BiggerPockets Real Estate Podcast

By BiggerPockets

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Subscribers: 3830
Reviews: 7


 Sep 13, 2020

Shawn
 Apr 25, 2020
Great podcast about real estates

Aaron
 Jan 17, 2019
Great information on real estate investing. They get guests who have had success in real estate investing. interesting guests from a variety of backgrounds.


 Nov 23, 2018

A Podcast Republic user
 Sep 16, 2018

Description

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers.

Co-hosted by Brandon Turner, David Greene, and BiggerPockets founder Joshua Dorkin, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people.

Start listening and join the 1.3 million members who are learning to invest! Visit biggerpockets.com, and follow us on Instagram (@biggerpockets, @beardybrandon, @davidgreene24, @jrdorkin) and Twitter (@BiggerPockets, @BrandonAtBP, @DavidGreene24, and @jrdorkin).


Episode Date
523: Meet Max Maxwell: Broke at 30, Millionaire at 33 | 'Takeover' Ep w Nasar
00:48:02

You wouldn’t know how far Max Maxwell has come at first glance. Looking at his Instagram, you’ll see private planes, a wealth of knowledge on real estate, and seriously shiny Rolexes. Not many people know that only a number of years ago, Max was broke, without enough money to fill up his car with gas, and sleeping at his mom’s house after ten years of failed businesses.

Max tried everything from running a property management company, to marketing, to managing a restaurant, and many other ventures. None of them truly stuck, causing Max to go from state to state, trying to find a successful business model that would make him wealthy.

Now, Max is well known as a master in wholesaling, rental property investing, and philanthropy. He has always made an effort to help those in need and even went to Ghana with today’s host, Nasar El Arabi. These North Carolinian investors have truly gone from rags to riches and have been able to find meaningful, lasting success through real estate investing.

In This Episode We Cover:

How to get your start in real estate investing without any money 

Finding yourself at the bottom and pushing yourself up to the top

Finding, skip tracing, and marketing your first deal as a wholesaler 

The “conveyor belt” system of off-market deal-finding

Why every great real estate investor MUST be able to spot good deals

Jumping into a new niche, even as an experienced real estate investor

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Youtube Channel

Brandon Turner's Instagram

David Greene's Instagram

BiggerPockets Podcast 522: From “No Comma Paychecks” to 7-Figures Using These 5 Skills w/ Nasar El Arabi

GQ Magazine

Vogue Magazine

Barnes & Noble

REISkip

REIRail

BiggerPockets Conference

BiggerPockets Pro Membership

Real Estate Doru's Instagram

Real Estate Doru's Website

Real Estate Doru's Youtube Channel

Check the full show notes here: https://biggerpockets.com/show523

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Oct 26, 2021
522: From “No Comma Paychecks” to 7-Figures Using These 5 Skills w/ Nasar El Arabi
01:05:55

Nasar El-Arabi is a self-proclaimed “failure” when it comes to being employed. He wasn’t cut out for the banking industry, the call center, or the classroom. Some people aren’t meant to be employed, and Nasar was one of them. As soon as he was able to get his start in real estate investing, he realized that this was a path that could help him succeed, all while challenging him in ways the W2 world didn’t.

Nasar has been wholesaling, flipping, and landlording for over a decade. He has amassed a seven-figure net worth, due to his sweat, grind, and problem-solving. Nasar has put together his list of the five most important traits of any successful real estate investor. These traits aren’t what you’d hear at corporate, and they require those who are interested in investing to put in the time, energy, and creativity to thrive.

If you’re interested not only in real estate investing, but becoming a full-time investor doing what you love, make sure you pay careful attention to Nasar’s advice. While these aren’t traits you can simply switch on or off overnight, they are things that you can develop over the years you are investing, which can help you build wealthreach financial freedom, and give you the life you’ve dreamed of.

In This Episode We Cover:

How to invest in real estate while making a median income 

Diversifying your portfolio so you have multiple exit strategies and streams of income

Why every investor needs to “become a rookie all over again

Using creative financing to structure deals that benefit the buyer and seller

Leveraging partnerships to find cash, divvy up responsibilities, and purchase more real estate

Owning a business and learning the skills that every leader needs to succeed

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Youtube Channel

BiggerPockets Publishing

BiggerPockets Bookstore

Brandon's Instagram

David’s Instagram

BiggerPockets Podcast 116: How to Quit Your Job Through Wholesaling, Flipping, and Taking Action with Nasar Elarabi

BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming

BiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal Newport

Click here to check the full show notes: https://www.biggerpockets.com/show522

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Oct 24, 2021
521: Leukemia & Bankruptcy to Retired with 250 Units in 7 Years
01:06:37

People often tell each other to stay positive” in light of grim circumstances or hard times. This consistent positivity can feel forced when going through something truly terrifying, but it’s exactly what helped Jeffrey Holst fight cancer, get out of bankruptcy, and retire in only seven years. Once Jeffrey committed to having no bad days, he was able to either change his day that was going poorly or see the positive in everything around him.

This philosophy helped him spur on new relationships, find new partners, and close on deals creatively. It was never “we can’t close on this” for Jeffrey, it was “how can we close on this.” He uses what he likes to call the “sideways eight” strategy that allows him to have infinite returns when investing, all while giving his partners and private lenders a sizable profit.

Jeffrey also talks about seeing the positive attributes of negative situations, and how he was able to leave his job as a lawyer and hit financial freedom due to his cancer diagnosis and later bankruptcy. If Jeffrey was able to dominate the multifamily market with an underwater net worth, think of what YOU can accomplish in the world of real estate investing!

In This Episode We Cover:

Buying properties without credit, money, or experience 

Creative financing strategies that allow you take tackle bigger and better deals

Fighting cancer and using hard times to fuel your success 

Managing a portfolio of two-hundred and fifty units

The “last life philosophy” and how it gives you a clear path to victory 

Syndicating on a small scale to close multi-million dollar deals

Analyzing your market as a "boots on the ground" investor

And So Much More!

Links from the Show:

Carlton Sheets Real Estate Course Infomercial

Matt Faircloth's BiggerPockets profile

Tony Robbins' Website

Hal Elrod's Website

Four Reasons to Invest in Real Estate episode on the Old Fashioned Real Estate Show hosted by Brian Levredge and Jeffrey Holst

Feras Moussa of Disrupt Equity

BiggerPockets Podcast 488: From 4 Units to 2,000 and Why Large Multifamily “Isn’t So Scary

Whitney Sewell of Life Bridge Capital

GoBundance

BiggerPockets Podcast 004: Commercial Real Estate Investing With Frank Gallinelli

BiggerPockets Radio Podcast 002: Starting Out with Karen Rittenhouse – Subject To, Direct Mail, and Investing from a Woman’s Perspective

Generational Wealth with Dr. Tony Pennells episode on the Last Life Ever Podcast

Akamai Coffee Website

Mike Tyson's Website

Arnold Schwarzenegger's Website

Shaquille O'Neal's Profile

Richard Branson of the Virgin Group

Check the full show notes here: https://biggerpockets.com/show521

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Oct 21, 2021
520: $47k/Month in Rent, 0 Doors Owned | Rookie Takeover w/ Rafael Loza
00:49:23

The hosts look and sound a little different today. There are no beards and we haven’t heard one metaphor containing jiu-jitsu lingo... That’s because Ashley Kehr and Tony Robinson, hosts of the Real Estate Rookie Podcast have taken over the BiggerPockets Real Estate Podcast! Ashley and Tony regularly talk about how rookies can get their first (or next) deal, but today they’re combining expertise to talk about something more controversial: rental arbitrage.

Rental arbitrage is a form of subletting that allows long-term tenants to make massive cash flow off of short-term rentals. Someone who’s done this to an extreme is Rafael Loza. Rafael was working the night shift as his W2 job when he found out about short-term rental arbitrage. He sat on the idea for a few months, but ultimately tried out the concept on an apartment. This one apartment took home a massive profit, allowing him to quit his job and scale to fourteen units in just nine months.

Now, Rafael has twenty-four active units, all grossing thousands of dollars a month in rent for him. Back in March of 2020, Rafael was projected to bring in forty-seven thousand dollars in revenue in one month alone. But, the pandemic hit, forcing him to pivot, switch strategies, and take advantage of the flourishing short-term rental market. He has his sights set on ownership, but now he’s simply raking in the short-term stacks.

In This Episode We Cover:

Rental arbitrage and why it’s a low-cost way to get into real estate investing

Short-term cash flow vs long-term appreciation and combining the two

The startup costs it takes to create an arbitrage empire

How to pitch landlords on using their properties for short-term rentals

Negotiating leases and adding a subletting clause to any lease you undertake

Pivoting when your business hits a wall and combing back stronger

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Youtube Channel

Brandon Turner's Instagram

Tony's Instagram

Ashley’s Instagram

Real Estate Rookie Youtube Channel

Airbnb

Vrbo

The Real Estate Rookie Podcast

Clubhouse

Check the full show notes here: https://biggerpockets.com/show520

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Oct 19, 2021
519: 5 Keys to Becoming a Millionaire on Less Than $100k Per Year
01:16:11

You may know Ashley Kehr from the Real Estate Rookie Podcast, but you may not know that only a short time ago she was a rookie herself. Ashley started as a property manager for a local investor and slowly made her way from owning one property to owning thirty-three long-term rentals, a short-term arbitrage property, two commercial units, and one mobile home park. Quite a diverse portfolio!

What makes this even more impressive is that Ashley wasn’t coming into real estate with boatloads of cash. In fact, she and her husband have never collectively made more than six figures from their W2 jobs. So how does someone with a median income generate such a massive amount of cash flow, appreciation, and time freedom?

Ashley discusses the five fundamentals of real estate investing that led her to seven-figure net worth. These fundamentals can be used by anyone, at any stage in real estate investing, no matter their experience level. If you’re ready to supercharge your investing and go from rookie to rockstar, commit to the game plan Ashley has laid out!

In This Episode We Cover:

How to invest in real estate while making a median income 

Diversifying your portfolio so you have multiple exit strategies and streams of income

Why every investor needs to “become a rookie all over again

Using creative financing to structure deals that benefit the buyer and seller

Leveraging partnerships to find cash, divvy up responsibilities, and purchase more real estate

Owning a business and learning the skills that every leader needs to succeed

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Youtube Channel

BiggerPockets Publishing

BiggerPockets Bookstore

Real Estate Rookie Youtube Channel

Real Estate Rookie FaceBook Group

BiggerPockets Rookie Podcast

Tony's Instagram

Brandon's Instagram

David’s Instagram

Real Estate Rookie Bootcamp

BiggerPockets Podcast 348: Full-Time Job, Full-Time Mom, and Full-Time Wealth From Rentals with Ashley Kehr

BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming

Click here to check the full show notes: https://www.biggerpockets.com/show519


See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Oct 17, 2021
518: The Biggest Takeaways from BPCon 2021 | Live Host Panel from NOLA
01:28:15

Marching along Bourbon Street last week was a parade with some of the best real estate investors in the world, celebrating another successful BPCon, ready to take on the world. Throughout the past week, attendees of the conference heard from world-class business leaders, investors, and authors, learning about everything from running a business to short-term rental markets, to self-storage, and more.

On this live episode, your hosts, Brandon and David, are joined by Scott Trench, host of the BiggerPockets Money Podcast, Ashley Kehr and Tony Robinson, hosts of the Real Estate Rookie Podcast, and Liz Faircloth and Andresa Guidelli, hosts of The Real Estate InvestHER Podcast, plus special guest Esther, who has a widely impressive portfolio herself.

You’ll hear the hosts talk about topics like how to connect with fellow investors, future trends influencing the real estate market, what’s working today (and what isn’t), plus a live version of the Famous Four and Fire Round.

If you weren’t able to make it to this year's BPCon, plug into this episode and get on the waiting list for next year!

In This Episode We Cover:

What’s ‘firing up’ the hosts of the BiggerPockets Podcast Network?

What investors can do in today’s market to ensure wealth tomorrow

Future trends that allow investors to profitably pivot

How BPCon helps connect investors, reshape ideas, and build wealth

How to vet partners before you go in on a deal with them

The top characteristics that contribute to your success as an investor 

Why you should definitely be at BPCon 2022 

And So Much More!

Links from the Show:

NPR (National Public Radio)

Kevin Leahy's BiggerPockets Profile

Mark Ferguson's InvestFourMore

Wendy Papasan's LinkedIn Profile

Noah Evans's LinkedIn Profile

Rickey Rodriguez's BiggerPockets Profile

Your First Real Estate Investment Podcast: How to Recover from the Great Recession and Leverage Creative Financing to Fund Your First Deal

Joe Asamoah's BiggerPockets Author Profile

AJ Osborne's Personal Website

Steve Rozenberg's BiggerPockets Profile

InvestHer's Partnership Question Guide

Meetup

Hal Elrod's Personal Website

Dave Ramsey's Personal Website

Cashflow The Board Game

Matt Faircloth's BiggerPockets Author Profile

BiggerPockets Calculators

The Real Estate InvestHER Community


Check the full show notes here: https://biggerpockets.com/show518

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Oct 14, 2021
517: 5 Pitfalls When Buying These “Crazy Cash Flow” Properties
01:06:23

Avery Carl is the go-to contact for short-term rental investing. Her business, The Short Term Shop and The Mortgage Shop not only helps find properties and secure loans for prospective short-term rental investors but also helps guide investors through their first vacation property purchase. While this type of property can be a cash flow king, it also takes more management and a bit more time upfront to get the system oiled and operating smoothly.

Since we last talked to Avery, she’s quadrupled her portfolio from twenty-something short-term units to ninety-six units, sixty-one of which are large multifamily properties. Avery gives an in-depth analysis on why short-term rentals should hold a place in every investor's asset collection, and the common pitfalls investors go through when purchasing their first short-term rental.

If you’d like to learn more about building wealth through short-term rental investing, grab Avery’s brand new book Short-Term Rental, Long-Term Wealth!

In This Episode We Cover:

Why having short-term rentals can help real estate investors mitigate risk

How Avery added over seventy more doors to her portfolio in under two years

The wrong vs. the right questions to ask when buying a short-term rental

The five things people need to avoid when making their first STR purchase

Why you may want to “bear-proof” your next cabin in the woods

Not being afraid to ask questions when investing

Why you should buy Avery’s new book Short-Term Rental, Long-Term Wealth

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Youtube Channel

BiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl

BiggerPockets Publishing

BiggerPockets Bookstore

AirDNA

PriceLabs

Airbnb

Vrbo

Facebook Marketplace

Turo

Realtor.com

Vacasa

Craigslist

Amazon

Check the full show notes here: https://biggerpockets.com/show517

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Oct 12, 2021
516: Are You an Asset or Liability to Those in Your Life? w/ Earn Your Leisure
01:08:23

Everyone knows that financial education is one of the most crucial things to teach children at a young age. It doesn't just set them up to be wealthy, but it gives them the tools to be confident, choose delayed gratification, and hopefully, impact another young person’s life one day. This is understood wholeheartedly by Rashad Bilal and Troy Millings, former financial advisor and school teacher.

What had started as a small classroom experiment in teaching children financial literacy turned into a media empire. Rashad and Troy shared their class teachings online, which pushed them to create a course for the kids, and later into the Earn Your Leisure podcast, where they talk about everything ranging from high-value financial concepts to sports to entertainment and more.

What keeps Rashad and Troy going is knowing that their work is allowing thousands of people to improve their life situations, whether children or adults. The duo not only talks extensively about the difference between financial assets and liabilities but about relationship assets and liabilities. This helps answer the question: who’s helping bring you up and who’s trying to keep you down?

In This Episode We Cover:

The importance of spurring on financial literacy for young kids 

How to teach your children about money and examples you can use

The role that playing sports had in Rashad and Troy’s lives

Assets over liabilities and why you need to invest in relationship assets as well

Stocks, ETFs, multifamily, and cryptocurrency investments

Staying committed to your goals and following through

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Youtube Channel

BiggerPockets Conference 2021

BiggerPockets Agents Finder

BiggerPockets Insights

EYL Episode #63 Money Machine by Earn Your Leisure

Airbnb

Brandon's Instagram

David’s Instagram

OpenDoor Capital

Click here to check the full show notes: https://www.biggerpockets.com/show516

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Oct 10, 2021
515: Your Step-by-Step Guide to Buying Out-of-State Investment Properties
01:08:57

It’s not uncommon for investors to start out by buying properties in their home markets. It makes things like neighborhood research, rehabs, and tenant showings so much easier when you’re only a short drive away from your property. That’s how Dave Meyer, VP of Data and Analytics right here at BiggerPockets, feels.

Dave is currently living in Europe and has invested exclusively in Denver, where he used to call home. Now, as an entirely remote landlord, he’s seen the data on how many markets (like Tampa, Florida) are doing phenomenally for appreciation and rent increases. David Greene, out-of-state investor and the man who literally wrote the book on long-distance real estate investing is here to offer some much-needed council.

With David having the experience as an agent and out-of-state investor and Dave having robust housing data at his disposal, the two come up with some clear plans to invest in up-and-coming markets. David and Dave talk about cash flow, appreciation, wage growth, the investing “spectrum”, and why so many real estate investors aren’t planning far enough ahead.

In This Episode We Cover:

Cash flow vs. appreciation and which one matters most to you

Developing your investment strategy and picking markets where it works

Balancing the benefits of real estate investing and the investing “spectrum”

What makes a market appreciate and cause rents to rise?

What to do once you’ve found a great market to invest in

Questions you should ask every out-of-state agent and property manager

Where Dave and David are both looking to invest

And So Much More!

Links from the Show

BiggerPockets Youtube Channel

BiggerPockets Conference 2021

BiggerPockets Agents Finder

BiggerPockets Insights

BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone

BiggerPockets Podcast 250: Grant Cardone on Multifamily Investing and Why You Should Never Buy a House!

Zillow

Check the full show notes here: https://biggerpockets.com/show515

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Oct 07, 2021
514: BiggerNews, October: How Small Landlords Can Beat the Hedge Funds
01:10:34

Once the housing market started to slide in 2007, smart investors began buying, and waiting, for rock-bottom prices to kick in. Investors were buying homes in some of the best markets for dimes on the dollar, and have seen massive profits whether keeping them as buy-and-hold rentals, BRRRR deals, or flips. While small investors started buying a couple of houses a year, institutional investors were doing far, far more.

Private equity funds, along with REITs and hedge funds knew that foreclosed homes were a steal, and their economies of scale made it even easier to turn these financially mismanaged properties into appreciation and cash flow kings. As institutional investors began fixing up these homes, listing them for rent, and later selling them, the entire market moved in an upward direction. Now, first-time homebuyers are competing with these economic powerhouses to lock down their first primary residence or rental property.

A man who has been covering this topic for years is The Wall Street Journal's, Ryan Dezember. Ryan has a keen understanding of what influences the housing market as a whole, why institutional investors are making the moves they are, and what this means for small mom-and-pop landlords. Dave Meyer also joins David Greene on this episode to discuss the ways small landlords can beat Wall Street at their own game.

In This Episode We Cover:

Why home prices dropped to the lowest point in 2011

How the pandemic gave institutional investors more buying power

Who are the “wall street buyers” that are buying thousands of single-family homes?

Why you should “find the tenant” before finding your next property

The “carbon monoxide” of investing that most investors aren't paying attention to

How institutional investors use economies of scale to rapidly rehab homes

What small investors can do to beat institutional investors at the closing table

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Youtube Channel

BiggerPockets Conference 2021

Blackstone

Zillow

Redfin

BiggerPockets Insights

BiggerPockets Show 515

Check the full show notes here: https://biggerpockets.com/show514

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Oct 05, 2021
513: Seeing Greene: BRRRR 101 - Loans, Deals, & Cash Flow
00:58:15

Welcome back to another episode of Seeing Greene with BiggerPockets Podcast host, top real estate agent, and BRRRR master himself, David Greene. Today’s episode touches on many topics that relate to the BRRRR strategy, ranging from financingrehabbingcalculating cash flow, and where to find deals.

Since the BRRRR method is such a popular strategy among real estate investors, we thought it best to have an episode that touches on so many aspects of the BRRRR strategy itself. Not only has David written the book on BRRRR investing, but he also continues to do BRRRR investing in his real estate career. This strategy is not only one of the best ways to get into real estate with low (or no) money down, it’s also a method that works on building generational wealth for you in the background.

Have a question you want David to answer on the next Seeing Greene episode? Submit your video submission at Biggerpockets.com/david.

In This Episode We Cover:

Whether you should refinance a BRRRR in your personal name or an LLC

Using agents or wholesalers to find your next BRRRR property

Why some markets simply won’t cash flow (and why that isn’t necessarily a bad thing)

The minimum cash flow requirements for a multifamily property

Hard money loans vs construction loans when performing a BRRRR

How to get financing when your property is not a traditional rental or commercial building

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Youtube Channel

BiggerPockets Rental Property Calculator

BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions

BiggerPockets Podcast 487: 10 Common Real Estate Investing Questions Answered by David Greene

BiggerPockets Podcast 473: Quitting the Police Force, Wholesaling, & Buying Notes with David Greene\

Submit Your Questions to David Greene

Click here to check the full show notes: https://www.biggerpockets.com/show513

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Oct 03, 2021
512: From Losing $150k at the Blackjack Table to 7-Figure Profits in Real Estate
01:08:03

Back in 2004, Jude Bernard was sitting at a blackjack table in Vegas. This wasn’t his first game of the day, nor his second, or even his third. Jude had been sitting at that blackjack table for thirty hours straight. When the final game ended, he walked away, $150,000 poorer than he started. Jude then found the closest tattoo parlor, walked in, and got the phrase “never again” tattooed on his hand as a testament to his mistake.

Now, Jude runs a rental and flipping empire, settling for no less than seven-figure profits on his fix and flips. He also runs The Brooklyn Bank, a non-profit designed to help economically empower people of color in New York City. Through his earlier gambling mistakes, Jude realized that no matter what, the “house” always wins. So, he searched for a way that he could become the “house” in his environment, and the best way was through real estate investing.

Jude has built a very strong foundation for his real estate investing through taking calculated risks, nurturing his relationships, and letting his fears fuel his fire.

Jude is currently raising money to help the people of Haiti through their most recent natural disaster. Brandon and David have both pledged $5,000 each. To help out, even more, Brandon wants all listeners to know that If you donate $5,000 to The Brooklyn Bank organization, Brandon will host you in Maui! For full details please contact Matt@odcfund.com.

In This Episode We Cover:

Purchasing properties in very expensive markets (like New York City)

Building relationships with everyone you talk to, funneling more deals into your pipeline 

Making sure every deal has a seven-figure upside (seriously!)

Using your greatest fears to propel you to the next level 

Gambling addiction and the message behind why the “house” always wins

How the Brooklyn Bank is helping build a pathway out of poverty 

How you can spend a week with Brandon and help support a great cause

And So Much More!

Links from the Show:

BiggerPockets Podcast 512: From Losing $150k at the Blackjack Table to 7-Figure Profits in Real Estate

BiggerPockets Podcast 455: Mixtapes to Millions in Real Estate with DJ Envy and Cesar Pina

The Brooklyn Bank 

Brandon’s Maui MasterClass

Brandon Turner's Instagram

David Greene's Instagram

Matt@odcfund.com

donations@thebrooklynbank.com

Check the full show notes here: https://biggerpockets.com/show512

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Sep 30, 2021
511: Getting Your Market, Money, and Mindset Right | 3 Coaching Calls!
00:48:41

So many BiggerPockets listeners are out there killing it in the world of real estate investing. But, with growth and positive change comes more and more questions. On today’s coaching call, David Greene talks to Carly, Michael, and Katie about three different problems that present three specific solutions.

Carly is trying to weigh the risk of investing in a declining market, Michael wants to shake off the “agent shame” that comes with lead generating as a realtor, and Katie wants to power her growth with more revenue and more cash flow. Each of these real estate professionals is in a different spot: one is a small-time landlord, one is a new agent, and the other is a fix and flip veteran. Even with completely different investment plans, all three of these investors are able to find simple, meaningful solutions when talking with David.

The topics touched on in this episode include creating an investment strategy, house hacking, finding the right property managers, growing your confidence, purchasing commercial real estate, and more. If you want to get in on the next call with David, click this link to apply!

In This Episode We Cover:

Should you invest in an area with a declining population but great cash flow?

How to mitigate your investment risk by purchasing a house hack property

Using referrals to find your next property manager 

Putting your clients best interest first and showing confidence

Starting businesses in different verticals that can empower your current business 

Turning your biggest expenses into revenue generators

Taking advantage of using a Key Principle on larger deals

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Youtube Channel

Simplisafe

BiggerPockets Wealth Magazine

The BiggerPockets Bundle Giveaway

Submit your Question for David Greene to answer!

BiggerPockets Find an Agent

Keller Williams

Amazon Prime

Check the full show notes here: https://biggerpockets.com/show511

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Sep 28, 2021
510: Work Less and Make More by “Working the System” w/ Sam Carpenter & Josh Fonger
01:24:03

As an entrepreneur, you may be used to putting in hours of work learning new tactics, skills, and strategies. Your business rests on your shoulders, and why wouldn’t it, you’re the one who built it from the ground up. While it’s a commendable feat to build a profitable business, it can also be a prison sentence for many “hands-on” entrepreneurs. This is how Sam Carpenter, author of Work the System felt as he put in 110 hours a week just to keep his business afloat.

Sam realized why he was working so hard without seeing results: there were no systems in his business. Once he started implementing systems and processes, he went from 110+ hour weeks to 2 hour weeks. The same happened with one of his students and now partner, Josh Fonger, who runs Work the System Enterprises where he helps business owners from over 50 countries scale their businesses with far less headache.

If you’ve ever felt that your business relies on you too much to take a day off, take a vacation, or simply work less every week, these are the two guys you need to talk to. Josh and Sam were kind enough to take three live guest calls on this episode’s recording to help with their specific business problems. As all the guests are real estate investors and professionals, much of the advice may translate to your business as well!

In This Episode We Cover:

Why a system doesn’t need to (and shouldn’t) be complicated to design and implement

Reducing your time, effort, and energy spent on work

Understanding which systems need to be fixed or removed entirely front our life

How to stop playing “whack-a-mole” with your business processes

Why so many businesses fall behind after improving 

Creating a sustainable solution that gives you (the entrepreneur) maximum freedom

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Youtube Channel

BiggerPockets Podcast

BiggerPockets Bookstore

Open Door Capital

BiggerPockets Insights

BiggerPockets Books

BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors

BiggerPockets Podcast 137: How to Use Systems to Scale Your Real Estate Business with Sam Craven

Work the System Website

Click here to check the full show notes: https://www.biggerpockets.com/show510

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Sep 26, 2021
509: Cars & Cashflow: Manny Khoshbin’s Story from Homeless to $1B
00:58:43

If you scroll through Manny Khoshbin’s Instagram, you’ll see wealth, success, and a lot of very nice automobiles. You may look at his life and say “well, that must be nice”, but there is much more to Manny than Ferraris and private planes. A few decades ago, Manny was homeless, sleeping in a car with five other family members, simply trying to survive in America.

Manny’s dad wanted to protect his son from entering the military in Iran, so two weeks before Manny’s birthday, the family packed up and left for the United States. They were homeless for a couple of months but slowly were able to find jobs and scrape together some money. Manny worked at a swap meet, a K-mart, a multi-level marketing company selling snacks, and other various jobs.

As he was working he realized that the people driving the Porches, Lamborghinis, and Mercedes were all investing in real estate. After making money in his entrepreneurial endeavors, he bought his first commercial property. Now, two and a half decades later, Manny is sitting on a billion dollars worth of real estate. Oh, and did we mention he bought this all without syndicating?

In This Episode We Cover:

Manny’s “American Dream” story from immigrant to multimillionaire 

Why commercial real estate is such a profitable investment

Value-add opportunities and flipping commercial real estate over the span of a few years

Which real estate industries are on the downward trend (and which to invest in)

The steps new real estate investors should take to make it big

Why Manny’s luxury cars are an investment, not just toys

And So Much More!

Links from the Show:

auction.com

BPCON2021.COM

Elon Musk

Holly Burton

Dave Ramsey

SpaceX

FedEx

CVS

KMart

Amazon

Target

Books Mentioned in this Show:

Trump: The Art of the Deal by Donal Trump

Manny Khoshbin’s Contrarian Playbook by Manny Khoshbin

Driven: The Never-Give-Up Roadmap to Massive Success by Manny Khoshbin

Check the full show notes here: https://biggerpockets.com/show509

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Sep 23, 2021
508: How to 10x Your Deal Flow Using "Evergreen Content"
01:22:35

It’s tough out there. Between investors, agents, and wholesalers, everyone you know wants to get a home under contract. So what do you do when there is an influx of buyers and the same amount of sellers? Start building systems that can beat out your competition and will flow deals directly to you for years to come! Now we know what you’re saying, “I wish that were possible”, but it may be easier than you think. 

Trevor Mauch, founder of Carrot, spent years manually chasing after deals. Cold calling, door knocking, direct mail, and every other method you can imagine; he's tried it. While these strategies work great for many people, they’re labor-intensive and incredibly hard to scale. Trevor looked at the marketing he was doing that WASN’T outbound and realized it wasn’t only creating leads for him, but doing so while he slept.

He then started building out Carrot, which helps set up agents, investors, wholesalers, and anyone else who wants off-market deals with websites that convert consistently every day. What sets apart Carrot from most “we buy houses for cash” websites is their “evergreen content” production. This content ranks you higher on google, gets sellers and buyers reaching out to you, and allows you to do less work and close on more deals.

