Everyone knows that financial education is one of the most crucial things to teach children at a young age. It doesn't just set them up to be wealthy, but it gives them the tools to be confident, choose delayed gratification, and hopefully, impact another young person’s life one day. This is understood wholeheartedly by Rashad Bilal and Troy Millings, former financial advisor and school teacher. What had started as a small classroom experiment in teaching children financial literacy turned into a media empire. Rashad and Troy shared their class teachings online, which pushed them to create a course for the kids, and later into the Earn Your Leisure podcast, where they talk about everything ranging from high-value financial concepts to sports to entertainment and more. What keeps Rashad and Troy going is knowing that their work is allowing thousands of people to improve their life situations, whether children or adults. The duo not only talks extensively about the difference between financial assets and liabilities but about relationship assets and liabilities. This helps answer the question: who’s helping bring you up and who’s trying to keep you down? In This Episode We Cover: The importance of spurring on financial literacy for young kids  How to teach your children about money and examples you can use The role that playing sports had in Rashad and Troy’s lives Assets over liabilities and why you need to invest in relationship assets as well Stocks, ETFs, multifamily, and cryptocurrency investments Staying committed to your goals and following through And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel BiggerPockets Conference 2021 BiggerPockets Agents Finder BiggerPockets Insights EYL Episode #63 Money Machine by Earn Your Leisure Airbnb Brandon's Instagram David’s Instagram OpenDoor Capital Click here to check the full show notes: https://www.biggerpockets.com/show516 Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s not uncommon for investors to start out by buying properties in their home markets. It makes things like neighborhood research, rehabs, and tenant showings so much easier when you’re only a short drive away from your property. That’s how Dave Meyer, VP of Data and Analytics right here at BiggerPockets, feels. Dave is currently living in Europe and has invested exclusively in Denver, where he used to call home. Now, as an entirely remote landlord, he’s seen the data on how many markets (like Tampa, Florida) are doing phenomenally for appreciation and rent increases. David Greene, out-of-state investor and the man who literally wrote the book on long-distance real estate investing is here to offer some much-needed council. With David having the experience as an agent and out-of-state investor and Dave having robust housing data at his disposal, the two come up with some clear plans to invest in up-and-coming markets. David and Dave talk about cash flow, appreciation, wage growth, the investing “spectrum”, and why so many real estate investors aren’t planning far enough ahead. In This Episode We Cover: Cash flow vs. appreciation and which one matters most to you Developing your investment strategy and picking markets where it works Balancing the benefits of real estate investing and the investing “spectrum” What makes a market appreciate and cause rents to rise? What to do once you’ve found a great market to invest in Questions you should ask every out-of-state agent and property manager Where Dave and David are both looking to invest And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Conference 2021 BiggerPockets Agents Finder BiggerPockets Insights BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone BiggerPockets Podcast 250: Grant Cardone on Multifamily Investing and Why You Should Never Buy a House! Zillow Check the full show notes here: https://biggerpockets.com/show515 Learn more about your ad choices. Visit megaphone.fm/adchoices

Once the housing market started to slide in 2007, smart investors began buying, and waiting, for rock-bottom prices to kick in. Investors were buying homes in some of the best markets for dimes on the dollar, and have seen massive profits whether keeping them as buy-and-hold rentals, BRRRR deals, or flips. While small investors started buying a couple of houses a year, institutional investors were doing far, far more. Private equity funds, along with REITs and hedge funds knew that foreclosed homes were a steal, and their economies of scale made it even easier to turn these financially mismanaged properties into appreciation and cash flow kings. As institutional investors began fixing up these homes, listing them for rent, and later selling them, the entire market moved in an upward direction. Now, first-time homebuyers are competing with these economic powerhouses to lock down their first primary residence or rental property. A man who has been covering this topic for years is The Wall Street Journal's, Ryan Dezember. Ryan has a keen understanding of what influences the housing market as a whole, why institutional investors are making the moves they are, and what this means for small mom-and-pop landlords. Dave Meyer also joins David Greene on this episode to discuss the ways small landlords can beat Wall Street at their own game. In This Episode We Cover: Why home prices dropped to the lowest point in 2011 How the pandemic gave institutional investors more buying power Who are the “wall street buyers” that are buying thousands of single-family homes? Why you should “find the tenant” before finding your next property The “carbon monoxide” of investing that most investors aren't paying attention to How institutional investors use economies of scale to rapidly rehab homes What small investors can do to beat institutional investors at the closing table And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Conference 2021 Blackstone Zillow Redfin BiggerPockets Insights BiggerPockets Show 515 Check the full show notes here: https://biggerpockets.com/show514 Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to another episode of Seeing Greene with BiggerPockets Podcast host, top real estate agent, and BRRRR master himself, David Greene. Today’s episode touches on many topics that relate to the BRRRR strategy, ranging from financing, rehabbing, calculating cash flow, and where to find deals. Since the BRRRR method is such a popular strategy among real estate investors, we thought it best to have an episode that touches on so many aspects of the BRRRR strategy itself. Not only has David written the book on BRRRR investing, but he also continues to do BRRRR investing in his real estate career. This strategy is not only one of the best ways to get into real estate with low (or no) money down, it’s also a method that works on building generational wealth for you in the background. Have a question you want David to answer on the next Seeing Greene episode? Submit your video submission at Biggerpockets.com/david. In This Episode We Cover: Whether you should refinance a BRRRR in your personal name or an LLC Using agents or wholesalers to find your next BRRRR property Why some markets simply won’t cash flow (and why that isn’t necessarily a bad thing) The minimum cash flow requirements for a multifamily property Hard money loans vs construction loans when performing a BRRRR How to get financing when your property is not a traditional rental or commercial building And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel BiggerPockets Rental Property Calculator BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions BiggerPockets Podcast 487: 10 Common Real Estate Investing Questions Answered by David Greene BiggerPockets Podcast 473: Quitting the Police Force, Wholesaling, & Buying Notes with David Greene\ Submit Your Questions to David Greene Click here to check the full show notes: https://www.biggerpockets.com/show513 Learn more about your ad choices. Visit megaphone.fm/adchoices

Back in 2004, Jude Bernard was sitting at a blackjack table in Vegas. This wasn’t his first game of the day, nor his second, or even his third. Jude had been sitting at that blackjack table for thirty hours straight. When the final game ended, he walked away, $150,000 poorer than he started. Jude then found the closest tattoo parlor, walked in, and got the phrase “never again” tattooed on his hand as a testament to his mistake. Now, Jude runs a rental and flipping empire, settling for no less than seven-figure profits on his fix and flips. He also runs The Brooklyn Bank, a non-profit designed to help economically empower people of color in New York City. Through his earlier gambling mistakes, Jude realized that no matter what, the “house” always wins. So, he searched for a way that he could become the “house” in his environment, and the best way was through real estate investing. Jude has built a very strong foundation for his real estate investing through taking calculated risks, nurturing his relationships, and letting his fears fuel his fire. Jude is currently raising money to help the people of Haiti through their most recent natural disaster. Brandon and David have both pledged $5,000 each. To help out, even more, Brandon wants all listeners to know that If you donate $5,000 to The Brooklyn Bank organization, Brandon will host you in Maui! For full details please contact [email protected]. In This Episode We Cover: Purchasing properties in very expensive markets (like New York City) Building relationships with everyone you talk to, funneling more deals into your pipeline  Making sure every deal has a seven-figure upside (seriously!) Using your greatest fears to propel you to the next level  Gambling addiction and the message behind why the “house” always wins How the Brooklyn Bank is helping build a pathway out of poverty  How you can spend a week with Brandon and help support a great cause And So Much More! Links from the Show: BiggerPockets Podcast 512: From Losing $150k at the Blackjack Table to 7-Figure Profits in Real Estate BiggerPockets Podcast 455: Mixtapes to Millions in Real Estate with DJ Envy and Cesar Pina The Brooklyn Bank  Brandon’s Maui MasterClass Brandon Turner's Instagram David Greene's Instagram [email protected] [email protected] Check the full show notes here: https://biggerpockets.com/show512 Learn more about your ad choices. Visit megaphone.fm/adchoices

So many BiggerPockets listeners are out there killing it in the world of real estate investing. But, with growth and positive change comes more and more questions. On today’s coaching call, David Greene talks to Carly, Michael, and Katie about three different problems that present three specific solutions. Carly is trying to weigh the risk of investing in a declining market, Michael wants to shake off the “agent shame” that comes with lead generating as a realtor, and Katie wants to power her growth with more revenue and more cash flow. Each of these real estate professionals is in a different spot: one is a small-time landlord, one is a new agent, and the other is a fix and flip veteran. Even with completely different investment plans, all three of these investors are able to find simple, meaningful solutions when talking with David. The topics touched on in this episode include creating an investment strategy, house hacking, finding the right property managers, growing your confidence, purchasing commercial real estate, and more. If you want to get in on the next call with David, click this link to apply! In This Episode We Cover: Should you invest in an area with a declining population but great cash flow? How to mitigate your investment risk by purchasing a house hack property Using referrals to find your next property manager  Putting your clients best interest first and showing confidence Starting businesses in different verticals that can empower your current business  Turning your biggest expenses into revenue generators Taking advantage of using a Key Principle on larger deals And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel Simplisafe BiggerPockets Wealth Magazine The BiggerPockets Bundle Giveaway Submit your Question for David Greene to answer! BiggerPockets Find an Agent Keller Williams Amazon Prime Check the full show notes here: https://biggerpockets.com/show511 Learn more about your ad choices. Visit megaphone.fm/adchoices

