonathan’s first deal
- What to do when someone cancels the deal
- How financing contingency works
- How he structures his deals
- Tips for establishing yourself with brokers
- The due diligence list to show to brokers
- The importance of asking your friends for introductions
- Why you should focus on the relationship aspect of investing
- The details of Jonathan’s first successful deal
- Why you should consider buying the “unsexy” properties
- Tips on looking for deals
- How he makes money through syndication
- His strategy on making 400-unit deals
- How he manages properties
- What you should know about underwriting a deal
- Things he would done differently if he started all over again
- And SO much more!
Links from the Show
- BiggerPockets on Google Play
- 10 Things To Do Before Doing Your First Deal (blog)
Books Mentioned in this Show
- The Wall Street Journal. Complete Real-Estate Investing Guidebook by David Crook
- Logistics Clusters by Yossi Sheffi
- The War of Art by Steven Pressfield
- The 4-Hour Workweek by Timothy Ferriss
Tweetable Topics:
- “You don’t know what the heck you are doing, but you’ll figure it out when you start somewhere.” (Tweet This!)
- “If you are a new investor, it’s not about how much money you have but about how many deals you have closed.” (Tweet This!)
- “Persistence is 90% in business and then the other 10% is not being an idiot.” (Tweet This!)
Connect with Jonathan
- Jonathan’s BiggerPockets Profile
- Jonathan’s Blog
- Jonathan’s Company Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On this inspiring episode of the BiggerPockets Podcast, we sit down with real estate entrepreneur Andrew Cushman to learn how he went from a full-time job as a chemical engineer to a house flipper and finally a real estate syndicator, buying over 1400 units in less than a decade. You’ll learn how Andrew finds deals, manages the rehabs on a large scale, raises money for large apartment purchases, and more. Don’t miss a moment of this powerful show!
In This Episode We Cover:
- How Andrew started as a chemical engineer — then got into investing
- Why he trusted his mentor from the outset
- How many flips he has done so far
- Tips for scaling from 0 to 24 flips in 5 years
- The details of his first flip
- A discussion on buying pre-foreclosure properties
- The story of making 4,575 phone calls before getting his first deal
- The importance of believing in yourself and believing in the system
- How Andrew has flipped 24 properties and 1,470 apartments
- How he made money on the first flip
- How to scale by building a system
- How to find pre-foreclosed deals
- The best flip he’s ever completed
- Tips on weird houses
- His first apartment deal
- Why he doesn’t recommend a heavily distressed deal
- The difference between single family and multifamily properties
- How to become a “sophisticated investor“
- How he find apartment deals
- And SO much more!
Links from the Show
- Webby Awards
- Bloomberg
- DowJones
- HarvardBusiness
- Wired
- Forbes
- CNN Money
- BiggerPockets Calculators
- Foreclosure.com
- PropertyRadar
- Realtytrac
- How to Buy a Foreclosure : The Comprehensive Guide to Buying a Foreclosed Home
- General Foreclosure & Pre-Foreclosure Forums
- BRRRR Strategy
- GoBundance
- BP Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
- BP Podcast 166: How Modeling Greatness Can Get You To 100+ Deals with Matt Aitchison
- BP Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene
- 1 Life Fully Lived Organization
- Slack
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert T. Kiyosaki
- The One Thing by Gary Keller and Jay Papasan
- The E-Myth Revisited by Michael E. Gerber
- Emerging Real Estate Markets by David Lindahl
- Multi-Family Millions by David Lindahl
- Start with NO by Jim Camp
Tweetable Topics:
- “This system will work so I’m going to make it work.” (Tweet This!)
Connect with Andrew
- Andrew’s BiggerPockets Profile
- Andrew’s Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What does it take to truly find success in real estate — especially when you make an average salary and live in an expensive city? That’s the topic of today’s show, where we sit down with David Greene, a full-time police officer in the San Francisco market who’s managed to buy multiple deals in the past several years through mass hustle and persistent deal-finding. You’ll learn how David finds deals, invests both in-and-out-of-state, and finances those deals on a cop’s salary! This show is sure to motivate and educate you to do more deals this year!
In This Episode We Cover:
- Who David Greene is and how he bought a $565k house for $195k
- The challenges of renting out a house
- His tips for first time landlords
- Thoughts on credit checks
- How to use property managers as advisors
- Steps for buying property from afar
- The second hurdle he met while investing
- What you want in a real estate agent
- How he got financing despite his profession
- Looking at investing like the Golden Real Estate Warriors to save money
- The importance of working hard to reach your goals
- A discussion on investing in notes — the downsides and upsides
- David’s game plan
- Why consistency is key to reaching success
- And SO much more!
Links from the Show
- Keyword Alerts
- Tenant Screening: The Ultimate Guide
- How To Rent Your House: The Definitive Step by Step Guide
- How to Invest in Real Estate with Just 5 Spare Hours Per Week
- Be Like Elon (image)
- BackstreetBoys Documentary on MTV
- Jeff Brown’s BiggerPockets Profile
- Compound Interest Spreadsheet
- BiggerPockets Instagram Post (Quote)
- BP Podcast 034: Virtual Real Estate Investing and How to Find Great Deals in a Hot Market with Anson Young
- Andrew Cushman’s BiggerPockets Profile
- BiggerPockets Webinar
Books Mentioned in this Show
- The Book on Rental Property Investing by Brandon Turner
- The Richest Man in Babylon by George S. Clason
- So Good They Can’t Ignore You by Cal Newport
- The Millionaire Real Estate Agent by Gary Keller
- The Millionaire Real Estate Investor by Gary Keller
- Rich Dad Poor Dad by Robert T. Kiyosaki
Tweetable Topics:
- “You can do everything wrong in real estate at the beginning. If you hold on long enough, it’s going to work out.” (Tweet This!)
- “You have to embrace that it’s hard and be glad that it is.” (Tweet This!)
Connect with David
- David’s BiggerPockets Profile
- David’s Website
- David’s Facebook Profile
- David’s LinkedIn Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today we’re excited to bring you an interview with a savvy investor who’s done over 500 deals — Cameron Skinner. Cameron got his start with new construction spec builds in the late 1990s and due to the changing economy created an interesting twist that we know you guys are going to just love. This episode is packed with incredible, actionable advice that will leave you shouting, “I’m totally going to do that strategy!”
In This Episode We Cover:
- How Cameron got started by partnering with someone
- Why he started with new construction
- Can anyone build to rent?
- How to calculate capex and why it’s important
- What exactly cost segregation is
- How to get tax benefits now
- How many deals Cameron has done so far
- His experience during the crash
- What you should know about how lease options work
- When to seek professional advice regarding the laws in your area
- How to know your market
- Downsides of the build-rent strategy
- Tricks for finding the best contractor
- How he completed so many deals without picking up a hammer
- How to keep an “investor mindset” to find the best deals
- The importance of finding out your skill set
- Why Cameron has no employees
- The cost of tearing down a property
- And SO much more!
Links from the Show
- BiggerPockets Analysis
- BiggerPockets Calculators
- BiggerPockets Forums
- Keyword Alerts
- BiggerPockets Meet
- Tax, Legal Issues, Contracts, Self-Directed IRA Forum Category
Books Mentioned in this Show
- The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matt MacFarland
- Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
- The Richest Man in Babylon by George S. Clason
- Thou Shall Prosper by Rabbi Daniel Lapin
Tweetable Topics:
- “I’m not worried about 20 years from now because I might be dead — so I want to take the tax benefits now.” (Tweet This!)
Connect with Cameron
- Cameron’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
People have a lot of excuses about why they aren’t’ investing in real estate. “I work too much.” “I live in an expensive area.” “I don’t know enough.” But on today’s show, we sit down with a BiggerPockets member who is absolutely crushing it — despite a full-time job, living in Silicon Valley, and being brand-new to real estate. You’ll learn how Kevin Wood has managed to go from zero to twenty-five deals in under a year, largely using networking on BiggerPockets to make it happen. You’ll be inspired, motivated, and educated to get off the bench and jump into the game!
In This Episode We Cover:
- How Kevin went from 0 to 25 units in less than a year
- How to overcome the fear of buying that first deal
- How BiggerPockets helped Kevin focus on his investing
- The “condo mistake” Kevin almost made for his first deal
- How to have a competitive advantage
- Tips for approaching other investors
- Why (and how) Kevin bought five houses at once for his first deal
- The logistics of buying five properties at once as a newbie
- How to know if you’re buying a good deal or not
- The benefits of analyzing 100 deals
- Investing in stocks vs. real estate
- How to make a good partnership
- Tips on working with partners — the good, bad, and ugly
- How to introduce yourself on BiggerPockets
- How Kevin got a $200,000 discount on his 6-plex
- The 14-unit turnaround — and the drama associated with it
- How to work with a designer to get the best look for a unit
- A discussion on contractors and how to find them
- How to manage a multifamily complex
- The caveats associated with big fixer-upper deals
- Tips on going for package deals
- The genius negotiating strategy Kevin uses to get incredible deals
- And SO much more!
Links from the Show
- BiggerPockets is hiring!
- BiggerPockets’ Twitter
- Mail BiggerPockets Support
- Real Estate Deal Analysis and Advice Forum Category
- BiggerPockets Calculators
- BiggerPockets Forums
- BiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian Burke
- BP Podcast 076: Growing Your Real Estate Company Into a $30 Million Dollar Business with Brian Burke
- BP Podcast 152: Building Wealth and Passive Income with Rental Properties with Ben Leybovich, Brian Burke, and Serge Shukhat
- BiggerPockets Webinar
- Keyword Alerts
- Rob Regan’s Website
- BP Podcast 077: Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael Quarles
- Sharon Tzib’s Profile
Before and After Images
- Before
- After Rehab
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
- Investing in Apartment Buildings by Matthew Martinez
- The Millionaire Real Estate Investor by Gary Keller
- The 4-Hour Workweek by Timothy Ferriss
- The One Thing by Gary Keller and Jay Papasan
Tweetable Topics:
- “Once you have that first deal, you suddenly become more legitimate.” (Tweet This!)
- “Once the number makes sense, then we do everything we can to find the yes.” (Tweet This!)
- “Never compromise in your returns.” (Tweet This!)
Connect with Kevin
- Kevin’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
One of the best ways to achieve incredible results in your life is to model others who have succeeded before. At least- that’s how our guest today was able to do over 100 deals- all before his 28th birthday! Today Matt Aitchison shares his story of overcoming a rough past and how he used real estate to define an incredible future. This powerful show is slammed packed with actionable tips and tactics that YOU can use, right now, in your business to increase your net worth through real estate investing! This show is bound to go down in the books as one of the greatest shows in BiggerPockets history!
In This Episode We Cover:
- How Matt learned to invest as a child!
- Matt’s first deal – that made him $100,000
- Teaching your kids about real estate investing
- Building a sizable real estate team
- How Matt “models” others to achieve success
- How to attract a mentor
- The importance of “showing up“
- What makes a good wholesaler?
- The creative strategy Matt uses to buy properties for $0 out of pocket!
- How to vet a borrower if you are the lender
- How Matt handle the phone leads in his business
- Hiring an intern to replace your day-to-day tasks
- The actual response and conversion rates Matt gets from direct mail
- And SO much more!
Links from the Show
- New PRO Feature: Keep Track of Colleagues Through Lists! (forum post)
- BiggerPockets Pro
- BiggerPockets Calculators
- BRRRR Strategy
- Grays Harbor HomeBuyers
- GoBundance
Books Mentioned in this Show
- The Book on Tax Strategies for the Savvy Real Estate Investorby Amanda Han and Matt MacFarland
- Rich Dad Poor Dad by Robert Kiyosaki
- Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
- The ABCs of Real Estate Investing by Ken McElroy
- Essentialism: The Disciplined Pursuit of Less by Greg McKeown
- The One Thing by Gary Keller and Jay Papasan
Tweetable Topics:
- “If you’re not keeping score you’re just practicing.” (Tweet This!)
- “Life rewards the people who show up everyday.” (Tweet This!)
Connect with Matt
- Matt’s BiggerPockets Profile
- Matt’s Facebook Profile
- Matt’s Company Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What’s it truly take to go from beginner to advanced in real estate? On this episode of the BiggerPockets Podcast, we sit down with Steve Mills, who shares exactly how he was able to overcome a bad first deal, find mentors, work with a partner, and eventually do more than four hundred real estate deals! This show is both highly motivating and informative and will definitely leave you with some great nuggets that you can use in your business to buy more real estate and have more fun doing it!
In This Episode We Cover:
- Where Steve comes from and a discussion about Detroit
- How he got into real estate
- The entrepreneurial mindset
- Why you should educate yourself
- What his first deal looked like
- The importance of using bad deals as a learning experience
- Thoughts on selling via a land contract
- Why Steve chose wholesaling
- Details on his first wholesale deals
- How to negotiate your way to getting deals
- What you should know about zoning
- How to understand a lead
- Functional obsolescence
- Changing strategies as your business grows
- A discussion on commercial real estate
- How to find the confidence to do deals
- And SO much more!
Links from the Show
- BP Podcast 093: 0 to 400 Deals (in 5 Years!) via Smart Marketing with Erik Stark
- BiggerPockets Forums
Books Mentioned in this Show
- Think and Grow Rich by Napoleon Hill
- Rich Dad Poor Dad by Robert Kiyosaki
- Psycho-Cybernetics by Maxwell Maltz
Tweetable Topics:
- “Real estate allows so much opportunity and growth in life.” (Tweet This!)
- “Having a group and joining one created a confidence in me.” (Tweet This!)
- “You can’t go acting broke and talking money.” (Tweet This!)
Connect with Steve
- Steve’s BiggerPockets Profile
- Steve’s Facebook
- Steve’s LinkedIn
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Having a full-time job can make investing in real estate tough. However, with the right systems, people, and plan, your business can thrive no matter how few hours you have to dedicate towards it! In this episode of the BiggerPockets Podcast, we sit down with Bill Allen, a navy pilot who’s done just that in a very short time. We talk about hiring your first employee, finding good deals, using low down payment loans to fund your deals, and a lot more. If you are looking to make your real estate business launch into the stratosphere, don’t miss a moment of this show!
In This Episode We Cover:
- What Bill does aside from being active duty in the U.S. Navy
- How he got into the real estate world
- The importance of being able to walk away from a house
- What you should know about the housing assistance program
- His $185k loss in an investment
- The difference between buying rentals and buying primary residences
- His first investment property
- What exactly a VA loan is
- How he uses VA loans creatively to finance his investing
- How to treat real estate as a business
- Mistakes on his first flip and what he could have done better
- How Bill got private money despite not having deals under his belt
- Tips for flipping while having a full time job
- How to structure your business to maximize the potential in your market
- Considerations while hiring your first employee
- The importance of setting task lists
- How to incentivize those you hire
- How many deals has Bill done
- Thoughts on diversifying your business
- Tips for creating a good website
- How to funnel your leads
- And SO much more!
Links from the Show
- The BiggerPockets Team
- House Hacking 101
- WordPress
- ThemeForest
- BP Podcast 144: Getting Out of Your Comfort Zone and Kicking Butt at Real Estate with Danny Johnson
- BP Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan
- BP Podcast 077: Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael Quarles
Books Mentioned in this Show
- The Book on Investing with Low or No Money Downby Brandon Turner
- The Book on Flipping Housesby J. Scott
- The 4-Hour Workweek by Timothy Ferriss
- Flipping Houses Exposed by Danny Johnson
- The Bogleheads’ Guide to Investing by Taylor Larimore
- The Millionaire Next Door by Thomas J. Stanley
- The One Thing by Gary Keller and Jay Papasan
Tweetable Topics:
- “It’s not emotional. I buy it as an investment property.” (Tweet This!)
- “If they can do it, I can do it.” (Tweet This!)
- “Know what the value of something is before you pay for it.” (Tweet This!)
Connect with Bill
- Bill’s BiggerPockets Profile
- Bill’s Personal Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
No one likes paying taxes, so let’s talk about how you can pay FAR less to the IRS! On today’s show, we sit down with real estate investor and CPA Amanda Han, the author of the brand new book The Book on Tax Strategies for the Savvy Real Estate Investors. In this powerful (and fun!) interview, you’ll learn about the biggest tax mistakes investors make when setting up — and running — their real estate business. This interview could literally save you thousands of dollars! Dig in!
In This Episode We Cover:
- The new book that will help you save money
- Who Amanda Han is and how she became CPA to an investor
- Why the Tax Code is a language on its own
- The importance of working with a CPA in regard to the Tax Code
- The big list of people who screw up their taxes
- Getting the right legal entity on the first deal
- The two things to ask your CPA
- Legitimate tax deductions you should know
- Getting deductions from equipment
- What you should know about the home office deduction
- Other neglected deductions
- A discussion on income shifting
- Why you need to make sure you keep receipts
- How to figure out if an activity is deductible through a CPA
- Important retirement strategies
- What you should know about self-directed investing
- The basics of a 401(k)
- The tax deferred and leverage concepts all rolled into one
- Tips for getting benefits from depreciation
- Entities and mistakes people make with them
- How having corporations save on tax
- Why you need proactive planning
- And SO much more!
Links from the Show
- BP Podcast 049: Real Estate Tax Tips, Jokes, and Loopholes With Amanda Han
- BP Podcast 011 : The Ultimate Beginner’s Podcast For Real Estate Investors
- BiggerPockets Podcast
- SenseFinancial
- 4 Depreciation Tax Mistakes Investors Need to Avoid
- BiggerPockets Webinar
- BiggerPockets Store
- BiggerPockets Forums
Books Mentioned in this Show
- The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland
- Rich Dad Poor Dad by Robert Kiyosaki
- The 4-Hour Workweek by Timothy Ferriss
Tweetable Topics:
- “Within the Tax Code, there are a lot of loopholes.” (Tweet This!)
- “As long as you can show that it is necessary for your business, it should be a tax reduction.” (Tweet This!)
- “Depreciation is not a choice.” (Tweet This!)
Connect with Amanda
- Amanda’s BiggerPockets Profile
- Amanda’s Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
A lot of people make good income from their jobs, but few are able to turn that income into lasting, generational wealth. That’s why we’re super pumped to bring you this interview with professional football player Ryan Broyles. Ryan shares the strategies he used to turn the money made from football into rental properties that will provide for his future for decades to come. Ryan candidly talks about the creative strategies he’s used to pull off some impressive deals, the keys to working with partners, living life on a budget, and more. This episode is bound to change your outlook on investing, whether you are a football fan or not!
In This Episode We Cover:
- Who Ryan Broyles is
- A mandatory discussion on the NFL (and the Broncos!)
- Why he got into real estate investing
- Ryan’s first deals
- What exactly “legacy income” is
- How to avoid bankruptcy after a career
- Thoughts on lobbying for the rookie symposium
- How to know if you can trust a potential partner
- How to do your homework when investing with a partner
- What it was like when he was a first-time landlord
- Why you shouldn’t overthink making deals
- How Ryan manages via an LLC
- What you should know about bulk deals
- How he buys houses
- Why you should mix cash flow and appreciation
- The importance of continuous learning
- A micro way of thinking about budgeting
- A discussion on living within your means
- A look at Ryan’s blueprint
- What to do when you reach your goals
- Why you should have a “unit perspective” in real estate
- What Ryan’s long term plan looks like
- And SO much more!
Links from the Show
- Josh’s Twitter
- BiggerPockets Forums
- BiggerPockets Twitter
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- Investing For Dummies by Eric Tyson
Tweetable Topics:
- “You can keep exploring real estate your whole life.” (Tweet This!)
- “If I don’t get the best deals, I’m not going to take them because I’m already where I want to be.” (Tweet This!)
Connect with Ryan
- Ryan’s Website
- Ryan’s Twitter
- Ryan’s Facebook
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today on the BiggerPockets Podcast, we sit down and chat with Stefanie Marshall, an investor from Northern California who has flipped more than 50 properties in the last five years, all while working a job as an accountant! In this powerful (and hilarious) interview, Stefanie shares how she jumped into the flipping game, how she managed to purchase a property in California for just $30,000, the sad story of losing $100,000 on a single flip, and how she bounced back to create an impressive flipping empire! Don’t miss a second of this fun, informative (and often sarcastic) episode!
In This Episode We Cover:
- What Stefanie does in real estate
- How she got started
- How she completed 60 deals in a span of five years
- Tips for investing while having a day job
- How she started without knowing much and ended up being saved by a contractor
- Thoughts on finding a good partner
- Some of Stephanie’s deals that went wrong
- Where is the line when doing a price reduction
- What to do when something goes wrong in the middle of a flip
- Why you anticipate “I don’t know what’s going wrong” expenses
- Where she currently invests and what the market is like
- The minimum profit she tries to shoot for
- How a flat fee listing works
- The importance of being represented well in a deal
- How she finds deal through auctions
- What cash for keys is
- How to research properties before going to an auction
- How she finds deals today
- The female perspective on investing
- Thoughts on having a team and building systems
- And SO much more!
Links from the Show
- Auction.com
- BP Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
- You know you’re a Female Investor when… [Forum thread]
- BiggerPockets Forums
- BP Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber
- BiggerPockets Press
Books Mentioned in this Show
- The Book on Investing with No and Low Money Down by Brandon Turner
- The Book on Rental Property Investing by Brandon Turner
- The Book on Flipping Houses by J. Scott
- FLIP: How to Find, Fix, and Sell Houses for Profit by Rick Villani
- Rich Dad Poor Dad by Robert Kiyosaki
- The E-Myth Revisited by Michael Gerber
- The 10X Rule by Grant Cardone
Tweetable Topics:
- “Everything does not have to be always bigger and better.” (Tweet This!)
- “Your first loss will be your smallest loss.” (Tweet This!)
Connect with Stefanie
- Stefanie’s BiggerPockets Profile
- Stefanie’s Company Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Anyone can buy a house. However, it takes a special kind of business (and business owner) to buy dozens of deals every year. That’s the story on today’s episode of the BiggerPockets Podcast, when we sit down with Nathan Brooks to talk about how he went from casual investor to buying nearly sixty deals last year. You’ll learn the key hires that made this transition possible, the process for hiring the perfect team members to work your systems, Nathan’s story of bringing in a partner to help scale, and so much more. If you are looking to really expand your business through partners, employees, and processes, dive into this powerful episode!
In This Episode We Cover:
- Nathan’s beard, the bear from The Revenant
- A recap of his last show
- The importance of sitting down with your mentor
- How to diversify your income streams
- Why he started his own property management company
- The companies he’s worked with before
- How to avoid working with the wrong company
- Nathan’s current number of employees
- How he builds systems within his business
- How to figure out what you’re good and bad at
- What you should know about partnerships and finding the right people to work with
- How Nathan’s hiring process works
- How to know who to hire first
- The time value of money
- How to relay a process to an assistant
- The importance of creating one-pager how tos
- What exactly lifestyle design means
- Whether it’s really possible to step away from work for six months
- How to figure out your freedom number
- One thing that made a huge impact on his business in the past few years
- Why he keeps on learning and learning
- And SO much more!
Links from the Show
- $140,805.92 profit on our first flip…Thank you Bigger Pockets! [forum post]
- Evernote
- BP Podcast 087: How to Thrive After The Collapse of a Real Estate Empire with Nathan Brooks
- BP Podcast 146: Buying 100+ Units Through Word of Mouth Marketing with Enrique Jevons
- BP Podcast 151: Finding Your “Freedom Number” with Clayton Morris
Books Mentioned in this Show
- The Book on Investing with No and Low Money Down by Brandon Turner
- The 4-Hour Workweek by Timothy Ferriss
- 6 Months to 6 Figures by Peter Voogd
- No Hero by Mark Owen
- The Book on Rental Property Investing by Brandon Turner
- The Millionaire Real Estate Investor by Gary Keller
- Good to Great by Jim Collins
Tweetable Topics:
- “Don’t focus on your weaknesses, focus on your strengths.” (Tweet This!)
- “There’s always a person who’ll appreciate whoever you are and ride the rollercoaster with you.” (Tweet This!)
Connect with Nathan
- Nathan’s BiggerPockets Profile
- Nathan’s BiggerPockets Blogs list
- Nathan’s Company Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Great real estate deals can be hard to find in a competitive market. So how do some investors manage to find multiple deals every month? That’s the focus of today’s show, where we sit down with active real estate entrepreneur Jeff DeCarlo as he shares his step-by-step blueprint for getting hundreds of leads from motivated sellers! You’ll love the “extra mile” Jeff goes to ensure his real estate pipeline never dries up!
In This Episode We Cover:
- What Jeff did before he started investing
- How he was laid off during the crash
- The first wholesale deal he completed
- How he learned things that courses don’t teach
- The details of Jeff’s first deal
- What transactional funding is
- What investors should know about wholesaling
- Two different ways to close deals when wholesaling
- The costs involved in wholesaling deals
- Great tips for getting a mentor
- The main focus of Jeff’s business today
- How to wholesale 4 deals per month
- What to do when problems arise
- How to stay in control of your deal
- The strategies he uses to invest
- What you should know about direct mail marketing
- What to do with bad addresses
- How Jeff puts together his mailing list
- How to get deals despite being the “smaller guy”
- The difference between those who persist and those who don’t
- Tips for estimating repairs
- A discussion on partnering with other wholesalers
- And SO much more!
Links from the Show
- BiggerPockets Courses
- Intelius
- BiggerPockets Webinar
- Vumber
- Podio
Books Mentioned in this Show
- Pitch Anything by Oren Klaff
- The Book on Flipping Housesby J. Scott
- The Millionaire Real Estate Investor by Gary Keller
- The 10X Rule by Grant Cardone
Tweetable Topics:
- “If you never get to your first deal, you will never figure stuff out.” (Tweet This!)
- “The experience is worth more than even getting that big first cheque.” (Tweet This!)
Connect with Jeff
- Jeff’s BiggerPockets Profile
- Email Jeff
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
He was clinically dead for six minutes. No heartbeat. No sign of life. But Hal Elrod came back from this devastating event and has impacted millions in the process through his bestselling book, The Miracle Morning. Today on the BiggerPockets Podcast you’ll hear Hal’s full story, from the drunk driver that nearly ended everything to the lessons he learned that completely revolutionized his life. Hal’s story — and his advice on reaching your full potential — is sure to rock your life and leave you forever changed for the better. No matter what stage of your real estate investing business you find yourself in today, this show is about to help you get to the next level. Hang on tight!
In This Episode We Cover
- How to raise your potential for success
- Who Hal Elrod is
- Hal’s devastating accident
- The first book he wrote
- Details on his second book and why he started doing his morning ritual
- Why he was depressed to the point of losing his house
- The Morning Rituals
- The 6 most powerful proven personal development practices
- How much sleep do we really need?
- The S.A.V.E.R.S. — and why you should let this guide your morning
- Two forms of meditation
- Potential problems with affirmation and how to do it right
- How to realize the things that you are and are not in control of
- The two parts of visualization
- Why there’s magic in putting pen to paper
- How to change your life beyond just the financial
- How to apply these learnings to your life as an investor
- And SO much more!
Links from the Show
- BiggerPockets Keyword Alerts
- BP Podcast 005: Dealing with Death – A Financial Discussion with CFP Neal Frankle
- Forbes
- FastCompany
- Oprah
- SmartPassiveIncome
- The Rudder of the Day (blog)
- Omvana
- 7-Minute Workout App
- The Five-minute Journal
- The Miracle Morning Community (Facebook Group)
Books Mentioned in this Show
- The Miracle Morning: The Not-So-Obvious Secret Guaranteed to Transform Your Life (Before 8AM) by Hal Elrod
- Taking Life Head On! by Hal Elrod
- The Miracle Morning for Real Estate Agents by Hal Elrod
- The Miracle Morning for Salespeople by Hal Elrod
- The Miracle Morning for Network Marketers by Hal Elrod
- Rich Dad Poor Dad by Robert T. Kiyosaki
- The 4-Hour Workweek by Timothy Ferriss
- The ONE Thing by Gary Keller
- Peaceful Parent, Happy Kids by Dr. Laura Markham
- The Miracle Morning Journal by Hal Elrod
- The 10X Rule by Grant Cardone
- 10x Planner By Grant Cardone
- The Millionaire Fastlane by MJ DeMarco
Tweetable Topics:
- “Your level of success will seldom exceed your level of personal development.” (Tweet This!)
- “Start your day with peaceful, purposeful silence.” (Tweet This!)
- “Win the morning and you win the day.” (Tweet This!)
Connect with Hal
- Hal’s Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On this episode of the BiggerPockets Podcast, we sit down with Mark Spidell, an investor from the great state of Colorado, to discuss how he uses real estate to engineer his ideal lifestyle! We talk about partnering with family, investing out-of-state, buying small commercial buildings, owning vacation rentals, and much, much more! Not only will this episode entertain and inform you, it will also help you clarify your own investing plan so you can begin engineering your own perfect lifestyle!
In This Episode We Cover:
- How Mark got started through ADU
- Why he went the vacation rental route
- Where he currently invests
- The benefits of lifestyle-focused investing
- Tips for people with families
- The qualitative and quantitative parts of his investing
- What he’s learned from his first investments
- How he weathered the market crash
- How he was able to buy more after the crash
- Tips for investing in commercial deals
- How he financed his commercial property
- A commercial banker’s perspective on applying for loan
- The difference between commercial and residential financing
- How to minimize risk on commercial property
- The benefits of investing in commercial real estate
- Why you should ask for help from attorneys when drawing up leases for commercial property
- The ins and outs of being a landlord for commercial real estate
- How to successfully mix commercial property and vacation rentals in your portfolio
- How to find out what you’re good at and figure out which investing path to take
- The art of lifestyle engineering
- And SO much more!
Links from the Show
- BiggerPockets’ Rental Property Portfolio Tracker
- BP Podcast 076: Growing Your Real Estate Company Into a $30 Million Dollar Business with Brian Burke
- BiggerPockets Webinar
- BiggerPockets Calculator
- BP Podcast 152: Building Wealth and Passive Income with Rental Properties with Ben Leybovich, Brian Burke, and Serge Shukhat
- Be a guest on the podcast
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert T. Kiyosaki
- Rich Dad’s CASHFLOW Quadrant by Robert T. Kiyosaki
- Schweser Notes for the 2011 CFA Exam Level 1 Book 3: Financial Reporting and Analysis
Tweetable Topics:
- “Commercial real estate is valued based on the income of the property.” (Tweet This!)
- “If you want the freedom, real estate could help you, but make sure you are doing it for the right reasons.” (Tweet This!)
Connect with Mark
- Mark’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Boom! Prepare to be blown away by this unbelievable interview with an investor who’s gone from nothing to more than 200 deals in just five years! You’ll learn how Sharad was able to find great deals, finance those deals, and build an investment portfolio that continues to grow no matter where lives or travels in the world. This show is one of the most humorous and most enlightening shows ever recorded on the BiggerPockets Podcast, so why are you still reading this? Listen to the show!
In This Episode We Cover:
- The story behind the $5,000 scholarship cheque
- How Sharad’s love for saving money led him to buy his first property
- Why he values bigger goals in life
- The importance of focusing on the things that matter
- The details of his first investment property
- How he figured out what he wanted to do as real estate investor
- How to start out without any formal education in real estate
- Whether you should buy inexpensive properties or not
- What A, B, and C-properties are
- Why he invests in his area now
- The importance of talking to local people to get a feel for the market
- How he bought $65,000 worth of property with just $17,000 cash
- How Sharad uses his time to find and analyze deals
- A call simulation that’ll teach you how to achieve the bottom line
- How to keep a good relationship with an agent
- How many deals he has done
- Sharad’s views on turnkey properties
- The benefit of having 48 properties for rental free and clear
- How he keeps his real estate business as simple as possible
- Sharad’s role within his business
- How his business works and how he automates it
- How to trust your contractors
- How to get discounts from Home Depot
- And SO much more!
Links from the Show
- From $80k in Credit Card Debt to 100+ Deals with Glenn and Amber Schworm
- Auction.com
- WaitButWhy
Books Mentioned in this Show
- The Millionaire Real Estate Investor by Gary Keller
- The Book on Rental Property Investing by Brandon Turner
- The Book on Investing with No or Low Money Downby Brandon Turner
- Start Something That Matters by Blake Mycoskie
- Elon Musk: Biography of a Self-Made Visionary, Entrepreneur and Billionaire by B Storm
Tweetable Topics:
- “You have to make some sacrifices to achieve bigger goals in life.” (Tweet This!)
- “If you are motivated enough, you will get anything done — no matter what.” (Tweet This!)
- “It all comes down to numbers. If the numbers make sense, I’ll buy it.” (Tweet This!)
Connect with Sharad
- Sharad’s BiggerPockets Profile
- Sharad’s Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Finding deals in your own backyard can be tough — but today we’re talking to a guest who finds incredible deals from across the country! Bob Couture joins us today to tell us his inspiring story of starting out with several “failed” flips, finding a partner, using crowdfunding, and much more. This show is jam packed with actionable tips and tricks for real estate investing, whether the deals are in your backyard or across the world!
In This Episode We Cover:
- Where Bob is from and where he currently invests
- Why Bob’s strategy is investing at a distance
- The importance of a “boots on the ground” partnership
- How he got started investing in real estate
- The details of his first deal
- How he became an accidental landlord
- How to put properties under a blanket loan
- How a bad deal can end up a great flip!
- The number of flips he has done
- Things to know when investing with a partner
- How to set up a direct mail business
- Who he is targeting in his marketing campaigns
- Why you might hire people to do driving for dollars
- His take on getting a real estate license
- How to find people you can trust
- Tips for overcoming the fear of starting out
- How he inspects properties
- Tips for making deals over the phone
- How he finances deals
- A discussion on crowdfunding
- And SO much more!
Links from the Show
- Be a Guest on the Podcast
- FundThatFlip.com
Books Mentioned in this Show
- The Millionaire Real Estate Investor by Gary Keller
- The Book on Rental Property Investing by Brandon Turner
- Secrets of Closing the Sale by Zig Ziglar
- The Miracle Morning by Hal Elrod
Connect with Bob
- Bob’s BiggerPockets Profile
- Bob’s Website
- Bob’s LinkedIn
- Email Bob
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s episode of the BiggerPockets Podcast, we are excited to bring you an interview with a prolific investor (and author of one of the world’s biggest real estate books, HOLD: How to Find, Buy, and Rent Houses for Wealth), Linda McKissack! Linda currently owns 108 single family homes — but she didn’t start out that way. Learn how Linda discovered the power that real estate can have on a lifestyle and the mindset needed to make your dreams a reality. This show will blow you away with Linda’s honesty, integrity, and story of excellence. Don’t miss a second of it!
In This Episode We Cover:
- Who Linda is and how she started investing with huge debt
- The size of her portfolio
- Why she dropped out of college to become an entrepreneur
- How she bought property without money or good credit
- A look at financing back in the ’80s
- How to recession-proof your life
- A discussion on speculation vs. investing
- How every market is different
- What her freedom number is
- How to get deals by helping others build wealth
- Partnerships and whether newbies should seek them out
- Why freedom means having options
- The importance of taking the next step and avoiding analysis paralysis
- Linda’s formula for finding good deals
- How to figure out the best criteria for you
- What keeps her continuing to invest despite reaching her goals
- Tips for forming a team
- And SO much more!
Links from the Show
- Be a Guest on the Podcast
- Finding Your “Freedom Number” with Clayton Morris
Books Mentioned in this Show
- HOLD: How to Find, Buy, and Rent Houses for Wealth by Steve Chader
- Brandon Turner’s The Book on Investing with No or Low Money Down
- Rich Dad Poor Dad by Robert Kiyosaki
- Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki
- The ONE Thing by Gary Keller and Jay Papasan
- Building Wealth One House at a Time by John Schaub
- The Millionaire Real Estate Investor by Gary Keller
- The Book on Rental Property Investing by Brandon Turner
Tweetable Topics:
- “If you do the right activities, the money shows up.” (Tweet This!)
- “The more money you make, the more options you have and the more good things you can do.” (Tweet This!)
Connect with Linda
- Linda’s BiggerPockets Profile
- Linda’s Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How would you like to own ten, fifty, or a thousand rental units? That’s the topic of today’s podcast roundtable with three previous guests of the BiggerPockets Podcast, Ben Leybovich, Brian Burke, and Serge Shukhat. These three investors have three very different business models, and in this fascinating discussion, each shares how they use rental properties to build wealth and passive income. We discuss (and debate) every aspect of the investor’s journey — all in an effort to help you succeed! We also discuss the big dangers rental investors face and how YOU can avoid those problems! Don’t miss this incredibly powerful episode with three fun, smart, and successful rental property investors!
In This Episode We Cover:
- Where is the rental market headed?
- Is planning for appreciation useless? (Debate!)
- What mistakes do new investors make?
- Overcoming challenges to investing in TODAY’S market
- Is it too late for newbies to buy rental properties?
- The best “single tip” from each panelist for newbies
- And SO much more!
Links from the Show
- BP Podcast 014 : Cash Flow, Creative Finance, and Life with Ben Leybovich
- BP Podcast 061:How to Succeed in Multifamily Investing – A Unique Conversation with Josh, Brandon, and Ben
- BiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian Burke
- BP Podcast 076: Growing Your Real Estate Company Into a $30 Million Dollar Business with Brian Burke
- BP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat
- BP Podcast 131: Investing in Multifamily Properties in a HOT Real Estate Market with Serge Shukhat
Books Mentioned in this Show
- The Book on Rental Property Investing by Brandon Turner
- The Book on Managing Rental Properties by Brandon & Heather Turner
- Brandon Turner’s The Book on Investing with No or Low Money Down
Connect with The Panel
- Brian Burke’s BiggerPockets Profile
- Brian’s website
- Ben Leybovich’s BiggerPockets Profile
- Ben’s website
- Serge Shukhat’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
For some, the goal of real estate is to make tens of millions of dollars. For others, like today’s guest, it’s a way to finance an incredible life. Today’s guest, Luke Swab, shares with us his story of designing his lifestyle through real estate and how you can do the same. Luke’s story will take you from the wild waters of Alaska to a motorcycle trip through Africa to the streets of Michigan real estate and more! Don’t miss this incredible honest, humorous, and informative episode!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today on the BiggerPockets Podcast, we’re excited to sit down with an individual many people already know from television, radio, and the newspaper — Clark Howard. Besides being a nationally-syndicated radio and TV star, Clark Howard is also a real estate investor who has a unique outlook on the way real estate should fit into your financial picture, as well as numerous tips on avoiding scams, finding great locations to invest in, and much more! Don’t miss a second of this powerful episode!
In This Episode We Cover:
- Who TV and Radio Personality Clark Howard is
- How he went from a beach bum to financially free
- His job at the radio station
- His investing portfolio
- A story about the real estate bust
- How he bought properties through the bust (2011)
- How to not get into the “investing hysteria“
- Why you should avoid the “dare to be rich” pitch
- What the “smell test” is
- Why there’s no one magical way to invest
- Why understanding the local market is crucial
- How to farm neighborhoods
- Why you need to have a purpose behind how you’re investing
- Tips for investing in general
- And SO much more!
Links from the Show
- BiggerPockets Analysis Tools
- Podcast Guesting
- Vanguard
Books Mentioned in this Show
- 100 Questions Every First-Time Home Buyer Should Ask by Ilyce R. Glink
- Buy, Close, Move In! by Ilyce R. Glink
- The Wealthy Barber, Updated 3rd Edition by David Chilton
- The Power of Habit by Charles Duhigg
Tweetable Topics:
- “It’s part of who we are that we want to believe in miracle stories.” (Tweet This!)
Connect with Clark
- Clark’s Website
- The Clark Howard Podcast
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How do you build up a sizable real estate portfolio when you live in one of the most expensive cities in America? That’s the topic we dive into today on the BiggerPockets Podcast with guest Nazz Wang. Nazz has gone from 0 to 51 units in the past several years, both local in California and across the country. You’ll learn how Nazz overcame a bad first investing experience to find her niche in “lazy real estate investing” and how you can do the same!
