What does it take to buy 17 deals a week? What if we told you it was the exact same process needed to buy just one deal per year? That’s the topic on today’s show, where we sit down with Chris Clothier to talk about how his company is buying up to 17 deals a week following the same process any investor can to get their own deals. Chris also shares keen insight into building up a thriving business, hiring your first or next employee, why he decided to run a 100-mile ultra-marathon, and much more. Whether you are looking to buy one deal a year or one deal a day, this show will have a tremendous impact on your life!  In This Episode We Cover: A quick recap on who Chris is How he started a turnkey company that now boasts 1,800 clients Tips for building the infrastructure of a business Why you should hire people The details on his process for offering on deals How Chris finds deals Thoughts on buying houses through social media A step-by-step guide on how to actually find and close a deal His ultra-marathon story (and how this relates to real estate) And SO much more! Links from the Show Email [email protected] BiggerPockets Forums Be an Author Ben Leybovich’s BP Profile Brian Burke’s BiggerPockets Profile Serge Shukhat’s BiggerPockets Profile Building a Scalable Real Estate Business and Tenant Management Tips with Chris Clothier (podcast) 5 Myths Holding Investors Back From Real Estate Greatness with Chris Clothier (podcast) Building Wealth and Passive Income with Rental Properties with Ben Leybovich, Brian Burke, and Serge Shukhat (podcast) Carleton Sheets Books Mentioned in this Show Set for Life by Scott Trench (email [email protected]) Make It BIG! by Frank McKinney The 4-Hour Workweek by Tim Ferriss Stealing Fire by Steven Kotler Blue Ocean Strategy by W. Chan Kim Tweetable Topics: “I’m not a businessman; I’m a business man.” (Tweet This!) “There’s no better advice that I can give somebody than to be honest and upfront.” (Tweet This!) “Personal relationships are going to help you earn in your business.” (Tweet This!) “Any investor should be able to find a deal that makes sense in any city during any market, up or down.” (Tweet This!) “A good passive investments allows you to sleep well at night.” (Tweet This!) Connect with Chris Chris’ BiggerPockets Profile Chris’ Turnkey Company Learn more about your ad choices. Visit megaphone.fm/adchoices

A lot of people want to achieve financial freedom—but many who start the journey never arrive. So what’s the best way to truly set yourself up for success in achieving financial independence and wealth? That’s the topic of today’s show, where we sit down with Scott Trench, author of Set for Life,to discuss some of the simple yet powerful, tactics people can use to increase their income, reduce their expenses, and lead a legendary life.   In This Episode We Cover: A little bit on Scott‘s background The path to early financial freedom How to house hack your way to a portfolio of properties Tips for using the BRRRR method How to invest despite what the market situation is An introduction to the book Set for Life The three stages of wealth mentioned in the book What you should know about the “financial runway“ The bonuses that comes with the book A discussion on making more money The importance of finding a job you love How to get the set of skills you need to succeed Scott’s advice to those who are getting their first deal And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast 099: 3 Personal Finance Bloggers & Their First Real Estate Investment with Scott, Lauren, and Philip (podcast) Ben Leybovich’s BP Profile Jered Sturm’s BP Profile How to “Hack” Your Housing and Get Paid to Live for Free (blog) BiggerPockets Podcast 217: How to Work Less and Earn More Using the 80/20 Rule with Perry Marshall (podcast) Your First Home Purchase Could Be a Horrendous Financial Decision. Unless… (blog) Investors: Don’t Shoot for 100+ Properties. Aim for Bigger & Better With THIS Strategy. (blog) How I Went From $0 Net Worth to Qualifying for $1M in Real Estate Financing in 2.5 Years (blog) Am I Missing Something, or Is Real Estate Investing Really Not That Hard? (blog) Books Mentioned in this Show Set for Life by Scott Trench (email [email protected]) The Book on Rental Property Investing by Brandon Turner The ONE Thing by Gary Keller and Jay Papasan Rich Dad Poor Dad by Robert T. Kiyosaki Tweetable Topics: “It’s not just about being thrifty or cheap; it’s about being smart.” (Tweet This!) “Because we were responsible financially, we were able to take risks.” (Tweet This!) “Understand that what I’m doing today is what I need to get to the next level.” (Tweet This!) Connect with Scott Scott’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Success leaves clues! Rather than trying to figure it all out on your own, why not listen to someone who has been involved with nearly every aspect of real estate for decades? On today’s episode of The BiggerPockets Podcast, we sit down with Jay Hinrichs, an investor and hard money lender from Oregon, to learn how he has navigated the real estate market for more than 40 years—and how you can grow your own business from his wisdom! In This Episode We Cover: How Jay Hinrichs started when he was 18 A discussion on whether you should get a license or not His first houses in the Bay area Why agents are not investing What a hard money lender is How to be approved by hard money lender How Jay became the largest hard money lender in his area Why you should consider the BRRRR strategy (and how he’s been doing it for years) How to do something nice for somebody (through BiggerPockets) Why you should go ask in the Forums Tips for finding the right partners How to get the “lion’s share“ The most common question in the Forums And SO much more! Links from the Show BiggerPockets Forums BiggerPockets New Members Introduction Joel Owens’ BP Profile Josh’s Twitter Profile BiggerPockets Keyword Alerts BiggerPockets Hard Money Lenders (listing) Books Mentioned in this Show Think and Grow Rich by Napoleon Hill Rocket Fuel by Gino Wickman Tweetable Topics: “When you’re starting out and you don’t have the money, you need to honor the money.” (Tweet This!) “Any investor that I bring in a deal always makes more money than I do.” (Tweet This!) “I will never retire. I’ll be doing this until I’m not functional. I love what I do.” (Tweet This!) “Every market is different. You have to play to the market.” (Tweet This!) Connect with Jay Jay’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

A lot of people want to invest in rental properties, but a lot of people also fail when they jump in. Why? That’s the topic on today’s episode of the BiggerPockets Podcast, where we sit down with Tim Shiner to learn his story of going from zero to over 150 units and the lessons he picked up along the way. You’ll hear some incredible strategies for getting unicorn deals when there are multiple offers, the #1 most important characteristic Tim looks for when buying a property, and why he focuses primarily on “higher end” rental houses. You’ll love all the humor, wisdom, and knowledge Tim brings to the show, so sit down, relax, and be prepared to learn! In This Episode We Cover: How he got started buying quality real estate What makes his location special Why he doesn’t have a real estate license The importance of looking at the “horizon” and the end goal A discussion on diversification on investments The story of the “big white card board“ Why you should focus on what you are better at Tips for finding mentors The details on his 140 deals Insight into the debate on high-end vs. low-end properties Why he loves appreciation Tips for partnering with your significant other A discussion on buying your kid a property How he finds deals Why you should set a goal, achieve it, and reward yourself And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Be a Guest to the Show School of Life Podcast Control Uber Books Mentioned in this Show Elon Musk by Ashlee Vance Rich Dad Poor Dad by Robert Kiyosaki Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki The 10X Rule by Grant Cardone 50 Things They Didn’t Teach You in School by Tim Shiner Tweetable Topics: “Nobody cares as much about your investments as much as you do.” (Tweet This!) “The goal is to get as many checks coming in the mail as possibly as you can.” (Tweet This!) “If you have a strong enough ‘why’ while you invest, that will plow your way.” (Tweet This!) “Set a goal, achieve it, and reward yourself.” (Tweet This!) Connect with Tim Tim’s BiggerPockets Profile Tim’s Company Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Many people buy real estate hoping to make great cash flow. But all too often that cash flow is quickly eaten away by a silent but deadly thief. In this episode of the BiggerPockets Podcast, Josh and Brandon sit down with real estate investor Jesse Fragale to hear his story and learn more about how this silent killer can eat away your profits if you don’t analyze a deal right. You’ll also learn how Jesse found a way to invest in a crazy expensive market, as well as tips on using partners, scaling to larger properties, and the worst pickup line Jesse has ever used! In This Episode We Cover: How Jason got into real estate because of a car Why he chose the niche of student rentals 4 ways to earn in real estate Tips for managing student rentals The worst day of Jason’s life (aka why CapEx is important) How much you should prepare for capital expenditures The pros and cons of student rentals Thoughts on jumping into multifamily What you should know about the 50% rule Tips for finding the cap rate in an area How to fund a deals using a partnership A discussion on setting expectations with property managers And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BP Podcast 182: 674 Multifamily Units in Three Years with Jake & Gino Wheel Barrow Profits Podcast BiggerPockets Analysis Books Mentioned in this Show The Wealthy Renter by Alex Avery Landlording on Auto-Pilot by Mike Butler Getting to Yes by Roger Fisher The Book on Investing with No Money Down by Brandon Turner Tweetable Topics: “The bigger the deal, the easier it is to do.” (Tweet This!) “If you bring people a good deal, I believe that they will take it for what it’s worth.” (Tweet This!) “I think there’s success in every facet of real estate.” (Tweet This!) Connect with Jesse Jesse’s BiggerPockets Profile Jesse’s Company Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Many people invest in real estate hoping to make “passive income” but instead find they work more than they would at a day job! But not all real estate niches require a lot of time—and today’s show proves that! Today on the BiggerPockets Podcast, we sit down with Dr Kenyon Meadows, a real estate investor who chooses to invest his money using a variety of passive real estate vehicles, including funding other real estate investors, investing out of state through several turnkey companies, and investing in over 30 crowdfunding deals! If you are looking to make your real estate more passive, this is one show you can’t afford to miss! In This Episode We Cover: Who Kenyon Meadows is What you should know about alternative assets How he got into real estate How he structures his private money lending Whether track records matter to him How to impress a private money lender Tips for building permanent wealth How he got into turnkey properties Advice on finding the right turnkey property provider A look at the numbers for a turnkey property How he structures his deals How real estate crowdfunding deals work Kenyon’s future plans What he would tell someone starting out A discussion on investments outside real estate And SO much more! Links from the Show BiggerPockets Forums BP Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager BiggerPockets Invites Serial Podcast BiggerPockets Analysis P2B Investor Funding Circle Books Mentioned in this Show Essentialism by Greg McKeown Bridge Over Troubled Wall Street by Mr. Stephen E. Gardner The Alternative Answer by Bob Rice Alternative Financial Medicine by Kenyon Meadows Tweetable Topics: “I don’t think you should invest in anything unless you really know the ins and outs of it.” (Tweet This!) “Loaning is great, but if you want to build permanent wealth, then you’ve got to own this stuff.” (Tweet This!) Connect with Kenyon Kenyon’s Personal Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Why is it some investors buy deals every single month, when others look for years without landing a single great real estate deal? Two words: deal flow. On today’s episode of the BiggerPockets Podcast, we sit down with Erik Stark to talk about how he consistently drives leads to his real estate business using “driving for dollars,” direct mail marketing, and a fascinating “education marketing” strategy that you’ll be excited to try for yourself! In This Episode We Cover: Erik’s background What exactly deal flow is The importance of focusing on the strategy The first step in driving for dollars How to identify a distressed vacant house How he tracks his mailers What systems he has in place, including outsourcing Tips for finding out if there’s existing mortgage on a property The Smart Sell Book he authored What R3 zoning is What’s changed in the past two years since he was interviewed His plan for the next years And SO much more! Links from the Show BiggerPockets Forums BP Podcast 093: 0 to 400 Deals (in 5 Years!) via Smart Marketing with Erik Stark Mike Cantu Brandon’s Instagram – Beardy Brandon! Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki The Peebles Path to Real Estate Wealth by R. Donahue Peebles The Success System That Never Fails by W. Clement Stone Smart Sell Book by Erik Stark (Contact Erik directly) Tweetable Topics: “You need to stop chasing opportunity and start working a strategy.” (Tweet This!) “I don’t want to spend my life trying to tell people why I’m better than everybody else.” (Tweet This!) “If you are looking at properties and not writing offers, it’s like going to the gym and not working out.” (Tweet This!) “Cash is everywhere now. There’s no shortage of cash; there’s a shortage of real opportunity.” (Tweet This!) Connect with Erik Erik’s Personal Website Erik’s BiggerPockets Profile Erik’s Facebook Profile Erik’s Instagram Learn more about your ad choices. Visit megaphone.fm/adchoices

