What rules govern your real estate investing strategy? For most, it’s a tough question to answer. But not for today’s guest, Paul Morris. Paul, co-author of the bestselling Wealth Can’t Wait, has been investing in real estate for more than twenty years and has never lost money, all because he abides by three simple rules. Today, Paul also discusses the power of mindset in building wealth, the key to investing in emerging markets, and much more. This episode will surely inspire, motivate, and educate you to continue your journey toward financial freedom. In This Episode We Cover: How Paul got into real estate investing Using syndication to do your deals The types of properties he is buying Stick with what you know The three rules Buying where you know How to buy in an expensive area The 24-hour city What’s the barrier of entry on real estate? What is an emerging neighborhood? An interesting story about a keynote speech What is hard work? 10x your goals How we affect others and vice versa Living life to the fullest Hire people who will love you And SO much more! Links from the Show BiggerPockets Forums House Hacking 101: How to “Hack” Your Housing and Get Paid to Live for Free BiggerPockets Money Show Tiger21 Mastermind Group BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn Books Mentioned in this Show You Can’t Teach a Kid to Ride a Bike at a Seminar by David H. Sandler Wealth Can’t Wait by David Osborn & Paul Morris Set for Life by Scott Trench The War of Art by Steven Pressfield The Influential Mind by Tali Sharot Fire Round Questions I just bought my 1st deal… now How soon can I buy my 2nd property? Is there a waiting period? Where can I find a private lender to fund my real estate deals? Tweetable Topics: “You can’t do everything on your own.” (Tweet This!) “You buy where you know.” (Tweet This!) “The thing that stops people form taking action is the fear of loss.” (Tweet This!) “Your net worth will never exceed your self worth.” (Tweet This!) “What got us here will not get us there.” (Tweet This!) “There’s a lot more hard money out there than there are good deals.” (Tweet This!) Connect with Paul Paul’s BiggerPockets Profile Paul’s Website Paul’s Instagram Profile Paul’s Twitter Profile Paul’s Facebook Page Email Paul Learn more about your ad choices. Visit megaphone.fm/adchoices

Most people understand the world of rental properties, house flips, and other common real estate investments. But there is one little-known niche that could provide massive cash flow and profits without the headaches: note investing. In this episode of the BiggerPockets Podcast, we sit down with Dave Van Horn, author of Real Estate Note Investing, to talk about how anyone can get started with real estate note investing—even as a first investor. In addition to a great conversation about notes, you’ll also hear some of Dave’s powerful strategies for getting his real estate offers accepted, how he started his investments using the BRRRR strategy (with credit cards!) and much, much more. In This Episode We Cover: What is a note? The types of notes available Ways to start investing in notes How much cash one needs to have a note Dave’s backstory as a real estate investor Dave’s shift to note investing What hard money is Three things you need to put together a deal Getting bank financing Performing vs. non-performing notes Shadowing and how to do it Making multiple offers What happens when a performing note becomes a non-performing note? About the book And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Calculators Veggie Tales: Song of the Cebu BiggerPockets Podcast 028: Note Investing and Raising Private Money with Dave Van Horn Prosper Books Mentioned in this Show Multiple Streams of Income by Robert Allen Real Estate Note Investing by Dave Van Horn The First Entrepreneur by Edward G. Lengel Abundance by Peter H. Diamandis Fire Round Questions Is it possible to purchase your own Non Performing Note? If I want to be an individual NOTE investor, how much money do you need to have to play? Would it be a smart strategy to buy NPN or defaulted mortgages just to foreclose on them for profit? Tweetable Topics: “It’s not only about what you’re paying, it’s about how you’re paying it.” (Tweet This!) “You don’t need any money, you just need a deal.” (Tweet This!) Connect with Dave Dave’s BiggerPockets Profile Dave’s Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Struggling to build your real estate empire? Not after this show! It’s time to put the no money, no deals, and no time excuses to rest. This episode is 90 minutes of pure fire, as Brandon and David systematically help you overcome the “big three” roadblocks most real estate investors encounter. You’ll learn how to fund your next deal no matter how much cash you have (or don’t have). You’ll find that deals are out there — if you are willing to follow the tactics and processes laid out here. You’ll also learn how anyone can invest in real estate — even if you have only a few minutes a day. Today’s episode is unlike anything you’ve heard before, so grab a pen and a notebook and prepare to annihilate your “big three!” In This Episode We Cover: Having more options through continued education Why finding better deals comes first before finding money Ways to do deals with no money down Private-money and hard-money lenders The BRRRR strategy Seller financing: how it works Finding deals Understanding how properties are valued Having the right process in finding deals The L.A.P.S. funnel Ways to “fill” the funnel Getting a real estate agent Direct mail, driving for dollars, and many more strategies Finding time to invest in real estate The 1 percent rule Finding the right people And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast 252: House Hacking (Your First Deal) & Life Hacking with Craig Curelop BiggerPockets Twitter Profile BiggerPockets Podcast 044: Creating Systems to Flip Houses While Still Employed with Michael Woodward Zillow BiggerPockets Marketplace BiggerPockets Calculators Investor Carrot LeadPropeller Wix How to Build a Website with Wix BiggerPockets Podcast 217: How to Work Less and Earn More Using the 80/20 Rule with Perry Marshall BiggerPockets Podcast 268: Acquiring 20 Long-Distance Rental Homes (on a Military Salary!) with Rich Carey BiggerPockets Webinars Books Mentioned in this Show Set for Life by Scott Trench Long-Distance Real Estate Investing by David Greene Finding and Funding Great Deals by Anson Young Investing with Low or No Money Down by Brandon Turner The Millionaire Real Estate Agent by Gary Keller The Compound Effect by Darren Hardy 12 Week Year by Brian Moran 80/20 Sales and Marketing by Perry Marshall The ONE Thing by Gary Keller & Jay Papasan Tweetable Topics: “The more you learn about real estate, the more options you have.”(Tweet This!) “You’re doing the lender a favor by giving them a way better return with their money.” (Tweet This!) “Good deals are not found, good deals are made.” (Tweet This!) “The process is more important than the specific tactic.” (Tweet This!) “At the end of the day, consistency is what matters.” (Tweet This!) “Real estate is market specific.” (Tweet This!) Connect with Brandon Brandon’s BiggerPockets Profile Brandon’s Instagram Brandon’s Twitter Profile Connect with David David’s BiggerPockets Profile David’s Instagram Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate investors love to talk about their successes, but most refuse to talk about their failed deals. On today’s show, we hit both of those points hard when we sit down with Sam Craven to talk about how his wholesaling business generates hundreds of thousands of dollars each month in revenue — and the mistakes that led to him losing over $750,000 from his rehabbing business. You’ll also discover the exact strategies Sam is using to fill his deal pipeline, plus advice for those of you who are just starting on your real estate journeys. In This Episode We Cover: Who Sam Craven is and how got started investing six years ago Figuring out your one thing How Sam lost 3-quarters-of-a-million dollars Focusing on what you are really good at How Sam’s business has evolved Why he spent $1 million for marketing in a year Do you need to get your real estate license? Direct-mail marketing and other paid marketings Growing by acquisition What does wholesaling mean to you? Having a closed group of buyers list How Sam motivates himself to keep going And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast 033: How to Close 27 Deals in Your First Year While Working Full Time with Sam Craven BiggerPockets Podcast 137: How to Use Systems to Scale Your Real Estate Business with Sam Craven Growth Con BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan Zillow Realtor BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone BiggerPockets Podcast 250: Grant Cardone on Multifamily Investing and Why You Should Never Buy a House! BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss Books Mentioned in this Show Set for Life by Scott Trench Long-Distance Real Estate Investing by David Greene The Miracle Morning by Hal Elrod Never Split the Difference by Chris Voss Relentless by Tim Grover Fire Round Questions What is the one thing a wholesaler should know before starting? Best cities to buy multifamilies for buy-and-hold in 2018 Tweetable Topics: “Know what you’re good at and know what your end results to be.”(Tweet This!) “You cannot have success without failure.” (Tweet This!) “If your goal and your why is bigger than any other problem you can face, you can overcome anything in the planet.” (Tweet This!) “Systems make your business a business.” (Tweet This!) Connect with Sam Sam’s BiggerPockets Profile Sam’s Facebook Page Sam’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Plenty of people can purchase a house to live in. But how can you leverage that single home into many more real estate deals—enough to achieve financial independence? On today’s episode of The BiggerPockets Podcast we sit down with Amy Arata,... Learn more about your ad choices. Visit megaphone.fm/adchoices

Big changes are underway in the U.S. tax code—and it could make a huge difference to your bottom line. Thankfully, today on the BiggerPockets Podcast, we get to sit down with two CPAs who focus entirely on helping real estate investors navigate the tax code! Amanda Han and Brandon Hall join us today as we dive deep into the new changes—plus tackle some of the most common questions new real estate investors ask! In This Episode We Cover: Who are Amanda and Brandon? Changes of the new tax bill What is passthrough deduction? Increasing the depreciation schedule The concept of cost segregation The 1031 exchange provisions have been modified Using 1031 Business interest limitation What is a tax shelter? Section 179 — write off 100 percent as an asset What can a investor do now? When do you need a CPA? Some more free tax advice And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Money Show Forget BRRRR: Introducing the BARRRR Strategy for Investors (Blog) IRS Schedule E (PDF) BiggerPockets Blog How the Final GOP Tax Bill Will Affect Real Estate Investors (Blog) Books Mentioned in this Show The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland Rich Dad Poor Dad by Robert Kiyosaki What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli The 4-Hour Workweek by Timothy Ferriss Building a StoryBrand by Donald Miller Tweetable Topics: “Hire the right people right away.” (Tweet This!) Connect with Amanda Amanda’s BiggerPockets Profile Amanda’s Company Website Connect with Brandon Brandon’s BiggerPockets Profile Brandon’s Company Website Brandon’s LinkedIn Profile Brandon’s Facebook Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Many people feel that because their local market isn’t great for rental property cash flow, they can’t invest. Don’t tell that to today’s guest, who for the past decade has been doing just that—even while working full-time in the U.S. Military! Today’s guest is Rich Carey, who shares with us his strategy of buying rentals in one location, despite living in many different places across the world. Rich also discusses his strategy of NOT using leverage, instead choosing to buy properties with cash instead, which has allowed him to maximize his cash flow and has given him true financial independence. Rich’s story is inspiring and highly educational, so set aside time today to listen to the whole interview. We think you will really like this one! In This Episode We Cover: How he bought his first property while assigned in Guam Tips for flipping new construction Why you should consider switching investing style after a flop Why you shouldn’t buy a house, unless… Advice on long-distance house flipping What you should know about partnerships and trust His experience investing in properties in military bases A discussion on leveraging properties The importance of having a frugal lifestyle Hiccups on his first property and valuable lessons from it How he manages his properties out-of-state And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Money Show Introduce yourself to the forum Leading Landlord BiggerPockets Podcast 230: Real Estate Investing as a Side Hustle with Grammy-Winning Producer Seth Mosley BiggerPockets Landlord Forms BiggerPockets Podcast 223: How to Become “Set for Life” Through House Hacking, Frugality, and Maximizing Your Income with Scott Trench BiggerPockets Podcast 035: Quitting Your Job, Lifestyle Design, and Being a Traveling Landlord with Paula Pant Books Mentioned in this Show The Total Money Makeover by David Ramsey Set for Life by Scott Trench Long Distance Real Estate Investing by David Greene Rich Dad Poor Dad by Robert Kiyosaki Fooled by Randomness by Nassim Nicholas Taleb Fire Round Questions What extras do you add to your lease Recourse against property manager for fraudulent repair billing? Tenant wants to buy my house Tweetable Topics: “You can pay off a mortgage pretty fast when you put your effort into that.” (Tweet This!) “I don’t believe that you have to wait for things to crash then invest everything.” (Tweet This!) Connect with Rich Rich’s Personal Blog Email Rich Learn more about your ad choices. Visit megaphone.fm/adchoices