In This Episode We Cover:
- Who is Nazz and how she’s been investing for 10 years now
- How she got started through house hacking
- How she acquired the mindset of a landlord back in college
- Nazz’s first property — and her first big mistake
- How neglecting the cash flow analysis ended up costing her
- The issues surrounding owning condo units
- How to discover and thrive in your niche
- How many units she currently has
- The problem with HOAs
- How she bought in the Midwest to maximize cash flow
- A discussion about property appreciation (are there any indicators?)
- Speculation vs. buying things you can afford to keep
- How Nazz educated herself in real estate
- Her experience investing as a woman
- How she finds, finances, and manages properties outside of her area
- How to establish a pipeline to make investing easier
- The benefits of the BRRRR strategy
- How to manage property managers
- And SO much more!
Links from the Show
- Turning “Weird” Properties Into Cash-Flowing Monsters with Johnny Youssef
- BRRRR Strategy
- Investing in Rental Properties When Your Local Area is Too Expensive With Mehran Kamari
- Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
- 7 Ways to Find Incredible Real Estate Deals with Chad Carson
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- Dune by Frank Herbert
Tweetable Topics:
- “I would never pay money to lose money.” (Tweet This!)
Connect with Nazz
- Nazz’ BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Sometimes to find success, you have to think outside the box! That’s why today on the BiggerPockets Podcast we’re excited to bring you an interview with Johnny Youssef, a young investor who has found clever ways to turn properties that no one else wants into cash flowing monsters. You’ll be inspired and motivated after hearing Johnny’s story, as well as his philosophy of using “financial freedom” to help others. Don’t miss a second of this powerful show!
In This Episode We Cover:
- Thoughts on this year’s epic battle: the Mets vs. the Royals
- Who Johnny is and how he started investing during college
- How he got his real estate license early to get the commissions
- How he managed 7 properties from a young age
- The importance of understanding and helping your market
- Thoughts on how to fund a property
- Insight into the question: To have a real estate license or not?
- How to start out in real estate with no money
- Why the first property he bought was a duplex
- How to use the same money to keep your business growing
- A look at Johnny’s current portfolio
- Big mistakes people make in hiring employees
- The level of finish you should aim for when flipping properties
- How to tenant-proof your properties
- What is he currently looking at right now
- The importance of thinking outside of box when investing
- Johnny’s thoughts on flips vs. rental properties
- How to manage vacancies
- Tips for new investors
- And SO much more!
Links from the Show
- BiggerPockets Youtube
- A Beginner’s Introduction to Real Estate Investing (Course)
- The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- The E-Myth Revisited by Michael Gerber
Tweetable Topics:
- “Look for something that has equity in it. Make money out of it and start investing in other things.” (Tweet This!)
- “When you’re buying, especially when you are still starting, you’re gonna be emotional about things.” (Tweet This!)
Connect with Johnny
- Johnny’s BiggerPockets Profile
- Johnny’s Personal Blog
- Johnny’s Instagram
- Periscope: @johnnyyou
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Finding deals can be tough in today’s real estate market, but one technique that works in every market is word of mouth marketing! In today’s show, Enrique Jevons shares his story of quitting a 21-year career to become his own boss and build a real estate empire. You’ll learn about finding deals, managing properties, getting your real estate license, and so much more!
In This Episode We Cover:
- How Enrique got into real estate coming from the hotel industry
- How signing checks for the owner opened his mind
- The importance of buying properties at the right time and right price point
- How be obtained a 13-unit apartment complex as his first property
- What you should know about choosing between multi- and single-families
- How he found his first property despite being a newbie
- How to use a HELOC for investing
- His current portfolio of over 100 units
- Enrique’s experience managing 500+ units with his property management company
- How he became the “guy that closes deals”
- How to get leads through word of mouth marketing
- Where Enrique finds deals
- Tips on networking and meeting new investors
- How he finances his deals
- What you should know about presenting yourself to banks
- How he manages his business one problem at a time
- Thoughts on getting a real estate license
- Whether you should consider starting a property management business
- And SO much more!
Links from the Show
- MeetUp.com
- QuickBooks
- GoogleDocs
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- The Book on Real Estate Investing with No Money Down by Brandon Turner
Tweetable Topics:
- “Get as many units as you possibly can under one roof.” (Tweet This!)
Connect with Enrique
- Enrique’s BiggerPockets Profile
- Enrique’s Personal Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On this episode of The BiggerPockets Podcast, we sit down with an investor who’s also a Grammy-nominated musician! Jeremy Jones has been acquiring rental properties in the Seattle metro area for several years, focusing primarily on multifamily investments and supplying him with a stream of passive income. You’ll love both his tactics and mindset and will walk away from this interview with numerous actionable ideas to help take your business to new heights. Enjoy!
In This Episode We Cover:
- A little bit about Jeremy and how he started
- How he got into real estate by chance through his music career
- How to maximize your income by renting by the room
- His first non owner-occupied rental
- What you should know about buying foreclosures
- The BRRRR Strategy and how to use it
- Advice on having a “long term flip“
- A discussion about hard money
- The importance of having exit strategies in mind ahead of time
- The topic of refinancing
- How to develop a criteria for purchasing houses
- How exactly banks and loans work
- REO vs. foreclosure auctions
- How Jeremy uses seller financing
- Where he buys properties and why he keeps them close to home
- How he manages his property and finds great contractors
- And SO much more!
Links from the Show
- Interested in becoming a guest on the BiggerPockets Podcast? Click Here
- Building a Rental Portfolio Through “Long-Term” Flips
- RedFin
- BiggerPockets Forums
Books Mentioned in this Show
- Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki
- The Power of Full Engagement by Jim Loehr
- The Law of Success by Paramahansa Yogananda
Tweetable Topics:
- “If you have comps in mind, you can increase your confidence.” (Tweet This!)
Connect with Jeremy
- Jeremy’s BiggerPockets Profile
- Jeremy’s Personal Website
- Jeremy’s Airbnb Property
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Do you have an “A-type” personality? If not, don’t worry–you can still build wealth through real estate! In this episode of the BiggerPockets Podcast, we talk with Danny Johnson (a real estate investor from San Antonio, Texas) about overcoming fears, age, and inexperience to successfully do more than 200 real estate transactions in the past decade! You’ll love the tips and advice Danny offers, and the role-playing phone call between Danny and Brandon will improve your phone skills with motivated sellers dramatically! Don’t miss this powerful show!
In This Episode We Cover:
- Who Danny Johnson is
- What’s happened with his business in the two years since he’s been on the show
- A better definition of wholesaling
- How to find a buyer you can count on
- How Danny gets his deals
- A call simulation with Danny in action (you don’t want to miss this!)
- The story that starts with a tattoo
- What you should know about buying REO properties
- Tips for people who are just starting out
- Important strategies for effective marketing
- Why it’s all about getting leads
- How to set the right mindset as a real estate investor
- How introverts can get into investing
- How Danny manages to stay in business
- Tips on SEO and setting up a website to get leads
- Cool tools that are free to have in your site
- And SO much more!
Links from the Show
- BiggerPockets Calculators
- BP Podcast 018 : Flipping, Marketing, and Wholesaling with Danny Johnson
- LeadPropeller
- SumoMe
- BiggerPockets Pro Perks
- BiggerPockets Forums
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- The Book on Investing with No or Low Money Down by Brandon Turner
- The Millionaire Real Estate Investor by Gary Keller
- The ONE Thing by Gary Keller
- Flipping Houses Exposed: 34 Weeks In The Life Of A Successful House Flipper by Danny Johnson
Tweetable Topics:
- “People spend all that time and energy in doing marketing but not answering their phone.” (Tweet This!)
- “We still get advice from mentors and everybody should.” (Tweet This!)
- “Until you get to that first deal it’s going so much on faith.” (Tweet This!)
Connect with Danny
- Danny’s BiggerPockets Profile
- Danny’s Blog
- FlippingJunkie Podcast
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On this episode of the BiggerPockets Podcast we sit down with a real estate investor who quit his six-figure full-time job at a Fortune 100 company to pursue his real estate investing dreams. Our guest, Nick Baldo, shares his story of starting with nothing and turning that into a sizable business that both flips and rents houses. Oh, and Nick isn’t even thirty yet! Don’t miss this informative episode of the BiggerPockets Podcast!
In This Episode We Cover:
- How Nick got into real estate
- Where he is currently investing and the typical prices of houses in his area
- How he began flipping houses when he was just 23!
- Where he got his funding
- How he was able to do business with a private money lender
- Lessons learned from the first deals
- The importance of ARV analysis
- Why he took that first step despite the lack of knowledge
- The ins & outs of transitioning from flipping houses to house hacking
- How to handle real estate investing as a business
- How to scale your business by building systems
- The online tools he uses for managing his business
- How to use networking as marketing
- Where Nick’s business is today
- Tips for those who want to quit their jobs and become full time investors
- And SO much more!
Links from the Show
- BP Podcast 142: 22 ½ ACTIONABLE Tips for Beginner Real Estate Investors With Josh and Brandon!
- Podio
- Asana
- Google Drive
- AppFolio
- Buildium
- QuickBooks
- BiggerPockets Keyword Alerts
- BiggerPockets Forums
Books Mentioned in this Show
- FLIP: How to Find, Fix, and Sell Houses for Profit by Rick Villani and Clay Davis
- The Millionaire Real Estate Investorby Gary Keller
- Think and Grow Rich by Napoleon Hill
- Outwitting the Devil: The Secret to Freedom and Success by Napoleon Hill
Tweetable Topics:
- “There are always people with extra money not knowing what to do with it.” (Tweet This!)
- “It’s impossible to get started without your character.” (Tweet This!)
- “We did things as a business that had a 100 rentals would do it.” (Tweet This!)
Connect with Nick
- Nick’s BiggerPockets Profile
- Nick’s Company Website
- Nick’s Blog
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
WARNING: We’re sorry, but there is no way you’ll be able to listen to today’s show without taking MASSIVE ACTION immediately after! Today on the BiggerPockets Podcast, Josh and Brandon bring you 22 (and a half) of their all-time favorite ACTIONABLE tips for building your real estate empire, especially if you’re just getting started. This show will leave you with a serious list of direct, actionable next steps that you can start implementing in your real estate today. Get ready because this show is going to change how you do real estate. You’ve been warned!
In This Episode We Cover:
- The actionable tips to help you take off as a real estate entrepreneur
- Tips for posting on Craigslist
- Why you should analyze 3 deals every single day
- What to look for in a local real estate agent
- A great way to connect with local real estate investors
- Why house-hacking a great strategy for newbies
- The real estate books that matter
- The importance of knowing your credit
- The two phrases to eliminate from your vocabulary
- The importance of giving your agent your criteria
- Why you should consider using yellow letters
- The strategy of walking for dollars
- How to formulate a roadmap for success
- Why flip shows video are great
- How to continue your education in financial literacy
- What podcasts to listen to
- And SO much more!
Download the Whole List (all 22.5!)
Links from the Show
- Craigslist
- BiggerPockets Marketplace
- BiggerPockets Webinar
- BiggerPockets Calculators
- BiggerPockets Meet
- The Best Real Estate Books Ever
- AnnualCreditReport
- CreditKarma
- BiggerPockets Keyword Alerts
- BP Podcast 141: 7 Ways to Find Incredible Real Estate Deals with Chad Carson
- YouNeedABudget
- BiggerPockets Perks
- This Old House TV
- BiggerPockets #AskBP Podcasts
- BiggerPockets Youtube Channel
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- The Total Money Makeover by Dave Ramsey
- The Book on Investing with No or Low Money Down by Brandon Turner
- What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measuresby Frank Gallinelli
Tweetable Topics:
- “Never buy a property when you only analyzed it just in your head.” (Tweet This!)
- “You’re the average of the 5 people you associate the most.” (Tweet This!)
- “Everybody has unfair advantages.” (Tweet This!)
Connect with Brandon and Josh
- Josh’s BiggerPockets Profile
- Brandon’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In today’s busy real estate world, great deals can be hard for investors to find. That is why today we are excited to bring you a special episode of the BiggerPockets Podcast, recorded live at the TradeKing stage at FinCon 2015. In this interview with Chad Carson, you’ll learn his top seven favorite strategies for finding great deals even if your market is overheated! If you need to buy a great deal this year, the show is for you!
In This Episode We Cover:
- What exactly FinCon is
- How long Chad Carson has been investing
- How to find amazing deals
- The importance of knowing what’s important for your niche
- 7 tips for unearthing great investments
- What to look for when driving for dollars
- What you should know about “vacant radar“
- Why you should connect with experienced investors
- How to use Craigslist to find deals
- Tips for making successful phone calls
- How many units Chad currently has
- How to stay smart while using the MLS
- What exactly “referral prospecting” is
- The importance of keeping a good reputation
- How to use direct mail to find deals
- Why one might choose to let go of a property
- What you should know about guerrilla marketing
- And SO much more!
Links from the Show
- BP Podcast 084: Getting Started with Creative Finance and Designing Your Ideal Lifestyle With Chad Carson
- BiggerPockets Forums
- Ultimate Beginner’s Guide to Real Estate Investing
- BiggerPockets Webinar
- Brandon’s rental property that was on fire
- BiggerPockets Forum Categories (including local sub forums)
- Hustle: The Single Most Important Factor to Finding Real Estate Deals (blog post)
- BiggerPockets Blog
Books Mentioned in this Show
- The Warren Buffett Wayby Robert G. Hagstrom
- What They Don’t Teach You at Harvard Business School by Mark H. McCormack
- The Book on Investing with No or Low Money Down by Brandon Turner
Tweetable Topics:
- “Real estate is like being an athlete—every single day you train and lift in order to perform well.” (Tweet This!)
Connect with Chad
- Chad’s BiggerPockets Profile
- Chad’s BiggerPockets Blogs
- Chad’s Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Real estate investing is a BIG field, and there are hundreds of ways to build wealth. However, according to our guest today, the riches are in the niches! On today’s show we sit down with Bill Syrios, an investor from Oregon who specializes in the incredibly lucrative field of student housing (as well as numerous other niches!). You’ll learn how he transformed an early real estate setback into a business that owns hundreds of properties in multiple states!
In This Episode We Cover:
- Times when the Syrios family has been on the BP Podcast!
- How Bill got started in investing
- What the interest rates were like in 1980
- What kept him going despite market crashes and failures
- How to treat your real estate investing as a business
- The importance of becoming an expert in a niche market
- How he got started investing in student housing
- The pros and cons of student housing
- Tips for handling student turnover
- What you should know about finding a property manager for these properties
- What Loan Care Services is
- How to deal with difficult rental situations
- Important legal restrictions for campus properties
- The details on a 48-unit fraternity house renovation
- Bill’s current portfolio and the states he invests in
- The concept of giving over ownership
- And SO much more!
Links from the Show
- BiggerPockets Meet
- BiggerPockets Forums
- BP Podcast 121: Creating the IDEAL Real Estate Investing Business with Andrew and Phillip Syrios
- Ultimate Beginner’s Guide to Real Estate Investing
- Airbnb
- BRRRR Strategy
- BP Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan
Books Mentioned in this Show
- The Everything Landlording Book: An All-in-one Guide To Property Management by Judy Tremore
- Good to Great by Jim Collins
- Built to Last by Jim Collins
- 7 Habits of Highly Effective People by Stephen R. Covey
- The 8th Habit by Stephen R. Covey
- First Things First by Stephen R. Covey
- The Millionaire Real Estate Investor by Gary Keller
- The ONE Thing by Gary Keller and Jay Papasan
- The Black Swan by Nassim Nicholas Taleb
- Outliers: The Story of Success by Malcom Gladwell
- The Tipping Point by Malcolm Gladwell
- What Got You Here Won’t Get You There by Marshall Goldsmith
- Triggers: Creating Behavior That Lasts by Marshall Goldsmith
- Profit by Investing in Student Housing by Michael Zaransky
- Smart Essentials For College Rentals by Dan Gooder Richard
Tweetable Topics:
- “Even if you only own one property from day one, you treat it as a business.” (Tweet This!)
- “Every business, every niche has an obstacle.” (Tweet This!)
- “That’s where real estate investing starts—it starts with a great deal.” (Tweet This!)
Connect with Bill
- Bill’s BiggerPockets Profile
- Bill’s son, Andrew’s BP Blog (He’s the writer!)
- Bill’s Company Website: StewardshipProperties.com
- Another Niche Website: StewardshipCapital
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Many people struggle to get started, especially when they live in an expensive market. That’s why today on the BiggerPockets Podcast we’re excited to bring you this interview with a newer investor who’s figuring out how to make a passive investment business despite living in one of the most expensive cities in America. You’ll learn how Fat Tony (yes, that’s really what he goes by!) invests in out-of-state deals and how mindset has played a major role in his early success.
In This Episode We Cover:
- Who is Fat Tony, and what’s with the name?
- How he got started in real estate investing
- Why it all starts with changing your mindset
- The value of continuing education
- His first deal: a short sale
- Whether it’s worth it to look into condos
- How to start doing the things you need to do
- The importance of tracking your net worth
- Why you should view real estate as a long term play
- What it takes to successfully invest out of state
- The importance of working with people who you can trust
- Why all investors should have cash reserves
- Why Tony believes in buying site unseen
- The worth of his properties today
- Tips for finding people who share the same mindset
- And SO much more!
Links from the Show
- Want to be our sponsor? Email here
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Podcast
- BP Podcast 134: Creative Finance and Gaining a Millionaire Mindset with Pro BMX Rider Terry Adams
- The Secret
- BP Podcast 004: Commercial Real Estate Investing With Frank Gallinelli
Books Mentioned in this Show
- Brandon Turner’s Investing With No or Low Money Down
- Secrets of the Millionaire Mind by T. Harv Eker
- Rich Dad Poor Dad by Robert T. Kiyosaki
- What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measuresby Frank Gallinelli
- The 4-Hour Workweek by Timothy Ferriss
Tweetable Topics:
- “I’m a businessman, not a handyman. And I’m okay with that.” (Tweet This!)
- “There’s gotta be a way. Other people are doing it. I just need to figure out the way.” (Tweet This!)
Connect with Fat Tony
- Fat Tony’s BiggerPockets Profile
- Fat Tony’s Company Website
- The Expansion Project Podcast
- Break Parallel
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Self storage is one of the most passive forms of real estate investing out there, but only if it’s run correctly. On this episode of the BiggerPockets Podcast, you’ll learn from CPA and real estate investor Michael Rogers about the process of finding, rehabbing, and cash flowing self storage units—and they systems that have allowed Michael to buy 350 units and partially quit his job.
In This Episode We Cover:
- Michael’s thoughts on having a part time job while investing in real estate
- How he bought a duplex while still a student
- What you should know about loan to value
- How to find the right sub contractors
- How Michael got into self storage
- Tips for investors looking to start with self storage
- Why you should be aware of the “Declining Spiral“
- How he structures his system to get clients for storage rentals
- How auctions work when tenants don’t pay the rent
- What you should look out for in the self storage niche
- The software that Michael uses
- 3 lines of defense for self storage
- How to find tenants
- How he uses Search Engine Optimization to his benefit
- The numbers involved in his deals
- Why he’s an active BiggerPockets member
- And SO much more!
Links from the Show
- BiggerPockets Forums
- BiggerPockets Webinar
- BiggerPockets Calculator
- 50% Rule
- BiggerPockets Podcast
- Automating Your Investing, Long Distance Rehabs and Spec Building with J Scott
- Growing Your Real Estate Company Into a $30 Million Dollar Business with Brian Burke
- My Latest BRRRR is Rehabbed and Ready to Rent
- BiggerPockets Files
- Easy Storage Solutions
- UncleBobs
- PublicStorage
- SSA
Books Mentioned in this Show
- The Millionaire Real Estate Investor by Gary Keller and Jay Papasan
- Every Landlord’s Legal Guideby Marcia Stewart and Janet Portman
- The Essays of Warren Buffett by Warren Buffett
- Brandon Turner’s Book: Investing With No or Low Money Down
Tweetable Topics:
- “When you are at that job and you’re doing that work, you got to give it your 100%.” (Tweet This!)
- “You always look at how much cash are you going to lay out and then what it’s going to bring back in time.” (Tweet This!)
- “Find out what the big guys are doing. You don’t have to reinvent the wheel.” (Tweet This!)
Connect with Michael
- Michael’s BiggerPockets Profile
- Michael’s Company Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On this episode of the BiggerPockets Podcast, we want to introduce you to a real estate investor who has figured out the secret to scaling his business: systems. Sam Craven, who was last on the BiggerPockets Podcast back on show 33, shares with us the processes he has implemented that have enabled him to build a team, putting him on track to buy nearly 100 homes this year. You’ll love the humor, the advice, and the examples Sam brings to the show and will walk away with new ideas to scale your own business.
In This Episode We Cover:
- Sam’s progress since the last time he was on the show
- What his business model looks like
- Why he identifies as a “customer service business“
- The importance of building processes
- What the people in his company do
- The vital importance of systemizing your business
- How to create a “franchise-able” business
- Why you should start with the end in mind
- How to use diversified methods in marketing
- What exactly high equity mailers are
- How they finance their deals
- The worst deal Sam’s ever done
- And SO much more!
Links from the Show
- BiggerPockets Webinar Pro Replay
- BiggerPockets Pro
- How to Close 27 Deals in Your First Year While Working Full Time with Sam Craven (Podcast)
- BiggerPockets Forums
- Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan (Podcast)
- BiggerPockets Facebook
- BiggerPockets Webinar
Books Mentioned in this Show
- The E-Myth Revisited by Michael E. Gerber
- 80/20 Sales and Marketing by Perry Marshall
- The Millionaire Real Estate Investor by Gary Keller and Jay Papasan
- Good to Great by Jim Collins
Tweetable Topics:
- “People call us because they have a problem that they need to be solved.” (Tweet This!)
- “Anyone who joins our company always have to fill out a goal sheet as well.” (Tweet This!)
- “One of the joys of growing a business is trying stuff and seeing if it works.” (Tweet This!)
Connect with Sam
- Sam’s BiggerPockets Profile
- Sam’s Company Website
- Sam’s Instagram Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Having trouble finding good deals? You won’t after this inspiring episode of the BiggerPockets Podcast! Today we bring you an interview with Shawn Holsapple, a real estate investor who is dominating his market, having done over 300 transactions in just the past several years. You’ll learn how Shawn is finding consistent deals and opportunities to keep his deal pipeline flowing!
In This Episode We Cover:
- How Shawn got started investing out of the country
- The certain book and seminar that spurred him to begin
- How to overcome analysis paralysis
- Where he gets his active income
- What wholesaling and “wholetailing” are
- How many deals he is doing
- What his team consists of and how he maximizes the use of a VA
- How to best take advantage of HUDs and the MLS
- Tips for knowing what to offer when making a deal
- How Shawn uses online auctions
- How to figure out the cost of a fix up
- Shawn’s take on getting a real estate license
- What you should know about building your portfolio
- Why Shawn believes you don’t necessarily need a cash buyer’s list
- A glimpse into how he manages his business
- And SO much more!
Links from the Show
- Brandon’s Disney’s video (on his Facebook)
- BiggerPockets SubForums
- BiggerPockets Forums
- Upwork
- BiggerPockets Webinar
- Auction.com
- Hudson and Marshall
- BiggerPockets Keyword Alerts
- BiggerPockets #AskBP
Books Mentioned in this Show
- Rich Dad Poor Dadby Robert T. Kiyosaki
- The 4-Hour Workweekby Timothy Ferriss
- The Book on Flipping Houses by J. Scott
- The E-Myth Revisited by Michael E. Gerber
- The 10X Ruleby Grant Cardone
Tweetable Topics:
- “You flip for quick cash so that you can buy the buy and holds.” (Tweet This!)
- “If you can’t sell your deal, then you don’t have a deal.” (Tweet This!)
- “If you’re not falling down and getting hurt then you are not trying hard enough.” (Tweet This!)
Connect with Shawn
- Shawn’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How does someone shift from buying single family houses to buying hundred+ unit apartment complexes? That’s the topic we’re diving into today on the BiggerPockets Podcast with real estate investor and former CPA Brian Adams. This show is packed to the brim with actionable tips and advice for anyone looking to expand their real estate business, quit their job, raise private capital, and work less while enjoying life more. You’ll be inspired and motivated by interview, so don’t miss a moment of it!
In This Episode We Cover:
- The important perspectives Brain gained from his grandfather and football coach
- How he bought a rental property with a CPA background
- The impetus he used to change how things were going with his life
- How to plan and implement a journey to real estate investing
- The process of partnering with a group
- Things Brian would’ve done better if he started all over again
- How to pick your partner’s brain when making deals
- Brian’s 98-unit deal — that ended up folding
- What to do when your investors back out on a deal
- What you should know about exit strategies
- How he gets paid with kind of deals he does
- How he plays matchmaker for investors and buyers
- The importance of the “ABM” (Always Be Marketing) strategy
- And SO much more!
Links from the Show
- Listen to BiggerPockets Podcast on Stitcher
- BiggerPockets Webinar
- BiggerPockets Forums
- Marcus & Millichap
- IRR
- Costar
- LoopNet
- Multifamily and Apartment Investing Forums
- I quit my CPA Job to buy Large Apartment Buildings (Forum Thread)
Books Mentioned in this Show
- The 7 Habits of Highly Effective People by Stephen Covey
- 80/20 Sales and Marketing by Perry Marshall
- Emerging Real Estate Markets by David Lindahl
- It’s a Whole New Businessby Gene Trowbridge
- Keep It!: Advanced Tax Strategies for IRAs by Joe O Luby III
- Getting Things Done by David Allen
- The E-Myth Revisited by Michael E. Gerber
- Think and Grow Rich by Napoleon Hill
- No B.S. Marketing to the Affluent by Dan S. Kennedy
- Never Check E-Mail In the Morning by Julie Morgenstern
Tweetable Topics:
- “Education and the books are fine, but you got to get out there and take some risk.” (Tweet This!)
- “Let’s follow those who are smart, those who have done this before.” (Tweet This!)
- “5 percent of a great deal is better than a 100 percent of no deal.” (Tweet This!)
Connect with Brian
- Brian’s BiggerPockets Profile
- Brian’s Company Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s episode of the BiggerPockets Podcast, we sit down and dig into the life of a professional BMX bike rider Terry Adams. Outside of his many accomplishments in the stunt bike world (X-Games gold medal, appearance on Glee and Ellen, and more), Terry is also an accomplished real estate investor with some incredible strategies for building wealth. In the interview, we cover everything from investing with no money, to dealing with personal finance concerns, to mindsets, and more. This show is about to rock your world, so grab a pencil and some paper and let’s get started!
In This Episode We Cover:
- Who Terry Adams is and what his profession entails
- How he got started in real estate
- The details of his first property
- His trailer property
- How he finds great real estate deals
- What you should know about finding a mentor
- The ins and outs of the “BRRR” strategy
- What exactly line of credit investing is
- Tips for dealing with banks
- How your mindset affects how you invest in real estate
- The details of Terry Adams’s portfolio
- The secret to building wealth with the help of mentors
- The importance of knowing your net worth
- And SO much more!
Links from the Show
- Terry Adams on The Ellen Show (video)
- BiggerPockets Meet
- BiggerPockets Forums
- BiggerPockets Podcast
Books Mentioned in this Show
- Secrets of the Millionaire Mind by T. Harv Eker
- The Richest Man in Babylonby George S. Clason
Tweetable Topics:
- “There’s always a way to make it happen.” (Tweet This!)
- “The more I manage my money, the more money I have to manage.” (Tweet This!)
- “You take your other liquid asset and you invest it, because that’s how you build wealth.” (Tweet This!)
Connect with Terry
- Terry’s Instagram
- Terry’s Twitter
- Snapchat: terryadamsbmx
- Facebook Fan Page
- Terry’s Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How does a new real estate investor go from zero properties to over 1,000 units in under a decade? Through careful scaling! That’s the topic on today’s BiggerPockets Podcast with guest Jason Cohen, an investor who has built a sizable portfolio utilizing systems, processes and people. You’ll learn about the financing strategies needed to make this adventure possible, as well as Jason’s incredible strategy for finding real estate deals that no one else is finding. Prepare to be blown away – this is one show for the record books!
In This Episode We Cover:
- What Jason Cohen does and the niche he targets
- How he scaled from 7 units to a massive 148-unit business
- The debacle he encountered with his first employees
- How he achieved the first “right” hire
- How many employees he has for his company
- How he built systems to run such a huge business
- Jason’s tips for getting started
- Proven ways to find properties
- How he grew his business in just 9 years
- How he finances his real estate deals
- The importance of building a good track record with the banks
- Insight on mentorships
- And SO much more!
Links from the Show
- Top Ten Rookie Mistakes of the Multifamily Investor (blog)
- Building a Monster Wholesaling Business with Mike Nelson (podcast)
- LoopNet
- Austin BizJournal
- Pittsburgh Business Times
- BiggerPockets Forums
- BiggerPockets Podcast
Books Mentioned in this Show
- The Martian by Andy Weir
- How to Win Friends & Influence People by Dale Carnegie
Tweetable Topics:
- “If you want it, you’re going to find a solution.” (Tweet This!)
- “At some point you have to pull the trigger.” (Tweet This!)
- “If you make a mistake, create a system to where you can’t make that mistake again.” (Tweet This!)
Connect with Jason
- Jason’s BiggerPockets Profile
- Jason’s Company Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today on the BiggerPockets Podcast, we are excited to bring back Brie Schmidt, a real estate investor from the Chicago market who has absolutely DOMINATED her goals over the past twelve months. Last time we talked with Brie, she had just quit her job to pursue real estate full-time. Today you’ll learn about the impact that decision made on her life and how she’s been able to reach her financial goal in just twelve months, buying more than fifty new rental property units in that time! Be prepared to be blown away and inspired to do the same!
In This Episode We Cover:
- Who Brie is and how she quit her job and went full time since the last show
- The 3 catalysts that drove her to become a full time investor
- How to incentivize in-house property management
- Tips for making tenants happy
- The story behind 50 units in one year
- What kind of tenants she is looking for
- How Brie handled her first eviction
- What kind of properties she is investing in
- Her average cost per door
- The details of buying multiple units at a time and concerns you face with it
- The mindset behind buying 50 units in a year
- And SO much more!
Links from the Show
- BiggerPockets Keyword Alerts
- Quitting Your Job, Buy & Hold Investing, and Succeeding With High-End Rentals with Brie Schmidt
- BiggerPockets Webinar
- Investing in Foreclosures, Quitting Your Job, and Getting More Than 10 Loans with Anca Rader
- How I Found, Analyzed, and Bought an Ugly Purple Rental Property
- BiggerPockets Marketplace
- BiggerPockets Forums
- PayNearMe
- BiggerPockets Podcast
- Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan
Books Mentioned in this Show
- The Millionaire Real Estate Investor by Gary Keller
- The ONE Thing by Gary Keller
- The 10X Rule by Grant Cardone
Tweetable Topics:
- “You bring up the level of the property to attract the kind of tenant that you want.” (Tweet This!)
- “Property management could make or break your business.” (Tweet This!)
Connect with Brie
- Brie’s BiggerPockets Profile
- Brie’s Company Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Everyone wants to invest in multifamily properties. (Well, almost everyone.) But with the market heating up around the country, great deals are becoming incredibly difficult to find. That’s why we had to bring back one of our most popular guests on the BiggerPockets Podcast, Serge Shukhat.
The last time we talked with Serge back in episode 60, Serge told us how he built up a massive portfolio in just a few years. But if you were impressed then, this show is going to blow you away. Filled with TONS of actionable tips, stories and warnings, this is one episode you are going to want (and need) to listen to over and over again.
In This Episode We Cover:
- How Serge got started in real estate
- What he’s been up to since his last episode
- What value add and value add investors are
- What you need to know about commercial lending
- How he used seller financing for his 32 units
- The 3 components of successfully purchasing multifamily properties
- The ins and outs of cap rate and exit cap rate
- Why Serge does his own property management
- Things to avoid when value add investing
- What exactly submetering is
- Instances when overlooking things may cause problems later on
- Thoughts on using multi-units as vacation rentals
- How to train resident managers and tenants
- The importance of changing your strategy depending on the market
- What you should know about long term 30-year fixed financing
- What secondary markets are — and why Serge likes them
- How to connect with owners and resident managers
- How to keep a competitive advantage
- And SO much more!
Links from the Show
- BP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat
- BP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
- BiggerPockets Forums
- Stop Obsessing About All Those Damn “Rules” in Your Real Estate Investing (Blog Post)
- LoopNet
- BiggerPockets Multi-Family and Apartment Investing Forums
Books Mentioned in this Show
- The Magic of Thinking Big by David J. Schwartz
- Rich Dad Poor Dad by Robert T. Kiyosaki
- Landlording on Auto-Pilot by Mike Butler
- The Real Book of Real Estate by Robert T. Kiyosaki
- The 7 Habits of Highly Effective People by Stephen Covey
- The ABCs of Real Estate Investing by Ken McElroy
- The E-Myth Revisited by Michael E. Gerber
- The ONE Thing by Gary Keller
- How to Win Friends & Influence People by Dale Carnegie
Tweetable Topics:
- “If you want to do a syndication, make sure you find a syndicator that is experienced. It’s all about the sponsor.” (Tweet This!)
- “Time is not your enemy in real estate, time is your friend.” (Tweet This!)
- “Be on a location where people want to be.” (Tweet This!)
- “No matter how successful you are, you got to keep moving forward.” (Tweet This!)
Connect with Serge
- Serge’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Will Barnard recently closed on a seven-figure profit house flip (that’s right… over $1M on one single house!) In this episode of the BiggerPockets Podcast, Will shares the story, as well as 10 specific and actionable tips for anyone looking to rehab a property. Be sure to grab a pen and paper for this show… you are going to need it!
In This Episode We Cover:
- How Will’s doing since the last time he was on the show
- The famous 7 Figure Flip
- All the details you want to hear about that flip!
- The 10 things you need to become a better flipper
- How to know your market
- The importance of building a team before you buy
- The members you need on your team
- How to find quality contractors
- The importance of negotiation as a real estate investor
- The two numbers that you need in order to make an offer
- The ins and outs of using leverage
- How to build a reputation by taking care of your investors
- The importance of learning how to manage efficiently
- How to know where you can save (and where you shouldn’t) in flipping houses
- And SO much more!
Links from the Show
- Diary of a Seven Figure Spread (Forum Thread)
- BiggerPockets Flipping Calculator
- BiggerPockets Forums
- Will Barnard’s First BP Podcast Interview
- BP Podcast 120: How to Find, Analyze, and Finance an Incredible Real Estate Deal!
- The Occupants from Hell (Forum Thread)
Books Mentioned in this Show
- The 10X Ruleby Grant Cardone
- The Book on Flipping Houses by J. Scott
- The Book on Investing with No Money Down by Brandon Turner
- A Million Bucks by 30 by Alan Corey
- Trump-Style Negotiation: Powerful Strategies and Tactics for Mastering Every Dealby George H. Ross
- Rich Dad’s CASHFLOW Quadrant by Robert T. Kiyosaki
Tweetable Topics:
- “You really need to get the boots on the ground to know your market.” (Tweet This!)
- “Trying to flip from afar is really asking for trouble.” (Tweet This!)
- “Everything you do in the real estate field — everything — pretty much is a negotiation.” (Tweet This!)
- “Listening to people negotiate is really helpful.” (Tweet This!)
- “There’s no right or wrong answer here. It’s a matter of finding out what do you want.” (Tweet This!)
- “You can’t be scared to fail because you’re going to fail.” (Tweet This!)
Connect with Will
- Will’s BiggerPockets Profile
- Will’s Company Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On this episode of the BiggerPockets Podcast, we’re going to talk about a unique strategy that combines the power of house flipping with the benefits of home ownership. You’ll meet Mindy Jensen and discover how she uses the “live-in flip” strategy to build wealth through real estate. You’ll also learn how a live-in flipper can save significant money on taxes as well as a discussion on the benefits of doing your own work. Don’t miss this enlightening, and hilarious, episode!
In This Episode We Cover:
- Who Mindy Jensen is
- Her thoughts on personal finance
- Frugality, as defined by Mindy
- A debate on Starbucks (as well as Priuses) and frugality
- Where she spends her money
- How Mindy got started in real estate
- Details on her deals
- 7% as a steal?
- The ins and outs of performing a live and flip
- Getting a real estate license as a means to invest
- What you should know about For Sale By Owner (FSBO) properties
- How she advertises her houses
- The pros and cons of live and flips
- Why women can and should fix houses
- The importance of home inspections
- And SO much more!
Links from the Show
- BiggerPockets Keyword Alerts
-
AskBP Podcast
- BiggerPockets Blogs
- BiggerPockets Forums
- BP Podcast with Jeff Brown
- How to “Hack” Your Housing and Get Paid to Live for Free
- FSBOMadison
- Zillow
- Trulia
- BRRRR Strategy
- 3 Real Life Examples That Prove the HIGH Cost of Ignorance in Real Estate
- Want to Make $1,000 or More Per Hour?
- BiggerPockets Forums: New Member Introduction
Books Mentioned in this Show
- The Book on Flipping Houses by J. Scott
- The Book on Investing with No Money Down by Brandon Turner
- The Snowball: Warren Buffett and the Business of Life by Alice Schroeder
- The Warren Buffett Way by Robert G. Hagstrom
- The Richest Man in Babylon by George S. Clason
Tweetable Topics:
- “Frugality is save money where you can, so you can spend it where you want to or where you need to.” (Tweet This!)
- “I didn’t get my license to sell houses. I got it so that I could invest and have access to MLS.” (Tweet This!)
- “Nobody likes your house more than you.” (Tweet This!)
Connect with Mindy
- Mindy’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On this episode of the BiggerPockets Podcast, we sit down and talk with a real estate entrepreneur who recently was able to quit her job and travel the world thanks to her real estate ambitions! You’ll learn the unique methods Anca uses to get around the “4 to 10 loans” limit to finance numerous properties, as well as many other tips on everything ranging from house hacking to buying foreclosures to buying at an auction, and so much more. Don’t miss this excellent interview with an incredible successful investor, Anca!
In This Episode We Cover:
- How Anca got started with real estate
- Why Anca started with 50-50 partnership deals with her dad
- How they got their first deal
- How home equity loans can help you invest
- Buying foreclosed properties
- The ins and outs of REO foreclosures
- Tips for new real estate investors
- What you should know about getting loans
- How Anca manages her 33 rental units
- Using commercial loans to finance residential investments
- How Anca uses the BRRR strategy to invest with low-money down
- Anca’s smart strategy for getting deals when working with other agents
- The dangers of buying properties in auction
- Things you need to know about long distance investing
- And SO much more!
Links from the Show
- BiggerPockets Store
- The Book on Flipping Houses by J. Scott
- The Book on Investing with No Money Down by Brandon Turner
- BiggerPockets Webinar
- BiggerPockets Webinar Pro Replays
- Auction.Com
- Hubzu
- HomeSearch
- Seth Rogen & James Franco Bound 3 HD (Explicit)
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- Total Recall: My Unbelievably True Life Story by Arnold Schwarzenegger
- The Obstacle Is the Way: The Timeless Art of Turning Trials into Triumph by Ryan Holiday
Connect with Anca
- Anca’s BiggerPockets Profile
- Anca’s Company Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
As you grow your real estate business, a partner can help you achieve incredible levels. That’s why today on the BiggerPockets Podcast we sit down with James Wise to talk about how he used a partnership to build his own investment portfolio, as well as build a thriving brokerage and property management business. In this interview, you’ll learn how James finds and screens tenants, uses BiggerPockets to raise money, and much more.
In This Episode We Cover:
- How James got started with real estate
- How he (unknowingly) house hacked his first property
- How he moved on to his next deals
- Tips on finding a business partner
- Learning the hard way through trial and error
- How James screens tenants now (and the mistakes he used to make!)
- Valuable tips on finding partners
- How he’s using BiggerPockets to grow his business
- His take on starting a brokerage or real estate management company
- Tips for real estate agents working with an investor
- Where to get the cash to actually live while investing in real estate
- And SO much more!
Links from the Show
- Shia LaBeouf delivers the most intense motivational speech of all-time
-
AskBP Podcast
- Tenant Screening: The Ultimate Guide
- Evicted Tenant Threatens Landlord With a Machete (Seriously)
- BiggerPockets Forums
-
AskBP 034: Should You Rent to a Tenant With an Eviction in Their Past?