Every day, our lives are consumed by things that simply don’t amount to much. In fact, most of your successes will come from a very small percentage of your activities. That’s the basic concept of the 80/20 rule, and today’s guest is one of the world’s foremost experts on using the 80/20 rule in business! Today’s guest is Perry Marshall, author of 80/20 Sales and Marketing: The Definitive Guide to Working Less and Making MoreE, and on today’s fascinating show, Perry dives into how to use this principle to work less and achieve more. And don’t miss the fascinating discussion on how to make $10,000 an hour; if you’ve never heard this concept before, it’s about to blow your mind (and business) into the stratosphere! In This Episode We Cover: Perry’s background and how he got into marketing How he stumbled upon the 80/20 principle Why it’s alright to let go of tenants causing you issues The 80/20 inside the 80/20 How this affects investors with rental properties What we can learn from the “principle of the 2700 espresso machine“ The most important thing in direct mail marketing The 5 qualifiers you should know when selling What to consider about the concept of retargeting How to handle a bad response rate A tip to help you make $10,000 an hour Why you should say no to a lot more things How to differentiate the $10 an hour job from the $10,000 an hour job And SO much more! Links from the Show BiggerPockets Forums Upwork Books Mentioned in this Show 80/20 Sales and Marketing by Perry Marshall Ultimate Guide to Google AdWords by Perry Marshall Ultimate Guide to Facebook Advertising by Perry Marshall The 80/20 Principle by Richard Koch The Star Principle by Richard Koch The Book of Proverbs Tweetable Topics: “80/20 is everywhere.” (Tweet This!) “We can fix so many problems by doing so little.” (Tweet This!) “Half of what you are doing right now you shouldn’t be doing.” (Tweet This!) Connect with Perry Perry’s Personal Website Get his book 80/20 Curve Perry’s Twitter Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of The BiggerPockets Podcast, we’re pumped to introduce you to Damion Lupo, an experienced real estate investor and hard money lender who has seen it all in real estate—both the good and bad! You’ll learn how it was Damion’s naiveté that led to his early success (and why naiveté matters), as well as the traits that helped Damion build up an incredibly successful cash-flowing business. And don’t miss Damion’s story of the murdered security guard or his golden answers to the question, “How do you get a lender to say yes?”  In This Episode We Cover: Damion’s first deal that he financed with his Visa card How you can be naive and still make it A discussion on whether it’s harder to find deals nowadays What you should know about driving for dollars The deals he has done so far The murdered guard story Why he wants to be the bank What exactly a lease option is How he structures his partnership A discussion on whether people should get an LLC or not Damion’s view on cash flow What he did to get through the downturn in 2008  Advice for those who want to be hard money lenders Tips for convincing a hard money lender What’s next for Damion And SO much more! Links from the Show Visit Path to Purchase on your Biggerpockets Dashboard BiggerPockets Events BiggerPockets Forums Pet Food Meetup.com Incorporate The Profit with Marcus Lemonis Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki The Success Principles by Jack Canfield Abundance by Peter Diamandis and Steven Kotler Rich Dad’s Cashflow Quadrant by Robert T. Kiyosaki Mastery by George Leonard Tweetable Topics: “With real estate, there was this unlimited potential that is really only limited by me and my thinking.” (Tweet This!) “You can create massive financial wealth with real estate with an 8th grade education. Really, it’s up to you.” (Tweet This!) “People don’t realize the laws of selling. You don’t close deals on your first time.” (Tweet This!) “The way you do anything is the way you do everything.” (Tweet This!) “The worst teacher is success.” (Tweet This!) Connect with Damion Damion’s Personal Website Damion’s Company Website Damion’s Amazon Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Boston is a tough market. Prices are high, but even high rents aren’t enough to make it profitable to invest. Ricky Beliveau makes money by renting to students, converting small multifamily buildings into condos (it’s easier than you think!), and transitioning unused space into more bedrooms to add massive value. In This Episode We Cover: How Ricky started by borrowing money from his mom Thoughts on buying an expensive property in an expensive market How he got 4 signers and co-signers per unit Tips for finding a property manager The upsides to having a college rental How he achieves next to zero vacancies How he tenant-proofs his rentals The value of his property today The details of his next deals How to find these gems of properties What a condo conversion is The average cost for condo conversion with an attorney How he sets the HOA up How to tell if a property is good for conversion Thoughts on keeping a day job while investing How to find reliable contractors What’s next for Ricky And SO much more! Links from the Show BiggerPockets Marketplace BiggerPockets Forums BiggerPockets Pro BP Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager East Boston Project (Forum Post by Ricky) BiggerPockets Analysis How I Built This Podcast Mindy’s Twitter Account Books Mentioned in this Show Flipping Confidential by Kirsten Kemp Tweetable Topics: “Let the experts do what they do well, and you can do what you do well.” (Tweet This!) “If a property has a major foundation issue, your profits can just disappear.” (Tweet This!) “Don’t say ‘I can’t.’ Instead, figure out a way to do it.” (Tweet This!) Connect with Ricky Ricky’s BiggerPockets Profile Ricky’s Website Ricky’s Instagram Profile Ricky’s Facebook Page Learn more about your ad choices. Visit megaphone.fm/adchoices

Some investors buy a single house. Some buy a small multifamily. But today on The BiggerPockets Podcast, we sit down with someone who jumped into real estate in a much bigger way! Joel Sherlock is an investor from Canada who put together a $30 million dollar fund to buy real estate in America. You’ll learn why he went this route and how you can follow a similar strategy in your own business. You’ll also learn about Joel’s entrance into the world of commercial real estate, including the pros and cons of that niche. In This Episode We Cover: How Joel started real estate back in college Why he eventually moved his investing in Canada to America How he was able to come up with $32 million in funds What a “hurdle rate” is Why he considers his model to be conservative  The kind of properties he’s buying Why he chose Scottsdale Innovative strategies for finding deals How he “trades deals“ How to get fixed-priced bids from contractors Why he’s made the move to commercial real estate Why people avoid commercial real estate How to evaluate strip malls Tips for analyzing commercial deals Future plans for his business And SO much more! Links from the Show We are hiring! BiggerPockets Forums Bond BP Podcast 047: Apartment Complexes, NNN Leases, and Commercial Real Estate with Joel Owens Books Mentioned in this Show The Millionaire Real Estate Agent by Gary Keller Shift by Gary Keller Think and Grow Rich by Napoleon Hill The Saint, the Surfer, and the CEO by Robin Sharma Tweetable Topics: “It’s exactly the same thing, there is just more zeroes.” (Tweet This!) “In the real estate sales world, as soon as you stop selling, you stop stop making money.” (Tweet This!) “Getting started is the key. You don’t have to be great to start but you have to start to be great.” (Tweet This!) Connect with Joel Joel’s BiggerPockets Profile Joel’s Website Joel’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

If there is one thing you can know for sure by listening to the BiggerPockets Podcast, it’s this: There are a LOT of ways to invest in real estate! That’s why we’re excited to bring you today’s interview with Noah Kagan, who invests in a different way than most of the guests we’ve had on the show. Noah currently runs several very successful internet businesses (SumoMe and AppSumo) and knew he didn’t want to be a landlord; Noah knows his best return is made in his business. Therefore, he devised his investing strategy around NOT being the landlord. Noah is a wealth of information and one of the most motivating humans we’ve ever met. So sit back and enjoy today’s episode with Noah! In This Episode We Cover: Who Noah Kagan is and how he got into real estate investing What keeps newbies from buying their first investment properties The ROI of other businesses as compared to real estate investing A discussion on the 1% rule Thoughts on whether a commercial property is a good first investment Why you should find experienced real estate investors in your area Tips for growing your capital How Noah finances his deals What you should know about asking other people for money or syndication Why you should stop apologizing for being successful How to grow your network When should you stop learning and start doing The importance of knowing where do you want to be in 5 years Why you should visualize the destination And SO much more! Links from the Show BiggerPockets Forums SumoMe AppSumo BiggerPockets Webinar BiggerPockets Facebook Page RealtyShares PeerStreet Where’s my money? (Blog Post) Noah’s Spreadsheet BP Podcast 204: Flipping 30+ Deals by Age Twenty-Five with Chris Gill BiggerPockets Event Forums Chess Books Mentioned in this Show The Book on Investing with Low or No Money Down by Brandon Turner The Miracle Morning by Hal Elrod The Obstacle Is the Way by Ryan Holiday The Ultimate Sales Machine by Chet Holmes Confessions of a Real Estate Entrepreneur by James Randel Tweetable Topics: “It took me 10 years to actually be ready, not financially but mentally, to make that decision, to make that purchase.” (Tweet This!) “The best deals happen off-market.” (Tweet This!) “I think the trait of a successful person is resourcefulness.” (Tweet This!) “If you want to find someone else to help you, you have to help someone else.” (Tweet This!) Connect with Noah Noah’s BiggerPockets Profile Noah’s Website Noah Kagan’s Present Podcast Noah’s Keynote Speech at Fincon 2016 Learn more about your ad choices. Visit megaphone.fm/adchoices

