The harder the problem, the bigger the reward... and real estate developers who can solve affordable housing problems can do very, very well. Enter today's guest, Evan Holladay, who reached 1,300 units before the age of 30 through a combination of focus, relationship-building, and a deep understanding of the rules of the game. In this high-level episode, you'll learn how Evan and his team apply creative financing techniques to multimillion dollar projects; how they takes advantage of tax credits and grants and put together public-private partnerships; and why patience and persistence can lead to huge profits in the development game. Whether you plan on getting into bigger deals in the future or not (Evan wants 100,000 units!), this episode will inspire you to start thinking like a big-time investor, strategist, and leader. In This Episode We Cover: Listening to "what fires you up" when getting started Evan's apprenticeship for a student housing developer What a public-private partnership is Using tax credits to make a profit building affordable housing How he creatively finances big multifamily deals How he manages risk Why “it’s more valuable to control real estate than to own real estate” Why development is such a big opportunity in markets where "it's too expensive to invest where I live!" And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Shirt How to Invest In Real Estate With Only $1,000!? BiggerPockets Podcast 353: Turning $5K Into $5K/Month and Retiring at 40 with Tim Rhode LoopNet Check the full show notes here: http://biggerpockets.com/show414 Learn more about your ad choices. Visit megaphone.fm/adchoices

You, BiggerPockets listener, may have more in common with Matthew McConaughey than first realized... Changing careers. Wondering how family life fits in with a hard-driving work ethic. Embracing spontaneity, but learning that success comes from making the choice today to "be kind to your future self." The Oscar-winning actor covers those topics and more in our chat today. A lifelong journaler, McConaughey is in a reflective mood after writing his first book, Greenlights... which is filled with unforgettable stories about growing up the son of Texas an oil pipe "peddler," stumbling into acting after a night drinking with the producer of Dazed and Confused, getting arrested for playing the bongo drums in the nude, and his mid-career shift toward intense, challenging projectslike Dallas Buyers Club. If you're thinking "nah, this episode won't teach me how to house hack"... fair enough. But give it a chance and see if you aren't entertained. It's a soulful, positive, not-at-all-Hollywood conversation about choices, happiness, and success. Here's to catching more greenlights! In This Episode We Cover: Matthew's upbringing and lessons learned from his parents His decision to reject law school to pursue film His dad's 3 words of advice on choosing a career Forming your personal identity through a process of elimination How he prepares for intense roles The power of solo travel His faith His beliefs about money and philanthropy The give-and-take between career and family life Links from the Show BiggerPockets Podcast Greenlights book's website Click here to get the full show notes: https://www.biggerpockets.com/show413 Learn more about your ad choices. Visit megaphone.fm/adchoices

Ashley "BadAsh" Wilson is back today to discuss how she's shifted strategies since her popular first appearance on the show two years ago. Today's topics: Jumping from house flipping and short-term rentals into large multifamily; finding and using your unique ability when getting started; and how women can (and should!) use real estate investing to secure financial independence. Want to know how many offers it takes to land a 150-unit apartment building in Houston? Interested in multifamily, but unsure where to start? You'll get answers in this show – and in the multifamily "tip sheet" she prepared just for our audience (download it below). If you are a woman who's determined to get into real estate investing – or if you think your wife, mother, sister, or daughter would benefit from hearing Ashley's story – pick up a copy of her new book, The Only Woman in the Room: Knowledge and Inspiration from 20 Women Real Estate Investors today! In This Episode We Cover: How Ashley made the jump from flipping and rental houses to large multifamily investing Her #1 tip for anyone who wants to get into multifamily How she acquired a 150-unit apartment building in Houston What a "Letter of Intent" (LOI) is Looking at 200 deals just to buy one (!) Using "the stack" method vs. multifamily syndication How she became an expert in construction management Why she wrote a book about being "the only woman in the room" Why it's worth visualizing your perfect day when you start building your business And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Building a Six-Figure Family Real Estate Business with Ashley Wilson Roadmap for Scaling to Large Multifamily BiggerPockets Blog Open Door Capital J Scott of BiggerPockets Business Podcast Mid Atlantic Summit by Dave Van Horn The Real Estate Investher InvestorGirl Brit Instagram BiggerPockets Podcast 320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany Arnason Check the full show notes here: http://biggerpockets.com/show412 Learn more about your ad choices. Visit megaphone.fm/adchoices

Have you ever bought a whiteboard or a journal and thought, this is it... This is the moment when I REALLY commit to goal-setting... and then (as it tends to do) life just kind of gets in the way? This episode is about rethinking your approach to goals – and to do this, we've brought in an expert on managing your time and mental energy like a billionaire: Geoff Woods, VP of The One Thing and facilitator of their upcoming virtual goal-setting retreat Today, Geoff shares the blueprint that high-performing couples, teams, and individuals use 1) cast a shared vision of the future 2) work backwards to map out important steps, and 3) regularly recalibrate and track progress. Plus, we put this to the test, live! About halfway through the episode, you'll meet Matt and Melissa Miller – married parents of 3 who own 7 units but are struggling to define their exact vision... and the action plan required to realize it. Geoff leads them through a goal-setting exercise live, and the result is inspiring and surprisingly emotional. #MarriageGoals - literally! Whether you're looking to get on the same page as a spouse, business partner, or just chart out a clearer path for yourself... you'll get a ton of value out of this episode. Let us know what you think of it, and use the link below if you're interested in joining Geoff (and Brandon and Heather Turner!) at the retreat next month. In This Episode We Cover: How billionaires set goals What to do when your spouse or partner is not a natural goal-setter How to have an ongoing relationship with your goals A live goal-setting exercise with a real estate investor couple, Matt and Melissa Defining whose lane is whose when running a business with your spouse or partner What happens at a goal-setting retreat Geoff's personal story of leaving medical sales to work with Gary Keller and Jay Papasan Links from the Show BiggerPockets Podcast Virtual goal-setting retreat The 1 thing Website The 1 thing podcast Click here to check the full show notes: http://biggerpockets.com/show411 Learn more about your ad choices. Visit megaphone.fm/adchoices

What does it take to pull off a home run real estate deal? Today, we put that question to Ken Corsini, HGTV star and author of Profit Like the Pros: The Best Real Estate Deals That Shaped Expert Investors. Ken spoke to a diverse group of 25 investors about their very best deals, and in this episode he breaks down the common threads that run through each of those stories. You'll also hear Ken's tips for building your own personal brand in your market, and how he used his "Flip or Flop Atlanta" fame to build a brokerage and mortgage company. Throughout this episode, Ken points you to individual investors in the BiggerPockets community; be sure to check out their BP profiles to learn more... and pick up a copy of the Profit Like the Pros in the BiggerPockets store today. Every format includes a bunch of great bonus materials, including a breakdown of 22 investors' worst deals – so you can avoid the same mistakes. In This Episode We Cover: How personal connections often lead to home run deals Honing in on a specific niche and building expert knowledge How one deal can change the trajectory of your career Ken, David, and Brandon's personal best/favorite deals Common traits of the worst deals featured in Ken's book How Ken built a personal brand, then spun it into different businesses How he controls each aspect of his real estate transactions (title, lending, etc.) And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Flip or Flop Atlanta Best Deal Ever (Youtube Series) BiggerPockets Podcast 339: 60,000 Tenants?! How Frank Rolfe Built a Mobile Home Empire BiggerPockets Podcast 405: Investing in the Only True Recession-Proof Asset: Yourself! with Lewis Howes BiggerPockets Podcast 235: How to Find and Fund Real Estate Deals with Anson Young BiggerPockets Podcast 401: Follow these Steps to Get People to Know, Like, and Trust You with Jordan Harbinger BiggerPockets Podcast 329: Financial Freedom Before 30 Through Just 10 Deals With Felipe Mejia Self Storage Properties at Pennies on the Dollar with Stacy Rossetti Real Estate Rookie Podcast Check the full show notes here: https://www.biggerpockets.com/show410 Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's a special episode featuring the author of a book we can't get enough of: Bluefishing: The Art of Making Things Happen by the man, the myth, the legend - Steve Sims. Who is Steve, anyway? Well, he's a former bricklayer and bouncer-turned-entrepreneur who uses a unique mindset and blend of skills to creates once-in-a-lifetime experiences for billionaire clients. Experiences like: getting married by the Pope in the Vatican, having a private dinner at the feet of Michaelangelo's David statue, or going on an underwater tour of the Titanic shipwreck. And here's the thing: as you'll hear in this episode, Steve's not a silver-spoon, high society type. He's just a regular guy who chooses to think and act differently, consistently. And after this episode, you'll be able to "Bluefish" your way into more relationships, more private money, and ultimately more deals! We talk about "leading with value" when approaching mentors... blah blah blah. Today, you'll hear a refreshing new twiston that concept, and learn actual tactics you can put into practice to make more connections and level up your life today.  One final note: Steve uses some colorful language in this episode; please take note of the "Explicit" label, and listen to this one when the kiddos aren't in the backseat :) In This Episode We Cover: How Steve went from bricklayer to bouncer to building a business that makes people's dreams come true What "Bluefishing" is Digging deeper to find your customers' true motivation The one thing Artificial Intelligence can't replace Why it's often better to remove – rather than solve – problems in your business How to chase your own dreams, not someone else's Why social media "influencer culture" often leave you feeling empty and unhappy Stories of working with clients ranging from Elon Musk to The Pope Links from the Show BiggerPockets Podcast Bluefishing SpaceX Click here to check the full notes: http://biggerpockets.com/show409 Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever wonder how your family would manage if you or your spouse lost your job? Emma Powell faced that reality head-on. She knew she needed "full-time income" while continuing to spend time with her family... and she knew real estate investing would be the vehicle to get her there. Today Emma shares her journey from part-time photographer to multifamily dealmaker – how she got in the game by joining a REIA and immediately loaning money to an experienced investor (we discuss the right and wrong way to do this); her #1 piece of advice when meeting with a potential mentor; and her foray into the world of lease option ("rent to own") deals. Plus – Emma shares her perspective on how to choose a niche that suits your strengths (wholesaling wasn't for her; syndication and bigger commercial deals were a better fit). This is an inspiring story of someone who experienced a financial wake-up call, and went from total rookie to syndicator in just a few years... all while homeschooling 6 kids. Enjoy this one, and we'll see you again on Sunday! In This Episode We Cover: Emma's reaction to her husband being laid off from his tech job What a Real Estate Investor Association (REIA) Meeting is How she's found nearly all her deals by simply networking Due diligence when loaning money to an investor What lease options are What a "due on sale" clause is Closing a great deal after a seller was burned by wholesalers Her passive income goals for the future And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Real Estate Investment Association The Real Estate Syndication Show 5 Hour School Week BiggerPockets Podcast 325: From Major Business Failure to Buying 20 Houses a Month With Aaron Amuchastegui BiggerPockets Blogs BiggerPockets Webinars Check the full show notes here: https://www.biggerpockets.com/show408 Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to think like a high-level investor and business owner who is seizing the moment and enjoying his best year ever? Listen up! Former Oakland A's baseball player (and show 292 guest) Ryan Pineda steps back up to the plate today... and he delivers a detailed breakdown of how he's using TikTok, Youtube, billboards, and TV commercials to generate an avalanche of leads in the Las Vegas, NV market. Ryan's team flips and wholesales 100 houses a year... but because he's set them up according to the EOS/Traction system, he spends just 3-4 hours per week running things! Sound good? Well, a lot of hard work went it. And in this episode, you'll hear the journey firsthand: from exactly how each member of Ryan's team handles a transaction, to why they keep a visual scoreboard in the office, to how he had to shift his mindset after realizing he was the bottleneck holding his business back. In This Episode We Cover: Operating a real estate brokerage, tax company, house flipping business all at once Flipping 100 houses/year in 3-4 hours/week How Ryan attracts deals using TV ads and billboards Why he believes influence is the most valuable currency today Finding the one thing you can't delegate How he leads a team using EOS system from the book Traction How structure can actually free your team up to do their best work And SO much more! Links from the Show: The DISC Profile EOS Don't this miss one this one, and leave us (and Ryan) a comment in the show notes over at biggerpockets.com/show407. Learn more about your ad choices. Visit megaphone.fm/adchoices

