Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That?s what The BiggerPockets Podcast delivers.
Co-hosted by Brandon Turner, David Greene, and BiggerPockets founder Joshua Dorkin, this podcast provides actionable advice from investors and other real estate professionals every week. The show won?t tell you how to ?get rich quick? or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people.
Start listening and join the 1.3 million members who are learning to invest! Visit biggerpockets.com, and follow us on Instagram (@biggerpockets, @beardybrandon, @davidgreene24, @jrdorkin) and Twitter (@BiggerPockets, @BrandonAtBP, @DavidGreene24, and @jrdorkin).
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 wholesalingWhy wholesaling is NOT always a great thing for newbiesThe marketing channels Mike uses to do 100 deals per yearUltra-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 marketingHow he made a $50K assignment fee and the key lesson he learnedHiring and managing transaction coordinatorsHiring his first salesperson on a "straight commission" pay structureUsing personality assessments like DISC and Kolbe when hiringWhy intelligence is not the most important predictor of success in real estate investingAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets PodcastBiggerPockets Podcast 050: Getting Started and No Money Down House Flipping with Mike SimmonsBiggerPockets InsightsBiggerPockets Insights Rent EstimatorGary Vaynerchuk's InstagramGary Vaynerchuk on Finding Deals Through Social Media & Crushing It as an EntrepreneurKOLBE Personality Test
Check the full show notes here: http://biggerpockets.com/show389
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.
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 fourplexInvesting with a full-time job and kidsThe P.R.O.P. system for property managementHow Megan and her husband use the "2 in 5 Rule" to avoid capital gains taxesHow she uses real estate to create time freedom and hang out more with her kidsFlipping an old house near Washington University in St. LouisA BRRRR "fail" (contractor issues) that turned out OKLessons she learned in the militaryThe key to avoiding analysis paralysis: "Get to 80% and go!"Buying a 60-acre farm outside the cityAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreBiggerPockets PodcastLandlord Advisory PanelBiggerPockets EventsBiggerPockets MagazineBiggerPockets Money PodcastBiggerPockets Guide in Finding AgentsBiggerPockets BooksBiggerPockets WebinarsBiggerPockets Podcast 100: The 1st Deal, Management Drama, and the Birth of BiggerPockets with Joshua DorkinOpen Door Capital LLCRyan's BiggerPockets ProfileTenantCloudQuickBooksBoomerang for GmailSeth Mosley's Music and Money GroupBrandon's InstagramBiggerPockets ShirtScott Trench
Check the full show notes here: http://biggerpockets.com/show387
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-MarchHow he plugged the gap with private moneyDeveloping relationships with private lenders before you really need themWhy he's concentrating on a lower-priced marketHow he negotiated with a resident who could no longer afford rentAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets PodcastBiggerPockets 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 DoorsBiggerPockets WebinarsBiggerPockets Radio Podcast 001: Building a Successful House Flipping Business and Losing Millions with Marty BoardmanBiggerPockets 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
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 boyHow a rescinded job offer led to him to pursue real estateThe personal development he had to do to become a successful real estate investorDirect mail marketingClosing deals on the phoneAttracting partners by creating valuable contentWhy Marcus lives in Phoenix but buys rentals near ChicagoWhat separates successful "bird dogs" and wholesalers from those who give upAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreBiggerPockets PodcastBiggerPockets ReviewsSunTrustWells FargoGuild MortgageBuildiumRe-LeasedRent ManagerQuicken LoansCozyPerformance Coach Jason DreesPerformance Coach Phil Towle
Check the full show notes here: http://biggerpockets.com/show386
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 yearsBad advice he received when jumping into investingWhat to look for (and avoid) when investing in condosHow Greg bought a condo for less than 50¢ on the dollarHow he and Brandon structure their flip dealsHow anyone can flip without risk?if they're willing to workGreg's "why" (and his paid-for Porsche)How to approach a mentor without making it awkwardAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreBiggerPockets PodcastBiggerPockets CalculatorsBiggerPockets Podcast 302: Making $100k/Deal Using Other People?s Money, Time & Experience with Cory NemotoCalculating Numbers on a Rental Property [Using The Four Square Method!]Condominium Council of MauiBiggerPockets EventsGrant Cardone on Multifamily Investing and Why You Should Never Buy a House!Open Letter MarketingBiggerPockets Podcast 194: Achieving Impressive Spreads Through High-End Flips with Justin SilverioCallPorterDeal MachineKECO CapitalOpen Door CapitalGobundanceBiggerPockets Podcast 226: From ?D-Student? to $400,000 in Annual Rental Property Cash Flow with David OsbornAudiblePremier Restoration HawaiiBrandon's InstagramDavid's Instagram
Check the full show notes here: http://biggerpockets.com/show385
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 thinThe #1 way to lose money that you haven't thought ofManaging the people who manage your assetWhat David calls "Spreadsheet magic"Investing in areas with diverse employmentOver-renovating after watching too much HGTVInheriting tenants from a sellerEvaluating real estate agentsThe myth of "more money down = more safety"And SO much more!
