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).
Have you ever been in a conversation where someone has had to ask you to repeat something multiple times? It?sfrustrating when you?re trying to tell someone something and they just won?t listen, but what about all the times you?ve been distracted in a conversation? There are a handful of reasons why humans aren?t great at listening, but the benefits to becoming a true listener are off the charts. Better connections, more trust, and happier relationships just to tout a few.
In her book, Listen Like You Mean It, Ximena Vengoechea talks about why listening is so important, and why we often get it wrong. Being a great listener is almost like having a super-power, you?ll be able to tell what a person wants and needs faster and more accurately. This can help in almost any business, but especially in a people-first business like real estate when you?re constantly talking to tenants, management, sellers, buyers, or agents.
Ximena goes through the 3 qualities that are most needed when becoming a great listener and how you can put yourself into ?listening mode?. She also walks through how to have difficult conversations or conversations with people who aren?t the best listeners, plus what you can do to make sure that the person talking to you really feels heard. This isn?t just a crucial trait for anyone in real estate, but for anyone who wants successful relationships with the ones they love.
In This Episode We Cover:How user research prompted Ximena to write about listeningAsking good questions that help people open up moreCutting out the distractions and being present and mindful in a conversation Why attention tends to waver in day-to-day conversationsThe 3 most important qualities you can adopt to become a better listenerHow to be more extraverted in conversationsAnd So Much More!
Links from the ShowBiggerPockets PodcastOpen Door CapitalBiggerPockets book storeBrandon's InstagramDavid's Instagram
Click here to check the full show notes: https://www.biggerpockets.com/show459
Every real estate investor knows that things don?t always go as well as we?d like. What happens when you?re hit with a $16,000 bill to fix a sewer, or when 20 of your tenants call you all at once with problems? Some things, like those examples, make active real estate investors envy passive investors. This is why Tamar Hermes decided to go on a more passive route for real estate investing.
Tamar started at age 28, working as an executive in the television industry. She realized that she was trading her time for money, and without her job, she wouldn?t be able to pay her bills. So, she put 10% down on a duplex and started house hacking. Over time she bought more and more duplexes, some even out of her 401(k). She was an aspiring landlord, but after being hit with the situations above, she decided to sell all her units in Los Angeles and put her money into more passive income streams.
Now she?s invested in syndications, like Brandon?s Open Door Capital to be exact. This gives her far more freedom to pursue her passions in life, without having to worry about those 2 A.M. toilet calls. Tamar refers to herself as a very cautious investor, and that may be why she feels far more diversified with passive investing than active investing.
She also talks through ?finding your tribe? and how Gobundance has helped her meet friends and partners within the real estate space. This doesn?t mean you need to go out and find a group, but having friends and allies within your certain niche can help move you miles ahead of the competition!
In This Episode We Cover:Using house hacking as a way to fuel your real estate investing The difference between passive and active real estate investingFinding cash flow AND appreciation when looking for rental properties?Upgrading your investing? and growing your investor mindsetRecourse vs non-recourse loansFinding quality agents, certified financial planners, and other partnersAnd SO much more!
Links from the ShowBiggerPockets ForumsOpen Door CapitalTravel Nurse HousingGrant CardoneGoBundanceBiggerPockets BookstoreBiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan SullivanJosh Dorkin
Check the full show notes here: http://biggerpockets.com/show458
Some people are born into wealth, but none are born into success. Success needs to be earned, through pain, hard work, and perseverance.
Patrick Bet-David came to the United States during the Iranian Revolution of 1978, after already being a refugee in Germany. Patrick served in the U.S. Army and prided himself on his ability to party, but after a family health emergency, he decided enough was enough, and he became the hard-working, driven man he is today.
Now, a successful businessman, media producer, best selling author, and CEO, Patrick has a lot of wisdom to share for young and aspiring businesspeople. One of his biggest lessons: don?t waste your pain. Patrick shows how the best of the best in business, sports, or any other field are consistently putting themselves in positions where they have to fight to be the best. Patrick argues that even if you?re the best basketball player in your high school, once you go to college you may be at the bottom of the list, and once you become the best in college, you may be stuck again at the bottom of the professional leagues. This means you have to constantly change, adapt, and improve yourself to become the best of the best.
We also talk about Patrick?s book, Your Next Five Moves and how people who are masters in their skillset are thinking at least five moves ahead of their competition. Want to buy a house? What are the next 5-10 moves you could make right now to get that done. Most people do a single step, stop because it?s too hard, and leave it at that. If you want to be the best of the best, you need to think bigger and understand the importance of the sequencing of those steps.
In This Episode We Cover:Patrick?s journey from refugee to multi-million dollar business owner Pushing yourself to perform at the highest level you possibly canGiving your children values instead of material giftsThinking five steps ahead of yourself and the competitionGoing through a ?Personal Identity Audit? and learning to accept yourselfEntrepreneurship vs IntrapreneurshipAnd So Much More!
Links from the ShowBiggerPockets PodcastBiggerPockets book storeBrandon's InstagramDavid's InstagramYour Next Five Moves Website
Check the full show notes here: http://biggerpockets.com/show457
Anything over 100 units tends to scare many investors, especially rookie investors. How do you even get to 100 units when it?s already challenging enough to get one? That answer is simple: stack them slowly over time. That?s exactly what today?s guest, Erika Sleger, did. Erika heard about house hacking from a lecture in college, so once she graduated she decided to buy a fourplex, live in one unit, and rent out the others.
She learnt some valuable skills from that first fourplex and later sold it for a nice profit, 1031 exchanged it into an 18 unit, and started collecting rent. From there, she used her equity on the 18 unit to buy a 64 unit. Another 16 units here, some more units there, and before she knew it Erika had over 120 rental units. She acquired all of these properties through 1031 exchanges and pulling cash out via refinances for down payments.
Managing over 100 units isn?t easy, it took Erika a while to find management that worked, and she was still managing her managers. Even with the best due diligence, Erika talks through the challenges of filling and managing so many units. That?s why Erika sold her multifamily properties and moved her money into commercial real estate.
Now she owns ?amazon-proof? commercial spaces for coffee shops, a daycare center, and even a car maintenance shop. These leases are triple net, and give her the flexibility to move wherever she wants in the world, without having to over-manage a property manager. This is what ?the stack? done correctly looks like!
In This Episode We Cover:House hacking to secure your first rental propertyUsing 1031 exchanges to acquire more properties with no capital gains taxesBuying LARGE multifamily properties and setting up managementThe importance of due diligence when buying multifamily and commercialTriple net leases and the benefits of commercial buildingsAnd SO much more!
Links from the ShowBiggerPockets ForumsTony RobbinsWalgreensCVSStarbucksAmazonBiggerPockets Podcast 253: Recession-Resistant Investing & the Benefits of Buying Shopping Centers with David PuchiBiggerPockets Podcast 363: How to Work (Way) Less but Accomplish (Way) More in 2020 with Michael Hyatt
Check the full show notes here: http://biggerpockets.com/show456
You?ve probably heard of The Breakfast Club, the morning radio show in over 90 markets that covers everything from hip hop culture, to celebrity gossip, to politics and more. If you've listened, you may recognize DJ Envy?s voice. He?s here today with his partner Cesar Pina, to talk real estate, seminars, and business.
DJ Envy grew up in Queens, New York, and was neighbors with a successful DJ. After he heard how much money DJs were making in the city, he decided to start DJ-ing himself, and began releasing mixtapes. As his success grew, he started working for a radio station and landed a morning show, which later became known as The Breakfast Club.
After buying his first house and later selling it due to a long commute, Envy walked away with around $80,000. He was hooked, and knew that real estate was a long-term way for him to build his wealth and create success for him and his family. He started out buying a house every year and selling it a year later, then bought some homes in Detroit for $15,000 that sold for over $260,000! Envy wanted to get more into real estate, so he was introduced to Cesar.
Cesar was serving time in prison when he first learnt about real estate investing. Once he was released, he decided to jump in. He bought single family homes, then small multifamily homes, then went on to commercial buildings. Now, heowns more than 1,600 units and flips anywhere from 60 to 80 houses per year! His new book, Flipping Keys, comes out later this month.
Cesar and Envy became an unstoppable duo, and now they're teaching others how they too can buy rentals and flip houses. They see this as a way to serve their community and let those who may be unaware of real estate investing have a chance at success and financial freedom.
In This Episode We Cover:How DJ Envy started buying and flipping homes Buying homes under market value to make high profitsWhy house hacking is the best way to get started in real estateBuying in Detroit during the early days of the recession How to use other people?s money (OPM) to fund your dealsWhy most real estate seminars take more than they give to attendeesAnd So Much More!
Links from the ShowBiggerPockets PodcastBiggerPockets book storeBrandon's InstagramDavid's InstagramGrant Cardone on Multifamily Investing and Why You Should Never Buy a House!
Click here to check the full show notes: https://www.biggerpockets.com/show455
Retiring via passive income is why most people get into real estate, but rarely does someone accomplish that goal within just two years! Rachel Richards, real estate investor, agent, and author of Money Honey shares her story of aggressive real estate acquisition. All purchased, by the way, with at least 20% down!
While her friends in high school may have been reading for fun, Rachel was reading Rich Dad Poor Dad and trying to find the best way to become financially free. After she graduated from college she took jobs where she felt underappreciated and at some points, humiliated. She realized that this was not the path she would go down, and started investing shortly after in 2017. By 2018, Rachel and her husband had acquired 38 doors. Yes, you heard that right, 38 doors in under two years!
These rental properties allowed Rachel and her husband to retire, as they were making six-figure incomes solely from their properties alone. This didn?t mean two years in she was still a rookie. Far from it actually. Rachel had to systematize her rental properties as much as she could within those two years so she could manage them long distance without having huge headaches along the way.
Rachel shares some interesting stories, from turning a duplex into a short-term boarding home, to catching her property managers stealing over $6,000 from her. She?s learnt a lot and put her knowledge into her books Money Honey and Passive Income, Aggressive Retirement, both of which may help you get to where she?s at now!
In This Episode We Cover:Understanding how important financial independence is to your lifeDismissing limiting beliefs that you can?t or shouldn?t do somethingSeller concessions and how you can use them to get more money at closing Why being too frugal may lead you to lose more money in the long runSystematizing your long distance real estate investingAnd SO much more!
Links from the ShowBiggerPockets ForumsBe a guest to the podcastCutco CutleryBiggerPockets Podcast 416: 29-Year Old Making Nearly $1M in Passive Real Estate Income (3 Years In!) with Matt OnofrioBiggerPockets Podcast 418: 14 Deals in 16 Months: How Alex Camacho Found his Mastery in Deal FindingBiggerPockets Podcast 320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany ArnasonBiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl Yarber
Check the full show notes here: http://biggerpockets.com/show454
We?re taking a bit of a detour from our regular programming to answer some live questions on real estate mindset! Brandon and David take live questions from investors across the nation on some of the most hard-hitting/commonly contemplated real estate questions and topics such as?Is perceived ?risk? deterring you from making strong financial decisions?How do you keep the fire going as an agent and investor when you get rejected?When should you allow team members to take on your roles and processes?What to do to get over the fear of partnerships?How do you balance ambition and being content with your success?How to find inspiration in other people's success?What to do when there is SO much opportunity but you don?t know what to choose?And More!