As an entrepreneur, you may be used to putting in hours of work learning new tactics, skills, and strategies. Your business rests on your shoulders, and why wouldn’t it, you’re the one who built it from the ground up. While it’s a commendable feat to build a profitable business, it can also be a prison sentence for many “hands-on” entrepreneurs. This is how Sam Carpenter, author of Work the System felt as he put in 110 hours a week just to keep his business afloat. Sam realized why he was working so hard without seeing results: there were no systems in his business. Once he started implementing systems and processes, he went from 110+ hour weeks to 2 hour weeks. The same happened with one of his students and now partner, Josh Fonger, who runs Work the System Enterprises where he helps business owners from over 50 countries scale their businesses with far less headache. If you’ve ever felt that your business relies on you too much to take a day off, take a vacation, or simply work less every week, these are the two guys you need to talk to. Josh and Sam were kind enough to take three live guest calls on this episode’s recording to help with their specific business problems. As all the guests are real estate investors and professionals, much of the advice may translate to your business as well! In This Episode We Cover: Why a system doesn’t need to (and shouldn’t) be complicated to design and implement Reducing your time, effort, and energy spent on work Understanding which systems need to be fixed or removed entirely front our life How to stop playing “whack-a-mole” with your business processes Why so many businesses fall behind after improving  Creating a sustainable solution that gives you (the entrepreneur) maximum freedom And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Podcast BiggerPockets Bookstore Open Door Capital BiggerPockets Insights BiggerPockets Books BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors BiggerPockets Podcast 137: How to Use Systems to Scale Your Real Estate Business with Sam Craven Work the System Website Click here to check the full show notes: https://www.biggerpockets.com/show510 Learn more about your ad choices. Visit megaphone.fm/adchoices

If you scroll through Manny Khoshbin’s Instagram, you’ll see wealth, success, and a lot of very nice automobiles. You may look at his life and say “well, that must be nice”, but there is much more to Manny than Ferraris and private planes. A few decades ago, Manny was homeless, sleeping in a car with five other family members, simply trying to survive in America. Manny’s dad wanted to protect his son from entering the military in Iran, so two weeks before Manny’s birthday, the family packed up and left for the United States. They were homeless for a couple of months but slowly were able to find jobs and scrape together some money. Manny worked at a swap meet, a K-mart, a multi-level marketing company selling snacks, and other various jobs. As he was working he realized that the people driving the Porches, Lamborghinis, and Mercedes were all investing in real estate. After making money in his entrepreneurial endeavors, he bought his first commercial property. Now, two and a half decades later, Manny is sitting on a billion dollars worth of real estate. Oh, and did we mention he bought this all without syndicating? In This Episode We Cover: Manny’s “American Dream” story from immigrant to multimillionaire  Why commercial real estate is such a profitable investment Value-add opportunities and flipping commercial real estate over the span of a few years Which real estate industries are on the downward trend (and which to invest in) The steps new real estate investors should take to make it big Why Manny’s luxury cars are an investment, not just toys And So Much More! Links from the Show: auction.com BPCON2021.COM Elon Musk Holly Burton Dave Ramsey SpaceX FedEx CVS KMart Amazon Target Books Mentioned in this Show: Trump: The Art of the Deal by Donal Trump Manny Khoshbin’s Contrarian Playbook by Manny Khoshbin Driven: The Never-Give-Up Roadmap to Massive Success by Manny Khoshbin Check the full show notes here: https://biggerpockets.com/show509 Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s tough out there. Between investors, agents, and wholesalers, everyone you know wants to get a home under contract. So what do you do when there is an influx of buyers and the same amount of sellers? Start building systems that can beat out your competition and will flow deals directly to you for years to come! Now we know what you’re saying, “I wish that were possible”, but it may be easier than you think.  Trevor Mauch, founder of Carrot, spent years manually chasing after deals. Cold calling, door knocking, direct mail, and every other method you can imagine; he's tried it. While these strategies work great for many people, they’re labor-intensive and incredibly hard to scale. Trevor looked at the marketing he was doing that WASN’T outbound and realized it wasn’t only creating leads for him, but doing so while he slept. He then started building out Carrot, which helps set up agents, investors, wholesalers, and anyone else who wants off-market deals with websites that convert consistently every day. What sets apart Carrot from most “we buy houses for cash” websites is their “evergreen content” production. This content ranks you higher on google, gets sellers and buyers reaching out to you, and allows you to do less work and close on more deals. Learn more about how to make this happen at carrot.com/pockets In This Episode We Cover: Getting out of the “hamster wheel” lead generation work  Outbound vs. inbound marketing and which requires less work from you Why social media isn’t enough in this heavily digital age  Building your “authority hubs” so sellers or buyers can trust your business  Focusing on locations and niche markets to find more buyers and sellers What Trevor thinks will happen in the housing market over the next few years And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel Zillow Carrot Software Company EP 246: How to Double Your Commissions Without Doubling Your Team w/ David Greene of Bigger Pockets [HYBRID Part 1] How to Get More Motivated Seller Leads (with no paid ads) Using 1 Proven, Simple Marketing Strategy (Free Live Workshop) Offerpad Opendoor Redfin Realtor.com Trulia WordPress Fresh Chalk David's Instagram Farr Group Simplysold.com Rev Kind House Buyers House Heroes Check the full show notes here: https://biggerpockets.com/show508 Learn more about your ad choices. Visit megaphone.fm/adchoices

Finishing a triathlon is a grueling achievement, only accomplished by those who are in peak physical and mental condition. Once finished, the top of the top go on to train for an Ironman, arguably the toughest triathlon on the planet. One hundred and forty miles of pain and pressure, broken up into a two-mile swim, a one hundred and twelve-mile bike ride, and a twenty-six-mile run. This is not a race for the faint of heart, and if you can finish just one, you have bragging rights forever. What would it take for someone to finish not one ironman, not two, not ten, not twenty, but 100 consecutive Ironman races, back to back? Wake up, swim, bike, and run over one hundred and forty miles, go to sleep, and do it all over again. That’s what James “Iron Cowboy” Lawrence did, smashing through world records and personal goals. James sits down with Brandon and David today to talk about mental toughness, creating goals that scare you, gradually working your way up to mastery, and asking “what am I willing to sacrifice to reach the end?” James had to run a business, take care of his seven-person family, and compete for more than a quarter of a year straight. If he can conquer one of the greatest physical and mental feats the world has ever witnessed, what’s stopping you from accomplishing your goals? In This Episode We Cover: Pushing yourself past the limit to see what you’re truly capable of Breaking multiple world records and developing mental toughness  Why your goals should scare you enough to pursue them Why you don’t need to 10x your output and the importance of small steps Finding what you’re willing to sacrifice to reach your goal Why every great athlete, entrepreneur, and leader needs a rockstar team  Choosing the person who “doesn’t break” under hard circumstances And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Podcast BiggerPockets Bookstore Open Door Capital BiggerPockets Perks BiggerPockets Insights BiggerPockets Books BiggerPockets Podcast 485: Atomic Habits That Help You Achieve Unthinkable Success w/ NYT Best Selling Author James Clear James “Iron Cowboy” Lawrence's Website Click here to check the full show notes: https://www.biggerpockets.com/show507 Learn more about your ad choices. Visit megaphone.fm/adchoices

Financial freedom is attainable for all of us, but how fast we reach it differs greatly. You may be making $100 profit per month on each single-family home you buy, but what if you could multiply that profit? A duplex becomes $200 per month, a fourplex, $400, and a 16 unit apartment will net you a solid $1,600 per month. Now, it’s not a goal of buying 50+ single-family homes to reach financial freedom, it’s buying 10 or so small multifamily investments.  This simple mindset tweak can change your life and investing career forever, it certainly did for Brandon Turner, host of The BiggerPockets Real Estate Podcast and author of The Multifamily Millionaire. This pre-recorded webinar walks through the key benefits of investing in small multifamily, how to find and finance deals, risks to look out for, and scaling so you can go full-time in real estate. There are tons of tips, tricks, and free giveaways (including discount codes) throughout this episode, and if you’re looking for visuals, head over to the BiggerPockets Youtube Channel to see the full slideshow!  In This Episode We Cover How to reach financial freedom through small multifamily investing The four key benefits of investing in multifamily properties How to find deals (even if you live in an expensive area) How to analyze your multifamily deals using the BiggerPockets Calculators Financing your deals using FHA loans, conventional loans, and seller financing Risks and dangers to look out for in your next deal And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel The BiggerPockets Bundle Giveaway BiggerPocketsWebinar: How to Become a Real Estate Millionaire (presented by Brandon Turner) BiggerPockets Podcast 463: How to Get Your First or Next Property (Step-by-Step) in 90 Days BiggerPockets Rental Property Calculator BiggerPockets Podcast BiggerPockets Webinar Replays BiggerPockets Bookstore BiggerPockets Perks BiggerPockets Insights BiggerPockets Books BiggerPockets Multislides BiggerPockets 7 Years to 7 Figure Wealth BiggerPockets Pro Upgrade Realtor Open Door Capital Gary Keller Multiple Listing Service (MLS) Email Your Questions: [email protected] Check the full show notes here: https://www.biggerpockets.com/show506 Learn more about your ad choices. Visit megaphone.fm/adchoices

You hear Brandon Turner’s voice quite often on the BiggerPockets Real Estate Podcast, but rarely is it heard advising new investors. Today, Brandon is taking on three live “coaching calls” with three investors, all in different stages of their investing career. Brandon and the guests talk through topics like scaling your business, branding your real estate company, and when the right time to hire is. These investors have portfolios ranging from a few units to more than forty, making this an episode that any investor can listen to, no matter where they’re at in their real estate investing journey. This advice is hand-tailored for each investor, and comes from someone who has made it out of that “awkward teenage investing” phase. In This Episode We Cover: How to hire out property management when your portfolio begins to grow Appealing to higher authority when you have to make tough decisions Acting like you own the portfolio you’re trying to scale to Branding your real estate company so people can trust you and invest with you Starting your own meetup if you don’t find one that clicks Understanding that “everything gets easier as you grow” And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel The BiggerPockets Bundle Giveaway Cozy Apartments.com Ring Central Google Voice Mobile Home Park Investors with Jefferson Lilly & Brad Johnson The Mobile Home Park Investing Podcast with Kevin Bupp Pay Near Me BiggerPockets Facebook Page BiggerPockets Facebook Group BiggerPockets Instagram Airbnb Are Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do! (Youtube Video) BiggerPockets Conference Email Your Questions: [email protected] Joe's BiggerPockets Profile Joe's Instagram Joe's Facebook Page Check the full show notes here: https://www.biggerpockets.com/show505 Learn more about your ad choices. Visit megaphone.fm/adchoices

