On this episode of the BiggerPockets Podcast, we’re talking about myths. No, not about Sasquatch, elves, or the abominable snowman. We’re talking about real estate myths that might be holding YOU back from greatness! We’re excited to bring back Chris Clothier, a seasoned investor and business owner who shares stories from his own experiences to help you achieve new levels of success. Don’t miss one second of this incredibly powerful and actionable podcast! In This Episode We Cover: Who is Chris Clothier? What got him into real estate? Getting to the top 50 Home Buyers Five Real Estate Investment Myths Myth 1: Don’t work with family Myth 2: Past performance is a reliable predictor for future investments Myth 3: Investing in real estate is a big time sink Myth 4: You should only invest locally Myth 5: You should avoid risk at all cost Five specific scenarios that are risky and how Chris would handle them Learn an amazing tip when closing a deal! How not to get ripped off by a property management company And SO much more! Links from the Show BP Podcast 026: Building a Scalable Real Estate Business and Tenant Management Tips with Chris Clothier RealtyTrac BP Podcast 005: Dealing with Death – A Financial Discussion with CFP Neal Frankle 20 Questions To Ask Before Hiring Rental Property Management How To Train A Property Management Company BiggerPockets Webinar BiggerPockets Forums BiggerPockets Marketplace Books Mentioned in this Show Make It BIG!: 49 Secrets for Building a Life of Extreme Success by Frank E. McKinney Scaling Up: How a Few Companies Make It…and Why the Rest Don’t (Rockefeller Habits 2.0) by Verne Harnish Start with Why: How Great Leaders Inspire Everyone to Take Action by Simon Sinek Tweetable Topics: “You don’t have a job for everyone.” (Tweet This!) “In any partnership there should be clear lines, clear boundaries, and clear respect.” (Tweet This!) “A lot of investors look to go out of area first because they don’t understand real estate.” (Tweet This!) “There maybe more risk with a lower cost investment, than higher cost investment.” (Tweet This!) “Our fear of losing money is greater than our desire to earn.” (Tweet This!) “Risk is all about assessing the good and the bad of making the decision or not making the decision.” (Tweet This!) “For investors, risk is not a bad thing.” (Tweet This!) “There is no perfect time.” (Tweet This!) Connect with Chris Chris’ Company Website Chris’ BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of the BiggerPockets Podcast, learn how to build an incredibly successful real estate business using the “IDEAL” system. Andrew and Phillip Syrios have built an incredible rental property business in just a few short years and today they’ll share all their best tips so you can do the same. Discover the truth about property management, getting dirty, working with family, rentals, flips, and more! This episode is destined to become one of the most talked-about (and fun) episodes in BiggerPockets Podcast history! In This Episode We Cover: How Andrew and Phillip “get things done.” How the brothers started in REI Flipping 200 houses… impossible? How discipline has helped them buy properties What “IDEAL” real estate investing is… and why it matters The truth about depreciation How to find the true value of properties Tips for newbies on getting started Working with private lenders to fund deals The 4 pieces that need to work in order to have a good buy and hold investment The most important things to know as a property manager Running a family business And SO much more. Links from the Show: BP Podcast 117: Maximizing Productivity to Get Things Done with David Allen Buy & Hold Real Estate is the Ultimate Investment: Here’s Why (blog) How to Buy a Small MultiFamily Property: A Step by Step Case Study The BiggerPockets Book on Flipping Houses BiggerPockets Forums Books Mentioned in this Show Getting Things Done: The Art of Stress-Free Productivity (revised edition) by David Allen Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down The Book on Estimating Rehab Costs by J. Scott The Millionaire Real Estate Investor by Gary Keller The Landlord’s Survival Guide by Jeffrey Taylor How to Win Friends & Influence People by Dale Carnegie Great by Choice by Jim Collins Good to Great by Jim Collins Tweetable Topics: “The number of houses you flip is not that much important, the main thing is how much money you made.” (Tweet This!) “Grow in a sustainable consistent manner than trying to get from here to there in a snap of a finger.” (Tweet This!) “Deferring gratification and being able to see the long run is what buy and hold is.” (Tweet This!) “Every property has some sort of value.” (Tweet This!) “If you hate working, then nothing’s going to work.” (Tweet This!) “You’re only as good as your management.” (Tweet This!) “If you’re the property manager, then you should be the good guy and always on their team.” (Tweet This!) “Success builds on itself.” (Tweet This!) Connect with Andrew Andrew’s BiggerPockets Profile Andrew’s Real Estate Website Connect with Phillip Phillip’s BiggerPockets Profile Phillip’s Youtube Phillip’s Twitter Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast, we’re changing things up and doing something we’ve never done before! Today we’re bringing you over an hour of actionable advice on exactly how to find real estate deals (even in a hot market,) how to analyze those deals (so you don’t lose money,) and how to finance those deals (even if you have very little cash!) Don’t miss this exciting and totally different show… a taste of our weekly webinar! In This Episode We Cover: A bit about Mr. Brandon Turner and what he does at BiggerPockets Brandon’s first property- bought when he was 21 years old How to find an incredible deal, even in a hot market Using direct mail to find deals Two methods of using Craigslist Using the BiggerPockets Marketplace Using eviction records to find deals How to Analyze Deals, including a demonstration of the BiggerPockets Calculators The top 10 mistakes investors make when analyzing deals How to Finance a Property The different types of loans you can use What is Seller Financing? Using partnerships to fund deals Hard money vs Private money Lenders And SO much more! Links from the Show: BiggerPockets Webinar BiggerPockets Webinar Replays (for Pro) Webinar Replay on the most recent show (only until Monday evening) Driving for Dollars Bible (blog post) BiggerPockets Marketplace LoopNet Costar #AskBP 008: Tragic Story BiggerPockets Analysis Tool BiggerPockets Keyword Alerts BiggerPockets Meet BiggerPockets Pro BP Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy BP Podcast 076: Growing Your Real Estate Company Into a $30 Million Dollar Business with Brian Burke BP Podcast 014 : Cash Flow, Creative Finance, and Life with Ben Leybovich BiggerPockets Forums BiggerPockets #AskBP Podcast BiggerPockets Calculators Text to Join the Webinar Just text “bpwebinar” (without the quotations) to 33444 to join this week’s webinar Books Mentioned in this Show Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down The ABCs of Real Estate Investing with Ken McElroy Tweetable Topics: “The harder I work, the luckier I seem to get.” (Tweet This!) “The cake is cashflow.” (Tweet This!) “Do your math even better because having money makes you dangerous.” (Tweet This!) “It has nothing to do with intelligence or luck, it has to do with taking action and working hard.” (Tweet This!) Connect with Brandon Brandon’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets Podcast, we are excited to introduce you to Graham Mink, a professional hockey player turned real estate investor from the state of Vermont. Graham shares the story of getting his first deal while traveling the world and his journey since that day. You’ll learn how he turned the lessons gained from house hacking into a profitable business managing tenants, being a real estate agent, and subdividing properties. If you want to invaluable lessons about jumping into real estate investing, scaling your business, the ins and outs of financing your deals — and much more — then take a little time out of your day to hear this inspirational show! In This Episode We Cover: A bit about Graham and his professional hockey career What it’s like to transition from professional sports to real estate His first property and first tenant, thanks to his father! Details on refinancing a property What you should know about home equity lines of credit What exactly an FHA loan is How to use house hacking to create income Details on his second deal A discussion about the real estate market The ins and outs of finding the property that fits what you want to do How Graham subdivided a property The role BiggerPockets played Graham’s success How to execute a seller-financed deal The pros and cons of getting real estate license And SO much more! Links from the Show: BiggerPockets is hiring! BiggerPockets Webinar Replays (for Pro) How to “Hack” Your Housing and Get Paid to Live for Free The Real Estate Market: How to Analyze and Predict Cycles The Real Key to Success is Cheating. Here’s How (and Why) To Cheat… BiggerPockets Podcast Show 118 with Grant Cardone BiggerPockets Forums BiggerPockets Calculators Books Mentioned in this Show The Book on Flipping Houses by J Scott Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down Landlording on Auto-Pilot by Mike Butler Think and Grow Rich by Napoleon Hill Tweetable Topics: “The one who pumps out slow and steady kind of wins the race.” (Tweet This!) “If you’re not making money, you’re not making money.” (Tweet This!) “Get your license, find a mentor… scrub toilets if you have to.” (Tweet This!) “Walk before you run.” (Tweet This!) “Everybody’s got some kind of advantage.” (Tweet This!) “When you seen an opportunity that you lose, it opens the door for something else.” (Tweet This!) Connect with Graham Graham’s BiggerPockets Profile Graham Mink’s Wikipedia Page Graham’s Twitter Graham’s LinkedIn Learn more about your ad choices. Visit megaphone.fm/adchoices

The links to third-party products and services on this page are affiliate links, meaning that BiggerPockets may earn a commission (at no additional cost to you) if you click through and make a purchase. When getting started, should you go BIG or go small? On this episode of the BiggerPockets Podcast, learn how Himanshu Jain got started investing in real estate by buying BOTH a condo and a 20-unit apartment complex. Discover the lessons Himanshu learned in the process, as well as the pros and cons of each. Additionally, the discussion on property management is going to blow you away — especially when you learn why Himanshu uses not one but THREE different property managers to look after his portfolio. Whether you want to diversify your real estate portfolio or you’re just interested in different forms of investing, check out this fascinating, innovative episode! In This Episode We Cover: How Himanshu got started with real estate investing The pros and cons of getting a vacation rental as a first property How he branched out into condo units What exactly corporate housing is Opinions on Homeowners Associations How he made the big jump to multifamily How to use another business to finance your next deal Why exit strategy matters to Himanshu The ins and outs of having multiple property managers Tips on marketing multifamily units How Himanshu finds properties How he dealt with “unusual activity” in his multifamily unit Why he became a real estate agent And SO much more! Links from the Show: VRBO HomeAway FlipKey HomeSearch (sponsor) Podio (sponsor) Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki Blue Ocean Strategy by W. Chan Kim The 10X Rule by Grant Cardone Tweetable Topics: “Buy with the end in mind.” (Tweet This!) “Nobody will ever take as good a care when it comes to properties as yourself.” (Tweet This!) Connect with Himanshu Himanshu’s Website Himanshu’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate entrepreneurs are busy people… but this doesn’t have to mean getting overwhelmed! In this episode of the BiggerPockets