Brandon and David spend some time answering all of the above questions with life lessons they?ve learned in their investing careers. The solution to the problem isn?t always cut and dry, but almost all of these questions come up in a real estate investor?s career, one way or another.
If you didn?t get your question answered in this episode, stay tuned as we may plan to do another Live Q&A in the future!
In This Episode We Cover:Answers to the top real estate ?mindset? questions Finding your fire and running towards itLetting go of the ?I have to do everything? mentalityFocusing on one thing, doing a great job, and letting go of the restGetting your spouse on board for real estate investing/financial freedomStaying content and grounded while also striving for greater thingsAnd So Much More!
Links from the ShowBiggerPockets PodcastBiggerPockets book storeBiggerPockets ForumsBiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors
Click here to check the full show notes: https://www.biggerpockets.com/show453
Steve Trang is all over social media, he runs a real estate brokerage, a sales training business, and a title company, but he didn?t start out as a real estate professional. Steve was actually an engineer at Intel before he made the leap to become an agent. As luck would have it, Steve got in right as the market was about to tank in 2007/2008. Did this stop him from finding success? Of course not!
Steve was interested in real estate, and after finding out what agents did for a living, he knew he needed to make a career switch. He left his corporate job and headed into real estate, trying to get any leads he could as an agent. His prior employer, Intel, told him that he was welcomed back if he ever needed a job, but when he tried to come back a couple years later, they didn?t have a position available for him. He knew the bridge was burnt, and it was time for him to go full throttle on real estate.
Now, a decade or so later, Steve is teaching his tips and tricks to aspiring agents, wholesalers, and de al finders alike. He has a very specific hiring process, and will only start to evaluate a candidate that fits into his time-tested requirements. This helps him weed out potential employees and keep only the serious ones around.
Steve gives some pointers on the best cold calling tips, the common mistakes that newbies make, and how to mitigate rejection when a cold call goes sour. If you?re afraid to cold call or afraid of being rejected in general during real estate prospecting, Steve talks through how he uses rejection to hit the successful metrics he needs!
In This Episode We Cover:What type of person should be a real estate agent?Knowing that real estate is a long-term success game, not an overnight winUsing PPC (pay per click), direct mail, and cold calling to get leadsHow to hire employees that want success, not just a paycheckHaving regular, but efficient meetings with your teamThe top cold calling tips for those who are prospectingWhat to do if you?re afraid to cold call (or afraid of being rejected)And SO much more!
Links from the ShowBiggerPockets ForumsIntelWells FargoBiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan SullivanJotFormBiggerPockets LAPS FunnelPropstreamBatch LeadsSkipFastGrant CardoneBiggerPockets Publishing
Check the full show notes here: biggerpockets.com/show452
Does it ever seem like working overtime is a competition? We often see people bragging about how they work 60 hour weeks, work on weekends, or spend the most time at the office or in front of their computer. Does this constant overworking actually accomplish something or is it more of a chest-beating competition?
Michael Hyatt argues that working crazy hours rarely does anything for our productivity, and if anything, can make our work sluggish and dull. He should know, in the beginning of the COVID-19 pandemic as teams were working more than ever from home, Michael decided to do the opposite. Michael lowered his (and his team?s) working hours from 40 hours a week, to 30 hours a week. The result? A profit increase of nearly 100% and company-wide productivity boost.
Not only does your work quality benefit, but so do your relationships, your health, and your outlook on life when you are off of the ?grind mode?. Michael believes this so much that he wrote a book about it. Win at Work and Succeed at Lifegoes through what Michael calls the ?double win?: winning at life and work, with no tradeoffs!
Michael lists a handful of ways you can instantly improve your work/life balance. Tips on sleep, nutrition, and getting your ?daily big 3? done so you can accomplish goals that matter, instead of just being productive. If you ever feel like a workaholic, these tips will help you align back to a productive yet enjoyable schedule.
In This Episode We Cover:Fighting the ?cult of overwork? especially when working becomes a bragging rightHow to keep your business running at full speed while having time for your familyThe importance of putting up ?hard boundaries? so your day can be respectedIdentifying the ?big 3? tasks that you need to get done everydayHow to implement ?double wins? in your lifeKnowing which work is important and which work can be put on holdAnd So Much More!
Links from the ShowBiggerPockets PodcastBiggerPockets book storeBrandon's InstagramDavid's InstagramBiggerPockets Podcast 363: How to Work (Way) Less but Accomplish (Way) More in 2020 with Michael Hyatt
Click here to check the full show notes: https://www.biggerpockets.com/show451
First-time home buyer? At some point, all of us were. How do you make sure you?re getting a great deal, how should you pay for it, and what can you do to make sure it?s a purchase that will help you grow your wealth. In today?s episode, you?ll hear from Scott Trench and Mindy Jensen, hosts of the BiggerPockets Money Show. Their new book, First-Time Home Buyer, shows how to buy your first property in a way that sets you up for long-term success.
Most people see their primary home as an investment, but that isn?t usually the truth. Housing is a cost, and like many costs in life, we should try to minimize it when we can. Having a lower housing cost can allow you to invest more of your money, build up safety reserves for repairs, and have the financial bandwidth to live with less stress.
Scott and Mindy debate cash flow vs appreciation, how much you should put down on your home, and what kind of liquidity position you need to be in to find success in your purchase and future endeavors. Even if you?re not looking to build a rental empire, this is a fantastic book for anyone who is looking into buying for the first time. Don?t know about equity, title insurance, or other real estate terms? No problem! First-Time Home Buyer has you covered.
In This Episode We Cover:What will 2021 hold for real estate investors and first-time home buyersIs appreciation or cash flow a better metric to measureHow to have a primary residence that sets you up for long term wealth The 5 steps to finding a great deal on a primary residence Looking at the market even when you?re not ready to buyWhat people get wrong when they buy a homeAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets MoneyBiggerPockets Money Podcast 165: How ?Finance Ninja? Daniel J. Mills Started at $30k a Year and Grew a US Rental Empire from Japan
Check the full show notes here: http://biggerpockets.com/show450
We?ve known for a long time that humans aren?t great at multitasking. Once distracted, our brains find it hard to let go of the new information we?ve just learnt or seen. This is why the constant onslaught of emails, messages, texts, and phone calls could be killing our productivity and creativity. Cal Newport, author of A World Without Email, has seen this first hand.
Cal discusses something he likes to call ?Hyperactive Hivemind Workflow?, which is essentially what happens to our brains when we?re constantly being nudged by electronic messages. When you?ve got your head down and are working hard on an important project, just a simple glance at an email can spin everything out of whack.
Here?s the thing, this is happening to all of us, all the time. We are constantly monitoring our emails and messages, and by the mid afternoon, we?re out of energy. We?ve exhausted all of our cognitive resources. But isn?t it productive to check emails and respond to them quickly throughout the day? This is what Cal refers to as the ?fool?s gold of busyness?.
Luckily, there are some ways to get us into a more productive state, without having a barrage of emails in our inbox. Cal talks about efficient meetings, Kanban boards, restricting ad hoc communication, having office hours, and being intentional with your time and attention. While these small email responses may seem like just a minute here or a minute there, they actually eat up a huge part of our work life.
In This Episode We Cover:Why we need to limit our intake of email, messages, and other communication throughout the dayGetting your team to be less ad hoc about communication and more intentionalHaving a ?process and procedure first? mindset when starting a businessUnderstanding what the ?vital tasks? are in your businessKnowing your cognizant footprint and having intentional attentionAnd So Much More!
Links from the ShowBiggerPockets PodcastBiggerPockets book storeBrandon's InstagramDavid's InstagramBiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal Newport
Click here to check the full show notes: https://www.biggerpockets.com/show449
Busy people tend to be...busy, and often, real estate investing is one of the things that they ?just don?t have time for?. If you feel that way, listen to today?s guest, Dion Mcneeley as he describes his own system for buying real estate the ?lazy? way.
Dion was a police officer and a truck driving instructor, taking care of his kids as a single parent, and struggling to get ahead. He went from $89,000 in debt to becoming debt free and financially free, thanks to the help of rental properties, in just 10 years.
After buying his primary home, Dion heard of success in owning rental properties, so he decided to move out of his house and into an apartment to see if he fit as a landlord. He rented the house to his friend, who later moved out without notifying him. Dion tried to make landlording work with another tenant, but ended up being underwater on the house payments. This is when he found BiggerPockets and read Rich Dad Poor Dad.
What was Dion?s mistake? He wasn?t running his rental properties like a business. After upgrading his processes, he went on to buy and house hack a duplex. Then he bought another duplex as an investment, and another one, then another house hack duplex. Within just 6 years, he had 7 units and was raking in $2,700 a month in pure cash flow!
Dion talks about the mistakes he made, why he prefers side-by-side duplexes, how he?s located his properties for maximum asset protection, and goes into his amazing strategy for getting tenants to sign longer leases and raise their own rents. You can check out Dion?s Youtube channel or find him on the Real Estate Rookie Facebook Group!
In This Episode We Cover:Why being lazy can be a benefit when building systems for real estateHow to use your job and your rentals to achieve a 100% savings rateThe benefit of side-by-side duplexes as opposed to two-story duplexesMaking sure that your procedures are easy so they can be repeatable Getting tenants on longer leases and higher rents with the ?Binder Strategy?Spacing out rentals so you have a large pool of tenants to choose fromAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets Podcast 276: Early Retirement ($10k/Month) by Age 35 with Bryce StewartBiggerPockets Podcast 443: 10 Ways to Learn Anything Faster with Jim KwikBiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe AsamoahBiggerPockets Money PodcastBiggerPockets Business PodcastBiggerPockets RookieRookie Podcast 51: 18 Deals in 2 Years AND a Full Time Job with Kevin ChristensenCDS Rental Calculator AppBiggerPockets Rental CalculatorZillowTruliaWells FargoGuild MortgageBiggerPockets Facebook Group
Check the full show notes here: http://biggerpockets.com/show448
What do you want out of life? What do you want to accomplish in the next 3-5 years? When asked this question, most entrepreneurs give a pretty simplistic answer. Something like ?Oh, we?ll get more clients by this time next year? or ?I?ll buy two more houses and then I?ll be happy?. How often do we sit down and paint a picture of what we want our life to look like? Today we?re discussing Vivid Visions with their creator Cameron Herold.
Cameron is a veteran in the business world, he likes to say that he was ?groomed? by his entrepreneurial grandparents and father to become a success story. By the time Cameron was 21, he had a full-on business that had 12 employees, and at 22 he bought his first rental property. He later became a franchisee for College Pro Painters and was so successful that he went on to coach new franchisees.
He?s partnered with hundred-million dollar companies, grown and sold businesses for millions, coached the CEO of Sprint, a monarchy in the middle east, has written 5 books, and runs the Second in Command Podcast, where he talks to successful COOs. Cameron is someone who clearly has accomplished a lot and has a TON of wisdom to share.
