On today’s episode of the BiggerPockets Podcast, we have Phillip Vincent, an acquisition specialist who hails from the St. Louis, Missouri area. Phillip is part of a large real estate investment firm, handling all the ins and outs of getting properties under contract. This week’s podcast goes into great detail on how to interact with distressed homeowners, how to generate leads from the high-end price points  and walks you through the best way to handle Probate leads. Additionally, Phillip is particularly knowledgeable in wholesaling and shares excellent insight on exactly what you need to do to get started in real estate, ethically. This is an action-packed show, so let’s get into it! In This Show, We Cover: Powerful and unique lead generation The benefits of having a real estate team How to flip a $1,000 house How to actually purchase in high-end markets How Phillip lost $200,000 on a spec build Time Capsule Homes and why they make great investments Using SEO and PPC to get deals A snapshot of the life of an Acquisition Specialist Why marketing doesn’t really cost you any money… How to leverage wholesalers and newbies for lead generation The importance of being ethical when wholesaling How to network effectively And a whole lot more! Links Mentioned The BiggerPockets Marketplace How NOT to Flip a House: An Embarrassing Story of Wasted Time, Money, and Opportunity Automatic.com Books Mentioned in the Show Rick Dad Poor Dad by Robert T. Kiyosaki The Big Rich: The Rise and Fall of the Greatest Texas Oil Fortunes by Bryan Burrough Tweetable Topics “In real estate, don’t buy weird.” (Tweet This!) “Find people in your market that have too many leads and simply go help them with those leads.” (Tweet This!) Connect with Phillip Phillip’s BiggerPockets Profile FasterHouse Website: http://www.FasterHouse.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets Podcast, we sit down and chat with a real estate investor who is absolutely CRUSHING IT in a very unique niche. Grant Kemp, from the Dallas Area, got his start in real estate only 2 years ago and already has hundreds of transactions under his belt, and regularly purchases 6-15 properties a month! On the show today, Grant shares with us the dirty details on his business and shows how YOU can start capitalizing on more leads, make more income, and spend less (or even none) of your own money to make it all happen! The best part is: Grant’s strategy relies on generating profits from leads that most real estate investors simply throw away by utilizing subject-to purchases and mortgage wraps! Don’t miss a second of this incredible interview and prepare to have your mind blown! In This Show, We Cover: What “Subject To” investing is, and how you can use it to acquire properties for little to nothing down. What a wrap-around mortgage is How to protect yourself from the ‘due-on-sale’ clause How to use sell to the owner-finance market How Grant uses other wholesalers to grow his network Where to find leads for subject-to deals Clarity on the Dodd Frank from someone who actually read it in it’s entirety The importance of full-disclosure when doing subject to Selling via seller financing to get incredible returns And a lot more! Links Mentioned How to “Hack” Your Housing and Get Paid to Live for Free BP Radio Podcast 002: Starting Out with Karen Rittenhouse – Subject To, Direct Mail, and Investing from a Woman’s Perspective Podio Books Mentioned in the Show Rick Dad Poor Dad by Robert T. Kiyosaki The Richest Man in Babylon by George S. Clason The Bible BiggerPockets Forums Tweetable Topics “I asked myself, “How do I get into real estate with no money? The answer was subject-to.” (Tweet This!) “In real estate you just got to do it… it’s the Nike way.” (Tweet This!) Connect with Grant Grant’s BiggerPockets Profile Grant’s Website: www.texaspridelending.com Grant’s LinkedIn Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets Podcast, we sit down and chat with a real estate investor who is a successful wholesaler and rehabber out of the Grand Rapids, Michigan area.  Brandon Krieg shares his insights on how he transitioned out of a full-time job to become a full time real estate investor and shares some incredible insight for others who are thinking about making the leap themselves. During the show, Brandon speaks on the importance of integrity in business and the priority of taking care of family and then continues on to shed light on his innovative marketing tactics, that has him averaging a 15-25% response rate with direct mail! Whether you are a new investor struggling to figure out how to generate deal flow or struggling with making the transition from part-time real estate to full-time or you’ve been investing for years and need some marketing tips to take you to the next level, this is the show for you. In This Show, We Cover: How to transition from a full time job you hate to full time real estate How to find good wholesalers The keys you need to succeed at wholesaling How Brandon uses direct mail with an  15-25% response rate How to ethically use bandit signs How Brandon used BiggerPockets to grow his network Who Brandon uses for his direct mail success How many deals should you do before jumping into real estate full time? How to handle leads outside your comfort zone How important are business systems? And a lot more! Books Mentioned in the Show Game of Thrones by George R.R. Martin E-Myth by Michael E. Gerber Lord of the Rings by J.R.R. Tolkien The Book on Flipping Houses by J Scott The Book on Estimating Rehab Costs by J Scott FLIP, by Rick Villani and Clay Davis Tweetable Topics “If I quit real estate when it gets tough, I lose my chance of gaining success from it.” (Tweet This!) “Ask yourself, “If this client was my sister, my cousin or my uncle, how would I help them?” (Tweet This!) “The greatest moments of growth in my life have always been sparked by great books.” (Tweet This!) Connect with Brandon Brandon’s BiggerPockets Profile Brandon’s Website: TheHoneyBeeHomes.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we sit down with real estate investor Mark Ferguson to talk about his adventures in flipping and renting single family homes in the Colorado market. Mark is truly a real estate superhero: managing a real estate sales team, flipping houses, making offers, being a landlord, and writing about real estate all while working less hours than the normal employee (all while also having twin toddlers at home!) Mark has truly mastered the art of delegation, team building, and using systems to stay on track and find success in his business – and he shares all his secrets with us today, so don’t miss a second of this incredible show! In This Show, We Cover: Should you get your real estate license? Tips for buying properties on the MLS Using electronic signatures to get more deals Why Mark doesn’t buy multifamily properties How to find a niche and strategy for your investment business Finding the “sweet spots” in your market Working with Portfolio loans When should you hire an employee to manage your rentals? Why Mark chooses to pay off his loans Finding and managing contractors How Mark decides if he’ll flip or rent a house Finding time to fit in all the busy parts of life The team members who help Mark work less than 40 hours per week Why Mark wants to buy 100 houses How to invest when the bank says “no.” And lots more! Links from the Show BiggerPockets Success Stories Forum Five Tips to Get Great Deals On the MLS (Including Buying Houses on Friday…?) by Mark Ferguson The Real Estate Agent’s Ultimate Guide to Working with Investors BiggerPockets.com/meet How Life Coaching has Helped Improve My Business and Life by Mark Ferguson Books Mentioned in the Show The Millionaire Real Estate Investor by Gary Keller The Millionaire Real Estate Agent by Gary Keller Think and Grow Rich by Napoleon Hill Tweetable Topics Take care of your real estate agent and they’ll take care of you. (Tweet This!) When looking for good real estate deals, speed is the name of the game. (Tweet This!) When investing in real estate – no one is going to do your job for you. (Tweet This!) Make goals – and then break them down into actionable steps to accomplish them. (Tweet This!) Connect with Mark Mark’s BiggerPockets Profile Mark’s Website: www.InvestFourMore.com Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets Podcast, we sit down and chat with a real estate investor who wasn’t seeing a lot of action in his business – until a friend challenged him to take his investing seriously and start treating it like a business. Our guest today, Tim Gordon, accepted the challenge, changed his approach, and his business took off! Several short years later, Tim Gordon runs a successful investment business that focuses primarily on finding and wholesaling incredible deals in a competitive market, making tens of thousands of dollars every month in his business while still working a day job. Tim shares with us the lessons he learned to overcome inaction and the steps needed to consistently fill his pipeline with deals worth tens of thousands of dollars. Whether you are a new investor struggling to get your first deal, or you’ve been investing for years and need a motivational kick to take your business to new levels, this is the show for you. In This Show, We Cover: How Tim used BiggerPockets to get started Why it took Tim a full year to get his first deal Should new investors start with wholesaling? The major skill you need to succeed at wholesaling How Tim uses direct mail to find leads Reverse engineering to find success in wholesaling Tips for negotiating with motivated sellers The exact messaging on Tim’s direct mail postcards How Tim finds the “Big Dog“ cash buyers How many cash buyers do you need? The best deal Tim has ever done – $48,000 over a round of beers The catalyst that helped Tim take his business more seriously Working with assistants and others in your wholesaling business Why Tim makes $60 every time someone calls him And a lot more! Links from the Show: Zoho CRM Act CRM Salesforce CRM BiggerPockets Pro Memberships Books Mentioned in the Show Good to Great by Jim Collins Think and Grow Rich by Napoleon Hill Rich Dad Poor Dad by Robert Kiyosaki Lifeonaire by Steve Cook and Shaun McCloskey Tweetable Topics “The idea of running a business through an excel sheet – if there is a Hell, that’s it.” (Tweet This!) “Until I can go away for 2 weeks, and have the business still making money, it’s still a job.” (Tweet This!) “Wholesalers are not your competitors, they are your allies.” (Tweet This!) “My favorite word in all of real estate is ‘vacant.'” (Tweet This!) Connect with Tim Tim’s BiggerPockets Profile Tim’s Website: GordonBuysHomes.com Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s show, we sit down with real estate entrepreneur Michael Blank to talk about his journey from a successful house flipping business and his entrance into apartment buildings… and the systems needed to run his investments well. Michael is a business entrepreneur through and through and today we get to talk about everything from getting started, investing with no money, working with (and as) a wholesaler, and even hear the story of the professional tenant that almost destroyed Michael’s investment career! This show is packed with useful, actionable tips, so don’t forget your pen and paper on this one… you are going to need it! In This Show, We Cover: How Michael started his investing journey by flipping dozens of houses per year Why building up a network of wholesalers is important How Michael raised money to fund his flipping The “magic question” to ask when raise private money Michael mistakes and successes when getting started Developing a great real estate team Using virtual assistants in your business Michael’s transition from flipping to apartment complexes Michael’s tricks for finding great commercial real estate deals Michaels take on the topic of rent control Michael’s major mistakes in his REI career… and that one tenant in DC And so much more!  Links from the Show BP Podcast 033: How to Close 27 Deals in Your First Year While Working Full Time with Sam Craven eLance.com Loopnet.com Marcusmillichap.com Cbre.com Tweetable Topics “Cutting corners hurts you and your business at the end of the day.” (Tweet This!) “When you have a good team, firing on all cylinders, you can do amazing things.” (Tweet This!) “You get what you negotiate.” (Tweet This!) “The secret to success is to be intentional.” (Tweet This!) Books Mentioned in the Show Rich Dad, Poor Dad by Robert Kiyosaki Pitch Anything: An Innovative Method for Presenting, Persuading, and Winning the Deal by Oren Klaff The 4-hour Workweek by Timothy Ferriss Connect with Michael! Michael Blank’s BiggerPockets Profile TheMichaelBlank.