"Systems, People, and Positive Vibes" are what powers Shelby Osborne's business, and today she breaks down exactly how she's used those 3 forces to go from 0 to 51 units in just a few years. Shelby shares how she boils everything down into checklists and automated reminders, so she can focus more energy on revenue-generating activities. Plus, she shares a combination word that's right up there with "liger," "bromance," and "Bollywood": the "BRRRR-nB." In her Deal Deep Dive, she reveals how she picked up a foreclosure property, transformed it into an Airbnb to generate big-time cashflow, and expects to pull all her money out so she can do it again and again! A former U.S. Army captain, Shelby is a serious go-getter and you won't help but be energized by her "no excuses" approach to life – colorful language and all ;) Oh, and before you leave this page be sure to check out her checklist for startup your own real estate meetup below! (If you can't see it on your phone, head over to biggerpockets.com/show406.) In This Episode We Cover: How Shelby transitioned from Army life to real estate agent and investor life How she finances her deals with a combination of bank loans, hard money, private money and lines of credit The details of her ongoing "BRRRnB" deal How she saves time by using email templates and automated follow-up sequences How to set up your business to run on autopilot so you don't have to rely on your (unreliable) brain Building a community to attract talented people with positive attitudes And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Wealth Magazine BiggerPockets Insights Myers & Briggs Test The DISC Profile Open Door Capital Find Real Estate Agents Pints and Properties Meetup BiggerPockets Podcast 396: Post-COVID-19 Investing and Landing Great Deals at Auctions with David Osborn and Aaron Amuchastegui AirBnb The Incredible Power of Long-Distance BRRRR Investing with Alex Felice Check the full show notes here: http://biggerpockets.com/show406 Learn more about your ad choices. Visit megaphone.fm/adchoices

Do you have fears and insecurities that hold you back from the life you envision? No? OK, well we'll see you next week... But really: this topic gets to the heart of why so many real estate investors quit, fail, or never even get started at all. Today's guest, Lewis Howes, has been studying these concepts for the past 13 years as host of the hit podcast School of Greatness. It all started as an effort to climb out of a major low point in Lewis' life, when he was broke and sleeping on his sister's couch... having crashed out of a brief arena football career. In this episode, you'll learn how Lewis learned to hack his self-limiting beliefs by systematically putting himself in situations (Toastmasters, salsa dancing, public speaking) that utterly terrified him. And he shares some practical exercises you can do to achieve greater confidence and self-mastery. Plus -- as a LinkedIn expert with a far-reaching network of connections, Lewis also opens up about how to effectively network on social media and elsewhere. Don't miss this weekend episode of the BiggerPockets Real Estate Podcast, and give Lewis a shout on social media you take him up on his challenge to write a mission statement for your life! As always: if you're enjoying these shows, the best way to show your appreciation is to rate and review us on Apple Podcasts. It really helps us out! In This Episode We Cover: Climbing out of a hole when he had no money and no marketable skills Overcoming fear of public speaking Two practical exercises to confront your biggest fears The clarifying power of writing a personal mission statement The LinkedIn message formula Lewis used when reaching out to powerful people Choosing a niche, then a sub-niche The 3 magic words that multiply your chances of getting a deal or upgrade The one common trait shared by all the top performers he's interviewed And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast USA Men’s National Team Ellen’s Show The Today’s Show LinkedIn Rookie of the Year Lewis's Interview on Jay Shetty's Show On Purpose Dave Ramsey Grant Cardone on Multifamily Investing and Why You Should Never Buy a House! BiggerPockets Podcast 403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason Drees Sweet Martha's Cookie Jar Kevin Hart on His Secrets to Success and Building an Empire Monday.com Rob Bell Real Estate in Your Twenties BiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!) BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors Gary Vaynerchuk on Finding Deals Through Social Media & Crushing It as an Entrepreneur Click here to check the full show notes: https://www.biggerpockets.com/show405 Learn more about your ad choices. Visit megaphone.fm/adchoices

We frequently talk about networking as a real estate investor: for example, talk to your mail carrier because they likely have seen opportunities in your neighborhood. But what if you are the mail carrier? Today’s guest, George Gipson, worked for the USPS when he started investing, which seems like the perfect opportunity for finding deals. But as with any start in real estate investing, it isn’t always as easy as it seems. In today’s episode, we talk about taking action and committing to yourself - to ensure that those key opportunities actually work in your favor. We also talk about how important it is to learn your personal finances before diving into investing, plus how George used house hacking and short-term renting to reach financial freedom at an early stage of his investing. He’s even quit his job at USPS now so he can focus full-time on real estate. This is a real story about getting it done and seeing your own potential. In This Episode We Cover: Investing that doesn’t meet your standard rules of thumb Overcoming issues that might be deal-breakers for other investors Living for free through house hacking and short-term renting Setting up your short-term rentals for success Utilizing your network to find deals Pushing through your commitment to yourself, even when it isn’t easy Finding the path in life that’s right for you And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Marketplace Realtor Zillow Trulia BiggerPockets Podcast 393: Campus Maintenance Man to $10M in Real Estate Owned with Rick Jarman BiggerPockets Shirt Check the full show notes here: http://biggerpockets.com/show404 Learn more about your ad choices. Visit megaphone.fm/adchoices

Whoa. Today we have the man Brandon credits with helping him "go big" in business and life: his performance coach, Jason Drees. In fact, Jason works with a bunch of real estate investors... and today he shares tools for getting your mindset right and getting out of your own way as you grow your portfolio! You'll love hearing Jason explain what a coach does, how he worked with Brandon to turn a weakness (fear of fundraising/rejection) into a strength ($10M+ raised in 2020), and the reason why some of his clients are thriving despite COVID-19. Plus: about halfway through, there's an absolute gem when the guys discuss the planning models they use to attack challenges. Jason suggests a small but powerful mindset shift, and we're not exaggerating when we say this one tip may cause you to rethink your whole plan... and unleash new potential you didn't know you had! This is a real, vulnerable episode where both Brandon and David both discuss holding onto identities and beliefs that no longer served them. So what did you think? Let us know in the comments at biggerpockets.com/show403, or in a review on Apple Podcasts. In This Episode We Cover: Common ways real estate investors self-sabotage How Brandon got around his discomfort with raising private money How our mindset influences our emotions The BIG difference between the "Decide, Plan, Commit" model and the "Decide, Commit, Plan" model Avoiding goals that are too specific Thinking like a millionaire How to feel empowered in the midst of COVID-19 And SO much more! Links from the Show BiggerPockets Forums Tony Robbins My Body Tutor P90X DVD Workout - Base Kit Matt Kahn Jay Abraham Jason Drees Coaching  JDC Mindset Academy   Check the full show notes here: http://biggerpockets.com/show403 Learn more about your ad choices. Visit megaphone.fm/adchoices

