Detailed
Compact
Art
Reverse
July 2, 2020
Are you tired of toiling in the trenches... and ready to run a business that cranks out profits without your constant involvement? That's what today's guest has managed to do! In this episode, Michigan-based investor Mike Simmons shares exactly how he went from moderate success to $1 million in annual profit. You'll learn why Mike switched gears from flipping to wholesaling real estate, what he's learned from spending hundreds of thousands of dollars on various marketing channels, and the four-point checklist you must use when considering any kind of partnership. Ultimately, expert marketing tactics are fine and well. But to scale, you've got to master leadership and hiring—topics Mike covers in great detail here and in his new book, Level Jumping. So pick up a copy (see link below), and share this episode with a friend, family member, or fellow investor who you think would enjoy it! In This Episode We Cover:Mike's remedy to cure a bad case of "analysis paralysis"Why he switched gears from flipping to wholesalingWhy wholesaling is NOT always a great thing for newbiesThe marketing channels Mike uses to do 100 deals per yearUltra-specific direct mail tips (from a guy who's sent hundreds of thousands of dollars of direct mail!)What most do wrong with direct mail marketingHow he made a $50K assignment fee and the key lesson he learnedHiring and managing transaction coordinatorsHiring his first salesperson on a "straight commission" pay structureUsing personality assessments like DISC and Kolbe when hiringWhy intelligence is not the most important predictor of success in real estate investingAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets PodcastBiggerPockets Podcast 050: Getting Started and No Money Down House Flipping with Mike SimmonsBiggerPockets InsightsBiggerPockets Insights Rent EstimatorGary Vaynerchuk's InstagramGary Vaynerchuk on Finding Deals Through Social Media & Crushing It as an EntrepreneurKOLBE Personality TestCheck the full show notes here: http://biggerpockets.com/show389
June 25, 2020
Do you dream of stepping back from the day to day and working on your business rather than in it? Of course you do! AJ Osborne has achieved that goal—and having experienced a harrowing health emergency that incapacitated him for months (see show 286), this Boise, Idaho, investor is ultra-qualified to discuss the value of documenting, delegating, and streamlining your real estate business so it can run without you. AJ owns and operates over 1 million square feet of self-storage. Today he breaks down the seven-step process he uses to improve operations, unlock hidden value, and scale fast. If you're thinking, "I don't do deals that big," rest assured: AJ reveals that he actually lost money on his very first deal but gained a ton of wisdom, which he's generous enough to share with us today—and which applies across the board. Plus, AJ shares a tip on financing deals that may totally change the way you think about growing your portfolio! Check him out, and pick up a copy of his book, The Investor's Guide to Growing Wealth in Self-Storage: How to Turn a Real Estate Asset into a Thriving Business.
June 18, 2020
On today's show: the massive impact of just a few flips and a few small multifamily rental properties. Starting in 2017, that combination allowed our guest Megan Greathouse to step aside from her W-2 job (her husband still works) and spend much more time with her two young kids... all while dedicating just 5 hours per month to self-managing her portfolio in St. Louis. Want to know how she did it? Megan spells it all out in this episode and provides the exact tools and templates she uses to maximize her efficiency—enabling her business to serve her and allowing more time for what really matters. Give Megan a follow, and share this episode with a friend, partner, spouse, or family member who you think might enjoy it! In This Episode We Cover:Starting out with a fourplexInvesting with a full-time job and kidsThe P.R.O.P. system for property managementHow Megan and her husband use the "2 in 5 Rule" to avoid capital gains taxesHow she uses real estate to create time freedom and hang out more with her kidsFlipping an old house near Washington University in St. LouisA BRRRR "fail" (contractor issues) that turned out OKLessons she learned in the militaryThe key to avoiding analysis paralysis: "Get to 80% and go!"Buying a 60-acre farm outside the cityAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreBiggerPockets PodcastLandlord Advisory PanelBiggerPockets EventsBiggerPockets MagazineBiggerPockets Money PodcastBiggerPockets Guide in Finding AgentsBiggerPockets BooksBiggerPockets WebinarsBiggerPockets Podcast 100: The 1st Deal, Management Drama, and the Birth of BiggerPockets with Joshua DorkinOpen Door Capital LLCRyan's BiggerPockets ProfileTenantCloudQuickBooksBoomerang for GmailSeth Mosley's Music and Money GroupBrandon's InstagramBiggerPockets ShirtScott TrenchCheck the full show notes here: http://biggerpockets.com/show387
June 12, 2020
Yesterday, Marcus Maloney showed us how he built his deal-finding machine. Today, he tells us how he's hanging onto it by making two big shifts in his business. When the pandemic hit, lenders got nervous... and that put a couple of Marcus' deals in danger. So did he give up? No! He tapped his own network of private lenders to provide financing to his end buyers—a win-win-win. Plus, Marcus tells us why he's shifted focus to the Midwest since we first spoke and how he worked out a deal with a "great tenant" who wound up unemployed and unable to pay rent. Wondering how to adjust your business to the new normal? Check out this episode, and subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next one. In This Episode We Cover:The problems Marcus ran into in mid-MarchHow he plugged the gap with private moneyDeveloping relationships with private lenders before you really need themWhy he's concentrating on a lower-priced marketHow he negotiated with a resident who could no longer afford rentAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets PodcastBiggerPockets Podcast 386: Starting Out With $200 and Investing for Profit AND Cash Flow With Marcus Maloney (Part 1, Pre-Coronavirus)BiggerPockets Podcast 352: No Driver’s License, No Money, No Excuses: How Diego Corzo Blazed a Trail to 18 DoorsBiggerPockets WebinarsBiggerPockets Radio Podcast 001: Building a Successful House Flipping Business and Losing Millions with Marty BoardmanBiggerPockets Podcast 382: No Money Down BRRRR Investing with Josiah Smelser (Part 1, Recorded Pre-Coronavirus)Check the full show notes here: http://biggerpockets.com/show386-5
June 11, 2020
From "bad drug dealer" in his youth... to earning a master's degree, then jumping into real estate at age 36 and crushing his first deal! Today, Marcus Maloney shares his wild ride in Part 1 of two episodes this week. This one was recorded before the coronavirus pandemic, so we don't discuss that topic. Tomorrow, we'll dive into how Marcus pivoted to keep doing deals in these trying times. In this episode, you'll learn how Marcus used just $200 to launch his career, how he acquired nine rental properties, and how he's completed dozens of local (Phoenix) and long-distance (Chicago) real estate transactions. He also discusses the strategies he's using to generate leads, how he builds trust with both sellers and buyers, and how he works with acquisition managers, who take a cut of the deals they bring him. Plus—the guys have a great conversation about performance coaching and why the thing that's holding you back probably isn't something you're going to fix at a real estate boot camp. Marcus was nice enough to take some time out from riding his Harley to share some of his hard-won wisdom, so say hello to him on the BiggerPockets Forums, where he's a frequent contributor. And don't forget to subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next show! In This Episode We Cover:How Marcus "flipped piglets" as a boyHow a rescinded job offer led to him to pursue real estateThe personal development he had to do to become a successful real estate investorDirect mail marketingClosing deals on the phoneAttracting partners by creating valuable contentWhy Marcus lives in Phoenix but buys rentals near ChicagoWhat separates successful "bird dogs" and wholesalers from those who give upAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreBiggerPockets PodcastBiggerPockets ReviewsSunTrustWells FargoGuild MortgageBuildiumRe-LeasedRent ManagerQuicken LoansCozyPerformance Coach Jason DreesPerformance Coach Phil TowleCheck the full show notes here: http://biggerpockets.com/show386
June 4, 2020
Flipping with no money down... in Hawaii? You heard that right. Greg Gaudet actually considers himself "risk-averse" and still holds a full-time job, but he's able to make nice chunks of change by hustling to find deals and managing rehabs for Brandon's team on Maui. Today, Greg walks us through his journey from "rock bottom," including bouts with addiction and homelessness, to living the life of his dreams, buying a Porsche cash, and owning a handful of properties free and clear. You'll learn the right way to approach investing in condos, how to bring value to a potential partner or mentor, how Greg manages risk by keeping his living expenses low, and the mindset shifts that allowed him to 1) get clean and 2) "get out of his own way" in the real estate business. This is truly one of the most powerful stories we've told on the BiggerPockets Real Estate Podcast, and it's guaranteed to get your wheels spinning!
May 29, 2020
After yesterday's deep dive interview discussing 2 disastrous flip projects, we have a solo show for you today. And the title says it all, really. Brandon and David boiled down nearly 400 podcast episodes, countless forum threads, books, and real-life conversations, and their own missteps and now present: the Top 10 Ways Real Estate Investors Lose Money. These aren't the only ways to go wrong in this business, but at some point you're in danger of falling into at least one of these traps. So, what did we miss? Let us know in the forums, the comments section on our show notes, or in the Official BiggerPockets Facebook Group. And be sure to subscribe to the BiggerPockets Real Estate Podcast so you won't miss an episode. In This Episode We Cover:Focus vs. spreading yourself too thinThe #1 way to lose money that you haven't thought ofManaging the people who manage your assetWhat David calls "Spreadsheet magic"Investing in areas with diverse employmentOver-renovating after watching too much HGTVInheriting tenants from a sellerEvaluating real estate agentsThe myth of "more money down = more safety"And SO much more!Links from the ShowBiggerPockets ForumsContractor Bid FormBiggerPockets Podcast 287: Putting Together Real Estate Deals Using Creativity Instead of Cash with Shiloh LundahlBiggerPockets CalculatorsBe a guest on the podcastJoe Rogan PodcastCheck the full show notes here: http://biggerpockets.com/show384-5
May 28, 2020
You can put a dollar number on the losses Spencer Cornelia took on his first two long-distance flips... but it's hard to quantify the value of the lessons he learned and is now passing on to you. We noticed Spencer's thread detailing his struggles in the BiggerPockets forums and invited him on the show; he bravely accepted. In this episode, you'll learn the pitfalls to watch out for when taking on heavy renovations (anywhere, but especially long-distance), how to ensure quality work is getting done, and the dangers of letting projects drag on when you're locked into expensive short-term financing. Plus, it's not a total downer... because Spencer's seeing a bunch of success with his new Youtube venture, and plans to continue investing in (less aggressively leveraged) real estate projects. Brandon and David add their own perspectives having made some similar errors in their careers, and tomorrow in Part 2 they'll break down the 10 Deadliest Mistakes Investors Make. New investors: heed the advice in these two shows! And as always: run your numbers conservatively, know your own risk tolerance, and run deals by trusted advisors before jumping in. In This Episode We Cover:What went wrong with Spencer's rehabsHow to ensure contractors are doing quality workIncentivizing team members and keeping them accountableHow much money he paid in interest and fees to his hard money lendersFunctional obsolescence and complications with older homesWhy you can't always trust an appraisal"Home buyer turnoffs" and why it's easy to miss themWhy Spencer sold and took a loss rather than choosing another exit strategyWhy he's not giving up on real estateHow you can "go broke buying good deals"And SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreBiggerPockets PodcastBiggerPockets CalculatorsFamous Four AnalysisBiggerPockets Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael GerberPace Morby's Youtube ChannelBiggerPockets Pro ReplayBiggerPockets WebinarsBiggerPockets Pro Check the full show notes here: http://biggerpockets.com/show384
May 21, 2020
Interested in someday making the leap to bigger investments? Don't miss this one! Ben Leybovich and Sam Grooms join us for a high-level conversation about how they transitioned from flips and smaller assets to 100-plus-unit, value-add multifamily deals. Since the first part of this show was recorded pre-coronavirus, we brought the guys back on to hear their thoughts on today's market and get an update on how their business is doing amid the volatility (spoiler: pretty well!). In This Episode We Cover:Finding the perfect partner for youThe 6 factors they look at when analyzing a marketWhy Sam & Ben keep such a large reserve fundWhy investors sometimes overvalue cash flowWhy they like the Phoenix marketHow to establish a competitive edge in real estate investingHow they look at multifamily syndication as "a long flip"Why equity protects youBuying insurance against interest rate increasesHiring their own construction teamHow they're adjusting to COVID-19And SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreBiggerPockets PodcastBiggerPockets CalculatorsBiggerPockets Podcast 382: No Money Down BRRRR Investing with Josiah Smelser (Part 1, Recorded Pre-Coronavirus)BiggerPockets Podcast 382.5: Surviving When the BRRRR Hits the Fan with Josiah Smelser (Part 2, Post-Coronavirus)DeloitteBiggerPockets Conference 2020BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe AsamoahOpen Door CapitalBiggerPockets Podcast 313: How to Be Happy AND Grow a Massive Business with Entrepreneur Jesse Itzler (and Josh!)Check the full show notes here: http://biggerpockets.com/show383
May 15, 2020
What happens to a no-money-down BRRRR investor when a pandemic breaks out, lending standards suddenly tighten, private money lenders get skittish, and property values quickly drop? Today, Josiah Smelser returns to the show and tells all. In Part 1 yesterday, we learned how Josiah built a $4M portfolio by buying, renovating, renting, refinancing, and repeating using both hard money and private money. Coronavirus hit him hard. And if he didn't have cash reserves, credit options, and the right mindset, it might have totally wiped him out. When the virus hit, Josiah had 10 properties he needed to refinance. It was a perfect storm: His private money lender immediately pulled funds, his refinance bank changed their terms, and property values dropped—all at once—meaning he would need to bring way more cash to the table. What happened next? Listen to this episode to learn about how Josiah made it through the nightmare and came out on the other side... with more equity and reduced interest payments. Real estate investing isn't all sunshine and rainbows. But if you keep your mind right, plan your exit strategies, and maintain cash and credit lines, you too can survive the curveballs thrown your way. In This Episode We Cover:What happens when private lenders want their money backWhy Josiah's bank changed the loan-to-value ratio on himTapping a cash-out refinance in an emergencyTrying to sell a property you had planned to BRRRRTaking out loans in your spouse's name to get around loan limitationsKey to pulling off a BRRRR in a down marketHow Josiah saved $750K in interest over 30 years by getting a lower interest rateHow an attorney can help you arrange a great partnershipWhy Josiah looks at this stressful time as a highlight of his real estate investing careerAnd SO much more!Links from the ShowBiggerPockets ForumsDavid's InstagramBiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan MurdockMindy Jensen's BiggerPockets ProfileBiggerPockets Money PodcastOculusCheck full show notes here: https://www.biggerpockets.com/show382-5
May 14, 2020
Today we bring you Part 1 of back-to-back episodes with real estate investor/appraiser/author/all-around good guy Josiah Smelser. This first conversation was recorded pre-coronavirus lockdown, but it's packed with tips you can put into action today. You'll learn how Josiah solved the #1 bottleneck in his business (capital!), allowing him to BRRRR at scale and rack up rental properties with very little money out of pocket. Even more impressive: he's doing it long-distance (The properties are in Dallas, TX and Josiah lives in Huntsville, AL.) And if that weren't enough, the guys go in-depth on appraisals – and the techniques you can use to help appraisers see your side of the story. Josiah's a longtime licensed appraiser, so he speaks from experience... and he shares his playbook for giving yourself the best chance to pull all your money out of your deal. If you like what Josiah has to say, then be sure to check it Part 2 tomorrow. We bring him back on, post-COVID-19, to discuss the serious challenges he's faced: lenders pulling out, property values dropping, and even a domestic violence issue at one of his rentals. The good news: he made it through. Tune in tomorrow to hear how! In This Episode We Cover:Why Josiah sold his properties pre-2008 crash (and why he still regrets it!)Combining hard money and private money to BRRRR with no money out of pocketHow Josiah uses "boots on the ground" partners to invest at a distanceWhy he analyzes 8-10 deals per dayBuying houses sight unseenWhy BRRRR investors must keep cash reservesHow to talk to appraisers (like getting out of a speeding ticket!)Why a property's list price is irrelevantDeals... on the MLS, in 2020?!The square footage trick that's made him thousands of dollarsLosing out to a lower offer on a big multifamily dealAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreBiggerPockets PodcastBiggerPockets CalculatorsZillowBring Brandon a DealBrandon's InstagramOpen Door Capital LLCBiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian MurrayBiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian MurrayGoBundanceCheck the full show notes here: https://www.biggerpockets.com/show382
May 7, 2020
Can you flip, wholesale, and buy rentals throughout a downturn? Yes... IF you heed the advice given out in today's episode. Our guest Tucker Merrihew is more than qualified to tackle this subject, having launched his real estate business in Portland, Oregon, in 2008—during one of the worst housing markets of all time. In a rare "Double Deep Dive" segment, Tucker walks us through a couple TTM Development projects from 2009 and reveals exactly what he did right and wrong at the time. As for the coming months... you'll learn which types of properties to avoid, which price ranges to target, and why renovating old homes can be risky business at this stage of the market cycle. Plus, Tucker explains why he underwrites every deal at 3 different prices to make sure it passes his "Oh $#!# Test" if the market goes south. Tucker is a seasoned pro with hundreds of deals under his belt, and he shares tons of valuable information for free in this episode. Be sure to subscribe to the BiggerPockets Real Estate Podcast for more tips on investing safely while taking advantage of the opportunities ahead.