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Working a full time job while investing in real estate is not always easy – but as our guest today shows us: it’s totally possible. On today’s show we chat with Josh Sterling, a real estate investor who has built up a portfolio of fifty units (complete with rehabs and doing his own management) all while working a full time job. Discover the tricks, tactics, and systems that Josh has used, as well as an inside look at his creative finance methods to acquire these properties. This show is definitely one that people will want to come back to time and time again! In This Show, We Cover: Why doing things “the typical way” may not have been the right path Investing when the bank says “no.” How Josh used credit cards to buy his first few properties Portfolio lenders: the best technique for finding one Using a blanket loan to buy and sell real estate Using the 2% rule to screen for great properties How Josh managed his real estate business while having a full time job How Josh finds deals  Using Homepath Mortgages for 10% down investment loans How Josh found his first apartment complex using Facebook! Dealing with tenants while working a full time job And so much more!  Links from the Show BiggerPockets.com/pro (New Video!) BP Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager BP Podcast 055: The Five Steps Needed to Get Any Lender to Say “Yes” with Jimmy Moncrief The 2% Rule BP Podcast 061: How to Succeed in Multifamily Investing – A Unique Conversation with Josh, Brandon, and Ben HomePath.com BP Podcast 063: Automating Your Investing, Long Distance Rehabs and Spec Building with J Scott Jason Hartman Podcast Buildium Property Management Software Tweetable Topics “If you can stand out, do extra work – you are going to get incredible results.” (Tweet This!) “Buy and Hold real estate is the best way to build wealth.” (Tweet This!) “I’m much more of a ‘ready fire aim’ kind of guy.” (Tweet This!) “Be proactive, not reactive, when looking for contractors.” (Tweet This!) Books Mentioned in the Show Rich Dad, Poor Dad by Robert Kiyosaki The Snowball: Warren Buffett and the Business of Life by Alice Schroeder Connect with Josh! Josh Sterling’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we are thrilled to bring back one of the most popular guests we’ve ever had, J Scott. Last time we dug into the process of house flipping, but today we dig much deeper into the “business” of real estate investing and explore ways to automate your real estate investing business so you can spend less time working and more time doing the things you love. We also learn all about J’s venture into house flipping at a distance as well as his foray into spec building (and the lesson’s he learned… and things you should avoid!) This show is incredibly inspiring and can help any new or seasoned investor improve their game – especially the 5 tips for automating your business, found toward the end of the show! In This Show, We Cover: How J chose his location for long distance flipping The difficulties of rehabbing at a distance Incredible tips for finding great people to work for you Why J’s advice is “don’t trust anyone…” Getting bids on your work the easy way How to make the permit process MUCH faster and easier A step by step financial breakdown of J’s recent spec build The “best answer” Brandon’s heard on the podcast ever… J’s 5 tips for automating your business And so much more!  Links from the Show Real Estate Rewind: The BiggerPockets Community Book!  The Book on Flipping Houses Diary of a New Construction Project PlankIsland.com What Is The Best Interior Paint for Landlords and House Flippers? (Hint… It’s Not What You Think) Tweetable Topics “Nobody cares about your properties or your assets more than you do.” (Tweet This!) “Great people tend to associate with other great people.” (Tweet This!) “By automating things in your business, it frees up time for your family.”  (Tweet This!) “Do the things that are most important, don’t do the things that aren’t important.” (Tweet This!) Books Mentioned in the Show Real Estate Rewind: The BiggerPockets Community Book!  BiggerPockets’ The Book on Flipping Houses by J. Scott BiggerPockets’ The Book on Estimating Rehab Costs by J. Scott Diary of a New Construction Project Ebook by J. Scott The 4-hour Workweek by Timothy Ferriss The E-Myth Revisited by Michael Gerber Connect with J Scott J Scott’s BiggerPockets Profile J Scott’s Website: www.123flip.com  Learn more about your ad choices. Visit megaphone.fm/adchoices

Managing tenants can be a real pain. Trust me. However, on this episode of the BiggerPockets Podcastwe sit down with a full time property manager to talk about the business of managing tenants – and discover ways to make it easier and more profitable for YOU. Today Phil Dwyer from the Las Vegas area shares with us his story of becoming a real estate appraiser and transitioning to a successful property manager. In addition, we also discuss the best strategies for finding and managing the best property managers. If you have any rental properties – or ever plan to – this is a “don’t miss” episode! In This Show, We Cover: Dealing with FHA buyers Where to buy – appreciating areas vs. declining areas Finding a great property manager Why Phil chose Vegas to build his business Getting started by working a job in real estate  The most difficult part of investment property management? How to know if you are getting ripped off from your management company. The #1 best way to know how your tenant will act for you “What Would You Do” questions for Phil Red flags for tenants Dealing with pets in a rental Single family vs. Multifamily Investments What property management software Phil uses And so much more!  Links from the Show BiggerPockets Show 61 on YouTube BP Podcast 007: Making Appraisals Work For You with Ryan Lundquist FHA Home Inspection Checklist Property Manager Interview Checklist Books Mentioned in the Show Landlording on Autopilot by Mike Butler The Snowball: Warren Buffett and the Business of Life by Alice Schroeder Connect with Phillip Phillip’s BiggerPockets Profile Phillip’s Website: VegasDigs.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Change is good, right? We hope so – because in this episode of the BiggerPockets Podcast, we change a lot of things up and invite you to come sit in the BiggerPockets digital coffee shop and listen in on a fascinating discussion! For the first time, we bring back a previous guest on the BiggerPockets Podcast to move beyond “their story” and dig into the dirty details on a very popular and important topic: multifamily rental properties. Today Ben Leybovich, who shared with us his powerful journey almost a year ago on episode 14 of the BiggerPockets Podcast, is going to talk with us about what it takes to succeed as a multifamily investor – looking beyond the numbers and truly investing in the right kind of properties. As I said- this show is a little different. Rather than just an interview, we decided to make this episode more of a “conversation” between Ben, Josh, and myself – discussing (and often loudly debating) everything from “what kind of properties to buy,” “what kind of location someone should buy in,” and a long debate on one of Brandon’s most recent purchase- the ugly purple triplex. Although this is our longest show, at almost two hours in length, I think this is one of the most powerful podcasts we have ever done because it’s totally unfiltered, deep, and raw. Come be a fly on the wall in our “digital coffee shop” and discover everything you ever wanted to know about investing in multifamily rental properties. In This Show, We Cover: Managing single family versus multifamily properties Why cash flow is not enough to base your decisions on Brandon’s “Waldo” property: good, bad, or something else? (Leave your opinion on the debate in the comments below!) The Validity (and Problems with) the “Rental Property Rules“ The 13 Steps to Analyzing a Multifamily Property How valuation differs between single family and multifamily Dealing with studio or one bedroom apartments Why Ben doesn’t like 2 bathrooms in an apartment Ben tells Josh to “shut up“ How to really learn what expenses will be And a lot more!  Links from the Show BP Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager BP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat How I Found, Analyzed, and Bought an Ugly Purple Rental Property (Waldo) by Brandon Turner Should I Buy a Rental Property with Great Cash Flow in a Bad Location? by Brandon Turner How to Buy a Small Multifamily Property by Brandon Turner Bigger Pockets Rental Property Calculator Bigger Pockets Fix and Flip Calculator The 50% Rule: How to Quickly Analyze a Multifamily Investment Property BiggerPockets.com/meet  (Find Local BiggerPockets Members) Books Mentioned in the Show Landlording on Auto-Pilot by Mike Butler 13 Steps to Valuing Your First Multiplex – A Step by Step Guide [Kindle Edition] by Ben Leybovich Tweetable Topics You can put lipstick on a pig all day long – but if you have a pig, you still have a pig. (Tweet This!) We don’t put money into property- we put money into location. (Tweet This!) If you wanna fly – you need to hang with people who fly. (Tweet This!) Stumbling blocks and stepping stones look very much alike. (Tweet This!) Our job as an entrepreneur is to produce cash flow out of thin air. (Tweet This!) Connect with Ben Ben’s BiggerPockets Profile Ben’s Website: JustAskBenWhy.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we are pumped to bring you one of the most exciting conversations yet on the BiggerPockets Podcast when we sit down with Serge Shukhat, a real estate investor from the Arizona area who is absolutely crushing it in real estate. Serge started with no rental properties just four years ago but has quickly built up a sizable portfolio with a mix of both single family and multifamily properties using creative finance methods and using the cash flow to quit his job. On this show we cover everything from getting started, choosing single family versus multifamily, tricks for dealing with tenants, increasing the value of your properties, and a ton more. This is definitely a show you’ll want to take some notes, so get ready to have your mind blown! In This Show, We Cover: How Serge got started while working full time How an Umbrella Policy can reduce your risk Landlord responsibilities vs. tenant responsibilities What kind of legal entity Serge uses Overcoming bad deals by “Doubling Down” How a competitive advantage can transform your business Working with real estate agents vs. getting your license Serge’s unique apartment that he’s bought and sold 4 times Hiring a resident manager to help reduce the load How to increase the value of your property by hundreds of thousands of dollars (OMG) And a lot more!  Links from the Show BP Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager Newbies Take Note: Why You Shouldn’t Buy Houses for $30,000 by Ben Leybovich HomePath.com/ Buildium.com Books Mentioned in the Show Landlording on Auto-Pilot by Mike Butler The Real Book of Real Estate by Robert T. Kiyosaki Good to Great by Jim Collins The 7 Habits of Highly Effective People by Stephen Covey Tweetable Topics “Real estate never works out how you thought it would when you bought it in paper.” (Tweet This!) “I don’t want to work till I’m 65, sick, or corporate downsized.” (Tweet This!) “My biggest risk was not losing my job- it was not buying enough real estate.” (Tweet This!) “You can go broke buying good deals.” (Tweet This!) “Population, income, and jobs drive real estate.” (Tweet This!) “It doesn’t matter if the first deal is bad… at least you learned.” (Tweet This!) Take what the market gives you and be quick to pivot. (Tweet This!) Connect with Paul Serge’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Most of the guests we’ve had on the BiggerPockets Podcast have specialized in one niche of real estate. However, not all real estate investors focus on just one field. Today we want to shake things up a bit and introduce you to a relatively new investor who took 10 years to get his first deal… but has been on fire ever since engaging in numerous different real estate niches and crushing it in his business. Paul Tschetter, an investor from Washington State, shares his diversified real estate strategies and explains how we went from nothing to over a dozen deals in the past several years. From manufactured homes to vacation rentals, commercial, and more- there are an unbelievable amount of great actionable tips in today’s show. Definitely don’t miss a second of this motivation and insightful conversation! In This Show, We Cover: Getting started by working a job in real estate  Why Paul started investing with a free manufactured home How much Paul pays for handymen How to get infinite returns with your investments Using Hard Money to invest in real estate Working with partners to invest Attracting private money Working with multiple exit strategies to minimize risk How to invest when you live in a big area Paul’s vacation rental on “Useless Bay” Tips for getting your first deal The worst financial advice Paul has ever heard And a lot more!  Links from the Show How I Found, Analyzed, and Bought an Ugly Purple Rental Property by Brandon Turner Redfin.com VRBO Books Mentioned in the Show The ABCs of Real Estate by Ken McElroy Think and Grow Rich by Napoleon Hill Tweetable Topics “As an investor, you need to be extremely disciplined.” (Tweet This!) “Different locations are good for different investment strategies.” (Tweet This!) “At some point – you have to just pull the trigger and just jump in and do it.” (Tweet This!) Connect with Paul Paul’s BiggerPockets Profile  Paul’s Website http://www.KingdomEG.com Learn more about your ad choices. Visit megaphone.fm/adchoices

