BiggerPockets Real Estate Podcast

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Looking to find financial independence through real estate but don’t want to be responsible for a portfolio of 100 homes? Well, that’s exactly what today’s guest is doing!

Jenny Bayless is a real estate investor in Colorado who is using long-distance investing principles to systematically build a portfolio of cash flowing properties using the BRRRR method! Jenny is absolutely crushing it by “making” deals in today’s tough market and shares what she looks for that other investors miss.

Learn her system for targeting fixer-upper properties, how she estimates rehab costs, and the method her real estate agent uses to send her videos of potential properties so she doesn’t have to drive hours to see them. Jenny also shares how she uses hard money to buy “cash,” how she found a rockstar agent, and how she backed into an “accidental BRRRR” that led to future success!

Today’s episode is equal parts inspirational and practical with TONS of actionable advice. If you want to retire early with real estate but don’t want the headache of managing 100 homes, don’t miss this show!

In This Episode We Cover:

• Long-distance principles Jenny uses to invest near her market
• How Jenny uses the BRRRR strategy to systematically grow her portfolio
• Ways to chase financial freedom without a monstrous portfolio
• How she has an agent do her due diligence for her
• The strategy she uses to “make” deals in a today’s tough market
• Her opinion on how to use turnkey properties to get started investing
• Ways to start with fixer-upper properties to get great deals in a hot market
• How she uses hard money to buy “cash” deals
• How she estimates rehab costs before writing offers,
• Her “accidental” BRRRR story
• How she’s pursuing financial independence with only 10 homes!
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Webinar
• Biggerpockets’ Instagram
• Brandon’s Instagram
• BiggerPockets BRRRR Guide
• How BRRRR Increases Your ROI (And Why You Should Be Using It)
• BiggerPockets Calculators
• BiggerPockets Bookstore
• Quickbooks Online
• Cozy Property Manager
• Buildium Property Manager
• Appfolio Property Management Software

Books Mentioned in this Show

• The Book on Estimating Rehab Costs by J. Scott
• The Book on Flipping Houses by J. Scott
• Long-Distance Real Estate Investing by David Greene
• Building Wealth One House at a Time by John Schaub
• The Book on Managing Rental Properties by Heather Turner and Brandon Turner
• Rich Dad’s Cashflow Quadrant by Robert Kiyosaki

Tweetable Topics:

• “The worst that they can say is no.” (Tweet This!)
• “We all know what it’s like to have a job. We don’t all know what it’s like to run a business.” (Tweet This!)

Connect with Jennifer

• Jennifer’s BiggerPockets Profile

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Have you ever considered flipping houses for cash but aren’t sure where to start? If so, today’s episode is perfect for you! Brandon and David interview Steven Pesavento, a long distance flipper who’s doing 75 deals a year. Steven shares several of his tips for success, including just what he does to keep his pipeline full of deals, how he follows up with qualified leads, and the strategy he used to get good at closing deals working for someone else!

You’ll love Steven’s system for choosing the best market to flip in, how he systematically ramped up his business, and how he built a team from the ground up (including each team member’s job title and description)! This episode is chock full of specific, actionable advice that will apply to newbies and experienced pros alike. Download and listen today!

How he finds his deals, where he is consistent and wins the long game, how he flips 75 houses a year, when to grit and when to quit, how to know when it’s time to ramp up your business, how to build and scale your business, the order in which you should hire, what makes up an all-star team, why repetitions are so important, and what to look for in a partner to help grow your business.

In This Episode We Cover:

• Steven’s background and how he got into real estate
• Learning through modeling successful investors
• The very first deal (which was not that great)
• How he set his goals
• Knowing the right time to get serious
• Direct mail and other marketing methods that worked for him
• Partnering with great people
• From zero to 75 deals within two years
• Raising money from private investors
• Renting his personal home on Airbnb to pay the bills
• Living frugally to get the business running
• Not taking a paycheck until year two so he could invest in people and growth
• And SO much more!

Links from the Show

• BiggerPockets Gift
• BiggerPockets Forums
• BiggerPockets Webinar
• BiggerPockets Jobs
• Tony Robbins’ Website
• BiggerPockets Podcast
• BiggerPockets Podcast 307: The Science Behind Setting and Achieving Big Goals
• BiggerPockets Hard Money Lenders
• Tony Robbin’s Events
• Amazon

Books Mentioned in this Show

• 90 Days of Intention by Brandon Turner (Journal)
• Four Hour Workweek by Tim Ferriss
• The ONE Thing by Gary Keller
• Rich Dad Poor Dad by Robert Kiyosaki
• Never Split the Difference by Chris Voss
• Awaken the Giant Within by Tony Robbins

Fire Round Questions

• Does anyone know of a way to finance a house where I could sell it in 3 months without hard money or cash?
• What kind of presentation do you use when trying to get funding for your flips?
• Any tips and tricks you use to ensure that you won’t go over budget during your rehab?
• How do I qualify for a loan to fix and flip houses without savings or good credit?

Tweetable Topics:

• “It’s not about how I may get rich, but it’s about how am I going to learn everything that I possibly can.” (Tweet This!)
• “We’re not doing anything special, we’re just doing it.” (Tweet This!)
• “It’s a very simple business, but it’s not that easy.” (Tweet This!)

Connect with Steven

• Steven’s BiggerPockets Profile
• Steven’s Company Website
• Steven’s Facebook Profile
• Steven’s Twitter Profile

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Would your life be positively impacted by owning over 400 rental units? What if you could get there in under four years? On today’s show, we interview BiggerPockets contributor Sterling White, who has managed to do just that!

Sterling shares how he started his entrepreneurial journey selling Pokemon cards and eventually worked his way up to owning over 150 single family properties (and several multifamilies as well). He also shares how he finds 90-100% of his properties OFF MARKET using a five-step system for finding and closing on them (so simple anyone can do it), as well as the script he uses when speaking directly to sellers. You don’t want to miss his powerful secret for building rapport with potential leads (by sending a specific puzzle to them in the mail) and how he raises money to close on these properties.

If you want to scale your business and want the blueprint for how to do it, don’t miss this powerful episode!

In This Episode We Cover:

• How Sterling got into real estate, working for free just to learn
• Negotiating equity: What is it?
• Why you possibly shouldn’t go the wholesaling route
• The benefit of focusing on your strengths
• How to work with your family and friends and branching out from there
• How he finds deals—cold call mixed with direct mail
• Why he sends Rubik’s cubes to prospects
• Tips for creating a network of investors by building a funnel
• What his team looks like
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Calculators
• BiggerPockets Events
• Mentor
• Better Business Bureau
• BiggerPockets Blog
• BiggerPockets Facebook Profile
• BiggerPockets Podcast 061: How to Succeed in Multifamily Investing – A Unique Conversation with Josh, Brandon, and Ben
• BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman
• BiggerPockets Youtube Channel
• Upwork
• Fiverr
• ListSource
• Brandon’s Instagram
• David’s Instagram

Books Mentioned in this Show

• 90 Days of Intention by Brandon Turner (Journal)
• Jab, Jab, Jab, Right Hook by Gary Vaynerchuk
• Multi-Family Millions by David Lindahl
• Lead the Field by Earl Nightingale

Fire Round Questions

• Should you invest in a passive deal first or jump straight in to being a deal sponsor?
• What do you believe are the pros/cons or benefits/risks of investing in multifamily and residential rental properties?
• Can you wholesale multifamily properties?
• What expenses I should consider when analyzing an apartment complex?
• Does anyone have any creative ways to target owners of apartment complexes to try and complete a deal?

Tweetable Topics:

• “You just have to train yourself to get past objections.” (Tweet This!)
• “Share your story to other people who are where you were.” (Tweet This!)
• “If you can’t negotiate the price, negotiate the terms.” (Tweet This!)
• “Everything is selling. Even when you’re buying, you still have to sell.” (Tweet This!)
• “We all have a short amount of time on this planet, so might as well go after your dreams and goals ultimately.” (Tweet This!)

Connect with Sterling

• Sterling’s BiggerPockets Profile
• Sterling’s Company Website

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Raise your hand if this describes you: You start working toward a new goal with excitement, only to watch it eventually fizzle out to nothing. If you’re human, it’s likely you’ve experienced this phenomenon. Why is it some goals are just so hard to accomplish, whereas others we’re able to conquer with ease?

On today’s episode of The BiggerPockets Podcast, that’s exactly what you’ll discover. Diving deep into psychological research on goals, motivation, and time management, Brandon and David will pull back the curtain on how people set and accomplish big goals and give you a GPS toward changing your life forever. If there is one episode you listen to all year, let it be this one!

In This Episode We Cover:

• The real estate G.P.S. system
• GOAL
• Specific
• Difficult
• Feedback
• Commitment
• Training your reticular activating system
• Make sub goals
• Reward yourself for small wins
• PLAN
• Why humans need processes and steps
• Lead measures vs. leg measures
• Learn the L.A.P.S. system on finding deals
• Keystone habits
• SCHEDULE
• Schedule meet-ups
• Set the behavior, time, and location
• ACCOUNTABILITY
• Why you may want to join a group that meets weekly with clear structure
• And SO much more!

Links from the Show

• GoBundance
• BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn
• BiggerPockets Calculators
• Realtor.com
• James Clear
• BiggerPockets Events
• Goals Research Summary (Graphs)
• Brandon’s Blog Posts
• StickK App
• Steph Curry Shoots ‘Til He Makes 500 3-Pointers Every Day: Here’s the Crucial Lesson That Teaches Us (Blog)

Books Mentioned in this Show

• 90 Days of Intention by Brandon Turner (Journal)
• Handbook of Positive Psychology by CR Snyder & Shane J. Lopez
• 59 Seconds: Change Your Life in Under a Minute by Richard Wiseman
• The Miracle Morning by Hal Elrod
• Power of Habit by Charles Duhigg
• The Subtle Art of Not Giving a F*ck by Mark Mason
• Pitch Anything by Oren Klaff

Tweetable Topics:

• “When people wrote down their goals, they were 33% more successful in achieving them.” (Tweet This!)
• “Subconscious is a powerful ally, but a terrible master.” (Tweet This!)
• “Every goal you desire is preceded by a process required to get the results.” (Tweet This!)

Connect with Brandon and David

• Brandon’s Instagram
• David’s Instagram

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Are you looking to take your investing from casual to serious someday? Have you ever thought about what it would take to own thousands of units without having real estate run your life?

Well, you’re in luck! On today’s show, we interview Monick Halm. Monick’s story will blow you away as she shares how she went from house hacking a duplex in L.A. to owning over one thousand units! Monick’s super simple system for finding others to partner with and invest in her deals has allowed her to scale without creating an overwhelming amount of work for herself.

You’ll be amazed at Monick’s super simple formula for using the “three Cs” to find partners, her tips for raising private money naturally, and the effortless way she scales her investing. Do NOT miss her seven step criteria for choosing a new market and how to evaluate an area to find where it is in the market cycle (including which point you want to jump in at). Monick’s story is creative, encouraging, and inspiring to investors of all levels. Don’t miss out on this show filled with practical advice today!