April 30, 2020
Feeling like you're in uncharted territory as a landlord? You're in good company! Today's show walks you through how to ethically and profitably manage rentals through the COVID-19 outbreak and beyond. Brandon and David sit down with Mike Butler, acclaimed author of Landlording on Autopilot; Chris Clothier, partner at REI Nation (formerly Memphis Invest); and Dave Poeppelmeier, owner of eight houses in Toledo, Ohio. You'll get a ton out of this panel discussion, including exact scripts for communicating with non-paying residents, strategies for connecting tenants to government resources, a discussion about "deferment" vs. "forbearance," and much more. Mike (500+ units), Chris (6,000+ turnkey units), and Dave (8 properties, mostly student rentals) are all in different markets and at different stages of their investing careers... so you're guaranteed to learn something you can apply in your business today. Enjoy this episode, jump on the BiggerPockets Forums to connect with fellow investors, and subscribe to this show in your favorite podcast app so you won't miss us next week! In This Episode We Cover:Mortgage forbearance vs. deferment for landlordsWhat % of REI Nation's tenants paid April rentEstablishing open lines of communication with tenantsWhat tone to use in conversations about rentWhy Dave proactively reached out to his rentersGuiding tenants to government resources (unemployment, etc.)Creating contingency plansMike's "Wendy's walk-up window" for rent paymentHow to look for better financing in low-interest-rate environmentsHow to stay organized if you're getting government assistance for your businessAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarsBiggerPockets BookstoreBiggerPockets Podcast 224: Building a Process to Buy 17 Deals a Week with Chris ClothierAre Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do!BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan MurdockBiggerPockets Bookstore Check the full show notes here: https://www.biggerpockets.com/show380
April 23, 2020
There are plenty of opinions out there about where the real estate market is headed next. But what are the numbers telling us? Today we dig into the data with Dave Meyer, BiggerPockets' VP of Growth and Analytics and a real estate investor himself. Dave leads BiggerPockets Insights—a Pro/Premium benefit providing current local market data—and he's been looking at data points in the weeks since shelter-in-place orders began to grind the economy to a halt. So... Why are rents down? Why haven't prices dropped? And what data should investors be keeping an eye on? The guys tackle those questions and much more in today's episode. Plus, Dave discusses his list of the country's best 11 cashflow markets adjusted for vacancy and explains what makes them so attractive right now. Add in a topical "Fire Round" and a breakdown of Dave's "ski for free" Airbnb scheme, and you've got an action-packed episode sure to bolster your confidence in these uncertain times. Check out this episode of the BiggerPockets Real Estate Podcast, and be sure to subscribe to the show in your favorite podcast app so you won't miss the next one! In This Episode We Cover:The top cashflow markets in the country for high value and low vacancy3 data points Dave looks at when analyzing a new marketWhy housing prices haven't fallen much yetDave's (cautiously optimistic) forecast on real estate pricesWhat's happening to rents nationwideWhat "income-to-price" reveals about a marketWhat BiggerPockets Insights isHow new investors can take advantage of this downtimeThe potential of a population shift away from urban centersHow Dave bought an Airbnb in Colorado to "ski for free"And SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarsBiggerPockets BookstoreBiggerPockets Podcast 186: How to Get Your First Few Properties — Even in a Competitive Market with Dave MeyerAir DNABiggerPockets Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren SagerBiggerPockets ProBiggerPockets InsightsNewbie Real Estate Investors - What YOU Should Be Doing During This COVID TimeBiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert GreeneCheck the full show notes here: http://biggerpockets.com/show379
April 16, 2020
With a recession already underway, we're turning to an investor with 30 years of experience, 3,000-plus multifamily units acquired, and one of the sharpest minds in real estate. Brian Burke is back today, and he sits down with Brandon and David to offer his interpretation of current events and to guide our audience through how to invest passively without violating Warren Buffett's No. 1 rule: "Never Lose Money!" Brian explains how his firm Praxis Capital is navigating COVID-19 and shares a few tips everyday investors can use to fortify their portfolios. We also discuss leverage, how lending practices are changing, and techniques you can use today to safeguard your investments against vacancy and drops in valuation. In the second half of the show, Brian speaks to those interested in becoming "hands-off" investors—whether you want to focus on making money in your day job or just don't want to deal with being a landlord. After all, BiggerPockets has 10-plus books on how to actively get deals done... but none (until now) on how to evaluate passive investment opportunities. We go over how to meet syndicators, what red flags to look for, how to diversify your investments... and the absolute No. 1 quality to look for in a passive investment (hint: it's NOT the deal itself). This episode is packed with deep insights into the current market shift, but it's also a timeless lesson in evaluating syndication opportunities. For more info, check out Brian's new book, The Hands-Off Investor: An Insider's Guide to Investing in Passive Real Estate Syndications, and all the great bonus content, too. In This Episode We Cover:How Brian got his start raising capital from his cop buddies"Bulletproof vests" investors can use to survive right nowBrian's definition of "over-leveraged"Why Brian is currently more focused on operations than acquisitionsHow government stimulus $ may affect the real estate marketHow and where passive investors meet syndicatorsThe #1 quality passive investors should look for in a syndicatorWhy the deal sponsor is more important than the deal itselfDiversifying your passive investment portfolioRed flags to look for when evaluating syndicatorsWhy "alignment of interests" is overratedThe lesson he learned from a friend who lost her life savingsLinks from the ShowBiggerPockets ForumsBiggerPockets WebinarsBiggerPockets Business PodcastReal Estate Rookie PodcastBiggerPockets Money PodcastBiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian BurkeBiggerPockets Podcast 076: Growing Your Real Estate Company Into a $30 Million Dollar Business with Brian BurkeBiggerPockets Podcast 152: Building Wealth and Passive Income with Rental Properties with Ben Leybovich, Brian Burke, and Serge ShukhatBiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert GreeneBiggerPockets BRRRR GuideBiggerPockets BookstoreCheck the full show notes here: http://biggerpockets.com/show378
April 9, 2020
Today's guest does 125 deals a year in Dallas—from his home base in the Caribbean. How? Well, he bailed on direct mail marketing and doubled down on radio ads. And when others froze up as the coronavirus spread, his team put in new systems and closed a $23,500 wholesale deal... without even stepping foot inside the house. Chris Arnold zigs when others zag, and today you'll learn how he sets up his business so he can consistently work ON it, not in it... while enjoying a great lifestyle in Tulum, Mexico. Chris shares timely tips for how to orchestrate deals while maintaining safe social distancing (he even holds "Zoom open houses" with multiple cash buyers at once); breaks down which team member handles each aspect of a transaction; and delivers a fantastic tip for new real estate investors struggling to stay focused. Plus—Chris shares how advertising on local radio stations has elevated his home-buying business to new levels. Look, he says, you might prefer podcasts... "but you are not your seller!" We play one of his ads on the show, and he guides us through how to research various audiences and negotiate the best rates with stations. This show covers it all—from the finer points of buying properties at deep discounts to the mindset shifts Chris has made along the way. Check it out, and if you enjoyed this please share it with just one family member or friend. We appreciate you, and we'll see you next Thursday. In This Episode We Cover:Why Chris runs his business virtually from MexicoHis #1 lead generation strategy: good old-fashioned radio!3 major demographics he markets toWhy "bouncing" is the reason so many newbies fail3 shifts he's made to adapt to COVID-19How he decides whether to wholesale or fix and flip a propertyThe exact workflow his team uses to work leads from start to finishHow he inspects houses remotelyClosing deals over the phoneHow he puts together "Zoom open houses" for cash buyersHow he's finding cash buyers who will buy sight unseenHow the market is reacting to coronavirusWays to back out of a contract if necessaryAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Coronavirus Relief ProgramsBiggerPockets WebinarsHow to Build a Deal PipelineRealtorZillowPandoraThe Multipliers MastermindBiggerPockets Business PodcastReal Estate Rookie PodcastBiggerPockets Money PodcastGoBundance Check the full show notes: http://biggerpockets.com/show377
April 2, 2020
Strength in numbers! When you finish this episode, you'll have 12+ action items that could help you withstand the coming economic slump... and perhaps even accelerate your path to financial freedom. Each investor featured today gives you their top piece of advice for handling an economic downturn: from mindset, to leadership, to specific strategies you can begin to put in place TODAY. Don't miss this one, and be sure to subscribe to the BiggerPockets Real Estate Podcast for more hard-won wisdom on how to lead your business through the coronavirus crisis and beyond. In This Episode We Cover:Why now is the time to write a 10-year vision for yourselfServing others first, even when our impulse is self-protectionCutting overhead to preserve cashFinding creative ways to rent out propertyCollecting payments up-front, for a discountWorking with lenders if you're having shortfalls with rentInvesting as a group to hedge riskControlling your emotions when the market is volatileWhy you should be building a team NOWThe importance of picking up the phone to nurture relationshipsAnd SO much more! Links from the ShowBiggerPockets ForumsBiggerPockets MagazineBiggerPockets ConferenceGoBundanceBiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn$13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ OsborneBiggerPockets WebinarBiggerPockets Podcast 362: Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy PapasanBiggerPockets BookstoreBiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay PapasanKirkland Signature Protein BarsBiggerPockets Money Podcast 100: From Financial Disaster to Real Estate Master with Brandon TurnerJason Drees CoachingBiggerPockets Podcast 162: How to Pay Less to the IRS with Amanda Han, CPABiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian BurkeAppSumoBiggerPockets Podcast 213: Investing in Real Estate Without Being a Landlord with Noah KaganBiggerPockets Podcast 201: Flipping 100+ “Zombie” Houses with Justin StamperBiggerPockets Business PodcastLandlordologyCozy.coAre Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do!BiggerPockets Youtube Channel876: What Makes a CEO with BiggerPockets CEO, Scott TrenchScottSilverRealtyBiggerPockets Podcast 325: From Major Business Failure to Buying 20 Houses a Month With Aaron Amuchastegui Check the full show notes here: http://biggerpockets.com/show376
March 26, 2020
Economic upheaval. Tenants losing their jobs. Entire cities shut down. How should real estate investors operate today? In this episode, we’re opening up the phone lines and patching in both expert investors (Tarl Yarber, Avery Carl, Justin Stamper) and newbies (Sawyer, Adam, Joe) in various markets across the country. What you’ll learn: how hard-hit short-term rental operators can adapt to travel restrictions, how to plan for non-payment of rent, which strategies are likely to work best in the coming economic shift, what the heck is going on with interest rates... and much more. Tell us what you think of this new format, and be sure to subscribe to the BiggerPockets Real Estate Podcast for more on how best to run your business in unprecedented times. Stay safe and we’ll see you next Thursday. In This Episode We Cover:How certain areas of the country are affectedHow to find renters at this timeHow to make your Airbnb business thriveWhy panic selling is not recommendedThe value of working with a partnerWhat to do if your properties are affectedHow the pricing of properties are affectedVarious creative financing you can tryCurrent status of various investorsWhy rents never go downAnd SO much more! Links from the ShowBiggerPockets ForumsZombie House FlippingBiggerPockets Podcast 201: Flipping 100+ “Zombie” Houses with Justin StamperTravelNursing.orgFurnished FinderRNvip.comTrusted HealthCross Country NursesAYA HealthcareBiggerPockets Podcast 374: What Real Estate Investors NEED to Know About the Coronavirus, the Economy, and the Problems at Your DoorBiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery CarlClearBankOpen Door CapitalBiggerPockets Youtube ChannelBiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl YarberMelanie & Dave Dupuis's InstagramAre Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do! (Video)Dave RamseyJustin Stamper's InstagramJustin Stamper's WebsiteThe Short Term ShopAvery Carl's BiggerPockets ProfileBiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery CarlTarl's InstagramBiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber Check the full show notes here: https://www.biggerpockets.com/show375
March 19, 2020
Rent's due... or is it? From quarantines to eviction moratoriums to a plummeting stock market, COVID-19 has upended seemingly everything -- and today we talk through what it all means for real estate investors. J Scott, author of Recession-Proof Real Estate Investing, and Scott Trench, author of Set for Life and CEO of BiggerPockets, join Brandon and David for a roundtable discussion packed with perspective and insight. We begin with a high-level analysis of today's economy, and discuss how you can fortify your portfolio in the face of a likely recession (there's still time!). Then, the guys take on your most pressing questions -- starting with, "what happens if my tenant doesn't pay rent?" *NOTE: If you want to skip directly to audience Q&A, that section starts at 1 hour, 5 minutes.* Whether you're a brand new investor nervous about getting started... or a veteran waiting for the right opportunity to deploy capital, this episode will give you a chance to take a deep breath and assess the playing field. We hope you enjoy this special episode, recorded March 18... Stay safe, take care of yourselves, and stay tuned for more Coronavirus content across all BiggerPockets platforms in the days and weeks ahead. In This Episode We Cover:BiggerPockets members' top questions right nowHow to control your emotions when people around you are panickingWhich strategies do and don't work well during downturnsHow to approach tenants who have lost income and don't pay rentThe importance of "buying right" and keeping cash reserves6 ways real estate investors should prep for a recessionHow power dynamics in the marketplace will changeWhether you should still be out there looking for dealsHow to productively use your time while confined indoorsAdjustable Rate Mortgages todayCOVID-19's effect on the overall economyThe effects of Quantitative Easing and 0% interest ratesAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets Money PodcastBiggerPocketsReal Estate Rookie PodcastBiggerPockets Business PodcastMindy Jensen's BiggerPockets ProfileImperial College COVID-19 Response Team ArticleRay DalioBiggerPockets Podcast 297: Mastering the Decision-Making Process with Business (and World Series of Poker) Champion Annie DukeBiggerPockets Calculators4 Wealth Generators of Real Estate Investing (video)ZillowBiggerPockets Podcast 311: 6 Rules for Investing in Real Estate in the Coming Economic Shift with J Scott Check the full show notes here: http://biggerpockets.com/show373
March 12, 2020
Four years ago, Lee Ripma was brand new to real estate. She vowed she'd one day appear on the BiggerPockets Podcast. That day has come. And we're all better off for it! In this action-packed episode, Lee traces her journey from full-time field biologist to newbie who jumped straight into long-distance multifamily (wait 'til you hear about her first deal!) to developing apartment buildings in the high-end Los Angeles market. You'll learn how she formed relationships with local, "boots-on-the-ground" partners on her BRRRR deals in Kansas City, why she came to prefer value-add multifamily deals over BRRRR, and how she's able to find higher and better uses for properties in Southern California. From looking at our podcast stats, we know a LOT of you are in hot markets like L.A., New York, San Francisco, and Washington, D.C. If you've ever thought to yourself, "My market's so expensive... How can I invest in real estate?"—look no further. This episode will get you motivated, and it may just ignite your real estate investing career! Be sure to subscribe to the BiggerPockets Real Estate Podcast, sample the other BiggerPockets podcasts in our network (just search "BiggerPockets" in your favorite podcast app), and as always, if you appreciate this content, please give us an honest rating and review on Apple Podcasts. In This Episode We Cover:Why she abandoned the idea of building a tiny house empireHow her career as an environmental consultant prepared her for real estate investingWhy innovation can be overratedHow she screwed up her first deal and still made 28% cash-on-cashWhy choosing a “submarkets” is more important than the general market you chooseWhy she shifted from BRRRR to value-add multifamily investingHow she unlocks value in rundown apartment buildingsFinding “boots-on-the-ground” partners for out-of-state dealsHow she learned the development game by apprenticing under an experienced investorHow real estate development creates money out of thin airTearing down single-family homes and building 4-unit apartment buildingsHow she moves projects more quickly by using “prefabricated construction”Why “value-add” drives the biggest returns on investmentAnd SO much more! Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets Money PodcastHow to Find Overlooked Opportunities in a Hot Market with Andrew CushmanBiggerPocketsTask RabbitBiggerPockets Podcast 092: No (and Low) Money Down Real Estate Investing with Brandon TurnerPodcast MovementBiggerPockets MoneyTiktok Check the full show notes here: http://biggerpockets.com/show373
March 6, 2020
Securing financial freedom for her family through long-distance real estate investing! West Point graduate Erin Helle's story starts the day she was ordered to deploy to Afghanistan. She already had a young daughter, and her husband was headed to Iraq. Something had to change. Mix in a serious health condition, the result was this: Erin felt forced to take action and build something that would endure and provide for her daughters no matter what. In this episode, you'll learn which steps she took. From buying new construction, to flipping at a distance, to using a self-directed IRA to purchase a rental property, this show is packed with valuable lessons from an investor who's acquired 20 doors in the span of two years. Erin shares a powerful story that's sure to make you think hard about the legacy YOU plan to leave behind and what you plan to do to get there. In This Episode We Cover:Buying new constructionGenerating momentum as a newbie investorErin's key performance indicatorsLead measures vs. lag measuresOut-of-state real estate investingTeaching young kids about moneyWhy getting your real estate license may be overratedWhy she doesn't "DIY" anymoreAnd SO much more! Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan “The Mercenary” MurdockOpen Door Capital$13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ OsborneBrandon's InstagramCraigslistZillowRedfinBiggerPockets Money PodcastBiggerPockets Business Podcast Click here for full show notes: http://biggerpockets.com/show372
March 5, 2020
More "newbie" content. More "first deal" success stories. Tips, tools, and step-by-step guidance from investors just one step ahead of you. That's what many of you have been asking for. And that's what you'll get when you subscribe to Real Estate Rookie, BiggerPockets' newest podcast! Episode 1 is LIVE now, and it's a gem if we do say so ourselves—check it out here. In this brief announcement, Brandon and David introduce hosts Ashley Kehr and Felipe Mejia (remember them from episodes 348 and 329?)... and explain WHO would—and wouldn't—benefit from listening to Real Estate Rookie. You might be asking—is the "OG" BiggerPockets Podcast changing? Or even going away? Not a chance! In fact, we hope you listen to both shows. Check out Real Estate Rookie today, and Brandon and David will have another great interview right here tomorrow. Then next week, you'll get an episode of Real Estate Rookie on Wednesday, and we'll be back to regular programming. Tell us what you think of the new podcast, join the Facebook group (just search "Real Estate Rookie"), and give Ashley and Felipe a follow on Instagram @wealthfromrentals and @felipemejiarei!
February 27, 2020
$700,000-plus in wholesale fees—fresh out of high school! On this show, Will Brown reveals how laser-focusing on “deal flow” allowed him to build a rental property portfolio, build a self-sustaining business, and amass a small fortune… all in a matter of months. You’ll be blown away by Will’s story of being struck by inspiration while playing Grand Theft Auto at age 18. That led to the BiggerPockets Podcast, and well… you’ll have to hear the rest of his story to believe it. If you want to know the exact structure of a four-deal-per-month wholesaling business and the specific marketing methods Will uses to reach sellers, check out this episode. He walks us through how he handles leads, how he manages his business from 3,000 miles away, and why he’s handing over the reins to a partner so he can focus on building a technology startup. This is a fantastic episode highlighting a BiggerPockets member who took massive action, trusted the process, and saw massive results. Download this one, and make sure you’re subscribed to the BiggerPockets so you won’t miss a show! In This Episode We Cover:How Will built a powerful marketing machineHow he's able to spend only 30 minutes on each dealHow he prevents leads from slipping through the cracksRingless voicemail messaging and text message marketingWhy he prefers wholesaling over flipping housesHow he handles tricky title issuesWhy it's never a bad idea to make an offerWill's artificial intelligence startupAnd SO much more! Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets Ultimate Beginner's GuideBiggerPockets Podcast 077: Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael QuarlesBiggerPockets PodcastBiggerPockets Podcast 209: Flipping 83 Homes in the Last 18 Months with Kevin CarrollBiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal NewportShark Tank Check the full show notes here: http://biggerpockets.com/show371
February 20, 2020
Get to know enough CPAs, and you'll hear the "light bulb" story. "I was helping this real estate investor with her taxes... and thought, 'Why am I not doing this?!'" Yes, there are POWERFUL tax breaks available for rental property investors. But you have to know what to look for! That's the focus of today's episode AND the new book (out today!) from Amanda Han and Matt MacFarland: "The Book on Advanced Tax Strategies: Cracking the Code for Savvy Real Estate Investors." You'll hear Amanda and Matt break down the basic concepts you need to understand in order to reach your goals, outline the questions you should ask your CPA, and take on the notorious "Do I need an LLC?" question. You'll also learn about more complex strategies like advanced/bonus depreciation, Opportunity Zone investing, and 1031 exchanges... plus, how short-term rental investors and flippers can optimize their tax strategy. This episode is packed with free information that is literally valuable—meaning it could save you thousands, or tens of thousands, of dollars! Download this one, check out the book, and subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next show. In This Episode We Cover:How Amanda and Matt ended up doing tax/real estateWhat they do and how they help clientsWhat their new book is all aboutHow to save tons of money in terms of taxesBest time to work with a CPAHow an LLC plays into a real estate investor’s life3 benefits of working with a professionalImportance of having a system in place with the help of tax and legal advisorsHow cost segregation comes into playWho does a cost segregation studyOther things investors should not do on their ownWhy it pays to be cautious when it comes to 1031 exchangesWhy buy and hold is preferable over flipping from a tax perspectiveCool things about short-term rentals from a tax perspectiveWhat an Opportunity Zone is and why it mattersWhat a flow-through entity tax break isAnd SO much more! Links from the ShowBiggerPockets ForumsBiggerPockets WebinarExplore Companies on BiggerPocketsBiggerPockets BookstoreIRS Website  Check the full show notes here: http://biggerpockets.com/show370
February 13, 2020
Want to step out of your business and finally gain the freedom to think more strategically? Let Jefferson Lilly show you how! Jefferson is a mobile home park investor, who went from sleeping on an air mattress on-site at his mobile parks to running a lean team and focusing his energy on raising millions from investors. No matter what stage of your career you’re in or what your preferred strategy is, you’ll get a ton of value out of this high-level discussion about building a “2.0” business that serves you AND your team. You’ll learn how Jefferson went from acquiring parks “deal by deal” to starting a fund, how he overcame fear to hire several six-figure employees, and how he incentivizes his team to maximize occupancy. Also, Jefferson breaks down the criteria he uses to narrow down potential deals (including proximity to a Walmart)—AND reveals the four main ways he and his team reach out to mom-and-pop park owners. This is an awesome show, whether you’re interested in mobile homes or not. So check it out, and subscribe to the BiggerPockets Real Estate Podcast so you won’t miss the next one! In This Episode We Cover:The “unfair advantages” of mobile home park investing4 main methods to find off-market dealsHow his team uses brokers to source dealsHiring 6-figure employeesHow Jefferson has raised more than $30M from 200 investorsHow he incentivizes his team based on occupancy2 factors that drive profitability in the mobile home park businessThe difference between a “2.0” business vs. a “1.0” businessJefferson’s biggest career regretWhy he aims to hire “coaches” rather than “cheerleaders”How and why he started a fund rather than individually syndicating dealsAnd SO much more! Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets Podcast 111: A Unique (and Profitable) Real Estate Niche You’ve Probably Never Considered with Jefferson Lilly$13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ OsborneBiggerPockets Podcast 339: 60,000 Tenants?! How Frank Rolfe Built a Mobile Home EmpireMobile Home UniversityBiggerPockets Podcast 262: $600,000 Per Month in Gross Rents from Mobile Home Parks with Jefferson LillyIndeed.comBiggerPockets Podcast 361: Using $3,500 to Kickstart an “Unsexy” Investment Empire with Tristan ThomasTim Ferriss PodcastThe Dave Ramsey ShowQuickbooks Check the full show notes here: http://biggerpockets.com/show369