When it comes to pulling the trigger on a rental property, what we have is a "paradox of choice." So. Many. Options. It's easy to suffer from Fear of Missing Out, and it's even easier to get overwhelmed by the vast array of options out there. That's where today's show comes in: press play, and Brandon and David will guide you through an 8-step process to closing on that first (or next) rental property. Along the way, they share the tools (BP Insights) and team members ("Core Four" and more!) they use to guide decisions about where and how to deploy their capital. Your action steps start with clarifying your goals, then we move to comparing markets and sizing up different neighborhoods using school district ratings and crime data. Next, we tackling finding a deal – whether you're using an agent, a wholesaler, turnkey provider, or going off-market yourself... and how to avoid getting into trouble by "trusting your gut and hoping" when you're in an unfamiliar territory. If you invest out of state, should you fly out? What about systems and standard operating procedures once you've got a tenant in the property? We answer all those questions, and more. Finally: We mention it a few times in this episode, and if you want to take advantage of our awesome new Pro benefit, BPInsights, use the discount code BPDATA for 20% of a Pro Annual membership. You'll get access to exclusive BPInsights Facebook group, a bonus webinar showing you how to use this platform to identify a market, and a bunch of other great Pro benefits including unlimited calculator use. Oh, and be sure to use that discount code before it expires on October 1st, 2020! In This Episode We Cover: Comparing the Cashflow vs. Appreciation potential of various markets Rent-to-Price and "Rent-to-Income" ratios + other indicators How to find market rents, crime data, and school district info The one team member you should seek out to double-check your assumptions about a neighborhood Various types of deal finders and the pros and cons of working with each What to consider when working with turnkey providers Using BPInsights data in your quest for a property And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore BiggerPockets Pro discount code: bpdata BiggerPockets Insights Meet Property Management Extraordinaire, RE Investor & Hotel Owner Jesse McCue BiggerPockets Marketplace Realtor Zillow Trulia 5 Markets With Promising Rent-to-Income Ratios: September 2020 Markets of the Month BiggerPockets Events BiggerPockets Bookstore Check the full show notes here: http://biggerpockets.com/show402 Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to the brand new Sunday edition of the show – where we go beyond tactics and focus on the "mind game." In this premiere episode, you'll learn about the easy, free practice that might just be the highest ROI use of your time... and there is no one more qualified to teach this than Jordan Harbinger. Jordan brushes aside common myths about transactional "networking" using business cards or annoying LinkedIn messages. Instead, he shares the proven system he's used to build a world-class network. In fact, Jordan's strategies are so effective, the CIA and MI6 intelligence agencies hired him to teach them to their agents! So, how does this apply to real estate investing? Well.. what would it be like to have a solid stable of connections to mentors, private lenders, and people who actively look for opportunities for you? We're talking about people who you know would pick up your call. This show breaks down exactly how you can build those kind of relationship without changing your personality – even if you think you don't have a ton to offer the other person. Here's our challenge to you: put just one of these strategies into practice in your business this week, and see what happens. Hit us up on Instagram (@beardybrandon and @davidgreene24) to show us you did it! And remember, without committing to a system and following up, you won't get results. Let us know what you think of this new iteration of the BiggerPockets Real Estate Podcast. And if you're interested in more conversations like this, check out Jordan's podcast, the Jordan Harbinger Show, wherever you listen to us. In This Episode We Cover: Why intentional networking is so crucial for real estate investors How to take full advantage of your time at real estate meetups His "Connect 4" system for reengaging with 4 people ("weak and dormant ties") each week How to generate social capital How to avoid strictly transactional relationships The right way to introduce two people to each other over email Developing confidence and overcoming shyness to succeed in the business world And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore Craigslist Ben Horowitz BiggerPockets Events Boomerang for Gmail Superhuman Emails Ray Dalio Mark Cuban Check the full show notes here: http://biggerpockets.com/show401 Learn more about your ad choices. Visit megaphone.fm/adchoices

Over 400 episodes, we've absorbed a lot of hard-won real estate investing wisdom from our guests. Pretty tough to boil down to 10 concepts... but that's exactly what Brandon and David set out to do on today's show! You'll hear them outline each principle, cite the person they learned it from, and bring it to life with real-world examples from their own investing experience as well as those of previous guests. It's a fitting tribute to a major milestone for the show, and we hope it inspires you to revisit some classic episodes and implement this advice in your own business right away. Thank you for supporting us; we sincerely appreciate you. If you like what we do, can we ask you to take 30 seconds to leave us a rating and review on Apple Podcasts? Every single one helps, and seeing your feedback motivates us to create more value on the road to episode 500! In This Episode We Cover: Playing "great defense" with your spending The danger of jumping the gun with the wrong tenant, deal, or partner Focusing on one niche until you're a master Asking yourself exactly what you need to achieve your vision Ways your ego can cost you money in real estate investing Tracking results and constantly improving Only investing in assets you know well Why you should strive to be great at your day job Why bigger deals aren't necessarily more harder And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore Andy Frisella BiggerPockets Podcast 353: Turning $5K Into $5K/Month and Retiring at 40 with Tim Rhode My Body Tutor Josh Dorkin BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah BiggerPockets Podcast 362: Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy Papasan BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan BiggerPockets Podcast 276: Early Retirement ($10k/Month) by Age 35 with Bryce Stewart James Wedmore BiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal Newport BiggerPockets Podcast 245: Creating Wealth that Lasts Generations with Bestselling Author Ryan Holiday BiggerPockets Podcast 396: Post-COVID-19 Investing and Landing Great Deals at Auctions with David Osborn and Aaron Amuchastegui BiggerPockets Podcast 328: How to Laser-Focus on the Wildly Important With Author Chris McChesney BiggerPockets Podcast 246: Surviving the Coming Crash, Earning 20% Returns, and Buying Mobile Home Parks with Kevin Bupp BiggerPockets Podcast 262: $600,000 Per Month in Gross Rents from Mobile Home Parks with Jefferson Lilly BiggerPockets Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber Check the full show notes here: https://www.biggerpockets.com/show400 Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we’re swerving a bit from tradition to bring you a guest who is not a real estate investor. Jeff Thorman spent years as a general contractor, built his own company, then started his own YouTube channel, HomeRenovisionDIY, to teach people how to renovate their own homes. Learn from his years of experience renovating in this episode. Jeff brings us incredible tips on building strong relationships with contractors - from inquiry to project close. We discuss the importance of using quality materials in any project. We even dive into some projects you should absolutely be able to do-it-yourself as an investor. As a real estate investor, you will have to complete renovation projects at some point - use this episode to make sure those projects are seamless and successful! In This Episode We Cover: Learning the contractors’ perspective The importance in using quality materials and building long-term solutions in your properties Shopping directly from suppliers to save money on big rehab projects Creating systems to retain quality contractors Understanding the real cost of low-cost materials  Upgrades to improve your rental property and decrease vacancy How to ask a contractor to walkthrough a project before you buy it How to spot houses with cosmetic fixes vs. big, expensive projects Newbie DIY projects anybody can tackle And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore Virtual Wealth Expo BiggerPockets Calculators Home Depot Joanna Gaines Ikea cost vs value report BiggerPockets Insights Marr Risinger's Youtube Channel Check the full show notes here: https://www.biggerpockets.com/show399 Learn more about your ad choices. Visit megaphone.fm/adchoices

When Tarl Yarber last appeared on the show (#189), we got a behind-the-scenes look at his monster house flipping business. He was doing a lot of volume, but here's the catch: he was stressed out and unhappy. Plus... with zero rentals to his name, he had to keep spinning the hamster wheel – "feeding the machine" – to make any money. Today's show is about a big mindset shift, and the systems and teams Tarl put in place to create a business that truly serves him, rather than the way around... and allows he and his wife to travel 200 days a year while working on his business rather than in it. We cover a lot of topics here, from high-level success principles to the specific real estate investing actions you can take – today – to adopt a more intentional and focused approach to building longterm wealth. Lastly – Tarl's an exceptional networker, and the guys discuss the importance of meeting up with other rockstar investors even if the pandemic is preventing you from doing it in person. So... how do you do that? Well, Tarl's hosting a virtual conference September 18-19, and he's offering a 50% discount to BiggerPockets Pro members (check your email). This isn't a series of webinars, either... You'll be able to actually meet up with other attendees through online breakout groups, so it solves for the biggest challenge most investors are facing right now. Follow this link to http://virtualwealthexpobp.com/ to snag your ticket today! In This Episode We Cover: The many advantages of the Buy, Rehab, Rent, Refinance, Repeat (BRRRR) Strategy Creating multiple exit strategies when BRRRR'ing Why sketchy tax deductions can hurt your longterm wealth Designing your real estate investing strategy to fit your desired lifestyle How Tarl and his wife mapped out their vision on butcher paper Making a "To Do" List and a "To Don't" List Why businesses need to be able to "scale down" in times like these And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Business BiggerPockets Bookstore BiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!) Virtual Wealth Expo BiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber BiggerPockets Podcast 395: From Car Valet to $100k/Month… Seriously! with Thach Nguyen The Notebook Check the full show notes here: https://www.biggerpockets.com/show398  Learn more about your ad choices. Visit megaphone.fm/adchoices

In today's episode we open up the phone lines again to field your real estate investing questions... and for an added twist, we bring in the familiar voice of author, BiggerPockets Business Podcast host, and house flipper/investor extraordinaire J Scott. You'll hear callers chime in with questions like: 1) "Help me get started" 2) "should I partner with family members?" 3) "How do I transition from single family to multifamily" – and much more! From refinancing and the finer points of BRRRR... to mentorship and long-distance investing... It's all here! Tell Brandon and David what you think of this new format in the show notes at biggerpockets.com/show397. We want to hear from you, too! Learn more about your ad choices. Visit megaphone.fm/adchoices