In This Episode We Cover:

• How Monick bought at worst time to get into real estate
• How she partnered on her first house with a friend and each lived in one side (unique and creative house hacking technique)
• How she met Robert Helms of the Real Estate Radio podcast and it changed her thinking
• Her “Three C” system for evaluating potential partners to work with: Character, Commitment, Capacity
• Her 7 criteria for choosing a market to invest in: Population growth, Job growth , Diversified economy, Landlord friendly, Business friendly, In the right part of the market cycle (rising market), Familiarity
• How she ramped up her business by getting into syndication
• Why finding “business friendly” markets will help ensure you have a healthy tenant pool
• The four stages to a market cycle (and which one you want to look for when deciding when to jump in)
• How she developed land to create an awesome RV park to satisfy a market with massive rental demand
• And SO much more!

Links from the Show

• BiggerPockets Forums
• Become a Guest at the BiggerPockets Podcast
• The Real Estate Guys Radio
• Flip or Flop (TV Series)
• Secrets of Successful Syndication

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert T. Kiyosaki
• Set for Life by Scott Trench
• Turning Pro by Steven Pressfield
• The War of Art by Steven Pressfield

Fire Round Questions

• Where to start a syndication?
• When starting out what was the best way to find partners?

Tweetable Topics:

• “Relationship is very crucial in real estate investing.” (Tweet This!)
• “Great talent does not cost you money; it makes you money.” (Tweet This!)
• “Definitely, we’d have not gone where we are now if we were doing this alone.” (Tweet This!)
• “Your network is your net worth.” (Tweet This!)

Connect with Monick

• Monick’s BiggerPockets Profile
• Monick’s Personal Website
• VIP Assets

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Are you interested in retiring early with real estate but don’t want to manage hundreds of properties to do so? Today’s guest has managed to travel to 54 countries in the last three years after retiring in his 30s by owning just FIVE properties.

Brad Dantonio shares exactly how he reached financial independence at such a young age by focusing on three unique skill sets (and how you can, too). In this episode, you’ll learn how Brad has created “time wealth,” how he tracks every expense he has, and how he achieved the equivalent of a four-year degree while sitting in Houston traffic!

Brad also gives us the three tips he shares with young people (including how to take your journaling to a whole new level), how he forever changed his relationship to fear, and how learning the art of delaying gratification at a young age gave him an advantage over his competition for life! Brad has a fantastic story of overcoming adversity as a young child and using his setbacks as fuel to create the system he used to retire early and live the life of his dreams. If you want to use real estate to live your best life, this is an episode you don’t want to miss!

In This Episode We Cover:

• How Brad got into real estate
• How he increased his income every year for 13 years because he was fanatical about self-development
• How journaling impacted his life
• The story of him selling his software to make money and using it to to buy houses
• How he ended up self studying about negotiation and sales
• His offensive and defensive techniques on living less and earning more
• The value of tracking expenses
• Why he thinks he’s wealthier than billionaires through the concept of time wealth
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Meetup and Events
• BiggerPockets Webinars
• My Fitness Pal
• My Body Tutor
• Toshl
• How Does it Feel to be Rich? (Blog)
• BiggerPockets Store
• MBA562 Guest Teacher: Brandon Turner- How to (Finally) Write a Wicked-Awesome Book in 100 Days or Less (Podcast Episode)
• A Simple 4-Step Process for Writing Your First Book in 100 Days (Blog)
• Connect with BiggerPockets Publishing
• SalesForce
• Amazon

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert T. Kiyosaki
• Lifeonaire by Steve Cook & Shaun McCloskey
• Poor Charlie’s Almanack by Charles T. Munger
• How to Invest in Real Estate by Joshua Dorkin, Brandon Turner
• How to Win Friends & Influence People by Dale Carnegie
• 90 Days of Intention Journal by Brandon Turner
• The Richest Man in Babylon by George S. Clason
• Titan: The Life of John D. Rockefeller, Sr. by Ron Chernow
• Robert Greene’s Mastery
• The 48 Laws of Power by Robert Greene
• Shoe Dog by Phil Knight

Fire Round Questions

• Has anyone compared the returns of a stock/bond portfolio against investing remotely in real estate
• If someone has the money to pay the mortgage in full, should they do it? or invest it?
• To MBA, or not to MBA?
• Would you buy a property with pending tenant evictions?

Tweetable Topics:

• “Inspect what you expect.” (Tweet This!)
• “You can’t spend enough money on books.” (Tweet This!)

Connect with Brad

• Brad’s Personal Website
• Brad’s Twitter Profile
• Brad’s Instagram
• Brad’s Facebook Page

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If you’re looking to have your mind completely blown and walk away feeling like you can and WILL do anything, this show is for you! Today’s guest is inspirational figure, fitness model, and Vine sensation Nick Santonastasso.Nick shares his personal story and holds nothing back, describing how he’s overcome the difficulties of being born with Hanhart syndrome and the incredible mindset he’s developed along the way that led to him meeting Dwayne “The Rock” Johnson, becoming an online viral sensation (and scaring a character from The Walking Dead as a zombie), climbing a mountain despite the absence of three limbs, and more!

Nick shares tons of actionable steps for overpowering fear, overcoming and adapting to any environment, harnessing the power of gratitude, and more than we can list here! If you’ve ever been stuck in a personal rut and want to find a way to establish a mindset that ALL real estate investors should be adopting, listen to this episode and share it with someone you love!

In This Episode We Cover:

• Nick’s story and a life with Hanhart syndrome
• Changing your internal language
• The story behind the skateboard handstand
• The importance of having an authentic self
• The “must be nice” syndrome
• Thoughts on having a “massive footprint”
• Breaking down goals
• Modeling yourself on someone
• Gratitude and why it’s important
• Choosing empowering over disempowering thoughts
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Webinars
• David’s Instagram
• Brandon’s Instagram
• BiggerPocket’s Instagram

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert T. Kiyosaki
• Victim to Victor by Nick Santonastasso

Tweetable Topics:

• “The emotion of gratitude outweighs all emotions.” (Tweet This!)
• “Humans in general have the tendency to start with ‘cannot.'” (Tweet This!)
• “Everything in life is trial and error.” (Tweet This!)
• “The biggest disability you can have is a bad mindset.” (Tweet This!)

Connect with Nick

• Nick’s Youtube Channel
• Nick’s Facebook Profile

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Are you a little tired of hearing about all the “successes” of real estate investors and wondering how realistic this is in the real world? Well, on today’s show, Brandon and David share the 10 biggest mistakes they’ve made in their investing careers—warts and all!

Let’s be honest—real estate isn’t all sunshine and rainbows. Mistakes happen! In this episode, we cover WHY investors often sabotage their own success and what can be done to overcome this! You’ll learn how to avoid massaging your numbers to force a bad deal through, how to guard against getting ripped off by contractors, how to hire the RIGHT team members to help you succeed, and how to fire the wrong ones!

We also cover the high cost of analysis paralysis and how to move past it, how to choose the right market for yourself, and the mistake that cost David $5,000—simply because he didn’t understand how inspection periods work in different states. If you want to see the real story behind real estate investing, including the stuff that often isn’t talked about, don’t miss your chance for some authentic, honest transparency from two experienced investors!

In This Episode We Cover:

• A discussion on waiting to start investing because you don’t feel you can do it yet
• The pros and cons of doing everything yourself
• The danger of working with the wrong people
• Stories of buying the wrong deal
• How to avoid not managing people correctly
• What can happen when you underestimate rehab costs
• Why you shouldn’t put too much down on a property
• The pitfalls of not doing enough market research
• Avoiding investing because your state is too expensive
• Not rehabbing correctly
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Webinars
• BiggerPockets Podcast
• BiggerPockets Contractors
• BiggerPockets Loans
• BiggerPockets Analysis Tools
• Biggerpockets File Place
• How to Buy Real Estate & Build Your Portfolio Fast! (“The Stack!”)

Books Mentioned in this Show

• Ego is the Enemy by Ryan Holiday
• The Millionaire Real Estate Agent by Gary Keller
• The Book on Estimating Rehab Costs by J. Scott
• So Good They Can’t Ignore You by Cal Newport
• High Performance Habits by Brendon Burchard

Fire Round Questions

• Is there a formula for budgeting for preventative maintenance and repairs.
• How long does it usually take you to get a unit rented out after purchasing?
• I am looking for advice and knowledge on how to go about getting into a second deal with all my funds tied up in this duplex currently
• What are your screening criteria that you use for weeding out bad deals when you’re looking to BRRRR?

Tweetable Topics:

• “Thinking small is more expensive than failing big.” (Tweet This!)
• “Find an investor-friendly agent.” (Tweet This!)
• “Calculators don’t have egos.” (Tweet This!)
• “The wise investor understands equity equals safety.” (Tweet This!)
• “Define what you want and work for it until you get it.” (Tweet This!)

Connect with Brandon and David

• Brandon’s Instagram
• Brandon’s BiggerPockets Profile
• David’s Instagram
• David’s BiggerPockets Profile

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Ever had an interest in house flipping but felt you needed help getting started? Today’s show covers that exact topic!

Cory Nemoto is an extremely humble but successful house flipper in Hawaii who is CRUSHING the game. On today’s show, Cory shares his personal strategies for keeping his pipeline full of great deals, what techniques he uses to make a minimum of $100k on each deal, how he partners with new investors to make everyone money, and his brilliant tips for building relationships with those most likely to build his business. You do not want to miss Cory’s unique strategy for using “debt-quity” to get deals brought to him before anyone else!

Cory has been so successful flipping houses in Hawaii that he’s moved his system to Seattle, where he’s crushing it there too—all using very simple methods built on relationships and creating win-win scenarios. If you’re looking for a can’t-miss way to build a profitable house flipping business, listen to this one!

In This Episode We Cover:

• The two reasons you should NOT get into real estate investing
• Figuring out your big “why”
• Cory’s unique strategy for getting started
•  What exactly “debt-quity” is
• How he makes a MINIMUM of $100k on each flip
• The networking strategy Cory uses to keep his pipeline full
• Where he finds hungry, ambitious, and like-minded people to partner with and his brilliant strategy to connect with them
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Webinars
• BiggerPockets Events
• BiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert Kiyosaki
• The Book on Flipping Houses by J. Scott
• The Go-Giver by Bob Burg & John David Mann

Fire Round Questions

• In your own experience, how or what have you done to find deals off-market?
• How are you finding your deals?
• Would it be better to buy higher end properties in good locations maybe?
• I am considering to invest a property either in Silicone Valley or Seattle area. What do you guys think?
• Anyone ever hold a “contractor” open house (so to speak)?
• How to source trustworthy contractors and inspectors?

Tweetable Topics:

• “Even if the profit is small, it doesn’t mean it’s not a good deal.” (Tweet This!)
• “Every deal is different.” (Tweet This!)
• “If you’re in it for the money and the image, then you’re not going to make it.” (Tweet This!)

Connect with Cory

• Cory’s BiggerPockets Profile
• Cory’s Website
• Cory’s Instagram
• Cory’s Facebook Profile

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Looking to get started investing but don’t have millions of dollars and notice there’s not a lot of opportunity in your market? Well, this is the episode for you! Today’s guest is a long-distance investor who uses the BRRRR strategy to buy fixer-upper properties in other states, then refinances to use the money to buy more deals!