Podcast, we sit down with world-famous productivity author David Allen to learn tips and tricks for getting more things done in your life. You’ll learn how to accomplish more things, in less time, with less stress using the Getting Things Done (GTD) system. This show will inspire and encourage you to do even more in your business. Whether you’re just starting out as an entrepreneur, or you just want to run your business more effectively and seamlessly, you’ll definitely get something valuable out of this episode! In This Episode We Cover: David Allen’s backstory The two elements of self management you should know What hats you should learn to wear Areas in life you need to make sure you’re keeping an eye on How to keep yourself oriented in the right direction What exactly an “external brain” is and how to build it What you need to know about Getting Things Done Important notes on research and development The 5 steps of the GTD system The big question: What is the next actionable step? The ins and outs of the 2-minute rule The importance of making a mess And SO much more! Books Mentioned in this Show Getting Things Done: The Art of Stress-Free Productivity (revised edition) by David Allen The Organized Mind: Thinking Straight in the Age of Information Overload by Daniel J. Levitin BrainChains by Dr Theo Compernolle Tweetable Topics: “You need to make sure you have the map, but you’ve got to have a good map with all the right data on it.” (Tweet This!) “It’s terrible to go play soccer without a goal.” (Tweet This!) “If you can take the action step in two minutes or less, do it right then.” (Tweet This!) “You’re going to learn more doing it than reading a book.” (Tweet This!) “The core key in getting in control and focused is the weekly review.” (Tweet This!) “If you don’t spend any time on reviewing, you will just go fumble around and be driven by the latest and loudest.” (Tweet This!) “You’re most creative when you have a space to make a mess.” (Tweet This!) “Your head is for having ideas, not for holding them.” (Tweet This!) Connect with David David’s Website Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of the BiggerPockets Podcast, learn what it took for Nasar Elarabi to quit his dead-end job and become a full time wholesaler, flipper, and landlord. Tune in for discussions covering how he funds his deals, what makes him a better landlord, and why he’s tried his hand at many avenues of real estate. In this not only informative, but also wildly entertaining episode, Nasar shares his tales of success and the failures that helped him learn — including the first flip he ever undertook (that turned out to be disastrous). This show is packed with a heavy dose of motivation and miles of actionable content, so don’t waste another minute. Just hit “play!” In This Episode We Cover: How Nasar got into real estate  The story of how he got it all wrong with his first flip What he learned from those mistakes How he shifted to buy & hold properties What you should know about debt to income ratios How Nasar funds his deals How he became “too stupid to quit“ Why he shifted once again to wholesaling What makes him a better landlord now Interesting information on owner financing How to know when to quit your job The ins and outs of achieving a “slam dunk deal“ The importance of working with the right people What exactly code enforcement leads and delinquent tax leads are What makes him different from other investors And SO much more. Links from the Show: BiggerPockets Forums: Success Stories Forum Thread about the Danger of Wholesaling Is Real Estate Wholesaling Illegal? BiggerPockets Webinar Replay Agent’s Guide BiggerPockets Ultimate Beginner’s Guide to Real Estate Investing 99Designs BiggerPockets Podcast Show 100 BiggerPockets’ Facebook BiggerPockets’ Twitter Books Mentioned in this Show Think and Grow Rich by Napoleon Hill Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down You Can Make It Happen: A Nine Step Plan for Success by Stedman Graham Tweetable Topics: “Slow down and learn to focus on that one thing that you want.” (Tweet This!) “Just because you own four houses does not make you a real estate expert.” (Tweet This!) “Sometimes you’ve got to jump off the roof and get your wings on your way down.” (Tweet This!) “You’re going to learn more doing it than reading a book.” (Tweet This!) Connect with Nasar Nasar’s Website Nasar’s BiggerPockets Profile Nasar’s Youtube Nasar’s Facebook Nasar’s Twitter Learn more about your ad choices. Visit megaphone.fm/adchoices

Have you ever wanted to invest in apartment complexes, but were unsure how to start? That’s the topic of today’s BiggerPockets Podcast episode, where we sit down with apartment complex investor Jeff Greenberg. Jeff shares a ton of actionable advice on how to analyze, find, and finance larger multifamily investment properties! If you want to benefit from the big potential profits this kind of real estate investing can offer, don’t miss out on this informative episode. In This Episode We Cover: The details of Jeff’s first deal How best to fund a commercial property What exactly portfolio lending is How to start out with no experience Why professionalism works in real estate What you need to know about LOIs Why building relationships matters to your success The importance of having a mentor How to evaluate a commercial property Tips on forming the team you need to start investing Jeff’s methods for finding great deals Mistakes he made during the course of his career And SO much more! Links from the Show: Trivia Email BiggerPocket’s News LoopNet BiggerPockets Ultimate Beginner’s Guide to Real Estate Investing 99Designs BiggerPockets Forums Books Mentioned in this Show The E-Myth Revisited by Michael E. Gerber Rich Dad Poor Dad by Robert T. Kiyosaki Rich Dad’s CASHFLOW Quadrant by Robert T. Kiyosaki Connect with Jeff Jeff’s Website Jeff’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Have you ever been on vacation and thought, it sure would be nice to own some property down here? Well, that’s the subject of today’s podcast, as we speak with vacation rental property owner Scott Sutherland about how he’s built a profitable business owning and managing his vacation rental properties. You’ll learn the step by step process for finding potential properties and analyzing them for profitability, as well as financing ideas and tips on managing the short-term renters. Whether you’re already in this real estate niche or you want to get your foot in the door, we’re confident you’ll get some new insight here. Don’t miss this exciting episode! In This Episode We Cover: How Scott got started in real estate investing His story of taking time off Thoughts on choosing between stocks and real estate The concept of control in real estate How to get into the niche of vacation rentals Strategies for properties that don’t typically cash flow What exactly a vacation rental entails The ins and outs of vacation rentals, including pros and cons How to market your rental property What you should know about tenant screening on vacation rentals And SO much more! Links from the Show: Trivia Email Brandon’s Forum Post on Vacation Rentals BiggerPockets Forums Evicting Renter from a Vacation Rental Property BiggerPocket’s The Book on Investing in Real Estate with No (and Low) Money Down HomeAway VRBO AirBNB alexa.com 99Designs Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki The 4-Hour Workweek by Timothy Ferriss Connect with Scott Scott’s Website Scott’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we’re excited to bring you another fantastic interview by one of the most successful real estate authors in America. Jay Papasan is best known to this audience as the co-author of The Millionaire Real Estate Investor (co-written with Gary Keller) which has been our top-recommended real estate book here from BiggerPockets Podcast guests. He also co-authored The Millionaire Real Estate Agent and collaborated on the best selling book FLIP and HOLD. Most recently, Jay is the co-author of The One Thing, which Brandon recently featured as the number one book on his list of the business books that changed his life in 2014. Jay is also a savvy real estate investor, and he shares his incredible story and strategy with us today! In This Episode We Cover: How Jay got started writing real estate books Why real estate agents don’t invest themselves How to adopt an investor mindset The habits real estate investors hold How to do the math when looking at properties Insight into The Millionaire Real Estate Investor Clever methods for finding deals What you should know about “The Domino Effect“ And SO much more! Links from the Show: BiggerPockets T-shirt BiggerPockets Tools for Analysis BiggerPockets Podcast Show 105 with Ophelia Nicholson BiggerPocket’s The Book on Investing in Real Estate with No (and Low) Money Down Books Mentioned in this Show The Millionaire Real Estate Investor by Gary Keller The Millionaire Real Estate Agent: It’s Not About the Money…It’s About Being the Best You Can Be! by Gary Keller The Book on Flipping Houses by Mr. J Scott The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results by Gary Keller Good to Great: Why Some Companies Make the Leap…And Others Don’t by Jim Collins The Millionaire Next Door by Thomas J. Stanley The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich by David Bach Body for Life: 12 Weeks to Mental and Physical Strength by Bill Phillips Go For the Goal by Mia Hamm Rich Habits – The Daily Success Habits of Wealthy Individuals by Thomas C. Corley Rich Dad Poor Dad by Robert T. Kiyosaki The 4-Hour Workweek by Timothy Ferriss The Lean Startup by Eric Ries The Richest Man in Babylon by George S. Clason Rich Dad’s CASHFLOW Quadrant by Robert T. Kiyosaki Managing Oneself by Peter Ferdinand Drucker Tweetable Topics: “Start looking at the world as an opportunity.” (Tweet This!) “Every house is a surprise.” (Tweet This!) “I’d always rather miss 5 or 6 good ones rather than buy one bad one.” (Tweet This!) “I’d rather have fewer roofs to manage but have more net worth and cash flow over time.” (Tweet This!) “Achievers have a clear sense of priority.” (Tweet This!) “Action is how you make progress in life.” (Tweet This!) “If I just teach him one thing, where do I begin that has the most impactful way for me to line up my life?” (Tweet This!) “You figure out what your focus should be and act that way all the time.” (Tweet This!) “The best way to learn something is to teach it.” (Tweet This!) Connect with Jay Jay’s Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Get ready for another incredible episode of the BiggerPockets Podcast! On today’s show we talk with real estate investor and property manager Mark Updegraff about buying homes from little old ladies, managing tenants with less stress — and who has the bigger beard: Brandon or Mark. If you want to learn about developing a buying criteria, how to get great leads through BiggerPockets, the “extra step” you should most definitely take while screening tenants, and a whole lot more, then don’t miss out on this entertaining show! In This Episode We Cover: What everyone should know about growing beards How Mark got started in real estate How to find a 100 percent value neighborhood Perspectives on Section 8 and slumlords The “extra step” you should perform during tenant screening Lessons learned from Mark’s very own property management business Clever methods for finding deals How Mark get leads through BiggerPockets Mark’s take on real estate agents How to develop a solid buying criteria Thoughts on get-rich-quick schemes when it comes to real estate And SO much more! Links from the Show: Trivia Email 100 Day Challenge BiggerPockets Webinar Replay (Pro benefit) BiggerPockets Plus and Pro Accounts Cheesy Eddie’s Zillow Trulia BiggerPockets Podcast Show 83 with Marcia Maynard BiggerPockets Forums BiggerPockets Meet Google Drive BiggerPockets Podcast Show 111 BiggerPockets Webinar BiggerPocket’s The Book on Investing in Real Estate with No (and Low) Money Down Books Mentioned in this Show How We Bought a 