No one knows where the real estate market is headed next... but with an estimated 30 million Americans out of work, wouldn't you like to know how to buy foreclosed properties, step-by-step? That's what you'll learn today, from two investors who have completed over 1,000 deals each: David Osborn and Aaron Amuchastegui. They begin the show by sharing their thoughts on today's economy (hint: they've kept plenty of cash cash on hand), then walk us through their 5-step process for successfully bidding on foreclosed properties at auction. From building a list of properties, to lining up funding, to checking title and actually making your bid, you'll learn how David and Aaron (+ thousands of other investors) built serious wealth buying up distressed properties after the last big crash. This skill set is another tool to add to your tool belt, and whether there's another wave of foreclosures coming or not, you can use it to build serious wealth. For more, pick up a copy of David and Aaron's new book, Bidding to Buy: A Step-by-Step Guide to Investing in Real Estate Foreclosures. And check out the show notes at biggerpockets.com/show396 for a transcript and other resources. In This Episode We Cover: The impact of COVID-19 on various assets Why David Osborn is keeping a heavy cash position How the foreclosure process works (notice, etc.) What a foreclosure auction (sometimes called a "trustee sale") is The 5 Steps to buying at auction Why it's so important to drive by every property you plan to buy Aaron's first auction experience as a newbie How to deal with a lien on a property And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast Keller Williams BiggerPockets Podcast 353: Turning $5K Into $5K/Month and Retiring at 40 with Tim Rhode GoBundance Auction.com Roddy's Foreclosure Listing Auction Texas BiggerPockets Analysis Calculators BiggerPockets Podcast 385: Once Homeless, Now Investing in an Expensive Market (With No Money of His Own) With Greg Gaudet Real Estate Rockstar Podcast BiggerPockets Money Podcast Real Estate Rookie Podcast BiggerPockets Business BiggerPockets Bookstore Check the full show notes here: https://www.biggerpockets.com/show396 Learn more about your ad choices. Visit megaphone.fm/adchoices

Today: a no-excuses, American Dream story that will get you fired up to go hunt down a deal! Thach Nguyen is an investor and agent in the Seattle, Washington area. When he was a kid, his family fled Vietnam for the U.S... he later parked cars at a Chinese restaurant... and despite becoming a top-producing agent building a monster portfolio of paid-off rental properties, he's still hungry and shows no sign of slowing down. In today's episode, Thach (pronounced "Thatch") shares the lessons he learned during the Great Recession, his criteria for buying a "perfect BRRRR"... and why he says there's no shame in living with mom and dad to save money! Plus, the guys discuss the pros and cons of paying down mortgages, the psychological advantage of owning your primary residence free-and-clear, and Thach's favorite (free) lead generation strategy. We think you'll love Thach's energy; he thinks big and will motivate you to do the same. Give him a follow (IG: @thachnguyen) and let us know what you think of this episode! In This Episode We Cover: How Thach created $100k/month (!) in rental income Why he's focusing on the affordable housing niche Buying townhouses in Seattle, WA Buying a "micro-apartment" building in Oakland, CA And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah How To Start Thinking Like A Big Time Real Estate Investor (Video) Tarl Yarber Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever considered partnering up with your spouse or another family member? Today's guests Elliot and Chrissy Smith did just that when they left stable careers to flip, wholesale, and buy rental properties together in Washington state. Running the business together wasn't easy on their marriage. In fact, they almost got divorced. Fast forward to today... they're happy, doing 25 deals/year, and building long-term wealth by steadily buying rental properties. So, what adjustments did they make? In this episode Elliot and Chrissy share what they've learned about defining roles, managing cashflow, and finding work-life balance as young parents who happen to be business partners. It's a rare inside look at the ups and downs – and risks and rewards – of running a true family business. As die-hard fans right remember from his appearance on Show #255, Elliot is a skilled negotiator... and today he shares a surprisingly simple negotiating tip for those nerve-wracking kitchen table conversations with homeowners. Look: you gotta love a couple who hires a babysitter just so they can drive around looking for distressed properties (a move which led to today's Deal Deep Dive). So check out this episode, and share it with your spouse, friend, or family member who you think might enjoy it! In This Episode We Cover: How Elliot and Chrissy divided their business into "lanes" Their first taste of success with direct mail Leaving full-time jobs to pursue their dreams in real estate Dangers to be aware of when teaming up with your spouse Showing a seller the math behind your offer Plowing the cash from their flips into buy-and-hold rentals Using the same exact same materials on every flip Incentivizing a contractor by offering a profit share Why they've slowed down their marketing in recent months Elliot's cold call center for real estate investors And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Podcast 255: Six-Figure Real Estate Investing in Just 20 Hours a Week with Elliot Smith Jason Drees BiggerPockets Webinars Tarl Yarber Audible BiggerPockets Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber Check the full show notes here: http://biggerpockets.com/show394 Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate investing... old school! Rick Jarman (@realestateoldschool on Instagram) joins us today to share some of his hard-won wisdom from 44+ years as a flipper and landlord in Tuscaloosa, Alabama. And it's quite the journey, from cabinet maker and campus maintenance man to cigar-puffing 64-year-old social media influencer! In this episode you'll hear tales of up markets, down markets, losing it all, getting it all back... and a tornado that wiped out 20 of Rick's 100+ rental houses. He also takes us through his rules for tenant screening, explains why he favors 15-year mortgages, and paints a picture of what it's like to self-manage such a large portfolio of single family homes (with a team, of course). Give Rick a follow, and if you know someone who'd make a great guest on the BiggerPockets Real Estate Podcast send them over to biggerpockets.com/guest where they can apply to appear on the show. In This Episode We Cover: How Rick went from maintenance guy to owning 100+ properties Selling his truck to buy his first rental in 1981 Investing lessons learned through 4 recessions Why his rentals saved him when his home building business failed in the late 90s Losing 20+ houses in a tornado in 2011 Rick's tenant screening process Why tenants' credit scores don't tell the whole story Wrapping 40+ houses into one loan Why some investors "get bored with what works" And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Podcast 382: No Money Down BRRRR Investing with Josiah Smelser (Part 1, Recorded Pre-Coronavirus) BiggerPockets Webinars Credit Score and FICO  Quickbooks Facebook Marketplace BiggerPockets Bookstore BiggerPockets Shirts and Mugs MBA562 Guest Teacher: Brandon Turner- How to (Finally) Write a Wicked-Awesome Book in 100 Days or Less  Check the full show notes here: http://biggerpockets.com/show393 Learn more about your ad choices. Visit megaphone.fm/adchoices

A $1 million net worth before the age of 30... through frugality and creative real estate investing! That's what Todd Baldwin's achieved in a few short years, riding the red-hot Seattle housing market by repeat house hacking, renting by the bedroom, and living way below his means. Sure, Todd's benefited from appreciation, but he's also generating monster cash-on-cash returns across his 6 rental properties. And today, you'll learn just how he's doing it: how he finds pocket listings, why he favors new construction, why he pays for a $2,000/month service most landlords would never dream of providing, how he limits roommate drama, and much more. Wondering if this is legal? We discuss that in detail. Oh, and get this—Todd's all-time vacancy rate? Zero percent. So if you're in a high-priced coastal market, you need to listen to this show. And if you don't, we can pretty much guarantee you'll still enjoy it and pick up a few landlording nuggets along the way. Know someone who might put Todd's strategy to use? Share this episode with him or her today! And make sure you're subscribed to the show so you won't miss us next week. In This Episode We Cover: How Todd makes $12K+ in pure cash flow by renting by the bedroom Why he buys new construction rather than fixer-uppers Why he pays for all utilities The legalities of renting by the room The dangers of buying a property with a homeowner's association (HOA) Using a Tinder-like app to find roommates and tenants Why he hires maids to clean each of his 6 properties weekly His system for preventing conflicts among roommates How complementary skillsets make for great business (and romantic) relationships And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast Redfin BiggerPockets Magazine Renthoop BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah Grant Cardone on Multifamily Investing and Why You Should Never Buy a House! Joe Rogan Check the full show notes here: http://biggerpockets.com/show392 Learn more about your ad choices. Visit megaphone.fm/adchoices

Live calls, Dave Ramsey style! In this episode we open up the phone (er, Zoom) lines to take audience questions on everything from "should I flip or hold this deal" to "Coronavirus cost me my job... how can I invest now?" Brandon and David offer also advice on house hacking, Home Equity Lines of Credit (HELOCs), appraisals, and the pros and cons of tapping a retirement account to jumpstart a real estate investing career. We'll be back to our regular programming next week... but let us know what you think of this format. And if you've got 30 seconds to leave us a rating and review in Apple Podcasts, we wouldn't be mad at that either. Links from the Show BiggerPockets Forums BiggerPockets Podcast Redfin Zillow Realtor.com BiggerPockets Podcast 325: From Major Business Failure to Buying 20 Houses a Month With Aaron Amuchastegui Find Real Estate Agent on BiggerPockets BiggerPockets BiggerPockets Podcast 366: 40 Doors in the First 2 Years with Henry Washington Brendon Burchard's Show My Body Tutor The Essential 11 Podcast BiggerPockets Conference Check the full show notes here: https://www.biggerpockets.com/show391 Learn more about your ad choices. Visit megaphone.fm/adchoices