Alex Felice shares his valuable insights on his criteria for analyzing deals, how he builds his out of state team, and why he’ll never look at a property in person! You won’t want to miss Alex’s strategies for overcoming the fear of investing long distance, as well as his plan for living broke on purpose and how he combines long-distance investing with the BRRRR method to build a portfolio that scales! Alex is a high-energy individual who is passionate about taking action and building the future he wants. Don’t miss your chance to learn from what he’s accomplished, and start making progress building your own portfolio now!

In This Episode We Cover:

• Alexander’s back story and how he got into real estate
• Why live-in flip?
• His strategy of being broke on purpose
• How he learned about the BRRRR strategy
• Why he thinks being close to your property is a crutch
• The importance of “skills that scale”: networking and education
• How to complete a BRRRR in 8 weeks
• What delayed financing is
• How to know what a good deal looks like
• What “unicorn paralysis” is and how to avoid it
• His strategy in his own market
• How to think like an underwriter
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Landlord Forms
• Zillow
• Trulia
• How I Analyzed a Deal in 5 Minutes (& Bought it Before Anyone Else Could) (blog)
• The Secret to Unlocking Bank Financing
• The highest return on investment you can make – Best Investment Books(blog)

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert Kiyosaki
• Principles: Life and Work by Ray Dalio
• Sapiens: A Brief History of Humankind by Yuval Noah Harari
• Thinking, Fast and Slow by Daniel Khaneman
• Science in the Soul by Richard Dawkins
• The Demon Haunted World by Carl Sagan
• Factfulness by Hans Rosling

Fire Round Questions

• Can someone explain BRRRR to me like I’m a second grader?
• What are some pro’s and con’s with buying investment properties out of state?
• I was just wondering, what questions should I ask potential real estate agents before I make them apart of my team?
• I am looking to purchase some property online sight unseen. Can you give me any tips for purchasing property like this?
• Do you focus on properties with little to no repairs?

Tweetable Topics:

• “Live life broke and save a bunch of money.” (Tweet This!)
• “Being close to your property is a hindrance.” (Tweet This!)
• “The only point of the first deal is to get the second deal.” (Tweet This!)
• “As fast as you can, as slow as you need to, but don’t set your goals too small.” (Tweet This!)
• “You want to convince people that are better than you to deal with you.” (Tweet This!)

Connect with Alexander

• Alexander’s BiggerPockets Profile
• Alexander’s Personal Blog

Learn more about your ad choices. Visit megaphone.fm/adchoices

What is the best way to get started investing in real estate? The problem with this question is that there are SO many different pieces of advice. That’s why we’re excited to bring you one of the most unique episodes of the BiggerPockets Podcast we’ve ever had. In this episode, Josh Dorkin is back—and he and Brandon deliver a series of interviews with some of the past guests from the BiggerPockets Podcast, including David Greene, Kenyon Meadows, Andrew Cushman, Arianne Lemire, Darren Sager, Ryan Murdock, Tim Shiner, Anson Young, Zeona McIntyre, and Ben Leybovich.

In This Episode We Cover:

• Why live and rent with Tim Shiner
• Darren Sager on what real estate investing strategy to focus on
• How to know if you’re ready with Ben Leybovich
• How Zeona McIntyre converts any kind of property into rentals
• Anson Young’s thoughts on when to tackle projects with grit and when to quit
• Why Kenyon Meadows thinks you should find an in-person mentor
• David Greene’s “one thing”
• How Arianne Lemire analyzes a deal each day
• Why Andrew Cushman focuses on process rather than outcome
• Ryan Murdock’s concept of cash reserves
• How to live-in flip with Mindy Jensen
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Store
• BiggerPockets Webinar
• BiggerPockets Events
• BiggerPockets Money Podcast

Books Mentioned in this Show

• How to Invest in Real Estate by Josh Dorkin and Brandon Turner
• Investing in Real Estate with No or Low Money Down by Brandon Turner
• Set for Life by Scott Trench
• Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets
• Rich Dad Poor Dad by Robert T. Kiyosaki
• Long-Distance Real Estate Investing by David Greene
• Emerging Real Estate Markets by David Lindahl
• My Wife Hates Loves Rent Houses by Tim and Crystal Shiner
• Entrepreneurial Reflections by Jay Rodgers
• Hamburger America by George Motz
• Never Split the Difference by Chris Voss
• Exactly What to Say by Phil M. Jones
• How I Turned $1,000 into Five Million in Real Estate in My Spare Time by William Nickerson
• Way of the Peaceful Warrior by Dan Millman
• Finding and Funding Great Deals by Anson Young
• Grit: The Power of Passion and Perseverance by Angela Duckworth
• High Performance Habits by Brendon Burchard
• Alternative Financial Medicine by Kenyon Meadows M.D.
• Building Wealth One House at a Time by John Schaub
• The ONE Thing by Gary Keller
• Thinking in Bets by Annie Duke
• Living with a SEAL by Jesse Itzler
• Extreme Ownership by Jocko Willink
• So Good They Can’t Ignore You by Cal Newport
• Miracle Morning by Hal Elrod
• The 4-hour Workweek by Timothy Ferriss
• Richest Man in Babylon by George S. Clason
• How to Sell Your Home by Mindy Jensen

Tweetable Topics:

• “I really don’t care that much if I’m negative or positive. My bigger thing is appreciation.” —Tim Shiner (Tweet This!)
• “You can’t do something until you are ready to do it.” —Ben Leybovich (Tweet This!)
• “Everything that we do has a process.” —Brandon Turner (Tweet This!)
• “You can go for an online course or YouTube videos, but you cannot replace that in-person mentor.” —Kenyon Meadows (Tweet This!)
• “Stop thinking that what you need is someone to hold your hand and walk you through this.” —David Greene (Tweet This!)
• “Daily, consistent action will lead to great results.” —Arianne Lemire (Tweet This!)
• “Focus on the process and not the outcome.” —Andrew Cushman (Tweet This!)
• “Failure is not a failure if you learn from it.” —Andrew Cushman (Tweet This!)

Connect with the Guests (through BiggerPockets)

• Tim Shiner
• Darren Sager
• Ben Leybovich
• Zeona McIntyre
• Anson Young
• Kenyon Meadows
• David Greene
• Arianne Lemire
• Andrew Cushman
• Ryan Murdock
• Mindy Jensen

Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever wonder about the REAL story behind the house flipping tv shows? On today’s show, we interview Ken Corsini, star of HGTV’s Flip or Flop Atlanta! Ken pulls back the curtain and shares fantastic insight and knowledge into several areas of real estate investing, from house flipping to new construction to owning a real estate brokerage!

In this episode, we cover Ken’s methods for finding deals in hot markets, how to recognize general contractor “price creep” (and what to do about it), and how to craft multiple exit strategies that will serve you in any market. Ken also shares some fantastic insight regarding his technique for staying flexible to protect himself from market downturns that you do NOT want to miss (if you value keeping money over losing it)!

In This Episode We Cover:

• Why Ken kicks himself for selling houses he flipped
• How he adapted to a changing market when hedge funds took over 
• How he started a construction business to keep up with the growing demand for big rehabs
• How he recognizes what the best strategy is for each market
• What “price creep” is—and what to do when you find it
• Why adaptability is your best ability
• And SO much more!

Links from the Show

• BiggerPockets Forums
• The Office (TV series)
• BiggerPockets’ Calculators
• BiggerPockets’ Rehab Estimator Calculator
• Turn-Key Property Investing: An Interview with Ken Corsini
• How to Buy Your First Home or Investment Property with No Down Payment (Carleton Sheets)

Books Mentioned in this Show

• Good to Great by Jim Collins

Fire Round Questions

• What are thoughts on building a duplex or triplex, or something like that?
• I’m trying to figure out how to estimate what the new home(s) will be worth
• What have you found as the best financing for new construction of investment properties?
• What type of insurance do you all recommend for short term real estate holding and construction?
• Could I hypothetically take a whole rundown neighboorhood and turn it into a highly desirable place to live?
• My question is what is the best way to legally structure to protect us both and also best structure tax wise?

Tweetable Topics:

• “I don’t think you can stay relevant if you don’t watch the signs and learn to adapt your business.” (Tweet This!)

Connect with Ken

• Ken’s Company Website
• Fix or Flop Atlanta (HGTV)

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Interested in building giant wealth through multifamily real estate investing? Well, on today’s show, we interview someone who already has. Michael Becker is an experienced multifamily investor who’s mastered the genre and simplified the process for being successful! Michael shares what every new investor needs to know about avoiding the biggest mistakes in multifamily, how to invest no matter the market or how hot it is, four problems to watch out for that led to the last recession, and a lot more! You DO NOT want to miss the deep dive where Michael shares how he and his partners made $10M in profit using a combination of BRRRR, syndication techniques, private money, and prudent decision-making. If you’ve ever thought about moving into multifamily investing at some point, don’t miss this show!

In This Episode We Cover:

• How Michael got into real estate
• The value of partnerships and networking
• Tips for buying 16 multifamily units
• What a cap rate is
• His thoughts on a crash and timing the market
• How he raises money for a deal
• Relationship-building and how it helps in any business
• Advice for using webinars to pitch
• Tips for raising capital
• Why you want to keep presentations simple
• Unique advantages of Fannie Mae and Freddie Mac loans
• Single family rentals vs. multifamily
• And SO much more!

Links from the Show

• BiggerPockets Forums
• Brandon’s Twitter Profile
• Brandon’s Instagram
• BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman
• BiggerPockets Podcast 279: How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman

Books Mentioned in this Show

• The Millionaire Real Estate Agent by Gary Keller
• The ABCs of Real Estate Investing by Ken McElroy
• The Advanced Guide to Real Estate Investing by Ken McElroy
• Am I Being Too Subtle by Sam Zell

Fire Round Questions

• Should we have an inspector walk through every unit?
• How do I do my first multi family syndication with no money down?
• Would you purchase all three together and secure one commercial loan for the properties or do I have to get three separate loans?

Tweetable Topics:

• “It’s much better to be the borrower than the lender when it comes to investing.” (Tweet This!)
• “All you really have to do is to close a deal or two.” (Tweet This!)
• “The world is full of capital.” (Tweet This!)
• “You don’t need to have everything. You just need to have access to it.” (Tweet This!)

Connect with Michael

• Michael’s Company Website
• Michael’s Podcast

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In today’s epic show, we interview World Series of Poker bracelet champion Annie Duke. Annie is a nationally sought-after speaker who combines her mastery of poker with a study of the cognitive sciences in a truly unique and brilliant way.

In this show, you’ll have your mind blown by Annie’s insights regarding following conventional wisdom (even if it doesn’t make sense), focusing too much on the results (and not enough on the right choice), and accepting a level of uncertainty to gain a HUGE advantage over your competition. Annie’s theories on “thinking in bets” are designed to help others navigate a world where we can’t be certain of an outcome, but still come out on top over time.

This is an absolute can’t-miss episode for those looking for strategies to overcome apprehension, fear, or uncertainty. Be sure to listen to this incredibly brilliant and powerful interview—and get the tools to take your next steps today!