Cameron has serious knowledge on business management and talks about the importance of the CEO and COO relationship. Cameron describes how a COO needs to be a partner to the entrepreneur (the CEO) and operate as the ying to the CEO?s yang. If you?ve heard the terms ?the visionary and the innovator? from books like Traction, this is exactly what Cameron is talking about.
If you?ve been wondering where the idea of a ?plan? or ?vision? comes into play, Brandon, David, and Cameron all discuss their ?Vivid Visions? and how it?s led them to success in their life. Cameron coined the term ?Vivid Vision? because most entrepreneurs were simply writing down a 1-2 sentence mission statement instead of creating a vision of what they wanted their company and future to look like. This vision not only helps you build a life you want by design, it also entices great executives, employees, and partners to join you on your path to that clear and decisive ?Vivid Vision?.
In This Episode We Cover:How Brandon found out about the ?Vivid Vision? and how it has changed his worldview since creating oneWhy Cameron decided to coach COOs as opposed to CEOsThe importance of having a COO or 2nd in command that you trust and believe inWhy your job postings should scare those who aren?t ready to take risks and growWhy entrepreneurs have such a hard time when letting goHow to create your ?Vivid Vision? in 7 stepsWhat a great ?Vivid Vision? looks like, what it includes, and how to structure itAnd So Much More!
Links from the ShowBiggerPockets PodcastBiggerPockets book storeBrandon's InstagramDavid's InstagramBiggerPockets Business Podcast 39: Creating Your Vision and Achieving Massive Success with Cameron HeroldBiggerPockets Podcast 230: Real Estate Investing as a Side Hustle with Grammy-Winning Producer Seth MosleyBrandon's Vivid Vision (photo)Second-In-Command PodcastVivid Vision Website
Click here to check the full show notes: https://www.biggerpockets.com/show447
Have you ever had analysis paralysis? Maybe you have it right now and that?s why you?re listening to this episode! Kyle and Lauren Clugston would call that ?productive procrastination?, and the only way to get out of it is to move forward! They should know, it took them over 3 years before they made their first move in real estate investing!
In college Lauren stumbled upon Brandon?s old blog about real estate investing. As she read, she gained more confidence in the craft, and knew that real estate was what she wanted to do with her money. She then started trying to convince her partner, Kyle, that real estate investing was the way to go. As someone without an investing background, Kyle was hesitant, but took a leap of faith which paid off!
Now they're BRRRR-ing their way through New Jersey, with single family and multifamily properties throughout the state. Lauren and Kyle had to learn a lot before they became the real estate success stories they are now. Things like doing inspections, estimating rehab costs, getting financing, setting up systems and procedures, and getting legal documents prepared were at one point a great challenge to Lauren and Kyle. Now, they?ve got them down!
Lauren and Kyle lay out everything they wish their former selves had known, and go through the things that early real estate investors should worry about, and the things they definitely shouldn?t lose sleep over. This advice could save months, weeks, or hours off of your deal analyses and might be just the thing you need to get out of analysis paralysis!
In This Episode We Cover:Why house hacking is such a great strategy for new investorsFocusing on the right metrics, whether it be cashflow or unitsDefining your specific roles as partners and investors The importance of weekly meetings with your teamSetting up your real estate to run like a business, not just a hobbyHow to put together an ?invest with us? packet for private lendersAnd SO much more!
Links from the ShowBiggerPockets ForumsGrant CardoneBiggerPockets Youtube ChannelBrandon's Old BlogBiggerPockets WebinarsBiggerPockets Rehab Estimator CalculatorBiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl YarberBathroom Example (file)
Check the full show notes here: http://biggerpockets.com/show446
The BiggerPockets podcast has quite a diverse group of guests that come on the show. We?ve had writers, speakers, businesspeople, and actors, but this may be the first rapper we?ve had with us. Chris Greenwood AKA Manafest is in the studio, and instead of recording beats, he?s recording the best lessons he?s learned through his music career, real estate investing, and online business.
Chris started out like many of us, working a stable job for a large corporation. After years of doing music on the side while working his full time job, he decided to take the jump and make rapping and rocking his career. Chris is the first to admit that this may not have been the best financial decision, and staying on the job for a little while longer could have relieved him of a lot of headaches. That being said, Chris didn?t just survive, he actually thrived in the music scene.
When Chris and his wife decided to move out of their condo to upgrade to a larger home, they brought up the idea of renting out the condo instead of selling. This opened Chris up to the world of real estate investing, and as he saw the checks start to come in, he realized that this was a money maker that could help bring in stable income, passively while he worked on his music.
Now Chris owns various properties and mainly buys from turnkey companies. Brandon, David, and Chris all have their own opinions on turnkey real estate investing, but they all agree on one thing: for those that don?t have much time to be an active investor, it?s a great way to start or stack up rental properties.
Aside from rentals and rapping, Chris developed his own online course to teach other musicians how to successfully market their music in an industry that has such a high barrier to entry. Chris talks through how he separated himself from all the other ?course gurus? and how you too can serve as an authoritative figure in your own community with knowledge, experience, and perseverance.
In This Episode We Cover:How Manafest got his start in music (and why he made the jump to full time)The struggles and benefits of working a full-time job and pursuing your dreamsRenting your primary residence instead of selling when you move outNot getting sucked into the ?you?ll have to fix toilets? fear of real estate investing Turnkey rentals and why they may (or may not) work for your investing strategyHaving the drive to help people before you ask for money or a saleChris?s book From Red to BlackAnd So Much More!
Links from the ShowBiggerPockets PodcastBiggerPockets book storeManafest Website
Click here to check the full show notes: https://www.biggerpockets.com/show445
It seems like young real estate investors get more and more impressive every week. Today we talk with Cole Ruud-Johnson, a wholesaler and flipper out of the Seattle area. The impressive part? He?s 22 years old and has done 150+ deals to date! Even at 22, Cole?s journey wasn?t a linear path, he had lots of ups and downs to get him to the level of success he achieves now.
Cole tried to be a real estate agent at 18, but wasn?t getting the hang of it. After failing at a couple of real estate brokerages, he entered into a third and learned how they were creating their own inventory via cold calling. He decided he?d give this a try, and partnered up with his friend to cold call for deals.
After three months, an agent brought them their first off-market deal. This first deal alone netted them $105,000. Yes, you read that right, six-figures on ONE wholesale deal. This wasn?t enough for Cole, he knew he had to get back out there and work on getting his next deal.
Cole?s small business grew to a small empire, but over time this pushed him into a massive burn out. He had to make some BIG changes in his business, many of which even business veterans wouldn?t be comfortable doing.
Now he?s here with us on the podcast, talking through his lean team, his deals, his systems, and how new wholesalers can start getting deals. Cole even throws in the script he uses to get wholesale deals over the phone, so if you?re thinking about getting off-market deals or starting your wholesaling journey, this is the episode for you!
In This Episode We Cover:How wholesaling and off-market deals can net big profitsWhy you need to be consistent when cold calling The script that Cole uses to get off-market and wholesale dealsHow to scale your business (and prevent massive burnout)Growing slowly to scale, instead of fast and crashingThe types of lists that Cole and his team pullKeeping the flow of communication open between you and your partnersTaking action instead of just taking in informationAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets Podcast 443: 10 Ways to Learn Anything Faster with Jim KwikBiggerPockets Podcast 403: Developing a Millionaire?s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason DreesBiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!)BiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl YarberBiggerPockets Podcast 394: Making a 25 Deal/Year Business (and Marriage) Work? Together! with Elliot and Chrissy SmithBiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan
Check the full show notes here: http://biggerpockets.com/show444
During childhood, Jim Kwik experienced a traumatic brain injury. As a result, he lacked focus in school, wasn?t able to read properly, and at one point, a teacher told him that he had a ?broken brain?. So how did a kid with a ?broken brain? become the leading mental coach for athletes, CEOs, and movie stars? Simple: Jim looked into how to learn instead of what to learn. Soon enough, Jim was reading faster, memorizing with higher accuracy, and doing well in school.
His friends asked him for some tips so they could improve their grades as well. With some success in his inner circle, he decided to make a flyer for speed reading and memory improvement classes. He put up the flyer at his college hoping one or two people would show up to his impromptu class. Over 100 students showed up, of which 71 signed up for a full course with Jim. After that, Jim knew it was his life mission to help those who wanted to learn, memorize, and live better.
So why is it so hard for some people to memorize things? We forget details all the time, whether it be names, addresses, phone numbers, or other important information. Jim goes through a simple method to memorizing any piece of information, called the M.O.M system. He also outlines 10 tips for a limitless brain, many of which you can implement soon after you finish this episode!
Even something as simple as reading slightly faster can allow you to save weeks worth of time each year. So if you?ve been beating yourself up over forgetting that one seller?s name, check out Jim Kwik?s podcast and his new book Limitless. As Jim puts it, increasing your memory and reading power not only adds years to your life, but life to your years!
In This Episode We Cover:How Jim recovered from a traumatic brain injury as a childWhy school teaches us what to learn, but not how to learnIncreasing your reading speed so you can finish tasks fasterHow to remember important things like names, addresses, and phone numbersThe 3 keys to a better memoryThe 10 tips for a limitless brain (including diet, exercise, and learning)How to learn anything faster (no matter what it is!)And SO Much More!
Links from the ShowBiggerPockets PodcastBiggerPockets book storeJim Kwik?s podcastLimitless by Jim Kwik
Click here to check the full show notes: https://www.biggerpockets.com/show443
Hearing Bryce Stewart?s story may sound familiar to long-time BiggerPockets Podcast listeners. That?s because Bryce was on Episode 276 where he gave the great metaphor ?vacuuming out the truck? relating to real estate investments.
Bryce is back to talk about being a great mentor/mentee, what every contractor needs before working on a rental, how to go from active to passive real estate ownership, and his new book House-Hacker?s Guide To The Galaxy.
Bryce understands what it?s like to be a new investor. Every step seems hard, the end result seems almost impossible, so where do you even start? Simply, take a step forward, no matter how small it is. Even just starting to save a few hundred bucks a month can be your first step towards becoming a real estate investor.
As time goes on, these small steps become giant leaps, and what seemed impossible at first, can now be doubled since you have the know-how. Bryce takes us back to a time where he didn?t know how to get his property taxes lowered, but through very incremental steps was able to make a case and save himself thousands of dollars in the long run.
Looking for a mentor? Stick around to hear Bryce?s top piece of advice for any new real estate investor. This simple tactic can help beginner investors know more about what they?re getting into and also show the mentor they?re serious about their new interest.
In This Episode We Cover:Why small steps can lead to massive leaps in real estate investingHow to go from an active to a passive investorWhy newbies should know what collateral is and how it affects their loansWhat every contractor needs to have before they work with BryceA specialized and creative new BRRRR strategyWhat you can do to get your foot in the door as a real estate investorAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreBiggerPockets Podcast 276: Early Retirement ($10k/Month) by Age 35 with Bryce StewartBiggerPockets WebinarsDocusignDotloopM1 MastermindYNABZillowThe Crown (Netflix)Young Life
Check the full show notes here: http://biggerpockets.com/show442
When most people think of professional athletes, they usually think of superstars being paid millions every month (or even every week). Most people don?t come to realize that for everyone on an NFL team, that pay grade isn?t as high. That too, is what Hakeem Valles found out after being signed on by the Cardinals.