For anyone who’s flipped a house before, you understand how much work it can take. However, today’s guest is not only flipping one house – but three all at the same time while still working a full time day job. Today Justin Silverio, an investor out of the Boston Massachusetts area, shares with us a ton of tips about getting started, building systems to manage your business, working with partners, wholesaling, and a whole lot more. In This Show, We Cover: Why it took Justin three attempts to get into real estate How Justin overcame “Analysis Paralysis“ Making less than minimum wage on the first flip The 5 documents you need to get from your contractors How a contractor stole from Justin and his business When it’s okay to make nothing on a flip Building a business plan to help you succeed Direct mail marketing to motivated sellers Partnering with others when flipping houses How Justin can flip three houses, at the same time, while working a full time job Tackling HUGE rehabs as a newbie And LOTS more! Links from the Show I’m a Lumberjack song… How To NOT Make Less Than Minimum Wage on Your House Flips BP Podcast 055: The Five Steps Needed to Get Any Lender to Say “Yes” with Jimmy Moncrief BP Podcast 050: Getting Started and No Money Down House Flipping with Mike Simmons Events and Happenings Forum ListSource.com BP Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy Today’s QuickTip: Diary of a New Construction Project Download “BiggerPockets Presents: Diary of a New Construction Project“ The Book on Flipping Houses The Book on Estimating Rehab Costs  Books Mentioned in the Show The ABCs of Real Estate Investing by Ken McElroy The Four Hour Workweek  by Timothy Ferriss Tweetable Topics “The school of hard knocks sometimes teaches better than a $60,000 bootcamp.” (Tweet This!) “A business plan shows you are serious about your business.” (Tweet This!) “You never know when the next deal is going to happen – so never quit!” (Tweet This!) Connect with Justin Justin’s BiggerPockets Profile Justin’s Blog: TheBostonInvestor.com Justin’s Show: JS2Homes.com Learn more about your ad choices. Visit megaphone.fm/adchoices

The sand between your toes, the soft roar of the waves crashing on the beach, the beautiful people sunbathing on the shore. If this is your vision of a vacation rental… it’s about to change! In today’s episode of the BiggerPockets Podcast, we chat with vacation rental expert Matt Landauabout getting started as a vacation rental investor and building a scalable (and profitable) business around leasing rental properties to nightly guests in great vacation areas. Matt shares a ton of great tips, tricks, and skills to help you learn more about this fascinating – and largely misunderstood – niche of the real estate space. Additionally, Matt shares some really great tips for any landlord to decrease vacancy rates and increase profits in your real estate business, so no matter what kind of investing you currently engage in, this episode is bound to help your business improve! So grab a beach chair, make yourself a piña colada, and  sit back and relax… it’s time to take a vacation! In This Show, We Cover: What is a vacation rental – and why should you consider one? The legalities of vacation rentals Screening for the tenants who won’t destroy your property Marketing for great tenants The first steps in buying a vacation rental property Expenses when dealing with a vacation property Using Adwords to fill vacancies The secret to getting national press for your properties And a lot more! Books Mentioned in the Show The Happiness Hypothesis by Jonathan Haidt Links from the Show BiggerPockets.com/pro BiggerPockets.com/biz – Using BiggerPockets to Grow Your Business VRBO HomeAway FlipKey.com Vacation Rental Automatic Door Lock (via Amazon) Pat Flynn and the “Be Everywhere” Philosophy. Pancho- The Sea Lion Turns THIEF?! Tweetable Topics We’re at the beginning of a very massive trend: vacation rentals. (Tweet This!) Be generous in having faith in people. (Tweet This!) Create a bulletproof reputation of being the industry expert. (Tweet This!) Connect with Matt Matt’s BiggerPockets Blog Posts Matt’s Website: VacationRentalMarketingBlog.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Dealing with tenants can be a pain… which is why on today’s show we’re going to go beyond tenants and look at some “no-tenant” methods of investing in real estate. Specifically, we’re going to talk with real estate investor Ankit Duggal about his journey from real estate agent to syndicator to house flipper to landlord and finally to tax lien investor. Ankit has a great story and offers hundreds of great pieces of advice on this show perfect for both the new investor or someone looking to add some new skills to their investor tool belt! In This Show, We Cover: Getting started at a young age Transitioning from Agent to Investor How Ankit financed his early investments using other people’s money Your three circles of influence for raising money The three team members you need before syndicating Investing with close family members What is a tax lien and how (and why) to buy one. Earning 18% on your money through Tax Liens Why tax liens have almost no risk How to do your due diligence on a tax lien And lots more! Books Mentioned in this Show The Real Estate Game: The Intelligent Guide To Decisionmaking And Investment by William J. Poorvu Built to Sell: Creating a Business That Can Thrive Without You by John Warrillow Links from the Show: Buildium Brandon’s 7 Year Plan BP Podcast 007: Making Appraisals Work For You with Ryan Lundquist Tweetable Topics I’m not “money-driven” – I’m “lifestyle-driven.” (Click to Tweet!) Educated yourself as an investor. That’s the first step in any investment. (Click to Tweet!) I don’t believe in ‘get rich quick.’ You gotta put in the time and effort. (Click to Tweet!) Connect with Ankit Ankit’s BiggerPockets Profile Ankit’s BiggerPockets’ Blog Posts Ankit’s Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Simply put – this podcast could change your financial life. You see, a banker can be your best friend or your worst enemy when trying to invest in real estate, as a great loan can mean the difference between long term success and failure. This is why we are super excited to introduce you to Jimmy Moncrief (your new best friend!) on the BiggerPockets Podcast today. Jimmy is a commercial bank underwriter as well as a real estate investor, so he has a unique insight into the mind of a bank – especially involving real estate investing. . Jimmy is going to share some incredible, actionable tips that any investor can start using today to get your bank to say “Yes” to your next financing request. In addition, Jimmy offers some unique tips for finding great FSBO deals and getting into your first deal. This show contains so many tips and ideas to help you do more deals, get better financing, and change your future – so grab your pen and paper and set aside the next hour for a truly remarkable show. Read the transcript for episode 55 wth Jimmy Moncrief here. In This Show, We Cover: Turning your own home into a rental Buying a cash flow crazy triplex Jimmy’s “lucky” method of finding properties FSBO How real estate investors do everything backwards Jimmy’s awesome “Quick Tip” about interviewing a bank An insider look at the Five “Cs” for getting a loan Why Jimmy hates credit scores How to turn around a loan denial Getting commercial “HUD” loans Tips for refinancing your investment properties Using cross collateralization to secure financing No money down… is it possible? And LOTS more… Books Mentioned in this Show The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime by MJ DeMarco The Four Hour Workweek by Timothy Ferriss 80/20 Sales and Marketing: The Definitive Guide to Working Less and Making More by Perry Marshall Links from the Show:  BP Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy BP Podcast 014 : Cash Flow, Creative Finance, and Life with Ben Leybovich Blackstone B2R Financing Smart Passive Income Podcast with Pat Flynn – Episode 18 with MJ DeMarco Pareto’s Principle- the 80/20 Rule – Wikipedia Post Tweetable Topics HUD loans are like a pregnancy: fun at the beginning, painful at the end! (Click to Tweet!) If you are serious about investing in real estate – you need to know the 5 Cs. (Click to Tweet!) If you take a proactive approach to lending, everything works out better. (Click to Tweet!) If you want to be a serious real estate investor – treat it like a business. (Click to Tweet!) Connect with Jimmy Jimmy’s BiggerPockets Profile Jimmy’s BiggerPockets Blog Posts Jimmy’s Blog: RealEstateFinanceHQ.com Learn more about your ad choices. Visit megaphone.fm/adchoices

How much money does it really take to buy a rental property? $200,000? $100,000? $75,000? On today’s show, we are going to chat with Lisa Phillips, a real estate investor who buys real estate in the under-$30,000 range and achieves some incredible cash flow from her mostly-passive investing. Lisa shares some amazing insights into how she went from a personal foreclosure to owning several rental properties – bypassing the banks and investing creatively. If you are someone who is looking to get started investing with real estate investing without spending hundreds of thousands of dollars – this is the show for you. Read the transcript for episode 54 with Lisa Phillips here. In This Show, We Cover: Investing in real estate while navigating the instability of day jobs How going through a foreclosure changed Lisa’s financial future… for the better Knowing when to call it quits Tips for negotiating with creditors What makes motivated sellers attracted to a certain real estate investor? Tips for defining a good vs bad neighborhood Finding a property manager who exceeds your expectations How much does a good property manager charge? Simple tips for attracting the best tenants to your rental properties The positives and negatives of low-price investing What crimes are acceptable? Links from the Show Tenant Screening: The Ultimate Guide NARPM – National Association of Residential Property Managers CrimeReports.com SpotCrime.com Rentometer.com Books Mentioned in the Show: Rich Dad Poor Dad by Robert Kiyosaki The 4 Hour Workweek by Tim Ferriss Tweetable Topics “Be clear & upfront with what you can do for other people. What’s in it for them?” (Click to Tweet!) “Landlords: never sacrifice your standards just to fill a vacant unit.” (Click to Tweet!) “When looking to invest in real estate, leverage the power of the internet.” (Click to Tweet) Connect with Lisa Lisa’s BiggerPockets Profile Lisa’s BiggerPockets Video Blog Lisa’s website: www.AffordableRealEstateInvestments.com Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets Podcast we have an incredible chat with financial planner, real estate investor, and an all-around great guy – Jason Hull. Jason has a great story of how his early mistakes led to his conservative but effective strategy of building wealth through rental property… all without the use of leverage, loans, or doing any labor. Jason has some terrific insight into the way our human