- Joel Owen’s BiggerPockets Profile
- New Member Welcome Forum
- Draft Day
Books Mentioned in this Show
- Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth by Robert G. Allen
Tweetable Topics:
- “You’re always going to have vacancies. It’s part of the business.” (Tweet This!)
Connect with James
- James’s BiggerPockets Profile
- James’s Company Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Building a real estate empire takes time, effort, and significant amounts of capital. However, as our guest today shares with us, it’s not beyond your reach! Learn how Brian Murray built a real estate portfolio to over 400 units using a variety of strategies and intelligent techniques. If you plan on building a large real estate portfolio in your future, this is a CAN’T MISS episode!
In This Episode We Cover:
- How Brian got started with real estate
- Why he invested in commercial office space
- The techniques he used to get the place rented
- What exactly assuming the loan of the seller means
- A discussion about Capitalization Rates
- Value added investing
- How to use the 50% Rule with commercial properties
- The value of putting money back into the property
- How he manages his properties and his specific views on it
- How to find great deals
- Tips for real estate investors on getting started
- His biggest success and biggest mistake
- And SO much more!
Links from the Show
-
AskBP Podcast
- The One Thing You Need to Achieve Your Biggest Goals [#AskBP]
- BiggerPockets Podcast
- BiggerPockets Forums
- BiggerPockets Podcast show 100 with Josh Dorkin
- BiggerPockets LinkedIn Profile
- BiggerPockets Facebook
- BiggerPockets Twitter
Books Mentioned in this Show
- The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges
- Rich Dad Poor Dad by Robert Kiyosaki
- Don’t Sweat the Small Stuff and It’s All Small Stuffby Richard Carlson
Tweetable Topics:
- “You can’t expect anyone to treat your property as well as you do yourself.” (Tweet This!)
- “You’re gonna see far better returns if you invest yourself and your time into your properties.” (Tweet This!)
- “A lot of people they think that a property is not for sale, everything is for sale.” (Tweet This!)
- “Grit is living life like a marathon, not a sprint.” (Tweet This!)
Connect with Brian
- Brian’s BiggerPockets Profile
- Brian’s LinkedIn
- Brian’s Company Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What if you could sit down with one of the best-selling business authors of all time and pick their brain? Lucky for you, that’s exactly what you get to do today here on the BiggerPockets Podcast where we interview Michael Gerber, author of The E-Myth Revisited. The E-Myth has been one of the most-frequently mentioned books from past guests on this Podcast, so we just had to sit down with Michael to talk about what makes some investors successful and other’s struggle continuously! Hint: It’s all about the system. Stay tuned!
In This Episode We Cover:
- Who Michael Gerber is
- How he got to where he is now
- Lessons that he learned early in life
- What exactly the “E-Myth” is
- The primary reason why businesses fail
- Working on your business vs. working in your business
- “Turnkey-ing” a business
- How to invent and implement a system
- One tip for a storage unit operator
- The four personalities in every business
- How to get a mentor
- And SO much more!
Links from the Show
- BiggerPockets’ Instagram
- BiggerPockets Webinar
- BiggerPockets Forums
- Get Things Done with David Allen (podcast)
- Zoom
- GoToMeeting
Books Mentioned in this Show
- The E-Myth by Michael Gerber
- The Millionaire Next Door by Thomas J. Stanley
- The Book on Investing with No Money Down by Brandon Turner
- The E-Myth Revisited by Michael Gerber
- Marketing for Business Growthby Theodore Levitt
Tweetable Topics:
- “Every small business is a school.” (Tweet This!)
- “Don’t get into something unless you’re changing the world.” (Tweet This!)
- “Passion is insufficient; persistence and dedication are absolutely critical.” (Tweet This!)
Connect with Michael
- Michael’s Company
- Michael’s Email
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Is it possible to invest in real estate when you don’t have decades of life-experiences? That’s the topic we dive into today on the BiggerPockets Podcast with special guest Jered Sturm. Jered, who is in his mid-twenties, is an incredibly successful buy-and-hold investor as well as a house flipper and contractor. Jared’s unique strategy appeals to anyone who is looking to build a large portfolio in a short time. Today’s show is all about hustle, and doing what it takes to succeed! Whether you are 25 or 75, this interview is bound to inspire you to take massive action to find the success you desire. Stay tuned!
In This Episode We Cover:
- How Jered bought his first property right out of high school
- Details on Jered’s journey to 20+ units
- How Jered has financed his deals
- The ins and outs of the flips he’s completed
- The importance of networking to finding properties
- How Jered and his team find deals
- The common trait that makes some landlords terrible
- The advantages and disadvantages of investing in real estate at a young age
- The power of exponential growth
- And SO much more!
Links from the Show
- BiggerPockets AskBP Podcast
- BiggerPockets Calculators
- It’s a Wonderful Life
- How to Start Investing In Real Estate at a Young Age
- BiggerPockets Forums
- BiggerPockets Webinar
- Zillow
Books Mentioned in this Show
- The E-Myth Revisited by Michael Gerber
- J. Scott’s The Book on Flipping Houses
- Investing in Real Estate by Gary Eldred
- Business Brilliant by Lewis Schiff
Tweetable Topics:
- “If we can do it for others, why not do it for ourselves?” (Tweet This!)
- “If you wait longer in life, you’re going to have all the responsibilities that usually come later in life.” (Tweet This!)
- “People can find the confidence in you if you just carry yourself the right way.” (Tweet This!)
- “There’s gonna be times in life where I’ll know I want free time more than I do now.” (Tweet This!)
- “No company cares about the property as much as an owner.” (Tweet This!)
- “Be someone that people will lend money to.” (Tweet This!)
Connect with Jered
- Jered’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today’s episode of the BiggerPockets Podcast is different than any other we’ve done, and probably not one to listen to with the kids in the car. Today we’re talking with Justin Escajeda, who overcame a life of crime, drugs, and homelessness to create an impressive real estate business, despite his ugly past. You’ll learn about the process Justin went through to build his empire and discover some unique ideasto help you create additional passive income in your life. Prepare to be shocked, encouraged, and motivated after listening to today’s show.
In This Episode We Cover:
- How Justin got started in real estate investing
- The hard past he had to overcome
- His first screening experience with his duplex
- How he landed his first deal, a duplex in a low income neighborhood
- How he found his real estate partnership
- A discussion on seller financing
- The ins and outs of self storage
- Some of the downsides of self storage
- One tip for a storage unit operator
- Justin’s opinion on mobile homes
- His plans for the future
- And SO much more!
Links from the Show
- BiggerPockets Meet
- The Super
- Mobile Home Investing and Getting Started With John Fedro
- Storage Wars
- BiggerPockets Forums
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- The Millionaire Next Door by Thomas J. Stanley
Tweetable Topics:
- “The more people you network with, the greater your chance to succeed as a real estate investor.” (Tweet This!)
- “I try to negotiate with park owners because what’s in their benefit is my benefit too.” (Tweet This!)
- “It’s very difficult to do things the correct way, by the book.” (Tweet This!)
Connect with Justin
- Justin’s BiggerPockets Profile
- Justin’s Company Website
- Justin’s Facebook
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On this episode of the BiggerPockets Podcast, we’re talking about myths. No, not about Sasquatch, elves, or the abominable snowman. We’re talking about real estate myths that might be holding YOU back from greatness! We’re excited to bring back Chris Clothier, a seasoned investor and business owner who shares stories from his own experiences to help you achieve new levels of success. Don’t miss one second of this incredibly powerful and actionable podcast!
In This Episode We Cover:
- Who is Chris Clothier?
- What got him into real estate?
- Getting to the top 50 Home Buyers
- Five Real Estate Investment Myths
- Myth 1: Don’t work with family
- Myth 2: Past performance is a reliable predictor for future investments
- Myth 3: Investing in real estate is a big time sink
- Myth 4: You should only invest locally
- Myth 5: You should avoid risk at all cost
- Five specific scenarios that are risky and how Chris would handle them
- Learn an amazing tip when closing a deal!
- How not to get ripped off by a property management company
- And SO much more!
Links from the Show
- BP Podcast 026: Building a Scalable Real Estate Business and Tenant Management Tips with Chris Clothier
- RealtyTrac
- BP Podcast 005: Dealing with Death – A Financial Discussion with CFP Neal Frankle
- 20 Questions To Ask Before Hiring Rental Property Management
- How To Train A Property Management Company
- BiggerPockets Webinar
- BiggerPockets Forums
- BiggerPockets Marketplace
Books Mentioned in this Show
- Make It BIG!: 49 Secrets for Building a Life of Extreme Success by Frank E. McKinney
- Scaling Up: How a Few Companies Make It…and Why the Rest Don’t (Rockefeller Habits 2.0) by Verne Harnish
- Start with Why: How Great Leaders Inspire Everyone to Take Action by Simon Sinek
Tweetable Topics:
- “You don’t have a job for everyone.” (Tweet This!)
- “In any partnership there should be clear lines, clear boundaries, and clear respect.” (Tweet This!)
- “A lot of investors look to go out of area first because they don’t understand real estate.” (Tweet This!)
- “There maybe more risk with a lower cost investment, than higher cost investment.” (Tweet This!)
- “Our fear of losing money is greater than our desire to earn.” (Tweet This!)
- “Risk is all about assessing the good and the bad of making the decision or not making the decision.” (Tweet This!)
- “For investors, risk is not a bad thing.” (Tweet This!)
- “There is no perfect time.” (Tweet This!)
Connect with Chris
- Chris’ Company Website
- Chris’ BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In this episode of the BiggerPockets Podcast, learn how to build an incredibly successful real estate business using the “IDEAL” system. Andrew and Phillip Syrios have built an incredible rental property business in just a few short years and today they’ll share all their best tips so you can do the same. Discover the truth about property management, getting dirty, working with family, rentals, flips, and more! This episode is destined to become one of the most talked-about (and fun) episodes in BiggerPockets Podcast history!
In This Episode We Cover:
- How Andrew and Phillip “get things done.”
- How the brothers started in REI
- Flipping 200 houses… impossible?
- How discipline has helped them buy properties
- What “IDEAL” real estate investing is… and why it matters
- The truth about depreciation
- How to find the true value of properties
- Tips for newbies on getting started
- Working with private lenders to fund deals
- The 4 pieces that need to work in order to have a good buy and hold investment
- The most important things to know as a property manager
- Running a family business
- And SO much more.
Links from the Show:
- BP Podcast 117: Maximizing Productivity to Get Things Done with David Allen
- Buy & Hold Real Estate is the Ultimate Investment: Here’s Why (blog)
- How to Buy a Small MultiFamily Property: A Step by Step Case Study
- The BiggerPockets Book on Flipping Houses
- BiggerPockets Forums
Books Mentioned in this Show
- Getting Things Done: The Art of Stress-Free Productivity (revised edition) by David Allen
- Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
- The Book on Estimating Rehab Costs by J. Scott
- The Millionaire Real Estate Investor by Gary Keller
- The Landlord’s Survival Guide by Jeffrey Taylor
- How to Win Friends & Influence People by Dale Carnegie
- Great by Choice by Jim Collins
- Good to Great by Jim Collins
Tweetable Topics:
- “The number of houses you flip is not that much important, the main thing is how much money you made.” (Tweet This!)
- “Grow in a sustainable consistent manner than trying to get from here to there in a snap of a finger.” (Tweet This!)
- “Deferring gratification and being able to see the long run is what buy and hold is.” (Tweet This!)
- “Every property has some sort of value.” (Tweet This!)
- “If you hate working, then nothing’s going to work.” (Tweet This!)
- “You’re only as good as your management.” (Tweet This!)
- “If you’re the property manager, then you should be the good guy and always on their team.” (Tweet This!)
- “Success builds on itself.” (Tweet This!)
Connect with Andrew
- Andrew’s BiggerPockets Profile
- Andrew’s Real Estate Website
Connect with Phillip
- Phillip’s BiggerPockets Profile
- Phillip’s Youtube
- Phillip’s Twitter
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today on the BiggerPockets Podcast, we’re changing things up and doing something we’ve never done before!
Today we’re bringing you over an hour of actionable advice on exactly how to find real estate deals (even in a hot market,) how to analyze those deals (so you don’t lose money,) and how to finance those deals (even if you have very little cash!)
Don’t miss this exciting and totally different show… a taste of our weekly webinar!
In This Episode We Cover:
- A bit about Mr. Brandon Turner and what he does at BiggerPockets
- Brandon’s first property- bought when he was 21 years old
- How to find an incredible deal, even in a hot market
- Using direct mail to find deals
- Two methods of using Craigslist
- Using the BiggerPockets Marketplace
- Using eviction records to find deals
- How to Analyze Deals, including a demonstration of the BiggerPockets Calculators
- The top 10 mistakes investors make when analyzing deals
- How to Finance a Property
- The different types of loans you can use
- What is Seller Financing?
- Using partnerships to fund deals
- Hard money vs Private money Lenders
- And SO much more!
Links from the Show:
- BiggerPockets Webinar
- BiggerPockets Webinar Replays (for Pro)
- Webinar Replay on the most recent show (only until Monday evening)
- Driving for Dollars Bible (blog post)
- BiggerPockets Marketplace
- LoopNet
- Costar
-
AskBP 008: Tragic Story
- BiggerPockets Analysis Tool
- BiggerPockets Keyword Alerts
- BiggerPockets Meet
- BiggerPockets Pro
- BP Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy
- BP Podcast 076: Growing Your Real Estate Company Into a $30 Million Dollar Business with Brian Burke
- BP Podcast 014 : Cash Flow, Creative Finance, and Life with Ben Leybovich
- BiggerPockets Forums
- BiggerPockets #AskBP Podcast
- BiggerPockets Calculators
Text to Join the Webinar
Just text “bpwebinar” (without the quotations) to 33444 to join this week’s webinar
Books Mentioned in this Show
- Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
- The ABCs of Real Estate Investing with Ken McElroy
Tweetable Topics:
- “The harder I work, the luckier I seem to get.” (Tweet This!)
- “The cake is cashflow.” (Tweet This!)
- “Do your math even better because having money makes you dangerous.” (Tweet This!)
- “It has nothing to do with intelligence or luck, it has to do with taking action and working hard.” (Tweet This!)
Connect with Brandon
- Brandon’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s episode of the BiggerPockets Podcast, we are excited to introduce you to Graham Mink, a professional hockey player turned real estate investor from the state of Vermont. Graham shares the story of getting his first deal while traveling the world and his journey since that day. You’ll learn how he turned the lessons gained from house hacking into a profitable business managing tenants, being a real estate agent, and subdividing properties.
If you want to invaluable lessons about jumping into real estate investing, scaling your business, the ins and outs of financing your deals — and much more — then take a little time out of your day to hear this inspirational show!
In This Episode We Cover:
- A bit about Graham and his professional hockey career
- What it’s like to transition from professional sports to real estate
- His first property and first tenant, thanks to his father!
- Details on refinancing a property
- What you should know about home equity lines of credit
- What exactly an FHA loan is
- How to use house hacking to create income
- Details on his second deal
- A discussion about the real estate market
- The ins and outs of finding the property that fits what you want to do
- How Graham subdivided a property
- The role BiggerPockets played Graham’s success
- How to execute a seller-financed deal
- The pros and cons of getting real estate license
- And SO much more!
Links from the Show:
- BiggerPockets is hiring!
- BiggerPockets Webinar Replays (for Pro)
- How to “Hack” Your Housing and Get Paid to Live for Free
- The Real Estate Market: How to Analyze and Predict Cycles
- The Real Key to Success is Cheating. Here’s How (and Why) To Cheat…
- BiggerPockets Podcast Show 118 with Grant Cardone
- BiggerPockets Forums
- BiggerPockets Calculators
Books Mentioned in this Show
- The Book on Flipping Houses by J Scott
- Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
- Landlording on Auto-Pilot by Mike Butler
- Think and Grow Rich by Napoleon Hill
Tweetable Topics:
- “The one who pumps out slow and steady kind of wins the race.” (Tweet This!)
- “If you’re not making money, you’re not making money.” (Tweet This!)
- “Get your license, find a mentor… scrub toilets if you have to.” (Tweet This!)
- “Walk before you run.” (Tweet This!)
- “Everybody’s got some kind of advantage.” (Tweet This!)
- “When you seen an opportunity that you lose, it opens the door for something else.” (Tweet This!)
Connect with Graham
- Graham’s BiggerPockets Profile
- Graham Mink’s Wikipedia Page
- Graham’s Twitter
- Graham’s LinkedIn
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The links to third-party products and services on this page are affiliate links, meaning that BiggerPockets may earn a commission (at no additional cost to you) if you click through and make a purchase.
When getting started, should you go BIG or go small? On this episode of the BiggerPockets Podcast, learn how Himanshu Jain got started investing in real estate by buying BOTH a condo and a 20-unit apartment complex. Discover the lessons Himanshu learned in the process, as well as the pros and cons of each. Additionally, the discussion on property management is going to blow you away — especially when you learn why Himanshu uses not one but THREE different property managers to look after his portfolio.
Whether you want to diversify your real estate portfolio or you’re just interested in different forms of investing, check out this fascinating, innovative episode!
In This Episode We Cover:
- How Himanshu got started with real estate investing
- The pros and cons of getting a vacation rental as a first property
- How he branched out into condo units
- What exactly corporate housing is
- Opinions on Homeowners Associations
- How he made the big jump to multifamily
- How to use another business to finance your next deal
- Why exit strategy matters to Himanshu
- The ins and outs of having multiple property managers
- Tips on marketing multifamily units
- How Himanshu finds properties
- How he dealt with “unusual activity” in his multifamily unit
- Why he became a real estate agent
- And SO much more!
Links from the Show:
- VRBO
- HomeAway
- FlipKey
- HomeSearch (sponsor)
- Podio (sponsor)
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert T. Kiyosaki
- Blue Ocean Strategy by W. Chan Kim
- The 10X Rule by Grant Cardone
Tweetable Topics:
- “Buy with the end in mind.” (Tweet This!)
- “Nobody will ever take as good a care when it comes to properties as yourself.” (Tweet This!)
Connect with Himanshu
- Himanshu’s Website
- Himanshu’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Real estate entrepreneurs are busy people… but this doesn’t have to mean getting overwhelmed! In this episode of the BiggerPockets Podcast, we sit down with world-famous productivity author David Allen to learn tips and tricks for getting more things done in your life. You’ll learn how to accomplish more things, in less time, with less stress using the Getting Things Done (GTD) system. This show will inspire and encourage you to do even more in your business.
Whether you’re just starting out as an entrepreneur, or you just want to run your business more effectively and seamlessly, you’ll definitely get something valuable out of this episode!
In This Episode We Cover:
- David Allen’s backstory
- The two elements of self management you should know
- What hats you should learn to wear
- Areas in life you need to make sure you’re keeping an eye on
- How to keep yourself oriented in the right direction
- What exactly an “external brain” is and how to build it
- What you need to know about Getting Things Done
- Important notes on research and development
- The 5 steps of the GTD system
- The big question: What is the next actionable step?
- The ins and outs of the 2-minute rule
- The importance of making a mess
- And SO much more!
Books Mentioned in this Show
- Getting Things Done: The Art of Stress-Free Productivity (revised edition) by David Allen
- The Organized Mind: Thinking Straight in the Age of Information Overload by Daniel J. Levitin
- BrainChains by Dr Theo Compernolle
Tweetable Topics:
- “You need to make sure you have the map, but you’ve got to have a good map with all the right data on it.” (Tweet This!)
- “It’s terrible to go play soccer without a goal.” (Tweet This!)
- “If you can take the action step in two minutes or less, do it right then.” (Tweet This!)
- “You’re going to learn more doing it than reading a book.” (Tweet This!)
- “The core key in getting in control and focused is the weekly review.” (Tweet This!)
- “If you don’t spend any time on reviewing, you will just go fumble around and be driven by the latest and loudest.” (Tweet This!)
- “You’re most creative when you have a space to make a mess.” (Tweet This!)
- “Your head is for having ideas, not for holding them.” (Tweet This!)
Connect with David
- David’s Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On this episode of the BiggerPockets Podcast, learn what it took for Nasar Elarabi to quit his dead-end job and become a full time wholesaler, flipper, and landlord. Tune in for discussions covering how he funds his deals, what makes him a better landlord, and why he’s tried his hand at many avenues of real estate. In this not only informative, but also wildly entertaining episode, Nasar shares his tales of success and the failures that helped him learn — including the first flip he ever undertook (that turned out to be disastrous).
This show is packed with a heavy dose of motivation and miles of actionable content, so don’t waste another minute. Just hit “play!”
In This Episode We Cover:
- How Nasar got into real estate
- The story of how he got it all wrong with his first flip
- What he learned from those mistakes
- How he shifted to buy & hold properties
- What you should know about debt to income ratios
- How Nasar funds his deals
- How he became “too stupid to quit“
- Why he shifted once again to wholesaling
- What makes him a better landlord now
- Interesting information on owner financing
- How to know when to quit your job
- The ins and outs of achieving a “slam dunk deal“
- The importance of working with the right people
- What exactly code enforcement leads and delinquent tax leads are
- What makes him different from other investors
- And SO much more.
Links from the Show:
- BiggerPockets Forums: Success Stories
- Forum Thread about the Danger of Wholesaling
- Is Real Estate Wholesaling Illegal?
- BiggerPockets Webinar Replay
- Agent’s Guide
- BiggerPockets Ultimate Beginner’s Guide to Real Estate Investing
- 99Designs
- BiggerPockets Podcast Show 100
- BiggerPockets’ Facebook
- BiggerPockets’ Twitter
Books Mentioned in this Show
- Think and Grow Rich by Napoleon Hill
- Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
- You Can Make It Happen: A Nine Step Plan for Success by Stedman Graham
Tweetable Topics:
- “Slow down and learn to focus on that one thing that you want.” (Tweet This!)
- “Just because you own four houses does not make you a real estate expert.” (Tweet This!)
- “Sometimes you’ve got to jump off the roof and get your wings on your way down.” (Tweet This!)
- “You’re going to learn more doing it than reading a book.” (Tweet This!)
Connect with Nasar
- Nasar’s Website
- Nasar’s BiggerPockets Profile
- Nasar’s Youtube
- Nasar’s Facebook
- Nasar’s Twitter
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Have you ever wanted to invest in apartment complexes, but were unsure how to start?
That’s the topic of today’s BiggerPockets Podcast episode, where we sit down with apartment complex investor Jeff Greenberg. Jeff shares a ton of actionable advice on how to analyze, find, and finance larger multifamily investment properties! If you want to benefit from the big potential profits this kind of real estate investing can offer, don’t miss out on this informative episode.
In This Episode We Cover:
- The details of Jeff’s first deal
- How best to fund a commercial property
- What exactly portfolio lending is
- How to start out with no experience
- Why professionalism works in real estate
- What you need to know about LOIs
- Why building relationships matters to your success
- The importance of having a mentor
- How to evaluate a commercial property
- Tips on forming the team you need to start investing
- Jeff’s methods for finding great deals
- Mistakes he made during the course of his career
- And SO much more!
Links from the Show:
- Trivia Email
- BiggerPocket’s News
- LoopNet
- BiggerPockets Ultimate Beginner’s Guide to Real Estate Investing
- 99Designs
- BiggerPockets Forums
Books Mentioned in this Show
- The E-Myth Revisited by Michael E. Gerber
- Rich Dad Poor Dad by Robert T. Kiyosaki
- Rich Dad’s CASHFLOW Quadrant by Robert T. Kiyosaki
Connect with Jeff
- Jeff’s Website
- Jeff’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Have you ever been on vacation and thought, it sure would be nice to own some property down here? Well, that’s the subject of today’s podcast, as we speak with vacation rental property owner Scott Sutherland about how he’s built a profitable business owning and managing his vacation rental properties.
You’ll learn the step by step process for finding potential properties and analyzing them for profitability, as well as financing ideas and tips on managing the short-term renters. Whether you’re already in this real estate niche or you want to get your foot in the door, we’re confident you’ll get some new insight here. Don’t miss this exciting episode!
In This Episode We Cover:
- How Scott got started in real estate investing
- His story of taking time off
- Thoughts on choosing between stocks and real estate
- The concept of control in real estate
- How to get into the niche of vacation rentals
- Strategies for properties that don’t typically cash flow
- What exactly a vacation rental entails
- The ins and outs of vacation rentals, including pros and cons
- How to market your rental property
- What you should know about tenant screening on vacation rentals
- And SO much more!
Links from the Show:
- Trivia Email
- Brandon’s Forum Post on Vacation Rentals
- BiggerPockets Forums
- Evicting Renter from a Vacation Rental Property
- BiggerPocket’s The Book on Investing in Real Estate with No (and Low) Money Down
- HomeAway
- VRBO
- AirBNB
- alexa.com
- 99Designs
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert T. Kiyosaki
- The 4-Hour Workweek by Timothy Ferriss
Connect with Scott
- Scott’s Website
- Scott’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today on the BiggerPockets Podcast we’re excited to bring you another fantastic interview by one of the most successful real estate authors in America.
Jay Papasan is best known to this audience as the co-author of The Millionaire Real Estate Investor (co-written with Gary Keller) which has been our top-recommended real estate book here from BiggerPockets Podcast guests. He also co-authored The Millionaire Real Estate Agent and collaborated on the best selling book FLIP and HOLD. Most recently, Jay is the co-author of The One Thing, which Brandon recently featured as the number one book on his list of the business books that changed his life in 2014.
Jay is also a savvy real estate investor, and he shares his incredible story and strategy with us today!
In This Episode We Cover:
- How Jay got started writing real estate books
- Why real estate agents don’t invest themselves
- How to adopt an investor mindset
- The habits real estate investors hold
- How to do the math when looking at properties
- Insight into The Millionaire Real Estate Investor
- Clever methods for finding deals
- What you should know about “The Domino Effect“
- And SO much more!
Links from the Show:
- BiggerPockets T-shirt
- BiggerPockets Tools for Analysis
- BiggerPockets Podcast Show 105 with Ophelia Nicholson
- BiggerPocket’s The Book on Investing in Real Estate with No (and Low) Money Down
Books Mentioned in this Show
- The Millionaire Real Estate Investor by Gary Keller
- The Millionaire Real Estate Agent: It’s Not About the Money…It’s About Being the Best You Can Be! by Gary Keller
- The Book on Flipping Houses by Mr. J Scott
- The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Resultsby Gary Keller
- Good to Great: Why Some Companies Make the Leap…And Others Don’t by Jim Collins
- The Millionaire Next Door by Thomas J. Stanley
- The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich by David Bach
- Body for Life: 12 Weeks to Mental and Physical Strengthby Bill Phillips
- Go For the Goal by Mia Hamm
- Rich Habits – The Daily Success Habits of Wealthy Individuals by Thomas C. Corley
- Rich Dad Poor Dad by Robert T. Kiyosaki
- The 4-Hour Workweek by Timothy Ferriss
- The Lean Startup by Eric Ries
- The Richest Man in Babylonby George S. Clason
- Rich Dad’s CASHFLOW Quadrant by Robert T. Kiyosaki
- Managing Oneself by Peter Ferdinand Drucker
Tweetable Topics:
- “Start looking at the world as an opportunity.” (Tweet This!)
- “Every house is a surprise.” (Tweet This!)
- “I’d always rather miss 5 or 6 good ones rather than buy one bad one.” (Tweet This!)
- “I’d rather have fewer roofs to manage but have more net worth and cash flow over time.” (Tweet This!)
- “Achievers have a clear sense of priority.” (Tweet This!)
- “Action is how you make progress in life.” (Tweet This!)
- “If I just teach him one thing, where do I begin that has the most impactful way for me to line up my life?” (Tweet This!)
- “You figure out what your focus should be and act that way all the time.” (Tweet This!)
- “The best way to learn something is to teach it.” (Tweet This!)
Connect with Jay
- Jay’s Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Get ready for another incredible episode of the BiggerPockets Podcast! On today’s show we talk with real estate investor and property manager Mark Updegraff about buying homes from little old ladies, managing tenants with less stress — and who has the bigger beard: Brandon or Mark.
If you want to learn about developing a buying criteria, how to get great leads through BiggerPockets, the “extra step” you should most definitely take while screening tenants, and a whole lot more, then don’t miss out on this entertaining show!
In This Episode We Cover:
- What everyone should know about growing beards
- How Mark got started in real estate
- How to find a 100 percent value neighborhood
- Perspectives on Section 8 and slumlords
- The “extra step” you should perform during tenant screening
- Lessons learned from Mark’s very own property management business
- Clever methods for finding deals
- How Mark get leads through BiggerPockets
- Mark’s take on real estate agents
- How to develop a solid buying criteria
- Thoughts on get-rich-quick schemes when it comes to real estate
- And SO much more!
Links from the Show:
- Trivia Email
- 100 Day Challenge
- BiggerPockets Webinar Replay (Pro benefit)
- BiggerPockets Plus and Pro Accounts
- Cheesy Eddie’s
- Zillow
- Trulia
- BiggerPockets Podcast Show 83 with Marcia Maynard
- BiggerPockets Forums
- BiggerPockets Meet
- Google Drive
- BiggerPockets Podcast Show 111
- BiggerPockets Webinar
- BiggerPocket’s The Book on Investing in Real Estate with No (and Low) Money Down
Books Mentioned in this Show
- How We Bought a 24-Unit Apartment Building for (Almost) No Money Down: A BiggerPockets QuickTip Book
- The 10X Rule: The Only Difference Between Success and Failure by Grant Cardone
- The Book on Flipping Houses by Mr. J Scott
- The Fountainhead by Ayn Rand
- The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters by Gregory Zuckerman
Tweetable Topics:
- “We go through our policies up front so they know that we take our business seriously.” Share on Twitter
- “I’m not trying to sell people things that I don’t agree with.” Share on Twitter
- “The secret to why I’ve been so successful is that I don’t screw around.” Share on Twitter
- “The first person to establish a relationship to the other agent has an upper hand when it comes to closing the deal.” Share on Twitter
- “Your net worth is in your network.” Share on Twitter
Connect with Mark
- Mark’s Website
- Mark’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In this episode of the BiggerPockets Podcast, we dig into a real estate niche that, until today, you’ve probably never considered. However, after listening to this entertaining and informative show with guest Jefferson Lilly, we think you’ll be a believer! Join us as we dive into the world of mobile home parks, and learn numerous reasons why a park might be a better investment than either single family or multifamily real estate.
Whether you’re looking for a great, low-barrier first time real estate niche to invest in, or you’re simply looking to expand your growing portfolio — don’t miss out on wealth of knowledge covered in this episode!
In This Episode We Cover:
- How Jefferson got started with value investing
- Why you should emulate Warren Buffet
- How he began investing in mobile home parks
- What you should know about the views on mobile homes in America
- Insight on helping people move from one asset class to the next
- The ins and outs of how investing in mobile home parks works
- How Jefferson got a half million dollar line of credit
- How he got a 50% increase in the affordable housing program
- Discussions on income streams for mobile home parks
- What you need to know about LLCs for mobile home investing
- How to find value in a mobile home
- A great explanation of “cap rate“
- The essential duties of a park manager
- How Jefferson raised funds for his investing
- Why you should use outsourcing & streamlining to manage your business
- And SO much more!
Links from the Show:
- Trivia Email
- BiggerPockets Calculator Suites
- TulsaEstatesMHP Website
- BiggerPockets Forums
- BiggerPockets Blog
- Craigslist
- ParkStreetPartners Fund
- Odesk.com
- Elance.com
- Dropbox
- SquareSpace
- Stripe.com
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- The Snowball: Warren Buffett and the Business of Life by Alice Schroeder
Tweetable Topics:
- “A key point is the ability to think broadly and use OPM — other people’s money.” Share on Twitter
- “It’s about helping people moving from one asset class to the next.” Share on Twitter
Connect with Jefferson
- Jefferson’s Main Website
- LillyandCompany
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Everyone knows rental properties can be a great way to build wealth — but they also generally come with significant hassle and stress. However, today on the BiggerPockets Podcast we sit down and talk with Glenn McCrorey, an investor who discovered a unique and powerful real estate niche that makes his landlording almost completely hassle-free!
Learn insight on renting to family and friends, tips on how NOT to waste your time worrying about your rentals, and ways to lessen the inconveniences that come with managing property. If you value your time but still want to invest in rentals — then don’t miss out on this unique episode!
In This Episode We Cover:
- How Glenn got started on his first property
- What you need to know about renting to family and friends
- The ins and outs of special assessments
- Insight on the condo experience
- Reasons why Glenn and Brandon hold properties that aren’t earning
- What the “hassle factor” is and how you can manage it
- The secrets behind owning worry-free rentals
- How to “live the dream” as a landlord
- And SO much more!
Links from the Show:
- Trivia Email
- BiggerPocket’s The Book on Investing in Real Estate with No (and Low) Money Down
- REO Wells Fargo
- BiggerPockets’ List of REOs
- BiggerPockets’ Forums: What kind of car do you drive?
- BiggerPockets’ Podcast Show 109
- BiggerPockets’ Webinar
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- How I Turned $1,000 into Five Million in Real Estate in My Spare Time by William Nickerson
- The Goal: A Process of Ongoing Improvement by Eliyahu M. Goldratt
Tweetable Topics:
- “Even if you invest with creative measures, you should need to have some sort of reserve.” Share on Twitter
Connect with Glenn
- Glenn’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
No one wants to get sued, but if you plan to build a real estate empire, the question is not so much “if” but “when.” However, we here at BiggerPockets have your back, so today we are bringing on Scott Smith, an incredibly smart and funny asset protection attorney from the great state of Texas! Scott shares with us a variety of tools and tactics you can use in your real estate business to protect yourself from losing the wealth you are working so hard to create.
Be prepared to learn new tips you’ve probably never heard before regarding umbrella policies, building your real estate team, LLCs, trust funds and more. Don’t miss out on this information-packed episode!
In This Episode We Cover:
- Forming an LLC right off the bat
- The ins and outs of Insurance vs. Assets
- Ten things you need to know to protect your assets
- What exactly an Umbrella Policy is and why it might not do what you think it will
- Why you shouldn’t put all your properties under one name
- What you should know about the Delaware Statutory Trust
- Scott’s advanced strategies for real estate investors
- Everything you need to know about LLCs vs. Trust Funds
- Who you need as part of your team when investing
- And SO much more.
Links from the Show:
- BiggerPockets Webinar
- BiggerPockets Wholesaling Calculator
- Trivia Email
- 10 Ways to Protect Your Assets — This document was prepared by Scott Smith to accompany this podcast presentation.
- BiggerPockets Podcast Show 105 with Neal Frankle
- BiggerPockets’ Investing in Real Estate with No Money Down
Books Mentioned in this Show
- The 4-Hour Workweek by Timothy Ferriss
- Rich Dad Poor Dad by Robert Kiyosaki
Tweetable Topics:
- “Rich people don’t own things, rich people control things.” Share on Twitter
- “You don’t really have any friends once you start getting sued.” Share on Twitter
Connect with Scott
- Scott’s BiggerPockets Profile
- Scott’s Email Address
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Prepare to laugh, groan, and be inspired.
On today’s episode of the BiggerPockets Podcast, we sit down with bestselling author, TV pundit, and massively-successful real estate investor Grant Cardone. In one of the most motivating, humorous, inspiring — and inappropriate — podcasts of all 108 shows, you’ll be captivated by Grant’s candor and viewpoints on everything from getting a college education to investing in liberal cities to his definition of success. You’ll also learn how Grant has used the principles outlined in his book, The 10X Rule, to grow his real estate portfolio to a value of $350,000,000. Yes, that’s $350 MILLION dollars.
You are going to love this one.
In This Episode We Cover:
- Grant’s apology to the BiggerPockets Audience…
- Why Grant has NEVER written a business plan
- Why Grant chooses to put his money into real estate
- How Grant analyzes properties to make sure he always makes money
- Grant’s morning and evening routine to keep him motivated
- How Grant finds deals in today’s market
- Why Grant doesn’t advise investing in single family homes
- The easiest property type today to get a loan on
- Why Grant invests in democrat/liberal areas
- The truth about getting picked on, talked about, and made fun of
- The brilliant method Grant used to get a 1000+ unit property although he was outbid by 38 different people
- The unique definition of success to Grant
- Why aren’t more people doing real estate?
- How YOU can become a part owner in Grant’s business
- And SO much more.
Links from the Show:
- The Top 5 Business Books that Changed My Life in 2014
- Hendricks and Partners – Apartment research website
Books Mentioned in this Show
- The 10x Rule by Grant Cardone
- Sell or Be Sold by Grant Cardone
- The ABCs of Real Estate Investing by Ken McElroy
- The 10X Day Planner
- The Secret by Rhonda Byrne
- Think and Grow Rich by Napoleon Hill
- The Greatest Salesman in the World by Og Mandino
- The Problems of Work by L. Ron Hubbard
Tweetable Topics:
- “People are settling for their reality rather than working to their full potential.” (Tweet This!)
- “While you are writing your business plan, I’m in the marketplace building customers.” (Tweet This!)
- “Success is my duty, my responsibility, and my obligation.” (Tweet This!)
- “I buy existing properties that are already producing revenue- and then I do my magic with them.” (Tweet This!)
- “Focus on what you want, every day.” (Tweet This!)
- “Real estate is definitely a timing thing.” (Tweet This!)
- “I don’t believe in diversification…Find the right vehicle and go all-in.” (Tweet This!)
- “If you don’t know you made money on the day you bought it, that was a bad deal.” (Tweet This!)
- “Whatever you are criticizing, it’s your problem not their problem.” (Tweet This!)
- “If people don’t know who you are, you aren’t buying their property.” (Tweet This!)
- “Every time I get money, I go broke again because I shove it into this real estate thing.” (Tweet This!)
- “We are a renter-nation.” (Tweet This!)
- “If you could get half the US population to hate you – you could be the President.” (Tweet This!)
- “Success is the difference between my reality and my potential.” (Tweet This!)
- “I’m not interested in ‘happy.’ I’m interested in ‘meaning.'” (Tweet This!)
- “You’re going to have problems, what kind of problems do you want? I want big problems.” (Tweet This!)
Connect with Grant
- Grant’s Website
- Grant’s Real Estate Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Many new investors lose money on their first, second, and third deal. There is a steep learning curve when trying to invest in real estate and, while the loss is painful, it’s very common. However, not for today’s guest. Today we sit down with Jonathan Makovsky, a new investor from the tri-state area who had incredible success right out of the gate!
If you are a new investor trying to find the right way to get started or if you’ve been investing for years but want to improve your game – don’t miss this impressive interview with Jonathan!
In This Show We Cover:
- How Jonathan got started with a push from mom
- Tips on taking advice to best push your business forward
- Exactly how many houses Jonathan looked at per day in search of a deal
- The benefits of having a real estate license
- The lessons to be learned by failing on your first deals
- How to use direct mail for marketing
- The details of Jonathan’s first property, purchased for $150,000
- How to find a partner through BiggerPockets
- What exactly “racer math” is
- The pros and cons of letters and postcards
- Jonathan’s experiences with office building
- How to make a partnership work
- Tips on using BiggerPockets as a tool for success
- Plus MUCH more!
Links From the Show:
- BiggerPockets’ Plus and Pro
- BiggerPockets’ Wholesaling Calculator
- BiggerPockets’ Podcast Show 106
- BiggerPockets’ Podcast Show 92
- 7 Years to 7 Figure Wealth
- BiggerPocket’s Events and Happenings
- Forbes
- The Wall Street Journal
Books Mentioned in the Show
- The Book on Flipping Houses by Mr. J Scott
- Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
- What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measuresby Frank Gallinelli
- How to Win Friends & Influence Peopleby Dale Carnegie
Connect with Jonathan
- Jonathan’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Is it possible to build a large real estate business without the use of banks? Our guest today, Mike Sumsky, shows us that it’s not only possible – but can be incredibly beneficial! Mike has done well over 100 deals in the past several years using a variety of creative finance methods and shows you how you can do the same.