February 6, 2020
On today’s show: accelerated wealth-building through leverage and systems! Palak Shah walks us through how she built a $4M portfolio in just three years by "supercharging" the BRRRR strategy. Palak left a career in corporate America to focus full-time on real estate in the Philadelphia area, and she applied her training as an engineer to create airtight processes that help her business run without her. You’ll love hearing how she finds deals from wholesalers on Facebook, why she’s not afraid to sell off some of her BRRRR properties, and how she creates checklists to determine whether a deal fits her criteria. Also, we discuss how to beat “analysis paralysis” by remembering her acronym “A.B.L.E.” Palak is a relatable, inspiring investor who offers great tips for anyone hoping to transition away from a 9-to-5… so check out this episode today, and share it with a friend or family member! In This Episode We Cover:Leaving her corporate job to take more control over her timeWhy she’s OK paying capital gains tax rather than using 1031 exchangesFlexing your “risk-taking muscle”Using hard money for BRRRR projectsCreating “templates” to make investing easier over timeCriticisms of the BRRRR strategyWhy she sells off some of her BRRRR propertiesUsing local banks and credit unionsHer mantra: “Fortune favors the finance-savvy”How her systems allowed her to buy 2 properties from IndiaHer “A.B.L.E.” method to escape analysis paralysisHow she bought 9 units for 40% off the list priceHow she used a home equity loan to borrow $160KAnd SO much more! Links from the ShowBiggerPockets ForumsBiggerPockets WebinarFear-Setting: The Most Valuable Exercise I Do Every MonthHow to Make $100,000/Year with Fixer-Upper Rentals (by Buying Only 2 Properties Annually)Microsoft ProjectRedfinHustle & Persistence To Build Wealth Through Real Estate | BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David GreeneBiggerPockets Podcast 362: Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy Papasan Check the full show notes here: http://biggerpockets.com/show368
January 30, 2020
7X-ing her income by leaving a so-so job to flip houses! Today’s guest is Kara Beckmann, a rehabber and rental property investor who’s tearing it up in Scottsdale, Ariz., and on her Instagram page @beckmannhouse. You'll be inspired by Kara's journey from pastry chef to retail worker to full-time investor funding deals with private and hard money. Kara shares some great tips for networking with wholesalers and builders to snag deals (to date, she's spent $0 on marketing). You'll also learn how she maximizes profit by sticking to her rehab budgets, how she keeps contractors on deadline, and how she manages risk by outlining several different exit strategies. Kara's story will motivate you to apply your own "unique ability" to your real estate business and overcome the fear that might be stopping you from doing your first or next deal! Enjoy this episode, and subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next one. In This Episode We Cover:How Kara learned saving habits at age 14How she started thinking like an entrepreneur while working in retailHow she was motivated by not getting a raise in 5 yearsBuying her first deal for $50K below asking priceReinvesting profits from her first flipHer apprenticeship with a general contractorHow she develops a scope of work and deadlineWhy she doesn’t spend any money on marketingHer networking tipsThe challenges of investing without W-2 incomeHow she prepares several exit strategies for each dealWhere she gets inspiration for her designsHow she sticks to her budgets (the “price per square foot” method)Incentivizing her contractors to complete work on timeAnd SO much more! Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets Money PodcastBiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!)BiggerPockets ConferenceZillowRealtor.comTikTokEmail: podcast@biggerpockets.com Check the full show notes here: http://biggerpockets.com/show367
January 23, 2020
From panicked newbie with just $1,000 saved to 40 rental units—in two years’ time! On today’s show, we sit down with Henry Washington, a buy and hold investor from Arkansas who’s built a sizable portfolio while working full-time. You’ll learn how Henry changed his mindset as he and his wife prepared to start a family and how he secured his first deal by doing something anyone can do—simply announcing to the world that he buys houses. You’ll also learn how Henry built a deal pipeline by looking in places other investors didn’t, how he asked more experienced investors for help when he didn’t know what to do next, and how he does business with local banks to expand his portfolio. Plus, Brandon and David dig into how to property screen tenants, how to decide when to flip or BRRRR vs. when to hold onto a rental, and how to use an online ad campaign to drive a steady supply of leads to your website. This episode lays out a blueprint for building massive wealth. Just adapt it to your market, and work the process. Don’t miss this one, and subscribe to the BiggerPockets Real Estate Podcast so you won’t miss the next! In This Episode We Cover:How “panic” drove Henry to start saving and investingHow he started his investment career by simply “paying himself first”The list he used for his first (wildly successful) direct mail campaignThe lessons he, Brandon, and David took away from Rich Dad Poor DadWhy he told people he bought properties (before he ever did!)Why writing down his fears helps him conquer themHow he sought help from a more experienced investor on his first dealHow he used a 401(k) loan to buy a cash-flowing propertyHow he launched a Google Ads campaign to drive traffic to his websiteThe power of small, local banks to fund dealsWhy he holds open houses rather than individual showings for tenantsWhy the best real estate investors buy “situations,” not housesAnd SO much more! Links from the ShowBiggerPockets Forumsbiggerpockets.com/podcastsurveyBiggerPockets Business Podcast 30: How to Guarantee Profit From Day 1 with Mike MichalowiczGoogle AdwordsLeadPropellerCozy.coTruliaRealtorHotPadsZillowCraigslistBiggerPockets BookstoreBiggerPockets Business Check the full show notes here: http://biggerpockets.com/show366
January 16, 2020
Decorated Navy SEAL commander. Author. Podcaster. And house hacker?! Yes, Jocko Willink invests in real estate and shares some great tips… but that's not the only reason he's on the show today. And it's not the only reason why he's sure to be one of our most popular guests to date. You see, Jocko looks at life's challenges differently. And after hearing his message, you might, too. Contractor rip you off? Good. Rental property flooded? Good. Spent a bunch of money and never found a deal? GOOD! Actually, great! Now you can learn something about yourself. You can get tougher. You can improve. That's the worldview Jocko outlines in his No. 1 New York Times bestseller Extreme Ownership: How U.S. Navy SEALs Lead and Win. Today, we dive deep into how to apply this mindset to your business. PLUS, we discuss Jocko's philosophy on leading teams, managing risk, harnessing your ego, and foregoing comfort in pursuit of long-term goals like financial freedom. You'll also love getting to know Jocko the real estate investor! From buying a hoarder house filled with chicken bones to dividing his kids' bedrooms into "prison cell"-sized sleeping quarters, Jocko discusses how some sacrifice goes a long way toward creating financial freedom—even on a modest military salary. Beware: by the end of this show, you might just be staring down your fears and greeting your biggest obstacles head-on with the word "good." In This Episode We Cover:What “extreme ownership” is and how it applies to real estate investingFixing up creepy, run-down houses in Southern California in his 20sWhy Jocko recommends house hacking for men and women in the militaryHow joining the Navy gave him purposeHis approach to Navy SEAL BUD/S trainingThe lessons he learned from the Great Recession—even though it didn’t personally affect his financesAvoiding "lifestyle creep"Considering the worst case scenario before taking risksHow to harness your ego for goodWhat he says when people push back against the idea of extreme ownershipWhy he writes books for kids (and why some adults like those books best)And SO much more! Links from the ShowBiggerPockets ForumsJoe Rogan's ShowJoe Rogan Experience #1391- Tulsi Gabbard & Jocko Willink Click here to check the full notes: http://biggerpockets.com/show365
January 9, 2020
Ever been interested in making money with short-term rentals but feel there’s just too much you don’t know? Welcome to the club! On today’s show, Brandon and David interview Avery Carl, a short-term rental (STR) investor who opens up the playbook and shows us what she’s doing and how she’s doing it! Avery shares the apps, software, and systems she uses to manage five STRs in under 30 minutes a week! You’ll love her thoughts on self-management versus using a professional company, avoiding negative online reviews, and properly marketing your properties to maximize revenue. She also discusses how she diversifies risk in her portfolio, why she buys properties for 10% down, and what expenses she accounts for when analyzing deals that come across her desk. Avery shares some fantastic insight into how to run a STR business with minimum time and intrusion, as well as some overall advice for knowing your market and minimizing your risk. Download this episode of the BiggerPockets Real Estate Podcast and see for yourself today! In This Episode We Cover:Where she’s currently buyingHow she balances running a real estate team with investingHow she created systems to help manage her portfolio of vacation rental propertiesThe difference between self-management and using a management companyHow she manages negative reviews onlineHer advice for marketing your STRThe apps she uses to automate the STR businessHow she buys her STRs with 10% downWhat expenses she factors into her numbers for STRsHow she protects her investments from a possible recessionHow she diversifies her risk between long-term and short-term rentalsHow she uses her first properties when buying additional propertiesAnd SO much more! Links from the ShowBiggerPockets ForumsBiggerPockets Real Estate PodcastThe Grey (movie)AirbnbiGMS Vacation Rental AppBiggerPockets Podcast 245: Creating Wealth that Lasts Generations with Bestselling Author Ryan HolidayBiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant CardoneEmail Us for Pro Deals: podcast@biggerpockets.com  Check the full show notes here: http://biggerpockets.com/show364
January 2, 2020
Will 2020 be your best year ever? Today’s episode has all the ingredients to make the answer a big, resounding “Yes!” Bestselling author and productivity expert Michael Hyatt is here, and he guides us through how real estate investors should approach the year ahead. You’ll love hearing how Michael’s eliminated virtually everything except his three highest-leverage, revenue-generating activities; how to steer clear of what he calls “drudgery zone” work; and how to find someone who actually enjoys those tasks you can’t stand doing. And if you’re thinking, “Well, I’m not ready for that yet…” Michael has tips for how to get started by delegating just one task. Michael has written extensively about three topics that touch every real estate investor: productivity (Free to Focus), goal-setting (Your Best Year Ever), and delegation (Your World-Class Assistant). Today, we cover them all in-depth. So download this episode, make sure you’re subscribed to the BiggerPockets Real Estate Podcast, and start 2020 right! In This Episode We Cover:How Michael grew his company in a year while taking 162 days off per yearHow “vague aspirations” set you up for failureWhy you’re 42% more likely to achieve your goals if you write them downWhy you shouldn’t have more than 3 goals at onceThe keys to hiring a world-class executive assistantThe importance of a detailed, well-thought-out job descriptionThe right way to document workflowsHow to focus on your “Desire Zone”How to offload tasks in the “Drudgery Zone”The difference between goals and projectsWhy he hired a world-class coach to teach him an obscure hobbyAnd SO much more! Links from the ShowBiggerPockets ForumsBiggerPockets Podcast 230: Real Estate Investing as a Side Hustle with Grammy-Winning Producer Seth MosleyBiggerPockets Podcast 117: Maximizing Productivity to Get Things Done with David AllenBiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert GreeneTucker MaxBiggerPockets Podcast 245: Creating Wealth that Lasts Generations with Bestselling Author Ryan HolidayEvernoteLoomBiggerPockets ProBiggerPockets Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael GerberMasterclassBiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal NewportThe Tim Ferriss ShowHow to Make 2020 Your Best Real Estate Year Ever Webinar Check the full show notes here: http://biggerpockets.com/show363
December 26, 2019
Today’s show is centered around a big question we get ALL the time... “How do I get my spouse/partner on board with my real estate investing goals?” It’s the perfect time of year to think through exactly how to do that, and we have the perfect guests to offer some advice. Jay and Wendy Papasan run an annual couples’ goal-setting retreat in Austin, Texas. Today, they walk us through the exercises they use to help couples (and business partners) confront uncomfortable questions and get on the same page. Oh, and if you don’t know who Jay is, check out BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The ONE Thing with Jay Papasan and BiggerPockets Business Podcast 06: How to Manage Your Time Like a Millionaire with Jay Papasan. Jay's wife, Wendy, is a real estate broker who leads a high-performing team that’s expanded into four cities. In this episode, you’ll learn how to initiate a goal-setting conversation with your partner, what kinds of settings work best for this exercise, what questions to ask, and which timelines to use. Also, stick around through the end to hear Wendy’s tips on using leverage and a “not to-do list” to apply your time and energy more efficiently and be happier. This is a profound episode with two real estate rockstars. If you enjoy it, do us a favor and share it with YOUR spouse or partner… or pass it onto a couple who you think might benefit.  Download this one today, and make sure you’re subscribed to the show, so you won’t miss the next one! In This Episode We Cover:How Wendy and Jay started setting goals together 13 years agoApplying the idea of a “leadership retreat” to your familyWhat settings work best for goal-setting with your spouse or partnerNavigating a relationship where one partner is an entrepreneurTheir answer to, “How do I get my spouse on board with real estate investing?”Why most failures of leadership are failures of courage (Keith Cunningham)How having tough conversations about goals can head off misunderstandingsHow Brandon’s navigated balancing business with familyWhy Gary Keller calls tough conversations “care-frontations”Which time horizons are most useful when setting goalsUsing the language of business in your marriagePutting your marriage first, even when you have kidsMoving at the speed of communicationDelegating draining tasks to help you keep more energy for yourself and your familyAnd SO much more! Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBiggerPockets Business Podcast 06: How to Manage Your Time Like a Millionaire With Jay PapasanBiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay PapasanGary KellerBiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan “The Mercenary” MurdockPaying Off Student Loan Debt with a Median Income and Two Kids in Northern California with Kyle Renke Check the full show notes here: http://biggerpockets.com/show362
December 19, 2019
Traveling the world on mobile home cash flow at 26 years of age? Yes, it’s possible! On today’s show, Brandon and David interview Tristan Thomas, a mobile home park investor who parlayed a few thousand dollars into a life of financial freedom. Tristan shares some great info regarding how he chooses his markets to invest in, how he finds deals in those markets, and some of the key differences to holding title to mobile homes compared with traditional real estate. He also shares a fantastic perspective on how using “rent-to-own” financing can eliminate maintenance and repair costs, motivate your tenants to take better care of the property, and help you build wealth with very little of your own money. Tristan is a great example of how to find financial freedom at ANY age and shares exactly how he did it himself! Download this inspirational episode today, and subscribe to the podcast in your favorite app so you won't miss the next show. In This Episode We Cover:How Tristan got into mobile homesHow he finds deals in today's marketThe key differences to holding title to mobile homes compared with traditional real estateHow to use “rent-to-own” financing to eliminate maintenance and repairs costsHow to motivate your tenants to take better care of the propertyHow to build wealth with very little of your own moneyMaking a 100% return on investment within 12 monthsHis 5 biggest lead generators that are all freeThe criteria he looks for to find the best mobile home dealsGetting into real estate investing for financial freedomAnd SO much more! Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBiggerPockets Podcast SurveyBiggerPockets WebinarsJosh's Twitter ProfilePodcast SurveyGrant Cardone on Multifamily Investing and Why You Should Never Buy a House!BiggerPockets Events and MeetupsMobile Home Park Investing Boot CampBiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene Check the full show notes here: http://biggerpockets.com/show361
December 12, 2019
Have you ever wanted to invest in real estate but aren’t ready for a full-time commitment? Today’s guest has figured out just how to do so, and she’s sharing it all with you! Stephanie Cabral is a lawyer, real estate agent, and investor out of Connecticut, who has figured out how to make money from residential real estate ownership while working two full-time jobs. On today’s show, Stephanie breaks down how she saved $100K on one deal, developed an automated direct mail system, and successfully used the often-confusing 203k loan program. You’ll love her advice on automation/delegation and investing in single family homes. Plus, she talks about what she looks for in her market, and shares her thoughts on the next big change in real estate in the near future. You’ll also find some great tips regarding managing properties yourself and hiring and using virtual assistants to save you time. Download this one today, and share it with a friend or family member who would benefit! In This Episode We Cover:How Stephanie defines “administrative stamina”How she took out a HELOC on her first propertyHow she got a $100K discount on her first propertyWhy she invests in single family homesHow she uses VAs to handle the heavy lifting of her RE businessHer theory on automation and delegationHow she’s using RE to get out of her legal practiceWhat she looks for in a good assistantWhat she’s looking for in out-of-state marketsHow she automated her direct mail systemHer advice for managing properties yourselfHer thoughts on the next big trend in RE investing over the coming 5-10 yearsAnd SO much more! Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBiggerPockets Podcast SurveyUpworkPodioStrugglingInvestorPayYourRentCozyOnlineJobs.phAdobeLinkedInBrandon's InstagramDavid's Instagram  Check the full show notes at BiggerPockets: http://biggerpockets.com/show360
December 5, 2019
You asked for it, and we answered! On today’s episode, Brandon and David interview three first-time home buyers, who all utilized the house hacking strategy in different ways! Our first guest shares how he bought in the most expensive market in the country and lives for FREE by using several techniques anyone can replicate (while taking advantage of a massive value-add opportunity). Our second guests share how they used house hacking to buy a BUSINESS that will generate over $20K in profit per month... while also eliminating the majority of their rehab costs and reducing risks and living expenses at the same time! And our third guest shares how he took advantage of California’s recent ADU law revision to buy a property that will eliminate his living expenses while making him massive cash flow at the same time. This episode covers FAQs—like how to use an agent to help you find a property, how to house hack in unique ways, and what to expect when buying your first property—and is guaranteed to get those wheels turning in your mind! Download this one, and share with a friend today! In This Episode We Cover:Ryan MeinzerHow he found the propertyHis unique angle on TIC (tenancy in common)What he intended to do reduce his living expensesHow a sliding door turned out to be a blessingWhat the requirements are to convert a TICKey lessons learned from this dealHero and Stephanie CruzThe struggle of finding the right RealtorFinding a property that needs less rehabWhat is assisted living propertyHow much they earn from each roomMaking more money to help more peopleRob KishiHow Daivd and Rob were introduced during a meetupWhy he fell in love with idea of house hackingWhat the property looks likeInvesting with MomWhat ADU stands forAnd SO much more! Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreBiggerPockets Network - Find a Real Estate AgentBiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant CardoneGrant Cardone on Multifamily Investing and Why You Should Never Buy a House!BiggerPockets Podcast 350: How to House Hack Your Way to Financial Freedom in 3 Years with Craig CurelopThe Core 4 Members Vital to a Profitable Long-Distance Real Estate Investing Team (blog)BiggerPockets Premium Membership Check the full show notes here: http://biggerpockets.com/show359
November 28, 2019
Have you been looking for the right way to find deals in today’s tough market? Today’s show might be just what you’ve been looking for! Join us as Brandon and David sit down and bring out the gold nuggets on what’s working for successful real estate investors in today’s hot market. You’ll learn six strategies that will help you land deals and build wealth, as well as detailed insight into how to pull them off successfully. You’ll want to hear this advice about how to find deals, how to set up your business, and how to protect your capital that not everyone is talking about! For the second half of the show, Brandon and David share five “accelerants” that will help increase the level of your success once you’ve found the strategies that work for you. This show is the first of its kind, and we think you’re going to love it. You spoke, we heard, and this is the content the people want. Download and share this gem today! In This Episode We Cover:Strategy #1: BRRRRStrategy #2: House HackingStrategy #3: House FlippingStrategy #4: Vacation RentalsStrategy #5: WholesalingStrategy #6: SyndicationAccelerants and how to pour fuel on the fireOPM (other people’s money)Value-addForced equityIncreased cash flow through additional unitsLeveraging others (core four)Finding deals from your sphere of influenceFunnelsPartnershipsPersonalitiesSkill setsResourcesAnd SO much more! Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreBiggerPockets Podcast 302: Making $100k/Deal Using Other People’s Money, Time & Experience with Cory NemotoKECO CapitalKECO Capital’s InstagramBiggerPockets Hard Money LendersBiggerPockets WebinarsBiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian MurrayBiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian MurrayBiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan “The Mercenary” MurdockPaying Off Student Loan Debt with a Median Income and Two Kids in Northern California with Kyle Renke Check the full show notes here: https://www.biggerpockets.com/show358
November 21, 2019
YouTube sensation alert! On today’s show, Brandon and David sit down with real estate investor and agent Kevin Paffrath of “Meet Kevin” on YouTube. Kevin is young and doing great with real estate from several angles! He's built millions of dollars in wealth through single family properties in Southern California and shares some fantastic advice that will help you do the same. You will love his advice regarding what he looks for in rehabs, what he avoids, and how he LOVES finding properties with problems! He also discusses how he found a deal holding an open house, how he avoids paying taxes on his profits, and how he was able to buy a house with his girlfriend while working at Jamba Juice! This episode is high-energy, fun, and full of great practical advice for newbies and experienced investors alike. In This Episode We Cover:Buying his first property while working at Jamba JuiceHow he bought with PMI, then removed it laterWhy he invests as an agentWhy he tracks his net worthCommon problems that prevent investors from building wealthBuying the majority of his properties from the MLSHow he talks to other agents to get deals sent to himFinding a deal while holding an open houseWhy buying SFR to build equity then exchanging into multifamily is a great strategyAvoiding paying taxesLooking where others aren’t for dealsHow he still buys homes that get multiple offersWhy he DOESN'T want cash flow right nowA walk through of his latest rentalAttracting quality tenantsThe best kind of relationship with real estate agentsThe problems he avoids in rehabsAnd SO much more! Links from the ShowBiggerPockets ForumsBiggerPockets ProEmail: podcast@biggerpockets.comDavid's InstagramBrandon's InstagramBiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant CardoneBiggerPockets YoutubeBiggerPockets MeetupBiggerPockets Webinar Replay Check the full show notes here: http://biggerpockets.com/show357
November 14, 2019