Wouldn’t it be nice to be a millionaire? Sitting under a palm tree, relaxing, with plenty of money set aside for you. To be in that position you not only have to escape the rat race but pledge to live a life of continual improvement, always looking for ways you can be better. That’s exactly what Brandon Turner and David Greene did to reach their multimillionaire status and live a life of greatness. In this episode, we continue listing the ten steps to become a millionaire, with a bonus step at the end. If you didn’t hearlast week’s episode, check out episode 503 for the first five steps mentioned by David and Brandon. This time, we talk about things like harnessing synergy, upgrading your social circle, quitting the things that hold you back, searching for continual improvement, and always giving back. Think of becoming a millionaire less as a singular task and more as a continual journey. If you put in the work and follow these steps laid out by David and Brandon, you’ll have a high chance of becoming a millionaire (if not a multimillionaire) within the next decade. So get out there, meet people, make opportunities, and achieve the impossible. In This Episode We Cover: Getting on a team where your strength is amplified  Surrounding yourself with those who overachieve and push you higher Finding a way to quit everything repeatable or assignable  Doing what others view as “hard” and pushing yourself to be great Helping others upgrade their lives and giving back whenever possible Taking advantage of this strong economy to tackle as much as you can And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel The BiggerPockets Bookstore GoBundance Open Door Capital Email Your Questions: [email protected] BiggerPockets Podcast 217: How to Work Less and Earn More Using the 80/20 Rule with Perry Marshall BiggerPockets Podcast 457: How Thinking 5 Moves Ahead Can Make You Millions with Patrick Bet-David Click here to check the full show notes: https://www.biggerpockets.com/show504 Learn more about your ad choices. Visit megaphone.fm/adchoices

You probably know Brandon Turner and David Greene as multimillionaire real estate investors. What you may not know, is that a decade ago this was a very different story. Brandon didn’t grow up in a wealthy family, and by his 20s, had packed on about $20,000 of credit card debt while spending $1,000 more than he could afford each month. David grew up in a family where finances were a constant stressor, he later vowed to himself that he would never let money problems hurt him or the people he loves. Now, both Brandon and David have made the long journey from rags to riches, and through investing in real estate they were able to pull themselves up by their bootstraps and reach financial independence. Today, we talk through the first five (of ten) steps that helped Brandon and David reach this financial feat.  This is a great episode to take notes on, as becoming a millionaire is close to impossible without following most, if not all of these steps. While this episode isn’t entirely focused on real estate investing, a large part of being a successful real estate investor is financial intelligence. Even if you’ve made mistakes in the past with investments, debt, spending, or any other financial lever, following these ten steps will give you a solid framework to stair-step your way into millionaire status.  In This Episode We Cover How Brandon and David discovered their need for financial independence early in life  Thinking of money the same way you think about fitness and health Reaching huge financial milestones, even if you started out with extra obstacles Fighting lifestyle creep and never falling into the Ferrari trap  Building an income stream that is scalable, passive, and automated  The “stair-stepping” method that leads to massive wealth accumulation And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel The BiggerPockets Bookstore Alan Corey Gary Keller BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming BiggerPockets Podcast 447: Create Your Dream Life in 3-5 Years Using Vivid Visions with Cameron Herold BiggerPockets Podcast 461: Defeating the “Enemy of Success” with Steven Pressfield (The War of Art) GoBundance YNAB (You Need A Budget) Mint Open Door Capital Email Your Questions: [email protected] Check the full show notes here: https://www.biggerpockets.com/show503 Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to another episode of the BiggerPockets Podcast. Today, we’re trying a new format where David Greene and Dave Meyer bring on an expert in the real estate investing space and talk through all the market trends, legislature, and other factors influencing the housing market and economy. As our special guest, Kathy Fettke from the Real Wealth Network joins us to talk about housing market predictions in 2021 and beyond, the eviction moratorium (and its effects after ending), and where investors should start looking for opportunities. We touch on economic concepts like supply and demand, how this market compares to 2007’s bubble, why millennials are soon to become the biggest buying cohort in America, and the underbuilding crisis that we’re currently facing. If you’d like to request a topic for discussion or ask a question, send us an email at [email protected] with NEWS in the subject line! In This Episode We Cover: Housing market predictions for 2021 and beyond Comparing today’s high values to the values back in 2007 The eviction moratorium and the impact it had on mom and pop landlords Understanding the difference between the dollar crashing and home values skyrocketing  When we will return to a more “normal” housing market  Why millennials face an uphill battle when trying to purchase homes And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel Dave's Real Estate News NMHC Rent Payment Tracker Email Your Questions: [email protected] Check the full show notes here: http://biggerpockets.com/show502 Learn more about your ad choices. Visit megaphone.fm/adchoices

We’re back with another episode of “Seeing Greene” with David Greene! Listeners and investors have submitted their questions via video and through the BiggerPockets Facebook Groups and BiggerPockets forums over the past month, we’ve compiled some of the best (and most frequently asked) questions so David can answer them live on air! This episode goes over a handful of different topics with questions from agents, wholesalers, new home buyers, rookie investors, veteran investors, and others just trying to get into real estate investing. These questions are not only common, but crucial when trying to understand purchasing, structuring, and optimizing real estate investments. If you want to ask David a question, click here to submit a video for David to answer on the next “Seeing Greene”! Want an answer right away? Head over to the BiggerPockets forums to get help from millions of other real estate investors, just like you. In This Episode We Cover: How to become a star agent in a brand new (or competitive) market Should you use points to get lower interest rates? How soon can you refinance a house purchased in cash? What are some factors of a successful short-term rental? How would David escape a triangle hold from Brandon Turner? How do you structure partnerships? And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel BiggerPockets Bookstore David’s Instagram BiggerPockets Bundle BiggerPockets Wealth Magazine Submit Your Questions to David Greene Click here to check the full show notes: https://www.biggerpockets.com/show501 Learn more about your ad choices. Visit megaphone.fm/adchoices

Robert Kiyosaki is arguably the most influential author in the finance, real estate, and investing space. His book, Rich Dad Poor Dad, has sold over thirty million copies and has been translated into forty different languages across forty different countries. Since its inception in 2002, Rich Dad Poor Dad has become almost every investor’s favorite book, prompting them to get out of the rat race, pursue financial independence, and teach them everything Robert’s “Rich Dad” taught him. Robert has seen numerous housing cycles, including crashes, booms, and busts. His knowledge of micro and macroeconomics is astounding (to say the least) and he has some strong predictions for the future of real estate investing and the global economy as a whole. We talk about capitalism, marxism, communism, inflation, debt, assets, liabilities, and everything in between. This episode is not only crucial for anyone who is a fan of Robert’s books, board games, and videos but anyone who truly wants to learn the game of real estate. As a general word of advice: Robert has some very strong opinions that he voices throughout this episode, and even if you disagree with any (or many) of them, it may serve helpful to listen to his full explanations of his takes. Robert has built an incredibly successful life, but started as a child of a financially dependent family, served in the marines during the Vietnam war, and has fought hard to keep capitalism alive and well in the United States, and abroad. Be sure to grab Robert’s new book, Capitalist Manifesto, and thank you for joining us for the 500th episode of The BiggerPockets Podcast! In This Episode We Cover: Why Rich Dad Poor Dad remains a timeless classic in the investing world Why Robert favors real estate, precious metals, and cryptocurrency above other assets The difference between an asset and liability, and why so many Americans confuse them Writing (and fighting) for freedom, prosperity, and wealth  Paying attention to the macroeconomic trends and using them to make smarter investing decisions The assets that Robert is bullish on in today’s market Why you need to love studying real estate to become successful And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel BiggerPockets Bookstore Brandon's Instagram David’s Instagram BiggerPockets Bundle BiggerPockets Wealth Magazine BiggerPockets Podcast 479: 10 Powerful Lessons Brandon Learned Building a $50M+ Rental Portfolio Ray Kroc's Story Dave Ramsey's Website Cashflow Game GoBundance Ken McElroy's Website David's Guesting on Ken McElroy's Show Jordan Peterson's Website Check the full show notes here: https://biggerpockets.com/show500 Learn more about your ad choices. Visit megaphone.fm/adchoices

Many people call themselves “entrepreneurs” nowadays. Essentially, anyone who can make some kind of income on their own is an entrepreneur, but there is a big difference between an entrepreneur and a business owner. While an entrepreneur can start businesses, a business owner can build, enhance, and delegate out a business. This is something that today’s guest, James Wedmore, is proficient at. James’ experience in this field speaks for itself, he’s an 8-figure CEO, a highly sought-after coach for successful business leaders, and runs the Mind Your Business Podcast. He has a unique viewpoint when looking at growth, which allows many business owners to take a step back and think “what is truly achievable?” James helps business owners grow their businesses into scalable, profitable, and successful operations. He focuses on building a “machine” that can run as a business, as opposed to a business owner doing 10+ different tasks, solely because they can. He also talks about the importance of having urgency in your product offering and giving your business what it needs to thrive, not just trying to extract what you need from it. In This Episode We Cover: The difference between entrepreneurs and business owners Why so many business owners get bored of their business Addressing the needs of your business and asking “what does it want from me?” Letting go of technician roles in a business and delegating tasks Getting rid of bad habits through mindful integrity Forgiving yourself for mistakes, self-judgment, and blame And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel BiggerPockets Bookstore Brandon's Instagram David’s Instagram OpenDoor Capital Mind Your Business Podcast BiggerPockets Podcast 484: 3 Ways to Simplify Your Real Estate Investing with Brandon Turner BiggerPockets Podcast 449: How Emails Are Constantly Destroying Your Productivity with Cal Newport Click here to check the full show notes: https://www.biggerpockets.com/show499 Learn more about your ad choices. Visit megaphone.fm/adchoices