Learn more about how to make this happen at carrot.com/pockets

In This Episode We Cover:

Getting out of the “hamster wheel” lead generation work 

Outbound vs. inbound marketing and which requires less work from you

Why social media isn’t enough in this heavily digital age 

Building your “authority hubs” so sellers or buyers can trust your business 

Focusing on locations and niche markets to find more buyers and sellers

What Trevor thinks will happen in the housing market over the next few years

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Youtube Channel

Zillow

Carrot Software Company

EP 246: How to Double Your Commissions Without Doubling Your Team w/ David Greene of Bigger Pockets [HYBRID Part 1]

How to Get More Motivated Seller Leads (with no paid ads) Using 1 Proven, Simple Marketing Strategy (Free Live Workshop)

Offerpad

Opendoor

Redfin

Realtor.com

Trulia

WordPress

Fresh Chalk

David's Instagram

Farr Group

Simplysold.com

Rev

Kind House Buyers

House Heroes

Check the full show notes here: https://biggerpockets.com/show508

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Sep 21, 2021
507: Sacrifice, Failure and Pain, A 100 Days of Hell Success Story w/The Iron Cowboy
01:08:45

Finishing a triathlon is a grueling achievement, only accomplished by those who are in peak physical and mental condition. Once finished, the top of the top go on to train for an Ironman, arguably the toughest triathlon on the planet. One hundred and forty miles of pain and pressure, broken up into a two-mile swim, a one hundred and twelve-mile bike ride, and a twenty-six-mile run. This is not a race for the faint of heart, and if you can finish just one, you have bragging rights forever.

What would it take for someone to finish not one ironman, not two, not ten, not twenty, but 100 consecutive Ironman races, back to back? Wake up, swim, bike, and run over one hundred and forty miles, go to sleep, and do it all over again. That’s what James “Iron Cowboy” Lawrence did, smashing through world records and personal goals.

James sits down with Brandon and David today to talk about mental toughness, creating goals that scare you, gradually working your way up to mastery, and asking “what am I willing to sacrifice to reach the end?” James had to run a business, take care of his seven-person family, and compete for more than a quarter of a year straight. If he can conquer one of the greatest physical and mental feats the world has ever witnessed, what’s stopping you from accomplishing your goals?

In This Episode We Cover:

Pushing yourself past the limit to see what you’re truly capable of

Breaking multiple world records and developing mental toughness 

Why your goals should scare you enough to pursue them

Why you don’t need to 10x your output and the importance of small steps

Finding what you’re willing to sacrifice to reach your goal

Why every great athlete, entrepreneur, and leader needs a rockstar team 

Choosing the person who “doesn’t break” under hard circumstances

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Youtube Channel

BiggerPockets Podcast

BiggerPockets Bookstore

Open Door Capital

BiggerPockets Perks

BiggerPockets Insights

BiggerPockets Books

BiggerPockets Podcast 485: Atomic Habits That Help You Achieve Unthinkable Success w/ NYT Best Selling Author James Clear

James “Iron Cowboy” Lawrence's Website

Click here to check the full show notes: https://www.biggerpockets.com/show507


See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Sep 19, 2021
506: Achieving Financial Freedom Through Small Multifamily Investing
01:17:52

Financial freedom is attainable for all of us, but how fast we reach it differs greatly. You may be making $100 profit per month on each single-family home you buy, but what if you could multiply that profit? A duplex becomes $200 per month, a fourplex, $400, and a 16 unit apartment will net you a solid $1,600 per month. Now, it’s not a goal of buying 50+ single-family homes to reach financial freedom, it’s buying 10 or so small multifamily investments. 

This simple mindset tweak can change your life and investing career forever, it certainly did for Brandon Turner, host of The BiggerPockets Real Estate Podcast and author of The Multifamily Millionaire. This pre-recorded webinar walks through the key benefits of investing in small multifamily, how to find and finance deals, risks to look out for, and scaling so you can go full-time in real estate.

There are tons of tips, tricks, and free giveaways (including discount codes) throughout this episode, and if you’re looking for visuals, head over to the BiggerPockets Youtube Channel to see the full slideshow

In This Episode We Cover

How to reach financial freedom through small multifamily investing

The four key benefits of investing in multifamily properties

How to find deals (even if you live in an expensive area)

How to analyze your multifamily deals using the BiggerPockets Calculators

Financing your deals using FHA loans, conventional loans, and seller financing

Risks and dangers to look out for in your next deal

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Youtube Channel

The BiggerPockets Bundle Giveaway

BiggerPocketsWebinar: How to Become a Real Estate Millionaire (presented by Brandon Turner)

BiggerPockets Podcast 463: How to Get Your First or Next Property (Step-by-Step) in 90 Days

BiggerPockets Rental Property Calculator

BiggerPockets Podcast

BiggerPockets Webinar Replays

BiggerPockets Bookstore

BiggerPockets Perks

BiggerPockets Insights

BiggerPockets Books

BiggerPockets Multislides

BiggerPockets 7 Years to 7 Figure Wealth

BiggerPockets Pro Upgrade

Realtor

Open Door Capital

Gary Keller

Multiple Listing Service (MLS)

Email Your Questions: podcast@biggerpockets.com

Check the full show notes here: https://www.biggerpockets.com/show506

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Sep 16, 2021
505: “Act Like You Have 100+ Units” | Coaching Calls w/ Brandon Turner
01:04:13

You hear Brandon Turner’s voice quite often on the BiggerPockets Real Estate Podcast, but rarely is it heard advising new investors. Today, Brandon is taking on three live “coaching calls” with three investors, all in different stages of their investing career. Brandon and the guests talk through topics like scaling your business, branding your real estate company, and when the right time to hire is.

These investors have portfolios ranging from a few units to more than forty, making this an episode that any investor can listen to, no matter where they’re at in their real estate investing journey. This advice is hand-tailored for each investor, and comes from someone who has made it out of that “awkward teenage investing” phase.

In This Episode We Cover:

How to hire out property management when your portfolio begins to grow

Appealing to higher authority when you have to make tough decisions

Acting like you own the portfolio you’re trying to scale to

Branding your real estate company so people can trust you and invest with you

Starting your own meetup if you don’t find one that clicks

Understanding that “everything gets easier as you grow

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Youtube Channel

The BiggerPockets Bundle Giveaway

Cozy

Apartments.com

Ring Central

Google Voice

Mobile Home Park Investors with Jefferson Lilly & Brad Johnson

The Mobile Home Park Investing Podcast with Kevin Bupp

Pay Near Me

BiggerPockets Facebook Page

BiggerPockets Facebook Group

BiggerPockets Instagram

Airbnb

Are Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do! (Youtube Video)

BiggerPockets Conference

Email Your Questions: podcast@biggerpockets.com

Joe's BiggerPockets Profile

Joe's Instagram

Joe's Facebook Page

Check the full show notes here: https://www.biggerpockets.com/show505

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Sep 14, 2021
504: The Millionaire Formula: 10 Steps to Hit 7-Figure Net Worth (Part 2)
01:08:23

Wouldn’t it be nice to be a millionaire? Sitting under a palm tree, relaxing, with plenty of money set aside for you. To be in that position you not only have to escape the rat race but pledge to live a life of continual improvement, always looking for ways you can be better. That’s exactly what Brandon Turner and David Greene did to reach their multimillionaire status and live a life of greatness.

In this episode, we continue listing the ten steps to become a millionaire, with a bonus step at the end. If you didn’t hearlast week’s episodecheck out episode 503 for the first five steps mentioned by David and Brandon. This time, we talk about things like harnessing synergy, upgrading your social circle, quitting the things that hold you back, searching for continual improvement, and always giving back.

Think of becoming a millionaire less as a singular task and more as a continual journey. If you put in the work and follow these steps laid out by David and Brandon, you’ll have a high chance of becoming a millionaire (if not a multimillionaire) within the next decade. So get out there, meet people, make opportunities, and achieve the impossible.

In This Episode We Cover:

Getting on a team where your strength is amplified 

Surrounding yourself with those who overachieve and push you higher

Finding a way to quit everything repeatable or assignable 

Doing what others view as “hard” and pushing yourself to be great

Helping others upgrade their lives and giving back whenever possible

Taking advantage of this strong economy to tackle as much as you can

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Youtube Channel

The BiggerPockets Bookstore

GoBundance

Open Door Capital

Email Your Questions: podcast@biggerpockets.com

BiggerPockets Podcast 217: How to Work Less and Earn More Using the 80/20 Rule with Perry Marshall

BiggerPockets Podcast 457: How Thinking 5 Moves Ahead Can Make You Millions with Patrick Bet-David

Click here to check the full show notes: https://www.biggerpockets.com/show504

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Sep 12, 2021
503: The Millionaire Formula: 10 Steps to Hit 7-Figure Net Worth (Part 1)
01:04:10


You probably know Brandon Turner and David Greene as multimillionaire real estate investors. What you may not know, is that a decade ago this was a very different story. Brandon didn’t grow up in a wealthy family, and by his 20s, had packed on about $20,000 of credit card debt while spending $1,000 more than he could afford each month. David grew up in a family where finances were a constant stressor, he later vowed to himself that he would never let money problems hurt him or the people he loves.

Now, both Brandon and David have made the long journey from rags to riches, and through investing in real estate they were able to pull themselves up by their bootstraps and reach financial independence. Today, we talk through the first five (of ten) steps that helped Brandon and David reach this financial feat. 

This is a great episode to take notes on, as becoming a millionaire is close to impossible without following most, if not all of these steps. While this episode isn’t entirely focused on real estate investing, a large part of being a successful real estate investor is financial intelligence. Even if you’ve made mistakes in the past with investments, debt, spending, or any other financial lever, following these ten steps will give you a solid framework to stair-step your way into millionaire status

In This Episode We Cover

How Brandon and David discovered their need for financial independence early in life 

Thinking of money the same way you think about fitness and health

Reaching huge financial milestones, even if you started out with extra obstacles

Fighting lifestyle creep and never falling into the Ferrari trap 

Building an income stream that is scalable, passive, and automated 

The “stair-stepping” method that leads to massive wealth accumulation

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Youtube Channel

The BiggerPockets Bookstore

Alan Corey

Gary Keller

BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming

BiggerPockets Podcast 447: Create Your Dream Life in 3-5 Years Using Vivid Visions with Cameron Herold

BiggerPockets Podcast 461: Defeating the “Enemy of Success” with Steven Pressfield (The War of Art)

GoBundance

YNAB (You Need A Budget)

Mint

Open Door Capital

Email Your Questions: podcast@biggerpockets.com

Check the full show notes here: https://www.biggerpockets.com/show503

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Sep 09, 2021
502: BiggerNews, September: Will Anything Slow Down this Housing Market? with Dave Meyer & Kathy Fettke
01:00:10

Welcome back to another episode of the BiggerPockets Podcast. Today, we’re trying a new format where David Greene and Dave Meyer bring on an expert in the real estate investing space and talk through all the market trends, legislature, and other factors influencing the housing market and economy.

As our special guest, Kathy Fettke from the Real Wealth Network joins us to talk about housing market predictions in 2021 and beyond, the eviction moratorium (and its effects after ending), and where investors should start looking for opportunities. We touch on economic concepts like supply and demand, how this market compares to 2007’s bubble, why millennials are soon to become the biggest buying cohort in America, and the underbuilding crisis that we’re currently facing.

If you’d like to request a topic for discussion or ask a question, send us an email at podcast@biggerpockets.com with NEWS in the subject line!

In This Episode We Cover:

Housing market predictions for 2021 and beyond

Comparing today’s high values to the values back in 2007

The eviction moratorium and the impact it had on mom and pop landlords

Understanding the difference between the dollar crashing and home values skyrocketing 

When we will return to a more “normal” housing market 

Why millennials face an uphill battle when trying to purchase homes

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Youtube Channel

Dave's Real Estate News

NMHC Rent Payment Tracker

Email Your Questions: podcast@biggerpockets.com

Check the full show notes here: http://biggerpockets.com/show502

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Sep 07, 2021
501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions
00:58:36

We’re back with another episode of “Seeing Greene” with David Greene! Listeners and investors have submitted their questions via video and through the BiggerPockets Facebook Groups and BiggerPockets forums over the past month, we’ve compiled some of the best (and most frequently asked) questions so David can answer them live on air!

This episode goes over a handful of different topics with questions from agentswholesalersnew home buyersrookie investorsveteran investors, and others just trying to get into real estate investing. These questions are not only common, but crucial when trying to understand purchasingstructuring, and optimizing real estate investments.

If you want to ask David a questionclick here to submit a video for David to answer on the next “Seeing Greene”! Want an answer right away? Head over to the BiggerPockets forums to get help from millions of other real estate investors, just like you.

In This Episode We Cover:

How to become a star agent in a brand new (or competitive) market

Should you use points to get lower interest rates?

How soon can you refinance a house purchased in cash?

What are some factors of a successful short-term rental?

How would David escape a triangle hold from Brandon Turner?

How do you structure partnerships?

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Youtube Channel

BiggerPockets Bookstore

David’s Instagram

BiggerPockets Bundle

BiggerPockets Wealth Magazine

Submit Your Questions to David Greene

Click here to check the full show notes: https://www.biggerpockets.com/show501


See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Sep 05, 2021
500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming
01:11:48

Robert Kiyosaki is arguably the most influential author in the finance, real estate, and investing space. His book, Rich Dad Poor Dad, has sold over thirty million copies and has been translated into forty different languages across forty different countries. Since its inception in 2002, Rich Dad Poor Dad has become almost every investor’s favorite book, prompting them to get out of the rat race, pursue financial independence, and teach them everything Robert’s “Rich Dad” taught him.

Robert has seen numerous housing cycles, including crashes, booms, and busts. His knowledge of micro and macroeconomics is astounding (to say the least) and he has some strong predictions for the future of real estate investing and the global economy as a whole. We talk about capitalism, marxism, communism, inflation, debt, assets, liabilities, and everything in between. This episode is not only crucial for anyone who is a fan of Robert’s books, board games, and videos but anyone who truly wants to learn the game of real estate.

As a general word of advice: Robert has some very strong opinions that he voices throughout this episode, and even if you disagree with any (or many) of them, it may serve helpful to listen to his full explanations of his takes. Robert has built an incredibly successful life, but started as a child of a financially dependent family, served in the marines during the Vietnam war, and has fought hard to keep capitalism alive and well in the United States, and abroad.

Be sure to grab Robert’s new book, Capitalist Manifesto, and thank you for joining us for the 500th episode of The BiggerPockets Podcast!

In This Episode We Cover:

Why Rich Dad Poor Dad remains a timeless classic in the investing world

Why Robert favors real estate, precious metals, and cryptocurrency above other assets

The difference between an asset and liability, and why so many Americans confuse them

Writing (and fighting) for freedom, prosperity, and wealth 

Paying attention to the macroeconomic trends and using them to make smarter investing decisions

The assets that Robert is bullish on in today’s market

Why you need to love studying real estate to become successful

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Youtube Channel

BiggerPockets Bookstore

Brandon's Instagram

David’s Instagram

BiggerPockets Bundle

BiggerPockets Wealth Magazine

BiggerPockets Podcast 479: 10 Powerful Lessons Brandon Learned Building a $50M+ Rental Portfolio

Ray Kroc's Story

Dave Ramsey's Website

Cashflow Game

GoBundance

Ken McElroy's Website

David's Guesting on Ken McElroy's Show

Jordan Peterson's Website

Check the full show notes here: https://biggerpockets.com/show500

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Sep 02, 2021
499: The Death of The "Entrepreneur”: Experience from an 8-Figure CEO
01:21:51

Many people call themselves “entrepreneurs” nowadays. Essentially, anyone who can make some kind of income on their own is an entrepreneur, but there is a big difference between an entrepreneur and a business owner. While an entrepreneur can start businesses, a business owner can build, enhance, and delegate out a business. This is something that today’s guest, James Wedmore, is proficient at.

James’ experience in this field speaks for itself, he’s an 8-figure CEO, a highly sought-after coach for successful business leaders, and runs the Mind Your Business Podcast. He has a unique viewpoint when looking at growth, which allows many business owners to take a step back and think “what is truly achievable?

James helps business owners grow their businesses into scalable, profitable, and successful operations. He focuses on building a “machine” that can run as a business, as opposed to a business owner doing 10+ different tasks, solely because they can. He also talks about the importance of having urgency in your product offering and giving your business what it needs to thrive, not just trying to extract what you need from it.

In This Episode We Cover:

The difference between entrepreneurs and business owners

Why so many business owners get bored of their business

Addressing the needs of your business and asking “what does it want from me?

Letting go of technician roles in a business and delegating tasks

Getting rid of bad habits through mindful integrity

Forgiving yourself for mistakes, self-judgment, and blame

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Youtube Channel

BiggerPockets Bookstore

Brandon's Instagram

David’s Instagram

OpenDoor Capital

Mind Your Business Podcast

BiggerPockets Podcast 484: 3 Ways to Simplify Your Real Estate Investing with Brandon Turner

BiggerPockets Podcast 449: How Emails Are Constantly Destroying Your Productivity with Cal Newport

Click here to check the full show notes: https://www.biggerpockets.com/show499

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Aug 29, 2021
498: Real Deal: BRRRR Deep Dive w/ Joe Asamoah (Pt 1)
01:11:49

When most people think about section 8 housing, they think of run-down homes, troublesome tenants, and negligent landlords. This stereotype may prove true in some markets, but for Dr. Joe Asamoah, this is far from reality.

Joe has built his real estate portfolio by renovating homes to an incredibly high standard, situated in some of the best neighborhoods in the DC market, and all while under section 8 housing. Joe figured out early on that section 8 housing authorities gave much more rent money for houses with 5 bedrooms and up, so he started renovating to match the rent section 8 could provide him. This not only allows him to take home a sizable profit, but score tenants who will respect his homes as their own, and stay there for 15 to 20 years minimum. This is no joke, Joe has tenants who have been with him for two decades!

You’ll see a deep dive of Joe’s latest property in today’s episode, complete with pictures, videos, and other helpful visuals. If you’re only listening to this podcast, we’d highly recommend checking out the video version over on the BiggerPockets Youtube channel!

In This Episode We Cover:

What the “Big City BRRRR” strategy entails

How to control tenant turnover so you have ZERO vacancy 

Using section 8 to take in higher rents

How to create a top tier product that attracts top tier tenants 

Becoming the best landlord a tenant could ask for

Adding bedrooms, bathrooms, and getting permits for everything in between

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Calculators

BiggerPockets Pro Membership

BiggerPockets Youtube Channel

BiggerPockets Bookstore

Brandon's Instagram

David’s Instagram

BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah

Rookie Podcast 03: Coronavirus Crash? Do's and Don'ts from Recession Veterans Joe Asamoah and Steve Rozenberg

BiggerPockets Youtube: Big City BRRRR Strategy & Recession Proof Cash Flow Real Estate with Joseph Asamoah!

Check the full show notes here: https://www.biggerpockets.com/show498

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Aug 26, 2021
497: Bigger Deals, Better Profits: 10 Steps to Your First Large Multifamily w/ Brian Murray and Brandon Turner
01:49:17

We’re back for part two with The Multifamily Millionaire authors Brandon Turner and Brian Murray. This time, Brian is on the mic to give you the ten steps to purchase your first large multifamily property. You may be thinking that these ten steps sound too easy for such a large deal, but that is part of the advice that Brian gives.

Brian wants smaller multifamily owners or even single-family owners to know that buying a large multifamily property is just more volume, not a completely different skill set. If you own one or multiple units right now, you may have more skills than most to take down a 100-unit apartment building or a big mobile home park. The only thing standing in your way is the mindset.

This episode just scratches the surface of what’s possible in large multifamily real estate investing, the rest can be found in The Multifamily Millionaire Volume IIAs a reminder, if you purchase before the end of August 2021, you’ll get a four-week multifamily masterclass, taught by Brandon Turner.

In This Episode We Cover:

Why chasing larger deals leads to larger profits 

Understanding the skills needed to become a successful multifamily investor

Shrinking your criteria down to a micro-level, not just a macro overview

Starting (or investing in) syndications so you can get into bigger multifamily deals

Capital stacksdebt, and other types of financing when buying large properties

Why underwriting is more than just putting numbers into a spreadsheet

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Calculators

BiggerPockets Pro Membership

BiggerPockets Youtube Channel

BiggerPockets Bookstore

Brandon's Instagram

David’s Instagram

BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray

BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray

Discover the Multifamily Book bonuses 

Click here to check the full show notes: https://www.biggerpockets.com/show497

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Aug 22, 2021
496: Become a (Small) Multifamily Millionaire in 7 Steps w/ Brian Murray and Brandon Turner
01:34:31

For the most part, Brandon Turner was able to achieve financial independence through small multifamily investing. This is why investing in duplexes, triplexes, quadplexes, and even 24-unit apartment buildings can be a fantastic learning experience and money maker for new landlords. But how do you get started if you’ve never bought a property before?

Brandon and his co-author of The Multifamily Millionaire, Brian Murray, walk through the seven steps to go from real estate onlooker to small multifamily master. We talk about everything from defining your criteria, financing, management, lead generation, and more. If you’re looking to build a portfolio of small multifamily properties that will allow you to break out of the rat race and do more of what you love (which may be large multifamily), make sure you not only listen to this whole episode but get Brandon and Brian’s new book!

This is a two-part episode series. In part one we talk about small multifamily and in part two we talk about large multifamily, both episodes have crucial information for anyone trying to get into the multifamily space!

In This Episode We Cover:

The difference between small multifamily properties and large multifamily properties

Financial independence vs. generational wealth and understanding which goal you have

Why you don’t necessarily need to start small in multifamily

Defining your crystal clear criteria and knowing what you want

On-market leads vs. off-market leads and the pros/cons of both

Financing small multifamily properties and house hacking

The “multifamily warp” that takes you from newbie investor to multi-millionaire

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Calculators

BiggerPockets Youtube Channel

BiggerPockets Bookstore

Realtor.com

LoopNet

Zillow

Jason Drees's Coaching

Ryan Murdock's Instagram

Mike Williams's LinkedIn Profile

Micah Cabagbag's Instagram

BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray

BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray

Check the full show notes here: https://www.biggerpockets.com/show496

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Aug 19, 2021
495: The Science Behind Taking Risks (and Why They Definitely Pay Off)
00:55:59

It often seems like the most successful people are the ones who take the most risks. There’s no surprise that at one point, billionaire entrepreneurs were given the choice to either stay where they stood or leap for something greater. This is something that today’s guest, Sukhinder Singh Cassidy, understands. She’s helped lead some of the biggest companies around like J Crew, Stitch Fix, TripAdvisor, and Urban Outfitters (just to name a few).

The one thing that Sukhinder has found throughout her years in Silicon Valley and through writing her new book, Choose Possibility, is that groundbreaking leaders don’t just take one big risk, they take several small ones. This works for real estate investors too. If you’ve just gotten into real estate investing education, the first step for you isn’t to go out and buy a house, it’s to join a meetupcontact an agent, or even join the BiggerPockets forums. These are what Sukhinder calls the “minimum viable choice”. Don’t worry about doing everything, just do something!

Sukhinder gives some great advice on leadership for those in executive business roles, plus how to find talent in this increasingly competitive market. If you’re just starting in your career, take Sukhinder’s advice and do great work for great people, the rest will fall into place.

In This Episode We Cover:

How Sukhinder’s love of entrepreneurship began

Coconut events” vs. “subway events” (and how you can plan for both)

Embracing uncertainty and calculating your risks

Starting in Silicon Valley and building a strong reputation 

Choosing to make the “minimum viable choice” whenever possible

How to know whether you’re managing others or having others manage you

What leaders and business owners can do to attract the best talent

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Calculators

BiggerPockets Youtube Channel

OpenDoor Capital

Brandon and David’s Books

BiggerPockets Podcast 447: Create Your Dream Life in 3-5 Years Using Vivid Visions

BiggerPockets Podcast 407: Buying 100+ Houses/Year in 4 Hours/Week Using Teams, Traction, and (Get this…) TikTok

Choose Possibility Website

Click here to check the full show notes: https://www.biggerpockets.com/show495

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Aug 15, 2021
494: The Five F-Words Every Real Estate Investor Needs to Master
00:57:58

There’s a new three-peat on the BiggerPockets Real Estate Podcast, and no, it’s not Michael Jordan. Danny Johnson, the founder of Forefront CRM, is back with us on today’s episode to talk about the five F-words of real estate investing. Before you jump to conclusions, this is a family-friendly show, the F-words we’re talking about are fear, fundamentals, focus, funnel, and follow up.

Many investors find too few deals, too few motivated sellers, or too few ways to find financing. This is all being said while other investors are closing deals, finding motivated sellers, and getting the financing they need to pursue even more deals. What separates the two from each other? Often, it comes down to the simplest things.

Are you trying to be too creative or are you mastering the fundamentals? Do you know your metrics down to a tee so you can improve upon them? How is your funnel being filled and where are your leads coming through? If leads come through, are you following up or letting them fade away? And lastly, are you pushing past your fear to do any of the above things?

If you feel like you’re stuck, without much of a handle on your real estate business, feel free to try Danny's Forefront CRM!

In This Episode We Cover:

How to create time freedom in a business largely depends on your efforts

Tracking how your team performs their work and continuously improving

Pushing past fear and not allowing laziness to stop your dreams 

Understanding the fundamentals and performing them as well as possible

Tracking and reviewing metrics consistently 

Knowing the costs to fill your funnel and seeing every phone call as a potential deal

Following up with customers (without being too salesy or pushy)

And SO much more!

Links from the Show

BiggerPockets Forums

BiggerPockets Calculators

BiggerPockets Youtube Channel

BiggerPockets Podcast 018 : Flipping, Marketing, and Wholesaling with Danny Johnson

BiggerPockets Podcast 144: Getting Out of Your Comfort Zone and Kicking Butt at Real Estate with Danny Johnson

Trello

Pipedrive

ForefrontCRM

Brandon's Instagram

David's Instagram

Check the full show notes here: https://biggerpockets.com/show494

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Aug 12, 2021
493: How COVID Changed Real Estate Forever (+How it Didn’t!) with Ken McElroy
01:08:25

It’s rare to find someone with the experience, knowledge, and downright friendliness of Ken McElroy, which is why we’re having him back on the show! This time, Ken breaks down some of the fundamental truths of real estate investing and how it can help you, as an investor, make more money, reach financial freedom, and live the life you were born to live.

Ken has been in the real estate game for decades, starting as a property manager in college, becoming a landlord with a sizable portfolio, then meeting Robert Kiyosaki and working on books, education, and systems with some of the biggest names in real estate. Ken has been through multiple market cycles, dozens of policy changes from the government, and made lots of money on many different types of deals. He has a unique experience that gives him a leg up on much of the new competition.

You’ll hear Ken’s thoughts on the “affordability crisis” we may be facing in the coming years, how short-term rentalsare changing the landscape of month-to-month rentals, and how an inexperienced investor can get started with “good debt. Make no mistake, the lessons Ken talks through in this episode took decades to learn, but you can get them all in just over an hour!

In This Episode We Cover:

How COVID did (and didn’t) affect the market for real estate investors

Leveraging “good debt” so you can build your real estate empire

When prices of labor, lumber, and new construction will flatten

What the future of the real estate market will look like, and how landlords can benefit

Working with the system (government, tax codes, etc.) as opposed to working against it

Why great deals will always get funded (especially in today’s market!)

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Calculators

BiggerPockets Youtube Channel

OpenDoor Capital

Brandon and David’s Books

Real Estate Rookie Bootcamp

BiggerPockets Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy

Airbnb

Get Ken McElroy's free e-book for BiggerPockets listeners

Click here to check the full show notes: https://www.biggerpockets.com/show493


See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Aug 08, 2021
492: Robuilt’s Tiny Houses That are Cashing in MASSIVE Profits Every Month
00:55:30

Rob Abasolo, AKA Robuilt on Youtube, didn’t have a background in real estate, or construction, or hospitality, or really anything related to his current success. He did have drive, creative thinking, and the will to make something work when other people told him it was impossible.

Rob and his wife moved from Kansas City to Los Angeles, trading a $1,100 mortgage on a house for a $1,800 rent bill on a small apartment. Around this time, Rob started hearing about Airbnb and short-term rental hosting. So, he decided to buy a house, keep his apartment, and try his hand at some Airbnb arbitrage. It worked, and thus the short-term rental revenue model was proven!

Rob then started to Airbnb out the apartment attached to his new home. He was pulling in some solid income, anywhere from $2,000 to $3,000 a month. So what did he do next? He built a “tiny house” in his backyard for around $72,000 and began renting it out for up to $4,000 a month on Airbnb. That’s when Rob thought “what if I built ten of these?”

Now, four years later, that’s exactly what he’s done. Rob has a growing portfolio of short-term rentals all across the United States. From California to Texas, to Tennessee and beyond. But this isn’t the end for Rob. His new plans? Build a massive “glamping” compound on his newly acquired 50 acres of land in Gatlinburg!

In This Episode We Cover:

Airbnb arbitrage and the risk of always going after cashflow

Offsetting your mortgage with short-term (or long-term) house hacking

Airbnb regulations and making sure you’re allowed to host visitors

Building a “tiny house” and the cost associated with it

Funding your deals through HELOCs and partnerships 

The new trend of “glamping” and why it may be a massive opportunity

And SO much more!

Links from the Show

BiggerPockets Forums

BiggerPockets Calculators

BiggerPockets Youtube Channel

American Horror Story

Turo

Joshua Tree Harebnb Listing

BiggerPockets Podcast 280: The Key to Making Great Deals (Hint: Overlooked Properties!) with Mark Hentemann (Writer for TV’s Family Guy!)

Zillow

Airbnb

Check the full show notes here: https://biggerpockets.com/show492

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Aug 05, 2021
491: 5 Rules of Health & Wealth to Become the Millionaire with a Six Pack
01:35:41

Many of us have a story behind doing what we do. You may have been raised by parents living paycheck to paycheck, spurring you to chase financial freedom and create a better life. Or maybe you labored tirelessly at work to get a promotion or raise, simply to be passed up for someone else. For Adam Gilbert, founder of MyBodyTutorhis “why” is his father.