Listen for great tips on obtaining private money, finding deals by knocking on doors, and other innovative strategies for building your real estate business. Whether you want to overcome a lack of funding or you just want to explore creative ways to raise capital, this is an episode you don’t want to miss!
In This Show We Cover:
- Mike’s thoughts on creative real estate investing
- How he got his first properties
- Investing while losing a job
- The beauty of taking action without knowing everything yet
- How to get your first deal from knocking on doors
- The anatomy of a short sale
- Tips on applying for a bank loan
- How to learn while doing
- Closing on a house with less than 5 thousand dollars
- What “Subject To” type deals are
- Everything you need to know about private money
- How to become “the prize” in each transaction
- Plus MUCH more!
Links From the Show:
- BiggerPockets’ Trivia (email)
- BP Podcast Show 105
- Video of the flood with Brandon
- And another video
- BiggerPockets’ List of Real Estate Meet ups
- CreditKarma
- BiggerPockets Forums
- Buildium
Books Mentioned in the Show
- Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
- Think and Grow Rich by Napoleon Hill
- Pitch Anything: An Innovative Method for Presenting, Persuading, and Winning the Deal by Oren Klaff
- Landlording on Auto-Pilot by Mike Butler
- The E-Myth : Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber
- Work the System by Sam Carpenter
Connect with Mike
- Mikes’s BiggerPockets Profile
- Mike’s Blog
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Prepare to be inspired and motivated after listening to today’s episode of the BiggerPockets Podcast! In this program we sit down with Ophelia Nicholson, a house flipper from the Maryland area who got started with real estate while working a minimum wage job. You’ll learn how she broke out of that life and was able to quit her job to become a full time, successful house flipper, working on multiple properties at once!
Listen for insightful tips on applying for a loan, learning to be a landlord, partnering with family members and quitting your job for real estate. If you’re wondering whether it’s possible to make your investing dreams come true, don’t miss out on this episode — it’ll give you great insight into how you CAN make it happen!
In This Show We Cover:
- How Ophelia got started investing
- The story of her “first small house“
- How to buy a house on a minimum wage salary
- Tips on applying for a loan
- The experience of becoming an accidental landlord
- What to do if you’re sued by your renter
- Lessons about starting out as a landlord
- Ophelia’s on and off relationship with real estate
- The pros and cons of partnering with family
- How to put 15 properties under contract in 30 days
- Quitting your job for real estate
- Thoughts on women getting into real estate investing
- Plus MUCH more!
Links From the Show:
- BiggerPockets’ Trivia (email)
- BP Podcast Show 104
- BiggerPocket’s Real Estate Analysis Software
- BiggerPockets’ List of Hard Money Lenders
- BiggerPocket’s Flipping Book
Books Mentioned in the Show
- The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties by J. Scott
- Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
- The 10X Rule: The Only Difference Between Success and Failure by Grant Cardone
- The Trick to Money Is Having Some by Stuart Wilde
Connect with Ophelia
- Ophelia’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Real estate investing has the power to change your life. Today on the BiggerPockets Podcast, we chat with an investor who’s tried his hand at everything from house flipping to new construction — and much more! Our guest Todd Whiddon shares with us how he is building a massively successful business while still making big plans to achieve the life of his dreams. Listen for tips on how Todd has handled failure and come out the other side stronger for it, as well as his input on successfully building a solid team and managing a business.
Whatever avenue of real estate investing you’re focusing on, don’t miss out on this episode! It’s sure to leave you inspired and motivated to take your investing to exciting new places.
In This Show We Cover:
- How Todd got started in real estate after the collapse of this multimillion dollar company.
- The story of his “two starts” in real estate
- Flipping property after the crash
- The ins and outs of Todd’s “live and flip” strategy
- Why you might want to run a real estate business like a cabinet business
- Tips for building a top notch team
- How to successfully manage a business
- Problems Todd has faced in his real estate career
- The huge flooring mistake Todd made when he started flipping houses
- The details of how tax sales work
- Lessons on performing due diligence on a property
- How to transact a business the right way
- Plus MUCH more!
Links From the Show:
- BiggerPockets’ Files
- Diary of a New Construction Project
- Global Leadership Organization
- BiggerPocket’s Flipping Book
- BiggerPocket’s Support (email)
- Diary of a POP TOP Second Story Addition Project – Todd’s Amazin BP Forum Thread
Books Mentioned in the Show
- The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties by J. Scott
- The 4-Hour Workweek by Timothy Ferriss
- The E-Myth : Why Most Small Businesses Don’t Work and What to Do About Itby Michael E. Gerber
- Getting Things Done: The Art of Stress-Free Productivityby David Allen
Connect with Todd
- Todd’s BiggerPockets Profile
- Todd’s LinkedIn Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Is it possible to invest in real estate at a distance — successfully?
While many might say “no,” today on the BiggerPockets Podcast we bring you Elizabeth Colegrove, who is working on securing her and her husband’s retirement by investing in one home at a time, largely from a distance. Learn the ins and outs of long distance property management and what to look for when deciding on properties to invest in.
From “house hacking” to 1031 exchanges to long distance investing and more, this show is packed with wisdom (and debates) that are bound to inspire you to move your business forward, no matter where you live and where you invest.
In This Show We Cover:
- How Elizabeth got started in real estate
- How she was introduced to real estate when she was young
- Discussions about 1031 deals
- Some tips on getting VA loans
- Tips for new investors in looking for a property
- How to successfully use short sales
- Self managing from a distance
- What type of properties she buys
- How she handles costs and how she calculates them
- Her future real estate goals
- A perspective on appreciation
- Plus MUCH more!
Links From the Show:
- BiggerPockets’ Plus and Pro
- BiggerPocket’s Short Sale Definitive Guide
- The Short Sale Process
- Elizabeth’s post on Short Sales
Books Mentioned in the Show
NOLO Legal Books
Connect with Elizabeth
- Elizabeth’s BiggerPockets Profile
- Elizabeth’s Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Have you ever struggled to get to the next level with your real estate investing?
On today’s episode of the BiggerPockets Podcast, we sit down with real estate wholesaler and self-proclaimed “struggling investor” Scott Costello. In this riveting interview, you’ll learn why real estate investing is never as easy as it might appear and how to overcome the struggles that everyone faces to find success. Listen for awesome tips on how to break into the real estate industry, advice on getting into wholesaling, and how to motivate yourself amidst the everyday struggles investors face.
If you’re looking for some great motivation and useful tips, don’t miss this inspiring interview!
In This Show We Cover:
- How Scott got started in real estate thanks to a book
- What took him so long to get his beginning
- How he used wholesaling to get his foot in the door
- Why personality matters in deciding what path to take in your investing
- General advice for wholesalers
- The ins and outs of starting real estate with a full time job
- How to find a partner to invest with
- Scott’s method of targeting absentee owners from tax records
- What keeps him going as an investor
- The everyday struggles real estate professionals face
- Things Scott would have done better if he could do it again
- The importance of establishing a website
- The best and worst deals Scott has ever done
- Tips on using the Internet to market your next wholesale deal
- And MUCH more!
Links From the Show:
- BiggerPockets Webinar
- Blogmutt.com
- BiggerPockets Marketplace
- BiggerPockets Plus and Pro Accounts
Books Mentioned in the Show
- Rich Dad Poor Dad by Robert Kiyosaki
- Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
- How to Win Friends & Influence Peopleby Dale Carnegie
Connect with Scott
- Scott’s BiggerPockets Profile
- Scott’s Business Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Ever wonder what real estate investing looks like from a real estate agent’s perspective?
On today’s episode of the BiggerPockets Podcast, we sit down with Dawn Brenengen, a real estate agent-turned-landlord and discuss how she made the transition into the investing world, as well as her tricks and tips for success as a landlord. Along with important insight into the real estate licensing process, Dawn covers property management, house hacking, and a whole lot more! Listen for advice on finding a great property, handling everyday rental issues and finding that elusive “ideal” tenant. And in case you were wondering when it’s appropriate to bend the “2% Rule” — this episode explores that, too!
Whether you have experience as a real estate agent or not, don’t miss this inspiring show!
In This Show We Cover:
- How Dawn got started in real estate
- Thoughts on being a licensed real estate agent
- The qualities that make a successful agent
- A real estate agent’s perspective on what investors are looking for
- The 2% rule — and how to know when to bend it
- Importance characteristics of a great property
- The process of “house hacking“
- What you need to know about property management
- How to handle tenant issues with grace
- The process of qualifying tenants
- Different perspectives on owning a home
- The ins and outs of establishing relationships with property managers
- The pros and cons of self management versus hiring the job out
- Tenant red flags and finding the ideal tenant
- Plus MUCH more!
Links From the Show:
- The Real Estate Agent’s Ultimate Guide to Working with Investors
- Brandon’s article on House Hacking
- Podcast Episode with Chris Clothier
- BP Podcast Show 100
- Resident Research
- List Hub
- Zillow
- Trulia
- CraigsList
- BiggerPockets Forum
- ActiveRain
- Be a Guest on the Podcast
Books Mentioned in the Show
- Rich Dad Poor Dad by Robert Kiyosaki
- Lean In: Women, Work, and the Will to Lead by Sheryl Sandberg
- I Shouldn’t Be Telling You Thisby Kate White
Connect with Dawn
- Dawn’s BiggerPockets Profile
- Dawn’s Facebook
- Dawn’s LinkedIn
- Dawn’s Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
For the 100th episode of the BiggerPockets Podcast, we bring you the interview that you’ve been asking for since the beginning: the story of Joshua Dorkin, CEO of BiggerPockets and host of the BiggerPockets Podcast.
Learn about Josh’s journey from real estate investing newbie to BiggerPockets founder — and all of the obstacles he had to overcome along the way. Get insider information on topics from starting your own business to property management and HOAs. And leave inspired to tackle your own hurdles and get your real estate endeavors off the ground!
For BiggerPockets fans old and new, this is an instant BiggerPockets Podcast classic you won’t want to miss. Get ready to learn more about the man behind the BiggerPockets curtains!
In This Show We Cover:
- How Josh got started in Real Estate
- The ins and outs of beginning your own business
- Thoughts on getting your real estate agent’s license
- How to get into Real Estate without any prior knowledge about it
- The importance of properly assessing a property
- What you need to know about HOAs
- Josh’s thoughts on appreciation
- Lessons regarding investing from a distance
- How BiggerPockets got its start
- Why BiggerPockets is hard on real estate gurus
- Why you should be authentic when using BiggerPockets
- The importance of building relationships online
- And MUCH more!
Links From the Show:
- Brandon Turner’s Book on Amazon
- BiggerPockets Files
- BP’s Ultimate Beginner’s Guide to Real Estate Investing
- BiggerPockets Keyword Alerts
- BiggerPockets Marketplace
- BiggerPockets Plus and Pro Accounts
- BiggerPockets Support
- Should I Get My Real Estate License? An Investor’s Examination of Benefits & Costs by Mindy Jensen (The blog post Josh referred to!)
- SNL Appearance
Books Mentioned in the Show
- Four Hour Workweek by Timothy Ferriss
- Rich Dad Poor Dad by Robert Kiyosaki
- The Richest Man in Babylon by George S. Clason
- Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
- Rework: Change The Way You Work Forever by Jason Fried & David Heinemeier Hansson
- The CEO Code by David Rohlander
Connect with Josh
- Josh’s BiggerPockets Profile
- Josh’s Twitter
- Josh’s Facebook
- Josh’s LinkedIn
- Josh’s GooglePlus
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today on the BiggerPockets Podcast we’re excited to bring you another “newbie podcast” with 3 new real estate investors who are excited to share with you the story of their very first real estate deal! This episode we are talking with three investors who share a common trait: they all have a deep understanding of personal finance and it’s role in the real estate investing space and write about it online!
Today you’ll hear from Scott Trench, Lauren Bowling, and Philip Taylor as they share how they found their first deal, financed it, manage it, and more. We cover everything from house hacking to creative finance, dealing with fear, and numerous other topics so, without further suspense, let’s get to the show!
In This Show We Cover:
- How to find deals in a hot market
- Finding and working with a great agent
- Down payments: how much is really needed?
- Three different “house hacking” methods (one from each guest!)
- Using government programs to finance properties
- Wrapping repairs into the loan and creating immediate equity
- The one rule you need when renting to family or friends
- How to thrive when your home is worth less than you paid for it
- Doing your own work vs. hiring it out
- How to cash flow your property and save on taxes at the same time
- The #1 personal finance tip from each guest
- Plus MUCH more!
Links From The Show:
- BiggerPockets Ad Sales
- Confessions of an Ex-Banker: How to Get Your Next Loan Approved, Guaranteed.
Books Mentioned in the Show
- Four Hour Workweek by Timothy Ferriss
- Rich Dad Poor Dad by Robert Kiyosaki
- The Richest Man in Babylon by George S. Clason
- The Millionaire Next Door by Thomas J. Stanley
- The Millionaire Real Estate Investor by Gary Keller
- Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
- BiggerPockets’ Ultimate Beginner’s Guide to Real Estate Investing
- Overwhelmed: Work, Love, and Play When No One Has the Time by Brigid Schulte
- The Skinny on Real Estate Investing: An Introduction to the Subject by Jim Randel
- The E-Myth : Why Most Small Businesses Don’t Work and What to Do About Itby Michael E. Gerber
- The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime by MJ DeMarco
Connect with Scott
- Scott’s BiggerPockets Profile
Connect with Lauren
- Lauren’s Blog – LBeeAndTheMoneyTree.com
- Lauren’s Twitter
- Lauren’s Instagram
- Awkward Money Chat
Connect with Philip
- Philip’s Blog – PTMoney.com
- Philip’s Blog detailed post about his cash flow report on his rental
- Philip’s Twitter
- FinconExpo
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What does it take to buy, sell, and broker over $1,000,000,000 in real estate?
That’s what you’ll discover in today’s podcast episode when we sit down with Allan Glass, a real estate entrepreneur from sunny Southern California. In this hour long interview, you’ll learn how Allan used his skills as a commercial real estate broker to build his own portfolio and “piece together” deals that are truly “win-win-wins.”
If you are looking to take your business to a whole new level, don’t miss this show!
In This Show We Cover:
- How Allan got started as a commercial broker in LA
- Thoughts on obtaining a Real Estate Finance Degree
- How Allan was able to profit despite getting started in the worst time to have career in real estate
- The two “book ends” Allan looks for to decide where to invest.
- How Allan shifted from an employee to starting his own business in the restaurant industry
- Why you should always have a backup plan
- The importance of continuing education and taking up a Masters in Real Estate Development
- Why functional obsolescence is vitally important to an investor
- How Allan manage to invest in numerous different property types
- How to add value to real estate and profit from it
- How Allan finds deals in any market.
- Allan’s ‘secret sauce’ of real estate investing
- Mistakes real estate investors make (including Allan)
- And lots more!
Links From the Show
- Loopnet
- Costar
Books Mentioned in the Show
- Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
- The Reluctant Metropolis: The Politics of Urban Growth in Los Angeles by William Fulton
- Lucky Or Smart?: Fifty Pages for the First-Time Entrepreneur by Bo Peabody
Connect with Allan
- Allan’s BiggerPockets Profile
- Allan’s Website
- Allan’s Facebook
- Allan’s LinkedIn
- Allan’s Twitter
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Itching to quit your 9 to 5 to become a full time investor, but don’t know how to get there? This week, we sit down with an investor who has done just that — despite obstacles that could have discouraged his plans had he not been persistent and kept an eye on his end goal.
Listen as Kyle Pettit shares with the BiggerPockets Podcast his story of breaking into the rental and wholesaling sides of the real estate industry, including tips on screening tenants, expanding your marketing reach and tackling the challenges that come with working from home. If you’re struggling to make your mark in world of real estate and wondering when that pivotal point of becoming a full time investor will ever happen, this is the motivation you’ve been waiting for.
Newbies and experienced investors alike, don’t miss out on this informative, entertaining episode!
In This Show We Cover:
- Details on Kyle’s first deals
- The ins and outs of an REO deal
- What you need to know about hard money lenders
- The importance of building relationships early on
- How to be persistent despite setbacks on a wholesaling deal
- Important information about lease options
- How to find a good company for screening tenants
- Getting started with postcards and yellow letter campaigns
- Why you should always background check the people you work with
- How to handle phone calls through a virtual phone system
- Quitting your day job to focus on real estate
- Tips on finding and handling sellers
- The keys to expanding your real estate marketing
- What you should expect being a full time real estate investor
- Managing distractions and working at home
- And lots more!
Links From the Show
- BiggerPockets Webinar
- RealtyShares
- Hard Money Lenders
- MySmartMove
- FreedomVoice
Books Mentioned in the Show
- Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
- Making Big Money Investing in Foreclosures: Without Cash or Credit by Peter Conti and David Finkel
- How to Win Friends & Influence People by Dale Carnegie
- Rich Dad’s Guide to Investing by Robert Kiyosaki
Connect with Kyle
- Kyle’s BiggerPockets Profile
- Kyle’s Website
- Kyle’s Facebook
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Real estate investing isn’t always about the speed of the chase – sometimes patience is key and the amount of deals you close might not be as important as the quality of each deal.
If you’d like to hone your deal-finding skills and knowledge of your local market, don’t miss out on this BiggerPockets Podcast episode, where we sit down with Anson Young to discuss the art of unearthing great deals, which properties are the best to flip, and how to handle a hot real estate market.
Anson got started in the real estate world back in 2004, when he moved to Arizona and bought his first house. A year later, he sold the property and moved back to Denver with his first big check, and he has been in the Colorado real estate game ever since. Exploring many sides of real estate investing, he’s found a niche in the wholesaling market and continues to grow his network and expertise of the local real estate environment.
If you want to hear more about the many forms of real estate investing and how to break into your local market, be sure to check out this episode!
In This Show We Cover:
- The key to being a good wholesale buyer
- The ins and outs of ARV and what it means to the real estate market
- Where the best areas are to purchase based upon neighborhood location
- How to understand localized real estate
- The dos and ds of co-wholesaling
- The differences between flipping and rehabbing
- How to target your best buying audience
- Whether you should use pre-foreclosure lists or not
- Who the best people to invest with are
- The most efficient way to find a private lender
- Whether a BPO is the way to go
- When you should make a package sample deal
- How to attract financiers when you are new to real estate
- Which types of properties make the best house flips
- And lots more!
Links From the Show
- The BiggerPockets Forums
- BiggerPockets Calculator
- BiggerPockets Blog
Books Mentioned in the Show?
- The Book on Flipping Houses by J. Scott
- Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
- The TenX Rule: The Only Difference Between Success and Failureby Rabbi Grant Cardone
- The Effective Executiveby Peter Drucker
Connect with Anson
- Anson’s BiggerPockets Profile
- Anson’s Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
If nothing else, investing in real estate is an adventure, as well as an ever-evolving learning process, where you can alter your focus to align with the needs of yourself, your clients, and your family. This week on The BiggerPockets Podcast, we’ll learn all about what it takes to branch out in your real estate investing endeavors with our guest Curt Bidwell.
Curt’s first real estate opportunity arose while he was working as a pastor, when a few good friends asked if he wanted to partner with them on a local fourplex. Since then, he’s acquired quite a portfolio of real estate, including sixplexes, duplexes, new construction, single family homes, townhomes, and mixed properties. He’s done it all — and now he’s even gotten his kids involved! Listen for interesting tips on how to creatively invest, the best ways to find good tenants, as well as how to encourage your kids to get interested in finances and real estate along the way.
In This Show We Cover:
- What makes a good partnership
- How to get started with mixed rental properties
- Ways to keep your children motivated and setting goals
- Where to find the best commercial locations to increase your real estate value
- The positives of renting out large family homes
- How to choose whether you should have in-house management for your multi-unit rentals
- Methods to teach your children to be financially wise
- The best ways to go about obtaining lines of credit for your properties
- Ways to creatively invest and finance your rentals
- What exactly a 1031 exchange is
- Helpful tips to finding a good location manager
- How to work with local commercial lenders
- Best ways to screen your tenants
- And lots more!
Links From the Show
- BiggerPockets Success Stories
- The BiggerPockets Forums
Books Mentioned in the Show
- Rich Dad Poor Dad by Robert Kiyosaki
- Gary Keller’s The Millionaire Real Estate Investor
- Thou Shall Prosper: Ten Commandments for Making Money by Rabbi Daniel Lapin
- The Effective Executive by Peter Drucker
Connect with Curt
- Curt’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Starting out in the world of house flipping and landlording can be taxing and a lot to take on at first, but it’s all a learning experience, which is why we want you to get to know a master at both, Michael Siekerka.
Michael’s first real estate investing experience was just six months after he graduated college, when he occupied his first purchase by doing a fix and flip. After years of rehabbing properties by partnering with friends for quick income, he eventually found his niche in buy and hold properties. In this informative episode, Michael shares with us how he manages his properties, the criteria he uses to find new places to rent out and the methods he follows to work successfully with hard money lenders and agents to boost his revenue. This is a show to hear if you’re in the market for success!
In This Show We Cover:
- How to partner with friends correctly
- How to go from a fix and flip business plan to buy and hold properties
- Learning to finance correctly
- The dangers of using hard money lenders
- The pros of working with a real estate agent
- How to handle a basement leak — after the property is on the market
- Collaborating with commercial lenders
- Why working a job AND investing can be an ideal setup
- Making sure you have a Plan B
- The positives of working with a showing agent
- How his focuses have changed since his first purchase
- Importance of vetting tenants
- Why you should get references for prospective property managers
- And lots more!
Links from the Show
- Hotpads
- Postlets
- BiggerPockets.com/analysis
- The BiggerPockets Forums
Online Rent Pay Tools Mike Recommends
- Intuit
- Google Wallet
- Chase QuickPay
Books Mentioned in the Show
- Commercial Mortgages 101 by Michael Rinehart
- Tim Ferriss’s The Four Hour Work Week
Connect with Mike
- Mike’s Website
- Mike’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Many people take their time in building their real estate investing… but not today’s guest, who has used his incredible marketing skills to do more than 400 deals in the past five years!
Erik Stark got his start after he had been flipping cars out of high school and wanted to move on to bigger, better things. Since then, Erik has tried his hand at wholesaling, as well as purchasing single family homes, commercial property, bulk estates, multi-family homes, and more — by his estimation, closing over 400 deals. Learn how he implements creative, eye-catching marketing techniques we can (almost) guarantee you’ve never heard of, as well as how he chooses which types of investments to make within his market.
Erik’s business philosophy of adding value to others’ lives through his deals will leave you inspired, and his many unique tips will have you reaching outside the box for innovative ways to grow your business. Don’t miss out on this information-packed episode!
In This Episode We Cover:
- How Erik got his start by flipping cars near Detroit
- Why embracing networking as a lifestyle can be life-changing
- The importance of focusing on a well-executed marketing plan
- How buying a house in a C-Class neighborhood can help finance a house in an A-Class neighborhood (see: napkin sketch below)
- The benefits of doing business in a market you know
- How to decide your focus within the real estate market
- What exactly a “swipe file” of competitors is and how it can help YOU
- An innovative way to execute direct mail when you don’t have the money
- What to look for in a partnership
- The genius marketing technique known as the “drunk letter“
- The importance of loving what you do and waking up inspired
- And LOTS more!
Links from the Show
The Book on Investing in Real Estate with No (and Low) Money Down by Brandon Turner
Books Mentioned in the Show
- Don’t Get Voted Off Real Estate Island by Mike Cantu (not on Amazon)
- Principles of Marketing by Theodore N., Maynard, & Davidson, William Beckman
- Real Estate Rewind – BiggerPockets Community Book
Connect with Erik
- Erik’s BiggerPockets Profile
- Erik’s Facebook
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What would you do if you didn’t need money to invest in real estate anymore?
That’s the question we tackle today on the BiggerPockets Podcast as we interview one of our own… Brandon Turner, to learn how he’s purchased over $2,000,000 of real estate with almost no money of his own! Brandon, although co-host on the BiggerPockets Podcast, is also an avid real estate investor who rarely-if-ever puts his own money into his deals. In this groundbreaking episode, Josh interviews Brandon about how he built his business using creativity rather than cash and the lessons that he learned along the way.
This episode will leave you inspired, refreshed, and with a laundry list of new ideas to use in your investing business to invest with less (or none) of your own cash!
In This Episode We Cover:
- The method Brandon used to buy his first house and make $20,000
- The one conversation that almost derailed his entire investing future
- How Brandon bought two homes of one of the world’s most famous rockstars – and didn’t know it
- The mistake that almost destroyed his business on the first hard money deal
- How Brandon bought a 24 unit apartment building for no money out of pocket
- The downside to several “no and low money down” strategies
- Getting a partner to fund 100% of the down payment
- Where to find great real estate deals – no matter how hot your market is
- The legal entity Brandon uses to hold his properties and why
- Brandon’s #1 productivity tip
- And LOTS more!
Links from the Show
- How to Rent Your House: The Definitive Step by Step Guide
- Tenant Screening: The Ultimate Guide
- BP Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy
- BP 009: Using Hard Money Lenders to Grow Your Business with Ann Bellamy
Books Mentioned in the Show
- The Book on Investing in Real Estate with No (and Low) Money Down by Brandon Turner
- Rich Dad Poor Dad by Robert Kiyosaki
- The ABCs of Real Estate Investing by Ken McElroy
- The Unofficial Guide to Real Estate Investing by Spencer Strauss and Martin Stone
- Landlording on Autopilot by Mike Butler.
- The Lean Startup by Eric Reis
- The One Thing by Gary Keller
- Pitch Anything by Oren Klaff
- The Total Money Makeover by Dave Ramsey
- The Four Hour Workweek by Timothy Ferriss
Tweetable Topics
- “It’s better to have 50% of a great deal than 100% of no deal.”
- “The foundation of a great creative real estate investment is an incredible deal.”
The Book on Investing in Real Estate with No (and Low) Money Down
Is Your Lack of Cash Holding You Back From Your Real Estate Dreams? Don’t let the contents of your wallet define your future. Discover the real life strategies that smart investors are using in today’s market to invest in real estate with creativity!
In The Book on Investing in Real Estate with No (and Low) Money Down, active real estate investor and co-host of the BiggerPockets Podcast Brandon Turner takes readers past the hype and dives into real life strategies that investors across the world are using to invest in real estate using creativity – instead of their own cash.
In this book, you’ll explore:
- Numerous Strategies to Mix and Match – Creative investing requires a creative mind, and this book will share numerous examples of creative deal-making.
- Get Started with No Money or Experience – Looking for your first deal? Learn the best strategies for getting your feet wet without paying thousands!
- The Ugly Side of Creative Investing – Learn the downsides to all the strategies mentioned in this book, as well as tips for overcoming those problems.
- Attract Private Money, Lenders, and Partners – There are millions of millionaires walking the streets. Discover the best way to attract them to you.
- Wholesaling, Flipping, Rentals, and More – No matter what niche or strategy you plan to use to build your real estate empire, this book can help you proceed.
- The Truth About No Money Down Investing – Investing with little to no money down is possible, but it’s not about some step by step strategy. It’s about a mindset.
Click here to get your copy of the book now!
Connect with Brandon
- Brandon’s BiggerPockets Profile
- Brandon’s Twitter
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Getting your first few real estate deals can be exceptionally tough -- which is why today we wanted to introduce you to an investor who is just wrapping up his first INCREDIBLE year as a wholesaler: Ben Grise. During his first year, Ben earned more from wholesaling than most Americans earn from their jobs -- all while working a separate full time job, getting married, and having a baby! If you find yourself stressed, overworked and unsure of how to fit everything into your life -- this is a "can't miss" episode!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Don’t miss this special feature, as we come to you live from FinCon 2014 for Podcast 90!
In a BiggerPockets Podcast first, we sit down and chat live with financial conference attendees Matt Giovanisci from New Jersey, Romeo Jeremiah from Detroit and KC Beavers from Rochester, NY, three real estate investor newbies with fascinating stories and great tips for beginning investors and veterans alike! Hear from “accidental landlords” — a growing breed of property owners — firsthand, and let yourself be regaled by tales proving that first time investors CAN achieve success from the get go. A unique and high energy recording, this is one episode you’ll definitely want to tune in for!
In This Show We Cover:
- Getting stuck with a property during the economic downtown
- The decision to rent by default, ie. the “Accidental Landlord” situation
- The art of staging a space to rent it out fast
- What exactly a “Streamline Refinance” entails
- The pros and cons of renting from afar
- Why finding a (trusted) property manager can be crucial
- The simple way to fix a garbage disposal you may not know
- A great first-time house flip success story
- How to start out with a 24-unit apartment building
- The concept of “Forced Appreciation”
- Wealth creation vs. wealth preservation
- The importance of thoroughly vetting tenants
- The ins and outs of using Real Estate to diversify your portfolio
- How to get a loan on a commercial property
- And so much more!
Books Mentioned in the Show
- The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss
- The Millionaire Real Estate Investor by Gary Keller
- The E-Myth : Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber
Tweetable Topics
- “You can never learn enough about this [industry].” (Tweet This!)
- “Just take action, just go for it…but make sure it was a risk worth taking.” (Tweet This!)
- “There’s not going to be a single path for someone to take.” (Tweet This!)
Connect with Matt
- Matt’s Website
Connect with Romeo
- Romeo’s Website
- Romeo’s BiggerPockets Profile
Connect with KC
- KC’s Website
- KC’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Looking to be inspired?
Today on The BiggerPockets Podcast we sit down and chat with Engelo Rumora, a real estate investor with a fascinating story that involved dropping out of high school, playing professional soccer, and building up a massive real estate investment business across two continents! Don’t miss this incredible interview where we cover numerous topics ranging from getting started, flipping houses, networking with potential lenders, finding (and working with) mentors, running a growing business at a young age, and a lot more!
In This Show We Cover:
- How Engelo got his start in Real Estate Investment
- The challenges of jumping in without formal education
- Valuable tips on effective networking
- The varied & diverse deals Engelo has made in his career so far
- Why he decided to move from Australia to the US
- Details on his first deal (and why he almost got killed because of it!)
- The 3 essential traits every investment partner should have
- How to avoid shady operators
- Tips on how to find the most promising properties
- How Engelo and his team finance their deals
- The keys to managing a business from a young age
- What he’s learned about building a brand and marketing a business
- Engelo’s vision for the future of his company
- And so much more!
Books Mentioned in the Show
- Rich Dad Poor Dad by Robert Kiyosaki
- Think and Grow Rich by Napoleon Hill
- How to Win Friends & Influence People by Dale Carnegie
Tweetable Topics
- “Formal education will you earn you a living, while personal development will give you a lifestyle.” (Tweet This!)
- “Many people are school smart, but life-dumb.” (Tweet This!)
- “No matter how many times you get hit, you just got to pick yourself up and keep going.” (Tweet This!)
- “Passion definitely inspires passion.” (Tweet This!)
Connect with Engelo
- Engelo’s Personal Website
- Engelo’s Company Website
- Engelo’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today we’re thrilled to chat with New Jersey real estate investors Matt and Liz Faircloth on The BiggerPockets Podcast, covering everything from the challenges of working with a spouse to purchasing a 10,000 square foot office space!
Matt and Liz have been hooked on real estate since buying their first single family home in 2002. After years of self education, their fair share of learning pains and a healthy dose of hard work, the couple now owns over 100 units and has accomplished around 15 fix and flips. Employing a team of 11, their mission statement is to “revitalize Urban America” and to “transform lives through real estate.” Pick up some great tips on building an empire from the bottom up, choosing the best kinds of financing and earning that all-important track record of success. It’s all here, so don’t miss out!
In This Show We Cover:
- How Liz and Matt got their start in real estate as an engaged couple
- The pros and cons of working with your spouse
- How to successfully get organized
- The importance of making a business plan from the get-go
- The ins and outs of bookkeeping in a home business (program recommendations included!)
- What you stand to gain from a tax deferred exchange
- The thrills — and challenges — of buying a 10,000 sq. ft. office space
- The all-important skill of flexibility (or “learning to pivot“)
- How to gain wealth through commercial real estate
- The intricacies of private equity, private lending, forming LLCs & LLPs (and more!)
- Proof that you CAN see 20-40% returns with no money down
- How to add value to a real estate investment team without putting money up
- The definitive guide to finding great employees for your business
- Why modular homes may be your safest bet
- The worst rehabbing nightmare ever (involving lawsuits, water damage — and a total lack of foundation)
- And so much more!
Books Mentioned in the Show
- The Lean Startup by Eric Reis
- Rich Dad’s Cashflow Quadrant by Robert Kiyosaki
- Real Estate Riches: How to Become Rich Using Your Banker’s Money by Dolf de Roos
- The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber
- Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth by T. Harv Eker
Tweetable Topics
- “So if the game plan goes wrong, have a B, have a C, have a D.” (Tweet This!)
- “Do things that you’re good at and that you enjoy…bringing your real passions to a task is key.” (Tweet This!)
- “Single family home, multi family home — whatever your plan is, get really good at it.” (Tweet This!)
Connect with Matt & Liz
- Matt & Liz’ Company Website
- Matt’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Failure is no stranger in the real estate industry which is why we are excited to bring Nathan Brooks to The BiggerPockets Podcast today, an investor who knows firsthand that real estate can be tough!
Nathan is an investor (both flips and rentals) from Kansas who went through a very difficult period during the real estate crash, losing all his properties and filing bankruptcy due to a shady partner and jumping in too quickly. Nathan has since emerged as a much stronger real estate investor and carries an incredible story with numerous lessons to share. Get ready to learn how failure can transform your life!
In This Show We Cover:
- How Nathan found his first business partner at lunch
- Why Nathan bought two houses as a newbie – and lived to regret it
- How to find partners through BiggerPockets
- The opposite of paralysis by analysis
- How Nathan ended up filing bankruptcy
- Nathan’s current (more conservative) investing strategy
- Dealing with tenants in a $20k property
- How to make a unit stand out among the competition
- Dealing with “Cat Ladies” and “Hoarder Houses“
- How Nathan finds deals
- Finding mentors and lenders on Craigslist?
- How to find a real estate-minded attorney
- And so much more!
Books Mentioned in the Show
- The Millionaire Real Estate Investor by Gary Keller
- The Unofficial Guide to Real Estate Investing by Spencer Strauss and Martin Stone
- The Four Hour Workweek by Timothy Ferriss
- Unlimited Power : The New Science Of Personal Achievement by Anthony Robbins
Tweetable Topics
- Don’t go into business with someone you don’t know. It’s just stupid. (Tweet This!)
- The lessons I’ve learned have made me a better investor today. (Tweet This!)
- There’s a deal for everyone, but this deal might not be for you. (Tweet This!)
- The job of a Real Estate Investor is to solve problems. (Tweet This!)
- Know the answers before asking the questions. (Tweet This!)
Connect with Nathan
- Nathan’s BiggerPockets Profile
- Nathan’s Company Website
- Nathan’s BiggerPockets Blog Posts
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today on the BiggerPockets Podcast we sit down with Cory Binsfield, a multifamily rental property investor who comes from Duluth, MN.
If you ever feel like you don’t have enough time to invest in real estate, wait until you hear Cory’s story. He currently owns and manages 97 units himself while still working a full time job. Today he teaches us how he does it and also touches on a variety of topics related to getting started, house hacking, investing in a college town, and being a master of creative finance.
This show is packed full of valuable tips so make sure to grab a pen and paper for notes, and let’s get to it!
In This Show We Cover…
- Starting out with an investment that makes your wife cry
- How to use a VA Loan
- CreativeFinance vs. Conventional Finance
- The ins and outs of investing in a college town
- The SWAT team that descended on Cory’s property
- Mistakes, mistakes and more mistakes!
- Why partnering may NOT be a good option after all
- How to personally manage over 97 units while working a full time job
- How to build a solid team that can put out the fires while you chill on a beach in Mexico
- Networking as a “lifestyle”
- Owning a frat house
- What to look for when buying a multifamily
- Why real estate is better than other retirement options
- The most helpful technological aid in Cory’s business
- And a whole lot more!
Links from the Show:
- Why I’m Not a Flipper-Don’t Kill the Goose! by Cory Binsfield
- How to “Hack” Your Housing and Get Paid to Live for Free by Brandon Turner
- The BiggerPockets Tour
Books Mentioned in the Show:
- The Millionaire Real Estate Investor by Gary Keller
- The Shareholder Letters by Warren Buffett
Tweetable Topics:
- “Networking is a lifestyle.” (Tweet This!)
- “There’s not a single path to success in real estate.” (Tweet This!)
- “You don’t want a “good” life, you want a “great” life.” (Tweet This!)
Connect with Cory:
- Cory’s BiggerPocket Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today on the BiggerPockets Podcast we chat with Mike McKinzie, a full time real estate investor from Garden Grove, CA. Mike is an investor and former property manager who has personally dealt with over 5,000 real estate transactions, but focuses most of his attention today on using property management to invest both locally and out of state.
This show explores a variety of topics related to buy and hold real estate investing and offers a significant amount of actionable information on how to set up property management, covering everything from what questions to ask, what should be expected, and a whole lot more!
In This Show We Cover…
- Growing up in a real estate family
- Hybrid real estate investing
- The key is to success in rental properties
- Getting your real estate license as an investor
- How to prepare yourself for future-changing markets
- If you’re going to invest based on appreciation, THIS is how you do it!
- The importance of updating trusts…
- How property managers can turn into lead sources
- How do you vet property managers?
- What does a property manager do?
- Managing your own portfolio
- How neighbors will help you keep an eye on your property
- How to deal with HOA’s the right way!
- The importance of due diligence
- The difference between housing classes
- Dealing with marijuana
- And a whole lot more!
Links from the Show:
- The Ultimate Guide to Growing Your Business with BiggerPockets Keyword Alerts by Brandon Turner
- The BiggerPockets Keyword Alert System
Books Mentioned in the Show:
- The Richest Man in Babylon by George S. Clason
- Think and Grow Rich by Napoleon Hill
- The Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets.com
Tweetable Topics:
- “You are the boss of your property manager…fire them if need be!” (Tweet This!)
- “Make friends with the neighbors of your property, and you’ll always have eyes on your property…” (Tweet This!)
Connect with Mike:
- Mike’s BiggerPocket Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today on the BiggerPockets Podcast we sit with Chad Carson, a full time real estate investor from Clemson, South Carolina. Chad brings expertise in a TON of areas including everything from fix-and-flips to creative finance, property management to buy-and-hold.
This show explores how to use real estate as a means to design the lifestyle you really want.
There are a ton of tips and tricks in this one, so dive in!
In This Show We Cover…
- How to get started straight out of college
- The benefit of having a few key buyers vs. a buyers list
- The key is sincerity, hunger and enthusiasm
- Getting your real estate license as an investor
- How to prepare yourself for future-changing markets
- The key to networking with financial partners
- Direct mail tips and strategies
- Lifestyle design through real estate
- The importance of the “why” behind your business
- 50/50 partnerships
- Property managing your own portfolio
- Creative finance strategies
- Self-Directed IRA’s
- Using court records to look up potential tenants
- An awesome example of an elevator pitch
- The importance of protecting your lenders
- And a whole lot more!
Links Mentioned in The Show:
- The BiggerPockets Member Blogs
- See who is looking at YOUR profile
- BiggerPockets Pro Memberships
- Tenant Screening: The Ultimate Guide
Books Mentioned in the Show:
- Building Wealth One House at a Time: Making it Big on Little Deals , by John Schaub
- The Warren Buffet Way, by Robert G. Hagstrom
- The 7 Habits of Highly Effective People, by Stephen R. Covey
Tweetable Topics:
- “Sometimes growing big brings a price you might not need to pay for the lifestyle you want…” (Tweet This!)
- “The minute you break people’s trust is the moment you lose everything!” (Tweet This!)
Connect with Chad’s:
- Chad’s BiggerPocket Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today on the BiggerPockets Podcast we are excited to sit down with Marcia Maynard, a hands-on landlord who hails from Vancouver, Washington.
Marcia got her start in real estate by marrying into “the family business” that already had an existing portfolio, but continued on the tradition to help fund her own future retirement. On today’s show, she goes into detail on how you can invest part-time for retirement while making a HUGE impact on the community in the process!
This show covers the importance of integrity in a landlord’s life and is filled with actionable tips for dealing with tenants in an ethical – yet profitable – way. This is a great show, let’s get into it!
