BiggerPockets Real Estate Podcast

Mobile Home Parks can be one of the most profitable business models around, but learning to scale without losing all your time can be tough. That’s the story on today’s episode of the BiggerPockets Podcast, where we sit down with Jefferson Lilly to talk about how he’s acquired 2,600+ “pads” in the past few years and the lessons he’s learned in scaling. We also discuss the ins and outs of raising private money through a “fund,” which will both fascinate and educate you, so don’t miss a moment of it. Whether you want to buy mobile home parks or not, this is one show where the lessons will stick with you for life!

In This Episode We Cover:

• Brandon’s mobile home park
• Reasons why you should consider buying a mobile home park
• The legality surrounding mobile home parks
• How Jefferson came to own about 2,300 pads
• What you should know about rent-to-own homes
• How Jefferson markets their properties
• Methods of payment for these rentals
• A discussion on RVs vs. mobile homes
• Jefferson’s thoughts on tiny houses
• Getting to a “Mobile Home Park 2.0”
• The 3 key hires for mobile home parks
• What managing these mobile parks look like
• Floods and other concerns when choosing a mobile home park
• How to fund these days
• How to find parks today
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Money Podcast
• BiggerPockets Blog
• Member Blogs
• BiggerPockets Podcast 111: A Unique (and Profitable) Real Estate Niche You’ve Probably Never Considered with Jefferson Lilly
• BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock
• Rent Manager
• Pay Near Me
• Loopnet
• BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss
• Best Places
• Equity Lifestyle Properties
• National Manufactured Home Owners Association

Books Mentioned in this Show

• The Book on Investing with Low and No Money Down by Brandon Turner
• Never Split the Difference by Chris Voss
• Am I Being Too Subtle? by Sam Zell
• The Snowball by Alice Schroeder

Tweetable Topics:

• “Don’t kick anybody out of your deal. Just scale everybody back.” (Tweet This!)

Connect with Jefferson

• Jefferson’s BiggerPockets Profile
• Park Street Partners Homepage
• Mobile Home Park Investors

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Here on the BiggerPockets Podcast, we spend a lot of time talking about buying properties—but what about needing to sell them? How does someone get top dollar and get their home sold quickly? Well, today on the podcast, we’re excited to dive deep into this topic with Mindy Jensen, the Community Manager at BiggerPockets and author of the newest book from BiggerPockets, How to Sell Your Home. You might know some of these tips—but others might just blow your mind (and make you thousands next time you sell a property), so grab a pencil and paper and get ready to take some notes!

In This Episode We Cover:

Mindy’s story

How to pay zero dollars in capital gain taxes

The tax exemptions involved with getting married

What exactly a live-in flip is

16 ways to sell your property:

• Have a pre-listing home inspection
• Clean up your home
• Doesn’t pass the sniff test
• Great Pictures of your house
• Be available
• Be informative
• Know your competition
• Use an agent
• Ask your agent
• Price it right
• List in Peak market time
• Double check your listing information
• Stage those weird areas that don’t have an obvious use
• Leave during your showing
• Be prepared to walk away from an offer
• Tell everyone you know that your house is for sale

Why Mindy wrote the book

Bonuses!

And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Money Podcast
• Email Support
• How to Buy Your First (or Next) Property by the End of the Year [The 90-Day Challenge!] (podcast)
• What I learned buying a house (blog)

Books Mentioned in this Show

• How to Sell Your Home by Mindy Jensen
• Rich Dad Poor Dad by Robert Kiyosaki
• Long Distance Investing by David Greene
• Set for Life by Scott Trench
• The Book on Rental Property Investing by Brandon Turner
• The Millionaire Real Estate Investor by Gary Keller
• The Richest Man in Babylon by George S. Clason

Fire Round Questions

• After taking initiative, landing the deal, and successfully completing renovations, how can you be sure your property is going to sell?
• Selling home with no agents
• How do people work on the timing of selling and buying a home?
• Selling challenge

Tweetable Topics:

• “Try not to sell a house with a tenant in it.” (Tweet This!)
• “Home inspection is totally worth the dollars.” (Tweet This!)

Connect with Mindy

• Mindy’s BiggerPockets Profile

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Bank robbers. Terrorists. Motivated sellers. No matter who you’re dealing with, negotiation is vital. As a real estate investor, the question is not if you’ll negotiate but how well will you negotiate—and after this episode, you’ll never negotiate the same again. Today, we’re excited to sit down with Chris Voss,former head of the FBI’s Hostage Negotiation Team and author of Never Split the Difference, to learn the stories, strategies, and tactics gleaned from decades of negotiating with the world’s most dangerous criminals. Then, we delve into how these lessons can help you in your own business and life. This show is a ton of fun and full of actionable tips that will instantly make you a better negotiator—whether sparring with your child, a buyer or seller, or a terrorist holding your family for ransom!

