41: How to Profit Through Long Term Flipping and Lease Options with Douglas Larson
On today’s episode of the BiggerPockets Podcast, we are excited to bring you a fascinating interview with real estate investor Douglas Larson.
Douglas has been investing for over 15 years, doing everything from flipping, buy and hold, lease options and more. Additionally, Douglas has some great stories of working for several weeks on a Guru sales floor, and sheds new light on the shady sales world that we, at BiggerPockets, stand so strongly against.
You definitely don’t want to miss this entertaining and informative show!
Read the transcript for episode 41 with Douglas Larson here.
In This Show, We Cover
- How Douglas started investing in an expensive location
- Tips for starting while working a full time job
- How to encourage your spouse to support your REI dream
- Tips for bidding for properties in online auctions
- “Scandal” in the online auction world
- Working with your spouse in a real estate business
- Lessons learned while working the “Guru” sales training
- Tips for dealing with contractors and keeping them on the job site
- And a lot more!
Links from the Show
- What Does the Fox Say (See the Video Below!)
- The 9-Year-Old Idea That Continues to Change Lives: Happy Birthday BiggerPockets!
- The BiggerPockets Podcast Homepage (Check out our new photo!)
- The BiggerPockets Resources Page
- BP Podcast 028: Note Investing and Raising Private Money with Dave Van Horn
- BP Podcast 037: Full Time Income, Part Time Lifestyle Real Estate Investing with Aaron Mazzrillo
- BP Podcast 034: Virtual Real Estate Investing and How to Find Great Deals in a Hot Market with Anson Young
- John T Reed – The B.S. Checklist
- Postlets.com
**Also – be sure to check out this great article from Douglas from over in the BiggerPockets Member Blogs with even more information from Douglas, as well as some photos of some of the properties mentioned in the show! “Bigger Pockets Podcast Show 41…” **
Books Mentioned in the Show
- The 4 Hour Workweek by Timothy Ferriss
- Rich Dad Poor Dadby Robert Kiyosaki
- Rich Dad’s Success Stories: Real Life Success Stories from Real Life People Who Followed the Rich Dad Lessons by Robert Kiyosaki
- The Millionaire Next Door by Thomas J. Stanley
- 7 Habits of Highly Effective People by
- Freakonomics: A Rogue Economist Explores the Hidden Side of Everything by Steven D. Levitt
Tweetable Topics
- People pay good money for turn key investments (Tweet This!)
- A lot of people can talk story – but not everyone get’s it.(Tweet This!)
- Luck doesn’t fall from the sky. You make your own luck.(Tweet This!)
Connect with Douglas
- Douglas’ Website: LuckyLarson.com
- Douglas’ BiggerPockets Profile
Learn more about your ad choices. Visit megaphone.fm/adchoices
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.