How does a world-class soccer star set himself up for a lifetime of financial freedom? Rental properties! That’s the story on today’s episode of The BiggerPockets Podcast, where we sit down with Nat “The Beard” Borchersto learn how he built a sizable portfolio of rental properties while traveling the country (and the world!) as a professional athlete. Nat shares his humble “hammer-swinging” beginnings, as well as the systems that today allow him to live a life of freedom while others manage his units. Don’t miss a moment of this powerful and hilarious episode!   In This Episode We Cover: Nat’s background as a professional soccer player and his first deal His current number of properties What exactly a 1031 exchange is Expert tips for finding deals How to use social networking to your advantage Specifics on a recent deal How he found great prices just an hour and a half from his area How to increase the rent Commercial loans vs. traditional loans Sub-metering a property The story behind why he hires property managers His 28-house portfolio deal And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Money Show BiggerPockets Events BiggerPockets 1031 Exchange Guide The 1031 Exchange Ultimate Guide for Real Estate Investors (blog) BiggerPockets Landlord Forms True Submeter BiggerPockets Podcast 131: Investing in Multifamily Properties in a HOT Real Estate Market with Serge Shukhat AppFolio Mindy’s Twitter Profile Mindy’s Instagram Brandon’s Twitter Profile Brandon’s Instagram Books Mentioned in this Show How to Work a Room by Susan RoAne How to Win Friends & Influence People by Dale Carnegie Built to Last by Jim Collins The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matt MacFarland Defensive Real Estate Investing by William Bronchick The Compound Effect by Darren Hardy The Lifeonaire by Steve Cook Fire Round Questions What questions to ask when choosing a Property Management Company Someone who makes you very uneasy! Tenant is subletting on AirBnb, what should I do? Whats YOUR Metrics for Buy and Hold investments? Multi-Family Purchase Inspection Tweetable Topics: “Today, you don’t find good deals. You make good deals.” (Tweet This!) “Nothing ventured, nothing gained.” (Tweet This!) Connect with Nat Nat’s Personal Website Nat’s Twitter Profile Nat’s Instagram Profile Nat’s Facebook Page Learn more about your ad choices. Visit megaphone.fm/adchoices

We’re not going to lie: It was hard to come up with a title for this episode because we covered SO much—productivity strategies, morning routines, growing from zero to 900 units, partnerships, 1031 exchanges. Whether you are a top performing real estate expert or still looking for your first, you’ll leave this interview challenged, encouraged, and fired up to make some big changes in your life! Jake and Gino are full of energy and even more full of knowledge, so get ready for one awesome show. In This Episode We Cover: Who Jake and Gino are The importance of having a picture in mind Tips for having good morning habits How they built ancillary businesses to support their real estate investing Advice for finding the right employees How to get into the first deal How to balance being focused and building another revenue streams Why partnerships are vitally important What to seek in a partner What their partnership looks like Thoughts on using an LLC for each deal What exactly cost segregation is A discussion on holding properties forever Their thoughts about 1031 exchanges How they find deals And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast 182: 674 Multifamily Units in Three Years with Jake & Gino BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod Luminosity Headspace Alar.my Scott’s Twitter Profile Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki The Miracle Morning by Hal Elrod The Richest Man in Babylon by George S. Clason The ABCs of Real Estate Investing by Ken McElroy Investing in Fixer-Uppers by Jay DeCima Think and Grow Rich by Napoleon Hill Atlas Shrugged by Ayn Rand Tweetable Topics: “Have a picture in mind and just keep focusing on it.” (Tweet This!) “You grow into your problems, and you outgrow your problems.” (Tweet This!) “The fear is worst than the reality.” (Tweet This!) “If you’re not thinking of creating value for the other person, then the partnership is not going to work.” (Tweet This!) “Transactions are not going to create wealth; equity is going to create wealth.” (Tweet This!) Connect with Jake and Gino Jake and Gino’s Company Website Rand Property Management Rand Partners LLC Jake and Gino Podcast Learn more about your ad choices. Visit megaphone.fm/adchoices

Yes, really. Today’s guest was kidnapped in Russia by mobsters and not only lived to tell the tale, but he even went on to invest in rental real estate in a big way, building a massive property management business! In this show, Andrew Propst shares key insight into finding incredible property managers and solid tips for profitably managing your own tenants. Andrew also has some excellent tips for finding great real estate deals, so if rental properties are in your future, this is one show you don’t want to miss! In This Episode We Cover: The kidnapping story How Andrew’s stubbornness to pay rent led him to invest in real estate His first investment Tips for finding the right property manager The details on Andrew’s 42-unit multifamily property How they managed to increase rents from $400 to $700 Useful property management resources What you should know about cap rates Tips on finding great deals What he thinks about build to rent What Andrew looks for in a market Thoughts on renting to people with a prior eviction The importance of enforcing the terms of the lease A conversation about landlord-tenant laws And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Landlord Forms BiggerPockets Podcast 232: The Four Lead Sources Nathan Brooks is Using to Flip 120 Houses a Year BiggerPockets Money Show The Saratov Approach (Movie) National Association of Residential Property Managers Institute of Real Estate Management Integra Realty Resources Cap Rate and Cash-on-Cash Return: A Definitive Guide CCIM Institute ‘World’s worst bowler’ just bought a historic Valley alley. Even his wife thinks it’s crazy (Post) CI 101: Financial Analysis for Commercial Investment Real Estate (Course) Books Mentioned in this Show Long-Distance Real Estate Investing by David Greene The Book on Rental Property Investing by Brandon Turner How to Win Friends & Influence People by Dale Carnegie Drive by Daniel H. Pink The Book on Managing Rental Propertyies by Heather and Brandon Turner Fire Round Questions Previous property manager did not return security deposit Perspective Tenant with Service Dog Otherwise great tenants hiding ferrets – how to proceed Eviction history Tweetable Topics: “You never know how important a property manager is until you hire a bad one.” (Tweet This!) “Your job as a property manager is just to enforce the terms of the lease.” (Tweet This!) “You’re doing your tenant a disservice if you’re not firm.” (Tweet This!) “The lazy parents clean their child’s room.” (Tweet This!) “The whole premise of Fair Housing laws is to treat everybody the same.” (Tweet This!) Connect with Andrew Andrew’s BiggerPockets Profile Andrew’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

In today’s world, anyone can call themselves an entrepreneur. But what does it really take to find success as one? That’s the topic on today’s inspiring episode of The BiggerPockets Podcast, where we sit down with New York Times bestselling author Gary Vaynerchuk, author of Crushing It!: How Great Entrepreneurs Build Their Business and Influence-and How You Can, TooI and host of The #AskGaryVee Show, one of the most popular vlogs online. Gary is one of the world’s foremost experts on using social media to drive a business forward, so in addition to an amazing discussion on hustle and motivation, Gary dives into several unique strategies for finding deals, networking with influencers, and growing your business using the power of social media. In This Episode We Cover: What Gary thinks is crazy about entrepreneurs today Why you don’t “have to be” an entrepreneur or an investor What you should know about the book Crushing It The social media tools Gary uses Why Facebook is so useful How social media is the future How real estate investors can use social media Targeting the right people for your business through Facebook How to use the concept of “smart hustle“ And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Jobs Snapchat Alexa Craigslist Need Some Motivation Right Now? (blog) Moment App Books Mentioned in this Show Crush It! by Gary Vaynerchuk Crushing It! by Gary Vaynerchuk Tweetable Topics: “The thing that drives me crazy is that I just want everybody to win.” (Tweet This!) “If you’re working 15 hours a day just for the money to then do the thing you love, you lost.” (Tweet This!) “The great thing about entrepreneurship is that you only have to be right once.” (Tweet This!) Connect with Gary The #AskGaryVee Show Planet of the Apps VaynerMedial Learn more about your ad choices. Visit megaphone.fm/adchoices

Many people have dreams of owning large multifamily properties—but fail to get beyond small deals. Not today’s guest! Today, we sit down with Bruce Petersen, an investor from the Austin, TX area who started with a 48-unit syndication deal and hasn’t looked back! Bruce has some incredible stories and lessons from his time in the business, so if you ever plan to buy an apartment complex, this is one episode you need to pay close attention to! In This Episode We Cover: Bruce’s background What a syndicator does Why he started out with a 48-unit deal Why it’s easier to handle a property with more units The “deal triangle“ Tips for hosting a meet-up The class system of properties When to upgrade a unit What exactly a preferred return is How syndicating really works How he included his daughters in the deal How he finds deals And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Events Brandon’s Twitter Profile Mindy’s Twitter Profile Loopnet Resman BiggerPockets Webinars Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki Jab, Jab, Jab, Right Hook by Gary V. Fire Round Questions How do I vet a Syndication company? Syndicating CRE and having a real estate license Should I do a syndication? Is it standard practice for sellers of multi-family units to withhold P & L and other financial data until an offer is made? Tweetable Topics: “Don’t ever pay off a piece of real estate ever. Not even your personal residence.” (Tweet This!) “I’ve always syndicated everything.” (Tweet This!) Connect with Bruce Bruce’s BiggerPockets Profile Bruce’s Website Bruce’s Email Learn more about your ad choices. Visit megaphone.fm/adchoices

Mobile Home Parks can be one of the most profitable business models around, but learning to scale without losing all your time can be tough. That’s the story on today’s episode of the BiggerPockets Podcast, where we sit down with Jefferson Lilly to talk about how he’s acquired 2,600+ “pads” in the past few years and the lessons he’s learned in scaling. We also discuss the ins and outs of raising private money through a “fund,” which will both fascinate and educate you, so don’t miss a moment of it. Whether you want to buy mobile home parks or not, this is one show where the lessons will stick with you for life! In This Episode We Cover: Brandon’s mobile home park Reasons why you should consider buying a mobile home park The legality surrounding mobile home parks How Jefferson came to own about 2,300 pads What you should know about rent-to-own homes How Jefferson markets their properties Methods of payment for these rentals A discussion on RVs vs. mobile homes Jefferson’s thoughts on tiny houses Getting to a “Mobile Home Park 2.0” The 3 key hires for mobile home parks What managing these mobile parks look like Floods and other concerns when choosing a mobile home park How to fund these days How to find parks today And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Money Podcast BiggerPockets Blog Member Blogs BiggerPockets Podcast 111: A Unique (and Profitable) Real Estate Niche You’ve Probably Never Considered with Jefferson Lilly BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock Rent Manager Pay Near Me Loopnet BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss Best Places Equity Lifestyle Properties National Manufactured Home Owners Association Books Mentioned in this Show The Book on Investing with Low and No Money Down by Brandon Turner Never Split the Difference by Chris Voss Am I Being Too Subtle? by Sam Zell The Snowball by Alice Schroeder Tweetable Topics: “Don’t kick anybody out of your deal. Just scale everybody back.” (Tweet This!) Connect with Jefferson Jefferson’s BiggerPockets Profile Park Street Partners Homepage Mobile Home Park Investors Learn more about your ad choices. Visit megaphone.fm/adchoices

