On today’s episode of the BiggerPockets Podcast, we are joined by Arizona real estate investor Tracy Royce to discuss all things related to short sales, getting started, and the best ways to run your real estate investing business. This show has a ton of tips for finding the best way to help sellers who are underwater on their mortgages and still make you a profit as a real estate investor, as well as great strategies for using virtual assistants to lighten your work load and other tips for those who are just getting started. Read the transcript for episode 19 with Tracy Royce here In This Show, We Cover: How to get paid to learn about real estate How to parlay your talents into a job with a real estate investor; How to “shift” with a changing market and recognize future trends How to use virtual assistants in your real estate business Goals: Good, bad, and ugly Getting started with no money by using technology and social media What a short sale is and the short sale process How to find a great short sale agent Tips for getting your short sale offers accepted Books Mentioned in the Show The Four Hour Workweek by Tim Ferriss Shift by Gary Keller Atlas Shrugged by Ayn Rand Think and Grow Rich by Napoleon Hill E-Myth Revisited by Michael Gerber Winning by Jack Welch Links from the Blog Odesk.com eLance.com Tweetable Topics “When investing in real estate – you have to start out in the mail room.” (Tweet This!) “Don’t expect to get rich tomorrow. You gotta put the work in, you gotta hustle.” (Tweet This!) “If you want an easy job, Sell kittens at a pet shop. Real estate investing isn’t easy.”(Tweet This!) “If you put more fishing lurers out there, you are more likely to catch things.”(Tweet This!) Connect with Tracy Tracy’s Website www.RoyceofRealEstate.com Tracy’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we sit down with fix and flipper Danny Johnson to talk about running a successful real estate investing business. Danny has been investing in real estate for the past decade and has hundreds of awesome, actionable tips that he shares with us in today’s show. From real estate marketing through websites and direct mail to tips for wholesalers and ideas for getting started while working a full time job, Danny’s knowledge is going to blow your mind. Whether you are an experienced house flipper, a wholesaler, or a new investor just getting ready to start investing, this show is going to give you a ton of ammunition to use in your business. In This Show, We Cover: Why a mentor isn’t as important for your success as you might think. How to hustle while holding a full time job. How to use “driving for dollars” to get started. The CRAZY first deal that got Danny into real estate. Bandit signs… a great marketing plan OR a criminal activity? How Danny manages 8-13 flips at a time. The “Top Secret” method that Danny uses to find deals. Postcards vs. yellow letters : which is better? The best criteria for compiling a great direct mail list. Tips for creating a lead generating website and online advertising. Books Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki Mastery by Robert Greene Flipping Houses Exposed by Danny Johnson Links from the Show Why Hiring a Mentor Might Not Be the Stupidest Thing You Could Do by Ben Leybovich Driving for Dollars Bible: Finding Distressed Properties and Marketing by Chris Feltus Driving for Dollars Bible 2: Tracking Down Owners & More Tips! by Chris Feltus Danny’s “We Buy Houses website” BP Podcast 016: Land Contracts, Creative Selling, and Finding Private Money with Clay Huber Hard Money Lender Directory Danny’s Blog Post: 9 Reasons Why You Couldn’t Sell Your Wholesale Deal Tweetable Topics You can’t just sit behind a computer and expect to succeed. You gotta get out there and do stuff. (Tweet This!) Always negotiate. (Tweet This!) When it’s a “real deal” you’ll know it’s a good deal. You don’t have to make it a deal. (Tweet This!) Focus on finding really great deals – you don’t need a whole lot of buyers (Tweet This!) Connect with Danny Danny’s BiggerPockets Profile Danny’s Blog FlippingJunkie.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate investing is about more than just making money in the here and now – it’s also about setting up your future for a solid retirement with minimal hassle and maximum wealth. However, planning for that time in your life is not always the most easy-to-understand task. To help, we sit down with investment specialist Jeff Brown, a very common face around the BiggerPockets Blog, to discuss some of the best ways to find mentors, what you can do to start preparing for retirement right now, and how to invest in notes using cash or your self directed IRA or 401K. This show is filled with a lot of really actionable, in-depth content so be sure to have your notepad ready – you’re going to need it! In This Show, We Cover: How to find mentors to help train and teach Why real estate brokers make the best mentors What CCIM is and why you should consider it How much do you need to quit your job and go “Full Time?” Why $1 million might not be enough for you for retirement 3 paths to maximize after-tax income. Why “cash flow” might be overrated when beginning Why you should STOP investing in your 401K and IRAs – even with a “company match” Investing in notes vs. property … why one is better than the other How to find good notes to invest in 3 Case studies – what should a 25 year old do, a 45 year old do, or a 60 year old do for retirement? and more Books Mentioned in the Show: The E-Myth Revisited by Michael Gerber The Basic Steps in Real Estate Exchanging by Royce Ringsdorf. Links from the Show: The BiggerPockets FilePlace CCIM Training Tweetable Topics “The best mentoring you can get is often at the 19th hole around a plate of fries.” (Tweet This!) “Don’t leave money on the table just because you want the pleasure of being able to drive by your investment.” (Tweet This!) “When you retire, the one with the most options wins” (Tweet This!) “I want to retire yesterday afternoon around 4:30!” (Tweet This!) Learn More about Jeff Jeff’s BiggerPockets Account Jeff’s BiggerPockets’ Blog Posts Learn more about your ad choices. Visit megaphone.fm/adchoices