Adam looked up to his father all his life but saw the pain and distress he was going through when he had a heart attack, a triple bypass surgery, and was later diagnosed with multiple sclerosis. This forged a path for Adam that materialized in the health and fitness space. Adam knew that he never wanted to be “too tired” to play with his kids, spend time with his family, or pursue a passion.

As Adam has grown his business over the past decade and a half, he’s come away with many lessons that ring true for not only fitness enthusiasts but business owners as well. We talk through the five rules that Adam has put together for anyone to become healthy, wealthy, and mentally sound. While this is a mindset episode, you’ll be surprised with how many of these rules crossover almost perfectly into real estate investing.

In This Episode We Cover:

When to quit your full-time job and pursue your passions

Choosing daily consistent action over large infrequent actions

Why health is the ultimate productivity tool 

Setting up “planned indulgences” and being strict, yet fair with yourself

Choosing consistency over intensity and opting for small changes over time

Doing what scares you until it doesn’t

Accountability through partners, coaches, and friends

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Calculators

BiggerPockets Youtube Channel

BiggerPockets Bookstore

GoBundance

OpenDoor Capital

Brandon and David's Books

Adam from My Body Tutor

BiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy

Mybodytutor.com Special Deal for Listeners

Click here to check the full show notes: https://www.biggerpockets.com/show491

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Aug 01, 2021
490: 7 “Ninja Tips” From One of Hawaii’s Largest Real Estate Investors
01:19:10

We all know that Hawaii is expensive. With its black sand beaches, fantastic surfing waves, and delicious poke bowls, why wouldn’t you want to live and invest there? Well, even with all those positives, many investors steer clear of Hawaii due to its high prices and lack of land, but one investor, Indar Lange, has proven those critics wrong.

Indar is Hawaii’s largest flipper, running about 15 flips at any given moment, and tackling deals priced at upwards of $3,000,000! Indar is no rookie to the game, he’s been doing this for the last decade and a half, but he had humble beginnings.

Growing up poor on a farm in rural Hawaii, Indar thought that his life would be set once he got his engineering degree. After realizing that engineers topped out at about $150,000 per year, Indar had to think of something else to do. He coincidently bought a small home at the time, fixed it up, and sold it after living in it for a few years. He paid zero taxes on the gain and this became his first live in flip, which caused the real estate wheels to start turning in his head.

Now, he’s hooked up with some of the best lenders, agents, wholesalers, contractors, and investors in the Hawaii area, taking down massive deals for a big payday. You’ll hear Indar’s full story and catch his “Ninja Tips” for the aspiring real estate investor.

In This Episode We Cover:

Why real estate the go-to investment for the wealthiest people in the world 

Completing a live in flip and the tax benefits associated with it

When it makes sense to attend a real estate course (even expensive ones)

How Indar stopped his first flip from falling through due to lack of funding

Financing your deals with hard money and private money loans

Long-distance real estate investing from Hawaii

Cost segregation studies and other tax write-offs from real estate

Indar’s “Ninja Tips” for real estate investors

And SO much more!

Links from the Show

BiggerPockets Forums

BiggerPockets Calculators

BiggerPockets Youtube Channel

BiggerPockets Bookstore

Plastiq

BiggerPockets Hard Money Lenders

BiggerPockets Money Podcast

Mindy's BiggerPockets Profile

Home Depot

Yelp

BiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl Yarber

BiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan “The Mercenary” Murdock

BiggerPockets Conference

Brandon and David's Books

Adam from My Body Tutor

Check out the full show notes here: https://biggerpockets.com/show490

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jul 29, 2021
489: How Are You Preparing to “Exit Rich” in Real Estate?
01:15:07

Real estate is a business, but we often don’t think of it that way. A single-family home here, a duplex there, at the end of the day we’re just landlords, right? 

What if some large corporation or outside buyer wanted to buy your real estate business from you. Even better, what if you had such efficient systems in place that you could sell your business for 10x what you put into it. Sounds pretty sweet right?

Today we talk to Michelle Seiler Tucker & Sharon Lechter, authors of Exit Rich and Rich Dad Poor Dad. Michelle and Sharon have spent years building and selling businesses and have defined the 6 Ps to a profitable exit. Their main critique of most business owners: start planning to scale efficiently TODAY.

This can help you as a real estate investor start putting systems in place to grow your portfolio faster and with less work from you later on. If you’re willing to put in the upfront effort to start hiring right, systematizing, and opting for efficiency you most certainly will “exit rich”!

In This Episode We Cover:

What business owners do that costs them millions in company valuation 

The 6 Ps to a profitable (and stress-free) exit

Building systems that allow your business to grow efficiently 

Focusing on company culture and having an employee liaison

Why most business owners won’t let go of their “hands-on” role

How a business is valued (and what you can do to boost your valuation)

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Youtube Channel

GoBundance

OpenDoor Capital

Brandon's Books

BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone

Cherry Creek Lodge - Guests Ranch

Exit Rich Website 

Click here to check the full show notes: https://www.biggerpockets.com/show489

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jul 25, 2021
488: From 4 Units to 2,000 and Why Large Multifamily “Isn’t So Scary”
01:19:33

The average journey of a real estate investor tends to go something like this: buy a house, use profits to reinvest into another house, buy a duplex here and there, and buy another house again. Does this sound like you or someone you know?

For Feras Moussa, stacking single-family properties was never the goal, especially after he had to manage his first rental investments. At some point, it becomes too hard to scale and you’re stuck with 30+ units and 30+ tenants all trying to get your attention to fix something. This is how real estate can become more of a job than a business.

Feras knew this so he started venturing into medium/large multifamily investments instead. His first big multifamily deal was a 99-unit deal in Atlanta, Georgia. He was able to take a neglected apartment complex and turn it into a cash-flowing, high-value piece of property that he later sold for a sizable multiple. Now, Feras does bigger deals, like a $50M+ apartment complex that his company Disrupt Equity and Open Door Capital are partnering on.

If you feel too scared to jump (or even dip your toe) into bigger multifamily investments, hear out Feras. He shows it’s a lot less scary than most people think.

In This Episode We Cover:

How to scale your real estate investment portfolio with medium/large multifamily

The habits that a successful multifamily investor develops

Networking and being more than just the “business card” person

Why masterminds are a HUGE source of deals, partners, and friends

Underwriting and how it differs from basic deal analysis

Using “value-add” to increase the value of a property and cash flow

The red flags you should look for when buying multifamily properties 

And SO much more!

Links from the Show

BiggerPockets Forums

BiggerPockets Calculators

BiggerPockets Youtube Channel

GoBundance

Brandon's Books

Best Ever Conference

Blackstone

Check the full show notes here: https://biggerpockets.com/show488

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jul 22, 2021
487: 10 Common Real Estate Investing Questions Answered by David Greene
00:54:15

David Greene is back and we’re “Seeing Greene” as he answers some of the most common real estate investing questions from BiggerPockets listeners! David goes over a multitude of different questions, ranging from financing, to acquisition, to mindset, and strategy.

Not only does David have the experience of being a real estate investor, he’s also a licensed real estate agent and owns a mortgage company as well. This allows him to have insider insight that many real estate investors simply don’t have.

If you’ve wanted a question answered by an industry expert, stick around because your question might just be answered on this episode of “Seeing Greene”!

In This Episode We Cover:

Building leverage with HELOCs and Cash-Out Refinances 

When to lower rent prices on a vacant property that won’t fill up

Write-offs and tax deductions that real estate investors can use

How newly proposed capital gains taxes may influence seller financing opportunities

How to shift your mindset and identity to fit the person you want to become

Finding financing when you’re self-employed or have low income

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Youtube Channel

Rookie Podcast 55: Combining House Hacking and Live in Flips with Tyler Madden

Submit Your Questions to David Greene

Click here to check the full show notes: https://www.biggerpockets.com/show487

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jul 18, 2021
486: The Key to Scaling that Most Real Estate Investors Miss Out On (+New Podcast!) w/ Liz Faircloth & Andresa Guidelli
01:05:00

It’s understandable why so many real estate investors don’t want to partner up. I mean, who wants to split half of a rent check with someone else? This can seem especially true when you’re just starting and every cent of profit counts. But, what if the path to financial freedom was through partnerships? What if you could grow your wealth, spend less time working, and scale far faster simply by leveraging your relationships.

With us are the hosts of the new InvestHER podcast, Liz Faircloth and Andresa Guidelli, two real estate veterans who partnered up to teach women about financial freedom, cash flow, and everything related to real estate. Liz and Andresa are both partners in real estate and partners in leading the InvestHER community, so they know a thing or two about what makes partnerships work and what doesn’t.

We talk about questions to ask potential partners, how to test out a partnership by doing a project together, formalizing a partnership with binding contracts, how to stop resentment in partnerships, and how to end partnerships that go bad.

If you’re looking to scale your real estate portfolio to new heights, you’ll definitely be using partnerships to do so. Tune in to make sure you and your partner stay protected!

In This Episode We Cover:

Why it’s so hard to scale in real estate without partnerships 

The top questions to ask a potential partner 

Testing out your partnership by doing a small deal together

Making deposits into the “emotional bank account” of a partnership

Finalizing your partnership agreement with an attorney

Keeping information flowing on both sides

Preventing (and ending) bad partnerships

The new InvestHER podcast!

And SO much more!

Links from the Show

BiggerPockets Forums

OpenDoor Capital

Real Estate Rookie Podcast

BiggerPockets Business Podcast

BiggerPockets Money Podcast

BiggerPockets Podcast 088: Investing with Your Spouse, Managing Financials, and Growing Your Team with Matt and Liz Faircloth

BiggerPockets Podcast 203: Finding Deals, Funding, Contractors, and Mentors with Matt and Liz Faircloth

BiggerPockets Podcast 314: How to Find Rockstar Contractors and Manage Like a Boss with Andresa Guidelli

Matt Faircloth's BiggerPockets Profile

Ryan Murdock's BiggerPockets Profile

Mindy Jensen's BiggerPockets Profile

BiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy

BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan

Check the full show notes here: https://www.biggerpockets.com/show486

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jul 15, 2021
485: Atomic Habits That Help You Achieve Unthinkable Success w/ NYT Best Selling Author James Clear
01:07:03

Three years ago, Atomic Habits was released. In this groundbreaking book, author James Clear asks a complex question “why do we continue our bad habits while neglecting good habits?” While it’s not as easy as simply saying, “I want to be better, hence I’ll stop doing this”, there are some ways that you can convince (and often trick) yourself into developing the habits that will help you create a better life.

The first thing to know about habits is that they aren’t a minimal part of your life. Your habits are what your life is built upon. Do you habitually clean your room every week? You’re most likely a clean and well-organized person. Are you constantly looking for ways to save money? You probably have a decent-sized bank account. If you want to become the “money person” or the “helpful person” or the “intelligent person” you need to start adopting the habits that someone in those positions would have.

So how do you develop a good habit? More importantly, how do you halt your bad habits from derailing your entire life? James walks through a few key ways to do this, from making habit cues less obvious, to changing your environment, to removing yourself from the choice entirely. One thing is for certain, if you want to change your life for the better, you need to start changing your habits.

In This Episode We Cover:

How James developed his interest in habits and psychology

Becoming “the architect” of your habits and not falling victim to poor choices

Understand the end goal and slowly work your way to it

Taking on the actions of someone successful and becoming that identity 

Why bad habits can be so hard to break

How long does it take to develop a habit?

Intaking media that will change your mindset and influence your actions

And So Much More!

Links from the Show

BiggerPockets Forums

OpenDoor Capital

BiggerPockets Youtube Channel

BiggerPockets Pro Membership

BiggerPockets Events

BiggerPockets Facebook Group

BiggerPockets Store

Brandon's Instagram

David's Instagram

BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors

Click here to check the full show notes: https://www.biggerpockets.com/show485

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jul 11, 2021
484: 3 Ways to Simplify Your Real Estate Investing with Brandon Turner
00:42:33

Brandon Turner is a man of many talents. Whether it be building a real estate empire, growing a team, or surfing out in Maui, he seems to make it all look so simple. Yet, that is his key to success. Simplicity. 

Brandon’s keynote speech from BPCon 2019 touches on many things, including how to simplify your business so it’s working for you, how to grow a team you trust, working with your strengths, and becoming the superhero in your own story. It also includes glimpses into Brandon’s everyday life. From hair styles, to how to ask out your crush, and even saving naked swimmers on Maui beaches. 

Regardless of where you’re at in the journey, every successful business owner (whether real estate or not) has to make a big business into something simple and seamless, and that’s what you’ll learn from Brandon’s keynote speech. 

Want tickets to BPCon 2021? Click here!

In This Episode We Cover:

How to make your real estate business as simple as possible

How to take the complexity out of tasks that seem difficult at the start

Why simple isn’t easy (but it’s worth it)

How to stop yourself from “building too many bridges

Why you need to hire before you’re ready 

The importance of rehearsing your steps (in business and surfing)

How to become the “Superhero” in your story

Why Brandon had a mullet in his youth

And SO much more!

Links from the Show

BiggerPockets Forums

OpenDoor Capital

BPCON2021

J Scott 's BiggerPockets Profile

BiggerPockets Business Podcast 18: How to “Have It All” by Living with Intention with Brandon Turner

BiggerPockets Podcast 394: Making a 25 Deal/Year Business (and Marriage) Work… Together! with Elliot and Chrissy Smith

Ryan Murdock's Facebook Profile

Check the full show notes here: https://www.biggerpockets.com/show484

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jul 08, 2021
483: The 5 Things You Need to Build a $1,000,000+ Rental Portfolio
01:07:15

Last week, Brandon and David sat down to talk about the “Core 4” of any successful real estate team. Now they’re here to talk about the “Divided 5-ed”, a term they coined to describe the five team members you’ll need to scale your portfolio to new heights. Both Brandon and David agree that a sizable, growing real estate portfolio needs to be thought of more as a business than just a group of rental properties.

Maybe you’re looking to scale into large multifamily properties, commercial properties, self-storage units, or mobile home parks. Or maybe you’re just going to buy 1,000 single-family homes. Whatever your strategy, you will need a lead generator, underwriter, money raiser, asset manager, and financer/bookkeeper on your team. You may start out doing many of these roles when you buy your first few properties, but as you scale, you’ll need to fill these roles with more fitting individuals.

Maybe you want to get more experience before you start buying properties. Great! Join someone else’s team and think about how you can be the BEST in the role that you’ve been appointed to.

In This Episode We Cover:

The five roles that will make scaling possible (and easy) for your future acquisitions

How to choose the asset class that fires you up

Using DISC scoring to decide who would be best for each role

How Brandon built his team at Open Door Capital using this layout

Finding a team where you learn, grow, and thrive

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Youtube Channel

BiggerPockets Pro Membership

Open Door Capital

BiggerPockets Podcast 481: Build an Unstoppable Real Estate Portfolio with the “Core 4”

BiggerPockets Podcast 407: Buying 100+ Houses/Year in 4 Hours/Week Using Teams, Traction, and (Get this…) TikTok with Ryan Pineda

BiggerPockets Podcast 444: 150 Deals at Age 22 by Putting Relationships Over Profit with Cole Ruud-Johnson

How to Use the DISC Profile to Communicate Effectively in Business

BiggerPockets Events

BiggerPockets Facebook Group

BiggerPockets Store

Brandon's Instagram

David's Instagram

Click here to check the full show notes: https://www.biggerpockets.com/show483

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Jul 04, 2021
482: Full-Time Fireman Does 300 Deals While Working 40 Hours/Week
00:55:58

Everybody is busy. We have jobs, kids, businesses, and responsibilities to take care of. Why go out of your way and risk your money and time to invest in real estate? Mike Webb, firefighter, investor, flipper, and wholesaler argues the opposite. Mike says that it’s far riskier to simply rely on your job for the entirety of your income.

Mike began his investing career by investing in a side-by-side duplex, rehabbing it, and failing to complete a successful BRRRR. After seeing the cash flow and learning from his mistakes, Mike saw an investment strategy that could carry him to financial freedom. He is still working as a full-time firefighter, but is building his portfolio and completing 20-30 flips per year while he does so. This gives Mike the ultimate freedom to do whatever is best for him and his family, even though he loves his job.

In a world where it seems cool for everyone to quit their job, Mike reassures those who like their work that it’s worth staying, especially to keep that investment money flowing. He also walks through his partnerships, how he hires his team members, and what you can do to systematize your business so you can outsource your work as you take on more strategic roles! 

In This Episode We Cover:

Why you don’t have to choose between a career and investing in real estate

Learning from your first deal and using your newfound knowledge to expand

Why the 1% rule and 2% rule shouldn’t be the ONLY metric you consider during deal analysis

Using the BiggerPockets Forums to meet partners, mentors, and other real estate professionals

The “OODA Loop” and why it’s a great tool for organizations

Starting a meetup and being in the know with local investors

Why working AND investing decreases your overall financial risk

And SO much more!

Links from the Show

BiggerPockets Forums

BiggerPockets Youtube Channel

BiggerPockets Podcast 469: Why Do Investors Lie to Themselves? +More Audience Q&A (Pt. 2) (Mike's question)

BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene

Open Door Capital

Voxer

Slack

Loom

WizeHire

Google Docs

BiggerPockets Events

BiggerPockets Facebook Group

BiggerPockets Store

Brandon's Instagram

David's Instagram

Check the full show notes here: https://biggerpockets.com/show482

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jul 01, 2021
481: Build an Unstoppable Real Estate Portfolio with the “Core 4”
01:07:56

David Greene is great at coining new terms, just like his co-host Brandon Turner. Today we talk about the “Core 4” of any successful real estate investor's team. This includes the agent/deal finder, the property manager, the lender, and the contractor. Without these Core 4, you’ll have trouble building a real estate empire, especially if you’re doing so long distance. The good news? Even if you’re a brand new investor, you can start building out these relationships today!

With the help of BiggerPockets, you can find agents, lenders, property managers, and contractors. You can also head over to the forums and chat with other investors in your area, get their take on who’s the best in the business, and use their referrals to grow your team.

Are you an agent, lender, contractor, or property manager? Great! Brandon and David drop some tips on how you can attract the best clientele that will help you grow your businesses as well. The most important part of any of this is having open, honest, consistent communication with your team members and making sure nothing is falling through the cracks so everyone knows exactly what they should be doing.

In This Episode We Cover:

What the “Core 4” is and why it’s crucial for all real estate investors

How to find an agent using BiggerPockets’ agent directory

What agents can do to find clients that will close many times over

Why you should never “just go for the rate” when comparing lenders

Why a great property manager should be out of sight and out of mind

Choosing a contractor who ISN’T just an “order taker”

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Youtube Channel

BiggerPockets Pro Membership

Real Estate Investing Calculators

Beardy Brandon

BiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy

BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan

BiggerPockets Podcast 475: 50x Your Revenue By Focusing on ROR (Return on Relationships) with John Ruhlin

https://www.biggerpockets.com/show481

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Jun 27, 2021
480: Making $200k a Month After Being on the Verge of Bankruptcy
01:08:40

At one point, Dan Brault had a construction company working on custom builds in upstate New York. He had left behind a successful sales career to do it and although he was highly stressed, he felt all of his hard work was going to be rewarded sometime soon. That is, until, he had a huge project that went over budget, over the timeline, and forced him into $400,000 worth of debt.

Dan closed his company, went back to sales and started to think about what he did wrong. Was it the leadership? Was it the system? Was it just bad luck? Dan went to work, doing whatever he could to level up his business skills so he could get back into real estate full-time and do so in a way that allowed him to scale.

Now, after going through many of life’s lessons, Dan is doing phenomenally, with him and his team closing on 12+ wholesale deals a month, getting him close to $200k in monthly revenue. He credits his success to his systems, his team, and the way he pivoted his leadership that allowed the entire company to work as one well-oiled machine.

In This Episode We Cover:

The danger of buying cheap homes in C or D-class neighborhoods

On-market vs. off-market properties and which investors should go for off-market deals

Dan’s favorite off-market strategies and the way he gets most of his leads

Finding the “price behind the problem” so you can close on more deals

Forming partnerships with real estate brokerages as a wholesaler

The high costs of running a wholesaling team

What sets apart gurus and gimmicks from real, honest coaches

And SO much more!

Links from the Show

BiggerPockets Forums

BiggerPockets Youtube Channel

Tony Robbins

BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah

Facebook Marketplace

Darrin Damme of Bullseye Branding

Left Main REI

GoBundance

JD Mindset Academy

Beardy Brandon

Check the full show notes here: http://biggerpockets.com/show480


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Jun 24, 2021
479: 10 Powerful Lessons Brandon Learned Building a $50M+ Rental Portfolio
00:50:50

We all reach a point of complacency. We tell ourselves that we’ve done enough, it’s too hard to go further, or we don’t have enough experience, money, or time to accomplish the goals that seem impossible. Brandon Turner, host of the BiggerPockets podcast, was feeling this way too, sitting on a decade worth of real estate, with enough passive income to live his life how he saw fit. It wasn’t until Brandon started surrounding himself with people who did much more than him that he realized he wasn’t hitting his true potential.

Now, leading the real estate syndication Open Door Capital, Brandon has more than 10x-ed his rental portfolio, built a life he loves in Maui, and worked with some of his heroes. This wasn’t by accident, it also wasn’t dropped into his lap. Brandon spent serious time thinking about his “vivid vision” of the future, what he wanted out of life, and who would help him get there.

He’s had ups and downs, with some of his favorite employees leaving, partnerships falling through, and deals being lost. All of these proved to be valuable lessons in his ongoing work to create a mobile home empire and become the best of the best at what he, and his team, does.

In This Episode We Cover:

The 10 lessons Brandon learned starting Open Door Capital

Why it’s crucial to have a goal for your life and shoot towards it

Understanding when you’ve become complacent and finding inspiration

Giving up more to work with partners who will bring you far, far greater returns

Working for your employees and doing anything you can for their success

How coaching allowed Brandon to open up his mind to huge possibilities

Using a “Hunger Games” style recruiting technique when finding new talent

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Youtube Channel

BiggerPockets Membership

BiggerPockets Book Store

Open Door Capital

BiggerPockets Podcast 403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason Drees

BiggerPockets Podcast 369: Escaping the Day-to-Day Grind to Work on Your Business with Jefferson Lilly

BiggerPockets Podcast 246: Surviving the Coming Crash, Earning 20% Returns, and Buying Mobile Home Parks with Kevin Bupp

BiggerPockets Podcast 447: Create Your Dream Life in 3-5 Years Using Vivid Visions with Cameron Herold

BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray

BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray

Pre-order Multifamily Millionaire by Brandon Turner and Brian Murray

https://www.biggerpockets.com/show479


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Jun 20, 2021
477: Discomfort & Uncertainty Lead To Victory w/ BJJ Black Belt Ryron Gracie
01:25:24

What happens when you’re pinned to the floor in the middle of a fight? Someone has you in a locked position and you can’t move. You’re sweating, you’re angry, and you start feeling the will to fight flow through your whole body. Although we’re talking about Brazilian Jiu-Jitsu with the legendary trainer and black belt, Ryron Gracie, we could easily be talking about real estate.

So many new real estate investors come into this space being scared of discomfort, wanting to be hand-held, and feeling like there is no way to hit their investing goals. That is until they’re put in the proper position, scenario, or matched up with a great teacher. These are the exact lessons that Ryron shares with us today.

As a lifelong Jiu-Jitsu practitioner, and now a teacher himself, Ryron knows that the same lessons applied on the mat should be applied in everyday life. Lessons like: be comfortable with discomfort, never get pulled into anyone else’s fight, and change the game to fit your needs. This not only makes Ryron a financially successful individual, but a master in martial arts. 

Even if you’ve never done martial arts, had any interest in Brazilian Jiu-Jitsu, or started real estate investing, this episode will help you change your mindset to thrive in situations where you feel lost and helpless, which is something all of us need throughout our lives.

In This Episode We Cover

“Emotional Jiu-Jitsu” and how to find comfort in difficult conversations

Taking the fight to the ground and changing the game

The crossovers between martial arts and building wealth through real estate

Putting your ego and insecurity to the side and doing what’s truly best for you

Realizing when you’re coming from a place of lack

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Youtube Channel

David's Instagram

Gracie University

Check the full show notes here: http://biggerpockets.com/show477

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jun 13, 2021
476: Using Partners to Scale & Killing it With Airbnbs w/ Tony J Robinson
00:57:30

Normally we have two hosts and one guest, but today we have three hosts, and one of them happens to be a guest as well. We welcome Tony J Robinson, host of the BiggerPockets Real Estate Rookie Podcast, to the show! Tony has grown a respectable following due to his impressive short-term rental portfolio, his ability to scale quickly, and his made-for-radio voice.

Tony grew up with real estate around him. His dad had a wholesaling company, and when it closed down his father relayed to Tony that his biggest mistake was failing to keep any of the wholesale deals as rentals. With this advice in mind, Tony saw an opportunity to fix up some rental properties in Louisiana. This gave him an intro to real estate funding, and after a few successful deals, he decided to dive in head first.

Now, Tony has short-term rentals in Tennessee and Joshua Tree. He’s started multiple partnerships and speaks on the benefits of having reliable, trustworthy partners, plus how to avoid toxic partnerships that will stop you from scaling. He also lets us in on his free and simple method of finding out whether or not a market will work for short-term rentals.

In This Episode We Cover:

  • The importance of having cash-flowing passive income
  • Why you should never treat a rental like your primary residence
  • Buying in markets that are heavily reliant on tourism 
  • How to make a strong, stable, and reliable partnership 
  • The risk vs. rewards of short-term rentals
  • Long-distance real estate investing as a rookie investor
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show476

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jun 10, 2021
475: 50x Your Revenue By Focusing on ROR (Return on Relationships) with John Ruhlin
01:09:51

You wouldn’t think that a farm boy from Ohio would be spending hundreds of thousands if not millions on expensive clothing, high-priced whiskey, and expensive knife sets, would you? Only, he’s not buying these things for himself, he’s buying them for his clients, many of whom are some of the biggest names in business and entertainment. What does John Ruhlin from Giftology see in gift-giving that we don’t?

First, John realized that giving regular corporate gifts, like a stress ball or a free pen, wouldn’t cut it when trying to build long-term relationships. He even went as far as to get courtside NBA tickets paired with a $500 steakhouse dinner to get Cameron Herold (a past guest of ours) on his team, only to find that Cameron was severely disappointed. So he started turning up the personalization of his gifts.

Now, John sends out personally engraved knife setsworld-class food and wine pairings hosted by the best sommelier in the country, and video messages sent in physical boxes (seriously). He’s discovered the art and the science behind gift-giving and wants everyone to know what is, and isn’t an appropriate gift. As he puts it, you need to focus on your ROR (return on relationshipsmore than your ROI.

In This Episode We Cover:

  • The gifts you SHOULD NOT give to those you want to impress
  • Focusing on ROR (return on relationships) as opposed to ROI
  • Have a “relationship plan” in place for clients, employees, and partners
  • Using personalized gifts to stick out from the competition
  • Taking a warm lead and turning it into a burning fire 
  • The best gifts to give based on the occasion, timing, and relationship
  • And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show475

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jun 06, 2021
474: How this Busy Mom of Three Bought $75M of Real Estate w/ Pili Yarusi
01:13:15

Letting go of something successful isn’t easy, but what if you know it’s costing you your dreams? Today we talk to mother, real estate agent, and massive multifamily investor, Pili Yarusi, about doing what it takes to stay focused, engaged, and on top of your life.

Pili moved out to New York from Hawaii with dreams of becoming a star in theater but ended up working as a bartender. Lucky for her, bartending is where she met her husband and future business partner. Together, they started flipping houses, which taught her not only to systematize investments but also to use her creativity in an efficient way. She and her husband later expanded into wholesaling.

Pili knew something was missing and she wanted to focus more on growing a multifamily portfolio. With help from some mentors, she realized that the main thing holding her back was her current (and very successful) flipping and wholesaling business. She closed both businesses, got herself systematized, and went head first into multifamily.

Now this homeschool teacher/mom is sitting on $75,000,000 in real estate, totaling in at 850 units. No small number by ANY means! She gives some incredible advice on what new investors need to do before they can reach their goals of owning big portfolios.

In This Episode We Cover:

  • Limiting your creativity (in a good way) when doing flips and rehabs
  • The 4-3-2-1 principle and waking up with A.L.O.H.A
  • Identifying as the person you want to become, and letting go of less useful identities
  • The right (and the wrong) way to train employees and build a team
  • 506b vs 506c syndications, plus what to know if you want to start one
  • And SO much more!

Links from the Show

 Check the full show notes here: https://www.biggerpockets.com/show474

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jun 03, 2021
473: Quitting the Police Force, Wholesaling, & Buying Notes with David Greene
01:10:08

There is only one man on the podcast today that has a beard, and no, it’s not the guitar-playing, surfing, 7-foot tall one. David Greene is “seeing Greene” in this episode and gives new and experienced investors advice and answers on their questions. We go through a range of subjects from real estate notes, quitting a W2, scaling, and whether or not to start a property management business.

With David’s experience as a W2 police officer, agent, broker, investor, and lender, he can give all kinds of great answers related to real estate. So whether you’re a newbie trying to get your first deal done or an experienced landlordclosing on a new house every week, there is probably some question David answers that can help you out!

All of these questions have been asked by BiggerPockets listeners either via video or from Facebook. If you weren’t able to get a question answered by David this time, you can submit a question at this link.