When most people think about section 8 housing, they think of run-down homes, troublesome tenants, and negligent landlords. This stereotype may prove true in some markets, but for Dr. Joe Asamoah, this is far from reality. Joe has built his real estate portfolio by renovating homes to an incredibly high standard, situated in some of the best neighborhoods in the DC market, and all while under section 8 housing. Joe figured out early on that section 8 housing authorities gave much more rent money for houses with 5 bedrooms and up, so he started renovating to match the rent section 8 could provide him. This not only allows him to take home a sizable profit, but score tenants who will respect his homes as their own, and stay there for 15 to 20 years minimum. This is no joke, Joe has tenants who have been with him for two decades! You’ll see a deep dive of Joe’s latest property in today’s episode, complete with pictures, videos, and other helpful visuals. If you’re only listening to this podcast, we’d highly recommend checking out the video version over on the BiggerPockets Youtube channel! In This Episode We Cover: What the “Big City BRRRR” strategy entails How to control tenant turnover so you have ZERO vacancy  Using section 8 to take in higher rents How to create a top tier product that attracts top tier tenants  Becoming the best landlord a tenant could ask for Adding bedrooms, bathrooms, and getting permits for everything in between And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Calculators BiggerPockets Pro Membership BiggerPockets Youtube Channel BiggerPockets Bookstore Brandon's Instagram David’s Instagram BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah Rookie Podcast 03: Coronavirus Crash? Do's and Don'ts from Recession Veterans Joe Asamoah and Steve Rozenberg BiggerPockets Youtube: Big City BRRRR Strategy & Recession Proof Cash Flow Real Estate with Joseph Asamoah! Check the full show notes here: https://www.biggerpockets.com/show498 Learn more about your ad choices. Visit megaphone.fm/adchoices

We’re back for part two with The Multifamily Millionaire authors Brandon Turner and Brian Murray. This time, Brian is on the mic to give you the ten steps to purchase your first large multifamily property. You may be thinking that these ten steps sound too easy for such a large deal, but that is part of the advice that Brian gives. Brian wants smaller multifamily owners or even single-family owners to know that buying a large multifamily property is just more volume, not a completely different skill set. If you own one or multiple units right now, you may have more skills than most to take down a 100-unit apartment building or a big mobile home park. The only thing standing in your way is the mindset. This episode just scratches the surface of what’s possible in large multifamily real estate investing, the rest can be found in The Multifamily Millionaire Volume II. As a reminder, if you purchase before the end of August 2021, you’ll get a four-week multifamily masterclass, taught by Brandon Turner. In This Episode We Cover: Why chasing larger deals leads to larger profits  Understanding the skills needed to become a successful multifamily investor Shrinking your criteria down to a micro-level, not just a macro overview Starting (or investing in) syndications so you can get into bigger multifamily deals Capital stacks, debt, and other types of financing when buying large properties Why underwriting is more than just putting numbers into a spreadsheet And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Calculators BiggerPockets Pro Membership BiggerPockets Youtube Channel BiggerPockets Bookstore Brandon's Instagram David’s Instagram BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray Discover the Multifamily Book bonuses  Click here to check the full show notes: https://www.biggerpockets.com/show497 Learn more about your ad choices. Visit megaphone.fm/adchoices

For the most part, Brandon Turner was able to achieve financial independence through small multifamily investing. This is why investing in duplexes, triplexes, quadplexes, and even 24-unit apartment buildings can be a fantastic learning experience and money maker for new landlords. But how do you get started if you’ve never bought a property before? Brandon and his co-author of The Multifamily Millionaire, Brian Murray, walk through the seven steps to go from real estate onlooker to small multifamily master. We talk about everything from defining your criteria, financing, management, lead generation, and more. If you’re looking to build a portfolio of small multifamily properties that will allow you to break out of the rat race and do more of what you love (which may be large multifamily), make sure you not only listen to this whole episode but get Brandon and Brian’s new book! This is a two-part episode series. In part one we talk about small multifamily and in part two we talk about large multifamily, both episodes have crucial information for anyone trying to get into the multifamily space! In This Episode We Cover: The difference between small multifamily properties and large multifamily properties Financial independence vs. generational wealth and understanding which goal you have Why you don’t necessarily need to start small in multifamily Defining your crystal clear criteria and knowing what you want On-market leads vs. off-market leads and the pros/cons of both Financing small multifamily properties and house hacking The “multifamily warp” that takes you from newbie investor to multi-millionaire And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Calculators BiggerPockets Youtube Channel BiggerPockets Bookstore Realtor.com LoopNet Zillow Jason Drees's Coaching Ryan Murdock's Instagram Mike Williams's LinkedIn Profile Micah Cabagbag's Instagram BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray Check the full show notes here: https://www.biggerpockets.com/show496 Learn more about your ad choices. Visit megaphone.fm/adchoices

It often seems like the most successful people are the ones who take the most risks. There’s no surprise that at one point, billionaire entrepreneurs were given the choice to either stay where they stood or leap for something greater. This is something that today’s guest, Sukhinder Singh Cassidy, understands. She’s helped lead some of the biggest companies around like J Crew, Stitch Fix, TripAdvisor, and Urban Outfitters (just to name a few). The one thing that Sukhinder has found throughout her years in Silicon Valley and through writing her new book, Choose Possibility, is that groundbreaking leaders don’t just take one big risk, they take several small ones. This works for real estate investors too. If you’ve just gotten into real estate investing education, the first step for you isn’t to go out and buy a house, it’s to join a meetup, contact an agent, or even join the BiggerPockets forums. These are what Sukhinder calls the “minimum viable choice”. Don’t worry about doing everything, just do something! Sukhinder gives some great advice on leadership for those in executive business roles, plus how to find talent in this increasingly competitive market. If you’re just starting in your career, take Sukhinder’s advice and do great work for great people, the rest will fall into place. In This Episode We Cover: How Sukhinder’s love of entrepreneurship began “Coconut events” vs. “subway events” (and how you can plan for both) Embracing uncertainty and calculating your risks Starting in Silicon Valley and building a strong reputation  Choosing to make the “minimum viable choice” whenever possible How to know whether you’re managing others or having others manage you What leaders and business owners can do to attract the best talent And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Calculators BiggerPockets Youtube Channel OpenDoor Capital Brandon and David’s Books BiggerPockets Podcast 447: Create Your Dream Life in 3-5 Years Using Vivid Visions BiggerPockets Podcast 407: Buying 100+ Houses/Year in 4 Hours/Week Using Teams, Traction, and (Get this…) TikTok Choose Possibility Website Click here to check the full show notes: https://www.biggerpockets.com/show495 Learn more about your ad choices. Visit megaphone.fm/adchoices

There’s a new three-peat on the BiggerPockets Real Estate Podcast, and no, it’s not Michael Jordan. Danny Johnson, the founder of Forefront CRM, is back with us on today’s episode to talk about the five F-words of real estate investing. Before you jump to conclusions, this is a family-friendly show, the F-words we’re talking about are fear, fundamentals, focus, funnel, and follow up. Many investors find too few deals, too few motivated sellers, or too few ways to find financing. This is all being said while other investors are closing deals, finding motivated sellers, and getting the financing they need to pursue even more deals. What separates the two from each other? Often, it comes down to the simplest things. Are you trying to be too creative or are you mastering the fundamentals? Do you know your metrics down to a tee so you can improve upon them? How is your funnel being filled and where are your leads coming through? If leads come through, are you following up or letting them fade away? And lastly, are you pushing past your fear to do any of the above things? If you feel like you’re stuck, without much of a handle on your real estate business, feel free to try Danny's Forefront CRM! In This Episode We Cover: How to create time freedom in a business largely depends on your efforts Tracking how your team performs their work and continuously improving Pushing past fear and not allowing laziness to stop your dreams  Understanding the fundamentals and performing them as well as possible Tracking and reviewing metrics consistently  Knowing the costs to fill your funnel and seeing every phone call as a potential deal Following up with customers (without being too salesy or pushy) And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Calculators BiggerPockets Youtube Channel BiggerPockets Podcast 018 : Flipping, Marketing, and Wholesaling with Danny Johnson BiggerPockets Podcast 144: Getting Out of Your Comfort Zone and Kicking Butt at Real Estate with Danny Johnson Trello Pipedrive ForefrontCRM Brandon's Instagram David's Instagram Check the full show notes here: https://biggerpockets.com/show494 Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s rare to find someone with the experience, knowledge, and downright friendliness of Ken McElroy, which is why we’re having him back on the show! This time, Ken breaks down some of the fundamental truths of real estate investing and how it can help you, as an investor, make more money, reach financial freedom, and live the life you were born to live. Ken has been in the real estate game for decades, starting as a property manager in college, becoming a landlord with a sizable portfolio, then meeting Robert Kiyosaki and working on books, education, and systems with some of the biggest names in real estate. Ken has been through multiple market cycles, dozens of policy changes from the government, and made lots of money on many different types of deals. He has a unique experience that gives him a leg up on much of the new competition. You’ll hear Ken’s thoughts on the “affordability crisis” we may be facing in the coming years, how short-term rentalsare changing the landscape of month-to-month rentals, and how an inexperienced investor can get started with “good debt”. Make no mistake, the lessons Ken talks through in this episode took decades to learn, but you can get them all in just over an hour! In This Episode We Cover: How COVID did (and didn’t) affect the market for real estate investors Leveraging “good debt” so you can build your real estate empire When prices of labor, lumber, and new construction will flatten What the future of the real estate market will look like, and how landlords can benefit Working with the system (government, tax codes, etc.) as opposed to working against it Why great deals will always get funded (especially in today’s market!) And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Calculators BiggerPockets Youtube Channel OpenDoor Capital Brandon and David’s Books Real Estate Rookie Bootcamp BiggerPockets Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy Airbnb Get Ken McElroy's free e-book for BiggerPockets listeners Click here to check the full show notes: https://www.biggerpockets.com/show493 Learn more about your ad choices. Visit megaphone.fm/adchoices