Several weeks ago on the BiggerPockets Podcast, we spoke with Leon Yang about using seller financing to buy properties. Today we are going to look at the opposite side of that transaction and discuss ways you can invest in real estate by utilizing seller financing (or “land contracts”) to sell. Our discussion today with real estate investor Clay Huber is chalked full of a lot of great advice for utilizing this strategy, as well as a variety of tips for those who are just getting started or for those who are just looking for another tool to add to their investor toolbox. Read the transcript for Episode 16 with Clay Huber here In This Show, We Cover: The “accidental flip” that got Clay into Real Estate… and why he changed strategies How to use seller financing to invest in real estate, When not to use seller financing Dealing with the dreaded Due on Sale clause, Should you get your real estate license? Using a full time job to accelerate your investing The members you should have on your team How Clay finances his deals The four items to include in your Marketing Packet to attract private money Overcoming the “Bus” question… what happens if you get hit by a bus!? How to get training for pennies on the dollar Books Mentioned in the Show: Inspecting a House (For Pros By Pros) by Rex Cauldwell Links from the Show: BP Podcast 015: From $80k in Credit Card Debt to 100+ Deals with Glenn and Amber Schworm Michael Zuber How to Raise Private Money Anytime, Anywhere. Even Over Chicken Wings! A Great Real Estate Investing Resource that Cost a Penny Tweetable Topics “The best business model is to simply have a sugar-momma!” (Tweet This!) “If you buy something for retail value you are at the mercy of the market.” (Tweet This!) “Your first step in any venture is to define your goal.” (Tweet This!) “Make sure your spouse is 100% on board with your goals.” (Tweet This!) Learn More about Clay HuberPropertyGroup.com Clay’s BiggerPockets Account Clay’s BiggerPockets’ Blog Posts Learn more about your ad choices. Visit megaphone.fm/adchoices

Starting out with nothing is not easy. Luckily – this week on the BiggerPockets Podcast we are talking with husband and wife team Glenn and Amber Schworm, who have successfully done just this and scaled their real estate business to over 100 deals! On today’s show, Glenn and Amber share a ton of great tips and advice about flipping, wholesaling, and marketing for real estate investors – both new and seasoned. Read the Transcript for episode 15 with Glenn and Amber Schworm In This Show, We Cover: How desperation (and $80,000 in credit card debt) forced Glenn and Amber to succeed Using a mail-carrier to find deals for you The mistakes made on the first flip that helped them prosper on over 100 other flips Working with your spouse as your business partner Creating systems and teams to build a bigger business Tips for finding private investors to fund your real estate investing The toughest thing Glenn and Amber ever have to face in their business Tips for making money from wholesaling Marketing for motivated sellers Books Mentioned in the Show: The BiggerPockets Book on Flipping Houses Seven Habits of Highly Effective People by Steven Covey Think and Grow Rich by N. Hill The Four Agreements: A Practical Guide to Personal Freedom by Don Miguel Ruiz Links from the Show: BiggerPockets’ Facebook Page BP Podcast 010 : Flipping Houses 101 with J Scott Do You Have the Mindset to be on Shark Tank? Deals that Keep you Moving Forward….$20K into $85K in 5 days! BP Podcast 012 : Wholesaling and Marketing with Sharon Vornholt Tweetable Topics Don’t be afraid to ask. (Click to Tweet!) You can read the books and go to the seminars, but in the end – it’s a people business.(Click to Tweet!) Behavior that is rewarded is usually repeated. (Click to Tweet!) Invest in your people… they are your future. (Click to Tweet!) Action equal results. Massive action equals massive results.(Click to Tweet!) Learn More about Glenn and Amber SignatureHomeBuyers.com Glenn’s BiggerPockets Account Glenn’s BiggerPockets’ Blog Posts Learn more about your ad choices. Visit megaphone.fm/adchoices

