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Want financial freedom through real estate investing? Then the BiggerPockets Real Estate Podcast is for you. Sit down every Monday, Wednesday, and Friday with Dave Meyer, the Head of Real Estate at BiggerPockets, as he uncovers tried and true tactics and shares candid conversations with real estate investors who are building wealth in today’s market. Join Dave to walk through deals that went right (and wrong) and learn the strategies you can deploy—start growing your side income today to take control of your financial future.
174: Lessons Learned From 2,000+ Transactions Over 44 Years with Dave Short
Around BiggerPockets, we often encourage newer investors to sit down with an experienced real estate investor to “pick their brain” and soak up their wisdom. Today on the BiggerPockets Podcast, we want to do just that. Dave Short began investing in real estate nearly half a century ago and has an incredible level of insight into the ups and downs of building wealth through real estate. We cover everything from overcoming failure to flipping a hundred houses in four years and much more!
In This Episode We Cover:
How he got started in real estate from a factory job 44 years ago
The grave need for property management and liquidating their business
Thoughts on going through investing with over a million dollars in debt
Tips for making partners instead of having bank relationships
How help from the outside opened his eyes
Why you should stay in the game despite failures
The importance of working with the right people
How many transactions he has done over his real estate career
How he flips a house
Who’s on his team
How to hook a spouse on investing in real estate
How he buys his deals
How to get a good transaction as a wholesaler
Making a deal by solving other people’s problems
How to show yourself to be legit as a wholesaler
Why you should find a veteran investor in your market
What “pre-habbing” a house is
And SO much more!
Links from the Show
BiggerPockets Jobs
Google Play
Tim Ferris’ Podcast
BP Podcast Show 91: Getting Started as a Real Estate Wholesaler with Ben Grise
BiggerPockets Keyword Alerts
BiggerPockets Meet
BiggerPockets Analysis Tools
BiggerPockets Forums
Books Mentioned in this Show
The 4-Hour Workweek by Timothy Ferriss
The Book on Rental Property Investing by Brandon Turner
The ONE Thing by Gary Keller and Jay Papasan
The Millionaire Real Estate Investor by Gary Keller
Burst This! by Frank McKinney
Unlimited Power by Anthony Robbins
Awaken the Giant Within by Tony Robbins
Tweetable Topics:
“The management is the key to success, and real estate is just the vehicle.” (Tweet This!)
“In buying and selling real estate, every house has 2 to 4 solutions.” (Tweet This!)
“The beauty in staying in the real estate business for 44 years is if you’re in a slump for 4 years, that’s only 10% of your career.” (Tweet This!)
“If you can’t ask the right questions, then you’ll never get to the solution.” (Tweet This!)
“I never look at them as competition. They’re people we work together with, and we can all make a living.” (Tweet This!)
Connect with Dave
Dave’s BiggerPockets Profile
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:16:0212/05/2016
173: Flipping 100+ Houses in an Expensive, Competitive Market with Steve Jones
House flipping can be incredibly profitable and fun — but for many people, trying to make it work is next to impossible because of the high cost of homes. That’s why on this episode we’re excited to chat with Steve Jones, a house flipper from Southern California who has flipped over 100 deals in his neighborhood. Steve’s advice is rock solid for anyone looking to grow their real estate business — and you are going to love his advice about open houses. Steve’s perspectives just might change how you do real estate forever.
In This Episode We Cover:
Thoughts on investing in Southern California
How Steve got started in real estate
The first home he flipped
What exactly a “condo conversion” is
How he’s done over 100 flips so far
How Steve finds his deals
What you should know about looking for hidden value
Steve’s formula for evaluating a deal
How he flips a deal
What he typical spends on a normal rehab
The worst flip he’s ever done
How to think with the buyers in mind
Tips for getting an A-team contractor
How to learn from contractors
The importance of developing a thorough scope of work
Why deals are relationship based
How to calculate land value
What happens when people lose their money
Things that he loves about flipping houses
The “slow flip”
Becoming an expert on your neighborhood
And SO much more!
Links from the Show
Fake F***ing Flowers (video)
BiggerPockets Calculators
Books Mentioned in this Show
Rich Dad Poor Dad by Robert T. Kiyosaki
Why We Buy: The Science Of Shopping by Paco Underhil
Tweetable Topics:
“We always bring the indoors outdoors — and bring the outdoors in.” (Tweet This!)
“You have to have an appetite for risk.” (Tweet This!)
“Your best price is always going to be your first price.” (Tweet This!)
Connect with Steve
Steve’s BiggerPockets Profile
Steve’s Company Website
Steve’s Instagram
Steve’s Twitter
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:08:0905/05/2016
172: Breaking Into Apartment Investing with a 100-Unit First Deal with Jonathan Twombly
Have you ever dreamed of owning large apartment complexes? If so, don’t miss this powerful interview with Jonathan Twombly, a real estate investor whose very first deal had over 100 units! You’ll learn why Jonathan skipped the “small deal phase” and jumped right into big deals — and how he’s gone from nothing to over 400 units in the past several years. This show offers an incredibly realistic view of what it actually takes to break into the apartment complex market!
In This Episode We Cover:
How Jonathan got out of the law industry and into real estate investing
The partnership that changed his life
How you can always find deals within 100 miles
The details of Jonathan’s first deal
What to do when someone cancels the deal
How financing contingency works
How he structures his deals
Tips for establishing yourself with brokers
The due diligence list to show to brokers
The importance of asking your friends for introductions
Why you should focus on the relationship aspect of investing
The details of Jonathan’s first successful deal
Why you should consider buying the “unsexy” properties
Tips on looking for deals
How he makes money through syndication
His strategy on making 400-unit deals
How he manages properties
What you should know about underwriting a deal
Things he would done differently if he started all over again
And SO much more!
Links from the Show
BiggerPockets on Google Play
10 Things To Do Before Doing Your First Deal (blog)
Books Mentioned in this Show
The Wall Street Journal. Complete Real-Estate Investing Guidebook by David Crook
Logistics Clusters by Yossi Sheffi
The War of Art by Steven Pressfield
The 4-Hour Workweek by Timothy Ferriss
Tweetable Topics:
“You don’t know what the heck you are doing, but you’ll figure it out when you start somewhere.” (Tweet This!)
“If you are a new investor, it’s not about how much money you have but about how many deals you have closed.” (Tweet This!)
“Persistence is 90% in business and then the other 10% is not being an idiot.” (Tweet This!)
Connect with Jonathan
Jonathan’s BiggerPockets Profile
Jonathan’s Blog
Jonathan’s Company Website
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:18:0128/04/2016
170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman
On this inspiring episode of the BiggerPockets Podcast, we sit down with real estate entrepreneur Andrew Cushman to learn how he went from a full-time job as a chemical engineer to a house flipper and finally a real estate syndicator, buying over 1400 units in less than a decade. You’ll learn how Andrew finds deals, manages the rehabs on a large scale, raises money for large apartment purchases, and more. Don’t miss a moment of this powerful show!
In This Episode We Cover:
How Andrew started as a chemical engineer — then got into investing
Why he trusted his mentor from the outset
How many flips he has done so far
Tips for scaling from 0 to 24 flips in 5 years
The details of his first flip
A discussion on buying pre-foreclosure properties
The story of making 4,575 phone calls before getting his first deal
The importance of believing in yourself and believing in the system
How Andrew has flipped 24 properties and 1,470 apartments
How he made money on the first flip
How to scale by building a system
How to find pre-foreclosed deals
The best flip he’s ever completed
Tips on weird houses
His first apartment deal
Why he doesn’t recommend a heavily distressed deal
The difference between single family and multifamily properties
How to become a “sophisticated investor“
How he find apartment deals
And SO much more!
Links from the Show
Webby Awards
Bloomberg
DowJones
HarvardBusiness
Wired
Forbes
CNN Money
BiggerPockets Calculators
Foreclosure.com
PropertyRadar
Realtytrac
How to Buy a Foreclosure : The Comprehensive Guide to Buying a Foreclosed Home
General Foreclosure & Pre-Foreclosure Forums
BRRRR Strategy
GoBundance
BP Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
BP Podcast 166: How Modeling Greatness Can Get You To 100+ Deals with Matt Aitchison
BP Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene
1 Life Fully Lived Organization
Slack
Books Mentioned in this Show
Rich Dad Poor Dad by Robert T. Kiyosaki
The One Thing by Gary Keller and Jay Papasan
The E-Myth Revisited by Michael E. Gerber
Emerging Real Estate Markets by David Lindahl
Multi-Family Millions by David Lindahl
Start with NO by Jim Camp
Tweetable Topics:
“This system will work so I’m going to make it work.” (Tweet This!)
Connect with Andrew
Andrew’s BiggerPockets Profile
Andrew’s Website
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:11:3914/04/2016
169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene
What does it take to truly find success in real estate — especially when you make an average salary and live in an expensive city? That’s the topic of today’s show, where we sit down with David Greene, a full-time police officer in the San Francisco market who’s managed to buy multiple deals in the past several years through mass hustle and persistent deal-finding. You’ll learn how David finds deals, invests both in-and-out-of-state, and finances those deals on a cop’s salary! This show is sure to motivate and educate you to do more deals this year!
In This Episode We Cover:
Who David Greene is and how he bought a $565k house for $195k
The challenges of renting out a house
His tips for first time landlords
Thoughts on credit checks
How to use property managers as advisors
Steps for buying property from afar
The second hurdle he met while investing
What you want in a real estate agent
How he got financing despite his profession
Looking at investing like the Golden Real Estate Warriors to save money
The importance of working hard to reach your goals
A discussion on investing in notes — the downsides and upsides
David’s game plan
Why consistency is key to reaching success
And SO much more!
Links from the Show
Keyword Alerts
Tenant Screening: The Ultimate Guide
How To Rent Your House: The Definitive Step by Step Guide
How to Invest in Real Estate with Just 5 Spare Hours Per Week
Be Like Elon (image)
BackstreetBoys Documentary on MTV
Jeff Brown’s BiggerPockets Profile
Compound Interest Spreadsheet
BiggerPockets Instagram Post (Quote)
BP Podcast 034: Virtual Real Estate Investing and How to Find Great Deals in a Hot Market with Anson Young
Andrew Cushman’s BiggerPockets Profile
BiggerPockets Webinar
Books Mentioned in this Show
The Book on Rental Property Investing by Brandon Turner
The Richest Man in Babylon by George S. Clason
So Good They Can’t Ignore You by Cal Newport
The Millionaire Real Estate Agent by Gary Keller
The Millionaire Real Estate Investor by Gary Keller
Rich Dad Poor Dad by Robert T. Kiyosaki
Tweetable Topics:
“You can do everything wrong in real estate at the beginning. If you hold on long enough, it’s going to work out.” (Tweet This!)
“You have to embrace that it’s hard and be glad that it is.” (Tweet This!)
Connect with David
David’s BiggerPockets Profile
David’s Website
David’s Facebook Profile
David’s LinkedIn Profile
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:09:2407/04/2016
168: Building Hundreds of Homes to Sell or Rent with Cameron Skinner
Today we’re excited to bring you an interview with a savvy investor who’s done over 500 deals — Cameron Skinner. Cameron got his start with new construction spec builds in the late 1990s and due to the changing economy created an interesting twist that we know you guys are going to just love. This episode is packed with incredible, actionable advice that will leave you shouting, “I’m totally going to do that strategy!”
In This Episode We Cover:
How Cameron got started by partnering with someone
Why he started with new construction
Can anyone build to rent?
How to calculate capex and why it’s important
What exactly cost segregation is
How to get tax benefits now
How many deals Cameron has done so far
His experience during the crash
What you should know about how lease options work
When to seek professional advice regarding the laws in your area
How to know your market
Downsides of the build-rent strategy
Tricks for finding the best contractor
How he completed so many deals without picking up a hammer
How to keep an “investor mindset” to find the best deals
The importance of finding out your skill set
Why Cameron has no employees
The cost of tearing down a property
And SO much more!