In This Episode We Cover:

• Annie’s backstory and how she got into professional poker
• Her concept of risk management
• Thoughts on luck and circumstances we have no control over
• Elements of luck versus elements of skill
• Pete Carroll’s endgame decision
• The concept of “resulting”
• What constitutes a consensus choice
• Winning and losing—and caring about your decision-making process
• The difference between real estate investing and poker
• The importance of confidence and certainty
• Why one shouldn’t be afraid of losing and being blamed
• A champion versus a victim
• And SO much more!

Links from the Show

• BiggerPockets Forums
• Rounders
• BiggerPockets Podcast 074: Buying My First Investment Property- A Newbie Podcast with Jordan, Jacob and Jeromie
• Jordan Thibodeau’s Author Profile
• Scott’s Instagram
• David’s Instagram
• BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod

Books Mentioned in this Show

• Thinking in Bets by Annie Duke
• The Miracle Morning by Hal Elrod
• The Geometry of Wealth by Brian Portnoy
• Decide to Play Great Poker by Annie Duke
• Superforecasting by Dan Gardner and Philip E. Tetlock
• Extreme Ownership by Jocko Willink
• Radical Candor by Kim Scott
• Thinking, Fast and Slow by Daniel Kahneman
• The Signal and the Noise by Nate Silver
• Set for Life by Scott Trench

Tweetable Topics:

• “Every decision, even small executional decisions all the way to the larger goals, carries risks.” (Tweet This!)
• “There are no small decisions.” (Tweet This!)
• “The most important person we need to worry about pointing fingers at is ourselves.” (Tweet This!)

Connect with Annie

• Annie Duke’s Personal Website
• Annie Duke’s Twitter Profile

Learn more about your ad choices. Visit megaphone.fm/adchoices

What does it take to truly find financial independence? Money? Deals? Mentors? Or could it be something else entirely… something intangible? In this episode of the BiggerPockets Podcast, we sit down with Rock Thomas, a real estate investor and agent who shows others the simple mindset shifts needed to achieve financial freedom. In other words, it’s time to work on YOUR “money blueprint.” Through Rock’s story, you’ll learn the most important skills any individual needs to achieve in any field, the best way to find and attract mentors who can teach you the path, how to change your “operating system” to one that is far more successful, and so much more. With powerful stories, humor, and insight, Rock’s story is one you won’t want to miss!

In This Episode We Cover:

• Rock’s backstory as a worker on a farm
• What mentors look for into someone
• How he used pain to propel himself forward
• Saying yes to opportunities, no matter how difficult
• The importance of having what it takes
• Why you should seek out people with energy
• Being the guy who solves any problem
• The 4 money personality types
• The type of properties he invests in
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Webinar
• GoBundance
• How to Change the Way You See Yourself | Rock Thomas | Goalcast
• BiggerPockets Podcast 250: Grant Cardone on Multifamily Investing and Why You Should Never Buy a House!
• BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
• BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn

Books Mentioned in this Show

• Nothing Down for the 2000s by Robert G. Allen
• Rich Dad, Poor Dad by Robert Kiyosaki
• The ONE Thing by Gary Keller and Jay Papasan
• Rich Dad’s Cashflow Quadrant by Robert Kiyosaki
• Why the Rich Are Getting Richer by Robert Kiyosaki
• E- Myth Revisited by Michael Gerber
• Rocket Fuel by Gino Wickman & Mark Winters

Fire Round Questions

• Any ideas on how I get get financing for my first deal?
• What are some methods/strategies to lower my upfront costs for the down payment, while not getting beat up on interest rates?
• What should I have in my contract and what should I look for in doing a seller finance deal?
• Can a landlord evict a tenant for not paying all of the security deposit?
• What qualities define a great mentor?

Tweetable Topics:

• “Mentors, you want to admire them and you want to be them.” (Tweet This!)
• “When you step in the room and you feel you’re not the smartest guy, you’re in the right room.” (Tweet This!)
• “Get comfortable with being uncomfortable.” (Tweet This!)
• “You can get anything you want in life as long as you are committed and creative.” (Tweet This!)
• “Find what pisses people off and solve it for them.” (Tweet This!)

Connect with Rock

• Rock Thomas’ Personal Website
• Rock Thomas’ Website

Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you interested in learning how to flip 8-12 houses a month at $30k a pop? Well, this episode may be just what you’ve been looking for! On today’s show, we interview Melissa Johnson—house flipper extraordinaire and owner of the company Lead Propeller, a service that provides websites to help motivated sellers find real estate investors. Melissa provides some incredible information regarding how they find motivated sellers, how they negotiate deals, how they sync up with the best contractors! You won’t want to miss the three things your website NEEDS to generate seller leads, as well as the exact process to estimate rehab costs! Melissa and her husband Danny run the podcast Flip Junkie, and in this episode, they pull back the curtain to reveal the secrets to their business. Don’t miss out on your chance to learn from a seasoned pro!

In This Episode We Cover:

• Melissa’s story of getting into real estate
• How everything went wrong on her first deal 
• Why she doesn’t recommend a “burnout”
• Their amazing average flip volume and profit (hint: 8-12 deals a month!)
• Her top three lead sources
• How she uses SEO to her advantage
• Advice on putting up a website
• A discussion on flipping vs. wholesaling
• How to find the right contractor
• Tips for figuring out rehab costs
• Things to do when you go over budget
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Webinar
• Mission Meats
• BiggerPockets Perks
• BiggerPockets Podcast 144: Getting Out of Your Comfort Zone and Kicking Butt at Real Estate with Danny Johnson
• BiggerPockets Podcast 018 : Flipping, Marketing, and Wholesaling with Danny Johnson
• Episode 2: Is Wholesaling Illegal? w/Brandon Turner (FlippingJunkie Podcast)
• Skitch
• BiggerPockets Rehab Estimator Calculator
• BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
• BiggerPockets Podcast 284: The “Miracle” Behind Becoming a Millionaire with Hal Elrod and David Osborn
• LeadPropeller

Books Mentioned in this Show

• The Miracle Morning by Hal Elrod
• Flipping Houses Exposed by Danny Johnson
• The Five Temptations of a CEO by Patrick Lencioni
• The Advantage by Patrick Lencioni
• Grit by Angela Duckworth

Fire Round Questions

• What is the best way to go about finding a dependable, trustworthy contractor in a large city?
• What is your criteria for finding a project manager?
• Do you strictly work with licensed and insured contractors?
• How do you “ballpark” the repair costs for a flip and for a rental so that the turnaround on an offer is faster?
• What do you feel are the top 3 skills to do yourself rather than hiring a contractor?
• What are the best types of loans to get for buying rental properties and rehabbing them?

Tweetable Topics:

• “We are selling them solutions to their problems.” (Tweet This!)
• “Sellers feel more comfortable with people who seem real.” (Tweet This!)
• “We need to be the ones in control of the situation, not the contractor.” (Tweet This!)

Connect with Melissa

• Melissa’s BiggerPockets Profile
• Danny Buys Hosues
• Flipping Junkie
• Flipping Junkie Youtube Channel

Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you happy with the current state of your real estate business? If you’re like most people, the answer is no. On today’s show, we interview property management superstar Jesse McCue and dig deep into how he’s became Maine’s top property manager as well as a successful RE investor along the way. Jesse shares how he formed a partnership with a successful business to become an owner of the company, as well as how he bought a 67-unit hotel off of a tip from his electrician for half of its appraised value! You’ll be amazed as he describes a strategy that is “better than BRRRR”—and most importantly, the number one question you need to ask a property manager to find out if they are the right choice for you. If you want to learn how to put fundamental business skills to work in your investment business, this is a show you do not want to miss!

In This Episode We Cover:

• How Jesse was bitten by the real estate investing bug
• How he turned around a property in 6 months that required 8 years of budgeted rehab money
• The tactics he uses to hire people to help him scale his business
• How he made himself invaluable to a rising star and formed the perfect partnership 
• The questions you need to ask a property manager to determine if they are a rockstar or a dud
• Tips on buying a motel
• The “better than BRRRR” strategy
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Webinar
• BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock
• The Surprisingly Simple Reason Why You Feel Stressed (Blog)
• Rent Manager Property Management Software
• Buildium
• AppFolio

Books Mentioned in this Show

• 4-Hour Work Week by Timothy Ferriss
• The Book on Managing Rental Properties by Brandon Turner & Heather Turner
• The Snowball: Warren Buffett and the Business of Life by Alice Schroeder

Fire Round Questions

• What questions Should you ask property managers in an interview to get a feel for which ones are the best?
• How do you start a Property Management Company?
• What is the expected turn around for getting a property ready for a new renter by a property manager?
• When is self managing too much?
• What are some of your absolute “No’s” when screening tenants?
• I am about to have my first renter, what are some do’s and don’t that you would recommend?

Tweetable Topics:

• “When you know the people, you know what’s going on.” (Tweet This!)
• “If you are unhappy, your systems are broken.” (Tweet This!)
• “Do the things that make you feel light and not the things that make you feel heavy.” (Tweet This!)

Connect with Jesse

• Jesse’s BiggerPockets Profile
• Jesse’s Company Website

Learn more about your ad choices. Visit megaphone.fm/adchoices

Have you ever thought about retiring early, traveling, and living your best life now? On today’s show, we interview Chad Carson, author of the new BiggerPockets Publishing book Retire Early With Real Estate.

Today Chad shares how he and his partner were able to accumulate 90 units and live purely off the money generated by their portfolio! In this episode, learn how Chad got started and the steps he took to elevate his business and which strategies he used to make $120,000 on one flip!

Chad’s story covers the gamut of flipping, wholesaling, buy-and-hold, and more. If you want to know what it looks like to retire early with real estate (including what you may be doing wrong right now, and how to change that), this is an episode you definitely want to download now!

In This Episode We Cover:

• Chad’s strategies for retiring early through real estate
• If focusing on cash flow or equity is the smarter move
• How to control your budget
• If offense or defense is more important when it comes to building wealth
• How Chad made $120K in one flip
• How tax-lien strategies work — and what Chad did to capitalize on them
• Why “starter” investment homes aren’t always the best choice to stick with
• How to transition from wholesaling to other investment strategies
• How many hours you can expect to work each week once you’ve retired early with real estate
• How “the stack” can help you grow your portfolio fast and efficiently
• How house hacking can lead to an early retirement
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Webinar
• BiggerPockets Podcast 084: Getting Started with Creative Finance and Designing Your Ideal Lifestyle With Chad Carson
• BiggerPockets Podcast 141: 7 Ways to Find Incredible Real Estate Deals with Chad Carson
• BiggerPockets Store
• BiggerPockets Money Podcast
• The Shockingly Simple Math Behind Early Retirement – Mr. Money Mustache

Books Mentioned in this Show

• Retire Early With Real Estate by Chad Carson
• 4-Hour Work Week by Timothy Ferriss
• Building Wealth One House at a Time by John Schaub
• Big Shifts Ahead by John Burns
• Wooden by John Wooden

Fire Round Questions

• What is the best advice you got when you where first starting out or before you purchase your first investment?
• How long do you spend each day, working with real estate?
• Can you retire early with a few paid off rentals?
• Can I really retire early on 4 duplexes?
• Is house hacking to early retirement a viable strategy?
• Real estate or Roth IRA?
• How do you set your criteria for rental property investing?