Creativity and real estate go together like peanut butter and jelly – but for many investors, learning how to get creative can be tough. So today, on the 14th episode of the BiggerPockets Podcast, we sit down with real estate investor Ben Leybovich to discuss buying property with 100% financing, the importance of cash flow (and how to get it,) overcoming obstacles that inevitable will rise, plus a whole lot more. Ben’s inspirational story, involving his battle with multiple sclerosis, will teach you the importance of creating passive income through real estate because you never know what the future will hold. Learn how Ben turned this tragic, life-changing news into motivation to create a successful real estate investing business. You’ll definitely want to take notes during this one! In This Show, We Cover: The shocking medical event that completely changed Ben’s life The three kinds of income … and which you need How Ben chose his real estate investing strategy The message about “flipping” that seems to escape most How to get started with no money at all Ben’s top tips for landlords A reasonable benchmark for cashflow… how much per unit per month. Why 100% of the purchase price isn’t 100% of the leverage/equity. Links from the Show Considering a House Flip With 15k Profit? Don’t Do It “It’s Not My Fault They Keep Trashing My Unit” – Actually It Is… The BiggerPockets Forums The National MS Society – Donate Multiple Sclerosis Association of America – Donate Books Mentioned in the Show: How I Turned $1,000 into Five Million in Real Estate in My Spare Time by William Nickerson ABC’s of Real Estate Investing by Ken McElroy’s Tweetable Topics Successful people march toward the blazing guns. (Tweet This!) Find fertile ground where the stampede hasn’t occurred yet. (Tweet This!) I’m in real estate for one reason and one reason only: stable passive income. (Tweet This!) Get good at solving people’s problems – you’ll do well in life.(Tweet This!) Successful people refuse to fail. (Tweet This!) To achieve extraordinary results we have to take extraordinary actions. (Tweet This!) Learn More about Ben Ben’s Blog – JustAskBenWhy.com Ben’s BiggerPockets Profile Ben’s LinkedIn Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Traditional cash flow investing and bank loans are the most common methods used for buy-and-hold investors, but it’s not the only way. Today’s episode of the BiggerPockets Podcast looks at some alternative methods of real estate investing that we haven’t covered in great detail yet on the show, but may help you pick up new skills and ideas for your investing plan. On today’s show, we sit down with Leon Yang, a young investor from the Las Vegas area who fills us in on his strategy to buy homes using seller financing. We also learn how he closely watches the real estate market to ride the “speculation wave” to build wealth through appreciation and time. A BiggerPockets Podcast Milestone! Before we get to the show – we want to give a big thanks to everyone who has left us a review in iTunes– we are up to 175 five-star reviews and counting! Also – we have reached 100,000 downloads of the podcast since we started – which is really, really incredible! Thanks so much to everyone who has helped us reach this milestone and supported BiggerPockets on this journey! Read the transcript for episode 13 with Leon Yang here In This Show, We Cover: How to get started when living in a city with high prices Why Leon chose Las Vegas to invest in How to use seller financing to fund your purchases Leon’s primary source for finding seller financing. How to approach sellers and negotiate the best deal. Two things more important than “selling price” in a deal. Speculating in real estate: is it ever okay? Leon’s view on the future of inflation in the US. The first step for new investors. Why now is the best time to invest in real estate. Links from the Show How to Buy a Small MultiFamily Property: A Step by Step Case Study  Using BiggerPockets to Grow Your Business – Free eBook What is Your Real Estate Lifestyle? (Post by Leon Yang) BP Podcast 006: Investing While Holding a Full Time Job with Arthur Garcia How to Invest in Real Estate when Everything is Too Expensive The BiggerPockets Blog The BiggerPockets Forums Books Mentioned in the Show: Rich Dad Poor Dad by Robert Kiyosaki The Total Money Makeover by Dave Ramsey The Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets Investment Biker: Around the World with Jim Rogers Tweetable Topics “Seller financing is about relationships and trust. Build that before negotiating.” (Tweet This!) “Inflation is a borrower’s friend.” (Tweet This!) “To be successful, you have to get a good financial education.” (Tweet This!) “Strike a good balance between real estate and the rest of your life.” (Tweet This!) “It’s the experiences in life that make life interesting, not how much money you have.” (Tweet This!) Learn More about Leon Leon’s Blog: HardWorkingPenguin.com Leon’s Facebook Learn more about your ad choices. Visit megaphone.fm/adchoices

Wholesaling real estate is a popular topic on BiggerPockets and often one of the first strategies used by newbies to build cash reserves. However, wholesaling is a business that requires certain systems, strategies time, and sometimes even cash to prosper at. In today’s episode of the BiggerPockets Podcast, we talk with expert wholesaler and marketing whiz Sharon Vornholt about some of those strategies and techniques that she uses to make an income as a full time wholesaler. Read the transcript for Episode 12 with Sharon Vornholt here In Today’s Wholesaling Podcast, We Cover: An easy, cheap (free!) way to find more cash buyers than you can handle. The first step for wholesalers Sharon’s primary source of leads for motivated sellers The step-by-step process for making money as a wholesaler Double-closings vs. an assignment: Which is best? How Sharon closes deals with no money whatsoever Typical response rates from direct mail campaigns Why “pain” is a great thing to discover… Awesome strategies for negotiating with sellers The mistake Sharon made when starting out… and how you can avoid it. What the key to success really is. Links From the Wholesaling Show: Wholesaling Articles on the BiggerPockets Blog: What Is A Double Closing? A Real Estate Wholesaling How To Exit Strategies For Wholesalers. What Is A Double Closing? How