Links from the Show
BiggerPockets Analysis
BiggerPockets Calculators
BiggerPockets Forums
Keyword Alerts
BiggerPockets Meet
Tax, Legal Issues, Contracts, Self-Directed IRA Forum Category
Books Mentioned in this Show
The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matt MacFarland
Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
The Richest Man in Babylon by George S. Clason
Thou Shall Prosper by Rabbi Daniel Lapin
Tweetable Topics:
“I’m not worried about 20 years from now because I might be dead — so I want to take the tax benefits now.” (Tweet This!)
Connect with Cameron
Cameron’s BiggerPockets Profile
Learn more about your ad choices. Visit megaphone.fm/adchoices
59:3931/03/2016
167: 0 to 25 Units in Your First Year (Part-Time!) with Kevin Wood
People have a lot of excuses about why they aren’t’ investing in real estate. “I work too much.” “I live in an expensive area.” “I don’t know enough.” But on today’s show, we sit down with a BiggerPockets member who is absolutely crushing it — despite a full-time job, living in Silicon Valley, and being brand-new to real estate. You’ll learn how Kevin Wood has managed to go from zero to twenty-five deals in under a year, largely using networking on BiggerPockets to make it happen. You’ll be inspired, motivated, and educated to get off the bench and jump into the game!
In This Episode We Cover:
How Kevin went from 0 to 25 units in less than a year
How to overcome the fear of buying that first deal
How BiggerPockets helped Kevin focus on his investing
The “condo mistake” Kevin almost made for his first deal
How to have a competitive advantage
Tips for approaching other investors
Why (and how) Kevin bought five houses at once for his first deal
The logistics of buying five properties at once as a newbie
How to know if you’re buying a good deal or not
The benefits of analyzing 100 deals
Investing in stocks vs. real estate
How to make a good partnership
Tips on working with partners — the good, bad, and ugly
How to introduce yourself on BiggerPockets
How Kevin got a $200,000 discount on his 6-plex
The 14-unit turnaround — and the drama associated with it
How to work with a designer to get the best look for a unit
A discussion on contractors and how to find them
How to manage a multifamily complex
The caveats associated with big fixer-upper deals
Tips on going for package deals
The genius negotiating strategy Kevin uses to get incredible deals
And SO much more!
Links from the Show
BiggerPockets is hiring!
BiggerPockets’ Twitter
Mail BiggerPockets Support
Real Estate Deal Analysis and Advice Forum Category
BiggerPockets Calculators
BiggerPockets Forums
BiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian Burke
BP Podcast 076: Growing Your Real Estate Company Into a $30 Million Dollar Business with Brian Burke
BP Podcast 152: Building Wealth and Passive Income with Rental Properties with Ben Leybovich, Brian Burke, and Serge Shukhat
BiggerPockets Webinar
Keyword Alerts
Rob Regan’s Website
BP Podcast 077: Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael Quarles
Sharon Tzib’s Profile
Before and After Images
Before
After Rehab
Books Mentioned in this Show
Rich Dad Poor Dad by Robert Kiyosaki
Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
Investing in Apartment Buildings by Matthew Martinez
The Millionaire Real Estate Investor by Gary Keller
The 4-Hour Workweek by Timothy Ferriss
The One Thing by Gary Keller and Jay Papasan
Tweetable Topics:
“Once you have that first deal, you suddenly become more legitimate.” (Tweet This!)
“Once the number makes sense, then we do everything we can to find the yes.” (Tweet This!)
“Never compromise in your returns.” (Tweet This!)
Connect with Kevin
Kevin’s BiggerPockets Profile
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:24:3724/03/2016
166: How Modeling Greatness Can Get You To 100+ Deals with Matt Aitchison
One of the best ways to achieve incredible results in your life is to model others who have succeeded before. At least- that’s how our guest today was able to do over 100 deals- all before his 28th birthday! Today Matt Aitchison shares his story of overcoming a rough past and how he used real estate to define an incredible future. This powerful show is slammed packed with actionable tips and tactics that YOU can use, right now, in your business to increase your net worth through real estate investing! This show is bound to go down in the books as one of the greatest shows in BiggerPockets history!
In This Episode We Cover:
How Matt learned to invest as a child!
Matt’s first deal – that made him $100,000
Teaching your kids about real estate investing
Building a sizable real estate team
How Matt “models” others to achieve success
How to attract a mentor
The importance of “showing up“
What makes a good wholesaler?
The creative strategy Matt uses to buy properties for $0 out of pocket!
How to vet a borrower if you are the lender
How Matt handle the phone leads in his business
Hiring an intern to replace your day-to-day tasks
The actual response and conversion rates Matt gets from direct mail
And SO much more!
Links from the Show
New PRO Feature: Keep Track of Colleagues Through Lists! (forum post)
BiggerPockets Pro
BiggerPockets Calculators
BRRRR Strategy
Grays Harbor HomeBuyers
GoBundance
Books Mentioned in this Show
The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matt MacFarland
Rich Dad Poor Dad by Robert Kiyosaki
Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
The ABCs of Real Estate Investing by Ken McElroy
Essentialism: The Disciplined Pursuit of Less by Greg McKeown
The One Thing by Gary Keller and Jay Papasan
Tweetable Topics:
“If you’re not keeping score you’re just practicing.” (Tweet This!)
“Life rewards the people who show up everyday.” (Tweet This!)
Connect with Matt
Matt’s BiggerPockets Profile
Matt’s Facebook Profile
Matt’s Company Website
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:43:4117/03/2016
164: Scaling from 0 to 400+ Deals Through Real Estate Entrepreneurship with Steve Mills
What’s it truly take to go from beginner to advanced in real estate? On this episode of the BiggerPockets Podcast, we sit down with Steve Mills, who shares exactly how he was able to overcome a bad first deal, find mentors, work with a partner, and eventually do more than four hundred real estate deals! This show is both highly motivating and informative and will definitely leave you with some great nuggets that you can use in your business to buy more real estate and have more fun doing it!
In This Episode We Cover:
Where Steve comes from and a discussion about Detroit
How he got into real estate
The entrepreneurial mindset
Why you should educate yourself
What his first deal looked like
The importance of using bad deals as a learning experience
Thoughts on selling via a land contract
Why Steve chose wholesaling
Details on his first wholesale deals
How to negotiate your way to getting deals
What you should know about zoning
How to understand a lead
Functional obsolescence
Changing strategies as your business grows
A discussion on commercial real estate
How to find the confidence to do deals
And SO much more!
Links from the Show
BP Podcast 093: 0 to 400 Deals (in 5 Years!) via Smart Marketing with Erik Stark
BiggerPockets Forums
Books Mentioned in this Show
Think and Grow Rich by Napoleon Hill
Rich Dad Poor Dad by Robert Kiyosaki
Psycho-Cybernetics by Maxwell Maltz
Tweetable Topics:
“Real estate allows so much opportunity and growth in life.” (Tweet This!)
“Having a group and joining one created a confidence in me.” (Tweet This!)
“You can’t go acting broke and talking money.” (Tweet This!)
Connect with Steve
Steve’s BiggerPockets Profile
Steve’s Facebook
Steve’s LinkedIn
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:22:0403/03/2016
163: Making Your Real Estate Business Soar While Working a Full-Time Job with Bill Allen
Having a full-time job can make investing in real estate tough. However, with the right systems, people, and plan, your business can thrive no matter how few hours you have to dedicate towards it! In this episode of the BiggerPockets Podcast, we sit down with Bill Allen, a navy pilot who’s done just that in a very short time. We talk about hiring your first employee, finding good deals, using low down payment loans to fund your deals, and a lot more. If you are looking to make your real estate business launch into the stratosphere, don’t miss a moment of this show!
In This Episode We Cover:
What Bill does aside from being active duty in the U.S. Navy
How he got into the real estate world
The importance of being able to walk away from a house
What you should know about the housing assistance program
His $185k loss in an investment
The difference between buying rentals and buying primary residences
His first investment property
What exactly a VA loan is
How he uses VA loans creatively to finance his investing
How to treat real estate as a business
Mistakes on his first flip and what he could have done better
How Bill got private money despite not having deals under his belt
Tips for flipping while having a full time job
How to structure your business to maximize the potential in your market
Considerations while hiring your first employee
The importance of setting task lists
How to incentivize those you hire
How many deals has Bill done
Thoughts on diversifying your business
Tips for creating a good website
How to funnel your leads
And SO much more!
Links from the Show
The BiggerPockets Team
House Hacking 101
WordPress
ThemeForest
BP Podcast 144: Getting Out of Your Comfort Zone and Kicking Butt at Real Estate with Danny Johnson
BP Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan
BP Podcast 077: Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael Quarles
Books Mentioned in this Show
The Book on Investing with Low or No Money Down by Brandon Turner
The Book on Flipping Houses by J. Scott
The 4-Hour Workweek by Timothy Ferriss
Flipping Houses Exposed by Danny Johnson
The Bogleheads’ Guide to Investing by Taylor Larimore
The Millionaire Next Door by Thomas J. Stanley
The One Thing by Gary Keller and Jay Papasan
Tweetable Topics:
“It’s not emotional. I buy it as an investment property.” (Tweet This!)
“If they can do it, I can do it.” (Tweet This!)
“Know what the value of something is before you pay for it.” (Tweet This!)
Connect with Bill
Bill’s BiggerPockets Profile
Bill’s Personal Website
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:14:4525/02/2016
162: How to Pay Less to the IRS with Amanda Han, CPA
No one likes paying taxes, so let’s talk about how you can pay FAR less to the IRS! On today’s show, we sit down with real estate investor and CPA Amanda Han, the author of the brand new book The Book on Tax Strategies for the Savvy Real Estate Investors. In this powerful (and fun!) interview, you’ll learn about the biggest tax mistakes investors make when setting up — and running — their real estate business. This interview could literally save you thousands of dollars! Dig in!
In This Episode We Cover:
The new book that will help you save money
Who Amanda Han is and how she became CPA to an investor
Why the Tax Code is a language on its own
The importance of working with a CPA in regard to the Tax Code
The big list of people who screw up their taxes
Getting the right legal entity on the first deal
The two things to ask your CPA
Legitimate tax deductions you should know
Getting deductions from equipment
What you should know about the home office deduction
Other neglected deductions
A discussion on income shifting
Why you need to make sure you keep receipts
How to figure out if an activity is deductible through a CPA
Important retirement strategies
What you should know about self-directed investing
The basics of a 401(k)
The tax deferred and leverage concepts all rolled into one
Tips for getting benefits from depreciation
Entities and mistakes people make with them
How having corporations save on tax
Why you need proactive planning
And SO much more!
Links from the Show
BP Podcast 049: Real Estate Tax Tips, Jokes, and Loopholes With Amanda Han
BP Podcast 011 : The Ultimate Beginner’s Podcast For Real Estate Investors
BiggerPockets Podcast
SenseFinancial
4 Depreciation Tax Mistakes Investors Need to Avoid
BiggerPockets Webinar
BiggerPockets Store
BiggerPockets Forums
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
The 4-Hour Workweek by Timothy Ferriss
Tweetable Topics:
“Within the Tax Code, there are a lot of loopholes.” (Tweet This!)
“As long as you can show that it is necessary for your business, it should be a tax reduction.” (Tweet This!)
“Depreciation is not a choice.” (Tweet This!)
Connect with Amanda
Amanda’s BiggerPockets Profile
Amanda’s Website
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:15:1318/02/2016
161: Turning Good Income Into Incredible Legacy Wealth with NFL Star Ryan Broyles
A lot of people make good income from their jobs, but few are able to turn that income into lasting, generational wealth. That’s why we’re super pumped to bring you this interview with professional football player Ryan Broyles. Ryan shares the strategies he used to turn the money made from football into rental properties that will provide for his future for decades to come. Ryan candidly talks about the creative strategies he’s used to pull off some impressive deals, the keys to working with partners, living life on a budget, and more. This episode is bound to change your outlook on investing, whether you are a football fan or not!
In This Episode We Cover:
Who Ryan Broyles is
A mandatory discussion on the NFL (and the Broncos!)