In This Episode We Cover:

  • Purchasing a property from a wholesaler
  • How to place properties under an LLC once purchased
  • Is land worth pursuing or should you stick to properties?
  • When is the right time to quit your W2 and pursue real estate
  • Can you 1031-exchange a flip into a buy and hold rental?
  • And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show473

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

May 30, 2021
472: Here’s What You SHOULDN’T Do When Long-Distance Investing
01:18:19

Nick Lamagna wasn’t planning on getting into real estate investing. When he finished college he knew that he wanted to go into law enforcement to help with counter-terrorism. He scored well on all the tests needed to be a great candidate for his dream job, but when he suffered a permanent hand injury, he was disqualified from working in law enforcement.

During a period where Nick didn’t know what he was going to do, his mom forced him to read Rich Dad Poor Dad, which (like many of our listeners) changed his view on making money and having a career. After the initial interest was sparked, Nick started tackling real estate deals outside of his native state of New York.

He faced challenges with getting mortgages, so he partnered with other real estate investors. He needed more cash, so he started wholesaling. The 2008 housing market crash happened, so he decided to start flipping. And now, Nick is going into bigger deals like commercial real estate and mobile home parks.

Nick’s advice to new investors: think creatively, get comfortable with being uncomfortable, be in constant contact with your team, and don’t stick to one strategy.

In This Episode We Cover:

  • Long-distance real estate investing when your local market is too expensive 
  • Building a buyers list for wholesaling and networking 
  • Partnering with others who can finance real estate purchases 
  • Why communication is key when doing long-distance renovations 
  • Turning your weaknesses into your greatest strengths 
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show472

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

May 27, 2021
471: What Michael Jordan and Kobe Taught Tim Grover about "Winning"
01:10:05

We like to think that we have a lot of winners on the BiggerPockets Real Estate Podcast, whether they are in real estate or not. We may have one of the biggest winners on today's show. Tim Grovertrainer to Michael Jordan and Kobe Bryant joins us to talk about overcoming adversity, developing a winning mindset, finding what makes you fail, and his new book, accurately titled Winning: The Unforgiving Race to Greatness

Tim argues that one of the hardest things to succeed in is business since there are so many factors that influence success. When you own or run a business, you’re constantly being thrown curveballs (like a global pandemic tied with government shutdowns). So how do you succeed when there is a constantly changing game plan? You adapt, you overcome, and you mitigate failure.

These are the exact lessons that Tim taught to his high-profile clients, like Michael Jordan and Kobe Bryant, arguably the two greatest basketball players of all time. Before MJ and Kobe became the best, they had to master being average, then being good, then being great. So many people want to take shortcuts to greatness, not understanding that mastering those different levels is what truly puts you on a different stage than those who master the average level and give up.

In This Episode We Cover:

  • What really holds people back when they say they want something
  • Focusing on recovery and health before trying to up your abilities
  • Becoming a constant reminder to others to win and shoot for success
  • How to stop performing with emotion and start performing with energy
  • Stop confusing “finishing” with “winning”
  • Struggling with balance when succeeding in your career, family life, or anything else
  • And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show471

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

May 23, 2021
470: The 7 Tips @investorgirlbritt Used to Go from Amateur to Pro Investor
01:06:00

There has been a great feud between Brittany Arnason and Host of the BiggerPockets Podcast, Brandon Turner. Both of them have done lots of renovations on houses, secured millions in funding, and live right next to the beach in Maui, but only one of them has won a “quickest person to get to 200,000 followers on Instagram” battle. We’re happy to have the winner on our show as a guest today!

Brittany started out her real estate journey when she was 18 years old, buying her first rental property and tackling a multitude of different DIY projects. If you haven’t heard her story, you can check it out on episode 320. Now she’s back to talk about how she moved to Maui, hired out her employees, secured funding on commercial deals, and used social media to get her deals and connections.

Her biggest advice to new investors, “jump in before you’re ready”. You won't ever have all the answers, but those who get started will finish far ahead of those who always dream about being an investor. You can also help ease the stress and unforeseen speed bumps by getting in groups with other investors, following those you look up to on social media, and becoming a resource for future mentors.

In This Episode We Cover:

  • Using social media to find deals, mentors, employees, and friends
  • Generating leads in unorthodox ways 
  • Fighting back against imposter syndrome and seeing your strengths
  • Getting super cheap interest rates when closing on commercial mortgages
  • Why the bigger deals tend to be the more passive ones
  • Why whatever you believe can end up being true
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show470

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

May 20, 2021
469: Why Do Investors Lie to Themselves? +More Audience Q&A (Part 2)
01:06:52

We interview a lot of great guests on our Sunday episodes of the BiggerPockets Real Estate podcast, but we rarely hear from agents, investors, and BiggerPockets listeners who are in an early stage of real estate success. Both Brandon and David know what it’s like to be grinding, day in and day out, to get your real estate business off the ground. That’s why they’re here today to answer questions from live listeners about mindset, mentality, and growth.

We talk to Brody, Joseph, Wale, and Mike, all in different stages of their real estate journey, and all very committed to success! You’ll hear questions like:

  • If given the chance to go back, what would Brandon and David do differently?
  • What deserves more emphasis, mindset or skill set?
  • Is it okay to explore different opportunities at an early stage of investing?
  • How to find balance when SO many opportunities are exciting?
  • How do you make time for family, a job, side businesses, and real estate?
  • Why do investors lie to themselves?

Thanks again to our guests for coming on and throwing such great questions at Brandon and David!

In This Episode We Cover:

  • Leaving your W2 job to pursue real estate and other opportunities
  • How to harness your mindset to grow your specific skill set
  • The power of house hacking, and how it pushes your portfolio forward
  • Scaling bigger and faster (even if it’s scary)
  • Developing the ability to adapt, so you can survive any situation
  • How to stop making promises that you’ll fail to uphold
  • And So Much More!

Links from the Show

 Click here to check the full show notes: https://www.biggerpockets.com/show469

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

May 16, 2021
468: You Asked, Brandon and David Answered: Real Estate Q&A (Part 1)
01:01:32

Last time we did a live Q&A, fans from all over came on to ask questions to Brandon and David. Now we’re back, answering the questions that BiggerPockets Real Estate Podcast fans have on their minds. We’ll go over a handful of questions, all from different investors in different parts of their real estate journey. Questions include:

  • How can investors offload their unwanted properties to charities?
  • How do I stop analysis paralysis even after so much research?
  • Is it a good idea to buy in an area with a falling population?
  • What metrics should I look for when scaling my portfolio?
  • What’s the best niche to build wealth fastest?
  • Plus other commonly asked questions

Thanks again to our guests Nicole, Michael, Ryan, Owen, and Emily for throwing their great questions at Brandon and David!

In This Episode We Cover:

  • The biggest regret that most real estate investors have
  • Scaling to bigger and better deals (with higher unit counts)
  • Finding a mentor who can push you to accomplish BIG deals
  • Using other people’s money to build your real estate portfolio
  • The best niches for newbie investors to start out in
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show468

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

May 13, 2021
467: #1 NYT Bestselling Author Adam Grant on the Need to “Think Again”
01:14:05

Everyone wants to be right all the time. We have so many preconceived notions running through our heads at all times, and we always think that we’re the ones standing on the right side of history. What if that train of thought was secretly pushing you to failure, or even death? Adam Grant argues this point in his book Think Again.

Adam hypothesizes that the main reason so many businesses, relationships, and experiments fail is because those in them tend to be locked in on one view. How many times have you been in a fight with your partner where you realize you maybe wrong, but also realize it would be worse to back down from your original stance?

This is how businesses like Blockbuster and Blackberry slowly faded away while the likes of Apple and Microsoft flourished. Adam talks through some of the best (and worst) moments in business history when companies thought they were too big to fall. The same goes for political candidates, social movements, and almost any other type of human-to-human interaction. The one way you can be sure you’re coming out with the right conclusion? Think like a scientist! 

In This Episode We Cover:

  • The preacher, prosecutor, and politician mindsets 
  • Valuing humility over pride and stopping your ideas from becoming your identity 
  • How ego, image, and regret play into the way we act
  • Blackberry vs Apple and how Steve Jobs made the right decision 
  • Why you should give people FEWER reasons to back up a proposal
  • Why “super forecasters” will never let a bias persuade them
  • And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show467


See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

May 09, 2021
466: Buying “Lottery Ticket” Investment Properties with Alan Corey
01:14:15

Alan Corey has had an interesting career to say the least. He’s been an IT worker, a comedian, an author, a real estate investor, and even a reality TV star. Alan has always been fascinated with making passive income in a frugal, but very intelligent way. He’s so frugal in fact, that he made up a crazy story to be on the Jerry Springer show, just to get a free trip to Chicago out of it. Talk about being committed!

Alan’s real estate story starts off with buying a 1 bedroom apartment in Brooklyn, New York, hanging up a curtain in the living room, and house hacking. He then repeated this strategy over and over again, becoming a millionaire before 30 years old, with a lot of property and “good debt”. Alan is part of the FIRE (financial independence retire early) community, but instead of investing mainly in stocks, he does so in real estate.

His strategy is simple: buy a rental property for every bill you have, then start inventing “fun bills” as excuses to buy more rental property. Whether you’re looking to pay off your phone bill every month, or finance your brand new Tesla, this strategy will work for you. Alan also “hides money from himself” so he can be better off in the future. Right now he’s sitting on around $8,000,000 of real estate solely from his own investments.

His new book House FIRE teaches you everything you need to know about retiring early with real estate!

In This Episode We Cover:

  • Chasing financial independence and early retirement with real estate
  • Taking on good debt so you can grow you real estate portfolio faster
  • Thinking of each property you buy as a “lottery ticket”
  • Alan’s books: A Million Bucks By 30 and House FIRE
  • The danger of high-interest consumer debt (like credit card debt)
  • Seller financing and zero cash-flow triple net leases
  • And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show466

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

May 06, 2021
465: How Ryan Serhant Uses "Big Money Energy" To Make Millions
01:10:32

If you don’t feel amped up to accomplish your goals, you definitely will after this episode. Today we talk to real estate agent, entrepreneur, author, and Million Dollar Listing New York star, Ryan Serhant. You’ve probably seen Ryan selling ridiculously nice (and expensive) homes on TV, but today you’ll be the private audience to hear his backstory, his work ethic, and how he developed his big confidence.

Ryan moved to New York to become the next big star in theatre, but after seeing the financial position of those “successful” actors he looked up to, he made a pivot. Ryan got his real estate license and started listing apartments to pay his bills, but was given a golden opportunity when an foreign buyer specifically chose him to find her next multi-million dollar home in New York City. Ryan still remembers the lack of confidence he felt when he got the listing, and knew the only thing to do was educate himself and practice his pitch. Long story short, he helped the buyer find her dream home, and the rest is history.

You’ll hear Ryan talk about the importance of confidence, not only in this podcast, but in his new book Big Money Energy. Brandon and David both agree with Ryan on how important, and often undervalued, having confidence is. Not just confidence in your work, but confidence that you’ll be able to accomplish the most challenging tasks you set for yourself!

In This Episode We Cover:

  • Selling the most expensive home in Florida
  • Using the pandemic to springboard a new career or venture 
  • Taking on a task, developing the confidence, and succeeding 
  • Leaning to own the things that make you different from everyone else
  • Stop focusing on the deals and start focusing on “the work”
  • Many, many multi-million dollar deal stories
  • And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show465

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

May 02, 2021
464: Scammed, Cheated, But Still Coming Out with 50 units with Welby Accely
00:50:02

Many, many people give up on real estate after just one bad deal, one bad tenant, or one bad flip. But what if you lost all you had from real estate deals, would you still be willing to bet on real estate? What if you lost it all twice? Welby Accely, has been in that position. He lost all he had, two separate times through dicey real estate deals. He never did give up on real estate, and now he’s sitting on 50 rentals and over 70 completed flips.

Welby grew up in Brooklyn, and knew that his godfather was doing well in real estate, so when he got older, he decided to give it a shot. He invested in a multifamily deal in Atlanta, overleveraged himself, and had it foreclosed on him. A few years later, he had another Atlanta property taken from home. Welby was wiped out. He got scammed, lied to, and dove in too deep a couple times.

After these tough experiences, he knew he had to do whatever he could to make sure his due diligence was top notch. He was later told about Connecticut, and decided to take some serious time exploring the market, building relationships, and networking. Then, he started flipping. 1 house a year, 2 houses a year, then 15 houses a year, and now 20 houses a year.

Now, Welby takes young and aspiring real estate investors on “ride alongs” so they can see exactly what it’s like to be a real estate investor!

In This Episode We Cover:

  • How crucial it is to understand your market before you invest
  • Never trusting a new partnership without proof of concept and contracts
  • Pulling yourself back up after losing tens of thousands of dollars
  • Putting in offers everyday so you can secure a deal
  • Hard money loans vs. using your own capital
  • Helping build other’s businesses so they stay loyal to yours
  • And SO much more!

Links from the Show

 Check the full show notes here: http://biggerpockets.com/show464

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Apr 29, 2021
463: How to Get Your First or Next Property (Step-by-Step) in 90 Days
01:18:45

We often have famous guests come on the BiggerPockets podcast and talk about their deals, their businesses, and their journey. Today you’ll hear from one of the biggest real estate celebrities, Brandon Turner, as he goes through the 90-day challenge, preparing you to buy your first (or next) real estate deal in the next 90 days.

You’ll hear Brandon’s story on why he went into real estate, how he grew his portfolio, and the exact steps he took to reach financial freedom and grow his portfolio to over 1,000 units! We’ll go through developing a real estate strategy, picking a niche, finding your “why”, finding a deal, marketing, financing, and calculating a real deal live on the (pre-recorded) webinar!

This is the hand-down best place to start as a newbie investor or an investor who just wants to grab some more deals in the next 90 days. These actionable steps have helped hundreds of investors across the BiggerPockets forums, and can help make you a successful real estate investor sooner!

In This Episode We Cover:

  • Discovering your “why” behind investing, real estate, financial freedom
  • How to find deals even in competitive markets 
  • Going over a live deal using the BiggerPockets rental property calculator
  • How to find your “home run number” that makes a deal great
  • Using the L.A.P.S funnel to never run out of deals
  • Financing and funding your first property (even with no or low money down)
  • And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show463

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Apr 25, 2021
462: The 5 Fundamentals That Lead to $35M of Real Estate in 1 Year with Terrance Doyle
01:17:26

Some would call Terrance Doyle a “baller”. Not because he’s done hundreds of millions of dollars in real estate transactions, or because he has done over 600 flips, or because he helps lead the Tribe of Multifamily Mentors. Terrance played college basketball, which grew into working as an NBA sports agent, garnering him access to famous coaches, players, and executives.

Terrance and a couple of his college teammates started a franchise after college, and needed somewhere to park cash. Another teammate helped Terrance buy a foreclosure at a public trustee sale, which he flipped for a sizable profit. This is when he knew that the real money was made in real estate. Between 2008 and 2014, Terrance did over 600 flips, in multiple different areas of the country.

As he learnt to build relationships and rapport with buyers, sellers, lenders, and contractors, Terrance started taking on bigger and better deals. He’s done $35,000,000 in transactions since the start of the pandemic and relies on the five basic fundamentals of real estate: know your market, be aggressive, be faster than the competition, have solid lenders, and make sure your ducks are in a row.

In This Episode We Cover:

  • The 5 fundamentals of successful real estate investing
  • Going from NBA agent to full-time real estate professional 
  • Finding your competitive edge and knowing where you can add value
  • How to invest in a very expensive market (like Denver!)
  • Cap rates, NOI, cash on cash return, and other important metrics
  • How to run your organization more efficiently, so you can do more
  • And SO much more!

Links from the Show

Check the fulls how notes here: http://biggerpockets.com/show462

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Apr 22, 2021
461: Defeating the "Enemy of Success" with Steven Pressfield (The War of Art)
01:13:02

It’s daunting to wake up every day and try your best at whatever it is that you do. Maybe it’s your job, maybe it’s real estate, maybe it’s writing a book. When you sit down at your desk, there’s that little voice that says “get another cup of coffee” or “just take a little email break before you start” or “you’re not going to get anything done, who are you kidding?”

This is the voice of resistance, and to author Steven Pressfield, it’s a voice that needs to be silenced and controlled at all costs. Steven should know, he wrote the book on fighting resistance, The War of Art, where he talks about how to keep up inspiration, even when there isn’t any to be found. As Steven puts it “an amateur does things when they feel like it, a professional doesn’t care how they feel, they just do it.”

This is something many real estate investors struggle with. We want to buy another property, but we get stuck in analysis paralysis, or scared off by some new type of financing, or don’t want to take on another rehab. Professionals don’t let their environment (or their own mind) tell them what they should and shouldn’t do. Professionals do what has to be done.

We also talk with Steven about his latest book A Man At Arms and why the ancient world of nobility and strength intrigued him so much. If you’ve seen any of Steven’s films, read any of Steven’s books, or just want to push through to success, you’ll love his take on writing, success, and failure.

In This Episode We Cover:

  • How to push past failure, regardless of the line of work you’re in
  • Overcoming the “analysis” phase of any new venture or life dream
  • How resistance plays a role in failure for many real estate investors
  • How to fight resistance so you can push through to your goals
  • The villain on the outside, and the villain within you
  • And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show461

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Apr 18, 2021
460: From Sleeping on a Couch to Owning 20 Units (in 2 Years!) with Robert Charles & Ayoka Moss
01:23:53

If you’re listening to the BiggerPockets podcast, you know that the only way to reach financial success is to climb the corporate ladder, right? Nope! Yet, many people still believe that the only way for them to get rich is by going above and beyond for a job, only to be let go when the company is sold or merged. This is exactly what Ayoka Moss and Robert Charles thought, until they were put in a situation where entrepreneurialism and real estate was the only option.

Ayoka had serious drive, especially after reading Rich Dad Poor Dad (a favorite of the BP community). Robert, on the other hand, was working as hard as he could, selling cars, breaking sales records, but once he was let go due to his company being bought out, he had open ears for Ayoka’s proposal. Ayoka and Robert decided to start wholesaling real estate, and had 6 failed deals before they finally found themselves making a profit. Once the money came in, they knew they had to do whatever it takes to reach success in real estate.

Now, only a couple years later, Ayoka and Robert are living rent free, with 20 units, and 35 deals done! That’s some serious change when compared to their old W2 lifestyles. Ayoka and Robert go through how they got deals done, found mentors, and most importantly, changed mindsets to tackle what really matters.

In This Episode We Cover:

  • How real estate wholesaling works
  • Why the corporate lifestyle doesn’t last forever for most people
  • Understanding real estate before you jump in head first 
  • “Un-Labelling” yourself so you can accomplish anything
  • Balancing wholesale fees with cash flowing rental properties 
  • Finding mentors and providing value so they trust you
  • And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show460

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Apr 15, 2021
459: The Superpower of Listening: Get More Out of Your Conversations
01:11:45

Have you ever been in a conversation where someone has had to ask you to repeat something multiple times? It’sfrustrating when you’re trying to tell someone something and they just won’t listen, but what about all the times you’ve been distracted in a conversation? There are a handful of reasons why humans aren’t great at listening, but the benefits to becoming a true listener are off the charts. Better connections, more trust, and happier relationships just to tout a few.

In her book, Listen Like You Mean ItXimena Vengoechea talks about why listening is so important, and why we often get it wrong. Being a great listener is almost like having a super-power, you’ll be able to tell what a person wants and needs faster and more accurately. This can help in almost any business, but especially in a people-first business like real estate when you’re constantly talking to tenants, management, sellers, buyers, or agents.

Ximena goes through the 3 qualities that are most needed when becoming a great listener and how you can put yourself into “listening mode”. She also walks through how to have difficult conversations or conversations with people who aren’t the best listeners, plus what you can do to make sure that the person talking to you really feels heard. This isn’t just a crucial trait for anyone in real estate, but for anyone who wants successful relationships with the ones they love.

In This Episode We Cover:

  • How user research prompted Ximena to write about listening
  • Asking good questions that help people open up more
  • Cutting out the distractions and being present and mindful in a conversation 
  • Why attention tends to waver in day-to-day conversations
  • The 3 most important qualities you can adopt to become a better listener
  • How to be more extraverted in conversations
  • And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show459

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Apr 11, 2021
458: Ditching "Active Investing" for More Passive Income Streams with Tamar Hermes
01:02:25

Every real estate investor knows that things don’t always go as well as we’d like. What happens when you’re hit with a $16,000 bill to fix a sewer, or when 20 of your tenants call you all at once with problems? Some things, like those examples, make active real estate investors envy passive investors. This is why Tamar Hermes decided to go on a more passive route for real estate investing. 

Tamar started at age 28, working as an executive in the television industry. She realized that she was trading her time for money, and without her job, she wouldn’t be able to pay her bills. So, she put 10% down on a duplex and started house hacking. Over time she bought more and more duplexes, some even out of her 401(k). She was an aspiring landlord, but after being hit with the situations above, she decided to sell all her units in Los Angeles and put her money into more passive income streams.

Now she’s invested in syndications, like Brandon’s Open Door Capital to be exact. This gives her far more freedom to pursue her passions in life, without having to worry about those 2 A.M. toilet calls. Tamar refers to herself as a very cautious investor, and that may be why she feels far more diversified with passive investing than active investing.

She also talks through “finding your tribe” and how Gobundance has helped her meet friends and partners within the real estate space. This doesn’t mean you need to go out and find a group, but having friends and allies within your certain niche can help move you miles ahead of the competition!

In This Episode We Cover:

  • Using house hacking as a way to fuel your real estate investing 
  • The difference between passive and active real estate investing
  • Finding cash flow AND appreciation when looking for rental properties
  • Upgrading your investing” and growing your investor mindset
  • Recourse vs non-recourse loans
  • Finding quality agents, certified financial planners, and other partners
  • And SO much more!

Links from the Show

 Check the full show notes here: http://biggerpockets.com/show458

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Apr 08, 2021
457: How Thinking 5 Moves Ahead Can Make You Millions with Patrick Bet-David
00:59:57

Some people are born into wealth, but none are born into success. Success needs to be earned, through pain, hard work, and perseverance.

Patrick Bet-David came to the United States during the Iranian Revolution of 1978, after already being a refugee in Germany. Patrick served in the U.S. Army and prided himself on his ability to party, but after a family health emergency, he decided enough was enough, and he became the hard-working, driven man he is today.

Now, a successful businessman, media producer, best selling author, and CEO, Patrick has a lot of wisdom to share for young and aspiring businesspeople. One of his biggest lessons: don’t waste your pain. Patrick shows how the best of the best in business, sports, or any other field are consistently putting themselves in positions where they have to fight to be the best. Patrick argues that even if you’re the best basketball player in your high school, once you go to college you may be at the bottom of the list, and once you become the best in college, you may be stuck again at the bottom of the professional leagues. This means you have to constantly change, adapt, and improve yourself to become the best of the best.

We also talk about Patrick’s book, Your Next Five Moves and how people who are masters in their skillset are thinking at least five moves ahead of their competition. Want to buy a house? What are the next 5-10 moves you could make right now to get that done. Most people do a single step, stop because it’s too hard, and leave it at that. If you want to be the best of the best, you need to think bigger and understand the importance of the sequencing of those steps.

In This Episode We Cover:

  • Patrick’s journey from refugee to multi-million dollar business owner 
  • Pushing yourself to perform at the highest level you possibly can
  • Giving your children values instead of material gifts
  • Thinking five steps ahead of yourself and the competition
  • Going through a “Personal Identity Audit” and learning to accept yourself
  • Entrepreneurship vs Intrapreneurship
  • And So Much More!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show457

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Apr 04, 2021
456: 126 Multi-Family Units On a Military Salary with Erika Sleger
00:52:10

Anything over 100 units tends to scare many investors, especially rookie investors. How do you even get to 100 units when it’s already challenging enough to get one? That answer is simple: stack them slowly over time. That’s exactly what today’s guest, Erika Sleger, did. Erika heard about house hacking from a lecture in college, so once she graduated she decided to buy a fourplex, live in one unit, and rent out the others.

She learnt some valuable skills from that first fourplex and later sold it for a nice profit, 1031 exchanged it into an 18 unit, and started collecting rent. From there, she used her equity on the 18 unit to buy a 64 unit. Another 16 units here, some more units there, and before she knew it Erika had over 120 rental units. She acquired all of these properties through 1031 exchanges and pulling cash out via refinances for down payments.

Managing over 100 units isn’t easy, it took Erika a while to find management that worked, and she was still managing her managers. Even with the best due diligence, Erika talks through the challenges of filling and managing so many units. That’s why Erika sold her multifamily properties and moved her money into commercial real estate.

Now she owns “amazon-proof” commercial spaces for coffee shops, a daycare center, and even a car maintenance shop. These leases are triple net, and give her the flexibility to move wherever she wants in the world, without having to over-manage a property manager. This is what “the stack” done correctly looks like!

In This Episode We Cover:

  • House hacking to secure your first rental property
  • Using 1031 exchanges to acquire more properties with no capital gains taxes
  • Buying LARGE multifamily properties and setting up management
  • The importance of due diligence when buying multifamily and commercial
  • Triple net leases and the benefits of commercial buildings
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show456

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Apr 01, 2021
455: Mixtapes to Millions in Real Estate with DJ Envy and Cesar Pina
01:01:47

You’ve probably heard of The Breakfast Club, the morning radio show in over 90 markets that covers everything from hip hop culture, to celebrity gossip, to politics and more. If you've listened, you may recognize DJ Envy’s voice. He’s here today with his partner Cesar Pina, to talk real estate, seminars, and business.

DJ Envy grew up in Queens, New York, and was neighbors with a successful DJ. After he heard how much money DJs were making in the city, he decided to start DJ-ing himself, and began releasing mixtapes. As his success grew, he started working for a radio station and landed a morning show, which later became known as The Breakfast Club.

After buying his first house and later selling it due to a long commute, Envy walked away with around $80,000. He was hooked, and knew that real estate was a long-term way for him to build his wealth and create success for him and his family. He started out buying a house every year and selling it a year later, then bought some homes in Detroit for $15,000 that sold for over $260,000! Envy wanted to get more into real estate, so he was introduced to Cesar.

Cesar was serving time in prison when he first learnt about real estate investing. Once he was released, he decided to jump in. He bought single family homes, then small multifamily homes, then went on to commercial buildings. Now, heowns more than 1,600 units and flips anywhere from 60 to 80 houses per year! His new book, Flipping Keys, comes out later this month.

Cesar and Envy became an unstoppable duo, and now they're teaching others how they too can buy rentals and flip houses. They see this as a way to serve their community and let those who may be unaware of real estate investing have a chance at success and financial freedom.

In This Episode We Cover:

  • How DJ Envy started buying and flipping homes 
  • Buying homes under market value to make high profits
  • Why house hacking is the best way to get started in real estate
  • Buying in Detroit during the early days of the recession 
  • How to use other people’s money (OPM) to fund your deals
  • Why most real estate seminars take more than they give to attendees
  • And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show455

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Mar 28, 2021
454: Retiring in 2 years Through “Aggressive” Rental Property Investing with Rachel Richards
00:58:27

Retiring via passive income is why most people get into real estate, but rarely does someone accomplish that goal within just two years! Rachel Richards, real estate investor, agent, and author of Money Honey shares her story of aggressive real estate acquisition. All purchased, by the way, with at least 20% down!

While her friends in high school may have been reading for fun, Rachel was reading Rich Dad Poor Dad and trying to find the best way to become financially free. After she graduated from college she took jobs where she felt underappreciated and at some points, humiliated. She realized that this was not the path she would go down, and started investing shortly after in 2017. By 2018, Rachel and her husband had acquired 38 doors. Yes, you heard that right, 38 doors in under two years!

These rental properties allowed Rachel and her husband to retire, as they were making six-figure incomes solely from their properties alone. This didn’t mean two years in she was still a rookie. Far from it actually. Rachel had to systematize her rental properties as much as she could within those two years so she could manage them long distance without having huge headaches along the way.

Rachel shares some interesting stories, from turning a duplex into a short-term boarding home, to catching her property managers stealing over $6,000 from her. She’s learnt a lot and put her knowledge into her books Money Honey and Passive Income, Aggressive Retirement, both of which may help you get to where she’s at now!

In This Episode We Cover:

  • Understanding how important financial independence is to your life
  • Dismissing limiting beliefs that you can’t or shouldn’t do something
  • Seller concessions and how you can use them to get more money at closing 
  • Why being too frugal may lead you to lose more money in the long run
  • Systematizing your long distance real estate investing
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show454

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Mar 25, 2021
453: Live Q&A with Brandon and David: Risk, Partnerships, Inspiration and Opportunity of Real Estate
01:18:09

We’re taking a bit of a detour from our regular programming to answer some live questions on real estate mindset! Brandon and David take live questions from investors across the nation on some of the most hard-hitting/commonly contemplated real estate questions and topics such as…

  • Is perceived “risk” deterring you from making strong financial decisions?
  • How do you keep the fire going as an agent and investor when you get rejected?
  • When should you allow team members to take on your roles and processes?
  • What to do to get over the fear of partnerships?
  • How do you balance ambition and being content with your success?
  • How to find inspiration in other people's success?
  • What to do when there is SO much opportunity but you don’t know what to choose?
  • And More!

Brandon and David spend some time answering all of the above questions with life lessons they’ve learned in their investing careers. The solution to the problem isn’t always cut and dry, but almost all of these questions come up in a real estate investor’s career, one way or another.

If you didn’t get your question answered in this episode, stay tuned as we may plan to do another Live Q&A in the future!

In This Episode We Cover:

  • Answers to the top real estate “mindset” questions 
  • Finding your fire and running towards it
  • Letting go of the “I have to do everything” mentality
  • Focusing on one thing, doing a great job, and letting go of the rest
  • Getting your spouse on board for real estate investing/financial freedom
  • Staying content and grounded while also striving for greater things
  • And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show453

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Mar 21, 2021
452: Landing Incredible Deals Using This “Scary” Technique with Steve Trang
01:02:22

Steve Trang is all over social media, he runs a real estate brokerage, a sales training business, and a title company, but he didn’t start out as a real estate professional. Steve was actually an engineer at Intel before he made the leap to become an agent. As luck would have it, Steve got in right as the market was about to tank in 2007/2008. Did this stop him from finding success? Of course not!