Rob Abasolo, AKA Robuilt on Youtube, didn’t have a background in real estate, or construction, or hospitality, or really anything related to his current success. He did have drive, creative thinking, and the will to make something work when other people told him it was impossible. Rob and his wife moved from Kansas City to Los Angeles, trading a $1,100 mortgage on a house for a $1,800 rent bill on a small apartment. Around this time, Rob started hearing about Airbnb and short-term rental hosting. So, he decided to buy a house, keep his apartment, and try his hand at some Airbnb arbitrage. It worked, and thus the short-term rental revenue model was proven! Rob then started to Airbnb out the apartment attached to his new home. He was pulling in some solid income, anywhere from $2,000 to $3,000 a month. So what did he do next? He built a “tiny house” in his backyard for around $72,000 and began renting it out for up to $4,000 a month on Airbnb. That’s when Rob thought “what if I built ten of these?” Now, four years later, that’s exactly what he’s done. Rob has a growing portfolio of short-term rentals all across the United States. From California to Texas, to Tennessee and beyond. But this isn’t the end for Rob. His new plans? Build a massive “glamping” compound on his newly acquired 50 acres of land in Gatlinburg! In This Episode We Cover: Airbnb arbitrage and the risk of always going after cashflow Offsetting your mortgage with short-term (or long-term) house hacking Airbnb regulations and making sure you’re allowed to host visitors Building a “tiny house” and the cost associated with it Funding your deals through HELOCs and partnerships  The new trend of “glamping” and why it may be a massive opportunity And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Calculators BiggerPockets Youtube Channel American Horror Story Turo Joshua Tree Harebnb Listing BiggerPockets Podcast 280: The Key to Making Great Deals (Hint: Overlooked Properties!) with Mark Hentemann (Writer for TV’s Family Guy!) Zillow Airbnb Check the full show notes here: https://biggerpockets.com/show492 Learn more about your ad choices. Visit megaphone.fm/adchoices

Many of us have a story behind doing what we do. You may have been raised by parents living paycheck to paycheck, spurring you to chase financial freedom and create a better life. Or maybe you labored tirelessly at work to get a promotion or raise, simply to be passed up for someone else. For Adam Gilbert, founder of MyBodyTutor, his “why” is his father. Adam looked up to his father all his life but saw the pain and distress he was going through when he had a heart attack, a triple bypass surgery, and was later diagnosed with multiple sclerosis. This forged a path for Adam that materialized in the health and fitness space. Adam knew that he never wanted to be “too tired” to play with his kids, spend time with his family, or pursue a passion. As Adam has grown his business over the past decade and a half, he’s come away with many lessons that ring true for not only fitness enthusiasts but business owners as well. We talk through the five rules that Adam has put together for anyone to become healthy, wealthy, and mentally sound. While this is a mindset episode, you’ll be surprised with how many of these rules crossover almost perfectly into real estate investing. In This Episode We Cover: When to quit your full-time job and pursue your passions Choosing daily consistent action over large infrequent actions Why health is the ultimate productivity tool  Setting up “planned indulgences” and being strict, yet fair with yourself Choosing consistency over intensity and opting for small changes over time Doing what scares you until it doesn’t Accountability through partners, coaches, and friends And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Calculators BiggerPockets Youtube Channel BiggerPockets Bookstore GoBundance OpenDoor Capital Brandon and David's Books Adam from My Body Tutor BiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy Mybodytutor.com Special Deal for Listeners Click here to check the full show notes: https://www.biggerpockets.com/show491 Learn more about your ad choices. Visit megaphone.fm/adchoices

We all know that Hawaii is expensive. With its black sand beaches, fantastic surfing waves, and delicious poke bowls, why wouldn’t you want to live and invest there? Well, even with all those positives, many investors steer clear of Hawaii due to its high prices and lack of land, but one investor, Indar Lange, has proven those critics wrong. Indar is Hawaii’s largest flipper, running about 15 flips at any given moment, and tackling deals priced at upwards of $3,000,000! Indar is no rookie to the game, he’s been doing this for the last decade and a half, but he had humble beginnings. Growing up poor on a farm in rural Hawaii, Indar thought that his life would be set once he got his engineering degree. After realizing that engineers topped out at about $150,000 per year, Indar had to think of something else to do. He coincidently bought a small home at the time, fixed it up, and sold it after living in it for a few years. He paid zero taxes on the gain and this became his first live in flip, which caused the real estate wheels to start turning in his head. Now, he’s hooked up with some of the best lenders, agents, wholesalers, contractors, and investors in the Hawaii area, taking down massive deals for a big payday. You’ll hear Indar’s full story and catch his “Ninja Tips” for the aspiring real estate investor. In This Episode We Cover: Why real estate the go-to investment for the wealthiest people in the world  Completing a live in flip and the tax benefits associated with it When it makes sense to attend a real estate course (even expensive ones) How Indar stopped his first flip from falling through due to lack of funding Financing your deals with hard money and private money loans Long-distance real estate investing from Hawaii Cost segregation studies and other tax write-offs from real estate Indar’s “Ninja Tips” for real estate investors And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Calculators BiggerPockets Youtube Channel BiggerPockets Bookstore Plastiq BiggerPockets Hard Money Lenders BiggerPockets Money Podcast Mindy's BiggerPockets Profile Home Depot Yelp BiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl Yarber BiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan “The Mercenary” Murdock BiggerPockets Conference Brandon and David's Books Adam from My Body Tutor Check out the full show notes here: https://biggerpockets.com/show490 Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate is a business, but we often don’t think of it that way. A single-family home here, a duplex there, at the end of the day we’re just landlords, right?  What if some large corporation or outside buyer wanted to buy your real estate business from you. Even better, what if you had such efficient systems in place that you could sell your business for 10x what you put into it. Sounds pretty sweet right? Today we talk to Michelle Seiler Tucker & Sharon Lechter, authors of Exit Rich and Rich Dad Poor Dad. Michelle and Sharon have spent years building and selling businesses and have defined the 6 Ps to a profitable exit. Their main critique of most business owners: start planning to scale efficiently TODAY. This can help you as a real estate investor start putting systems in place to grow your portfolio faster and with less work from you later on. If you’re willing to put in the upfront effort to start hiring right, systematizing, and opting for efficiency you most certainly will “exit rich”! In This Episode We Cover: What business owners do that costs them millions in company valuation  The 6 Ps to a profitable (and stress-free) exit Building systems that allow your business to grow efficiently  Focusing on company culture and having an employee liaison Why most business owners won’t let go of their “hands-on” role How a business is valued (and what you can do to boost your valuation) And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel GoBundance OpenDoor Capital Brandon's Books BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone Cherry Creek Lodge - Guests Ranch Exit Rich Website  Click here to check the full show notes: https://www.biggerpockets.com/show489 Learn more about your ad choices. Visit megaphone.fm/adchoices

The average journey of a real estate investor tends to go something like this: buy a house, use profits to reinvest into another house, buy a duplex here and there, and buy another house again. Does this sound like you or someone you know? For Feras Moussa, stacking single-family properties was never the goal, especially after he had to manage his first rental investments. At some point, it becomes too hard to scale and you’re stuck with 30+ units and 30+ tenants all trying to get your attention to fix something. This is how real estate can become more of a job than a business. Feras knew this so he started venturing into medium/large multifamily investments instead. His first big multifamily deal was a 99-unit deal in Atlanta, Georgia. He was able to take a neglected apartment complex and turn it into a cash-flowing, high-value piece of property that he later sold for a sizable multiple. Now, Feras does bigger deals, like a $50M+ apartment complex that his company Disrupt Equity and Open Door Capital are partnering on. If you feel too scared to jump (or even dip your toe) into bigger multifamily investments, hear out Feras. He shows it’s a lot less scary than most people think. In This Episode We Cover: How to scale your real estate investment portfolio with medium/large multifamily The habits that a successful multifamily investor develops Networking and being more than just the “business card” person Why masterminds are a HUGE source of deals, partners, and friends Underwriting and how it differs from basic deal analysis Using “value-add” to increase the value of a property and cash flow The red flags you should look for when buying multifamily properties  And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Calculators BiggerPockets Youtube Channel GoBundance Brandon's Books Best Ever Conference Blackstone Check the full show notes here: https://biggerpockets.com/show488 Learn more about your ad choices. Visit megaphone.fm/adchoices

David Greene is back and we’re “Seeing Greene” as he answers some of the most common real estate investing questions from BiggerPockets listeners! David goes over a multitude of different questions, ranging from financing, to acquisition, to mindset, and strategy. Not only does David have the experience of being a real estate investor, he’s also a licensed real estate agent and owns a mortgage company as well. This allows him to have insider insight that many real estate investors simply don’t have. If you’ve wanted a question answered by an industry expert, stick around because your question might just be answered on this episode of “Seeing Greene”! In This Episode We Cover: Building leverage with HELOCs and Cash-Out Refinances  When to lower rent prices on a vacant property that won’t fill up Write-offs and tax deductions that real estate investors can use How newly proposed capital gains taxes may influence seller financing opportunities How to shift your mindset and identity to fit the person you want to become Finding financing when you’re self-employed or have low income And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel Rookie Podcast 55: Combining House Hacking and Live in Flips with Tyler Madden Submit Your Questions to David Greene Click here to check the full show notes: https://www.biggerpockets.com/show487 Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s understandable why so many real estate investors don’t want to partner up. I mean, who wants to split half of a rent check with someone else? This can seem especially true when you’re just starting and every cent of profit counts. But, what if the path to financial freedom was through partnerships? What if you could grow your wealth, spend less time working, and scale far faster simply by leveraging your relationships. With us are the hosts of the new InvestHER podcast, Liz Faircloth and Andresa Guidelli, two real estate veterans who partnered up to teach women about financial freedom, cash flow, and everything related to real estate. Liz and Andresa are both partners in real estate and partners in leading the InvestHER community, so they know a thing or two about what makes partnerships work and what doesn’t. We talk about questions to ask potential partners, how to test out a partnership by doing a project together, formalizing a partnership with binding contracts, how to stop resentment in partnerships, and how to end partnerships that go bad. If you’re looking to scale your real estate portfolio to new heights, you’ll definitely be using partnerships to do so. Tune in to make sure you and your partner stay protected! In This Episode We Cover: Why it’s so hard to scale in real estate without partnerships  The top questions to ask a potential partner  Testing out your partnership by doing a small deal together Making deposits into the “emotional bank account” of a partnership Finalizing your partnership agreement with an attorney Keeping information flowing on both sides Preventing (and ending) bad partnerships The new InvestHER podcast! And SO much more! Links from the Show BiggerPockets Forums OpenDoor Capital Real Estate Rookie Podcast BiggerPockets Business Podcast BiggerPockets Money Podcast BiggerPockets Podcast 088: Investing with Your Spouse, Managing Financials, and Growing Your Team with Matt and Liz Faircloth BiggerPockets Podcast 203: Finding Deals, Funding, Contractors, and Mentors with Matt and Liz Faircloth BiggerPockets Podcast 314: How to Find Rockstar Contractors and Manage Like a Boss with Andresa Guidelli Matt Faircloth's BiggerPockets Profile Ryan Murdock's BiggerPockets Profile Mindy Jensen's BiggerPockets Profile BiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan Check the full show notes here: https://www.biggerpockets.com/show486 Learn more about your ad choices. Visit megaphone.fm/adchoices