In This Show We Cover…
- How to invest with family
- The importance of setting up your business structure and what happens when you don’t!
- Insurance – Do you need an umbrella policy?
- The awesome path of buying rental properties slowly
- Personal Finance 101
- How to love your job and invest in real estate on the side
- The benefits of a mission statement
- The importance of coaching your tenants to have more integrity
- How to handle conflicts with tenants
- An awesome alternative to evictions!
- The importance of a calling up prior landlords
- Red flags of bad tenants,
- Actionable items for vetting tenants over the phone
- Using court records to look up potential tenants
- And a whole lot more!
Links Mentioned in The Show:
- The NYC Real Estate Investor Meetup with Brandon
- BiggerPockets Keyword Alerts
- Marcia’s exact Tenant Screening Interview questions
- A Slow, Boring, Incredibly Awesome Strategy for Building Wealth Through Passive Real Estate Investing by Brandon Turner
- Padmapper.com
Books Mentioned in the Show:
- Landlording by Leigh Robinson
- Your Best Year Yet by Jinny S. Ditzler
Tweetable Topics:
- “Start with a dream, make goals, take action, then reflect and improve…” (Tweet This!)
- “Landlording is like a game of chess.” (Tweet This!)
Connect with Marcia’s:
- Marcia’s BiggerPocket Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today on the BiggerPockets Podcast we are excited to sit down with David Krulac, a real estate renaissance man who has experience in nearly every aspect of the industry, being involved in over 800 deals in his career.
In today’s show we cover everything from prospecting tenants, how to buy at auctions, sub-dividing land, tax deeds and much, much more!
In This Show We Cover…
- Purchasing houses from auctions
- How David’s first deal lead to him living rent and mortgage free for 6 months
- The importance of working with Credit Unions
- Dealing with probates
- Month-to-month leases vs annual leases
- 1031 Exchanges
- The ins and outs of subdividing land
- Tax deeds vs. tax liens
- The importance of an epic business card
- How to go from o to 800 deals
- An example of a super risky deal!
- What to watch out for when you go to buy at auctions
- What to look for in a potential tenant
- And a TON more!
Links Mentioned in the Show:
- The BiggerPockets Fileplace
- The BiggerPockets Rewind
Books Mentioned in the Show:
- How to Turn $1,000 into a 5 Million by William Nickerson
- Landlording by Leigh Robinson
- Buy and Hold by David Schumacher
- Millionaire Next Door by Thomas J. Stanley
- How I Started with Nothing and Made 12 Million in Real Estate Part-Time by David Krulac
Connect with David:
- David’s BiggerPocket Profile
- David’s Website: CentralPennLots.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today on the BiggerPockets Podcast we are excited to welcome back Michael Quarles to the show. Several weeks ago we talked with Michael about his story and spent most of the show discussing the topic of negotiation, never getting to one of the most important topics we wanted to discuss with Michael: marketing. Specifically, Michael is a wealth of knowledge on all things involving direct mail, so today we’re going to tap into that knowledge.
Today, Michael is going to teach you everything you need to know to get started in successful direct mail marketing and attract leads that no one else can get. We cover everything from market research to creating a call-capture system and everything in between. This show will go down in the history of BiggerPockets as one of the most actionable shows to date!
In This Show, We Cover:
- The ins and outs of whole-tailing
- Everything you ever wanted to know about direct mail
- The beauty of controlling who calls you through direct mail
- How to start marketing even if you only have $500
- What to do in the face of rejection
- How much does a starter marketing budget cost?
- How BiggerPockets is like a beautiful woman
- How to do your market research
- Softwares that tell you what houses in your market have equity
- What filters to set in terms of lead generation
- Probate vs. absentee owners
- How to generate leads from bandit signs without EVER using them
- The 5 different types of direct mail
- The importance of using multiple types of mail
- Hand-written font vs. actual writing
- The biggest mistake people make in direct mail
- How many times should you repeat a mail sequence?
- The importance of setting up your call capture system
- How to memorize scripts
- and much, much more!
Links Mentioned
- BP Podcast 077: Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael Quarles
- How to Write the Perfect Elevator Pitch in Under 10 Minutes!
Tweetable Topics
- “I’m not a passive income earner, I’m a massive income earner.” (Tweet This!)
- “People don’t buy what you sell, they buy who you are.” (Tweet This!)
Connect with Michael
- Michael’s BiggerPockets Profile
- Michael’s Website: http://www.yellowletters.com/
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today on the BiggerPockets Podcast we are excited to sit down with a Jonna Weber, a buy-and-hold investor and real estate agent out of the Boise, ID area.
Jonna is a great example of how anybody can and should invest in real estate! In our conversation, we cover a lot of ground on how to use real estate for retirement and why real estate is a better avenue than the stock market. We also cover why an investor might want to become a real estate agent, how to find investor-friendly agents, what to look for when purchasing an investment property and much much more!
In This Show We Cover…
- How anyone can invest in real estate
- Why would an investor become an agent in the first place?
- The importance of running the numbers with someone else
- Why investors are the best clients for an agent to have
- The hardest part of being a landlord
- How to get longer leases out of your tenants
- How to use BiggerPockets as a resource to manage your own properties
- Creating an “in-house” property management company for only your own properties
- Financing how-to’s
- Using cash flow to build cash reserves
- Real estate vs. the stock market
- Investing in real estate for retirement
- How to be safe as an investor and agent
- What to check for during your due diligence process
- On market deals vs. off market deals
- How to find an investor-friendly agent
- And a TON more!
Links Mentioned in the Show:
- BP Podcast 006: Investing While Holding a Full Time Job with Arthur Garcia
- Landlord on Autopilot by Mike Butler
- The Real Estate Agent’s Ultimate Guide to Working with Investors
- BiggerPockets’ Keyword Alerts
- The BiggerPockets Ultimate Beginner’s Guide to Real Estate Investing
- The BiggerPocket’s Weekly Webinar
Books Mentioned in the Show:
- Art of Non-Conformity by Chris Guillebeau
- Buy and Hold Forever by David Schumacher
Tweetable Topics:
- “Managing your own properties is short term pain for a long term goal.” (Tweet This!)
- “It’s not an emergency unless it’s ACTUALLY an emergency.” (Tweet This!)
- “If you can run your numbers with someone else, it will help you avoid the shinny object syndrome.” (Tweet This!)
Connect with Jonna:
- Jonna’s BiggerPocket Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today on the BiggerPockets Podcast we are excited to sit down with a couple who together, intentionally invest where most landlords fear to tread . . . low income housing.
Michele and Bruce Fischer who hail from Longview, Washington, decided to make a difference by landlording in areas that are so low-income, that even Section-8 doesn’t work in their neighborhood. In our conversation we dive into some really important topics regarding how to screen low-income tenants, how to handle (pets like pitt-bulls), what to do when your tenant is late on the rent, working with your spouse, what to do when the reality is your tenant will become homeless if you evict them, how to “tenant-proof” in low-income areas and a lot more! You don’t want to miss this one!
In This Show We Cover…
- Why would you invest in low-income areas in the first place?
- What to look for when purchasing a low-income property
- How playing “Monopoly” with no money makes you a better real estate investor
- Handling late payments
- The “prostitute tenant” story (Yes, really…)
- How to practically invest with your spouse
- Renting to low income tenants with low income pets (including those with dangerous animals.)
- Michele and Bruce’s #1 source of leads
- How to “tenant-proof” low-income rentals
- How to utilize a line of credit for investing in real estate
- Cash flow vs. appreciation
- Using Facebook to vet potential tenants
- And a TON more!
Books Mentioned in the Show:
- See Poverty, be the Difference by Donna M. Beegle
- Money or Your Life by Vicki Robin and Joe Dominguez
Tweetable Topics:
- “Prostitution does pay the rent well!” (Tweet This!)
- “Arguing with your spouse is part of the #landlording process!” (Tweet This!)
- “We invest in real estate in order to make a difference.” (Tweet This!)
Connect with Michele and Bruce:
- Michele’s BiggerPocket Profile
- Michele’s BiggerPockets Member Blog
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today on the BiggerPockets Podcast we are excited to sit down with a real estate investor who just said “you’re fired!” to her day job and became a full-time real estate investor!
We are talking with Brie Schmidt, who invests in a wide range of rental properties in the Midwest and shares some incredible insight into how she finds them, finances them, and manages them. In our conversation we dive into some really important topics regarding personal finances, getting your first deal, working with your spouse, tenant-friendly laws, when to quit your job, and a lot more! You are going to LOVE this episode!
In This Show We Cover…
- Why Brie chose a triplex for her first primary residence
- Choosing appreciation vs. cash flow in a buy and hold investment
- Why Brie decided to diversify her investments into long-distance investing.
- What makes an area “landlord–friendly” vs. “tenant friendly“
- Dealing with maintenance request issues.. even while on vacation.
- Why Brie calls herself a “YouTube Landlord“
- Real Estate as a hobby vs. a business
- Why Brie encourages Pets.. even a 120lb dog!
- When should you quit your job?
- Investing with your spouse: how to make it work
- House Hacking and using your personal finances to fund your investments
- Using online software to help you control your spending and invest in real estate
- The one question that Brie asked that led to a ton of deals, financing, and partnerships.
- Should you allow smokers in your rental unit?
- And a TON more!
Links from the Show
- BiggerPockets Webinars
- PayNearMe.com/biggerpockets
- Handyman Matters
- Income Property TV Show
- How to Hack Your Housing and Get Paid to Live For Free Blog Post by Brandon Turner
- Mint.com
- The Book on Estimating Rehab Costs book by J Scott, Published by BiggerPockets Publishing.
- Tenant Screening: The Ultimate Guide
- Postlets.com
- IfThisThenThat: IfTTT.com
Books Mentioned in the Show:
- The Millionaire Real Estate Investor by Gary Keller
- The One Thing by Gary Keller
Tweetable Topics:
- “They should force lawmakers to own rental properties before writing the laws.” (Tweet This!)
- “BiggerPockets: Pissing Off Employers Since 2004” (Tweet This!)
- “What’s more important? Getting rich or staying married?” (Tweet This!)
- “The beginning of budgeting is understanding where you are.” (Tweet This!)
- “I’ve learned more on the BiggerPockets forums than any book I’ve ever read.” (Tweet This!)
Connect with Brie:
- Brie’s BiggerPocket Profile
- Brie’s Twitter: @ChicagoBrie
- Brie’s Website: ChicagoBrie.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today on the BiggerPockets Podcast we are excited to welcome Michael Quarles to the show. Michael is an active investor coming out of California’s Central Valley who has done so many deals that he has lost count!
His experience is diverse and includes developing, flipping and more, but today his primary strategy is what is known as “wholetailing” and today’s show covers this strategy in detail!
Also, as a master negotiator, Michael breaks down the science of haggling a deal that both honors the seller and benefits the investor. This episode is so jammed-packed that you’ll finish feeling like you just graduated with a degree in negotiation!
You even get to walk away word-for-word scripts! You really don’t want to miss this one!
In This Show, We Cover:
- How Michael convinced a stranger to give him $200,000 in order to invest in real estate.
- The complete breakdown of what wholetailing is and how to do it…
- The 5 important question you HAVE to ask leads over the phone
- Practical lesson in Neuro Linguistics – Complete with role playing!
- The importance of being ethical and taking care of people
- The peanut butter story…
- The proper mindset behind negotiating
- Getting over fear in order to take action
- and much, much more!
Links Mentioned
- BiggerPockets Ultimate Beginner’s Guide to Real Estate Investing
Books Mentioned in the Show
- Pitch Anything by Oren Klaff
- E-Myth by Michael E. Gerber
Connect with Michael
- Michael’s BiggerPockets Profile
- Michael’s Website: http://www.yellowletters.com/
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today on the BiggerPockets Podcast we are excited to welcome back Brian Burke, who we last talked to back in episode number 3. Brian is the owner of a large, successful real estate company headquartered in Santa Rosa, CA. Last time we sat down with Brian, he showed us how he got started investing in real estate, walking us through his first steps. On today’s show Brian goes deeper, sharing the details of how he scaled his real estate business from a one-man operation to fully staffed multi-million dollar company! This show goes into incredible detail (and offering highly actionable steps) on how to bootstrap your business, how to vet employees, how to gauge your market and much much more! If you are looking to turn your investing company into more than just a hobby… this show is for you!
In This Show, We Cover:
- How to grow your business from a 1-man business to a full scale operation
- How to prepare for legal issues as an investor
- When is the right time to grow your team?
- How do you find good players for your team?
- When is it time to use property management?
- The importance of growing organically… and we’re not talking about vegetables!
- How to track your deal history in order to raise money
- What bootstrapping your real estate business really looks like
- How to find a mentor
- What BiggerPockets has to offer experienced real estate investors (Brian made over $400K netfrom using BP!)
- and much, much more!
Links Mentioned
- BiggerPockets Podcast 003: Getting Started in Real Estate and Raising Money with Brian Burke
- How to Build a Shed in 7 Simple Steps (Yes, That’s Me – On the Roof!)
- Investment Calculators
Books Mentioned in the Show
- One Minute Manager by Kenneth H. Blanchard
- The Art of the Deal by Donald Trump
- BiggerPockets Forums
Tweetable Topics
- “If you haven’t been sued, you haven’t been in business long enough.” (Tweet This!)
- “You say the early bird get’s the worm, I say the 2nd mouse get’s the cheese… ” (Tweet This!)
- “You can never cross the ocean unless you have the courage to lose sight of the shore.” (Tweet This!)
Connect with Brian
- Brian’s BiggerPockets Profile
- Brian’s Website: http://www.praxcap.com/
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today on the BiggerPockets Podcast we are excited to welcome a guest who specializes in an aspect of real estate that no other guest has covered before!
John Fedro is a mobile homes investor out of the Austin Texas area who introduces us to all the incredible opportunities that one can experience in the mobile home arena. If you’re someone asking yourself, “What type of real estate investing should I do?” Than this show is for you! Throughout the show John gives incredible advice and insight that can be applied to any aspect of real estate. This is a perfect show for people looking to get started, regardless if you like mobile homes or not!
This is one of the most actionable shows we’ve had so without further adieu, let’s jump into it!
In This Show, We Cover:
- How to find deals no one else is looking for
- The in’s and out’s of mobile home investing
- What do you do when you look 15 yrs old and want to invest in real estate?
- Why mistakes are ESSENTIAL to your success in real estate
- John’s Creative finance on steroids!
- The importance of adding value and caring about motivated sellers
- Using Leverage to crush it when getting started
- How to Forget what people say and take action!
- How to screen incoming lead-calls
- and much, much more!
Links Mentioned
- 1 Trick for Being a LOUD and Proud Real Estate Investor
- One Small Simple Step To Growing Your Network and Increasing Your Influence
- The Top 100 Ways To Make Money In Real Estate
Books Mentioned in the Show
- How to Win Friends and Influence Peopleby Dale Carnegie
Tweetable Topics
- “We can’t tell where lighting is going to strike but we can have several lighting rods in different locations.” (Tweet This!)
- “When starting out in real estate investing aim for the path of least resistance. ” (Tweet This!)
Connect with John
- John’s BiggerPockets Profile
- John’s
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s episode of the BiggerPockets Podcast – we’re going to change things up- again!
This is our official 2nd newbie podcast and it’s probably our most fun show yet. Just like the last newbie podcast back on episode 25, all of our guest today are investors who are just starting out and who have recently finished their first deal.
These stories are not only helpful for new investors, but even the pros can learn valuable lessons from their experiences! Each of these investors also are working full time jobs, which is something a lot of our listener’s struggle with. Additionally, we cover everything from investing when you live in an expensive city to the importance of confidence when everyone thinks your crazy and we even get to talk to a real-life rocket scientist who’s smart enough to hack his mortgage! You really don’t want to miss this one!
Links from the Show:
- The New Dumb and Dumber Trailer
- Nextdoor.com
- Asana.com
- How to “Hack” Your Housing and Get Paid to Live for Free
Books Mentioned in the Show
- HOLD: How to Find, Buy, and Rent Houses for Wealth by Steve Chader
- Fooled By Randomness by Nassim Nicholas Taleb
- Rich Dad Poor Dad by Robert T. Kiyosaki
- Drive by Daniel H. Pink
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today on the BiggerPockets Podcast we are excited to welcome back a repeat guest coming to us from The Los Angeles area!
We first met Mehran Kamari in the newbie podcast back on show 025, where he took us through the process of his first out-of-state deal, and… well, a lot has happened since then!
Since his last appearance, Mehran’s business has blown up – just completing the purchase of his 10th property!
In today’s show, Mehran teaches us how to successfully invest out-of-state when your local market is too expensive. He goes into detail on how to use BiggerPockets to find out-of-state partners, what due diligence you need to do, who you need on your team, how to overcome fear and much, much more!
If you are in a market where the numbers just don’t seem to work, then this Podcast is for you!
In This Show, We Cover:
- How to use real estate to quit your job, the smart way!
- How Mehran invests in real estate from 2000 miles away
- How to use BiggerPockets to invest in markets you are unfamiliar with
- Using tools such as Google Maps and Google Docs for real estate
- Joshua Dorkin used to be an actor!
- The importance of mindset and integrity
- Leverage is a tool!
- Making sure you vet out-of-state property management companies the right way!
- What’s involved in out-of-state due diligence
- and much, much more!
Links Mentioned
- BP Podcast 029: Using Peer-to-Peer Lending to Finance Deals, Cash Flow, and Fix and Hold Investing with Dawn Anastasi
- BP Podcast 063: Automating Your Investing, Long Distance Rehabs and Spec Building with J Scott
- HipChat.com
- Real Estate Rewind [A BiggerPockets Community Book]
- Google Map View of Detroit back in 2008
Books Mentioned in the Show
- How I Turned $1,000 into a Million in Real Estate in My Spare Time by William Nickerson
- Success Mastery Academy by Brain Tracey
Tweetable Topics
- “To be honest I wouldn’t invest out of state unless I had a partner with boots on the ground.” (Tweet This!)
- “You are the average of the 5 people that you spent the most time with.” (Tweet This!)
Connect with Mehran
- Mehran’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today on the BiggerPockets Podcast we jump straight into the nitty-gritty with a real estate broker, investor and property manager from the greater Chicago area.
Mark Ainley brings a fresh perspective on how to successfully invest in lower-income rentals and goes deep into the details of everything you’d need to know, covering acquisition to rehab to management, straight out of of his experience investing in the notorious South Side Chicago area.
Today’s show also gives great insight on the in’s and out’s of Section 8 housing, the program that has the government paying a portion (even up to 100%) of the rental income for the tenant. Mark also covers a lot of the managerial secrets behind being a successful property management company and gives you specific criteria on how to vet property managers.
This show is really meaty so be sure to grab a pen and paper for notes… and with that, let’s jump into it!
In This Show, We Cover:
- How to build a real estate company from your mom’s basement.
- “Cash-for-keys” – an alternative to eviction
- Warning: How to lose money by betting on appreciation
- How to handle late Section 8 tenants when they only owe $15
- How Brandon got a broke tweaker out of his property
- Advice for newbies who are thinking about getting started in lower income areas
- How to find flexible non-profit portfolio lenders
- The full-gambit of investing in Section 8 housing
- Major red flags to look for in tenant screening
- How to do deals via text message
- and much, much more!
Links Mentioned
- House Hacking
- SocialServe.com
Books Mentioned in the Show
- Art of The Deal by Donald Trump
- The Millionaire Real Estate Agent by Gary Keller
- The E-Myth by Michael E. Gerber
- Trump: The Way to the Top: The Best Business Advice I Ever Received by Donald J. Trump
Tweetable Topics
“To do a flip successfully it takes being at the property every single day!” (Tweet This!)
Connect with Mark
- Mark’s BiggerPockets Profile
- Mark’s Website: www.gcrealtyinc.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s episode of the BiggerPockets Podcast, we have Phillip Vincent, an acquisition specialist who hails from the St. Louis, Missouri area. Phillip is part of a large real estate investment firm, handling all the ins and outs of getting properties under contract. This week’s podcast goes into great detail on how to interact with distressed homeowners, how to generate leads from the high-end price points and walks you through the best way to handle Probate leads.
Additionally, Phillip is particularly knowledgeable in wholesaling and shares excellent insight on exactly what you need to do to get started in real estate, ethically. This is an action-packed show, so let’s get into it!
In This Show, We Cover:
- Powerful and unique lead generation
- The benefits of having a real estate team
- How to flip a $1,000 house
- How to actually purchase in high-end markets
- How Phillip lost $200,000 on a spec build
- Time Capsule Homes and why they make great investments
- Using SEO and PPC to get deals
- A snapshot of the life of an Acquisition Specialist
- Why marketing doesn’t really cost you any money…
- How to leverage wholesalers and newbies for lead generation
- The importance of being ethical when wholesaling
- How to network effectively
- And a whole lot more!
Links Mentioned
- The BiggerPockets Marketplace
- How NOT to Flip a House: An Embarrassing Story of Wasted Time, Money, and Opportunity
- Automatic.com
Books Mentioned in the Show
- Rick Dad Poor Dad by Robert T. Kiyosaki
- The Big Rich: The Rise and Fall of the Greatest Texas Oil Fortunes by Bryan Burrough
Tweetable Topics
“In real estate, don’t buy weird.” (Tweet This!)
“Find people in your market that have too many leads and simply go help them with those leads.” (Tweet This!)
Connect with Phillip
- Phillip’s BiggerPockets Profile
- FasterHouse Website: http://www.FasterHouse.com/
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s episode of the BiggerPockets Podcast, we sit down and chat with a real estate investor who is absolutely CRUSHING IT in a very unique niche. Grant Kemp, from the Dallas Area, got his start in real estate only 2 years ago and already has hundreds of transactions under his belt, and regularly purchases 6-15 properties a month!
On the show today, Grant shares with us the dirty details on his business and shows how YOU can start capitalizing on more leads, make more income, and spend less (or even none) of your own money to make it all happen! The best part is: Grant’s strategy relies on generating profits from leads that most real estate investors simply throw away by utilizing subject-to purchases and mortgage wraps! Don’t miss a second of this incredible interview and prepare to have your mind blown!
In This Show, We Cover:
- What “Subject To” investing is, and how you can use it to acquire properties for little to nothing down.
- What a wrap-around mortgage is
- How to protect yourself from the ‘due-on-sale’ clause
- How to use sell to the owner-finance market
- How Grant uses other wholesalers to grow his network
- Where to find leads for subject-to deals
- Clarity on the Dodd Frank from someone who actually read it in it’s entirety
- The importance of full-disclosure when doing subject to
- Selling via seller financing to get incredible returns
- And a lot more!
Links Mentioned
- How to “Hack” Your Housing and Get Paid to Live for Free
- BP Radio Podcast 002: Starting Out with Karen Rittenhouse – Subject To, Direct Mail, and Investing from a Woman’s Perspective
- Podio
Books Mentioned in the Show
- Rick Dad Poor Dad by Robert T. Kiyosaki
- The Richest Man in Babylon by George S. Clason
- The Bible
- BiggerPockets Forums
Tweetable Topics
- “I asked myself, “How do I get into real estate with no money? The answer was subject-to.” (Tweet This!)
- “In real estate you just got to do it… it’s the Nike way.” (Tweet This!)
Connect with Grant
- Grant’s BiggerPockets Profile
- Grant’s Website: www.texaspridelending.com
- Grant’s LinkedIn
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s episode of the BiggerPockets Podcast, we sit down and chat with a real estate investor who is a successful wholesaler and rehabber out of the Grand Rapids, Michigan area.
Brandon Krieg shares his insights on how he transitioned out of a full-time job to become a full time real estate investor and shares some incredible insight for others who are thinking about making the leap themselves. During the show, Brandon speaks on the importance of integrity in business and the priority of taking care of family and then continues on to shed light on his innovative marketing tactics, that has him averaging a 15-25% response rate with direct mail!
Whether you are a new investor struggling to figure out how to generate deal flow or struggling with making the transition from part-time real estate to full-time or you’ve been investing for years and need some marketing tips to take you to the next level, this is the show for you.
In This Show, We Cover:
- How to transition from a full time job you hate to full time real estate
- How to find good wholesalers
- The keys you need to succeed at wholesaling
- How Brandon uses direct mail with an 15-25% response rate
- How to ethically use bandit signs
- How Brandon used BiggerPockets to grow his network
- Who Brandon uses for his direct mail success
- How many deals should you do before jumping into real estate full time?
- How to handle leads outside your comfort zone
- How important are business systems?
- And a lot more!
Books Mentioned in the Show
- Game of Thrones by George R.R. Martin
- E-Myth by Michael E. Gerber
- Lord of the Rings by J.R.R. Tolkien
- The Book on Flipping Houses by J Scott
- The Book on Estimating Rehab Costs by J Scott
- FLIP, by Rick Villani and Clay Davis
Tweetable Topics
- “If I quit real estate when it gets tough, I lose my chance of gaining success from it.” (Tweet This!)
- “Ask yourself, “If this client was my sister, my cousin or my uncle, how would I help them?” (Tweet This!)
- “The greatest moments of growth in my life have always been sparked by great books.” (Tweet This!)
Connect with Brandon
- Brandon’s BiggerPockets Profile
- Brandon’s Website: TheHoneyBeeHomes.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today on the BiggerPockets Podcast we sit down with real estate investor Mark Ferguson to talk about his adventures in flipping and renting single family homes in the Colorado market. Mark is truly a real estate superhero: managing a real estate sales team, flipping houses, making offers, being a landlord, and writing about real estate all while working less hours than the normal employee (all while also having twin toddlers at home!)
Mark has truly mastered the art of delegation, team building, and using systems to stay on track and find success in his business – and he shares all his secrets with us today, so don’t miss a second of this incredible show!
In This Show, We Cover:
- Should you get your real estate license?
- Tips for buying properties on the MLS
- Using electronic signatures to get more deals
- Why Mark doesn’t buy multifamily properties
- How to find a niche and strategy for your investment business
- Finding the “sweet spots” in your market
- Working with Portfolio loans
- When should you hire an employee to manage your rentals?
- Why Mark chooses to pay off his loans
- Finding and managing contractors
- How Mark decides if he’ll flip or rent a house
- Finding time to fit in all the busy parts of life
- The team members who help Mark work less than 40 hours per week
- Why Mark wants to buy 100 houses
- How to invest when the bank says “no.”
- And lots more!
Links from the Show
- BiggerPockets Success Stories Forum
- Five Tips to Get Great Deals On the MLS (Including Buying Houses on Friday…?) by Mark Ferguson
- The Real Estate Agent’s Ultimate Guide to Working with Investors
- BiggerPockets.com/meet
- How Life Coaching has Helped Improve My Business and Life by Mark Ferguson
Books Mentioned in the Show
- The Millionaire Real Estate Investor by Gary Keller
- The Millionaire Real Estate Agent by Gary Keller
- Think and Grow Rich by Napoleon Hill
Tweetable Topics
- Take care of your real estate agent and they’ll take care of you. (Tweet This!)
- When looking for good real estate deals, speed is the name of the game. (Tweet This!)
- When investing in real estate – no one is going to do your job for you. (Tweet This!)
- Make goals – and then break them down into actionable steps to accomplish them. (Tweet This!)
Connect with Mark
- Mark’s BiggerPockets Profile
- Mark’s Website: www.InvestFourMore.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s episode of the BiggerPockets Podcast, we sit down and chat with a real estate investor who wasn’t seeing a lot of action in his business – until a friend challenged him to take his investing seriously and start treating it like a business.
Our guest today, Tim Gordon, accepted the challenge, changed his approach, and his business took off! Several short years later, Tim Gordon runs a successful investment business that focuses primarily on finding and wholesaling incredible deals in a competitive market, making tens of thousands of dollars every month in his business while still working a day job. Tim shares with us the lessons he learned to overcome inaction and the steps needed to consistently fill his pipeline with deals worth tens of thousands of dollars.
Whether you are a new investor struggling to get your first deal, or you’ve been investing for years and need a motivational kick to take your business to new levels, this is the show for you.
In This Show, We Cover:
- How Tim used BiggerPockets to get started
- Why it took Tim a full year to get his first deal
- Should new investors start with wholesaling?
- The major skill you need to succeed at wholesaling
- How Tim uses direct mail to find leads
- Reverse engineering to find success in wholesaling
- Tips for negotiating with motivated sellers
- The exact messaging on Tim’s direct mail postcards
- How Tim finds the “Big Dog“ cash buyers
- How many cash buyers do you need?
- The best deal Tim has ever done – $48,000 over a round of beers
- The catalyst that helped Tim take his business more seriously
- Working with assistants and others in your wholesaling business
- Why Tim makes $60 every time someone calls him
- And a lot more!
Links from the Show:
- Zoho CRM
- Act CRM
- Salesforce CRM
- BiggerPockets Pro Memberships
Books Mentioned in the Show
- Good to Great by Jim Collins
- Think and Grow Rich by Napoleon Hill
- Rich Dad Poor Dad by Robert Kiyosaki
- Lifeonaire by Steve Cook and Shaun McCloskey
Tweetable Topics
- “The idea of running a business through an excel sheet – if there is a Hell, that’s it.” (Tweet This!)
- “Until I can go away for 2 weeks, and have the business still making money, it’s still a job.” (Tweet This!)
- “Wholesalers are not your competitors, they are your allies.” (Tweet This!)
- “My favorite word in all of real estate is ‘vacant.'” (Tweet This!)
Connect with Tim
- Tim’s BiggerPockets Profile
- Tim’s Website: GordonBuysHomes.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s show, we sit down with real estate entrepreneur Michael Blank to talk about his journey from a successful house flipping business and his entrance into apartment buildings… and the systems needed to run his investments well.
Michael is a business entrepreneur through and through and today we get to talk about everything from getting started, investing with no money, working with (and as) a wholesaler, and even hear the story of the professional tenant that almost destroyed Michael’s investment career!
This show is packed with useful, actionable tips, so don’t forget your pen and paper on this one… you are going to need it!
In This Show, We Cover:
- How Michael started his investing journey by flipping dozens of houses per year
- Why building up a network of wholesalers is important
- How Michael raised money to fund his flipping
- The “magic question” to ask when raise private money
- Michael mistakes and successes when getting started
- Developing a great real estate team
- Using virtual assistants in your business
- Michael’s transition from flipping to apartment complexes
- Michael’s tricks for finding great commercial real estate deals
- Michaels take on the topic of rent control
- Michael’s major mistakes in his REI career… and that one tenant in DC
- And so much more!
Links from the Show
- BP Podcast 033: How to Close 27 Deals in Your First Year While Working Full Time with Sam Craven
- eLance.com
- Loopnet.com
- Marcusmillichap.com
- Cbre.com
Tweetable Topics
- “Cutting corners hurts you and your business at the end of the day.” (Tweet This!)
- “When you have a good team, firing on all cylinders, you can do amazing things.” (Tweet This!)
- “You get what you negotiate.” (Tweet This!)
- “The secret to success is to be intentional.” (Tweet This!)
Books Mentioned in the Show
- Rich Dad, Poor Dad by Robert Kiyosaki
- Pitch Anything: An Innovative Method for Presenting, Persuading, and Winning the Deal by Oren Klaff
- The 4-hour Workweek by Timothy Ferriss
Connect with Michael!
- Michael Blank’s BiggerPockets Profile
- TheMichaelBlank.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Working a full time job while investing in real estate is not always easy – but as our guest today shows us: it’s totally possible. On today’s show we chat with Josh Sterling, a real estate investor who has built up a portfolio of fifty units (complete with rehabs and doing his own management) all while working a full time job.
Discover the tricks, tactics, and systems that Josh has used, as well as an inside look at his creative finance methods to acquire these properties. This show is definitely one that people will want to come back to time and time again!
In This Show, We Cover:
- Why doing things “the typical way” may not have been the right path
- Investing when the bank says “no.”
- How Josh used credit cards to buy his first few properties
- Portfolio lenders: the best technique for finding one
- Using a blanket loan to buy and sell real estate
- Using the 2% rule to screen for great properties
- How Josh managed his real estate business while having a full time job
- How Josh finds deals
- Using Homepath Mortgages for 10% down investment loans
- How Josh found his first apartment complex using Facebook!
- Dealing with tenants while working a full time job
- And so much more!
Links from the Show
- BiggerPockets.com/pro (New Video!)
- BP Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager
- BP Podcast 055: The Five Steps Needed to Get Any Lender to Say “Yes” with Jimmy Moncrief
- The 2% Rule
- BP Podcast 061: How to Succeed in Multifamily Investing – A Unique Conversation with Josh, Brandon, and Ben
- HomePath.com
- BP Podcast 063: Automating Your Investing, Long Distance Rehabs and Spec Building with J Scott
- Jason Hartman Podcast
- Buildium Property Management Software
Tweetable Topics
- “If you can stand out, do extra work – you are going to get incredible results.” (Tweet This!)
- “Buy and Hold real estate is the best way to build wealth.” (Tweet This!)
- “I’m much more of a ‘ready fire aim’ kind of guy.” (Tweet This!)
- “Be proactive, not reactive, when looking for contractors.” (Tweet This!)
Books Mentioned in the Show
- Rich Dad, Poor Dad by Robert Kiyosaki
- The Snowball: Warren Buffett and the Business of Life by Alice Schroeder
Connect with Josh!
- Josh Sterling’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today on the BiggerPockets Podcast we are thrilled to bring back one of the most popular guests we’ve ever had, J Scott.
Last time we dug into the process of house flipping, but today we dig much deeper into the “business” of real estate investing and explore ways to automate your real estate investing business so you can spend less time working and more time doing the things you love. We also learn all about J’s venture into house flipping at a distance as well as his foray into spec building (and the lesson’s he learned… and things you should avoid!)
This show is incredibly inspiring and can help any new or seasoned investor improve their game – especially the 5 tips for automating your business, found toward the end of the show!
In This Show, We Cover:
- How J chose his location for long distance flipping
- The difficulties of rehabbing at a distance
- Incredible tips for finding great people to work for you
- Why J’s advice is “don’t trust anyone…”
- Getting bids on your work the easy way
- How to make the permit process MUCH faster and easier
- A step by step financial breakdown of J’s recent spec build
- The “best answer” Brandon’s heard on the podcast ever…
- J’s 5 tips for automating your business
- And so much more!
Links from the Show
- Real Estate Rewind: The BiggerPockets Community Book!
- The Book on Flipping Houses
- Diary of a New Construction Project
- PlankIsland.com
- What Is The Best Interior Paint for Landlords and House Flippers? (Hint… It’s Not What You Think)
Tweetable Topics
- “Nobody cares about your properties or your assets more than you do.” (Tweet This!)
- “Great people tend to associate with other great people.” (Tweet This!)
- “By automating things in your business, it frees up time for your family.” (Tweet This!)
- “Do the things that are most important, don’t do the things that aren’t important.” (Tweet This!)
Books Mentioned in the Show
- Real Estate Rewind: The BiggerPockets Community Book!
- BiggerPockets’ The Book on Flipping Houses by J. Scott
- BiggerPockets’ The Book on Estimating Rehab Costs by J. Scott
- Diary of a New Construction Project Ebook by J. Scott
- The 4-hour Workweek by Timothy Ferriss
- The E-Myth Revisited by Michael Gerber
Connect with J Scott
- J Scott’s BiggerPockets Profile
- J Scott’s Website: www.123flip.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Managing tenants can be a real pain.
Trust me.
However, on this episode of the BiggerPockets Podcastwe sit down with a full time property manager to talk about the business of managing tenants – and discover ways to make it easier and more profitable for YOU.
Today Phil Dwyer from the Las Vegas area shares with us his story of becoming a real estate appraiser and transitioning to a successful property manager. In addition, we also discuss the best strategies for finding and managing the best property managers.
If you have any rental properties – or ever plan to – this is a “don’t miss” episode!
In This Show, We Cover:
- Dealing with FHA buyers
- Where to buy – appreciating areas vs. declining areas
- Finding a great property manager
- Why Phil chose Vegas to build his business
- Getting started by working a job in real estate
- The most difficult part of investment property management?
- How to know if you are getting ripped off from your management company.
- The #1 best way to know how your tenant will act for you
- “What Would You Do” questions for Phil
- Red flags for tenants
- Dealing with pets in a rental
- Single family vs. Multifamily Investments
- What property management software Phil uses
- And so much more!
Links from the Show
- BiggerPockets Show 61 on YouTube
- BP Podcast 007: Making Appraisals Work For You with Ryan Lundquist
- FHA Home Inspection Checklist
- Property Manager Interview Checklist
Books Mentioned in the Show
- Landlording on Autopilot by Mike Butler
- The Snowball: Warren Buffett and the Business of Life by Alice Schroeder
Connect with Phillip
- Phillip’s BiggerPockets Profile
- Phillip’s Website: VegasDigs.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Change is good, right?
We hope so – because in this episode of the BiggerPockets Podcast, we change a lot of things up and invite you to come sit in the BiggerPockets digital coffee shop and listen in on a fascinating discussion! For the first time, we bring back a previous guest on the BiggerPockets Podcast to move beyond “their story” and dig into the dirty details on a very popular and important topic: multifamily rental properties.
Today Ben Leybovich, who shared with us his powerful journey almost a year ago on episode 14 of the BiggerPockets Podcast, is going to talk with us about what it takes to succeed as a multifamily investor – looking beyond the numbers and truly investing in the right kind of properties.
As I said- this show is a little different. Rather than just an interview, we decided to make this episode more of a “conversation” between Ben, Josh, and myself – discussing (and often loudly debating) everything from “what kind of properties to buy,” “what kind of location someone should buy in,” and a long debate on one of Brandon’s most recent purchase- the ugly purple triplex.
Although this is our longest show, at almost two hours in length, I think this is one of the most powerful podcasts we have ever done because it’s totally unfiltered, deep, and raw. Come be a fly on the wall in our “digital coffee shop” and discover everything you ever wanted to know about investing in multifamily rental properties.
In This Show, We Cover:
- Managing single family versus multifamily properties
- Why cash flow is not enough to base your decisions on
- Brandon’s “Waldo” property: good, bad, or something else? (Leave your opinion on the debate in the comments below!)
- The Validity (and Problems with) the “Rental Property Rules“
- The 13 Steps to Analyzing a Multifamily Property
- How valuation differs between single family and multifamily
- Dealing with studio or one bedroom apartments
- Why Ben doesn’t like 2 bathrooms in an apartment
- Ben tells Josh to “shut up“
- How to really learn what expenses will be
- And a lot more!
Links from the Show
- BP Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager
- BP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat
- How I Found, Analyzed, and Bought an Ugly Purple Rental Property (Waldo) by Brandon Turner
- Should I Buy a Rental Property with Great Cash Flow in a Bad Location? by Brandon Turner
- How to Buy a Small Multifamily Property by Brandon Turner
- Bigger Pockets Rental Property Calculator
- Bigger Pockets Fix and Flip Calculator
- The 50% Rule: How to Quickly Analyze a Multifamily Investment Property
- BiggerPockets.com/meet (Find Local BiggerPockets Members)
Books Mentioned in the Show
- Landlording on Auto-Pilot by Mike Butler
- 13 Steps to Valuing Your First Multiplex – A Step by Step Guide [Kindle Edition] by Ben Leybovich
Tweetable Topics
- You can put lipstick on a pig all day long – but if you have a pig, you still have a pig. (Tweet This!)
- We don’t put money into property- we put money into location. (Tweet This!)
- If you wanna fly – you need to hang with people who fly. (Tweet This!)
- Stumbling blocks and stepping stones look very much alike. (Tweet This!)
- Our job as an entrepreneur is to produce cash flow out of thin air. (Tweet This!)
Connect with Ben
- Ben’s BiggerPockets Profile
- Ben’s Website: JustAskBenWhy.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today we are pumped to bring you one of the most exciting conversations yet on the BiggerPockets Podcast when we sit down with Serge Shukhat, a real estate investor from the Arizona area who is absolutely crushing it in real estate. Serge started with no rental properties just four years ago but has quickly built up a sizable portfolio with a mix of both single family and multifamily properties using creative finance methods and using the cash flow to quit his job.