behavior causes us to act and invest, – so don’t miss this entertaining and informative show that will have you looking at your real estate in a whole new light. Read the transcript for episode 53 with Jason Hull here. In This Show, We Cover: Getting over-extended with his first deals and facing the housing collapse The “Oh Crap” backup plan The only two ways to make money in real estate Separating your skills from what the market is doing Getting “lucky” in real estate Getting to “P.I.R.E.” = Passive Income, Retire Early Why Jason doesn’t use leverage (mortgages) How to find an awesome property manager Working with a Financial Planner Stocks vs. Real Estate… Where is the balance? Why you should open a Roth IRA with $100 Links from the Show Jason’s Post – How NOT to Invest in Real Estate… A Case Study BP Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy Facebook Post about “How Would You Spend $100?” The Two Most Painful Words a Landlord May Ever Hear… BP Podcast 050: Getting Started and No Money Down House Flipping with Mike Simmons Books Mentioned in the Show 123 Home Depot Entreleadership by Dave Ramsey The Goal by Eliyahu M. Goldratt The Four Hour Chef by Timothy Ferriss Tweetable Topics Invest for the cash flow. The appreciation is just gravy. (Tweet This!) I want to be lazy when I retire! (Tweet This!) Having money problems with your spouse is a sign of bad communication. (Tweet This!) Connect with Jason Jason’s Website: HullFinancialPlanning.com Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets Podcast, we talk with one of the most influential voices in the real estate investing world today – Ken McElroy. Ken, the author of The ABC’s of Real Estate Investing and several other influential books, shares his story of getting started with nothing and building up a real estate investment company with thousands of units and hundreds of employees. Ken has a lot of great advice and knowledge for people at all stages of their investing careers, and shares it in a fun, entertaining manner. On today’s show we’re going to talk a lot about getting started, raising capital, and investing in large apartment complexes for big wins. Don’t miss a second of this exciting show! Read the transcript for episode 52 with Ken McElroy here. In This Show, We Cover: Getting started with no money – through property management Why should someone invest in multifamily properties? Using other people’s money to invest in real estate Investing at a distance vs. investing locally Determining the best locations and markets to invest in real estate Cash flow vs. appreciation: which is best? Ken’s newest $9 million dollar project  Why Ken loves bad landlords How to find amazing apartment complex deals Raising millions of dollars in 20 minutes How to find a great property manager? Should someone start with Apartment Complex Investing? The worst mistake you can make as a real estate investing Links from the Show What is a Cap Rate? (Capitalization Rate) (article about Cap Rates) BiggerPockets Presents: The 21 Best Real Estate Books Ever Books Mentioned in the Show The Art of the Deal by Donald Trump The Best Real Estate Advice I Ever Received by Donald Trump Turning Pro by Steven Pressfield Tribal Leadership: Leveraging Natural Groups to Build a Thriving Organization by Dave Logan The Crash Course: The Unsustainable Future Of Our Economy, Energy, And Environment by Chris Martenson The ABC’s of Real Estate Investing by Ken McElroy The Advanced Guide to Real Estate Investing by Ken McElroy Tweetable Topics The faster you fail, the smarter you get. (Tweet This!) “You don’t need to be an expert at everything.”(Tweet This!) There’s a lot more money out there than deals. (Tweet This!) The best deals are generated from face to face relationships. (Tweet This!) The entire goal of my company is to replace myself. (Tweet This!) Connect with Ken Ken’s Website: KenMcElroy.com Ken’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets Podcast, we cover a huge range of really important topics with real estate investor Mike Sherwood, including investing while holding a full time job, working with a partner to grow quickly, getting started with a small multifamily property, and a lot more. Mike has invested in the Buffalo, NY for several years now, doing both rentals and is getting into fix and flip, so he has a ton of insight for both those just getting started and for those with a lot of experience already. This show has so much good information and helpful tips for any real estate investor, this is going to be one you’ll want to listen to over and over just to make sure you get all the great nuggets out of it. Read the transcript for episode 51 with Mike Sherwood here. In This Show, We Cover: Buying a small multifamily to live for free The secret to living next door to your tenants Training your tenants When is an emergency an emergency? Managing your own properties vs. hiring a property manager Tips for working a full time job AND investing on the side Finding good deals on the MLS How Michael found a partner to invest with Legally structuring a partnership for real estate Ways to systematize your business The key to finding partners on BiggerPockets Flipping houses while working a full time job Links from the Show Tenants: Customers or Scum? (Training Your Tenants) by Peter Giardini The Real Estate Agent’s Ultimate Guide to Working with Investors Rentecdirect.com Online Property Management Software list from BiggerPockets BiggerPockets Keyword Alert System BiggerPockets.com/meet The BiggerPockets Rental Property Calculator Tenant Screening: The Ultimate Guide Books Mentioned in the Show The eMyth Revisited by Michael Gerber Landlording on AutoPilot by Mike Butler Four Hour Workweek by Timothy Ferriss Start Small, Profit Big in Real Estate: Fixer Jay’s 2-Year Plan for Building Wealth by Jay DeCima Building Wealth One House at a Time by John Schaub Tweetable Topics “Establish guidelines upfront with your tenants to save yourself a lot of trouble.” (Tweet This!) “I wish there were more agents who understood what investors want.” (Tweet This!) “You can make any real estate deal look good with 80% down.” (Tweet This!) “The most important thing in a partnership is being able to constructively handle differences.” (Tweet This!) Connect with Mike Mike’s BiggerPockets Profile Mike’s Website: www.CandMRental.com Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets Podcast, we sit down and talk about the best ways to get started with real estate investing, as well as some killer tips for investing without using your own money. From picking a niche, overcoming analysis paralysis, and a lot more – our guest, Mike Simmons, will share his story of overcoming obstacles and becoming a full time house flipper in the Metro Detroit area. Mike has a great story and an incredible strategy for flipping houses using no money of his own, so whether you are brand new or have been investing for years – you don’t want to miss Mike’s creative advice. Read the transcript for episode 50 with Mike Simmons here. In This Show, We Cover: Overcoming “shiny object syndrome” and “analysis paralysis” Losing $1000 on his first “almost deal.” Finding contractors without losing your hair Dealing with Detroit investing Why Mike had to evict a squatter who broke into his property Finding good deals in any market Using social media to attract private money Using partnerships to get started or to grow How Mike structures partnerships Should you start with wholesaling? And a whole lot more! Links from the Show BP Podcast 012 : Wholesaling and Marketing with Sharon Vornholt BiggerPockets Success Story Forum Tenant Screening: The Ultimate Guide The BiggerPockets Hard Money Lender Directory BP Podcast 047: Apartment Complexes, NNN Leases, and Commercial Real Estate with Joel Owens Books Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki The Art of the Deal by Donald Trump The Millionaire Next Door by Thomas J. Stanley Wealth Attraction for Entrepreneurs by Dan Kennedy Tweetable Topics You can read for days – and never do anything. Get out there and DO something. (Tweet This!) Work with a Realtor who knows you and knows your business. (Tweet This!) 50% of something is better than 100% of nothing. (Tweet This!) Connect with Mike Mike’s BiggerPockets Profile Mike’s Website and Podcast: JustStartRealEstate.com Learn more about your ad choices. Visit megaphone.fm/adchoices

In today’s episode of the BiggerPockets Podcast, we are going to talk about something you may think is a bit boring… taxes.. BUT WAIT! Perseverance  Before you move on to go watch the latest episode of Dancing with the Stars… I promise you this interview isn’t going to bore you to tears, but in-fact could potentially save you thousands of dollars this year alone on your upcoming tax bill. Today, real estate investor and CPA Amanda Han is going to bring a TON of really great tips and advice to help you make sure you are making, and keeping, the most wealth possible. Additionally, this show is one of the most fun interviews we’ve done on the Podcast, so it definitely brings the once-boring topic of tax planning to a whole new entertaining level. No matter what stage of investing you are in – you definitely don’t want to miss this incredible show. Read the transcript for episode 49 with Amanda Han here. In This Show, We Cover: How to find a good syndication deal Important tax changes YOU need to know for 2013 and 2014 The Obamacare Tax – do you need to pay it? The loophole that allows real estate investors to write off “paper losses.” The new laws and tax changes that may limit your mortgage interest deduction When to talk to a tax strategist How to find a great CPA The biggest misconceptions about tax deductions What legal entity should you have? Things YOU need to do before the end of 2013 How to deduct your cat food? Investing with a Self Directed IRA Common tax mistakes that many investors make And much, much more. Books Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki The Four Hour Workweek by Timothy Ferriss Tweetable Topics When looking at syndicated deals, the #1 most important thing to look at is the syndicator, the team behind the deal. (Tweet This!) If you’re educating your accountant, it’s probably time to find a new one. (Tweet This!)  Connect with Amanda Amanda’s BiggerPockets Profile Amanda’s Company Website: KeystoneCPA.com Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets Podcast, we talk with real estate investor Darren Sager about his fascinating business model involving buy and hold real estate, live-in flips, and managing properties with minimal hassle. This show is crammed full of awesome, actionable ideas, tips, and lessons – so don’t miss a second of it! Read the transcript for episode 48 with Darren Sager here. In This Show, We Cover: The college professional who got Darren started When to use the 1% rule How Darren bought his first property for almost nothing down The $400,000 live-in flip The #1 most important characteristic Darren looks for in properties The secret to renting property to people with children How to save thousands of dollars using YouTube. And a whole lot more Links from the Show The Real Estate Agent’s Ultimate Guide to Working with Investors by Brandon Turner How I Found, Analyzed, and Bought an Ugly Purple Rental Property Brandon Bought a “Waldo” Rental Property…. But Should You? Allure Vinyl Plank Flooring PayNearMe Books Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki The 4 Hour Workweek by Tim Ferriss The E-Myth Revisited by Michael Gerber Millionaire Real Estate Investor by Gary Kellar Millionaire Real Estate Agent  by Gary Kellar All You Can Do is All You Can Do, but All You Can Do Is Enough by Art Williams Hamburger America by George Motz  Tweetable Topics “If a deal doesn’t at least meet the 1% rule – run away.” (Tweet This!) “It may be cliche, but when buying real estate… location is everything.” (Tweet This!) “The worse condition a property is in, the more I’ll love it!” (Tweet This!) “The most successful people are those who failed the most.” (Tweet This!) Connect with Darren Darren’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