Steve was interested in real estate, and after finding out what agents did for a living, he knew he needed to make a career switch. He left his corporate job and headed into real estate, trying to get any leads he could as an agent. His prior employer, Intel, told him that he was welcomed back if he ever needed a job, but when he tried to come back a couple years later, they didn’t have a position available for him. He knew the bridge was burnt, and it was time for him to go full throttle on real estate.

Now, a decade or so later, Steve is teaching his tips and tricks to aspiring agents, wholesalers, and de al finders alike. He has a very specific hiring process, and will only start to evaluate a candidate that fits into his time-tested requirements. This helps him weed out potential employees and keep only the serious ones around.

Steve gives some pointers on the best cold calling tips, the common mistakes that newbies make, and how to mitigate rejection when a cold call goes sour. If you’re afraid to cold call or afraid of being rejected in general during real estate prospecting, Steve talks through how he uses rejection to hit the successful metrics he needs!

In This Episode We Cover:

  • What type of person should be a real estate agent?
  • Knowing that real estate is a long-term success game, not an overnight win
  • Using PPC (pay per click), direct mail, and cold calling to get leads
  • How to hire employees that want success, not just a paycheck
  • Having regular, but efficient meetings with your team
  • The top cold calling tips for those who are prospecting
  • What to do if you’re afraid to cold call (or afraid of being rejected)
  • And SO much more!

Links from the Show

Check the full show notes here: biggerpockets.com/show452

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Mar 18, 2021
451: Stop Chasing the “False Summit”: Have Better Relationships and Results with Michael Hyatt
01:08:13

Does it ever seem like working overtime is a competition? We often see people bragging about how they work 60 hour weeks, work on weekends, or spend the most time at the office or in front of their computer. Does this constant overworking actually accomplish something or is it more of a chest-beating competition?

Michael Hyatt argues that working crazy hours rarely does anything for our productivity, and if anything, can make our work sluggish and dull. He should know, in the beginning of the COVID-19 pandemic as teams were working more than ever from home, Michael decided to do the opposite. Michael lowered his (and his team’s) working hours from 40 hours a week, to 30 hours a week. The result? A profit increase of nearly 100% and company-wide productivity boost.

Not only does your work quality benefit, but so do your relationships, your health, and your outlook on life when you are off of the “grind mode”. Michael believes this so much that he wrote a book about it. Win at Work and Succeed at Lifegoes through what Michael calls the “double win”: winning at life and work, with no tradeoffs!

Michael lists a handful of ways you can instantly improve your work/life balance. Tips on sleep, nutrition, and getting your “daily big 3” done so you can accomplish goals that matter, instead of just being productive. If you ever feel like a workaholic, these tips will help you align back to a productive yet enjoyable schedule.

In This Episode We Cover:

  • Fighting the “cult of overwork” especially when working becomes a bragging right
  • How to keep your business running at full speed while having time for your family
  • The importance of putting up “hard boundaries” so your day can be respected
  • Identifying the “big 3” tasks that you need to get done everyday
  • How to implement “double wins” in your life
  • Knowing which work is important and which work can be put on hold
  • And So Much More!

 Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show451

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Mar 14, 2021
450: How Your First Time Home Buying Decision Affects Long-Term Wealth with Scott and Mindy
01:05:42

First-time home buyer? At some point, all of us were. How do you make sure you’re getting a great deal, how should you pay for it, and what can you do to make sure it’s a purchase that will help you grow your wealth. In today’s episode, you’ll hear from Scott Trench and Mindy Jensen, hosts of the BiggerPockets Money Show. Their new book, First-Time Home Buyer, shows how to buy your first property in a way that sets you up for long-term success.

Most people see their primary home as an investment, but that isn’t usually the truth. Housing is a cost, and like many costs in life, we should try to minimize it when we can. Having a lower housing cost can allow you to invest more of your money, build up safety reserves for repairs, and have the financial bandwidth to live with less stress. 

Scott and Mindy debate cash flow vs appreciation, how much you should put down on your home, and what kind of liquidity position you need to be in to find success in your purchase and future endeavors. Even if you’re not looking to build a rental empire, this is a fantastic book for anyone who is looking into buying for the first time. Don’t know about equity, title insurance, or other real estate terms? No problem! First-Time Home Buyer has you covered

In This Episode We Cover:

  • What will 2021 hold for real estate investors and first-time home buyers
  • Is appreciation or cash flow a better metric to measure
  • How to have a primary residence that sets you up for long term wealth 
  • The 5 steps to finding a great deal on a primary residence 
  • Looking at the market even when you’re not ready to buy
  • What people get wrong when they buy a home
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show450

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Mar 11, 2021
449: How Emails Are Constantly Destroying Your Productivity with Cal Newport
01:10:29

We’ve known for a long time that humans aren’t great at multitasking. Once distracted, our brains find it hard to let go of the new information we’ve just learnt or seen. This is why the constant onslaught of emails, messages, texts, and phone calls could be killing our productivity and creativity. Cal Newport, author of A World Without Email, has seen this first hand.

Cal discusses something he likes to call “Hyperactive Hivemind Workflow”, which is essentially what happens to our brains when we’re constantly being nudged by electronic messages. When you’ve got your head down and are working hard on an important project, just a simple glance at an email can spin everything out of whack.

Here’s the thing, this is happening to all of us, all the time. We are constantly monitoring our emails and messages, and by the mid afternoon, we’re out of energy. We’ve exhausted all of our cognitive resources. But isn’t it productive to check emails and respond to them quickly throughout the day? This is what Cal refers to as the “fool’s gold of busyness”.

Luckily, there are some ways to get us into a more productive state, without having a barrage of emails in our inbox. Cal talks about efficient meetings, Kanban boards, restricting ad hoc communication, having office hours, and being intentional with your time and attention. While these small email responses may seem like just a minute here or a minute there, they actually eat up a huge part of our work life.

In This Episode We Cover:

  • Why we need to limit our intake of email, messages, and other communication throughout the day
  • Getting your team to be less ad hoc about communication and more intentional
  • Having a “process and procedure first” mindset when starting a business
  • Understanding what the “vital tasks” are in your business
  • Knowing your cognizant footprint and having intentional attention
  • And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show449

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Mar 07, 2021
448: The Lazy Person’s Guide to Financial Freedom in Less Than 10 Years with Dion Mcneeley
00:59:41

Busy people tend to be...busy, and often, real estate investing is one of the things that they “just don’t have time for”. If you feel that way, listen to today’s guest, Dion Mcneeley as he describes his own system for buying real estate the “lazy” way

Dion was a police officer and a truck driving instructor, taking care of his kids as a single parent, and struggling to get ahead. He went from $89,000 in debt to becoming debt free and financially free, thanks to the help of rental properties, in just 10 years. 

After buying his primary home, Dion heard of success in owning rental properties, so he decided to move out of his house and into an apartment to see if he fit as a landlord. He rented the house to his friend, who later moved out without notifying him. Dion tried to make landlording work with another tenant, but ended up being underwater on the house payments. This is when he found BiggerPockets and read Rich Dad Poor Dad

What was Dion’s mistake? He wasn’t running his rental properties like a business. After upgrading his processes, he went on to buy and house hack a duplex. Then he bought another duplex as an investment, and another one, then another house hack duplex. Within just 6 years, he had 7 units and was raking in $2,700 a month in pure cash flow!

Dion talks about the mistakes he made, why he prefers side-by-side duplexes, how he’s located his properties for maximum asset protection, and goes into his amazing strategy for getting tenants to sign longer leases and raise their own rents. You can check out Dion’s Youtube channel or find him on the Real Estate Rookie Facebook Group!

In This Episode We Cover:

  • Why being lazy can be a benefit when building systems for real estate
  • How to use your job and your rentals to achieve a 100% savings rate
  • The benefit of side-by-side duplexes as opposed to two-story duplexes
  • Making sure that your procedures are easy so they can be repeatable 
  • Getting tenants on longer leases and higher rents with the “Binder Strategy
  • Spacing out rentals so you have a large pool of tenants to choose from
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show448

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Mar 04, 2021
447: Create Your Dream Life in 3-5 Years Using Vivid Visions with Cameron Herold
01:20:48

What do you want out of life? What do you want to accomplish in the next 3-5 years? When asked this question, most entrepreneurs give a pretty simplistic answer. Something like “Oh, we’ll get more clients by this time next year” or “I’ll buy two more houses and then I’ll be happy”. How often do we sit down and paint a picture of what we want our life to look like? Today we’re discussing Vivid Visions with their creator Cameron Herold.

Cameron is a veteran in the business world, he likes to say that he was “groomed” by his entrepreneurial grandparents and father to become a success story. By the time Cameron was 21, he had a full-on business that had 12 employees, and at 22 he bought his first rental property. He later became a franchisee for College Pro Painters and was so successful that he went on to coach new franchisees.

He’s partnered with hundred-million dollar companies, grown and sold businesses for millions, coached the CEO of Sprint, a monarchy in the middle east, has written 5 books, and runs the Second in Command Podcast, where he talks to successful COOs. Cameron is someone who clearly has accomplished a lot and has a TON of wisdom to share.

Cameron has serious knowledge on business management and talks about the importance of the CEO and COO relationship. Cameron describes how a COO needs to be a partner to the entrepreneur (the CEO) and operate as the ying to the CEO’s yang. If you’ve heard the terms “the visionary and the innovator” from books like Traction, this is exactly what Cameron is talking about.

If you’ve been wondering where the idea of a “plan” or “vision” comes into play, Brandon, David, and Cameron all discuss their “Vivid Visions” and how it’s led them to success in their life. Cameron coined the term “Vivid Vision” because most entrepreneurs were simply writing down a 1-2 sentence mission statement instead of creating a vision of what they wanted their company and future to look like. This vision not only helps you build a life you want by design, it also entices great executives, employees, and partners to join you on your path to that clear and decisive “Vivid Vision”.

In This Episode We Cover:

  • How Brandon found out about the “Vivid Vision” and how it has changed his worldview since creating one
  • Why Cameron decided to coach COOs as opposed to CEOs
  • The importance of having a COO or 2nd in command that you trust and believe in
  • Why your job postings should scare those who aren’t ready to take risks and grow
  • Why entrepreneurs have such a hard time when letting go
  • How to create your “Vivid Vision” in 7 steps
  • What a great “Vivid Vision” looks like, what it includes, and how to structure it
  • And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show447

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Feb 28, 2021
446: Pivoting the Goal and Swapping Doors for Cashflow with Kyle and Lauren Clugston
00:58:32

Have you ever had analysis paralysis? Maybe you have it right now and that’s why you’re listening to this episode! Kyle and Lauren Clugston would call that “productive procrastination”, and the only way to get out of it is to move forward! They should know, it took them over 3 years before they made their first move in real estate investing

In college Lauren stumbled upon Brandon’s old blog about real estate investing. As she read, she gained more confidence in the craft, and knew that real estate was what she wanted to do with her money. She then started trying to convince her partner, Kyle, that real estate investing was the way to go. As someone without an investing background, Kyle was hesitant, but took a leap of faith which paid off!

Now they're BRRRR-ing their way through New Jersey, with single family and multifamily properties throughout the state. Lauren and Kyle had to learn a lot before they became the real estate success stories they are now. Things like doing inspections, estimating rehab costs, getting financing, setting up systems and procedures, and getting legal documents prepared were at one point a great challenge to Lauren and Kyle. Now, they’ve got them down!

Lauren and Kyle lay out everything they wish their former selves had known, and go through the things that early real estate investors should worry about, and the things they definitely shouldn’t lose sleep over. This advice could save months, weeks, or hours off of your deal analyses and might be just the thing you need to get out of analysis paralysis! 

In This Episode We Cover:

  • Why house hacking is such a great strategy for new investors
  • Focusing on the right metrics, whether it be cashflow or units
  • Defining your specific roles as partners and investors 
  • The importance of weekly meetings with your team
  • Setting up your real estate to run like a business, not just a hobby
  • How to put together an “invest with us” packet for private lenders
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show446

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Feb 25, 2021
445: When to Quit Your Job and Pursue Your Dreams with Rapper Manafest
01:16:10

The BiggerPockets podcast has quite a diverse group of guests that come on the show. We’ve had writers, speakers, businesspeople, and actors, but this may be the first rapper we’ve had with us. Chris Greenwood AKA Manafest is in the studio, and instead of recording beats, he’s recording the best lessons he’s learned through his music career, real estate investing, and online business.

Chris started out like many of us, working a stable job for a large corporation. After years of doing music on the side while working his full time job, he decided to take the jump and make rapping and rocking his career. Chris is the first to admit that this may not have been the best financial decision, and staying on the job for a little while longer could have relieved him of a lot of headaches. That being said, Chris didn’t just survive, he actually thrived in the music scene.

When Chris and his wife decided to move out of their condo to upgrade to a larger home, they brought up the idea of renting out the condo instead of selling. This opened Chris up to the world of real estate investing, and as he saw the checks start to come in, he realized that this was a money maker that could help bring in stable income, passively while he worked on his music.

Now Chris owns various properties and mainly buys from turnkey companies. Brandon, David, and Chris all have their own opinions on turnkey real estate investing, but they all agree on one thing: for those that don’t have much time to be an active investor, it’s a great way to start or stack up rental properties.

Aside from rentals and rapping, Chris developed his own online course to teach other musicians how to successfully market their music in an industry that has such a high barrier to entry. Chris talks through how he separated himself from all the other “course gurus” and how you too can serve as an authoritative figure in your own community with knowledge, experience, and perseverance.

In This Episode We Cover:

  • How Manafest got his start in music (and why he made the jump to full time)
  • The struggles and benefits of working a full-time job and pursuing your dreams
  • Renting your primary residence instead of selling when you move out
  • Not getting sucked into the “you’ll have to fix toilets” fear of real estate investing 
  • Turnkey rentals and why they may (or may not) work for your investing strategy
  • Having the drive to help people before you ask for money or a sale
  • Chris’s book From Red to Black
  • And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show445

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Feb 21, 2021
444: 150 Deals at Age 22 by Putting Relationships Over Profit with Cole Ruud-Johnson
01:01:38

It seems like young real estate investors get more and more impressive every week. Today we talk with Cole Ruud-Johnson, a wholesaler and flipper out of the Seattle area. The impressive part? He’s 22 years old and has done 150+ deals to date! Even at 22, Cole’s journey wasn’t a linear path, he had lots of ups and downs to get him to the level of success he achieves now. 

Cole tried to be a real estate agent at 18, but wasn’t getting the hang of it. After failing at a couple of real estate brokerages, he entered into a third and learned how they were creating their own inventory via cold calling. He decided he’d give this a try, and partnered up with his friend to cold call for deals.

After three months, an agent brought them their first off-market deal. This first deal alone netted them $105,000. Yes, you read that right, six-figures on ONE wholesale deal. This wasn’t enough for Cole, he knew he had to get back out there and work on getting his next deal.

Cole’s small business grew to a small empire, but over time this pushed him into a massive burn out. He had to make some BIG changes in his business, many of which even business veterans wouldn’t be comfortable doing. 

Now he’s here with us on the podcast, talking through his lean team, his deals, his systems, and how new wholesalers can start getting deals. Cole even throws in the script he uses to get wholesale deals over the phone, so if you’re thinking about getting off-market deals or starting your wholesaling journey, this is the episode for you!

In This Episode We Cover:

  • How wholesaling and off-market deals can net big profits
  • Why you need to be consistent when cold calling 
  • The script that Cole uses to get off-market and wholesale deals
  • How to scale your business (and prevent massive burnout)
  • Growing slowly to scale, instead of fast and crashing
  • The types of lists that Cole and his team pull
  • Keeping the flow of communication open between you and your partners
  • Taking action instead of just taking in information
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show444

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Feb 18, 2021
443: 10 Ways to Learn Anything Faster with Jim Kwik
00:47:18

During childhood, Jim Kwik experienced a traumatic brain injury. As a result, he lacked focus in school, wasn’t able to read properly, and at one point, a teacher told him that he had a “broken brain”. So how did a kid with a “broken brain” become the leading mental coach for athletes, CEOs, and movie stars? Simple: Jim looked into how to learn instead of what to learn. Soon enough, Jim was reading faster, memorizing with higher accuracy, and doing well in school.

His friends asked him for some tips so they could improve their grades as well. With some success in his inner circle, he decided to make a flyer for speed reading and memory improvement classes. He put up the flyer at his college hoping one or two people would show up to his impromptu class. Over 100 students showed up, of which 71 signed up for a full course with Jim. After that, Jim knew it was his life mission to help those who wanted to learn, memorize, and live better.

So why is it so hard for some people to memorize things? We forget details all the time, whether it be names, addresses, phone numbers, or other important information. Jim goes through a simple method to memorizing any piece of information, called the M.O.M system. He also outlines 10 tips for a limitless brain, many of which you can implement soon after you finish this episode!

Even something as simple as reading slightly faster can allow you to save weeks worth of time each year. So if you’ve been beating yourself up over forgetting that one seller’s name, check out Jim Kwik’s podcast and his new book LimitlessAs Jim puts it, increasing your memory and reading power not only adds years to your life, but life to your years!

In This Episode We Cover:

  • How Jim recovered from a traumatic brain injury as a child
  • Why school teaches us what to learn, but not how to learn
  • Increasing your reading speed so you can finish tasks faster
  • How to remember important things like names, addresses, and phone numbers
  • The 3 keys to a better memory
  • The 10 tips for a limitless brain (including diet, exercise, and learning)
  • How to learn anything faster (no matter what it is!)
  • And SO Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show443

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Feb 14, 2021
442: Taking "Bite-Sized Steps" to Go from Broke to $20,000/Month with Bryce Stewart
01:04:43

Hearing Bryce Stewart’s story may sound familiar to long-time BiggerPockets Podcast listeners. That’s because Bryce was on Episode 276 where he gave the great metaphor “vacuuming out the truck” relating to real estate investments.

Bryce is back to talk about being a great mentor/mentee, what every contractor needs before working on a rental, how to go from active to passive real estate ownership, and his new book House-Hacker’s Guide To The Galaxy.

Bryce understands what it’s like to be a new investor. Every step seems hard, the end result seems almost impossible, so where do you even start? Simply, take a step forward, no matter how small it is. Even just starting to save a few hundred bucks a month can be your first step towards becoming a real estate investor.

As time goes on, these small steps become giant leaps, and what seemed impossible at first, can now be doubled since you have the know-how. Bryce takes us back to a time where he didn’t know how to get his property taxes lowered, but through very incremental steps was able to make a case and save himself thousands of dollars in the long run.

Looking for a mentor? Stick around to hear Bryce’s top piece of advice for any new real estate investor. This simple tactic can help beginner investors know more about what they’re getting into and also show the mentor they’re serious about their new interest.

In This Episode We Cover:

  • Why small steps can lead to massive leaps in real estate investing
  • How to go from an active to a passive investor
  • Why newbies should know what collateral is and how it affects their loans
  • What every contractor needs to have before they work with Bryce
  • A specialized and creative new BRRRR strategy
  • What you can do to get your foot in the door as a real estate investor
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show442

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Feb 11, 2021
441: House Hacking as an NFL Player? How Former Tight End Hakeem Valles Grew His Real Estate Portfolio
01:16:08

When most people think of professional athletes, they usually think of superstars being paid millions every month (or even every week). Most people don’t come to realize that for everyone on an NFL team, that pay grade isn’t as high. That too, is what Hakeem Valles found out after being signed on by the Cardinals.

Hakeem wasn’t making a lot, and realized that he was essentially throwing away $2,000 a month on rent. After one season with the team, he decided to go on BiggerPockets and ask around for agents and leads in the area. Hakeem ended up with a LOT of responses and found a great agent who helped him close on a fourplex, which he house hacked while practicing with the team.

It’s hard enough to house hack when your tenants know you’re the owner, but it can be even harder when your tenants know you’re an NFL player. Hakeem’s advice: be a tenant of your own property and don’t let the other tenants know that you own the place. Doing this can help reduce some awkward encounters you may have.

After retiring, Hakeem went on to do bigger real estate deals and partnered up on a 40 acre farm! He also owns Perspective Global Media, where he counsels other real estate professionals on how to grow their reach through social media platforms like TikTok and LinkedIn. Hakeem drops some gems towards the end of this episode on how you too can use TikTok to gain followers, clients, and partners!

In This Episode We Cover:

  • Why even professional athletes need to have multiple streams of income
  • How a shocking event in Hakeem’s life changed his outlook forever
  • Fighting income creep and keeping expenses low
  • When renting does and doesn’t make sense for your financial situation
  • The biggest mistake Hakeem made when living in his fourplex
  • How to fight the fear of getting into real estate (and making mistakes)
  • Using social media to leverage your personal brand and grow followers and clients
  • And So Much More!

Links from the Show

Books Mentioned in this Show:

Click here to check the full show notes: https://www.biggerpockets.com/show441

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Feb 07, 2021
440: How a 25 Year Old Bought $1M of Real Estate in 1 Year with Daniel Iles
00:49:30

Believe it or not, TikTok isn’t just teenagers doing dances; there are actually some pretty influential investors on the platform. Meet Daniel Iles, a TikTok and Youtube creator who bought a staggering $1,000,000 in real estate during his first year of investing. Daniel was able to amass this serious sum of real estate while only putting $23,000 down. Now that’s impressive!

Due to an aggressive goal of reading 60 books a year, Daniel picked up a book that many of our listeners have heard of, Investing in Real Estate with No (and Low) Money Down from our very own Brandon Turner. This unlocked the potential of investing in real estate for Daniel. He took advantage of FHA loans, using equity as down payments, and building his credit to get loans from small credit unions and banks.

Daniel now owns 9 units and a combined valuation of almost $1,500,000, still with almost no money down. Daniel stresses that his success comes from systems. Whether it’s systems about credit cards, loans, tenant management, deal analyzing, or anything else related to real estate investing, systems are the key to keeping your sanity when things go wrong.

He also has some tips for new investors trying to acquire a lot of real estate, in a small amount of time. Creating these systems for scaling will allow you to make smart decisions and invest in a way that doesn’t push you to burn out.

In This Episode We Cover:

  • Using TikTok as a creator, not a consumer, to connect with influential investors
  • How Alaska real estate compares to continental United States real estate
  • Securing houses with low or no money down
  • Using equity in a house as the down payment
  • Why small banks and credit unions may be more flexible when funding deals
  • What Daniel looks for in his rental properties
  • Tenant management systems for simpler investing
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show440

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Feb 04, 2021
439: How Are You Marketing Yourself? with BiggerPockets Producer Kevin Leahy
00:41:34

Last week’s show with Marie Forleo was so good that Brandon and David are back with a special guest, BiggerPockets’ senior producer Kevin Leahy, to unpack all the wisdom from the “figureoutable” show.

Kevin learnt about Marie Forleo though his wife suggesting he take some of her advice when transitioning into his current position at BiggerPockets. A simple trick from Marie helped Kevin make some big decisions: see if your body expands or contracts when you think about two different options. This trick, along with her insight on writing your options down in order to take a step back from your situation, has helped Kevin make some hard decisions.

If you listened to last week’s show, you’ll remember that Marie touched on how important marketing is in any industry. Whether you’re a real estate agent, a buy and hold investor, or a flipper, you have to be marketing to get clients, deals, and even employees. How are you differentiating yourself in the market, and what can you do to be “that guy” or “that girl” in your specific industry?

You’ll also hear a special tip on how Kevin lost a deal to another buyer, and the exact tactic that the other buyer used to get the property under contract. Kevin goes through why this is such a great tactic for making sellers comfortable and how you can deploy it in your future deals as well.

In This Episode We Cover:

  • How to stop trying to force square pegs into round holes
  • The importance of taking a step back when assessing the situation
  • Harnessing intense emotions to make a better game plan
  • Why every business person NEEDS marketing in their industry
  • How to differentiate yourself within a market
  • Standing out to sellers to get more deals underway
  • And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show439

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jan 31, 2021
438: The Ultimate Beginner’s Guide to Finding GREAT Deals in ANY Market with Anson Young
00:55:31

Anson Young’s voice may sound familiar to you, that’s because he’s been on the podcast four times! Every time he’s back we learn something new, and today, Anson is talking about how to find and fund great deals, regardless of your schedule, or budget. You don’t need to be a full-time real estate professional to find great deals, just be sure to follow Anson’s advice.

If you haven’t heard Anson’s prior episodes, here’s a recap. Anson has touched on almost every aspect of real estate investing. He flips, he wholesales, and he sells houses as an agent, meaning he has a huge amount of knowledge to share to BiggerPockets listeners. On average, Anson is doing 12-15 flips a year, 10 wholesale deals a year, and a dozen or so sales a year as an agent.

Anson has some great advice on finding off-market (and on-market) deals that include driving for dollars, door knocking, and list building. He also shares how to build a profitable list, what neighborhoods to look into for deals, and how to specify what type of home you’re trying to get depending on your goals.

If you’ve been trying to get your foot in the door to real estate investing, Anson shares why many people have trouble at the start. It all comes down to consistency. If you’re new, it may be fun at first to start driving for dollars, but are you doing it consistently? Do you have an accountability partner that can hold you to a high standard to get the work done? Are you systematizing your leads or trying to juggle them all in your head?

We also talk about Anson’s fantastic book Finding and Funding Great Deals, where you can find everything you need to find and fund your next real estate deal. We’re also happy to announce the BiggerPockets Book Club, where you can hear from Anson live and ask him questions about his deals, his book, and his portfolio!

In This Episode We Cover:

  • How to find profitable deals in hot markets 
  • Determining your goals and aligning them to your investor strategy 
  • What to do if you struggle with consistency in real estate investing
  • How to analyze not only your deals but your market as a whole
  • What to look for in niche lists when prospecting off-market deals
  • Hiring out jobs to get your lead funnel filled
  • How to have your letter stand out when doing direct mail marketing
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show438

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jan 28, 2021
437: How Your “Worst Case Scenario” Can Set You Free From a Job You Hate with Marie Forleo
01:07:46

Marie Forleo, world class coach, marketer, and author, grew up with a mother that did everything. Whether it was retiling the bathroom, fixing a leak in the roof, or performing electrical engineering on small appliances, her mother seemed to be able to figure out almost anything. One day she told Marie “everything is figureoutable”, which became the mantra for her career.

Fast forward a decade or so, Marie is working on the floor of the New York Stock Exchange, surrounded by the mega rich. She was stressed out and felt that she wasn’t in the right place. After a prayer and a cry, Marie knew she needed to get out from a job that was slowly killing her. She made the jump and went after coaching, without any experience, money, or clients.

Before she left her job she asked herself, “what is the worst case scenario if I leave”. She calculated it out, wrote it down, and realized, the worst case scenario really wasn’t all that bad.

Marie strongly believes that although you can be a victim of circumstances, you should never victimize yourself and tell yourself that you “can’t” do something. Everyone has the ability to reach their full potential, but once you start putting up excuses, it’s hard to get there.

Feel the fear”, that’s what Marie told herself in those trying times, and continues to tell herself and her clients that everyday. As she puts it “Fear is really trying to tell you to move towards something”. As real estate investors, this is something we can all relate to, but often don’t put into practice. Well, now's the time to!

In This Episode We Cover:

  • The 3 rules of “everything is figureoutable
  • The power of neuroscience and how you can use it to shape your behavior
  • How would you behave if you were the best in the world at your job?
  • Changing your limiting beliefs to reach something greater
  • Knowing when to leave a bad job and having a plan for the worst case scenario
  • Feeling the fear and running towards things that scare you
  • Pulling yourself out of the victim trap (even if you are a victim)
  • And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show437

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jan 24, 2021
436: Going into Multifamily When You’re Fairly New to Real Estate with Jamie Gruber
01:07:09

There’s a limiting belief that many people have: “I can’t do this thing because I have no experience”. Jamie Gruber disagreed with this line of thinking. Even with no multifamily experience, Jamie decided he wanted to be a multifamily investor. So what did he do? He started the Multifamily and More meetup to network with existing multifamily investors.

This didn’t mean that Jamie had no experience in real estate, he had a small portfolio of single family homes that he started to landlord by accident. Even with no experience in the multifamily space he was interested in, he was able to secure a deal with a member of his network.

Now with 21 chapters and 10,000+ members, Multifamily and More has become a big part of the multifamily investing community. It grew because, as Jamie describes, he added value, stayed consistent with meetings and postings, and built an online community that could network and interact (even during COVID).

Jamie gives his tips on starting a lasting community, how to navigate meetups during COVID lockdowns, finding the best partners for multifamily deals, and the importance of cash reserves when buying a property. Many single family investors want to transition to multifamily, if you’re part of that demographic, join Multifamily and More!

In This Episode We Cover:

  • Turning your primary residence into a profitable investment instead of selling
  • The importance of having cash reserves available when doing deals
  • How to break through single family investing and start growing a multifamily portfolio
  • What a business partner needs to see in you before they can offer you deals, money, or experience
  • The difference between financing residential deals and financing multifamily deals
  • Why you need to have a good operating agreement when partnering on deals
  • And SO much more!

Links from the Show

 Check the full show notes here: https://www.biggerpockets.com/show436

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jan 21, 2021
435: Why Successful People HATE Losing, But Aren’t Afraid to Lose with Scott McGillivray (Part 2)
01:14:58

Scott McGillivray is back for this second part of his amazing interview. Last time we talked about the nitty gritty of Scott’s investments, how he started to acquire houses, and building his empire. Now we’re touching more on the mindset of what makes Scott so successful, and how you can put yourself in his shoes.

Many people may know Scott from his HGTV shows, but maybe you didn’t know he was once in a boy band. Seriously. He took dance classes, convinced his friends to join him, and sold out some shows, but the takeaway from this short-lived boy band was priceless. If you see someone else finding success with something, use their blazed trail to find success yourself.