to Start Wholesaling: Getting Past The Education and Into the Field Don’t Start Wholesaling Until You Read This: Wholesale Advice from a Fix and Flipper 9 Reasons You Couldn’t Find A Buyer For Your Wholesale Deal BiggerPockets Podcast 11: Flipping Houses 101 with J Scott ListSource.com – (Motivated Sell Lists for Direct Mail Campaigns) Books Mentioned in the Show Rich Dad Poor Dad by Robert Kiyosaki Success Principles by Jack Canfield Tweetable Topics: “Wholesaling is about relationships.” (Click to Tweet!) “When negotiating, learn to adjust the other person’s expectations” (Click to Tweet!) “Learning how to buy property for the right price is the difference between success and failure.” (Click to Tweet!) “It’s all about marketing. You have to have leads in order to get deals.” (Click to Tweet!) “Anyone who claims to know everything about anything is full of crap.” (Click to Tweet!) Thank You! Thank you again to everyone who has subscribed in iTunes to help make us one of the top business podcasts in all of iTunes! We’re up to 166 5-Star Reviews so far with over 89,000 downloads! Every subscription in iTunes and every review helps us reach more people – so thank you! About Sharon Sharon Vornholt is a professional real estate wholesaler who began investing in real estate in the Louisville, KY area in 1998. While she has done both rehabbing and buy and hold investing, her primary area of focus now is wholesaling. Sharon is a regular contributor on the BiggerPockets blog and an avid blogger on her own site, LouisvilleGalsRealEstateBlog.com. Sharon’s BiggerPockets Profile Sharon’s BiggerPockets Blog Articles Sharon’s Facebook Page Learn more about your ad choices. Visit megaphone.fm/adchoices

Getting started with real estate investing can seem overwhelming, but on today’s episode of The BiggerPockets Podcast, we are going to walk you through the entire broad overview of how people actually make money in the real estate investing field – and how you can do the same. In this unique episode, Josh and Brandon will walk you through the steps to take before getting started, choosing your strategy, ideas for finding properties, tips for getting financing in order and much, much more. Grab a pen and paper and get ready to take notes – this episode is jam packed with over an hour of directly actionable and educational information. Read the transcript of Episode 11 with Josh and Brandon here. In Today’s Flipping Podcast, We Cover: The first “personal” decision you need to make before investing. Working full-time vs. part time in real estate investing. Josh Dorkin’s real thoughts on “gurus.” Investing when you are broke. Six steps to overcoming analysis paralysis Ten unique niches and three solid strategies you can invest in real estate with. Brandon’s favorite “team member” that helped cut 90% of his work out To partner or not to partner? Pros and Cons 13 ways to finance your real estate investments Links from the Show Ultimate Beginner’s Guide to Real Estate Investing BP Podcast 006: Investing While Holding a Full Time Job with Arthur Garcia The BiggerPockets Blog The BiggerPockets Forums BP 004: Commercial Real Estate Investing With Frank Gallinelli BP 009: Using Hard Money Lenders to Grow Your Business with Ann Bellamy Lease Options (Aka Lease Purchase AKA Rent-to-Own Homes) Books Mentioned in the Show Getting Things Done by David Allen The Book on Flipping Houses by J Scott The Book on Estimating Rehab Costs by J Scott Rich Dad Poor Dad by Robert Kiyosaki Four Hour Workweek by Tim Ferriss Tweetable Topics: “You don’t need to make real estate your career in order to build wealth in real estate.” (Tweet This!) “There has to be money involved when investing in real estate… but it doesn’t need to be yours.” (Tweet This!) “Real estate takes time, planning, and patience.” (Tweet This!) “People like to fall down… and people like to sue. Get good insurance.” (Tweet This!) “You’re not a complete puzzle – there are pieces you are missing. Find those pieces.” (Tweet This!) “A friendship founded on business is a good deal better than a business founded on friendship.” -John D. Rockefeller (Tweet This!) Learn more about your ad choices. Visit megaphone.fm/adchoices

House flipping is one of the most popular methods of investing in real estate. However, it’s sometimes difficult to know exactly how to get started, as there are thousands of blog posts, articles, forum posts, and more about the topic. In today’s Podcast, we talk with one of the best in the business, J Scott, about how he got started flipping houses and how you can follow the same strategies to build your own real estate investing business. Read the transcript of Episode 10 with J. Scott here. In Today’s Flipping Podcast, We Cover: How a TV show got J started with flipping How J made every mistake possible on his first flip…but still made money Tips For Working with a wholesaler and tips for wholesalers to work with flippers Multiple exit strategies for flippers What the “sweet spot” is in terms of profit The “flip formula” and how to use it to estimate your profit. How to determine the “after repair value” of your property. Why you should get your real estate license. Why having a construction background might not be great when flipping. How J’s got his days-on-market down to a 17 day average. Tips for finding a great project manager. How to find private lenders to fund your deals. Automating you flipping business to flip while holding a full time job Links From the Flipping 101 Show: J’s Blog: 123Flip.com The New Member Introduction Forum How to Subscribe to a Forum Category [Video] BiggerPockets Forums BP Podcast 001: Building a Successful House Flipping Business and Losing Millions with Marty Boardman Ultimate Beginner’s Guide to Real Estate Investing The Book on Flipping Houses and The Book on Estimating Rehab Costs Michael Quarles and K Marie Poe Books Mentioned in the Show The Complete Guide to Real Estate Finance for Investors by Steve Burges The Four Hour Workweek by Tim Ferriss Tweetable Topics: “You gotta be conservative in your numbers, so your ‘beginner mistakes’ will be covered.” (Tweet This!) “Always have 2, 3, or 4 exit strategies as a backup on your house flips.”