122: 5 Myths Holding Investors Back From Real Estate Greatness with Chris Clothier
On this episode of the BiggerPockets Podcast, we’re talking about myths. No, not about Sasquatch, elves, or the abominable snowman. We’re talking about real estate myths that might be holding YOU back from greatness! We’re excited to bring back Chris Clothier, a seasoned investor and business owner who shares stories from his own experiences to help you achieve new levels of success. Don’t miss one second of this incredibly powerful and actionable podcast!
In This Episode We Cover:
- Who is Chris Clothier?
- What got him into real estate?
- Getting to the top 50 Home Buyers
- Five Real Estate Investment Myths
- Myth 1: Don’t work with family
- Myth 2: Past performance is a reliable predictor for future investments
- Myth 3: Investing in real estate is a big time sink
- Myth 4: You should only invest locally
- Myth 5: You should avoid risk at all cost
- Five specific scenarios that are risky and how Chris would handle them
- Learn an amazing tip when closing a deal!
- How not to get ripped off by a property management company
- And SO much more!
Links from the Show
- BP Podcast 026: Building a Scalable Real Estate Business and Tenant Management Tips with Chris Clothier
- RealtyTrac
- BP Podcast 005: Dealing with Death – A Financial Discussion with CFP Neal Frankle
- 20 Questions To Ask Before Hiring Rental Property Management
- How To Train A Property Management Company
- BiggerPockets Webinar
- BiggerPockets Forums
- BiggerPockets Marketplace
Books Mentioned in this Show
- Make It BIG!: 49 Secrets for Building a Life of Extreme Success by Frank E. McKinney
- Scaling Up: How a Few Companies Make It…and Why the Rest Don’t (Rockefeller Habits 2.0) by Verne Harnish
- Start with Why: How Great Leaders Inspire Everyone to Take Action by Simon Sinek
Tweetable Topics:
- “You don’t have a job for everyone.” (Tweet This!)
- “In any partnership there should be clear lines, clear boundaries, and clear respect.” (Tweet This!)
- “A lot of investors look to go out of area first because they don’t understand real estate.” (Tweet This!)
- “There maybe more risk with a lower cost investment, than higher cost investment.” (Tweet This!)
- “Our fear of losing money is greater than our desire to earn.” (Tweet This!)
- “Risk is all about assessing the good and the bad of making the decision or not making the decision.” (Tweet This!)
- “For investors, risk is not a bad thing.” (Tweet This!)
- “There is no perfect time.” (Tweet This!)
Connect with Chris
Learn more about your ad choices. Visit megaphone.fm/adchoices
Available Results
Generated results are saved to your library for reuse and search.
Choose Template
Pick the result you want. You can review provider and model before generating.
A concise first-pass summary for understanding the episode quickly.
A comprehensive, source-grounded extraction of the reusable knowledge in an episode.
A comprehensive extraction focused on opportunities, strategy, markets, and company building.
Explicit actions, next steps, habits, recommendations, and things to avoid.
Repeatable methods, frameworks, mental models, processes, and systems.
A dedicated inventory of concrete resources named in the episode.
A concise first-pass summary for understanding the episode quickly.
A detailed readable summary organized by chapter or topic.
A navigable map of subjects, topic flow, and suggested chapters.
A comprehensive, source-grounded extraction of the reusable knowledge in an episode.
Reusable atomic knowledge units extracted from the episode.
A comprehensive extraction focused on health practices, protocols, claims, and safety caveats.
A comprehensive extraction focused on opportunities, strategy, markets, and company building.
Explicit actions, next steps, habits, recommendations, and things to avoid.
A dedicated inventory of concrete resources named in the episode.
A dedicated analysis of warnings, limitations, trade-offs, weak evidence, and uncertainty.
A concise first-pass summary for understanding the episode quickly.
A detailed readable summary organized by chapter or topic.
A navigable map of subjects, topic flow, and suggested chapters.
A comprehensive, source-grounded extraction of the reusable knowledge in an episode.
Reusable atomic knowledge units extracted from the episode.
A comprehensive extraction focused on health practices, protocols, claims, and safety caveats.
A comprehensive extraction focused on opportunities, strategy, markets, and company building.
Scientific findings, mechanisms, studies, hypotheses, and the limits of the evidence discussed.
Technologies, AI models, technical methods, capabilities, limitations, and adoption implications.
Investment theses, assets, catalysts, valuation reasoning, time horizons, and risks.
Chronologies, actors, causes, consequences, turning points, and competing historical interpretations.
Policies, proposals, stakeholders, arguments, implementation constraints, and predicted effects.
Career paths, skills, hiring signals, workplace decisions, transitions, and limitations of the advice.
Behavioral mechanisms, biases, motivation, habits, emotions, interventions, and evidence limitations.
Economic mechanisms, incentives, indicators, market structure, forecasts, and uncertainty.
Leadership principles, team systems, organizational design, culture, feedback, and failure modes.
Audience, positioning, messaging, acquisition, retention, experiments, metrics, and failed approaches.
Teaching methods, learning strategies, practice, feedback, assessment, and effectiveness evidence.
Theses, premises, arguments, objections, values, thought experiments, and unresolved questions.
Communication patterns, conflict, boundaries, expectations, repair methods, and contextual limitations.
Books, papers, authors, courses, and other learning resources mentioned in the episode.
Repeatable methods, frameworks, mental models, processes, and systems.
Explicit actions, next steps, habits, recommendations, and things to avoid.
Memorable statements and important claims with attribution and source context.
A dedicated inventory of concrete resources named in the episode.
A dedicated analysis of warnings, limitations, trade-offs, weak evidence, and uncertainty.