How much does it cost to buy a large apartment complex? Millions? Think again! On today’s episode of The BiggerPockets Podcast, we’re excited to welcome back Brian Murray to the show. Brian, who was last seen on episode 126, has done some pretty amazing things over the past several years — including purchasing a 115-unit property that cost him nothing out of pocket (and, in fact, he walked out of closing with a massive check!). Whether you are looking to buy one house or a 100-unit property, this podcast will inform, motivate, and inspire you to massive action. In This Episode We Cover: What Brian has been doing since his last episode The definition of “value-add” in real estate Different ways to add value to a property The story of how he turned an old motel into studio apartments How Brian gets his tenants and the kinds of screening he uses Why he focuses on keeping rents low The location of these rentals Why you should consider the “transient work force” Details on how he got this deal A discussion on raising money and working with partners Tips for finding properties How to handle agents and brokers The story of the 115-unit Section 8 apartment complex How a HUD contract crushed him Whether you should consider managing a HUD property or not How Brian sold the property for $3.2 million His advice for aspiring investors And SO much more! Links from the Show BiggerPockets Forums BP Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray How I Bought a 115-Unit Apartment Complex with NO CASH Path to Purchase Loopnet Jay Hinrich’s BiggerPockets Profile Bill Gulley’s BiggerPockets Profile Pioneer Woman Cookbook Books Mentioned in this Show Crushing It in Apartments and Commercial Real Estate by Brian H Murray The Book on Rental Property Investing by Brandon Turner The Obstacle Is the Way by Ryan Holiday Tweetable Topics: “It’s about the journey and I definitely don’t want to feel that I’m lock into something, like some arbitrary number.” (Tweet This!) “You don’t want to take on more debt than you can handle.” (Tweet This!) “If somebody says no, don’t give up. Try somebody else. Keep trying.” (Tweet This!) Connect with Brian Brian’s BiggerPockets Profile Brian’s LinkedIn Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

What’s the best way to invest in real estate when the numbers don’t make sense in your backyard? Today on the BiggerPockets Podcast, we sit down with Bob Malecki, a real estate investor who started by purchasing local rental properties but quickly shifted gears into two other niches: out of state rentals and mortgage notes. In this episode, Bob explains why he chose to make the switch and walks listeners through the step-by-step process for getting started investing outside your backyard! In This Episode We Cover: How Bob got started in real estate What a ROTH IRA is What to do when you’ve got a chunk of money to invest How to choose the right turnkey company Thoughts on using leverage to acquire properties Why he decided to transition to notes What exactly non-performing notes are A discussion on notes vs. rentals The risks of investing in notes What you should know about due diligence Where to find notes to invest in The value of building relationships What the future looks like for Bob And SO much more! Links from the Show BiggerPockets Forums Sunwest Trust Inc. Notes funds for individual investors. What are the best players? (Forum Post) Tax, Legal Issues, Contracts, Self-Directed IRA (Forum Category) MemphiesInvest RealtyTrac WeGoLook Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki Equity Happens by by Robert Helms & Russell Gray The Magic of Thinking Big by David J. Schwartz Secrets of the Millionaire Mind by T. Harv Eker Tweetable Topics: “Nothing in the world is guaranteed.” (Tweet This!) “Assume nothing and document everything.” (Tweet This!) “If you don’t take actions, you can’t take a risk and you won’t make mistakes. Mistakes are necessary.” (Tweet This!) Connect with Bob Bob’s BiggerPockets Profile Bob’s Website Email Bob Learn more about your ad choices. Visit megaphone.fm/adchoices

Can a single real estate deal change your life? Definitely! That’s the topic on today’s “newbie episode” of the BiggerPockets Podcast, where we sit down for several interviews with real estate investors who have just purchased their first deal. In the first interview, you’ll hear how Sunny and SunMarie Burnsused a fantastic “house hack” to invest in an extremely high-priced area. In the second interview, you’ll hear how Sam Valme was able to house-hack his home into a vacation rental that throws off massive cash flow each month. These stories are incredibly inspiring and full of tips that can help new AND experienced investors achieve more in their business! In This Episode We Cover: Sunny and SunMarie’s Segment: How Sunny got hooked to the podcast Why you should consider buying a fourplex as a first property How to find these deals Thoughts on the competitiveness of the real estate market How to use house hacking to earn extra cash Why you should always look out for holding costs How real estate helped Sunny and his family Sam’s Segment: How his mom unknowingly gave him a ticket to real estate investing How he turned the basement into a rental unit Tips for making the financing work on a deal like this Why he used an FHA 203K for financing The benefits of using Airbnb to rent your property How to price Airbnb rentals the right way How to use electronic locks and automate the process His worst tenant experience ever And SO much more! Links from the Show BiggerPockets Member’s Blogs WellsFargo BiggerPockets Forums Schlage Door Locks BiggerPockets Webinar BiggerPockets Analysis Ultimate Beginner’s Guide to Real Estate Investing Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki The ABCs of Real Estate Investing by Ken McElroy The Millionaire Real Estate Investor by Gary Keller The E-Myth Revisited by Michael E. Gerber Outwitting the Devil by Napoleon Hill The ONE Thing by Gary Keller and Jay Papasan The Book on Managing Rental Properties by Brandon and Heather Turner Tweetable Topics: “House hack and get your tenants to pay your rent, mortgage, and taxes.” (Tweet This!) “Hard work just isn’t enough. You need to figure out the why.” (Tweet This!) “Imagine your perfect day and then, work backwards from there.” (Tweet This!) “It’s better to fail 50 times trying to figure out what you want to do than to sit back for an entire year thinking about it.” (Tweet This!) Connect with Sunny Sunny’s BiggerPockets Profile Sunny’s Website Connect with Sam Sam’s BiggerPockets Profile Sam’s Website Facebook Profile Twitter Profile Instagram LinkedIn Customer Results Property Management Learn more about your ad choices. Visit megaphone.fm/adchoices

Is small thinking holding you back? Not after this episode! Today on the BiggerPockets Podcast, Josh and Brandon talk with Kevin Carroll, a real estate investor who decided 18 months ago that he wanted to start flipping houses… and has done 83 flips in the past year and a half! Perhaps most impressively, Kevin did most of these flips out of state utilizing strategic partnerships — a strategy that just might change the way you think about real estate forever. Sit back and prepare to have your mindset expanded and let “big thinking” take over. In This Episode We Cover: How Kevin went from a straw-built house to flipping 1,000 houses What a bank-owned product is How he built a system that works What you should know about probates How to think like an investor instead of an agent Things that could screw up a deal The two components that make a deal successful Why you should consider holding costs Buying properties offsite Insight on quality control and scaling the business How to stay ahead of the flip Why he partners with real estate agents Why his partners need him His favorite deals and why The bad deals he’s encountered Thinking big when it comes to setting targets Who your friends are so important And SO much more! Links from the Show Path to Purchase (visit your dashboard) BiggerPockets Forums Gobundance Books Mentioned in this Show The Real Book of Real Estate by Robert Kiyosaki The Millionaire Real Estate Agent by Gary Keller The Millionaire Real Estate Investor by Gary Keller The E-Myth Revisited by Michael E. Gerber MONEY Master the Game by Tony Robbins A Journey to Financial Independence by Kevin Carroll Tweetable Topics: “Everything is based on relationships.” (Tweet This!) “I’d rather spend $2,000 more and get the flip done a week sooner.” (Tweet This!) “One of the important things you can do for a contractor is to pay them immediately.” (Tweet This!) “Who you hang out with will dictate your level of income, your level of success.” (Tweet This!) Connect with Kevin Kevin’s BiggerPockets Profile Kevin’s Website (with his spreadsheet) Learn more about your ad choices. Visit megaphone.fm/adchoices

Most people begin their real estate investing with a small single family purchase. Some even start with a duplex or triplex. But today’s guest on the BiggerPockets Podcast skipped the intro phase and jumped right into a 41-unit property early in his 20s! Today, you’ll learn how Jack Baczek used a strategy not before mentioned on the podcast to invest in 41 units, as well as his transition to mobile home park investing (and why that niche ROCKS). Jack’s story is truly inspirational, and you’ll walk away from this interview inspired, entertained, and pumped up to take massive action on your own business! In This Episode We Cover: How Jack got started with real estate How he stumbled upon what ended up his first deal at age 21 What exactly a fractured condo is How he found his first deal of 21 units How he financed this huge deal A warning against hiring the wrong property manager How having parents who invest in real estate affected him Why he sold the 41-unit property Why he made the shift to mobile home parks What a mobile home park deal looks like Reasons to invest in mobile home parks The changes he made to the park to make it rent-ready Why there’s a bad stigma on mobile parks Why Jack fell in love with direct mail marketing The downsides of owning a mobile home park Where is he now in terms of scaling his business What an assignment fee is Tips for trying to read the market What the next five years look like for Jack And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Podcast BiggerPockets Keyword Alerts BP Podcast 111: A Unique (and Profitable) Real Estate Niche You’ve Probably Never Considered with Jefferson Lilly BP Podcast 195: Partners, College Town Rentals, & Mobile Home Parks with Rudy Curtler BP Podcast 075: Mobile Home Investing and Getting Started With John Fedro 9 Loopnet CraigsList Dreamwork Trolls: Sing With Us Books Mentioned in this Show Emerging Real Estate Markets by David Lindahl 30 Days of Successful Due Diligence on Mobile Home Parks by Frank Rolfe & Dave Reynolds The Intelligent Investor by Benjamin Graham Tweetable Topics: “I think having a good market is really important.” (Tweet This!) “I think it’s important to really focus on good deals with value add and upside.” (Tweet This!) “If you get a mediocre deal, chances are it could go sour. I’d rather try and find something that looks really promising.” (Tweet This!) Connect with Jack Jack’s BiggerPockets Profile Jack’s Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate investors wear a lot of hats, especially in the beginning: contractor, bookkeeper, receptionist, and more. But if you truly want to grow your business, you must do LESS. At least, that’s the message you’ll hear today on The BiggerPockets Podcast, where Josh and Brandon sit down with real estate investor Devin Elder about how he’s been able to scale his business by doing fewer and fewer tasks. You’ll learn how he went from a single family rental in 2012 to buying multiple properties each month. We cover the topic of BRRRR investing, fix and flipping, using private lenders, getting started with no money, and lots more. Stay tuned for this powerful episode! In This Episode We Cover: How Devin got started into real estate How he got a mentor to help him get his first deal What exactly equity capture is Why the BRRRR strategy is so nice Thoughts on his market, San Antonio Devin’s main focus as a real estate investor How his business works The importance of creating systems and not doing things you don’t enjoy Why you shouldn’t reinvent the wheel  How he decides if he flips, holds, or wholesales a property How he finds his deals How to figure out if someone is fudging the numbers The mechanics of his marketing The story of a deal that went wrong What makes him proud about how he does business The name that comes to mind if he heard the word “inspiration“ What the future looks like for Devin And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Podcast Buildium Investor Carrot Tim Ferriss’ Podcast Books Mentioned in this Show The Book on Rental Property Investing  by Brandon Turner The Book on Flipping Houses by J. Scott Investing with No or Low Money Down by Brandon Turner The Book on Tax Strategies by Amanda Han 80/20 Sales and Marketing by Perry Marshall Rich Dad Poor Dad by Robert Kiyosaki The Millionaire Real Estate Investor by Gary Keller Elon Musk by Ashlee Vance Tweetable Topics: “Rental income wasn’t making me wealthy, but it was paying my bills.” (Tweet This!) “It’s about creating systems, getting software, and not spending time on activities that you don’t enjoy.” (Tweet This!) “Nothing happens without some revenue.” (Tweet This!) “Use your hustle to create some kind of value and then from there take the next best step.” (Tweet This!) Connect with Devin Devin’s BiggerPockets Profile Devin’s Website Devin’s Company Website – We buy houses San Antonio Learn more about your ad choices. Visit megaphone.fm/adchoices