24-Unit Apartment Building for (Almost) No Money Down: A BiggerPockets QuickTip Book The 10X Rule: The Only Difference Between Success and Failure by Grant Cardone The Book on Flipping Houses by Mr. J Scott The Fountainhead by Ayn Rand The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters by Gregory Zuckerman Tweetable Topics: “We go through our policies up front so they know that we take our business seriously.” Share on Twitter “I’m not trying to sell people things that I don’t agree with.” Share on Twitter “The secret to why I’ve been so successful is that I don’t screw around.” Share on Twitter “The first person to establish a relationship to the other agent has an upper hand when it comes to closing the deal.” Share on Twitter “Your net worth is in your network.” Share on Twitter Connect with Mark Mark’s Website Mark’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of the BiggerPockets Podcast, we dig into a real estate niche that, until today, you’ve probably never considered. However, after listening to this entertaining and informative show with guest Jefferson Lilly, we think you’ll be a believer! Join us as we dive into the world of mobile home parks, and learn numerous reasons why a park might be a better investment than either single family or multifamily real estate. Whether you’re looking for a great, low-barrier first time real estate niche to invest in, or you’re simply looking to expand your growing portfolio — don’t miss out on wealth of knowledge covered in this episode! In This Episode We Cover: How Jefferson got started with value investing Why you should emulate Warren Buffet How he began investing in mobile home parks What you should know about the views on mobile homes in America Insight on helping people move from one asset class to the next The ins and outs of how investing in mobile home parks works How Jefferson got a half million dollar line of credit How he got a 50% increase in the affordable housing program Discussions on income streams for mobile home parks What you need to know about LLCs for mobile home investing How to find value in a mobile home A great explanation of “cap rate“ The essential duties of a park manager How Jefferson raised funds for his investing Why you should use outsourcing & streamlining to manage your business And SO much more! Links from the Show: Trivia Email BiggerPockets Calculator Suites TulsaEstatesMHP Website BiggerPockets Forums BiggerPockets Blog Craigslist ParkStreetPartners Fund Odesk.com Elance.com Dropbox SquareSpace Stripe.com Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki The Snowball: Warren Buffett and the Business of Life by Alice Schroeder Tweetable Topics: “A key point is the ability to think broadly and use OPM — other people’s money.” Share on Twitter “It’s about helping people moving from one asset class to the next.” Share on Twitter Connect with Jefferson Jefferson’s Main Website LillyandCompany Learn more about your ad choices. Visit megaphone.fm/adchoices

Everyone knows rental properties can be a great way to build wealth — but they also generally come with significant hassle and stress. However, today on the BiggerPockets Podcast we sit down and talk with Glenn McCrorey, an investor who discovered a unique and powerful real estate niche that makes his landlording almost completely hassle-free! Learn insight on renting to family and friends, tips on how NOT to waste your time worrying about your rentals, and ways to lessen the inconveniences that come with managing property. If you value your time but still want to invest in rentals — then don’t miss out on this unique episode! In This Episode We Cover: How Glenn got started on his first property What you need to know about renting to family and friends The ins and outs of special assessments Insight on the condo experience Reasons why Glenn and Brandon hold properties that aren’t earning What the “hassle factor” is and how you can manage it The secrets behind owning worry-free rentals How to “live the dream” as a landlord And SO much more! Links from the Show: Trivia Email BiggerPocket’s The Book on Investing in Real Estate with No (and Low) Money Down REO Wells Fargo BiggerPockets’ List of REOs BiggerPockets’ Forums: What kind of car do you drive? BiggerPockets’ Podcast Show 109 BiggerPockets’ Webinar Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki How I Turned $1,000 into Five Million in Real Estate in My Spare Time by William Nickerson The Goal: A Process of Ongoing Improvement by Eliyahu M. Goldratt Tweetable Topics: “Even if you invest with creative measures, you should need to have some sort of reserve.” Share on Twitter Connect with Glenn Glenn’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

No one wants to get sued, but if you plan to build a real estate empire, the question is not so much “if” but “when.” However, we here at BiggerPockets have your back, so today we are bringing on Scott Smith, an incredibly smart and funny asset protection attorney from the great state of Texas! Scott shares with us a variety of tools and tactics you can use in your real estate business to protect yourself from losing the wealth you are working so hard to create. Be prepared to learn new tips you’ve probably never heard before regarding umbrella policies, building your real estate team, LLCs, trust funds and more. Don’t miss out on this information-packed episode! In This Episode We Cover: Forming an LLC right off the bat The ins and outs of Insurance vs. Assets Ten things you need to know to protect your assets What exactly an Umbrella Policy is and why it might not do what you think it will Why you shouldn’t put all your properties under one name What you should know about the Delaware Statutory Trust Scott’s advanced strategies for real estate investors Everything you need to know about LLCs vs. Trust Funds Who you need as part of your team when investing And SO much more. Links from the Show: BiggerPockets Webinar BiggerPockets Wholesaling Calculator Trivia Email 10 Ways to Protect Your Assets — This document was prepared by Scott Smith to accompany this podcast presentation. BiggerPockets Podcast Show 105 with Neal Frankle BiggerPockets’ Investing in Real Estate with No Money Down Books Mentioned in this Show The 4-Hour Workweek by Timothy Ferriss Rich Dad Poor Dad by Robert Kiyosaki Tweetable Topics: “Rich people don’t own things, rich people control things.” Share on Twitter “You don’t really have any friends once you start getting sued.” Share on Twitter Connect with Scott Scott’s BiggerPockets Profile Scott’s Email Address Learn more about your ad choices. Visit megaphone.fm/adchoices

Prepare to laugh, groan, and be inspired. On today’s episode of the BiggerPockets Podcast, we sit down with bestselling author, TV pundit, and massively-successful real estate investor Grant Cardone. In one of the most motivating, humorous, inspiring — and inappropriate — podcasts of all 108 shows, you’ll be captivated by Grant’s candor and viewpoints on everything from getting a college education to investing in liberal cities to his definition of success. You’ll also learn how Grant has used the principles outlined in his book, The 10X Rule, to grow his real estate portfolio to a value of $350,000,000. Yes, that’s $350 MILLION dollars. You are going to love this one. In This Episode We Cover: Grant’s apology to the BiggerPockets Audience… Why Grant has NEVER written a business plan Why Grant chooses to put his money into real estate How Grant analyzes properties to make sure he always makes money Grant’s morning and evening routine to keep him motivated How Grant finds deals in today’s market Why Grant doesn’t advise investing in single family homes The easiest property type today to get a loan on Why Grant invests in democrat/liberal areas The truth about getting picked on, talked about, and made fun of The brilliant method Grant used to get a 1000+ unit property although he was outbid by 38 different people The unique definition of success to Grant Why aren’t more people doing real estate? How YOU can become a part owner in Grant’s business And SO much more. Links from the Show: The Top 5 Business Books that Changed My Life in 2014 Hendricks and Partners – Apartment research website Books Mentioned in this Show The 10x Rule by Grant Cardone Sell or Be Sold by Grant Cardone The ABCs of Real Estate Investing by Ken McElroy The 10X Day Planner The Secret by Rhonda Byrne Think and Grow Rich by Napoleon Hill The Greatest Salesman in the World by Og Mandino The Problems of Work by L. Ron Hubbard Tweetable Topics: “People are settling for their reality rather than working to their full potential.” (Tweet This!) “While you are writing your business plan, I’m in the marketplace building customers.” (Tweet This!) “Success is my duty, my responsibility, and my obligation.” (Tweet This!) “I buy existing properties that are already producing revenue- and then I do my magic with them.” (Tweet This!) “Focus on what you want, every day.” (Tweet This!) “Real estate is definitely a timing thing.” (Tweet This!) “I don’t believe in diversification…Find the right vehicle and go all-in.” (Tweet This!) “If you don’t know you made money on the day you bought it, that was a bad deal.” (Tweet This!) “Whatever you are criticizing, it’s your problem not their problem.” (Tweet This!) “If people don’t know who you are, you aren’t buying their property.” (Tweet This!) “Every time I get money, I go broke again because I shove it into this real estate thing.” (Tweet This!) “We are a renter-nation.” (Tweet This!) “If you could get half the US population to hate you – you could be the President.” (Tweet This!) “Success is the difference between my reality and my potential.” (Tweet This!) “I’m not interested in ‘happy.’ I’m interested in ‘meaning.'” (Tweet This!) “You’re going to have problems, what kind of problems do you want? I want big problems.” (Tweet This!) Connect with Grant Grant’s Website Grant’s Real Estate Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Many new investors lose money on their first, second, and third deal. There is a steep learning curve when trying to invest in real estate and, while the loss is painful, it’s very common. However, not for today’s guest. Today we sit down with Jonathan Makovsky, a new investor from the tri-state area who had incredible success right out of the gate! If you are a new investor trying to find the right way to get started or if you’ve been investing for years but want to improve your game – don’t miss this impressive interview with Jonathan! In This Show We Cover: How Jonathan got started with a push from mom Tips on taking advice to best push your business forward Exactly how many houses Jonathan looked at per day in search of a deal The benefits of having a real estate license The lessons to be learned by failing on your first deals How to use direct mail for marketing The details of Jonathan’s first property, purchased for $150,000 How to find a partner through BiggerPockets What exactly “racer math” is The pros and cons of letters and postcards Jonathan’s experiences with office building How to make a partnership work Tips on using BiggerPockets as a tool for success Plus MUCH more! Links From the Show: BiggerPockets’ Plus and Pro BiggerPockets’ Wholesaling Calculator BiggerPockets’ Podcast Show 106 BiggerPockets’ Podcast Show 92 7 Years to 7 Figure Wealth BiggerPocket’s Events and Happenings Forbes The Wall Street Journal Books Mentioned in the Show The Book on Flipping Houses by Mr. J Scott Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli How to Win Friends & Influence People by Dale Carnegie Connect with Jonathan Jonathan’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Is it possible to build a large real estate business without the use of banks? Our guest today, Mike Sumsky, shows us that it’s not only possible – but can be incredibly beneficial! Mike has done well over 100 deals in the past several years using a variety of creative finance methods and shows you how you can do the same. Listen for great tips on obtaining private money, finding deals by knocking on doors, and other innovative strategies for building your real estate business. Whether you want to overcome a lack of funding or you just want to explore creative ways to raise capital, this is an episode you don’t want to miss! In This Show We Cover: Mike’s thoughts on creative real estate investing How he got his first properties Investing while losing a job The beauty of taking action without knowing everything yet How to get your first deal from knocking on doors The anatomy of a short sale Tips on applying for a bank loan How to learn while doing Closing on a house with less than 5 thousand dollars What “Subject To” type deals are Everything you need to know about private money How to become “the prize” in each transaction Plus MUCH more! Links From the Show: BiggerPockets’ Trivia (email) BP Podcast Show 105 Video of the flood with Brandon And another video BiggerPockets’ List of Real Estate Meet ups CreditKarma BiggerPockets Forums Buildium Books Mentioned in the Show Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down Think and Grow Rich by Napoleon Hill Pitch Anything: An Innovative Method for Presenting, Persuading, and Winning the Deal by Oren Klaff Landlording on Auto-Pilot by Mike Butler The E-Myth : Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber Work the System by Sam Carpenter Connect with Mike Mikes’s BiggerPockets Profile Mike’s Blog Learn more about your ad choices. Visit megaphone.fm/adchoices

