“The wrong lease could cost you $15,000 or more.” That’s one lesson of many you’ll get today on this powerful episode of the BiggerPockets Podcast. In this show, we sit down with real estate investor and attorney Rob Oliver to learn how he went from helping other investors buy real estate to owning over 300 condo units while working full-time. In addition to his incredible story, you’ll also get keen insight into the world of real estate investing from the eyes of an attorney—without the $250 billable hour! You’ll learn the importance of a strong lease (and what happens if you don’t have one), as well as instructions on how to find a great attorney and get the most from the attorney for the least cost.
In This Episode We Cover:
- How Rob got started in real estate
- The journey from lawyer to investor
- How to find properties other investors aren’t looking for
- Why he invests in condos
- Tips for investing while working full-time
- Advice for those starting out in real estate investing
- The different hats he wears and what he does in his business
- How to grow a 100-unit portfolio
- What to do with nonpaying tenants
- How to find a great lawyer
- Why it’s OK to cancel a deal
- What his future looks like
- And SO much more!
Links from the Show
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- The Cashflow Quadrant by Robert Kiyosaki
- Jesse Livermore: World’s Greatest Stock Trader by Richard Smitten
Fire Round Questions
- Hey guys what are some of the clauses that you find extremely useful to have in your leases?
- Without starting from scratch, I’d love to see if anyone has an existing clause to a lease listing certain conditions that shall be adhered to by the tenant.
Tweetable Topics:
- “You don’t need to know everything before you get into a deal. There is actually time to research it.” (Tweet This!)
- “Each deal that you cancel, you learn something from it.” (Tweet This!)
Connect with Rob
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