Hakeem wasn?t making a lot, and realized that he was essentially throwing away $2,000 a month on rent. After one season with the team, he decided to go on BiggerPockets and ask around for agents and leads in the area. Hakeem ended up with a LOT of responses and found a great agent who helped him close on a fourplex, which he house hacked while practicing with the team.
It?s hard enough to house hack when your tenants know you?re the owner, but it can be even harder when your tenants know you?re an NFL player. Hakeem?s advice: be a tenant of your own property and don?t let the other tenants know that you own the place. Doing this can help reduce some awkward encounters you may have.
After retiring, Hakeem went on to do bigger real estate deals and partnered up on a 40 acre farm! He also owns Perspective Global Media, where he counsels other real estate professionals on how to grow their reach through social media platforms like TikTok and LinkedIn. Hakeem drops some gems towards the end of this episode on how you too can use TikTok to gain followers, clients, and partners!
In This Episode We Cover:Why even professional athletes need to have multiple streams of incomeHow a shocking event in Hakeem?s life changed his outlook foreverFighting income creep and keeping expenses lowWhen renting does and doesn?t make sense for your financial situationThe biggest mistake Hakeem made when living in his fourplexHow to fight the fear of getting into real estate (and making mistakes)Using social media to leverage your personal brand and grow followers and clientsAnd So Much More!
Links from the ShowBiggerPockets PodcastBiggerPockets book store
Books Mentioned in this Show:Rental Property Investing by Brandon TurnerThe Go-Giver by Bob burgThe 1 Thing by Gary Keller
Click here to check the full show notes: https://www.biggerpockets.com/show441
Believe it or not, TikTok isn?t just teenagers doing dances; there are actually some pretty influential investors on the platform. Meet Daniel Iles, a TikTok and Youtube creator who bought a staggering $1,000,000 in real estate during his first year of investing. Daniel was able to amass this serious sum of real estate while only putting $23,000 down. Now that?s impressive!
Due to an aggressive goal of reading 60 books a year, Daniel picked up a book that many of our listeners have heard of, Investing in Real Estate with No (and Low) Money Down from our very own Brandon Turner. This unlocked the potential of investing in real estate for Daniel. He took advantage of FHA loans, using equity as down payments, and building his credit to get loans from small credit unions and banks.
Daniel now owns 9 units and a combined valuation of almost $1,500,000, still with almost no money down. Daniel stresses that his success comes from systems. Whether it?s systems about credit cards, loans, tenant management, deal analyzing, or anything else related to real estate investing, systems are the key to keeping your sanity when things go wrong.
He also has some tips for new investors trying to acquire a lot of real estate, in a small amount of time. Creating these systems for scaling will allow you to make smart decisions and invest in a way that doesn?t push you to burn out.
In This Episode We Cover:Using TikTok as a creator, not a consumer, to connect with influential investorsHow Alaska real estate compares to continental United States real estateSecuring houses with low or no money downUsing equity in a house as the down paymentWhy small banks and credit unions may be more flexible when funding dealsWhat Daniel looks for in his rental propertiesTenant management systems for simpler investingAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreTikTokBiggerPockets Podcast 407: Buying 100+ Houses/Year in 4 Hours/Week Using Teams, Traction, and (Get this?) TikTok with Ryan PinedaZillowRealtorCraigslistTenantCloudTim Ferriss
Check the full show notes here: http://biggerpockets.com/show440
Last week?s show with Marie Forleo was so good that Brandon and David are back with a special guest, BiggerPockets? senior producer Kevin Leahy, to unpack all the wisdom from the ?figureoutable? show.
Kevin learnt about Marie Forleo though his wife suggesting he take some of her advice when transitioning into his current position at BiggerPockets. A simple trick from Marie helped Kevin make some big decisions: see if your body expands or contracts when you think about two different options. This trick, along with her insight on writing your options down in order to take a step back from your situation, has helped Kevin make some hard decisions.
If you listened to last week?s show, you?ll remember that Marie touched on how important marketing is in any industry. Whether you?re a real estate agent, a buy and hold investor, or a flipper, you have to be marketing to get clients, deals, and even employees. How are you differentiating yourself in the market, and what can you do to be ?that guy? or ?that girl? in your specific industry?
You?ll also hear a special tip on how Kevin lost a deal to another buyer, and the exact tactic that the other buyer used to get the property under contract. Kevin goes through why this is such a great tactic for making sellers comfortable and how you can deploy it in your future deals as well.
In This Episode We Cover:How to stop trying to force square pegs into round holesThe importance of taking a step back when assessing the situationHarnessing intense emotions to make a better game planWhy every business person NEEDS marketing in their industryHow to differentiate yourself within a marketStanding out to sellers to get more deals underwayAnd So Much More!
Links from the ShowBiggerPockets PodcastBiggerPockets book storeBiggerPockets Podcast 437: How Your ?Worst Case Scenario? Can Set You Free From a Job You Hate with Marie Forleo
Click here to check the full show notes: https://www.biggerpockets.com/show439
Anson Young?s voice may sound familiar to you, that?s because he?s been on the podcast four times! Every time he?s back we learn something new, and today, Anson is talking about how to find and fund great deals, regardless of your schedule, or budget. You don?t need to be a full-time real estate professional to find great deals, just be sure to follow Anson?s advice.
If you haven?t heard Anson?s prior episodes, here?s a recap. Anson has touched on almost every aspect of real estate investing. He flips, he wholesales, and he sells houses as an agent, meaning he has a huge amount of knowledge to share to BiggerPockets listeners. On average, Anson is doing 12-15 flips a year, 10 wholesale deals a year, and a dozen or so sales a year as an agent.
Anson has some great advice on finding off-market (and on-market) deals that include driving for dollars, door knocking, and list building. He also shares how to build a profitable list, what neighborhoods to look into for deals, and how to specify what type of home you?re trying to get depending on your goals.
If you?ve been trying to get your foot in the door to real estate investing, Anson shares why many people have trouble at the start. It all comes down to consistency. If you?re new, it may be fun at first to start driving for dollars, but are you doing it consistently? Do you have an accountability partner that can hold you to a high standard to get the work done? Are you systematizing your leads or trying to juggle them all in your head?
We also talk about Anson?s fantastic book Finding and Funding Great Deals, where you can find everything you need to find and fund your next real estate deal. We?re also happy to announce the BiggerPockets Book Club, where you can hear from Anson live and ask him questions about his deals, his book, and his portfolio!
In This Episode We Cover:How to find profitable deals in hot markets Determining your goals and aligning them to your investor strategy What to do if you struggle with consistency in real estate investingHow to analyze not only your deals but your market as a wholeWhat to look for in niche lists when prospecting off-market dealsHiring out jobs to get your lead funnel filledHow to have your letter stand out when doing direct mail marketingAnd SO much more!
Links from the ShowBiggerPockets ForumsDavid's InstagramBrandon's InstagramBiggerPockets Book ClubBiggerPockets Podcast 034: Virtual Real Estate Investing and How to Find Great Deals in a Hot Market with Anson YoungBiggerPockets Podcast 096: Finding Deals, Wholesaling and House Flipping in a Hot Market With Anson YoungBiggerPockets Podcast 235: How to Find and Fund Real Estate Deals with Anson YoungBiggerPockets Podcast 328: How to Laser-Focus on the Wildly Important With Author Chris McChesneyZillowRedfinOfficial BiggerPockets Facebook GroupWhitepagesBiggerPockets Podcast 012 : Wholesaling and Marketing with Sharon VornholtListSourceBiggerPockets Podcast 437: How Your ?Worst Case Scenario? Can Set You Free From a Job You Hate with Marie ForleoBiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!)
Check the full show notes here: http://biggerpockets.com/show438
Marie Forleo, world class coach, marketer, and author, grew up with a mother that did everything. Whether it was retiling the bathroom, fixing a leak in the roof, or performing electrical engineering on small appliances, her mother seemed to be able to figure out almost anything. One day she told Marie ?everything is figureoutable?, which became the mantra for her career.
Fast forward a decade or so, Marie is working on the floor of the New York Stock Exchange, surrounded by the mega rich. She was stressed out and felt that she wasn?t in the right place. After a prayer and a cry, Marie knew she needed to get out from a job that was slowly killing her. She made the jump and went after coaching, without any experience, money, or clients.
Before she left her job she asked herself, ?what is the worst case scenario if I leave?. She calculated it out, wrote it down, and realized, the worst case scenario really wasn?t all that bad.
Marie strongly believes that although you can be a victim of circumstances, you should never victimize yourself and tell yourself that you ?can?t? do something. Everyone has the ability to reach their full potential, but once you start putting up excuses, it?s hard to get there.
?Feel the fear?, that?s what Marie told herself in those trying times, and continues to tell herself and her clients that everyday. As she puts it ?Fear is really trying to tell you to move towards something?. As real estate investors, this is something we can all relate to, but often don?t put into practice. Well, now's the time to!
In This Episode We Cover:The 3 rules of ?everything is figureoutable?The power of neuroscience and how you can use it to shape your behaviorHow would you behave if you were the best in the world at your job?Changing your limiting beliefs to reach something greaterKnowing when to leave a bad job and having a plan for the worst case scenarioFeeling the fear and running towards things that scare youPulling yourself out of the victim trap (even if you are a victim)And So Much More!
Links from the ShowBiggerPockets PodcastBiggerPockets book storeEverything is Figureoutable WebsiteMarie's B School
Click here to check the full show notes: https://www.biggerpockets.com/show437
There?s a limiting belief that many people have: ?I can?t do this thing because I have no experience?. Jamie Gruber disagreed with this line of thinking. Even with no multifamily experience, Jamie decided he wanted to be a multifamily investor. So what did he do? He started the Multifamily and More meetup to network with existing multifamily investors.
This didn?t mean that Jamie had no experience in real estate, he had a small portfolio of single family homes that he started to landlord by accident. Even with no experience in the multifamily space he was interested in, he was able to secure a deal with a member of his network.
Now with 21 chapters and 10,000+ members, Multifamily and More has become a big part of the multifamily investing community. It grew because, as Jamie describes, he added value, stayed consistent with meetings and postings, and built an online community that could network and interact (even during COVID).
Jamie gives his tips on starting a lasting community, how to navigate meetups during COVID lockdowns, finding the best partners for multifamily deals, and the importance of cash reserves when buying a property. Many single family investors want to transition to multifamily, if you?re part of that demographic, join Multifamily and More!
In This Episode We Cover:Turning your primary residence into a profitable investment instead of sellingThe importance of having cash reserves available when doing dealsHow to break through single family investing and start growing a multifamily portfolioWhat a business partner needs to see in you before they can offer you deals, money, or experienceThe difference between financing residential deals and financing multifamily dealsWhy you need to have a good operating agreement when partnering on dealsAnd SO much more!