Prepare to be inspired and motivated after listening to today’s episode of the BiggerPockets Podcast! In this program we sit down with Ophelia Nicholson, a house flipper from the Maryland area who got started with real estate while working a minimum wage job. You’ll learn how she broke out of that life and was able to quit her job to become a full time, successful house flipper, working on multiple properties at once! Listen for insightful tips on applying for a loan, learning to be a landlord, partnering with family members and quitting your job for real estate. If you’re wondering whether it’s possible to make your investing dreams come true, don’t miss out on this episode — it’ll give you great insight into how you CAN make it happen! In This Show We Cover: How Ophelia got started investing The story of her “first small house“ How to buy a house on a minimum wage salary Tips on applying for a loan The experience of becoming an accidental landlord What to do if you’re sued by your renter Lessons about starting out as a landlord Ophelia’s on and off relationship with real estate The pros and cons of partnering with family How to put 15 properties under contract in 30 days Quitting your job for real estate Thoughts on women getting into real estate investing Plus MUCH more! Links From the Show: BiggerPockets’ Trivia (email) BP Podcast Show 104 BiggerPocket’s Real Estate Analysis Software BiggerPockets’ List of Hard Money Lenders BiggerPocket’s Flipping Book Books Mentioned in the Show The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties by J. Scott Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down The 10X Rule: The Only Difference Between Success and Failure by Grant Cardone The Trick to Money Is Having Some by Stuart Wilde Connect with Ophelia Ophelia’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate investing has the power to change your life. Today on the BiggerPockets Podcast, we chat with an investor who’s tried his hand at everything from house flipping to new construction — and much more! Our guest Todd Whiddon shares with us how he is building a massively successful business while still making big plans to achieve the life of his dreams. Listen for tips on how Todd has handled failure and come out the other side stronger for it, as well as his input on successfully building a solid team and managing a business. Whatever avenue of real estate investing you’re focusing on, don’t miss out on this episode! It’s sure to leave you inspired and motivated to take your investing to exciting new places. In This Show We Cover: How Todd got started in real estate after the collapse of this multimillion dollar company. The story of his “two starts” in real estate Flipping property after the crash The ins and outs of Todd’s “live and flip” strategy Why you might want to run a real estate business like a cabinet business Tips for building a top notch team How to successfully manage a business Problems Todd has faced in his real estate career The huge flooring mistake Todd made when he started flipping houses The details of how tax sales work Lessons on performing due diligence on a property How to transact a business the right way Plus MUCH more! Links From the Show: BiggerPockets’ Files Diary of a New Construction Project Global Leadership Organization BiggerPocket’s Flipping Book BiggerPocket’s Support (email) Diary of a POP TOP Second Story Addition Project – Todd’s Amazin BP Forum Thread Books Mentioned in the Show The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties by J. Scott The 4-Hour Workweek by Timothy Ferriss The E-Myth : Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber Getting Things Done: The Art of Stress-Free Productivity by David Allen Connect with Todd Todd’s BiggerPockets Profile Todd’s LinkedIn Profile  Learn more about your ad choices. Visit megaphone.fm/adchoices

Is it possible to invest in real estate at a distance — successfully? While many might say “no,” today on the BiggerPockets Podcast we bring you Elizabeth Colegrove, who is working on securing her and her husband’s retirement by investing in one home at a time, largely from a distance. Learn the ins and outs of long distance property management and what to look for when deciding on properties to invest in. From “house hacking” to 1031 exchanges to long distance investing and more, this show is packed with wisdom (and debates) that are bound to inspire you to move your business forward, no matter where you live and where you invest. In This Show We Cover: How Elizabeth got started in real estate How she was introduced to real estate when she was young Discussions about 1031 deals Some tips on getting VA loans Tips for new investors in looking for a property How to successfully use short sales Self managing from a distance What type of properties she buys How she handles costs and how she calculates them Her future real estate goals A perspective on appreciation Plus MUCH more! Links From the Show: BiggerPockets’ Plus and Pro  BiggerPocket’s Short Sale Definitive Guide The Short Sale Process Elizabeth’s post on Short Sales Books Mentioned in the Show NOLO Legal Books Connect with Elizabeth Elizabeth’s BiggerPockets Profile Elizabeth’s Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Have you ever struggled to get to the next level with your real estate investing? On today’s episode of the BiggerPockets Podcast, we sit down with real estate wholesaler and self-proclaimed “struggling investor” Scott Costello. In this riveting interview, you’ll learn why real estate investing is never as easy as it might appear and how to overcome the struggles that everyone faces to find success. Listen for awesome tips on how to break into the real estate industry, advice on getting into wholesaling, and how to motivate yourself amidst the everyday struggles investors face. If you’re looking for some great motivation and useful tips, don’t miss this inspiring interview! In This Show We Cover: How Scott got started in real estate thanks to a book What took him so long to get his beginning How he used wholesaling to get his foot in the door Why personality matters in deciding what path to take in your investing General advice for wholesalers The ins and outs of starting real estate with a full time job How to find a partner to invest with Scott’s method of targeting absentee owners from tax records What keeps him going as an investor The everyday struggles real estate professionals face Things Scott would have done better if he could do it again The importance of establishing a website The best and worst deals Scott has ever done Tips on using the Internet to market your next wholesale deal And MUCH more! Links From the Show: BiggerPockets Webinar Blogmutt.com BiggerPockets Marketplace BiggerPockets Plus and Pro Accounts Books Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down How to Win Friends & Influence People by Dale Carnegie Connect with Scott Scott’s BiggerPockets Profile Scott’s Business Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever wonder what real estate investing looks like from a real estate agent’s perspective? On today’s episode of the BiggerPockets Podcast, we sit down with Dawn Brenengen, a real estate agent-turned-landlord and discuss how she made the transition into the investing world, as well as her tricks and tips for success as a landlord. Along with important insight into the real estate licensing process, Dawn covers property management, house hacking, and a whole lot more! Listen for advice on finding a great property, handling everyday rental issues and finding that elusive “ideal” tenant. And in case you were wondering when it’s appropriate to bend the “2% Rule” — this episode explores that, too! Whether you have experience as a real estate agent or not, don’t miss this inspiring show! In This Show We Cover: How Dawn got started in real estate Thoughts on being a licensed real estate agent The qualities that make a successful agent A real estate agent’s perspective on what investors are looking for The 2% rule — and how to know when to bend it Importance characteristics of a great property The process of “house hacking“ What you need to know about property management How to handle tenant issues with grace The process of qualifying tenants Different perspectives on owning a home The ins and outs of establishing relationships with property managers The pros and cons of self management versus hiring the job out Tenant red flags and finding the ideal tenant Plus MUCH more! Links From the Show: The Real Estate Agent’s Ultimate Guide to Working with Investors Brandon’s article on House Hacking Podcast Episode with Chris Clothier BP Podcast Show 100 Resident Research List Hub Zillow Trulia CraigsList BiggerPockets Forum ActiveRain Be a Guest on the Podcast Books Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki Lean In: Women, Work, and the Will to Lead by Sheryl Sandberg I Shouldn’t Be Telling You This by Kate White Connect with Dawn Dawn’s BiggerPockets Profile Dawn’s Facebook Dawn’s LinkedIn Dawn’s Website Learn more about your ad choices. Visit megaphone.fm/adchoices