Links from the ShowBiggerPockets ForumsContractor Bid FormBiggerPockets Podcast 287: Putting Together Real Estate Deals Using Creativity Instead of Cash with Shiloh LundahlBiggerPockets CalculatorsBe a guest on the podcastJoe Rogan Podcast
Check the full show notes here: http://biggerpockets.com/show384-5
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 rehabsHow to ensure contractors are doing quality workIncentivizing team members and keeping them accountableHow much money he paid in interest and fees to his hard money lendersFunctional obsolescence and complications with older homesWhy you can't always trust an appraisal"Home buyer turnoffs" and why it's easy to miss themWhy Spencer sold and took a loss rather than choosing another exit strategyWhy he's not giving up on real estateHow you can "go broke buying good deals"And SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreBiggerPockets PodcastBiggerPockets CalculatorsFamous Four AnalysisBiggerPockets Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael GerberPace Morby's Youtube ChannelBiggerPockets Pro ReplayBiggerPockets WebinarsBiggerPockets Pro
Check the full show notes here: http://biggerpockets.com/show384
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 youThe 6 factors they look at when analyzing a marketWhy Sam & Ben keep such a large reserve fundWhy investors sometimes overvalue cash flowWhy they like the Phoenix marketHow to establish a competitive edge in real estate investingHow they look at multifamily syndication as "a long flip"Why equity protects youBuying insurance against interest rate increasesHiring their own construction teamHow they're adjusting to COVID-19And SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreBiggerPockets PodcastBiggerPockets CalculatorsBiggerPockets 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)DeloitteBiggerPockets Conference 2020BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe AsamoahOpen Door CapitalBiggerPockets 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
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 backWhy Josiah's bank changed the loan-to-value ratio on himTapping a cash-out refinance in an emergencyTrying to sell a property you had planned to BRRRRTaking out loans in your spouse's name to get around loan limitationsKey to pulling off a BRRRR in a down marketHow Josiah saved $750K in interest over 30 years by getting a lower interest rateHow an attorney can help you arrange a great partnershipWhy Josiah looks at this stressful time as a highlight of his real estate investing careerAnd SO much more!
Links from the ShowBiggerPockets ForumsDavid's InstagramBiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan MurdockMindy Jensen's BiggerPockets ProfileBiggerPockets Money PodcastOculus
Check full show notes here: https://www.biggerpockets.com/show382-5
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 pocketHow Josiah uses "boots on the ground" partners to invest at a distanceWhy he analyzes 8-10 deals per dayBuying houses sight unseenWhy BRRRR investors must keep cash reservesHow to talk to appraisers (like getting out of a speeding ticket!)Why a property's list price is irrelevantDeals... on the MLS, in 2020?!The square footage trick that's made him thousands of dollarsLosing out to a lower offer on a big multifamily dealAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreBiggerPockets PodcastBiggerPockets CalculatorsZillowBring Brandon a DealBrandon's InstagramOpen Door Capital LLCBiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian MurrayBiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian MurrayGoBundance
Check the full show notes here: https://www.biggerpockets.com/show382
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.
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 landlordsWhat % of REI Nation's tenants paid April rentEstablishing open lines of communication with tenantsWhat tone to use in conversations about rentWhy Dave proactively reached out to his rentersGuiding tenants to government resources (unemployment, etc.)Creating contingency plansMike's "Wendy's walk-up window" for rent paymentHow to look for better financing in low-interest-rate environmentsHow to stay organized if you're getting government assistance for your businessAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets WebinarsBiggerPockets BookstoreBiggerPockets Podcast 224: Building a Process to Buy 17 Deals a Week with Chris ClothierAre 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 MurdockBiggerPockets Bookstore
Check the full show notes here: https://www.biggerpockets.com/show380
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.