Here on the BiggerPockets Podcast, we spend a lot of time talking about buying properties—but what about needing to sell them? How does someone get top dollar and get their home sold quickly? Well, today on the podcast, we’re excited to dive deep into this topic with Mindy Jensen, the Community Manager at BiggerPockets and author of the newest book from BiggerPockets, How to Sell Your Home. You might know some of these tips—but others might just blow your mind (and make you thousands next time you sell a property), so grab a pencil and paper and get ready to take some notes! In This Episode We Cover: Mindy’s story How to pay zero dollars in capital gain taxes The tax exemptions involved with getting married What exactly a live-in flip is 16 ways to sell your property: Have a pre-listing home inspection Clean up your home Doesn’t pass the sniff test Great Pictures of your house Be available Be informative Know your competition Use an agent Ask your agent Price it right List in Peak market time Double check your listing information Stage those weird areas that don’t have an obvious use Leave during your showing Be prepared to walk away from an offer Tell everyone you know that your house is for sale Why Mindy wrote the book Bonuses! And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Money Podcast Email Support How to Buy Your First (or Next) Property by the End of the Year [The 90-Day Challenge!] (podcast) What I learned buying a house (blog) Books Mentioned in this Show How to Sell Your Home by Mindy Jensen Rich Dad Poor Dad by Robert Kiyosaki Long Distance Investing by David Greene Set for Life by Scott Trench The Book on Rental Property Investing by Brandon Turner The Millionaire Real Estate Investor by Gary Keller The Richest Man in Babylon by George S. Clason Fire Round Questions After taking initiative, landing the deal, and successfully completing renovations, how can you be sure your property is going to sell? Selling home with no agents How do people work on the timing of selling and buying a home? Selling challenge Tweetable Topics: “Try not to sell a house with a tenant in it.” (Tweet This!) “Home inspection is totally worth the dollars.” (Tweet This!) Connect with Mindy Mindy’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Bank robbers. Terrorists. Motivated sellers. No matter who you’re dealing with, negotiation is vital. As a real estate investor, the question is not if you’ll negotiate but how well will you negotiate—and after this episode, you’ll never negotiate the same again. Today, we’re excited to sit down with Chris Voss,former head of the FBI’s Hostage Negotiation Team and author of Never Split the Difference, to learn the stories, strategies, and tactics gleaned from decades of negotiating with the world’s most dangerous criminals. Then, we delve into how these lessons can help you in your own business and life. This show is a ton of fun and full of actionable tips that will instantly make you a better negotiator—whether sparring with your child, a buyer or seller, or a terrorist holding your family for ransom! In This Episode We Cover: A look at Chris’s background The story of the bank robbery in Brooklyn What the strategy of mirroring is What it means when a person doesn’t give his name How to use listening as an advanced skill Tips for applying negotiation to business settings The role negotiating plays in real estate The thing more important than the deal in negotiation The secret to gaining the upper hand in a negotiation Tips for negotiating in a real estate deal The power of deference What you should know about anchoring How to take advantage of rounds of bargaining Why you should consider odd number pricing Why no is more powerful than yes The learning curve for this skill And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast 259: Old-School Investing Wisdom from 60+ Years with Mike Anderson Eric Barker’s Blog BiggerPockets Podcast 256: The Surprising (Scientific) Truth Behind What Makes You Successful with Eric Barker Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki Never Eat Alone by Keith Ferrazzi Never Split the Difference by Chris Voss The 7 Habits of Highly Effective People by Stephen Covey Getting to Yes by Roger Fisher The Rise of Superman by Steven Kotler U2 by U2 by U2 & Neil McCormick Tweetable Topics: “If you want big stakes results, you need to practice in low stakes negotiation.” (Tweet This!) “The last impression is a lasting impression.” (Tweet This!) “There’s always something in a negotiation for everybody that is more important than actually making a deal.” (Tweet This!) “You get what you want by hearing the other side out.” (Tweet This!) “The secret to gaining the upper hand in a negotiation is giving the other side the illusion of control.” (Tweet This!) Connect with Chris Chris’s Newsletter Learn more about your ad choices. Visit megaphone.fm/adchoices

One of the most impactful moments for most real estate investors is meeting a “mentor,” someone older and wiser who can share with them the lessons they’ve learned. That’s exactly what today’s episode of The BiggerPockets Podcast is! Mike Anderson has invested in real estate for over 60 years, doing everything from buying 200 houses per month to owning a mortgage business to storage units and more. On today’s show, he dives into his story and the lessons he’s learned over the past half-century and offers insight and wisdom that newer investors need to hear. This conversation is fun, fast-paced, and filled with knowledge, so hang on for a wild ride! In This Episode We Cover: The story of buying a house for $3,250 (55 years ago) How to buy and sell 200 houses a month What he’s learned about people buying houses Why you should buy rentals in school districts A discussion on cash flow vs. appreciation The concept of “dialing for dollars“ Why it’s all a number’s game Things to note when buying from wholesalers The usual problems with investors Where to get the money for deals Why perseverance is key How to hire the right people How to continue buying 10 or more houses (and get bank financing) Why he’s concerned about the future And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Money Podcast BiggerPockets Podcast 221: Buy and Hold Real Estate—What Works and What Doesn’t with Tim Shiner BiggerPockets Podcast 242: How to Live an Incredible Life Now & Achieve Early Retirement with Josh Randall BiggerPockets Podcast 258: Six-Figure House Flipping with Gabe DaSilva CraigsList Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki Tweetable Topics: “The essential thing to make money is hard work.” (Tweet This!) “Don’t worry about commissions; worry about your customers.” (Tweet This!) “How are you going to buy real estate if you don’t know what your goal is?” (Tweet This!) “It doesn’t cause cancer to call people on the phone.” (Tweet This!) Connect with Mike Mike’s Company Website Mike’s Facebook Profile Mike’s Twitter Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Massive goals encourage massive action—and a massive plan to get there. That’s the truth behind today’s episode of The BiggerPockets Podcast, where we sit down with Gabe DaSilva, a New Jersey real estate investor who specializes in a unique niche of house flipping: “add-a-level” or “pop tops.” You’ll hear how Gabe shoots for a six-figure payday on each flip and how you can incorporate this strategy in your own business. Be ready to take some notes—this is an action-packed show! In This Episode We Cover: How Gabe got into the real estate business Tips for using your 401k as capital How he landed his first deal A discussion on doing things yourself How to finance your deals using hard money Gabe’s unique definition of hard money lenders The deals he’s made to this point Which properties are good candidates for rehabbing How to tell if it’s the right market to invest in What to check for in a good house foundation The “bathtubs story“ How to find deals through direct mail What his day looks like And SO much more! Links from the Show BiggerPockets Forums Rehab Estimator Calculator BiggerPockets Calculators BiggerPockets HardMoney Lenders International Builder’s Show Upgrade to Pro! Books Mentioned in this Show A Curious Mind by Brian Grazer The Book on Estimating Rehab Costs by J. Scott Set for Life by Scott Trench Rich Dad Poor Dad by Robert Kiyosaki The E-Myth by Michael E. Gerber Think and Grow Rich by Napoleon Hill Fire Round Questions Would you contribute to a 401(k) or not? What did you do wrong on your first flip? Flipping Houses Under One LLC Rehabbing a remediated meth house Tweetable Topics: “Sacrifice the life you have now so that you can live the life most can’t live later.” (Tweet This!) Connect with Gabe Gabe’s BiggerPockets Profile Gabe’s Facebook Profile Gabe’s Youtube Channel Gabe’s Instagram Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Investing outside of your local market can strike fear into the hearts of even the most savvy real estate investor. But long-distance investing doesn’t need to be extra risky! In fact, today’s guest argues that it might just be the most profitable investing you’ll ever do. Today’s guest, David Greene, a San Francisco real estate investor and agent, shares his incredible process for finding, rehabbing, and managing properties from thousands of miles away. His approach to building a “Core Four” is nothing short of genius and will transform how you run your real estate business, whether you are buying next door or 49 states away. This is one show that could change your real estate strategy forever! In This Episode We Cover: What David’s been up to since the last time he was in the show How to find the right people to help you find the right properties How to seek out top-notch lenders Tips for offering value to people hundreds of miles away A discussion on whether newbies can invest long distance The “Core 4” team members you’ll need when investing in real estate out-of-state David’s thoughts on turnkey companies How to overcome the fear of trusting someone you work with All about David Greene’s new book! And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors Long-Distance Real Estate Investing by David Greene Home on Discovery Bay, CA (House Hunter Episode with David Greene) Rentometer BiggerPockets Analysis BiggerPockets Podcast 248: From Shop Teacher to Multifamily Syndicator with Todd Dexheimer BiggerPockets Podcast 227: From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock Books Mentioned in this Show A Curious Mind by Brian Grazer The ONE thing by Gary Keller and Jay Papasan The 4-Hour Workweek Tim Ferriss The Millionaire Real Estate Agent by Gary Keller The Richest Man in Babylon by George S Clason Principles by Ray Dalio Fire Round Questions Out of town financing From NYC to out of state investing Help How does investing out of state impact your tax status? Out of state smaller properties? How important is it to have an in-state CPA? Tweetable Topics: “I’m putting a dream team together that runs on autopilot.” (Tweet This!) “The market itself is not quite as important as the success you’ll likely have in that market.” (Tweet This!) “It’s only risky if you’re lazy.” (Tweet This!) “You’re not going to make money right away when you start first doing anything new. It’s only going to be what you learn that will make money later.” (Tweet This!) Connect with David David’s BiggerPockets Profile David’s Facebook Profile David’s Company Website David’s Personal Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Why do some people achieve incredible success while most others struggle? Why do some reach their goals while others give up within days of setting them? Why do some people make WAY more money at work while others are stuck in the mailroom for 40 years? Those topics, among many others, are the focus of today’s episode of The BiggerPockets Podcast, where we sit down with Eric Barker, author of the WSJ bestseller Barking Up the Wrong Tree: The Surprising Science Behind Why Everything You Know About Success Is (Mostly) WrongW. Eric spends his life exploring the science and psychology behind what actually makes an individual successful, and today we explore those often-surprising truths as they relate to real estate, business, and all areas of life! In This Episode We Cover: Eric’s background What you should know about his book How to align yourself with what you’re good at The issue of grit The “3 Ps” (personal, permanent, and pervasive) The secret to forming habits How to create external accountability A discussion on systems vs. goals What you should know about introverts vs. extroverts How financial success can serve as a great defense Tips for not taking the day for granted How to become a super connector What makes somebody successful at work What “work-life balance” truly means The 4 metrics of success And SO much more! Links from the Show BiggerPockets Forums BiggerPockets’ Low Budget (Youtube Series) BiggerPockets Youtube Channel Stickk Fincon Noah Kagan Marginal Revolution Ryan Holiday Tim Urban’s Wait but Why? Josh Kaufman The Vietnam War Icarus Netflix Original The Armstrong Lie Command and Control The Bomb Gym Pact App Books Mentioned in this Show Barking Up the Wrong Tree by Eric Barker The Miracle Morning by Hal Elrod The One Thing by Gary Keller and Jay Papasan Deep Work by Carl Newport The Personal MBA by Josh Kaufman Drive by Dan Pink The Hard Thing About Hard Things by Ben Horowitz Give and Take by Adam Grant Tweetable Topics: “The single most motivating thing is the feeling of progress.” (Tweet This!) “The importance of the habit is consistency.” (Tweet This!) “In the end, it’s generally better to set up systems as opposed to goals.” (Tweet This!) “There is no fear with boredom.” (Tweet This!) Connect with Eric Eric’s Blog Learn more about your ad choices. Visit megaphone.fm/adchoices