(Tweet This!) “What you did yesterday may not work tomorrow – you need to be flexible in your business.” (Tweet This!) “Pricing a property right is key.” (Tweet This!) “You don’t raise money if you don’t ask. It’s not rocket science – it’s just hard work.” (Tweet This!) “It takes work and a lot of up-front preparation – but business automation is possible.” (Tweet This!) “Putting together a plan on paper will help you figure out where your gaps in knowledge are.” (Tweet This!) “Real estate investing education shouldn’t cost as much as a college education.” (Tweet This!) “Those who do best in this industry are those who work ON their business, not IN their business.” (Tweet This!) About J J Scott runs Lish Properties LLC, a real estate investment company in the west suburbs of Atlanta, GA that specializes in purchasing, rehabbing and reselling REO properties. Along with his wife, J purchases and renovates about 15-20 houses per year. In addition, they consult to other investors, manage rehabs for other investors, and stage/list/market properties for the investors they work with. J’s BiggerPockets Profile J’s Facebook Page Learn more about your ad choices. Visit megaphone.fm/adchoices

Hard Money Lending is a fundamental tool for many real estate investors, but is often misunderstood and difficult to find. So today on the BiggerPockets Podcast, we sit down with hard money lender Ann Bellamy to discuss how to find and successfully use hard money to build and grow your real estate investing business. This show has an immense amount of solid, actionable content that you can use immediately, so definitely take the time to listen! Before we get to the show, thank you again to everyone who has subscribed in iTunes to help make us one of the top business podcasts in all of iTunes! We’re up to 129 5-Star Reviews so far! Every subscription in iTunes and every review helps us reach more people – so thank you! In Today’s Hard Money Podcast, We Cover: What hard money is, when to use it, and when NOT to use it. Why Rehab properties in rural areas is a bad idea… Exit strategies and the new Real Estate Mini Bubble. Typical hard money rates and fees – and how you can lower them. Ann’s (and Brandon’s) first mistakes with Hard Money. The best place to find Hard Money Lenders (hint: try here) How to get your hard money loan proposals accepted every time. Which comes first: finding the hard money lender or the deal? Starting a local ethical real estate club to build your brand. How to become a Hard Money Lender. And much, much more! Links From the Hard Money Show: The Ultimate Beginner’s Guide to Real Estate Investing BiggerPockets Forum Keyword Alerts The BiggerPockets Hard Money Directory Ann’s Company Website: BuyNowHardMoney.com Ann’s Real Estate Club: Black Diamond Real Estate Investors Books Mentioned in the Show Real Estate Investments and How to Make Them my Milt Tanzer The Four Hour Workweek by Tim Ferriss Tweetable Topics: “The first and most important exit strategy is having one.” (Tweet This!) “Hard money is not a mafia guy with a baseball bat – it’s a tool for growing your business.” (Tweet This!) “If hard money makes a deal unprofitable – you shouldn’t be doing the deal.” (Tweet This!) “Don’t misrepresent yourself. It’s okay to be new at something… just say so!” (Tweet This!) “In this day and age – you need to be able to communicate electronically.” (Tweet This!) “Both persistence and the ability to adapt are required for success.” (Tweet This) About Ann Ann Bellamy is a real estate investor and Hard Money Lender in Southern New Hampshire, and has been involved in the leadership of several real estate investing groups in Massachusetts and New Hampshire. She provides short term and construction funding, or hard money loans, to real estate investors in these states and networks extensively in MA and NH with investors of all types. Ann’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Being a Landlord can often be challenging, expensive, and stressful. So, today on the BiggerPockets Podcast we are speaking with Al Williamson, an active BiggerPockets member and inner-city landlord who has decades of experience dealing with tenants in both multifamily and single family rentals. Al is a pro at reducing expenses, increasing income, and dealing with difficult landlording situations – which is why we wanted to sit down with Al today. Before we get to the show, thank you again to everyone who has subscribed in iTunes to help make us one of the top business podcasts in all of iTunes! We’re up to 117 5-Star Reviews so far! Every subscription in iTunes and every review helps us reach more people – so thank you! Read the transcript of episode 08 with Al Williamson here. In Today’s Podcast, We Cover: How Al used a 1031-Exchange to “Trade-Up” to a larger property. Tips for living in a small multifamily and living with tenants. How to avoid being a slumlord in rough areas. Why