Why he got into real estate investing
Ryan’s first deals
What exactly “legacy income” is
How to avoid bankruptcy after a career
Thoughts on lobbying for the rookie symposium
How to know if you can trust a potential partner
How to do your homework when investing with a partner
What it was like when he was a first-time landlord
Why you shouldn’t overthink making deals
How Ryan manages via an LLC
What you should know about bulk deals
How he buys houses
Why you should mix cash flow and appreciation
The importance of continuous learning
A micro way of thinking about budgeting
A discussion on living within your means
A look at Ryan’s blueprint
What to do when you reach your goals
Why you should have a “unit perspective” in real estate
What Ryan’s long term plan looks like
And SO much more!
Links from the Show
Josh’s Twitter
BiggerPockets Forums
BiggerPockets Twitter
Books Mentioned in this Show
Rich Dad Poor Dad by Robert Kiyosaki
Investing For Dummies by Eric Tyson
Tweetable Topics:
“You can keep exploring real estate your whole life.” (Tweet This!)
“If I don’t get the best deals, I’m not going to take them because I’m already where I want to be.” (Tweet This!)
Connect with Ryan
Ryan’s Website
Ryan’s Twitter
Ryan’s Facebook
Learn more about your ad choices. Visit megaphone.fm/adchoices
59:4811/02/2016
Getting Started Investing in Real Estate - An Interview with My Real Estate Mentor
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:13:1304/02/2016
160: From 0 to 50 Flips in 5 Years (While Still Working a Job!) with Stefanie Marshall
Today on the BiggerPockets Podcast, we sit down and chat with Stefanie Marshall, an investor from Northern California who has flipped more than 50 properties in the last five years, all while working a job as an accountant! In this powerful (and hilarious) interview, Stefanie shares how she jumped into the flipping game, how she managed to purchase a property in California for just $30,000, the sad story of losing $100,000 on a single flip, and how she bounced back to create an impressive flipping empire! Don’t miss a second of this fun, informative (and often sarcastic) episode!
In This Episode We Cover:
What Stefanie does in real estate
How she got started
How she completed 60 deals in a span of five years
Tips for investing while having a day job
How she started without knowing much and ended up being saved by a contractor
Thoughts on finding a good partner
Some of Stephanie’s deals that went wrong
Where is the line when doing a price reduction
What to do when something goes wrong in the middle of a flip
Why you anticipate “I don’t know what’s going wrong” expenses
Where she currently invests and what the market is like
The minimum profit she tries to shoot for
How a flat fee listing works
The importance of being represented well in a deal
How she finds deal through auctions
What cash for keys is
How to research properties before going to an auction
How she finds deals today
The female perspective on investing
Thoughts on having a team and building systems
And SO much more!
Links from the Show
Auction.com
BP Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
You know you’re a Female Investor when… [Forum thread]
BiggerPockets Forums
BP Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber
BiggerPockets Press
Books Mentioned in this Show
The Book on Investing with No and Low Money Down by Brandon Turner
The Book on Rental Property Investing by Brandon Turner
The Book on Flipping Houses by J. Scott
FLIP: How to Find, Fix, and Sell Houses for Profit by Rick Villani
Rich Dad Poor Dad by Robert Kiyosaki
The E-Myth Revisited by Michael Gerber
The 10X Rule by Grant Cardone
Tweetable Topics:
“Everything does not have to be always bigger and better.” (Tweet This!)
“Your first loss will be your smallest loss.” (Tweet This!)
Connect with Stefanie
Stefanie’s BiggerPockets Profile
Stefanie’s Company Website
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:20:3304/02/2016
159: How to Build a Real Estate Business That Buys 60 Deals a Year with Nathan Brooks
Anyone can buy a house. However, it takes a special kind of business (and business owner) to buy dozens of deals every year. That’s the story on today’s episode of the BiggerPockets Podcast, when we sit down with Nathan Brooks to talk about how he went from casual investor to buying nearly sixty deals last year. You’ll learn the key hires that made this transition possible, the process for hiring the perfect team members to work your systems, Nathan’s story of bringing in a partner to help scale, and so much more. If you are looking to really expand your business through partners, employees, and processes, dive into this powerful episode!
In This Episode We Cover:
Nathan’s beard, the bear from The Revenant
A recap of his last show
The importance of sitting down with your mentor
How to diversify your income streams
Why he started his own property management company
The companies he’s worked with before
How to avoid working with the wrong company
Nathan’s current number of employees
How he builds systems within his business
How to figure out what you’re good and bad at
What you should know about partnerships and finding the right people to work with
How Nathan’s hiring process works
How to know who to hire first
The time value of money
How to relay a process to an assistant
The importance of creating one-pager how tos
What exactly lifestyle design means
Whether it’s really possible to step away from work for six months
How to figure out your freedom number
One thing that made a huge impact on his business in the past few years
Why he keeps on learning and learning
And SO much more!
Links from the Show
$140,805.92 profit on our first flip…Thank you Bigger Pockets! [forum post]
Evernote
BP Podcast 087: How to Thrive After The Collapse of a Real Estate Empire with Nathan Brooks
BP Podcast 146: Buying 100+ Units Through Word of Mouth Marketing with Enrique Jevons
BP Podcast 151: Finding Your “Freedom Number” with Clayton Morris
Books Mentioned in this Show
The Book on Investing with No and Low Money Down by Brandon Turner
The 4-Hour Workweek by Timothy Ferriss
6 Months to 6 Figures by Peter Voogd
No Hero by Mark Owen
The Book on Rental Property Investing by Brandon Turner
The Millionaire Real Estate Investor by Gary Keller
Good to Great by Jim Collins
Tweetable Topics:
“Don’t focus on your weaknesses, focus on your strengths.” (Tweet This!)
“There’s always a person who’ll appreciate whoever you are and ride the rollercoaster with you.” (Tweet This!)
Connect with Nathan
Nathan’s BiggerPockets Profile
Nathan’s BiggerPockets Blogs list
Nathan’s Company Website
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:12:5528/01/2016
158: An Easy-to-Follow Blueprint for Building Your Real Estate Deal Pipeline with Jeff DeCarlo
Great real estate deals can be hard to find in a competitive market. So how do some investors manage to find multiple deals every month? That’s the focus of today’s show, where we sit down with active real estate entrepreneur Jeff DeCarlo as he shares his step-by-step blueprint for getting hundreds of leads from motivated sellers! You’ll love the “extra mile” Jeff goes to ensure his real estate pipeline never dries up!
In This Episode We Cover:
What Jeff did before he started investing
How he was laid off during the crash
The first wholesale deal he completed
How he learned things that courses don’t teach
The details of Jeff’s first deal
What transactional funding is
What investors should know about wholesaling
Two different ways to close deals when wholesaling
The costs involved in wholesaling deals
Great tips for getting a mentor
The main focus of Jeff’s business today
How to wholesale 4 deals per month
What to do when problems arise
How to stay in control of your deal
The strategies he uses to invest
What you should know about direct mail marketing
What to do with bad addresses
How Jeff puts together his mailing list
How to get deals despite being the “smaller guy”
The difference between those who persist and those who don’t
Tips for estimating repairs
A discussion on partnering with other wholesalers
And SO much more!
Links from the Show
BiggerPockets Courses
Intelius
BiggerPockets Webinar
Vumber
Podio
Books Mentioned in this Show
Pitch Anything by Oren Klaff
The Book on Flipping Houses by J. Scott
The Millionaire Real Estate Investor by Gary Keller
The 10X Rule by Grant Cardone
Tweetable Topics:
“If you never get to your first deal, you will never figure stuff out.” (Tweet This!)
“The experience is worth more than even getting that big first cheque.” (Tweet This!)
Connect with Jeff
Jeff’s BiggerPockets Profile
Email Jeff
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:16:3921/01/2016
157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
He was clinically dead for six minutes. No heartbeat. No sign of life. But Hal Elrod came back from this devastating event and has impacted millions in the process through his bestselling book, The Miracle Morning. Today on the BiggerPockets Podcast you’ll hear Hal’s full story, from the drunk driver that nearly ended everything to the lessons he learned that completely revolutionized his life. Hal’s story — and his advice on reaching your full potential — is sure to rock your life and leave you forever changed for the better. No matter what stage of your real estate investing business you find yourself in today, this show is about to help you get to the next level. Hang on tight!
In This Episode We Cover
How to raise your potential for success
Who Hal Elrod is
Hal’s devastating accident
The first book he wrote
Details on his second book and why he started doing his morning ritual
Why he was depressed to the point of losing his house
The Morning Rituals
The 6 most powerful proven personal development practices
How much sleep do we really need?
The S.A.V.E.R.S. — and why you should let this guide your morning
Two forms of meditation
Potential problems with affirmation and how to do it right
How to realize the things that you are and are not in control of
The two parts of visualization
Why there’s magic in putting pen to paper
How to change your life beyond just the financial
How to apply these learnings to your life as an investor
And SO much more!
Links from the Show
BiggerPockets Keyword Alerts
BP Podcast 005: Dealing with Death – A Financial Discussion with CFP Neal Frankle
Forbes
FastCompany
Oprah
SmartPassiveIncome
The Rudder of the Day (blog)
Omvana
7-Minute Workout App
The Five-minute Journal
The Miracle Morning Community (Facebook Group)
Books Mentioned in this Show
The Miracle Morning: The Not-So-Obvious Secret Guaranteed to Transform Your Life (Before 8AM) by Hal Elrod
Taking Life Head On! by Hal Elrod
The Miracle Morning for Real Estate Agents by Hal Elrod
The Miracle Morning for Salespeople by Hal Elrod
The Miracle Morning for Network Marketers by Hal Elrod
Rich Dad Poor Dad by Robert T. Kiyosaki
The 4-Hour Workweek by Timothy Ferriss
The ONE Thing by Gary Keller
Peaceful Parent, Happy Kids by Dr. Laura Markham
The Miracle Morning Journal by Hal Elrod
The 10X Rule by Grant Cardone
10x Planner By Grant Cardone
The Millionaire Fastlane by MJ DeMarco
Tweetable Topics:
“Your level of success will seldom exceed your level of personal development.” (Tweet This!)
“Start your day with peaceful, purposeful silence.” (Tweet This!)
“Win the morning and you win the day.” (Tweet This!)
Connect with Hal
Hal’s Website
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:33:1214/01/2016
156: Lifestyle Engineering Through Commercial, Residential, and Vacation Rentals with Mark Spidell
On this episode of the BiggerPockets Podcast, we sit down with Mark Spidell, an investor from the great state of Colorado, to discuss how he uses real estate to engineer his ideal lifestyle! We talk about partnering with family, investing out-of-state, buying small commercial buildings, owning vacation rentals, and much, much more! Not only will this episode entertain and inform you, it will also help you clarify your own investing plan so you can begin engineering your own perfect lifestyle!
In This Episode We Cover:
How Mark got started through ADU
Why he went the vacation rental route
Where he currently invests
The benefits of lifestyle-focused investing
Tips for people with families
The qualitative and quantitative parts of his investing
What he’s learned from his first investments
How he weathered the market crash
How he was able to buy more after the crash
Tips for investing in commercial deals
How he financed his commercial property
A commercial banker’s perspective on applying for loan
The difference between commercial and residential financing
How to minimize risk on commercial property
The benefits of investing in commercial real estate
Why you should ask for help from attorneys when drawing up leases for commercial property
The ins and outs of being a landlord for commercial real estate
How to successfully mix commercial property and vacation rentals in your portfolio
How to find out what you’re good at and figure out which investing path to take
The art of lifestyle engineering
And SO much more!
Links from the Show
BiggerPockets’ Rental Property Portfolio Tracker
BP Podcast 076: Growing Your Real Estate Company Into a $30 Million Dollar Business with Brian Burke
BiggerPockets Webinar
BiggerPockets Calculator
BP Podcast 152: Building Wealth and Passive Income with Rental Properties with Ben Leybovich, Brian Burke, and Serge Shukhat
Be a guest on the podcast
Books Mentioned in this Show
Rich Dad Poor Dad by Robert T. Kiyosaki
Rich Dad’s CASHFLOW Quadrant by Robert T. Kiyosaki
Schweser Notes for the 2011 CFA Exam Level 1 Book 3: Financial Reporting and Analysis
Tweetable Topics:
“Commercial real estate is valued based on the income of the property.” (Tweet This!)