Three years ago, Atomic Habits was released. In this groundbreaking book, author James Clear asks a complex question “why do we continue our bad habits while neglecting good habits?” While it’s not as easy as simply saying, “I want to be better, hence I’ll stop doing this”, there are some ways that you can convince (and often trick) yourself into developing the habits that will help you create a better life. The first thing to know about habits is that they aren’t a minimal part of your life. Your habits are what your life is built upon. Do you habitually clean your room every week? You’re most likely a clean and well-organized person. Are you constantly looking for ways to save money? You probably have a decent-sized bank account. If you want to become the “money person” or the “helpful person” or the “intelligent person” you need to start adopting the habits that someone in those positions would have. So how do you develop a good habit? More importantly, how do you halt your bad habits from derailing your entire life? James walks through a few key ways to do this, from making habit cues less obvious, to changing your environment, to removing yourself from the choice entirely. One thing is for certain, if you want to change your life for the better, you need to start changing your habits. In This Episode We Cover: How James developed his interest in habits and psychology Becoming “the architect” of your habits and not falling victim to poor choices Understand the end goal and slowly work your way to it Taking on the actions of someone successful and becoming that identity  Why bad habits can be so hard to break How long does it take to develop a habit? Intaking media that will change your mindset and influence your actions And So Much More! Links from the Show BiggerPockets Forums OpenDoor Capital BiggerPockets Youtube Channel BiggerPockets Pro Membership BiggerPockets Events BiggerPockets Facebook Group BiggerPockets Store Brandon's Instagram David's Instagram BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors Click here to check the full show notes: https://www.biggerpockets.com/show485 Learn more about your ad choices. Visit megaphone.fm/adchoices

Brandon Turner is a man of many talents. Whether it be building a real estate empire, growing a team, or surfing out in Maui, he seems to make it all look so simple. Yet, that is his key to success. Simplicity.  Brandon’s keynote speech from BPCon 2019 touches on many things, including how to simplify your business so it’s working for you, how to grow a team you trust, working with your strengths, and becoming the superhero in your own story. It also includes glimpses into Brandon’s everyday life. From hair styles, to how to ask out your crush, and even saving naked swimmers on Maui beaches.  Regardless of where you’re at in the journey, every successful business owner (whether real estate or not) has to make a big business into something simple and seamless, and that’s what you’ll learn from Brandon’s keynote speech.  Want tickets to BPCon 2021? Click here! In This Episode We Cover: How to make your real estate business as simple as possible How to take the complexity out of tasks that seem difficult at the start Why simple isn’t easy (but it’s worth it) How to stop yourself from “building too many bridges” Why you need to hire before you’re ready  The importance of rehearsing your steps (in business and surfing) How to become the “Superhero” in your story Why Brandon had a mullet in his youth And SO much more! Links from the Show BiggerPockets Forums OpenDoor Capital BPCON2021 J Scott 's BiggerPockets Profile BiggerPockets Business Podcast 18: How to “Have It All” by Living with Intention with Brandon Turner BiggerPockets Podcast 394: Making a 25 Deal/Year Business (and Marriage) Work… Together! with Elliot and Chrissy Smith Ryan Murdock's Facebook Profile Check the full show notes here: https://www.biggerpockets.com/show484 Learn more about your ad choices. Visit megaphone.fm/adchoices

Last week, Brandon and David sat down to talk about the “Core 4” of any successful real estate team. Now they’re here to talk about the “Divided 5-ed”, a term they coined to describe the five team members you’ll need to scale your portfolio to new heights. Both Brandon and David agree that a sizable, growing real estate portfolio needs to be thought of more as a business than just a group of rental properties. Maybe you’re looking to scale into large multifamily properties, commercial properties, self-storage units, or mobile home parks. Or maybe you’re just going to buy 1,000 single-family homes. Whatever your strategy, you will need a lead generator, underwriter, money raiser, asset manager, and financer/bookkeeper on your team. You may start out doing many of these roles when you buy your first few properties, but as you scale, you’ll need to fill these roles with more fitting individuals. Maybe you want to get more experience before you start buying properties. Great! Join someone else’s team and think about how you can be the BEST in the role that you’ve been appointed to. In This Episode We Cover: The five roles that will make scaling possible (and easy) for your future acquisitions How to choose the asset class that fires you up Using DISC scoring to decide who would be best for each role How Brandon built his team at Open Door Capital using this layout Finding a team where you learn, grow, and thrive And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Pro Membership Open Door Capital BiggerPockets Podcast 481: Build an Unstoppable Real Estate Portfolio with the “Core 4” BiggerPockets Podcast 407: Buying 100+ Houses/Year in 4 Hours/Week Using Teams, Traction, and (Get this…) TikTok with Ryan Pineda BiggerPockets Podcast 444: 150 Deals at Age 22 by Putting Relationships Over Profit with Cole Ruud-Johnson How to Use the DISC Profile to Communicate Effectively in Business BiggerPockets Events BiggerPockets Facebook Group BiggerPockets Store Brandon's Instagram David's Instagram Click here to check the full show notes: https://www.biggerpockets.com/show483 Learn more about your ad choices. Visit megaphone.fm/adchoices

Everybody is busy. We have jobs, kids, businesses, and responsibilities to take care of. Why go out of your way and risk your money and time to invest in real estate? Mike Webb, firefighter, investor, flipper, and wholesaler argues the opposite. Mike says that it’s far riskier to simply rely on your job for the entirety of your income. Mike began his investing career by investing in a side-by-side duplex, rehabbing it, and failing to complete a successful BRRRR. After seeing the cash flow and learning from his mistakes, Mike saw an investment strategy that could carry him to financial freedom. He is still working as a full-time firefighter, but is building his portfolio and completing 20-30 flips per year while he does so. This gives Mike the ultimate freedom to do whatever is best for him and his family, even though he loves his job. In a world where it seems cool for everyone to quit their job, Mike reassures those who like their work that it’s worth staying, especially to keep that investment money flowing. He also walks through his partnerships, how he hires his team members, and what you can do to systematize your business so you can outsource your work as you take on more strategic roles!  In This Episode We Cover: Why you don’t have to choose between a career and investing in real estate Learning from your first deal and using your newfound knowledge to expand Why the 1% rule and 2% rule shouldn’t be the ONLY metric you consider during deal analysis Using the BiggerPockets Forums to meet partners, mentors, and other real estate professionals The “OODA Loop” and why it’s a great tool for organizations Starting a meetup and being in the know with local investors Why working AND investing decreases your overall financial risk And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Podcast 469: Why Do Investors Lie to Themselves? +More Audience Q&A (Pt. 2) (Mike's question) BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene Open Door Capital Voxer Slack Loom WizeHire Google Docs BiggerPockets Events BiggerPockets Facebook Group BiggerPockets Store Brandon's Instagram David's Instagram Check the full show notes here: https://biggerpockets.com/show482 Learn more about your ad choices. Visit megaphone.fm/adchoices

David Greene is great at coining new terms, just like his co-host Brandon Turner. Today we talk about the “Core 4” of any successful real estate investor's team. This includes the agent/deal finder, the property manager, the lender, and the contractor. Without these Core 4, you’ll have trouble building a real estate empire, especially if you’re doing so long distance. The good news? Even if you’re a brand new investor, you can start building out these relationships today! With the help of BiggerPockets, you can find agents, lenders, property managers, and contractors. You can also head over to the forums and chat with other investors in your area, get their take on who’s the best in the business, and use their referrals to grow your team. Are you an agent, lender, contractor, or property manager? Great! Brandon and David drop some tips on how you can attract the best clientele that will help you grow your businesses as well. The most important part of any of this is having open, honest, consistent communication with your team members and making sure nothing is falling through the cracks so everyone knows exactly what they should be doing. In This Episode We Cover: What the “Core 4” is and why it’s crucial for all real estate investors How to find an agent using BiggerPockets’ agent directory What agents can do to find clients that will close many times over Why you should never “just go for the rate” when comparing lenders Why a great property manager should be out of sight and out of mind Choosing a contractor who ISN’T just an “order taker” And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Pro Membership Real Estate Investing Calculators Beardy Brandon BiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan BiggerPockets Podcast 475: 50x Your Revenue By Focusing on ROR (Return on Relationships) with John Ruhlin https://www.biggerpockets.com/show481 Learn more about your ad choices. Visit megaphone.fm/adchoices