Two years ago, Joe England was just a full-time military guy, dreaming about financial freedom. Now, he’s done over 20 deals and is taking massive action to create an incredible future for himself. On this episode of the BiggerPockets Podcast, we dive deep into Joe’s story and learn how taking massive action has helped him build his portfolio — despite being deployed overseas the majority of the time. In This Episode We Cover: How Joe learned about real estate from infomercials and BiggerPockets Why he needs power of attorney Important books he’s read How he started investing while still deployed in Iraq How he landed 22 properties in just 10 months What exactly a rent-ready property is What kind of properties he invests in How he finances these deals Joe’s end goal and his “why” The state of the real estate market in Baltimore How to NOT be a slumlord How he manages his properties His experiences with bad property managers How to find properties on the MLS and Zillow The strategy of putting an offer on everything he sees His advice for the military And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Podcast BP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone BP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat BiggerPockets Bookstore Zillow Landlords: 8 Tips for Hiring the Best Property Manager (blog) Investing in American Real Estate While Serving in the US Military (blog) BiggerPockets Analysis Advertise with BiggerPockets BP Podcast 014 : Cash Flow, Creative Finance, and Life with Ben Leybovich Books Mentioned in this Show BiggerPockets Ultimate Beginner’s Guide to Real Estate Investing The Book on Rental Property Investing  by Brandon Turner The Book on Flipping Houses by J. Scott Investing with No or Low Money Down by Brandon Turner The 10X Rule by Grant Cardone Ego Is the Enemy by Ryan Holiday The One Thing by Gary Keller Tweetable Topics: “When doing an offer, if you are not embarrassed by your offer, it’s too high.” (Tweet This!) “Real estate is kinda like an accidental pregnancy. At the end of the day, you’ll figure it out.” (Tweet This!) “You can measure success by creating new problems.” (Tweet This!) Connect with Joseph Joseph’s BiggerPockets Profile Email Joseph Learn more about your ad choices. Visit megaphone.fm/adchoices

How does one transition from doing simple houses to more complex deals? That’s the topic on today’s episode of the BiggerPockets Podcast, where we sit down once again with Jered Sturm, a real estate investor from the Midwest who’s made the transition from doing all his own work on single family houses to purchasing larger properties. In this episode, we dig in deep on the purchase of his newest 42-unit apartment complex and the unique “value-add” ideas he discovered that made this property a home run! In This Episode We Cover: A quick recap on how Jered got started in this game What market is he in and how it changed over the last couple of years Why he moved his investing from Cincinnati to Atlanta How he uses partnerships to manage different markets Tips for funding using other people’s money The goal that led to using syndication Self-fulfillment rather than just buying more The importance of figuring out your “why“ How he has the discipline to not spend their quadrupled income Why you should separate out the “business income” How he found his 42-unit apartment complex Tips on managing cold calling  What criteria was he looking for The advantages of having dedicated water lines for the units The beauty of adding value to properties What exactly a resident manager is Why building structures made the difference in their business How he financed this multifamily deal Using the BRRRR strategy on large multifamily And SO much more! Links from the Show BP Podcast 124: Building a Real Estate Empire At a Young Age with Jered Sturm BiggerPockets Forums BiggerPockets Webinar BiggerPockets Podcast What Sets Apart Successful Real Estate Investors From Those Who Fail, Quit, or Never Get Started? (blog) BP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone BP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat Buildium BiggerPockets Bookstore Books Mentioned in this Show The Book on Rental Property Investing  by Brandon Turner The Book on Managing Rental Properties by Brandon Turner and Heather Turner Traction by Gino Wickman E-Myth Revisited by Michael E. Gerber Tweetable Topics: “Self fulfillment is how can you be the best you can be while also helping others be the best they can be.” (Tweet This!) “We’ve over prepared for the future, and even though we’re still pretty small, we’re running like a large company.” (Tweet This!) “Management makes or break the investment.” (Tweet This!) Connect with Jered Jered’s BiggerPockets Profile Jered’s BiggerPockets Author Profile Jered’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast, you’ll hear from Chris Gill, a real estate investor in the San Antonio market who has only been investing for three years but has already done over 30 deals — mostly fix and flips. On this episode, we walk through Chris’s unique journey, including his initial four-plex rental property and his path toward flipping “the worst houses in the area.” And don’t miss Chris’s fantastic tip for finding deals that no one on the BiggerPockets Podcast has mentioned yet! In This Episode We Cover: How he transitioned from film to real estate Whether or not you should get your real estate license What Chris’s first deal looked like The things he wished he knew before he started investing Why properly screening tenants is vital Tips for creating a great team How he manages his properties How he does his bookkeeping Tips for transitioning to house flipping His criteria for finding deals How he estimates his rehabs Tips for evaluating a house to rehab How he funds his deals What he’s doing on the development side of real estate What’s unique about the San Antonio market How to find the sweet spot between too much and too little improvement What his end game looks like And SO much more! Links from the Show Trello BiggerPockets Forums BiggerPockets Webinar BiggerPockets Podcast Books Mentioned in this Show Rich Dad’s Advisors: The Advanced Guide to Real Estate Investing by Ken McElroy Rich Dad Poor Dad by Robert Kiyosaki The Book on Flipping Houses by J. Scott The Everything Store: Jeff Bezos and the Age of Amazon By Brad Stone The Snowball: Warren Buffett and the Business of Life by Alice Schroeder Tweetable Topics: “If you want scalability, if you want to go anywhere else, you have to find something that allows you that.” (Tweet This!) “Just because you’re not good at something does not mean it’s not important.” (Tweet This!) “Be aware of overanalyzing stuff because that will happen forever if you allow it.” (Tweet This!) “Becoming comfortable with the unknown is huge, and I think in real estate that’s absolutely the case.” (Tweet This!) Connect with Chris Chris’s BiggerPockets Profile Chris’s Facebook Page Chris’s Instagram Profile Chris’s Twitter Profile Chris’s Youtube Channel Snapchat: ChrisFGill Chris’s message to BP community Learn more about your ad choices. Visit megaphone.fm/adchoices

When learning how to invest in real estate successfully, most people struggle finding four things: mentors, contractors, deals, and funding. That’s why today we’re excited to bring back Matt and Liz Faircloth onto The BiggerPockets Podcast to talk about how they find each of these! Matt and Liz (who were on episode 88) join us today as we dive deep into solving many of the problems that new investors struggle with. They also share the difficult story of how they recently shut down a major arm of their business and why it was the best move for them. Finally, Matt and Liz delve into the recent purchase of their 49-unit apartment building, offering some unique tips that will help you find and fund your next big deal! In This Episode We Cover: A recap of who Matt and Liz are Why they purchase a combination of flips and rentals What their “why” for investing in real estate is How many deals they look at A discussion on paying someone by the hour vs. by the job The do’s and don’ts of finding partners through BP How to “scale back“ How to find good, quality contractors Tips for dealing with bad contractors How they got into rental units The details of their 49-unit apartment complex How they were able to finance a $3.4 million deal A tip for finding property managers Why they give away flat screen TVs each year to their tenants And SO much more! Links from the Show BP Podcast 129: Live-in Flips, Frugality, and Finance with Mindy Jensen BP Podcast 088: Investing with Your Spouse, Managing Financials, and Growing Your Team with Matt and Liz Faircloth Cashflow Board Game BiggerPockets Forums Brandon’s Contractor Bid Form (file) BiggerPockets Webinar BP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone 3 Lessons I Learned by Closing on a 49-Unit Apartment Building (article) Property Manager Checklist: 7 Vital Tasks to Keep Tenants Happy & Paying (article) AppFolio RentManager My First Flip & Fix: Termites, Hauntings & A Foundation of Dirt (article) Books Mentioned in this Show The 4-Hour Workweek by Timothy Ferriss Rich Dad Poor Dad by Robert Kiyosaki The Book on Flipping Houses by J. Scott The 10x Rule by Grant Cardone Rich Dad’s Advisors: OPM by Michael A. Lechter & Robert Kiyosaki Down To Earth Landlording by Donald Beck Scaling Up by Verne Harnish As a Man Thinketh by James Allen Tweetable Topics: “You’ve got to have a really solid ‘why.’” (Tweet This!) “Sometimes you need to step back and ask yourself, ‘What am I really good at?'” (Tweet This!) “If you got a good horse, keep running with it.” (Tweet This!) “What you think is who you are.” (Tweet This!) Connect with Matt & Liz Matt’s BiggerPockets Profile Liz’ BiggerPockets Profile Matt & Liz’ Company Website Landlord Chronicles Youtube Channel Learn more about your ad choices. Visit megaphone.fm/adchoices

Most people dream of getting out of the “rat race,” quitting their day job, and living on passive income sources. However, usually that’s just wishful thinking. But today, we’re excited to introduce you to a real estate investor who did just that using rental properties, and he explains just how he did it. You’ll learn how our guest, Mark Walker, used single family houses at first to begin building his portfolio, and how his passive income really took off when he switched to multifamily. And you’ll love the in-depth discussion on exactly how he acquired his 64-unit apartment building! In This Episode We Cover: How Mark got started with a duplex that yielded a 36.5% cash on cash return Tips for shifting from developments to rentals Why he doesn’t want anything to do with property management Why it’s a matter of finding the right financing The basics to know about amortization and cash and cash return How to partner with the right people along the way How he finances his deals How he structures his partnerships The difference between conventional and commercial loans How he ended up partnering on a deal with a property manager How he knew that it was the right time to quit his job Tips on job shadowing someone with great experience Details on his 64-unit deal What you should know about syndication How much time he is spending on his business And SO much more! Links from the Show BiggerPockets Bookstore (Black Friday Sale!) Mindy Jensen’s BP Profile  Mr Money Moustache BP Podcast 201: Flipping 100+ “Zombie” Houses with Justin Stamper BiggerPockets Webinar Quickbooks Dancing with the Stars Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki Best Real Estate Investing Advice Ever by Joe Fairless Tweetable Topics: “I’m the guy who likes to say yes. I don’t like saying no. I let somebody else do that for me.” (Tweet This!) “It’s been a pleasant surprise for a multifamily owner. Once you get that property stabilized, it can go to autopilot.” (Tweet This!) “Never stop learning. Learning leads to action, and action leads to success.” (Tweet This!) “Do your first deal and learn from it. Ask yourself what’s working, what’s not working, and what can improve.” (Tweet This!) Connect with Mark Mark’s BiggerPockets Profile Mark’s Company Website Free gift for BiggerPockets’ listeners Learn more about your ad choices. Visit megaphone.fm/adchoices