“If you want the freedom, real estate could help you, but make sure you are doing it for the right reasons.” (Tweet This!)
Connect with Mark
Mark’s BiggerPockets Profile
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:05:3907/01/2016
155: From Zero to 200+ Deals in Five Years with Sharad Mehta
Boom! Prepare to be blown away by this unbelievable interview with an investor who’s gone from nothing to more than 200 deals in just five years! You’ll learn how Sharad was able to find great deals, finance those deals, and build an investment portfolio that continues to grow no matter where lives or travels in the world. This show is one of the most humorous and most enlightening shows ever recorded on the BiggerPockets Podcast, so why are you still reading this? Listen to the show!
In This Episode We Cover:
The story behind the $5,000 scholarship cheque
How Sharad’s love for saving money led him to buy his first property
Why he values bigger goals in life
The importance of focusing on the things that matter
The details of his first investment property
How he figured out what he wanted to do as real estate investor
How to start out without any formal education in real estate
Whether you should buy inexpensive properties or not
What A, B, and C-properties are
Why he invests in his area now
The importance of talking to local people to get a feel for the market
How he bought $65,000 worth of property with just $17,000 cash
How Sharad uses his time to find and analyze deals
A call simulation that’ll teach you how to achieve the bottom line
How to keep a good relationship with an agent
How many deals he has done
Sharad’s views on turnkey properties
The benefit of having 48 properties for rental free and clear
How he keeps his real estate business as simple as possible
Sharad’s role within his business
How his business works and how he automates it
How to trust your contractors
How to get discounts from Home Depot
And SO much more!
Links from the Show
From $80k in Credit Card Debt to 100+ Deals with Glenn and Amber Schworm
Auction.com
WaitButWhy
Books Mentioned in this Show
The Millionaire Real Estate Investor by Gary Keller
The Book on Rental Property Investing by Brandon Turner
The Book on Investing with No or Low Money Down by Brandon Turner
Start Something That Matters by Blake Mycoskie
Elon Musk: Biography of a Self-Made Visionary, Entrepreneur and Billionaire by B Storm
Tweetable Topics:
“You have to make some sacrifices to achieve bigger goals in life.” (Tweet This!)
“If you are motivated enough, you will get anything done — no matter what.” (Tweet This!)
“It all comes down to numbers. If the numbers make sense, I’ll buy it.” (Tweet This!)
Connect with Sharad
Sharad’s BiggerPockets Profile
Sharad’s Website
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:16:4331/12/2015
154: Finding Incredible Deals to Flip or Rent from 3,000 Miles Away with Bob Couture
Finding deals in your own backyard can be tough — but today we’re talking to a guest who finds incredible deals from across the country! Bob Couture joins us today to tell us his inspiring story of starting out with several “failed” flips, finding a partner, using crowdfunding, and much more. This show is jam packed with actionable tips and tricks for real estate investing, whether the deals are in your backyard or across the world!
In This Episode We Cover:
Where Bob is from and where he currently invests
Why Bob’s strategy is investing at a distance
The importance of a “boots on the ground” partnership
How he got started investing in real estate
The details of his first deal
How he became an accidental landlord
How to put properties under a blanket loan
How a bad deal can end up a great flip!
The number of flips he has done
Things to know when investing with a partner
How to set up a direct mail business
Who he is targeting in his marketing campaigns
Why you might hire people to do driving for dollars
His take on getting a real estate license
How to find people you can trust
Tips for overcoming the fear of starting out
How he inspects properties
Tips for making deals over the phone
How he finances deals
A discussion on crowdfunding
And SO much more!
Links from the Show
Be a Guest on the Podcast
FundThatFlip.com
Books Mentioned in this Show
The Millionaire Real Estate Investor by Gary Keller
The Book on Rental Property Investing by Brandon Turner
Secrets of Closing the Sale by Zig Ziglar
The Miracle Morning by Hal Elrod
Connect with Bob
Bob’s BiggerPockets Profile
Bob’s Website
Bob’s LinkedIn
Email Bob
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:02:1724/12/2015
153: From $600k in Debt to 108 Single Family Rentals with Linda McKissack
On today’s episode of the BiggerPockets Podcast, we are excited to bring you an interview with a prolific investor (and author of one of the world’s biggest real estate books, HOLD: How to Find, Buy, and Rent Houses for Wealth), Linda McKissack! Linda currently owns 108 single family homes — but she didn’t start out that way. Learn how Linda discovered the power that real estate can have on a lifestyle and the mindset needed to make your dreams a reality. This show will blow you away with Linda’s honesty, integrity, and story of excellence. Don’t miss a second of it!
In This Episode We Cover:
Who Linda is and how she started investing with huge debt
The size of her portfolio
Why she dropped out of college to become an entrepreneur
How she bought property without money or good credit
A look at financing back in the ’80s
How to recession-proof your life
A discussion on speculation vs. investing
How every market is different
What her freedom number is
How to get deals by helping others build wealth
Partnerships and whether newbies should seek them out
Why freedom means having options
The importance of taking the next step and avoiding analysis paralysis
Linda’s formula for finding good deals
How to figure out the best criteria for you
What keeps her continuing to invest despite reaching her goals
Tips for forming a team
And SO much more!
Links from the Show
Be a Guest on the Podcast
Finding Your “Freedom Number” with Clayton Morris
Books Mentioned in this Show
HOLD: How to Find, Buy, and Rent Houses for Wealth by Steve Chader
Brandon Turner’s The Book on Investing with No or Low Money Down
Rich Dad Poor Dad by Robert Kiyosaki
Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki
The ONE Thing by Gary Keller and Jay Papasan
Building Wealth One House at a Time by John Schaub
The Millionaire Real Estate Investor by Gary Keller
The Book on Rental Property Investing by Brandon Turner
Tweetable Topics:
“If you do the right activities, the money shows up.” (Tweet This!)
“The more money you make, the more options you have and the more good things you can do.” (Tweet This!)
Connect with Linda
Linda’s BiggerPockets Profile
Linda’s Website
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:04:5617/12/2015
152: Building Wealth and Passive Income with Rental Properties with Ben Leybovich, Brian Burke, and Serge Shukhat
How would you like to own ten, fifty, or a thousand rental units? That’s the topic of today’s podcast roundtable with three previous guests of the BiggerPockets Podcast, Ben Leybovich, Brian Burke, and Serge Shukhat. These three investors have three very different business models, and in this fascinating discussion, each shares how they use rental properties to build wealth and passive income. We discuss (and debate) every aspect of the investor’s journey — all in an effort to help you succeed! We also discuss the big dangers rental investors face and how YOU can avoid those problems! Don’t miss this incredibly powerful episode with three fun, smart, and successful rental property investors!
In This Episode We Cover:
Where is the rental market headed?
Is planning for appreciation useless? (Debate!)
What mistakes do new investors make?
Overcoming challenges to investing in TODAY’S market
Is it too late for newbies to buy rental properties?
The best “single tip” from each panelist for newbies
And SO much more!
Links from the Show
BP Podcast 014 : Cash Flow, Creative Finance, and Life with Ben Leybovich
BP Podcast 061:How to Succeed in Multifamily Investing – A Unique Conversation with Josh, Brandon, and Ben
BiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian Burke
BP Podcast 076: Growing Your Real Estate Company Into a $30 Million Dollar Business with Brian Burke
BP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat
BP Podcast 131: Investing in Multifamily Properties in a HOT Real Estate Market with Serge Shukhat
Books Mentioned in this Show
The Book on Rental Property Investing by Brandon Turner
The Book on Managing Rental Properties by Brandon & Heather Turner
Brandon Turner’s The Book on Investing with No or Low Money Down
Connect with The Panel
Brian Burke’s BiggerPockets Profile
Brian’s website
Ben Leybovich’s BiggerPockets Profile
Ben’s website
Serge Shukhat’s BiggerPockets Profile
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:27:5510/12/2015
150: Designing a Lifestyle-Based Real Estate Business with Luke Swab
For some, the goal of real estate is to make tens of millions of dollars. For others, like today’s guest, it’s a way to finance an incredible life. Today’s guest, Luke Swab, shares with us his story of designing his lifestyle through real estate and how you can do the same. Luke’s story will take you from the wild waters of Alaska to a motorcycle trip through Africa to the streets of Michigan real estate and more! Don’t miss this incredible honest, humorous, and informative episode!
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:09:0926/11/2015
149: Early Retirement, Real Estate Bubbles, and Dangerous Scams with Radio/TV Star Clark Howard!
Today on the BiggerPockets Podcast, we’re excited to sit down with an individual many people already know from television, radio, and the newspaper — Clark Howard. Besides being a nationally-syndicated radio and TV star, Clark Howard is also a real estate investor who has a unique outlook on the way real estate should fit into your financial picture, as well as numerous tips on avoiding scams, finding great locations to invest in, and much more! Don’t miss a second of this powerful episode!
In This Episode We Cover:
Who TV and Radio Personality Clark Howard is
How he went from a beach bum to financially free
His job at the radio station
His investing portfolio
A story about the real estate bust
How he bought properties through the bust (2011)
How to not get into the “investing hysteria“
Why you should avoid the “dare to be rich” pitch
What the “smell test” is
Why there’s no one magical way to invest
Why understanding the local market is crucial
How to farm neighborhoods
Why you need to have a purpose behind how you’re investing
Tips for investing in general
And SO much more!
Links from the Show
BiggerPockets Analysis Tools
Podcast Guesting
Vanguard
Books Mentioned in this Show
100 Questions Every First-Time Home Buyer Should Ask by Ilyce R. Glink
Buy, Close, Move In! by Ilyce R. Glink
The Wealthy Barber, Updated 3rd Edition by David Chilton
The Power of Habit by Charles Duhigg
Tweetable Topics:
“It’s part of who we are that we want to believe in miracle stories.” (Tweet This!)
Connect with Clark
Clark’s Website
The Clark Howard Podcast
Learn more about your ad choices. Visit megaphone.fm/adchoices
51:0619/11/2015
148: From 0 to 51 Units Despite Living in a Crazy Expensive Location with Nazz Wang
How do you build up a sizable real estate portfolio when you live in one of the most expensive cities in America? That’s the topic we dive into today on the BiggerPockets Podcast with guest Nazz Wang. Nazz has gone from 0 to 51 units in the past several years, both local in California and across the country. You’ll learn how Nazz overcame a bad first investing experience to find her niche in “lazy real estate investing” and how you can do the same!
In This Episode We Cover:
Who is Nazz and how she’s been investing for 10 years now
How she got started through house hacking
How she acquired the mindset of a landlord back in college
Nazz’s first property — and her first big mistake
How neglecting the cash flow analysis ended up costing her
The issues surrounding owning condo units
How to discover and thrive in your niche
How many units she currently has
The problem with HOAs
How she bought in the Midwest to maximize cash flow
A discussion about property appreciation (are there any indicators?)
Speculation vs. buying things you can afford to keep
How Nazz educated herself in real estate
Her experience investing as a woman
How she finds, finances, and manages properties outside of her area
How to establish a pipeline to make investing easier
The benefits of the BRRRR strategy
How to manage property managers
And SO much more!
Links from the Show
Turning “Weird” Properties Into Cash-Flowing Monsters with Johnny Youssef
BRRRR Strategy
Investing in Rental Properties When Your Local Area is Too Expensive With Mehran Kamari
Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
7 Ways to Find Incredible Real Estate Deals with Chad Carson
Books Mentioned in this Show
Rich Dad Poor Dad by Robert Kiyosaki
Dune by Frank Herbert
Tweetable Topics:
“I would never pay money to lose money.” (Tweet This!)
Connect with Nazz
Nazz’ BiggerPockets Profile
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:01:2412/11/2015
147: Turning “Weird” Properties Into Cash-Flowing Monsters with Johnny Youssef
Sometimes to find success, you have to think outside the box! That’s why today on the BiggerPockets Podcast we’re excited to bring you an interview with Johnny Youssef, a young investor who has found clever ways to turn properties that no one else wants into cash flowing monsters. You’ll be inspired and motivated after hearing Johnny’s story, as well as his philosophy of using “financial freedom” to help others. Don’t miss a second of this powerful show!