How do you like the idea of making double digit returns while not needing to lift a finger with your investments? If so – this is the show for you. On this 47th episode of the BiggerPockets Podcast we sit down with commercial real estate investor and broker Joel Owens to learn strategies for getting started with commercial real estate investing. From apartment complexes to NNN lease investing and a lot more, this show is packed full of tips for investors in all walks of life. In This Show, We Cover: How Joel got his start… from Pizza Owner to Apartment Broker/Buyer Joel’s first investment… that turned bad quickly What makes an A, B, C, and D neighborhood How much does it really cost to buy commercial real estate? Should someone start with apartments or single family properties? Where to find apartment complexes and other commercial properties How to determine the value of an apartment How to carry out the “Value Add” strategy No money down commercial investing? Carrying a second mortgage when selling real estate NNN Lease Investing – How to get started with this passive investments And a LOT more Links from the Show Costar Loopnet BiggerPockets.com/calc BiggerPockets.com/meet Introduction to Real Estate Investment Deal Analysis by J Scott – (Great blog post about analyzing properties) Books Mentioned in the Show Dealmaker’s Guide to Commercial Real Estate: Strategy and Practice for the Intelligent Investor by Ray Alcorn Tweetable Topics “You have to have a certain mentality to live next to your tenants… I don’t have that personality.” (Tweet This!) “If you are used to buying houses, apartment investing is the easiest to get into.” (Tweet This!) “Real estate is like a roller coaster – fast lows and fast highs…with a lot of coasting in the middle.” (Tweet This!) “Run your real estate like a business, not a hobby.” (Tweet This!) “Small steps lead to big results.” (Tweet This!) Connect with Joel Joel’s BiggerPockets Profile Joel’s Website: AWCommercial.com Example of Income Approach Math Property Type: 4 Plex Income Per Unit: $400 Gross Monthly Income: $1600 Gross Expected Income: $19200 Subtract out all operating expenses (60%) $19,200 x .4 = $7,680 Net Operating Income: $7,680 Divide by Purchase Price to get Cap Rate: $7,680/100,000 = 7.68% Cap Rate: 7.68% Example of How to Determine How Much You Can Afford Cash Down Payment, 10%: $300,000 Seller held back a 15% second mortgage: $450,000 Total Purchase Price: $3,000,000 First Mortgage: $2,250,000 Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s special Thanksgiving Day show, we sit down with one of BiggerPockets’ most active members and biggest success stories, Jon Klaus. Jon has flipped homes, built new properties, rented homes, and done a huge variety of other activities in the real estate space. Not only is Jon an incredibly nice guy, he’s also one of the smartest investors you’ll ever hear from. Don’t miss a second of this powerful show, where we cover everything from marketing for killer good dealsoutside of the MLS, arranging financing for your deals, getting started with no money, and even a step by step journey through a six-figure spec build. Read the transcript for episode 46 with Jon Klaus here. In This Show We Cover How Jon got started…using lawn mowing money Mistakes Jon has made involving War Zones The 7,000 sq ft house flip The 2% Rule – what it is, when to use it When to change your strategy The secret for beating other investors with great deals How to market for incredible deals How a single trees can cost you over $200,000 A step by step guide for spec building The four elements needed for a successful spec house Books Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki The 4 Hour Workweek by Tim Ferriss The E-Myth Revisited by Michael Gerber The Richest Man Who Ever Lived: King Solomon’s Secrets to Success, Wealth, and Happinessby Steven K. Scott Links from the Show The Rental Property Calculator BP Podcast 022 – Building a Marketing Machine, Spec Houses, Flipping & Wholesaling with Tucker Merrihew Wade Cook – Wikipedia The Definitive Guide to Using Seller Financing to Buy Real Estate How to Hack Your Housing and Get Paid to Live for Free from Brandon Turner Forum Threads on Dodd Frank and Safe Act 1, 2, and 3 BP Podcast 038: Unique Strategies for Buying Real Estate with Travis Daggett J Scott Diary of at Spec Build Rich Weiss – BiggerPockets Profile Jon’s recent project (with Photos) Tweetable Topics With determination, focus, and a little bit of money – you can get started as a real estate investor today. (Tweet This!) The deal flow will always be there; people will always buy and sell real estate. (Tweet This!) Buy the property right – that makes all the difference in the world. (Tweet This!) The key to success is determination and endurance. Winners don’t quit when it gets hard. (Tweet This!) Connect with Jon Jon’s BiggerPockets’ Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets Podcast, we cover a huge variety of really interesting topics with real estate investor Tom Sylvester (yes, that rhymes!) Tom has been investing in the Rochester, NY area for several years and has a great perspective on getting started, building systems to manage your business, investing in rural areas (or as Brandon says, “rrrrrurrral”,) and a whole lot more. Don’t miss a second of this excellent interview! Read the transcript for episode 45 with Tom Sylvester here. In This Show, We Cover Tom’s early lessons The advantages and disadvantages to rural investing Finding mentors and networking Talking with your spouse about getting started with real estate Getting started with real estate at a young age When is the right time to quit your day job? Red flags for problem tenants The $10 Toilet part that could have saved Tom hundreds of dollars And much more. Links from the Show Investing in Rural Markets: The Secret to Real Estate Investing Success? The Top 100 Ways To Make Money In Real Estate How to Get Started With $100 blog post by Tom Keyword Alerts How To Survive When Your Spouse Doesn’t Believe In Your Dream How to Start Investing In Real Estate at a Young Age (or a “Young at Heart Age”) BP Podcast 044: Creating Systems to Flip Houses While Still Employed with Michael Woodward Tenant Screening: The Ultimate Guide Cashflow 101: Using the Game to Define Your Investing Strategy Home Depot Toilet Fill Valve Dropbox App Books Mentioned in the Show The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich by David Bach Rich Dad Poor Dad by Robert Kiyosaki The 4 Hour Workweek by Tim Ferriss The E-Myth Revisited by Michael Gerber The Book on Flipping Houses by J Scott The Book on Estimating Rehab Costs by J Scott What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli The Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets Tweetable Topics Find your unfair advantage in business and exploit it. (Tweet This!) What do you want your life to be? How are you going to get there? (Tweet This!) If you aren’t finding success – be persistent but change your tactic. (Tweet This!) Know the difference between a cheap property and deal. (Tweet This!) Connect with Tom Tom’s BiggerPockets Profile Tom’s Website: Tom-Sylvester.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Trying to investing in real estate while holding a full time job is tough – but trying to flip houses can be even tougher. From dealing with contractors to finding money to getting the deals in the first place – flipping often feels like a full time job in itself. Luckily, today we talk with someone who is doing all those things while working a demanding day job – and finding great success at it. Michael Woodward sits down with us today to show us the systems he uses to balance both his house flipping with the rest of his life – all while maintaining a full time job. Whether you are a flipper, wholesaler, or Buy and Hold investor – you don’t want to miss this great interview on systemizing your business. Read the transcript for episode 44 with Michael Woodward here. In This Show, We Cover Why Michael quit his job – but ended up going back into a full time job again When’s the right time to quit your job? Failure – when it’s necessary Learning the tough lessons about doing your own work One trick to help you find the very best contractors What’s the “Ideal Flip?” Why Michael fully furnishes all his properties Dealing with troublesome neighbors How Michael is funding his flips Managing a flip while working a full time job The List System that helps Michael know what comes next in a flip The best place to buy appliances and a lot more Links from the Show BiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian Burke Dropbox.com 8 Reasons Why Having A Day Job And Investing In Real Estate Is Awesome! Books Mentioned in the Show The Millionaire Real Estate Investor by Gary Keller The 4 Hour Workweek by Tim Ferriss The E-Myth Revisited by Michael Gerber Tweetable Topics The nice thing about BiggerPockets is the ability to share what we know. (Tweet This!) If you’re going to go big you’re going to have to fail somewhere. (Tweet This!) You can talk yourself into any deal. It doesn’t make it right. (Tweet This!) The only way to invest in real estate while holding a job is to have systems. (Tweet This!) Connect with Michael Michael’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets Podcast we sit down with real estate investor Shaun Reilly to talk about a wide range of topics – from getting started while living in an expensive area to wholesaling, putting in offers, flipping houses, buy and hold, and a lot more. This interview was a ton of fun to do and there are so many great nuggets of information that anyone who listens will walk out with skills they can apply to their real estate investing business. Read the transcript for episode 43 with Shaun Reilly here. In This Show, We Cover: How to start investing when properties are super expensive The benefits and pitfalls of investing in condos How Shaun got his first successful flip from a failed wholesale deal Investing in real estate with a credit card Shaun’s direct mail campaign – and how he got the list for free Tips on working with real estate agents Offering on HUD Properties Offering on hundreds of properties to see what sticks The mistakes Shaun has made in his real estate investing The craziest property anyone on our show has ever purchased And more! Links From the Show: BP Podcast 038: Unique Strategies for Buying Real Estate with Travis Daggett Books Mentioned in the Show: Rich Dad Poor Dad by Robert Kiyosaki Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki Rich Dad’s Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! by Robert Kiyosaki Nothing Down: How to Buy Real Estate With Little or No Money Down by Robert Allen The 7 Habits of Highly Effective People: Powerful Lessons in Personal Change by Stephen R. Covey Getting Things Done by Robert Allen Tweetable Topics Don’t focus on simplistic things that are easy to do but are not effective. (Tweet This!) The key to buying troubled properties is buying them at the right price. (Tweet This!) There are two kinds of real estate investors – those who make a lot of money and those who give up too soon. (Tweet This!) Connect with Shaun Shaun’s BiggerPockets Profile Shaun’s BiggerPockets’ Member Blog Shaun’s Lead Gen Website: http://www.rre-homes.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