How many hours per week does it take to be a successful real estate investor? The answer on today’s episode might surprise you. Today we’re sitting down with Elliot Smith, a real estate investor from Washington State who has an incredible story to tell about how he went from 70+ hour per week worker to “full-time” real estate investor who only works part-time. Elliot has an incredible outlook on life and business that’s contagious, so warning—you won’t leave this interview the same person. You’ll also learn how Elliot and his wife made over $100,000 their first year in real estate and the amazing tale of how they made over $100,000 in a single month. This show is as inspirational as it is educational (and filled with more than a few laughs!) so get ready to have your world rocked. In This Episode We Cover: How Elliot got started real estate investing Whether you should do house inspections Their next deals and a great wholesale deal How to wholesale with a full-time job The importance of being honest with your sellers What exactly wholesaling entails How he made $100k in just one month! How to invest part-time and earn full-time Tips for building relationships with private lenders Advice on flipping with no money down Tips on finding a mentor How to do 30 deals a year How Elliot finds deals His way of making the world better And SO much more! Links from the Show BiggerPockets Forums Brandon’s Instagram Profile Mindy’s Twitter Profile BiggerPockets Blog 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber I’m Not Your Guru Netflix BiggerPockets Bookstore Wholesaling Resources Podio Dropbox Open Letter Marketing Gary Vee Books Mentioned in this Show The Book on Rental Property Investing by Brandon Turner Finding and Funding Great Deals by Tarl Yarber Investing with Low or No Money Down by Brandon Turner The Millionaire Real Estate Investor by Gary Keller Pitch Anything by Oren Klaff Fire Round Questions How do you secure your rehabs? How do you determine what to do for repairs/improvements? I live in a booming ski town and am looking to flip condos, advice? With all the contracts, documents, invoices, and other paperwork, what is your filing system to stay organized from start to finish? Tweetable Topics: “If you’re asking if you need an inspector, then you need one.” (Tweet This!) “It all has to do with the intent. Is your intent to screw this person or is your intent to do the right thing?” (Tweet This!) “You’ll find really good people in this business who just love people and love helping.” (Tweet This!) “Money is not the most important thing. Friendship and relationships are the most important thing in this business.” (Tweet This!) Connect with Elliot Elliot’s BiggerPockets Profile Elliot’s Facebook Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Today’s guest needs no introduction, but this would look funny without one, so here we go! Today on The BiggerPockets Podcast, we sit down with Tim Ferriss, author of #1 New York Times Bestseller The Four Hour Work Week and his newest title, Tribe of Mentors and dive DEEP into the patterns that make high achievers accomplish so much. This show is unlike any other episode of our podcast, and we can’t guarantee you’ll be the same person when you finish. You’ll also discover Tim’s unique approach to real estate investing, as well as the books, apps, and routines that has made Tim one of the most influential thought leaders in our world today. In This Episode We Cover: How the gang connected with Tim Whether his mom would be impressed by his accomplishments Why he walks to the beat of his own drum His recent “silent” retreat The value of meditation What you should know about self-awareness training The ins and outs of the book Tribe of Mentors Patterns that are common amongst high achievers The importance of turning off distractions Principles to live your life by How to be truly effective Tips for using money to buy time The 3 advantages that you can have in any type of investing How Tim Ferriss invests What a good investment entails Indicators of a solid property How Tim would analyze real estate The fundamental differences in real estate as an asset class The “worthlessness” of hard work How to balance ambition and being contented And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore Duolingo Alibaba BP Podcast 213: Investing in Real Estate Without Being a Landlord with Noah Kagan BP Podcast 245: Creating Wealth that Lasts Generations with Bestselling Author Ryan Holiday The Summit Conference Headspace Tim Ferriss Show: Jocko Willink’s Episode Tim Ferriss Show: Jamie Foxx Episode Nuzzel Moment App Rescue Time App Freedom Time App Fiverr Tim Ferriss: BJ Miller’s Episode 99Designs Duodie on Instagram Books Mentioned in this Show Set for Life by Scott Trench The Book on Rental Property Investing by Brandon Turner The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han The Book on Flipping Houses by J. Scott Finding and Funding Great Deals by Anson Young The 4-Hour Work Week by Timothy Ferriss The 4 Hour Body by Timothy Ferriss The 4-Hour Chef by Timothy Ferriss Tools of Titans by Timothy Ferriss Tribe of Mentors by Timothy Ferriss Young Millionaires by Rieva Lesonsky Man’s Search for Meaning by Viktor Frankl Poor Charlie’s Almanack by Charles T. Munger The Better Angels of our Nature by Steven Pinker Principles by Ray Dalio Warren Buffett Speaks by Janet Lowe Richest Man in Babylon by The Radical Acceptance by Tara Brock Berkshire Hathaway Letters to Shareholders More Money Than God by Sebastian Mallaby Liar’s Poker by Michael Lewis Lifeonaire by Steve Cook Rich Dad Poor Dad by Robert Kiyosaki Tweetable Topics: “I don’t like having my sanity depend on luck.” (Tweet This!) “When you’re not thinking of the past, you’re not thinking of the future.” (Tweet This!) “It’s not that you don’t have time, it’s you don’t have priorities.” (Tweet This!) “It’s not how you do things, it’s what you do.” (Tweet This!) “Effectiveness over efficiency on all things.” (Tweet This!) “Thinking is actually asking questions and answering them in your own head.” (Tweet This!) “There’s no problem with hard work, as long as it applies to the right things.” (Tweet This!) “In the end, success is sleeping well.” (Tweet This!) “Worrying is praying for what you don’t want.” (Tweet This!) “It’s very hard to fail completely.” (Tweet This!) Connect with Tim Tim’s Website and Podcast Page Tribe of Mentors Learn more about your ad choices. Visit megaphone.fm/adchoices

Most of the guests here on the BiggerPockets Podcast have focused on residential properties—but there is a whole different world to explore in the commercial real estate space. That’s why we’re thrilled to bring you this powerful interview with an investor who’s truly crushing the commercial real estate industry! Our guest today is David Puchi, an investor who owns more than 50 neighborhood shopping centers (“strip malls”) throughout the United States. David tells how he built this massive portfolio and why he believes it is one of the best real estate niches to be a part of. This show will open your eyes to an exciting world you never knew existed. In This Episode We Cover: How David started real estate investing Why he brought a bank guarantor partner into his deal How he turned a shopping mall around What the “Amazon proofing strategy” is What he looks for in commercial properties The challenges of this strategy Who to hire to start investing in shopping centers What synergy is in reference to tenants How one tenant can affect the whole center A passive way to invest in triple net properties Tips on how to finance these deals Where he finds his deals How to analyze a neighborhood for shopping malls Tips for performing due diligence for this kind of deal The metrics you should study to figure out the health of a tenant Where he sees his business in the future And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Marketplace BiggerPockets Podcast 250: Grant Cardone on Multifamily Investing and Why You Should Never Buy a House! Books Mentioned in this Show The Book on Rental Property Investing by Brandon Turner Fire Round Questions I am planning to build a 10~12K sqft strip with 6 units, which type of business will be well fit? What is protocol for charging and collecting overdue rent? How to lease retail store to franchise How to determine value of a commercial property w/ no list price? Adding appreciation to a commercial property Are current tenants a big factor in the sellability? Tweetable Topics: “Having reasonable leverage makes more sense than over leverage.” (Tweet This!) “Basic property management experience is a great launching pad in owning commercial properties.” (Tweet This!) “You can’t rely on the market to force appreciation.” (Tweet This!) Connect with David David’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

People spend years thinking about buying real estate—but many never take the first step. Not today’s guest, though! Today, we sit down with Craig Curelop, a new investor in the expensive Denver market, as he shares his story of buying his very first “house hack” and how’s he’s actually getting PAID to live for free. You’ll also learn some other creative way Craig is generating extra income each month (including renting out his car!) on his quest for financial freedom. It’s a super inspiring story with a plethora of tips, so don’t miss a moment of it! In This Episode We Cover: Craig’s story and how he found out about BiggerPockets What he does at BiggerPockets How he house hacked his first home in Denver Tips for finding a good agent How to find a good lender What exactly PITI is How he’s generating rent from his place His method of fast tracking his way to financial freedom How his Airbnb system works, including how he handles cleaning Tips for turning liabilities to assets How he rents out his car A discussion on having a frugal lifestyle His future plans for real estate investing And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Marketplace 12 Easy Tips to Reduce Your Vacancy Rates and Find Great Tenants (blog) Airbnb Craigslist Turo Books Mentioned in this Show The Book on Rental Property Investing by Brandon Turner Set for Life by Scott Trench The 10x Rule by Grant Cardone The One Thing by Gary Keller Rich Dad Poor Dad by Robert Kiyosaki Never Split the Difference by Chris Voss The Four Agreements by Don Miguel Ruiz &? Janet Mills Fire Round Questions Do I need to disclose to my “roommates” that I am the landlord and owner? Is it a good deal to get a duplex (for the purpose of house hacking) if you paying small amount from your pocket every month to cover all the costs? Has anyone put a kegerator in their Airbnb? What would you recommend: pool, hot tub or none? Tweetable Topics: “The first step to buying a property is to find a lender and to find an agent.” (Tweet This!) “To find the lender that’s right for you, you have to have the criteria you’re looking for.” (Tweet This!) “Everyone has a unique advantage in their life.” (Tweet This!) Connect with Craig Craig’s BiggerPockets Profile Craig’s Facebook Profile Craig’s LinkedIn Profile Craig’s Twitter Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