In This Episode We Cover:
Thoughts on this year’s epic battle: the Mets vs. the Royals
Who Johnny is and how he started investing during college
How he got his real estate license early to get the commissions
How he managed 7 properties from a young age
The importance of understanding and helping your market
Thoughts on how to fund a property
Insight into the question: To have a real estate license or not?
How to start out in real estate with no money
Why the first property he bought was a duplex
How to use the same money to keep your business growing
A look at Johnny’s current portfolio
Big mistakes people make in hiring employees
The level of finish you should aim for when flipping properties
How to tenant-proof your properties
What is he currently looking at right now
The importance of thinking outside of box when investing
Johnny’s thoughts on flips vs. rental properties
How to manage vacancies
Tips for new investors
And SO much more!
Links from the Show
BiggerPockets Youtube
A Beginner’s Introduction to Real Estate Investing (Course)
The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber
Books Mentioned in this Show
Rich Dad Poor Dad by Robert Kiyosaki
The E-Myth Revisited by Michael Gerber
Tweetable Topics:
“Look for something that has equity in it. Make money out of it and start investing in other things.” (Tweet This!)
“When you’re buying, especially when you are still starting, you’re gonna be emotional about things.” (Tweet This!)
Connect with Johnny
Johnny’s BiggerPockets Profile
Johnny’s Personal Blog
Johnny’s Instagram
Periscope: @johnnyyou
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:08:1305/11/2015
146: Buying 100+ Units Through Word of Mouth Marketing with Enrique Jevons
Finding deals can be tough in today’s real estate market, but one technique that works in every market is word of mouth marketing! In today’s show, Enrique Jevons shares his story of quitting a 21-year career to become his own boss and build a real estate empire. You’ll learn about finding deals, managing properties, getting your real estate license, and so much more!
In This Episode We Cover:
How Enrique got into real estate coming from the hotel industry
How signing checks for the owner opened his mind
The importance of buying properties at the right time and right price point
How be obtained a 13-unit apartment complex as his first property
What you should know about choosing between multi- and single-families
How he found his first property despite being a newbie
How to use a HELOC for investing
His current portfolio of over 100 units
Enrique’s experience managing 500+ units with his property management company
How he became the “guy that closes deals”
How to get leads through word of mouth marketing
Where Enrique finds deals
Tips on networking and meeting new investors
How he finances his deals
What you should know about presenting yourself to banks
How he manages his business one problem at a time
Thoughts on getting a real estate license
Whether you should consider starting a property management business
And SO much more!
Links from the Show
MeetUp.com
LinkedIn
QuickBooks
GoogleDocs
Books Mentioned in this Show
Rich Dad Poor Dad by Robert Kiyosaki
The Book on Real Estate Investing with No Money Down by Brandon Turner
Tweetable Topics:
“Get as many units as you possibly can under one roof.” (Tweet This!)
Connect with Enrique
Enrique’s BiggerPockets Profile
Enrique’s Personal Website
Linkedin
Facebook
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:07:3429/10/2015
145: Creative Investing in an Expensive Market, Seller Financing, and Buying Foreclosures with Grammy-Nominated Jeremy Jones
On this episode of The BiggerPockets Podcast, we sit down with an investor who’s also a Grammy-nominated musician! Jeremy Jones has been acquiring rental properties in the Seattle metro area for several years, focusing primarily on multifamily investments and supplying him with a stream of passive income. You’ll love both his tactics and mindset and will walk away from this interview with numerous actionable ideas to help take your business to new heights. Enjoy!
In This Episode We Cover:
A little bit about Jeremy and how he started
How he got into real estate by chance through his music career
How to maximize your income by renting by the room
His first non owner-occupied rental
What you should know about buying foreclosures
The BRRRR Strategy and how to use it
Advice on having a “long term flip“
A discussion about hard money
The importance of having exit strategies in mind ahead of time
The topic of refinancing
How to develop a criteria for purchasing houses
How exactly banks and loans work
REO vs. foreclosure auctions
How Jeremy uses seller financing
Where he buys properties and why he keeps them close to home
How he manages his property and finds great contractors
And SO much more!
Links from the Show
Interested in becoming a guest on the BiggerPockets Podcast? Click Here
Building a Rental Portfolio Through “Long-Term” Flips
RedFin
BiggerPockets Forums
Books Mentioned in this Show
Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki
The Power of Full Engagement by Jim Loehr
The Law of Success by Paramahansa Yogananda
Tweetable Topics:
“If you have comps in mind, you can increase your confidence.” (Tweet This!)
Connect with Jeremy
Jeremy’s BiggerPockets Profile
Jeremy’s Personal Website
Jeremy’s Airbnb Property
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:17:3822/10/2015
144: Getting Out of Your Comfort Zone and Kicking Butt at Real Estate with Danny Johnson
Do you have an “A-type” personality? If not, don’t worry–you can still build wealth through real estate! In this episode of the BiggerPockets Podcast, we talk with Danny Johnson (a real estate investor from San Antonio, Texas) about overcoming fears, age, and inexperience to successfully do more than 200 real estate transactions in the past decade! You’ll love the tips and advice Danny offers, and the role-playing phone call between Danny and Brandon will improve your phone skills with motivated sellers dramatically! Don’t miss this powerful show!
In This Episode We Cover:
Who Danny Johnson is
What’s happened with his business in the two years since he’s been on the show
A better definition of wholesaling
How to find a buyer you can count on
How Danny gets his deals
A call simulation with Danny in action (you don’t want to miss this!)
The story that starts with a tattoo
What you should know about buying REO properties
Tips for people who are just starting out
Important strategies for effective marketing
Why it’s all about getting leads
How to set the right mindset as a real estate investor
How introverts can get into investing
How Danny manages to stay in business
Tips on SEO and setting up a website to get leads
Cool tools that are free to have in your site
And SO much more!
Links from the Show
BiggerPockets Calculators
BP Podcast 018 : Flipping, Marketing, and Wholesaling with Danny Johnson
LeadPropeller
SumoMe
BiggerPockets Pro Perks
BiggerPockets Forums
Books Mentioned in this Show
Rich Dad Poor Dad by Robert Kiyosaki
The Book on Investing with No or Low Money Down by Brandon Turner
The Millionaire Real Estate Investor by Gary Keller
The ONE Thing by Gary Keller
Flipping Houses Exposed: 34 Weeks In The Life Of A Successful House Flipper by Danny Johnson
Tweetable Topics:
“People spend all that time and energy in doing marketing but not answering their phone.” (Tweet This!)
“We still get advice from mentors and everybody should.” (Tweet This!)
“Until you get to that first deal it’s going so much on faith.” (Tweet This!)
Connect with Danny
Danny’s BiggerPockets Profile
Danny’s Blog
FlippingJunkie Podcast
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:19:1015/10/2015
143: Quitting a 6-Figure Job to Go Full-Time in Real Estate with Nick Baldo
On this episode of the BiggerPockets Podcast we sit down with a real estate investor who quit his six-figure full-time job at a Fortune 100 company to pursue his real estate investing dreams. Our guest, Nick Baldo, shares his story of starting with nothing and turning that into a sizable business that both flips and rents houses. Oh, and Nick isn’t even thirty yet! Don’t miss this informative episode of the BiggerPockets Podcast!
In This Episode We Cover:
How Nick got into real estate
Where he is currently investing and the typical prices of houses in his area
How he began flipping houses when he was just 23!
Where he got his funding
How he was able to do business with a private money lender
Lessons learned from the first deals
The importance of ARV analysis
Why he took that first step despite the lack of knowledge
The ins & outs of transitioning from flipping houses to house hacking
How to handle real estate investing as a business
How to scale your business by building systems
The online tools he uses for managing his business
How to use networking as marketing
Where Nick’s business is today
Tips for those who want to quit their jobs and become full time investors
And SO much more!
Links from the Show
BP Podcast 142: 22 ½ ACTIONABLE Tips for Beginner Real Estate Investors With Josh and Brandon!
Podio
Asana
Google Drive
AppFolio
Buildium
QuickBooks
BiggerPockets Keyword Alerts
BiggerPockets Forums
Books Mentioned in this Show
FLIP: How to Find, Fix, and Sell Houses for Profit by Rick Villani and Clay Davis
The Millionaire Real Estate Investor by Gary Keller
Think and Grow Rich by Napoleon Hill
Outwitting the Devil: The Secret to Freedom and Success by Napoleon Hill
Tweetable Topics:
“There are always people with extra money not knowing what to do with it.” (Tweet This!)
“It’s impossible to get started without your character.” (Tweet This!)
“We did things as a business that had a 100 rentals would do it.” (Tweet This!)
Connect with Nick
Nick’s BiggerPockets Profile
Nick’s Company Website
Nick’s Blog
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:03:1208/10/2015
142: 22 ½ ACTIONABLE Tips for Beginner Real Estate Investors With Josh and Brandon!
WARNING: We’re sorry, but there is no way you’ll be able to listen to today’s show without taking MASSIVE ACTION immediately after! Today on the BiggerPockets Podcast, Josh and Brandon bring you 22 (and a half) of their all-time favorite ACTIONABLE tips for building your real estate empire, especially if you’re just getting started. This show will leave you with a serious list of direct, actionable next steps that you can start implementing in your real estate today. Get ready because this show is going to change how you do real estate. You’ve been warned!
In This Episode We Cover:
The actionable tips to help you take off as a real estate entrepreneur
Tips for posting on Craigslist
Why you should analyze 3 deals every single day
What to look for in a local real estate agent
A great way to connect with local real estate investors
Why house-hacking a great strategy for newbies
The real estate books that matter
The importance of knowing your credit
The two phrases to eliminate from your vocabulary
The importance of giving your agent your criteria
Why you should consider using yellow letters
The strategy of walking for dollars
How to formulate a roadmap for success
Why flip shows video are great
How to continue your education in financial literacy
What podcasts to listen to
And SO much more!
Download the Whole List (all 22.5!)
Links from the Show
Craigslist
BiggerPockets Marketplace
BiggerPockets Webinar
BiggerPockets Calculators
BiggerPockets Meet
The Best Real Estate Books Ever
AnnualCreditReport
CreditKarma
BiggerPockets Keyword Alerts
BP Podcast 141: 7 Ways to Find Incredible Real Estate Deals with Chad Carson
YouNeedABudget
BiggerPockets Perks
This Old House TV
BiggerPockets #AskBP Podcasts
BiggerPockets Youtube Channel
Books Mentioned in this Show
Rich Dad Poor Dad by Robert Kiyosaki
The Total Money Makeover by Dave Ramsey
The Book on Investing with No or Low Money Down by Brandon Turner
What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measuresby Frank Gallinelli
Tweetable Topics:
“Never buy a property when you only analyzed it just in your head.” (Tweet This!)
“You’re the average of the 5 people you associate the most.” (Tweet This!)
“Everybody has unfair advantages.” (Tweet This!)
Connect with Brandon and Josh
Josh’s BiggerPockets Profile
Brandon’s BiggerPockets Profile
Learn more about your ad choices. Visit megaphone.fm/adchoices
48:5101/10/2015
141: 7 Ways to Find Incredible Real Estate Deals with Chad Carson
In today’s busy real estate world, great deals can be hard for investors to find. That is why today we are excited to bring you a special episode of the BiggerPockets Podcast, recorded live at the TradeKing stage at FinCon 2015. In this interview with Chad Carson, you’ll learn his top seven favorite strategies for finding great deals even if your market is overheated! If you need to buy a great deal this year, the show is for you!
In This Episode We Cover:
What exactly FinCon is
How long Chad Carson has been investing
How to find amazing deals
The importance of knowing what’s important for your niche
7 tips for unearthing great investments
What to look for when driving for dollars
What you should know about “vacant radar“
Why you should connect with experienced investors
How to use Craigslist to find deals
Tips for making successful phone calls
How many units Chad currently has
How to stay smart while using the MLS
What exactly “referral prospecting” is
The importance of keeping a good reputation
How to use direct mail to find deals
Why one might choose to let go of a property
What you should know about guerrilla marketing
And SO much more!