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 vacancy3 data points Dave looks at when analyzing a new marketWhy housing prices haven't fallen much yetDave's (cautiously optimistic) forecast on real estate pricesWhat's happening to rents nationwideWhat "income-to-price" reveals about a marketWhat BiggerPockets Insights isHow new investors can take advantage of this downtimeThe potential of a population shift away from urban centersHow Dave bought an Airbnb in Colorado to "ski for free"And SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets WebinarsBiggerPockets BookstoreBiggerPockets Podcast 186: How to Get Your First Few Properties ? Even in a Competitive Market with Dave MeyerAir DNABiggerPockets Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren SagerBiggerPockets ProBiggerPockets InsightsNewbie Real Estate Investors - What YOU Should Be Doing During This COVID TimeBiggerPockets 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
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 nowBrian's definition of "over-leveraged"Why Brian is currently more focused on operations than acquisitionsHow government stimulus $ may affect the real estate marketHow and where passive investors meet syndicatorsThe #1 quality passive investors should look for in a syndicatorWhy the deal sponsor is more important than the deal itselfDiversifying your passive investment portfolioRed flags to look for when evaluating syndicatorsWhy "alignment of interests" is overratedThe lesson he learned from a friend who lost her life savings
Links from the ShowBiggerPockets ForumsBiggerPockets WebinarsBiggerPockets Business PodcastReal Estate Rookie PodcastBiggerPockets Money PodcastBiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian BurkeBiggerPockets Podcast 076: Growing Your Real Estate Company Into a $30 Million Dollar Business with Brian BurkeBiggerPockets Podcast 152: Building Wealth and Passive Income with Rental Properties with Ben Leybovich, Brian Burke, and Serge ShukhatBiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert GreeneBiggerPockets BRRRR GuideBiggerPockets Bookstore
Check the full show notes here: http://biggerpockets.com/show378
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 MexicoHis #1 lead generation strategy: good old-fashioned radio!3 major demographics he markets toWhy "bouncing" is the reason so many newbies fail3 shifts he's made to adapt to COVID-19How he decides whether to wholesale or fix and flip a propertyThe exact workflow his team uses to work leads from start to finishHow he inspects houses remotelyClosing deals over the phoneHow he puts together "Zoom open houses" for cash buyersHow he's finding cash buyers who will buy sight unseenHow the market is reacting to coronavirusWays to back out of a contract if necessaryAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets Coronavirus Relief ProgramsBiggerPockets WebinarsHow to Build a Deal PipelineRealtorZillowPandoraThe Multipliers MastermindBiggerPockets Business PodcastReal Estate Rookie PodcastBiggerPockets Money PodcastGoBundance
Check the full show notes: http://biggerpockets.com/show377
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 yourselfServing others first, even when our impulse is self-protectionCutting overhead to preserve cashFinding creative ways to rent out propertyCollecting payments up-front, for a discountWorking with lenders if you're having shortfalls with rentInvesting as a group to hedge riskControlling your emotions when the market is volatileWhy you should be building a team NOWThe importance of picking up the phone to nurture relationshipsAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets MagazineBiggerPockets ConferenceGoBundanceBiggerPockets 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 OsborneBiggerPockets WebinarBiggerPockets Podcast 362: Big Goals? Here?s How to Get Your Spouse or Partner on Board with Jay and Wendy PapasanBiggerPockets BookstoreBiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay PapasanKirkland Signature Protein BarsBiggerPockets Money Podcast 100: From Financial Disaster to Real Estate Master with Brandon TurnerJason Drees CoachingBiggerPockets Podcast 162: How to Pay Less to the IRS with Amanda Han, CPABiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian BurkeAppSumoBiggerPockets Podcast 213: Investing in Real Estate Without Being a Landlord with Noah KaganBiggerPockets Podcast 201: Flipping 100+ ?Zombie? Houses with Justin StamperBiggerPockets Business PodcastLandlordologyCozy.coAre Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do!BiggerPockets Youtube Channel876: What Makes a CEO with BiggerPockets CEO, Scott TrenchScottSilverRealtyBiggerPockets 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
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 affectedHow to find renters at this timeHow to make your Airbnb business thriveWhy panic selling is not recommendedThe value of working with a partnerWhat to do if your properties are affectedHow the pricing of properties are affectedVarious creative financing you can tryCurrent status of various investorsWhy rents never go downAnd SO much more!