Want to build massive wealth in a top-end rental market that’s also really expensive—all while minimizing your risk? Don’t we all! Well, you’re in luck, because today’s guest has done just that—and in a surprisingly simple way that anyone can replicate. On today’s show, Brandon and David dig deep into the strategy used by Joe Asamoah, a Washington, D.C. investor, who owns more than 30 single family homes that are currently building him massive wealth! You will be absolutely fascinated as you hear how Joe uses HUD housing vouchers to generate big returns in high-end areas while also reducing his risk to survive tough markets. Joe also shares some amazing tips for how he keeps tenants for 15 years at a time, including how he creates a huge demand for his homes, which kinds of properties he targets, and how he gets deals brought to him before anyone else. Joe goes on to reveal some extremely effective tips regarding how to treat your tenants so well they never leave, how to convince lenders to work with you, and why he visits potential tenants in their current homes on short notice. This show is chock full of extremely practical advice anyone can follow, not to mention useful tips for high-level real estate investing. This is an episode you will listen to several times and walk away extremely inspired. In This Episode We Cover:Why he targets 5-bedroom housesWhy the greatest HUD demand is for 4-, 5-, and 6-bedroom homesHUD requirements for what qualifies as a bedroomThe advantages of investing in a capital cityWhy he rehabs his properties to HGTV-grade qualityWhy he visits potential tenants at their current homesWhy he sends his tenants flowers on Mother’s Day and presents for ChristmasWhy he rewards his tenants' children for good grades and even offers vacations for tenantsHow his model is designed to be recession-proofWhy he has a 20-page leaseWhy he focuses more on reducing expenses than he does on increasing rentsWhy he hired an assistant to manage his properties instead of using a traditional property managerAnd SO much more! Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreBiggerPockets ProEmail: podcast@biggerpockets.comDavid's InstagramBrandon's Instagram
November 7, 2019
From Bangor, Maine to Maui... by providing massive value! If you’re looking for a mentor, partner, or lender, this episode is for you. You’ll learn how Ryan Murdock went from small-time landlord/property manager to major player in Brandon’s growing mobile home park empire; how he’s the perfect complement to Brandon’s DISC profile; and how they find, underwrite, and finance multi-million dollar deals. Ryan is a modest, down-to-earth guy with a keen awareness of his own strengths and weaknesses, and this episode will show you how you can develop that quality to find the right partner and level up your business (and life!). Don’t miss this one, and subscribe to the BiggerPockets Real Estate Podcast so you won’t miss out next week! In This Episode We Cover:How Brandon and Ryan metWhat Ryan did that caused Brandon to pump his brakes and start paying attentionHow they slowly formed what became one of the most dynamic duos in real estateThe attitude Ryan embraces that makes him so valuableHow he earned an equity stake in a huge companyHow they’ve hired additional members to help grow the businessLearn how to create the “vivid vision” Brandon came up withHow they joined forces to create “rocket fuel” and scale their syndication modelAnd SO much more! Links from the ShowBiggerPockets ForumsBiggerPockets EventsBiggerPockets BookstoreBiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan MurdockDave Van Horn – MidWest Real Estate Networking SummitDarren Sager's BiggerPockets ProfileBiggerPockets MoneyMindy Jensen's BiggerPockets ProfileBiggerPockets Business Podcast 16: Mastering Cash Flow and Finding Riches in “Headache” Jobs with 3Point Cleaning CEO Jesse McCueMeet Property Management Extraordinaire, RE Investor & Hotel Owner Jesse McCueBiggerPockets Business Podcast 18: How to “Have It All” by Living with Intention with Brandon TurnerBiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian MurrayBiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian MurrayBrandon's InstagramDavid's Instagram Listen on BiggerPockets: https://www.biggerpockets.com/show355
October 31, 2019
From single family to multifamily to hotels! On today’s show, Nichole Stohler sits down with Brandon and David and discusses her journey from purchasing a single family home to syndicating hotels! Nichole has a fascinating story that started with losing the first house she bought, grew into recommitting herself to learning the asset class of real estate, and ended with massive success through big deal syndications. You’ll love the advice she shares about managing managers, scaling the right way, and dealing with tenants according to three irrefutable laws. She goes on to discuss keeping properties clean, choosing the right partners, and analyzing economic factors when choosing a hotel or apartment complex. Nichole reveals tons of great tips when it comes to building wealth through various asset classes of real estate. This show has something for everyone! In This Episode We Cover:Her 3 irrefutable rules for dealing with tenantsHow she scaled from SFH to multifamily and hotelsHow she manages her managersWhat she learned from her first deal that lost her moneyWhy she committed to really learning the asset class of real estateWhy having clean apartments is so important to tenant relationsWhy so many investors make the mistake of not focusing on asset managementWhy she turned to hotels when she couldn’t find anything in the multifamily spaceHow the 1031 exchange impacted her capital gains and depreciation recaptureWhich economic drivers she looks for when choosing a property to buyWhat she’s learned about operating syndications in the hotel spaceAnd SO much more! Links from the ShowBiggerPockets ForumsBiggerPockets ProEmail Us: podcast@biggerpockets.comBiggerPockets Podcast 345: “Vivid Visions” and 90-Day Sprints—Brandon’s Approach to Mobile Home Park Investing (and Life!)BiggerPockets EventsGoodReadsJo NesboCamilla LäckbergBiggerPockets Bookstore Check the full show notes on BiggerPockets: http://biggerpockets.com/show354
October 31, 2019
From single family to multifamily to hotels! On today’s show, Nichole Stohler sits down with Brandon and David and discusses her journey from purchasing a single family home to syndicating hotels! Nichole has a fascinating story that started with losing the first house she bought, grew into recommitting herself to learning the asset class of real estate, and ended with massive success through big deal syndications. You’ll love the advice she shares about managing managers, scaling the right way, and dealing with tenants according to three irrefutable laws. She goes on to discuss keeping properties clean, choosing the right partners, and analyzing economic factors when choosing a hotel or apartment complex. Nichole reveals tons of great tips when it comes to building wealth through various asset classes of real estate. This show has something for everyone! In This Episode We Cover:Her 3 irrefutable rules for dealing with tenantsHow she scaled from SFH to multifamily and hotelsHow she manages her managersWhat she learned from her first deal that lost her moneyWhy she committed to really learning the asset class of real estateWhy having clean apartments is so important to tenant relationsWhy so many investors make the mistake of not focusing on asset managementWhy she turned to hotels when she couldn’t find anything in the multifamily spaceHow the 1031 exchange impacted her capital gains and depreciation recaptureWhich economic drivers she looks for when choosing a property to buyWhat she’s learned about operating syndications in the hotel spaceAnd SO much more! Links from the ShowBiggerPockets ForumsBiggerPockets ProEmail Us: podcast@biggerpockets.comBiggerPockets Podcast 345: “Vivid Visions” and 90-Day Sprints—Brandon’s Approach to Mobile Home Park Investing (and Life!)BiggerPockets EventsGoodReadsJo NesboCamilla LäckbergBiggerPockets Bookstore Check the full show notes on BiggerPockets: http://biggerpockets.com/show354
October 24, 2019
“Trading up” to successfully retire financially free at 40! On today’s show, Brandon and David interview retired real estate broker Tim Rhode, who explains how he was able to buy great deals and 1031 exchange them into financial freedom! Tim shares some fantastic advice on playing great financial defense to achieve an early retirement, crushing it in real estate sales, and locking up deals during his first conversation with sellers. Tim also shares how knowing his market led to him making hundreds of thousands buying land in the path of progress, how to build a “fulfillment triangle," and how he recognized the market turning in 2006 and cashed out before losing money. Tim has a huge heart, is committed to helping others get out of the rat race, and shares some incredible advice on how to do so. Make sure you listen for his description of the several levels of financial freedom and his belief that those who make it to the top of the mountain should throw down the rope for the rest still climbing. Download this one today! In This Episode We Cover:Levels of risk toleranceDelegating things you're not good atHow he got into real estate salesPlaying great "defense"Not caring about what others thinkHow he invested everything left over that he didn’t spendHow he bought his first property—a triple wide mobile home—for 50 cents on the dollarUsing his influence as a broker to get great deals before they hit the marketHow he bought land in the path of progressHow he exchanged several good deals by “trading up” into a triple net lease commercial property out of stateHis philosophy on timing marketsHis “fulfillment triangle”The power of the 1031 exchangeWhich houses he flipped and which he keptHow he retired at 40 years oldThe multiple levels of financial freedomThe financial freedom principles he teaches in his non-profitWhere he believes we are in the current market cycleAnd SO much more! Links from the ShowBiggerPockets ForumsBiggerPockets Podcast 326: Health, (Big) Wealth, and Total Accountability With David Osborn, Pat Hiban, Tim Rhode (and Josh!)Firestarter BiggerPocketsWayne DyerTom HopkinsZig ZiglarBiggerPockets BookstoreGoBundanceBiggerPockets ProEmail Us: podcast@biggerpockets.com Check the full show notes on BiggerPockets: http://biggerpockets.com/show353
October 19, 2019
Prefer to listen, rather than read? Here's a sample of the audio format of "The House Hacking Strategy: How to Use Your Home to Achieve Financial Freedom," by BiggerPockets' own Craig Curelop. In it, you'll hear:An overview of the "unfair advantages" house hacking offersA breakdown of varying house hacking techniquesA real-life case study illustrating the aboveYou can find the full audiobook here bit.ly/househackaudible. And don't forget, Audible is running a special deal for BiggerPockets Real Estate Podcast listeners! If you're not yet a member, go to http://www.audibletrial.com/biggerpockets to get a free Audible book and a free 1-month subscription.
October 17, 2019
Eighteen doors by 29 years old by never taking no for an answer! We realize there are a lot of inspirational investors out there, but on today’s show, you’re going to be blown away by one of the best. Brandon and David sit down with Diego Corzo, a “DREAMer” who moved to the United States with his family at a young age. Fast forward a few years, and Diego jumped headfirst into real estate investing, using house hacking strategies that will work for anyone. You will be blown away by Diego’s story of how he rode a bike (with his suit in a backpack to avoid getting it sweaty) when he couldn’t get a driver’s license, how he got on the fast track to becoming a millionaire, and how he overcame a speech impediment, going on to give a TED talk! You will love his fantastic advice on what to look for in a house hack property, which areas to look when investing, and how to target the perfect tenant market. You’ll also appreciate his thoughts on avoiding drama between roommates, vetting turnkey companies, and structuring partnerships. Diego goes on to share some solid info about why he prefers “B” neighborhoods over “C” and why doing your own math is so important when analyzing deals. This guest is truly an incredible person with an incredible story—not to mention some pretty fantastic investing advice. Don’t miss out! Download this episode today, and make sure you're subscribed to the BiggerPockets Real Estate Podcast so you won't miss the next one! In This Episode We Cover:How Diego owned 18 doors by 29How he overcame not having a driver's licenseWhat adversity can teach youHow he got on the fast track to becoming a millionaireHow he overcame his stutter to go on to do a TED talkHow he invests out of stateWhat he looks for in a home to house hackHow he bought his first propertyHow he bought a property with his fatherWhy he prefers “B”-class properties over “C”-class propertiesHow he vets turnkey companiesWhy doing your own math is so importantWhat he looks for in someone he can trustWhat he recommends in terms of choosing an areaHis advice for structuring partnershipsHow he recommends avoiding drama with roommates in a homeAnd SO much more! Links from the ShowBiggerPockets ForumsBrandon's InstagramDavid's InstagramDACABiggerPockets Youtube ChannelGoBundanceBiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David OsbornBiggerPockets Podcast 190: Building 61 Different Passive Streams of Income with Pat HibanBiggerPockets Podcast 318: 100 Units in the First 2 Years (Using Bank Financing!) with Collin SchwartzBiggerPockets Business PodcastLoomBiggerPockets Conference Check the full show notes here: http://biggerpockets.com/show352
October 17, 2019
Eighteen doors by 29 years old by never taking no for an answer! We realize there are a lot of inspirational investors out there, but on today’s show, you’re going to be blown away by one of the best. Brandon and David sit down with Diego Corzo, a “DREAMer” who moved to the United States with his family at a young age. Fast forward a few years, and Diego jumped headfirst into real estate investing, using house hacking strategies that will work for anyone. You will be blown away by Diego’s story of how he rode a bike (with his suit in a backpack to avoid getting it sweaty) when he couldn’t get a driver’s license, how he got on the fast track to becoming a millionaire, and how he overcame a speech impediment, going on to give a TED talk! You will love his fantastic advice on what to look for in a house hack property, which areas to look when investing, and how to target the perfect tenant market. You’ll also appreciate his thoughts on avoiding drama between roommates, vetting turnkey companies, and structuring partnerships. Diego goes on to share some solid info about why he prefers “B” neighborhoods over “C” and why doing your own math is so important when analyzing deals. This guest is truly an incredible person with an incredible story—not to mention some pretty fantastic investing advice. Don’t miss out! Download this episode today, and make sure you're subscribed to the BiggerPockets Real Estate Podcast so you won't miss the next one! In This Episode We Cover:How Diego owned 18 doors by 29How he overcame not having a driver's licenseWhat adversity can teach youHow he got on the fast track to becoming a millionaireHow he overcame his stutter to go on to do a TED talkHow he invests out of stateWhat he looks for in a home to house hackHow he bought his first propertyHow he bought a property with his fatherWhy he prefers “B”-class properties over “C”-class propertiesHow he vets turnkey companiesWhy doing your own math is so importantWhat he looks for in someone he can trustWhat he recommends in terms of choosing an areaHis advice for structuring partnershipsHow he recommends avoiding drama with roommates in a homeAnd SO much more! Links from the ShowBiggerPockets ForumsBrandon's InstagramDavid's InstagramDACABiggerPockets Youtube ChannelGoBundanceBiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David OsbornBiggerPockets Podcast 190: Building 61 Different Passive Streams of Income with Pat HibanBiggerPockets Podcast 318: 100 Units in the First 2 Years (Using Bank Financing!) with Collin SchwartzBiggerPockets Business PodcastLoomBiggerPockets Conference Check the full show notes here: http://biggerpockets.com/show352
October 13, 2019
All the BiggerPockets podcast hosts on stage in one place!  This bonus episode was recorded at the BiggerPockets Conference 2019 on October 7th in front of a live audience of more than 1,000 people at the Gaylord Opryland Resort in Nashville, Tenn. We turned the mics over to our members, who fired a bunch of great questions at Scott Trench and Mindy Jensen, Brandon Turner and David Greene, Joshua Dorkin, and J and Carol Scott. Our panelists covered some nitty gritty real estate topics, like tackling vacancy and how to invest IRA funds, as well as big-picture concepts like motivation, marketing, and teaching family members the importance of investing at an early age. Also, everyone reveals which animal they would be if they had to choose, and a member of the audience challenges David Greene to produce an analogy on the spot. Listen to find out whether he performed under pressure!  Our first conference in seven years was a big success, and we’re so thankful to everyone who came out to learn, network, and have a great time. Download this bonus episode, and be sure to subscribe to all three shows BiggerPockets Real Estate Podcast, BiggerPockets Money Podcast, and BiggerPockets Business Podcast so you won't miss an episode.
October 10, 2019
Stop whatever you are doing and download this episode right now! Today’s show is highly likely to change your life in ways you may not have even realized it needed changing! Brandon and David sit down for an amazing interview with Ryan Holiday, keynote speaker and bestselling author of Ego Is the Enemy, The Obstacle Is the Way, and Stillness Is the Key. And Ryan does not disappoint! You will be blown away with his advice regarding how we talk ourselves into buying deals we know we shouldn’t, how he conducts cost/benefit analysis on different opportunities that come his way, and how he’s learned to avoid “success” when it will cost him more than it’s worth. Ryan also shares some mind-blowing knowledge about why we make bad decisions; why working harder isn’t always better; and how to identify virtues or skills you are lacking in a given situation, so you can figure out the path to the result you want. In addition, he shares how he models himself after the best and brightest minds he knows, how he believes in the power of journaling, and how important it is to put your strongest energy into the pursuits that will yield the highest ROI. This show is simply an incredible breakdown on human performance, goal setting/reaching, and using real estate to accomplish what really matters in life. Download this one today and buckle your seat belt! In This Episode We Cover:How to let your individual trials help you grow by how you respondHow to recognize why you made bad decisionsHow to avoid worse decisionsWhy he invests in short-term rentalsWhat he means by “stillness is the key”How to become something betterWhy “working harder” isn’t always the best answerHow success can actually become a trap for usHow our best ideas can come from time away to thinkHow to model ourselves after the best, brightest, and most successful mindsWhy he believes so much about the power of journalingHow to create routines that free your mind to reach new heightsHow to put your energy into efforts that lead to a better ROI on your timeAnd SO much more! Links from the ShowBiggerPockets ForumsAudible TrialBiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal NewportAmerican ApparelBiggerPockets Youtube ChannelBiggerPockets InstagramBrandon's InstagramDavid's Instagram Listen on BiggerPockets: http://biggerpockets.com/show351
October 3, 2019
Ever wanted to break into real estate but just weren’t sure how to take that first step? You're not alone! Almost all investors struggled with their first deal. But today’s guest may be just what you needed to get your foot in the door! On today’s show, Brandon and David dive deep into the mind of Craig Curelop, the author of BiggerPockets Publishing's new book The House Hacking Strategy. Craig shares some incredible advice on how he eliminated his living expenses and earned as much as one could from a full-time job through house hacking—all by age 26! Craig breaks down just how simply you can get your first property with less than 5 percent down and turn it into a wealth-building machine that will help you achieve a “return on your potential” you may not have realized you’re currently lacking. You’ll learn what to look for in a house hack, how to find the “path of progress” to start your search, and which straightforward criteria we can all use when searching for deals. You’ll also hear how to make “hedonic adaptation” work for you, how to exchange comfortability for profitability, and how to decide which property would work best for your specific situation. We ALL want to own more real estate, and we all need somewhere to live. On today’s show, you’ll learn how to combine those two needs to build wealth and save money at the same time. Download this one today! In This Episode We Cover:Why he left Silicon Valley to build wealth through real estateHow he bought his first house hack Why house hacking is so effective for establishing financial freedomHis scale of comfortability vs. profitabilityWho should house hackWhy expensive markets are the best places to build wealth through real estateThe importance of solid metrics in a potential house hackHow he gets in front of the “path of progress” to maximize returnsHow to take advantage of low down payment options to snag properties that earn incomeHow house hacking allows you to find the “return on your potential”How to make “hedonic adaptation” work for you, not against youAnd SO much more! Links from the ShowBiggerPockets ForumsBiggerPockets Podcast 252: House Hacking (Your First Deal) & Life Hacking with Craig CurelopBiggerPockets Podcast 014 : Cash Flow, Creative Finance, and Life with Ben LeybovichZillowXero Accounting Software You can listen on BiggerPockets here: http://biggerpockets.com/show350
September 26, 2019
Apartment flipping from one of the best in the biz! On today’s show, Brandon and David sit down with Nathan Tabor, a well-known multifamily investor who has done 26 multifamily flips in less than 10 years! You will love this informational and oftentimes hilarious episode, where Nathan shares some fantastic advice on how to flip apartments for big returns, what to look for in a deal, and which five incredible pieces of due diligence every investor needs to know. You’ll also love his straightforward direction regarding questions to ask the county zoning department, great advice for raising money, and some mind-blowing insight into who actually owns fire hydrants! This show is a very fun listen with tons of talk about dealing with rejection, finding the niche that’s perfect for you, and applying information you already know. Nathan's story is sure to change your mindset and confidence when it comes to taking action in your life. Make sure you listen today! In This Episode We Cover:How title insurance worksHow to check with the zoning department to make sure you don’t get burnedHow to file a claim for title insuranceHis fantastic advice for due diligence checklistsHis advice for finding your nicheThe benefits of niching downHow to find your passion and inner focusHow to handle the fear of rejectionThe key to applying information you have in your life alreadyHow to flip an apartment or apartment complexAdvice for raising moneyHow to understand what a cap rate isWhy multifamily may be less risky than single familyAnd SO much more! Links from the ShowBiggerPockets ForumsBrandon's InstagramDavid's InstagramBiggerPockets SignupJoe Fairless Denver ConferenceLoopnetBiggerPockets Podcast 345: “Vivid Visions” and 90-Day Sprints—Brandon’s Approach to Mobile Home Park Investing (and Life!)Up MovieGoogle Business TemplateApartments.comForrent.com
September 26, 2019
Apartment flipping from one of the best in the biz! On today’s show, Brandon and David sit down with Nathan Tabor, a well-known multifamily investor who has done 26 multifamily flips in less than 10 years! You will love this informational and oftentimes hilarious episode, where Nathan shares some fantastic advice on how to flip apartments for big returns, what to look for in a deal, and which five incredible pieces of due diligence every investor needs to know. You’ll also love his straightforward direction regarding questions to ask the county zoning department, great advice for raising money, and some mind-blowing insight into who actually owns fire hydrants! This show is a very fun listen with tons of talk about dealing with rejection, finding the niche that’s perfect for you, and applying information you already know. Nathan's story is sure to change your mindset and confidence when it comes to taking action in your life. Make sure you listen today! In This Episode We Cover:How title insurance worksHow to check with the zoning department to make sure you don’t get burnedHow to file a claim for title insuranceHis fantastic advice for due diligence checklistsHis advice for finding your nicheThe benefits of niching downHow to find your passion and inner focusHow to handle the fear of rejectionThe key to applying information you have in your life alreadyHow to flip an apartment or apartment complexAdvice for raising moneyHow to understand what a cap rate isWhy multifamily may be less risky than single familyAnd SO much more! Links from the ShowBiggerPockets ForumsBrandon's InstagramDavid's InstagramBiggerPockets SignupJoe Fairless Denver ConferenceLoopnetBiggerPockets Podcast 345: “Vivid Visions” and 90-Day Sprints—Brandon’s Approach to Mobile Home Park Investing (and Life!)Up MovieGoogle Business TemplateApartments.comForrent.com
September 19, 2019