simply picking up trash can transform your investing. The power of “Patient Equity.” Al’s goal of Not being dependent on the tenants’ rent to pay the bills. Ideas for both increasing income and cutting expenses. Al’s plan to revolutionize income for multifamily properties. How Al used a very small syndication to buy a rental property The biggest challenges for an up-and-coming landlord. What the “Landlord Lid” is – and how to overcome it. How to Invest in Real Estate when you have a full time job AND a busy family life at home Links From the Show: [Video] How I Quickly Analyze an Investment Property The BiggerPockets Blog The BiggerPockets Forum Al’s BiggerPockets Member Blog 1031-Exchange Resources KickStarter.com BP Podcast Show 3 with Brian Burke The National Night Out Insanity P90X Books Mentioned in the Show Rich Dad Poor Dad The 36 Hour Real Estate Investing Course John Maxwell Al’s Book The Catalytic Landlord – on Kindle Serious Creativity by Edward De Bono Tweetable Topics: “Landlord tip for improving the neighborhood: Go and meet the neighbors!” (Tweet This!) “Often times things go unresolved because no one is operating as a leader. Are you?” (Tweet This!) “Spend time getting really good with your first investment before branching out.” (Tweet This!) “Sometimes you have to pay your ‘learning tuition’ and lose money when you take risks.” (Tweet This!) “Your real estate investment should be a physical representation of you.” (Tweet This!) “Why are you building wealth? The most successful leaders KNOW this answer.” (Tweet This!) About Al AL Williamson is Civil Engineer and landlord from the Sacramento, California area. Al has invested in real estate since 1996, focusing mostly on multifamily properties in urban areas. Al’s BiggerPockets Profile Al’s G+ and Facebook Al’s Blog: LeadingLandlord.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the BiggerPockets Podcast we sit down with Ryan Lundquist, a professional real estate appraiser in the Sacramento area. An appraiser is one of the most important professionals that you, as an investor, are likely to deal with over and over in your business. Furthermore, knowing how to deal with an appraisal, especially when it comes in too low, is a skill that can help any investor. Keeping with the “actionable content” approach that BiggerPockets is known for, this podcast will help you improve your investing by pulling back the curtain on the appraisal industry through our discussion with Ryan. Thank you to everyone who has subscribed in iTunes to help make us one of the top business podcasts in all of iTunes! Every subscription and every review helps us reach more people – so thank you! In Today’s Podcast, We Cover: How you can determine what a property is worth. When you should, and shouldn’t, use Zillow or other AVMs. How to challenge a bad appraisal. What to do when sales prices are higher than the appraiser will go. Dealing with the Hedge Funds in the market. Tips for getting your appraisal amounts higher by bringing your own comps. Dealing with FHA loans in your investments … and the dreaded FHA Appraisals. The most common property condition problems an appraiser is going to ping you on. How to deal with lead based paint in your investments. Links From the Show: Ryan’s Recent BiggerPockets Blog post: How to Challenge a Low Appraisal BP Podcast 004: Commercial Real Estate Investing With Frank Gallinelli How Legos Can Help us Understand Real Estate What Legos Can Teach us About Real Estate Part II Appraisal Woes – BiggerPockets Forum Discussion The BiggerPockets FHA Home Inspection Checklist FHA Lead In Your Home: A Parents Reference Guide Tweetable Topics: “The first step in discovering your property value is defining your location.” (Tweet This!) “Why not be proactive instead of reactive?” (Tweet This!) “In business, go in as a bridge builder, not a name caller.” (Tweet This!) “Investors: Get to know an appraiser – take them out to lunch, build that relationship.” (Tweet This!) “Understand your market at the same level that your appraiser does.” (Tweet This!) About Ryan Ryan Lundquist is a certified residential real estate appraiser based in Sacramento, CA. He provides appraisals and valuation consulting for a variety of clients including CPAs, attorneys, investors, home owners and lenders. Ryan is an avid blogger, bike rider, optimistic doer and family man with two sons. Ryan’s BiggerPockets Profile Ryan’s Company Website: SacramentoAppraisalBlog.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Investing in real estate while holding a full time job may not always get the most discussion in the real estate investing world – but there are thousands (if not millions) of investors who do just that. On today’s episode of the BiggerPockets Podcast, we sit down with Arthur Garcia, a busy part-time investor who has massed an impressive collection of rental properties while holding a full time job. This show is filled with a ton of really great tips to help any investor – large or small – be more efficient with their investing time. In addition – this was probably the most humorous show to date! Before we jump into it – we want to once again thank everyone for subscribing to our show in iTunes and leaving us a review. We are up to 99 Five Star reviews and over 25,000 downloads! Thank you to everyone! Read the transcript of Episode 6 with Arthur Garcia here. In Today’s Podcast, We Cover: How to invest when prices are too high in your area. How to get started with “buy and hold” investing when you don’t have much money or time. How to