From his boy band, to being on student council, and even the passing away of a loved one, Scott learned valuable lessonsthat he took with him for the rest of his life, and now gets to share with the BiggerPockets audience.

Scott goes on to share a story that made him pivot the direction of his life as a teenager, and lead him to become the real estate mogul he is today. Scott goes through his top pieces of advice for young people and proves how planting seeds for investments early leads to acres upon acres of residual fruits for decades to come.

In This Episode We Cover:

  • How Scott manages his hectic life between companies, shows, and family
  • Why successful people aren’t afraid of failing
  • What young or inexperienced investors should do when they feel scared of taking a risk
  • Why Scott says you “can’t lose money in real estate
  • The importance of talking to those who are older and have more experience than you
  • Scott’s top pieces of advice for young people just starting out their careers
  • How Scott runs his companies and what he’s doing to be a better leader
  • How you can be the MVP of your company 
  • And So Much More!

Links from the Show

Books Mentioned in this Show:

Click here to check the full show notes: https://www.biggerpockets.com/show435

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jan 17, 2021
434: How HGTV’s Scott McGillivray Started a Real Estate Empire with No Job, No Money, and No Experience (Part 1)
01:11:42

Do you like watching home improvement shows such as Income Property, Vacation House Rules, and Buyers Bootcamp? If so, you’re in luck! Joining us on the podcast is HGTV host Scott McGillivray! Scott has been hosting some of the best real estate investing and construction shows for over a decade now, and if you like BiggerPockets, you’ve probably seen an episode of one of Scott’s shows!

Scott’s investing career started long before his TV network deals. As a student in college, Scott accidentally stumbled upon his landlord’s mortgage statement of account. He realized that him and his roommates were paying a few hundred dollars over what their landlord was paying monthly for a mortgage. That was the lightbulb moment for Scott. It was time to get into real estate investing.

While in college with no job, very little money, and no experience, Scott bought a house and moved out of his rented room. Now he wanted more. Over the next few years Scott started amassing more and more rentals, taking as many financing options as he could get his hands on. By the time he was 25, he already had 25 units and a significant amount of profit coming in every year.

This only pushed Scott to strive for bigger and better deals. Now Scott owns hundreds of rentals, and spends his time between Florida and Canada, finding more deals, and fixing up more rentals.

Scott is a tried and true investor, one who has gone through different market swings, different fads, and many different tenants. While he’s only in his early 40s, he has amassed an extensive knowledge of the real estate space. It’s no surprise he’s one of Brandon’s real estate heroes!

If you liked this episode be sure to tune in this weekend for part 2 of Scott's interview!

In This Episode We Cover:

  • When is the best time to get started in real estate?
  • Why most people are scared to invest, and what pushes them to finally do it
  • Amassing a small real estate empire even while you’re young
  • How to take advantage of financing offers and how Scott closed on 8 houses in the same day
  • Why you need to give your investing career time to start rolling
  • What a “double offer” is, and how you can use it to beat others to a deal
  • Why you should take action even when the market is uncertain
  • The ScottMc Method
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show434

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jan 14, 2021
433: You Get Your Standards, Not Your Goals: Ed Mylett on Success, Faith, and Building $100M+ Businesses
01:12:47

You may have heard a speech from Ed Mylett (AKA the greatest speaker of today) sometime before this episode, but maybe not like this. For those who don’t know, Ed Mylett is a renowned speaker, entrepreneur, real estate investor, author, and podcaster. He has started businesses worth millions and continues to teach entrepreneurs through his personal brand.

What many people don’t know is how much Ed loves real estate. That’s right, you heard it first on BiggerPockets! It’s not the speaking, writing, and podcasting, it’s owning cash flowing properties. As a matter of fact, he just closed on one recently with his son and did an astonishing $100 million in real estate deals in 2020.

Ed emphasizes the importance of faith, generosity, and most importantly, setting your life at a high standard. These seem to be the key thought processes that many other successful entrepreneurs have, and again proves Ed’s point on their importance.

It’s not easy being in real estate, especially when the deals get big (we’re talking $25M+ deals). Ed cautions young investors to not bite off more than they can chew, or as he puts it “don’t take a loss where you can’t fight again”. In a world full of mega-leveraged investment opportunities, this might be the advice new investors need to feel confident going forward.

This episode also dives into the importance of having a purpose, whether related to faith or not, and how you need to chase the life you want, set your standards high, and do the most impactful things to accomplish them.

Links from the Show

Books Mentioned in this Show:

Click here to check the full show notes: https://www.biggerpockets.com/show433

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jan 10, 2021
432: From $0 to $1,000,000 in 5 Years: The 4 Steps to Gain Millionaire Net Worth with Brandon and David
00:59:26

Everyone wants to be a millionaire, and if you’re listening to this episode, you probably want to be one as well! With so many online gurus trying to sell their secret to success, it can be hard to distinguish the real from the...not so real.

On this episode, we’re lucky enough to have two millionaires with us! Brandon Turner and David Greene! Brandon and David have compiled a list of 4 traits that all millionaires possess, and if you can possess these traits too, you’ll be on your path to millions. These millionaire traits aren’t just exemplified in Brandon and David, these traits tend to be universally consistent across self-made millionaires.

This episode will also touch on mastery and how you can not only achieve it, but refine it using the 4 stages of mastery. Stuck on a deal, don’t know where to go next in your career, thinking of jumping ship on a project? List down these 4 stages and see where you stand, you’ll be able to see what you need to do to go on to achieve greater mastery in whatever you’re interested in.

Since it’s the start of the year, it’s a great time to look forward with not only hope, but a plan. Take your existing plan and see where these traits and stages fit into your life, where you’re lacking, and where you can do better. This is how you’ll achieve success and the coveted millionaire status.

In This Episode We Cover:

  • What sets apart millionaires from those chasing millions
  • The 4 common traits of a millionaire
  • Developing your crystal clear criteria for investing in real estate
  • The importance of raising standards over time to achieve more
  • Why tracking your personal AND business life can merge to benefit your entire life
  • The 4 stages of mastery that will make you into a millionaire
  • And SO much more!

Links from the Show

 Check the full show notes here: https://www.biggerpockets.com/show432

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jan 07, 2021
431: How to Make Trade-offs in Your Life (Before Others Do it For You) with Greg McKeown
01:07:18

Your agent is calling you to show you houses, your boss is emailing you about some work to do, your partner wants to grab dinner, and you want to take a nap. How do you prioritize things in your life when everything seems so important? The key is essentialism.

Joining the podcast today is Greg McKeown, Author of Essentialism: The Disciplined Pursuit of Less. Greg relates to the struggle of many entrepreneurs and investors: too many options, not enough time. Instead of telling you to wake up at 5 AM, take a cold shower and work until 10PM, he presents a far more effective (and simple) approach.

What Greg suggests: pick the things you care most about, do them, and don’t worry about the rest. But how do you pick when everything seems essential?

The answer: almost everything else besides your core cares/needs aren’t essential. If you begin to treat the non-essential as essential, you stretch yourself too thin, not allowing you the time to accomplish what truly is...essential.

In the modern age, many of us feel like we don’t have time to accomplish everything we want. When we get laser-focused and put the principles of essentialism in our daily lives, we can accomplish more than ever.

In This Episode We Cover:

  • What is essentialism?
  • How to designate the non-essential from the essential tasks
  • Why having too many good options puts us in a dangerous position
  • How to find out which tasks deserve delegation or deletion
  • Developing the courage to say “no”
  • Finding an accountability partner so you’re locked in for success
  • Why Brandon wants to spend less time on Tiktok
  • And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show431

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jan 03, 2021
430: Best of 2020: Brandon and David’s Favorite Pieces of Advice from 2020 Guests
00:49:23

Another year of the BiggerPockets Real Estate Podcast is in the books! This time, we’re joined by co hosts, David and Brandon, live from the Sea Shed in Maui!

We’ve had such a fantastic group of guests this year, so to help ease into 2021, David and Brandon picked their 7 favorite clips from the whole year. You’ll hear from familiar faces like Tarl Yarber, Thach Nguyen, and other real estate rockstars.

This episode doesn’t just touch on real estate, we also go into how many real estate professionals made personal growth a priority when accomplishing their goals, all while enjoying their life more.

If you’re ready to expand your business, get more units under contract, or begin your first house hack, this advice will be crucial for your personal, business, and real estate success in the coming year. It has certainly helped out Brandon and David!

Thanks again for joining us this year, we look forward to interviewing even more amazing guests in 2021 (and beyond)!

In This Episode We Cover:

  • Why certainty is often more expensive than risk
  • Why integrity in the present is worth so much more for your future
  • Staying focused on the long-term perspective for consistent success
  • The importance of peace of mind when investing in real estate (and other assets)
  • Why you need to build a business around your life (not the other way around)
  • How to commit even when you don’t have all the pieces needed
  • Why you always need to keep your expenses low (if you want to escape the rat race)
  • And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show430

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Dec 31, 2020
429: Pursuing Self-Sovereignty and Why Life is More Meaningful When It’s Hard with Ryan Michler
01:08:16

How many times has something happened in life where we blamed someone besides ourselves for the outcome? Didn’t get a promotion: it’s your bosses fault for being greedy! Ran late to work: it’s all the other drivers faults, not yours! Investment property having problems: it’s the tenant doing all the damage!

Ryan Michler, founder of the Order of Man, sees this sort of victim mentality as a massive block to our full potential. He makes the well-put point that all we can do is control our effort, we can’t control others.

This realization didn’t come easy, though. Ryan realized this after a tough fight with his partner, leading him to reevaluate not only their relationship, but the way he shifted blame on others, in an unhealthy way.

Now Ryan interviews the men that he looks up to on his own podcast, all while running his organization/brotherhood of those part of the “Order of Man”.

It’s not easy to stay humble and calm all the time, especially in the state of our current world, but Ryan does as good of a job as any to remind us all that our future is in our hands, and all we can do is try our best, consistently.

In This Episode We Cover:

  • Why we all need to practice humility, ownership, responsibility, and sovereignty 
  • The importance of having a “servant’s mindset” even as a business owner
  • How to constantly add value to whatever you do in life
  • Why we should shift our focus to our efforts and not other’s efforts
  • Why having children makes you want to be better and push harder
  • The importance of owning and running a business, even at a young age
  • Dropping the “I” and using the “We” when leading a team
  • Why “the win” is simply “playing the game”
  • And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show429

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Dec 27, 2020
428: Using Simple Conversations to Get Deals Others Can’t with Investor Rodney Ross
01:03:38

Rodney Ross didn’t have the most gracious entrance to the real estate space. He bought a house while in college, with only $8,000 down and not a lot in the bank. The house ended up getting de-authorized for tenants to live in so Rodney had to go back on his loan. Game over right? Time to give up? Not for Rodney!

While finishing college, Rodney decided to take it a bit slower, getting his real estate agent license so he could build up the capital to buy rentals. He’s been an agent, a wholesaler, a general contractor, and a buy and hold investor. If it’s happening in real estate, Rodney probably knows about it!

Unlike many new (and even experienced) real estate investors, Rodney took the time to nurture leads, have meaningful conversations with sellers and buyers, and found that by having some basic empathy for the other party, you’re more likely to close deals.

This strategy seemed to have worked, in a decade since his first deal, Rodney now has around 20 cash flowing units, and he’s looking for more! 

Using the 203k loan, Rodney has been able to get homes at a discount, finance the repairs, and get them rented and refinanced, kind of like a speciality BRRRR. This episode proves that if you care about real estate, care about your partners, and are willing to take risks, it will truly pay off.

In This Episode We Cover:

  • How to get back up after a frustrating investment
  • How knowing about construction timelines and projects can help you get comfortable enough to do your first rehab
  • Why mixed use properties are often an overlooked real estate class
  • The importance of defining your role with your partner
  • How to talk to buyers so they’ll choose you over other offers
  • Why it’s so important to look out for the other real estate parties in a deal
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show428

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Dec 24, 2020
427: The 12 Week Year and The Danger of Long-Term Goal Setting with Brian Moran
01:02:28

We’re joined today by author, consultant, and entrepreneur Brian Moran, author of The 12 Week Year. Brian holds a view that many BiggerPockets listeners subscribe to: you are more capable than you think. Through short term sprints, Brian has found that we can all accomplish long-term goals, regardless of the difficulty.

This isn’t just a strategy that works for real estate, this works in any industry. Brian has consulted with every kind of business, and the results speak for themselves. Regardless of job type, business type, or industry type, the 12 week yearhelps you accomplish more by doubling down on what you need to do most.

Brian also talks about the danger of long term goal setting, and even annual goal setting. It isn’t that long term goal setting doesn’t work, it’s that it presents us with a long time frame to accomplish something we could do far quicker. That’s how the 12 week year kicks our “unproductive mindset” to the curb, and gets us fired up to do great things sooner.

Many investors find it hard to break out of their comfort zone, do the things that they find hard, or even just feel motivated. The crucial part of finding success wherever you need it? Take action, start today, track, plan, and re-plan when needed. You’ll soon find that you’re fired up about things that used to seem scary!

In This Episode We Cover:

  • What the “12 Week Year” really is
  • How short term goal setting can help you accomplish your biggest goals
  • Why you need to shift focus to executable tasks 
  • How to get tactical on your goals and what you can do to accomplish them
  • Leaning into hard things and shying away from comfort
  • The importance of “vision work” and knowing where you’re headed
  • Holding yourself accountable for what you want most in life
  • How repetition forms competence and competence forms confidence
  • And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show427

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Dec 20, 2020
426: Using the “Sunflower Method” To Buy 18 Properties in Just a Few Years with Teacher Jon Wooten
01:10:26

Many new investors find excuses for why they can’t buy properties. Either they don’t have the money, the deals, or the experience. Our guest today, Jon Wooten, had none of these three, but found a way to acquire 18 units (and become financially free) in only a few years.

By asking questions and sticking out to the local real estate investors, Jon was able to acquire valuable experience, all while gaining equity in his rental properties. Jon has his own method for finding deals and acquiring wealth, called the “Sunflower Method”, which has helped him get to the point he is at.

Now, financially free at 28, Jon has the ability to choose whether he wants to work, which projects to go after, and how he wants to spend his time. This isn’t a far away goal that only the rich and well connected can get to, it’s available for all real estate investors!

You may be working a minimum wage job, stuck in a career you want out of, or have debt. Jon shows that all of these can’t stop you from acquiring wealth!

How do you find houses? How do you find a mentor? What’s the best way to find a quality handyman? How can you make sure a house is being inspected properly. All these questions and more are answered in this episode!

In This Episode We Cover:

  • How to find a mentor AND get your first rental
  • Why you should make it an effort to get to know your local real estate investors 
  • Why self-managing is a great way to gain experience
  • How to get seller financing on a rental (and who to ask for it)
  • Why you should call “for rent” signs
  • What the “Sunflower Method” is and how it builds wealth
  • The best way to find a quality (and inexpensive) handyman 
  • Fake cash flow vs Pure cash flow
  • How to properly inspect a house before you make an offer
  • And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show426

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Dec 17, 2020
425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy
01:20:04

On last week’s episode, we talked to Dan Sullivan, author of Who Not How. This week, we’re joined by his co-author, Benjamin Hardy. Benjamin has spent the last few years getting his PhD in organizational psychology, writing books such as Personality Isn’t Permanent and Willpower Doesn’t Work. These tie perfectly into his new book Who Not How, and will help you get to the business, personal, fitness, or other goals you’re trying to reach.

Benjamin goes through why things like willpower and effort are often misunderstood, and how they can be used as tools to get you to your goals, but they aren’t the path. Benjamin walks us through why so many entrepreneurs get “decision fatigue” and why situations often rule over people, not the other way around.

Benjamin presents a very unique view on shaping your future, one that isn’t often talked about in the self-help and business space. With many entrepreneurs feeling stressed, fatigued, or just confused, Benjamin’s advice offers not only a practical, but tangible way to accomplish what you want and do better in your business and personal life.

We also double down on the importance of hiring people who will make your life easier, not just for your sake, but for theirs as well. Plus, Benjamin shares one of the most important hires you can make that will help you clear hundreds of hours off your calendar.

This episode isn’t just about why you should hire an employee. It’s about how you designate your time, and ultimately your life. As Benjamin says “Your future self is more important than your present self”, and for good reason!

In This Episode We Cover:

  • Why willpower doesn’t work in the way many people think it does
  • Why situations are often more powerful than people
  • How to remove “decision fatigue” and stop it from plaguing your life
  • How to find the right “who” for your organization and life
  • Defining your crystal clear criteria for your future self and the roles of others
  • How to be the right “who” for someone else’s “how”
  • Applying behaviors so your identity can follow
  • Focusing more on getting your “$10,000 tasks” done
  • And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show425

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Dec 13, 2020
424: Make More Money, Build Your Portfolio, and Get Greater Tax Deductions in 2021 with J Scott, Amanda Han, & Matt MacFarland
01:38:41

We have a real estate and investing mastermind session in this episode of the BiggerPockets Real Estate podcast! J Scott, Amanda Han, & Matt MacFarland join David and Brandon to discuss what investors should do to maximize their wealth (and opportunities) in 2021.

Co-host David Greene goes over his new book SOLD: Every Real Estate Agent’s Guide to Building a Profitable Business, talking through who should (and shouldn’t) be an agent, what makes a great agent, how agents can maximize their income, and more!

J Scott talks heavily about how the election, stimulus packages, and new (proposed) tax codes could hurt (or help) real estate agents, and what you can do to ward off higher tax plans, loss of rent, or even inflation.

Amanda and Matt are our tax professionals on the show! They dive into which upcoming 2021 tax codes could affect you, whether you’re an agent, a real estate investor, or just a W2 worker!

This is a fantastic episode for any listener who wants to know more about how 2021 may shape our economic future. Thankfully, we have some of the best guests in the world to tell you about it!

In This Episode We Cover:

  • Who should and shouldn’t become a real estate agent
  • How to offset earned income tax with real estate investments
  • Why you should buy David’s new book SOLD: Every Real Estate Agent’s Guide to Building a Profitable Business
  • The new opportunity of buying businesses in 2021
  • How to hire your best workers (and why you may need to let some go)
  • How 2020 taught us to keep our businesses lean
  • What to do if 1031 exchanges go away
  • How inflation may affect your wealth over the next 1-5 years
  • Why debt is a great inflation hedge
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show424

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Dec 10, 2020
423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan
01:12:06

Has anyone ever told you “you’re really good at that, you should make a business out of it”, if so, you may have inadvertently found your “unique ability”.

Author and coach Dan Sullivan joins us to talk about the secrets of success behind the 20,000+ entrepreneurs he’s coached over the past few decades. If you’re finding it hard to scale up your business, hire on more staff, or get rid of the stuff you hate doing, Dan probably has an solution for you.

As someone who’s built a coaching empire AND been bankrupt twice, Dan knows a thing or two about what makes asuccessful enterprise, and what doesn’t. His key to success? Create a self-managing company, that allows you, the entrepreneur, to do what you really love.

Hate going through spreadsheets? Great, hire someone who loves it! Don’t like picking up the phone to talk to investors? Cool, get someone who likes to chat! Love giving presentations to prospective clients? Great, make it your main job!

Whether you have one employee or thousands of employees, Dan shows how simple it is to designate tasks, get the right person doing the right thing, and free up time for you and the whole team! The best way to hear Dan’s advice and grow your company? Listen to this episode!

In This Episode We Cover:

  • Finding your “unique ability” and using it to build a business
  • The 4 freedoms of an entrepreneur (and why they’re so important)
  • How to create a “self-managing” company
  • Why procrastination is a great tool
  • Why the future of business is reliant on teams
  • How to hold a team together when building your business
  • Whether you’re a “simplifier” or “multiplier” entrepreneur
  • How not to get bogged down in an abundance of choice in the modern age
  • And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show423

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Dec 06, 2020
422: From W2-Job Single Mom to Flipping Real Estate Rockstar with Amanda Young
00:54:01

Amanda Young stumbled into real estate. After being let go from a job, dealing with a family emergency, and homeschooling her son, Amanda knew that she had to find a way to provide for her family, but also allow her to discover her hidden edge.

After finding BiggerPockets and joining a local REIA (real estate investors association), she decided to take the jump and buy her first rental. Now, in 2020, she has 7 rental properties and a flourishing flipping business, working with a partner that matches her energy.

Amanda found her localized niche by targeting owners of “sinkhole homes” and offering them deals that not only made sense for the buyer, but were a steal for her. She then used creative financing (really creative) to get these homes under contract.

Amanda is the definition of someone who has grit, and is willing to work hard to earn their piece. She talks through Section 2 deals, 1031 exchanges, refinancing, and even how to “COVID-Proof” your tenants, so when the next global emergency happens, you’ll be ready.

In This Episode We Cover:

  • How to fight your analysis paralysis and get deals done
  • What probate deals are and how to find leads
  • Why owner financing can be a win-win for buyers and sellers
  • How Amanda found a niche in “sinkhole homes
  • Why it’s important to find a niche that others would run from
  • How to “COVID-Proof” your rental properties
  • Getting ahead as a woman in a male-dominated industry (flipping)
  • Empathizing with the seller so you’ll win negotiations (even with less money)
  • And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show422

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Dec 03, 2020
421: Family Over Everything: How Life Forced BP Founder Joshua Dorkin to Reevaluate His Choices
01:25:55

Many avid members of the BiggerPockets forum, listeners to the podcast, or readers of our articles may know our founder, Joshua Dorkin.

What you may not know is Joshua’s journey in founding, building, scaling, and finally leaving BiggerPockets. It was a hard decision for Joshua to leave, but thanks to his amazing team, he was able to (even during a time of tribulation in his personal life).

You’ll hear how Joshua was cranking out 100 hour weeks, working 7 straight days, for the first 6 years of BiggerPocket’s existence. He later transitioned to building a team, starting with the BiggerPocket Podcast’s very own host, Brandon Turner.

This later snowballed into more hirings, with the BiggerPockets growing faster and faster, and being able to scale larger and larger. Just at the time when things were starting to go from big to bigger, Joshua had to take time off to take care of his daughter’s medical emergency. This caused a shift in Joshua’s reality, so he dropped everything.

This keynote speech goes deep into what really matters most. It’s not money, it’s not success, but it’s something that matters even more: fulfillment and family.

Check out the video on our Youtube channel, and be sure to give Joshua a follow on Twitter at @jrdorkin.

In This Episode We Cover:

  • The history of BiggerPockets and how it grew to what it is today
  • Why “knowing everything” usually means knowing nothing
  • The importance of hiring smart, capable people
  • How to listen to your body and mind, to find out what you need most
  • Why you shouldn’t work 6 years straight with no time off
  • Why you need to do the “Big Scary Thing
  • How life forces you to account for what matters most
  • Why Joshua Dorkin has 3 dads
  • And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show421

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Nov 29, 2020
420: Finding the “Sweet Spot” in Multifamily: Scaling to 150+ Units with David Grabiner
01:12:10

David Grabiner takes the term “long distance investor” to the extreme. While he was a hospital administrator in the Democratic Republic of Congo, he was calling real estate agents in Chattanooga, Tennessee trying to scoop up multifamily deals.

David started out by partnering up with his father, buying a quadplex that helped him get his initial training in property management. He later scaled up his and his father’s investment portfolio to 24 units, and then, within 3 years, scaled up his own investments to 150+ units!

This meant that David had to quit his job and go full-time into real estate investing. He did it, and he isn’t looking back! Now David is a deal-finding machine, buying directly from listing agents and becoming one of the go-to multifamily investors in Chattanooga.

Whether you own one single family home, a dozen duplexes, or hundreds of apartment complexes, you’ll take something away from David’s in depth discussion on property management, landlording, and tenant screening.

In This Episode We Cover:

  • Finding your “unfair advantage” and how it can help your investing career
  • Approaching different investors with different points of view
  • The importance of networking for off-market deals
  • Why you shouldn’t be scared to be “the owner”, and actually use it to market yourself to others
  • How to find, screen, and keep tenants in place
  • How you can quickly increase a property’s value (simply by being a great property manager)
  • Finding the “sweet spot” in multi-family deals
  • Setting up systems for automated property management (so you can scale!)
  • And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show420

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Nov 26, 2020
419: Defeating Distraction and Why “To-Do” Lists are Dangerous with Nir Eyal
01:03:36

Ever missed out on an important moment because you were staring at your phone, distracted by TV, or just zoning out? Nir Eyal, author of Indistractable, felt the same way when he missed an important moment with his daughter because he was locked in on his phone.


This spurred Nir’s curiosity on why people get distracted, what they’re getting distracted by, and how people can turn their distractions into the opposite: traction


As a business owner, angel investor, Stanford lecturer, and father, Nir understands what it feels like to live a hectic life, but he also understands that most of the time, we ourselves are the ones making it hectic.


So what prompts us to take action? What prompts us to take inaction? How can we make ourselves do the things we need to do, with better results, and still have time for our children, relationships, hobbies, and even down time?


It’s all possible, and the key to a distraction-free life is even easier than you would think. 


In This Episode We Cover

  • Why most people know their distractions, but not how to eliminate them 
  • Why we need to “get out of our own way” to accomplish our goals
  • How to find your “traction” and use it to get ahead
  • The 4 steps to eliminate distraction 
  • Understanding your values and using them to schedule your time
  • How to “time box” your calendar and get your tasks done
  • Leaving the victim mentality behind and empowering yourself to do what’s important
  • The 3 “life domains” that we revolve around 
  • Why you need to prioritize consistency over intensity 
  • And So Much More!


Links from the Show


Books Mentioned in this Show

  • Hooked by Nir Eyal
  • Indistractable by Nir Eyal


Connect with Nir:

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Nov 22, 2020
418: 14 Deals in 16 Months: How Alex Camacho Found his Mastery in Deal Finding
01:00:34

Alex Camacho has had quite an interesting career path, and he’s just getting started! From a bank teller, to the mortgage business, to property management, and even Airbnb arbitraging, Alex took his time in acquiring the skills to succeed in real estate.

In this episode, you’ll hear Alex talk about how he became successful at locking down deals, finding the “pain points” of sellers, and how to have empathy when closing. You’ll also hear how he analyzed over 5,000+ deals, leading him at one point to close on 8 deals in one month (seriously!)

You’ll hear Alex go through his off and on-market strategies, and how to steer clear of deals that won’t make the cut. In just 16 months on his own, he’s done 14 deals, some with six-figure profits (each), and how he’s using social media to get even more!

In This Episode We Cover:

  • The importance of apprenticeships in real estate
  • The art of saying “no” as you grow into your role
  • Why it’s crucial to surround yourself with high-level investors and entrepreneurs
  • How to get great at analyzing deals, so you can close on the best ones!
  • Using the “LAPS” funnel to drive leads and grow your portfolio
  • Finding the “pain points” sellers have, and how to empathize with them
  • Using social media as a tool, instead of a distraction
  • And SO much more!

Links from the Show

Check full show notes here: http://biggerpockets.com/show418

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Nov 19, 2020
417: 9 Ways to Tweak Your Mindset So You Can Lock Down Deals with Brandon and David
00:48:43

Are you a new or aspiring real estate investor who hasn’t locked down your first deal? Or maybe you haven’t hit your personal goal or unit count yet. If so, you may need to tweak your mindset to reach new heights.

Brandon and David are back flying solo on this weekend’s episode to talk about the 9 mindset changes that make successful real estate investors, well, successful! You’ll hear them dive deep into each mindset change, with examples from their investing careers, and how they made the leap to change their mindsets for the better.

If you’re looking to cultivate a healthier relationship with real estate investing for the better, this is an excellent episode to take some notes!

Whether you’re brand new to investing or just looking to level-up your current portfolio, you’ll take away some important lessons on this weekend’s episode.

In This Episode We Cover:

  • Why many new investors haven’t done their first (or second) deal yet
  • Understanding the cost of inaction (and how it can work against you)
  • Focusing on the big picture without being bogged down with details
  • Building your investment criteria to know what you want
  • Turning “base hits” into “home runs”
  • Running towards hard” and taking responsibility for doing the work
  • Thinking outside the box, regardless of your career, investor level, or experience
  • Gathering experience and keeping the momentum going
  • Using off-market techniques to get on-market deals (and vice versa!)
  • Letting go of expectations for your deals
  • And SO much more!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show417

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Nov 15, 2020
416: 29-Year Old Making Nearly $1M in Passive Real Estate Income (3 Years In!) with Matt Onofrio
01:00:35

Many investors look at commercial real estate as a high-risk, confusing, and sometimes scary way to invest. Our guest today shows us why this isn’t the case. In fact, he did a multi-million dollar deal in his first year in real estate!

Minnesota-based health care professional Matt Onofrio helps us break down the stigma behind big commercial deals. From financing, taxes, mentorships, and more, Matt shows how someone from a completely different field can thrive in real estate... even with no prior knowledge of the space.

You may want to bring a notepad and pen, as Matt walks us through advanced strategies such as reverse 1031 exchanges, seller carrying, cost segregations, and triple net leases. Whether you’re looking into commercial or residential real estate, this is a can’t-miss episode.

In This Episode We Cover:

  • Locking up your first deal with $0 
  • How commercial real estate can not only be profitable, but safer than residential
  • The importance of your inner investor/mentor circle
  • Whether residential or commercial real estate works for your mindset
  • Offensive vs. Defensive real estate strategies
  • Creating income producing debt
  • Building your “vivid vision
  • How coaching can take you from good to great 
  • What spirit animal David, Brandon, and Matt are
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show416

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Nov 12, 2020
415: Studying Billionaires: The 3 Timeless Principles for Wealth with Stig Brodersen
00:59:29

Ever wanted to know how Mark Cuban, Richard Branson, and Warren Buffett seem to invest with ease? Or how you can leverage and measure your risk to make billionaire financial decisions?