Tweetable Topics:

• “Our core skill as an investor is figuring the value of real estate.” (Tweet This!)

Connect with Chad

• Chad’s BiggerPockets Profile
• Coach Carson Website
• Chad’s LinkedIn Profile
• Chad’s Facebook Profile
• Chad’s Instagram Profile
• Chad’s Twitter Profile

Learn more about your ad choices. Visit megaphone.fm/adchoices

Can you really create a massive real estate empire in a short time when starting with almost nothing? In today’s episode, you’ll not only discover that it’s possible, but you’ll see exactly how it was done. We sit down with Ryan Pineda, a former baseball player who got his start with just $10k while doing deals from the dugout. Ryan shares with us the exact strategies he’s using to more than double the number of deals he’s doing each year—and how he’s done that for the past four years. You’ll learn how he’s finding enough leads to flip 10 deals a month, how he’s able to buy long-distance, how he’s leveraging others so he can get more done, and much more.

In This Episode We Cover:

• Ryan’s background and how he got into flipping
• How he started flipping everything (including couches!)
• Closing 100 deals
• The details of his first deal
• The difference between hard money and private money lenders
• What his business looks like
• Using relationships to find deals
• How agents can influence a deal
• Finding great wholesalers and getting deals from them
• How Ryan’s funnel works
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Webinar
• BiggerPockets Events
• BiggerPockets Podcast 264: Gary Vaynerchuk on Finding Deals Through Social Media & Crushing It as an Entrepreneur
• 7 Years to 7 Figure Wealth

Books Mentioned in this Show

• Will You Be My Mother by Sally Huss
• Flip Your Future by Ryan Pineda
• Investing with Low or No Money Down by Brandon Turner
• The Book on Flipping Houses by J. Scott
• Long-Distance Real Estate Investing by David Greene
• The Everything Store by Brad Stone
• Elon Musk by Ashlee Vance
• Shoe Dog by Phil Knight

Fire Round Questions

• How do you rehabbers make the numbers work?
• Making improvements that increase the value of each property you buy by 10%. Suggestions?
• What are the common signs that a property has issues?
• How do you deal with bad neighbors?
• Just got my first booking and my guest was asking if they could check out like 4-5 hours later than my check out time

Tweetable Topics:

• “You have to know what the other roles need in order to train somebody to do it.” (Tweet This!)
• “Wholesalers are contract flippers.” (Tweet This!)
• “If the numbers work for me, then let’s do business.” (Tweet This!)

Connect with Ryan

• Ryan’s Company Website
• Ryan’s LinkedIn Profile
• Ryan’s Facebook Profile
• Ryan’s Instagram Profile

Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you struggling with finding deals in today’s market, where the best properties go fast? On today’s show, we interview Neal Collins, an investor in the red hot Portland Oregon who has figured out a way to find deals before anyone else even sees them! Neal shares the brilliant strategy he’s created to build a world where the best deals find him.

In this show, you’ll learn how Neal was able to find a 4-plex to house hacked—and how he made an additional $8-10k a month, as well as how he built a property management company and real estate brokerage (hint: he created an army of deal finders that get paid to make him money and find him deals) where he does none of the work but reaps all of the profits, and his brilliant, simple strategy for raising private money than anyone can replicate (he really hits the nail on the head with this one).

If you’re looking for a solid, profitable, and step-by-step process to make money and build wealth with real estate, you won’t want to miss how Neal did just that!

In This Episode We Cover:

• Neal’s journey to real estate investing
• How he accidentally got into seller financing
• The importance of being able to pivot and change investment strategies
• The kinds of properties he looks for
• His thoughts on Airbnb and short-term rentals in general
• How he got into managing other people’s properties
• His experiences managing 200 units and owning a brokerage
• Three things every investor looks for: returns, security, and customer service
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Webinar
• Brandon’s Instagram
• David’s Instagram
• GoBundance
• Airbnb
• Properly (App)
• BiggerPockets Youtube Channel
• Be a Guest on the Podcast

Books Mentioned in this Show

• Long-Distance Real Estate Investing by David Greene
• Confessions of a Real Estate Entrepreneur by James A. Randel
• Shoe Dog by Phil Knight

Fire Round Questions

• How do you reset for your next short term rental guests?
• What “extra” amenities do you provide to make the stay special?
• I wanted to know if anyone has a solution for reducing the time it takes to get through turning over linens in your short term rentals?
• I’ve read that some experts present themselves to tenants as the property manager, not the landlord.

Tweetable Topics:

• “They talk about the numbers, but they are not talking about the work.” (Tweet This!)
• “You have to leverage other people’s time and experience or build systems so that you can leverage your own time to do that.” (Tweet This!)
• “The deals are not going to come to you. If you’re not consistently swinging the bat, you’re not going to hit the ball.” (Tweet This!)

Connect with Neal

• Neal’s BiggerPockets Profile
• Neals Company Website
• Email Neal
• Neal’s LinkedIn Profile
• Neal’s Facebook Profile
• Neal’s Company Instagram Profile

Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you ready to get really excited about the life possible through real estate? This show will go down in BP history as one of the foundational episodes: Brandon Turner and David Greene dive deep into seven unique and powerful strategies for building a real estate business that can fill your life with cash—not work. You’ll love the humor, the stories, the lessons, and the tips throughout! This episode is one you’ll come back to time and time again. Plus — as an added bonus — Josh Dorkin comes back to the BiggerPockets Podcast to explain where he’s been and what the future of the BiggerPockets Podcast will look like! Don’t miss a moment of this powerful show!

In This Episode We Cover:

• Cashflow through rental properties
• What a turnkey property is and who it’s for
• BRRR Strategy
• Challenges with BRRR investing
• Note investing, lending, syndication, & crowdfunding
• The scale of passivity
• The first question David asks to people who want to do business with him
• House flipping
• Ways to become a CEO of a flipping business
• Multifamily investing
• Buying one house a year
• The Stack
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Webinar
• BiggerPockets Podcast 014 : Cash Flow, Creative Finance, and Life with Ben Leybovich
• BiggerPockets Podcast 279: How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman
• BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn
• BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan
• BiggerPockets Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager
• BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock
• 7 Powerful Benefits To Mobile Home Park Investing
• How to Build Your Real Estate Portfolio Faster Using “The Stack” (blog)
• BiggerPockets Money Podcast
• BiggerPockets Podcast 283: 18 Houses in the First 18 Months with Paul Thompson

Books Mentioned in this Show

• Real Estate Note Investing by Dave Van Horn
• The ONE Thing by Gary Keller and Jay Papansan
• So Good They Can’t Ignore You by Cal Newport
• Raising Private Capital by Matt Faircloth
• Own the Day, Own Your Life by Aubrey Marcus
• 59 Seconds by Richard Wiseman
• The Big Leap by Gay Hendricks
• High Performance Habits by Brendon Burchard

Tweetable Topics:

• “The goal is to buy a house as cheaply as you possibly can and make it worth as much as you possibly can.” (Tweet This!)
• “With every hire you make, your business should make more money.” (Tweet This!)

Connect with Brandon and David

• Brandon’s Instagram
• David’s Instagram

Learn more about your ad choices. Visit megaphone.fm/adchoices

Building a real estate business can be one of the best ways to achieve financial freedom. The problem for most, however, is money: There simply isn’t enough in your hands to get all the deals you want. That’s why today’s show might be the most impactful podcast episode you’ve ever heard. In today’s interview with Matt Faircloth, author of the new book Raising Private Capital, shares the steps needed to begin raising money from others to fund your real estate deals. You’ll discover the different types of private capital (and how to approach each), how Matt and his wife were able to grow from 30 units to over 300 (!) using other people’s money, and why talking about metrics to a private lender might not be a great idea at first. If you want to 10x your real estate portfolio or build your empire faster, this is one show you can’t afford to miss!

In This Episode We Cover:

• Who Matt Faircloth is
• How they’ve reached 380 units to date
• Tips for building wealth by investing in business
• What you should know about opportunity cost
• Finding deals versus making good deals
• How to raise private money
• Tips for starting a business with friends and family
• A role-play call with David
• The number one question potential cash providers ask
• Why you should start with debt
• A new way to look at debt
• When the SEC gets involved
• About his book
• And SO much more!

Links from the Show

• BiggerPockets Forums
• Brandon’s Instagram
• David’s Instagram
• BiggerPockets Instagram
• BiggerPockets Store
• BiggerPockets Podcast 203: Finding Deals, Funding, Contractors, and Mentors with Matt and Liz Faircloth
• BP Podcast 088: Investing with Your Spouse, Managing Financials, and Growing Your Team with Matt and Liz Faircloth
• BiggerPockets Webinar
• BNI
• BiggerPockets Pro Replay
• BiggerPockets Hard Money Lenders

Books Mentioned in this Show

• Rich Dad, Poor Dad by Robert Kiyosaki
• Rich Dad’s Cashflow Quadrant by Robert Kiyosaki
• Raising Private Capital by Matt Faircloth
• Lifeonaire by by Steve Cook & Shaun McCloskey

Fire Round Questions

• What kind of rates are investors getting from private lenders? What’s the holding period?
• Is there a serious, reliable source for PM lenders available?
• Would a loan from friends and family be considered private money?
• If you do pay for your coach, how does the fee work
• Whats up with the investors/mentors?
• Do I need a basic contract to use when raising private money, even from people I know and trust, even for family?
• Are there specific rules around raising the 20% down payment that most banks require?

Tweetable Topics:

• “When it comes to raising money, you got to establish trust first.” (Tweet This!)
• “People should start with debt.” (Tweet This!)
• “It’s not about finding good deals, it’s about making good deals.” (Tweet This!)
• “You’ve got to squeeze the lemon and make something out of it.” (Tweet This!)

Connect with Matt

• Matt’s BiggerPockets Profile
• Matt’s Company Website

Learn more about your ad choices. Visit megaphone.fm/adchoices

It takes a long, long time to become successful in real estate and financially free — doesn’t it? Well, not according to the power couple on today’s show! In this episode of the BiggerPockets Podcast, we sit down with Utah’s Jason and Carrie Harris, who have built a sizable portfolio of more than seventy rental units over the past few years. These two have used a variety of creative financing strategies, and the lessons and stories they share are sure to inspire and educate you! Be sure to listen for the story of how they bought a four-plex for no money down, put $3,000 into it, and later made $186,000 in profit from that one deal. It’s unbelievable!