Links from the ShowBiggerPockets ForumsZombie House FlippingBiggerPockets Podcast 201: Flipping 100+ ?Zombie? Houses with Justin StamperTravelNursing.orgFurnished FinderRNvip.comTrusted HealthCross Country NursesAYA HealthcareBiggerPockets Podcast 374: What Real Estate Investors NEED to Know About the Coronavirus, the Economy, and the Problems at Your DoorBiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery CarlClearBankOpen Door CapitalBiggerPockets Youtube ChannelBiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl YarberMelanie & Dave Dupuis's InstagramAre Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do! (Video)Dave RamseyJustin Stamper's InstagramJustin Stamper's WebsiteThe Short Term ShopAvery Carl's BiggerPockets ProfileBiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery CarlTarl's InstagramBiggerPockets 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
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 nowHow to control your emotions when people around you are panickingWhich strategies do and don't work well during downturnsHow to approach tenants who have lost income and don't pay rentThe importance of "buying right" and keeping cash reserves6 ways real estate investors should prep for a recessionHow power dynamics in the marketplace will changeWhether you should still be out there looking for dealsHow to productively use your time while confined indoorsAdjustable Rate Mortgages todayCOVID-19's effect on the overall economyThe effects of Quantitative Easing and 0% interest ratesAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets Money PodcastBiggerPocketsReal Estate Rookie PodcastBiggerPockets Business PodcastMindy Jensen's BiggerPockets ProfileImperial College COVID-19 Response Team ArticleRay DalioBiggerPockets Podcast 297: Mastering the Decision-Making Process with Business (and World Series of Poker) Champion Annie DukeBiggerPockets Calculators4 Wealth Generators of Real Estate Investing (video)ZillowBiggerPockets 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
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 empireHow her career as an environmental consultant prepared her for real estate investingWhy innovation can be overratedHow she screwed up her first deal and still made 28% cash-on-cashWhy choosing a ?submarkets? is more important than the general market you chooseWhy she shifted from BRRRR to value-add multifamily investingHow she unlocks value in rundown apartment buildingsFinding ?boots-on-the-ground? partners for out-of-state dealsHow she learned the development game by apprenticing under an experienced investorHow real estate development creates money out of thin airTearing down single-family homes and building 4-unit apartment buildingsHow she moves projects more quickly by using ?prefabricated construction?Why ?value-add? drives the biggest returns on investmentAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets Money PodcastHow to Find Overlooked Opportunities in a Hot Market with Andrew CushmanBiggerPocketsTask RabbitBiggerPockets Podcast 092: No (and Low) Money Down Real Estate Investing with Brandon TurnerPodcast MovementBiggerPockets MoneyTiktok
Check the full show notes here: http://biggerpockets.com/show373
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 constructionGenerating momentum as a newbie investorErin's key performance indicatorsLead measures vs. lag measuresOut-of-state real estate investingTeaching young kids about moneyWhy getting your real estate license may be overratedWhy she doesn't "DIY" anymoreAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan ?The Mercenary? MurdockOpen Door Capital$13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ OsborneBrandon's InstagramCraigslistZillowRedfinBiggerPockets Money PodcastBiggerPockets Business Podcast
Click here for full show notes: http://biggerpockets.com/show372
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!
$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 machineHow he's able to spend only 30 minutes on each dealHow he prevents leads from slipping through the cracksRingless voicemail messaging and text message marketingWhy he prefers wholesaling over flipping housesHow he handles tricky title issuesWhy it's never a bad idea to make an offerWill's artificial intelligence startupAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets Ultimate Beginner's GuideBiggerPockets Podcast 077: Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael QuarlesBiggerPockets PodcastBiggerPockets Podcast 209: Flipping 83 Homes in the Last 18 Months with Kevin CarrollBiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal NewportShark Tank
Check the full show notes here: http://biggerpockets.com/show371
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 estateWhat they do and how they help clientsWhat their new book is all aboutHow to save tons of money in terms of taxesBest time to work with a CPAHow an LLC plays into a real estate investor?s life3 benefits of working with a professionalImportance of having a system in place with the help of tax and legal advisorsHow cost segregation comes into playWho does a cost segregation studyOther things investors should not do on their ownWhy it pays to be cautious when it comes to 1031 exchangesWhy buy and hold is preferable over flipping from a tax perspectiveCool things about short-term rentals from a tax perspectiveWhat an Opportunity Zone is and why it mattersWhat a flow-through entity tax break isAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets WebinarExplore Companies on BiggerPocketsBiggerPockets BookstoreIRS Website
Check the full show notes here: http://biggerpockets.com/show370