For the 100th episode of the BiggerPockets Podcast, we bring you the interview that you’ve been asking for since the beginning: the story of Joshua Dorkin, CEO of BiggerPockets and host of the BiggerPockets Podcast. Learn about Josh’s journey from real estate investing newbie to BiggerPockets founder — and all of the obstacles he had to overcome along the way. Get insider information on topics from starting your own business to property management and HOAs. And leave inspired to tackle your own hurdles and get your real estate endeavors off the ground! For BiggerPockets fans old and new, this is an instant BiggerPockets Podcast classic you won’t want to miss. Get ready to learn more about the man behind the BiggerPockets curtains! In This Show We Cover: How Josh got started in Real Estate The ins and outs of beginning your own business Thoughts on getting your real estate agent’s license How to get into Real Estate without any prior knowledge about it The importance of properly assessing a property What you need to know about HOAs Josh’s thoughts on appreciation Lessons regarding investing from a distance How BiggerPockets got its start Why BiggerPockets is hard on real estate gurus Why you should be authentic when using BiggerPockets The importance of building relationships online And MUCH more! Links From the Show: Brandon Turner’s Book on Amazon BiggerPockets Files BP’s Ultimate Beginner’s Guide to Real Estate Investing BiggerPockets Keyword Alerts BiggerPockets Marketplace BiggerPockets Plus and Pro Accounts BiggerPockets Support Should I Get My Real Estate License? An Investor’s Examination of Benefits & Costs by Mindy Jensen (The blog post Josh referred to!) SNL Appearance Books Mentioned in the Show Four Hour Workweek by Timothy Ferriss Rich Dad Poor Dad by Robert Kiyosaki The Richest Man in Babylon by George S. Clason Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down Rework: Change The Way You Work Forever by Jason Fried & David Heinemeier Hansson The CEO Code by David Rohlander Connect with Josh Josh’s BiggerPockets Profile Josh’s Twitter Josh’s Facebook Josh’s LinkedIn Josh’s GooglePlus Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we’re excited to bring you another “newbie podcast” with 3 new real estate investors who are excited to share with you the story of their very first real estate deal! This episode we are talking with three investors who share a common trait: they all have a deep understanding of personal finance and it’s role in the real estate investing space and write about it online! Today you’ll hear from Scott Trench, Lauren Bowling, and Philip Taylor as they share how they found their first deal, financed it, manage it, and more. We cover everything from house hacking to creative finance, dealing with fear, and numerous other topics so, without further suspense, let’s get to the show! In This Show We Cover: How to find deals in a hot market Finding and working with a great agent Down payments: how much is really needed? Three different “house hacking” methods (one from each guest!) Using government programs to finance properties Wrapping repairs into the loan and creating immediate equity The one rule you need when renting to family or friends How to thrive when your home is worth less than you paid for it Doing your own work vs. hiring it out How to cash flow your property and save on taxes at the same time The #1 personal finance tip from each guest Plus MUCH more! Links From The Show: BiggerPockets Ad Sales Confessions of an Ex-Banker: How to Get Your Next Loan Approved, Guaranteed. Books Mentioned in the Show Four Hour Workweek by Timothy Ferriss Rich Dad Poor Dad by Robert Kiyosaki The Richest Man in Babylon by George S. Clason The Millionaire Next Door by Thomas J. Stanley The Millionaire Real Estate Investor by Gary Keller Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down BiggerPockets’ Ultimate Beginner’s Guide to Real Estate Investing Overwhelmed: Work, Love, and Play When No One Has the Time by Brigid Schulte The Skinny on Real Estate Investing: An Introduction to the Subject by Jim Randel The E-Myth : Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime by MJ DeMarco Connect with Scott Scott’s BiggerPockets Profile Connect with Lauren Lauren’s Blog – LBeeAndTheMoneyTree.com Lauren’s Twitter Lauren’s Instagram Awkward Money Chat Connect with Philip Philip’s Blog – PTMoney.com Philip’s Blog detailed post about his cash flow report on his rental Philip’s Twitter FinconExpo Learn more about your ad choices. Visit megaphone.fm/adchoices

What does it take to buy, sell, and broker over $1,000,000,000 in real estate? That’s what you’ll discover in today’s podcast episode when we sit down with Allan Glass, a real estate entrepreneur from sunny Southern California. In this hour long interview, you’ll learn how Allan used his skills as a commercial real estate broker to build his own portfolio and “piece together” deals that are truly “win-win-wins.” If you are looking to take your business to a whole new level, don’t miss this show! In This Show We Cover: How Allan got started as a commercial broker in LA Thoughts on obtaining a Real Estate Finance Degree How Allan was able to profit despite getting started in the worst time to have career in real estate The two “book ends” Allan looks for to decide where to invest. How Allan shifted from an employee to starting his own business in the restaurant industry Why you should always have a backup plan The importance of continuing education and taking up a Masters in Real Estate Development Why functional obsolescence is vitally important to an investor How Allan manage to invest in numerous different property types How to add value to real estate and profit from it How Allan finds deals in any market. Allan’s ‘secret sauce’ of real estate investing Mistakes real estate investors make (including Allan) And lots more! Links From the Show Loopnet Costar Books Mentioned in the Show Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down The Reluctant Metropolis: The Politics of Urban Growth in Los Angeles by William Fulton Lucky Or Smart?: Fifty Pages for the First-Time Entrepreneur by Bo Peabody Connect with Allan Allan’s BiggerPockets Profile Allan’s Website Allan’s Facebook Allan’s LinkedIn Allan’s Twitter Learn more about your ad choices. Visit megaphone.fm/adchoices

Itching to quit your 9 to 5 to become a full time investor, but don’t know how to get there? This week, we sit down with an investor who has done just that — despite obstacles that could have discouraged his plans had he not been persistent and kept an eye on his end goal. Listen as Kyle Pettit shares with the BiggerPockets Podcast his story of breaking into the rental and wholesaling sides of the real estate industry, including tips on screening tenants, expanding your marketing reach and tackling the challenges that come with working from home. If you’re struggling to make your mark in world of real estate and wondering when that pivotal point of becoming a full time investor will ever happen, this is the motivation you’ve been waiting for. Newbies and experienced investors alike, don’t miss out on this informative, entertaining episode! In This Show We Cover: Details on Kyle’s first deals The ins and outs of an REO deal  What you need to know about hard money lenders The importance of building relationships early on How to be persistent despite setbacks on a wholesaling deal Important information about lease options How to find a good company for screening tenants Getting started with postcards and yellow letter campaigns Why you should always background check the people you work with How to handle phone calls through a virtual phone system Quitting your day job to focus on real estate Tips on finding and handling sellers The keys to expanding your real estate marketing What you should expect being a full time real estate investor Managing distractions and working at home And lots more! Links From the Show BiggerPockets Webinar RealtyShares Hard Money Lenders MySmartMove FreedomVoice Books Mentioned in the Show Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down Making Big Money Investing in Foreclosures: Without Cash or Credit by Peter Conti and David Finkel How to Win Friends & Influence People by Dale Carnegie Rich Dad’s Guide to Investing by Robert Kiyosaki Connect with Kyle Kyle’s BiggerPockets Profile Kyle’s Website Kyle’s Facebook Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate investing isn’t always about the speed of the chase – sometimes patience is key and the amount of deals you close might not be as important as the quality of each deal. If you’d like to hone your deal-finding skills and knowledge of your local market, don’t miss out on this BiggerPockets Podcast episode, where we sit down with Anson Young to discuss the art of unearthing great deals, which properties are the best to flip, and how to handle a hot real estate market. Anson got started in the real estate world back in 2004, when he moved to Arizona and bought his first house. A year later, he sold the property and moved back to Denver with his first big check, and he has been in the Colorado real estate game ever since. Exploring many sides of real estate investing, he’s found a niche in the wholesaling market and continues to grow his network and expertise of the local real estate environment. If you want to hear more about the many forms of real estate investing and how to break into your local market, be sure to check out this episode! In This Show We Cover: The key to being a good wholesale buyer The ins and outs of ARV and what it means to the real estate market Where the best areas are to purchase based upon neighborhood location How to understand localized real estate The dos and ds of co-wholesaling The differences between flipping and rehabbing How to target your best buying audience Whether you should use pre-foreclosure lists or not Who the best people to invest with are The most efficient way to find a private lender Whether a BPO is the way to go When you should make a package sample deal How to attract financiers when you are new to real estate Which types of properties make the best house flips And lots more! Links From the Show The BiggerPockets Forums BiggerPockets Calculator BiggerPockets Blog Books Mentioned in the Show? The Book on Flipping Houses by J. Scott Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down The TenX Rule: The Only Difference Between Success and Failure by Rabbi Grant Cardone The Effective Executive by Peter Drucker Connect with Anson Anson’s BiggerPockets Profile Anson’s Website Learn more about your ad choices. Visit megaphone.fm/adchoices

If nothing else, investing in real estate is an adventure, as well as an ever-evolving learning process, where you can alter your focus to align with the needs of yourself, your clients, and your family. This week on The BiggerPockets Podcast, we’ll learn all about what it takes to branch out in your real estate investing endeavors with our guest Curt Bidwell.  Curt’s first real estate opportunity arose while he was working as a pastor, when a few good friends asked if he wanted to partner with them on a local fourplex. Since then, he’s acquired quite a portfolio of real estate, including sixplexes, duplexes, new construction, single family homes, townhomes, and mixed properties. He’s done it all — and now he’s even gotten his kids involved! Listen for interesting tips on how to creatively invest, the best ways to find good tenants, as well as how to encourage your kids to get interested in finances and real estate along the way. In This Show We Cover: What makes a good partnership How to get started with mixed rental properties Ways to keep your children motivated and setting goals Where to find the best commercial locations to increase your real estate value The positives of renting out large family homes How to choose whether you should have in-house management for your multi-unit rentals Methods to teach your children to be financially wise The best ways to go about obtaining lines of credit for your properties Ways to creatively invest and finance your rentals What exactly a 1031 exchange is Helpful tips to finding a good location manager How to work with local commercial lenders Best ways to screen your tenants And lots more! Links From the Show BiggerPockets Success Stories The BiggerPockets Forums Books Mentioned in the Show  Rich Dad Poor Dad by Robert Kiyosaki Gary Keller’s The Millionaire Real Estate Investor Thou Shall Prosper: Ten Commandments for Making Money by Rabbi Daniel Lapin The Effective Executive by Peter Drucker Connect with Curt Curt’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Starting out in the world of house flipping and landlording can be taxing and a lot to take on at first, but it’s all a learning experience, which is why we want you to get to know a master at both, Michael Siekerka.  