On this episode, Stig Brodersen – investor, teacher, and host of the popular We Study Billionaires podcast – brings you his distilled wisdom on success, mindset, the stock market, and the 3 universal traits shared by ultra-elite investors (and no, they don’t include flying first class or eating copious amounts of caviar).

Early on in his story, Stig found himself dissatisfied with his job and needing a change. So, he did what any rational person would do, and began studying billionaires starting from the top of the Forbes 400 list. He didn’t get far before he “found his fire,” discovering passion and community in studying the stock market and the most heralded investor of all time: Warren Buffett.

He has since interviewed hundreds of guests on his podcast, and unearthed countless pearls of wisdom that he shares with you in this episode.

You might be thinking: “They’re interviewing a stock market investor on a real estate podcast?” Yes, and any real estate investor could learn a thing or two!

As a practiced student of the financial markets, Stig calls out all-too-common mistakes made by new investors, and shares a blueprint for you to use to determine if and how to get started in the markets, regardless of experience.

In This Episode We Cover:

  • The 3 timeless traits of billionaires
  • Why real estate investors should “cross-train” in the stock market
  • Assessing best- and worst-case scenarios
  • Why you need to "resonate" with your chosen asset class
  • Why real estate is an asymmetric bet with high reward for relatively small risk
  • How to get into investing in the stock market with little-to-no experience
  • Common mistakes of new stock market investors
  • How a BiggerPockets member saved Stig's life on an overseas trip (really!)

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show415

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Nov 08, 2020
414: 1300 Units in Real Estate Development at 30 years old with Evan Holladay
01:05:41

The harder the problem, the bigger the reward... and real estate developers who can solve affordable housing problems can do very, very well.

Enter today's guest, Evan Holladay, who reached 1,300 units before the age of 30 through a combination of focus, relationship-building, and a deep understanding of the rules of the game.

In this high-level episode, you'll learn how Evan and his team apply creative financing techniques to multimillion dollar projects; how they takes advantage of tax credits and grants and put together public-private partnerships; and why patience and persistence can lead to huge profits in the development game.

Whether you plan on getting into bigger deals in the future or not (Evan wants 100,000 units!), this episode will inspire you to start thinking like a big-time investor, strategist, and leader.

In This Episode We Cover:

  • Listening to "what fires you up" when getting started
  • Evan's apprenticeship for a student housing developer
  • What a public-private partnership is
  • Using tax credits to make a profit building affordable housing
  • How he creatively finances big multifamily deals
  • How he manages risk
  • Why “it’s more valuable to control real estate than to own real estate”
  • Why development is such a big opportunity in markets where "it's too expensive to invest where I live!"
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show414

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Nov 05, 2020
413: Matthew McConaughey on Vision, Preparation, and Balancing Ambition with Family & Freedom
01:08:02

You, BiggerPockets listener, may have more in common with Matthew McConaughey than first realized...

Changing careers. Wondering how family life fits in with a hard-driving work ethic. Embracing spontaneity, but learning that success comes from making the choice today to "be kind to your future self."

The Oscar-winning actor covers those topics and more in our chat today. A lifelong journaler, McConaughey is in a reflective mood after writing his first book, Greenlights... which is filled with unforgettable stories about growing up the son of Texas an oil pipe "peddler," stumbling into acting after a night drinking with the producer of Dazed and Confused, getting arrested for playing the bongo drums in the nude, and his mid-career shift toward intense, challenging projectslike Dallas Buyers Club.

If you're thinking "nah, this episode won't teach me how to house hack"... fair enough. But give it a chance and see if you aren't entertained. It's a soulful, positive, not-at-all-Hollywood conversation about choices, happiness, and success. Here's to catching more greenlights!

In This Episode We Cover:

  • Matthew's upbringing and lessons learned from his parents
  • His decision to reject law school to pursue film
  • His dad's 3 words of advice on choosing a career
  • Forming your personal identity through a process of elimination
  • How he prepares for intense roles
  • The power of solo travel
  • His faith
  • His beliefs about money and philanthropy
  • The give-and-take between career and family life

Links from the Show

Click here to get the full show notes: https://www.biggerpockets.com/show413

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Nov 01, 2020
412: Start Investing in Large Multifamily? How to Do it, and Why (or Why Not) with Ashley Wilson
00:55:11

Ashley "BadAsh" Wilson is back today to discuss how she's shifted strategies since her popular first appearance on the show two years ago.

Today's topics: Jumping from house flipping and short-term rentals into large multifamily; finding and using your unique ability when getting started; and how women can (and should!) use real estate investing to secure financial independence.

Want to know how many offers it takes to land a 150-unit apartment building in Houston? Interested in multifamily, but unsure where to start? You'll get answers in this show – and in the multifamily "tip sheet" she prepared just for our audience (download it below).

If you are a woman who's determined to get into real estate investing – or if you think your wife, mother, sister, or daughter would benefit from hearing Ashley's story – pick up a copy of her new book, The Only Woman in the Room: Knowledge and Inspiration from 20 Women Real Estate Investors today!

In This Episode We Cover:

  • How Ashley made the jump from flipping and rental houses to large multifamily investing
  • Her #1 tip for anyone who wants to get into multifamily
  • How she acquired a 150-unit apartment building in Houston
  • What a "Letter of Intent" (LOI) is
  • Looking at 200 deals just to buy one (!)
  • Using "the stack" method vs. multifamily syndication
  • How she became an expert in construction management
  • Why she wrote a book about being "the only woman in the room"
  • Why it's worth visualizing your perfect day when you start building your business
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show412

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Oct 29, 2020
411: The Life-Changing Power of a Goal-Setting Retreat (+ Live Demo with Husband/Wife Investors Matt & Melissa) with Geoff Woods
01:15:16

Have you ever bought a whiteboard or a journal and thought, this is it... This is the moment when I REALLY commit to goal-setting... and then (as it tends to do) life just kind of gets in the way?

This episode is about rethinking your approach to goals – and to do this, we've brought in an expert on managing your time and mental energy like a billionaireGeoff Woods, VP of The One Thing and facilitator of their upcoming virtual goal-setting retreat

Today, Geoff shares the blueprint that high-performing couples, teams, and individuals use 1) cast a shared vision of the future 2) work backwards to map out important steps, and 3) regularly recalibrate and track progressPlus, we put this to the test, live!

About halfway through the episode, you'll meet Matt and Melissa Miller – married parents of 3 who own 7 units but are struggling to define their exact vision... and the action plan required to realize it. Geoff leads them through a goal-setting exercise live, and the result is inspiring and surprisingly emotional. #MarriageGoals - literally!

Whether you're looking to get on the same page as a spouse, business partner, or just chart out a clearer path for yourself... you'll get a ton of value out of this episode. Let us know what you think of it, and use the link below if you're interested in joining Geoff (and Brandon and Heather Turner!) at the retreat next month.

In This Episode We Cover:

  • How billionaires set goals
  • What to do when your spouse or partner is not a natural goal-setter
  • How to have an ongoing relationship with your goals
  • A live goal-setting exercise with a real estate investor couple, Matt and Melissa
  • Defining whose lane is whose when running a business with your spouse or partner
  • What happens at a goal-setting retreat
  • Geoff's personal story of leaving medical sales to work with Gary Keller and Jay Papasan

Links from the Show

Click here to check the full show notes: http://biggerpockets.com/show411

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Oct 25, 2020
410: Life-Changing Deals: 5 Traits They Have in Common with Ken Corsini
01:05:37

What does it take to pull off a home run real estate deal?

Today, we put that question to Ken Corsini, HGTV star and author of Profit Like the Pros: The Best Real Estate Deals That Shaped Expert Investors.

Ken spoke to a diverse group of 25 investors about their very best deals, and in this episode he breaks down the common threads that run through each of those stories.

You'll also hear Ken's tips for building your own personal brand in your market, and how he used his "Flip or Flop Atlanta" fame to build a brokerage and mortgage company.

Throughout this episode, Ken points you to individual investors in the BiggerPockets community; be sure to check out their BP profiles to learn more... and pick up a copy of the Profit Like the Pros in the BiggerPockets store today.

Every format includes a bunch of great bonus materials, including a breakdown of 22 investors' worst deals – so you can avoid the same mistakes.

In This Episode We Cover:

  • How personal connections often lead to home run deals
  • Honing in on a specific niche and building expert knowledge
  • How one deal can change the trajectory of your career
  • Ken, David, and Brandon's personal best/favorite deals
  • Common traits of the worst deals featured in Ken's book
  • How Ken built a personal brand, then spun it into different businesses
  • How he controls each aspect of his real estate transactions (title, lending, etc.)
  • And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show410

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Oct 22, 2020
409: Giving Yourself Permission to Go BIGGER: the "Bluefishing" Mentality with Steve Sims
01:21:12

Today's a special episode featuring the author of a book we can't get enough of: Bluefishing: The Art of Making Things Happen by the man, the myth, the legend - Steve Sims.

Who is Steve, anyway? Well, he's a former bricklayer and bouncer-turned-entrepreneur who uses a unique mindset and blend of skills to creates once-in-a-lifetime experiences for billionaire clients.

Experiences like: getting married by the Pope in the Vatican, having a private dinner at the feet of Michaelangelo's David statue, or going on an underwater tour of the Titanic shipwreck.

And here's the thing: as you'll hear in this episode, Steve's not a silver-spoon, high society type. He's just a regular guy who chooses to think and act differently, consistentlyAnd after this episode, you'll be able to "Bluefish" your way into more relationships, more private money, and ultimately more deals!

We talk about "leading with value" when approaching mentors... blah blah blah. Today, you'll hear a refreshing new twiston that concept, and learn actual tactics you can put into practice to make more connections and level up your life today. 

One final note: Steve uses some colorful language in this episode; please take note of the "Explicit" label, and listen to this one when the kiddos aren't in the backseat :)

In This Episode We Cover:

  • How Steve went from bricklayer to bouncer to building a business that makes people's dreams come true
  • What "Bluefishing" is
  • Digging deeper to find your customers' true motivation
  • The one thing Artificial Intelligence can't replace
  • Why it's often better to remove – rather than solve – problems in your business
  • How to chase your own dreams, not someone else's
  • Why social media "influencer culture" often leave you feeling empty and unhappy
  • Stories of working with clients ranging from Elon Musk to The Pope

Links from the Show

Click here to check the full notes: http://biggerpockets.com/show409

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Oct 18, 2020
408: Full-Time Income on a Part-Time Schedule with Emma Powell
01:13:12

Ever wonder how your family would manage if you or your spouse lost your job? Emma Powell faced that reality head-on. She knew she needed "full-time income" while continuing to spend time with her family... and she knew real estate investing would be the vehicle to get her there.

Today Emma shares her journey from part-time photographer to multifamily dealmaker – how she got in the game by joining a REIA and immediately loaning money to an experienced investor (we discuss the right and wrong way to do this); her #1 piece of advice when meeting with a potential mentor; and her foray into the world of lease option ("rent to own") deals.

Plus – Emma shares her perspective on how to choose a niche that suits your strengths (wholesaling wasn't for her; syndication and bigger commercial deals were a better fit).

This is an inspiring story of someone who experienced a financial wake-up call, and went from total rookie to syndicator in just a few years... all while homeschooling 6 kids. Enjoy this one, and we'll see you again on Sunday!

In This Episode We Cover:

  • Emma's reaction to her husband being laid off from his tech job
  • What a Real Estate Investor Association (REIA) Meeting is
  • How she's found nearly all her deals by simply networking
  • Due diligence when loaning money to an investor
  • What lease options are
  • What a "due on sale" clause is
  • Closing a great deal after a seller was burned by wholesalers
  • Her passive income goals for the future
  • And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show408

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Oct 15, 2020
407: Buying 100+ Houses/Year in 4 Hours/Week Using Teams, Traction, and (Get this…) TikTok with Ryan Pineda
01:06:47

Want to think like a high-level investor and business owner who is seizing the moment and enjoying his best year ever? Listen up!

Former Oakland A's baseball player (and show 292 guest) Ryan Pineda steps back up to the plate today... and he delivers a detailed breakdown of how he's using TikTok, Youtube, billboards, and TV commercials to generate an avalanche of leads in the Las Vegas, NV market.

Ryan's team flips and wholesales 100 houses a year... but because he's set them up according to the EOS/Traction system, he spends just 3-4 hours per week running things!

Sound good? Well, a lot of hard work went it.

And in this episode, you'll hear the journey firsthand: from exactly how each member of Ryan's team handles a transaction, to why they keep a visual scoreboard in the office, to how he had to shift his mindset after realizing he was the bottleneck holding his business back.

In This Episode We Cover:

  • Operating a real estate brokerage, tax company, house flipping business all at once
  • Flipping 100 houses/year in 3-4 hours/week
  • How Ryan attracts deals using TV ads and billboards
  • Why he believes influence is the most valuable currency today
  • Finding the one thing you can't delegate
  • How he leads a team using EOS system from the book Traction
  • How structure can actually free your team up to do their best work
  • And SO much more!

Links from the Show:

Don't this miss one this one, and leave us (and Ryan) a comment in the show notes over at biggerpockets.com/show407.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Oct 11, 2020
406: 51 Units and $900/Month in Pure Cashflow on a “BRRRRnB” with Shelby Osborne
01:05:29

"Systems, People, and Positive Vibes" are what powers Shelby Osborne's business, and today she breaks down exactly how she's used those 3 forces to go from 0 to 51 units in just a few years.

Shelby shares how she boils everything down into checklists and automated reminders, so she can focus more energy on revenue-generating activities.

Plus, she shares a combination word that's right up there with "liger," "bromance," and "Bollywood": the "BRRRR-nB." In her Deal Deep Dive, she reveals how she picked up a foreclosure property, transformed it into an Airbnb to generate big-time cashflow, and expects to pull all her money out so she can do it again and again!

A former U.S. Army captain, Shelby is a serious go-getter and you won't help but be energized by her "no excuses" approach to life – colorful language and all ;) Oh, and before you leave this page be sure to check out her checklist for startup your own real estate meetup below! (If you can't see it on your phone, head over to biggerpockets.com/show406.)

In This Episode We Cover:

  • How Shelby transitioned from Army life to real estate agent and investor life
  • How she finances her deals with a combination of bank loans, hard money, private money and lines of credit
  • The details of her ongoing "BRRRnB" deal
  • How she saves time by using email templates and automated follow-up sequences
  • How to set up your business to run on autopilot so you don't have to rely on your (unreliable) brain
  • Building a community to attract talented people with positive attitudes
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show406

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Oct 08, 2020
405: Investing in the Only True Recession-Proof Asset: Yourself! with Lewis Howes
01:22:08

Do you have fears and insecurities that hold you back from the life you envision? No? OK, well we'll see you next week... But really: this topic gets to the heart of why so many real estate investors quit, fail, or never even get started at all.

Today's guest, Lewis Howes, has been studying these concepts for the past 13 years as host of the hit podcast School of Greatness. It all started as an effort to climb out of a major low point in Lewis' life, when he was broke and sleeping on his sister's couch... having crashed out of a brief arena football career.

In this episode, you'll learn how Lewis learned to hack his self-limiting beliefs by systematically putting himself in situations (Toastmasters, salsa dancing, public speaking) that utterly terrified him. And he shares some practical exercises you can do to achieve greater confidence and self-mastery.

Plus -- as a LinkedIn expert with a far-reaching network of connections, Lewis also opens up about how to effectively network on social media and elsewhere.

Don't miss this weekend episode of the BiggerPockets Real Estate Podcast, and give Lewis a shout on social media you take him up on his challenge to write a mission statement for your life!

As always: if you're enjoying these shows, the best way to show your appreciation is to rate and review us on Apple Podcasts. It really helps us out!

In This Episode We Cover:

  • Climbing out of a hole when he had no money and no marketable skills
  • Overcoming fear of public speaking
  • Two practical exercises to confront your biggest fears
  • The clarifying power of writing a personal mission statement
  • The LinkedIn message formula Lewis used when reaching out to powerful people
  • Choosing a niche, then a sub-niche
  • The 3 magic words that multiply your chances of getting a deal or upgrade
  • The one common trait shared by all the top performers he's interviewed
  • And SO much more!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show405

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Oct 04, 2020
404: How a Mailman Was Able to Quit His Job Through Real Estate Investing with George Gipson
01:04:06

We frequently talk about networking as a real estate investor: for example, talk to your mail carrier because they likely have seen opportunities in your neighborhood. But what if you are the mail carrier?

Today’s guest, George Gipson, worked for the USPS when he started investing, which seems like the perfect opportunity for finding deals. But as with any start in real estate investing, it isn’t always as easy as it seems.

In today’s episode, we talk about taking action and committing to yourself - to ensure that those key opportunities actually work in your favor. We also talk about how important it is to learn your personal finances before diving into investing, plus how George used house hacking and short-term renting to reach financial freedom at an early stage of his investing. He’s even quit his job at USPS now so he can focus full-time on real estate. This is a real story about getting it done and seeing your own potential.

In This Episode We Cover:

  • Investing that doesn’t meet your standard rules of thumb
  • Overcoming issues that might be deal-breakers for other investors
  • Living for free through house hacking and short-term renting
  • Setting up your short-term rentals for success
  • Utilizing your network to find deals
  • Pushing through your commitment to yourself, even when it isn’t easy
  • Finding the path in life that’s right for you
  • And SO much more!

Links from the Show


Check the full show notes here: http://biggerpockets.com/show404

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Oct 01, 2020
403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason Drees
01:00:08

Whoa.

Today we have the man Brandon credits with helping him "go big" in business and life: his performance coach, Jason Drees. In fact, Jason works with a bunch of real estate investors... and today he shares tools for getting your mindset right and getting out of your own way as you grow your portfolio!

You'll love hearing Jason explain what a coach does, how he worked with Brandon to turn a weakness (fear of fundraising/rejection) into a strength ($10M+ raised in 2020), and the reason why some of his clients are thriving despite COVID-19.

Plus: about halfway through, there's an absolute gem when the guys discuss the planning models they use to attack challenges. Jason suggests a small but powerful mindset shift, and we're not exaggerating when we say this one tip may cause you to rethink your whole plan... and unleash new potential you didn't know you had!

This is a real, vulnerable episode where both Brandon and David both discuss holding onto identities and beliefs that no longer served them. So what did you think? Let us know in the comments at biggerpockets.com/show403, or in a review on Apple Podcasts.

In This Episode We Cover:

  • Common ways real estate investors self-sabotage
  • How Brandon got around his discomfort with raising private money
  • How our mindset influences our emotions
  • The BIG difference between the "Decide, Plan, Commit" model and the "Decide, Commit, Plan" model
  • Avoiding goals that are too specific
  • Thinking like a millionaire
  • How to feel empowered in the midst of COVID-19
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show403

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Sep 27, 2020
402: Identifying Your Best Market, Neighborhood, and Property in 8 Steps with Brandon and David
01:16:44

When it comes to pulling the trigger on a rental property, what we have is a "paradox of choice." So. Many. Options. It's easy to suffer from Fear of Missing Out, and it's even easier to get overwhelmed by the vast array of options out there.

That's where today's show comes in: press play, and Brandon and David will guide you through an 8-step process to closing on that first (or next) rental property.

Along the way, they share the tools (BP Insights) and team members ("Core Four" and more!) they use to guide decisions about where and how to deploy their capital.

Your action steps start with clarifying your goals, then we move to comparing markets and sizing up different neighborhoods using school district ratings and crime data.

Next, we tackling finding a deal – whether you're using an agent, a wholesaler, turnkey provider, or going off-market yourself... and how to avoid getting into trouble by "trusting your gut and hoping" when you're in an unfamiliar territory.

If you invest out of state, should you fly out? What about systems and standard operating procedures once you've got a tenant in the property? We answer all those questions, and more.

Finally: We mention it a few times in this episode, and if you want to take advantage of our awesome new Pro benefit, BPInsights, use the discount code BPDATA for 20% of a Pro Annual membership.

You'll get access to exclusive BPInsights Facebook group, a bonus webinar showing you how to use this platform to identify a market, and a bunch of other great Pro benefits including unlimited calculator use. Oh, and be sure to use that discount code before it expires on October 1st, 2020!

In This Episode We Cover:

  • Comparing the Cashflow vs. Appreciation potential of various markets
  • Rent-to-Price and "Rent-to-Income" ratios + other indicators
  • How to find market rents, crime data, and school district info
  • The one team member you should seek out to double-check your assumptions about a neighborhood
  • Various types of deal finders and the pros and cons of working with each
  • What to consider when working with turnkey providers
  • Using BPInsights data in your quest for a property
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show402

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Sep 24, 2020
401: Follow these Steps to Get People to Know, Like, and Trust You with Jordan Harbinger
01:26:02

Welcome to the brand new Sunday edition of the show – where we go beyond tactics and focus on the "mind game."

In this premiere episode, you'll learn about the easy, free practice that might just be the highest ROI use of your time... and there is no one more qualified to teach this than Jordan Harbinger.

Jordan brushes aside common myths about transactional "networking" using business cards or annoying LinkedIn messages. Instead, he shares the proven system he's used to build a world-class network. In fact, Jordan's strategies are so effective, the CIA and MI6 intelligence agencies hired him to teach them to their agents!

So, how does this apply to real estate investing? Well.. what would it be like to have a solid stable of connections to mentors, private lenders, and people who actively look for opportunities for you? We're talking about people who you know would pick up your call. This show breaks down exactly how you can build those kind of relationship without changing your personalityeven if you think you don't have a ton to offer the other person.

Here's our challenge to you: put just one of these strategies into practice in your business this week, and see what happens. Hit us up on Instagram (@beardybrandon and @davidgreene24) to show us you did it! And remember, without committing to a system and following up, you won't get results.

Let us know what you think of this new iteration of the BiggerPockets Real Estate Podcast. And if you're interested in more conversations like this, check out Jordan's podcast, the Jordan Harbinger Show, wherever you listen to us.

In This Episode We Cover:

  • Why intentional networking is so crucial for real estate investors
  • How to take full advantage of your time at real estate meetups
  • His "Connect 4" system for reengaging with 4 people ("weak and dormant ties") each week
  • How to generate social capital
  • How to avoid strictly transactional relationships
  • The right way to introduce two people to each other over email
  • Developing confidence and overcoming shyness to succeed in the business world
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show401

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Sep 20, 2020
400: “This Advice Changed My Life” with Brandon and David
01:13:27

Over 400 episodes, we've absorbed a lot of hard-won real estate investing wisdom from our guests. Pretty tough to boil down to 10 concepts... but that's exactly what Brandon and David set out to do on today's show!

You'll hear them outline each principle, cite the person they learned it from, and bring it to life with real-world examples from their own investing experience as well as those of previous guests.

It's a fitting tribute to a major milestone for the show, and we hope it inspires you to revisit some classic episodes and implement this advice in your own business right away.

Thank you for supporting us; we sincerely appreciate you. If you like what we do, can we ask you to take 30 seconds to leave us a rating and review on Apple Podcasts? Every single one helps, and seeing your feedback motivates us to create more value on the road to episode 500!

In This Episode We Cover:

  • Playing "great defense" with your spending
  • The danger of jumping the gun with the wrong tenant, deal, or partner
  • Focusing on one niche until you're a master
  • Asking yourself exactly what you need to achieve your vision
  • Ways your ego can cost you money in real estate investing
  • Tracking results and constantly improving
  • Only investing in assets you know well
  • Why you should strive to be great at your day job
  • Why bigger deals aren't necessarily more harder
  • And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show400

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Sep 17, 2020
399: Solving the Investor/Contractor Relationship with Jeff Thorman of HomeRenovisionDIY
01:45:18

Today we’re swerving a bit from tradition to bring you a guest who is not a real estate investor. Jeff Thorman spent years as a general contractor, built his own company, then started his own YouTube channel, HomeRenovisionDIY, to teach people how to renovate their own homes.

Learn from his years of experience renovating in this episode. Jeff brings us incredible tips on building strong relationships with contractors - from inquiry to project close. We discuss the importance of using quality materials in any project. We even dive into some projects you should absolutely be able to do-it-yourself as an investor. As a real estate investor, you will have to complete renovation projects at some point - use this episode to make sure those projects are seamless and successful!

In This Episode We Cover:

  • Learning the contractors’ perspective
  • The importance in using quality materials and building long-term solutions in your properties
  • Shopping directly from suppliers to save money on big rehab projects
  • Creating systems to retain quality contractors
  • Understanding the real cost of low-cost materials 
  • Upgrades to improve your rental property and decrease vacancy
  • How to ask a contractor to walkthrough a project before you buy it
  • How to spot houses with cosmetic fixes vs. big, expensive projects
  • Newbie DIY projects anybody can tackle
  • And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show399

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Sep 10, 2020
398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl Yarber
01:07:16

When Tarl Yarber last appeared on the show (#189), we got a behind-the-scenes look at his monster house flipping business.

He was doing a lot of volume, but here's the catch: he was stressed out and unhappy. Plus... with zero rentals to his name, he had to keep spinning the hamster wheel – "feeding the machine" – to make any money.

Today's show is about a big mindset shift, and the systems and teams Tarl put in place to create a business that truly serves him, rather than the way around... and allows he and his wife to travel 200 days a year while working on his business rather than in it.

We cover a lot of topics here, from high-level success principles to the specific real estate investing actions you can take – today – to adopt a more intentional and focused approach to building longterm wealth.

Lastly – Tarl's an exceptional networker, and the guys discuss the importance of meeting up with other rockstar investors even if the pandemic is preventing you from doing it in person.

So... how do you do that?

Well, Tarl's hosting a virtual conference September 18-19, and he's offering a 50% discount to BiggerPockets Pro members (check your email). This isn't a series of webinars, either... You'll be able to actually meet up with other attendees through online breakout groups, so it solves for the biggest challenge most investors are facing right now.

Follow this link to http://virtualwealthexpobp.com/ to snag your ticket today!

In This Episode We Cover:

  • The many advantages of the Buy, Rehab, Rent, Refinance, Repeat (BRRRR) Strategy
  • Creating multiple exit strategies when BRRRR'ing
  • Why sketchy tax deductions can hurt your longterm wealth
  • Designing your real estate investing strategy to fit your desired lifestyle
  • How Tarl and his wife mapped out their vision on butcher paper
  • Making a "To Do" List and a "To Don't" List
  • Why businesses need to be able to "scale down" in times like these
  • And SO much more!

Links from the Show


Check the full show notes here: https://www.biggerpockets.com/show398 

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Sep 03, 2020
397: Live Calls! A Travel Nurse, a College Student, a High-End Flipper + More BP Members Put Brandon, David, and J Scott on the Hot Seat
01:23:25

In today's episode we open up the phone lines again to field your real estate investing questions... and for an added twist, we bring in the familiar voice of author, BiggerPockets Business Podcast host, and house flipper/investor extraordinaire J Scott.

You'll hear callers chime in with questions like: 1) "Help me get started" 2) "should I partner with family members?" 3) "How do I transition from single family to multifamily" – and much more! From refinancing and the finer points of BRRRR... to mentorship and long-distance investing... It's all here!

Tell Brandon and David what you think of this new format in the show notes at biggerpockets.com/show397. We want to hear from you, too!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Aug 27, 2020
396: Post-COVID-19 Investing and Landing Great Deals at Auctions with David Osborn and Aaron Amuchastegui
01:28:27

No one knows where the real estate market is headed next... but with an estimated 30 million Americans out of work, wouldn't you like to know how to buy foreclosed properties, step-by-step?

That's what you'll learn today, from two investors who have completed over 1,000 deals each: David Osborn and Aaron Amuchastegui. They begin the show by sharing their thoughts on today's economy (hint: they've kept plenty of cash cash on hand), then walk us through their 5-step process for successfully bidding on foreclosed properties at auction.

From building a list of properties, to lining up funding, to checking title and actually making your bid, you'll learn how David and Aaron (+ thousands of other investors) built serious wealth buying up distressed properties after the last big crash. This skill set is another tool to add to your tool belt, and whether there's another wave of foreclosures coming or not, you can use it to build serious wealth.

For more, pick up a copy of David and Aaron's new book, Bidding to Buy: A Step-by-Step Guide to Investing in Real Estate Foreclosures. And check out the show notes at biggerpockets.com/show396 for a transcript and other resources.

In This Episode We Cover:

  • The impact of COVID-19 on various assets
  • Why David Osborn is keeping a heavy cash position
  • How the foreclosure process works (notice, etc.)
  • What a foreclosure auction (sometimes called a "trustee sale") is
  • The 5 Steps to buying at auction
  • Why it's so important to drive by every property you plan to buy
  • Aaron's first auction experience as a newbie
  • How to deal with a lien on a property
  • And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show396

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Aug 20, 2020
395: From Car Valet to $100k/Month... Seriously! with Thach Nguyen
01:15:20

Today: a no-excuses, American Dream story that will get you fired up to go hunt down a deal!

Thach Nguyen is an investor and agent in the Seattle, Washington area. When he was a kid, his family fled Vietnam for the U.S... he later parked cars at a Chinese restaurant... and despite becoming a top-producing agent building a monster portfolio of paid-off rental properties, he's still hungry and shows no sign of slowing down.

In today's episode, Thach (pronounced "Thatch") shares the lessons he learned during the Great Recession, his criteria for buying a "perfect BRRRR"... and why he says there's no shame in living with mom and dad to save money!

Plus, the guys discuss the pros and cons of paying down mortgages, the psychological advantage of owning your primary residence free-and-clear, and Thach's favorite (free) lead generation strategy.

We think you'll love Thach's energy; he thinks big and will motivate you to do the same. Give him a follow (IG: @thachnguyen) and let us know what you think of this episode!

In This Episode We Cover:

  • How Thach created $100k/month (!) in rental income
  • Why he's focusing on the affordable housing niche
  • Buying townhouses in Seattle, WA
  • Buying a "micro-apartment" building in Oakland, CA
  • And SO much more!