How do you build up an arsenal of relevant landlording knowledge? Through hands-on experience. Eric Drenckhahn is a “DIY landlord” who has managed his mid-sized portfolio for years and who has come across countless maintenance and landlording issues. Join us in picking his experienced mind across a myriad of real estate issues and learn how to become a successful DIY landlord. In This Episode We Cover: How Eric got started investing in real estate Thoughts on buying properties for what they’re worth The reason he waited for 8 years before investing again Why the real estate crash didn’t hurt him Tips for determining your CapEx How to become a DIY maintenance landlord A discussion on DIY vs. hiring it out What you should know about managing properties Instances where doing it yourself goes a long way What’s next for with Eric And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Calculators LoopNet Books Mentioned in this Show Set for Life by Scott Trench Emerging Real Estate Markets by David Lindahl Fire Round Questions Who is responsible: tenant or landlord? How much do you collect as a holding deposit/fee, and what do you call it? What do your unit turnovers actually cost? Refinish hardwood or install LVP? Best flooring for a rental? Tweetable Topics: “To make money, you need to have positive cash flow.” (Tweet This!) “Landlord can weed out the simple things.” (Tweet This!) “Managing property is no problem.” (Tweet This!) Connect with Eric Eric’s BiggerPockets Profile Eric’s Personal Website Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s the episode you’ve been waiting for: Grant Cardone is BACK on the BiggerPockets Podcast! Last time Grant was on the show he owned $350 million in real estate. Now, with over $600 million, he’s just warming up! From the moment this show begins, it’s a high-powered, fast-moving, high-level (and hilarious) explosion of information and entertainment aimed to motivate, educate, and inspire you to greatness. You’ll hear why Grant thinks buying a house is one of the stupidest decisions one can make, his plan for avoiding the next real estate decline, and why he says NOW is the best time to invest in real estate—plus a lot more.   In This Episode We Cover: What’s new with Grant A discussion on the next real estate crash? How to make money in today’s market Why a low cap rate matters How many offers he makes How to get going on big deals Why you need to go big The mistakes amateurs are making Various ways to learn more about properties without an agent Why you should partner with someone with money Areas to invest Why you shouldn’t buy a house The power of mobility And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone BiggerPockets Events LoopNet HFF ARA CBRE Cushman & Wakefield BiggerPockets Podcast 246: Surviving the Coming Crash, Earning 20% Returns, and Buying Mobile Home Parks with Kevin Bupp Books Mentioned in this Show The 4-Hour Workweek by Timothy Ferriss The Richest Man in Babylon by George S. Clason Tweetable Topics “In good times, everybody’s a showoff.” (Tweet This!) “The professional investor has to be willing to move to other markets.” (Tweet This!) “Not being known at all is going to hurt you.” (Tweet This!) “You don’t need a home.” (Tweet This!) “Houses were for the banks and weren’t for the people.” (Tweet This!) Connect with Grant Cardone Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Why do you want to invest in real estate? Is it just about having a lot of units—or is it about creating a life you can be proud of? On today’s episode of The BiggerPockets Podcast, we sit down with Josh Daniels, a real estate investor in Montana who, along with his wife Summer, has chosen to buy fewer but better deals on a quest for financial freedom. You’ll hear about Josh’s highly creative actions that turned their first deal into a cash-cow, as well as the shift to (and reason for) investing in single family houses. You’ll love Josh’s attitude toward financial freedom, as well as his message that you don’t need hundreds of units to be free. In This Episode We Cover: How Josh got started investing right out of college The story behind his killer first rental Rental rates for this property How they earned $80k on their next deal What exactly a live-in flip is How they manage their properties A discussion on tenant drama in multi- vs. single-family properties Josh’s “why” in his investing How to handle emotional attachment to deals Tips on financing deals through the BRRRR method His thoughts on Dave Ramsey’s advice for paying off loans And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore 500k Net worth in 5 years (I’m 30 today!!!) (Forum Post) Dave Ramsey From Shop Teacher to Multifamily Syndicator with Todd Dexheimer Books Mentioned in this Show The Millionaire Mind by Thomas J. Stanley The Millionaire Next Door by Thomas J. Stanley Brandon’s Book on Rental Property Investing The Total Money Makeover by Dave Ramsey Fire Round Questions New member – Looking for advice on getting started How many chances do you give a tenant who pays late? This house has no takers Tweetable Topics “Ignore everything on the MLS. Drive every street and check out dilapidated properties.” (Tweet This!) “Life is not a competition.” (Tweet This!) Connect with Josh Josh’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Looking to scale up your real estate investing business? If so, don’t miss this incredibly powerful episode of The BiggerPockets Podcast. On today’s show, you’ll meet Todd Dexheimer, who started investing in real estate while working a full-time job as a shop teacher at a Minnesota High School. Todd walks us through his journey of quitting his job and scaling his business to hundreds of flips and rental properties in just a few short years. You’ll hear how Todd analyzes markets before deals, how he puts together the financing on large multifamily purchases, and how he builds a solid team—no matter how far he’s located from the property. In This Episode We Cover: How Todd got started in real estate How he found and financed his first deal What exactly a 203k loan is How he bought a rental and a flip How to three projects at the same time while working a full-time job What his investing life looks like today How he scaled his investing to hundreds of purchases How he was able to gradually quit his job Tips for digging deeper with midsize multifamily properties What he looks for in a property Advice for getting the overall picture of the market (a unique way to study markets) How Todd manages to invest out-of-state How to get the right people on your team Why he chose Cincinnati The story behind his 84-unit contract How he manages his projects His ski resort story Todd’s vision of owning $200 million in real estate And SO much more! Links from the Show BiggerPockets Forums CBRE Marcus & Millichap ARA Rental Colliers Redi Cincinnati LoopNet Trulia Raising Money to Buy 1,000 Apartment Units with Brian Adams Books Mentioned in this Show Set for Life by Scott Trench Finding & Funding Great Deals by Anson Young (discounted!) Emerging Real Estate Markets by David Lindahl Rich Dad Poor Dad by Robert Kiyosaki The ABCs of Real Estate Investing by Ken McElroy How to Win Friends & Influence People by Dale Carnegie Fire Round Questions Is a roof deck on a multifamily worth building? What services could a person provide that would not be considered acting as a property manager? Short Term or Long Term Lease? Flipping a house with extensive mold (advice or order of repairs) Adding sqft to a home Owner wants to sell 9 mos from now…best way to tie up property? Tweetable Topics “It’s not just about good cash flow; it’s about your ability to get out of that investment in the future.” (Tweet This!) “It’s all a referral business. People talk about people they like and trust.” (Tweet This!) “If you’re going to try to raise money, you’ve got to have people who know what you do.” (Tweet This!) “Getting good tenants is the best strategy.” (Tweet This!) Connect with Todd Todd’s BiggerPockets Profile Todd’s Company Website Todd’s Linkedin Profile Todd’s Podcast Learn more about your ad choices. Visit megaphone.fm/adchoices

Today’s podcast is unlike anything you’ve heard before. Today, we’re not interviewing anyone. Instead, we’re going to motivate, educate, and inspire you to take some MASSIVE ACTION and sprint to the end of the year! Why 90 days? Because the end of 2017 is just three months away, and we know that many of you had some big goals you wanted to accomplish by the end of the year—but you are falling behind. Or maybe you’ve crushed your goals and you are ready to up the ante to hit an even higher goal. On this podcast, you are going to discover : Why the next three months are the best time of the year to buy real estate How to build a step-by-step plan (including daily action steps) to accomplish your goal How to build a lead funnel that will generate consistent leads for your business And much more. This episode is an invitation to join thousands of others in the BiggerPockets community to take the “90 Day Challenge,” a three-month sprint to hit your 2017 goals. This episode is unlike anything we’ve done before—and we think you’re going to love it. Amateur-hour is over. It’s time to take massive action. In This Episode We Cover: 4 powerful reasons why Q4 is the best time to buy real estate… but only if you do this one thing Create a goal for the end of 2017 … and we’ll build a week-by-week, dayby-day plan to get there Learn how to build a real estate funnel that delivers leads on autopilot Discover how BiggerPockets can propel you to greater success, faster And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Calculators 7 Years to 7 Figure Wealth 90 Day Challenge Worksheet 90 Day Challenge Slides Books Mentioned in this Show The book on investing with low or no money down by Brandon Turner The book on Rental Property Investing by Brandon Turner Tweetable Topics: “Life doesn’t get better by chance. It gets better by change.” (Tweet This!) “A goal without a plan is just a wish.” (Tweet This!) “Every property has a ‘home run number.'” (Tweet This!) Learn more about your ad choices. Visit megaphone.fm/adchoices

When most investors hear the words “mobile home park,” they turn and run the other way. But not today’s guest, who’s found incredible success buying (and repositioning) mobile home parks. You’ll learn how Kevin Bupp got his real estate started with single family homes (eventually owning hundreds) and how that led to major problems in the last real estate crash. You’ll also find out how he’s making sure the next crash is different. Discover the incredible power of mobile home parks in generating huge returns in this less-popular real estate niche by learning Kevin’s story. If you are looking to generate huge amounts of cash flow, this is an episode you can’t afford to miss! In This Episode We Cover: The difference between trailer parks and mobile home parks How Kevin got started Why to not choose single family homes How to “stress test” your deals How (and why) he got into mobile home parks The target market for this investment Some objections to owning a mobile home park The average vacancy Kevin deals with Tips for financing mobile home parks The challenges of analyzing mobile home parks How a mobile home park is valued Advice for adding value to parks What you want to consider when investing mobile home parks How to find mobile home parks And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Facebook BiggerPockets Books BiggerPockets Webinar BiggerPockets Pro Replay Podio Insightly Commercial Real Estate Investing With Frank Gallinelli Credit Karma Breakthrough App Books Mentioned in this Show Set for Life by Scott Trench The Book on Rental Property Investing by Brandon Turner What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli The Slight Edge by Jeff Olson Tweetable Topics: “There’s like a million and one ways to make money in real estate. You just have to pick one and give it some time.” (Tweet This!) “We want to be in front of the sellers when they either decide to sell or need to sell.” (Tweet This!) “Everyone goes through challenges in their business.” (Tweet This!) “Tomorrow probably will provide the answer if you don’t give up today.” (Tweet This!) Connect with Kevin Kevin’s BiggerPockets Profile Kevin’s Personal Website Kevin’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you in this business to make a quick buck—or are you looking to build generational wealth for you and your family? If the latter is true for you, don’t miss a moment of this powerful show with bestselling author Ryan Holiday. Ryan, best known for his books, such as The Obstacle Is the Way: The Timeless Art of Turning Trials into TriumphA, Trust Me, I’m Lying: Confessions of a Media Manipulatorr, Ego Is the Enemye, and Perennial Seller: The Art of Making and Marketing Work that Lasts , is also a part-time real estate investor and lender. In this show, we cover a large variety of topics including hard money lending, vacation rentals, writing books, how the awareness of death can make life better, stoicism, and much, much more. In This Episode We Cover: Ryan’s background The importance of learning from other people His experience as Director of Marketing for American Apparel Tips on looking for a mentor His first real estate adventure His thoughts on Airbnb How he gets leads for loans How to do what you love through passive income The story behind The Obstacle is the Way How to react to economy collapse Advice to investors who only see the obstacle How to control your ego Why you should do the right thing despite not sharing it And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Facebook BiggerPockets Books BiggerPockets Webinar Josh’s Instagram Profile Brandon’s Instagram Profile Derek Sivers Books Mentioned in this Show Set for Life by Scott Trench Finding and Funding Great Deals by Anson Young The Obstacle Is the Way by Ryan Holiday Trust Me, I’m Lying by Ryan Holiday Ego is the Enemy by Ryan Holiday Perennial Seller by Ryan Holiday The 48 Laws of Power by Robert Greene Cashflow Quadrant by Robert Kiyosaki Rich Dad Poor Dad By Robert Kiyosaki The Millionaire Next Door by Thomas J. Stanley Fooled by Randomness by Nicholas Taleb The Black Swan by Nicholas Taleb Antifragile by Nicholas Taleb Billion Dollar Lessons by Paul B. Carroll & Chunka Mui Fire Round Questions Best Way to Invest a Large Lump Sum of Money ($100-$300K)? Tweetable Topics: “Any fool can learn by experience. I prefer to learn by the experience of others.” (Tweet This!) “Every single business is hiring if you can help them make more than you cost.” (Tweet This!) “A mentorship is not a destination, it’s a process that ensues.” (Tweet This!) Connect with Ryan Ryan’s Instagram Profile Ryan’s Website Daily Stoic Learn more about your ad choices. Visit megaphone.fm/adchoices

