On today’s show, we sit with Mark Hentemann, a writer and producer for TV’s Family Guy who also invests in Los Angeles real estate! Mark shares his incredible success stories, which include his trick for finding overlooked properties, house hacking for massive profits, adding value and utilizing the 1031 exchange—plus more! Mark’s strategy for filtering data will save you tons of time and help you find the deals others are missing. Listen and learn how Mark got into real estate investing through house hacking—and how that led to an $800,000 profit on his first deal! This episode is absolutely packed with motivating advice and fantastic ideas for getting started. Bonus? It will make you think and make you laugh!
In This Episode We Cover:Mark’s day job as a writer for Family GuyThe first deal that gave him buyer’s remorseHaving a friend as a first tenantSelling that first deal for $1.27 millionThe $250 dishwasher storyWhat’s a 1031 exchange?Buying with solid fundamentalsFinding low-cost-per-square-foot buildingsHaving the perfect open houseFinding deals in today’s difficult marketThe river mentality in regards to moving forwardThe people on his teamFinding people in the BiggerPockets communityHis metric called “leverage cost per square foot”And SO much more!Links from the ShowBiggerPockets ForumsAmerica Arias Instagram ProfileBiggerPockets EventsBiggerPockets WebinarFamily Guy1031 Exchange GuideBiggerPockets Podcast 274: “Because of These 3 Simple Rules, I’ve Bought Over 600 Units and Never Lost Money” with Paul MorrisMarcus & MillichapLoopnetLinkedinZipRecruiterFamily Guy – everyone throws up (video)Family Guy – Wheres my Money Stewie & Brian (video)Books Mentioned in this ShowSo Good They Can’t Ignore You by Cal NewportThe Complete Guide to Buying and Selling Apartment Buildings by Steve BergesSapiens: A Brief History of Humankind by Yuval Noah HarariFire Round QuestionsWhat was your worst home renovation fail!?!How are some unique ways you earn/save extra money?Are anonymity and self management possible?What’s your second favorite investment after real estate?Tweetable Topics:“It’s really valuable to be able to sit back and wait for the deal to come to you.” (Tweet This!)“Everyone’s got an opinion on why things are a bad deal.” (Tweet This!)“Leverage is the one common denominator.” (Tweet This!)“When you make the money, handle it well, be careful, don’t waste it, invest it.” (Tweet This!)Connect with MarkMark’s BiggerPockets ProfileMark’s Company WebsiteEmail Mark