Michael’s first real estate investing experience was just six months after he graduated college, when he occupied his first purchase by doing a fix and flip. After years of rehabbing properties by partnering with friends for quick income, he eventually found his niche in buy and hold properties. In this informative episode, Michael shares with us how he manages his properties, the criteria he uses to find new places to rent out and the methods he follows to work successfully with hard money lenders and agents to boost his revenue. This is a show to hear if you’re in the market for success! In This Show We Cover: How to partner with friends correctly How to go from a fix and flip business plan to buy and hold properties Learning to finance correctly The dangers of using hard money lenders The pros of working with a real estate agent How to handle a basement leak — after the property is on the market Collaborating with commercial lenders Why working a job AND investing can be an ideal setup Making sure you have a Plan B The positives of working with a showing agent How his focuses have changed since his first purchase Importance of vetting tenants Why you should get references for prospective property managers And lots more! Links from the Show Hotpads Postlets BiggerPockets.com/analysis  The BiggerPockets Forums Online Rent Pay Tools Mike Recommends Intuit Google Wallet Chase QuickPay Books Mentioned in the Show  Commercial Mortgages 101 by Michael Rinehart Tim Ferriss’s The Four Hour Work Week Connect with Mike Mike’s Website Mike’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Many people take their time in building their real estate investing… but not today’s guest, who has used his incredible marketing skills to do more than 400 deals in the past five years! Erik Stark got his start after he had been flipping cars out of high school and wanted to move on to bigger, better things. Since then, Erik has tried his hand at wholesaling, as well as purchasing single family homes, commercial property, bulk estates, multi-family homes, and more — by his estimation, closing over 400 deals. Learn how he implements creative, eye-catching marketing techniques we can (almost) guarantee you’ve never heard of, as well as how he chooses which types of investments to make within his market. Erik’s business philosophy of adding value to others’ lives through his deals will leave you inspired, and his many unique tips will have you reaching outside the box for innovative ways to grow your business. Don’t miss out on this information-packed episode! In This Episode We Cover: How Erik got his start by flipping cars near Detroit Why embracing networking as a lifestyle can be life-changing The importance of focusing on a well-executed marketing plan How buying a house in a C-Class neighborhood can help finance a house in an A-Class neighborhood (see: napkin sketch below) The benefits of doing business in a market you know How to decide your focus within the real estate market What exactly a “swipe file” of competitors is and how it can help YOU An innovative way to execute direct mail when you don’t have the money What to look for in a partnership The genius marketing technique known as the “drunk letter“ The importance of loving what you do and waking up inspired And LOTS more! Links from the Show The Book on Investing in Real Estate with No (and Low) Money Down by Brandon Turner Books Mentioned in the Show Don’t Get Voted Off Real Estate Island by Mike Cantu (not on Amazon) Principles of Marketing by Theodore N., Maynard, & Davidson, William Beckman Real Estate Rewind – BiggerPockets Community Book Connect with Erik Erik’s BiggerPockets Profile Erik’s Facebook Learn more about your ad choices. Visit megaphone.fm/adchoices

Getting your first few real estate deals can be exceptionally tough -- which is why today we wanted to introduce you to an investor who is just wrapping up his first INCREDIBLE year as a wholesaler: Ben Grise.   During his first year, Ben earned more from wholesaling than most Americans earn from their jobs -- all while working a separate full time job, getting married, and having a baby! If you find yourself stressed, overworked and unsure of how to fit everything into your life -- this is a "can't miss" episode! Learn more about your ad choices. Visit megaphone.fm/adchoices

Don’t miss this special feature, as we come to you live from FinCon 2014 for Podcast 90! In a BiggerPockets Podcast first, we sit down and chat live with financial conference attendees Matt Giovanisci from New Jersey, Romeo Jeremiah from Detroit and KC Beavers from Rochester, NY, three real estate investor newbies with fascinating stories and great tips for beginning investors and veterans alike! Hear from “accidental landlords” — a growing breed of property owners — firsthand, and let yourself be regaled by tales proving that first time investors CAN achieve success from the get go. A unique and high energy recording, this is one episode you’ll definitely want to tune in for! In This Show We Cover: Getting stuck with a property during the economic downtown The decision to rent by default, ie. the “Accidental Landlord” situation The art of staging a space to rent it out fast What exactly a “Streamline Refinance” entails The pros and cons of renting from afar Why finding a (trusted) property manager can be crucial The simple way to fix a garbage disposal you may not know A great first-time house flip success story How to start out with a 24-unit apartment building The concept of “Forced Appreciation” Wealth creation vs. wealth preservation The importance of thoroughly vetting tenants The ins and outs of using Real Estate to diversify your portfolio How to get a loan on a commercial property And so much more! Books Mentioned in the Show The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss The Millionaire Real Estate Investor by Gary Keller The E-Myth : Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber Tweetable Topics “You can never learn enough about this [industry].” (Tweet This!) “Just take action, just go for it…but make sure it was a risk worth taking.” (Tweet This!) “There’s not going to be a single path for someone to take.” (Tweet This!) Connect with Matt Matt’s Website Connect with Romeo Romeo’s Website Romeo’s BiggerPockets Profile Connect with KC KC’s Website KC’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Looking to be inspired? Today on The BiggerPockets Podcast we sit down and chat with Engelo Rumora, a real estate investor with a fascinating story that involved dropping out of high school, playing professional soccer, and building up a massive real estate investment business across two continents! Don’t miss this incredible interview where we cover numerous topics ranging from getting started, flipping houses, networking with potential lenders, finding (and working with) mentors, running a growing business at a young age, and a lot more! In This Show We Cover: How Engelo got his start in Real Estate Investment The challenges of jumping in without formal education Valuable tips on effective networking The varied & diverse deals Engelo has made in his career so far Why he decided to move from Australia to the US Details on his first deal (and why he almost got killed because of it!) The 3 essential traits every investment partner should have How to avoid shady operators Tips on how to find the most promising properties How Engelo and his team finance their deals The keys to managing a business from a young age What he’s learned about building a brand and marketing a business Engelo’s vision for the future of his company And so much more! Books Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki Think and Grow Rich by Napoleon Hill How to Win Friends & Influence People by Dale Carnegie Tweetable Topics “Formal education will you earn you a living, while personal development will give you a lifestyle.” (Tweet This!) “Many people are school smart, but life-dumb.” (Tweet This!) “No matter how many times you get hit, you just got to pick yourself up and keep going.” (Tweet This!) “Passion definitely inspires passion.” (Tweet This!) Connect with Engelo Engelo’s Personal Website Engelo’s Company Website Engelo’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we’re thrilled to chat with New Jersey real estate investors Matt and Liz Faircloth on The BiggerPockets Podcast, covering everything from the challenges of working with a spouse to purchasing a 10,000 square foot office space! Matt and Liz have been hooked on real estate since buying their first single family home in 2002. After years of self education, their fair share of learning pains and a healthy dose of hard work, the couple now owns over 100 units and has accomplished around 15 fix and flips. Employing a team of 11, their mission statement is to “revitalize Urban America” and to “transform lives through real estate.” Pick up some great tips on building an empire from the bottom up, choosing the best kinds of financing and earning that all-important track record of success. It’s all here, so don’t miss out! In This Show We Cover: How Liz and Matt got their start in real estate as an engaged couple The pros and cons of working with your spouse How to successfully get organized The importance of making a business plan from the get-go The ins and outs of bookkeeping in a home business (program recommendations included!) What you stand to gain from a tax deferred exchange The thrills — and challenges — of buying a 10,000 sq. ft. office space The all-important skill of flexibility (or “learning to pivot“) How to gain wealth through commercial real estate The intricacies of private equity, private lending, forming LLCs & LLPs (and more!) Proof that you CAN see 20-40% returns with no money down How to add value to a real estate investment team without putting money up The definitive guide to finding great employees for your business Why modular homes may be your safest bet The worst rehabbing nightmare ever (involving lawsuits, water damage — and a total lack of foundation) And so much more! Books Mentioned in the Show The Lean Startup by Eric Reis Rich Dad’s Cashflow Quadrant by Robert Kiyosaki Real Estate Riches: How to Become Rich Using Your Banker’s Money by Dolf de Roos The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth by T. Harv Eker Tweetable Topics “So if the game plan goes wrong, have a B, have a C, have a D.” (Tweet This!) “Do things that you’re good at and that you enjoy…bringing your real passions to a task is key.” (Tweet This!) “Single family home, multi family home — whatever your plan is, get really good at it.” (Tweet This!) Connect with Matt & Liz Matt & Liz’ Company Website Matt’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Failure is no stranger in the real estate industry which is why we are excited to bring Nathan Brooks to The BiggerPockets Podcast today, an investor who knows firsthand that real estate can be tough! Nathan is an investor (both flips and rentals) from Kansas who went through a very difficult period during the real estate crash, losing all his properties and filing bankruptcy due to a shady partner and jumping in too quickly. Nathan has since emerged as a much stronger real estate investor and carries an incredible story with numerous lessons to share. Get ready to learn how failure can transform your life! In This Show We Cover: How Nathan found his first business partner at lunch Why Nathan bought two houses as a newbie – and lived to regret it How to find partners through BiggerPockets The opposite of paralysis by analysis How Nathan ended up filing bankruptcy  Nathan’s current (more conservative) investing strategy Dealing with tenants in a $20k property How to make a unit stand out among the competition Dealing with “Cat Ladies” and “Hoarder Houses“ How Nathan finds deals Finding mentors and lenders on Craigslist? How to find a real estate-minded attorney  And so much more! Books Mentioned in the Show The Millionaire Real Estate Investor by Gary Keller The Unofficial Guide to Real Estate Investing by Spencer Strauss and Martin Stone The Four Hour Workweek by Timothy Ferriss Unlimited Power : The New Science Of Personal Achievement by Anthony Robbins Tweetable Topics Don’t go into business with someone you don’t know. It’s just stupid. (Tweet This!) The lessons I’ve learned have made me a better investor today. (Tweet This!) There’s a deal for everyone, but this deal might not be for you. (Tweet This!) The job of a Real Estate Investor is to solve problems. (Tweet This!) Know the answers before asking the questions. (Tweet This!) Connect with Nathan Nathan’s BiggerPockets Profile Nathan’s Company Website Nathan’s BiggerPockets Blog