There are a lot of reasons to love being a real estate investor. One of the most impressive is the “unfair” tax treatment investors get by the US Government – and we mean that in a good way! On today’s episode of The BiggerPockets Podcast, we sit down with CPA Linda Weygant to learn more about those incredible tax benefits. You’ll also hear how she discovered the power of real estate through her clients, and how that led her to begin her own investing journey. Linda shares how she navigates the messy world of investing in properties that have HOAs, as well as how she uses her “unfair advantages” to succeed where others fail. Finally, as a CPA, we have a special “tax-focused-Fire-Round” where we talk about LLCs, deductions, and much more! In This Episode We Cover: How Linda got into real estate Why the government likes real estate investors What her first deal looked like What to look out for when using credit cards for rehabs Should you be debt free before investing? Debt to income ratio Why she chose a townhouse as a first investment Her HOA story The landlord vs HOA mentality How she got her positions in the HOA boards Rent-By-The-Room apartments How to manage Rent-By-The-Room Investing with family and getting an LLC How one should handle their business Where she’s headed in the next 10 years And SO much more! Links from the Show BiggerPockets Forums Sept. 27, 2017 NYC Meetup w/Brandon Turner (Darren’s Event) BiggerPockets Calculators Partnerships, Landlording, and Getting Started in Real Estate with Meghan McCallum Meghan McCallum’s BiggerPockets Profile BiggerPockets Meetup Events Brandon Hall’s BiggerPockets Profile Books Mentioned in this Show Set for Life by Scott Trench The Book on Rental Property Investing by Brandon Turner Finding and Funding Great Deals by Anson Young The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland The 4-Hour Workweek by Timothy Ferriss You’ve Got This by Will Matthews Fire Round Questions Writing off a firearm? Meet 750hrs on a Single Rental Property? Is education cost a tax deductible business expense? Tweetable Topics: “The costs to maintain a property go up every year.” (Tweet This!) “Always be open for something new.” (Tweet This!) “Always treat your tenants with respect.” (Tweet This!) Connect with Linda Linda’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Let’s be honest: not everyone is trying to buy hundreds or thousands of properties. In fact – just a small handful of incredible deals can help build impressive wealth AND great income. That’s the story you’ll hear today as we speak with Joe “JD” Martin, a real estate investor who’s building wealth while working his full-time job. As you’ll hear, JD had a rough start to his investing, losing over $100,000 on his first “deal,” but came back to create a stable, cash-flowing portfolio of single family houses that has given him financial freedom and over a million dollars in wealth. If that sounds like a plan you can get behind – don’t miss a moment of this powerful episode! In This Episode We Cover: Losing six figures on the first deal The number one problem of that failed deal How Joe got back into investing again and the strategy he chose The details on his first rehab Landlords who hate being landlords How the quality of tenants matter The importance of knowing who you want to rent to Having a day job while investing A Simple investing strategy How he finances his properties What is Cashflow Recycling? The freedom to do what you love to do And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Pro Replay Josh’s Instagram Profile Brandon’s Instagram Profile Brandon’s Twitter Profile Josh’s Twitter Profile BiggerPockets Calculators and Analysis Tools Zillow Trulia Realtor Books Mentioned in this Show Real Estate Investing For Dummies by Eric Tyson & Robert S. Griswold Your Money or Your Life by Vicki Robbin, Joe Dominguez, & Monique Tilford The $100 Startup by Chis Guillebeau The Millionaire Next Door by Thomas J. Stanley & William D. Danko The 4-Hour Workweek by Timothy Ferriss Fire Round Questions Can I get started in real estate with $20k… and how? What’s your best advice for tenant screening? Electric vs Natural Gas Range/oven for tenants Tenant’s dog bit me on the leg Tweetable Topics: “A great place to live may not be a great place to sell to make some money.” (Tweet This!) “There’s no one path that works for everyone.” (Tweet This!) “You’re really just competing against yourself. There’s no competition.” (Tweet This!) Connect with Joe Joe’s BiggerPockets Profile Joe’s Personal Website Joe’s Band Learn more about your ad choices. Visit megaphone.fm/adchoices

Money doesn’t buy happiness – but it can give you the freedom to live a truly extraordinary life, something our guest today can really speak to! We sit down with Josh Randall, an investor from Kentucky with nearly 100 units who also works as a full-time business owner. You’ll love Josh’s mindset when it comes to buying cars, travel, and more through real estate, as well as his “goal-focused” investing that will get him fully retired by the age of 48 (with $50k a month in cash flow!) Josh is incredibly fun and also highly informative, so don’t miss a second of this show which Brandon calls “one of his top episodes ever!” In This Episode We Cover: How Josh got started in real estate through buying a Corvette Details on his first deal – a mini mall Selling bath tubs while property was still empty How many properties Josh currently owns Juggling business and real estate investing Facebook Marketing to find deals The Plumber story His strategy His monthly cashflow The ‘why‘ behind his investing Making assets pay for the liability His strategy in finding deals The types of houses he buys Adding one more bedroom to a house What is a knockdown? Managing a business with 70 employees and real estate investing The Limo Hummer And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Youtube Channel BiggerPockets Facebook Profile Buy and Hold Real Estate—What Works and What Doesn’t with Tim Shiner BiggerPockets Webinar Tenant Cloud Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki 50 Things They Didn’t Teach You in School by Tim Shiner Playing to Win: Jerry Jones and the Dallas Cowboys by David Magee Fire Round Questions Oil tank in basement – should I remove? Investing/Flipping Manufactured home. Good or bad idea? Buyer asks for inspection report items to be repaired. Tweetable Topics: “Real estate is a piece of cake. I can do it with my eyes closed!” (Tweet This!) “There’s always a way to add an additional bedroom.” (Tweet This!) “Not everybody is the same person.” (Tweet This!) Connect with Josh Josh’s BiggerPockets Profile Central City Rentals Facebook Page Josh’s Company Website Josh’s Personal Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Is it possible to go from firefighter to real estate mogul? Just ask Jeff Wallenius, who started with a single flip, financed entirely with hard money. He was able to parlay that early success into a profitable flipping business and has been flipping 10-12 houses a year in the Portland market for the last five years. Now, he’s set his sights even higher, has created a couple of funds, and is buying cash flowing turnkey real estate around the country. In This Episode We Cover: Jeff’s transition from firefighting to real estate investing His first flip What exactly a “cash flow negative” spouse is The numbers on that first deal How he sold it How to price your property Why he went back in 2012 after the crash The indicator of a good partner How he scales his flipping business What he thinks buying out-of-state Tips for “riding along” with someone to learn more How to build an investment fund Why he sees safety and performance as his bull’s eye What turnkey is and how someone can vet one His next goal: acquiring 150 houses in his portfolio And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Forms BiggerPockets Conversations Farmers Only Lessons Learned from 40+ Years as a Real Estate Investor with Jay Hinrichs Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki Set for Life by Scott Trench Talent is Overrated by Geoffrey Colvin Fire Round Questions Long distance rehab: hire project manager, or pass? Let’s get real about starting out Tweetable Topics: “You don’t want to be the cheapest property in the market.” (Tweet This!) “I’d like to align myself with people that have good morals that are going to do the right thing when it’s hard.” (Tweet This!) “Flipping is great, but when we stop flipping, the money ends.” (Tweet This!) Connect with Jeff Jeff’s BiggerPockets Profile Jeff’s Company Jeff’s Facebook Profile Jeff’s Twitter Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Financial debt (like student loans or credit cards) is irritating, expensive, and flat-out dangerous. But you don’t have to be stuck paying the minimum payments for decades like most Americans. Today, we’re excited to introduce you to Brentin Hess, a young investor who “flipped his way out of student loan debt” and has already been able to quit his job thanks to his real estate investments. You’ll learn how Brentin used a partnership to begin his house flipping journey, as well as the mistakes that cost him time and money in the beginning. Brentin is incredibly inspiring, so take time to listen to this entire episode—and prepare to have a fire lit beneath you! In This Episode We Cover: Tips for getting into real estate at a young age Brentin’s experience of having a real estate license at 19 years old How his first partnership came to fruition How to deal with contractors when you’re young The details of his first deal Tips for leveraging capital What exactly a Guidance Line of Credit is The importance of building relationships Why he shifted from flipping to rental properties How he financed a multifamily deal Tips for finding the right partners When you should consider the rent as stabilized How he quit his job The story of how Gary Vaynerchuck was a guest for his event And SO much more! Links from the Show BiggerPockets Forums How to Achieve Greater Success by Doing Less with Devin Elder Achieving Financial Freedom at Age 32 with Austin Fruechting A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod Gary Vaynerchuk’s Podcast From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman How Modeling Greatness Can Get You To 100+ Deals with Matt Aitchison Overcoming Inaction, Direct Mail, and Becoming an Successful Wholesaler with Tim Gordon Brandon’s Twitter Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki Crush It! by Gary Vaynerchuk The Millionaire Real Estate Investor by Gary Keller How to Make Big Money in Small Apartments by Lance Edwards Change Your Habits, Change Your Life by Tom Corley The 7 Habits of Highly Effective People by Stephen Covey Fire Round Questions Which mortgage should I pay off first? Rental or my own? Credit card to fund renovations—lots of questions! How can I avoid the mistakes that YOU made? Tweetable Topics: “A lot of people who are into real estate sales don’t even get into investing.” (Tweet This!) “Flipping is transactional.” (Tweet This!) “Time is a finite resource.” (Tweet This!) “Life is boring if you’re not being creative.” (Tweet This!) Connect with Brentin Brentin’s BiggerPockets Profile Brentin’s Instagram Profile Brentin’s Facebook Profile GoRecn Learn more about your ad choices. Visit megaphone.fm/adchoices