From fashion design work in India, to a corporate career with Nordstrom... to leaving that career to flip 40+ houses in 6 years – all in one of the hottest markets on the planet! Seattle investor Leka Devatha has quite a story to tell, and a lot of hard-won wisdom too! From her 6 tips for finding and keeping great contractors, to the exact criteria she uses when looking for a flip opportunity, Leka spills the beans and outlines a framework you can apply whether you choose to flip, BRRRR, wholesale, or buy and hold. We cover a crucial tax tip for anyone hiring a contractor, ever. Leka shares an unexpected silver lining brought on by the pandemic. And your mind will be blown when she tells how a "cosmetic" flip opportunity morphed into 3-year odyssey and wound up rewarding her with a 7-figure (yes, 7-figure) payday. Give Leka (pronounced "LAY-kuh") a follow on Instagram and let her know if you appreciate this episode... and make sure you subscribe to the show in your favorite podcast app, so you won't miss the next one. In This Episode We Cover: Flipping 40 homes in 6 years A "cosmetic flip" that turned into a 7-figure (!) profit through the magic of subdivision Why you should get to know the land use planner in your city Leka's system for finding and retaining great contractors How to start a real estate meetup Why virtual networking amid COVID-19 is more efficient Why she pays her broker a commission even if she keeps a house as a rental Leka's criteria for a great flip opportunity What W-9s are and why it's so important to get them signed up front And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast Jason Drees Real Estate at Work (Seattle Meetup) Redfin Zillow Realtor.com Caleb Backholm's Insurance BiggerPockets Podcast 388: The 7-Step “Playbook” for Scaling Your Real Estate Business With AJ Osborne Check the full show notes here: https://www.biggerpockets.com/show390 Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you tired of toiling in the trenches... and ready to run a business that cranks out profits without your constant involvement? That's what today's guest has managed to do! In this episode, Michigan-based investor Mike Simmons shares exactly how he went from moderate success to $1 million in annual profit. You'll learn why Mike switched gears from flipping to wholesaling real estate, what he's learned from spending hundreds of thousands of dollars on various marketing channels, and the four-point checklist you must use when considering any kind of partnership. Ultimately, expert marketing tactics are fine and well. But to scale, you've got to master leadership and hiring—topics Mike covers in great detail here and in his new book, Level Jumping. So pick up a copy (see link below), and share this episode with a friend, family member, or fellow investor who you think would enjoy it! In This Episode We Cover: Mike's remedy to cure a bad case of "analysis paralysis" Why he switched gears from flipping to wholesaling Why wholesaling is NOT always a great thing for newbies The marketing channels Mike uses to do 100 deals per year Ultra-specific direct mail tips (from a guy who's sent hundreds of thousands of dollars of direct mail!) What most do wrong with direct mail marketing How he made a $50K assignment fee and the key lesson he learned Hiring and managing transaction coordinators Hiring his first salesperson on a "straight commission" pay structure Using personality assessments like DISC and Kolbe when hiring Why intelligence is not the most important predictor of success in real estate investing And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Podcast 050: Getting Started and No Money Down House Flipping with Mike Simmons BiggerPockets Insights BiggerPockets Insights Rent Estimator Gary Vaynerchuk's Instagram Gary Vaynerchuk on Finding Deals Through Social Media & Crushing It as an Entrepreneur KOLBE Personality Test Check the full show notes here: http://biggerpockets.com/show389 Learn more about your ad choices. Visit megaphone.fm/adchoices

Do you dream of stepping back from the day to day and working on your business rather than in it? Of course you do! AJ Osborne has achieved that goal—and having experienced a harrowing health emergency that incapacitated him for months (see show 286), this Boise, Idaho, investor is ultra-qualified to discuss the value of documenting, delegating, and streamlining your real estate business so it can run without you. AJ owns and operates over 1 million square feet of self-storage. Today he breaks down the seven-step process he uses to improve operations, unlock hidden value, and scale fast. If you're thinking, "I don't do deals that big," rest assured: AJ reveals that he actually lost money on his very first deal but gained a ton of wisdom, which he's generous enough to share with us today—and which applies across the board. Plus, AJ shares a tip on financing deals that may totally change the way you think about growing your portfolio! Check him out, and pick up a copy of his book, The Investor's Guide to Growing Wealth in Self-Storage: How to Turn a Real Estate Asset into a Thriving Business. Learn more about your ad choices. Visit megaphone.fm/adchoices

On today's show: the massive impact of just a few flips and a few small multifamily rental properties. Starting in 2017, that combination allowed our guest Megan Greathouse to step aside from her W-2 job (her husband still works) and spend much more time with her two young kids... all while dedicating just 5 hours per month to self-managing her portfolio in St. Louis. Want to know how she did it? Megan spells it all out in this episode and provides the exact tools and templates she uses to maximize her efficiency—enabling her business to serve her and allowing more time for what really matters. Give Megan a follow, and share this episode with a friend, partner, spouse, or family member who you think might enjoy it! In This Episode We Cover: Starting out with a fourplex Investing with a full-time job and kids The P.R.O.P. system for property management How Megan and her husband use the "2 in 5 Rule" to avoid capital gains taxes How she uses real estate to create time freedom and hang out more with her kids Flipping an old house near Washington University in St. Louis A BRRRR "fail" (contractor issues) that turned out OK Lessons she learned in the military The key to avoiding analysis paralysis: "Get to 80% and go!" Buying a 60-acre farm outside the city And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore BiggerPockets Podcast Landlord Advisory Panel BiggerPockets Events BiggerPockets Magazine BiggerPockets Money Podcast BiggerPockets Guide in Finding Agents BiggerPockets Books BiggerPockets Webinars BiggerPockets Podcast 100: The 1st Deal, Management Drama, and the Birth of BiggerPockets with Joshua Dorkin Open Door Capital LLC Ryan's BiggerPockets Profile TenantCloud QuickBooks Boomerang for Gmail Seth Mosley's Music and Money Group Brandon's Instagram BiggerPockets Shirt Scott Trench Check the full show notes here: http://biggerpockets.com/show387 Learn more about your ad choices. Visit megaphone.fm/adchoices

Yesterday, Marcus Maloney showed us how he built his deal-finding machine. Today, he tells us how he's hanging onto it by making two big shifts in his business. When the pandemic hit, lenders got nervous... and that put a couple of Marcus' deals in danger. So did he give up? No! He tapped his own network of private lenders to provide financing to his end buyers—a win-win-win. Plus, Marcus tells us why he's shifted focus to the Midwest since we first spoke and how he worked out a deal with a "great tenant" who wound up unemployed and unable to pay rent. Wondering how to adjust your business to the new normal? Check out this episode, and subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next one. In This Episode We Cover: The problems Marcus ran into in mid-March How he plugged the gap with private money Developing relationships with private lenders before you really need them Why he's concentrating on a lower-priced market How he negotiated with a resident who could no longer afford rent And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast BiggerPockets Podcast 386: Starting Out With $200 and Investing for Profit AND Cash Flow With Marcus Maloney (Part 1, Pre-Coronavirus) BiggerPockets Podcast 352: No Driver’s License, No Money, No Excuses: How Diego Corzo Blazed a Trail to 18 Doors BiggerPockets Webinars BiggerPockets Radio Podcast 001: Building a Successful House Flipping Business and Losing Millions with Marty Boardman BiggerPockets Podcast 382: No Money Down BRRRR Investing with Josiah Smelser (Part 1, Recorded Pre-Coronavirus) Check the full show notes here: http://biggerpockets.com/show386-5 Learn more about your ad choices. Visit megaphone.fm/adchoices

From "bad drug dealer" in his youth... to earning a master's degree, then jumping into real estate at age 36 and crushing his first deal! Today, Marcus Maloney shares his wild ride in Part 1 of two episodes this week. This one was recorded before the coronavirus pandemic, so we don't discuss that topic. Tomorrow, we'll dive into how Marcus pivoted to keep doing deals in these trying times. In this episode, you'll learn how Marcus used just $200 to launch his career, how he acquired nine rental properties, and how he's completed dozens of local (Phoenix) and long-distance (Chicago) real estate transactions. He also discusses the strategies he's using to generate leads, how he builds trust with both sellers and buyers, and how he works with acquisition managers, who take a cut of the deals they bring him. Plus—the guys have a great conversation about performance coaching and why the thing that's holding you back probably isn't something you're going to fix at a real estate boot camp. Marcus was nice enough to take some time out from riding his Harley to share some of his hard-won wisdom, so say hello to him on the BiggerPockets Forums, where he's a frequent contributor. And don't forget to subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next show! In This Episode We Cover: How Marcus "flipped piglets" as a boy How a rescinded job offer led to him to pursue real estate The personal development he had to do to become a successful real estate investor Direct mail marketing Closing deals on the phone Attracting partners by creating valuable content Why Marcus lives in Phoenix but buys rentals near Chicago What separates successful "bird dogs" and wholesalers from those who give up And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore BiggerPockets Podcast BiggerPockets Reviews SunTrust Wells Fargo Guild Mortgage Buildium Re-Leased Rent Manager Quicken Loans Cozy Performance Coach Jason Drees Performance Coach Phil Towle Check the full show notes here: http://biggerpockets.com/show386 Learn more about your ad choices. Visit megaphone.fm/adchoices

Flipping with no money down... in Hawaii? You heard that right. Greg Gaudet actually considers himself "risk-averse" and still holds a full-time job, but he's able to make nice chunks of change by hustling to find deals and managing rehabs for Brandon's team on Maui. Today, Greg walks us through his journey from "rock bottom," including bouts with addiction and homelessness, to living the life of his dreams, buying a Porsche cash, and owning a handful of properties free and clear. You'll learn the right way to approach investing in condos, how to bring value to a potential partner or mentor, how Greg manages risk by keeping his living expenses low, and the mindset shifts that allowed him to 1) get clean and 2) "get out of his own way" in the real estate business. This is truly one of the most powerful stories we've told on the BiggerPockets Real Estate Podcast, and it's guaranteed to get your wheels spinning! In This Episode We Cover: How tragedy shaped much of Greg's early years Bad advice he received when jumping into investing What to look for (and avoid) when investing in condos How Greg bought a condo for less than 50¢ on the dollar How he and Brandon structure their flip deals How anyone can flip without risk—if they're willing to work Greg's "why" (and his paid-for Porsche) How to approach a mentor without making it awkward And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore BiggerPockets Podcast BiggerPockets Calculators BiggerPockets Podcast 302: Making $100k/Deal Using Other People’s Money, Time & Experience with Cory Nemoto Calculating Numbers on a Rental Property [Using The Four Square Method!] Condominium Council of Maui BiggerPockets Events Grant Cardone on Multifamily Investing and Why You Should Never Buy a House! Open Letter Marketing BiggerPockets Podcast 194: Achieving Impressive Spreads Through High-End Flips with Justin Silverio CallPorter Deal Machine KECO Capital Open Door Capital Gobundance BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn Audible Premier Restoration Hawaii Brandon's Instagram David's Instagram Check the full show notes here: http://biggerpockets.com/show385 Learn more about your ad choices. Visit megaphone.fm/adchoices