Posts Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we sit down with Cory Binsfield, a multifamily rental property investor who comes from Duluth, MN. If you ever feel like you don’t have enough time to invest in real estate, wait until you hear Cory’s story. He currently owns and manages 97 units himself while still working a full time job. Today he teaches us how he does it and also touches on a variety of topics related to getting started, house hacking, investing in a college town, and being a master of creative finance. This show is packed full of valuable tips so make sure to grab a pen and paper for notes, and let’s get to it! In This Show We Cover… Starting out with an investment that makes your wife cry How to use a VA Loan CreativeFinance vs. Conventional Finance The ins and outs of investing in a college town The SWAT team that descended on Cory’s property Mistakes, mistakes and more mistakes! Why partnering may NOT be a good option after all How to personally manage over 97 units while working a full time job How to build a solid team that can put out the fires while you chill on a beach in Mexico Networking as a “lifestyle” Owning a frat house What to look for when buying a multifamily  Why real estate is better than other retirement options The most helpful technological aid in Cory’s business And a whole lot more! Links from the Show: Why I’m Not a Flipper-Don’t Kill the Goose! by Cory Binsfield How to “Hack” Your Housing and Get Paid to Live for Free by Brandon Turner The BiggerPockets Tour Books Mentioned in the Show: The Millionaire Real Estate Investor by Gary Keller The Shareholder Letters by Warren Buffett Tweetable Topics: “Networking is a lifestyle.” (Tweet This!) “There’s not a single path to success in real estate.” (Tweet This!) “You don’t want a “good” life, you want a “great” life.” (Tweet This!) Connect with Cory: Cory’s BiggerPocket Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we chat with Mike McKinzie, a full time real estate investor from Garden Grove, CA. Mike is an investor and former property manager who has personally dealt with over 5,000 real estate transactions, but focuses most of his attention today on using property management to invest both locally and out of state. This show explores a variety of topics related to buy and hold real estate investing and offers a significant amount of actionable information on how to set up property management, covering everything from what questions to ask, what should be expected, and a whole lot more! In This Show We Cover… Growing up in a real estate family Hybrid real estate investing The key is to success in rental properties   Getting your real estate license as an investor How to prepare yourself for future-changing markets If you’re going to invest based on appreciation, THIS is how you do it!  The importance of updating trusts… How property managers can turn into lead sources How do you vet property managers? What does a property manager do? Managing your own portfolio How neighbors will help you keep an eye on your property How to deal with HOA’s the right way! The importance of due diligence  The difference between housing classes Dealing with marijuana And a whole lot more! Links from the Show: The Ultimate Guide to Growing Your Business with BiggerPockets Keyword Alerts by Brandon Turner The BiggerPockets Keyword Alert System Books Mentioned in the Show: The Richest Man in Babylon by George S. Clason Think and Grow Rich by Napoleon Hill The Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets.com Tweetable Topics: “You are the boss of your property manager…fire them if need be!” (Tweet This!) “Make friends with the neighbors of your property, and you’ll always have eyes on your property…” (Tweet This!) Connect with Mike: Mike’s BiggerPocket Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we sit with Chad Carson, a full time real estate investor from Clemson, South Carolina. Chad brings expertise in a TON of areas including everything from fix-and-flips to creative finance, property management to buy-and-hold. This show explores how to use real estate as a means to design the lifestyle you really want. There are a ton of tips and tricks in this one, so dive in! In This Show We Cover… How to get started straight out of college The benefit of having a few key buyers vs. a buyers list The key is sincerity, hunger and enthusiasm   Getting your real estate license as an investor How to prepare yourself for future-changing markets The key to networking with financial partners Direct mail tips and strategies Lifestyle design through real estate The importance of the “why” behind your business 50/50 partnerships Property managing your own portfolio Creative finance strategies Self-Directed IRA’s Using court records to look up potential tenants An awesome example of an elevator pitch The importance of protecting your lenders And a whole lot more! Links Mentioned in The Show: The BiggerPockets Member Blogs See who is looking at YOUR profile BiggerPockets Pro Memberships  Tenant Screening: The Ultimate Guide Books Mentioned in the Show: Building Wealth One House at a Time: Making it Big on Little Deals , by John Schaub The Warren Buffet Way, by Robert G. Hagstrom The 7 Habits of Highly Effective People, by Stephen R. Covey Tweetable Topics: “Sometimes growing big brings a price you might not need to pay for the lifestyle you want…” (Tweet This!) “The minute you break people’s trust is the moment you lose everything!” (Tweet This!) Connect with Chad’s: Chad’s BiggerPocket Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we are excited to sit down with Marcia Maynard, a hands-on landlord who hails from Vancouver, Washington. Marcia got her start in real estate by marrying into “the family business” that already had an existing portfolio, but continued on the tradition to help fund her own future retirement. On today’s show, she goes into detail on how you can invest part-time for retirement while making a HUGE impact on the community in the process! This show covers the importance of integrity in a landlord’s life and is filled with actionable tips for dealing with tenants in an ethical – yet profitable – way. This is a great show, let’s get into it! In This Show We Cover… How to invest with family The importance of setting up your business structure and what happens when you don’t! Insurance – Do you need an umbrella policy? The awesome path of buying rental properties slowly Personal Finance 101 How to love your job and invest in real estate on the side The benefits of a mission statement The importance of coaching your tenants to have more integrity How to handle conflicts with tenants An awesome alternative to evictions!  The importance of a calling up prior landlords Red flags of bad tenants, Actionable items for vetting tenants over the phone Using court records to look up potential tenants And a whole lot more! Links Mentioned in The Show: The NYC Real Estate Investor Meetup with Brandon BiggerPockets Keyword Alerts Marcia’s exact Tenant Screening Interview questions A Slow, Boring, Incredibly Awesome Strategy for Building Wealth Through Passive Real Estate Investing by Brandon Turner Padmapper.com Books Mentioned in the Show: Landlording by Leigh Robinson Your Best Year Yet by Jinny S. Ditzler Tweetable Topics: “Start with a dream, make goals, take action, then reflect and improve…” (Tweet This!) “Landlording is like a game of chess.” (Tweet This!) Connect with Marcia’s: Marcia’s BiggerPocket Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we are excited to sit down with David Krulac, a real estate renaissance man who has experience in nearly every aspect of the industry, being involved in over 800 deals in his career. In today’s show we cover everything from prospecting tenants, how to buy at auctions, sub-dividing land, tax deeds and much, much more! In This Show We Cover… Purchasing houses from auctions How David’s first deal lead to him living rent and mortgage free for 6 months  The importance of working with Credit Unions Dealing with probates  Month-to-month leases vs annual leases 1031 Exchanges The ins and outs of subdividing land Tax deeds vs. tax liens The importance of an epic business card How to go from o to 800 deals An example of a super risky deal! What to watch out for when you go to buy at auctions What to look for in a potential tenant And a TON more! Links Mentioned in the Show: The BiggerPockets Fileplace The BiggerPockets Rewind Books Mentioned in the Show: How to Turn $1,000 into a 5 Million by William Nickerson Landlording  by Leigh Robinson Buy and Hold by David Schumacher Millionaire Next Door by Thomas J. Stanley How I Started with Nothing and Made 12 Million in Real Estate Part-Time by David Krulac Connect with David: David’s BiggerPocket Profile David’s Website: CentralPennLots.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we are excited to welcome back Michael Quarles to the show. Several weeks ago we talked with Michael about his story and spent most of the show discussing the topic of negotiation, never getting to one of the most important topics we wanted to discuss with Michael: marketing. Specifically, Michael is a wealth of knowledge on all things involving direct mail, so today we’re going to tap into that knowledge. Today, Michael is going to teach you everything you need to know to get started in successful direct mail marketing and attract leads that no one else can get. We cover everything from market research to creating a call-capture system and everything in between. This show will go down in the history of BiggerPockets as one of the most actionable shows to date! In This Show, We Cover: The ins and outs of whole-tailing Everything you ever wanted to know about direct mail The beauty of controlling who calls you through direct mail How to start marketing even if you only have $500 What to do in the face of rejection How much does a starter marketing budget cost? How BiggerPockets is like a beautiful woman How to do your market research  Softwares that tell you what houses in your market have equity What filters to set in terms of lead generation Probate vs. absentee owners How to generate leads from bandit signs without EVER using them The 5 different types of direct mail The importance of using multiple types of mail Hand-written font vs. actual writing  The biggest mistake people make in direct mail How many times should you repeat a mail sequence? The importance of setting up your call capture system How to memorize scripts and much, much more! Links Mentioned BP Podcast 077: Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael Quarles How to Write the Perfect Elevator Pitch in Under 10 Minutes! Tweetable Topics “I’m not a passive income earner, I’m a massive income earner.” (Tweet This!) “People don’t buy what you sell, they buy who you are.” (Tweet This!) Connect with Michael Michael’s BiggerPockets Profile Michael’s Website: http://www.yellowletters.