At one point, Dan Brault had a construction company working on custom builds in upstate New York. He had left behind a successful sales career to do it and although he was highly stressed, he felt all of his hard work was going to be rewarded sometime soon. That is, until, he had a huge project that went over budget, over the timeline, and forced him into $400,000 worth of debt. Dan closed his company, went back to sales and started to think about what he did wrong. Was it the leadership? Was it the system? Was it just bad luck? Dan went to work, doing whatever he could to level up his business skills so he could get back into real estate full-time and do so in a way that allowed him to scale. Now, after going through many of life’s lessons, Dan is doing phenomenally, with him and his team closing on 12+ wholesale deals a month, getting him close to $200k in monthly revenue. He credits his success to his systems, his team, and the way he pivoted his leadership that allowed the entire company to work as one well-oiled machine. In This Episode We Cover: The danger of buying cheap homes in C or D-class neighborhoods On-market vs. off-market properties and which investors should go for off-market deals Dan’s favorite off-market strategies and the way he gets most of his leads Finding the “price behind the problem” so you can close on more deals Forming partnerships with real estate brokerages as a wholesaler The high costs of running a wholesaling team What sets apart gurus and gimmicks from real, honest coaches And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel Tony Robbins BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah Facebook Marketplace Darrin Damme of Bullseye Branding Left Main REI GoBundance JD Mindset Academy Beardy Brandon Check the full show notes here: http://biggerpockets.com/show480 Learn more about your ad choices. Visit megaphone.fm/adchoices

We all reach a point of complacency. We tell ourselves that we’ve done enough, it’s too hard to go further, or we don’t have enough experience, money, or time to accomplish the goals that seem impossible. Brandon Turner, host of the BiggerPockets podcast, was feeling this way too, sitting on a decade worth of real estate, with enough passive income to live his life how he saw fit. It wasn’t until Brandon started surrounding himself with people who did much more than him that he realized he wasn’t hitting his true potential. Now, leading the real estate syndication Open Door Capital, Brandon has more than 10x-ed his rental portfolio, built a life he loves in Maui, and worked with some of his heroes. This wasn’t by accident, it also wasn’t dropped into his lap. Brandon spent serious time thinking about his “vivid vision” of the future, what he wanted out of life, and who would help him get there. He’s had ups and downs, with some of his favorite employees leaving, partnerships falling through, and deals being lost. All of these proved to be valuable lessons in his ongoing work to create a mobile home empire and become the best of the best at what he, and his team, does. In This Episode We Cover: The 10 lessons Brandon learned starting Open Door Capital Why it’s crucial to have a goal for your life and shoot towards it Understanding when you’ve become complacent and finding inspiration Giving up more to work with partners who will bring you far, far greater returns Working for your employees and doing anything you can for their success How coaching allowed Brandon to open up his mind to huge possibilities Using a “Hunger Games” style recruiting technique when finding new talent And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Membership BiggerPockets Book Store Open Door Capital BiggerPockets Podcast 403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason Drees BiggerPockets Podcast 369: Escaping the Day-to-Day Grind to Work on Your Business with Jefferson Lilly BiggerPockets Podcast 246: Surviving the Coming Crash, Earning 20% Returns, and Buying Mobile Home Parks with Kevin Bupp BiggerPockets Podcast 447: Create Your Dream Life in 3-5 Years Using Vivid Visions with Cameron Herold BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray Pre-order Multifamily Millionaire by Brandon Turner and Brian Murray https://www.biggerpockets.com/show479 Learn more about your ad choices. Visit megaphone.fm/adchoices

What happens when you’re pinned to the floor in the middle of a fight? Someone has you in a locked position and you can’t move. You’re sweating, you’re angry, and you start feeling the will to fight flow through your whole body. Although we’re talking about Brazilian Jiu-Jitsu with the legendary trainer and black belt, Ryron Gracie, we could easily be talking about real estate. So many new real estate investors come into this space being scared of discomfort, wanting to be hand-held, and feeling like there is no way to hit their investing goals. That is until they’re put in the proper position, scenario, or matched up with a great teacher. These are the exact lessons that Ryron shares with us today. As a lifelong Jiu-Jitsu practitioner, and now a teacher himself, Ryron knows that the same lessons applied on the mat should be applied in everyday life. Lessons like: be comfortable with discomfort, never get pulled into anyone else’s fight, and change the game to fit your needs. This not only makes Ryron a financially successful individual, but a master in martial arts.  Even if you’ve never done martial arts, had any interest in Brazilian Jiu-Jitsu, or started real estate investing, this episode will help you change your mindset to thrive in situations where you feel lost and helpless, which is something all of us need throughout our lives. In This Episode We Cover “Emotional Jiu-Jitsu” and how to find comfort in difficult conversations Taking the fight to the ground and changing the game The crossovers between martial arts and building wealth through real estate Putting your ego and insecurity to the side and doing what’s truly best for you Realizing when you’re coming from a place of lack And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel David's Instagram Gracie University Check the full show notes here: http://biggerpockets.com/show477 Learn more about your ad choices. Visit megaphone.fm/adchoices

Normally we have two hosts and one guest, but today we have three hosts, and one of them happens to be a guest as well. We welcome Tony J Robinson, host of the BiggerPockets Real Estate Rookie Podcast, to the show! Tony has grown a respectable following due to his impressive short-term rental portfolio, his ability to scale quickly, and his made-for-radio voice. Tony grew up with real estate around him. His dad had a wholesaling company, and when it closed down his father relayed to Tony that his biggest mistake was failing to keep any of the wholesale deals as rentals. With this advice in mind, Tony saw an opportunity to fix up some rental properties in Louisiana. This gave him an intro to real estate funding, and after a few successful deals, he decided to dive in head first. Now, Tony has short-term rentals in Tennessee and Joshua Tree. He’s started multiple partnerships and speaks on the benefits of having reliable, trustworthy partners, plus how to avoid toxic partnerships that will stop you from scaling. He also lets us in on his free and simple method of finding out whether or not a market will work for short-term rentals. In This Episode We Cover: The importance of having cash-flowing passive income Why you should never treat a rental like your primary residence Buying in markets that are heavily reliant on tourism  How to make a strong, stable, and reliable partnership  The risk vs. rewards of short-term rentals Long-distance real estate investing as a rookie investor And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Real Estate Rookie Podcast BiggerPockets Money Podcast BiggerPockets Youtube Channel BiggerPockets Money Youtube Channel (Please subscribe!) Real Estate Rookie Youtube Channel (Please subscribe!) BiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl Airbnb VRBO Zillow PriceLabs Brandon's Instagram David's Instagram Check the full show notes here: http://biggerpockets.com/show476 Learn more about your ad choices. Visit megaphone.fm/adchoices

You wouldn’t think that a farm boy from Ohio would be spending hundreds of thousands if not millions on expensive clothing, high-priced whiskey, and expensive knife sets, would you? Only, he’s not buying these things for himself, he’s buying them for his clients, many of whom are some of the biggest names in business and entertainment. What does John Ruhlin from Giftology see in gift-giving that we don’t? First, John realized that giving regular corporate gifts, like a stress ball or a free pen, wouldn’t cut it when trying to build long-term relationships. He even went as far as to get courtside NBA tickets paired with a $500 steakhouse dinner to get Cameron Herold (a past guest of ours) on his team, only to find that Cameron was severely disappointed. So he started turning up the personalization of his gifts. Now, John sends out personally engraved knife sets, world-class food and wine pairings hosted by the best sommelier in the country, and video messages sent in physical boxes (seriously). He’s discovered the art and the science behind gift-giving and wants everyone to know what is, and isn’t an appropriate gift. As he puts it, you need to focus on your ROR (return on relationships) more than your ROI. In This Episode We Cover: The gifts you SHOULD NOT give to those you want to impress Focusing on ROR (return on relationships) as opposed to ROI Have a “relationship plan” in place for clients, employees, and partners Using personalized gifts to stick out from the competition Taking a warm lead and turning it into a burning fire  The best gifts to give based on the occasion, timing, and relationship And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel Brandon's BiggerPockets Profile Brandon's Instagram David's BiggerPockets Profile David's Instagram BiggerPockets Podcast 467: #1 NYT Bestselling Author Adam Grant on the Need to “Think Again” BiggerPockets Podcast 451: Stop Chasing the “False Summit”: Have Better Relationships and Results with Michael Hyatt GoBundance Open Door Capital Giftology Website Click here to check the full show notes: https://www.biggerpockets.com/show475 Learn more about your ad choices. Visit megaphone.fm/adchoices

Letting go of something successful isn’t easy, but what if you know it’s costing you your dreams? Today we talk to mother, real estate agent, and massive multifamily investor, Pili Yarusi, about doing what it takes to stay focused, engaged, and on top of your life. Pili moved out to New York from Hawaii with dreams of becoming a star in theater but ended up working as a bartender. Lucky for her, bartending is where she met her husband and future business partner. Together, they started flipping houses, which taught her not only to systematize investments but also to use her creativity in an efficient way. She and her husband later expanded into wholesaling. Pili knew something was missing and she wanted to focus more on growing a multifamily portfolio. With help from some mentors, she realized that the main thing holding her back was her current (and very successful) flipping and wholesaling business. She closed both businesses, got herself systematized, and went head first into multifamily. Now this homeschool teacher/mom is sitting on $75,000,000 in real estate, totaling in at 850 units. No small number by ANY means! She gives some incredible advice on what new investors need to do before they can reach their goals of owning big portfolios. In This Episode We Cover: Limiting your creativity (in a good way) when doing flips and rehabs The 4-3-2-1 principle and waking up with A.L.O.H.A Identifying as the person you want to become, and letting go of less useful identities The right (and the wrong) way to train employees and build a team 506b vs 506c syndications, plus what to know if you want to start one And SO much more! Links from the Show BiggerPockets Forums Clubhouse BiggerPockets Podcast 325: From Major Business Failure to Buying 20 Houses a Month With Aaron Amuchastegui Real Estate Rockstars Podcast InvestNext  Check the full show notes here: https://www.biggerpockets.com/show474 Learn more about your ad choices. Visit megaphone.fm/adchoices