use use “cost to rebuild” to predict the future of your market. Why Arthur and his wife sold their primary residence to live in an apartment while buying rental property. The “super creative way” to find flexible lenders. How to find “Portfolio loans.” A great way to legally get around the “10 loan” limit for mortgages. Why investing while holding a job gives you an advantage. Tips for finding a great property manager. The story of a topless 90 year old woman that finally convinced Arthur to hire a property manager. Tweetable Topics: “You can’t save your way to serious wealth in retirement.” Tweet This Quote! “That first rental check fueled my addiction for real estate investing.” Tweet This Quote “Do everything you can to take advantage of the downturn in the market” Tweet This Quote! “You gotta draw a line in the sand and place your bet on where you think the market is going to go.” Tweet This Quote! “To invest in real estate while holding a full time job – you need to find ways to build systems.” Tweet This Quote “What makes the top performers stand out? The Art of the Side Hustle” Tweet This Quote! Links from the Show: BiggerPockets Summit – Conference 2012 Steve Landis Michael Zuber P90X Insanity Books Mentioned in the Show: The BiggerPockets Ultimate Beginner’s Guide to Real Estate Investing The E-Myth by Michael Gerber Rich Dad Poor Dad by Robert Kiyosaki How I Turned $1,000 into Three Million in Real Estate in My Spare Time – by William T Nickerson How to Win at the Sport of Business by Mark Cuban About Arthur Garcia Arthur Garcia is a buy and hold investor in Southern California who is buying up dozens of homes while working a full time job. Arthur acquires properties using a combination of hard money, HELOCs, partnerships and private investors. You can find out more about Arthur at: Arthur’s BiggerPockets Profile Arthur’s Blog – The Buy and Hold Guys.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Planning for death is not a topic a lot of people want to talk about. However, the discussion shouldn’t be avoided because it’s important that we prepare for the sake of our spouses, our children, our relatives, and our close friends. Today on the BiggerPockets Podcast we are talking with Neal Frankle, a Certified Financial Planner with unique insight into the financial side of death. This fascinating discussion will help you look at your death (and near-death) in a different way and give you the tools you need to move forward with the planning of your finances. This interview, like all of our BiggerPockets Podcasts, is full of real-world, actionable content without all the hype. As of today, we are up to 85 Five Star Reviews for the show! If you haven’t yet left us a review and want to help us build our audience, please click here to leave a review in your iTunes player. It also helps us out when you “subscribe” to the podcast in either your iTunes player or on your iPhone. Read the transcript of Episode 5 with Neal Frankle here. In This Week’s Podcast We’ll Explore: How Neal lost both parents before 18 years old and how that experience helped make him smarter financially. A unique technique for helping your spouse carry on your business after you die. How to plan for the sale of your business or your properties after you bite the dust. The benefit of real estate over retail businesses for succession planning. Why a trust is a terrific tool for every real estate investor. What a “Probate” is and how to avoid it with your future estate. Why you DON’T want a typical “Will” – and the one type of will you do need. The true purpose of life insurance… and which one is “evil.” How much insurance you really need. The best advice for investors looking to take control of their financial future. Links from the Show Neal’s Website: WealthPilgrim.com Neal’s BiggerPockets Profile Probate – A Primer on Probate Tweetable Topics “When it comes to your personal finances — put your big boy pants on, grow up, and do what’s required.” Tweet This! “Most people don’t “get” that one day – they are going to be gone.” Tweet This! “If you can make your business run without you, it becomes becomes all the more powerful and profitable.” Tweet This! “Everyone dies prematurely.” Tweet This! “The two types of life insurance: good and evil.” Tweet This! “Always have a mentor or accountability partner to bounce ideas off of.” Tweet This! “There is no such thing as impossible – just ‘I don’t wanna do it.'” Tweet This! Books Mentioned in the Podcast Money Academy for Couples by Neal Frankle The Total Money Makeover by Dave Ramsey E-Myth by Michael Gerber About Neal Neal Frankle is a Certified Financial Planner in Los Angeles with over 25 years experience. Neal teaches others how to plan for their financial future at WealthPilgrim.