Links from the Show


See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Aug 13, 2020
394: Making a 25 Deal/Year Business (and Marriage) Work... Together! with Elliot and Chrissy Smith
01:17:51

Ever considered partnering up with your spouse or another family member?

Today's guests Elliot and Chrissy Smith did just that when they left stable careers to flip, wholesale, and buy rental properties together in Washington state.

Running the business together wasn't easy on their marriage. In fact, they almost got divorced. Fast forward to today... they're happy, doing 25 deals/year, and building long-term wealth by steadily buying rental properties.

So, what adjustments did they make?

In this episode Elliot and Chrissy share what they've learned about defining roles, managing cashflow, and finding work-life balance as young parents who happen to be business partners. It's a rare inside look at the ups and downs – and risks and rewards – of running a true family business.

As die-hard fans right remember from his appearance on Show #255, Elliot is a skilled negotiator... and today he shares a surprisingly simple negotiating tip for those nerve-wracking kitchen table conversations with homeowners.

Look: you gotta love a couple who hires a babysitter just so they can drive around looking for distressed properties (a move which led to today's Deal Deep Dive). So check out this episode, and share it with your spouse, friend, or family member who you think might enjoy it!

In This Episode We Cover:

  • How Elliot and Chrissy divided their business into "lanes"
  • Their first taste of success with direct mail
  • Leaving full-time jobs to pursue their dreams in real estate
  • Dangers to be aware of when teaming up with your spouse
  • Showing a seller the math behind your offer
  • Plowing the cash from their flips into buy-and-hold rentals
  • Using the same exact same materials on every flip
  • Incentivizing a contractor by offering a profit share
  • Why they've slowed down their marketing in recent months
  • Elliot's cold call center for real estate investors
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show394

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Aug 06, 2020
393: Campus Maintenance Man to $10M in Real Estate Owned with Rick Jarman
01:13:43

Real estate investing... old school!

Rick Jarman (@realestateoldschool on Instagram) joins us today to share some of his hard-won wisdom from 44+ years as a flipper and landlord in Tuscaloosa, Alabama. And it's quite the journey, from cabinet maker and campus maintenance man to cigar-puffing 64-year-old social media influencer!

In this episode you'll hear tales of up markets, down markets, losing it all, getting it all back... and a tornado that wiped out 20 of Rick's 100+ rental houses. He also takes us through his rules for tenant screening, explains why he favors 15-year mortgages, and paints a picture of what it's like to self-manage such a large portfolio of single family homes (with a team, of course).

Give Rick a follow, and if you know someone who'd make a great guest on the BiggerPockets Real Estate Podcast send them over to biggerpockets.com/guest where they can apply to appear on the show.

In This Episode We Cover:

  • How Rick went from maintenance guy to owning 100+ properties
  • Selling his truck to buy his first rental in 1981
  • Investing lessons learned through 4 recessions
  • Why his rentals saved him when his home building business failed in the late 90s
  • Losing 20+ houses in a tornado in 2011
  • Rick's tenant screening process
  • Why tenants' credit scores don't tell the whole story
  • Wrapping 40+ houses into one loan
  • Why some investors "get bored with what works"
  • And SO much more!

Links from the Show

 Check the full show notes here: http://biggerpockets.com/show393

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jul 30, 2020
392: $12,500 per Month in 'Pure Cash Flow' With Todd Baldwin
00:58:04

A $1 million net worth before the age of 30... through frugality and creative real estate investing!

That's what Todd Baldwin's achieved in a few short years, riding the red-hot Seattle housing market by repeat house hacking, renting by the bedroom, and living way below his means.

Sure, Todd's benefited from appreciation, but he's also generating monster cash-on-cash returns across his 6 rental properties. And today, you'll learn just how he's doing it: how he finds pocket listings, why he favors new construction, why he pays for a $2,000/month service most landlords would never dream of providing, how he limits roommate drama, and much more.

Wondering if this is legal? We discuss that in detail. Oh, and get this—Todd's all-time vacancy rate? Zero percent. So if you're in a high-priced coastal market, you need to listen to this show. And if you don't, we can pretty much guarantee you'll still enjoy it and pick up a few landlording nuggets along the way.

Know someone who might put Todd's strategy to use? Share this episode with him or her today! And make sure you're subscribed to the show so you won't miss us next week.

In This Episode We Cover:

  • How Todd makes $12K+ in pure cash flow by renting by the bedroom
  • Why he buys new construction rather than fixer-uppers
  • Why he pays for all utilities
  • The legalities of renting by the room
  • The dangers of buying a property with a homeowner's association (HOA)
  • Using a Tinder-like app to find roommates and tenants
  • Why he hires maids to clean each of his 6 properties weekly
  • His system for preventing conflicts among roommates
  • How complementary skillsets make for great business (and romantic) relationships
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show392

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jul 23, 2020
391: Your Real Estate Questions Answered, Live! with Brandon, David, and BP Nation
01:02:45

Live calls, Dave Ramsey style!

In this episode we open up the phone (er, Zoom) lines to take audience questions on everything from "should I flip or hold this deal" to "Coronavirus cost me my job... how can I invest now?"

Brandon and David offer also advice on house hacking, Home Equity Lines of Credit (HELOCs), appraisals, and the pros and cons of tapping a retirement account to jumpstart a real estate investing career.

We'll be back to our regular programming next week... but let us know what you think of this format. And if you've got 30 seconds to leave us a rating and review in Apple Podcasts, we wouldn't be mad at that either.

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show391

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jul 16, 2020
390: 7 Figures from ONE Deal with Leka Devatha
01:26:21

From fashion design work in India, to a corporate career with Nordstrom... to leaving that career to flip 40+ houses in 6 years – all in one of the hottest markets on the planet!

Seattle investor Leka Devatha has quite a story to tell, and a lot of hard-won wisdom too! From her 6 tips for finding and keeping great contractors, to the exact criteria she uses when looking for a flip opportunity, Leka spills the beans and outlines a framework you can apply whether you choose to flip, BRRRR, wholesale, or buy and hold.

We cover a crucial tax tip for anyone hiring a contractor, ever. Leka shares an unexpected silver lining brought on by the pandemic. And your mind will be blown when she tells how a "cosmetic" flip opportunity morphed into 3-year odyssey and wound up rewarding her with a 7-figure (yes, 7-figure) payday.

Give Leka (pronounced "LAY-kuh") a follow on Instagram and let her know if you appreciate this episode... and make sure you subscribe to the show in your favorite podcast app, so you won't miss the next one.

In This Episode We Cover:

  • Flipping 40 homes in 6 years
  • A "cosmetic flip" that turned into a 7-figure (!) profit through the magic of subdivision
  • Why you should get to know the land use planner in your city
  • Leka's system for finding and retaining great contractors
  • How to start a real estate meetup
  • Why virtual networking amid COVID-19 is more efficient
  • Why she pays her broker a commission even if she keeps a house as a rental
  • Leka's criteria for a great flip opportunity
  • What W-9s are and why it's so important to get them signed up front
  • And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show390

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jul 09, 2020
389: He Changed His Strategy & Is Now Making $1M/Year! With Mike Simmons
01:29:42

Are you tired of toiling in the trenches... and ready to run a business that cranks out profits without your constant involvement?

That's what today's guest has managed to do! In this episode, Michigan-based investor Mike Simmons shares exactly how he went from moderate success to $1 million in annual profit.

You'll learn why Mike switched gears from flipping to wholesaling real estate, what he's learned from spending hundreds of thousands of dollars on various marketing channels, and the four-point checklist you must use when considering any kind of partnership.

Ultimately, expert marketing tactics are fine and well. But to scale, you've got to master leadership and hiring—topics Mike covers in great detail here and in his new book, Level Jumping.

So pick up a copy (see link below), and share this episode with a friend, family member, or fellow investor who you think would enjoy it!

In This Episode We Cover:

  • Mike's remedy to cure a bad case of "analysis paralysis"
  • Why he switched gears from flipping to wholesaling
  • Why wholesaling is NOT always a great thing for newbies
  • The marketing channels Mike uses to do 100 deals per year
  • Ultra-specific direct mail tips (from a guy who's sent hundreds of thousands of dollars of direct mail!)
  • What most do wrong with direct mail marketing
  • How he made a $50K assignment fee and the key lesson he learned
  • Hiring and managing transaction coordinators
  • Hiring his first salesperson on a "straight commission" pay structure
  • Using personality assessments like DISC and Kolbe when hiring
  • Why intelligence is not the most important predictor of success in real estate investing
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show389

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jul 02, 2020
388: The 7-Step “Playbook” for Scaling Your Real Estate Business With AJ Osborne
01:45:07

Do you dream of stepping back from the day to day and working on your business rather than in it? Of course you do!

AJ Osborne has achieved that goal—and having experienced a harrowing health emergency that incapacitated him for months (see show 286), this Boise, Idaho, investor is ultra-qualified to discuss the value of documenting, delegating, and streamlining your real estate business so it can run without you.

AJ owns and operates over 1 million square feet of self-storage. Today he breaks down the seven-step process he uses to improve operations, unlock hidden value, and scale fast.

If you're thinking, "I don't do deals that big," rest assured: AJ reveals that he actually lost money on his very first deal but gained a ton of wisdom, which he's generous enough to share with us today—and which applies across the board.

Plus, AJ shares a tip on financing deals that may totally change the way you think about growing your portfolio!

Check him out, and pick up a copy of his book, The Investor's Guide to Growing Wealth in Self-Storage: How to Turn a Real Estate Asset into a Thriving Business.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jun 25, 2020
387: Time Freedom Through 7 Deals in Her First 3 Years With Megan Greathouse
01:25:30

On today's show: the massive impact of just a few flips and a few small multifamily rental properties.

Starting in 2017, that combination allowed our guest Megan Greathouse to step aside from her W-2 job (her husband still works) and spend much more time with her two young kids... all while dedicating just 5 hours per month to self-managing her portfolio in St. Louis.

Want to know how she did it? Megan spells it all out in this episode and provides the exact tools and templates she uses to maximize her efficiency—enabling her business to serve her and allowing more time for what really matters.

Give Megan a follow, and share this episode with a friend, partner, spouse, or family member who you think might enjoy it!

In This Episode We Cover:

  • Starting out with a fourplex
  • Investing with a full-time job and kids
  • The P.R.O.P. system for property management
  • How Megan and her husband use the "2 in 5 Rule" to avoid capital gains taxes
  • How she uses real estate to create time freedom and hang out more with her kids
  • Flipping an old house near Washington University in St. Louis
  • A BRRRR "fail" (contractor issues) that turned out OK
  • Lessons she learned in the military
  • The key to avoiding analysis paralysis: "Get to 80% and go!"
  • Buying a 60-acre farm outside the city
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show387

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jun 18, 2020
Still Doing Deals... Thanks to These 2 Pivots With Marcus Maloney (Part 2, Post-Coronavirus)
00:34:39

Yesterday, Marcus Maloney showed us how he built his deal-finding machine. Today, he tells us how he's hanging onto it by making two big shifts in his business.

When the pandemic hit, lenders got nervous... and that put a couple of Marcus' deals in danger. So did he give up? No! He tapped his own network of private lenders to provide financing to his end buyers—a win-win-win.

Plus, Marcus tells us why he's shifted focus to the Midwest since we first spoke and how he worked out a deal with a "great tenant" who wound up unemployed and unable to pay rent.

Wondering how to adjust your business to the new normal? Check out this episode, and subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next one.

In This Episode We Cover:

  • The problems Marcus ran into in mid-March
  • How he plugged the gap with private money
  • Developing relationships with private lenders before you really need them
  • Why he's concentrating on a lower-priced market
  • How he negotiated with a resident who could no longer afford rent
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show386-5

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jun 12, 2020
386: Starting Out With $200 and Investing for Profit AND Cash Flow With Marcus Maloney (Part 1, Pre-Coronavirus)
01:01:35

From "bad drug dealer" in his youth... to earning a master's degree, then jumping into real estate at age 36 and crushing his first deal!

Today, Marcus Maloney shares his wild ride in Part 1 of two episodes this week. This one was recorded before the coronavirus pandemic, so we don't discuss that topic. Tomorrow, we'll dive into how Marcus pivoted to keep doing deals in these trying times.

In this episode, you'll learn how Marcus used just $200 to launch his career, how he acquired nine rental properties, and how he's completed dozens of local (Phoenix) and long-distance (Chicago) real estate transactions.

He also discusses the strategies he's using to generate leads, how he builds trust with both sellers and buyers, and how he works with acquisition managers, who take a cut of the deals they bring him.

Plus—the guys have a great conversation about performance coaching and why the thing that's holding you back probably isn't something you're going to fix at a real estate boot camp.

Marcus was nice enough to take some time out from riding his Harley to share some of his hard-won wisdom, so say hello to him on the BiggerPockets Forums, where he's a frequent contributor.

And don't forget to subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next show!

In This Episode We Cover:

  • How Marcus "flipped piglets" as a boy
  • How a rescinded job offer led to him to pursue real estate
  • The personal development he had to do to become a successful real estate investor
  • Direct mail marketing
  • Closing deals on the phone
  • Attracting partners by creating valuable content
  • Why Marcus lives in Phoenix but buys rentals near Chicago
  • What separates successful "bird dogs" and wholesalers from those who give up
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show386

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jun 11, 2020
385: Once Homeless, Now Investing in an Expensive Market (With No Money of His Own) With Greg Gaudet
01:27:37

Flipping with no money down... in Hawaii? You heard that right.

Greg Gaudet actually considers himself "risk-averse" and still holds a full-time job, but he's able to make nice chunks of change by hustling to find deals and managing rehabs for Brandon's team on Maui.

Today, Greg walks us through his journey from "rock bottom," including bouts with addiction and homelessness, to living the life of his dreams, buying a Porsche cash, and owning a handful of properties free and clear.

You'll learn the right way to approach investing in condos, how to bring value to a potential partner or mentor, how Greg manages risk by keeping his living expenses low, and the mindset shifts that allowed him to 1) get clean and 2) "get out of his own way" in the real estate business.

This is truly one of the most powerful stories we've told on the BiggerPockets Real Estate Podcast, and it's guaranteed to get your wheels spinning!

In This Episode We Cover:

  • How tragedy shaped much of Greg's early years
  • Bad advice he received when jumping into investing
  • What to look for (and avoid) when investing in condos
  • How Greg bought a condo for less than 50¢ on the dollar
  • How he and Brandon structure their flip deals
  • How anyone can flip without risk—if they're willing to work
  • Greg's "why" (and his paid-for Porsche)
  • How to approach a mentor without making it awkward
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show385

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jun 04, 2020
10 Deadly Mistakes Real Estate Investors Make with Brandon and David
00:42:13

After yesterday's deep dive interview discussing 2 disastrous flip projects, we have a solo show for you today.

And the title says it all, really.

Brandon and David boiled down nearly 400 podcast episodes, countless forum threads, books, and real-life conversations, and their own missteps and now present: the Top 10 Ways Real Estate Investors Lose Money.

These aren't the only ways to go wrong in this business, but at some point you're in danger of falling into at least one of these traps.

So, what did we miss? Let us know in the forums, the comments section on our show notes, or in the Official BiggerPockets Facebook Group. And be sure to subscribe to the BiggerPockets Real Estate Podcast so you won't miss an episode.

In This Episode We Cover:

  • Focus vs. spreading yourself too thin
  • The #1 way to lose money that you haven't thought of
  • Managing the people who manage your asset
  • What David calls "Spreadsheet magic"
  • Investing in areas with diverse employment
  • Over-renovating after watching too much HGTV
  • Inheriting tenants from a seller
  • Evaluating real estate agents
  • The myth of "more money down = more safety"
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show384-5

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

May 29, 2020
384: Losing $60k on His First 2 Flips so You Won't Have To with Spencer Cornelia
01:14:24

You can put a dollar number on the losses Spencer Cornelia took on his first two long-distance flips... but it's hard to quantify the value of the lessons he learned and is now passing on to you.

We noticed Spencer's thread detailing his struggles in the BiggerPockets forums and invited him on the show; he bravely accepted.

In this episode, you'll learn the pitfalls to watch out for when taking on heavy renovations (anywhere, but especially long-distance), how to ensure quality work is getting done, and the dangers of letting projects drag on when you're locked into expensive short-term financing.

Plus, it's not a total downer... because Spencer's seeing a bunch of success with his new Youtube venture, and plans to continue investing in (less aggressively leveraged) real estate projects.

Brandon and David add their own perspectives having made some similar errors in their careers, and tomorrow in Part 2 they'll break down the 10 Deadliest Mistakes Investors Make.

New investors: heed the advice in these two shows! And as always: run your numbers conservatively, know your own risk tolerance, and run deals by trusted advisors before jumping in.

In This Episode We Cover:

  • What went wrong with Spencer's rehabs
  • How to ensure contractors are doing quality work
  • Incentivizing team members and keeping them accountable
  • How much money he paid in interest and fees to his hard money lenders
  • Functional obsolescence and complications with older homes
  • Why you can't always trust an appraisal
  • "Home buyer turnoffs" and why it's easy to miss them
  • Why Spencer sold and took a loss rather than choosing another exit strategy
  • Why he's not giving up on real estate
  • How you can "go broke buying good deals"
  • And SO much more!

Links from the Show

 Check the full show notes here: http://biggerpockets.com/show384

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

May 28, 2020
383: Finding Your Perfect Partner and the Top 6 Factors When Choosing a Market with Ben Leybovich & Sam Grooms
02:00:41

Interested in someday making the leap to bigger investments? Don't miss this one!

Ben Leybovich and Sam Grooms join us for a high-level conversation about how they transitioned from flips and smaller assets to 100-plus-unit, value-add multifamily deals.

Since the first part of this show was recorded pre-coronavirus, we brought the guys back on to hear their thoughts on today's market and get an update on how their business is doing amid the volatility (spoiler: pretty well!).

In This Episode We Cover:

  • Finding the perfect partner for you
  • The 6 factors they look at when analyzing a market
  • Why Sam & Ben keep such a large reserve fund
  • Why investors sometimes overvalue cash flow
  • Why they like the Phoenix market
  • How to establish a competitive edge in real estate investing
  • How they look at multifamily syndication as "a long flip"
  • Why equity protects you
  • Buying insurance against interest rate increases
  • Hiring their own construction team
  • How they're adjusting to COVID-19
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show383

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

May 21, 2020
Surviving When the BRRRR Hits the Fan with Josiah Smelser (Part 2, Post-Coronavirus)
01:04:28

What happens to a no-money-down BRRRR investor when a pandemic breaks out, lending standards suddenly tighten, private money lenders get skittish, and property values quickly drop?

Today, Josiah Smelser returns to the show and tells all.

In Part 1 yesterday, we learned how Josiah built a $4M portfolio by buying, renovating, renting, refinancing, and repeating using both hard money and private money.

Coronavirus hit him hard. And if he didn't have cash reserves, credit options, and the right mindset, it might have totally wiped him out.

When the virus hit, Josiah had 10 properties he needed to refinance. It was a perfect storm: His private money lender immediately pulled funds, his refinance bank changed their terms, and property values dropped—all at once—meaning he would need to bring way more cash to the table.

What happened next? Listen to this episode to learn about how Josiah made it through the nightmare and came out on the other side... with more equity and reduced interest payments.

Real estate investing isn't all sunshine and rainbows. But if you keep your mind right, plan your exit strategies, and maintain cash and credit lines, you too can survive the curveballs thrown your way.

In This Episode We Cover:

  • What happens when private lenders want their money back
  • Why Josiah's bank changed the loan-to-value ratio on him
  • Tapping a cash-out refinance in an emergency
  • Trying to sell a property you had planned to BRRRR
  • Taking out loans in your spouse's name to get around loan limitations
  • Key to pulling off a BRRRR in a down market
  • How Josiah saved $750K in interest over 30 years by getting a lower interest rate
  • How an attorney can help you arrange a great partnership
  • Why Josiah looks at this stressful time as a highlight of his real estate investing career
  • And SO much more!

Links from the Show

Check full show notes here: https://www.biggerpockets.com/show382-5

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

May 15, 2020
382: No Money Down BRRRR Investing with Josiah Smelser (Part 1, Recorded Pre-Coronavirus)
01:23:57

Today we bring you Part 1 of back-to-back episodes with real estate investor/appraiser/author/all-around good guy Josiah Smelser.

This first conversation was recorded pre-coronavirus lockdown, but it's packed with tips you can put into action today. You'll learn how Josiah solved the #1 bottleneck in his business (capital!), allowing him to BRRRR at scale and rack up rental properties with very little money out of pocket. Even more impressive: he's doing it long-distance (The properties are in Dallas, TX and Josiah lives in Huntsville, AL.)

And if that weren't enough, the guys go in-depth on appraisals – and the techniques you can use to help appraisers see your side of the story. Josiah's a longtime licensed appraiser, so he speaks from experience... and he shares his playbook for giving yourself the best chance to pull all your money out of your deal.

If you like what Josiah has to say, then be sure to check it Part 2 tomorrow. We bring him back on, post-COVID-19, to discuss the serious challenges he's faced: lenders pulling out, property values dropping, and even a domestic violence issue at one of his rentals.

The good news: he made it through. Tune in tomorrow to hear how!

In This Episode We Cover:

  • Why Josiah sold his properties pre-2008 crash (and why he still regrets it!)
  • Combining hard money and private money to BRRRR with no money out of pocket
  • How Josiah uses "boots on the ground" partners to invest at a distance
  • Why he analyzes 8-10 deals per day
  • Buying houses sight unseen
  • Why BRRRR investors must keep cash reserves
  • How to talk to appraisers (like getting out of a speeding ticket!)
  • Why a property's list price is irrelevant
  • Deals... on the MLS, in 2020?!
  • The square footage trick that's made him thousands of dollars
  • Losing out to a lower offer on a big multifamily deal
  • And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show382

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

May 14, 2020
381: 5 Rules for Investing in a Down Market with Tucker Merrihew
01:18:29

Can you flip, wholesale, and buy rentals throughout a downturn?

Yes... IF you heed the advice given out in today's episode.

Our guest Tucker Merrihew is more than qualified to tackle this subject, having launched his real estate business in Portland, Oregon, in 2008—during one of the worst housing markets of all time.

In a rare "Double Deep Dive" segment, Tucker walks us through a couple TTM Development projects from 2009 and reveals exactly what he did right and wrong at the time.

As for the coming months... you'll learn which types of properties to avoid, which price ranges to target, and why renovating old homes can be risky business at this stage of the market cycle.

Plus, Tucker explains why he underwrites every deal at 3 different prices to make sure it passes his "Oh $#!# Test" if the market goes south.

Tucker is a seasoned pro with hundreds of deals under his belt, and he shares tons of valuable information for free in this episode. Be sure to subscribe to the BiggerPockets Real Estate Podcast for more tips on investing safely while taking advantage of the opportunities ahead.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

May 07, 2020
380: Profitable Landlording in a Crisis with Mike Butler, Chris Clothier, and Dave Poeppelmeier
01:43:47

Feeling like you're in uncharted territory as a landlord? You're in good company!

Today's show walks you through how to ethically and profitably manage rentals through the COVID-19 outbreak and beyond.

Brandon and David sit down with Mike Butler, acclaimed author of Landlording on Autopilot; Chris Clothier, partner at REI Nation (formerly Memphis Invest); and Dave Poeppelmeier, owner of eight houses in Toledo, Ohio.

You'll get a ton out of this panel discussion, including exact scripts for communicating with non-paying residents, strategies for connecting tenants to government resources, a discussion about "deferment" vs. "forbearance," and much more.

Mike (500+ units), Chris (6,000+ turnkey units), and Dave (8 properties, mostly student rentals) are all in different markets and at different stages of their investing careers... so you're guaranteed to learn something you can apply in your business today.

Enjoy this episode, jump on the BiggerPockets Forums to connect with fellow investors, and subscribe to this show in your favorite podcast app so you won't miss us next week!

In This Episode We Cover:

  • Mortgage forbearance vs. deferment for landlords
  • What % of REI Nation's tenants paid April rent
  • Establishing open lines of communication with tenants
  • What tone to use in conversations about rent
  • Why Dave proactively reached out to his renters
  • Guiding tenants to government resources (unemployment, etc.)
  • Creating contingency plans
  • Mike's "Wendy's walk-up window" for rent payment
  • How to look for better financing in low-interest-rate environments
  • How to stay organized if you're getting government assistance for your business
  • And SO much more!

Links from the Show

 Check the full show notes here: https://www.biggerpockets.com/show380

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Apr 30, 2020
379: What the Numbers Reveal About Today's Rents, Prices, and Top Cashflow Markets with Data Scientist Dave Meyer
01:12:31

There are plenty of opinions out there about where the real estate market is headed next. But what are the numbers telling us?

Today we dig into the data with Dave Meyer, BiggerPockets' VP of Growth and Analytics and a real estate investor himself.

Dave leads BiggerPockets Insights—a Pro/Premium benefit providing current local market data—and he's been looking at data points in the weeks since shelter-in-place orders began to grind the economy to a halt.

So...

Why are rents down? Why haven't prices dropped? And what data should investors be keeping an eye on? The guys tackle those questions and much more in today's episode.

Plus, Dave discusses his list of the country's best 11 cashflow markets adjusted for vacancy and explains what makes them so attractive right now.

Add in a topical "Fire Round" and a breakdown of Dave's "ski for free" Airbnb scheme, and you've got an action-packed episode sure to bolster your confidence in these uncertain times.

Check out this episode of the BiggerPockets Real Estate Podcast, and be sure to subscribe to the show in your favorite podcast app so you won't miss the next one!

In This Episode We Cover:

  • The top cashflow markets in the country for high value and low vacancy
  • 3 data points Dave looks at when analyzing a new market
  • Why housing prices haven't fallen much yet
  • Dave's (cautiously optimistic) forecast on real estate prices
  • What's happening to rents nationwide
  • What "income-to-price" reveals about a market
  • What BiggerPockets Insights is
  • How new investors can take advantage of this downtime
  • The potential of a population shift away from urban centers
  • How Dave bought an Airbnb in Colorado to "ski for free"
  • And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show379

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Apr 23, 2020
378: A $500M Syndicator's View on Today's Market and How to Succeed as a "Hands-Off Investor" with Brian Burke
01:32:02

With a recession already underway, we're turning to an investor with 30 years of experience, 3,000-plus multifamily units acquired, and one of the sharpest minds in real estate.

Brian Burke is back today, and he sits down with Brandon and David to offer his interpretation of current events and to guide our audience through how to invest passively without violating Warren Buffett's No. 1 rule: "Never Lose Money!"

Brian explains how his firm Praxis Capital is navigating COVID-19 and shares a few tips everyday investors can use to fortify their portfolios. We also discuss leverage, how lending practices are changing, and techniques you can use today to safeguard your investments against vacancy and drops in valuation.

In the second half of the show, Brian speaks to those interested in becoming "hands-off" investors—whether you want to focus on making money in your day job or just don't want to deal with being a landlord. After all, BiggerPockets has 10-plus books on how to actively get deals done... but none (until now) on how to evaluate passive investment opportunities.

We go over how to meet syndicators, what red flags to look for, how to diversify your investments... and the absolute No. 1 quality to look for in a passive investment (hint: it's NOT the deal itself).

This episode is packed with deep insights into the current market shift, but it's also a timeless lesson in evaluating syndication opportunities.

For more info, check out Brian's new book, The Hands-Off Investor: An Insider's Guide to Investing in Passive Real Estate Syndications, and all the great bonus content, too.

In This Episode We Cover:

  • How Brian got his start raising capital from his cop buddies
  • "Bulletproof vests" investors can use to survive right now
  • Brian's definition of "over-leveraged"
  • Why Brian is currently more focused on operations than acquisitions
  • How government stimulus $ may affect the real estate market
  • How and where passive investors meet syndicators
  • The #1 quality passive investors should look for in a syndicator
  • Why the deal sponsor is more important than the deal itself
  • Diversifying your passive investment portfolio
  • Red flags to look for when evaluating syndicators
  • Why "alignment of interests" is overrated
  • The lesson he learned from a friend who lost her life savings

Links from the Show

Check the full show notes here: http://biggerpockets.com/show378

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Apr 16, 2020
377: The Riches Are... on the Radio? How to Dial in Your Marketing & Do 100+ Deals a Year with Chris Arnold
01:23:04

Today's guest does 125 deals a year in Dallas—from his home base in the Caribbean.

How? Well, he bailed on direct mail marketing and doubled down on radio ads.

And when others froze up as the coronavirus spread, his team put in new systems and closed a $23,500 wholesale deal... without even stepping foot inside the house.

Chris Arnold zigs when others zag, and today you'll learn how he sets up his business so he can consistently work ON it, not in it... while enjoying a great lifestyle in Tulum, Mexico.

Chris shares timely tips for how to orchestrate deals while maintaining safe social distancing (he even holds "Zoom open houses" with multiple cash buyers at once); breaks down which team member handles each aspect of a transaction; and delivers a fantastic tip for new real estate investors struggling to stay focused.

Plus—Chris shares how advertising on local radio stations has elevated his home-buying business to new levels. Look, he says, you might prefer podcasts... "but you are not your seller!"

We play one of his ads on the show, and he guides us through how to research various audiences and negotiate the best rates with stations.

This show covers it all—from the finer points of buying properties at deep discounts to the mindset shifts Chris has made along the way.

Check it out, and if you enjoyed this please share it with just one family member or friend. We appreciate you, and we'll see you next Thursday.

In This Episode We Cover:

  • Why Chris runs his business virtually from Mexico
  • His #1 lead generation strategy: good old-fashioned radio!
  • 3 major demographics he markets to
  • Why "bouncing" is the reason so many newbies fail
  • 3 shifts he's made to adapt to COVID-19
  • How he decides whether to wholesale or fix and flip a property
  • The exact workflow his team uses to work leads from start to finish
  • How he inspects houses