The concept of wholesaling still confuses a lot of people – and learning how to do it correctly to make great income confuses even more. Luckily, today on the BiggerPockets Podcast we are going to sit down with a wholesaler who is crushing it with his amazing wholesaling business. Mike Nelson is going to take us inside his business and show us how he is generating huge profits through systems that you can start to implement in your own business today. From marketing to outsourcing to partners and more – this podcast will take you from wholesaling newbie to pro in just an hour. Don’t miss this show! Read the transcript for episode 42 with Mike Nelson here. In This Show, We Cover How Mike lost 2k on the first deal Partnering with others while wholesaling Virtual wholesaling Mike’s exact process for wholesaling a deal Postcards vs. Yellow Letters The one direct mail tip that blew Josh and Brandon away! Tips and tools for finding missing homeowners How to hire a Virtual Assistant to help you in your business Links from the Show Accurint by Alexis Nexus BP Podcast 018 : Flipping, Marketing, and Wholesaling with Danny Johnson BP Podcast 038: Unique Strategies for Buying Real Estate with Travis Daggett ODesk.com Books Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki The 4 Hour Workweek by Tim Ferriss The E-Myth Revisited by Michael Gerber The Lean Startup by Eric Ries Tweetable Topics The secret to success in business is fixing other people’s headaches. (Tweet This!) If you don’t have a business card – you are inconveniencing the other person to write down your number. (Tweet This!) Connect with Mike Nelson Mike’s Blog WholesalingHouses101.com Mike’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 bring you a fascinating interview with real estate investor Douglas Larson. Douglas has been investing for over 15 years, doing everything from flipping, buy and hold, lease options and more. Additionally, Douglas has some great stories of working for several weeks on a Guru sales floor, and sheds new light on the shady sales world that we, at BiggerPockets, stand so strongly against. You definitely don’t want to miss this entertaining and informative show! Read the transcript for episode 41 with Douglas Larson here. In This Show, We Cover How Douglas started investing in an expensive location Tips for starting while working a full time job How to encourage your spouse to support your REI dream Tips for bidding for properties in online auctions “Scandal” in the online auction world Working with your spouse in a real estate business Lessons learned while working the “Guru” sales training Tips for dealing with contractors and keeping them on the job site And a lot more! Links from the Show What Does the Fox Say (See the Video Below!) The 9-Year-Old Idea That Continues to Change Lives: Happy Birthday BiggerPockets! The BiggerPockets Podcast Homepage (Check out our new photo!) The BiggerPockets Resources Page BP Podcast 028: Note Investing and Raising Private Money with Dave Van Horn BP Podcast 037: Full Time Income, Part Time Lifestyle Real Estate Investing with Aaron Mazzrillo BP Podcast 034: Virtual Real Estate Investing and How to Find Great Deals in a Hot Market with Anson Young John T Reed – The B.S. Checklist Postlets.com **Also – be sure to check out this great article from Douglas from over in the BiggerPockets Member Blogs with even more information from Douglas, as well as some photos of some of the properties mentioned in the show! “Bigger Pockets Podcast Show 41…” ** Books Mentioned in the Show The 4 Hour Workweek by Timothy Ferriss Rich Dad Poor Dadby Robert Kiyosaki Rich Dad’s Success Stories: Real Life Success Stories from Real Life People Who Followed the Rich Dad Lessons by Robert Kiyosaki The Millionaire Next Door by Thomas J. Stanley 7 Habits of Highly Effective People by Freakonomics: A Rogue Economist Explores the Hidden Side of Everything by Steven D. Levitt Tweetable Topics People pay good money for turn key investments (Tweet This!) A lot of people can talk story – but not everyone get’s it.(Tweet This!) Luck doesn’t fall from the sky. You make your own luck.(Tweet This!) Connect with Douglas Douglas’ Website: LuckyLarson.com Douglas’ BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Today’s episode of the BiggerPockets Podcast is a little different than normal – in a great way. To celebrate the 40th episode of the Podcast, Brandon and Josh spend an hour sharing their top forty tips for buying your first – or next – investment property. These tips range from marketing to working with agents to investing with a full time job and a whole lot more. Whether you are brand new or are an experienced investor, a flipper, wholesaler, or buy and hold investor – these tips are going to help you build your business and close more deals, faster. Read the transcript for episode 40 with Josh & Brandon here. In This Show, We Cover: Working with investor friendly agents Finding and lining up financing The 50%, 70%, 1%, and 2% rules Tips for inspecting property Finding deals that are “off market” Direct mail tips and tricks Negotiation Tips Hiring property management Investing in real estate with a full time job and a whole lot more! Special Thanks to This Week’s Sponsor We just want to give a special shout-out to our very first sponsor ever here on the BiggerPockets Podcast – MemphisInvest.com. The team at MemphisInvest continues to provide incredible value to our community, so definitely take a minute to check them out if you are interested in turnkey rental property. Visit them at Blog.MemphisInvest.com/BP Links Mentioned in the Show: BP Radio Podcast 001: Building a Successful House Flipping Business and Losing Millions with Marty Boardman BP Podcast 011 : The Ultimate Beginner’s Podcast For Real Estate Investors BP Podcast 006: Investing While Holding a Full Time Job with Arthur Garcia  BP Podcast 037: Full Time Income, Part Time Lifestyle Real Estate Investing with Aaron Mazzrillo BP Podcast 026: Building a Scalable Real Estate Business and Tenant Management Tips with Chris Clothier The Real Estate Agent’s Ultimate Guide to Working with Investors – shortcode? [Video] How I Quickly Analyze an Investment Property The BiggerPockets Analysis and Reporting tools The 50% Rule: How to Quickly Analyze a Multifamily Investment Property [Video] Driving for Dollars Bible YoureTheManNowDog.com Property Management Interview Questionnaire  BiggerPockets Deal Analysis Forum Hard Money Lender Directory MemphisInvest.com EchoSign Why YOU Should Organize a Local BiggerPockets Real Estate Meetup 8 Tips for Having a Local BP Meetup Books Mentioned in the Show No Time To Think: The Menace of Media Speed and the 24-hour News Cycle  by Howard Rosenberg and Charles S. Feldman The Four Hour Workweek by Tim Ferriss The E-Myth Revisited by Michael Gerber Tweetable Topics When dealing with home sellers, look for motivation and equity. (Tweet This!) When analyzing property, don’t let emotion cloud your judgement. (Tweet This!) You can build your reputation by being ‘that guy’ who brings everyone together. (Tweet This!) Find investment niches and strategies that fit your lifestyle. (Tweet This!) Create systems for your business so you are not the bottleneck in your business. (Tweet This!) Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast, we sit down with Seth Williams, a real estate investor from Michigan, who shares with us his story of finding and flipping vacant land. Although land is often view negatively with investors, the strategies Seth uses will definitely increase your awareness (and desire) for investing in vacant land. In addition, Seth shares his secrets for marketing and speaking with motivated sellers, as well as offering some great tips on generating leads online. This show is packed with ideas and strategies you’ve probably never heard of – so definitely don’t miss a moment of this interview. Read the transcript for episode 39 with Seth Williams here. In This Show, We Cover How to “Flip” land for dirt cheap Why people sell land for pennies on the dollar Selling properties via Craigslist Buying 3 lots for $150 Marketing through direct mail How to buy lists directly from the county Two places to buy your leads The postcards that give Seth the best leads Dealing with angry phone calls… in a humorous way Building a lead generating website Links From the Show BP Podcast 016: Land Contracts, Creative Selling, and Finding Private Money with Clay Huber BP Podcast 012 : Wholesaling and Marketing with Sharon Vornholt Elance.com Fiverr.com Cannon T3i Camera Click2Mail.com LearningDSLRVideo.com Books Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki The ABCs of Real Estate Investing by Ken McElroy Necessary Endings by Henry Cloud Tweetable Topics When people laugh at my offer it tell me I’m doing something right. (Tweet This!) There’s tons of opportunity in land investing – especially for those without a lot of money. (Tweet This!) Connect with Seth Seth’s BiggerPockets’ Profile Seth’s Blog Retipster.com Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets Podcast, we want to dive into some really great buying strategies for picking up properties for the best deals. Our guest today, Travis Daggett, leads us into some really interesting and high level techniques that any investor, new or seasoned, can immediately apply to their own business. From buying HUD properties to bidding at the Courthouse steps – this show is chalked full of actionable advice. Although Travis is primarily a wholesaler, his story and knowledge on buying great deals can help any house flipper, buy and hold investor, wholesaler, or any other real estate investor. Definitely don’t miss this show. Read the transcript for episode 38 with Travis Daggett here. In This Show, We Cover The “failed” early experiences that helped define Travis’ future investing How Travis made 5 figures on his first wholesale deal The benefits (and downsides) of buying a HUD house How to “shotgun” offers on real estate deals Strategies for bidding on the “courthouse steps” Travis’ story of when flipping didn’t work out Tips for being more productive and getting more done in less time Creative ways to attract private money Links from the Show BP Podcast 037: Full Time Income, Part Time Lifestyle Real Estate Investing with Aaron Mazzrillo The Real Estate Agent’s Ultimate Guide to Working with Investors HudHomeStore.com Ultimate Beginner’s Guide to Real Estate Investing Insanity Workout Books Mentioned in the Show Four Hour Workweek FLIP: How to Find, Fix, and Sell Houses for Profit by Rick Villani Millionaire Real Estate Investor by Gary Keller Tweetable Topics Just like most things the federal government does – they don’t do it well. (Tweet This!) REI Quick Tip: Find out who the neighbor’s landlord is – and become friends with them.  (Tweet This!) Your first offer shouldn’t be accepted – or it’s too high. (Tweet This!) Connect with Travis Travis’ BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Not all real estate investors need to work 80 hours a week to put food on the table and build their wealth. On today’s episode of the BiggerPockets Podcast we are excited to introduce you to Aaron Mazzrillo, a real estate investor from the Southern California area who makes a great full time living with just 4 to 5 hours of work per day. Aaron’s smart strategies for wholesaling, buy and hold, and flipping are fascinating and will give you an entirely new perspective on building wealth through real estate – while enjoying every moment of it. Read the transcript for episode 37 with Aaron Mazzrillo here In This Show, We Cover How Aaron was able to quit his job through real estate Investing in expensive areas Finding properties through wholesalers Negotiating with sellers and cash buyers Aaron’s exact direct mail strategy Why wholesaling isn’t the best strategy for starting out Advanced methods for structuring no-money down deals How to really determine expenses on a rental Dealing with tenants without losing your mind Starting a real estate mastermind group Links From the Show The New iOS7 BiggerPockets App BiggerPockets Pro  BiggerPockets Book on Estimating Rehab Costs BiggerPockets Book on Flipping Houses Fiverr.com – Get any task done for $5 Tenant Screening: The Ultimate Guide VFlyer.com Books Mentioned in the Show Think and Grow Rich by Napoleon Hill Getting Everything You Can Out of All You’ve Got by Jay Abraham Tweetable Topics Surround yourself with the kind of people you want to become (Tweet This!) When negotiating, focus on explaining the outcome for the seller (Tweet This!) If you can’t afford to keep it vacant – you can’t afford to keep it (Tweet This!) I don’t consider myself a real estate investor…I consider myself a marketer who invests in real estate. (Tweet This!) Connect with Aaron Aaron’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets Podcast, we look at the topic of landlording and get some great advice from long-time landlord Kevin Perk. Kevin is a very successful investor from the Memphis area and has a real good grasp on finding and dealing with tenants as well as some unique methods of financing his properties, getting rid of bad tenants, and building wealth. There is a lot of really great tips and advice for anyone looking to grow their buy and hold real estate business. Read the transcript to episode 36 with Kevin Perk here. In This Show, We Cover: How Kevin finances dozens of properties with creative financing Private lending and methods to use commercial financing to invest Making offers that get accepted The three things that turn a landlord into a slumlord – and how to avoid them Online technology to help attract and manage tenants Signs of future bad tenants How to fill vacancies during the holiday season The best and worst parts of being a landlord Real estate clubs: determining the good, the bad, and the ugly Links Mentioned in the Show: The Real Estate Agent’s Ultimate Guide to Dealing with Investors Tenant Screening: The Definitive Step by Step Guide How to Rent Your House: The Ultimate Step by Step Guide AppFolio.com Top Online Property Management Software list from BiggerPockets Books Mentioned in the Show: Rich Dad