Links from the Show
BP Podcast 084: Getting Started with Creative Finance and Designing Your Ideal Lifestyle With Chad Carson
BiggerPockets Forums
Ultimate Beginner’s Guide to Real Estate Investing
BiggerPockets Webinar
Brandon’s rental property that was on fire
BiggerPockets Forum Categories (including local sub forums)
Hustle: The Single Most Important Factor to Finding Real Estate Deals (blog post)
BiggerPockets Blog
Books Mentioned in this Show
The Warren Buffett Way by Robert G. Hagstrom
What They Don’t Teach You at Harvard Business School by Mark H. McCormack
The Book on Investing with No or Low Money Down by Brandon Turner
Tweetable Topics:
“Real estate is like being an athlete—every single day you train and lift in order to perform well.” (Tweet This!)
Connect with Chad
Chad’s BiggerPockets Profile
Chad’s BiggerPockets Blogs
Chad’s Website
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:02:5424/09/2015
140: The Riches Are in the Niches (Like Student Housing) with Bill Syrios
Real estate investing is a BIG field, and there are hundreds of ways to build wealth. However, according to our guest today, the riches are in the niches! On today’s show we sit down with Bill Syrios, an investor from Oregon who specializes in the incredibly lucrative field of student housing (as well as numerous other niches!). You’ll learn how he transformed an early real estate setback into a business that owns hundreds of properties in multiple states!
In This Episode We Cover:
Times when the Syrios family has been on the BP Podcast!
How Bill got started in investing
What the interest rates were like in 1980
What kept him going despite market crashes and failures
How to treat your real estate investing as a business
The importance of becoming an expert in a niche market
How he got started investing in student housing
The pros and cons of student housing
Tips for handling student turnover
What you should know about finding a property manager for these properties
What Loan Care Services is
How to deal with difficult rental situations
Important legal restrictions for campus properties
The details on a 48-unit fraternity house renovation
Bill’s current portfolio and the states he invests in
The concept of giving over ownership
And SO much more!
Links from the Show
BiggerPockets Meet
BiggerPockets Forums
BP Podcast 121: Creating the IDEAL Real Estate Investing Business with Andrew and Phillip Syrios
Ultimate Beginner’s Guide to Real Estate Investing
Airbnb
BRRRR Strategy
BP Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan
Books Mentioned in this Show
The Everything Landlording Book: An All-in-one Guide To Property Management by Judy Tremore
Good to Great by Jim Collins
Built to Last by Jim Collins
7 Habits of Highly Effective People by Stephen R. Covey
The 8th Habit by Stephen R. Covey
First Things First by Stephen R. Covey
The Millionaire Real Estate Investor by Gary Keller
The ONE Thing by Gary Keller and Jay Papasan
The Black Swan by Nassim Nicholas Taleb
Outliers: The Story of Success by Malcom Gladwell
The Tipping Point by Malcolm Gladwell
What Got You Here Won’t Get You There by Marshall Goldsmith
Triggers: Creating Behavior That Lasts by Marshall Goldsmith
Profit by Investing in Student Housing by Michael Zaransky
Smart Essentials For College Rentals by Dan Gooder Richard
Tweetable Topics:
“Even if you only own one property from day one, you treat it as a business.” (Tweet This!)
“Every business, every niche has an obstacle.” (Tweet This!)
“That’s where real estate investing starts—it starts with a great deal.” (Tweet This!)
Connect with Bill
Bill’s BiggerPockets Profile
Bill’s son, Andrew’s BP Blog (He’s the writer!)
Bill’s Company Website: StewardshipProperties.com
Another Niche Website: StewardshipCapital
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:15:3317/09/2015
139: Getting Started as a Businessman, Not a Handyman with Fat Tony
Many people struggle to get started, especially when they live in an expensive market. That’s why today on the BiggerPockets Podcast we’re excited to bring you this interview with a newer investor who’s figuring out how to make a passive investment business despite living in one of the most expensive cities in America. You’ll learn how Fat Tony (yes, that’s really what he goes by!) invests in out-of-state deals and how mindset has played a major role in his early success.
In This Episode We Cover:
Who is Fat Tony, and what’s with the name?
How he got started in real estate investing
Why it all starts with changing your mindset
The value of continuing education
His first deal: a short sale
Whether it’s worth it to look into condos
How to start doing the things you need to do
The importance of tracking your net worth
Why you should view real estate as a long term play
What it takes to successfully invest out of state
The importance of working with people who you can trust
Why all investors should have cash reserves
Why Tony believes in buying site unseen
The worth of his properties today
Tips for finding people who share the same mindset
And SO much more!
Links from the Show
Want to be our sponsor? Email here
BiggerPockets Forums
BiggerPockets Webinar
BiggerPockets Podcast
BP Podcast 134: Creative Finance and Gaining a Millionaire Mindset with Pro BMX Rider Terry Adams
The Secret
BP Podcast 004: Commercial Real Estate Investing With Frank Gallinelli
Books Mentioned in this Show
Brandon Turner’s Investing With No or Low Money Down
Secrets of the Millionaire Mind by T. Harv Eker
Rich Dad Poor Dad by Robert T. Kiyosaki
What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measuresby Frank Gallinelli
The 4-Hour Workweek by Timothy Ferriss
Tweetable Topics:
“I’m a businessman, not a handyman. And I’m okay with that.” (Tweet This!)
“There’s gotta be a way. Other people are doing it. I just need to figure out the way.” (Tweet This!)
Connect with Fat Tony
Fat Tony’s BiggerPockets Profile
Fat Tony’s Company Website
Instagram
Facebook
Twitter
The Expansion Project Podcast
Break Parallel
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:02:3810/09/2015
138: Self Storage, Systems, and SEO with Michael Rogers
Self storage is one of the most passive forms of real estate investing out there, but only if it’s run correctly. On this episode of the BiggerPockets Podcast, you’ll learn from CPA and real estate investor Michael Rogers about the process of finding, rehabbing, and cash flowing self storage units—and they systems that have allowed Michael to buy 350 units and partially quit his job.
In This Episode We Cover:
Michael’s thoughts on having a part time job while investing in real estate
How he bought a duplex while still a student
What you should know about loan to value
How to find the right sub contractors
How Michael got into self storage
Tips for investors looking to start with self storage
Why you should be aware of the “Declining Spiral“
How he structures his system to get clients for storage rentals
How auctions work when tenants don’t pay the rent
What you should look out for in the self storage niche
The software that Michael uses
3 lines of defense for self storage
How to find tenants
How he uses Search Engine Optimization to his benefit
The numbers involved in his deals
Why he’s an active BiggerPockets member
And SO much more!
Links from the Show
BiggerPockets Forums
BiggerPockets Webinar
BiggerPockets Calculator
50% Rule
BiggerPockets Podcast
Automating Your Investing, Long Distance Rehabs and Spec Building with J Scott
Growing Your Real Estate Company Into a $30 Million Dollar Business with Brian Burke
My Latest BRRRR is Rehabbed and Ready to Rent
BiggerPockets Files
Easy Storage Solutions
UncleBobs
PublicStorage
SSA
Books Mentioned in this Show
The Millionaire Real Estate Investor by Gary Keller and Jay Papasan
Every Landlord’s Legal Guide by Marcia Stewart and Janet Portman
The Essays of Warren Buffett by Warren Buffett
Brandon Turner’s Book: Investing With No or Low Money Down
Tweetable Topics:
“When you are at that job and you’re doing that work, you got to give it your 100%.” (Tweet This!)
“You always look at how much cash are you going to lay out and then what it’s going to bring back in time.” (Tweet This!)
“Find out what the big guys are doing. You don’t have to reinvent the wheel.” (Tweet This!)
Connect with Michael
Michael’s BiggerPockets Profile
Michael’s Company Website
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:13:2003/09/2015
137: How to Use Systems to Scale Your Real Estate Business with Sam Craven
On this episode of the BiggerPockets Podcast, we want to introduce you to a real estate investor who has figured out the secret to scaling his business: systems. Sam Craven, who was last on the BiggerPockets Podcast back on show 33, shares with us the processes he has implemented that have enabled him to build a team, putting him on track to buy nearly 100 homes this year. You’ll love the humor, the advice, and the examples Sam brings to the show and will walk away with new ideas to scale your own business.
In This Episode We Cover:
Sam’s progress since the last time he was on the show
What his business model looks like
Why he identifies as a “customer service business“
The importance of building processes
What the people in his company do
The vital importance of systemizing your business
How to create a “franchise-able” business
Why you should start with the end in mind
How to use diversified methods in marketing
What exactly high equity mailers are
How they finance their deals
The worst deal Sam’s ever done
And SO much more!
Links from the Show
BiggerPockets Webinar Pro Replay
BiggerPockets Pro
How to Close 27 Deals in Your First Year While Working Full Time with Sam Craven (Podcast)
BiggerPockets Forums
Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan (Podcast)
BiggerPockets Facebook
BiggerPockets Webinar
Books Mentioned in this Show
The E-Myth Revisited by Michael E. Gerber
80/20 Sales and Marketing by Perry Marshall
The Millionaire Real Estate Investor by Gary Keller and Jay Papasan
Good to Great by Jim Collins
Tweetable Topics:
“People call us because they have a problem that they need to be solved.” (Tweet This!)
“Anyone who joins our company always have to fill out a goal sheet as well.” (Tweet This!)
“One of the joys of growing a business is trying stuff and seeing if it works.” (Tweet This!)
Connect with Sam
Sam’s BiggerPockets Profile
Sam’s Company Website
Sam’s Instagram Profile
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:07:3527/08/2015
136: Building an Incredible Real Estate Pipeline with Shawn Holsapple
Having trouble finding good deals? You won’t after this inspiring episode of the BiggerPockets Podcast! Today we bring you an interview with Shawn Holsapple, a real estate investor who is dominating his market, having done over 300 transactions in just the past several years. You’ll learn how Shawn is finding consistent deals and opportunities to keep his deal pipeline flowing!
In This Episode We Cover:
How Shawn got started investing out of the country
The certain book and seminar that spurred him to begin
How to overcome analysis paralysis
Where he gets his active income
What wholesaling and “wholetailing” are
How many deals he is doing
What his team consists of and how he maximizes the use of a VA
How to best take advantage of HUDs and the MLS
Tips for knowing what to offer when making a deal
How Shawn uses online auctions
How to figure out the cost of a fix up
Shawn’s take on getting a real estate license
What you should know about building your portfolio
Why Shawn believes you don’t necessarily need a cash buyer’s list
A glimpse into how he manages his business
And SO much more!
Links from the Show
Brandon’s Disney’s video (on his Facebook)
BiggerPockets SubForums
BiggerPockets Forums
Upwork
BiggerPockets Webinar
Auction.com
Hudson and Marshall
BiggerPockets Keyword Alerts
BiggerPockets #AskBP
Books Mentioned in this Show
Rich Dad Poor Dad by Robert T. Kiyosaki
The 4-Hour Workweek by Timothy Ferriss
The Book on Flipping Houses by J. Scott
The E-Myth Revisited by Michael E. Gerber
The 10X Rule by Grant Cardone
Tweetable Topics:
“You flip for quick cash so that you can buy the buy and holds.” (Tweet This!)
“If you can’t sell your deal, then you don’t have a deal.” (Tweet This!)
“If you’re not falling down and getting hurt then you are not trying hard enough.” (Tweet This!)
Connect with Shawn
Shawn’s BiggerPockets Profile
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:02:0820/08/2015
135: Raising Money to Buy 1,000 Apartment Units with Brian Adams
How does someone shift from buying single family houses to buying hundred+ unit apartment complexes? That’s the topic we’re diving into today on the BiggerPockets Podcast with real estate investor and former CPA Brian Adams. This show is packed to the brim with actionable tips and advice for anyone looking to expand their real estate business, quit their job, raise private capital, and work less while enjoying life more. You’ll be inspired and motivated by interview, so don’t miss a moment of it!