Links from the ShowBiggerPockets ForumsDavid's InstagramBrandon's InstagramBiggerPockets PodcastBiggerPockets Podcast 266: How We Used a Partnership to Buy 900 Units with Jake and GinoMeetup.comGobundance EmergeZoomBiggerPockets Podcast 226: From ?D-Student? to $400,000 in Annual Rental Property Cash Flow with David Osborn
Check the full show notes here: https://www.biggerpockets.com/show436
Scott McGillivray is back for this second part of his amazing interview. Last time we talked about the nitty gritty of Scott?s investments, how he started to acquire houses, and building his empire. Now we?re touching more on the mindset of what makes Scott so successful, and how you can put yourself in his shoes.
Many people may know Scott from his HGTV shows, but maybe you didn?t know he was once in a boy band. Seriously. He took dance classes, convinced his friends to join him, and sold out some shows, but the takeaway from this short-lived boy band was priceless. If you see someone else finding success with something, use their blazed trail to find success yourself.
From his boy band, to being on student council, and even the passing away of a loved one, Scott learned valuable lessonsthat he took with him for the rest of his life, and now gets to share with the BiggerPockets audience.
Scott goes on to share a story that made him pivot the direction of his life as a teenager, and lead him to become the real estate mogul he is today. Scott goes through his top pieces of advice for young people and proves how planting seeds for investments early leads to acres upon acres of residual fruits for decades to come.
In This Episode We Cover:How Scott manages his hectic life between companies, shows, and familyWhy successful people aren?t afraid of failingWhat young or inexperienced investors should do when they feel scared of taking a riskWhy Scott says you ?can?t lose money in real estate?The importance of talking to those who are older and have more experience than youScott?s top pieces of advice for young people just starting out their careersHow Scott runs his companies and what he?s doing to be a better leaderHow you can be the MVP of your company And So Much More!
Links from the ShowBiggerPockets PodcastBiggerPockets book store
Books Mentioned in this Show:E-Myth by Michael GerberBuilt to Sell by John Warrillow
Click here to check the full show notes: https://www.biggerpockets.com/show435
Do you like watching home improvement shows such as Income Property, Vacation House Rules, and Buyers Bootcamp? If so, you?re in luck! Joining us on the podcast is HGTV host Scott McGillivray! Scott has been hosting some of the best real estate investing and construction shows for over a decade now, and if you like BiggerPockets, you?ve probably seen an episode of one of Scott?s shows!
Scott?s investing career started long before his TV network deals. As a student in college, Scott accidentally stumbled upon his landlord?s mortgage statement of account. He realized that him and his roommates were paying a few hundred dollars over what their landlord was paying monthly for a mortgage. That was the lightbulb moment for Scott. It was time to get into real estate investing.
While in college with no job, very little money, and no experience, Scott bought a house and moved out of his rented room. Now he wanted more. Over the next few years Scott started amassing more and more rentals, taking as many financing options as he could get his hands on. By the time he was 25, he already had 25 units and a significant amount of profit coming in every year.
This only pushed Scott to strive for bigger and better deals. Now Scott owns hundreds of rentals, and spends his time between Florida and Canada, finding more deals, and fixing up more rentals.
Scott is a tried and true investor, one who has gone through different market swings, different fads, and many different tenants. While he?s only in his early 40s, he has amassed an extensive knowledge of the real estate space. It?s no surprise he?s one of Brandon?s real estate heroes!
If you liked this episode be sure to tune in this weekend for part 2 of Scott's interview!
In This Episode We Cover:When is the best time to get started in real estate?Why most people are scared to invest, and what pushes them to finally do itAmassing a small real estate empire even while you?re youngHow to take advantage of financing offers and how Scott closed on 8 houses in the same dayWhy you need to give your investing career time to start rollingWhat a ?double offer? is, and how you can use it to beat others to a dealWhy you should take action even when the market is uncertainThe ScottMc MethodAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets ShirtBiggerPockets PodcastIncome Property ShowGrant CardoneBrandon's Guesting in Scott's Podcast
Check the full show notes here: http://biggerpockets.com/show434
You may have heard a speech from Ed Mylett (AKA the greatest speaker of today) sometime before this episode, but maybe not like this. For those who don?t know, Ed Mylett is a renowned speaker, entrepreneur, real estate investor, author, and podcaster. He has started businesses worth millions and continues to teach entrepreneurs through his personal brand.
What many people don?t know is how much Ed loves real estate. That?s right, you heard it first on BiggerPockets! It?s not the speaking, writing, and podcasting, it?s owning cash flowing properties. As a matter of fact, he just closed on one recently with his son and did an astonishing $100 million in real estate deals in 2020.
Ed emphasizes the importance of faith, generosity, and most importantly, setting your life at a high standard. These seem to be the key thought processes that many other successful entrepreneurs have, and again proves Ed?s point on their importance.
It?s not easy being in real estate, especially when the deals get big (we?re talking $25M+ deals). Ed cautions young investors to not bite off more than they can chew, or as he puts it ?don?t take a loss where you can?t fight again?. In a world full of mega-leveraged investment opportunities, this might be the advice new investors need to feel confident going forward.
This episode also dives into the importance of having a purpose, whether related to faith or not, and how you need to chase the life you want, set your standards high, and do the most impactful things to accomplish them.
Links from the ShowBiggerPockets PodcastBiggerPockets book store#Maxout Your Life Website
Books Mentioned in this Show:#Maxout Your Life by Ed MylettE-Myth by Michael Gerber
Click here to check the full show notes: https://www.biggerpockets.com/show433
Everyone wants to be a millionaire, and if you?re listening to this episode, you probably want to be one as well! With so many online gurus trying to sell their secret to success, it can be hard to distinguish the real from the...not so real.
On this episode, we?re lucky enough to have two millionaires with us! Brandon Turner and David Greene! Brandon and David have compiled a list of 4 traits that all millionaires possess, and if you can possess these traits too, you?ll be on your path to millions. These millionaire traits aren?t just exemplified in Brandon and David, these traits tend to be universally consistent across self-made millionaires.
This episode will also touch on mastery and how you can not only achieve it, but refine it using the 4 stages of mastery. Stuck on a deal, don?t know where to go next in your career, thinking of jumping ship on a project? List down these 4 stages and see where you stand, you?ll be able to see what you need to do to go on to achieve greater mastery in whatever you?re interested in.
Since it?s the start of the year, it?s a great time to look forward with not only hope, but a plan. Take your existing plan and see where these traits and stages fit into your life, where you?re lacking, and where you can do better. This is how you?ll achieve success and the coveted millionaire status.
In This Episode We Cover:What sets apart millionaires from those chasing millionsThe 4 common traits of a millionaireDeveloping your crystal clear criteria for investing in real estateThe importance of raising standards over time to achieve moreWhy tracking your personal AND business life can merge to benefit your entire lifeThe 4 stages of mastery that will make you into a millionaireAnd SO much more!
Links from the ShowBiggerPockets ForumsRamit Sethi Will Teach You to Be Rich! ? BiggerPockets Money Podcast 73BiggerPockets Money Podcast 127: Planning for the Unexpected: Being Financially Ready to Take Advantage of Opportunities with Ramit SethiBiggerPockets Podcast 403: Developing a Millionaire?s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason DreesBiggerPockets CalculatorsBiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew CushmanBiggerPockets 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 Murray
Check the full show notes here: https://www.biggerpockets.com/show432
Your agent is calling you to show you houses, your boss is emailing you about some work to do, your partner wants to grab dinner, and you want to take a nap. How do you prioritize things in your life when everything seems so important? The key is essentialism.
Joining the podcast today is Greg McKeown, Author of Essentialism: The Disciplined Pursuit of Less. Greg relates to the struggle of many entrepreneurs and investors: too many options, not enough time. Instead of telling you to wake up at 5 AM, take a cold shower and work until 10PM, he presents a far more effective (and simple) approach.
What Greg suggests: pick the things you care most about, do them, and don?t worry about the rest. But how do you pick when everything seems essential?
The answer: almost everything else besides your core cares/needs aren?t essential. If you begin to treat the non-essential as essential, you stretch yourself too thin, not allowing you the time to accomplish what truly is...essential.
In the modern age, many of us feel like we don?t have time to accomplish everything we want. When we get laser-focused and put the principles of essentialism in our daily lives, we can accomplish more than ever.
In This Episode We Cover:What is essentialism?How to designate the non-essential from the essential tasksWhy having too many good options puts us in a dangerous positionHow to find out which tasks deserve delegation or deletionDeveloping the courage to say ?no?Finding an accountability partner so you?re locked in for successWhy Brandon wants to spend less time on TiktokAnd So Much More!
Links from the ShowBiggerPockets PodcastBiggerPockets book storeEssentialism book WebsiteStickK App. How to turn goals into a reality
Click here to check the full show notes: https://www.biggerpockets.com/show431
Another year of the BiggerPockets Real Estate Podcast is in the books! This time, we?re joined by co hosts, David and Brandon, live from the Sea Shed in Maui!
We?ve had such a fantastic group of guests this year, so to help ease into 2021, David and Brandon picked their 7 favorite clips from the whole year. You?ll hear from familiar faces like Tarl Yarber, Thach Nguyen, and other real estate rockstars.
This episode doesn?t just touch on real estate, we also go into how many real estate professionals made personal growth a priority when accomplishing their goals, all while enjoying their life more.
If you?re ready to expand your business, get more units under contract, or begin your first house hack, this advice will be crucial for your personal, business, and real estate success in the coming year. It has certainly helped out Brandon and David!
Thanks again for joining us this year, we look forward to interviewing even more amazing guests in 2021 (and beyond)!
In This Episode We Cover:Why certainty is often more expensive than riskWhy integrity in the present is worth so much more for your futureStaying focused on the long-term perspective for consistent successThe importance of peace of mind when investing in real estate (and other assets)Why you need to build a business around your life (not the other way around)How to commit even when you don?t have all the pieces neededWhy you always need to keep your expenses low (if you want to escape the rat race)And SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets Podcast 368: $3,500 per Month From One BRRRR Deal With Palak ShahBiggerPockets Business PodcastBiggerPockets Business Podcast 88: What?s Your Special ?Cut?? Why Brandon Turner and David Greene Doubled Down on Theirs in 2020BiggerPockets Podcast 375: Live Coronavirus Q&A: Resources, Tactics, and Mindset Shifts for Today?s Real Estate InvestorBiggerPockets Podcast 376: 12 Real Estate Rockstars Reveal Their No. 1 Tip for Surviving (& Thriving) Through a DownturnBiggerPockets Podcast 226: From ?D-Student? to $400,000 in Annual Rental Property Cash Flow with David OsbornBiggerPockets Podcast 201: Flipping 100+ ?Zombie? Houses with Justin StamperZombie House FlippingHustle & Persistence To Build Wealth Through Real Estate | BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David GreeneBiggerPockets Podcast 395: From Car Valet to $100k/Month? Seriously! with Thach NguyenBiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl YarberBiggerPockets Podcast 403: Developing a Millionaire?s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason DreesBiggerPockets Podcast 422: From W2-Job Single Mom to Flipping Real Estate Rockstar with Amanda YoungBiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin HardyBiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan SullivanBiggerPockets WebinarsBiggerPockets Podcast 385: Once Homeless, Now Investing in an Expensive Market (With No Money of His Own) With Greg GaudetBiggerPockets Podcast 393: Campus Maintenance Man to $10M in Real Estate Owned with Rick JarmanRick Jarman's Instagram
Check the full show notes here: https://www.biggerpockets.com/show430
How many times has something happened in life where we blamed someone besides ourselves for the outcome? Didn?t get a promotion: it?s your bosses fault for being greedy! Ran late to work: it?s all the other drivers faults, not yours! Investment property having problems: it?s the tenant doing all the damage!