Dead “zombie” houses are everywhere — just waiting for you to bring them back to life if you are willing to take the risk! That’s the story we dive deep into today on the BiggerPockets Podcast when we sit down with reality TV star Justin Stamper, a real estate investor from the Orlando, FL market who has a fascinating and inspiring story of rising up from near financial ruin to become one of the most prolific investors in his market. You’ll learn how his “punk rock” attitude has given him a unique perspective on his investing and how he has been able to flip over 100 “zombie” homes (and wholesale over 200 other deals!) in the past several years. After listening to this show, you’ll be inspired, motivated, and educated enough to tackle your next zombie house! In This Episode We Cover: What is “zombie” house flipping and how does Justin do it? The merits of buying really gross dilapidated properties How Justin got into real estate Why he starting by buying at auction What motivated him to start in real estate despite having lost a house How the recession affected families, especially in Orlando How Justin renovates one to two houses a week via the courthouse How to use a hedge fund to get a line of credit A unique strategy to help people regain their houses How to grow by helping people Details on buying via auctions Things to take note of before buying an auctioned property How many renovations has he done What it is like buying a “suicide house“ The properties that he doesn’t renovate How he’s finding deals in his market And SO much more! Links from the Show BiggerPockets’ Youtube Channel (don”t forget to subscribe!) BiggerPockets Videos Ken Corsini’s Show ‘Flipping the South’ Ken Corsini’s BP Profile BP Podcast 089: From High School Dropout to 300+ Real Estate Deals with Engelo Rumora Books Mentioned in this Show The Book on Flipping Houses by J. Scott The Book on Investing with Low or No Money Down by Brandon Turner Tweetable Topics: “Now it’s time to fight the good fight.” (Tweet This!) “If you want the deals, you got to hustle.” (Tweet This!) “America rewards the persistent.” (Tweet This!) Connect with Justin Justin’s BiggerPockets Profile Zombie House Flipping Highest and Best Clothing Justin’s Company Profile Justin’s Personal Website Justin’s Twitter Handle Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to the BiggerPockets Podcast show 200! We wanted to create a show that we could point people to in the future as an ultimate resource for building their real estate investment business. If you are new, this will give you a step-by-step plan. If you are experienced, it will help you systematize your business better and pick up new ideas to streamline how you buy properties. These tips were obtained from the community in a recent Forum thread Josh started. In This Episode We Cover: Commit Gain Knowledge Get Your Life in Order Decide on What You Want With Your life Decide What Niche/Strategy is Going to Get You There Set Your Goal(s) Choose Your Farm Location Figure Out Your Financing Get Your Core Team Together Start Looking for Deals Estimate Rehab Budget Run the Numbers Review Your Numbers With Someone Make the Offer Negotiate and Get It Under Contract Manage the Due Diligence Process Keep Yourself Organized Buy the Property Manage the Property or Rehab Stick Close to BiggerPockets for Every Step of This process Connect with Brandon and Josh Josh’s BiggerPockets Profile Brandon’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate investing is no longer just for older generations! Today on the BiggerPockets Podcast, we sit down with Houssein Al-Eidan, an accountant from the St Louis area who has purchased 25 rental units — and he’s just turning 25 years old this month! You’ll hear Houssein’s unique strategy of buying lower-price properties (many from auctions) and using a variety of strategies to increase his returns (including AirBnB and even leaving some properties vacant!). This show is bound to leave you inspired to expand your own real estate portfolio — no matter what age you are. In This Episode We Cover: How Houssein found BiggerPockets How he relocated from Kuwait to St. Louis (and why) How he discovered real estate through TV shows What his first deal was like How he dealt with a complicated foreclosed property with an existing tenant The total number of deals he’ve done so far in the past year How his numbers look for his condo units What his game plan is after buying so much property How he funds these properties through seller financing The importance of understanding the seller’s motivation Tips on Airbnb properties How be built a team for delegation A word of caution in this type of investing And SO much more! Links from the Show Scott’s Twitter Account BiggerPockets Jobs Flip or Flop BiggerPockets Podcast on Youtube Auction.com Zillow Books Mentioned in this Show The Book on Investing with Low or No Money Down by Brandon Turner The Effortless Empire by Chris Gray How to Win Friends & Influence People by Dale Carnegie Tweetable Topics: “The first purchase may not be always be the best.” (Tweet This!) “Once you understand the seller’s motivation, from there you can customize a plan.” (Tweet This!) Connect with Houssein Houssein’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

How many rental units does it take to achieve “financial freedom?” Maybe not as many as you think! That’s the topic on today’s episode, where Josh and Brandon sit down to talk with Eric Bowlin, a real estate investor who achieved financial freedom at the age of 30, largely using the “BRRRR” strategy to finance his deals. Eric owns fewer than 30 units but was able to “retire” off the cash flow — and today, you’ll learn just how he did it (and how you can do the same). You’ll also love his tips on how to find great deals on the MLS and how to manage your properties — even if you don’t live close by. Be sure to take some notes on this one — you are going to need them! In This Episode We Cover: How Eric started accidentally in real estate His epiphany moment! What it’s like earning overseas Things that cost him money on his early flips A note on dealing with contractors Why every market is unique How he put together his team Tips for finding contractors How many units he has now How to systematize your business Using the BRRRR strategy How he finds his deals How to tell if a property has tenant problems His best deal ever His most recent multifamily property And SO much more! Links from the Show BRRRR Strategy BiggerPockets Webinar BiggerPockets Blogs 4 Reasons You’ll Never Find a Good Contractor (Insight From an Investor/Contractor) (blog) BiggerPockets Pro Replay BiggerPockets Pro BiggerPockets Forums Ultimate Beginner’s Guide to Real Estate Investing Josh’s Twitter Account Brandon’s Twitter Account BP Podcast 007: Making Appraisals Work For You with Ryan Lundquist Books Mentioned in this Show Rich Dad, Poor Dad by Robert Kiyosaki The Successful Landlord by Maribeth Perry The Psychology of Selling by Brian Tracy Tweetable Topics: “I just realized, I wanted people coming to me to pay me versus me trying to get money for somebody else.” (Tweet This!) “I didn’t know about financial independence when I first got started.” (Tweet This!) “A person only earns plus or minus 10% of what they think they’re worth.” (Tweet This!) Connect with Eric Eric’s BiggerPockets Profile Eric’s Twitter Profile Eric’s Website Eric’s BiggerPockets Author Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Get ready to be inspired, amazed, and blown away with today’s BiggerPockets episode! Today on the show we’re sitting down with Chris Heeren, a real estate investor from Wisconsin who’s absolutely crushing it with his rental property investing. In just the past three years, Chris has built a massive portfolio of houses and small multifamily properties — and he did it with just over $10,000 to start AND while working full-time. Packed with tips, stories, and incredible advice, this show will completely revolutionize the way you run your real estate business forever and prove — once and for all — that anyone can succeed no matter their situation. Listen up! In This Episode We Cover: Who exactly Chris is How be obtained 52 units in 3 years The story behind his first duplex Tips for using the BRRRR strategy How he found ways to fund his deals The process he used to create teams to help his investing Quick tips for being persistent How to counter-offer How he finds and offers on deals via the MLS Advice for buying properties while working a full-time job His average purchase price How he uses direct mail marketing How to find great property managers Chris’s $8,000 mistake What the next 6 months look like for him And SO much more! Links from the Show Want to be a Podcast guest? BRRRR Strategy BiggerPockets Webinar BiggerPockets Blogs How to Create Your Own Handwritten Font For Free (For Direct Mail Marketing) (blog) BiggerPockets Portfolio BP Podcast 117: Maximizing Productivity to Get Things Done with David Allen BP Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber BiggerPockets Analysis Tools Books Mentioned in this Show Rich Dad, Poor Dad by Robert Kiyosaki Landlording on Auto-Pilot by Mike Butler The E-Myth Revisited by Michael E. Gerber Getting Things Done by David Allen Tweetable Topics: “There’s always a way. You just have to be determined, be motivated, and not give up.” (Tweet This!) “I’d rather have half of the deals out there than none of the deals because I didn’t start.” (Tweet This!) “If you don’t learn from your mistakes, you’ll never grow in the future.” (Tweet This!) Connect with Chris Chris’ BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

What has five letters but causes so much fear that millions of wannabe investors never get started? That’s right: TAXES. But taxes don’t need to be scary — and understanding and utilizing the tax system can actually help grow your business and help you build incredible wealth. That’s why we’re excited today to sit down with Brandon Hall, a CPA and real estate investor who works exclusively with real estate investors to help them strategize and organize their business in the most cost-saving way possible. We cover Brandon’s real estate journey, including house hacking, LLCs, S-Corps, bookkeeping, and so much more. You’ll love Brandon’s engaging and entertaining personality, and for once in your life, you might even enjoy learning about taxes! In This Episode We Cover: How Brandon realized the need for a CPA through the BP community How he grew his firm through the BiggerPockets Forums The importance of giving value to others The details on his three-unit property Tips for hiring a “leverage property manager” How to find investors in your community The details on his second triplex Why he focuses on multifamily How he funds his deals through FHA loans The way he looks at PMI A mistake he is guilty of when it comes to inherited tenants Training your tenants and other management hacks The tax benefits of house hacking Mistakes he’s made in his real estate investing Tips for finding a good CPA Advice for those deciding whether to use an LLC or not What you should know about LLCs Things to know about the “real estate professional” tax designation When to hire a bookkeeper Common mistakes investors make with taxes And SO much more! Links from the Show BiggerPockets Meet BiggerPockets Webinar BiggerPockets Forums (with new leader feature) BiggerPockets Bookstore BP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat Xero Quickbooks The Tax Implications You MUST Understand Before House Hacking (blog) Looking to Invest Out-of-State? Here’s How to Pick and Analyze a City (blog) The Importance of Reserve Accounts (Or What a Surprise Roof Replacement Taught Me) (blog) BP Podcast 004: Commercial Real Estate Investing With Frank Gallinelli BP Podcast 162: How to Pay Less to the IRS with Amanda Han, CPA BP Podcast 005: Dealing with Death – A Financial Discussion with CFP Neal Frankle Books Mentioned in this Show The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland The Book on Managing Rental Properties by Brandon and Heather Turner What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli It’s Not Rocket Science by Dave Anderson Tweetable Topics: “Don’t try to sell yourself. Let your content sell yourself.” (Tweet This!) “You as the business owner should not be in the bookkeeping.” (Tweet This!) “The ongoing tax strategy throughout the year, that’s the time to save money.” (Tweet This!) Connect with Brandon Brandon’s BiggerPockets Profile Brandon’s Company Website Brandon’s LinkedIn Learn more about your ad choices. Visit megaphone.fm/adchoices