In This Episode We Cover:

• A look at Chris’s background
• The story of the bank robbery in Brooklyn
• What the strategy of mirroring is
• What it means when a person doesn’t give his name
• How to use listening as an advanced skill
• Tips for applying negotiation to business settings
• The role negotiating plays in real estate
• The thing more important than the deal in negotiation
• The secret to gaining the upper hand in a negotiation
• Tips for negotiating in a real estate deal
• The power of deference
• What you should know about anchoring
• How to take advantage of rounds of bargaining
• Why you should consider odd number pricing
• Why no is more powerful than yes
• The learning curve for this skill
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Podcast 259: Old-School Investing Wisdom from 60+ Years with Mike Anderson
• Eric Barker’s Blog
• BiggerPockets Podcast 256: The Surprising (Scientific) Truth Behind What Makes You Successful with Eric Barker

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert Kiyosaki
• Never Eat Alone by Keith Ferrazzi
• Never Split the Difference by Chris Voss
• The 7 Habits of Highly Effective People by Stephen Covey
• Getting to Yes by Roger Fisher
• The Rise of Superman by Steven Kotler
• U2 by U2 by U2 & Neil McCormick

Tweetable Topics:

• “If you want big stakes results, you need to practice in low stakes negotiation.” (Tweet This!)
• “The last impression is a lasting impression.” (Tweet This!)
• “There’s always something in a negotiation for everybody that is more important than actually making a deal.” (Tweet This!)
• “You get what you want by hearing the other side out.” (Tweet This!)
• “The secret to gaining the upper hand in a negotiation is giving the other side the illusion of control.” (Tweet This!)

Connect with Chris

• Chris’s Newsletter

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One of the most impactful moments for most real estate investors is meeting a “mentor,” someone older and wiser who can share with them the lessons they’ve learned. That’s exactly what today’s episode of The BiggerPockets Podcast is! Mike Anderson has invested in real estate for over 60 years, doing everything from buying 200 houses per month to owning a mortgage business to storage units and more. On today’s show, he dives into his story and the lessons he’s learned over the past half-century and offers insight and wisdom that newer investors need to hear. This conversation is fun, fast-paced, and filled with knowledge, so hang on for a wild ride!

In This Episode We Cover:

• The story of buying a house for $3,250 (55 years ago)
• How to buy and sell 200 houses a month
• What he’s learned about people buying houses
• Why you should buy rentals in school districts
• A discussion on cash flow vs. appreciation
• The concept of “dialing for dollars“
• Why it’s all a number’s game
• Things to note when buying from wholesalers
• The usual problems with investors
• Where to get the money for deals
• Why perseverance is key
• How to hire the right people
• How to continue buying 10 or more houses (and get bank financing)
• Why he’s concerned about the future
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Money Podcast
• BiggerPockets Podcast 221: Buy and Hold Real Estate—What Works and What Doesn’t with Tim Shiner
• BiggerPockets Podcast 242: How to Live an Incredible Life Now & Achieve Early Retirement with Josh Randall
• BiggerPockets Podcast 258: Six-Figure House Flipping with Gabe DaSilva
• CraigsList

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert Kiyosaki

Tweetable Topics:

• “The essential thing to make money is hard work.” (Tweet This!)
• “Don’t worry about commissions; worry about your customers.” (Tweet This!)
• “How are you going to buy real estate if you don’t know what your goal is?” (Tweet This!)
• “It doesn’t cause cancer to call people on the phone.” (Tweet This!)

Connect with Mike

• Mike’s Company Website
• Mike’s Facebook Profile
• Mike’s Twitter Profile

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Massive goals encourage massive action—and a massive plan to get there. That’s the truth behind today’s episode of The BiggerPockets Podcast, where we sit down with Gabe DaSilva, a New Jersey real estate investor who specializes in a unique niche of house flipping: “add-a-level” or “pop tops.” You’ll hear how Gabe shoots for a six-figure payday on each flip and how you can incorporate this strategy in your own business. Be ready to take some notes—this is an action-packed show!

In This Episode We Cover:

• How Gabe got into the real estate business
• Tips for using your 401k as capital
• How he landed his first deal
• A discussion on doing things yourself
• How to finance your deals using hard money
• Gabe’s unique definition of hard money lenders
• The deals he’s made to this point
• Which properties are good candidates for rehabbing
• How to tell if it’s the right market to invest in
• What to check for in a good house foundation
• The “bathtubs story“
• How to find deals through direct mail
• What his day looks like
• And SO much more!

Links from the Show

• BiggerPockets Forums
• Rehab Estimator Calculator
• BiggerPockets Calculators
• BiggerPockets HardMoney Lenders
• International Builder’s Show
• Upgrade to Pro!