On this show we cover everything from getting started, choosing single family versus multifamily, tricks for dealing with tenants, increasing the value of your properties, and a ton more. This is definitely a show you’ll want to take some notes, so get ready to have your mind blown!
In This Show, We Cover:
- How Serge got started while working full time
- How an Umbrella Policy can reduce your risk
- Landlord responsibilities vs. tenant responsibilities
- What kind of legal entity Serge uses
- Overcoming bad deals by “Doubling Down”
- How a competitive advantage can transform your business
- Working with real estate agents vs. getting your license
- Serge’s unique apartment that he’s bought and sold 4 times
- Hiring a resident manager to help reduce the load
- How to increase the value of your property by hundreds of thousands of dollars (OMG)
- And a lot more!
Links from the Show
- BP Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager
- Newbies Take Note: Why You Shouldn’t Buy Houses for $30,000 by Ben Leybovich
- HomePath.com/
- Buildium.com
Books Mentioned in the Show
- Landlording on Auto-Pilot by Mike Butler
- The Real Book of Real Estate by Robert T. Kiyosaki
- Good to Great by Jim Collins
- The 7 Habits of Highly Effective People by Stephen Covey
Tweetable Topics
- “Real estate never works out how you thought it would when you bought it in paper.” (Tweet This!)
- “I don’t want to work till I’m 65, sick, or corporate downsized.” (Tweet This!)
- “My biggest risk was not losing my job- it was not buying enough real estate.” (Tweet This!)
- “You can go broke buying good deals.” (Tweet This!)
- “Population, income, and jobs drive real estate.” (Tweet This!)
- “It doesn’t matter if the first deal is bad… at least you learned.” (Tweet This!)
- Take what the market gives you and be quick to pivot. (Tweet This!)
Connect with Paul
- Serge’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Most of the guests we’ve had on the BiggerPockets Podcast have specialized in one niche of real estate.
However, not all real estate investors focus on just one field.
Today we want to shake things up a bit and introduce you to a relatively new investor who took 10 years to get his first deal… but has been on fire ever since engaging in numerous different real estate niches and crushing it in his business. Paul Tschetter, an investor from Washington State, shares his diversified real estate strategies and explains how we went from nothing to over a dozen deals in the past several years. From manufactured homes to vacation rentals, commercial, and more- there are an unbelievable amount of great actionable tips in today’s show. Definitely don’t miss a second of this motivation and insightful conversation!
In This Show, We Cover:
- Getting started by working a job in real estate
- Why Paul started investing with a free manufactured home
- How much Paul pays for handymen
- How to get infinite returns with your investments
- Using Hard Money to invest in real estate
- Working with partners to invest
- Attracting private money
- Working with multiple exit strategies to minimize risk
- How to invest when you live in a big area
- Paul’s vacation rental on “Useless Bay”
- Tips for getting your first deal
- The worst financial advice Paul has ever heard
- And a lot more!
Links from the Show
- How I Found, Analyzed, and Bought an Ugly Purple Rental Property by Brandon Turner
- Redfin.com
- VRBO
Books Mentioned in the Show
- The ABCs of Real Estate by Ken McElroy
- Think and Grow Rich by Napoleon Hill
Tweetable Topics
- “As an investor, you need to be extremely disciplined.” (Tweet This!)
- “Different locations are good for different investment strategies.” (Tweet This!)
- “At some point – you have to just pull the trigger and just jump in and do it.” (Tweet This!)
Connect with Paul
- Paul’s BiggerPockets Profile
- Paul’s Website http://www.KingdomEG.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
For anyone who’s flipped a house before, you understand how much work it can take. However, today’s guest is not only flipping one house – but three all at the same time while still working a full time day job. Today Justin Silverio, an investor out of the Boston Massachusetts area, shares with us a ton of tips about getting started, building systems to manage your business, working with partners, wholesaling, and a whole lot more.
In This Show, We Cover:
- Why it took Justin three attempts to get into real estate
- How Justin overcame “Analysis Paralysis“
- Making less than minimum wage on the first flip
- The 5 documents you need to get from your contractors
- How a contractor stole from Justin and his business
- When it’s okay to make nothing on a flip
- Building a business plan to help you succeed
- Direct mail marketing to motivated sellers
- Partnering with others when flipping houses
- How Justin can flip three houses, at the same time, while working a full time job
- Tackling HUGE rehabs as a newbie
- And LOTS more!
Links from the Show
- I’m a Lumberjack song…
- How To NOT Make Less Than Minimum Wage on Your House Flips
- BP Podcast 055: The Five Steps Needed to Get Any Lender to Say “Yes” with Jimmy Moncrief
- BP Podcast 050: Getting Started and No Money Down House Flipping with Mike Simmons
- Events and Happenings Forum
- ListSource.com
- BP Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy
Today’s QuickTip: Diary of a New Construction Project
- Download “BiggerPockets Presents: Diary of a New Construction Project“
- The Book on Flipping Houses
- The Book on Estimating Rehab Costs
Books Mentioned in the Show
- The ABCs of Real Estate Investing by Ken McElroy
- The Four Hour Workweek by Timothy Ferriss
Tweetable Topics
- “The school of hard knocks sometimes teaches better than a $60,000 bootcamp.” (Tweet This!)
- “A business plan shows you are serious about your business.” (Tweet This!)
- “You never know when the next deal is going to happen – so never quit!” (Tweet This!)
Connect with Justin
- Justin’s BiggerPockets Profile
- Justin’s Blog: TheBostonInvestor.com
- Justin’s Show: JS2Homes.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The sand between your toes, the soft roar of the waves crashing on the beach, the beautiful people sunbathing on the shore. If this is your vision of a vacation rental… it’s about to change!
In today’s episode of the BiggerPockets Podcast, we chat with vacation rental expert Matt Landauabout getting started as a vacation rental investor and building a scalable (and profitable) business around leasing rental properties to nightly guests in great vacation areas. Matt shares a ton of great tips, tricks, and skills to help you learn more about this fascinating – and largely misunderstood – niche of the real estate space.
Additionally, Matt shares some really great tips for any landlord to decrease vacancy rates and increase profits in your real estate business, so no matter what kind of investing you currently engage in, this episode is bound to help your business improve!
So grab a beach chair, make yourself a piña colada, and sit back and relax… it’s time to take a vacation!
In This Show, We Cover:
- What is a vacation rental – and why should you consider one?
- The legalities of vacation rentals
- Screening for the tenants who won’t destroy your property
- Marketing for great tenants
- The first steps in buying a vacation rental property
- Expenses when dealing with a vacation property
- Using Adwords to fill vacancies
- The secret to getting national press for your properties
- And a lot more!
Books Mentioned in the Show
- The Happiness Hypothesis by Jonathan Haidt
Links from the Show
- BiggerPockets.com/pro
- BiggerPockets.com/biz – Using BiggerPockets to Grow Your Business
- VRBO
- HomeAway
- FlipKey.com
- Vacation Rental Automatic Door Lock (via Amazon)
- Pat Flynn and the “Be Everywhere” Philosophy.
- Pancho- The Sea Lion Turns THIEF?!
Tweetable Topics
- We’re at the beginning of a very massive trend: vacation rentals. (Tweet This!)
- Be generous in having faith in people. (Tweet This!)
- Create a bulletproof reputation of being the industry expert. (Tweet This!)
Connect with Matt
- Matt’s BiggerPockets Blog Posts
- Matt’s Website: VacationRentalMarketingBlog.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Dealing with tenants can be a pain… which is why on today’s show we’re going to go beyond tenants and look at some “no-tenant” methods of investing in real estate.
Specifically, we’re going to talk with real estate investor Ankit Duggal about his journey from real estate agent to syndicator to house flipper to landlord and finally to tax lien investor. Ankit has a great story and offers hundreds of great pieces of advice on this show perfect for both the new investor or someone looking to add some new skills to their investor tool belt!
In This Show, We Cover:
- Getting started at a young age
- Transitioning from Agent to Investor
- How Ankit financed his early investments using other people’s money
- Your three circles of influence for raising money
- The three team members you need before syndicating
- Investing with close family members
- What is a tax lien and how (and why) to buy one.
- Earning 18% on your money through Tax Liens
- Why tax liens have almost no risk
- How to do your due diligence on a tax lien
- And lots more!
Books Mentioned in this Show
- The Real Estate Game: The Intelligent Guide To Decisionmaking And Investment by William J. Poorvu
- Built to Sell: Creating a Business That Can Thrive Without You by John Warrillow
Links from the Show:
- Buildium
- Brandon’s 7 Year Plan
- BP Podcast 007: Making Appraisals Work For You with Ryan Lundquist
Tweetable Topics
- I’m not “money-driven” – I’m “lifestyle-driven.” (Click to Tweet!)
- Educated yourself as an investor. That’s the first step in any investment. (Click to Tweet!)
- I don’t believe in ‘get rich quick.’ You gotta put in the time and effort. (Click to Tweet!)
Connect with Ankit
- Ankit’s BiggerPockets Profile
- Ankit’s BiggerPockets’ Blog Posts
- Ankit’s Website
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Simply put – this podcast could change your financial life.
You see, a banker can be your best friend or your worst enemy when trying to invest in real estate, as a great loan can mean the difference between long term success and failure. This is why we are super excited to introduce you to Jimmy Moncrief (your new best friend!) on the BiggerPockets Podcast today.
Jimmy is a commercial bank underwriter as well as a real estate investor, so he has a unique insight into the mind of a bank – especially involving real estate investing. . Jimmy is going to share some incredible, actionable tips that any investor can start using today to get your bank to say “Yes” to your next financing request. In addition, Jimmy offers some unique tips for finding great FSBO deals and getting into your first deal.
This show contains so many tips and ideas to help you do more deals, get better financing, and change your future – so grab your pen and paper and set aside the next hour for a truly remarkable show.
Read the transcript for episode 55 wth Jimmy Moncrief here.
In This Show, We Cover:
- Turning your own home into a rental
- Buying a cash flow crazy triplex
- Jimmy’s “lucky” method of finding properties FSBO
- How real estate investors do everything backwards
- Jimmy’s awesome “Quick Tip” about interviewing a bank
- An insider look at the Five “Cs” for getting a loan
- Why Jimmy hates credit scores
- How to turn around a loan denial
- Getting commercial “HUD” loans
- Tips for refinancing your investment properties
- Using cross collateralization to secure financing
- No money down… is it possible?
- And LOTS more…
Books Mentioned in this Show
- The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime by MJ DeMarco
- The Four Hour Workweek by Timothy Ferriss
- 80/20 Sales and Marketing: The Definitive Guide to Working Less and Making More by Perry Marshall
Links from the Show:
- BP Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy
- BP Podcast 014 : Cash Flow, Creative Finance, and Life with Ben Leybovich
- Blackstone B2R Financing
- Smart Passive Income Podcast with Pat Flynn – Episode 18 with MJ DeMarco
- Pareto’s Principle- the 80/20 Rule – Wikipedia Post
Tweetable Topics
- HUD loans are like a pregnancy: fun at the beginning, painful at the end! (Click to Tweet!)
- If you are serious about investing in real estate – you need to know the 5 Cs. (Click to Tweet!)
- If you take a proactive approach to lending, everything works out better. (Click to Tweet!)
- If you want to be a serious real estate investor – treat it like a business. (Click to Tweet!)
Connect with Jimmy
- Jimmy’s BiggerPockets Profile
- Jimmy’s BiggerPockets Blog Posts
- Jimmy’s Blog: RealEstateFinanceHQ.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How much money does it really take to buy a rental property?
$200,000? $100,000? $75,000?
On today’s show, we are going to chat with Lisa Phillips, a real estate investor who buys real estate in the under-$30,000 range and achieves some incredible cash flow from her mostly-passive investing. Lisa shares some amazing insights into how she went from a personal foreclosure to owning several rental properties – bypassing the banks and investing creatively. If you are someone who is looking to get started investing with real estate investing without spending hundreds of thousands of dollars – this is the show for you.
Read the transcript for episode 54 with Lisa Phillips here.
In This Show, We Cover:
- Investing in real estate while navigating the instability of day jobs
- How going through a foreclosure changed Lisa’s financial future… for the better
- Knowing when to call it quits
- Tips for negotiating with creditors
- What makes motivated sellers attracted to a certain real estate investor?
- Tips for defining a good vs bad neighborhood
- Finding a property manager who exceeds your expectations
- How much does a good property manager charge?
- Simple tips for attracting the best tenants to your rental properties
- The positives and negatives of low-price investing
- What crimes are acceptable?
Links from the Show
- Tenant Screening: The Ultimate Guide
- NARPM – National Association of Residential Property Managers
- CrimeReports.com
- SpotCrime.com
- Rentometer.com
Books Mentioned in the Show:
- Rich Dad Poor Dad by Robert Kiyosaki
- The 4 Hour Workweek by Tim Ferriss
Tweetable Topics
- “Be clear & upfront with what you can do for other people. What’s in it for them?” (Click to Tweet!)
- “Landlords: never sacrifice your standards just to fill a vacant unit.” (Click to Tweet!)
- “When looking to invest in real estate, leverage the power of the internet.” (Click to Tweet)
Connect with Lisa
- Lisa’s BiggerPockets Profile
- Lisa’s BiggerPockets Video Blog
- Lisa’s website: www.AffordableRealEstateInvestments.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s episode of the BiggerPockets Podcast we have an incredible chat with financial planner, real estate investor, and an all-around great guy – Jason Hull.
Jason has a great story of how his early mistakes led to his conservative but effective strategy of building wealth through rental property… all without the use of leverage, loans, or doing any labor. Jason has some terrific insight into the way our human behavior causes us to act and invest, – so don’t miss this entertaining and informative show that will have you looking at your real estate in a whole new light.
Read the transcript for episode 53 with Jason Hull here.
In This Show, We Cover:
- Getting over-extended with his first deals and facing the housing collapse
- The “Oh Crap” backup plan
- The only two ways to make money in real estate
- Separating your skills from what the market is doing
- Getting “lucky” in real estate
- Getting to “P.I.R.E.” = Passive Income, Retire Early
- Why Jason doesn’t use leverage (mortgages)
- How to find an awesome property manager
- Working with a Financial Planner
- Stocks vs. Real Estate… Where is the balance?
- Why you should open a Roth IRA with $100
Links from the Show
- Jason’s Post – How NOT to Invest in Real Estate… A Case Study
- BP Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy
- Facebook Post about “How Would You Spend $100?”
- The Two Most Painful Words a Landlord May Ever Hear…
- BP Podcast 050: Getting Started and No Money Down House Flipping with Mike Simmons
Books Mentioned in the Show
- 123 Home Depot
- Entreleadership by Dave Ramsey
- The Goal by Eliyahu M. Goldratt
- The Four Hour Chef by Timothy Ferriss
Tweetable Topics
- Invest for the cash flow. The appreciation is just gravy. (Tweet This!)
- I want to be lazy when I retire! (Tweet This!)
- Having money problems with your spouse is a sign of bad communication. (Tweet This!)
Connect with Jason
- Jason’s Website: HullFinancialPlanning.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s episode of the BiggerPockets Podcast, we talk with one of the most influential voices in the real estate investing world today – Ken McElroy.
Ken, the author of The ABC’s of Real Estate Investing and several other influential books, shares his story of getting started with nothing and building up a real estate investment company with thousands of units and hundreds of employees. Ken has a lot of great advice and knowledge for people at all stages of their investing careers, and shares it in a fun, entertaining manner.
On today’s show we’re going to talk a lot about getting started, raising capital, and investing in large apartment complexes for big wins. Don’t miss a second of this exciting show!
Read the transcript for episode 52 with Ken McElroy here.
In This Show, We Cover:
- Getting started with no money – through property management
- Why should someone invest in multifamily properties?
- Using other people’s money to invest in real estate
- Investing at a distance vs. investing locally
- Determining the best locations and markets to invest in real estate
- Cash flow vs. appreciation: which is best?
- Ken’s newest $9 million dollar project
- Why Ken loves bad landlords
- How to find amazing apartment complex deals
- Raising millions of dollars in 20 minutes
- How to find a great property manager?
- Should someone start with Apartment Complex Investing?
- The worst mistake you can make as a real estate investing
Links from the Show
- What is a Cap Rate? (Capitalization Rate) (article about Cap Rates)
- BiggerPockets Presents: The 21 Best Real Estate Books Ever
Books Mentioned in the Show
- The Art of the Deal by Donald Trump
- The Best Real Estate Advice I Ever Received by Donald Trump
- Turning Pro by Steven Pressfield
- Tribal Leadership: Leveraging Natural Groups to Build a Thriving Organization by Dave Logan
- The Crash Course: The Unsustainable Future Of Our Economy, Energy, And Environment by Chris Martenson
- The ABC’s of Real Estate Investing by Ken McElroy
- The Advanced Guide to Real Estate Investing by Ken McElroy
Tweetable Topics
- The faster you fail, the smarter you get. (Tweet This!)
- “You don’t need to be an expert at everything.”(Tweet This!)
- There’s a lot more money out there than deals. (Tweet This!)
- The best deals are generated from face to face relationships. (Tweet This!)
- The entire goal of my company is to replace myself. (Tweet This!)
Connect with Ken
- Ken’s Website: KenMcElroy.com
- Ken’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s episode of the BiggerPockets Podcast, we cover a huge range of really important topics with real estate investor Mike Sherwood, including investing while holding a full time job, working with a partner to grow quickly, getting started with a small multifamily property, and a lot more.
Mike has invested in the Buffalo, NY for several years now, doing both rentals and is getting into fix and flip, so he has a ton of insight for both those just getting started and for those with a lot of experience already.
This show has so much good information and helpful tips for any real estate investor, this is going to be one you’ll want to listen to over and over just to make sure you get all the great nuggets out of it.
Read the transcript for episode 51 with Mike Sherwood here.
In This Show, We Cover:
- Buying a small multifamily to live for free
- The secret to living next door to your tenants
- Training your tenants
- When is an emergency an emergency?
- Managing your own properties vs. hiring a property manager
- Tips for working a full time job AND investing on the side
- Finding good deals on the MLS
- How Michael found a partner to invest with
- Legally structuring a partnership for real estate
- Ways to systematize your business
- The key to finding partners on BiggerPockets
- Flipping houses while working a full time job
Links from the Show
- Tenants: Customers or Scum? (Training Your Tenants) by Peter Giardini
- The Real Estate Agent’s Ultimate Guide to Working with Investors
- Rentecdirect.com
- Online Property Management Software list from BiggerPockets
- BiggerPockets Keyword Alert System
- BiggerPockets.com/meet
- The BiggerPockets Rental Property Calculator
- Tenant Screening: The Ultimate Guide
Books Mentioned in the Show
- The eMyth Revisited by Michael Gerber
- Landlording on AutoPilot by Mike Butler
- Four Hour Workweek by Timothy Ferriss
- Start Small, Profit Big in Real Estate: Fixer Jay’s 2-Year Plan for Building Wealth by Jay DeCima
- Building Wealth One House at a Time by John Schaub
Tweetable Topics
- “Establish guidelines upfront with your tenants to save yourself a lot of trouble.” (Tweet This!)
- “I wish there were more agents who understood what investors want.” (Tweet This!)
- “You can make any real estate deal look good with 80% down.” (Tweet This!)
- “The most important thing in a partnership is being able to constructively handle differences.” (Tweet This!)
Connect with Mike
- Mike’s BiggerPockets Profile
- Mike’s Website: www.CandMRental.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s episode of the BiggerPockets Podcast, we sit down and talk about the best ways to get started with real estate investing, as well as some killer tips for investing without using your own money.
From picking a niche, overcoming analysis paralysis, and a lot more – our guest, Mike Simmons, will share his story of overcoming obstacles and becoming a full time house flipper in the Metro Detroit area.
Mike has a great story and an incredible strategy for flipping houses using no money of his own, so whether you are brand new or have been investing for years – you don’t want to miss Mike’s creative advice.
Read the transcript for episode 50 with Mike Simmons here.
In This Show, We Cover:
- Overcoming “shiny object syndrome” and “analysis paralysis”
- Losing $1000 on his first “almost deal.”
- Finding contractors without losing your hair
- Dealing with Detroit investing
- Why Mike had to evict a squatter who broke into his property
- Finding good deals in any market
- Using social media to attract private money
- Using partnerships to get started or to grow
- How Mike structures partnerships
- Should you start with wholesaling?
- And a whole lot more!
Links from the Show
- BP Podcast 012 : Wholesaling and Marketing with Sharon Vornholt
- BiggerPockets Success Story Forum
- Tenant Screening: The Ultimate Guide
- The BiggerPockets Hard Money Lender Directory
- BP Podcast 047: Apartment Complexes, NNN Leases, and Commercial Real Estate with Joel Owens
Books Mentioned in the Show
- Rich Dad Poor Dad by Robert Kiyosaki
- The Art of the Deal by Donald Trump
- The Millionaire Next Door by Thomas J. Stanley
- Wealth Attraction for Entrepreneurs by Dan Kennedy
Tweetable Topics
- You can read for days – and never do anything. Get out there and DO something. (Tweet This!)
- Work with a Realtor who knows you and knows your business. (Tweet This!)
- 50% of something is better than 100% of nothing. (Tweet This!)
Connect with Mike
- Mike’s BiggerPockets Profile
- Mike’s Website and Podcast: JustStartRealEstate.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In today’s episode of the BiggerPockets Podcast, we are going to talk about something you may think is a bit boring… taxes..
BUT WAIT! Perseverance
Before you move on to go watch the latest episode of Dancing with the Stars… I promise you this interview isn’t going to bore you to tears, but in-fact could potentially save you thousands of dollars this year alone on your upcoming tax bill. Today, real estate investor and CPA Amanda Han is going to bring a TON of really great tips and advice to help you make sure you are making, and keeping, the most wealth possible.
Additionally, this show is one of the most fun interviews we’ve done on the Podcast, so it definitely brings the once-boring topic of tax planning to a whole new entertaining level. No matter what stage of investing you are in – you definitely don’t want to miss this incredible show.
Read the transcript for episode 49 with Amanda Han here.
In This Show, We Cover:
- How to find a good syndication deal
- Important tax changes YOU need to know for 2013 and 2014
- The Obamacare Tax – do you need to pay it?
- The loophole that allows real estate investors to write off “paper losses.”
- The new laws and tax changes that may limit your mortgage interest deduction
- When to talk to a tax strategist
- How to find a great CPA
- The biggest misconceptions about tax deductions
- What legal entity should you have?
- Things YOU need to do before the end of 2013
- How to deduct your cat food?
- Investing with a Self Directed IRA
- Common tax mistakes that many investors make
- And much, much more.
Books Mentioned in the Show
- Rich Dad Poor Dad by Robert Kiyosaki
- The Four Hour Workweek by Timothy Ferriss
Tweetable Topics
- When looking at syndicated deals, the #1 most important thing to look at is the syndicator, the team behind the deal. (Tweet This!)
- If you’re educating your accountant, it’s probably time to find a new one. (Tweet This!)
Connect with Amanda
- Amanda’s BiggerPockets Profile
- Amanda’s Company Website: KeystoneCPA.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s episode of the BiggerPockets Podcast, we talk with real estate investor Darren Sager about his fascinating business model involving buy and hold real estate, live-in flips, and managing properties with minimal hassle.
This show is crammed full of awesome, actionable ideas, tips, and lessons – so don’t miss a second of it!
Read the transcript for episode 48 with Darren Sager here.
In This Show, We Cover:
- The college professional who got Darren started
- When to use the 1% rule
- How Darren bought his first property for almost nothing down
- The $400,000 live-in flip
- The #1 most important characteristic Darren looks for in properties
- The secret to renting property to people with children
- How to save thousands of dollars using YouTube.
- And a whole lot more
Links from the Show
- The Real Estate Agent’s Ultimate Guide to Working with Investors by Brandon Turner
- How I Found, Analyzed, and Bought an Ugly Purple Rental Property
- Brandon Bought a “Waldo” Rental Property…. But Should You?
- Allure Vinyl Plank Flooring
- PayNearMe
Books Mentioned in the Show
- Rich Dad Poor Dad by Robert Kiyosaki
- The 4 Hour Workweek by Tim Ferriss
- The E-Myth Revisited by Michael Gerber
- Millionaire Real Estate Investor by Gary Kellar
- Millionaire Real Estate Agent by Gary Kellar
- All You Can Do is All You Can Do, but All You Can Do Is Enough by Art Williams
- Hamburger America by George Motz
Tweetable Topics
- “If a deal doesn’t at least meet the 1% rule – run away.” (Tweet This!)
- “It may be cliche, but when buying real estate… location is everything.” (Tweet This!)
- “The worse condition a property is in, the more I’ll love it!” (Tweet This!)
- “The most successful people are those who failed the most.” (Tweet This!)
Connect with Darren
- Darren’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How do you like the idea of making double digit returns while not needing to lift a finger with your investments? If so – this is the show for you. On this 47th episode of the BiggerPockets Podcast we sit down with commercial real estate investor and broker Joel Owens to learn strategies for getting started with commercial real estate investing. From apartment complexes to NNN lease investing and a lot more, this show is packed full of tips for investors in all walks of life.
In This Show, We Cover:
- How Joel got his start… from Pizza Owner to Apartment Broker/Buyer
- Joel’s first investment… that turned bad quickly
- What makes an A, B, C, and D neighborhood
- How much does it really cost to buy commercial real estate?
- Should someone start with apartments or single family properties?
- Where to find apartment complexes and other commercial properties
- How to determine the value of an apartment
- How to carry out the “Value Add” strategy
- No money down commercial investing?
- Carrying a second mortgage when selling real estate
- NNN Lease Investing – How to get started with this passive investments
- And a LOT more
Links from the Show
- Costar
- Loopnet
- BiggerPockets.com/calc
- BiggerPockets.com/meet
- Introduction to Real Estate Investment Deal Analysis by J Scott – (Great blog post about analyzing properties)
Books Mentioned in the Show
Dealmaker’s Guide to Commercial Real Estate: Strategy and Practice for the Intelligent Investor by Ray Alcorn
Tweetable Topics
- “You have to have a certain mentality to live next to your tenants… I don’t have that personality.” (Tweet This!)
- “If you are used to buying houses, apartment investing is the easiest to get into.” (Tweet This!)
- “Real estate is like a roller coaster – fast lows and fast highs…with a lot of coasting in the middle.” (Tweet This!)
- “Run your real estate like a business, not a hobby.” (Tweet This!)
- “Small steps lead to big results.” (Tweet This!)
Connect with Joel
- Joel’s BiggerPockets Profile
- Joel’s Website: AWCommercial.com
Example of Income Approach Math
- Property Type: 4 Plex
- Income Per Unit: $400
- Gross Monthly Income: $1600
- Gross Expected Income: $19200
- Subtract out all operating expenses (60%) $19,200 x .4 = $7,680
- Net Operating Income: $7,680
- Divide by Purchase Price to get Cap Rate: $7,680/100,000 = 7.68%
- Cap Rate: 7.68%
Example of How to Determine How Much You Can Afford
- Cash Down Payment, 10%: $300,000
- Seller held back a 15% second mortgage: $450,000
- Total Purchase Price: $3,000,000
- First Mortgage: $2,250,000
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s special Thanksgiving Day show, we sit down with one of BiggerPockets’ most active members and biggest success stories, Jon Klaus.
Jon has flipped homes, built new properties, rented homes, and done a huge variety of other activities in the real estate space. Not only is Jon an incredibly nice guy, he’s also one of the smartest investors you’ll ever hear from.
Don’t miss a second of this powerful show, where we cover everything from marketing for killer good dealsoutside of the MLS, arranging financing for your deals, getting started with no money, and even a step by step journey through a six-figure spec build.
Read the transcript for episode 46 with Jon Klaus here.
In This Show We Cover
- How Jon got started…using lawn mowing money
- Mistakes Jon has made involving War Zones
- The 7,000 sq ft house flip
- The 2% Rule – what it is, when to use it
- When to change your strategy
- The secret for beating other investors with great deals
- How to market for incredible deals
- How a single trees can cost you over $200,000
- A step by step guide for spec building
- The four elements needed for a successful spec house
Books Mentioned in the Show
- Rich Dad Poor Dad by Robert Kiyosaki
- The 4 Hour Workweek by Tim Ferriss
- The E-Myth Revisited by Michael Gerber
- The Richest Man Who Ever Lived: King Solomon’s Secrets to Success, Wealth, and Happinessby Steven K. Scott
Links from the Show
- The Rental Property Calculator
- BP Podcast 022 – Building a Marketing Machine, Spec Houses, Flipping & Wholesaling with Tucker Merrihew
- Wade Cook – Wikipedia
- The Definitive Guide to Using Seller Financing to Buy Real Estate
- How to Hack Your Housing and Get Paid to Live for Free from Brandon Turner
- Forum Threads on Dodd Frank and Safe Act 1, 2, and 3
- BP Podcast 038: Unique Strategies for Buying Real Estate with Travis Daggett
- J Scott Diary of at Spec Build
- Rich Weiss – BiggerPockets Profile
- Jon’s recent project (with Photos)
Tweetable Topics
- With determination, focus, and a little bit of money – you can get started as a real estate investor today. (Tweet This!)
- The deal flow will always be there; people will always buy and sell real estate. (Tweet This!)
- Buy the property right – that makes all the difference in the world. (Tweet This!)
- The key to success is determination and endurance. Winners don’t quit when it gets hard. (Tweet This!)
Connect with Jon
- Jon’s BiggerPockets’ Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s episode of the BiggerPockets Podcast, we cover a huge variety of really interesting topics with real estate investor Tom Sylvester (yes, that rhymes!)
Tom has been investing in the Rochester, NY area for several years and has a great perspective on getting started, building systems to manage your business, investing in rural areas (or as Brandon says, “rrrrrurrral”,) and a whole lot more.
Don’t miss a second of this excellent interview!
Read the transcript for episode 45 with Tom Sylvester here.
In This Show, We Cover
- Tom’s early lessons
- The advantages and disadvantages to rural investing
- Finding mentors and networking
- Talking with your spouse about getting started with real estate
- Getting started with real estate at a young age
- When is the right time to quit your day job?
- Red flags for problem tenants
- The $10 Toilet part that could have saved Tom hundreds of dollars
- And much more.
Links from the Show
- Investing in Rural Markets: The Secret to Real Estate Investing Success?
- The Top 100 Ways To Make Money In Real Estate
- How to Get Started With $100 blog post by Tom
- Keyword Alerts
- How To Survive When Your Spouse Doesn’t Believe In Your Dream
- How to Start Investing In Real Estate at a Young Age (or a “Young at Heart Age”)
- BP Podcast 044: Creating Systems to Flip Houses While Still Employed with Michael Woodward
- Tenant Screening: The Ultimate Guide
- Cashflow 101: Using the Game to Define Your Investing Strategy
- Home Depot Toilet Fill Valve
- Dropbox App
Books Mentioned in the Show
- The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich by David Bach
- Rich Dad Poor Dad by Robert Kiyosaki
- The 4 Hour Workweek by Tim Ferriss
- The E-Myth Revisited by Michael Gerber
- The Book on Flipping Houses by J Scott
- The Book on Estimating Rehab Costs by J Scott
- What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli
- The Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets
Tweetable Topics
- Find your unfair advantage in business and exploit it. (Tweet This!)
- What do you want your life to be? How are you going to get there? (Tweet This!)
- If you aren’t finding success – be persistent but change your tactic. (Tweet This!)
- Know the difference between a cheap property and deal. (Tweet This!)
Connect with Tom
- Tom’s BiggerPockets Profile
- Tom’s Website: Tom-Sylvester.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Trying to investing in real estate while holding a full time job is tough – but trying to flip houses can be even tougher. From dealing with contractors to finding money to getting the deals in the first place – flipping often feels like a full time job in itself. Luckily, today we talk with someone who is doing all those things while working a demanding day job – and finding great success at it. Michael Woodward sits down with us today to show us the systems he uses to balance both his house flipping with the rest of his life – all while maintaining a full time job. Whether you are a flipper, wholesaler, or Buy and Hold investor – you don’t want to miss this great interview on systemizing your business.
Read the transcript for episode 44 with Michael Woodward here.
In This Show, We Cover
- Why Michael quit his job – but ended up going back into a full time job again
- When’s the right time to quit your job?
- Failure – when it’s necessary
- Learning the tough lessons about doing your own work
- One trick to help you find the very best contractors
- What’s the “Ideal Flip?”
- Why Michael fully furnishes all his properties
- Dealing with troublesome neighbors
- How Michael is funding his flips
- Managing a flip while working a full time job
- The List System that helps Michael know what comes next in a flip
- The best place to buy appliances
- and a lot more
Links from the Show
- BiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian Burke
- Dropbox.com
- 8 Reasons Why Having A Day Job And Investing In Real Estate Is Awesome!
Books Mentioned in the Show
- The Millionaire Real Estate Investor by Gary Keller
- The 4 Hour Workweek by Tim Ferriss
- The E-Myth Revisited by Michael Gerber
Tweetable Topics
- The nice thing about BiggerPockets is the ability to share what we know. (Tweet This!)
- If you’re going to go big you’re going to have to fail somewhere. (Tweet This!)
- You can talk yourself into any deal. It doesn’t make it right. (Tweet This!)
- The only way to invest in real estate while holding a job is to have systems. (Tweet This!)
Connect with Michael
- Michael’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s episode of the BiggerPockets Podcast we sit down with real estate investor Shaun Reilly to talk about a wide range of topics – from getting started while living in an expensive area to wholesaling, putting in offers, flipping houses, buy and hold, and a lot more.
This interview was a ton of fun to do and there are so many great nuggets of information that anyone who listens will walk out with skills they can apply to their real estate investing business.
Read the transcript for episode 43 with Shaun Reilly here.
In This Show, We Cover:
- How to start investing when properties are super expensive
- The benefits and pitfalls of investing in condos
- How Shaun got his first successful flip from a failed wholesale deal
- Investing in real estate with a credit card
- Shaun’s direct mail campaign – and how he got the list for free
- Tips on working with real estate agents
- Offering on HUD Properties
- Offering on hundreds of properties to see what sticks
- The mistakes Shaun has made in his real estate investing
- The craziest property anyone on our show has ever purchased
- And more!
Links From the Show:
BP Podcast 038: Unique Strategies for Buying Real Estate with Travis Daggett
Books Mentioned in the Show:
- Rich Dad Poor Dad by Robert Kiyosaki
- Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki
- Rich Dad’s Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! by Robert Kiyosaki
- Nothing Down: How to Buy Real Estate With Little or No Money Down by Robert Allen
- The 7 Habits of Highly Effective People: Powerful Lessons in Personal Change by Stephen R. Covey
- Getting Things Done by Robert Allen
Tweetable Topics
- Don’t focus on simplistic things that are easy to do but are not effective. (Tweet This!)
- The key to buying troubled properties is buying them at the right price. (Tweet This!)
- There are two kinds of real estate investors – those who make a lot of money and those who give up too soon. (Tweet This!)
Connect with Shaun
- Shaun’s BiggerPockets Profile
- Shaun’s BiggerPockets’ Member Blog
- Shaun’s Lead Gen Website: http://www.rre-homes.com/
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The concept of wholesaling still confuses a lot of people – and learning how to do it correctly to make great income confuses even more.
Luckily, today on the BiggerPockets Podcast we are going to sit down with a wholesaler who is crushing it with his amazing wholesaling business. Mike Nelson is going to take us inside his business and show us how he is generating huge profits through systems that you can start to implement in your own business today. From marketing to outsourcing to partners and more – this podcast will take you from wholesaling newbie to pro in just an hour.
Don’t miss this show!
Read the transcript for episode 42 with Mike Nelson here.
In This Show, We Cover
- How Mike lost 2k on the first deal
- Partnering with others while wholesaling
- Virtual wholesaling
- Mike’s exact process for wholesaling a deal
- Postcards vs. Yellow Letters
- The one direct mail tip that blew Josh and Brandon away!
- Tips and tools for finding missing homeowners
- How to hire a Virtual Assistant to help you in your business
Links from the Show
- Accurint by Alexis Nexus
- BP Podcast 018 : Flipping, Marketing, and Wholesaling with Danny Johnson
- BP Podcast 038: Unique Strategies for Buying Real Estate with Travis Daggett
- ODesk.com
Books Mentioned in the Show
- Rich Dad Poor Dad by Robert Kiyosaki
- The 4 Hour Workweek by Tim Ferriss
- The E-Myth Revisited by Michael Gerber
- The Lean Startup by Eric Ries
Tweetable Topics
- The secret to success in business is fixing other people’s headaches. (Tweet This!)
- If you don’t have a business card – you are inconveniencing the other person to write down your number. (Tweet This!)
Connect with Mike Nelson
- Mike’s Blog WholesalingHouses101.com
- Mike’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s episode of the BiggerPockets Podcast, we are excited to bring you a fascinating interview with real estate investor Douglas Larson.
Douglas has been investing for over 15 years, doing everything from flipping, buy and hold, lease options and more. Additionally, Douglas has some great stories of working for several weeks on a Guru sales floor, and sheds new light on the shady sales world that we, at BiggerPockets, stand so strongly against.
You definitely don’t want to miss this entertaining and informative show!
Read the transcript for episode 41 with Douglas Larson here.
In This Show, We Cover
- How Douglas started investing in an expensive location
- Tips for starting while working a full time job
- How to encourage your spouse to support your REI dream
- Tips for bidding for properties in online auctions
- “Scandal” in the online auction world
- Working with your spouse in a real estate business
- Lessons learned while working the “Guru” sales training
- Tips for dealing with contractors and keeping them on the job site
- And a lot more!
Links from the Show
- What Does the Fox Say (See the Video Below!)
- The 9-Year-Old Idea That Continues to Change Lives: Happy Birthday BiggerPockets!
- The BiggerPockets Podcast Homepage (Check out our new photo!)
- The BiggerPockets Resources Page
- BP Podcast 028: Note Investing and Raising Private Money with Dave Van Horn
- BP Podcast 037: Full Time Income, Part Time Lifestyle Real Estate Investing with Aaron Mazzrillo
- BP Podcast 034: Virtual Real Estate Investing and How to Find Great Deals in a Hot Market with Anson Young
- John T Reed – The B.S. Checklist
- Postlets.com
Also – be sure to check out this great article from Douglas from over in the BiggerPockets Member Blogs with even more information from Douglas, as well as some photos of some of the properties mentioned in the show! “Bigger Pockets Podcast Show 41…”
Books Mentioned in the Show
- The 4 Hour Workweek by Timothy Ferriss
- Rich Dad Poor Dadby Robert Kiyosaki
- Rich Dad’s Success Stories: Real Life Success Stories from Real Life People Who Followed the Rich Dad Lessons by Robert Kiyosaki
- The Millionaire Next Door by Thomas J. Stanley
- 7 Habits of Highly Effective People by
- Freakonomics: A Rogue Economist Explores the Hidden Side of Everything by Steven D. Levitt
Tweetable Topics
- People pay good money for turn key investments (Tweet This!)
- A lot of people can talk story – but not everyone get’s it.(Tweet This!)
- Luck doesn’t fall from the sky. You make your own luck.(Tweet This!)
Connect with Douglas
- Douglas’ Website: LuckyLarson.com
- Douglas’ BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today’s episode of the BiggerPockets Podcast is a little different than normal – in a great way. To celebrate the 40th episode of the Podcast, Brandon and Josh spend an hour sharing their top forty tips for buying your first – or next – investment property. These tips range from marketing to working with agents to investing with a full time job and a whole lot more. Whether you are brand new or are an experienced investor, a flipper, wholesaler, or buy and hold investor – these tips are going to help you build your business and close more deals, faster.
Read the transcript for episode 40 with Josh & Brandon here.
In This Show, We Cover:
- Working with investor friendly agents
- Finding and lining up financing
- The 50%, 70%, 1%, and 2% rules
- Tips for inspecting property
- Finding deals that are “off market”
- Direct mail tips and tricks
- Negotiation Tips
- Hiring property management
- Investing in real estate with a full time job
- and a whole lot more!