Trying to build a real estate empire while working a full-time job can be tough, which is why many people decide to use a partner to maximize their results. That’s the story on today’s episode of the BiggerPockets Podcast, where we sit down with Rudy Curtler to talk about how he is building a portfolio of college rentals and mobile home parks utilizing a partner. You’ll learn how (and why) Rudy is building his portfolio hundreds of miles from his home, the incredible benefits of investing in mobile home parks (“6x better than houses” according to Rudy), and how he’s able to put together the financing on deals using remarkable creativity! In This Episode We Cover: How Rudy got started with real estate investing How he transitioned from “interested” to “committed“ His first investment What makes a college rental different? How many single family homes he has What a suite equity partner is Tips for those who wanted to start in the college rental niche His view on working with family The difference between investing in mobile home parks and mobile homes The details on his mobile home park How much he rents his mobile homes for Tips on renting out RV pads Why you may want to consider investing in mobile home parks How he manages his properties Thoughts on getting a mobile home dealer license How to get a mind for creative finance And SO much more! Links from the Show BP Podcast 140: The Riches Are in the Niches (Like Student Housing) with Bill Syrios CraigsList BP Podcast 111: A Unique (and Profitable) Real Estate Niche You’ve Probably Never Considered with Jefferson Lilly 21stMortgage ClaytonHomes Berkshire Hathaway LoopNet BP Podcast 194: Achieving Impressive Spreads Through High-End Flips with Justin Silverio BP Podcast 179: Doing the “Impossible” by Buying 100+ Units in His First Two Years with Dale Hensel Angela Duckworth – Grit (video) 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 Think and Grow Rich by Napoleon Hill The Millionaire Fastlane by MJ DeMarco Tweetable Topics: “I think there is a big difference between somebody who’s just interested versus someone who’s committed.” (Tweet This!) “Mobile home parks are another way for us to grow and find the exponential growth potential that’s there.” (Tweet This!) “I didn’t want to stop. We want to keep growing, so we found a way to do it.” (Tweet This!) Connect with Rudy Rudy’s BiggerPockets Profile Rudy’s LinkedIn Learn more about your ad choices. Visit megaphone.fm/adchoices

Is your ultimate goal to increase the spreads of your investments to the point where you can comfortably quit your job? Tune in for a conversation withJustin Silverio, an investor who successfully made the switch to full-time real estate entrepreneur and who is now focusing on the niche of higher-end rehabs. For tips on deal evaluation, how to find contractors for your particular project, and direct mail strategies, don’t miss this inspiring episode of the BiggerPockets Podcast! In This Episode We Cover: Recap on last time Justin was a guest Why he was afraid to close that first deal Why he shifted to higher-end rehabs Market dips — and how he proactively takes advantage of them What key metrics he looks at when evaluating a deal The profit spreads Justin looks for Tips for finding contractors from lower end to higher end How many deals he does now How much he makes on each wholesale deal Tips for creating criteria for prospective properties How Justin does driving for dollars His hoarder house story What you should know about zoning restrictions that affect rebuiling a house How to track a direct mail list His experience quitting his job His most exciting deals And SO much more! Links from the Show BP Podcast 186: How to Get Your First Few Properties — Even in a Competitive Market with Dave Meyer BiggerPockets Webinar BP Podcast 058: Flipping and Wholesaling Homes While Working Full Time with Justin Silverio BiggerPockets Facebook Profile BiggerPockets Forums Dave’s Twitter Account Brandon’s Twitter Account Books Mentioned in this Show The Millionaire Real Estate Investor by Gary Keller Rich Dad Poor Dad by Robert Kiyosaki The New One Minute Manager by Ken Blanchard Tweetable Topics: “When you go to a higher price point, the ability to create a larger profit is just much greater.” (Tweet This!) “If there’s a deal, you will find the money.” (Tweet This!) “It’s really difficult when you start, but after you get through the first couple deals, it gets easier.” (Tweet This!) Connect with Justin Justin’s BiggerPockets Profile Open Letter Marketing Email Justin Learn more about your ad choices. Visit megaphone.fm/adchoices

Everyone knows rental properties can be a great way to build wealth and cash flow. Yet so few people ever take the steps needed to build their portfolio. That’s why we’re excited for you to listen to this week’s episode of The BiggerPockets Podcast! On this show, we sit down with Steve Garner, a North Carolina investor who currently is building and managing a rental portfolio while working a full-time job he loves. You’ll learn several creative methods for finding deals that have worked great for Steve, as well as some of his clever tricks for managing tenants with minimal work! In This Episode We Cover: How Steve got started in real estate How to build courage to get started investing Details on his first deal Why Brandon and Steve love tenant-proofing their properties What “REO” means What REIA is How he landed his second property using Homepath Tips for looking at cash on cash return How many deals has Steve done so far How he finds deals How he handles CapEx How to puts money aside for CapEx Steve’s 10-unit townhomes How he finances his properties Thoughts on managing properties Why he’s very particular when a tenant’s about to leave What his full-time job is The importance of screening and having standards for tenants And SO much more! Links from the Show Denver Startup Week BiggerPockets Jobs Carlton Sheets Cassettes BiggerPockets Webinar BiggerPockets Events BP Podcast 004: Commercial Real Estate Investing With Frank Gallinelli BP Podcast 186: How to Get Your First Few Properties — Even in a Competitive Market with Dave Meyer BiggerPockets Forums Books Mentioned in this Show The Book on Investing with No or Low Money Down by Brandon Turner The Book on Rental Property Investing and The Book on Managing Rental by Brandon Turner and Heather Turner The Millionaire Real Estate Investor by Gary Keller Rich Dad Poor Dad by Robert Kiyosaki Landlording on Auto-Pilot by Mike Butler The Success Journey by John C. Maxwell The Richest Man in Babylon by George S. Clason How to Win Friends & Influence People by Dale Carnegie Tweetable Topics: “I am a long-term buy and hold investor so I try to rent-proof my properties.” (Tweet This!) “The time to get credit is when you don’t need it.” (Tweet This!) “There’s so many good tenants out there that you want to make sure you find that good tenant.” (Tweet This!) “Beyond being a continual learner is taking action.” (Tweet This!) Connect with Steve Steve’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

“I can’t invest in real estate — everything is too expensive” is a common statement used by newbie real estate investors across the world. But is it true? Today on the BiggerPockets Podcast, we’re excited to dig in on the topic with Russell Brazil, an investor from the DC area who has a unique perspective on the wealth-building power of appreciation (AND cash flow!). In This Episode We Cover: How Russell got started in real estate Where he invest (and the prices in that location) Why you should fix your personal finances first Where to cut expenses The snowball effect that happens when you’re not living on the cashflow How the numbers look on his first properties What CapEx is (and other expenses you should be aware of) How many rental properties he has today How he broke even with some of his properties A discussion about appreciation Thoughts on investing in condo units Why he’s planning to invest in residential complexes Why he doesn’t do much flipping anymore How to find investors and partners Advice for new investors Tips for taking advantage of low interest rates And SO much more! Links from the Show BiggerPockets Youtube Channel BiggerPockets Webinar BiggerPockets Bookstore The Simple Action No One Does That Will Make You A Millionaire (blog) BP Podcast 014 : Cash Flow, Creative Finance, and Life with Ben Leybovich BiggerPockets Forums Books Mentioned in this Show The Book on Investing with No or Low Money Down by Brandon Turner The 4-Hour Workweek by Timothy Ferriss The Big Short by Michael Lewis One Up On Wall Street by Peter Lynch Tweetable Topics: “If you want it bad enough, you’ll figure out how to save money.” (Tweet This!) “Cash flow is how I pay my bills, while appreciation is how I build wealth.” (Tweet This!) “Debt is good. I love debt.” (Tweet This!) “The best way we can mitigate risk and make money is by having market knowledge.” (Tweet This!) “Real estate is a ‘relationships’ business.” (Tweet This!) Connect with Russell Russell’s BiggerPockets Profile Russell’s Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast, we’re excited to introduce you to a man who didn’t start investing until later in life but has built an impressive portfolio in the past few years. Even more, he bought his rentals thousands of miles away from where he lives! You’ll learn the inspiring tale of our guest, Bill Manassero, and how he went from running an orphanage in Haiti to buying rental properties and the challenges that transition caused. You’ll also be inspired by Bill’s heart and his real purpose for creating wealth through real estate. You are going to love this powerful episode, and it just might change why you invest in real estate! (And don’t miss Bill’s story of how his family appeared on Oprah!) In This Episode We Cover: Who Bill is (and why he’s hung out with Oprah) Why he built an orphanage How his plans transitioned to real estate Thoughts on investing while nearing retirement The risk profiles for various ages How he focuses on family and not just the money How to reach your freedom number How he and his family got onto Oprah What exactly a turnkey property is — and Bill’s turnkey story A few red flags when it comes to turnkeys His goal of reaching 1,000 units How he finds properties The struggles of reaching his goal, from finding funds to working with the right people How he maintains the property And SO much more! Links from the Show BiggerPockets Videos BiggerPockets Webinar Child Hope International BP Podcast 115: Getting Started with Apartment Complex Investing with Jeff Greenberg BP Podcast 151: Finding Your “Freedom Number” with Clayton Morris Desperate for Tenants in Memphis [Forum Post] BP Podcast 190: Building 61 Different Passive Streams of Income with Pat Hiban BiggerPockets Forums Loopnet BiggerPockets Calculators TEDx Talk by Robert Kiyosaki [Video] 021: Buying Properties with Little or No Money Down with Brandon Turner[Podcast] Books Mentioned in this Show The Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets The ABCs of Real Estate Investing by Ken McElroy The Book on Investing with No or Low Money Down by Brandon Turner Rich Dad Poor Dad by Robert Kiyosaki The 4-Hour Workweek by Timothy Ferriss Tweetable Topics: “I got tired of working for these other folks, so I decided to become an entrepreneur.” (Tweet This!) “I want to be able to go where I need to go.” (Tweet This!) “You gotta get in there and get your hands dirty, and that’s where the learning really starts.” (Tweet This!) Connect with Bill Bill’s BiggerPockets Profile Bill’s Company Website Old Dawg’s Podcast Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you building vertical or horizontal income in your life? If you aren’t sure, don’t miss this exceptionally important episode of the BiggerPockets Podcast, where we talk with Pat Hiban about creating multiple streams of passive income. Pat, who is a New York Times bestselling author, shares his real estate journey with us today, starting from a humble “house hack” to participating in multi-million dollar apartment complex purchases. You’ll also learn why (and how) Pat has 61 different sources of “horizontal” income streams and the best ways to begin building your own. Don’t miss a second of this incredible show. In This Episode We Cover: Pat’s thoughts on being a real estate agent for 28 years Why many real estate agents don’t invest How he obtained his first property by house hacking The story of an illegal alien investor What Section 8 rentals are and why he invest in them The pros and cons of Section 8 tenants How he makes money through college rentals How he manages his properties How to make a property college-proof What exactly a “come bet” is Why he looks for track record before investing with someone A discussion on horizontal streams of income And SO much more! Links from the Show BiggerPockets Videos BP Podcast 188: Using 20+ Years of Studying Market Cycles to Buy Low & Sell High with David Gudmundsen BiggerPockets Webinar GoSection8 BP Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager BP Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman BiggerPockets Forums GoBundance Books Mentioned in this Show Retire Young Retire Rich by Robert Kiyosaki The Surrender Experiment by Michael A. Singer 6 Steps to 7 Figures by Pat Hiban Tweetable Topics: “My biggest regret is not buying a house a year.” (Tweet This!) “On Section 8, I buy where if they find out that I’ll put a Section 8 in there, they’ll be upset.” (Tweet This!) “Create bucket list moments and get the most out of life.” (Tweet This!) Connect with Pat Pat’s BiggerPockets Profile Pat’s Company Website Pat’s Podcast VPACQ Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you looking to ultimately work less, travel more, and life proactively rather than reactively? The key to this life is found in systems. And on today’s episode of the BiggerPockets Podcast, we are excited to introduce you to a guest who’s a master at building systems in his business. Tarl Yarber, an investor in the Pacific Northwest, shares his story of beginning with no money, making $100,000 on a single wholesale deal, and ultimately turning his love for real estate into a profitable business that has done 500 deals. This powerful show is sure to transform the way you run your business forever. Learn more about your ad choices. Visit megaphone.fm/adchoices