Today’s guest is proof rental property investing can be fun, rewarding, and—with the right systems in place—totally doable… even with a job and a family. Ashley Kehr sits down with Brandon and David and shares some great advice for building a rental property portfolio without much hassle or headache! Ashley manages all her own rentals and discusses the top three apps she uses to do it with ease. She also shares how she structures her partnerships, how she pitches her deals, and how she’s finding deals in today’s hot market. Ashley gives great advice for what most newbies get wrong about investing, which apps she uses to find off-market property owner info, and how she uses her children to help her find potential deals! Plus, you won’t want to miss how Ashley helped her sister buy a duplex (and spend just $45 a month to live there), as well as how she bought a property no one else wanted, pulled $6,000 more out of it than she put in, and created a cash flow of almost $1,000 a month! Today’s show is fun, entertaining, and full of great advice for investors of all levels. Download this one today! In This Episode We Cover:3 apps Ashley uses to remove herself from the businessHow she uses technology to systemize her rural businessHow she structured her first partnerships (with ease!)Where she's finding dealsHow she used her current job and boss to get into investingWhat newbies get wrong about the reality of investingHow she uses apps to find off-market dealsUsing her children to find deals while driving in the car (a fun family game!)How she helped her sister buy a duplex at 20 years oldHow she bought a property for each of her kidsHow she set it up to be paid off and refi-ed by collegeHow she uses a commercial line of credit to borrow money to buy new propertiesHow she finds properties on the MLSWhy she always tells everyone she buys rental propertiesWhat her favorite parts of the business areHow she bought a property no one else wanted for $35K, pulled out $6K more than she put in, and cash flows almost $1K/monthAnd SO much more! Links from the ShowBiggerPockets Conference (Last Chance!)BiggerPockets ForumsBiggerPockets WebinarBiggerPockets InstagramBiggerPockets Twitter ProfileBiggerPockets ProBuildiumAppFolioOne DriveGoogle DriveGoogle VoiceEverlanceLandglideOnX MapsZillowBiggerPockets Podcast 346: 34 Units & 6-Figure Wholesale Fees (at 20 Years Old!) with Josiah PottBiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan MurdockBrandon's InstagramDavid's Instagram Check the full show notes here: http://biggerpockets.com/show348
September 12, 2019
On today’s show, a married couple who scaled to 5,000 units together! Brandon and David interview Mark and Tamiel Kenney, a husband and wife team who buy large apartment complexes through the power of syndication. This mighty couple shares some great insight into how to find the right partner, how to set expectations with your agent (or team member) in the beginning, and how coming up with strict criteria helped them overcome their fear of getting started. You’ll love their advice on what they learned in the first 12 months to help them land their first deal, how they split profits with investors, and which are the most important fundamentals for any multifamily investor to learn. You DO NOT want to miss their advice on following up after meeting with brokers or investors. Plus, they reveal the most common trait successful syndicators share. Mark and Tamiel go on to share how they’ve struggled with—and overcome—the difficulties of balancing a demanding business while still carving out valuable family time. Don’t miss this episode, and subscribe to the BiggerPockets Real Estate Podcast so you won’t miss the next! In This Episode We Cover: - What to look for in partners - How to have conversations with brokers and managers to set expectations - What they learned in their first year that allowed them to land their first big deal - The importance of strict criteria - Mistakes they made that prevented them from being successful - How they find deals their investors will want to invest in - How to provide clarity to help investors feel comfortable moving forward - How to use social media to build your database of partners, investors, and brokers - Advice for standing out from other buyers when interacting with brokers - How they split up the various tasks of their business - How a typical syndication split looks in their deals - What success looks like in their family and business - Why learning the fundamentals is more important than complicating your business - And SO much more! Links from the Show: BiggerPockets Forums BiggerPockets Webinar Monkeypod Kitchen Pacific North West Real Estate Wealth Expo BiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber Zillow Linkedin Brandon's Instagram Josh's Instagram Click here to listen on Biggerpockets: https://www.biggerpockets.com/show347
September 5, 2019
Attention: this is a must-listen show! Whatever you’re doing, stop and download today’s episode! Brandon and David sit down with Josiah Pott, a real estate investor/wholesaler who is doing six-figure deals at 20 years old, using nothing but old fashioned cold calling. Josiah shares just how he puts houses under contract and wholesales them for big profits—then converts that money into cash-flowing rental property. You will love hearing how he found his first mentor (and got paid $20K to do so), why he dropped out of college to invest in real estate, and what his five tools are for finding off-market property owner info. You’ll also love hearing how the power of compound interest changed his life, how he uses a calendar to manage his lead follow-up, and how he handles questions regarding his young age. Josiah has done several deals where he’s made well over six figures and will tell you exactly how he did so. Don’t miss out on this game-changing info. Download this show today! In This Episode We Cover:His five tools for finding off-market property owner infoHow he wholesales and turns that into rentalsWhy he won’t miss out on seller financing in the futureWhy he wants things to be “hard”How he found a mentor (and got paid $20K by them)Why he dropped out of college to invest in real estateHow the power of compound interest changed his life, mindset, and approach to building wealthHow he’s accumulated a very impressive portfolio at 20 years oldWhy he uses cold calling to build wealthHow he made $127K on one dealHow he made $355K on a deal with his partnerHow he organizes his business so he doesn’t lose dealsWhy he keeps a personal touch in his businessHow he handles questions about his young ageHow he and his wife work together on their businessAnd SO much more! Links from the ShowBiggerPockets ForumsBrandon's InstagramDavid's InstagramPodioPipeDriveTrello Check the full show notes here: http://biggerpockets.com/show346
August 29, 2019
Today, Brandon Turner’s on the other side of the microphone. J and Carol Scott, co-hosts of the BiggerPockets Business Podcast, recently interviewed him… and the result was so epic we wanted to share it here, too! In this episode, Brandon reveals why he chose mobile home park investing (hint: NOT necessarily because it’s the “best” investment) and describes the method his team used to get hundreds of pads under contract in just a few months. (It's an approach YOU can apply using the new BiggerPockets Intention Journal.) But this show is about much more than real estate. It’s about avoiding that all-too-common pitfall where you set an ambitious goal only to see it buried under an avalanche of more urgent (but less important) responsibilities. Brandon shares the tools he’s used to break that cycle and how he’s applied them to other challenges—like moving to Hawaii, improving his personal health, and spending more meaningful time with his family. You’ll hear how Brandon’s first business venture failed, how he got into real estate investing for cash flow, and how he discovered a way to bring BIG value to BiggerPockets as Employee #2, despite not owning a computer the year before! Oh, and you’ll learn the meaning of “M.I.N.S.” and the role they play in moving your business forward (ESPECIALLY when the going gets tough).  Brandon also shares why writing out a “vivid vision” of your future might be the best thing you can do to move yourself closer to your ideal life; why he asks, “What would be awesome?” and then works backwards; and why he and his wife organize a goal-setting retreat together on the same day every year. This is an amazing episode that lays out a battle plan for getting WAY more done while setting aside quality time for friends, family, and fun.  Download this one, and subscribe using your favorite podcast app so you won’t miss any future shows! In This Episode We Cover:Brandon's mobile oil change business plan (that he didn't execute on)How he flipped a house and spent all the moneyBrandon's very first house hackHow he “got into the business of collecting units” and quit his jobHow a cold email led to him working for BiggerPocketsThe strategy he used to write 50 blog posts in a year for BiggerPocketsBrandon's thoughts on the path to 100 units Why you should ask yourself, “What would be awesome?”How to ask, “What if it was easy?” and work backwards toward your goalHow to balance family life and health with business Why he chose mobile home park investing (hint: not because it’s the “best” asset)How to "have it all" (as long as you’re focused and tracking everything)Tips for setting goals as a coupleHow to identify the “Most Important Next Step” (M.I.N.S.) and then time block it The 90 Days of Intention JournalThe importance of writing down goals every dayAnd SO much more! Links from the ShowBiggerPockets ForumsBrandon's InstagramDavid's InstagramBiggerPockets Business PodcastSmart Passive Income BlogViper ChillNeil PatelGraphicRiver.netBiggerPockets Podcast 230: Real Estate Investing as a Side Hustle with Grammy-Winning Producer Seth MosleyMusic and Money Investor Group"Heartbeat" Music VideoBrandon's Vivid Vision (photo)Tim Ferriss ShowFull Circle MusicBiggerPockets PodcastJosh DorkinJ Scott's BlogBiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan MurdockBiggerPockets Money PodcastMindy JensenScott TrenchDavid GreeneReal Estate In Your TwentiesBiggerPockets Bookstore
August 22, 2019
Over 25 seller financed deals in a few short years! Today’s guest, former service member (and diamond pushup world record holder) Gabriel Hamel, sits down with Brandon and David to share how he built a portfolio of over 140 units (in an expensive market) using creative methods and seller financing to make deals where other investors miss them! Gabriel shares how he started investing in a tough market and used sub-prime lending (successfully) to house hack his first few properties. He gives some awesome advice on approaching sellers with seller financing proposals, structuring the offers, and showing them how it’s a win-win. He also gives great advice on finding gentrifying markets, walking away from closings with money in his pocket, and applying a mindset to real estate investing that helps him succeed in all aspects of life! Gabriel has very practical, down-to-earth, useful advice and shares it willingly. This is an episode for both newbies and experienced investors to download today! Listen to the full episode here: http://biggerpockets.com/show344 In This Episode We Cover:Started with sub-prime lending and it worked outHouse hacked his first and second homeOwns 140 units nowHow he got started buying properties in a scary market from 2009-2012Why he began with seller financingHow he found his first off-market dealsSeller financing wizardryWhat he looks for in improving neighborhoodsHow he’s been able to walk away with cash at closing—better than no moneyWhy he focuses more on terms than just priceHis advice for having a success mindset in ALL areas of lifeWhat he looks for in a dealHow he scaled to over 100 unitsAnd SO much more! Links from the ShowBiggerPockets ForumsBiggerPockets Youtube ChannelBrandon's InstagramDavid's InstagramWant to host your own BiggerPockets podcast? Pitch us!GoBundance
August 15, 2019
Want to build a cash flowing portfolio while working a full time job? Today’s guest did just that! Steve Rosenberg shares his incredible story of how he built a huge property management company (along with several cash flowing rental properties) while working as an airline pilot and travelling the country! Steve has a genuine, straight forward style and shares what he did wrong buying real estate, where he learned what his strengths are, and how he and his partner resurrected a dying business. Steve also shares how he learned why systems are so important, how he learned to build them, and which systems he uses in his own business to save time, make money, and scale! Steve shares some of the most painful lessons he learned through failure so you don’t have to learn them yourself. This is an episode you definitely want to download today!
August 8, 2019
From buying duplexes to a self-storage empire! Today’s guest Kris Benson sits down with Brandon and David to talk about his remarkable journey across all kinds of different real estate asset classes. Kris began with a successful sales career and explains why he transitioned into owning real estate instead. You’ll love Kris’s story about how he built a 64-unit apartment complex (in a cornfield), how he found partners to bring the project to life, and how it all started with one phone call! He also shares why he now invests in self-storage, how he evaluates properties, and why he believes this asset is recession-proof! Kris provides great advice for raising money and finding your niche, and explains his theory that “deals create deals” as he walks through his journey. This is a fantastic show full of great content. Download today! In This Episode We Cover:Why he transitioned out of a successful sales careerHow he got started with a duplex and built up to a large commercial real estate portfolioHow he acquired 20 small multifamily units—and hated itHow he built a 64-unit apartment complex from the ground upHow he got involved in a condo syndication projectHow he began finding the right partners to build multifamily projects withHis theory on “deals create deals”Why he now invests in self-storageWhere to find data on self-storage and REIT’sWhy he believes self-storage is recession-proofHow the best opportunities in his life have come from cold calls to property owners or friendsHow he learned his skillset and why he sticks to itHis advice for raising money from othersAnd SO much more! Links from the Show:BiggerPockets ForumsKris's first BiggerPockets Forums PostBiggerPockets StoreBiggerPockets ShirtsMindy's BiggerPockets ProfileBiggerPockets Money PodcastBuck ConstructionApartments.comCity Point CapitalBiggerPockets Podcast 227: From Single Family Houses to $130,000,000 in Multifamily with Joe FairlessUpWork
August 1, 2019
Real estate flipper, broker, contractor, and more! Today’s guest, Jared Holland, is doing 30 deals a year and profiting from all different phases of a flip-and he shares exactly how he does it! Today’s show gets into the nitty gritty of Jared’s business and how he grow from one wholesale deal to running an entire business in a short period of time. You’ll love Jared’s advise on using a multitude of methods to find deals, how he handled the transition of going from employee in his business to manager of his business, and how he got his first deal from a hedge fund! You’ll also find some fantastic advice about finding the right mindset in an employee/partner, how to find deals if you have no money, and why you should NEVER assume the person you’re talking to doesn’t want to work with you. Jared gives some great advice on why taking big action matters, as well as how to decide which actions you should start with. If you’re looking to level up your investing, or take your business from successful to great, download this one today!
July 25, 2019
Would you be interested in taking your retirement account and turning it into 22 cash flowing rental properties? What about doing it with someone else’s capital? Today’s guest did just that! Whitney Hutten shares her incredible story of how she built a rental property empire off of a 401k account by leveraging the power of a team! You’ll love how she made 50k on one of her first deals (without paying a dime of the mortgage herself) and how she used Brandon Turners method known as “the stack” to keep building! She also shares how she got her start in turnkey houses and moved along a spectrum to get to fixer-upper BRRRR’s, how she bought 10 houses her first year, and why she invests out of state. Whitney goes DEEP sharing which parts of town she invests in, why she invests near hospitals, and how she netted a 30% ROI on a BRRRR gone wrong! You do not want to miss this inspirational story of how an “average Jane” accomplished extraordinary results through real estate-including how she fixed a bus falling on one of her houses and survived a racoon infestation on another! This show is hilarious, insightful, and content packed. Download today!
July 18, 2019
Over 20 years' experience in mobile home park mastery! On today’s show, Brandon and David interview Frank Rolfe, an experienced mobile home park investor with TONS of great advice to share—and share he does! You won’t want to miss Frank’s incredible tips for using seller financing to buy parks, staying low risk while scaling, and the beauty of owning “small cities”! He also gives fantastic advice for making “stakeholders” out of tenants, describes what the perfect mobile home park setup looks like, and discusses how to find pocket listings no one else is seeing. Frank goes on to share the incredible story of how he bought a mobile home park with a wrestling ring in the back and how he sold it for a $1 million profit seven years later! In addition, he talks about his strategy for finding the perfect resident manager and insuring yourself against embezzlement from your management team. This is one of the most information-packed shows we’ve ever done in the MHP space, and you’ll be blown away by the amount of content here. Download it today! In This Episode We Cover: How Frank uses seller financing to buy deals he never could with a bank How he stays low risk while scaling How he got started with a billboard business How he owns “small cities” The key to doing seller financing correctly How he rents to “stakeholders” not just tenants What the perfect mobile home park setup looks like Why he loves mobile homes (aka "the gem" of real estate) Why mom and pop-type owners love mobile home parks How the average park can be bought and rents doubled year one The win-win opportunity mobile home parks provide for tenants and owners The mistakes he made on his first deal and how he learned to avoid it The No. 1 thing to look for when buying a park His strategy for finding pocket listings from brokers The 5 ways he finds parks to buy And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Business Podcast BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock 21st Mortgage
July 11, 2019
From waiting tables to scaling up to 250 units! Today’s show is going to blow your mind. Brandon and David sit down with James Dainard, a real estate investor in the Seattle area, who is using his broad knowledge of real estate investing to do some big things! James shares how he got started door-knocking for someone else’s company to learn the business—and things took off from there! He also shares how he’s finding 60 percent of his deals from the MLS, how he uses local zoning knowledge to find opportunities others are missing, and how he made over a million dollars off an MLS flip! James has some GREAT strategies he uses, including combining flipping, wholesaling, and BRRRRing; improving the return on his equity; and “inventing returns." You’ll also be blown away at how he created a 60-room rental (!!!) property that earns over $9K a month and how he saves money on maintenance and property management by running it all in-house. James is a smart, humble, and experienced investor doing some very impressive stuff. Download this one today! In This Episode We Cover: How he got started door-knocking for someone else’s company Story behind his first deal How he bought a 60-room house How he got to over 200 units all single-family Combining wholesaling, flipping, and BRRRR What he looks for in an area and using zoning knowledge to find opportunity Profiting $1 million on a flip he found on the MLS About his apartment complex that was on the market for 200+ days How he uses flips to fund his rentals Getting 60% of his deals off the MLS How he calculates the return on his equity Why he hires people in-house to manage properties and do maintenance How he BRRRRed a deal with no money left in that cash flowed $2K a month His unique method for “inventing” returns And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Premium Forum Thread about BiggerPockets Premium BiggerPockets Youtube Page BiggerPockets Podcast 302: Making $100k/Deal Using Other People’s Money, Time & Experience with Cory Nemoto Brandon's Instagram David's Instagram
July 4, 2019
Want to learn from two guys who have weathered several real estate market cycles and come out on top? You’re in the right place! In this episode, Brandon and David sit down with Russell Gray and Robert Helms, longtime hosts of the Real Estate Radio Guys program. In this wide-ranging discussion, Russell and Robert cover a TON of subjects, from house hacking to investing in overseas resorts. The guys share the lessons they learned from the 2008 crash (hint: don’t rely too heavily on credit) and explain how they’re preparing for the next one. They break down how multifamily investing is just like running a business, and why hiring an assistant is the most important first step when scaling up. Russell and Robert also tell us why having an A-student mentality can hinder new investors (and make them a target for gurus), and why you don’t need to know every step in order to just get started. You’ll learn why Robert is about to make his 137th trip to Belize, why he and Russell stopped investing in Mexico and Australia, and why you should design your own personal investment philosophy, too.  If you’re a big-picture thinker interested in using the tax code to your advantage and staying on top of market cycles, this show will blow your mind. Listen here or on your favorite podcast app, rate and review us, and subscribe so you won’t miss the next one! In This Episode We Cover: How these guys inspired Brandon What an entrepreneur does How gurus take advantage of hungry new investors How they are preparing for the next real estate downturn Their strategy for building big wealth in other countries How they learned the lesson about needing sufficient reserves the hard way What to do when available credit goes away Why they invest in resorts Where we are in the market cycle Why they are locking in long-term debt right now What they learned from the 2008 crash How to prepare and win for the next downturn What an opportunity zone is and how to use them Why they study global economics And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Real Estate Podcast Robert Kiyosaki BiggerPockets Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy Peak Prosperity Brandon's Instagram David's Instagram
July 4, 2019
Want to learn from two guys who have weathered several real estate market cycles and come out on top? You’re in the right place! In this episode, Brandon and David sit down with Russell Gray and Robert Helms, longtime hosts of the Real Estate Radio Guys program. In this wide-ranging discussion, Russell and Robert cover a TON of subjects, from house hacking to investing in overseas resorts. The guys share the lessons they learned from the 2008 crash (hint: don’t rely too heavily on credit) and explain how they’re preparing for the next one. They break down how multifamily investing is just like running a business, and why hiring an assistant is the most important first step when scaling up. Russell and Robert also tell us why having an A-student mentality can hinder new investors (and make them a target for gurus), and why you don’t need to know every step in order to just get started. You’ll learn why Robert is about to make his 137th trip to Belize, why he and Russell stopped investing in Mexico and Australia, and why you should design your own personal investment philosophy, too.  If you’re a big-picture thinker interested in using the tax code to your advantage and staying on top of market cycles, this show will blow your mind. Listen here or on your favorite podcast app, rate and review us, and subscribe so you won’t miss the next one! In This Episode We Cover: How these guys inspired Brandon What an entrepreneur does How gurus take advantage of hungry new investors How they are preparing for the next real estate downturn Their strategy for building big wealth in other countries How they learned the lesson about needing sufficient reserves the hard way What to do when available credit goes away Why they invest in resorts Where we are in the market cycle Why they are locking in long-term debt right now What they learned from the 2008 crash How to prepare and win for the next downturn What an opportunity zone is and how to use them Why they study global economics And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Real Estate Podcast Robert Kiyosaki BiggerPockets Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy Peak Prosperity Brandon's Instagram David's Instagram
June 27, 2019
Location, location, location! On today’s show, Brandon and David sit down with Robert Jones, a real estate agent and investor in Colorado, who has built a cash-flowing portfolio with millions of dollars in equity in an expensive market. Robert will blow you away with his knowledge on making deals work (even through the MLS) and choosing what to buy. You won’t want to miss his advice on buying properties with super low down payments, targeting ideal locations that attract ideal talents, and using agents to do the work of finding deals. You’ll also love his tips for creating systems so he can travel while making money and identifying the qualities of a good agent. Robert is extremely humble for having such massive success, and he shares his whole playbook for how he built a portfolio of 26 units worth millions before the age of 35. DO NOT miss this one. Download today! In This Episode We Cover: Turning primary residences into rental properties What are capital gains Should you rent or sell your house? Moving to a new house every year Taking 3 months off while having a real estate business Real estate to fund your life Being an agent or not How "The Stack" works And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar GoBundance Audible Federal Housing Finance Agency BiggerPockets Podcast 280: The Key to Making Great Deals (Hint: Overlooked Properties!) with Mark Hentemann (Writer for TV’s Family Guy!)
June 27, 2019
Location, location, location! On today’s show, Brandon and David sit down with Robert Jones, a real estate agent and investor in Colorado, who has built a cash-flowing portfolio with millions of dollars in equity in an expensive market. Robert will blow you away with his knowledge on making deals work (even through the MLS) and choosing what to buy. You won’t want to miss his advice on buying properties with super low down payments, targeting ideal locations that attract ideal talents, and using agents to do the work of finding deals. You’ll also love his tips for creating systems so he can travel while making money and identifying the qualities of a good agent. Robert is extremely humble for having such massive success, and he shares his whole playbook for how he built a portfolio of 26 units worth millions before the age of 35. DO NOT miss this one. Download today! In This Episode We Cover: Turning primary residences into rental properties What are capital gains Should you rent or sell your house? Moving to a new house every year Taking 3 months off while having a real estate business Real estate to fund your life Being an agent or not How "The Stack" works And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar GoBundance Audible Federal Housing Finance Agency BiggerPockets Podcast 280: The Key to Making Great Deals (Hint: Overlooked Properties!) with Mark Hentemann (Writer for TV’s Family Guy!)