After yesterday's deep dive interview discussing 2 disastrous flip projects, we have a solo show for you today. And the title says it all, really. Brandon and David boiled down nearly 400 podcast episodes, countless forum threads, books, and real-life conversations, and their own missteps and now present: the Top 10 Ways Real Estate Investors Lose Money. These aren't the only ways to go wrong in this business, but at some point you're in danger of falling into at least one of these traps. So, what did we miss? Let us know in the forums, the comments section on our show notes, or in the Official BiggerPockets Facebook Group. And be sure to subscribe to the BiggerPockets Real Estate Podcast so you won't miss an episode. In This Episode We Cover: Focus vs. spreading yourself too thin The #1 way to lose money that you haven't thought of Managing the people who manage your asset What David calls "Spreadsheet magic" Investing in areas with diverse employment Over-renovating after watching too much HGTV Inheriting tenants from a seller Evaluating real estate agents The myth of "more money down = more safety" And SO much more! Links from the Show BiggerPockets Forums Contractor Bid Form BiggerPockets Podcast 287: Putting Together Real Estate Deals Using Creativity Instead of Cash with Shiloh Lundahl BiggerPockets Calculators Be a guest on the podcast Joe Rogan Podcast Check the full show notes here: http://biggerpockets.com/show384-5 Learn more about your ad choices. Visit megaphone.fm/adchoices

You can put a dollar number on the losses Spencer Cornelia took on his first two long-distance flips... but it's hard to quantify the value of the lessons he learned and is now passing on to you. We noticed Spencer's thread detailing his struggles in the BiggerPockets forums and invited him on the show; he bravely accepted. In this episode, you'll learn the pitfalls to watch out for when taking on heavy renovations (anywhere, but especially long-distance), how to ensure quality work is getting done, and the dangers of letting projects drag on when you're locked into expensive short-term financing. Plus, it's not a total downer... because Spencer's seeing a bunch of success with his new Youtube venture, and plans to continue investing in (less aggressively leveraged) real estate projects. Brandon and David add their own perspectives having made some similar errors in their careers, and tomorrow in Part 2 they'll break down the 10 Deadliest Mistakes Investors Make. New investors: heed the advice in these two shows! And as always: run your numbers conservatively, know your own risk tolerance, and run deals by trusted advisors before jumping in. In This Episode We Cover: What went wrong with Spencer's rehabs How to ensure contractors are doing quality work Incentivizing team members and keeping them accountable How much money he paid in interest and fees to his hard money lenders Functional obsolescence and complications with older homes Why you can't always trust an appraisal "Home buyer turnoffs" and why it's easy to miss them Why Spencer sold and took a loss rather than choosing another exit strategy Why he's not giving up on real estate How you can "go broke buying good deals" And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore BiggerPockets Podcast BiggerPockets Calculators Famous Four Analysis BiggerPockets Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber Pace Morby's Youtube Channel BiggerPockets Pro Replay BiggerPockets Webinars BiggerPockets Pro  Check the full show notes here: http://biggerpockets.com/show384 Learn more about your ad choices. Visit megaphone.fm/adchoices

Interested in someday making the leap to bigger investments? Don't miss this one! Ben Leybovich and Sam Grooms join us for a high-level conversation about how they transitioned from flips and smaller assets to 100-plus-unit, value-add multifamily deals. Since the first part of this show was recorded pre-coronavirus, we brought the guys back on to hear their thoughts on today's market and get an update on how their business is doing amid the volatility (spoiler: pretty well!). In This Episode We Cover: Finding the perfect partner for you The 6 factors they look at when analyzing a market Why Sam & Ben keep such a large reserve fund Why investors sometimes overvalue cash flow Why they like the Phoenix market How to establish a competitive edge in real estate investing How they look at multifamily syndication as "a long flip" Why equity protects you Buying insurance against interest rate increases Hiring their own construction team How they're adjusting to COVID-19 And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore BiggerPockets Podcast BiggerPockets Calculators BiggerPockets Podcast 382: No Money Down BRRRR Investing with Josiah Smelser (Part 1, Recorded Pre-Coronavirus) BiggerPockets Podcast 382.5: Surviving When the BRRRR Hits the Fan with Josiah Smelser (Part 2, Post-Coronavirus) Deloitte BiggerPockets Conference 2020 BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah Open Door Capital BiggerPockets Podcast 313: How to Be Happy AND Grow a Massive Business with Entrepreneur Jesse Itzler (and Josh!) Check the full show notes here: http://biggerpockets.com/show383 Learn more about your ad choices. Visit megaphone.fm/adchoices

What happens to a no-money-down BRRRR investor when a pandemic breaks out, lending standards suddenly tighten, private money lenders get skittish, and property values quickly drop? Today, Josiah Smelser returns to the show and tells all. In Part 1 yesterday, we learned how Josiah built a $4M portfolio by buying, renovating, renting, refinancing, and repeating using both hard money and private money. Coronavirus hit him hard. And if he didn't have cash reserves, credit options, and the right mindset, it might have totally wiped him out. When the virus hit, Josiah had 10 properties he needed to refinance. It was a perfect storm: His private money lender immediately pulled funds, his refinance bank changed their terms, and property values dropped—all at once—meaning he would need to bring way more cash to the table. What happened next? Listen to this episode to learn about how Josiah made it through the nightmare and came out on the other side... with more equity and reduced interest payments. Real estate investing isn't all sunshine and rainbows. But if you keep your mind right, plan your exit strategies, and maintain cash and credit lines, you too can survive the curveballs thrown your way. In This Episode We Cover: What happens when private lenders want their money back Why Josiah's bank changed the loan-to-value ratio on him Tapping a cash-out refinance in an emergency Trying to sell a property you had planned to BRRRR Taking out loans in your spouse's name to get around loan limitations Key to pulling off a BRRRR in a down market How Josiah saved $750K in interest over 30 years by getting a lower interest rate How an attorney can help you arrange a great partnership Why Josiah looks at this stressful time as a highlight of his real estate investing career And SO much more! Links from the Show BiggerPockets Forums David's Instagram BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock Mindy Jensen's BiggerPockets Profile BiggerPockets Money Podcast Oculus Check full show notes here: https://www.biggerpockets.com/show382-5 Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we bring you Part 1 of back-to-back episodes with real estate investor/appraiser/author/all-around good guy Josiah Smelser. This first conversation was recorded pre-coronavirus lockdown, but it's packed with tips you can put into action today. You'll learn how Josiah solved the #1 bottleneck in his business (capital!), allowing him to BRRRR at scale and rack up rental properties with very little money out of pocket. Even more impressive: he's doing it long-distance (The properties are in Dallas, TX and Josiah lives in Huntsville, AL.) And if that weren't enough, the guys go in-depth on appraisals – and the techniques you can use to help appraisers see your side of the story. Josiah's a longtime licensed appraiser, so he speaks from experience... and he shares his playbook for giving yourself the best chance to pull all your money out of your deal. If you like what Josiah has to say, then be sure to check it Part 2 tomorrow. We bring him back on, post-COVID-19, to discuss the serious challenges he's faced: lenders pulling out, property values dropping, and even a domestic violence issue at one of his rentals. The good news: he made it through. Tune in tomorrow to hear how! In This Episode We Cover: Why Josiah sold his properties pre-2008 crash (and why he still regrets it!) Combining hard money and private money to BRRRR with no money out of pocket How Josiah uses "boots on the ground" partners to invest at a distance Why he analyzes 8-10 deals per day Buying houses sight unseen Why BRRRR investors must keep cash reserves How to talk to appraisers (like getting out of a speeding ticket!) Why a property's list price is irrelevant Deals... on the MLS, in 2020?! The square footage trick that's made him thousands of dollars Losing out to a lower offer on a big multifamily deal And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore BiggerPockets Podcast BiggerPockets Calculators Zillow Bring Brandon a Deal Brandon's Instagram Open Door Capital LLC 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 GoBundance Check the full show notes here: https://www.biggerpockets.com/show382 Learn more about your ad choices. Visit megaphone.fm/adchoices

Can you flip, wholesale, and buy rentals throughout a downturn? Yes... IF you heed the advice given out in today's episode. Our guest Tucker Merrihew is more than qualified to tackle this subject, having launched his real estate business in Portland, Oregon, in 2008—during one of the worst housing markets of all time. In a rare "Double Deep Dive" segment, Tucker walks us through a couple TTM Development projects from 2009 and reveals exactly what he did right and wrong at the time. As for the coming months... you'll learn which types of properties to avoid, which price ranges to target, and why renovating old homes can be risky business at this stage of the market cycle. Plus, Tucker explains why he underwrites every deal at 3 different prices to make sure it passes his "Oh $#!# Test" if the market goes south. Tucker is a seasoned pro with hundreds of deals under his belt, and he shares tons of valuable information for free in this episode. Be sure to subscribe to the BiggerPockets Real Estate Podcast for more tips on investing safely while taking advantage of the opportunities ahead. Learn more about your ad choices. Visit megaphone.fm/adchoices