In This Episode We Cover:
The important perspectives Brain gained from his grandfather and football coach
How he bought a rental property with a CPA background
The impetus he used to change how things were going with his life
How to plan and implement a journey to real estate investing
The process of partnering with a group
Things Brian would’ve done better if he started all over again
How to pick your partner’s brain when making deals
Brian’s 98-unit deal — that ended up folding
What to do when your investors back out on a deal
What you should know about exit strategies
How he gets paid with kind of deals he does
How he plays matchmaker for investors and buyers
The importance of the “ABM” (Always Be Marketing) strategy
And SO much more!
Links from the Show
Listen to BiggerPockets Podcast on Stitcher
BiggerPockets Webinar
BiggerPockets Forums
Marcus & Millichap
IRR
Costar
LoopNet
Multifamily and Apartment Investing Forums
I quit my CPA Job to buy Large Apartment Buildings (Forum Thread)
Books Mentioned in this Show
The 7 Habits of Highly Effective People by Stephen Covey
80/20 Sales and Marketing by Perry Marshall
Emerging Real Estate Markets by David Lindahl
It’s a Whole New Business by Gene Trowbridge
Keep It!: Advanced Tax Strategies for IRAs by Joe O Luby III
Getting Things Done by David Allen
The E-Myth Revisited by Michael E. Gerber
Think and Grow Rich by Napoleon Hill
No B.S. Marketing to the Affluent by Dan S. Kennedy
Never Check E-Mail In the Morning by Julie Morgenstern
Tweetable Topics:
“Education and the books are fine, but you got to get out there and take some risk.” (Tweet This!)
“Let’s follow those who are smart, those who have done this before.” (Tweet This!)
“5 percent of a great deal is better than a 100 percent of no deal.” (Tweet This!)
Connect with Brian
Brian’s BiggerPockets Profile
Brian’s Company Website
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:17:2513/08/2015
134: Creative Finance and Gaining a Millionaire Mindset with Pro BMX Rider Terry Adams
On today’s episode of the BiggerPockets Podcast, we sit down and dig into the life of a professional BMX bike rider Terry Adams. Outside of his many accomplishments in the stunt bike world (X-Games gold medal, appearance on Glee and Ellen, and more), Terry is also an accomplished real estate investor with some incredible strategies for building wealth. In the interview, we cover everything from investing with no money, to dealing with personal finance concerns, to mindsets, and more. This show is about to rock your world, so grab a pencil and some paper and let’s get started!
In This Episode We Cover:
Who Terry Adams is and what his profession entails
How he got started in real estate
The details of his first property
His trailer property
How he finds great real estate deals
What you should know about finding a mentor
The ins and outs of the “BRRR” strategy
What exactly line of credit investing is
Tips for dealing with banks
How your mindset affects how you invest in real estate
The details of Terry Adams’s portfolio
The secret to building wealth with the help of mentors
The importance of knowing your net worth
And SO much more!
Links from the Show
Terry Adams on The Ellen Show (video)
BiggerPockets Meet
BiggerPockets Forums
BiggerPockets Podcast
Books Mentioned in this Show
Secrets of the Millionaire Mind by T. Harv Eker
The Richest Man in Babylon by George S. Clason
Tweetable Topics:
“There’s always a way to make it happen.” (Tweet This!)
“The more I manage my money, the more money I have to manage.” (Tweet This!)
“You take your other liquid asset and you invest it, because that’s how you build wealth.” (Tweet This!)
Connect with Terry
Terry’s Instagram
Terry’s Twitter
Snapchat: terryadamsbmx
Facebook Fan Page
Terry’s Website
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:27:4006/08/2015
133: Scaling Your Business From Scratch to $50 Million in Assets with Jason Cohen
How does a new real estate investor go from zero properties to over 1,000 units in under a decade? Through careful scaling! That’s the topic on today’s BiggerPockets Podcast with guest Jason Cohen, an investor who has built a sizable portfolio utilizing systems, processes and people. You’ll learn about the financing strategies needed to make this adventure possible, as well as Jason’s incredible strategy for finding real estate deals that no one else is finding. Prepare to be blown away – this is one show for the record books!
In This Episode We Cover:
What Jason Cohen does and the niche he targets
How he scaled from 7 units to a massive 148-unit business
The debacle he encountered with his first employees
How he achieved the first “right” hire
How many employees he has for his company
How he built systems to run such a huge business
Jason’s tips for getting started
Proven ways to find properties
How he grew his business in just 9 years
How he finances his real estate deals
The importance of building a good track record with the banks
Insight on mentorships
And SO much more!
Links from the Show
Top Ten Rookie Mistakes of the Multifamily Investor (blog)
Building a Monster Wholesaling Business with Mike Nelson (podcast)
LoopNet
Austin BizJournal
Pittsburgh Business Times
BiggerPockets Forums
BiggerPockets Podcast
Books Mentioned in this Show
The Martian by Andy Weir
How to Win Friends & Influence People by Dale Carnegie
Tweetable Topics:
“If you want it, you’re going to find a solution.” (Tweet This!)
“At some point you have to pull the trigger.” (Tweet This!)
“If you make a mistake, create a system to where you can’t make that mistake again.” (Tweet This!)
Connect with Jason
Jason’s BiggerPockets Profile
Jason’s Company Website
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:14:2230/07/2015
132: How Brie Schmidt Grew Her Real Estate Portfolio by 50 Units in 1 Year
Today on the BiggerPockets Podcast, we are excited to bring back Brie Schmidt, a real estate investor from the Chicago market who has absolutely DOMINATED her goals over the past twelve months. Last time we talked with Brie, she had just quit her job to pursue real estate full-time. Today you’ll learn about the impact that decision made on her life and how she’s been able to reach her financial goal in just twelve months, buying more than fifty new rental property units in that time! Be prepared to be blown away and inspired to do the same!
In This Episode We Cover:
Who Brie is and how she quit her job and went full time since the last show
The 3 catalysts that drove her to become a full time investor
How to incentivize in-house property management
Tips for making tenants happy
The story behind 50 units in one year
What kind of tenants she is looking for
How Brie handled her first eviction
What kind of properties she is investing in
Her average cost per door
The details of buying multiple units at a time and concerns you face with it
The mindset behind buying 50 units in a year
And SO much more!
Links from the Show
BiggerPockets Keyword Alerts
Quitting Your Job, Buy & Hold Investing, and Succeeding With High-End Rentals with Brie Schmidt
BiggerPockets Webinar
Investing in Foreclosures, Quitting Your Job, and Getting More Than 10 Loans with Anca Rader
How I Found, Analyzed, and Bought an Ugly Purple Rental Property
BiggerPockets Marketplace
BiggerPockets Forums
PayNearMe
BiggerPockets Podcast
Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan
Twitter
Books Mentioned in this Show
The Millionaire Real Estate Investor by Gary Keller
The ONE Thing by Gary Keller
The 10X Rule by Grant Cardone
Tweetable Topics:
“You bring up the level of the property to attract the kind of tenant that you want.” (Tweet This!)
“Property management could make or break your business.” (Tweet This!)
Connect with Brie
Brie’s BiggerPockets Profile
Brie’s Company Website
Learn more about your ad choices. Visit megaphone.fm/adchoices
58:1523/07/2015
131: Investing in Multifamily Properties in a HOT Real Estate Market with Serge Shukhat
Everyone wants to invest in multifamily properties. (Well, almost everyone.) But with the market heating up around the country, great deals are becoming incredibly difficult to find. That’s why we had to bring back one of our most popular guests on the BiggerPockets Podcast, Serge Shukhat.
The last time we talked with Serge back in episode 60, Serge told us how he built up a massive portfolio in just a few years. But if you were impressed then, this show is going to blow you away. Filled with TONS of actionable tips, stories and warnings, this is one episode you are going to want (and need) to listen to over and over again.
In This Episode We Cover:
How Serge got started in real estate
What he’s been up to since his last episode
What value add and value add investors are
What you need to know about commercial lending
How he used seller financing for his 32 units
The 3 components of successfully purchasing multifamily properties
The ins and outs of cap rate and exit cap rate
Why Serge does his own property management
Things to avoid when value add investing
What exactly submetering is
Instances when overlooking things may cause problems later on
Thoughts on using multi-units as vacation rentals
How to train resident managers and tenants
The importance of changing your strategy depending on the market
What you should know about long term 30-year fixed financing
What secondary markets are — and why Serge likes them
How to connect with owners and resident managers
How to keep a competitive advantage
And SO much more!
Links from the Show
BP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat
BP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
BiggerPockets Forums
Stop Obsessing About All Those Damn “Rules” in Your Real Estate Investing (Blog Post)
LoopNet
BiggerPockets Multi-Family and Apartment Investing Forums
Books Mentioned in this Show
The Magic of Thinking Big by David J. Schwartz
Rich Dad Poor Dad by Robert T. Kiyosaki
Landlording on Auto-Pilot by Mike Butler
The Real Book of Real Estate by Robert T. Kiyosaki
The 7 Habits of Highly Effective People by Stephen Covey
The ABCs of Real Estate Investing by Ken McElroy
The E-Myth Revisited by Michael E. Gerber
The ONE Thing by Gary Keller
How to Win Friends & Influence People by Dale Carnegie
Tweetable Topics:
“If you want to do a syndication, make sure you find a syndicator that is experienced. It’s all about the sponsor.” (Tweet This!)
“Time is not your enemy in real estate, time is your friend.” (Tweet This!)
“Be on a location where people want to be.” (Tweet This!)
“No matter how successful you are, you got to keep moving forward.” (Tweet This!)
Connect with Serge
Serge’s BiggerPockets Profile
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:28:5815/07/2015
130: Ten Smart Tips for Making $1M+ Flipping Houses with Will Barnard
Will Barnard recently closed on a seven-figure profit house flip (that’s right… over $1M on one single house!) In this episode of the BiggerPockets Podcast, Will shares the story, as well as 10 specific and actionable tips for anyone looking to rehab a property. Be sure to grab a pen and paper for this show… you are going to need it!
In This Episode We Cover:
How Will’s doing since the last time he was on the show
The famous 7 Figure Flip
All the details you want to hear about that flip!
The 10 things you need to become a better flipper
How to know your market
The importance of building a team before you buy
The members you need on your team
How to find quality contractors
The importance of negotiation as a real estate investor
The two numbers that you need in order to make an offer
The ins and outs of using leverage
How to build a reputation by taking care of your investors
The importance of learning how to manage efficiently
How to know where you can save (and where you shouldn’t) in flipping houses
And SO much more!
Links from the Show
Diary of a Seven Figure Spread (Forum Thread)
BiggerPockets Flipping Calculator
BiggerPockets Forums
Will Barnard’s First BP Podcast Interview
BP Podcast 120: How to Find, Analyze, and Finance an Incredible Real Estate Deal!
The Occupants from Hell (Forum Thread)
Books Mentioned in this Show
The 10X Rule by Grant Cardone
The Book on Flipping Houses by J. Scott
The Book on Investing with No Money Down by Brandon Turner
A Million Bucks by 30 by Alan Corey
Trump-Style Negotiation: Powerful Strategies and Tactics for Mastering Every Deal by George H. Ross
Rich Dad’s CASHFLOW Quadrant by Robert T. Kiyosaki
Tweetable Topics:
“You really need to get the boots on the ground to know your market.” (Tweet This!)
“Trying to flip from afar is really asking for trouble.” (Tweet This!)
“Everything you do in the real estate field — everything — pretty much is a negotiation.” (Tweet This!)
“Listening to people negotiate is really helpful.” (Tweet This!)
“There’s no right or wrong answer here. It’s a matter of finding out what do you want.” (Tweet This!)
“You can’t be scared to fail because you’re going to fail.” (Tweet This!)
Connect with Will
Will’s BiggerPockets Profile
Will’s Company Website
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:14:0309/07/2015
129: Live-in Flips, Frugality, and Finance with Mindy Jensen
On this episode of the BiggerPockets Podcast, we’re going to talk about a unique strategy that combines the power of house flipping with the benefits of home ownership. You’ll meet Mindy Jensen and discover how she uses the “live-in flip” strategy to build wealth through real estate. You’ll also learn how a live-in flipper can save significant money on taxes as well as a discussion on the benefits of doing your own work. Don’t miss this enlightening, and hilarious, episode!