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 investing4 main methods to find off-market dealsHow his team uses brokers to source dealsHiring 6-figure employeesHow Jefferson has raised more than $30M from 200 investorsHow he incentivizes his team based on occupancy2 factors that drive profitability in the mobile home park businessThe difference between a ?2.0? business vs. a ?1.0? businessJefferson?s biggest career regretWhy he aims to hire ?coaches? rather than ?cheerleaders?How and why he started a fund rather than individually syndicating dealsAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets 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 OsborneBiggerPockets Podcast 339: 60,000 Tenants?! How Frank Rolfe Built a Mobile Home EmpireMobile Home UniversityBiggerPockets Podcast 262: $600,000 Per Month in Gross Rents from Mobile Home Parks with Jefferson LillyIndeed.comBiggerPockets Podcast 361: Using $3,500 to Kickstart an ?Unsexy? Investment Empire with Tristan ThomasTim Ferriss PodcastThe Dave Ramsey ShowQuickbooks
Check the full show notes here: http://biggerpockets.com/show369
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 timeWhy she?s OK paying capital gains tax rather than using 1031 exchangesFlexing your ?risk-taking muscle?Using hard money for BRRRR projectsCreating ?templates? to make investing easier over timeCriticisms of the BRRRR strategyWhy she sells off some of her BRRRR propertiesUsing local banks and credit unionsHer mantra: ?Fortune favors the finance-savvy?How her systems allowed her to buy 2 properties from IndiaHer ?A.B.L.E.? method to escape analysis paralysisHow she bought 9 units for 40% off the list priceHow she used a home equity loan to borrow $160KAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets WebinarFear-Setting: The Most Valuable Exercise I Do Every MonthHow to Make $100,000/Year with Fixer-Upper Rentals (by Buying Only 2 Properties Annually)Microsoft ProjectRedfinHustle & Persistence To Build Wealth Through Real Estate | BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David GreeneBiggerPockets 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
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 14How she started thinking like an entrepreneur while working in retailHow she was motivated by not getting a raise in 5 yearsBuying her first deal for $50K below asking priceReinvesting profits from her first flipHer apprenticeship with a general contractorHow she develops a scope of work and deadlineWhy she doesn?t spend any money on marketingHer networking tipsThe challenges of investing without W-2 incomeHow she prepares several exit strategies for each dealWhere she gets inspiration for her designsHow she sticks to her budgets (the ?price per square foot? method)Incentivizing her contractors to complete work on timeAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets Money PodcastBiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!)BiggerPockets ConferenceZillowRealtor.comTikTokEmail: [email protected]
Check the full show notes here: http://biggerpockets.com/show367
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 investingHow he started his investment career by simply ?paying himself first?The list he used for his first (wildly successful) direct mail campaignThe lessons he, Brandon, and David took away from Rich Dad Poor DadWhy he told people he bought properties (before he ever did!)Why writing down his fears helps him conquer themHow he sought help from a more experienced investor on his first dealHow he used a 401(k) loan to buy a cash-flowing propertyHow he launched a Google Ads campaign to drive traffic to his websiteThe power of small, local banks to fund dealsWhy he holds open houses rather than individual showings for tenantsWhy the best real estate investors buy ?situations,? not housesAnd SO much more!
Links from the ShowBiggerPockets Forumsbiggerpockets.com/podcastsurveyBiggerPockets Business Podcast 30: How to Guarantee Profit From Day 1 with Mike MichalowiczGoogle AdwordsLeadPropellerCozy.coTruliaRealtorHotPadsZillowCraigslistBiggerPockets BookstoreBiggerPockets Business
Check the full show notes here: http://biggerpockets.com/show366
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!
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 investingFixing up creepy, run-down houses in Southern California in his 20sWhy Jocko recommends house hacking for men and women in the militaryHow joining the Navy gave him purposeHis approach to Navy SEAL BUD/S trainingThe lessons he learned from the Great Recession?even though it didn?t personally affect his financesAvoiding "lifestyle creep"Considering the worst case scenario before taking risksHow to harness your ego for goodWhat he says when people push back against the idea of extreme ownershipWhy he writes books for kids (and why some adults like those books best)And SO much more!
Links from the ShowBiggerPockets ForumsJoe Rogan's ShowJoe Rogan Experience #1391- Tulsi Gabbard & Jocko Willink
Click here to check the full notes: http://biggerpockets.com/show365
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 buyingHow she balances running a real estate team with investingHow she created systems to help manage her portfolio of vacation rental propertiesThe difference between self-management and using a management companyHow she manages negative reviews onlineHer advice for marketing your STRThe apps she uses to automate the STR businessHow she buys her STRs with 10% downWhat expenses she factors into her numbers for STRsHow she protects her investments from a possible recessionHow she diversifies her risk between long-term and short-term rentalsHow she uses her first properties when buying additional propertiesAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets Real Estate PodcastThe Grey (movie)AirbnbiGMS Vacation Rental AppBiggerPockets Podcast 245: Creating Wealth that Lasts Generations with Bestselling Author Ryan HolidayBiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant CardoneEmail Us for Pro Deals: [email protected]
Check the full show notes here: http://biggerpockets.com/show364