In This Episode We Cover:

• Why real estate?
• Their first deal
• How they bought a four-plex and house-hacked it
• How they finance their deals
• Working their way with the bank
• Their current number of doors
• Commercial financing, residential financing, and partnerships
• Analysing multiple properties
• A deep dive on a deal
• Raising the rent and without losing tenants
• Lessons learned from an amazing deal
• Buying properties with no money down
• Upselling to their clients
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Events
• For Those Who Struggle Financially (Video)
• The Secret to Unlocking Bank Financing (PDF)
• Be a Podcast Guest!
• Brandon’s Instagram
• David’s Instagram

Books Mentioned in this Show

• Rich Dad, Poor Dad by Robert Kiyosaki
• The Book on Investing with Low or No Money Down by Brandon Turner
• Investing in Duplexes, Triplexes, and Quads by Larry Loftis
• The Book on Rental Property Investing by Brandon Turner
• The E-Myth Revisited by Michael E. Gerber
• The E-Myth Real Estate Investor by Michael E. Gerber

Fire Round Questions

• What brings more value, an extra bedroom or a garage space?
• What type of flooring do you use in your rentals, do you use carpet?
• What are your thoughts on investing in a property located in a flood zone?
• Curious to know if there are any good loan options (other than hard or private) that self employed people can use with little to no taxable income

Tweetable Topics:

• “We didn’t have a lot of money so we had to find ways to be creative.” (Tweet This!)
• “You find a good enough deal, the money’s going to be there.” (Tweet This!)
• “There’s a way there’s a solution. You have to make it work.” (Tweet This!)

Connect with Jason and Carrie

• Jason’s BiggerPockets Profile
• Jason and Carrie’s Company Website
• Email Jason and Carrie

Learn more about your ad choices. Visit megaphone.fm/adchoices

How much money does it take to invest in real estate? Is there really such a thing as “no- or low-money down?” After you hear today’s interview, you’ll know the truth! Today we sit down with Shiloh Lundahl, a real estate investor who specializes in putting together deals using a variety of different no- and low-money strategies in some pretty unique combinations. From utilizing business lines of credit, to bringing in partners, to hard money, to lease options and beyond, this episode will give you tons of ammunition for your own creative finance deals. And don’t miss the incredible strategy that Shiloh uses today to make 300 percent more per deal than if he were to flip the home. It’s pretty darn fantastic!

In This Episode We Cover:

• How Shiloh started his real estate investing journey
• The book that helped him heal
• Details about his first property
• Office hacking and subleasing a sublease
• His first flipping deal — $30K turned to $195K
• How he bought his dream car
• Losing $5K on his first flip
• A hack with city inspectors
• The importance of needing an assistant
• The six different strategies he uses creatively
• Moving to a lease-option model
• Getting $800K in business lines of credit
• Lease options and how he uses them
• Selling properties 5–7 percent higher than the current ARV
• Explaining lease option through videos
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Bookstore
• BiggerPockets Webinar
• BiggerPockets Landlord Forms
• BiggerPockets Pro
• Dave Ramsey
• BiggerPockets Podcast 275: Buying 300 Homes While Working a Full-Time Job with Attorney Rob Oliver
• Lease Option Video

Books Mentioned in this Show

• Long Distance Real Estate Investing by David Greene
• Rich Dad, Poor Dad by Robert Kiyosaki
• Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki
• The Book on Investing with Low or No Money Down by Brandon Turner
• The Richest Man in Babylon by George S. Clason
• Shoe Dog by Phil Knight

Fire Round Questions

• I’m a little confused between lease option, lease purchase, and subject to. Doesn’t the existing financing stay in place for all three?
• Have you ever done a lease option agreement with seller for 6 months and lease option the property to buyer for 3 months?
• Lease Option Contract vs Rental Agreement & separate Option Agreement
• Am I crazy for considering a lease option to get out from under a low performing property?
• When you are lease optioning homes to tenants/buyers, what percentage actually end up exercising the options?

Tweetable Topics:

• “Frustration comes from unmet expectations.” (Tweet This!)
• “Each deal I learn quite a bit from it.” (Tweet This!)

Connect with Shiloh

• Shiloh’s BiggerPockets Profile
• Shiloh’s Company Profile

Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever have a conversation that is just impacts your life so powerfully you wish you could share it with everyone? That’s exactly what our conversation on today’s episode of the BiggerPockets Podcast is! Our guest, AJ Osborne, shares an incredible story of building his real estate business — which focuses on self-storage facilities — as a way to transition his family from rich to wealthy (and yes, there is a difference!) This show is packed with insight from AJ, including:

• How a loss on his first deal directly led to millions of dollars in later profit
• How to find underperforming real estate deals
• How he made $13,000,000 in equity from a old Kmart building
• And the medical emergency that put his real estate to the ultimate survival test while AJ fought for his life (this story will shock, amaze, and inspire you!)

This show is one of the most powerful episodes yet of the BiggerPockets Podcast, and we’re excited for you to dive in!

In This Episode We Cover:

• His first deal that didn’t go the way he wanted… but the logic behind doing that deal (super important for every newbie)
• The difference between being rich and being wealthy
• Picking a wealth vehicle — and the difference between a Ferrari and a train
• How to find an underperforming self storage building and turn it around (applies to any kind of real estate)
• The Kmart story that helped him build around $13,000,000 in equity 
• Price / Convenience / Quality
• Coma: “One of the most incredible stories I’ve ever heard”
• Subsequent: Does your business survive “the coma test”?
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Webinar
• BiggerPockets Podcast 245: Creating Wealth that Lasts Generations with Bestselling Author Ryan Holiday

Books Mentioned in this Show

• The Essays of Warren Buffett by Warren Buffet & Lawrence A. Cunningham
• The Obstacle is the Way by Ryan Holiday
• Conspiracy Ryan Holiday

Fire Round Questions

• What are the conditions that make for an ideal development opportunity?
• Is there any issue with renting out a storage unit in a self storage facility then subleasing it out to someone else?
• Is Loopnet the best source for self-storage deals or is there another website that focuses exclusively on self-storage?
• Managing Self Storage how far is too far?

Tweetable Topics:

• “It’s not about overthinking things. It’s about finding things that work and putting them into action quickly.” (Tweet This!)
• “There’s no way you win in life without having your agenda and being purposeful towards your agenda.” (Tweet This!)
• “The economic downturn was my lucky break.” (Tweet This!)
• “Work ethic is not enough.” (Tweet This!)

Connect with Aj

• AJ’s Blog
• AJ’s Instagram
• AJ’s Facebook Profile
• AJ’s Twitter Profile

Learn more about your ad choices. Visit megaphone.fm/adchoices

Is there such thing as a “perfect investment?” According to today’s guest, yes. Today on the BiggerPockets Podcast we sit down with Paul Moore, a real estate investor whose 18-year journey through real estate has included house flipping, new construction, hotels, and finally—multifamily. In this episode, Paul shares three powerful reasons why multifamily might just be the most perfect real estate investment. You’ll learn how Paul discovered the vital difference between investing and speculating, why falling in love (with a deal) is incredibly dangerous, and the huge real estate gamble that Paul made that cost him $40,000. If you plan to eventually buy small multifamily properties, this is one podcast episode you can’t miss!

In This Episode We Cover:

• Paul’s history and how he got into real estate
• Bought a house for $34,000—painted it, and sold it for $65,000
• Never fall in love with a deal
• From two failed flips to 50 successful ones!
• The difference between gambling and investing
• How he built a Hyatt hotel with a partner and lost money
• Some reason behind the dropping of homeownership
• Why he thinks multifamily properties are perfect investments
• How he looked at 180 deals this year
• He sold an HR company in ’97 for almost $3 million. Ten years later he was 2.5 million in debt.
• How he was able to end up debt free 13 months later
• Financing an $8.7 million multifamily property
• What is a green loan program?
• The journey to a syndication process
• How he’s been able to write a book, have a podcast, and write for BiggerPockets
• Networking through BiggerPockets
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Webinars
• Tim Ferriss Show
• BiggerPockets New Member Introductions Forums
• NMAC Conference

Books Mentioned in this Show

• Mastering the Rockefeller Habits by Verne Harnish
• The Perfect Investment by Paul Moore
• The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges
• The ONE Thing by Jay Papasan and Gary Keller

Fire Round Questions

• What is a good way of finding multifamily owners if it’s owned by an LLC?
• Where do you gets your numbers when it comes to multifamily units?

Tweetable Topics:

• “Every percent drop in home ownership means a million new people in the renter pool.” (Tweet This!)
• “When baby boomers rent, they never return to buying again.” (Tweet This!)
• “Don’t fall in love with a deal.” (Tweet This!)
• “Wealth built up slowly over time is the key to become successful.” (Tweet This!)

Connect with Paul

• Paul’s Company Website
• Paul’s Podcast
• Paul’s Posts on BiggerPockets
• Paul’s BiggerPockets Profile

Learn more about your ad choices. Visit megaphone.fm/adchoices

Wealth is not an accident, it’s a choice. And on today’s powerful episode of The BiggerPockets Podcast, you’ll learn exactly how to make that choice each and every day. We’re excited to bring back two return guests, Hal Elrod and David Osborn, to talk about the choices that wealthy people make to ensure they stay focused on reaching their goals. You’ll hear about Hal’s recent battle with cancer and the mindset that allowed him to overcome the odds and live. You’ll discover how your diet can make you wealthy and how to command your day from the moment you wake—even if you aren’t a morning person. And you’ll discover the powerful concept of having an “air game” in addition to your “ground game”—and how understanding the distinction can make you wealthier than you have ever dreamed. Packed with wisdom, humor, and incredible insight, this show will leave you pumped up and ready to choose wealth.

In This Episode We Cover:

• Hal’s cancer survival story and the Miracle Morning movie
• David’s latest updates
• What their miracle mornings look like
• How Miracle Morning for Millionaires came to be
• Overcoming the “but I’m not a morning person” objection
• How to own your agenda
• Choosing to be wealthy
• How to find the right group of people
• The thing that’s more effective than work ethic
• Tips on self leadership
• How to develop unwavering focus
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
• BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn
• BiggerPockets Webinars
• Illuminate Film Festival
• Why I Don’t Want To Get Rich (And Why You Shouldn’t Either) (Article)
• GoBundance

Books Mentioned in this Show

• The Miracle Morning by Hal Elrod
• Miracle Morning Millionaires by Hal Elrod, David Osborn & Honoree Corder
• Secrets of the Millionaire Mind by T. Harv Eker
• Rich Dad Poor Dad by Robert T. Kiyosaki
• Rich Dad’s CASHFLOW Quadrant by Robert T. Kiyosaki
• Wealth Can’t Wait by David Osborn

Tweetable Topics:

• “It’s not about overthinking things. It’s about finding things that work and putting them into action quickly.” (Tweet This!)
• “There’s no way you win in life without having your agenda and being purposeful towards your agenda.” (Tweet This!)
• “The economic downturn was my lucky break.” (Tweet This!)
• “Work ethic is not enough.” (Tweet This!)

Connect with Hal and David

• The Miracle Morning Website

Learn more about your ad choices. Visit megaphone.fm/adchoices

Start slow—or take off like a rocket? When it comes to real estate investing, the choice isn’t the same for all. This week, our guest Paul Thompson made a clear choice: Rocket! After realizing the fragile nature of his six-figure salary, he set out to replace his salary with passive income—as quickly as possible. This led him to average a new home purchase every month for the first year and a half, and soon he had true financial freedom and quit his 9–5. This show is packed full of actionable tips, including some never-before-heard-on-this-podcast strategies for finding deals with the use of virtual assistants, Craigslist, and cold calling! This is one episode for which you’ll need to take some notes, so grab a notebook and let’s get into it!