There is only one man on the podcast today that has a beard, and no, it’s not the guitar-playing, surfing, 7-foot tall one. David Greene is “seeing Greene” in this episode and gives new and experienced investors advice and answers on their questions. We go through a range of subjects from real estate notes, quitting a W2, scaling, and whether or not to start a property management business. With David’s experience as a W2 police officer, agent, broker, investor, and lender, he can give all kinds of great answers related to real estate. So whether you’re a newbie trying to get your first deal done or an experienced landlordclosing on a new house every week, there is probably some question David answers that can help you out! All of these questions have been asked by BiggerPockets listeners either via video or from Facebook. If you weren’t able to get a question answered by David this time, you can submit a question at this link. In This Episode We Cover: Purchasing a property from a wholesaler How to place properties under an LLC once purchased Is land worth pursuing or should you stick to properties? When is the right time to quit your W2 and pursue real estate Can you 1031-exchange a flip into a buy and hold rental? And So Much More! Links from the Show Brandon's Instagram David's Instagram BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel BiggerPockets Podcast 457: How Thinking 5 Moves Ahead Can Make You Millions with Patrick Bet-David 6 Mindset Shifts to Make Today to Become Successful Tomorrow BiggerPockets Business Podcast 89: How David Greene Plans to Sell $150 Million of Real Estate in 2021 Rookie Podcast 81: David Greene on Where Rookies Go Wrong When Looking for an Agent Submit Your Questions to David Greene Click here to check the full show notes: https://www.biggerpockets.com/show473 Learn more about your ad choices. Visit megaphone.fm/adchoices

Nick Lamagna wasn’t planning on getting into real estate investing. When he finished college he knew that he wanted to go into law enforcement to help with counter-terrorism. He scored well on all the tests needed to be a great candidate for his dream job, but when he suffered a permanent hand injury, he was disqualified from working in law enforcement. During a period where Nick didn’t know what he was going to do, his mom forced him to read Rich Dad Poor Dad, which (like many of our listeners) changed his view on making money and having a career. After the initial interest was sparked, Nick started tackling real estate deals outside of his native state of New York. He faced challenges with getting mortgages, so he partnered with other real estate investors. He needed more cash, so he started wholesaling. The 2008 housing market crash happened, so he decided to start flipping. And now, Nick is going into bigger deals like commercial real estate and mobile home parks. Nick’s advice to new investors: think creatively, get comfortable with being uncomfortable, be in constant contact with your team, and don’t stick to one strategy. In This Episode We Cover: Long-distance real estate investing when your local market is too expensive  Building a buyers list for wholesaling and networking  Partnering with others who can finance real estate purchases  Why communication is key when doing long-distance renovations  Turning your weaknesses into your greatest strengths  And SO much more! Links from the Show 27 Interior & Exterior Preventative Maintenance Tasks for Rentals (Article) BiggerPockets Youtube Channel Brandon's Guesting on Nick's Podcast LoopNet BiggerPockets Podcast 461: Defeating the “Enemy of Success” with Steven Pressfield (The War of Art) Check the full show notes here: http://biggerpockets.com/show472 Learn more about your ad choices. Visit megaphone.fm/adchoices

We like to think that we have a lot of winners on the BiggerPockets Real Estate Podcast, whether they are in real estate or not. We may have one of the biggest winners on today's show. Tim Grover, trainer to Michael Jordan and Kobe Bryant joins us to talk about overcoming adversity, developing a winning mindset, finding what makes you fail, and his new book, accurately titled Winning: The Unforgiving Race to Greatness.  Tim argues that one of the hardest things to succeed in is business since there are so many factors that influence success. When you own or run a business, you’re constantly being thrown curveballs (like a global pandemic tied with government shutdowns). So how do you succeed when there is a constantly changing game plan? You adapt, you overcome, and you mitigate failure. These are the exact lessons that Tim taught to his high-profile clients, like Michael Jordan and Kobe Bryant, arguably the two greatest basketball players of all time. Before MJ and Kobe became the best, they had to master being average, then being good, then being great. So many people want to take shortcuts to greatness, not understanding that mastering those different levels is what truly puts you on a different stage than those who master the average level and give up. In This Episode We Cover: What really holds people back when they say they want something Focusing on recovery and health before trying to up your abilities Becoming a constant reminder to others to win and shoot for success How to stop performing with emotion and start performing with energy Stop confusing “finishing” with “winning” Struggling with balance when succeeding in your career, family life, or anything else And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel BiggerPockets Podcast 433: You Get Your Standards, Not Your Goals: Ed Mylett on Success, Faith, and Building $100M+ Businesses BiggerPockets Podcast 457: How Thinking 5 Moves Ahead Can Make You Millions with Patrick Bet-David Brandon's BiggerPockets Profile Brandon's Instagram David's BiggerPockets Profile David's Instagram Click here to check the full show notes: https://www.biggerpockets.com/show471 Learn more about your ad choices. Visit megaphone.fm/adchoices

There has been a great feud between Brittany Arnason and Host of the BiggerPockets Podcast, Brandon Turner. Both of them have done lots of renovations on houses, secured millions in funding, and live right next to the beach in Maui, but only one of them has won a “quickest person to get to 200,000 followers on Instagram” battle. We’re happy to have the winner on our show as a guest today! Brittany started out her real estate journey when she was 18 years old, buying her first rental property and tackling a multitude of different DIY projects. If you haven’t heard her story, you can check it out on episode 320. Now she’s back to talk about how she moved to Maui, hired out her employees, secured funding on commercial deals, and used social media to get her deals and connections. Her biggest advice to new investors, “jump in before you’re ready”. You won't ever have all the answers, but those who get started will finish far ahead of those who always dream about being an investor. You can also help ease the stress and unforeseen speed bumps by getting in groups with other investors, following those you look up to on social media, and becoming a resource for future mentors. In This Episode We Cover: Using social media to find deals, mentors, employees, and friends Generating leads in unorthodox ways  Fighting back against imposter syndrome and seeing your strengths Getting super cheap interest rates when closing on commercial mortgages Why the bigger deals tend to be the more passive ones Why whatever you believe can end up being true And SO much more! Links from the Show BiggerPockets Podcast 461: Defeating the “Enemy of Success” with Steven Pressfield (The War of Art) BiggerPockets's List of Agents BiggerPockets Youtube Channel BiggerPockets Podcast 320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany Arnason Invest with Zasha's Instagram BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn BiggerPockets Podcast 292: 200+ Deals in the First Four Years with Ryan Pineda BiggerPockets Podcast 388: The 7-Step “Playbook” for Scaling Your Real Estate Business With AJ Osborne BiggerPockets Podcast 412: Start Investing in Large Multifamily? How to Do it, and Why (or Why Not) with Ashley Wilson BiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl Yarber GoBundance BiggerPockets Podcast 343: Want to Work Less and Earn More? Think Like a Pilot! With Steve Rozenberg From Military to Millionaire Jason Drees Academy Real Estate Rockstars Podcast We Study Billionaires Podcast TikTok BiggerPockets Podcast 433: You Get Your Standards, Not Your Goals: Ed Mylett on Success, Faith, and Building $100M+ Businesses BiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan Brandon's Instagram Check the full show notes here: http://biggerpockets.com/show470 Learn more about your ad choices. Visit megaphone.fm/adchoices

We interview a lot of great guests on our Sunday episodes of the BiggerPockets Real Estate podcast, but we rarely hear from agents, investors, and BiggerPockets listeners who are in an early stage of real estate success. Both Brandon and David know what it’s like to be grinding, day in and day out, to get your real estate business off the ground. That’s why they’re here today to answer questions from live listeners about mindset, mentality, and growth. We talk to Brody, Joseph, Wale, and Mike, all in different stages of their real estate journey, and all very committed to success! You’ll hear questions like: If given the chance to go back, what would Brandon and David do differently? What deserves more emphasis, mindset or skill set? Is it okay to explore different opportunities at an early stage of investing? How to find balance when SO many opportunities are exciting? How do you make time for family, a job, side businesses, and real estate? Why do investors lie to themselves? Thanks again to our guests for coming on and throwing such great questions at Brandon and David! In This Episode We Cover: Leaving your W2 job to pursue real estate and other opportunities How to harness your mindset to grow your specific skill set The power of house hacking, and how it pushes your portfolio forward Scaling bigger and faster (even if it’s scary) Developing the ability to adapt, so you can survive any situation How to stop making promises that you’ll fail to uphold And So Much More! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel BiggerPockets Podcast 209: Flipping 83 Homes in the Last 18 Months with Kevin Carroll Gobundance Getting Started with Real Estate Investing: An Interview with My Real Estate Mentor  Click here to check the full show notes: https://www.biggerpockets.com/show469 Learn more about your ad choices. Visit megaphone.fm/adchoices

Last time we did a live Q&A, fans from all over came on to ask questions to Brandon and David. Now we’re back, answering the questions that BiggerPockets Real Estate Podcast fans have on their minds. We’ll go over a handful of questions, all from different investors in different parts of their real estate journey. Questions include: How can investors offload their unwanted properties to charities? How do I stop analysis paralysis even after so much research? Is it a good idea to buy in an area with a falling population? What metrics should I look for when scaling my portfolio? What’s the best niche to build wealth fastest? Plus other commonly asked questions Thanks again to our guests Nicole, Michael, Ryan, Owen, and Emily for throwing their great questions at Brandon and David! In This Episode We Cover: The biggest regret that most real estate investors have Scaling to bigger and better deals (with higher unit counts) Finding a mentor who can push you to accomplish BIG deals Using other people’s money to build your real estate portfolio The best niches for newbie investors to start out in And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Youtube Channel Restoring Eden BiggerPockets Podcast 414: 1300 Units in Real Estate Development at 30 years old with Evan Holladay Petey Pablo - Raise Up (Official Video) Open Door Capital 3 Reasons Multifamily Rentals Might Be the Perfect Investment with Paul Moore Evan Holladay's Instagram Charity Water BiggerPockets Pro Membership Getting Started with Real Estate Investing: An Interview with My Real Estate Mentor Check the full show notes here: http://biggerpockets.com/show468 Learn more about your ad choices. Visit megaphone.fm/adchoices