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