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Commercial real estate is a powerful way to build and sustain wealth – yet is often feared or misunderstood by real estate investors. Luckily, on today’s podcast, we are excited to have a man who’s professional life is dedicated to teaching investors the ins and outs of commercial real estate investing, Frank Gallinelli. Frank is a best selling author, business owner, and real estate professor who definitely knows his stuff. This interview contains some powerful key metrics, data, and tools you’ll need if you ever plan on investing in anything more than a single family home. This interview, like all of our BiggerPockets Podcasts, is full of real-world, actionable content without all the hype. In This Week’s Podcast We’ll Explore: Why investors shouldn’t necessarily start with residential. When “Location, Location, Location” isn’t the most important. How to use “cap rates” with commercial properties. What a Triple Net Lease is and why it matters. How to use partners to finance investment properties. Lowering your tax assessment by challenging an assessor. Why chasing the “hot market” isn’t the way to build wealth. Why every commercial property is for sale Links from the Show RealData.com Frank’s LinkedIn Account Frank’s BiggerPockets Profile RealData.com BiggerPockets Company Profile BiggerPockets Summit Definitions: Equity Partner Cap Rate Net Operating Income Triple Net Lease Tweetable Topics “When choosing your real estate path, there’s not a “right” answer – but a “best answer” for each person” Tweet This! “You don’t buy an income property cause it’s pretty; you buy it because it makes money.” Tweet This! “There are no absolutes in anything – especially real estate.” Tweet This! “As a real estate investor, become an expert in your local area.” Tweet This! “Know the vocabulary of your business.” Tweet This! “There is no substitute for Due Diligence.” Tweet This! Books Mentioned in the Podcast The Big Short: Inside the Doomsday Machine by Michael Lewis Mastering Real Estate Investment: Examples, Metrics And Case Studies by Frank Gallinelli What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli Insider Secrets to Financing Your Real Estate Investments: What Every Real Estate Investor Needs to Know About Finding and Financing Your Next Deal by Frank Gallinelli 10 Commandments for Real Estate Investors by Frank Gallinelli – Download It Free! About Frank Frank Gallinelli is a best selling author and the President of RealData Inc, a software firm serving real estate investors and developers since 1982. Frank’s company is designed to help income-property investors analyze investment properties, structure partnerships, and produce presentations to buyers, sellers, lenders and equity partners. Learn more about your ad choices. Visit megaphone.fm/adchoices

In today’s show we talk with Brian Burke, a house flipper and real estate investor from Northern California with a fantastic story and fascinating business model. Two days ago, Brian wrote a wildly popular article on the BiggerPockets Blog titled, “Anatomy of the Grand Slam: How I Made $800,000 on One Flip” where he talked about flipping a large apartment complex using a combination of hard money and private capital he raised. In today’s Podcast, we’re going to look more in-depth at how Brian got started, the strategies he uses to flip over 100 houses per year, and how you can use the same techniques that he does to raise money for your next real estate deal. Last week, the BiggerPockets Podcast reached #6 on the Top Business Podcasts in all of iTunes. This is an enormous honor and we want to just take a minute to thank everyone who has taken time to listen on iTunes or leave a review. As of today, we are up to 49 Five Star Reviews. If you haven’t yet left us a review and want to help us out, please click here to leave a review in your iTunes player. Read the transcript for Episode 3 with Brian Burke here. In This Week’s Podcast We’ll Explore: How Brian started with no money, no experience, and without rich friends How losing money on early deals helped grow Brian’s business Investing in real estate when you look 15 years old. Why dealing with sellers is Brian’s least favorite strategy for real estate investing Brian, Brandon, and Josh’s differing opinions on using credit cards to finance real estate Why raising private capital is one of the most important jobs for an investor Three tips for raising private capital Why Richard Branson gets in a hot air balloon and sails around the world. How Brian funds dozens of real estate flips per month Using property managers to get you inside information The one piece of advice new investors can’t survive without. Using partners to invest in real estate Links from the Show Reg D Offering I.R.R. (Internal Rate of Return) The Anatomy of the Grand Slam Flip The BiggerPockets Radio Podcast 001 – Building a Successful House Flipping Business and Losing Millions with Marty Boardman BiggerPockets Facebook Page Tweetable Topics “If you don’t screw up – you don’t learn.”(Tweet This!) “They won’t say yes if you don’t ask.”(Tweet This!) “Sometimes failure is your biggest boost.”(Tweet This!) “Whether it’s Harvard, Yale, or on the streets of real estate school – every lesson costs you money.”(Tweet This!) “Sell yourself… the more track records your build, the easier you can raise capital.”(Tweet This!) “If you want to change your situation, change your vocabulary.”(Tweet This!) “A lot of this business is sounding like you’re smart – but you’ve gotta back it up.”(Tweet This!) “If you don’t love your work – you’ll never make it to the next level.”(Tweet This!) Books Mentioned in the Podcast Rich Dad Poor Dad Real Leaders Don’t Do PowerPoint David Lindahl Books Art of the Deal – Donald Trump Art of the Comeback – Donald Trump Think and Grow Rich – Napoleon Hill About Brian Brian Burke is co-founder and Managing Director of Praxis Capital, LLC, a real estate private equity investment firm created to provide high rates of return to his investors while tactically managing risk. He has been a real estate entrepreneur since 1989, and has purchased over 500 properties valued at over $150 million, primarily from foreclosure. Brian’s BiggerPockets Profile Brian’s Company Website: Praxcap.com Learn more about your ad choices. Visit megaphone.fm/adchoices