Is the real estate market about to collapse? Do we have 10 more years? What’s the future hold? While no one can definitively answer these questions, today’s guest has some keen insight into timing the market, allowing you to “buy low and sell high.” Today, we’re excited to introduce you to David Gudmundsen, an investor who’s been in the game more than 20 years and who’s seen numerous peaks and valleys — and who has learned how to ride the wave. With more than 250 deals under his belt, David is an incredible resource for anyone looking to grow their portfolio — or preserve it — during times of uncertainty. Unless you know exactly where the real estate market is headed next, don’t miss this powerful and entertaining episode! In This Episode We Cover: Why David chose real estate and his first property How he got his first property by assuming a loan How he reached a level of buying a property a month without a college education How Monopoly inspired him to invest in real estate How to balance learning and actually making deals What exactly a wrap is Thoughts on contracts for deeds How many deals he has made What you should know about seller carry back What walking the mortgage is Insight into market cycles and crashes How to read the signs of market cycles What we can learn from the boiled frog analogy What “buying right” really means The importance of not always doing the things others are doing Why it’s important to join real estate club meet ups A couple of his worst and greatest deals And SO much more! Links from the Show BiggerPockets Pro ZBuyer BiggerPockets Webinar BiggerPockets Analysis Tools BiggerPockets Forums Books Mentioned in this Show How to Buy and Manage Rental Properties by Irene and Mike Millin Unlimited Power by Tony Robbins Close That Sale! by Brian Tracy Advanced Selling Strategies by Brian Tracy Tweetable Topics: “I can never win at Monopoly unless I roll the dice and I buy houses.” (Tweet This!) “A good borrower can make a bad loan good, and a bad borrower can make a good loan bad.” (Tweet This!) “Forget location, location, location. It’s all about buy low and sell high.” (Tweet This!) “You just look at what exactly the herd is not doing.” (Tweet This!) Connect with David David’s BiggerPockets Profile Email David David’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of the BiggerPockets Podcast, we talk about a subject many investors debate about: investing in OLD properties. Today’s guest, Dana Bull, has filled her portfolio with properties over 100 years — and she dishes out the good, the bad, and the ugly details. You’ll also learn why Dana focuses on small multifamily properties and she offers some incredible insight into being an effective landlord — no matter your age or experience level. In This Episode We Cover: Why Dana and her boyfriend rented in Salem, the infamous place of witch trials How she bought a house from 1784 Things to note about buying old houses The numbers on their second property Why she wants to avoid inheriting tenants Why Dana seeks one bedrooms with smaller footprints The “stepping stone” property for young professionals Why lead-based paint is an issue Things she’s learned from being a landlord in her mid-twenties A discussion on open houses vs. individual showings How to deal with tenant issues How to know when it’s time to sell The importance of knowing the end goal and taking steps to get there How she managed to juggle full-time jobs and investing How many properties she has now and why she’s just hitting a “target” What she means by the “building years” How she manages her properties What it’s like being a woman investor And SO much more! Links from the Show Josh’s Twitter Account BP Podcast 099: 3 Personal Finance Bloggers & Their First Real Estate Investment with Scott, Lauren, and Philip BiggerPockets Webinar BiggerPockets Forums Books Mentioned in this Show Property Management Kit For Dummies by Robert S. Griswold The Book on Managing Rental Properties by Brandon and Heather Turner The EveryGirl’s Guide to Life by Maria Menounos Tweetable Topics: “All of our properties have some sort of story in them.” (Tweet This!) “If people want your time or if people want to live in your space, they need to respect you and your time.” (Tweet This!) “There are so many approaches you can take, and I think the key is to just start.” (Tweet This!) Connect with Dana Dana’s BiggerPockets Profile Dana’s Company Website Dana’s LinkedIn Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

There are a lot of excuses people use for why they don’t invest in real estate. Maybe they work too much. Maybe they don’t have any money. Maybe the market is too hot. But some — like our guest today — don’t let those difficulties stop them. Instead, they use creativity to overcome obstacles and build a real estate empire. So today on the BiggerPockets Podcast, we are excited to introduce you to Dave Meyer, an investor from the Denver market, who shares his story of buying eight units using creativity, intelligence, and in incredible level of hustle! In This Episode We Cover: Who exactly Dave, the VP of Growth for BiggerPockets, is How his silly neighbor unintentionally encouraged him to buy a house Why he chose his friend as a partner The details of his first deal What he looked for in his first deal The numbers on that deal Would it still be a great deal without the appreciation in Denver? How he raised his funds for this project The importance of acting on opportunities now Who manages his properties? How a tenant built a staircase for him How you can learn the market by working hands-on How Dave bought properties while waiting tables His first experience with house hacking Tips to keep in mind regarding zoning when finding properties And SO much more! Links from the Show Josh’s Twitter Account Brandon’s Twitter Account BiggerPockets Webinar BiggerPockets Forums Dancing with the Stars How Great Leaders Inspire Action by Simon Sinek (TED Talk) Books Mentioned in this Show The Book on No or Low Money Down by Brandon Turner The Ultimate Beginners Guide to Real Estate Investing by BiggerPockets Start with Why by Simon Sinek Leaders Eat Last by Simon Sinek Tweetable Topics: “If you have an opportunity, you’re a fool to ignore it. Find a way to do it.” (Tweet This!) “You learn a tremendous amount if you do hands on things such as screening the tenants, doing the open houses. You learn the market and what people want.” (Tweet This!) “Find the deal and figure out how to get the money to make it happen.” (Tweet This!) “Once you start owning, it feels weird to start paying someone else to live in their house.” (Tweet This!) Connect with Dave Dave’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of The BiggerPockets Podcast, Josh and Brandon sit down with Bill Powers, a real estate investor from the Chicago suburbs, to learn how he went from zero to over 70 units in five yearswhile focusing on lease options — also known as “rent to own.” This powerful strategy is one that anyone can begin using in their business to achieve more cash flow and equity — and today, you’ll learn all the details. Get your pen and paper out for this show — you’ll want to take some notes! In This Episode We Cover: How Bill got started in real estate All the mistakes he made on his first house Tenant screening must-haves How exactly rent-to-own works What the first look program is What you should know about the 2% rule How to not be a predatory investor Tips for running your business the right way A discussion on “instant equity“ Why some people are not fulfilling their lease options A profile of common tenants who go for rent to own What is Dodd-Frank is and how it affects people who use lease options Things to note before going for a lease option What the future of his business is How many hours he works in a week And SO much more! Links from the Show How I Found My Five Latest Real Estate Deals! (Five Different Strategies) BiggerPockets Webinar BiggerPockets Forums Zillow Rent.com Trulia Secure Pay One Books Mentioned in this Show The Book on No or Low Money Down by Brandon Turner The Book on Estimating Rehab Cost by J. Scott The Golden Rules by Bob Bowman Tweetable Topics: “Where rents are highest and acquisition of capital is lowest, that’s where we focus.” (Tweet This!) “I think you can always flip. I think there’s spread on properties all the time.” (Tweet This!) “There are ways to lose money on flips even if you make money — because opportunity cost is a big factor on that.” (Tweet This!) “Don’t be enticed completely by the flip side of things. Look long term.” (Tweet This!) Connect with Bill Bill’s BiggerPockets Profile Bill’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

In today’s humorous episode of the BiggerPockets Podcast, you’ll meet Bill Lublin, a real estate expert who has invested in over 800 deals while also building the largest real estate agency in his state! You’ll learn how Bill got his start in real estate sales, why he was a terrible agent, and the one thing that changed everything. You’ll also hear how Bill has been able to do over 800 investment deals (from single family homes to multifamily to motels to development and more), his management philosophy, and why he thinks investors probably should NOT get their real estate license. In This Episode We Cover: Who Bill is How Bill got into real estate by accident Why work ethic is important Tips for employing hundreds of agents Why some agents don’t buy their own properties What you should know about a wraparound mortgage How he learned to do creative financing How many deals he has done so far (hint: 800 to 1,000) His favorite type of deal How to time your investing (despite the recession) The 4 big things that will give you value-add on a property Sage advice for investing for the long haul How his business and partnership works What the “elephant approach” is And SO much more! Links from the Show Podcast Movement BiggerPockets Webinar BiggerPockets Forums Books Mentioned in this Show The Book on No or Low Money Down by Brandon Turner List More, Sell More by Jerry Bresser The E-Myth Revisited by Michael E. Gerber Tweetable Topics: “You make a living by selling real estate.” (Tweet This!) “Anybody who has a periodic payment is paying somebody else’s mortgage.” (Tweet This!) “I haven’t met anybody who owned a property for 10 years who didn’t make money on it.” (Tweet This!) “You make a profit in the property when you buy it, not when you sell it.” (Tweet This!) “You don’t recognize a loss until you sell something.” (Tweet This!) “The hard part is not doing deals, but finding deals.” (Tweet This!) Connect with Bill Bill’s BiggerPockets Profile Bill’s Website Bill’s Company Website Bill’s Twitter Account Learn more about your ad choices. Visit megaphone.fm/adchoices