Ryan Michler, founder of the Order of Man, sees this sort of victim mentality as a massive block to our full potential. He makes the well-put point that all we can do is control our effort, we can?t control others.
This realization didn?t come easy, though. Ryan realized this after a tough fight with his partner, leading him to reevaluate not only their relationship, but the way he shifted blame on others, in an unhealthy way.
Now Ryan interviews the men that he looks up to on his own podcast, all while running his organization/brotherhood of those part of the ?Order of Man?.
It?s not easy to stay humble and calm all the time, especially in the state of our current world, but Ryan does as good of a job as any to remind us all that our future is in our hands, and all we can do is try our best, consistently.
In This Episode We Cover:Why we all need to practice humility, ownership, responsibility, and sovereignty The importance of having a ?servant?s mindset? even as a business ownerHow to constantly add value to whatever you do in lifeWhy we should shift our focus to our efforts and not other?s effortsWhy having children makes you want to be better and push harderThe importance of owning and running a business, even at a young ageDropping the ?I? and using the ?We? when leading a teamWhy ?the win? is simply ?playing the game?And So Much More!
Links from the ShowBiggerPockets PodcastBiggerPockets book storeThe Intention JournalOrder Of Man Podcast
Click here to check the full show notes: https://www.biggerpockets.com/show429
Rodney Ross didn?t have the most gracious entrance to the real estate space. He bought a house while in college, with only $8,000 down and not a lot in the bank. The house ended up getting de-authorized for tenants to live in so Rodney had to go back on his loan. Game over right? Time to give up? Not for Rodney!
While finishing college, Rodney decided to take it a bit slower, getting his real estate agent license so he could build up the capital to buy rentals. He?s been an agent, a wholesaler, a general contractor, and a buy and hold investor. If it?s happening in real estate, Rodney probably knows about it!
Unlike many new (and even experienced) real estate investors, Rodney took the time to nurture leads, have meaningful conversations with sellers and buyers, and found that by having some basic empathy for the other party, you?re more likely to close deals.
This strategy seemed to have worked, in a decade since his first deal, Rodney now has around 20 cash flowing units, and he?s looking for more!
Using the 203k loan, Rodney has been able to get homes at a discount, finance the repairs, and get them rented and refinanced, kind of like a speciality BRRRR. This episode proves that if you care about real estate, care about your partners, and are willing to take risks, it will truly pay off.
In This Episode We Cover:How to get back up after a frustrating investmentHow knowing about construction timelines and projects can help you get comfortable enough to do your first rehabWhy mixed use properties are often an overlooked real estate classThe importance of defining your role with your partnerHow to talk to buyers so they?ll choose you over other offersWhy it?s so important to look out for the other real estate parties in a dealAnd SO much more!
Links from the ShowBiggerPockets ForumsDavid's InstagramBrandon's InstagramBiggerPockets PodcastBiggerPockets StoreKeller WilliamsWells Fargo
Check the full show notes here: http://biggerpockets.com/show428
We?re joined today by author, consultant, and entrepreneur Brian Moran, author of The 12 Week Year. Brian holds a view that many BiggerPockets listeners subscribe to: you are more capable than you think. Through short term sprints, Brian has found that we can all accomplish long-term goals, regardless of the difficulty.
This isn?t just a strategy that works for real estate, this works in any industry. Brian has consulted with every kind of business, and the results speak for themselves. Regardless of job type, business type, or industry type, the 12 week yearhelps you accomplish more by doubling down on what you need to do most.
Brian also talks about the danger of long term goal setting, and even annual goal setting. It isn?t that long term goal setting doesn?t work, it?s that it presents us with a long time frame to accomplish something we could do far quicker. That?s how the 12 week year kicks our ?unproductive mindset? to the curb, and gets us fired up to do great things sooner.
Many investors find it hard to break out of their comfort zone, do the things that they find hard, or even just feel motivated. The crucial part of finding success wherever you need it? Take action, start today, track, plan, and re-plan when needed. You?ll soon find that you?re fired up about things that used to seem scary!
In This Episode We Cover:What the ?12 Week Year? really isHow short term goal setting can help you accomplish your biggest goalsWhy you need to shift focus to executable tasks How to get tactical on your goals and what you can do to accomplish themLeaning into hard things and shying away from comfortThe importance of ?vision work? and knowing where you?re headedHolding yourself accountable for what you want most in lifeHow repetition forms competence and competence forms confidenceAnd So Much More!
Links from the ShowBiggerPockets PodcastBiggerPockets book storeReal Estate Investment CalculatorsBuy, Rehab, Rent, Refinance, Repeat by David GreeneThe House Hacking Strategy by Craig Curelop
Click here to check the full show notes: https://www.biggerpockets.com/show427
Many new investors find excuses for why they can?t buy properties. Either they don?t have the money, the deals, or the experience. Our guest today, Jon Wooten, had none of these three, but found a way to acquire 18 units (and become financially free) in only a few years.
By asking questions and sticking out to the local real estate investors, Jon was able to acquire valuable experience, all while gaining equity in his rental properties. Jon has his own method for finding deals and acquiring wealth, called the ?Sunflower Method?, which has helped him get to the point he is at.
Now, financially free at 28, Jon has the ability to choose whether he wants to work, which projects to go after, and how he wants to spend his time. This isn?t a far away goal that only the rich and well connected can get to, it?s available for all real estate investors!
You may be working a minimum wage job, stuck in a career you want out of, or have debt. Jon shows that all of these can?t stop you from acquiring wealth!
How do you find houses? How do you find a mentor? What?s the best way to find a quality handyman? How can you make sure a house is being inspected properly. All these questions and more are answered in this episode!
In This Episode We Cover:How to find a mentor AND get your first rentalWhy you should make it an effort to get to know your local real estate investors Why self-managing is a great way to gain experienceHow to get seller financing on a rental (and who to ask for it)Why you should call ?for rent? signsWhat the ?Sunflower Method? is and how it builds wealthThe best way to find a quality (and inexpensive) handyman Fake cash flow vs Pure cash flowHow to properly inspect a house before you make an offerAnd SO much more!
Links from the ShowBiggerPockets ForumsDavid's InstagramBrandon's InstagramBiggerPockets PodcastBiggerPockets StoreBiggerPockets Podcast 050: Getting Started and No Money Down House Flipping with Mike SimmonsBiggerPockets Podcast 200: A Step-by-Step Guide to Buying Your First Real Estate InvestmentBiggerPockets Podcast 180: 58 Deals by Age Twenty-Three with Devan McClishBiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan ?The Mercenary? MurdockOpen Door CapitalTony Robbins
Check the full show notes here: https://www.biggerpockets.com/show426
On last week?s episode, we talked to Dan Sullivan, author of Who Not How. This week, we?re joined by his co-author, Benjamin Hardy. Benjamin has spent the last few years getting his PhD in organizational psychology, writing books such as Personality Isn?t Permanent and Willpower Doesn?t Work. These tie perfectly into his new book Who Not How, and will help you get to the business, personal, fitness, or other goals you?re trying to reach.
Benjamin goes through why things like willpower and effort are often misunderstood, and how they can be used as tools to get you to your goals, but they aren?t the path. Benjamin walks us through why so many entrepreneurs get ?decision fatigue? and why situations often rule over people, not the other way around.
Benjamin presents a very unique view on shaping your future, one that isn?t often talked about in the self-help and business space. With many entrepreneurs feeling stressed, fatigued, or just confused, Benjamin?s advice offers not only a practical, but tangible way to accomplish what you want and do better in your business and personal life.
We also double down on the importance of hiring people who will make your life easier, not just for your sake, but for theirs as well. Plus, Benjamin shares one of the most important hires you can make that will help you clear hundreds of hours off your calendar.
This episode isn?t just about why you should hire an employee. It?s about how you designate your time, and ultimately your life. As Benjamin says ?Your future self is more important than your present self?, and for good reason!
In This Episode We Cover:Why willpower doesn?t work in the way many people think it doesWhy situations are often more powerful than peopleHow to remove ?decision fatigue? and stop it from plaguing your lifeHow to find the right ?who? for your organization and lifeDefining your crystal clear criteria for your future self and the roles of othersHow to be the right ?who? for someone else?s ?how?Applying behaviors so your identity can followFocusing more on getting your ?$10,000 tasks? doneAnd So Much More!
Links from the ShowBiggerPockets PodcastBiggerPockets book storeBenjamin's book: Willpower Doesn't Work
Click here to check the full show notes: https://www.biggerpockets.com/show425
We have a real estate and investing mastermind session in this episode of the BiggerPockets Real Estate podcast! J Scott, Amanda Han, & Matt MacFarland join David and Brandon to discuss what investors should do to maximize their wealth (and opportunities) in 2021.
Co-host David Greene goes over his new book SOLD: Every Real Estate Agent?s Guide to Building a Profitable Business, talking through who should (and shouldn?t) be an agent, what makes a great agent, how agents can maximize their income, and more!
J Scott talks heavily about how the election, stimulus packages, and new (proposed) tax codes could hurt (or help) real estate agents, and what you can do to ward off higher tax plans, loss of rent, or even inflation.
Amanda and Matt are our tax professionals on the show! They dive into which upcoming 2021 tax codes could affect you, whether you?re an agent, a real estate investor, or just a W2 worker!
This is a fantastic episode for any listener who wants to know more about how 2021 may shape our economic future. Thankfully, we have some of the best guests in the world to tell you about it!
In This Episode We Cover:Who should and shouldn?t become a real estate agentHow to offset earned income tax with real estate investmentsWhy you should buy David?s new book SOLD: Every Real Estate Agent?s Guide to Building a Profitable BusinessThe new opportunity of buying businesses in 2021How to hire your best workers (and why you may need to let some go)How 2020 taught us to keep our businesses leanWhat to do if 1031 exchanges go awayHow inflation may affect your wealth over the next 1-5 yearsWhy debt is a great inflation hedgeAnd SO much more!