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 yearHow ?vague aspirations? set you up for failureWhy you?re 42% more likely to achieve your goals if you write them downWhy you shouldn?t have more than 3 goals at onceThe keys to hiring a world-class executive assistantThe importance of a detailed, well-thought-out job descriptionThe right way to document workflowsHow to focus on your ?Desire Zone?How to offload tasks in the ?Drudgery Zone?The difference between goals and projectsWhy he hired a world-class coach to teach him an obscure hobbyAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets Podcast 230: Real Estate Investing as a Side Hustle with Grammy-Winning Producer Seth MosleyBiggerPockets Podcast 117: Maximizing Productivity to Get Things Done with David AllenBiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert GreeneTucker MaxBiggerPockets Podcast 245: Creating Wealth that Lasts Generations with Bestselling Author Ryan HolidayEvernoteLoomBiggerPockets ProBiggerPockets Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael GerberMasterclassBiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal NewportThe Tim Ferriss ShowHow to Make 2020 Your Best Real Estate Year Ever Webinar
Check the full show notes here: http://biggerpockets.com/show363
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 agoApplying the idea of a ?leadership retreat? to your familyWhat settings work best for goal-setting with your spouse or partnerNavigating a relationship where one partner is an entrepreneurTheir 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 misunderstandingsHow Brandon?s navigated balancing business with familyWhy Gary Keller calls tough conversations ?care-frontations?Which time horizons are most useful when setting goalsUsing the language of business in your marriagePutting your marriage first, even when you have kidsMoving at the speed of communicationDelegating draining tasks to help you keep more energy for yourself and your familyAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBiggerPockets Business Podcast 06: How to Manage Your Time Like a Millionaire With Jay PapasanBiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay PapasanGary KellerBiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan ?The Mercenary? MurdockPaying 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
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 homesHow he finds deals in today's marketThe key differences to holding title to mobile homes compared with traditional real estateHow to use ?rent-to-own? financing to eliminate maintenance and repairs costsHow to motivate your tenants to take better care of the propertyHow to build wealth with very little of your own moneyMaking a 100% return on investment within 12 monthsHis 5 biggest lead generators that are all freeThe criteria he looks for to find the best mobile home dealsGetting into real estate investing for financial freedomAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBiggerPockets Podcast SurveyBiggerPockets WebinarsJosh's Twitter ProfilePodcast SurveyGrant Cardone on Multifamily Investing and Why You Should Never Buy a House!BiggerPockets Events and MeetupsMobile Home Park Investing Boot CampBiggerPockets 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
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 propertyHow she got a $100K discount on her first propertyWhy she invests in single family homesHow she uses VAs to handle the heavy lifting of her RE businessHer theory on automation and delegationHow she?s using RE to get out of her legal practiceWhat she looks for in a good assistantWhat she?s looking for in out-of-state marketsHow she automated her direct mail systemHer advice for managing properties yourselfHer thoughts on the next big trend in RE investing over the coming 5-10 yearsAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBiggerPockets Podcast SurveyUpworkPodioStrugglingInvestorPayYourRentCozyOnlineJobs.phAdobeLinkedInBrandon's InstagramDavid's Instagram
Check the full show notes at BiggerPockets: http://biggerpockets.com/show360
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 MeinzerHow he found the propertyHis unique angle on TIC (tenancy in common)What he intended to do reduce his living expensesHow a sliding door turned out to be a blessingWhat the requirements are to convert a TICKey lessons learned from this dealHero and Stephanie CruzThe struggle of finding the right RealtorFinding a property that needs less rehabWhat is assisted living propertyHow much they earn from each roomMaking more money to help more peopleRob KishiHow Daivd and Rob were introduced during a meetupWhy he fell in love with idea of house hackingWhat the property looks likeInvesting with MomWhat ADU stands forAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreBiggerPockets Network - Find a Real Estate AgentBiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant CardoneGrant 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 CurelopThe 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
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: BRRRRStrategy #2: House HackingStrategy #3: House FlippingStrategy #4: Vacation RentalsStrategy #5: WholesalingStrategy #6: SyndicationAccelerants and how to pour fuel on the fireOPM (other people?s money)Value-addForced equityIncreased cash flow through additional unitsLeveraging others (core four)Finding deals from your sphere of influenceFunnelsPartnershipsPersonalitiesSkill setsResourcesAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreBiggerPockets Podcast 302: Making $100k/Deal Using Other People?s Money, Time & Experience with Cory NemotoKECO CapitalKECO Capital?s InstagramBiggerPockets Hard Money LendersBiggerPockets WebinarsBiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian MurrayBiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian MurrayBiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan ?The Mercenary? MurdockPaying 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