Many people dream of achieving financial freedom, but how many actually get there? Today on The BiggerPockets Podcast, you’ll meet one man who did just that. Austin Fruechting began buying rental properties less than 10 years ago, but by the age of 32 was able to retire on the cash flow coming in. You’ll learn just how he was able to do this by reverse engineering success, buying rental properties in bulk, and using the BRRRR strategy to minimize the cash he needed to buy his properties. Whether you are looking to achieve financial freedom at 32, 52, or 72, this podcast is one you don’t want to miss! In This Episode We Cover: How Austin got started in just 9 months  The details of his first deal Tips for accessing lines of credit as a newbie What you should know about unsecured lines of credit How he finds the deals Why he doesn’t invest in turnkey properties How to map out the passive income financial freedom involves What it’s like to achieve financial freedom at 32 What exactly a long-term buy and hold is How to find a good property manager The best deal Austin’s ever done And SO much more! Links from the Show BiggerPockets Forums Slow Hustle Podcast Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki Thinking, Fast and Slow by Daniel Kahneman Fire Round Questions German roaches – tardy tenants Newbie Wondering Where I Should Invest? Newbies: What is the competitive advantage? Best advice you were given? Tweetable Topics: “The fear is always going to be conquered by knowledge.” (Tweet This!) “When the right deal is there, I do whatever it takes to get it done.” (Tweet This!) “As long as you keep proving yourself, it opens some other doors.” (Tweet This!) “All of the pros started as complete novices and beginners too.” (Tweet This!) Connect with Austin Austin’s BiggerPockets Profile Austin’s Blog Austin’s Instagram Profile Austin’s Facebook Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Is it possible to invest in real estate if you live in an expensive market—and earn a teacher’s salary? According to today’s guest, it’s not only possible, but it can be incredibly profitable! Today’s guest, Michael Swan, is a P.E. teacher who lives in San Diego but has used the valuable real estate concept known as “trading up” to acquire millions of dollars in real estate. You’ll learn why Michael liquidated his entire retirement plan to buy his first few deals, the truth about “luck” and real estate, and some fantastic tips for buying and managing properties—even from a distance. (And if you work a full-time job or make less than $100,000 per year, this show might just change your life!) In This Episode We Cover: Why Michael’s nickname is Swanny How he realized his financial ladder was leaning on the wrong building Tips for utilizing IRAs and penalties Whether purchasing 11 condos is a good idea or not The story of the 15-unit apartment complex How he went from $5k in cash flow to $24k Whether luck had to do with his great deals Tips for buying areas in with both cash flow and appreciation His formula for financial freedom (using multifamilies) A discussion on single families versus multifamilies How to find deals in your market Tips for seeking out the perfect property manager How many units he has now How to tackle big projects How he manages his work with his time as a teacher And SO much more! Links from the Show BiggerPockets Forums Zillow Craigslist Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki Multi-Family Millions by David Lindahl Loopholes of Real Estate by Garrett Sutton The 7 Habits of Highly Effective by Stephen Covey Think and Grow Rich by Napoleon Hill The 10X Rule by Grant Cardone Fire Round Questions What strategies do you use to find the “right” property manager? Is a skunk in the yard my responsibility? Apartment bedrooms 2, 1 or studios Investing in San Diego Investing in rental income properties out of state Tweetable Topics: “Living in San Diego, if I am able to do it, anybody can do it.” (Tweet This!) “Luck is when preparation meets opportunity.” (Tweet This!) “Make sure you make connections with everybody.” (Tweet This!) “I don’t take advice from someone that has less than me.” (Tweet This!) Connect with Michael Michael’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of The BiggerPockets Podcast, we’re excited to talk about two incredibly powerful strategies any real estate investor (new or experienced!) can use to grow their business: partnerships and BRRRR investing. Today’s guest, Ian Reeves, used a combination of both these strategies to build an incredible portfolio in just the past few years, having started after listening to this very podcast. This episode is sure to blow your mind with both education and entertainment, so sit back and prepare to have your world rocked forever! In This Episode We Cover: How Ian got started The details of his first property Why house hacking is a good idea How he has 65 units already Why he chose partnership Tips for finding the right partners through BiggerPockets The pros of being a part of an REI meetup What you should know about the BRRRR strategy A look into whether you should buy expensive properties Where he got his initial loan The dangers of commercial loans The importance of having the right mindset The secret to scaling quickly The worst deal he has ever done And SO much more! Links from the Show BiggerPockets Forums Creation Festival Northwest 10th Avenue North Fincon House Hacking 101 Brandon’s Instagram Mindy’s Instagram BiggerPockets Events 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod Tim Ferriss Show: Derek Sivers How to Find and Fund Real Estate Deals with Anson Young Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki The Millionaire Real Estate Investor by Gary Keller The Miracle Morning by Hal Elrod Set for Life by Scott Trench The One Thing by Gary Keller and Jay Papasan The Book on Rental Property Investing by Brandon Turner The 4-Hour Work Week by Tim Ferriss Mastery by Robert Greene 80/20 Sales and Marketing by Perry Marshall Fire Round Questions Mailing campaign – letter, post cards (Still a good idea?) I just turned 22, what is the best path for a strong portfolio? How the Heck Are You Doing 5-10 BRRRRs Per Year?! Looking for networking advice Partnership Learning Process Tweetable Topics: “It’s a dangerous situation when you are not reinvesting your profits.” (Tweet This!) “Fifty percent of a deal is better than 100 percent of no deal.” (Tweet This!) “Just tell the people what you’re doing and they can sense the passion.” (Tweet This!) “All the information that you could ever want is already out there. It’s up to you if you implement or not.” (Tweet This!) Connect with Ian Ian’s BiggerPockets Profile Ian’s Facebook Profile Ian’s Youtube Channel Learn more about your ad choices. Visit megaphone.fm/adchoices

How does one scale a real estate investing business to hundreds of thousands of dollars in profit in under two years? That’s the topic on today’s episode of The BiggerPockets Podcast, where you’ll hear just how Lance Wakefield, a real estate wholesaler in the Dallas area, accomplished that amazing feat. You’ll hear Lance’s powerful story of hitting rock bottom through numerous tragedies that hit him all at once and the devastation that caused—but you’ll also hear how he went from having just $3,500 to his name to earning over $400,000 in profit in less than 18 months. This show is motivating, educational, powerful, and moving—so don’t miss a moment of it. This is one show you’ll want to bookmark and listen to over and over and over again! In This Episode We Cover: What Lance did before real estate investing How he learned to flip homes at the age of 15 The concept of “house hacking” car dealerships The life tragedies that led him to lose everything Why stupid deals provide priceless teaching moments How to achieve massive success in just 21 months Why he teamed up with his wife The story behind their first deal What to know about the 2% Rule What you get when you spend $50k/month on marketing How to build out your processes How to obtain the right mailing list The software he uses to build his deal funnel How he determines the needs of the seller How to make real estate investing a business What’s next for Lance And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Hard Money Lenders Advertise on BiggerPockets Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael Quarles BiggerPockets Meet Pipedrive BiggerPockets Webinars J. Scott’s BiggerPockets Profile A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod Books Mentioned in this Show Trump-Style Negotiation by George Ross Multipliers by Liz Wiseman Traction by Gino Wickman The Miracle Morning by Hal Elrod Set for Life by Scott Trench Fire Round Questions Proof of funds letter Building a buyers list Questions to ask an accountant Best way to find Contractors in this busy market Tweetable Topics: “It was stupid to do as a deal. But as a learning experience, it was priceless.” (Tweet This!) “Our goal is to meet the need of the seller.” (Tweet This!) “When you are not focusing on the revenue, you are focusing on the wrong thing.” (Tweet This!) “Negotiation is everything. It is the key to real estate.” (Tweet This!) Connect with Lance Lance’s BiggerPockets Profile Lance’s LinkedIn Profile Lance’s Facebook Profile Lance’s Instagram Profile Lance’s Phone Number: 469-478-2143 Learn more about your ad choices. Visit megaphone.fm/adchoices

From the millions of people who come to BiggerPockets each month, there are two issues that we hear about over and over and over: People can’t find deals, and they can’t find money. So today on the BiggerPockets Podcast,we’re excited to dive deep into these two issues with a good friend of BiggerPockets—Anson Young. Anson is an experienced investor (and new author!) who shares his best tips for finding real estate deals, even in a competitive market. You’ll learn his best direct mail tips, advice for talking with sellers, and much, much more! In This Episode We Cover: Who is Anson Young? How many deals he has done so far The most common mistakes made when finding deals How to set the right criteria Where to find great properties How to cut through the competition Tips for using CRMS and checklists for direct mail marketing Where Anson gets his lists What exactly a probate is How to maximize networking and referrals How to use bandit signs the right way The bonuses you’ll get with Anson’s book What you need to know about funding deals And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Store ListSource BiggerPockets Podcast 034: Virtual Real Estate Investing and How to Find Great Deals in a Hot Market with Anson Young BiggerPockets Podcast 096: Finding Deals, Wholesaling and House Flipping in a Hot Market With Anson Young BiggerPockets Podcast 144: Getting Out of Your Comfort Zone and Kicking Butt at Real Estate with Danny Johnson BiggerPockets Podcast 232: The Four Lead Sources Nathan Brooks is Using to Flip 120 Houses a Year Podio Books Mentioned in this Show Finding and Funding Great Deals by Anson Young The book on investing with Low or No Money Down by Brandon Turner The Checklist Manifesto by Atul Gawande Rich Dad Poor Dad by Robert Kiyosaki The Obstacle Is the Way by Ryan Holiday Ego Is the Enemy by Ryan Holiday Tweetable Topics: “Step one is always finding out where you want to be for what you want to do.” (Tweet This!) “The more work it takes, the less competition I have.” (Tweet This!) “I don’t trust anyone’s numbers.” (Tweet This!) Connect with Anson Anson’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

People often toss around the term “passive income” when it comes to owning rental properties. And, in truth, there are ways to make managing tenants passive. But for the majority of investors, being a landlord can be tough. On today’s show, we talk with Ryan Murdock, an investor and property manager from Maine about the lessons he’s learned building up his rental portfolio. Ryan also shares his story of going to the brink of financial ruin with a “no money” deal and how to avoid losing your shirt when doing creative financing. In This Episode We Cover: How Ryan started by reading a book The beauty of house hacking Why he started his own property management company  Tips for dealing with inherited tenants How to find good agents Thoughts on having an agency to “sponsor” you How to know when to quit your job The things he misjudged while buying houses How capital plays a huge role How to accurately estimate costs when fixing properties How many rental units he has Tips for finding properties through the BiggerPockets Marketplace What metrics he uses to decide on a property How he funded his deals What he would do differently if he started again The BRRRR strategy And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Marketplace BiggerPockets Keyword Alerts Books Mentioned in this Show Set for Life by Scott Trench Property Management For Dummies by Grisworld The book on investing with Low or No Money Down by Brandon Turner The E-Myth by Michael Gerber The ONE Thing by Gary Keller and Jay Papasan Tweetable Topics: “Don’t just quit and hope for the best.” (Tweet This!) “Creative investing is not about being broke. It’s just about putting together a deal without your own money.” (Tweet This!) “You either win or you learn.” (Tweet This!) Connect with Ryan Ryan’s BiggerPockets Profile Ryan’s Property Management Website Realty of Maine Learn more about your ad choices. Visit megaphone.fm/adchoices

Some investors get started slowly—a deal here, a deal there. But for Arianne Lemire, going slow was not an option. Arianne began investing just a year and a half ago but has already done 15 deals, with more coming in every month! How did she do it? As she explains, a powerful “why.” You’ll learn how Arianne turned her drive for financial independence into a real estate career that includes rentals, flips, and wholesaling. Arianne’s story is powerful and will inspire you to blast off like a rocket to reach your destination! In This Episode We Cover: How Arianne got started through the BiggerPockets webinar! Her very first deal What “delayed financing exemption” means How she used BiggerPockets to figure out her strategy and to find a lender A discussion on whether you should get your real estate license Where Arianne invests How she shifted her strategy due to her “why” How to handle being a female real estate investor Tips for landing lots of deals in just two years Where she is now in her business What marketing strategy she uses A general contractor horror story The importance of surrounding yourself with the right people What’s next for her And SO much more! Links from the Show BiggerPockets Bookstore BiggerPockets Forums BiggerPockets Webinar BiggerPockets Podcast 163: Making Your Real Estate Business Soar While Working a Full-Time Job with Bill Allen BRRRR Strategy Auction.com Williams and Williams XOme Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki The Book on Rental Properties by Brandon Turner Set for Life by Scott Trench The Book on Flipping Houses by J. Scott The Book on Rental Property Management by Brandon and Heather Turner The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland Procrastinate on Purpose by Rory Vaden Tweetable Topics: “It’s just a number’s game, so just submit as many offers as you can.” (Tweet This!) “Instead of being a piece in the chessboard, you’re now looking over the chessboard.” (Tweet This!) “Use your strengths to your advantage.” (Tweet This!) Connect with Arianne Arianne’s BiggerPockets Profile Arianne’s Company Facebook Page Learn more about your ad choices. Visit megaphone.fm/adchoices