June 20, 2019
A whopping 73 units a year without negotiating your own deals! Today’s guest Ryan Dossey breaks down his business and shares how he built a deal-finding pipeline he runs without doing the work! Ryan gives great insight into how he finds deals directly from sellers, has team members meet with and close deals, then decides if he wants to keep them or wholesale them. If you’ve ever been interested in how to build systems to get your time back, this is a show for you. You won’t want to miss how Ryan used BiggerPockets to start and grow his business, how he began wholesaling, and how he uses NONE of his own money. You’ll also love hearing how Ryan made $10K in four hours on his first deal and how he built a conveyor belt to close deals while he’s out of the country. Plus, he gives investors AMAZING advice on approaching a mentor the right way! Ryan is a great example of how to use BiggerPockets to grow your wealth and portfolio, and he shares some powerful tips about how you can do the same. Download this one today! In This Episode We Cover: How Ryan got into real estate in spite of never graduating high school How he learned to see the world from a different perspective than everyone else Why he markets directly to sellers How he used BiggerPockets to build several different businesses How he got his first wholesale deal (and made $10K in four hours doing so) Why he went full time into RE and how he knew it was the right time to do it How he chooses his markets What no one tells you about the RIGHT way to approach a potential mentor How he built a conveyor belt to close deals while he’s out of the country Why he invests in multifamily The No. 1 thing a newbie needs to know to get started wholesaling Why focusing on one task is key to being successful faster And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar GoBundance BiggerPockets Airbnb CalculatorBiggerPockets Podcast 068: Being a Superhero House Flipper, Investor, and Team Leader with Mark Ferguson InvestFourMore Podio Deal Machine (App) CallPorter
June 20, 2019
A whopping 73 units a year without negotiating your own deals! Today’s guest Ryan Dossey breaks down his business and shares how he built a deal-finding pipeline he runs without doing the work! Ryan gives great insight into how he finds deals directly from sellers, has team members meet with and close deals, then decides if he wants to keep them or wholesale them. If you’ve ever been interested in how to build systems to get your time back, this is a show for you. You won’t want to miss how Ryan used BiggerPockets to start and grow his business, how he began wholesaling, and how he uses NONE of his own money. You’ll also love hearing how Ryan made $10K in four hours on his first deal and how he built a conveyor belt to close deals while he’s out of the country. Plus, he gives investors AMAZING advice on approaching a mentor the right way! Ryan is a great example of how to use BiggerPockets to grow your wealth and portfolio, and he shares some powerful tips about how you can do the same. Download this one today! In This Episode We Cover: How Ryan got into real estate in spite of never graduating high school How he learned to see the world from a different perspective than everyone else Why he markets directly to sellers How he used BiggerPockets to build several different businesses How he got his first wholesale deal (and made $10K in four hours doing so) Why he went full time into RE and how he knew it was the right time to do it How he chooses his markets What no one tells you about the RIGHT way to approach a potential mentor How he built a conveyor belt to close deals while he’s out of the country Why he invests in multifamily The No. 1 thing a newbie needs to know to get started wholesaling Why focusing on one task is key to being successful faster And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar GoBundance BiggerPockets Airbnb CalculatorBiggerPockets Podcast 068: Being a Superhero House Flipper, Investor, and Team Leader with Mark Ferguson InvestFourMore Podio Deal Machine (App) CallPorter
June 13, 2019
Self-storage with OPM! Today’s guest Ben Lapidus sits down and spills the beans on his strategies for buying self-storage units and running an investment fund with other people’s money. Ben has some really great advice for those who want to get started in self-storage, including how he got started getting 25% of other people’s deals, why he jumped from single family into commercial opportunities, and how he mitigates risk in the self storage space. You also won’t want to miss what he shares regarding how he picks a market, his criteria for buying a deal, and where he recommends brand new self storage investors get their start (hint-it’s all about size). If you want to have your mind blown, you CAN’T miss his technique for seller financing negotiating where he improves his terms by saving the seller’s money on their taxes-brilliant! This episode is completely full of high energy, content packed, practical advice for getting into commercial opportunities with other people’s money and we guarantee you will learn a TON. Download today and buckle your seat belt! In This Episode We Cover: How Ben found real estate after finding success in other business ventures Starting off investing with partners and getting 25% of the deal with none of the risk or capital Why he jumped from SFR to apartments What he learned buying an awful property on his first deal How he put together his first syndication Why he invests in self storage How he found opportunities while looking for something else How he focuses on his strengths and finds partners to handle his weaknesses How he finds deals in today’s market His criteria for what he needs to see in a market How he mitigates risk when buying self storage Why he looks for “expansion potential” How he finances his deals, the strategy he recommends for newer self storage buyers to look into His BRILLIANT tax saving strategy he uses to save thousands of dollars on seller financing opportunities The one thing he think should be taught in school that isn’t How he recommends people improve their people skills and forming connections And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Premium Best Ever Conference BiggerPockets Podcast 227: From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ Osborne
June 13, 2019
Self-storage with OPM! Today’s guest Ben Lapidus sits down and spills the beans on his strategies for buying self-storage units and running an investment fund with other people’s money. Ben has some really great advice for those who want to get started in self-storage, including how he got started getting 25% of other people’s deals, why he jumped from single family into commercial opportunities, and how he mitigates risk in the self storage space. You also won’t want to miss what he shares regarding how he picks a market, his criteria for buying a deal, and where he recommends brand new self storage investors get their start (hint-it’s all about size). If you want to have your mind blown, you CAN’T miss his technique for seller financing negotiating where he improves his terms by saving the seller’s money on their taxes-brilliant! This episode is completely full of high energy, content packed, practical advice for getting into commercial opportunities with other people’s money and we guarantee you will learn a TON. Download today and buckle your seat belt! In This Episode We Cover: How Ben found real estate after finding success in other business ventures Starting off investing with partners and getting 25% of the deal with none of the risk or capital Why he jumped from SFR to apartments What he learned buying an awful property on his first deal How he put together his first syndication Why he invests in self storage How he found opportunities while looking for something else How he focuses on his strengths and finds partners to handle his weaknesses How he finds deals in today’s market His criteria for what he needs to see in a market How he mitigates risk when buying self storage Why he looks for “expansion potential” How he finances his deals, the strategy he recommends for newer self storage buyers to look into His BRILLIANT tax saving strategy he uses to save thousands of dollars on seller financing opportunities The one thing he think should be taught in school that isn’t How he recommends people improve their people skills and forming connections And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Premium Best Ever Conference BiggerPockets Podcast 227: From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ Osborne
June 6, 2019
Commercial real estate like you’ve never heard it before!  On today’s episode, Brandon and David sit down with Ken Wimberly, the owner of a Keller Williams commercial brokerage and a commercial investor himself. Ken shares some incredible tips on how to get into owning commercial property, including how to find quality tenants, how to structure the lease, and how to protect yourself from a changing market. He also provides great advice on building relationships and identifying who NOT to partner with. Ken goes on to talk about how he went from working in a pizza restaurant to cashing his first check for 50K as a broker—with absolutely no training program! He shares some incredible advice for opening a laundromat, making huge returns, and successfully investing in other people’s deals, too. If you’ve ever been interested in how to do big deals without big headaches, this episode is for you! In This Episode We Cover: How he builds relationships How he learned the commercial business sitting across from a mentor and listening How he buys laundromats Investing in commercial spaces Using OPM to buy land and selling a 5K investment for 150K How he earned a commission of $50K on a deal he couldn’t do How he chooses his business partners His morning routine What to look for in a potential partner to disqualify them How newbies should start off investing in commercial property How to balance investing with family time How he structures deals Tips on owning a business inside your commercial building How he invests in other people's deals And SO much more! Links from the show:BiggerPockets Forums BiggerPockets Webinar BiggerPockets Commercial LendersCBRE BiggerPockets Podcast 190: Building 61 Different Passive Streams of Income with Pat Hiban BiggerPockets Podcast 322: 3 Things Every Leader MUST Do to Scale with Ben Kinney Google Alerts GoBundance BiggerPockets Business Podcast
June 6, 2019
Commercial real estate like you’ve never heard it before!  On today’s episode, Brandon and David sit down with Ken Wimberly, the owner of a Keller Williams commercial brokerage and a commercial investor himself. Ken shares some incredible tips on how to get into owning commercial property, including how to find quality tenants, how to structure the lease, and how to protect yourself from a changing market. He also provides great advice on building relationships and identifying who NOT to partner with. Ken goes on to talk about how he went from working in a pizza restaurant to cashing his first check for 50K as a broker—with absolutely no training program! He shares some incredible advice for opening a laundromat, making huge returns, and successfully investing in other people’s deals, too. If you’ve ever been interested in how to do big deals without big headaches, this episode is for you! In This Episode We Cover: How he builds relationships How he learned the commercial business sitting across from a mentor and listening How he buys laundromats Investing in commercial spaces Using OPM to buy land and selling a 5K investment for 150K How he earned a commission of $50K on a deal he couldn’t do How he chooses his business partners His morning routine What to look for in a potential partner to disqualify them How newbies should start off investing in commercial property How to balance investing with family time How he structures deals Tips on owning a business inside your commercial building How he invests in other people's deals And SO much more! Links from the show:BiggerPockets Forums BiggerPockets Webinar BiggerPockets Commercial LendersCBRE BiggerPockets Podcast 190: Building 61 Different Passive Streams of Income with Pat Hiban BiggerPockets Podcast 322: 3 Things Every Leader MUST Do to Scale with Ben Kinney Google Alerts GoBundance BiggerPockets Business Podcast
May 30, 2019
Build a deal funnel to fuel your business and keep the leads coming! On today’s show Brandon and David sit down with Adam Johnson and Brent Moreno, two wholesalers running a business that fuels their investment portfolio! Adam and Brent share several key pieces that make their business go, like how they have built systems to reduce their workload, how they keep their pipeline full of leads, and how they use a “three foot rule” to make sure everyone knows how they can help them. You’ll also love how they recruit others to work in their business, how they use stories to hold people’s attention, and how they have leveraged an army of Uber drivers to find them deals! These two guys have formed a great partnership, and share TONS of practical, meat-and-potatoes advice for how you can do the same. Their advice on “helping over haggling” alone is priceless! If you want to learn how to form the perfect partnership, how to build a portfolio off of a consistent pipeline of deals, AND how to wholesale those deals for profit, this is an episode you can’t miss! In This Episode We Cover: How they got into wholesaling How their business is structured Why they love wholesaling more than anything else How they use systems to create success when they don’t feel like working What a perfect partnership should look like The funnel they have set up to find, capture, and follow up with distressed seller leads The three-foot rule How they use Uber drivers to find them deals How they are helpers not hagglers The number one thing a newbie needs to do well to start a wholesale business How to recruit others to bring you deals How to use stories to get others involved in helping your business How they believe there is no “box” to think outside of And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Youtube Channel BiggerPockets Money Podcast BiggerPockets Business Podcast Podio InvestorPO REIpro PropStream ListSource LeadSherpa David Goggins on Joe Rogan’s Podcast Gary Johnston
May 30, 2019
Build a deal funnel to fuel your business and keep the leads coming! On today’s show Brandon and David sit down with Adam Johnson and Brent Moreno, two wholesalers running a business that fuels their investment portfolio! Adam and Brent share several key pieces that make their business go, like how they have built systems to reduce their workload, how they keep their pipeline full of leads, and how they use a “three foot rule” to make sure everyone knows how they can help them. You’ll also love how they recruit others to work in their business, how they use stories to hold people’s attention, and how they have leveraged an army of Uber drivers to find them deals! These two guys have formed a great partnership, and share TONS of practical, meat-and-potatoes advice for how you can do the same. Their advice on “helping over haggling” alone is priceless! If you want to learn how to form the perfect partnership, how to build a portfolio off of a consistent pipeline of deals, AND how to wholesale those deals for profit, this is an episode you can’t miss! In This Episode We Cover: How they got into wholesaling How their business is structured Why they love wholesaling more than anything else How they use systems to create success when they don’t feel like working What a perfect partnership should look like The funnel they have set up to find, capture, and follow up with distressed seller leads The three-foot rule How they use Uber drivers to find them deals How they are helpers not hagglers The number one thing a newbie needs to do well to start a wholesale business How to recruit others to bring you deals How to use stories to get others involved in helping your business How they believe there is no “box” to think outside of And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Youtube Channel BiggerPockets Money Podcast BiggerPockets Business Podcast Podio InvestorPO REIpro PropStream ListSource LeadSherpa David Goggins on Joe Rogan’s Podcast Gary Johnston
May 23, 2019
Ten doors free and clear on a blue-collar salary—today’s guest shares exactly how she did just that! Brandon and David sit down with Ashley Hamilton, who shares the incredible story of how she went from poverty to success through real estate investing with very little help or guidance. Ashley shares her remarkable strategies for investing in a market where very few others could, how she used BiggerPockets to develop a system, and how she got the city of Detroit to offer her a deal to buy a property at $500! Ashley also shares how she buys cheap houses at auctions, how she finds banks to finance her rehabs, and how she uses keyword alerts in the BiggerPockets forums to snag deals before anyone else! And be sure to listen for Ashley’s “no milk for her cereal” strategy to overcome and succeed! If you’re looking for an incredibly inspirational story that highlights how creativity and resiliency can pay off, you want to download this today.  In This Episode We Cover: How Ashley found a way to invest in a market when very few others could How she got the city of Detroit to call her and offer her a deal to buy for $500 Getting to nearly a half a million dollars in equity in a few short years How she got started investing with nothing but BiggerPockets as a guide Finding the best part of the city to invest in Why she fix her rentals up to suburb quality even in low-income neighborhoods Building a portfolio of 10 doors free and clear The way she uses the BiggerPockets forums to help her make money Landlording like a boss Giving back to your tenants And SO much more! Links from the Show: BiggerPockets Forums BiggerPockets Webinar Tarl Yarber's BiggerPockets ProfileDave Van Horn's BiggerPockets Profile Brie Schmidt's BiggerPockets Profile Joe Fairless' BiggerPockets Profile BiggerPockets Instagram Brandon's Instagram David's Instagram Rentometer Rich Dad Poor Dad Seminar GoBundance BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss
May 23, 2019
Ten doors free and clear on a blue-collar salary—today’s guest shares exactly how she did just that! Brandon and David sit down with Ashley Hamilton, who shares the incredible story of how she went from poverty to success through real estate investing with very little help or guidance. Ashley shares her remarkable strategies for investing in a market where very few others could, how she used BiggerPockets to develop a system, and how she got the city of Detroit to offer her a deal to buy a property at $500! Ashley also shares how she buys cheap houses at auctions, how she finds banks to finance her rehabs, and how she uses keyword alerts in the BiggerPockets forums to snag deals before anyone else! And be sure to listen for Ashley’s “no milk for her cereal” strategy to overcome and succeed! If you’re looking for an incredibly inspirational story that highlights how creativity and resiliency can pay off, you want to download this today.  In This Episode We Cover: How Ashley found a way to invest in a market when very few others could How she got the city of Detroit to call her and offer her a deal to buy for $500 Getting to nearly a half a million dollars in equity in a few short years How she got started investing with nothing but BiggerPockets as a guide Finding the best part of the city to invest in Why she fix her rentals up to suburb quality even in low-income neighborhoods Building a portfolio of 10 doors free and clear The way she uses the BiggerPockets forums to help her make money Landlording like a boss Giving back to your tenants And SO much more! Links from the Show: BiggerPockets Forums BiggerPockets Webinar Tarl Yarber's BiggerPockets ProfileDave Van Horn's BiggerPockets Profile Brie Schmidt's BiggerPockets Profile Joe Fairless' BiggerPockets Profile BiggerPockets Instagram Brandon's Instagram David's Instagram Rentometer Rich Dad Poor Dad Seminar GoBundance BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss
May 16, 2019
Incredible show alert! You don’t want to miss this one: Brandon and David sit down with bestselling author Cal Newport (who wrote So Good They Can’t Ignore You: Why Skills Trump Passion in the Quest for Work You Love, Deep Work: Rules for Focused Success in a Distracted World, and so on) to discuss just what makes high performers different than the rest. Cal shares incredible insight based on his research as a professor at Georgetown University, including how boredom can serve a very useful purpose, how to improve your focus to master your craft, and how building “career capital” can open doors to the life you’ve always wanted. Cal also shares life-changing advice on how starting the day in “monk mode” can supercharge your productivity, how to set better expectations with team members, and how to rebuild your digital life in 30 days. This episode is so good you’ll feel guilty you didn’t have to pay. Download it today! In This Episode We Cover:Cal’s storyImprove your focus and remove distractions to increase productivityHow to combine “deep work” with “shallow work” to stay mentally energizedBuilding career capital you can then invest to build a better lifeWhat successful people do that unsuccessful people don’tHow to set better expectations with team membersHow to start your day in “monk mode” and be insanely productiveHow to give your hours a job and make time work for youHow to use boredom to recharge and motivate youHis thoughts on social media and how it can rob you of timeTaking the information you’re learning and letting it sink in Detox and rebuild your digital life in 30 daysAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets ProBiggerPockets CalcBiggerPockets Podcast 329: Financial Freedom Before 30 Through Just 10 Deals With Felipe MejiaBiggerPockets Podcast 327: The “Buy, Rehab, Rent, Refinance, Repeat” Method Made Simple With David GreeneLinkedInMoment AppRealtor.comBooks Mentioned in this ShowRich Dad Poor Dad by Robert KiyosakiLifeonaire by Steve CookSo Good They Can’t Ignore You by Cal NewportThe 4-Hour Week by Timothy FerrissDeep Work by Cal NewportDigital Minimalism by Cal NewportThe Rise of Theodore Roosevelt by Edmund MorrisGates by Stephen ManesConnect with CalCal’s Personal Website
May 16, 2019
Incredible show alert! You don’t want to miss this one: Brandon and David sit down with bestselling author Cal Newport (who wrote So Good They Can’t Ignore You: Why Skills Trump Passion in the Quest for Work You Love, Deep Work: Rules for Focused Success in a Distracted World, and so on) to discuss just what makes high performers different than the rest. Cal shares incredible insight based on his research as a professor at Georgetown University, including how boredom can serve a very useful purpose, how to improve your focus to master your craft, and how building “career capital” can open doors to the life you’ve always wanted. Cal also shares life-changing advice on how starting the day in “monk mode” can supercharge your productivity, how to set better expectations with team members, and how to rebuild your digital life in 30 days. This episode is so good you’ll feel guilty you didn’t have to pay. Download it today! In This Episode We Cover:Cal’s storyImprove your focus and remove distractions to increase productivityHow to combine “deep work” with “shallow work” to stay mentally energizedBuilding career capital you can then invest to build a better lifeWhat successful people do that unsuccessful people don’tHow to set better expectations with team membersHow to start your day in “monk mode” and be insanely productiveHow to give your hours a job and make time work for youHow to use boredom to recharge and motivate youHis thoughts on social media and how it can rob you of timeTaking the information you’re learning and letting it sink in Detox and rebuild your digital life in 30 daysAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets ProBiggerPockets CalcBiggerPockets Podcast 329: Financial Freedom Before 30 Through Just 10 Deals With Felipe MejiaBiggerPockets Podcast 327: The “Buy, Rehab, Rent, Refinance, Repeat” Method Made Simple With David GreeneLinkedInMoment AppRealtor.comBooks Mentioned in this ShowRich Dad Poor Dad by Robert KiyosakiLifeonaire by Steve CookSo Good They Can’t Ignore You by Cal NewportThe 4-Hour Week by Timothy FerrissDeep Work by Cal NewportDigital Minimalism by Cal NewportThe Rise of Theodore Roosevelt by Edmund MorrisGates by Stephen ManesConnect with CalCal’s Personal Website
May 9, 2019