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 JuiceHow he bought with PMI, then removed it laterWhy he invests as an agentWhy he tracks his net worthCommon problems that prevent investors from building wealthBuying the majority of his properties from the MLSHow he talks to other agents to get deals sent to himFinding a deal while holding an open houseWhy buying SFR to build equity then exchanging into multifamily is a great strategyAvoiding paying taxesLooking where others aren?t for dealsHow he still buys homes that get multiple offersWhy he DOESN'T want cash flow right nowA walk through of his latest rentalAttracting quality tenantsThe best kind of relationship with real estate agentsThe problems he avoids in rehabsAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets ProEmail: [email protected]David's InstagramBrandon's InstagramBiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant CardoneBiggerPockets YoutubeBiggerPockets MeetupBiggerPockets Webinar Replay
Check the full show notes here: http://biggerpockets.com/show357
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 housesWhy the greatest HUD demand is for 4-, 5-, and 6-bedroom homesHUD requirements for what qualifies as a bedroomThe advantages of investing in a capital cityWhy he rehabs his properties to HGTV-grade qualityWhy he visits potential tenants at their current homesWhy he sends his tenants flowers on Mother?s Day and presents for ChristmasWhy he rewards his tenants' children for good grades and even offers vacations for tenantsHow his model is designed to be recession-proofWhy he has a 20-page leaseWhy he focuses more on reducing expenses than he does on increasing rentsWhy he hired an assistant to manage his properties instead of using a traditional property managerAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreBiggerPockets ProEmail: [email protected]David's InstagramBrandon's Instagram
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 metWhat Ryan did that caused Brandon to pump his brakes and start paying attentionHow they slowly formed what became one of the most dynamic duos in real estateThe attitude Ryan embraces that makes him so valuableHow he earned an equity stake in a huge companyHow they?ve hired additional members to help grow the businessLearn how to create the ?vivid vision? Brandon came up withHow they joined forces to create ?rocket fuel? and scale their syndication modelAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets EventsBiggerPockets BookstoreBiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan MurdockDave Van Horn ? MidWest Real Estate Networking SummitDarren Sager's BiggerPockets ProfileBiggerPockets MoneyMindy Jensen's BiggerPockets ProfileBiggerPockets Business Podcast 16: Mastering Cash Flow and Finding Riches in ?Headache? Jobs with 3Point Cleaning CEO Jesse McCueMeet Property Management Extraordinaire, RE Investor & Hotel Owner Jesse McCueBiggerPockets Business Podcast 18: How to ?Have It All? by Living with Intention with Brandon TurnerBiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian MurrayBiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian MurrayBrandon's InstagramDavid's Instagram
Listen on BiggerPockets: https://www.biggerpockets.com/show355
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 tenantsHow she scaled from SFH to multifamily and hotelsHow she manages her managersWhat she learned from her first deal that lost her moneyWhy she committed to really learning the asset class of real estateWhy having clean apartments is so important to tenant relationsWhy so many investors make the mistake of not focusing on asset managementWhy she turned to hotels when she couldn?t find anything in the multifamily spaceHow the 1031 exchange impacted her capital gains and depreciation recaptureWhich economic drivers she looks for when choosing a property to buyWhat she?s learned about operating syndications in the hotel spaceAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets ProEmail Us: [email protected]BiggerPockets Podcast 345: ?Vivid Visions? and 90-Day Sprints?Brandon?s Approach to Mobile Home Park Investing (and Life!)BiggerPockets EventsGoodReadsJo NesboCamilla LäckbergBiggerPockets Bookstore
Check the full show notes on BiggerPockets: http://biggerpockets.com/show354
?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 toleranceDelegating things you're not good atHow he got into real estate salesPlaying great "defense"Not caring about what others thinkHow he invested everything left over that he didn?t spendHow he bought his first property?a triple wide mobile home?for 50 cents on the dollarUsing his influence as a broker to get great deals before they hit the marketHow he bought land in the path of progressHow he exchanged several good deals by ?trading up? into a triple net lease commercial property out of stateHis philosophy on timing marketsHis ?fulfillment triangle?The power of the 1031 exchangeWhich houses he flipped and which he keptHow he retired at 40 years oldThe multiple levels of financial freedomThe financial freedom principles he teaches in his non-profitWhere he believes we are in the current market cycleAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets Podcast 326: Health, (Big) Wealth, and Total Accountability With David Osborn, Pat Hiban, Tim Rhode (and Josh!)Firestarter BiggerPocketsWayne DyerTom HopkinsZig ZiglarBiggerPockets BookstoreGoBundanceBiggerPockets ProEmail Us: [email protected]
Check the full show notes on BiggerPockets: http://biggerpockets.com/show353
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 offersA breakdown of varying house hacking techniquesA 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.
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 29How he overcame not having a driver's licenseWhat adversity can teach youHow he got on the fast track to becoming a millionaireHow he overcame his stutter to go on to do a TED talkHow he invests out of stateWhat he looks for in a home to house hackHow he bought his first propertyHow he bought a property with his fatherWhy he prefers ?B?-class properties over ?C?-class propertiesHow he vets turnkey companiesWhy doing your own math is so importantWhat he looks for in someone he can trustWhat he recommends in terms of choosing an areaHis advice for structuring partnershipsHow he recommends avoiding drama with roommates in a homeAnd SO much more!