Special Thanks to This Week’s Sponsor
We just want to give a special shout-out to our very first sponsor ever here on the BiggerPockets Podcast – MemphisInvest.com. The team at MemphisInvest continues to provide incredible value to our community, so definitely take a minute to check them out if you are interested in turnkey rental property.
Visit them at Blog.MemphisInvest.com/BP
Links Mentioned in the Show:
- BP Radio Podcast 001: Building a Successful House Flipping Business and Losing Millions with Marty Boardman
- BP Podcast 011 : The Ultimate Beginner’s Podcast For Real Estate Investors
- BP Podcast 006: Investing While Holding a Full Time Job with Arthur Garcia
- BP Podcast 037: Full Time Income, Part Time Lifestyle Real Estate Investing with Aaron Mazzrillo
- BP Podcast 026: Building a Scalable Real Estate Business and Tenant Management Tips with Chris Clothier
- The Real Estate Agent’s Ultimate Guide to Working with Investors – shortcode?
- [Video] How I Quickly Analyze an Investment Property
- The BiggerPockets Analysis and Reporting tools
- The 50% Rule: How to Quickly Analyze a Multifamily Investment Property [Video]
- Driving for Dollars Bible
- YoureTheManNowDog.com
- Property Management Interview Questionnaire
- BiggerPockets Deal Analysis Forum
- Hard Money Lender Directory
- MemphisInvest.com
- EchoSign
- Why YOU Should Organize a Local BiggerPockets Real Estate Meetup
- 8 Tips for Having a Local BP Meetup
Books Mentioned in the Show
- No Time To Think: The Menace of Media Speed and the 24-hour News Cycle by Howard Rosenberg and Charles S. Feldman
- The Four Hour Workweek by Tim Ferriss
- The E-Myth Revisited by Michael Gerber
Tweetable Topics
- When dealing with home sellers, look for motivation and equity. (Tweet This!)
- When analyzing property, don’t let emotion cloud your judgement. (Tweet This!)
- You can build your reputation by being ‘that guy’ who brings everyone together. (Tweet This!)
- Find investment niches and strategies that fit your lifestyle. (Tweet This!)
- Create systems for your business so you are not the bottleneck in your business. (Tweet This!)
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today on the BiggerPockets Podcast, we sit down with Seth Williams, a real estate investor from Michigan, who shares with us his story of finding and flipping vacant land. Although land is often view negatively with investors, the strategies Seth uses will definitely increase your awareness (and desire) for investing in vacant land. In addition, Seth shares his secrets for marketing and speaking with motivated sellers, as well as offering some great tips on generating leads online. This show is packed with ideas and strategies you’ve probably never heard of – so definitely don’t miss a moment of this interview.
Read the transcript for episode 39 with Seth Williams here.
In This Show, We Cover
- How to “Flip” land for dirt cheap
- Why people sell land for pennies on the dollar
- Selling properties via Craigslist
- Buying 3 lots for $150
- Marketing through direct mail
- How to buy lists directly from the county
- Two places to buy your leads
- The postcards that give Seth the best leads
- Dealing with angry phone calls… in a humorous way
- Building a lead generating website
Links From the Show
- BP Podcast 016: Land Contracts, Creative Selling, and Finding Private Money with Clay Huber
- BP Podcast 012 : Wholesaling and Marketing with Sharon Vornholt
- Elance.com
- Fiverr.com
- Cannon T3i Camera
- Click2Mail.com
- LearningDSLRVideo.com
Books Mentioned in the Show
- Rich Dad Poor Dad by Robert Kiyosaki
- The ABCs of Real Estate Investing by Ken McElroy
- Necessary Endings by Henry Cloud
Tweetable Topics
- When people laugh at my offer it tell me I’m doing something right. (Tweet This!)
- There’s tons of opportunity in land investing – especially for those without a lot of money. (Tweet This!)
Connect with Seth
- Seth’s BiggerPockets’ Profile
- Seth’s Blog Retipster.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s episode of the BiggerPockets Podcast, we want to dive into some really great buying strategies for picking up properties for the best deals. Our guest today, Travis Daggett, leads us into some really interesting and high level techniques that any investor, new or seasoned, can immediately apply to their own business. From buying HUD properties to bidding at the Courthouse steps – this show is chalked full of actionable advice. Although Travis is primarily a wholesaler, his story and knowledge on buying great deals can help any house flipper, buy and hold investor, wholesaler, or any other real estate investor. Definitely don’t miss this show.
Read the transcript for episode 38 with Travis Daggett here.
In This Show, We Cover
- The “failed” early experiences that helped define Travis’ future investing
- How Travis made 5 figures on his first wholesale deal
- The benefits (and downsides) of buying a HUD house
- How to “shotgun” offers on real estate deals
- Strategies for bidding on the “courthouse steps”
- Travis’ story of when flipping didn’t work out
- Tips for being more productive and getting more done in less time
- Creative ways to attract private money
Links from the Show
- BP Podcast 037: Full Time Income, Part Time Lifestyle Real Estate Investing with Aaron Mazzrillo
- The Real Estate Agent’s Ultimate Guide to Working with Investors
- HudHomeStore.com
- Ultimate Beginner’s Guide to Real Estate Investing
- Insanity Workout
Books Mentioned in the Show
- Four Hour Workweek
- FLIP: How to Find, Fix, and Sell Houses for Profit by Rick Villani
- Millionaire Real Estate Investor by Gary Keller
Tweetable Topics
- Just like most things the federal government does – they don’t do it well. (Tweet This!)
- REI Quick Tip: Find out who the neighbor’s landlord is – and become friends with them. (Tweet This!)
- Your first offer shouldn’t be accepted – or it’s too high. (Tweet This!)
Connect with Travis
- Travis’ BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Not all real estate investors need to work 80 hours a week to put food on the table and build their wealth. On today’s episode of the BiggerPockets Podcast we are excited to introduce you to Aaron Mazzrillo, a real estate investor from the Southern California area who makes a great full time living with just 4 to 5 hours of work per day. Aaron’s smart strategies for wholesaling, buy and hold, and flipping are fascinating and will give you an entirely new perspective on building wealth through real estate – while enjoying every moment of it.
Read the transcript for episode 37 with Aaron Mazzrillo here
In This Show, We Cover
- How Aaron was able to quit his job through real estate
- Investing in expensive areas
- Finding properties through wholesalers
- Negotiating with sellers and cash buyers
- Aaron’s exact direct mail strategy
- Why wholesaling isn’t the best strategy for starting out
- Advanced methods for structuring no-money down deals
- How to really determine expenses on a rental
- Dealing with tenants without losing your mind
- Starting a real estate mastermind group
Links From the Show
- The New iOS7 BiggerPockets App
- BiggerPockets Pro
- BiggerPockets Book on Estimating Rehab Costs
- BiggerPockets Book on Flipping Houses
- Fiverr.com – Get any task done for $5
- Tenant Screening: The Ultimate Guide
- VFlyer.com
- Books Mentioned in the Show
- Think and Grow Rich by Napoleon Hill
- Getting Everything You Can Out of All You’ve Got by Jay Abraham
Tweetable Topics
- Surround yourself with the kind of people you want to become (Tweet This!)
- When negotiating, focus on explaining the outcome for the seller (Tweet This!)
- If you can’t afford to keep it vacant – you can’t afford to keep it (Tweet This!)
- I don’t consider myself a real estate investor…I consider myself a marketer who invests in real estate. (Tweet This!)
Connect with Aaron
- Aaron’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s episode of the BiggerPockets Podcast, we look at the topic of landlording and get some great advice from long-time landlord Kevin Perk. Kevin is a very successful investor from the Memphis area and has a real good grasp on finding and dealing with tenants as well as some unique methods of financing his properties, getting rid of bad tenants, and building wealth. There is a lot of really great tips and advice for anyone looking to grow their buy and hold real estate business.
Read the transcript to episode 36 with Kevin Perk here.
In This Show, We Cover:
- How Kevin finances dozens of properties with creative financing
- Private lending and methods to use commercial financing to invest
- Making offers that get accepted
- The three things that turn a landlord into a slumlord – and how to avoid them
- Online technology to help attract and manage tenants
- Signs of future bad tenants
- How to fill vacancies during the holiday season
- The best and worst parts of being a landlord
- Real estate clubs: determining the good, the bad, and the ugly
Links Mentioned in the Show:
- The Real Estate Agent’s Ultimate Guide to Dealing with Investors
- Tenant Screening: The Definitive Step by Step Guide
- How to Rent Your House: The Ultimate Step by Step Guide
- AppFolio.com
- Top Online Property Management Software list from BiggerPockets
Books Mentioned in the Show:
- Rich Dad Poor Dad by Robert Kiyosaki
- Cash Flow Quadrant by Robert Kiyosaki
- The E-Myth Revisited by Michael Gerber
- The Book on Flipping Houses by J Scott
- The Book on Estimating Rehab Costs by J Scott
Tweetable Topics:
- Don’t drop your standards just to quickly fill a vacancy. (Tweet This!)
- When investing in real estate, have some cash reserves. (Tweet This!)
- If you bet on appreciation – you are going to lose. Real estate doesn’t always go up. (Tweet This!)
Connect with Kevin:
- Kevin’s BiggerPockets Profile
- Kevin’s Blog: SmarterLandlording.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s Podcast, we sit down with blogger, investor, BiggerPockets contributor, and perhaps “the most interesting woman in the world”- Paula Pant. Paula has a unique perspective on personal finance that is helping her build a strong buy-and-hold portfolio while maintaining freedom and mobility that most only dream of. This interview is sure to fascinate, entertain, and give some great real estate investing advice that you can use in your own life.
Read the transcript to episode 35 with Paula Pant here.
In This Show, We Cover
- How traveling the world for two years led Paula to real estate
- Tips for managing tenants while on vacation
- How to avoid “creative accounting“
- Paying yourself when managing your own properties
- Paula’s definition of “financial freedom“
- Why pinching pennies might actually hurt you
- What “Lifestyle Design” is – and how to do it
- How to quit your job and start living a life you want
- Tips for saving for that first rental
- Benefits of blogging about your investing
Links From the Show
- Paula’s interview on NPR
- Paula’s article: You Know What Really Sucks? Cubicles
- How I Accidentally Bought Two of Kurt Cobain’s Former Homes and Why That’s Not Even The Best Part. (Brandon’s 1st Small Multifamily Property Story)
- How to Buy a Small MultiFamily Property: A Step by Step Case Study
- The Ultimate Guide to Tenant Screening
- Travel Hacking
Books from the Site:
- The Four Hour Workweek by Timothy Ferriss
- Rich Dad Poor Dad by Robert Kiyosaki
- From 0 to 130 Properties in 3.5 Years by Steve McKight
Tweetable Topics
- Theres a difference between active income and passive income. Know that difference. (Tweet This!)
- If I can make, in passive income, as much as the average us household earns – that’s financial freedom. (Tweet This!)
- Life is too precious to spend it doing something you hate. (Tweet This!)
- Blogging helps you clarify what you should be doing as a real estate investor. (Tweet This!)
Connect with Paula
- Paula’s Blog: AffordAnything.com
- Paula’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Many investors find themselves trapped by a heated market – but today’s guest shows that it is fully possible to invest in real estate – even in a hot real estate market.
Anson Young, who lives in the Denver area, joins us today to chat about finding great deals locally and virtually, as well as tips for working with agents, dealing with assignments, and a whole lot more. Anson is a fun guy who has a ton of awesome tips to share with everyone, so don’t miss today’s show!
Read the transcript to episode 34 with Anson Young here.
In This Show, We Cover
- The “crap jobs” that led to Anson’s real estate investing career
- How Anson partnered on his first deal without doing any labor
- Finding great deals on the MLS
- How Anson finds the best neighborhoods to invest in
- How to wholesale virtually
- What to do if you don’t have direct MLS access
- Using the “Short Sale Time Machine” to build equity
- How to get around the “non assignment” clause when wholesaling bank repos
- Mistakes made by Anson when getting started
- And much more…
Links from the Show
- The Real Estate Agent’s Ultimate Guide to Working with Investors
- The Book on Flipping Houses
- The Book on Estimating Rehab Costs
- The BiggerPockets Forums
- The 21 Best Real Estate Books Ever
- The BiggerPockets REI Resource Center
Books Mentioned in the Show:
- Rich Dad Poor Dad by Robert Kiyosaki
- Millionaire Real Estate Investor by Gary Keller
- The Four Hour Workweek by Timothy Ferriss
- Crush It by Gary Vaynerchuk
Tweetable Topics
- Working crappy jobs can be a good way to get started with real estate investing (Tweet This!)
- Plan with the end in mind. (Tweet This!)
- You are either consistent or non-existent. (Tweet This!)
Connect with Anson
- Anson’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s episode of the BiggerPockets Podcast, we sit down with a relatively new investor who is absolutely crushing it as a flipper and wholesaler – Sam Craven. Sam has an incredible story of learning to fight through the initial problems that all new investors face and achieving a lot of success while investing during his weekends and evenings. Sam has a ton of great tips on marketing, making a plan, running an investment business, and a lot more. Don’t miss this show!
Read the transcript to episode 33 with Sam Craven here.
In This Show, We Cover
- Working with family without killing each other
- Closing 27 deals during the first year in business
- Getting leads with direct mail
- Investing while holding a full time job
- Partnering with other investors when first beginning
- How to lower your direct mail response rate … and why you want to
- Tips on online advertising
- Making a plan for future growth
- How to stand out from the “bad wholesaler” crowd
- How to build a sophisticated buyer’s list
- How to handle major problems when they come up
Links from the Show
- BiggerPockets Pro Memberships
- LoopNet.com
Books Mentioned in the Show
- The Millionaire Real Estate Investor by Gary Keller
- The E-myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It by Michael Gerber
Tweetable Topics
- “To grow as a real estate investor, get involved in the conversations about real estate.” (Tweet This!)
- “Transparency is key when attracting clients, partners, and investors.” (Tweet This!)
- “Good deals are found through relationships.” (Tweet This!)
Connect with Sam
- Sam’s BiggerPockets Profile
- Sam’s Website – Senna Homes
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Many house flippers focus on small, cheap properties – but on today’s show we look at the other end of the flipping world: luxury house flipping. Our guest today, Will Barnard, is currently flipping multimillion dollar homes in the Southern California market, but the lessons and tips he shares can help any investor in any stage of the game. Will shares his story of how he got started with real estate investing and built up his business that has covered buy and hold, land development, flipping, and more. This episode covers a wide variety of topics that are sure to entertain and inform – so sit back and enjoy! We’re really excited to bring you this interview.
Read the transcript to episode 32 with Will Barnard here.
In This Show, We Cover
- Working with family when starting out
- The infamous occupant from hell…
- The transition from low-end flipping to high-end flipping
- Where Will believes the market is going
- When the 70% rule applies – and when it doesn’t
- How to find comparable sales for unique homes
- When to use architects and interior designers
- The crazy story of the “Seven Figure Spread” flip
- Working with Real Estate Agents
- And more!
Links from the Show
- Forum thread about the recent Gmail changes
- Will’s Occupant from Hell Story on the BiggerPockets Forums
- The House Flipping Calculator on BiggerPockets
- DocuSign Ink App
- EchoSign
- How to Negotiate: 7 Real Estate Negotiation Tips by J Scott
Books Mentioned in the Show
- Trump Style Negotiation by George Ross
- Real Estate Finance and Investment Manual by Jack Cummings
Tweetable Topics:
- “Simplicity is key. Buy right … that’s where you’ll lock in your profit.” (Tweet This!)
- “Real Estate rules are guidelines, not hard and fast. They are not silver bullets.” (Tweet This!)
- “Everything you do in real estate- it’s all about the negotiation.” (Tweet This!)
- “There are a lot of hurdles in real estate. It is a roller coaster ride.” (Tweet This!)
- “Experience is the Best Educator.” (Tweet This!)
Connect with Will
- Will’s BiggerPockets Account
- Will’s Website: www.BarnardEnterprises.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s show, we want to introduce you to a relatively new investor who is building a really awesome wholesaling business through the use of smart marketing, savvy business skills, and persistence. Lamar Cannon, from the Austin, TX area, shares with us his story of how he got started with wholesaling and uses the sales skills from his previous job to close more deals. No matter what kind of investor you are, Lamar’s story is going to inspire you, motivate you, and help take your own business to a new level.
In This Show, We Cover
- Lamar’s first “accidental deal“
- Negotiating directly with a bank
- How to avoid jumping from shiny object to shiny object
- Finding cash buyers
- Dealing with bad neighborhoods
- The right way to answer phone calls as a wholesaler
- How to determine your wholesaling “law of averages“
- Tips for wholesaling with no money
- Plus a lot more!
Links from the Show:
- BiggerPockets G+ Account
- Ultimate Beginner’s Guide to Real Estate Investing
- How to Create an Awesome Lead Generating Website in Under an Hour with No Technical Abilities
Books Mentioned in the Show
- The Book on Flipping Houses by J Scott
- The Book on Estimating Rehab Costs by J Scott
- Rich Dad Poor Dad by Robert Kiyosaki
- Good to Great by Jim Collins
- Four Hour Workweek by Timothy Ferriss
Tweetable Topics:
- In business, be consistent with your strategy and focus on one thing at a time. (Tweet This!)
- Be solution-oriented. (Tweet This!)
Connect with Lamar
- Lamar’s BiggerPockets Profile
- Lamar’s Website: We Buy Houses in San Antonio
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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 Kenny Estes 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!)
Read the transcript to episode 30 with Kenny Estes here.
In This Show, We Cover
- How Kenny started investing at 18 years old – while still in college.
- The early mistakes that Kenny is still digging out from
- The “Cab Driver Metric” in Real Estate Investing
- Why “no money down” is dangerous
- How to “stress test” a real estate deal
- How Kenny found his initial private investors
- The debate between “Invest Yourself” or “Invest with Others”
- Kenny’s real estate team – and how he built it
- Finding and dealing with contractors
- Kenny’s “bold” exit strategy plan
Links from the Show
- The House Flipping Calculator
- Are Stocks Better than Real Estate? Post by Kenny Estes
- “Boring can be Sexy when Investing in Real Estate” post by Ben Leybovich
- Ultimate Beginner’s Guide to Real Estate Investing – Free eBook
- CashFlow Board Game
Books Mentioned in the Show
- Rich Dad Poor Dad by Robert Kiyosaki
- Investing in Real Estate – Gary Eldred
- On China – Kissinger
Tweetable Topics
- Be very cognizant of your risk threshold and do it very conservatively. (Tweet This!)
- Private investors are people you know. (Tweet This!)
- Invest simply, do it conservatively, do it for the long haul. (Tweet This!)
Connect with Kenny
- Kenny’s BiggerPockets Profile
- Kenny’s Blog – PearTreeProperty.com/Blog
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s episode of the BiggerPockets Podcast, we are going to dive into some really fascinating new ways to finance your real estate investing while talking with residential investor Dawn Anastasi. Dawn is an active investor in the Milwaukee area who, while working a full time job, has collected a number of rental properties with amazing cash flow each month. Dawn shares with us her strategy for buying low priced houses (with unique financing in place,) fixing them up, and leasing them out to great tenants. This show definitely has a lot of great tips, ideas, and strategies for both new investors and seasoned pros.
Read the transcript to episode 29 with Dawn Anastasi here.
In This Show, We Cover
- Working with Family and Friends
- Investing in Real Estate from a Woman’s Perspective
- Dealing with Difficult Contractors
- How to Find Houses for Between $20,000 – $30,000
- Financing Real Estate Through Peer-to-Peer Funding
- Buying Long Distance Properties
- Why Single Family Rentals Rock
- Finding Partners on BiggerPockets
Links from the Show
- Lending Club (BiggerPockets Partner Link)
- Prosper (BiggerPockets Partner Link)
- How to Buy a Small Multifamily: A Step by Step Case Study
- Brandon’s Twitter, Josh’s Twitter, BiggerPockets’ Twitter
- Tenant Screening: The Ultimate Guide
- The BiggerPockets MarketPlace
- Rich Dad Poor Dad Audio Book on Youtube
- How to Analyze a Fix and Flip: A Step by Step Case Study
- The BiggerPockets Fix and Flip Analysis and Reporting Tool
Books Mentioned in the Show
- The Section 8 Bible
- Rich Dad Poor Dad
Tweetable Topics
- You need to be comfortable with whatever investing strategy you choose. (Tweet This!)
- A deal is a deal, whether it’s a single family home or duplex. Go where the deal is. (Tweet This!)
- Know your real estate market: the niches, and the neighborhoods. (Tweet This!)
- The Bigger Pockets Marketplace is eHarmony for Real Estate Investors! Have You Found Your Match? (Tweet This!)
Connect with Dawn
- Dawn’s BiggerPockets Profile
- Dawn’s Website www.coreprop.biz/
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s episode of the BiggerPockets, we’re going to dive into an area of real estate investing that is largely unknown, yet can be one of the most passive forms of earning lucrative returns: note investing. Our guest today is Dave Van Horn, who has been actively investing in real estate for more than twenty years and currently runs a very successful note business, PPR Note Company. In addition to information on notes and passive income, Dave also has a ton of great tips for any investor looking to raise money for their real estate deals – so definitely don’t miss this valuable and informative show!
Read the transcript to episode 28 with Dave Van Horn here.
In This Show, We Cover
- How Dave used other people’s money to buy real estate
- Attracting private lenders through proper networking
- Dave’s beginning journey into note investing and “Soft-Hard Money”
- Why people sell notes … for steep discounts.
- Buying “delinquent mortgages” for incredibly low amounts
- The kind of discounts you can get from second mortgages
- Strategies for dealing with delinquent payments
- Three ways to get started buying notes
- How much you need to get started investing in notes
- Unique ideas for raising capital and finding accredited investors
- Staying out of trouble when dealing with accredited investors
- The mistake that cost Dave’s company $10,000 when dealing with investors
Links from the Show
- BiggerPockets YouTube Chanel
- BP Podcast 026: Building a Scalable Real Estate Business and Tenant Management Tips with Chris Clothier
- BREAKING NEWS: General Solicitation of Accredited Investors is Now Legal… Who are the Winners and Losers?
- The BiggerPockets Forums
- The BiggerPockets House Flipping Calculator
Books Mentioned in the Show
- Missed Fortune 101 by Douglas Andrew
- Mastering the Rockefeller Habits by Verne Harnish
Tweetable Topics
- Keep your money moving… keep the velocity going. (Tweet This!)
- How many deals could you do if you had an unlimited supply of money? (Tweet This!)
- Start raising money with the people in your cell phone (Tweet This!)
Connect with Dave
- Dave’s BiggerPockets Profile
- Dave’s Company PPR Note Company
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s episode of the BiggerPockets Podcast, we talk with the dynamic husband and wife team ofJason and Katherine Grote about their adventures in flipping and wholesaling, while specifically dealing with some of the unique ways they find deals for their real estate investing business. This show was really a ton of fun to record and will give you both ideas and many good laughs as you hear the Grote’s story and tips for you and your investing business!
Read the transcript to episode 27 with Jason and Katherine Grote here.
In This Show, We Cover
- What a “wholetail” is – and why it can be profitable
- The first direct mail campaign that… flopped.
- When to “buy and hold” and when to “flip?”
- When to Quit your job … and when NOT to.
- Flipping in hot vs. cold markets
- How to wholesale without being a time-stealing “bottom feeder”
- Dealing with foundation problems
- Tips for working with your spouse
Links from the Show
- The New BiggerPockets Real Estate Calculators and Analysis Tools
- Fix and Flip Analysis & Reporting Tool
- Lending Club
- BP Podcast 010 : Flipping Houses 101 with J Scott
- BP Podcast 018 : Flipping, Marketing, and Wholesaling with Danny Johnson
- 5 Key Takeaways From the Inman Real Estate Connect SF 2013 Conference
- How to Create an Awesome Lead Generating Website in Under an Hour with No Technical Abilities
Books Mentioned in the Show:
- Rich Dad Poor Dad by Robert Kiyosaki
Tweetable Topics
- Anything worth anything is all about hard work (Tweet This!)
- People decide whether or not they’ll buy your house in the first 3 minutes.(Tweet This!)
- We’re passionate about real estate… it’s fun! (Tweet This!)
- Who needs a book when you have BiggerPockets! (Tweet This!)
Connect with Jason and Katherine
- Jason’s BiggerPockets Profile
- Katherine’s BiggerPockets Profile
- The Grote’s Website: www.IBuyAustinHouses.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Successful real estate investing involves a lot more than just tenants, toilets, and trouble. Successful investors have learned to manage their investing like a business and not a hobby by creating systems to scale their efforts and build wealth faster and more securely. To get a better idea on just how to do this, on the show today we talk with real estate pro Chris Clothier of Memphis Invest, who shares his story and his view on how to start working on your business and not in your business. If you are looking to take your investing to the next level while maintaining more control – don’t miss this episode. Chris also has some awesome tips on getting your properties rented quicker and dealing with difficult tenants so be sure to take notes!
Read the transcript to episode 26 with Chris Clothier here.
In Today’s Show, We Cover
- Student housing: a good idea or a bad idea?
- When NOT to use partnerships – and the perfect kind of partner.
- What comes first: hiring employees or ramping up your marketing.
- What true marketing really is… and why it costs nothing.
- Tips for outsourcing parts of your business that don’t excite you.
- Why Chris didn’t use a formal business plan but you probably should.
- How to hire people and guarantee you can always pay their salary.
- Chris’ unique “game” for filling vacant units.
- The one tenant trait that is an automatic denial.
- Specific questions to ask a property manager before hiring them.
Links from Today’s Show:
- BP Podcast 009: Using Hard Money Lenders to Grow Your Business with Ann Bellamy
- Keyword alerts
- Do You Feel Like You Are Drowning In Your Business? Start Outsourcing!
Books Mentioned in the Show
- Make it Big by Frank McKinney
- Rework by Jason Fried and David Heinemeier Hansson
Tweetable Topics
- “The best marketing you could ever do is simply talking to other people.” (Tweet This!)
- “If you are going to start a business… why not go all in?” (Tweet This!)
- “To scale your business, you gotta bring in the highest quality people.” (Tweet This!)
- “Surround yourself with people who believe in your vision and are up for the challenge.” (Tweet This!)
- “Don’t be scared to share in the wealth of what you are doing.” (Tweet This!)
Connect with Chris
- Chris’ Company Website MemphisInvest.com
- Chris’ BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s episode of the BiggerPockets Podcast – we’re going to change things up. You see, all of our interviews thus far have been with real estate investing professionals, who are absolutely crushing it in their real estate journey.
However, today, we want to sit down with some investors who are just starting out and can tell us their stories of how they achieved their first real estate deal. These stories are not only helpful for new investors, but even the pros can learn valuable lessons from their experiences. We cover everything from investing when you live in an expensive city to dealing with the drama that might arise during a wholesale deal and even tips for buying a small multifamily property as your first primary residence. Don’t miss this amazing set of interviews with some really great individuals!
Read the transcript to episode 25 here
Links from the Show:
- New Member Introduction Forum
- ThisMomBuysHouses.com
- The 2% Rule and 50% Rule
- Google Street View
- The BiggerPockets Deal Analysis Forum
Books Mentioned in the Show
- How to Be a Deed Grabber by Rick Dawson
- How I Turned $1,000 into Five Million in Real Estate in My Spare Time by William Nickerson
Tweetable Topics
- “When financing real estate, find a lender who knows what they are doing.” (Tweet This!)
- “If you have a good property, at a good price, in a good location – you won’t have a problem selling.” (Tweet This!)
- “You can’t use your location as an excuse not to invest.” (Tweet This!)
- “It’s more important, with early deals, to get them moved early and build your confidence.” (Tweet This!)
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s episode of the BiggerPockets Podcast, we talk with active house flipper and real estate investor Michael LaCava about flipping houses in today’s rapidly changing real estate market. Mike has been flipping houses since 2006, so he’s seen both the crash and the emergence of the market, and has a ton of great insight into building a scalable flipping business, analyzing deals quickly and efficiently, and (as a new feature on the Podcast) Mike dives into a “Fire Round” where he answers some of the most interesting questions asked by BiggerPockets members in the Forums.
Read the transcript to episode 24 with Michael LaCava here
In This Show, We Cover
- Finding and Working with Partners in your Investing
- Losing money on the first deal
- Mike’s view on the Hedge Fund problem
- Exit strategies … “What happens IF…”
- The $2.5 million dollar deal that fell apart
- When to use the 70% Rule and when NOT to use it
- Finding accurate comparable sales (Comps)
- The best way to estimate repairs
- Hiring your very own acquisition manager
- Tips for wholesalers
- The power of blogging for your business
- The flipping “Fire-Round”
- Flipping a “Murder House?”
- Finding deals in a competitive market
Links from the Show
- BiggerPockets Deal Analysis Forum
Books Mentioned in the Show
- Think and Grow Rich by Napoleon Hill
Tweetable Topics:
- “When flipping a house, you make your money on the front end. It’s understanding the numbers before getting into it.” (Tweet This!)
- “Relying on the experts and building your team is crucial to being successful.” (Tweet This!)
- “You need to create a plan, you need to write it down, you need to start taking action.” (Tweet This!)
- “Success isn’t about how much money you make – it’s about enjoying life along the way.” (Tweet This!)
- “Goals with no actions are just dreams.” (Tweet This!)
Connect with Michael
- Michael’s Website HouseFlippingSchool.com
- Michael’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
One of the biggest issues that most investors face is the issue of investing while holding a full time job. In today’s episode of the BiggerPockets Podcast, we sit down with real estate investor James Vermillionto discuss how he has built his real estate flipping and buy-and-hold investing business while working full time in the US Military and with a non-real estate business. James shares his story, along with numerous tips for managing your time while working a job and dealing with partnerships to maximize your investing power.
Read the transcript to episode 23 with James Vermillion here
.In This Show, We Cover
- How James works a full time job while flipping houses
- Overcoming the “Education Only Phase” and buying his first property
- Investing while serving in the US Military
- How James succeeded without any expensive courses or mentors
- How to find free online college-level real estate education
- Transitioning from Flipping to Buy and Hold
- Finding financing for flipping through a local community bank
- Tips and tricks for finding deals still on the MLS
- How to make a partnership work great
- Tips for finding a free mentor
Links from the Show
- James’ BP Blog Post on Free Education
- BP Podcast 006: Investing While Holding a Full Time Job with Arthur Garcia
- The Ultimate Guide to Tenant Screening
Links for Military Investors
- US Small Business Admin (Veterans Section):
- VA Veterans Business Portal:
- SCORE (offers some free and discounted resources for military):
Books Mentioned in the Show
- Titan: The Life of John D. Rockefeller, Sr. by Ron Chernow
- The Book on Estimating Rehab Costs
Tweetable Topics:
- “What works in one market won’t necessarily work in another market.” (Tweet This!)
- “A partnership will never be 50/50 all the time – and that’s okay.” (Tweet This!)
- “Don’t pick a strategy and build you life around it. Look at your life – and build a strategy that fits your needs.” (Tweet This!)
Connect with James
- James’ BiggerPockets Profile
- James’ Company Website www.kandvinvesting.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
While most investors think of real estate investing as buying an ugly property and making it look good, today we sit down with an investor who runs a highly successful investing business that focuses heavily on investing in new home building, along with wholesaling and flipping as well. Tucker Merrihew, the owner of TTM Development Co in Portland, Oregon, shares a ton of great advice on creating a sustainable and automatic lead funnel, as well as numerous tips on a variety of investing techniques.
Read the transcript for episode 22 with Tucker Merrihew here
In This Show, We Cover
- How a “failed personality test” led to real estate investing
- The early mistakes that caused major problems for Tucker
- Do condos make good investments?
- How to build a marketing machine
- Direct mail “shock marketing“
- Why knocking down houses might make you money
- Tucker’s online marketing strategy
- The financial benefits of spec building
- Tips for finding and working with great contractors
- Finding deals when the MLS is too competitive
Links from the Show
- Every Door Direct Mail
- BP Podcast 010 : Flipping Houses 101 with J Scott
- Tucker’s Lead Generating Website
Books Mentioned In The Show:
- Donald Trump Books
- How to Win Friends and Influence People – Dale Carnegie
Tweetable Topics:
- “There’s motivation in weird places sometimes.” (Click to Tweet)
- “When investing in real estate, you’ve got to have a website.” (Click to Tweet)
- “To be successful in real estate investing, you gotta build momentum.” (Click to Tweet)
Get in Touch with Tucker
- Tucker’s BiggerPockets Profile
- Tucker’s Company Website: www.TTMDevelopmentCompany.com
- Tucker’s Facebook Page: www.Facebook.com/TuckerMerrihew
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
While it’s unlikely that you are going to make a mistake in real estate that will kill you – there is a much higher chance that you’ll make a mistake that’s going to kill your chance of finding success. To help you fight the good fight and avoid those mistakes – you’ll definitely want to listen to today’s episode of the BiggerPockets Podcast with Josh and Brandon. You might be a seasoned investor or you might be just starting out – but the 20 mistakes listed in this podcast are real, common, and deadly if not properly addressed, so be sure to listen to today’s show.
Read the transcript for Show 20 with Josh & Brandon here
In This Show, We Cover:
- The best ways to get free education
- How to overcome analysis paralysis
- Exit strategies you should be using as a backup
- How to establish your marketing machine
- How to best protect yourself from being sued
- The best ways to find great contractors
- The worst way to screen for tenants
- Plus MUCH more…
Links from the Show:
- Google Voice
- The Ultimate Beginner’s Guide
- The Ultimate Beginner’s Podcast
- The 21 Best Books for Real Estate Investors
- Danny Johnson Podcast
- The Keyword Alert System
- The New Member Introduction forum
- Meetup.com
- “What I Did Wrong as a Landlord” post
- J Scott’s Negotiating article
Books Mentioned in the Show
- The E-Myth by Michael Gerber
- If You Give a Mouse a Cookie by Laura Joffe Numeroff
Tweetable Topics
- You’re never going to know everything. (Tweet This!)
- The math never lies. Stick with the math and don’t fudge the numbers. (Tweet This!)
- You wouldn’t drive from Canada to Peru without a map. You need a plan – just knowing it’s south isn’t good enough. (Tweet This!)
- Don’t talk so much. Just listen. (Tweet This!)
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today’s episode of the BiggerPockets Podcast, we are joined by Arizona real estate investor Tracy Royce to discuss all things related to short sales, getting started, and the best ways to run your real estate investing business.
This show has a ton of tips for finding the best way to help sellers who are underwater on their mortgages and still make you a profit as a real estate investor, as well as great strategies for using virtual assistants to lighten your work load and other tips for those who are just getting started.
Read the transcript for episode 19 with Tracy Royce here
In This Show, We Cover:
- How to get paid to learn about real estate
- How to parlay your talents into a job with a real estate investor;
- How to “shift” with a changing market and recognize future trends
- How to use virtual assistants in your real estate business
- Goals: Good, bad, and ugly
- Getting started with no money by using technology and social media
- What a short sale is and the short sale process
- How to find a great short sale agent
- Tips for getting your short sale offers accepted
Books Mentioned in the Show
- The Four Hour Workweek by Tim Ferriss
- Shift by Gary Keller
- Atlas Shrugged by Ayn Rand
- Think and Grow Rich by Napoleon Hill
- E-Myth Revisited by Michael Gerber
- Winning by Jack Welch
Links from the Blog
- Odesk.com
- eLance.com
Tweetable Topics
- “When investing in real estate – you have to start out in the mail room.” (Tweet This!)
- “Don’t expect to get rich tomorrow. You gotta put the work in, you gotta hustle.” (Tweet This!)
- “If you want an easy job, Sell kittens at a pet shop. Real estate investing isn’t easy.”(Tweet This!)
- “If you put more fishing lurers out there, you are more likely to catch things.”(Tweet This!)
Connect with Tracy
- Tracy’s Website www.RoyceofRealEstate.com
- Tracy’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today on the BiggerPockets Podcast we sit down with fix and flipper Danny Johnson to talk about running a successful real estate investing business. Danny has been investing in real estate for the past decade and has hundreds of awesome, actionable tips that he shares with us in today’s show. From real estate marketing through websites and direct mail to tips for wholesalers and ideas for getting started while working a full time job, Danny’s knowledge is going to blow your mind. Whether you are an experienced house flipper, a wholesaler, or a new investor just getting ready to start investing, this show is going to give you a ton of ammunition to use in your business.
In This Show, We Cover:
- Why a mentor isn’t as important for your success as you might think.
- How to hustle while holding a full time job.
- How to use “driving for dollars” to get started.
- The CRAZY first deal that got Danny into real estate.
- Bandit signs… a great marketing plan OR a criminal activity?
- How Danny manages 8-13 flips at a time.
- The “Top Secret” method that Danny uses to find deals.
- Postcards vs. yellow letters : which is better?
- The best criteria for compiling a great direct mail list.
- Tips for creating a lead generating website and online advertising.
Books Mentioned in the Show
- Rich Dad Poor Dad by Robert Kiyosaki
- Mastery by Robert Greene
- Flipping Houses Exposed by Danny Johnson
Links from the Show
- Why Hiring a Mentor Might Not Be the Stupidest Thing You Could Do by Ben Leybovich
- Driving for Dollars Bible: Finding Distressed Properties and Marketing by Chris Feltus
- Driving for Dollars Bible 2: Tracking Down Owners & More Tips! by Chris Feltus
- Danny’s “We Buy Houses website”
- BP Podcast 016: Land Contracts, Creative Selling, and Finding Private Money with Clay Huber
- Hard Money Lender Directory
- Danny’s Blog Post: 9 Reasons Why You Couldn’t Sell Your Wholesale Deal
Tweetable Topics
- You can’t just sit behind a computer and expect to succeed. You gotta get out there and do stuff. (Tweet This!)
- Always negotiate. (Tweet This!)
- When it’s a “real deal” you’ll know it’s a good deal. You don’t have to make it a deal. (Tweet This!)
- Focus on finding really great deals – you don’t need a whole lot of buyers (Tweet This!)
Connect with Danny
- Danny’s BiggerPockets Profile
- Danny’s Blog FlippingJunkie.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Real estate investing is about more than just making money in the here and now – it’s also about setting up your future for a solid retirement with minimal hassle and maximum wealth. However, planning for that time in your life is not always the most easy-to-understand task. To help, we sit down with investment specialist Jeff Brown, a very common face around the BiggerPockets Blog, to discuss some of the best ways to find mentors, what you can do to start preparing for retirement right now, and how to invest in notes using cash or your self directed IRA or 401K. This show is filled with a lot of really actionable, in-depth content so be sure to have your notepad ready – you’re going to need it!
In This Show, We Cover:
- How to find mentors to help train and teach
- Why real estate brokers make the best mentors
- What CCIM is and why you should consider it
- How much do you need to quit your job and go “Full Time?”
- Why $1 million might not be enough for you for retirement
- 3 paths to maximize after-tax income.
- Why “cash flow” might be overrated when beginning
- Why you should STOP investing in your 401K and IRAs – even with a “company match”
- Investing in notes vs. property … why one is better than the other
- How to find good notes to invest in
- 3 Case studies – what should a 25 year old do, a 45 year old do, or a 60 year old do for retirement?
- and more
Books Mentioned in the Show:
- The E-Myth Revisited by Michael Gerber
- The Basic Steps in Real Estate Exchanging by Royce Ringsdorf.
Links from the Show:
- The BiggerPockets FilePlace
- CCIM Training
Tweetable Topics
- “The best mentoring you can get is often at the 19th hole around a plate of fries.” (Tweet This!)
- “Don’t leave money on the table just because you want the pleasure of being able to drive by your investment.” (Tweet This!)
- “When you retire, the one with the most options wins” (Tweet This!)
- “I want to retire yesterday afternoon around 4:30!” (Tweet This!)
Learn More about Jeff
- Jeff’s BiggerPockets Account
- Jeff’s BiggerPockets’ Blog Posts
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Several weeks ago on the BiggerPockets Podcast, we spoke with Leon Yang about using seller financing to buy properties. Today we are going to look at the opposite side of that transaction and discuss ways you can invest in real estate by utilizing seller financing (or “land contracts”) to sell. Our discussion today with real estate investor Clay Huber is chalked full of a lot of great advice for utilizing this strategy, as well as a variety of tips for those who are just getting started or for those who are just looking for another tool to add to their investor toolbox.