What does it take to achieve financial independence? Thousands of deals and a 100+ hour work-week hustle? Not according to today’s guest! Today we bring you an incredible interview with Sarah P. who just one year ago began her journey toward financial independence using rental properties — part-time! You’ll learn how Sarah is building a rental portfolio despite living in one of the most crowded, competitive markets in the world, as well as her best tips on overcoming obstacles, creative finance, and more. This show will not only give you miles of practical advice, it will leave you saying, “I can totally do that!” In This Episode We Cover: How she discovered financial literacy through Mr. Money Mustache How analyzing deals made her feel comfortable buying her first deal How to invest if you’re in an expensive market The details on her first deal How she chose her market Sarah’s thoughts on HOAs How she’s managing her properties How old her properties are How a Home Equity Line of Credit helped her land her first properties What her long-term goal as an investor is How Sarah finds her deals Some obstacles she’s encountered in her investing career What the 2 year rule is How many hours a week she works on her real estate And SO much more! Links from the Show 8 Mile BiggerPockets Webinar Mr Money Mustache BP Podcast 172: Breaking Into Apartment Investing with a 100-Unit First Deal with Jonathan Twombly BP Podcast 180: 58 Deals by Age Twenty-Three with Devan McClish Thumbtack Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki Secrets of the Millionaire Mind by T. Harv Eker The Book on No or Low Money Down by Brandon Turner Rich Dad’s Who Took My Money? by Robert Kiyosaki Tweetable Topics: “My rental income does not count as income.” (Tweet This!) “If they can’t help you, ask who else they know that can help you.” (Tweet This!) “You need to know what to ask because you don’t know what you don’t know.” (Tweet This!) Learn more about your ad choices. Visit megaphone.fm/adchoices

Whether you own a single property or 1,000 units, systematizing your business is the key to growth. That’s why we’re excited to introduce you to Jake Stenziano and Gino Barbaro, a real estate partnership that’s scaled to 674 units in just the past three years. In this explosive interview, Jake and Gino share their story of building a sizable portfolio using a variety of creative methods. You’ll learn about the “hard lumps” they took on their first deal, the mindset changes they needed to take to transform their business, how they financed a 200+ unit apartment for no cash down, and a lot more. This incredible show will not only change your business — it might just change the way you look at life. Learn more about your ad choices. Visit megaphone.fm/adchoices

Let’s be honest: It can be tough to find a great deal in today’s competitive real estate market. If you find yourself in that situation, you are going to love today’s show! Today we hear from Lauren Hardy, a house flipper and wholesaler in the highly competitive Southern California market who overcame a rough beginning to scale her business to several deals a month. You’ll love Lauren’s honesty about quitting her job too early and her straightforward approach to finding deals, evaluating a market, and creating systems that allow her to work and live a full life. And grab some scratch paper — this is definitely one show you are going to want to take some notes on! In This Episode We Cover: What to do when you hail from an expensive location How Lauren got started in real estate Her very first deal Why she loves condos Things to consider when investing in condos How she quit her job — and failed How she spent $25,000 — and got no deals Lauren’s tweaks to her direct mail marketing How she scaled to 2 to 3 deals a month How Lauren’s business works How she uses Podio to make her processes easier How she estimates rehab costs What exactly cash for keys is Flipping shows vs. flipping in real life How she funds her deals with hard money and private money lenders Where is she going with her business How many hours she works in a week And SO much more! Links from the Show BiggerPockets Webinar ListSource REISource Google Earth Darren Daily BiggerPockets Udemy Course Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki Tax Strategies for the Savvy Real Estate Investor by Amanda Han Building Wealth One House at a Time, Updated and Expanded by John Schaub The Compound Effect by Darren Hardy The Entrepreneur Roller Coaster by Darren Hardy Tweetable Topics: “I love what I do, so it doesn’t feel like work.” (Tweet This!) Connect with Lauren Lauren’s BiggerPockets Profile Lauren’s Facebook Profile Lauren’s Instagram Learn more about your ad choices. Visit megaphone.fm/adchoices

What were you doing at 23 years old? Probably not building 17 houses like today’s guest! That’s right — our guest today on the BiggerPockets Podcast is Devan McClish, a real estate investor from Nashville who’s done nearly 60 deals in just the past couple years — using almost no money of his own. You’ll learn how Devan finds deals, raises money, works with contractors, and so much more. This show will go down as one of the greatest in BiggerPockets history — so don’t miss a second of it!   In This Episode We Cover: How Devan got started learning real estate when he was 18 How he convinced a mentor to teach him His first deal 3 years later How to avoid the shiny object syndrome How he landed deals through direct mail How he initially funded his deals Living on $15,000 for a year How to deal with peer pressure when you’re “going cheap” The worst mistake he’s made so far The biggest challenge in the beginning Why finding the deal is harder than finding the money How Devan finds deals Tips on driving for dollars His future goals And SO much more! Links from the Show BiggerPockets Job Opening BiggerPockets Events Advertise with BiggerPockets BiggerPockets Store Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki Think and Grow Rich by Napoleon Hill How I Turned $1,000 into Five Million in Real Estate in My Spare Time by William Nickerson The Intelligent Investor by Benjamin Graham Tweetable Topics: “While my friends are out drinking, I stay at home and try to find the next deal.” (Tweet This!) “Instead of spending $300/month on a brand new car, I’d rather spend that to get another 300 yellow letters out.” (Tweet This!) “Whenever they say you can’t do this, I say watch me do it.” (Tweet This!) Connect with Devan Devan’s BiggerPockets Profile Devan’s Facebook Profile Devan’s Twitter Profile Devan’s Landing Page Learn more about your ad choices. Visit megaphone.fm/adchoices

What stops most people from achieving massive success through real estate? Money? Cheap properties? Knowledge? According to our guest today, it’s fear. That’s why we’re excited to introduce you to Dale Hensel, an investor who’s done everything from single family to multifamily to notes and a LOT more. You’ll be amazed at the simple way Dale used his “ignorance” that something should be hard to build several large, successful businesses — including one real estate company he took public! In This Episode We Cover: Dale’s very first house that he bought in 1996 How hitchhiking led him to figuring what he wanted How he achieved 250 apartments in two and a half years! The need for being confrontational in this business The cool story of how he got started as a landlord How he added multiple properties just because he has no money What exactly a “wrap” is The 3 important pieces of paper in a real estate transaction The benefits of not knowing what’s “impossible“ The difference between performing and non performing notes A discussion about his public company And SO much more! Links from the Show BRRRR Calculator Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki The 4-Hour Workweek by Timothy Ferris The Millionaire Fastlane by MJ DeMarco Tweetable Topics: “I didn’t know that it was supposed to be hard or impossible, so I bought 250 apartments.” (Tweet This!) “I don’t have a filter that says ‘Well, they did it, I can’t.” I have filter that says, ‘If they did it, so can I.'” (Tweet This!) “Take measured, gentle risk until you can push yourself a little further, and realize that you can go a lot further than you ever thought!” (Tweet This!) Connect with Dale Dale’s BiggerPockets Profile Dale’s Facebook Page Learn more about your ad choices. Visit megaphone.fm/adchoices

Trying to build a real estate portfolio when you are brand new and work a full-time job can be tough. That’s why today we are excited to bring you an interview with an investor (and moonlighting stand-up comedian) with a remarkable story of using various “house hacks” to jump into the game. Charlie Kao, who hails from the Detroit, Michigan market, covers his entire investing journey, from condo investing to house flipping to landlording and more. And don’t miss Charlie’s powerful — and incredibly unique — strategy for finding deals through networking! Today’s show is sure to bring new strategies to your business, and the humor will leave you smiling all day! In This Episode We Cover: Where Charlie comes from How he learned real estate from his dad Thoughts on starting off with $5-40k houses A discussion about Detroit The details of his first deal How he realized how to live and flip via working at the bank What exactly an underwriter is Charlie’s first true flip in Grand Rapids Thoughts on valuing your time when it comes to flipping Tips for living in your flip How he started out as a househacker How he lived in the house for two years How it might be difficult to live and flip with kids Tips for getting your spouse on board How to flip while having a full time w-2 job How many flips Charlie has done so far How he finds properties and the price range he looks for The mailman and the foundation specialist as sources of leads How he manages to get stated income loans Some of the worst deals he’s had What would have he done differently if he started all over again And SO much more! Links from the Show BP Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman BiggerPockets Events The Secret to Unlocking Bank Financing Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki The 4-Hour Workweek by Timothy Ferris Maximum Achievement by Brian Tracy The Psychology of Selling by Brian Tracy Tweetable Topics: “The more tools you have in your toolbox, the more projects you can take on.” (Tweet This!) “This is going to be the last time I make this mistake because I’m going to learn from it.” (Tweet This!) “It doesn’t matter how many things you’ve done; there are always things that could happen.” (Tweet This!) Connect with Charlie Charlie’s BiggerPockets Profile Charlie’s Company Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

When you hear the acronym “BRRRR,” what comes to mind? Winter? Well, today on the BiggerPockets Podcast, we’re going to talk about BRRRR — and, no, we’re not talking about the temperature! On this powerful episode, we dive deep into one of the most popular and exciting strategies for real estate investors today — the BRRRR strategy (Buy-Rehab-Rent-Refinance-Repeat). We talk with Ben Walhood, a real estate investor from the Chicago suburbs who has found tremendous success buying properties in several states using BRRRR, as well as several other strategies. You’ll learn why it took Ben nearly ten years to “take off” as an investor, as well as the best tips he has for finding success today. Grab a notebook and pencil — because this is one show you’ll want to take some notes! In This Episode We Cover: Tips for switching from the linear path of a sales person to a real estate investor What a “no doc loan” is How Ben bought his first house in college to house hack How he learns each market he gets into The story of how he failed horribly on his second deal What to do when you get calls from tenants in the middle of the night Why every strategy could work How he got better with his type of properties over time The best deal he’s had Why you have to fail to succeed Tips on the BRRRR strategy How many properties Ben has What you should know about CapEx Tips for using insurance companies How to perform a walkthrough of a typical BRRRR deal The downsides to this strategy Tips for short-term financing through crowdfunding Where is Ben going with his investing How we was able to quit his job through investing And SO much more! Links from the Show BiggerPockets Calculators (includes BRRR Calculator) RealtyShares BP Podcast 151: Finding Your “Freedom Number” with Clayton Morris BiggerPockets Forums Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki The Book on Rental Property Investing by Brandon Turner Investing in Real Estate by Gary Eldred Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki Eat That Frog! by Brian Tracy Tweetable Topics: “I just hated the idea of throwing away money on rent every month.” (Tweet This!) “Find people that choose to rent and not ones that need to rent.” (Tweet This!) “I had to try and fail before I could figure out what success looked like.” (Tweet This!) “It’s all about putting in the right people and putting some terms in your lease.” (Tweet This!) Connect with Ben Ben’s BiggerPockets Profile Ben’s LinkedIn Ben’s Company Profile Learn more about your ad choices. Visit megaphone.fm/adchoices