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we are excited to sit down with a Jonna Weber, a buy-and-hold investor and real estate agent out of the Boise, ID area. Jonna is a great example of how anybody can and should invest in real estate! In our conversation, we cover a lot of ground on how to use real estate for retirement and why real estate is a better avenue than the stock market. We also cover why an investor might want to become a real estate agent, how to find investor-friendly agents, what to look for when purchasing an investment property and much much more! In This Show We Cover… How anyone can invest in real estate Why would an investor become an agent in the first place? The importance of running the numbers with someone else Why investors are the best clients for an agent to have The hardest part of being a landlord How to get longer leases out of your tenants How to use BiggerPockets as a resource to manage your own properties Creating an “in-house” property management company for only your own properties Financing how-to’s Using cash flow to build cash reserves Real estate vs. the stock market Investing in real estate for retirement How to be safe as an investor and agent What to check for during your due diligence process On market deals vs. off market deals How to find an investor-friendly agent And a TON more! Links Mentioned in the Show: BP Podcast 006: Investing While Holding a Full Time Job with Arthur Garcia Landlord on Autopilot by Mike Butler The Real Estate Agent’s Ultimate Guide to Working with Investors  BiggerPockets’ Keyword Alerts The BiggerPockets Ultimate Beginner’s Guide to Real Estate Investing The BiggerPocket’s Weekly Webinar Books Mentioned in the Show: Art of Non-Conformity by Chris Guillebeau  Buy and Hold Forever by David Schumacher Tweetable Topics: “Managing your own properties is short term pain for a long term goal.” (Tweet This!) “It’s not an emergency unless it’s ACTUALLY an emergency.” (Tweet This!) “If you can run your numbers with someone else, it will help you avoid the shinny object syndrome.” (Tweet This!) Connect with Jonna: Jonna’s BiggerPocket Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we are excited to sit down with a couple who together, intentionally invest where most landlords fear to tread . . . low income housing. Michele and Bruce Fischer who hail from Longview, Washington, decided to make a difference by landlording in areas that are so low-income, that even Section-8 doesn’t work in their neighborhood. In our conversation we dive into some really important topics regarding how to screen low-income tenants, how to handle (pets like pitt-bulls), what to do when your tenant is late on the rent, working with your spouse, what to do when the reality is your tenant will become homeless if you evict them, how to “tenant-proof” in low-income areas and a lot more! You don’t want to miss this one! In This Show We Cover… Why would you invest in low-income areas in the first place? What to look for when purchasing a low-income property How playing “Monopoly” with no money makes you a better real estate investor Handling late payments The “prostitute tenant” story (Yes, really…) How to practically invest with your spouse Renting to low income tenants with low income pets (including those with dangerous animals.) Michele and Bruce’s #1 source of leads How to “tenant-proof” low-income rentals How to utilize a line of credit for investing in real estate Cash flow vs. appreciation Using Facebook to vet potential tenants And a TON more! Books Mentioned in the Show: See Poverty, be the Difference by Donna M. Beegle Money or Your Life by Vicki Robin and Joe Dominguez Tweetable Topics: “Prostitution does pay the rent well!” (Tweet This!) “Arguing with your spouse is part of the #landlording process!” (Tweet This!) “We invest in real estate in order to make a difference.” (Tweet This!) Connect with Michele and Bruce: Michele’s BiggerPocket Profile Michele’s BiggerPockets Member Blog Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we are excited to sit down with a real estate investor who just said “you’re fired!” to her day job and became a full-time real estate investor! We are talking with Brie Schmidt, who invests in a wide range of rental properties in the Midwest and shares some incredible insight into how she finds them, finances them, and manages them. In our conversation we dive into some really important topics regarding personal finances, getting your first deal, working with your spouse, tenant-friendly laws, when to quit your job, and a lot more! You are going to LOVE this episode! In This Show We Cover… Why Brie chose a triplex for her first primary residence Choosing appreciation vs. cash flow in a buy and hold investment Why Brie decided to diversify her investments into long-distance investing. What makes an area “landlord–friendly” vs. “tenant friendly“ Dealing with maintenance request issues.. even while on vacation. Why Brie calls herself a “YouTube Landlord“ Real Estate as a hobby vs. a business Why Brie encourages Pets.. even a 120lb dog! When should you quit your job? Investing with your spouse: how to make it work House Hacking and using your personal finances to fund your investments Using online software to help you control your spending and invest in real estate The one question that Brie asked that led to a ton of deals, financing, and partnerships. Should you allow smokers in your rental unit? And a TON more! Links from the Show BiggerPockets Webinars PayNearMe.com/biggerpockets Handyman Matters Income Property TV Show How to Hack Your Housing and Get Paid to Live For Free Blog Post by Brandon Turner Mint.com The Book on Estimating Rehab Costs book by J Scott, Published by BiggerPockets Publishing. Tenant Screening: The Ultimate Guide Postlets.com IfThisThenThat: IfTTT.com Books Mentioned in the Show: The Millionaire Real Estate Investor by Gary Keller The One Thing by Gary Keller Tweetable Topics: “They should force lawmakers to own rental properties before writing the laws.” (Tweet This!) “BiggerPockets: Pissing Off Employers Since 2004” (Tweet This!) “What’s more important? Getting rich or staying married?” (Tweet This!) “The beginning of budgeting is understanding where you are.” (Tweet This!) “I’ve learned more on the BiggerPockets forums than any book I’ve ever read.” (Tweet This!) Connect with Brie: Brie’s BiggerPocket Profile Brie’s Twitter: @ChicagoBrie Brie’s Website: ChicagoBrie.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we are excited to welcome Michael Quarles to the show. Michael is an active investor coming out of California’s Central Valley who has done so many deals that he has lost count! His experience is diverse and includes developing, flipping and more, but today his primary strategy is what is known as “wholetailing” and today’s show covers this strategy in detail! Also, as a master negotiator, Michael breaks down the science of haggling a deal that both honors the seller and benefits the investor. This episode is so jammed-packed that you’ll finish feeling like you just graduated with a degree in negotiation! You even get to walk away word-for-word scripts! You really don’t want to miss this one! In This Show, We Cover: How Michael convinced a stranger to give him $200,000 in order to invest in real estate. The complete breakdown of what wholetailing is and how to do it… The 5 important question you HAVE to ask leads over the phone Practical lesson in Neuro Linguistics – Complete with role playing! The importance of  being ethical and taking care of people  The peanut butter story… The proper mindset behind negotiating Getting over fear in order to take action and much, much more! Links Mentioned BiggerPockets Ultimate Beginner’s Guide to Real Estate Investing Books Mentioned in the Show Pitch Anything by Oren Klaff E-Myth by Michael E. Gerber Connect with Michael Michael’s BiggerPockets Profile Michael’s Website: http://www.yellowletters.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we are excited to welcome back Brian Burke, who we last talked to back in episode number 3. Brian is the owner of a large, successful real estate company headquartered in Santa Rosa, CA. Last time we sat down with Brian, he showed us how he got started investing in real estate, walking us through his first steps. On today’s show Brian goes deeper, sharing the details of how he scaled his real estate business from a one-man operation to fully staffed multi-million dollar company! This show goes into incredible detail (and offering highly actionable steps) on how to bootstrap your business, how to vet employees, how to gauge your market and much much more! If you are looking to turn your investing company into more than just a hobby… this show is for you! In This Show, We Cover: How to grow your business from a 1-man business to a full scale operation How to prepare for legal issues as an investor When is the right time to grow your team? How do you find good players for your team? When is it time to use property management? The importance of growing organically… and we’re not talking about vegetables! How to track your deal history in order to raise money What bootstrapping your real estate business really looks like How to find a mentor What BiggerPockets has to offer experienced real estate investors (Brian made over $400K netfrom using BP!) and much, much more! Links Mentioned BiggerPockets Podcast 003: Getting Started in Real Estate and Raising Money with Brian Burke How to Build a Shed in 7 Simple Steps (Yes, That’s Me – On the Roof!) Investment Calculators Books Mentioned in the Show One Minute Manager by Kenneth H. Blanchard The Art of the Deal by Donald Trump BiggerPockets Forums Tweetable Topics “If you haven’t been sued, you haven’t been in business long enough.” (Tweet This!) “You say the early bird get’s the worm, I say the 2nd mouse get’s the cheese… ” (Tweet This!) “You can never cross the ocean unless you have the courage to lose sight of the shore.” (Tweet This!) Connect with Brian Brian’s BiggerPockets Profile Brian’s Website: http://www.praxcap.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we are excited to welcome a guest who specializes in an aspect of real estate that no other guest has covered before! John Fedro is a mobile homes investor out of the Austin Texas area who introduces us to all the incredible opportunities that one can experience in the mobile home arena. If you’re someone asking yourself, “What type of real estate investing should I do?” Than this show is for you! Throughout the show John gives incredible advice and insight that can be applied to any aspect of real estate. This is a perfect show for people looking to get started, regardless if you like mobile homes or not! This is one of the most actionable shows we’ve had so without further adieu, let’s jump into it! In This Show, We Cover: How to find deals no one else is looking for The in’s and out’s of mobile home investing What do you do when you look 15 yrs old and want to invest in real estate? Why mistakes are ESSENTIAL to your success in real estate John’s Creative finance on steroids! The importance of adding value and caring about motivated sellers Using Leverage to crush it when getting started How to Forget what people say and take action! How to screen incoming lead-calls  and much, much more! Links Mentioned 1 Trick for Being a LOUD and Proud Real Estate Investor One Small Simple Step To Growing Your Network and Increasing Your Influence The Top 100 Ways To Make Money In Real Estate Books Mentioned in the Show How to Win Friends and Influence People by Dale Carnegie Tweetable Topics “We can’t tell where lighting is going to strike but we can have several lighting rods in different locations.” (Tweet This!) “When starting out in real estate investing aim for the path of least resistance. ” (Tweet This!) Connect with John John’s BiggerPockets Profile John’s  Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets Podcast – we’re going to change things up- again! This is our official 2nd newbie podcast and it’s probably our most fun show yet. Just like the last newbie podcast back on episode 25, all of our guest today are investors who are just starting out and who have recently finished their first deal. These stories are not only helpful for new investors, but even the pros can learn valuable lessons from their experiences! Each of these investors also are working full time jobs, which is something a lot of our listener’s struggle with. Additionally, we cover everything from investing when you live in an expensive city to the importance of confidence when everyone thinks your crazy and we even get to talk to a real-life rocket scientist who’s smart enough to hack his mortgage!  You really don’t want to miss this one! Links from the Show: The New Dumb and Dumber Trailer Nextdoor.com Asana.com How to “Hack” Your Housing and Get Paid to Live for Free Books Mentioned in the Show HOLD: How to Find, Buy, and Rent Houses for Wealth by Steve Chader Fooled By Randomness by Nassim Nicholas Taleb Rich Dad Poor Dad by Robert T. Kiyosaki Drive by Daniel H. Pink Learn more about your ad choices. Visit megaphone.fm/adchoices