Read the transcript for Episode 16 with Clay Huber here
In This Show, We Cover:
- The “accidental flip” that got Clay into Real Estate… and why he changed strategies
- How to use seller financing to invest in real estate,
- When not to use seller financing
- Dealing with the dreaded Due on Sale clause,
- Should you get your real estate license?
- Using a full time job to accelerate your investing
- The members you should have on your team
- How Clay finances his deals
- The four items to include in your Marketing Packet to attract private money
- Overcoming the “Bus” question… what happens if you get hit by a bus!?
- How to get training for pennies on the dollar
Books Mentioned in the Show:
- Inspecting a House (For Pros By Pros) by Rex Cauldwell
Links from the Show:
- BP Podcast 015: From $80k in Credit Card Debt to 100+ Deals with Glenn and Amber Schworm
- Michael Zuber
- How to Raise Private Money Anytime, Anywhere. Even Over Chicken Wings!
- A Great Real Estate Investing Resource that Cost a Penny
Tweetable Topics
- “The best business model is to simply have a sugar-momma!” (Tweet This!)
- “If you buy something for retail value you are at the mercy of the market.” (Tweet This!)
- “Your first step in any venture is to define your goal.” (Tweet This!)
- “Make sure your spouse is 100% on board with your goals.” (Tweet This!)
Learn More about Clay
- HuberPropertyGroup.com
- Clay’s BiggerPockets Account
- Clay’s BiggerPockets’ Blog Posts
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Starting out with nothing is not easy. Luckily – this week on the BiggerPockets Podcast we are talking with husband and wife team Glenn and Amber Schworm, who have successfully done just this and scaled their real estate business to over 100 deals! On today’s show, Glenn and Amber share a ton of great tips and advice about flipping, wholesaling, and marketing for real estate investors – both new and seasoned.
Read the Transcript for episode 15 with Glenn and Amber Schworm
In This Show, We Cover:
- How desperation (and $80,000 in credit card debt) forced Glenn and Amber to succeed
- Using a mail-carrier to find deals for you
- The mistakes made on the first flip that helped them prosper on over 100 other flips
- Working with your spouse as your business partner
- Creating systems and teams to build a bigger business
- Tips for finding private investors to fund your real estate investing
- The toughest thing Glenn and Amber ever have to face in their business
- Tips for making money from wholesaling
- Marketing for motivated sellers
Books Mentioned in the Show:
- The BiggerPockets Book on Flipping Houses
- Seven Habits of Highly Effective People by Steven Covey
- Think and Grow Rich by N. Hill
- The Four Agreements: A Practical Guide to Personal Freedom by Don Miguel Ruiz
Links from the Show:
- BiggerPockets’ Facebook Page
- BP Podcast 010 : Flipping Houses 101 with J Scott
- Do You Have the Mindset to be on Shark Tank?
- Deals that Keep you Moving Forward….$20K into $85K in 5 days!
- BP Podcast 012 : Wholesaling and Marketing with Sharon Vornholt
Tweetable Topics
- Don’t be afraid to ask. (Click to Tweet!)
- You can read the books and go to the seminars, but in the end – it’s a people business.(Click to Tweet!)
- Behavior that is rewarded is usually repeated. (Click to Tweet!)
- Invest in your people… they are your future. (Click to Tweet!)
- Action equal results. Massive action equals massive results.(Click to Tweet!)
Learn More about Glenn and Amber
- SignatureHomeBuyers.com
- Glenn’s BiggerPockets Account
- Glenn’s BiggerPockets’ Blog Posts
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Creativity and real estate go together like peanut butter and jelly – but for many investors, learning how to get creative can be tough. So today, on the 14th episode of the BiggerPockets Podcast, we sit down with real estate investor Ben Leybovich to discuss buying property with 100% financing, the importance of cash flow (and how to get it,) overcoming obstacles that inevitable will rise, plus a whole lot more. Ben’s inspirational story, involving his battle with multiple sclerosis, will teach you the importance of creating passive income through real estate because you never know what the future will hold. Learn how Ben turned this tragic, life-changing news into motivation to create a successful real estate investing business. You’ll definitely want to take notes during this one!
In This Show, We Cover:
- The shocking medical event that completely changed Ben’s life
- The three kinds of income … and which you need
- How Ben chose his real estate investing strategy
- The message about “flipping” that seems to escape most
- How to get started with no money at all
- Ben’s top tips for landlords
- A reasonable benchmark for cashflow… how much per unit per month.
- Why 100% of the purchase price isn’t 100% of the leverage/equity.
Links from the Show
- Considering a House Flip With 15k Profit? Don’t Do It
- “It’s Not My Fault They Keep Trashing My Unit” – Actually It Is…
- The BiggerPockets Forums
- The National MS Society – Donate
- Multiple Sclerosis Association of America – Donate
Books Mentioned in the Show:
- How I Turned $1,000 into Five Million in Real Estate in My Spare Time by William Nickerson
- ABC’s of Real Estate Investing by Ken McElroy’s
Tweetable Topics
- Successful people march toward the blazing guns. (Tweet This!)
- Find fertile ground where the stampede hasn’t occurred yet. (Tweet This!)
- I’m in real estate for one reason and one reason only: stable passive income. (Tweet This!)
- Get good at solving people’s problems – you’ll do well in life.(Tweet This!)
- Successful people refuse to fail. (Tweet This!)
- To achieve extraordinary results we have to take extraordinary actions. (Tweet This!)
Learn More about Ben
- Ben’s Blog – JustAskBenWhy.com
- Ben’s BiggerPockets Profile
- Ben’s LinkedIn Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Traditional cash flow investing and bank loans are the most common methods used for buy-and-hold investors, but it’s not the only way.
Today’s episode of the BiggerPockets Podcast looks at some alternative methods of real estate investing that we haven’t covered in great detail yet on the show, but may help you pick up new skills and ideas for your investing plan. On today’s show, we sit down with Leon Yang, a young investor from the Las Vegas area who fills us in on his strategy to buy homes using seller financing. We also learn how he closely watches the real estate market to ride the “speculation wave” to build wealth through appreciation and time.
A BiggerPockets Podcast Milestone!
Before we get to the show – we want to give a big thanks to everyone who has left us a review in iTunes– we are up to 175 five-star reviews and counting! Also – we have reached 100,000 downloads of the podcast since we started – which is really, really incredible! Thanks so much to everyone who has helped us reach this milestone and supported BiggerPockets on this journey!
Read the transcript for episode 13 with Leon Yang here
In This Show, We Cover:
- How to get started when living in a city with high prices
- Why Leon chose Las Vegas to invest in
- How to use seller financing to fund your purchases
- Leon’s primary source for finding seller financing.
- How to approach sellers and negotiate the best deal.
- Two things more important than “selling price” in a deal.
- Speculating in real estate: is it ever okay?
- Leon’s view on the future of inflation in the US.
- The first step for new investors.
- Why now is the best time to invest in real estate.
Links from the Show
- How to Buy a Small MultiFamily Property: A Step by Step Case Study
- Using BiggerPockets to Grow Your Business – Free eBook
- What is Your Real Estate Lifestyle? (Post by Leon Yang)
- BP Podcast 006: Investing While Holding a Full Time Job with Arthur Garcia
- How to Invest in Real Estate when Everything is Too Expensive
- The BiggerPockets Blog
- The BiggerPockets Forums
Books Mentioned in the Show:
- Rich Dad Poor Dad by Robert Kiyosaki
- The Total Money Makeover by Dave Ramsey
- The Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets
- Investment Biker: Around the World with Jim Rogers
Tweetable Topics
- “Seller financing is about relationships and trust. Build that before negotiating.” (Tweet This!)
- “Inflation is a borrower’s friend.” (Tweet This!)
- “To be successful, you have to get a good financial education.” (Tweet This!)
- “Strike a good balance between real estate and the rest of your life.” (Tweet This!)
- “It’s the experiences in life that make life interesting, not how much money you have.” (Tweet This!)
Learn More about Leon
- Leon’s Blog: HardWorkingPenguin.com
- Leon’s Facebook
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Wholesaling real estate is a popular topic on BiggerPockets and often one of the first strategies used by newbies to build cash reserves. However, wholesaling is a business that requires certain systems, strategies time, and sometimes even cash to prosper at. In today’s episode of the BiggerPockets Podcast, we talk with expert wholesaler and marketing whiz Sharon Vornholt about some of those strategies and techniques that she uses to make an income as a full time wholesaler.
Read the transcript for Episode 12 with Sharon Vornholt here
In Today’s Wholesaling Podcast, We Cover:
- An easy, cheap (free!) way to find more cash buyers than you can handle.
- The first step for wholesalers
- Sharon’s primary source of leads for motivated sellers
- The step-by-step process for making money as a wholesaler
- Double-closings vs. an assignment: Which is best?
- How Sharon closes deals with no money whatsoever
- Typical response rates from direct mail campaigns
- Why “pain” is a great thing to discover…
- Awesome strategies for negotiating with sellers
- The mistake Sharon made when starting out… and how you can avoid it.
- What the key to success really is.
Links From the Wholesaling Show:
- Wholesaling Articles on the BiggerPockets Blog:
- What Is A Double Closing? A Real Estate Wholesaling How To
- Exit Strategies For Wholesalers. What Is A Double Closing?
- How to Start Wholesaling: Getting Past The Education and Into the Field
- Don’t Start Wholesaling Until You Read This: Wholesale Advice from a Fix and Flipper
- 9 Reasons You Couldn’t Find A Buyer For Your Wholesale Deal
- BiggerPockets Podcast 11: Flipping Houses 101 with J Scott
- ListSource.com – (Motivated Sell Lists for Direct Mail Campaigns)
Books Mentioned in the Show
- Rich Dad Poor Dad by Robert Kiyosaki
- Success Principles by Jack Canfield
Tweetable Topics:
- “Wholesaling is about relationships.” (Click to Tweet!)
- “When negotiating, learn to adjust the other person’s expectations” (Click to Tweet!)
- “Learning how to buy property for the right price is the difference between success and failure.” (Click to Tweet!)
- “It’s all about marketing. You have to have leads in order to get deals.” (Click to Tweet!)
- “Anyone who claims to know everything about anything is full of crap.” (Click to Tweet!)
Thank You!
Thank you again to everyone who has subscribed in iTunes to help make us one of the top business podcasts in all of iTunes! We’re up to 166 5-Star Reviews so far with over 89,000 downloads! Every subscription in iTunes and every review helps us reach more people – so thank you!
About Sharon
Sharon Vornholt is a professional real estate wholesaler who began investing in real estate in the Louisville, KY area in 1998. While she has done both rehabbing and buy and hold investing, her primary area of focus now is wholesaling. Sharon is a regular contributor on the BiggerPockets blog and an avid blogger on her own site, LouisvilleGalsRealEstateBlog.com.
- Sharon’s BiggerPockets Profile
- Sharon’s BiggerPockets Blog Articles
- Sharon’s Facebook Page
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Getting started with real estate investing can seem overwhelming, but on today’s episode of The BiggerPockets Podcast, we are going to walk you through the entire broad overview of how people actually make money in the real estate investing field – and how you can do the same. In this unique episode, Josh and Brandon will walk you through the steps to take before getting started, choosing your strategy, ideas for finding properties, tips for getting financing in order and much, much more. Grab a pen and paper and get ready to take notes – this episode is jam packed with over an hour of directly actionable and educational information.
Read the transcript of Episode 11 with Josh and Brandon here.
In Today’s Flipping Podcast, We Cover:
- The first “personal” decision you need to make before investing.
- Working full-time vs. part time in real estate investing.
- Josh Dorkin’s real thoughts on “gurus.”
- Investing when you are broke.
- Six steps to overcoming analysis paralysis
- Ten unique niches and three solid strategies you can invest in real estate with.
- Brandon’s favorite “team member” that helped cut 90% of his work out
- To partner or not to partner? Pros and Cons
- 13 ways to finance your real estate investments
Links from the Show
- Ultimate Beginner’s Guide to Real Estate Investing
- BP Podcast 006: Investing While Holding a Full Time Job with Arthur Garcia
- The BiggerPockets Blog
- The BiggerPockets Forums
- BP 004: Commercial Real Estate Investing With Frank Gallinelli
- BP 009: Using Hard Money Lenders to Grow Your Business with Ann Bellamy
- Lease Options (Aka Lease Purchase AKA Rent-to-Own Homes)
Books Mentioned in the Show
- Getting Things Done by David Allen
- The Book on Flipping Houses by J Scott
- The Book on Estimating Rehab Costs by J Scott
- Rich Dad Poor Dad by Robert Kiyosaki
- Four Hour Workweek by Tim Ferriss
Tweetable Topics:
- “You don’t need to make real estate your career in order to build wealth in real estate.” (Tweet This!)
- “There has to be money involved when investing in real estate… but it doesn’t need to be yours.” (Tweet This!)
- “Real estate takes time, planning, and patience.” (Tweet This!)
- “People like to fall down… and people like to sue. Get good insurance.” (Tweet This!)
- “You’re not a complete puzzle – there are pieces you are missing. Find those pieces.” (Tweet This!)
- “A friendship founded on business is a good deal better than a business founded on friendship.” -John D. Rockefeller (Tweet This!)
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
House flipping is one of the most popular methods of investing in real estate. However, it’s sometimes difficult to know exactly how to get started, as there are thousands of blog posts, articles, forum posts, and more about the topic. In today’s Podcast, we talk with one of the best in the business, J Scott, about how he got started flipping houses and how you can follow the same strategies to build your own real estate investing business.
Read the transcript of Episode 10 with J. Scott here.
In Today’s Flipping Podcast, We Cover:
- How a TV show got J started with flipping
- How J made every mistake possible on his first flip…but still made money
- Tips For Working with a wholesaler and tips for wholesalers to work with flippers
- Multiple exit strategies for flippers
- What the “sweet spot” is in terms of profit
- The “flip formula” and how to use it to estimate your profit.
- How to determine the “after repair value” of your property.
- Why you should get your real estate license.
- Why having a construction background might not be great when flipping.
- How J’s got his days-on-market down to a 17 day average.
- Tips for finding a great project manager.
- How to find private lenders to fund your deals.
- Automating you flipping business to flip while holding a full time job
Links From the Flipping 101 Show:
- J’s Blog: 123Flip.com
- The New Member Introduction Forum
- How to Subscribe to a Forum Category [Video]
- BiggerPockets Forums
- BP Podcast 001: Building a Successful House Flipping Business and Losing Millions with Marty Boardman
- Ultimate Beginner’s Guide to Real Estate Investing
- The Book on Flipping Houses and The Book on Estimating Rehab Costs
- Michael Quarles and K Marie Poe
Books Mentioned in the Show
- The Complete Guide to Real Estate Finance for Investors by Steve Burges
- The Four Hour Workweek by Tim Ferriss
Tweetable Topics:
- “You gotta be conservative in your numbers, so your ‘beginner mistakes’ will be covered.” (Tweet This!)
- “Always have 2, 3, or 4 exit strategies as a backup on your house flips.”(Tweet This!)
- “What you did yesterday may not work tomorrow – you need to be flexible in your business.” (Tweet This!)
- “Pricing a property right is key.” (Tweet This!)
- “You don’t raise money if you don’t ask. It’s not rocket science – it’s just hard work.” (Tweet This!)
- “It takes work and a lot of up-front preparation – but business automation is possible.” (Tweet This!)
- “Putting together a plan on paper will help you figure out where your gaps in knowledge are.” (Tweet This!)
- “Real estate investing education shouldn’t cost as much as a college education.” (Tweet This!)
- “Those who do best in this industry are those who work ON their business, not IN their business.” (Tweet This!)
About J
J Scott runs Lish Properties LLC, a real estate investment company in the west suburbs of Atlanta, GA that specializes in purchasing, rehabbing and reselling REO properties. Along with his wife, J purchases and renovates about 15-20 houses per year. In addition, they consult to other investors, manage rehabs for other investors, and stage/list/market properties for the investors they work with.
- J’s BiggerPockets Profile
- J’s Facebook Page
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Hard Money Lending is a fundamental tool for many real estate investors, but is often misunderstood and difficult to find. So today on the BiggerPockets Podcast, we sit down with hard money lender Ann Bellamy to discuss how to find and successfully use hard money to build and grow your real estate investing business. This show has an immense amount of solid, actionable content that you can use immediately, so definitely take the time to listen!
Before we get to the show, thank you again to everyone who has subscribed in iTunes to help make us one of the top business podcasts in all of iTunes! We’re up to 129 5-Star Reviews so far! Every subscription in iTunes and every review helps us reach more people – so thank you!
In Today’s Hard Money Podcast, We Cover:
- What hard money is, when to use it, and when NOT to use it.
- Why Rehab properties in rural areas is a bad idea…
- Exit strategies and the new Real Estate Mini Bubble.
- Typical hard money rates and fees – and how you can lower them.
- Ann’s (and Brandon’s) first mistakes with Hard Money.
- The best place to find Hard Money Lenders (hint: try here)
- How to get your hard money loan proposals accepted every time.
- Which comes first: finding the hard money lender or the deal?
- Starting a local ethical real estate club to build your brand.
- How to become a Hard Money Lender.
- And much, much more!
Links From the Hard Money Show:
- The Ultimate Beginner’s Guide to Real Estate Investing
- BiggerPockets Forum Keyword Alerts
- The BiggerPockets Hard Money Directory
- Ann’s Company Website: BuyNowHardMoney.com
- Ann’s Real Estate Club: Black Diamond Real Estate Investors
Books Mentioned in the Show
- Real Estate Investments and How to Make Them my Milt Tanzer
- The Four Hour Workweek by Tim Ferriss
Tweetable Topics:
- “The first and most important exit strategy is having one.” (Tweet This!)
- “Hard money is not a mafia guy with a baseball bat – it’s a tool for growing your business.” (Tweet This!)
- “If hard money makes a deal unprofitable – you shouldn’t be doing the deal.” (Tweet This!)
- “Don’t misrepresent yourself. It’s okay to be new at something… just say so!” (Tweet This!)
- “In this day and age – you need to be able to communicate electronically.” (Tweet This!)
- “Both persistence and the ability to adapt are required for success.” (Tweet This)
About Ann
Ann Bellamy is a real estate investor and Hard Money Lender in Southern New Hampshire, and has been involved in the leadership of several real estate investing groups in Massachusetts and New Hampshire. She provides short term and construction funding, or hard money loans, to real estate investors in these states and networks extensively in MA and NH with investors of all types.
- Ann’s BiggerPockets Profile
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Being a Landlord can often be challenging, expensive, and stressful. So, today on the BiggerPockets Podcast we are speaking with Al Williamson, an active BiggerPockets member and inner-city landlord who has decades of experience dealing with tenants in both multifamily and single family rentals. Al is a pro at reducing expenses, increasing income, and dealing with difficult landlording situations – which is why we wanted to sit down with Al today.
Before we get to the show, thank you again to everyone who has subscribed in iTunes to help make us one of the top business podcasts in all of iTunes! We’re up to 117 5-Star Reviews so far! Every subscription in iTunes and every review helps us reach more people – so thank you!
Read the transcript of episode 08 with Al Williamson here.
In Today’s Podcast, We Cover:
- How Al used a 1031-Exchange to “Trade-Up” to a larger property.
- Tips for living in a small multifamily and living with tenants.
- How to avoid being a slumlord in rough areas.
- Why simply picking up trash can transform your investing.
- The power of “Patient Equity.”
- Al’s goal of Not being dependent on the tenants’ rent to pay the bills.
- Ideas for both increasing income and cutting expenses.
- Al’s plan to revolutionize income for multifamily properties.
- How Al used a very small syndication to buy a rental property
- The biggest challenges for an up-and-coming landlord.
- What the “Landlord Lid” is – and how to overcome it.
- How to Invest in Real Estate when you have a full time job AND a busy family life at home
Links From the Show:
- [Video] How I Quickly Analyze an Investment Property
- The BiggerPockets Blog
- The BiggerPockets Forum
- Al’s BiggerPockets Member Blog
- 1031-Exchange Resources
- KickStarter.com
- BP Podcast Show 3 with Brian Burke
- The National Night Out
- Insanity
- P90X
Books Mentioned in the Show
- Rich Dad Poor Dad
- The 36 Hour Real Estate Investing Course
- John Maxwell
- Al’s Book The Catalytic Landlord – on Kindle
- Serious Creativity by Edward De Bono
Tweetable Topics:
- “Landlord tip for improving the neighborhood: Go and meet the neighbors!” (Tweet This!)
- “Often times things go unresolved because no one is operating as a leader. Are you?” (Tweet This!)
- “Spend time getting really good with your first investment before branching out.” (Tweet This!)
- “Sometimes you have to pay your ‘learning tuition’ and lose money when you take risks.” (Tweet This!)
- “Your real estate investment should be a physical representation of you.” (Tweet This!)
- “Why are you building wealth? The most successful leaders KNOW this answer.” (Tweet This!)
About Al
AL Williamson is Civil Engineer and landlord from the Sacramento, California area. Al has invested in real estate since 1996, focusing mostly on multifamily properties in urban areas.
- Al’s BiggerPockets Profile
- Al’s G+ and Facebook
- Al’s Blog: LeadingLandlord.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today on the BiggerPockets Podcast we sit down with Ryan Lundquist, a professional real estate appraiser in the Sacramento area. An appraiser is one of the most important professionals that you, as an investor, are likely to deal with over and over in your business. Furthermore, knowing how to deal with an appraisal, especially when it comes in too low, is a skill that can help any investor.
Keeping with the “actionable content” approach that BiggerPockets is known for, this podcast will help you improve your investing by pulling back the curtain on the appraisal industry through our discussion with Ryan.
Thank you to everyone who has subscribed in iTunes to help make us one of the top business podcasts in all of iTunes! Every subscription and every review helps us reach more people – so thank you!
In Today’s Podcast, We Cover:
- How you can determine what a property is worth.
- When you should, and shouldn’t, use Zillow or other AVMs.
- How to challenge a bad appraisal.
- What to do when sales prices are higher than the appraiser will go.
- Dealing with the Hedge Funds in the market.
- Tips for getting your appraisal amounts higher by bringing your own comps.
- Dealing with FHA loans in your investments … and the dreaded FHA Appraisals.
- The most common property condition problems an appraiser is going to ping you on.
- How to deal with lead based paint in your investments.
Links From the Show:
- Ryan’s Recent BiggerPockets Blog post: How to Challenge a Low Appraisal
- BP Podcast 004: Commercial Real Estate Investing With Frank Gallinelli
- How Legos Can Help us Understand Real Estate
- What Legos Can Teach us About Real Estate Part II
- Appraisal Woes – BiggerPockets Forum Discussion
- The BiggerPockets FHA Home Inspection Checklist
- FHA Lead In Your Home: A Parents Reference Guide
Tweetable Topics:
- “The first step in discovering your property value is defining your location.” (Tweet This!)
- “Why not be proactive instead of reactive?” (Tweet This!)
- “In business, go in as a bridge builder, not a name caller.” (Tweet This!)
- “Investors: Get to know an appraiser – take them out to lunch, build that relationship.” (Tweet This!)
- “Understand your market at the same level that your appraiser does.” (Tweet This!)
About Ryan
Ryan Lundquist is a certified residential real estate appraiser based in Sacramento, CA. He provides appraisals and valuation consulting for a variety of clients including CPAs, attorneys, investors, home owners and lenders. Ryan is an avid blogger, bike rider, optimistic doer and family man with two sons.
- Ryan’s BiggerPockets Profile
- Ryan’s Company Website: SacramentoAppraisalBlog.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Investing in real estate while holding a full time job may not always get the most discussion in the real estate investing world – but there are thousands (if not millions) of investors who do just that. On today’s episode of the BiggerPockets Podcast, we sit down with Arthur Garcia, a busy part-time investor who has massed an impressive collection of rental properties while holding a full time job. This show is filled with a ton of really great tips to help any investor – large or small – be more efficient with their investing time. In addition – this was probably the most humorous show to date!
Before we jump into it – we want to once again thank everyone for subscribing to our show in iTunes and leaving us a review. We are up to 99 Five Star reviews and over 25,000 downloads! Thank you to everyone!
Read the transcript of Episode 6 with Arthur Garcia here.
In Today’s Podcast, We Cover:
- How to invest when prices are too high in your area.
- How to get started with “buy and hold” investing when you don’t have much money or time.
- How to use use “cost to rebuild” to predict the future of your market.
- Why Arthur and his wife sold their primary residence to live in an apartment while buying rental property.
- The “super creative way” to find flexible lenders.
- How to find “Portfolio loans.”
- A great way to legally get around the “10 loan” limit for mortgages.
- Why investing while holding a job gives you an advantage.
- Tips for finding a great property manager.
- The story of a topless 90 year old woman that finally convinced Arthur to hire a property manager.
Tweetable Topics:
- “You can’t save your way to serious wealth in retirement.” Tweet This Quote!
- “That first rental check fueled my addiction for real estate investing.” Tweet This Quote
- “Do everything you can to take advantage of the downturn in the market” Tweet This Quote!
- “You gotta draw a line in the sand and place your bet on where you think the market is going to go.” Tweet This Quote!
- “To invest in real estate while holding a full time job – you need to find ways to build systems.” Tweet This Quote
- “What makes the top performers stand out? The Art of the Side Hustle” Tweet This Quote!
Links from the Show:
- BiggerPockets Summit – Conference 2012
- Steve Landis
- Michael Zuber
- P90X
- Insanity
Books Mentioned in the Show:
- The BiggerPockets Ultimate Beginner’s Guide to Real Estate Investing
- The E-Myth by Michael Gerber
- Rich Dad Poor Dad by Robert Kiyosaki
- How I Turned $1,000 into Three Million in Real Estate in My Spare Time – by William T Nickerson
- How to Win at the Sport of Business by Mark Cuban
About Arthur Garcia
Arthur Garcia is a buy and hold investor in Southern California who is buying up dozens of homes while working a full time job. Arthur acquires properties using a combination of hard money, HELOCs, partnerships and private investors. You can find out more about Arthur at:
- Arthur’s BiggerPockets Profile
- Arthur’s Blog – The Buy and Hold Guys.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Planning for death is not a topic a lot of people want to talk about. However, the discussion shouldn’t be avoided because it’s important that we prepare for the sake of our spouses, our children, our relatives, and our close friends. Today on the BiggerPockets Podcast we are talking with Neal Frankle, a Certified Financial Planner with unique insight into the financial side of death.
This fascinating discussion will help you look at your death (and near-death) in a different way and give you the tools you need to move forward with the planning of your finances. This interview, like all of our BiggerPockets Podcasts, is full of real-world, actionable content without all the hype.
As of today, we are up to 85 Five Star Reviews for the show! If you haven’t yet left us a review and want to help us build our audience, please click here to leave a review in your iTunes player. It also helps us out when you “subscribe” to the podcast in either your iTunes player or on your iPhone.
Read the transcript of Episode 5 with Neal Frankle here.
In This Week’s Podcast We’ll Explore:
- How Neal lost both parents before 18 years old and how that experience helped make him smarter financially.
- A unique technique for helping your spouse carry on your business after you die.
- How to plan for the sale of your business or your properties after you bite the dust.
- The benefit of real estate over retail businesses for succession planning.
- Why a trust is a terrific tool for every real estate investor.
- What a “Probate” is and how to avoid it with your future estate.
- Why you DON’T want a typical “Will” – and the one type of will you do need.
- The true purpose of life insurance… and which one is “evil.”
- How much insurance you really need.
- The best advice for investors looking to take control of their financial future.
Links from the Show
- Neal’s Website: WealthPilgrim.com
- Neal’s BiggerPockets Profile
- Probate – A Primer on Probate
Tweetable Topics
- “When it comes to your personal finances — put your big boy pants on, grow up, and do what’s required.” Tweet This!
- “Most people don’t “get” that one day – they are going to be gone.” Tweet This!
- “If you can make your business run without you, it becomes becomes all the more powerful and profitable.” Tweet This!
- “Everyone dies prematurely.” Tweet This!
- “The two types of life insurance: good and evil.” Tweet This!
- “Always have a mentor or accountability partner to bounce ideas off of.” Tweet This!
- “There is no such thing as impossible – just ‘I don’t wanna do it.'” Tweet This!
Books Mentioned in the Podcast
- Money Academy for Couples by Neal Frankle
- The Total Money Makeover by Dave Ramsey
- E-Myth by Michael Gerber
About Neal
Neal Frankle is a Certified Financial Planner in Los Angeles with over 25 years experience. Neal teaches others how to plan for their financial future at WealthPilgrim.com.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Commercial real estate is a powerful way to build and sustain wealth – yet is often feared or misunderstood by real estate investors. Luckily, on today’s podcast, we are excited to have a man who’s professional life is dedicated to teaching investors the ins and outs of commercial real estate investing, Frank Gallinelli. Frank is a best selling author, business owner, and real estate professor who definitely knows his stuff.
This interview contains some powerful key metrics, data, and tools you’ll need if you ever plan on investing in anything more than a single family home. This interview, like all of our BiggerPockets Podcasts, is full of real-world, actionable content without all the hype.
In This Week’s Podcast We’ll Explore:
- Why investors shouldn’t necessarily start with residential.
- When “Location, Location, Location” isn’t the most important.
- How to use “cap rates” with commercial properties.
- What a Triple Net Lease is and why it matters.
- How to use partners to finance investment properties.
- Lowering your tax assessment by challenging an assessor.
- Why chasing the “hot market” isn’t the way to build wealth.
- Why every commercial property is for sale
Links from the Show
- RealData.com
- Frank’s LinkedIn Account
- Frank’s BiggerPockets Profile
- RealData.com BiggerPockets Company Profile
- BiggerPockets Summit
Definitions:
- Equity Partner
- Cap Rate
- Net Operating Income
- Triple Net Lease
Tweetable Topics
- “When choosing your real estate path, there’s not a “right” answer – but a “best answer” for each person” Tweet This!
- “You don’t buy an income property cause it’s pretty; you buy it because it makes money.” Tweet This!
- “There are no absolutes in anything – especially real estate.” Tweet This!
- “As a real estate investor, become an expert in your local area.” Tweet This!
- “Know the vocabulary of your business.” Tweet This!
- “There is no substitute for Due Diligence.” Tweet This!
Books Mentioned in the Podcast
- The Big Short: Inside the Doomsday Machine by Michael Lewis
- Mastering Real Estate Investment: Examples, Metrics And Case Studies by Frank Gallinelli
- What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli
- Insider Secrets to Financing Your Real Estate Investments: What Every Real Estate Investor Needs to Know About Finding and Financing Your Next Deal by Frank Gallinelli
- 10 Commandments for Real Estate Investors by Frank Gallinelli – Download It Free!
About Frank
Frank Gallinelli is a best selling author and the President of RealData Inc, a software firm serving real estate investors and developers since 1982. Frank’s company is designed to help income-property investors analyze investment properties, structure partnerships, and produce presentations to buyers, sellers, lenders and equity partners.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In today’s show we talk with Brian Burke, a house flipper and real estate investor from Northern California with a fantastic story and fascinating business model.
Two days ago, Brian wrote a wildly popular article on the BiggerPockets Blog titled, “Anatomy of the Grand Slam: How I Made $800,000 on One Flip” where he talked about flipping a large apartment complex using a combination of hard money and private capital he raised. In today’s Podcast, we’re going to look more in-depth at how Brian got started, the strategies he uses to flip over 100 houses per year, and how you can use the same techniques that he does to raise money for your next real estate deal.
Last week, the BiggerPockets Podcast reached #6 on the Top Business Podcasts in all of iTunes. This is an enormous honor and we want to just take a minute to thank everyone who has taken time to listen on iTunes or leave a review. As of today, we are up to 49 Five Star Reviews. If you haven’t yet left us a review and want to help us out, please click here to leave a review in your iTunes player.
Read the transcript for Episode 3 with Brian Burke here.
In This Week’s Podcast We’ll Explore:
- How Brian started with no money, no experience, and without rich friends
- How losing money on early deals helped grow Brian’s business
- Investing in real estate when you look 15 years old.
- Why dealing with sellers is Brian’s least favorite strategy for real estate investing
- Brian, Brandon, and Josh’s differing opinions on using credit cards to finance real estate
- Why raising private capital is one of the most important jobs for an investor
- Three tips for raising private capital
- Why Richard Branson gets in a hot air balloon and sails around the world.
- How Brian funds dozens of real estate flips per month
- Using property managers to get you inside information
- The one piece of advice new investors can’t survive without.
- Using partners to invest in real estate
Links from the Show
- Reg D Offering
- I.R.R. (Internal Rate of Return)
- The Anatomy of the Grand Slam Flip
- The BiggerPockets Radio Podcast 001 – Building a Successful House Flipping Business and Losing Millions with Marty Boardman
- BiggerPockets Facebook Page
Tweetable Topics
- “If you don’t screw up – you don’t learn.”(Tweet This!)
- “They won’t say yes if you don’t ask.”(Tweet This!)
- “Sometimes failure is your biggest boost.”(Tweet This!)
- “Whether it’s Harvard, Yale, or on the streets of real estate school – every lesson costs you money.”(Tweet This!)
- “Sell yourself… the more track records your build, the easier you can raise capital.”(Tweet This!)
- “If you want to change your situation, change your vocabulary.”(Tweet This!)
- “A lot of this business is sounding like you’re smart – but you’ve gotta back it up.”(Tweet This!)
- “If you don’t love your work – you’ll never make it to the next level.”(Tweet This!)
Books Mentioned in the Podcast
- Rich Dad Poor Dad
- Real Leaders Don’t Do PowerPoint
- David Lindahl Books
- Art of the Deal – Donald Trump
- Art of the Comeback – Donald Trump
- Think and Grow Rich – Napoleon Hill
About Brian
Brian Burke is co-founder and Managing Director of Praxis Capital, LLC, a real estate private equity investment firm created to provide high rates of return to his investors while tactically managing risk. He has been a real estate entrepreneur since 1989, and has purchased over 500 properties valued at over $150 million, primarily from foreclosure.
- Brian’s BiggerPockets Profile
- Brian’s Company Website: Praxcap.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today we’ve got another great new BiggerPockets Podcast interview to bring to you, packed full of actionable tidbits and great conversation. Each week, we will be bringing you incredible real estate investing tips, training, and interviews with actual investors who are in the field, and who are making it happen. You can listen to the show online (below), download it later, listen on your smartphone, or via iTunes — all for free.
On today’s show we talked with Karen Rittenhouse from KarensPerspective.com – an active real estate investor, author, trainer, and all-around great gal. Karen’s started investing in 2005 and has acquired well over 150 properties during her investing career. On this podcast, she shares with us exactly how she did it, and how you can use the same strategies to begin (or improve) your investing career.
Read the transcript for Episode 2 with Karen Rittenhouse here.
In This Week’s Podcast, We’ll Explore
- Why rentals are just like little oil wells – and how to get started owning them.
- How Karen bought over 150 properties, most without ever getting a mortgage.
- Dealing with sexism in the real estate field.
- Using the “subject-to” strategy to invest with no (or low) money down.
- How Karen made $9200 when purchasing her first project – with no money down.
- The two most important steps to avoid making mistakes.
- Karen’s technique to find motivated sellers and how to get deals from non-motivated sellers.
- Why Karen is changing her strategy to adapt for the future… should you?
- The most important first step for new investors.
- Karen’s fear when beginning – and the phone call that made her think she was going to jail.
Links from the Show:
- Karen’s Profile on BiggerPockets
- www.KarensPerspective.com
- Karen’s Favorite Direct Mail Company: PostcardMania
Books Mentioned in the Podcast
- “Essential Handbook for Buying a Home” by Karen
- “Essential Handbook for Selling a Home” by Karen
- “Essential Handbook for Landlords” by Karen
- “The E-Myth” by Michael E. Gerber
- “Secrets of the Millionaire Mind” by T. Harv Eker
Tweetable Topics:
- “I don’t mind there’s a 1% in this country – I just want to get there” Click to Tweet!
- “Real estate investing works no matter where we are or what we’re doing. The checks still come in.” Click to Tweet
- “Rental properties are like “little oil wells” – no matter where I am – they keep pumping.” Click to Tweet
- “When talking with motivated sellers – don’t go in to close a deal. Go in to solve problems.” Click to Tweet
- “Without a good plan – it’s easy to quickly jump to the next shiny object.” Click to Tweet
- “You’re not going to get rich quick. It takes time – but the rewards you’ll reap long term are huge.” Click to Tweet
- “You never forget your first… (real estate deal!)” Click to Tweet
- “When it comes to marketing – everything works – just do something.” Click to Tweet
- “You’ve got to think bigger than a 40 hour work employee” Click to Tweet
- “We’re in the business of helping people – and we get paid for it. It doesn’t get better than that.” Click to Tweet
- “There’s never been a better time to be in real estate” Click to Tweet
Karen Rittenhouse, along with her husband Jim have 11 employees, a real estate investing business, a full service real estate agency, a property management company, a coaching and training business, a lending company, and Karen has written 3 books on real estate.
- Connect on Twitter: @KSPerspective
- KarensPerspective.com
- Karen’s Profile on BiggerPockets
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Today we’re excited to announce the launch of the brand new BiggerPockets Radio Podcast. Each week, we will be bringing you incredible real estate investing tips, training, and interviews with actual investors who are in the field, making it happen. You can listen online (below), download it to listen later, on your smartphone, or via iTunes: all for free.
Last week, Marty Boardman wrote a killer post for the BiggerPockets blog called “How to Lose a Million Dollars in Real Estate: A Step by Step Guide” which was an instant hit among BiggerPockets readers. We knew that Marty would make a great first guest on the new show.
Read the transcript of Episode 1 with Marty Boardman here.
In This Week’s Podcast, We’ll Explore
- How Marty Lost over $8,000,000 in the Real Estate Crash
- The Best Advice Marty Ever Received about Real Estate Investing
- How to Find Local Mentors to Teach, Train, and Bring You Under Their Wings
- How to Quit Your Job and Become a Full Time Real Estate Investor
- Using The Four Flipping Boxes to Flip Houses
- How to Raise Private Money for Your Real Estate Investing Deals
- Why Wholesalers Do Not Need a Buyer’s List – and What They Do Need
- The Four “Must Haves” in a Real Estate Partnership
- How Marty Got a Book Deal for a new House Flipping Book
- Marty’s Favorite Real Estate Investing Book
Links from the Show:
- Marty’s BiggerPockets’ Profile
- FlippingPhoenixHouses.com
- 2012 BiggerPockets Summit Conference Audio – 25 Hours of Training – $125.00
- How to Lose A Million Dollars in Real Estate: A Step by Step Guide
- BiggerPockets Forums
- Marty’s Partner J Scott’s BiggerPockets Profile
- Marty’s Partner Manny Romero’s BiggerPockets Profile
Books Mentioned in the Podcast
- Fixing and Flipping Real Estate: Strategies for the Post-Boom Era
- Rich Dad Poor Dad
- Rich Dad’s Cashflow Quadrant
- The E-Myth Revisited
- The Intelligent Investor – by Benjamin Graham
- The Snowball: Warrent Buffet and the Business of Life
Tweetable Topics:
- Quit wasting time and money having gurus teach you real estate investing. Find someone local, add value to them, and learn. Tweet This
- I’ll work with anyone – but they gotta do 1 of 2 things: bring me money, or bring me deals.Tweet This
- Investing in real estate is hard work – but it’s rewarding. Tweet This
- Think about your financial goals – and then work backward to figure out what to do now. Tweet This
- Creating a brand for yourself is vitally important for a fix-and-flip investor.Tweet This
- You have to have a good track record to raise capital. Tweet This
- Find a good deal – and the money will come. Tweet This
Marty is the Chief Financial Officer for Rising Sun Capital Group, LLC, a real estate investment firm based in Gilbert, AZ. His firm purchases homes at the courthouse steps and public REO auctions. They have two exit strategies, either fix and flip or seller financing. Connect with Marty on his Blog, FlippingPhoenixHouses.com.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