In This Episode We Cover:
Who Mindy Jensen is
Her thoughts on personal finance
Frugality, as defined by Mindy
A debate on Starbucks (as well as Priuses) and frugality
Where she spends her money
How Mindy got started in real estate
Details on her deals
7% as a steal?
The ins and outs of performing a live and flip
Getting a real estate license as a means to invest
What you should know about For Sale By Owner (FSBO) properties
How she advertises her houses
The pros and cons of live and flips
Why women can and should fix houses
The importance of home inspections
And SO much more!
Links from the Show
BiggerPockets Keyword Alerts
#AskBP Podcast
BiggerPockets Blogs
BiggerPockets Forums
BP Podcast with Jeff Brown
How to “Hack” Your Housing and Get Paid to Live for Free
FSBOMadison
Zillow
Trulia
BRRRR Strategy
3 Real Life Examples That Prove the HIGH Cost of Ignorance in Real Estate
Want to Make $1,000 or More Per Hour?
BiggerPockets Forums: New Member Introduction
Books Mentioned in this Show
The Book on Flipping Houses by J. Scott
The Book on Investing with No Money Down by Brandon Turner
The Snowball: Warren Buffett and the Business of Life by Alice Schroeder
The Warren Buffett Way by Robert G. Hagstrom
The Richest Man in Babylon by George S. Clason
Tweetable Topics:
“Frugality is save money where you can, so you can spend it where you want to or where you need to.” (Tweet This!)
“I didn’t get my license to sell houses. I got it so that I could invest and have access to MLS.” (Tweet This!)
“Nobody likes your house more than you.” (Tweet This!)
Connect with Mindy
Mindy’s BiggerPockets Profile
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:15:2102/07/2015
128: Investing in Foreclosures, Quitting Your Job, and Getting More Than 10 Loans with Anca Rader
On this episode of the BiggerPockets Podcast, we sit down and talk with a real estate entrepreneur who recently was able to quit her job and travel the world thanks to her real estate ambitions! You’ll learn the unique methods Anca uses to get around the “4 to 10 loans” limit to finance numerous properties, as well as many other tips on everything ranging from house hacking to buying foreclosures to buying at an auction, and so much more. Don’t miss this excellent interview with an incredible successful investor, Anca!
In This Episode We Cover:
How Anca got started with real estate
Why Anca started with 50-50 partnership deals with her dad
How they got their first deal
How home equity loans can help you invest
Buying foreclosed properties
The ins and outs of REO foreclosures
Tips for new real estate investors
What you should know about getting loans
How Anca manages her 33 rental units
Using commercial loans to finance residential investments
How Anca uses the BRRR strategy to invest with low-money down
Anca’s smart strategy for getting deals when working with other agents
The dangers of buying properties in auction
Things you need to know about long distance investing
And SO much more!
Links from the Show
BiggerPockets Store
The Book on Flipping Houses by J. Scott
The Book on Investing with No Money Down by Brandon Turner
BiggerPockets Webinar
BiggerPockets Webinar Pro Replays
Auction.Com
Hubzu
HomeSearch
Seth Rogen & James Franco Bound 3 HD (Explicit)
Books Mentioned in this Show
Rich Dad Poor Dad by Robert Kiyosaki
Total Recall: My Unbelievably True Life Story by Arnold Schwarzenegger
The Obstacle Is the Way: The Timeless Art of Turning Trials into Triumph by Ryan Holiday
Connect with Anca
Anca’s BiggerPockets Profile
Anca’s Company Website
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:00:3925/06/2015
127: How to Use a Partnership to Acquire (and Manage) 100+ Units with James Wise
As you grow your real estate business, a partner can help you achieve incredible levels. That’s why today on the BiggerPockets Podcast we sit down with James Wise to talk about how he used a partnership to build his own investment portfolio, as well as build a thriving brokerage and property management business. In this interview, you’ll learn how James finds and screens tenants, uses BiggerPockets to raise money, and much more.
In This Episode We Cover:
How James got started with real estate
How he (unknowingly) house hacked his first property
How he moved on to his next deals
Tips on finding a business partner
Learning the hard way through trial and error
How James screens tenants now (and the mistakes he used to make!)
Valuable tips on finding partners
How he’s using BiggerPockets to grow his business
His take on starting a brokerage or real estate management company
Tips for real estate agents working with an investor
Where to get the cash to actually live while investing in real estate
And SO much more!
Links from the Show
Shia LaBeouf delivers the most intense motivational speech of all-time
#AskBP Podcast
Tenant Screening: The Ultimate Guide
Evicted Tenant Threatens Landlord With a Machete (Seriously)
BiggerPockets Forums
#AskBP 034: Should You Rent to a Tenant With an Eviction in Their Past?
Joel Owen’s BiggerPockets Profile
New Member Welcome Forum
Draft Day
Books Mentioned in this Show
Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth by Robert G. Allen
Tweetable Topics:
“You’re always going to have vacancies. It’s part of the business.” (Tweet This!)
Connect with James
James’s BiggerPockets Profile
James’s Company Website
Learn more about your ad choices. Visit megaphone.fm/adchoices
59:2118/06/2015
126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray
Building a real estate empire takes time, effort, and significant amounts of capital. However, as our guest today shares with us, it’s not beyond your reach! Learn how Brian Murray built a real estate portfolio to over 400 units using a variety of strategies and intelligent techniques. If you plan on building a large real estate portfolio in your future, this is a CAN’T MISS episode!
In This Episode We Cover:
How Brian got started with real estate
Why he invested in commercial office space
The techniques he used to get the place rented
What exactly assuming the loan of the seller means
A discussion about Capitalization Rates
Value added investing
How to use the 50% Rule with commercial properties
The value of putting money back into the property
How he manages his properties and his specific views on it
How to find great deals
Tips for real estate investors on getting started
His biggest success and biggest mistake
And SO much more!
Links from the Show
#AskBP Podcast
The One Thing You Need to Achieve Your Biggest Goals [#AskBP]
BiggerPockets Podcast
BiggerPockets Forums
BiggerPockets Podcast show 100 with Josh Dorkin
BiggerPockets LinkedIn Profile
BiggerPockets Facebook
BiggerPockets Twitter
Books Mentioned in this Show
The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges
Rich Dad Poor Dad by Robert Kiyosaki
Don’t Sweat the Small Stuff and It’s All Small Stuff by Richard Carlson
Tweetable Topics:
“You can’t expect anyone to treat your property as well as you do yourself.” (Tweet This!)
“You’re gonna see far better returns if you invest yourself and your time into your properties.” (Tweet This!)
“A lot of people they think that a property is not for sale, everything is for sale.” (Tweet This!)
“Grit is living life like a marathon, not a sprint.” (Tweet This!)
Connect with Brian
Brian’s BiggerPockets Profile
Brian’s LinkedIn
Brian’s Company Website
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:20:3911/06/2015
125: The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber
What if you could sit down with one of the best-selling business authors of all time and pick their brain? Lucky for you, that’s exactly what you get to do today here on the BiggerPockets Podcast where we interview Michael Gerber, author of The E-Myth Revisited. The E-Myth has been one of the most-frequently mentioned books from past guests on this Podcast, so we just had to sit down with Michael to talk about what makes some investors successful and other’s struggle continuously! Hint: It’s all about the system. Stay tuned!
In This Episode We Cover:
Who Michael Gerber is
How he got to where he is now
Lessons that he learned early in life
What exactly the “E-Myth” is
The primary reason why businesses fail
Working on your business vs. working in your business
“Turnkey-ing” a business
How to invent and implement a system
One tip for a storage unit operator
The four personalities in every business
How to get a mentor
And SO much more!
Links from the Show
BiggerPockets’ Instagram
BiggerPockets Webinar
BiggerPockets Forums
Get Things Done with David Allen (podcast)
Zoom
GoToMeeting
Books Mentioned in this Show
The E-Myth by Michael Gerber
The Millionaire Next Door by Thomas J. Stanley
The Book on Investing with No Money Down by Brandon Turner
The E-Myth Revisited by Michael Gerber
Marketing for Business Growth by Theodore Levitt
Tweetable Topics:
“Every small business is a school.” (Tweet This!)
“Don’t get into something unless you’re changing the world.” (Tweet This!)
“Passion is insufficient; persistence and dedication are absolutely critical.” (Tweet This!)
Connect with Michael
Michael’s Company
Michael’s Email
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:10:0404/06/2015
124: Building a Real Estate Empire At a Young Age with Jered Sturm
Is it possible to invest in real estate when you don’t have decades of life-experiences? That’s the topic we dive into today on the BiggerPockets Podcast with special guest Jered Sturm. Jered, who is in his mid-twenties, is an incredibly successful buy-and-hold investor as well as a house flipper and contractor. Jared’s unique strategy appeals to anyone who is looking to build a large portfolio in a short time. Today’s show is all about hustle, and doing what it takes to succeed! Whether you are 25 or 75, this interview is bound to inspire you to take massive action to find the success you desire. Stay tuned!
In This Episode We Cover:
How Jered bought his first property right out of high school
Details on Jered’s journey to 20+ units
How Jered has financed his deals
The ins and outs of the flips he’s completed
The importance of networking to finding properties
How Jered and his team find deals
The common trait that makes some landlords terrible
The advantages and disadvantages of investing in real estate at a young age
The power of exponential growth
And SO much more!
Links from the Show
BiggerPockets AskBP Podcast
BiggerPockets Calculators
It’s a Wonderful Life
How to Start Investing In Real Estate at a Young Age
BiggerPockets Forums
BiggerPockets Webinar
Zillow
Books Mentioned in this Show
The E-Myth Revisited by Michael Gerber
J. Scott’s The Book on Flipping Houses
Investing in Real Estate by Gary Eldred
Business Brilliant by Lewis Schiff
Tweetable Topics:
“If we can do it for others, why not do it for ourselves?” (Tweet This!)
“If you wait longer in life, you’re going to have all the responsibilities that usually come later in life.” (Tweet This!)
“People can find the confidence in you if you just carry yourself the right way.” (Tweet This!)
“There’s gonna be times in life where I’ll know I want free time more than I do now.” (Tweet This!)
“No company cares about the property as much as an owner.” (Tweet This!)
“Be someone that people will lend money to.” (Tweet This!)
Connect with Jered
Jered’s BiggerPockets Profile
Learn more about your ad choices. Visit megaphone.fm/adchoices
01:08:5128/05/2015
123: Overcoming an Ugly Past to Become a Cash Flow King with Justin Escajeda
Today’s episode of the BiggerPockets Podcast is different than any other we’ve done, and probably not one to listen to with the kids in the car. Today we’re talking with Justin Escajeda, who overcame a life of crime, drugs, and homelessness to create an impressive real estate business, despite his ugly past. You’ll learn about the process Justin went through to build his empire and discover some unique ideasto help you create additional passive income in your life. Prepare to be shocked, encouraged, and motivated after listening to today’s show.
In This Episode We Cover:
How Justin got started in real estate investing
The hard past he had to overcome
His first screening experience with his duplex
How he landed his first deal, a duplex in a low income neighborhood
How he found his real estate partnership
A discussion on seller financing
The ins and outs of self storage
Some of the downsides of self storage
One tip for a storage unit operator
Justin’s opinion on mobile homes
His plans for the future
And SO much more!
Links from the Show
BiggerPockets Meet
The Super
Mobile Home Investing and Getting Started With John Fedro
Storage Wars
BiggerPockets Forums
Books Mentioned in this Show
Rich Dad Poor Dad by Robert Kiyosaki
The Millionaire Next Door by Thomas J. Stanley
Tweetable Topics:
“The more people you network with, the greater your chance to succeed as a real estate investor.” (Tweet This!)
“I try to negotiate with park owners because what’s in their benefit is my benefit too.” (Tweet This!)
“It’s very difficult to do things the correct way, by the book.” (Tweet This!)
Connect with Justin
Justin’s BiggerPockets Profile
Justin’s Company Website
Justin’s Facebook
Learn more about your ad choices. Visit megaphone.fm/adchoices
59:3221/05/2015