Why do some people struggle finding one single real estate deal, when others are finding dozens each month? What’s the secret to getting consistent leads? According to our guest today, it’s relationships—and specifically, there are four types of relationships that bring him over 100 deals a year. Today we’re excited to bring back Nathan Brooks as we dive deep into all four strategies he’s currently using to bring in incredible deals. And don’t miss the powerful discussion we had about leadership and the extreme ownership needed to take your business to the next level! This show is as funny as it is informative, so sit down and prepare for an amazing 90-minute episode! In This Episode We Cover: Nathan’s quick back story How he finds all his properties The importance of building relationships with the right people The exact phrase he says to agents How he uses the 80/20 principle in relationships The four lead sources Nathan uses Tips for dealing with wholesalers The property management software he use How to find and keep great contractors How to take responsibility for the leadership of your team And SO much more! Fire Round Forum Links Contractor Dilemma – Advice? 60k Prop or 100k Prop? Cash flow vs. Value Property Manager Vendors are expensive Failure to launch, no luck so far Links from the Show BiggerPockets Forums BiggerPockets Podcast 087: How to Thrive After The Collapse of a Real Estate Empire with Nathan Brooks BiggerPockets Podcast 159: How to Build a Real Estate Business That Buys 60 Deals a Year with Nathan Brooks ifttt.com BiggerPockets Events Josh’s Instagram Profile Brandon’s Instagram Profile Appfolio Podio Jocko’s Instagram Profile Saturday Night Live video with Josh Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki The ONE Thing by Jay Papasan and Gary Keller Traction by Gino Wickman E-Myth by Michael Gerber Extreme Ownership by Jocko Willink The Millionaire Real Estate Investor by Gary Keller, Dave Jenks, and Jay Papasan The Book on Rental Properties by Brandon Turner Set for Life by Scott Trench Tweetable Topics: “It’s all about relationships.” (Tweet This!) “If you can’t afford the management, you probably can’t afford the house.” (Tweet This!) “You have to take responsibility for the leadership of your team.” (Tweet This!) Connect with Nathan Nathan’s BiggerPockets Profile Nathan’s Company Website Nathan’s Company Facebook Page Learn more about your ad choices. Visit megaphone.fm/adchoices

There are a lot of “shady” people in the real estate space, and wholesalers tend to be the worst offenders. So today on The BiggerPockets Podcast, we are excited to bring you an interview with Brett Snograss, an investor from Indianapolis market who’s (ethically) wholesaling up to 25 houses each month! Brett shares his exact strategies for finding deals, growing his business, and networking with others. You’ll even witness a “one-on-two coaching” moment as Brett walks Josh and Brandon through their “first deal” at wholesaling real estate. Brett is a great guy with a super powerful message that will leave you motivated and equipped to dominate your own real estate market! In This Episode We Cover: Brett’s background as an entrepreneur (and how he got sued!) Tips for buying discounted real estate properties How to get up to 25 properties a month His definition of wholesaling Why he doesn’t fix and flip A discussion on whether this is a good strategy for newbies How his company handles closing costs Why wholesalers run a transactional business The average profit per deal and a walkthrough of one deal How to use direct mail and a PPC website Tips for working on your marketing funnel What Brett’s team looks like And SO much more! Links from the Show BiggerPockets Forums Real Estate Investing as a Side Hustle with Grammy-Winning Producer Seth Mosley Josh’s Instagram Profile Brandon’s Instagram Profile Josh’s Twitter Profile Brandon’s Twitter Profile Listsource AgentPro 247 BiggerPockets Webinar Jaren Barnes BiggerPockets Profile SWP:002 The Epic Adventure Story of Brandon Turner CallRail Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki The ONE Thing by Jay Papasan and Gary Keller Traction by Gino Wickman The Millionaire Next Door by Thomas J. Stanley No B.S. Time Management for Entrepreneurs by Dan Kennedy Tweetable Topics: “Your reputation is everything.” (Tweet This!) “If I can save myself 5 hours a week training somebody else to do what I’m doing, then that’d be awesome.” (Tweet This!) “Wholesaling is a transactional business.” (Tweet This!) Connect with Brett Brett’s BiggerPockets Profile Brett’s Company Website Simplewholesaling Podcast Simplewholesaling Properties Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate doesn’t need to be a full-time business, but it can be a fantastic side hustle! That’s the topic on today’s episode of The BiggerPockets Podcast, where we sit down with Seth Mosley, a musical artist and producer (with several Grammy awards to his name!) who invests in rental properties on the side. Seth has a ton of great tips to share today for anyone looking to buy more real estate but not able to spend 40 hours a week doing it. And be sure to listen for his fascinating strategy on how he used a virtual assistant to help find and analyze deals! This show is packed full with tips, stories, and humor, so don’t miss a moment of it! In This Episode We Cover: How Seth started as a music producer, with investing as a side hustle The tax advantages, appreciation, and other reasons why he chose real estate How to know which path to take in real estate investing How you can use 1030 exchanges to buy up to 6 units His portfolio of 20 doors and where he invests How he uses virtual assistants to help him find deals Why you should consider starting an investment club What you should know about S.I.D.E. H.U.S.T.L.E. The importance of focusing on relationships Tips for becoming a part-time investor What’s next for Seth And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Events E and S Tile Instagram Josh’s Instagram Profile Brandon’s Instagram Profile Newsboys (Band) DC Talk (Band) Upwork BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod BiggerPockets Author Dave Ramsey Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki The Checklist Manifesto by Atul Gawande The Miracle Morning by Hal Elrod The ONE Thing by Jay Papasan and Gary Keller Tweetable Topics: “Don’t be too attached just because you lived in it. View it as an investment.” (Tweet This!) “If there’s no door, then just build one.” (Tweet This!) “Just get started and get fancy later.” (Tweet This!) “Don’t look for the cheapest property manager. Look for the best one. Hire slow and fire fast.” (Tweet This!) Connect with Seth Seth’s BiggerPockets Profile Full Circle Music Seth’s Investor Group Facebook Page Learn more about your ad choices. Visit megaphone.fm/adchoices

Not everyone wants to work a “real job”—but luckily, real estate investing can offer financial freedom for those willing to put in the work. Today’s guest on The BiggerPockets Podcast exemplifies this perfectly! Our guest today, Zeona McIntyre, is a master at short-term (aka “vacation”) rental properties and has achieved early retirement with just a small handful of these units. On this fun episode, you’ll discover how Zeona began her rental journey before buying a single property, how short-term rentals can provide significantly more cash flow than traditional rentals, and numerous tips and tricks for getting the biggest bang for your buck. We also chat on private lending, finding deals, and the amazing number of countries (and continents) Zeona has traveled to. Whether you plan to buy short-term rentals in your future or not, this show packs a powerful punch that everyone needs to hear! In This Episode We Cover: How Zeona got into the real estate game Why she started out by subleasing her apartment as an Airbnb rental Why you should see private money lenders as opportunities Why reading the fine print is important before signing anything How she found her next deal site unseen What’s unique about her market How she uses systems to manage her units What early retirement means to her Tips for managing vacation rentals at a distance Discriminations and legalities on these properties Airbnb hacks and tips And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Files Parks and Recreation (TV Show) Couchsurfing Airbnb Afford Anything (Blog) BiggerPockets Podcast 035: Quitting Your Job, Lifestyle Design, and Being a Traveling Landlord with Paula Pant BiggerPockets Ultimate Beginner’s Guide to Real Estate Investing Casa Mia Pizza Homeaway Booking.com Expedia BiggerPockets Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber BiggerPockets Bookstore Books Mentioned in this Show Set for Life by Scott Trench Rich Dad Poor Dad by Robert T. Kiyosaki The 4-Hour Workweek by Timothy Ferriss The Big Leap by PhD Hendricks Gay Tweetable Topics: “You just take what you have and you leverage that.” (Tweet This!) “You don’t fully understand until you’re in it, until you’re doing it.” (Tweet This!) “You don’t have to be super studied. You just have to start doing it.” (Tweet This!) Connect with Zeona Zeona’s BiggerPockets Profile Zeona’s Personal Website Learn more about your ad choices. Visit megaphone.fm/adchoices

A lot of newbies get stuck when trying to get their first few deals. After all, figuring out how to find properties, how to get the money needed to buy them, and how to not mismanage the property are all big tasks. That’s why we’re excited to bring you this powerful interview with Meghan McCallum, a real estate investor who’s passionate about helping new investors discover their best plan for real estate success. Today, Meghan shares her story of a terrible first deal that led to an unbelievable second deal (you won’t believe the appreciation she’s seen!) and more. Meghan also shares on the first steps newbies need to do before jumping in, as well as the power of using partnerships to gain experience and financing for your deals! In This Episode We Cover: Meghan’s journey to her first deal from being a firefighter in Kuwait How she bought a $280k property that now is worth $875k Her thoughts about house hacking  Tips on handling an inherited tenant How to build the systems and team you need to scale Why you should figure out who you are as an investor first Why you should seek out a partner and not a mentor Thoughts on “speed dating” for real estate investors Their next deal (the story of knee-high poop) What exactly an “escalation clause” is And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Events BiggerPockets Podcast 132: How Brie Schmidt Grew Her Real Estate Portfolio by 50 Units in 1 Year BiggerPockets Podcast 078: Quitting Your Job, Buy & Hold Investing, and Succeeding With High-End Rentals with Brie Schmidt 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 Brie Schmidt’s BiggerPockets Profile Anson Young’s BiggerPockets Profile Books Mentioned in this Show Set for Life by Scott Trench Brandon Turner’s The Book on Rental Property Investing Crushing It in Apartments and Commercial Real Estate by Brian Murray The Gifts of Imperfection by Brene Brown Tweetable Topics: “We forget in real estate investing that people are people. So like in all relationships, you set ground rules.” (Tweet This!) “We all gravitate to what we’re great at, and what we’re great at makes us happy.” (Tweet This!) “You need to know who you are first as an investor before you even consider what type of investment to get into.” (Tweet This!) “I build my business around good people.” (Tweet This!) Connect with Meghan Meghan’s BiggerPockets Profile Meghan’s Company Website Email Meghan Learn more about your ad choices. Visit megaphone.fm/adchoices

Scaling: It’s a term often tossed around in business and real estate, but what does it actually look like? Today on the BiggerPockets Podcast, you’ll see firsthand how one investor went from a small handful of single family houses to purchasing over $130,000,000 worth of apartment communities in just the past few years. Our guest, Joe Fairless, has a great story that will show you how you can get started with larger multifamily properties, including several ways to find and finance those big deals. Whether you are looking for your first deal or a 250 unit apartment community, this is one show you can’t afford to miss! In This Episode We Cover: Joe’s background His first property in Texas Tips for those investing out-of-state The benefits and dangers of buying properties virtually Why he no longer does single family properties How to qualify a market Markets that Joe thinks work Tips on finding partners and funding deals What exactly a master lease is How to network and get people in a deal with you How much money he puts in each deal How they find their apartment deals What a stabilized property is And SO much more! Links from the Show BiggerPockets Forums The ONE Thing Podcast CoStar JF 82: House Hacking Tips Revealed (podcast) Tony Robbins Malcolm Gladwell Tim Ferriss Books Mentioned in this Show Set for Life by Scott Trench Real Estate Investing for Dummies by Eric Tyson and Robert S. Griswold Rich Dad Poor Dad by Robert T. Kiyosaki The Driving Force: Six Human Needs by Anthony Robbins Crucial Conversations by Kerry Patterson Tweetable Topics: “I’ve never visited the house before I’ve bought it.” (Tweet This!) “The bigger dollars are in the value-add opportunities.” (Tweet This!) “You want to have customers before you have a product.” (Tweet This!) Connect with Joe Joe’s BiggerPockets Profile Joe’s Personal Website Joe’s Company Website Joe’s Podcast Learn more about your ad choices. Visit megaphone.fm/adchoices