Links from the ShowBiggerPockets ForumsDavid's InstagramBrandon's InstagramBiggerPockets PodcastBiggerPockets Bookstore 20% off code: podcastBiggerPockets Business Podcast 20: The Questions You MUST Ask Every Potential Hire with David GreeneBiggerPockets Business Podcast 18: How to ?Have It All? by Living with Intention with Brandon TurnerBiggerPockets Business PodcastBiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian MurrayBiggerPockets New Books!BiggerPockets Podcast 319: Avoid These Common Newbie Mistakes! Hard-Earned Lessons from Nathan BrooksPaying Off Student Loan Debt with a Median Income and Two Kids in Northern California with Kyle RenkeBring Brandon a DealBiggerPockets WebinarsBiggerPockets Facebook Page
Check the full show notes here: http://biggerpockets.com/show424
Has anyone ever told you ?you?re really good at that, you should make a business out of it?, if so, you may have inadvertently found your ?unique ability?.
Author and coach Dan Sullivan joins us to talk about the secrets of success behind the 20,000+ entrepreneurs he?s coached over the past few decades. If you?re finding it hard to scale up your business, hire on more staff, or get rid of the stuff you hate doing, Dan probably has an solution for you.
As someone who?s built a coaching empire AND been bankrupt twice, Dan knows a thing or two about what makes asuccessful enterprise, and what doesn?t. His key to success? Create a self-managing company, that allows you, the entrepreneur, to do what you really love.
Hate going through spreadsheets? Great, hire someone who loves it! Don?t like picking up the phone to talk to investors? Cool, get someone who likes to chat! Love giving presentations to prospective clients? Great, make it your main job!
Whether you have one employee or thousands of employees, Dan shows how simple it is to designate tasks, get the right person doing the right thing, and free up time for you and the whole team! The best way to hear Dan?s advice and grow your company? Listen to this episode!
In This Episode We Cover:Finding your ?unique ability? and using it to build a businessThe 4 freedoms of an entrepreneur (and why they?re so important)How to create a ?self-managing? companyWhy procrastination is a great toolWhy the future of business is reliant on teamsHow to hold a team together when building your businessWhether you?re a ?simplifier? or ?multiplier? entrepreneurHow not to get bogged down in an abundance of choice in the modern ageAnd So Much More!
Links from the ShowBiggerPockets PodcastBiggerPockets book storeStrategic Coach Website
Click here to check the full show notes: https://www.biggerpockets.com/show423
Amanda Young stumbled into real estate. After being let go from a job, dealing with a family emergency, and homeschooling her son, Amanda knew that she had to find a way to provide for her family, but also allow her to discover her hidden edge.
After finding BiggerPockets and joining a local REIA (real estate investors association), she decided to take the jump and buy her first rental. Now, in 2020, she has 7 rental properties and a flourishing flipping business, working with a partner that matches her energy.
Amanda found her localized niche by targeting owners of ?sinkhole homes? and offering them deals that not only made sense for the buyer, but were a steal for her. She then used creative financing (really creative) to get these homes under contract.
Amanda is the definition of someone who has grit, and is willing to work hard to earn their piece. She talks through Section 2 deals, 1031 exchanges, refinancing, and even how to ?COVID-Proof? your tenants, so when the next global emergency happens, you?ll be ready.
In This Episode We Cover:How to fight your analysis paralysis and get deals doneWhat probate deals are and how to find leadsWhy owner financing can be a win-win for buyers and sellersHow Amanda found a niche in ?sinkhole homes?Why it?s important to find a niche that others would run fromHow to ?COVID-Proof? your rental propertiesGetting ahead as a woman in a male-dominated industry (flipping)Empathizing with the seller so you?ll win negotiations (even with less money)And SO much more!
Links from the ShowBiggerPockets ForumsDavid's InstagramBrandon's InstagramBiggerPockets PodcastSinkholes: Swallowed Alive (Discovery Channel)BiggerPockets Podcast 412: Start Investing in Large Multifamily? How to Do it, and Why (or Why Not) with Ashley Wilson
Check the full show notes here: https://www.biggerpockets.com/show422
Many avid members of the BiggerPockets forum, listeners to the podcast, or readers of our articles may know our founder, Joshua Dorkin.
What you may not know is Joshua?s journey in founding, building, scaling, and finally leaving BiggerPockets. It was a hard decision for Joshua to leave, but thanks to his amazing team, he was able to (even during a time of tribulation in his personal life).
You?ll hear how Joshua was cranking out 100 hour weeks, working 7 straight days, for the first 6 years of BiggerPocket?s existence. He later transitioned to building a team, starting with the BiggerPocket Podcast?s very own host, Brandon Turner.
This later snowballed into more hirings, with the BiggerPockets growing faster and faster, and being able to scale larger and larger. Just at the time when things were starting to go from big to bigger, Joshua had to take time off to take care of his daughter?s medical emergency. This caused a shift in Joshua?s reality, so he dropped everything.
This keynote speech goes deep into what really matters most. It?s not money, it?s not success, but it?s something that matters even more: fulfillment and family.
In This Episode We Cover:The history of BiggerPockets and how it grew to what it is todayWhy ?knowing everything? usually means knowing nothingThe importance of hiring smart, capable peopleHow to listen to your body and mind, to find out what you need mostWhy you shouldn?t work 6 years straight with no time offWhy you need to do the ?Big Scary Thing?How life forces you to account for what matters mostWhy Joshua Dorkin has 3 dadsAnd So Much More!
Links from the ShowBiggerPockets PodcastBiggerPockets book store
Click here to check the full show notes: https://www.biggerpockets.com/show421
David Grabiner takes the term ?long distance investor? to the extreme. While he was a hospital administrator in the Democratic Republic of Congo, he was calling real estate agents in Chattanooga, Tennessee trying to scoop up multifamily deals.
David started out by partnering up with his father, buying a quadplex that helped him get his initial training in property management. He later scaled up his and his father?s investment portfolio to 24 units, and then, within 3 years, scaled up his own investments to 150+ units!
This meant that David had to quit his job and go full-time into real estate investing. He did it, and he isn?t looking back! Now David is a deal-finding machine, buying directly from listing agents and becoming one of the go-to multifamily investors in Chattanooga.
Whether you own one single family home, a dozen duplexes, or hundreds of apartment complexes, you?ll take something away from David?s in depth discussion on property management, landlording, and tenant screening.
In This Episode We Cover:Finding your ?unfair advantage? and how it can help your investing careerApproaching different investors with different points of viewThe importance of networking for off-market dealsWhy you shouldn?t be scared to be ?the owner?, and actually use it to market yourself to othersHow to find, screen, and keep tenants in placeHow you can quickly increase a property?s value (simply by being a great property manager)Finding the ?sweet spot? in multi-family dealsSetting up systems for automated property management (so you can scale!)And SO much more!
Links from the ShowBiggerPockets ForumsDavid's InstagramBrandon's InstagramBiggerPockets PodcastBuildiumCollegedale Credit UnionBiggerPockets Podcast 362: Big Goals? Here?s How to Get Your Spouse or Partner on Board with Jay and Wendy PapasanBiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris VossRent Manager
Check the full show notes here: https://www.biggerpockets.com/show420
Ever missed out on an important moment because you were staring at your phone, distracted by TV, or just zoning out? Nir Eyal, author of Indistractable, felt the same way when he missed an important moment with his daughter because he was locked in on his phone.
This spurred Nir?s curiosity on why people get distracted, what they?re getting distracted by, and how people can turn their distractions into the opposite: traction.
As a business owner, angel investor, Stanford lecturer, and father, Nir understands what it feels like to live a hectic life, but he also understands that most of the time, we ourselves are the ones making it hectic.
So what prompts us to take action? What prompts us to take inaction? How can we make ourselves do the things we need to do, with better results, and still have time for our children, relationships, hobbies, and even down time?
It?s all possible, and the key to a distraction-free life is even easier than you would think.
In This Episode We CoverWhy most people know their distractions, but not how to eliminate them Why we need to ?get out of our own way? to accomplish our goalsHow to find your ?traction? and use it to get aheadThe 4 steps to eliminate distraction Understanding your values and using them to schedule your timeHow to ?time box? your calendar and get your tasks doneLeaving the victim mentality behind and empowering yourself to do what?s importantThe 3 ?life domains? that we revolve around Why you need to prioritize consistency over intensity And So Much More!
Links from the ShowBiggerPockets PodcastIndistractable book?s WebsiteNir?s schedule maker toolArticle ?Why schedules are better than to-do lists?Brandon?s InstagramDavid?s Instagram
Books Mentioned in this ShowHooked by Nir EyalIndistractable by Nir Eyal
Connect with Nir:Nir's website
Alex Camacho has had quite an interesting career path, and he?s just getting started! From a bank teller, to the mortgage business, to property management, and even Airbnb arbitraging, Alex took his time in acquiring the skills to succeed in real estate.
In this episode, you?ll hear Alex talk about how he became successful at locking down deals, finding the ?pain points? of sellers, and how to have empathy when closing. You?ll also hear how he analyzed over 5,000+ deals, leading him at one point to close on 8 deals in one month (seriously!)
You?ll hear Alex go through his off and on-market strategies, and how to steer clear of deals that won?t make the cut. In just 16 months on his own, he?s done 14 deals, some with six-figure profits (each), and how he?s using social media to get even more!
In This Episode We Cover:The importance of apprenticeships in real estateThe art of saying ?no? as you grow into your roleWhy it?s crucial to surround yourself with high-level investors and entrepreneursHow to get great at analyzing deals, so you can close on the best ones!Using the ?LAPS? funnel to drive leads and grow your portfolioFinding the ?pain points? sellers have, and how to empathize with themUsing social media as a tool, instead of a distractionAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets Keyword AlertsBiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert GreeneBiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl YarberBiggerPockets WebinarsBiggerPockets CalculatorsBiggerPockets ProBiggerPockets Podcast 320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany ArnasonBiggerPockets Podcast 292: 200+ Deals in the First Four Years with Ryan Pineda
Check full show notes here: http://biggerpockets.com/show418
Are you a new or aspiring real estate investor who hasn?t locked down your first deal? Or maybe you haven?t hit your personal goal or unit count yet. If so, you may need to tweak your mindset to reach new heights.
Brandon and David are back flying solo on this weekend?s episode to talk about the 9 mindset changes that make successful real estate investors, well, successful! You?ll hear them dive deep into each mindset change, with examples from their investing careers, and how they made the leap to change their mindsets for the better.
If you?re looking to cultivate a healthier relationship with real estate investing for the better, this is an excellent episode to take some notes!
Whether you?re brand new to investing or just looking to level-up your current portfolio, you?ll take away some important lessons on this weekend?s episode.
In This Episode We Cover:Why many new investors haven?t done their first (or second) deal yetUnderstanding the cost of inaction (and how it can work against you)Focusing on the big picture without being bogged down with detailsBuilding your investment criteria to know what you wantTurning ?base hits? into ?home runs??Running towards hard? and taking responsibility for doing the workThinking outside the box, regardless of your career, investor level, or experienceGathering experience and keeping the momentum goingUsing off-market techniques to get on-market deals (and vice versa!)Letting go of expectations for your dealsAnd SO much more!
Links from the ShowBiggerPockets PodcastBiggerPockets Podcast 413: Matthew McConaughey on Vision, Preparation, and Balancing Ambition with Family & Freedom
Click here to check the full show notes: https://www.biggerpockets.com/show417
Many investors look at commercial real estate as a high-risk, confusing, and sometimes scary way to invest. Our guest today shows us why this isn?t the case. In fact, he did a multi-million dollar deal in his first year in real estate!