Poor Dad by Robert Kiyosaki Cash Flow Quadrant by Robert Kiyosaki The E-Myth Revisited by Michael Gerber The Book on Flipping Houses by J Scott The Book on Estimating Rehab Costs by J Scott Tweetable Topics: Don’t drop your standards just to quickly fill a vacancy. (Tweet This!) When investing in real estate, have some cash reserves. (Tweet This!) If you bet on appreciation – you are going to lose. Real estate doesn’t always go up. (Tweet This!) Connect with Kevin: Kevin’s BiggerPockets Profile Kevin’s Blog: SmarterLandlording.com Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s Podcast, we sit down with blogger, investor, BiggerPockets contributor, and perhaps “the most interesting woman in the world”- Paula Pant. Paula has a unique perspective on personal finance that is helping her build a strong buy-and-hold portfolio while maintaining freedom and mobility that most only dream of. This interview is sure to fascinate, entertain, and give some great real estate investing advice that you can use in your own life. Read the transcript to episode 35 with Paula Pant here. In This Show, We Cover How traveling the world for two years led Paula to real estate Tips for managing tenants while on vacation How to avoid “creative accounting“ Paying yourself when managing your own properties Paula’s definition of “financial freedom“ Why pinching pennies might actually hurt you What “Lifestyle Design” is – and how to do it How to quit your job and start living a life you want Tips for saving for that first rental Benefits of blogging about your investing Links From the Show Paula’s interview on NPR Paula’s article: You Know What Really Sucks? Cubicles How I Accidentally Bought Two of Kurt Cobain’s Former Homes and Why That’s Not Even The Best Part. (Brandon’s 1st Small Multifamily Property Story) How to Buy a Small MultiFamily Property: A Step by Step Case Study The Ultimate Guide to Tenant Screening Travel Hacking Books from the Site: The Four Hour Workweek by Timothy Ferriss Rich Dad Poor Dad by Robert Kiyosaki From 0 to 130 Properties in 3.5 Years by Steve McKight Tweetable Topics Theres a difference between active income and passive income. Know that difference. (Tweet This!) If I can make, in passive income, as much as the average us household earns – that’s financial freedom. (Tweet This!) Life is too precious to spend it doing something you hate. (Tweet This!) Blogging helps you clarify what you should be doing as a real estate investor. (Tweet This!) Connect with Paula Paula’s Blog: AffordAnything.com Paula’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Many investors find themselves trapped by a heated market – but today’s guest shows that it is fully possible to invest in real estate – even in a hot real estate market. Anson Young, who lives in the Denver area, joins us today to chat about finding great deals locally and virtually, as well as tips for working with agents, dealing with assignments, and a whole lot more. Anson is a fun guy who has a ton of awesome tips to share with everyone, so don’t miss today’s show! Read the transcript to episode 34 with Anson Young here. In This Show, We Cover The “crap jobs” that led to Anson’s real estate investing career How Anson partnered on his first deal without doing any labor Finding great deals on the MLS How Anson finds the best neighborhoods to invest in How to wholesale virtually What to do if you don’t have direct MLS access Using the “Short Sale Time Machine” to build equity How to get around the “non assignment” clause when wholesaling bank repos Mistakes made by Anson when getting started And much more… Links from the Show The Real Estate Agent’s Ultimate Guide to Working with Investors  The Book on Flipping Houses  The Book on Estimating Rehab Costs The BiggerPockets Forums The 21 Best Real Estate Books Ever The BiggerPockets REI Resource Center Books Mentioned in the Show: Rich Dad Poor Dad by Robert Kiyosaki Millionaire Real Estate Investor by Gary Keller The Four Hour Workweek by Timothy Ferriss Crush It by Gary Vaynerchuk Tweetable Topics Working crappy jobs can be a good way to get started with real estate investing (Tweet This!) Plan with the end in mind. (Tweet This!) You are either consistent or non-existent. (Tweet This!) Connect with Anson Anson’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets Podcast, we sit down with a relatively new investor who is absolutely crushing it as a flipper and wholesaler – Sam Craven. Sam has an incredible story of learning to fight through the initial problems that all new investors face and achieving a lot of success while investing during his weekends and evenings. Sam has a ton of great tips on marketing, making a plan, running an investment business, and a lot more. Don’t miss this show! Read the transcript to episode 33 with Sam Craven here. In This Show, We Cover Working with family without killing each other Closing 27 deals during the first year in business Getting leads with direct mail Investing while holding a full time job Partnering with other investors when first beginning How to lower your direct mail response rate … and why you want to Tips on online advertising Making a plan for future growth How to stand out from the “bad wholesaler” crowd How to build a sophisticated buyer’s list How to handle major problems when they come up Links from the Show BiggerPockets Pro Memberships LoopNet.com Books Mentioned in the Show The Millionaire Real Estate Investor by Gary Keller The E-myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It by Michael Gerber Tweetable Topics “To grow as a real estate investor, get involved in the conversations about real estate.” (Tweet This!) “Transparency is key when attracting clients, partners, and investors.” (Tweet This!) “Good deals are found through relationships.” (Tweet This!) Connect with Sam Sam’s BiggerPockets Profile Sam’s Website – Senna Homes Learn more about your ad choices. Visit megaphone.fm/adchoices

Many house flippers focus on small, cheap properties – but on today’s show we look at the other end of the flipping world: luxury house flipping. Our guest today, Will Barnard, is currently flipping multimillion dollar homes in the Southern California market, but the lessons and tips he shares can help any investor in any stage of the game. Will shares his story of how he got started with real estate investing and built up his business that has covered buy and hold, land development, flipping, and more. This episode covers a wide variety of topics that are sure to entertain and inform – so sit back and enjoy! We’re really excited to bring you this interview. Read the transcript to episode 32 with Will Barnard here. In This Show, We Cover Working with family when starting out The infamous occupant from hell… The transition from low-end flipping to high-end flipping Where Will believes the market is going When the 70% rule applies – and when it doesn’t How to find comparable sales for unique homes When to use architects and interior designers The crazy story of the “Seven Figure Spread” flip Working with Real Estate Agents And more! Links from the Show Forum thread about the recent Gmail changes  Will’s Occupant from Hell Story on the BiggerPockets Forums The House Flipping Calculator on BiggerPockets DocuSign Ink App EchoSign How to Negotiate: 7 Real Estate Negotiation Tips by J Scott Books Mentioned in the Show Trump Style Negotiation by George Ross Real Estate Finance and Investment Manual by Jack Cummings Tweetable Topics: “Simplicity is key. Buy right … that’s where you’ll lock in your profit.” (Tweet This!) “Real Estate rules are guidelines, not hard and fast. They are not silver bullets.” (Tweet This!) “Everything you do in real estate- it’s all about the negotiation.” (Tweet This!) “There are a lot of hurdles in real estate. It is a roller coaster ride.” (Tweet This!) “Experience is the Best Educator.” (Tweet This!) Connect with Will Will’s BiggerPockets Account Will’s Website: www.BarnardEnterprises.com Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s show, we want to introduce you to a relatively new investor who is building a really awesome wholesaling business through the use of smart marketing, savvy business skills, and persistence. Lamar Cannon, from the Austin, TX area, shares with us his story of how he got started with wholesaling and uses the sales skills from his previous job to close more deals. No matter what kind of investor you are, Lamar’s story is going to inspire you, motivate you, and help take your own business to a new level. In This Show, We Cover Lamar’s first “accidental deal“ Negotiating directly with a bank How to avoid jumping from shiny object to shiny object Finding cash buyers Dealing with bad neighborhoods The right way to answer phone calls as a wholesaler How to determine your wholesaling “law of averages“ Tips for wholesaling with no money Plus a lot more! Links from the Show: BiggerPockets G+ Account Ultimate Beginner’s Guide to Real Estate Investing How to Create an Awesome Lead Generating Website in Under an Hour with No Technical Abilities Books Mentioned in the Show The Book on Flipping Houses by J Scott The Book on Estimating Rehab Costs by J Scott Rich Dad Poor Dad by Robert Kiyosaki Good to Great by Jim Collins Four Hour Workweek by Timothy Ferriss Tweetable Topics: In business, be consistent with your strategy and focus on one thing at a time. (Tweet This!) Be solution-oriented. (Tweet This!) Connect with Lamar Lamar’s BiggerPockets Profile Lamar’s Website: We Buy Houses in San Antonio Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we want to share an interview with someone who runs his investment business in a unique but powerful way – and it’s sure to both inform and entertain you. On today’s episode, we sit down with real estate investor Kenny Estes and chat about investing in rural America, funding deals through private money, building a team, and “going big” with a bold exit strategy. Join us today for a really awesome interview and one of the highest caliber conversations we’ve ever had (and one of the largest debates as well!) Read the transcript to episode 30 with Kenny Estes here. In This Show, We Cover How Kenny started investing at 18 years old – while still in college. The early mistakes that Kenny is still digging out from The “Cab Driver Metric” in Real Estate Investing Why “no money down” is dangerous How to “stress test” a real estate deal How Kenny found his initial private investors The debate between “Invest Yourself” or “Invest with Others” Kenny’s real estate team – and how he built it Finding and dealing with contractors Kenny’s “bold” exit strategy plan Links from the Show The House Flipping Calculator Are Stocks Better than Real Estate? Post by Kenny Estes “Boring can be Sexy when Investing in Real Estate” post by Ben Leybovich Ultimate Beginner’s Guide to Real Estate Investing – Free eBook CashFlow Board Game Books Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki Investing in Real Estate – Gary Eldred On China – Kissinger Tweetable Topics Be very cognizant of your risk threshold and do it very conservatively. (Tweet This!) Private investors are people you know. (Tweet This!) Invest simply, do it conservatively, do it for the long haul. (Tweet This!) Connect with Kenny Kenny’s BiggerPockets Profile Kenny’s Blog – PearTreeProperty.com/Blog Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets Podcast, we are going to dive into some really fascinating new ways to finance your real estate investing while talking with residential investor Dawn Anastasi. Dawn is an active investor in the Milwaukee area who, while working a full time job, has collected a number of rental properties with amazing cash flow each month. Dawn shares with us her strategy for buying low priced houses (with unique financing in place,) fixing them up, and leasing them out to great tenants. This show definitely has a lot of great tips, ideas, and strategies for both new investors and seasoned pros. Read the transcript to episode 29 with Dawn Anastasi here. In This Show, We Cover Working with Family and Friends Investing in Real Estate from a Woman’s Perspective Dealing with Difficult Contractors How to Find Houses for Between $20,000 – $30,000 Financing Real Estate Through Peer-to-Peer Funding Buying Long Distance Properties Why Single Family Rentals Rock Finding Partners on BiggerPockets Links from the Show Lending Club (BiggerPockets Partner Link) Prosper (BiggerPockets Partner Link) How to Buy a Small Multifamily: A Step by Step Case Study Brandon’s Twitter, Josh’s Twitter, BiggerPockets’ Twitter Tenant Screening: The Ultimate Guide The BiggerPockets MarketPlace Rich Dad Poor Dad Audio Book on Youtube How to Analyze a Fix and Flip: A Step by Step Case Study The BiggerPockets Fix and Flip Analysis and Reporting Tool Books Mentioned in the Show The Section 8 Bible Rich Dad Poor Dad Tweetable Topics You need to be comfortable with whatever investing strategy you choose. (Tweet This!) A deal is a deal, whether it’s a single family home or duplex. Go where the deal is. (Tweet This!) Know your real estate market: the niches, and the neighborhoods. (Tweet This!) The Bigger Pockets Marketplace is eHarmony for Real Estate Investors! Have You Found Your Match? (Tweet This!) Connect with Dawn Dawn’s BiggerPockets Profile Dawn’s Website www.coreprop.biz/ Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets, we’re going to dive into an area of real estate investing that is largely unknown, yet can be one of the most passive forms of earning lucrative returns: note investing. Our guest today is Dave Van Horn, who has been actively investing in real estate for more than twenty years and currently runs a very successful note business, PPR Note Company. In addition to information on notes and passive income, Dave also has a ton of great tips for any investor looking to raise money for their real estate deals – so definitely don’t miss this valuable and informative show! Read the transcript to episode 28 with Dave Van Horn here. In This Show, We Cover How Dave used other people’s money to buy real estate Attracting private lenders through proper networking Dave’s beginning journey into note investing and “Soft-Hard Money” Why people sell notes … for steep discounts. Buying “delinquent mortgages” for incredibly low amounts The kind of discounts you can get from second mortgages Strategies for dealing with delinquent payments Three ways to get started buying notes How much you need to get started investing in notes Unique ideas for raising capital and finding accredited investors Staying out of trouble when dealing with accredited investors The mistake that cost Dave’s company $10,000 when dealing with investors Links from the Show BiggerPockets YouTube Chanel BP Podcast 026: Building a Scalable Real Estate Business and Tenant Management Tips with Chris Clothier BREAKING NEWS: General Solicitation of Accredited Investors is Now Legal… Who are the Winners and Losers? The BiggerPockets Forums The BiggerPockets House Flipping Calculator Books Mentioned in the Show Missed Fortune 101 by Douglas Andrew Mastering the Rockefeller Habits by Verne Harnish Tweetable Topics Keep your money moving… keep the velocity going. (Tweet This!) How many deals could you do if you had an unlimited supply of money? (Tweet This!) Start raising money with the people in your cell phone (Tweet This!) Connect with Dave Dave’s BiggerPockets Profile Dave’s Company PPR Note Company Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets Podcast, we talk with the dynamic husband and wife team ofJason and Katherine Grote about their adventures in flipping and wholesaling, while specifically dealing with some of the unique ways they find deals for their real estate investing business. This show was really a ton of fun to record and will give you both ideas and many good laughs as you hear the Grote’s story and tips for you and your investing business! Read the transcript to episode 27 with Jason and Katherine Grote here. In This Show, We Cover What a “wholetail” is – and why it can be profitable The first direct mail campaign that… flopped. When to “buy and hold” and when to “flip?” When to Quit your job … and when NOT to. Flipping in hot vs. cold markets How to wholesale without being a time-stealing “bottom feeder” Dealing with foundation problems Tips for working with your spouse Links from the Show The New BiggerPockets Real Estate Calculators and Analysis Tools Fix and Flip Analysis & Reporting Tool Lending Club BP Podcast 010 : Flipping Houses 101 with J Scott BP Podcast 018 : Flipping, Marketing, and Wholesaling with Danny Johnson 5 Key Takeaways From the Inman Real Estate Connect SF 2013 Conference How to Create an Awesome Lead Generating Website in Under an Hour with No Technical Abilities Books Mentioned in the Show: Rich Dad Poor Dad by Robert Kiyosaki Tweetable Topics Anything worth anything is all about hard work (Tweet This!) People decide whether or not they’ll buy your house in the first 3 minutes.(Tweet This!) We’re passionate about real estate… it’s fun! (Tweet This!) Who needs a book when you have BiggerPockets! (Tweet This!) Connect with Jason and Katherine Jason’s BiggerPockets Profile Katherine’s BiggerPockets Profile The Grote’s Website: www.IBuyAustinHouses.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Successful real estate investing involves a lot more than just tenants, toilets, and trouble. Successful investors have learned to manage their investing like a business and not a hobby by creating systems to scale their efforts and build wealth faster and more securely. To get a better idea on just how to do this, on the show today we talk with real estate pro Chris Clothier of Memphis Invest, who shares his story and his view on how to start working on your business and not in your business. If you are looking to take your investing to the next level while maintaining more control – don’t miss this episode. Chris also has some awesome tips on getting your properties rented quicker and dealing with difficult tenants so be sure to take notes! Read the transcript to episode 26 with Chris Clothier here. In Today’s Show, We Cover Student housing: a good idea or a bad idea? When NOT to use partnerships – and the perfect kind of partner. What comes first: hiring employees or ramping up your marketing. What true marketing really is… and why it costs nothing. Tips for outsourcing parts of your business that don’t excite you. Why Chris didn’t use a formal business plan but you probably should. How to hire people and guarantee you can always pay their salary. Chris’ unique “game” for filling vacant units. The one tenant trait that is an automatic denial. Specific questions to ask a property manager before hiring them. Links from Today’s Show: BP Podcast 009: Using Hard Money Lenders to Grow Your Business with Ann Bellamy Keyword alerts Do You Feel Like You Are Drowning In Your Business? Start Outsourcing! Books Mentioned in the Show Make it Big by Frank McKinney Rework by Jason Fried and David Heinemeier Hansson Tweetable Topics “The best marketing you could ever do is simply talking to other people.” (Tweet This!) “If you are going to start a business… why not go all in?” (Tweet This!) “To scale your business, you gotta bring in the highest quality people.” (Tweet This!) “Surround yourself with people who believe in your vision and are up for the challenge.” (Tweet This!) “Don’t be scared to share in the wealth of what you are doing.” (Tweet This!) Connect with Chris Chris’ Company Website MemphisInvest.com Chris’ BiggerPockets Profile 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. You see, all of our interviews thus far have been with real estate investing professionals, who are absolutely crushing it in their real estate journey. However, today, we want to sit down with some investors who are just starting out and can tell us their stories of how they achieved their first real estate deal. These stories are not only helpful for new investors, but even the pros can learn valuable lessons from their experiences. We cover everything from investing when you live in an expensive city to dealing with the drama that might arise during a wholesale deal and even tips for buying a small multifamily property as your first primary residence. Don’t miss this amazing set of interviews with some really great individuals! Read the transcript to episode 25 here Links from the Show: New Member Introduction Forum  ThisMomBuysHouses.com The 2% Rule and 50% Rule Google Street View The BiggerPockets Deal Analysis Forum Books Mentioned in the Show How to Be a Deed Grabber by Rick Dawson How I Turned $1,000 into Five Million in Real Estate in My Spare Time by William Nickerson Tweetable Topics “When financing real estate, find a lender who knows what they are doing.” (Tweet This!) “If you have a good property, at a good price, in a good location – you won’t have a problem selling.” (Tweet This!) “You can’t use your location as an excuse not to invest.” (Tweet This!) “It’s more important, with early deals, to get them moved early and build your confidence.” (Tweet This!) Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode of the BiggerPockets Podcast, we talk with active house flipper and real estate investor Michael LaCava about flipping houses in today’s rapidly changing real estate market. Mike has been flipping houses since 2006, so he’s seen both the crash and the emergence of the market, and has a ton of great insight into building a scalable flipping business, analyzing deals quickly and efficiently, and (as a new feature on the Podcast) Mike dives into a “Fire Round” where he answers some of the most interesting questions asked by BiggerPockets members in the Forums. Read the transcript to episode 24 with Michael LaCava here In This Show, We Cover Finding and Working with Partners in your Investing Losing money on the first deal Mike’s view on the Hedge Fund problem Exit strategies … “What happens IF…” The $2.5 million dollar deal that fell apart When to use the 70% Rule and when NOT to use it Finding accurate comparable sales (Comps) The best way to estimate repairs Hiring your very own acquisition manager Tips for wholesalers The power of blogging for your business The flipping “Fire-Round” Flipping a “Murder House?” Finding deals in a competitive market Links from the Show BiggerPockets Deal Analysis Forum Books Mentioned in the Show Think and Grow Rich by Napoleon Hill Tweetable Topics: “When flipping a house, you make your money on the front end. It’s understanding the numbers before getting into it.” (Tweet This!) “Relying on the experts and building your team is crucial to being successful.” (Tweet This!) “You need to create a plan, you need to write it down, you need to start taking action.” (Tweet This!) “Success isn’t about how much money you make – it’s about enjoying life along the way.” (Tweet This!) “Goals with no actions are just dreams.” (Tweet This!) Connect with Michael Michael’s Website HouseFlippingSchool.com Michael’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

One of the biggest issues that most investors face is the issue of investing while holding a full time job. In today’s episode of the BiggerPockets Podcast, we sit down with real estate investor James Vermillionto discuss how he has built his real estate flipping and buy-and-hold investing business while working full time in the US Military and with a non-real estate business. James shares his story, along with numerous tips for managing your time while working a job and dealing with partnerships to maximize your investing power. Read the transcript to episode 23 with James Vermillion here .In This Show, We Cover How James works a full time job while flipping houses Overcoming the “Education Only Phase” and buying his first property Investing while serving in the US Military How James succeeded without any expensive courses or mentors How to find free online college-level real estate education Transitioning from Flipping to Buy and Hold Finding financing for flipping through a local community bank Tips and tricks for finding deals still on the MLS How to make a partnership work great Tips for finding a free mentor Links from the Show James’ BP Blog Post on Free Education  BP Podcast 006: Investing While Holding a Full Time Job with Arthur Garcia The Ultimate Guide to Tenant Screening Links for Military Investors US Small Business Admin (Veterans Section): VA Veterans Business Portal: SCORE (offers some free and discounted resources for military): Books Mentioned in the Show Titan: The Life of John D. Rockefeller, Sr. by Ron Chernow The Book on Estimating Rehab Costs Tweetable Topics: “What works in one market won’t necessarily work in another market.” (Tweet This!) “A partnership will never be 50/50 all the time – and that’s okay.” (Tweet This!) “Don’t pick a strategy and build you life around it. Look at your life – and build a strategy that fits your needs.” (Tweet This!) Connect with James James’ BiggerPockets Profile James’ Company Website www.kandvinvesting.com Learn more about your ad choices. Visit megaphone.fm/adchoices