In This Episode We Cover:

• Paul’s backstory prior to real estate investing
• His first deal doing the BRRRR method
• What is escape velocity?
• P.I.L.E. (Passive Income greater than your Living Expenses)
• How he manages his properties
• Finding private money lenders through BiggerPockets
• His system in making offers
• Things he looks for in each deal
• How to negotiate for seller financing
• Subject-to explained
• Why does he L.I.E. every day?
• His interesting thoughts about money
• How he balances his time
• The third-party catalyst
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Webinar
• David Greene’s Twitter Profile
• David Greene’s Instagram
• Brandon’s Twitter Profile
• Brandon’s Instagram
• BiggerPockets Twitter Profile
• BiggerPockets Instagram
• BiggerPockets New Member Introduction Forums
• Upwork
• Screen-O-Matic
• Zillow
• Craigslist
• CallRail
• Podio
• Zapier
• Google Duplex
• GoBundance
• How I Analyzed a Deal in 5 Minutes (& Bought it Before Anyone Else Could)
• Uber
• Turo
• BiggerPockets Podcast Guest Form

Books Mentioned in this Show

• Long-Distance Real Estate Investing by David Greene
• The Book on Investing with No and Low Money Down by Brandon Turner
• Building Wealth One House at a Time by John Schaub
• The Richest Man in Babylon by George S. Clason
• The Pumpkin Plan by Mike Michalowicz
• Profit First by Mike Michalowicz
• The Big Leap by Gay Hendricks

Fire Round Questions

• How detailed of a plan for financing do I need before I start actively hunting for deals?
• What niche/strategy will yield the most results, direct mail for subject to and owner financing or finding partners/private money?

Tweetable Topics:

• “How many deals do you have is the wrong question to ask. It’s how much cashflow are you generating?” (Tweet This!)
• “Never assume that what is important to you is important to the other party.” (Tweet This!)
• “There is plenty of money for the things you really want.” (Tweet This!)
• “You don’t want cash, you want what cash can give you.” (Tweet This!)

Connect with Paul

• Paul’s BiggerPockets Profile
• Paul’s Website

Learn more about your ad choices. Visit megaphone.fm/adchoices

When does one plus one equal WAY more than two? Real estate partnerships! On this episode of The BiggerPockets Podcast, we sit down with two real estate investors (Jay Helms and Tim Kelly) who were attempting to build their business alone, but found they could do far more together. In this fun and fast-paced interview, you’ll learn what makes their partnership so successful, as well as how the team analyzes a market (including several can’t-miss online research websites), and how they took down a 42-unit apartment complex using some pretty fantastic creative financing. Whether you plan to build your empire alone or alongside a partner, this episode is sure to give you a variety of tips and strategies to help your business take off.

In This Episode We Cover:

• Tim’s background story and how he got into real estate
• Using 203k loans to buy deals
• Jay’s background and his live-in flip
• Why they think they make up a good team
• How they closed on an apartment complex 6-months after partnering up
• How they found the deal and details about it
• The importance of a clear and concise plan
• How they financed the deal
• Tips for finding the right partners
• How to create a “sample deal package”
• What to look for in a partner
• Why they participate in the BiggerPockets Forums
• How to network effectively
• What a good deal is for them
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Webinar
• BiggerPockets Podcast 066: Flips, Apartments, & Protecting Yourself From Professional Tenants with Michael Blank
• BiggerPockets Events
• BiggerPockets Marketplace
• Best Places
• Bureau of Labor Statistics
• City Data
• Yelp

Books Mentioned in this Show

• How to Win Friends & Influence People by Dale Carnegie
• Rich Dad Poor Dad by Robert Kiyosaki
• The ABCs of Real Estate Investing by Ken McElroy
• Sovereignty: The Battle for the Hearts and Minds of Men by Ryan Michler
• Wild at Heart Field Manual by John Eldredge
• Tax-Free Wealth by Tom Wheelwright

Fire Round Questions

• Sellers Do Not Want to Give Due Diligence. What Do I do?
• If u had no ties 2 any city,Where would u move 2 start investing?

Tweetable Topics:

• “Is there a better way to first get involved in real estate than to leverage the power of the bank?” (Tweet This!)
• “Once you figure out your why, then you will be able to set goals to support that why.” (Tweet This!)
• “It’s more important to pick something than to get stuck choosing the right thing.” (Tweet This!)
• “I want to live where I want to live and invest where it makes sense.” (Tweet This!)

Connect with Tim

• Tim’s BiggerPockets Profile
• Tim’s Facebook Profile
• Tim’s LinkedIn Profile
• Tim’s Instagram Profile
• Tim’s Website

Connect with Jay

• Jay’s BiggerPockets Profile
• Jay’s Facebook Group
• Jay’s Website

Learn more about your ad choices. Visit megaphone.fm/adchoices

Your first deal might just be your most important — because it leads to all the rest. That’s why it’s so imperative to study others who have just recently purchased their first deal! So today we’re excited to bring you a mashup episode, in which we sit down with three different investors to hear how they bought their first few investment properties. You’ll hear how Bill went from ex-con to house hacker, how Jacob used some highly creative methods to find his first deals, and how David is building an empire from across the ocean. Don’t miss a moment of this powerful episode!

In This Episode We Cover:

Bill

• Being imprisoned for 10 years
• What changed in prison for Bill
• Starting your business on the side
• How he ended up investing in real estate
• What went in his head with his first investment property
• The beauty of keeping expenses low
• Having tiny little steps

Jacob

• Jake’s investing path
• How he got into real estate
• Buying a $25,000 house with a $140 monthly mortgage
• Going for the smaller banks
• Investing at a very young age
• Joining local Facebook pages
• His criteria for finding properties

David

• David’s story and how he got to Hawaii
• BRRR, OD, and HELOC
• Paying close to 5 percent on a 10-unit apartment
• Having a great team you can trust
• How he built a meet up in Hawaii
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Webinars
• BiggerPockets Podcast 277: Building a Six-Figure Family Real Estate Business with Ashley Wilson
• BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
• BiggerPockets Events
• Dad Powered
• Brandon’s Instagram Profile
• David’s Instagram Profile

Books Mentioned in this Show

• The 21 Irrefutable Laws of Leadership by John C. Maxwell & Steven R. Covey
• Awaken the Giant Within by Anthony Robbins
• Rich Dad Poor Dad by Robert Kiyosaki
• Long-Distance Real Estate Investing by David Greene
• The Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets
• The Advanced Guide to Real Estate Investing by Ken McElroy
• How to Win Friends & Influence People by Dale Carnegie
• The Miracle Morning by Hal Elrod
• The 80/20 Principle by Richard Koch

Tweetable Topics:

• “My success story didn’t started when I got out (from prison), it started right away in the very beginning.” (Tweet This!)
• “Quit the things that are holding you back and have you put in the exact location you are.” (Tweet This!)
• “Find a market that makes sense.” (Tweet This!)
• “I want to buy something that is certainly desirable.” (Tweet This!)
• “Highest risk is vacancy.” (Tweet This!)
• “Become a person worth being around.” (Tweet This!)
• “If they’ll like you, they’ll join.” (Tweet This!)

Connect with Bill

• Bill’s Blog

Connect with Jacob

• Jacob’s Podcast
• Jacob’s Website

Connect with David

• David’s Blog
• David’s Instagram Profile
• David’s Facebook Page
• David’s Youtube Channel

Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s show, we sit with Mark Hentemann, a writer and producer for TV’s Family Guy who also invests in Los Angeles real estate! Mark shares his incredible success stories, which include his trick for finding overlooked properties, house hacking for massive profits, adding value and utilizing the 1031 exchange—plus more! Mark’s strategy for filtering data will save you tons of time and help you find the deals others are missing. Listen and learn how Mark got into real estate investing through house hacking—and how that led to an $800,000 profit on his first deal! This episode is absolutely packed with motivating advice and fantastic ideas for getting started. Bonus? It will make you think and make you laugh!

In This Episode We Cover:

• Mark’s day job as a writer for Family Guy
• The first deal that gave him buyer’s remorse
• Having a friend as a first tenant
• Selling that first deal for $1.27 million
• The $250 dishwasher story
• What’s a 1031 exchange?
• Buying with solid fundamentals
• Finding low-cost-per-square-foot buildings
• Having the perfect open house
• Finding deals in today’s difficult market
• The river mentality in regards to moving forward
• The people on his team
• Finding people in the BiggerPockets community
• His metric called “leverage cost per square foot”
• And SO much more!

Links from the Show

• BiggerPockets Forums
• America Arias Instagram Profile
• BiggerPockets Events
• BiggerPockets Webinar
• Family Guy
• 1031 Exchange Guide
• BiggerPockets Podcast 274: “Because of These 3 Simple Rules, I’ve Bought Over 600 Units and Never Lost Money” with Paul Morris
• Marcus & Millichap
• Loopnet
• Linkedin
• ZipRecruiter
• Family Guy – everyone throws up (video)
• Family Guy – Wheres my Money Stewie & Brian (video)

Books Mentioned in this Show

• So Good They Can’t Ignore You by Cal Newport
• The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges
• Sapiens: A Brief History of Humankind by Yuval Noah Harari

Fire Round Questions

• What was your worst home renovation fail!?!
• How are some unique ways you earn/save extra money?
• Are anonymity and self management possible?
• What’s your second favorite investment after real estate?

Tweetable Topics:

• “It’s really valuable to be able to sit back and wait for the deal to come to you.” (Tweet This!)
• “Everyone’s got an opinion on why things are a bad deal.” (Tweet This!)
• “Leverage is the one common denominator.” (Tweet This!)
• “When you make the money, handle it well, be careful, don’t waste it, invest it.” (Tweet This!)

Connect with Mark

• Mark’s BiggerPockets Profile
• Mark’s Company Website
• Email Mark

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Are you ready to jump into real estate investing, but don’t believe you can find deals in today’s hot market? In this episode, we sit down with multifamily expert Andrew Cushman, who’s actively doing deals in today’s market — and turning big profits. In this show, Andrew explains how he’s finding deals, what metrics he uses to qualify them, where he’s buying today, and what his secret tricks are for finding the “overlooked opportunities” most investors miss — including how he found an amazing deal in the “trash can” for bad deals!

You’ll love hearing how Andrew creates millions of dollars in equity and builds relationships with deal-finders so that they bring him the best deals first. Be sure to download this episode and share it with your friends, so you, too, can master the secrets that the pros are using to snag killer deals!