Minnesota-based health care professional Matt Onofrio helps us break down the stigma behind big commercial deals. From financing, taxes, mentorships, and more, Matt shows how someone from a completely different field can thrive in real estate... even with no prior knowledge of the space.
You may want to bring a notepad and pen, as Matt walks us through advanced strategies such as reverse 1031 exchanges, seller carrying, cost segregations, and triple net leases. Whether you?re looking into commercial or residential real estate, this is a can?t-miss episode.
In This Episode We Cover:Locking up your first deal with $0 How commercial real estate can not only be profitable, but safer than residentialThe importance of your inner investor/mentor circleWhether residential or commercial real estate works for your mindsetOffensive vs. Defensive real estate strategiesCreating income producing debtBuilding your ?vivid vision?How coaching can take you from good to great What spirit animal David, Brandon, and Matt areAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets Podcast 403: Developing a Millionaire?s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason DreesBiggerPockets Podcast 209: Flipping 83 Homes in the Last 18 Months with Kevin CarrollGoBundanceBiggerPockets Podcast 352: No Driver?s License, No Money, No Excuses: How Diego Corzo Blazed a Trail to 18 DoorsBiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
Check the full show notes here: http://biggerpockets.com/show416
Ever wanted to know how Mark Cuban, Richard Branson, and Warren Buffett seem to invest with ease? Or how you can leverage and measure your risk to make billionaire financial decisions?
On this episode, Stig Brodersen ? investor, teacher, and host of the popular We Study Billionaires podcast ? brings you his distilled wisdom on success, mindset, the stock market, and the 3 universal traits shared by ultra-elite investors (and no, they don?t include flying first class or eating copious amounts of caviar).
Early on in his story, Stig found himself dissatisfied with his job and needing a change. So, he did what any rational person would do, and began studying billionaires starting from the top of the Forbes 400 list. He didn?t get far before he ?found his fire,? discovering passion and community in studying the stock market and the most heralded investor of all time: Warren Buffett.
He has since interviewed hundreds of guests on his podcast, and unearthed countless pearls of wisdom that he shares with you in this episode.
You might be thinking: ?They?re interviewing a stock market investor on a real estate podcast?? Yes, and any real estate investor could learn a thing or two!
As a practiced student of the financial markets, Stig calls out all-too-common mistakes made by new investors, and shares a blueprint for you to use to determine if and how to get started in the markets, regardless of experience.
In This Episode We Cover:The 3 timeless traits of billionairesWhy real estate investors should ?cross-train? in the stock marketAssessing best- and worst-case scenariosWhy you need to "resonate" with your chosen asset classWhy real estate is an asymmetric bet with high reward for relatively small riskHow to get into investing in the stock market with little-to-no experienceCommon mistakes of new stock market investorsHow a BiggerPockets member saved Stig's life on an overseas trip (really!)
Links from the ShowBiggerPockets PodcastThe Investor's Podcast Network's list of best investing podcastsThe Investor Podcast Network
Click here to check the full show notes: https://www.biggerpockets.com/show415
The harder the problem, the bigger the reward... and real estate developers who can solve affordable housing problems can do very, very well.
Enter today's guest, Evan Holladay, who reached 1,300 units before the age of 30 through a combination of focus, relationship-building, and a deep understanding of the rules of the game.
In this high-level episode, you'll learn how Evan and his team apply creative financing techniques to multimillion dollar projects; how they takes advantage of tax credits and grants and put together public-private partnerships; and why patience and persistence can lead to huge profits in the development game.
Whether you plan on getting into bigger deals in the future or not (Evan wants 100,000 units!), this episode will inspire you to start thinking like a big-time investor, strategist, and leader.
In This Episode We Cover:Listening to "what fires you up" when getting startedEvan's apprenticeship for a student housing developerWhat a public-private partnership isUsing tax credits to make a profit building affordable housingHow he creatively finances big multifamily dealsHow he manages riskWhy ?it?s more valuable to control real estate than to own real estate?Why development is such a big opportunity in markets where "it's too expensive to invest where I live!"And SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets ShirtHow to Invest In Real Estate With Only $1,000!?BiggerPockets Podcast 353: Turning $5K Into $5K/Month and Retiring at 40 with Tim RhodeLoopNet
Check the full show notes here: http://biggerpockets.com/show414
You, BiggerPockets listener, may have more in common with Matthew McConaughey than first realized...
Changing careers. Wondering how family life fits in with a hard-driving work ethic. Embracing spontaneity, but learning that success comes from making the choice today to "be kind to your future self."
The Oscar-winning actor covers those topics and more in our chat today. A lifelong journaler, McConaughey is in a reflective mood after writing his first book, Greenlights... which is filled with unforgettable stories about growing up the son of Texas an oil pipe "peddler," stumbling into acting after a night drinking with the producer of Dazed and Confused, getting arrested for playing the bongo drums in the nude, and his mid-career shift toward intense, challenging projectslike Dallas Buyers Club.
If you're thinking "nah, this episode won't teach me how to house hack"... fair enough. But give it a chance and see if you aren't entertained. It's a soulful, positive, not-at-all-Hollywood conversation about choices, happiness, and success. Here's to catching more greenlights!
In This Episode We Cover:Matthew's upbringing and lessons learned from his parentsHis decision to reject law school to pursue filmHis dad's 3 words of advice on choosing a careerForming your personal identity through a process of eliminationHow he prepares for intense rolesThe power of solo travelHis faithHis beliefs about money and philanthropyThe give-and-take between career and family life
Links from the ShowBiggerPockets PodcastGreenlights book's website
Click here to get the full show notes: https://www.biggerpockets.com/show413
Ashley "BadAsh" Wilson is back today to discuss how she's shifted strategies since her popular first appearance on the show two years ago.
Today's topics: Jumping from house flipping and short-term rentals into large multifamily; finding and using your unique ability when getting started; and how women can (and should!) use real estate investing to secure financial independence.
Want to know how many offers it takes to land a 150-unit apartment building in Houston? Interested in multifamily, but unsure where to start? You'll get answers in this show ? and in the multifamily "tip sheet" she prepared just for our audience (download it below).
If you are a woman who's determined to get into real estate investing ? or if you think your wife, mother, sister, or daughter would benefit from hearing Ashley's story ? pick up a copy of her new book, The Only Woman in the Room: Knowledge and Inspiration from 20 Women Real Estate Investors today!
In This Episode We Cover:How Ashley made the jump from flipping and rental houses to large multifamily investingHer #1 tip for anyone who wants to get into multifamilyHow she acquired a 150-unit apartment building in HoustonWhat a "Letter of Intent" (LOI) isLooking at 200 deals just to buy one (!)Using "the stack" method vs. multifamily syndicationHow she became an expert in construction managementWhy she wrote a book about being "the only woman in the room"Why it's worth visualizing your perfect day when you start building your businessAnd SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets PodcastBiggerPocketsBuilding a Six-Figure Family Real Estate Business with Ashley WilsonRoadmap for Scaling to Large MultifamilyBiggerPockets BlogOpen Door CapitalJ Scott of BiggerPockets Business PodcastMid Atlantic Summit by Dave Van HornThe Real Estate InvestherInvestorGirl Brit InstagramBiggerPockets Podcast 320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany Arnason
Check the full show notes here: http://biggerpockets.com/show412
Have you ever bought a whiteboard or a journal and thought, this is it... This is the moment when I REALLY commit to goal-setting... and then (as it tends to do) life just kind of gets in the way?
This episode is about rethinking your approach to goals ? and to do this, we've brought in an expert on managing your time and mental energy like a billionaire: Geoff Woods, VP of The One Thing and facilitator of their upcoming virtual goal-setting retreat
Today, Geoff shares the blueprint that high-performing couples, teams, and individuals use 1) cast a shared vision of the future 2) work backwards to map out important steps, and 3) regularly recalibrate and track progress. Plus, we put this to the test, live!
About halfway through the episode, you'll meet Matt and Melissa Miller ? married parents of 3 who own 7 units but are struggling to define their exact vision... and the action plan required to realize it. Geoff leads them through a goal-setting exercise live, and the result is inspiring and surprisingly emotional. #MarriageGoals - literally!
Whether you're looking to get on the same page as a spouse, business partner, or just chart out a clearer path for yourself... you'll get a ton of value out of this episode. Let us know what you think of it, and use the link below if you're interested in joining Geoff (and Brandon and Heather Turner!) at the retreat next month.
In This Episode We Cover:How billionaires set goalsWhat to do when your spouse or partner is not a natural goal-setterHow to have an ongoing relationship with your goalsA live goal-setting exercise with a real estate investor couple, Matt and MelissaDefining whose lane is whose when running a business with your spouse or partnerWhat happens at a goal-setting retreatGeoff's personal story of leaving medical sales to work with Gary Keller and Jay Papasan
Links from the ShowBiggerPockets PodcastVirtual goal-setting retreatThe 1 thing WebsiteThe 1 thing podcast
Click here to check the full show notes: http://biggerpockets.com/show411
What does it take to pull off a home run real estate deal?
Today, we put that question to Ken Corsini, HGTV star and author of Profit Like the Pros: The Best Real Estate Deals That Shaped Expert Investors.
Ken spoke to a diverse group of 25 investors about their very best deals, and in this episode he breaks down the common threads that run through each of those stories.
You'll also hear Ken's tips for building your own personal brand in your market, and how he used his "Flip or Flop Atlanta" fame to build a brokerage and mortgage company.
Throughout this episode, Ken points you to individual investors in the BiggerPockets community; be sure to check out their BP profiles to learn more... and pick up a copy of the Profit Like the Pros in the BiggerPockets store today.
Every format includes a bunch of great bonus materials, including a breakdown of 22 investors' worst deals ? so you can avoid the same mistakes.
In This Episode We Cover:How personal connections often lead to home run dealsHoning in on a specific niche and building expert knowledgeHow one deal can change the trajectory of your careerKen, David, and Brandon's personal best/favorite dealsCommon traits of the worst deals featured in Ken's bookHow Ken built a personal brand, then spun it into different businessesHow he controls each aspect of his real estate transactions (title, lending, etc.)And SO much more!
Links from the ShowBiggerPockets ForumsBiggerPockets PodcastBiggerPocketsFlip or Flop AtlantaBest Deal Ever (Youtube Series)BiggerPockets Podcast 339: 60,000 Tenants?! How Frank Rolfe Built a Mobile Home EmpireBiggerPockets Podcast 405: Investing in the Only True Recession-Proof Asset: Yourself! with Lewis HowesBiggerPockets Podcast 235: How to Find and Fund Real Estate Deals with Anson YoungBiggerPockets Podcast 401: Follow these Steps to Get People to Know, Like, and Trust You with Jordan HarbingerBiggerPockets Podcast 329: Financial Freedom Before 30 Through Just 10 Deals With Felipe MejiaSelf Storage Properties at Pennies on the Dollar with Stacy RossettiReal Estate Rookie Podcast
Check the full show notes here: https://www.biggerpockets.com/show410