Financially independent before 30 years old! Today’s guest Felipe Mejiasits down with Brandon and David and shares the incredible story of how he scaled from a $3,000 mobile home to 10 units and financial independence! Felipe has created a unique system that involves multi-unit properties, short-term rentals, and leveraging others to help run his business. The result? He is currently crushing it! You don’t want to miss the insanely powerful “no-why principle” he’s used relentlessly to succeed whenever he’s told no. Felipe also discusses how he leveraged the job of communicating with his Airbnb guests to buy his time back, and how he took advantage of a construction boom in his hometown to service its workers. He also talks about how he lost 30 pounds after realizing he was in the wrong profession, and how he bought a mobile home for $3,000 and then later got paid $30,000 for it! This episode is jam packed with fun, exciting content and practical advice for those looking to exit the rat race and achieve financial independence through creative strategies with real estate. Download it today! In This Episode We Cover:How he took his disappointment from missing out on a police career and turned it into RE investing successHis “no-why principle”How he got his wife to buy into his visionHow he took advantage of a booming construction industry to rent rooms out to buildersHis advice for pushing through being told noHow he would listen to the BiggerPockets podcast in headphones while working in a construction jobReal estate replacing his full time job before age 30Delegating the work of his various businessesHow he lives for free in NashvilleHow he leverages out communicating with his Airbnb guests and loves itHow he got paid $30,000 on a property he paid $3,000 forAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarPNW Real Estate Wealth ExpoBiggerPockets Podcast 232: The Four Lead Sources Nathan Brooks is Using to Flip 120 Houses a YearBiggerPockets Podcast 238: Becoming a Real Estate Millionaire on a Teacher’s Salary with Michael “Swanny” SwanBiggerPockets ProBiggerPockets Podcast 322: 3 Things Every Leader MUST Do to Scale with Ben KinneyBiggerPockets BookstorePayNearMeBiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew CushmanHow to Find Overlooked Opportunities in a Hot Market with Andrew CushmanThe Founder | NetflixDavid’s InstagramBrandon’s InstagramBooks Mentioned in this ShowMiracle Morning by Hal ElrodRich Dad Poor Dad by Robert KiyosakiRichest Man in Babylon by George S ClasonLifeonaire by Steve CookWhy the Rich Are Getting Richer by Robert KiyosakiTweetable Topics:“Success is the other side of fear.” (Tweet This!)“People stop at no and don’t ask why.” (Tweet This!)“Do whatever works for you.” (Tweet This!)“My rentals feed my life, my flips feed my rentals.” (Tweet This!)Connect with FelipeFelipe’s Company WebsiteFelipe’s InstagramFelipe’s BiggerPockets Profile
May 9, 2019
Financially independent before 30 years old! Today’s guest Felipe Mejiasits down with Brandon and David and shares the incredible story of how he scaled from a $3,000 mobile home to 10 units and financial independence! Felipe has created a unique system that involves multi-unit properties, short-term rentals, and leveraging others to help run his business. The result? He is currently crushing it! You don’t want to miss the insanely powerful “no-why principle” he’s used relentlessly to succeed whenever he’s told no. Felipe also discusses how he leveraged the job of communicating with his Airbnb guests to buy his time back, and how he took advantage of a construction boom in his hometown to service its workers. He also talks about how he lost 30 pounds after realizing he was in the wrong profession, and how he bought a mobile home for $3,000 and then later got paid $30,000 for it! This episode is jam packed with fun, exciting content and practical advice for those looking to exit the rat race and achieve financial independence through creative strategies with real estate. Download it today! In This Episode We Cover:How he took his disappointment from missing out on a police career and turned it into RE investing successHis “no-why principle”How he got his wife to buy into his visionHow he took advantage of a booming construction industry to rent rooms out to buildersHis advice for pushing through being told noHow he would listen to the BiggerPockets podcast in headphones while working in a construction jobReal estate replacing his full time job before age 30Delegating the work of his various businessesHow he lives for free in NashvilleHow he leverages out communicating with his Airbnb guests and loves itHow he got paid $30,000 on a property he paid $3,000 forAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarPNW Real Estate Wealth ExpoBiggerPockets Podcast 232: The Four Lead Sources Nathan Brooks is Using to Flip 120 Houses a YearBiggerPockets Podcast 238: Becoming a Real Estate Millionaire on a Teacher’s Salary with Michael “Swanny” SwanBiggerPockets ProBiggerPockets Podcast 322: 3 Things Every Leader MUST Do to Scale with Ben KinneyBiggerPockets BookstorePayNearMeBiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew CushmanHow to Find Overlooked Opportunities in a Hot Market with Andrew CushmanThe Founder | NetflixDavid’s InstagramBrandon’s InstagramBooks Mentioned in this ShowMiracle Morning by Hal ElrodRich Dad Poor Dad by Robert KiyosakiRichest Man in Babylon by George S ClasonLifeonaire by Steve CookWhy the Rich Are Getting Richer by Robert KiyosakiTweetable Topics:“Success is the other side of fear.” (Tweet This!)“People stop at no and don’t ask why.” (Tweet This!)“Do whatever works for you.” (Tweet This!)“My rentals feed my life, my flips feed my rentals.” (Tweet This!)Connect with FelipeFelipe’s Company WebsiteFelipe’s InstagramFelipe’s BiggerPockets Profile
May 3, 2019
If you’ve ever had an interest in turning your desire to invest in real estate into a well-oiled business machine, today’s episode is for you! Chris McChesney, bestselling author of The 4 Disciplines of Execution, shares some mind-blowing strategies recognized worldwide for their ability to help followers achieve more success! Chris shares the difference between lead and lag activities, how to use the power of leverage to move your business forward, and how staying busy isn’t always in your best interest. He also shares eye-opening insight into the way we use confirmation bias to avoid making progress, how to break major wars into smaller, winnable battles, and the secret of “tendency override.” Chris has developed an amazing system using four key strategies to improve your odds to succeed and has implemented them with companies like Coca-Cola, Comcast, The Ritz-Carlton, and more! Don’t miss this episode chock full of actionable advice for improving your life, as well as your business! In This Episode We Cover:The difference between lag and lead activitiesHow to use the power of leverage to move your business forwardHow staying busy isn’t always in your best interestHow to identify your most important goalThe secret to losing weight—and how to apply it to real estateWhat most business owners do wrongHow confirmation bias clouds your visionLearning the secret of “tendency override”Breaking major wars down into small battlesHow to keep your goals small to make sure you achieve themHow to avoid giving in to self-victimizationHow to develop a scorecard to track your progressHow to use accountability to stay on trackAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets Youtube ChannelBiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock (Podcast)My Body TutorMy Fitness PalBiggerPockets InstagramBrandon’s InstagramDavid’s InstagramBooks Mentioned in this ShowThe 4 Disciplines of Execution by Chris McChesneyRich Dad Poor Dad by Robert KiyosakiThe ONE Thing by Gary KellerEssentialism by Greg McKeownStephen R. Covey’s The 7 Habits of Highly Effective PeopleThe 12 Week Year by Brian P. Moran90 Day Journal by Brandon TurnerAs a Man Thinketh by James AllenBuilt to Last by Jim CollinsGood to Great by Jim CollinsTweetable Topics:“The real enemy of execution is your day job.” (Tweet This!)“You can be busy all day long and not be a step closer to your goal.” (Tweet This!)“The most strategic work you do will feel like you’re wasting time.” (Tweet This!)“If we don’t track, we lie to our selves.” (Tweet This!)“Make and keep a promise to yourself.” (Tweet This!)“If you think the problem is out there, that very thought is your problem.” (Tweet This!)Connect with ChrisChris McChesney’s BioChris McChesney’s Speaker Site
May 3, 2019
If you’ve ever had an interest in turning your desire to invest in real estate into a well-oiled business machine, today’s episode is for you! Chris McChesney, bestselling author of The 4 Disciplines of Execution, shares some mind-blowing strategies recognized worldwide for their ability to help followers achieve more success! Chris shares the difference between lead and lag activities, how to use the power of leverage to move your business forward, and how staying busy isn’t always in your best interest. He also shares eye-opening insight into the way we use confirmation bias to avoid making progress, how to break major wars into smaller, winnable battles, and the secret of “tendency override.” Chris has developed an amazing system using four key strategies to improve your odds to succeed and has implemented them with companies like Coca-Cola, Comcast, The Ritz-Carlton, and more! Don’t miss this episode chock full of actionable advice for improving your life, as well as your business! In This Episode We Cover:The difference between lag and lead activitiesHow to use the power of leverage to move your business forwardHow staying busy isn’t always in your best interestHow to identify your most important goalThe secret to losing weight—and how to apply it to real estateWhat most business owners do wrongHow confirmation bias clouds your visionLearning the secret of “tendency override”Breaking major wars down into small battlesHow to keep your goals small to make sure you achieve themHow to avoid giving in to self-victimizationHow to develop a scorecard to track your progressHow to use accountability to stay on trackAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets Youtube ChannelBiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock (Podcast)My Body TutorMy Fitness PalBiggerPockets InstagramBrandon’s InstagramDavid’s InstagramBooks Mentioned in this ShowThe 4 Disciplines of Execution by Chris McChesneyRich Dad Poor Dad by Robert KiyosakiThe ONE Thing by Gary KellerEssentialism by Greg McKeownStephen R. Covey’s The 7 Habits of Highly Effective PeopleThe 12 Week Year by Brian P. Moran90 Day Journal by Brandon TurnerAs a Man Thinketh by James AllenBuilt to Last by Jim CollinsGood to Great by Jim CollinsTweetable Topics:“The real enemy of execution is your day job.” (Tweet This!)“You can be busy all day long and not be a step closer to your goal.” (Tweet This!)“The most strategic work you do will feel like you’re wasting time.” (Tweet This!)“If we don’t track, we lie to our selves.” (Tweet This!)“Make and keep a promise to yourself.” (Tweet This!)“If you think the problem is out there, that very thought is your problem.” (Tweet This!)Connect with ChrisChris McChesney’s BioChris McChesney’s Speaker Site
May 2, 2019
Today, we’re introducing the BiggerPockets Business Podcast, co-hosted by J and Carol Scott. Subscribe now using the links below; Episode 1 is up now! SUBSCRIBE ON APPLE PODCASTS (IPHONE): https://podcasts.apple.com/us/podcast/biggerpockets-business-podcast/id1460051721 SUBSCRIBE ON GOOGLE PODCASTS (ANDROID): https://www.google.com/podcasts?feed=aHR0cHM6Ly9icGJ1c2luZXNzLmxpYnN5bi5jb20vcnNz The BiggerPockets Real Estate Podcast will be back tomorrow, and we’ll be back to regular programming next week. Future episodes of BiggerPockets Business will drop on Tuesdays -- the day after the BiggerPockets Money Podcast. Oh, and go follow the BiggerPockets Business Podcast on Twitter @BPBusinessShow and Instagram @BiggerPockets!
May 2, 2019
Today, we’re introducing the BiggerPockets Business Podcast, co-hosted by J and Carol Scott. Subscribe now using the links below; Episode 1 is up now! SUBSCRIBE ON APPLE PODCASTS (IPHONE): https://podcasts.apple.com/us/podcast/biggerpockets-business-podcast/id1460051721 SUBSCRIBE ON GOOGLE PODCASTS (ANDROID): https://www.google.com/podcasts?feed=aHR0cHM6Ly9icGJ1c2luZXNzLmxpYnN5bi5jb20vcnNz The BiggerPockets Real Estate Podcast will be back tomorrow, and we’ll be back to regular programming next week. Future episodes of BiggerPockets Business will drop on Tuesdays -- the day after the BiggerPockets Money Podcast. Oh, and go follow the BiggerPockets Business Podcast on Twitter @BPBusinessShow and Instagram @BiggerPockets!
April 26, 2019
In this special half-episode, David reads from Chapter 2 of the brand-new book he’s written on the BRRRR strategy. This particular passage goes to the heart of what makes BRRRR work: buying great deals. So how do you pull that off? In this chapter, David reveals: what he looks for when targeting properties, how to practice analyzing deals so you won’t be afraid to pull the trigger, and how to find team members and align their incentives with yours. Order “Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple” today at www.BiggerPockets.com/BRRRRbook. Physical copy, eBook, or audio version (read by a professional narrator) are all available. Or you can also get EVERY format if you order the Ultimate Package. That includes the exclusive eBook, “Long-Distance BRRR,” a bonus video on how to interview and hire a great contractor, and access to a live Q&A webinar with David. In the meantime, enjoy this bonus episode!
April 26, 2019
In this special half-episode, David reads from Chapter 2 of the brand-new book he’s written on the BRRRR strategy. This particular passage goes to the heart of what makes BRRRR work: buying great deals. So how do you pull that off? In this chapter, David reveals: what he looks for when targeting properties, how to practice analyzing deals so you won’t be afraid to pull the trigger, and how to find team members and align their incentives with yours. Order “Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple” today at www.BiggerPockets.com/BRRRRbook. Physical copy, eBook, or audio version (read by a professional narrator) are all available. Or you can also get EVERY format if you order the Ultimate Package. That includes the exclusive eBook, “Long-Distance BRRR,” a bonus video on how to interview and hire a great contractor, and access to a live Q&A webinar with David. In the meantime, enjoy this bonus episode!
April 25, 2019
It’s here—THE book on BRRRR! And who better to write it than the leading authority on this strategy: our co-host David Greene. In this episode, he breaks down exactly how to “Buy, Rehab, Rent, Refinance, and Repeat” your way to wealth. David reveals how BRRRR allows him to force equity, leverage the talents of others, and recycle his capital so he didn’t have to keep working 100-hour weeks as a police officer. You’ll learn about the velocity of money, the “core four” players every BRRRR investor needs on his or her team, and the way to eliminate fear by taking a cold, hard look at the numbers. David also explains how this strategy can reduce capital expenditures and how to come to the bargaining table with a cash offer that puts you in the driver’s seat. He also addresses some common objections, including the notion that it’s difficult to influence the appraised value of your rehabbed property. Plus, you won’t want to miss the “Deal Deep Dive” where David goes into detail about one of his recent real-life BRRRR deals. Whether you’re brand new to this method of investing or are looking to fine-tune your BRRRR skills, this episode will provide you with a ton of value. Still, we only cover part of what’s in David’s book, so check it out on the BiggerPockets Bookstore. In This Episode We Cover:Who David isDefining and explaining BRRRRDiscovering the main benefits to BRRRRHow to increase your ROIUnderstanding what increasing the velocity of your money isGetting good at what you doHow to decrease risk by building equity and pulling capitalHow to scale to financial freedom fasterWays to lower CapEx expensesAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarDave Visaya’s BiggerPockets ProfileBiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert GreeneBiggerPockets InstagramBRRR CalculatorBiggerPockets BookstoreBooks Mentioned in this ShowBuy, Rehab, Rent, Refinance, Repeat (BRRRR) by David GreeneLong-Distance Real Estate Investing by David GreeneThe Millionaire Real Estate Agent by Gary KellerSo Good They Can’t Ignore You by Cal NewportDigital Minimalism by Cal NewportTweetable Topics:“Make money work for me.” (Tweet This!)“Repetition builds mastery.” (Tweet This!)“Operating from ignorance or inexperience is operating with a massive amount of risk.” (Tweet This!)“Down payment has nothing to do with risk.” (Tweet This!)“BRRRR investing is about gaining equity without losing capital.” (Tweet This!)Connect with DavidDavid’s BiggerPockets ProfileDavid’s InstagramDavid’s Facebook Profile
April 25, 2019
It’s here—THE book on BRRRR! And who better to write it than the leading authority on this strategy: our co-host David Greene. In this episode, he breaks down exactly how to “Buy, Rehab, Rent, Refinance, and Repeat” your way to wealth. David reveals how BRRRR allows him to force equity, leverage the talents of others, and recycle his capital so he didn’t have to keep working 100-hour weeks as a police officer. You’ll learn about the velocity of money, the “core four” players every BRRRR investor needs on his or her team, and the way to eliminate fear by taking a cold, hard look at the numbers. David also explains how this strategy can reduce capital expenditures and how to come to the bargaining table with a cash offer that puts you in the driver’s seat. He also addresses some common objections, including the notion that it’s difficult to influence the appraised value of your rehabbed property. Plus, you won’t want to miss the “Deal Deep Dive” where David goes into detail about one of his recent real-life BRRRR deals. Whether you’re brand new to this method of investing or are looking to fine-tune your BRRRR skills, this episode will provide you with a ton of value. Still, we only cover part of what’s in David’s book, so check it out on the BiggerPockets Bookstore. In This Episode We Cover:Who David isDefining and explaining BRRRRDiscovering the main benefits to BRRRRHow to increase your ROIUnderstanding what increasing the velocity of your money isGetting good at what you doHow to decrease risk by building equity and pulling capitalHow to scale to financial freedom fasterWays to lower CapEx expensesAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarDave Visaya’s BiggerPockets ProfileBiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert GreeneBiggerPockets InstagramBRRR CalculatorBiggerPockets BookstoreBooks Mentioned in this ShowBuy, Rehab, Rent, Refinance, Repeat (BRRRR) by David GreeneLong-Distance Real Estate Investing by David GreeneThe Millionaire Real Estate Agent by Gary KellerSo Good They Can’t Ignore You by Cal NewportDigital Minimalism by Cal NewportTweetable Topics:“Make money work for me.” (Tweet This!)“Repetition builds mastery.” (Tweet This!)“Operating from ignorance or inexperience is operating with a massive amount of risk.” (Tweet This!)“Down payment has nothing to do with risk.” (Tweet This!)“BRRRR investing is about gaining equity without losing capital.” (Tweet This!)Connect with DavidDavid’s BiggerPockets ProfileDavid’s InstagramDavid’s Facebook Profile
April 18, 2019
What does true wealth mean to you? Maybe it’s having control over your time or having the means to donate part of your income to charity. Maybe it means feeling healthy enough to jump out of bed and attack the day. In today’s episode, Brandon, David, and Josh (remember him?) speak with three financially independent investors about what motivated each of them to work so hard toward their goals. Early in their careers, David Osborn, Pat Hiban, and Tim Rhode realized they shared a common goal: to steadily accumulate streams of passive—or as they call it—“horizontal” income. So they got together and made a serious commitment, vowing to hold each other accountable every step of the way—even if it meant dishing out some tough love. In this episode, you’ll learn how finding an accountability partner can change the trajectory of your career and life, and how giving time and money can not only make you feel better but also make you more wealthy. You’ll also learn how David, Pat, and Tim built dozens of streams of income by living below their means, connecting with the right people, and taking advantage of opportunities. This is a must-listen if you’ve ever asked the question, “Why am I working so hard, anyway?” You’ll come away from this episode motivated to hold yourself and your loved ones accountable so you can reach your goals together. Download it today! In This Episode We Cover:The background of these foundersThe story behind the three amigos and the founding of GoBundanceThe Pillars of GoBundanceHaving a genuine contributionHaving authentic relationshipsHaving extreme accountabilityHaving horizontal incomeHaving age-defying healthHaving bucket list adventuresHow to reach your financial goalFinding motivation to earn and grow moreAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarGoBundanceBiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David OsbornBiggerPockets Podcast 284: The “Miracle” Behind Becoming a Millionaire with Hal Elrod and David OsbornBiggerPockets Podcast 190: Building 61 Different Passive Streams of Income with Pat Hiban BiggerPockets Podcast 313: How to Be Happy AND Grow a Massive Business with Entrepreneur Jesse Itzler (and Josh!)1 Life Fully LivedBooks Mentioned in this ShowThe Miracle Morning by Hal ElrodThe 4-Hour Work Week by Timothy FerrissRich Dad, Poor Dad by Robert Kiyosaki6 Steps to 7 Figures by Pat Hiban & Gary KellerRich Dad’s Cashflow Quadrant by Robert KiyosakiRetire Young Retire Rich by Robert KiyosakiRichest Man in Babylon by George S. ClasonHow to Invest in Real Estate by Brandon Turner and Joshua DorkinThink and Grow Rich by Napoleon HillAs a Man Thinketh by James AllenThe E-Myth Revisited by Michael E. GerberTweetable Topics:“How can I work as little as possible and keep making money?” (Tweet This!)“Spend your time doing the things that make you money and delegate the rest.” (Tweet This!)“Real estate is the everyday man’s way to wealth.” (Tweet This!)“My car is always secondhand.” (Tweet This!)“Set financial goals, not material ones!” (Tweet This!)“All the wins I’ve got in life have all came from me willing to be vulnerable.” (Tweet This!)“It’s weird because every successful person I’ve ever met spends more time thinking than doing anything else.” (Tweet This!)“You can’t build a successful business without health.” (Tweet This!)“A life without contribution is a life not worth living.” (Tweet This!)“Always be where you are.” (Tweet This!)Connect with Pat, Tim, and DavidGoBundance
April 18, 2019
What does true wealth mean to you? Maybe it’s having control over your time or having the means to donate part of your income to charity. Maybe it means feeling healthy enough to jump out of bed and attack the day. In today’s episode, Brandon, David, and Josh (remember him?) speak with three financially independent investors about what motivated each of them to work so hard toward their goals. Early in their careers, David Osborn, Pat Hiban, and Tim Rhode realized they shared a common goal: to steadily accumulate streams of passive—or as they call it—“horizontal” income. So they got together and made a serious commitment, vowing to hold each other accountable every step of the way—even if it meant dishing out some tough love. In this episode, you’ll learn how finding an accountability partner can change the trajectory of your career and life, and how giving time and money can not only make you feel better but also make you more wealthy. You’ll also learn how David, Pat, and Tim built dozens of streams of income by living below their means, connecting with the right people, and taking advantage of opportunities. This is a must-listen if you’ve ever asked the question, “Why am I working so hard, anyway?” You’ll come away from this episode motivated to hold yourself and your loved ones accountable so you can reach your goals together. Download it today! In This Episode We Cover:The background of these foundersThe story behind the three amigos and the founding of GoBundanceThe Pillars of GoBundanceHaving a genuine contributionHaving authentic relationshipsHaving extreme accountabilityHaving horizontal incomeHaving age-defying healthHaving bucket list adventuresHow to reach your financial goalFinding motivation to earn and grow moreAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarGoBundanceBiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David OsbornBiggerPockets Podcast 284: The “Miracle” Behind Becoming a Millionaire with Hal Elrod and David OsbornBiggerPockets Podcast 190: Building 61 Different Passive Streams of Income with Pat Hiban BiggerPockets Podcast 313: How to Be Happy AND Grow a Massive Business with Entrepreneur Jesse Itzler (and Josh!)1 Life Fully LivedBooks Mentioned in this ShowThe Miracle Morning by Hal ElrodThe 4-Hour Work Week by Timothy FerrissRich Dad, Poor Dad by Robert Kiyosaki6 Steps to 7 Figures by Pat Hiban & Gary KellerRich Dad’s Cashflow Quadrant by Robert KiyosakiRetire Young Retire Rich by Robert KiyosakiRichest Man in Babylon by George S. ClasonHow to Invest in Real Estate by Brandon Turner and Joshua DorkinThink and Grow Rich by Napoleon HillAs a Man Thinketh by James AllenThe E-Myth Revisited by Michael E. GerberTweetable Topics:“How can I work as little as possible and keep making money?” (Tweet This!)“Spend your time doing the things that make you money and delegate the rest.” (Tweet This!)“Real estate is the everyday man’s way to wealth.” (Tweet This!)“My car is always secondhand.” (Tweet This!)“Set financial goals, not material ones!” (Tweet This!)“All the wins I’ve got in life have all came from me willing to be vulnerable.” (Tweet This!)“It’s weird because every successful person I’ve ever met spends more time thinking than doing anything else.” (Tweet This!)“You can’t build a successful business without health.” (Tweet This!)“A life without contribution is a life not worth living.” (Tweet This!)“Always be where you are.” (Tweet This!)Connect with Pat, Tim, and DavidGoBundance
April 11, 2019