Feeling like you're in uncharted territory as a landlord? You're in good company! Today's show walks you through how to ethically and profitably manage rentals through the COVID-19 outbreak and beyond. Brandon and David sit down with Mike Butler, acclaimed author of Landlording on Autopilot; Chris Clothier, partner at REI Nation (formerly Memphis Invest); and Dave Poeppelmeier, owner of eight houses in Toledo, Ohio. You'll get a ton out of this panel discussion, including exact scripts for communicating with non-paying residents, strategies for connecting tenants to government resources, a discussion about "deferment" vs. "forbearance," and much more. Mike (500+ units), Chris (6,000+ turnkey units), and Dave (8 properties, mostly student rentals) are all in different markets and at different stages of their investing careers... so you're guaranteed to learn something you can apply in your business today. Enjoy this episode, jump on the BiggerPockets Forums to connect with fellow investors, and subscribe to this show in your favorite podcast app so you won't miss us next week! In This Episode We Cover: Mortgage forbearance vs. deferment for landlords What % of REI Nation's tenants paid April rent Establishing open lines of communication with tenants What tone to use in conversations about rent Why Dave proactively reached out to his renters Guiding tenants to government resources (unemployment, etc.) Creating contingency plans Mike's "Wendy's walk-up window" for rent payment How to look for better financing in low-interest-rate environments How to stay organized if you're getting government assistance for your business And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinars BiggerPockets Bookstore BiggerPockets Podcast 224: Building a Process to Buy 17 Deals a Week with Chris Clothier Are Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do! BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock BiggerPockets Bookstore  Check the full show notes here: https://www.biggerpockets.com/show380 Learn more about your ad choices. Visit megaphone.fm/adchoices

There are plenty of opinions out there about where the real estate market is headed next. But what are the numbers telling us? Today we dig into the data with Dave Meyer, BiggerPockets' VP of Growth and Analytics and a real estate investor himself. Dave leads BiggerPockets Insights—a Pro/Premium benefit providing current local market data—and he's been looking at data points in the weeks since shelter-in-place orders began to grind the economy to a halt. So... Why are rents down? Why haven't prices dropped? And what data should investors be keeping an eye on? The guys tackle those questions and much more in today's episode. Plus, Dave discusses his list of the country's best 11 cashflow markets adjusted for vacancy and explains what makes them so attractive right now. Add in a topical "Fire Round" and a breakdown of Dave's "ski for free" Airbnb scheme, and you've got an action-packed episode sure to bolster your confidence in these uncertain times. Check out this episode of the BiggerPockets Real Estate Podcast, and be sure to subscribe to the show in your favorite podcast app so you won't miss the next one! In This Episode We Cover: The top cashflow markets in the country for high value and low vacancy 3 data points Dave looks at when analyzing a new market Why housing prices haven't fallen much yet Dave's (cautiously optimistic) forecast on real estate prices What's happening to rents nationwide What "income-to-price" reveals about a market What BiggerPockets Insights is How new investors can take advantage of this downtime The potential of a population shift away from urban centers How Dave bought an Airbnb in Colorado to "ski for free" And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinars BiggerPockets Bookstore BiggerPockets Podcast 186: How to Get Your First Few Properties — Even in a Competitive Market with Dave Meyer Air DNA BiggerPockets Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager BiggerPockets Pro BiggerPockets Insights Newbie Real Estate Investors - What YOU Should Be Doing During This COVID Time BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene Check the full show notes here: http://biggerpockets.com/show379 Learn more about your ad choices. Visit megaphone.fm/adchoices

With a recession already underway, we're turning to an investor with 30 years of experience, 3,000-plus multifamily units acquired, and one of the sharpest minds in real estate. Brian Burke is back today, and he sits down with Brandon and David to offer his interpretation of current events and to guide our audience through how to invest passively without violating Warren Buffett's No. 1 rule: "Never Lose Money!" Brian explains how his firm Praxis Capital is navigating COVID-19 and shares a few tips everyday investors can use to fortify their portfolios. We also discuss leverage, how lending practices are changing, and techniques you can use today to safeguard your investments against vacancy and drops in valuation. In the second half of the show, Brian speaks to those interested in becoming "hands-off" investors—whether you want to focus on making money in your day job or just don't want to deal with being a landlord. After all, BiggerPockets has 10-plus books on how to actively get deals done... but none (until now) on how to evaluate passive investment opportunities. We go over how to meet syndicators, what red flags to look for, how to diversify your investments... and the absolute No. 1 quality to look for in a passive investment (hint: it's NOT the deal itself). This episode is packed with deep insights into the current market shift, but it's also a timeless lesson in evaluating syndication opportunities. For more info, check out Brian's new book, The Hands-Off Investor: An Insider's Guide to Investing in Passive Real Estate Syndications, and all the great bonus content, too. In This Episode We Cover: How Brian got his start raising capital from his cop buddies "Bulletproof vests" investors can use to survive right now Brian's definition of "over-leveraged" Why Brian is currently more focused on operations than acquisitions How government stimulus $ may affect the real estate market How and where passive investors meet syndicators The #1 quality passive investors should look for in a syndicator Why the deal sponsor is more important than the deal itself Diversifying your passive investment portfolio Red flags to look for when evaluating syndicators Why "alignment of interests" is overrated The lesson he learned from a friend who lost her life savings Links from the Show BiggerPockets Forums BiggerPockets Webinars BiggerPockets Business Podcast Real Estate Rookie Podcast BiggerPockets Money Podcast BiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian Burke BiggerPockets Podcast 076: Growing Your Real Estate Company Into a $30 Million Dollar Business with Brian Burke BiggerPockets Podcast 152: Building Wealth and Passive Income with Rental Properties with Ben Leybovich, Brian Burke, and Serge Shukhat BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene BiggerPockets BRRRR Guide BiggerPockets Bookstore Check the full show notes here: http://biggerpockets.com/show378 Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's guest does 125 deals a year in Dallas—from his home base in the Caribbean. How? Well, he bailed on direct mail marketing and doubled down on radio ads. And when others froze up as the coronavirus spread, his team put in new systems and closed a $23,500 wholesale deal... without even stepping foot inside the house. Chris Arnold zigs when others zag, and today you'll learn how he sets up his business so he can consistently work ON it, not in it... while enjoying a great lifestyle in Tulum, Mexico. Chris shares timely tips for how to orchestrate deals while maintaining safe social distancing (he even holds "Zoom open houses" with multiple cash buyers at once); breaks down which team member handles each aspect of a transaction; and delivers a fantastic tip for new real estate investors struggling to stay focused. Plus—Chris shares how advertising on local radio stations has elevated his home-buying business to new levels. Look, he says, you might prefer podcasts... "but you are not your seller!" We play one of his ads on the show, and he guides us through how to research various audiences and negotiate the best rates with stations. This show covers it all—from the finer points of buying properties at deep discounts to the mindset shifts Chris has made along the way. Check it out, and if you enjoyed this please share it with just one family member or friend. We appreciate you, and we'll see you next Thursday. In This Episode We Cover: Why Chris runs his business virtually from Mexico His #1 lead generation strategy: good old-fashioned radio! 3 major demographics he markets to Why "bouncing" is the reason so many newbies fail 3 shifts he's made to adapt to COVID-19 How he decides whether to wholesale or fix and flip a property The exact workflow his team uses to work leads from start to finish How he inspects houses remotely Closing deals over the phone How he puts together "Zoom open houses" for cash buyers How he's finding cash buyers who will buy sight unseen How the market is reacting to coronavirus Ways to back out of a contract if necessary And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Coronavirus Relief Programs BiggerPockets Webinars How to Build a Deal Pipeline Realtor Zillow Pandora The Multipliers Mastermind BiggerPockets Business Podcast Real Estate Rookie Podcast BiggerPockets Money Podcast GoBundance Check the full show notes: http://biggerpockets.com/show377 Learn more about your ad choices. Visit megaphone.fm/adchoices

Strength in numbers! When you finish this episode, you'll have 12+ action items that could help you withstand the coming economic slump... and perhaps even accelerate your path to financial freedom. Each investor featured today gives you their top piece of advice for handling an economic downturn: from mindset, to leadership, to specific strategies you can begin to put in place TODAY. Don't miss this one, and be sure to subscribe to the BiggerPockets Real Estate Podcast for more hard-won wisdom on how to lead your business through the coronavirus crisis and beyond. In This Episode We Cover: Why now is the time to write a 10-year vision for yourself Serving others first, even when our impulse is self-protection Cutting overhead to preserve cash Finding creative ways to rent out property Collecting payments up-front, for a discount Working with lenders if you're having shortfalls with rent Investing as a group to hedge risk Controlling your emotions when the market is volatile Why you should be building a team NOW The importance of picking up the phone to nurture relationships And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Magazine BiggerPockets Conference GoBundance BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ Osborne BiggerPockets Webinar BiggerPockets Podcast 362: Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy Papasan BiggerPockets Bookstore BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan Kirkland Signature Protein Bars BiggerPockets Money Podcast 100: From Financial Disaster to Real Estate Master with Brandon Turner Jason Drees Coaching BiggerPockets Podcast 162: How to Pay Less to the IRS with Amanda Han, CPA BiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian Burke AppSumo BiggerPockets Podcast 213: Investing in Real Estate Without Being a Landlord with Noah Kagan BiggerPockets Podcast 201: Flipping 100+ “Zombie” Houses with Justin Stamper BiggerPockets Business Podcast Landlordology Cozy.co Are Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do! BiggerPockets Youtube Channel 876: What Makes a CEO with BiggerPockets CEO, Scott Trench ScottSilverRealty BiggerPockets Podcast 325: From Major Business Failure to Buying 20 Houses a Month With Aaron Amuchastegui Check the full show notes here: http://biggerpockets.com/show376 Learn more about your ad choices. Visit megaphone.fm/adchoices