In This Episode We Cover:

• Andrew’s backstory
• How to make deals rather than find them
• The ABCD neighborhoods — what are they?
• What specific properties Andrew is looking for
• His effective screening criteria for finding properties
• An in-depth story on one deal
• Net operating income (NOI)
• Understanding how properties are valued
• Challenges Andrew faced over the years
• Finding great contractors
• Andrew’s many rental property units
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Money Podcast
• BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman
• City Data
• Rich Blocks Poor Blocks
• Trulia
• USA.com
• Loopnet
• BiggerPockets Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy
• BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn
• Gobundance

Books Mentioned in this Show

• The ABCs of Real Estate Investing by Ken McElroy
• David Greene’s Long Distance Real Estate Investing
• Emerging Real Estate Markets by David Lindahl
• How to Win Friends & Influence People by

Fire Round Questions

• Help! 1 million dollars to invest! What do i do!?
• 30 yr or 15 yr mortgage?
• Go Solo OR with a big Multifamily investor

Tweetable Topics:

• “The person who wants it the most, loses.” (Tweet This!)
• “You can completely destroy an investment with the wrong people managing it.” (Tweet This!)
• “Don’t wait to buy Real estate. Instead, buy real estate and wait.” (Tweet This!)
• “The best way to spot a great deal is to look at 99 bad ones.” (Tweet This!)

Connect with Andrew

• Andrew’s BiggerPockets Profile
• Andrew’s Linkedin Profile
• Andrew’s Company Website

Learn more about your ad choices. Visit megaphone.fm/adchoices

Real estate is sexy… most of the time. But is that really what makes it profitable? On today’s show, we sit down with Charles Roberts, an investor and agent from the Denver market. He explains that the secret to success is far more boring than we like to admit. In this episode, we explore Charles’s story and the lessons he’s learned over his 20+ year career, including how his first deal failed miserably, how he helped another investor retire through rentals in just five years, and his strong belief that the deal isn’t as important as most investors think — plus so much more! Charles is incredibly wise, and he has years of experience — so this is one episode that you’ll come back to time and time again.

In This Episode We Cover:

• How Charles got started by buying his first duplex
• A 15-year loan vs. a 30-year loan
• How he managed to go full time as a fix-and-flipper
• What went wrong — despite having 29 properties
• Should newbies get into flipping?
• Figuring out what works and what doesn’t
• What Charles looks for in a partner
• The benefits of helping someone else achieve success in real estate
• Scaling, and what he thinks about it
• Why lending is important in real estate
• Work harder not smarter
• Where is he finding deals
• And SO much more!

Links from the Show

• BiggerPockets Forums
• Share your story to the No Money Book
• BiggerPockets Store
• Dave Ramsey’s Calculator
• Billions TV Series
• BiggerPockets Podcast 274: “Because of These 3 Simple Rules, I’ve Bought Over 600 Units and Never Lost Money” with Paul Morris

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert Kiyosaki
• The Book on Investing with Low or No Money Down by Brandon Turner
• The Book on Flipping Houses by J. Scott
• Lifeonaire by Steve Cook & Shaun McCloskey
• Set for Life by Scott Trench
• The Millionaire Next Door by Thomas Stanley & William Danko
• Born to Run by Christopher McDougall

Tweetable Topics:

• “We think that everybody else is stupid but it turns out we’re the ones stupid.” (Tweet This!)
• “You don’t know anything until you do it.” (Tweet This!)
• “You want to work with people you like.” (Tweet This!)
• “The harder you work the smarter you end up.” (Tweet This!)

Connect with Charles

• Charles’ BiggerPockets Profile
• Charles’ Company Website
• Email Charles

Learn more about your ad choices. Visit megaphone.fm/adchoices

Many families can’t even enjoy a holiday meal together — but today’s guest has built a real estate empire with hers! Today we sit down with Ashley Wilson, a house flipper who got started investing in real estate while living overseas in Europe. Today, Ashley shares how she has been able to generate six-figures in profit — almost from the beginning — using a highly systematic approach to building wealth. She also drops some huge knowledge bombs with advice on finding and funding deals — and even some never-before-heard advice on knowing what features to put into your next rehab!

In This Episode We Cover:

• How Ashley and her family got involved in real estate
• House hacking their way in the beginning
• The dynamics of the family business
• Ashley’s specialty
• How they split the profit
• What it’s like working with a family
• Finding what is “light work” for you
• Long-distance investing and the core people on your team
• How she finds deals
• Close-to-close houses through “stacking”
• How she designs homes
• How they finance their deals
• Her plans for the future
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Webinar
• BiggerPockets Calculators
• Brandon’s Instagram Profile
• BiggerPockets Podcast 119: From Pro Athlete to Pro Real Estate Entrepreneur with Graham Mink
• BiggerPockets Youtube Channel

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert Kiyosaki
• Drive by Daniel Pink
• E-Myth by Michael Gerber
• Long Distance Real Estate Investing by David Greene
• Freakonomics by Steven Levitt & Stephen Dubner

Fire Round Questions

• What are the best ways you’ve found to estimate rehab costs? The rehab calculator on BP is fine but, how do you estimate the $$$ to put into each category?
• Should I buy a Home Warranty for my flip or not?
• Should I hire an inspector or just go with an experienced project manager/contractor on a walkthrough?
• Buyer coming back after months demand for repair cost

Tweetable Topics:

• “Every house already has a limited market.” (Tweet This!)
• “You really have to love what you do.” (Tweet This!)

Connect with Ashley

• Ashley’s BiggerPockets Profile
• Ashley’s Company Website
• Facebook Page
• Instagram Page

Learn more about your ad choices. Visit megaphone.fm/adchoices

Why work at a lame job until you’re too old to enjoy the life you’ve been given? If you are looking to get out of the rat race earlier, this is one episode you can’t afford to miss. Today on The BiggerPockets Podcast, we sit down with Bryce Stewart, a former school teacher who was able to quit his job at age 35 through the smart purchases of small multifamily properties. Bryce shares his powerful story on how he was able to build a portfolio of 22 units that give him $10,000 per month in income. Bryce also shares a phenomenal concept he called “vacuuming the truck,” which could change the way you think about real estate (and life) forever.

In This Episode We Cover:

• Bryce’s special introduction
• His inauspicious beginning as a real estate investor
• What he learned from his mistakes
• How a friend who lives for free in his apartment influenced him
• What he’s learned from having his first duplex
• What you should know about PITI
• How he financed the purchase of his duplex
• The upsides of being a landlord
• The risks of real estate investing
• The “vacuum truck” story
• The number of units he has and the reason he retired
• How to seek out “hidden ROIs”
• How he finds and funds deals
• What his future looks like
• And SO much more!

Links from the Show

• BiggerPockets Forums
• Trulia
• Zillow
• HotPads
• Broke to Retired in 15 Years
• Mr. Money Mustache
• Grant Cardone
• BiggerPockets Podcast 272: No Money, No Deals, No Time? Overcoming Real Estate’s “Big Three” with Brandon Turner & David Greene
• Tweet Mindy
• BiggerPockets Youtube Channel

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert Kiyosaki
• Think and Grow Rich by Napoleon Hill

Fire Round Questions

• Would you decrease monthly rent in order to keep a good tenant?
• I’m having a hard time finding a QUALIFIED tenant.
• Where do you list your properties for rent?

Tweetable Topics:

• “You can live more cheaply by buying a multifamily.” (Tweet This!)
• “Sometimes you need a partner to push you to be a little stronger.” (Tweet This!)
• “You don’t want to mitigate the risk of real estate. They are there.” (Tweet This!)

Connect with Bryce

• Bryce’s BiggerPockets Profile
• Bryce’s Youtube Channel
• Bryce’s Company Website
• Bryce’s Email Address

Learn more about your ad choices. Visit megaphone.fm/adchoices

“The wrong lease could cost you $15,000 or more.” That’s one lesson of many you’ll get today on this powerful episode of the BiggerPockets Podcast. In this show, we sit down with real estate investor and attorney Rob Oliver to learn how he went from helping other investors buy real estate to owning over 300 condo units while working full-time. In addition to his incredible story, you’ll also get keen insight into the world of real estate investing from the eyes of an attorney—without the $250 billable hour! You’ll learn the importance of a strong lease (and what happens if you don’t have one), as well as instructions on how to find a great attorney and get the most from the attorney for the least cost.

In This Episode We Cover:

• How Rob got started in real estate
• The journey from lawyer to investor
• How to find properties other investors aren’t looking for
• Why he invests in condos
• Tips for investing while working full-time
• Advice for those starting out in real estate investing
• The different hats he wears and what he does in his business
• How to grow a 100-unit portfolio
• What to do with nonpaying tenants
• How to find a great lawyer
• Why it’s OK to cancel a deal
• What his future looks like
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Landlord Forms
• Zillow
• Redfin

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert Kiyosaki
• The Cashflow Quadrant by Robert Kiyosaki
• Jesse Livermore: World’s Greatest Stock Trader by Richard Smitten

Fire Round Questions

• Hey guys what are some of the clauses that you find extremely useful to have in your leases?
• Without starting from scratch, I’d love to see if anyone has an existing clause to a lease listing certain conditions that shall be adhered to by the tenant.

Tweetable Topics:

• “You don’t need to know everything before you get into a deal. There is actually time to research it.” (Tweet This!)
• “Each deal that you cancel, you learn something from it.” (Tweet This!)

Connect with Rob

• Rob’s Law Firm
• Rob’s Email Address

Learn more about your ad choices. Visit megaphone.fm/adchoices

What rules govern your real estate investing strategy? For most, it’s a tough question to answer. But not for today’s guest, Paul Morris. Paul, co-author of the bestselling Wealth Can’t Wait, has been investing in real estate for more than twenty years and has never lost money, all because he abides by three simple rules. Today, Paul also discusses the power of mindset in building wealth, the key to investing in emerging markets, and much more. This episode will surely inspire, motivate, and educate you to continue your journey toward financial freedom.

In This Episode We Cover:

• How Paul got into real estate investing
• Using syndication to do your deals
• The types of properties he is buying
• Stick with what you know
• The three rules
• Buying where you know
• How to buy in an expensive area
• The 24-hour city
• What’s the barrier of entry on real estate?
• What is an emerging neighborhood?
• An interesting story about a keynote speech
• What is hard work?
• 10x your goals
• How we affect others and vice versa
• Living life to the fullest
• Hire people who will love you
• And SO much more!

Links from the Show

• BiggerPockets Forums
• House Hacking 101: How to “Hack” Your Housing and Get Paid to Live for Free
• BiggerPockets Money Show
• Tiger21 Mastermind Group
• BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors
• BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn

Books Mentioned in this Show

• You Can’t Teach a Kid to Ride a Bike at a Seminar by David H. Sandler
• Wealth Can’t Wait by David Osborn & Paul Morris
• Set for Life by Scott Trench
• The War of Art by Steven Pressfield
• The Influential Mind by Tali Sharot

Fire Round Questions

• I just bought my 1st deal… now How soon can I buy my 2nd property? Is there a waiting period?
• Where can I find a private lender to fund my real estate deals?

Tweetable Topics:

• “You can’t do everything on your own.” (Tweet This!)
• “You buy where you know.” (Tweet This!)
• “The thing that stops people form taking action is the fear of loss.” (Tweet This!)
• “Your net worth will never exceed your self worth.” (Tweet This!)
• “What got us here will not get us there.” (Tweet This!)
• “There’s a lot more hard money out there than there are good deals.” (Tweet This!)

Connect with Paul

• Paul’s BiggerPockets Profile
• Paul’s Website
• Paul’s Instagram Profile
• Paul’s Twitter Profile
• Paul’s Facebook Page
• Email Paul