Links from the ShowBiggerPockets ForumsBrandon's InstagramDavid's InstagramDACABiggerPockets Youtube ChannelGoBundanceBiggerPockets Podcast 226: From ?D-Student? to $400,000 in Annual Rental Property Cash Flow with David OsbornBiggerPockets Podcast 190: Building 61 Different Passive Streams of Income with Pat HibanBiggerPockets Podcast 318: 100 Units in the First 2 Years (Using Bank Financing!) with Collin SchwartzBiggerPockets Business PodcastLoomBiggerPockets Conference
Check the full show notes here: http://biggerpockets.com/show352
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.
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 respondHow to recognize why you made bad decisionsHow to avoid worse decisionsWhy he invests in short-term rentalsWhat he means by ?stillness is the key?How to become something betterWhy ?working harder? isn?t always the best answerHow success can actually become a trap for usHow our best ideas can come from time away to thinkHow to model ourselves after the best, brightest, and most successful mindsWhy he believes so much about the power of journalingHow to create routines that free your mind to reach new heightsHow to put your energy into efforts that lead to a better ROI on your timeAnd SO much more!
Links from the ShowBiggerPockets ForumsAudible TrialBiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal NewportAmerican ApparelBiggerPockets Youtube ChannelBiggerPockets InstagramBrandon's InstagramDavid's Instagram
Listen on BiggerPockets: http://biggerpockets.com/show351
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 estateHow he bought his first house hack Why house hacking is so effective for establishing financial freedomHis scale of comfortability vs. profitabilityWho should house hackWhy expensive markets are the best places to build wealth through real estateThe importance of solid metrics in a potential house hackHow he gets in front of the ?path of progress? to maximize returnsHow to take advantage of low down payment options to snag properties that earn incomeHow house hacking allows you to find the ?return on your potential?How to make ?hedonic adaptation? work for you, not against youAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets Podcast 252: House Hacking (Your First Deal) & Life Hacking with Craig CurelopBiggerPockets Podcast 014 : Cash Flow, Creative Finance, and Life with Ben LeybovichZillowXero Accounting Software
You can listen on BiggerPockets here: http://biggerpockets.com/show350
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 worksHow to check with the zoning department to make sure you don?t get burnedHow to file a claim for title insuranceHis fantastic advice for due diligence checklistsHis advice for finding your nicheThe benefits of niching downHow to find your passion and inner focusHow to handle the fear of rejectionThe key to applying information you have in your life alreadyHow to flip an apartment or apartment complexAdvice for raising moneyHow to understand what a cap rate isWhy multifamily may be less risky than single familyAnd SO much more!
Links from the ShowBiggerPockets ForumsBrandon's InstagramDavid's InstagramBiggerPockets SignupJoe Fairless Denver ConferenceLoopnetBiggerPockets Podcast 345: ?Vivid Visions? and 90-Day Sprints?Brandon?s Approach to Mobile Home Park Investing (and Life!)Up MovieGoogle Business TemplateApartments.comForrent.com
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 businessHow she uses technology to systemize her rural businessHow she structured her first partnerships (with ease!)Where she's finding dealsHow she used her current job and boss to get into investingWhat newbies get wrong about the reality of investingHow she uses apps to find off-market dealsUsing 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 oldHow she bought a property for each of her kidsHow she set it up to be paid off and refi-ed by collegeHow she uses a commercial line of credit to borrow money to buy new propertiesHow she finds properties on the MLSWhy she always tells everyone she buys rental propertiesWhat her favorite parts of the business areHow she bought a property no one else wanted for $35K, pulled out $6K more than she put in, and cash flows almost $1K/monthAnd SO much more!
Links from the ShowBiggerPockets Conference (Last Chance!)BiggerPockets ForumsBiggerPockets WebinarBiggerPockets InstagramBiggerPockets Twitter ProfileBiggerPockets ProBuildiumAppFolioOne DriveGoogle DriveGoogle VoiceEverlanceLandglideOnX MapsZillowBiggerPockets Podcast 346: 34 Units & 6-Figure Wholesale Fees (at 20 Years Old!) with Josiah PottBiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan MurdockBrandon's InstagramDavid's Instagram
Check the full show notes here: http://biggerpockets.com/show348
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:
Click here to listen on Biggerpockets: https://www.biggerpockets.com/show347
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 infoHow he wholesales and turns that into rentalsWhy he won?t miss out on seller financing in the futureWhy 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 estateHow the power of compound interest changed his life, mindset, and approach to building wealthHow he?s accumulated a very impressive portfolio at 20 years oldWhy he uses cold calling to build wealthHow he made $127K on one dealHow he made $355K on a deal with his partnerHow he organizes his business so he doesn?t lose dealsWhy he keeps a personal touch in his businessHow he handles questions about his young ageHow he and his wife work together on their businessAnd SO much more!
Links from the ShowBiggerPockets ForumsBrandon's InstagramDavid's InstagramPodioPipeDriveTrello
Check the full show notes here: http://biggerpockets.com/show346