Awesome show alert! Today’s guest is so full of information you will be blown away. Aaron Amuchastegui sits down with Brandon and David and explains how he buys 20 deals a month while practicing principles of the four-hour workweek. It’s an incredible story about how he built a big business with foreclosures, how he keeps his pipeline full (including how he buys deals at auctions), how he does due diligence, and how he tracks down owners of vacant properties. You won’t want to miss his advice on owning C- or D-level properties, how he uses flip profits to fund a business that acquires rentals, and—most importantly—how you can lose money in real estate even if you’re buying great deals. This episode is full of more powerful insight than we can begin to mention. Aaron is a big-time real estate investor who has gone from rags to riches, to rags to riches again. Tune in to hear him share everything he learned along the way. Download today! In This Episode We Cover:How he got into real estate investingBuying at an auctionThe different types of auctionsHow to approach and talk to cash buyersThe moral aspect of real estateHow to do title researchA big surprise after buying a sight-unseen houseBouncing back from losing everything he builtWhy he thinks flipping is a jobAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarKiawe Outdoor InstagramKiawe OutdoorBrandon’s InstagramBiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal ElrodBiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of MentorsAuction.comGoBundanceFive Hour School WeekBooks Mentioned in this ShowThe Miracle Morning by Hal ElrodThe 4-Hour Work Week by Timothy FerrissRich Dad, Poor Dad by Robert KiyosakiTweetable Topics:“There’s so many problems that you can solve in real estate.” (Tweet This!)“I make money 9/10 houses. I take a loss 1/10.” (Tweet This!)“Flipping is only money when you keep flipping.” (Tweet This!)Connect with AaronEmail Aaron: aaron@flsonline.com or aaron@fivehourschoolweek.comAaron’s Company Website
April 11, 2019
Awesome show alert! Today’s guest is so full of information you will be blown away. Aaron Amuchastegui sits down with Brandon and David and explains how he buys 20 deals a month while practicing principles of the four-hour workweek. It’s an incredible story about how he built a big business with foreclosures, how he keeps his pipeline full (including how he buys deals at auctions), how he does due diligence, and how he tracks down owners of vacant properties. You won’t want to miss his advice on owning C- or D-level properties, how he uses flip profits to fund a business that acquires rentals, and—most importantly—how you can lose money in real estate even if you’re buying great deals. This episode is full of more powerful insight than we can begin to mention. Aaron is a big-time real estate investor who has gone from rags to riches, to rags to riches again. Tune in to hear him share everything he learned along the way. Download today! In This Episode We Cover:How he got into real estate investingBuying at an auctionThe different types of auctionsHow to approach and talk to cash buyersThe moral aspect of real estateHow to do title researchA big surprise after buying a sight-unseen houseBouncing back from losing everything he builtWhy he thinks flipping is a jobAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarKiawe Outdoor InstagramKiawe OutdoorBrandon’s InstagramBiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal ElrodBiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of MentorsAuction.comGoBundanceFive Hour School WeekBooks Mentioned in this ShowThe Miracle Morning by Hal ElrodThe 4-Hour Work Week by Timothy FerrissRich Dad, Poor Dad by Robert KiyosakiTweetable Topics:“There’s so many problems that you can solve in real estate.” (Tweet This!)“I make money 9/10 houses. I take a loss 1/10.” (Tweet This!)“Flipping is only money when you keep flipping.” (Tweet This!)Connect with AaronEmail Aaron: aaron@flsonline.com or aaron@fivehourschoolweek.comAaron’s Company Website
April 4, 2019
Do you want to invest in multifamily apartments but feel intimidated by the process? If so, today’s episode is for you! Brandon and David interview Michael Blank, an experienced multifamily investor/educator, who breaks down the seemingly daunting process into super simple steps. Don’t miss Michael’s advice on how to get started in the space, how “the law of the first deal” will increase your odds of success, and how multifamily investing can lead to financial independence in five years. You’ll also love learning common multifamily vocabulary, what an ideal property looks like, and how to develop relationships with potential investors. Michael also shares incredible insight into how he built his empire, as well as his top two negotiating tactics and “three levers” to successfully negotiate a multifamily deal! This is one of THE most informative shows we’ve ever done. Download it now! In This Episode We Cover:How he got started and why he recommends multifamily investingScaling his business despite running out of of timeWhat is “the law of the first deal” The multiple ways syndicators make money in a dealCommon multifamily terms and what they meanHow to improve the value of a multifamily propertyWhat an ideal deal looks likeDeveloping pre-existing relationships with potential investorsWhy cash flow is so important in multifamilyHis top two negotiating tacticsHow he bought a 321-unit building, how he BRRRR-ed a multifamily building, and returned 96 percent of their investors’ capital in the processHis “three levers” to negotiate in a multi family dealAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets Podcast 066: Flips, Apartments, & Protecting Yourself From Professional Tenants with Michael BlankBiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant CardoneLoopNetBiggerPockets BookstoreBooks Mentioned in this ShowVivid Vision by Cameron HeroldThe ABCs of Real Estate Investing by Ken McElroyRich Dad Poor Dad by Robert KiyosakiHow We Bought a 24-Unit Apartment Building for (Almost) No Money Down by Brandon TurnerRaising Private Capital by Matt FairclothThe ONE Thing by Gary KellerThe Miracle Morning by Hal ElrodFinancial Freedom with Real Estate Investing by Michael BlankTweetable Topics:“The value of the first deal far outweighs any kind of money you can make from it.” (Tweet This!)“Nobody is rich on their first deal, but they’re rich because of their first deal.” (Tweet This!)“I’d rather do an 80/20 gigantic deal than 70/30 of nothing.” (Tweet This!)“Structure your deals based on who your investors are.” (Tweet This!)“Never take money unless you know what the heck you are doing.” (Tweet This!)“Always raise more money than you think you need.” (Tweet This!)Connect with MichaelMichael’s BiggerPockets ProfileMichael’s Personal Website
April 4, 2019
Do you want to invest in multifamily apartments but feel intimidated by the process? If so, today’s episode is for you! Brandon and David interview Michael Blank, an experienced multifamily investor/educator, who breaks down the seemingly daunting process into super simple steps. Don’t miss Michael’s advice on how to get started in the space, how “the law of the first deal” will increase your odds of success, and how multifamily investing can lead to financial independence in five years. You’ll also love learning common multifamily vocabulary, what an ideal property looks like, and how to develop relationships with potential investors. Michael also shares incredible insight into how he built his empire, as well as his top two negotiating tactics and “three levers” to successfully negotiate a multifamily deal! This is one of THE most informative shows we’ve ever done. Download it now! In This Episode We Cover:How he got started and why he recommends multifamily investingScaling his business despite running out of of timeWhat is “the law of the first deal” The multiple ways syndicators make money in a dealCommon multifamily terms and what they meanHow to improve the value of a multifamily propertyWhat an ideal deal looks likeDeveloping pre-existing relationships with potential investorsWhy cash flow is so important in multifamilyHis top two negotiating tacticsHow he bought a 321-unit building, how he BRRRR-ed a multifamily building, and returned 96 percent of their investors’ capital in the processHis “three levers” to negotiate in a multi family dealAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets Podcast 066: Flips, Apartments, & Protecting Yourself From Professional Tenants with Michael BlankBiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant CardoneLoopNetBiggerPockets BookstoreBooks Mentioned in this ShowVivid Vision by Cameron HeroldThe ABCs of Real Estate Investing by Ken McElroyRich Dad Poor Dad by Robert KiyosakiHow We Bought a 24-Unit Apartment Building for (Almost) No Money Down by Brandon TurnerRaising Private Capital by Matt FairclothThe ONE Thing by Gary KellerThe Miracle Morning by Hal ElrodFinancial Freedom with Real Estate Investing by Michael BlankTweetable Topics:“The value of the first deal far outweighs any kind of money you can make from it.” (Tweet This!)“Nobody is rich on their first deal, but they’re rich because of their first deal.” (Tweet This!)“I’d rather do an 80/20 gigantic deal than 70/30 of nothing.” (Tweet This!)“Structure your deals based on who your investors are.” (Tweet This!)“Never take money unless you know what the heck you are doing.” (Tweet This!)“Always raise more money than you think you need.” (Tweet This!)Connect with MichaelMichael’s BiggerPockets ProfileMichael’s Personal Website
March 28, 2019
Would getting more deals through your network help your real estate business? Today’s guest specializes in just that! Brandon and David sit down with Travis Chappell, host of the “Build Your Network” podcast, and dive into how to create success through other people. Travis shares strategies for using his network to find deals, mastering the art of giving to increase your success, and becoming a leader in any space you are passionate about—no matter who you are! You won’t want to miss his “anchoring” negotiating strategy, his advice on the right way to reach out to mentors/influencers, and his five tips for starting off an effective working relationship! This is one of the most value-packed shows BiggerPockets has done. Download it now! In This Episode We Cover:How Travis uses his network to source dealsWhy he rents his primary residenceThe power of creating a platform like a podcast or meetupThe key to successfully partnering with familyWhy givers are more successfulHow his networks really affect his net worthThe reason why he’s selling his real estate propertiesThe beauty of adding value first to othersHis five effective tips for reaching out and connecting with anyoneHis “anchoring” negotiating tactic and how he used it to land a dealWhy house hacking is his favorite way to get started in real estateAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets EventsBiggerPockets Podcast 314: How to Find Rockstar Contractors and Manage Like a Boss with Andresa GuidelliBuild Your Network 186: The Bigger Pockets Podcast with Brandon Turner BiggerPockets Podcast 227: From Single Family Houses to $130,000,000 in Multifamily with Joe FairlessBest Ever Podcast by Joe FairlessBiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant CardoneEntrepreneurs on Fire with John Lee DumasBiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay PapasanJordan Harbinger ShowNoah KaganBiggerPockets Hard Money LendersBiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David GreeneBooks Mentioned in this ShowGive and Take by Adam GrantMillionaire Real Estate Investor by Gary KellerNever Split the Difference Chris VossFire Round QuestionsAny advice on finding deals to flip in a hot market?Do you think it’s a mistake to think about investing out of state, given my lack of experience at this point?Any tips for motivating contractors to move quickly?Tweetable Topics:“Most of the things that we need to master fall under the communication category.” (Tweet This!)“You don’t have to be an expert to start a podcast or a meetup.” (Tweet This!)“Every deal is different. What works for me may not work for you.” (Tweet This!)“The deal is in the numbers. If it’s a good deal, it will make money regardless of all the other stuff.” (Tweet This!)“What you focus on, you get more of.” (Tweet This!)“There’s deals for everybody out there!” (Tweet This!)“Not all debt is bad.” (Tweet This!)“The number one thing about networking is giving value.” (Tweet This!)Connect with TravisTravis’ Personal WebsiteMeet Your Hero Course
March 28, 2019
Would getting more deals through your network help your real estate business? Today’s guest specializes in just that! Brandon and David sit down with Travis Chappell, host of the “Build Your Network” podcast, and dive into how to create success through other people. Travis shares strategies for using his network to find deals, mastering the art of giving to increase your success, and becoming a leader in any space you are passionate about—no matter who you are! You won’t want to miss his “anchoring” negotiating strategy, his advice on the right way to reach out to mentors/influencers, and his five tips for starting off an effective working relationship! This is one of the most value-packed shows BiggerPockets has done. Download it now! In This Episode We Cover:How Travis uses his network to source dealsWhy he rents his primary residenceThe power of creating a platform like a podcast or meetupThe key to successfully partnering with familyWhy givers are more successfulHow his networks really affect his net worthThe reason why he’s selling his real estate propertiesThe beauty of adding value first to othersHis five effective tips for reaching out and connecting with anyoneHis “anchoring” negotiating tactic and how he used it to land a dealWhy house hacking is his favorite way to get started in real estateAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets EventsBiggerPockets Podcast 314: How to Find Rockstar Contractors and Manage Like a Boss with Andresa GuidelliBuild Your Network 186: The Bigger Pockets Podcast with Brandon Turner BiggerPockets Podcast 227: From Single Family Houses to $130,000,000 in Multifamily with Joe FairlessBest Ever Podcast by Joe FairlessBiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant CardoneEntrepreneurs on Fire with John Lee DumasBiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay PapasanJordan Harbinger ShowNoah KaganBiggerPockets Hard Money LendersBiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David GreeneBooks Mentioned in this ShowGive and Take by Adam GrantMillionaire Real Estate Investor by Gary KellerNever Split the Difference Chris VossFire Round QuestionsAny advice on finding deals to flip in a hot market?Do you think it’s a mistake to think about investing out of state, given my lack of experience at this point?Any tips for motivating contractors to move quickly?Tweetable Topics:“Most of the things that we need to master fall under the communication category.” (Tweet This!)“You don’t have to be an expert to start a podcast or a meetup.” (Tweet This!)“Every deal is different. What works for me may not work for you.” (Tweet This!)“The deal is in the numbers. If it’s a good deal, it will make money regardless of all the other stuff.” (Tweet This!)“What you focus on, you get more of.” (Tweet This!)“There’s deals for everybody out there!” (Tweet This!)“Not all debt is bad.” (Tweet This!)“The number one thing about networking is giving value.” (Tweet This!)Connect with TravisTravis’ Personal WebsiteMeet Your Hero Course
March 21, 2019
Today’s guest grew up poor, living in a cabin without power or running water. But now he controls millions of dollars in real estate, owns several companies, and leads one of the country’s top-producing sales teams. How did Ben Kinney pull that off? The story involves, of course, hard work and tenacity. It involves a book that shifted his mindset at just the right time. And most importantly, it involves teamwork. In this episode, Ben lays out the hiring process he used to build a real estate agent business. He talks about how he got used to rejection working as a “cable guy” and shares how YOU can find an off-market deal and start house hacking—without a lot of money out of pocket. Ben also details the seven goals that influenced his every decision and the three things every leader should do when growing his or her business. (Hint: “inspect what you expect.”) In the “Deal Deep Dive” segment, Ben tells us how he was able to buy a company for a hefty price by controlling the terms of the deal. He’s a big-picture guy, who will challenge you to think differently about real estate and business. If you feel held back by tasks you don’t enjoy, listen to this show for practical tips on how to delegate more effectively. Today’s episode will inspire you and help you invest more efficiently, so you can do what you love and watch your wealth grow. In This Episode We Cover:The amazing story behind how Ben got started selling homesBeing recession proofWhy he builds and buys businessesUsing synergy to grow his RE empireWhat he looks for in a dealWhy he likes to buy and hold instead of flipHow big businessmen save on taxesWhat is the income triangle and how to flip itFinding great leaders as partners or employeesBuilding an ecosystem to help find him dealsQuestions he asks new hires or partners to determine if they are the right onesThe story about how he spent six days to find ONE hireWorking only do things he enjoysAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBrandon’s InstagramBiggerPockets Facebook PagePat Flynn’s PodcastThe Real Estate GuysBiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert GreeneBiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay PapasanDavid’s InstagramBiggerPockets InstagramBooks Mentioned in this ShowThe Millionaire Real Estate Agent by Gary KellerCashflow Quadrant by Robert KiyosakiRich Dad Poor Dad by Robert KiyosakiSet for Life by Scott TrenchExtreme Ownership by Jocko WillinkTax-Free Wealth by Tom WheelwrightThe ONE Thing by Gary Keller and Jay PapasanTweetable Topics:“I hate when people call me an entrepreneur and the reason is because 98% so-called entrepreneurs fail.” (Tweet This!)“Systems make the ordinary become extraordinary.” (Tweet This!)“People complicate things to justify their inactions.” (Tweet This!)“You can’t be chasing money because money runs too fast.” (Tweet This!)“Hire the things you don’t enjoy.” (Tweet This!)Connect with BenBen’s Personal WebsiteEmail BenBen’s Facebook PageBen’s Twitter ProfileBen’s Training Website
March 21, 2019
Today’s guest grew up poor, living in a cabin without power or running water. But now he controls millions of dollars in real estate, owns several companies, and leads one of the country’s top-producing sales teams. How did Ben Kinney pull that off? The story involves, of course, hard work and tenacity. It involves a book that shifted his mindset at just the right time. And most importantly, it involves teamwork. In this episode, Ben lays out the hiring process he used to build a real estate agent business. He talks about how he got used to rejection working as a “cable guy” and shares how YOU can find an off-market deal and start house hacking—without a lot of money out of pocket. Ben also details the seven goals that influenced his every decision and the three things every leader should do when growing his or her business. (Hint: “inspect what you expect.”) In the “Deal Deep Dive” segment, Ben tells us how he was able to buy a company for a hefty price by controlling the terms of the deal. He’s a big-picture guy, who will challenge you to think differently about real estate and business. If you feel held back by tasks you don’t enjoy, listen to this show for practical tips on how to delegate more effectively. Today’s episode will inspire you and help you invest more efficiently, so you can do what you love and watch your wealth grow. In This Episode We Cover:The amazing story behind how Ben got started selling homesBeing recession proofWhy he builds and buys businessesUsing synergy to grow his RE empireWhat he looks for in a dealWhy he likes to buy and hold instead of flipHow big businessmen save on taxesWhat is the income triangle and how to flip itFinding great leaders as partners or employeesBuilding an ecosystem to help find him dealsQuestions he asks new hires or partners to determine if they are the right onesThe story about how he spent six days to find ONE hireWorking only do things he enjoysAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBrandon’s InstagramBiggerPockets Facebook PagePat Flynn’s PodcastThe Real Estate GuysBiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert GreeneBiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay PapasanDavid’s InstagramBiggerPockets InstagramBooks Mentioned in this ShowThe Millionaire Real Estate Agent by Gary KellerCashflow Quadrant by Robert KiyosakiRich Dad Poor Dad by Robert KiyosakiSet for Life by Scott TrenchExtreme Ownership by Jocko WillinkTax-Free Wealth by Tom WheelwrightThe ONE Thing by Gary Keller and Jay PapasanTweetable Topics:“I hate when people call me an entrepreneur and the reason is because 98% so-called entrepreneurs fail.” (Tweet This!)“Systems make the ordinary become extraordinary.” (Tweet This!)“People complicate things to justify their inactions.” (Tweet This!)“You can’t be chasing money because money runs too fast.” (Tweet This!)“Hire the things you don’t enjoy.” (Tweet This!)Connect with BenBen’s Personal WebsiteEmail BenBen’s Facebook PageBen’s Twitter ProfileBen’s Training Website
March 15, 2019
In this bonus episode, co-authors Carol and J Scott read from Chapter 5: Seller Motivation and Leverage. This passage reveals the exact questions the authors ask sellers, and how to “aggressively listen” for valuable information — even when making casual conversation. Plus, Carol and J do some investor/seller role-playing. Order “The Book on Negotiating Real Estate” today at www.BiggerPockets.com/NegotiatingBook; you can get a physical copy, eBook, or audio version (that one is read by professional narrators) — OR just get the Ultimate package, which includes everything, PLUS access to two live Q&A webinars with Carol and J, two bonus videos, and a Quick Reference Guide with the top negotiating tips and tricks from the book
March 15, 2019
In this bonus episode, co-authors Carol and J Scott read from Chapter 5: Seller Motivation and Leverage. This passage reveals the exact questions the authors ask sellers, and how to “aggressively listen” for valuable information — even when making casual conversation. Plus, Carol and J do some investor/seller role-playing. Order “The Book on Negotiating Real Estate” today at www.BiggerPockets.com/NegotiatingBook; you can get a physical copy, eBook, or audio version (that one is read by professional narrators) — OR just get the Ultimate package, which includes everything, PLUS access to two live Q&A webinars with Carol and J, two bonus videos, and a Quick Reference Guide with the top negotiating tips and tricks from the book
March 14, 2019
Would your real estate investing business benefit from better negotiating tactics? Of course it would! On today’s show, Brandon and David sit down with J and Carol Scott, as well as Mark Ferguson, co-authors of the new BiggerPockets book The Book on Negotiating Real Estate. The authors discuss several powerful negotiating strategies, plus common misconceptions about negotiating, how “winning” in negotiating doesn’t always mean the other side is losing, and how the best deals are done through building rapport (with examples of how to do just that). You won’t want to miss their tips on how to prepare for a negotiation beforehand—something that’s made them hundreds of thousands of dollars over the years—and how to negotiate with your own contractor to get the best prices possible! This episode is full of advice to help you, the investor, save money and get deals. If you want to experience better results getting what YOU want out of a deal, download this one today! In This Episode We Cover:Introducing J, Carol, and MarkCommon misconceptions about negotiatingHow winning doesn’t always mean the other side losingThe right mindset when it comes to negotiatingHow building rapport can get you dealsLearning to shift the negotiation off of price and into something elseTips in preparing for your negotiation beforehandNegotiating with your contractor to get the best deal possibleThe tip that’s made them hundreds of thousands of dollars over the yearsHow they closed on a deal using negotiating tactics to lower the price on an already great dealAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBrandon’s InstagramBe a Podcast GuestBiggerPockets Podcast 311: 6 Rules for Investing in Real Estate in the Coming Economic Shift with J ScottBiggerPockets Podcast 010 : Flipping Houses 101 with J ScottBiggerPockets Podcast 068: Being a Superhero House Flipper, Investor, and Team Leader with Mark FergusonThe Best Ever ConferenceBiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl YarberBooks Mentioned in this ShowBRRRR by David GreeneThe Book on Flipping Houses by J. ScottThe Book on Negotiating Real Estate by J. Scott, Mark Ferguson, and Carol ScottMoneyball by Michael LewisThe Book on Rental Property Investing by Brandon TurnerLong-Distance Real Estate Investing by David GreeneThe Millionaire Real Estate Investor by Gary KellerNow, Discover Your Strengths by Marcus BuckinghamToo Perfect by Jeannette Dewyze & Allan MallingerThe ONE Thing by Gary Keller and Jay PapasanTweetable Topics:“90% of negotiation is literally the skills all of us already have.” (Tweet This!)“Treat every conversation as a discussion as opposed to as a questionnaire.” (Tweet This!)“Negotiate everything, always.” (Tweet This!)“The person who cares the least has the most power.” (Tweet This!)Connect with J and CarolJ and Carol Scott’s WebsiteJ’s BiggerPockets ProfileCarol’s BiggerPockets ProfileJ’s Facebook ProfileJ’s Twitter ProfileConnect with MarkMark’s WebsiteMark’s BiggerPockets ProfileMark’s Youtube Channel
Loading earlier episodes...
    15
    15
      0:00:00 / 0:00:00