Economic upheaval. Tenants losing their jobs. Entire cities shut down. How should real estate investors operate today? In this episode, we’re opening up the phone lines and patching in both expert investors (Tarl Yarber, Avery Carl, Justin Stamper) and newbies (Sawyer, Adam, Joe) in various markets across the country. What you’ll learn: how hard-hit short-term rental operators can adapt to travel restrictions, how to plan for non-payment of rent, which strategies are likely to work best in the coming economic shift, what the heck is going on with interest rates... and much more. Tell us what you think of this new format, and be sure to subscribe to the BiggerPockets Real Estate Podcast for more on how best to run your business in unprecedented times. Stay safe and we’ll see you next Thursday. In This Episode We Cover: How certain areas of the country are affected How to find renters at this time How to make your Airbnb business thrive Why panic selling is not recommended The value of working with a partner What to do if your properties are affected How the pricing of properties are affected Various creative financing you can try Current status of various investors Why rents never go down And SO much more! Links from the Show BiggerPockets Forums Zombie House Flipping BiggerPockets Podcast 201: Flipping 100+ “Zombie” Houses with Justin Stamper TravelNursing.org Furnished Finder RNvip.com Trusted Health Cross Country Nurses AYA Healthcare BiggerPockets Podcast 374: What Real Estate Investors NEED to Know About the Coronavirus, the Economy, and the Problems at Your Door BiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl ClearBank Open Door Capital BiggerPockets Youtube Channel BiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber Melanie & Dave Dupuis's Instagram Are Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do! (Video) Dave Ramsey Justin Stamper's Instagram Justin Stamper's Website The Short Term Shop Avery Carl's BiggerPockets Profile BiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl Tarl's Instagram BiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber Check the full show notes here: https://www.biggerpockets.com/show375 Learn more about your ad choices. Visit megaphone.fm/adchoices

Rent's due... or is it? From quarantines to eviction moratoriums to a plummeting stock market, COVID-19 has upended seemingly everything -- and today we talk through what it all means for real estate investors. J Scott, author of Recession-Proof Real Estate Investing, and Scott Trench, author of Set for Life and CEO of BiggerPockets, join Brandon and David for a roundtable discussion packed with perspective and insight. We begin with a high-level analysis of today's economy, and discuss how you can fortify your portfolio in the face of a likely recession (there's still time!). Then, the guys take on your most pressing questions -- starting with, "what happens if my tenant doesn't pay rent?" *NOTE: If you want to skip directly to audience Q&A, that section starts at 1 hour, 5 minutes.* Whether you're a brand new investor nervous about getting started... or a veteran waiting for the right opportunity to deploy capital, this episode will give you a chance to take a deep breath and assess the playing field. We hope you enjoy this special episode, recorded March 18... Stay safe, take care of yourselves, and stay tuned for more Coronavirus content across all BiggerPockets platforms in the days and weeks ahead. In This Episode We Cover: BiggerPockets members' top questions right now How to control your emotions when people around you are panicking Which strategies do and don't work well during downturns How to approach tenants who have lost income and don't pay rent The importance of "buying right" and keeping cash reserves 6 ways real estate investors should prep for a recession How power dynamics in the marketplace will change Whether you should still be out there looking for deals How to productively use your time while confined indoors Adjustable Rate Mortgages today COVID-19's effect on the overall economy The effects of Quantitative Easing and 0% interest rates And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Money Podcast BiggerPockets Real Estate Rookie Podcast BiggerPockets Business Podcast Mindy Jensen's BiggerPockets Profile Imperial College COVID-19 Response Team Article Ray Dalio BiggerPockets Podcast 297: Mastering the Decision-Making Process with Business (and World Series of Poker) Champion Annie Duke BiggerPockets Calculators 4 Wealth Generators of Real Estate Investing (video) Zillow BiggerPockets Podcast 311: 6 Rules for Investing in Real Estate in the Coming Economic Shift with J Scott Check the full show notes here: http://biggerpockets.com/show373 Learn more about your ad choices. Visit megaphone.fm/adchoices

Four years ago, Lee Ripma was brand new to real estate. She vowed she'd one day appear on the BiggerPockets Podcast. That day has come. And we're all better off for it! In this action-packed episode, Lee traces her journey from full-time field biologist to newbie who jumped straight into long-distance multifamily (wait 'til you hear about her first deal!) to developing apartment buildings in the high-end Los Angeles market. You'll learn how she formed relationships with local, "boots-on-the-ground" partners on her BRRRR deals in Kansas City, why she came to prefer value-add multifamily deals over BRRRR, and how she's able to find higher and better uses for properties in Southern California. From looking at our podcast stats, we know a LOT of you are in hot markets like L.A., New York, San Francisco, and Washington, D.C. If you've ever thought to yourself, "My market's so expensive... How can I invest in real estate?"—look no further. This episode will get you motivated, and it may just ignite your real estate investing career! Be sure to subscribe to the BiggerPockets Real Estate Podcast, sample the other BiggerPockets podcasts in our network (just search "BiggerPockets" in your favorite podcast app), and as always, if you appreciate this content, please give us an honest rating and review on Apple Podcasts. In This Episode We Cover: Why she abandoned the idea of building a tiny house empire How her career as an environmental consultant prepared her for real estate investing Why innovation can be overrated How she screwed up her first deal and still made 28% cash-on-cash Why choosing a “submarkets” is more important than the general market you choose Why she shifted from BRRRR to value-add multifamily investing How she unlocks value in rundown apartment buildings Finding “boots-on-the-ground” partners for out-of-state deals How she learned the development game by apprenticing under an experienced investor How real estate development creates money out of thin air Tearing down single-family homes and building 4-unit apartment buildings How she moves projects more quickly by using “prefabricated construction” Why “value-add” drives the biggest returns on investment And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Money Podcast How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman BiggerPockets Task Rabbit BiggerPockets Podcast 092: No (and Low) Money Down Real Estate Investing with Brandon Turner Podcast Movement BiggerPockets Money Tiktok Check the full show notes here: http://biggerpockets.com/show373 Learn more about your ad choices. Visit megaphone.fm/adchoices

Securing financial freedom for her family through long-distance real estate investing! West Point graduate Erin Helle's story starts the day she was ordered to deploy to Afghanistan. She already had a young daughter, and her husband was headed to Iraq. Something had to change. Mix in a serious health condition, the result was this: Erin felt forced to take action and build something that would endure and provide for her daughters no matter what. In this episode, you'll learn which steps she took. From buying new construction, to flipping at a distance, to using a self-directed IRA to purchase a rental property, this show is packed with valuable lessons from an investor who's acquired 20 doors in the span of two years. Erin shares a powerful story that's sure to make you think hard about the legacy YOU plan to leave behind and what you plan to do to get there. In This Episode We Cover: Buying new construction Generating momentum as a newbie investor Erin's key performance indicators Lead measures vs. lag measures Out-of-state real estate investing Teaching young kids about money Why getting your real estate license may be overrated Why she doesn't "DIY" anymore And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan “The Mercenary” Murdock Open Door Capital $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ Osborne Brandon's Instagram Craigslist Zillow Redfin BiggerPockets Money Podcast BiggerPockets Business Podcast Click here for full show notes: http://biggerpockets.com/show372 Learn more about your ad choices. Visit megaphone.fm/adchoices

More "newbie" content. More "first deal" success stories. Tips, tools, and step-by-step guidance from investors just one step ahead of you. That's what many of you have been asking for. And that's what you'll get when you subscribe to Real Estate Rookie, BiggerPockets' newest podcast! Episode 1 is LIVE now, and it's a gem if we do say so ourselves—check it out here. In this brief announcement, Brandon and David introduce hosts Ashley Kehr and Felipe Mejia (remember them from episodes 348 and 329?)... and explain WHO would—and wouldn't—benefit from listening to Real Estate Rookie. You might be asking—is the "OG" BiggerPockets Podcast changing? Or even going away? Not a chance! In fact, we hope you listen to both shows. Check out Real Estate Rookie today, and Brandon and David will have another great interview right here tomorrow. Then next week, you'll get an episode of Real Estate Rookie on Wednesday, and we'll be back to regular programming. Tell us what you think of the new podcast, join the Facebook group (just search "Real Estate Rookie"), and give Ashley and Felipe a follow on Instagram @wealthfromrentals and @felipemejiarei! Learn more about your ad choices. Visit megaphone.fm/adchoices

$700,000-plus in wholesale fees—fresh out of high school! On this show, Will Brown reveals how laser-focusing on “deal flow” allowed him to build a rental property portfolio, build a self-sustaining business, and amass a small fortune… all in a matter of months. You’ll be blown away by Will’s story of being struck by inspiration while playing Grand Theft Auto at age 18. That led to the BiggerPockets Podcast, and well… you’ll have to hear the rest of his story to believe it. If you want to know the exact structure of a four-deal-per-month wholesaling business and the specific marketing methods Will uses to reach sellers, check out this episode. He walks us through how he handles leads, how he manages his business from 3,000 miles away, and why he’s handing over the reins to a partner so he can focus on building a technology startup. This is a fantastic episode highlighting a BiggerPockets member who took massive action, trusted the process, and saw massive results. Download this one, and make sure you’re subscribed to the BiggerPockets so you won’t miss a show! In This Episode We Cover: How Will built a powerful marketing machine How he's able to spend only 30 minutes on each deal How he prevents leads from slipping through the cracks Ringless voicemail messaging and text message marketing Why he prefers wholesaling over flipping houses How he handles tricky title issues Why it's never a bad idea to make an offer Will's artificial intelligence startup And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Ultimate Beginner's Guide BiggerPockets Podcast 077: Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael Quarles BiggerPockets Podcast BiggerPockets Podcast 209: Flipping 83 Homes in the Last 18 Months with Kevin Carroll BiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal Newport Shark Tank Check the full show notes here: http://biggerpockets.com/show371 Learn more about your ad choices. Visit megaphone.fm/adchoices