Books Mentioned in this Show

• A Curious Mind by Brian Grazer
• The Book on Estimating Rehab Costs by J. Scott
• Set for Life by Scott Trench
• Rich Dad Poor Dad by Robert Kiyosaki
• The E-Myth by Michael E. Gerber
• Think and Grow Rich by Napoleon Hill

Fire Round Questions

• Would you contribute to a 401(k) or not?
• What did you do wrong on your first flip?
• Flipping Houses Under One LLC
• Rehabbing a remediated meth house

Tweetable Topics:

• “Sacrifice the life you have now so that you can live the life most can’t live later.” (Tweet This!)

Connect with Gabe

• Gabe’s BiggerPockets Profile
• Gabe’s Facebook Profile
• Gabe’s Youtube Channel
• Gabe’s Instagram Profile

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Investing outside of your local market can strike fear into the hearts of even the most savvy real estate investor. But long-distance investing doesn’t need to be extra risky! In fact, today’s guest argues that it might just be the most profitable investing you’ll ever do. Today’s guest, David Greene, a San Francisco real estate investor and agent, shares his incredible process for finding, rehabbing, and managing properties from thousands of miles away. His approach to building a “Core Four” is nothing short of genius and will transform how you run your real estate business, whether you are buying next door or 49 states away. This is one show that could change your real estate strategy forever!

In This Episode We Cover:

• What David’s been up to since the last time he was in the show
• How to find the right people to help you find the right properties
• How to seek out top-notch lenders
• Tips for offering value to people hundreds of miles away
• A discussion on whether newbies can invest long distance
• The “Core 4” team members you’ll need when investing in real estate out-of-state
• David’s thoughts on turnkey companies
• How to overcome the fear of trusting someone you work with
• All about David Greene’s new book!
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene
• BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors
• Long-Distance Real Estate Investing by David Greene
• Home on Discovery Bay, CA (House Hunter Episode with David Greene)
• Rentometer
• BiggerPockets Analysis
• BiggerPockets Podcast 248: From Shop Teacher to Multifamily Syndicator with Todd Dexheimer
• BiggerPockets Podcast 227: From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless
• BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock

Books Mentioned in this Show

• A Curious Mind by Brian Grazer
• The ONE thing by Gary Keller and Jay Papasan
• The 4-Hour Workweek Tim Ferriss
• The Millionaire Real Estate Agent by Gary Keller
• The Richest Man in Babylon by George S Clason
• Principles by Ray Dalio

Fire Round Questions

• Out of town financing
• From NYC to out of state investing Help
• How does investing out of state impact your tax status?
• Out of state smaller properties?
• How important is it to have an in-state CPA?

Tweetable Topics:

• “I’m putting a dream team together that runs on autopilot.” (Tweet This!)
• “The market itself is not quite as important as the success you’ll likely have in that market.” (Tweet This!)
• “It’s only risky if you’re lazy.” (Tweet This!)
• “You’re not going to make money right away when you start first doing anything new. It’s only going to be what you learn that will make money later.” (Tweet This!)

Connect with David

• David’s BiggerPockets Profile
• David’s Facebook Profile
• David’s Company Website
• David’s Personal Website

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Why do some people achieve incredible success while most others struggle? Why do some reach their goals while others give up within days of setting them? Why do some people make WAY more money at work while others are stuck in the mailroom for 40 years? Those topics, among many others, are the focus of today’s episode of The BiggerPockets Podcast, where we sit down with Eric Barker, author of the WSJ bestseller Barking Up the Wrong Tree: The Surprising Science Behind Why Everything You Know About Success Is (Mostly) WrongW. Eric spends his life exploring the science and psychology behind what actually makes an individual successful, and today we explore those often-surprising truths as they relate to real estate, business, and all areas of life!

In This Episode We Cover:

• Eric’s background
• What you should know about his book
• How to align yourself with what you’re good at
• The issue of grit
• The “3 Ps” (personal, permanent, and pervasive)
• The secret to forming habits
• How to create external accountability
• A discussion on systems vs. goals
• What you should know about introverts vs. extroverts
• How financial success can serve as a great defense
• Tips for not taking the day for granted
• How to become a super connector
• What makes somebody successful at work
• What “work-life balance” truly means
• The 4 metrics of success
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets’ Low Budget (Youtube Series)
• BiggerPockets Youtube Channel
• Stickk
• Fincon
• Noah Kagan
• Marginal Revolution
• Ryan Holiday
• Tim Urban’s Wait but Why?
• Josh Kaufman
• The Vietnam War
• Icarus Netflix Original
• The Armstrong Lie
• Command and Control
• The Bomb
• Gym Pact App

Books Mentioned in this Show

• Barking Up the Wrong Tree by Eric Barker
• The Miracle Morning by Hal Elrod
• The One Thing by Gary Keller and Jay Papasan
• Deep Work by Carl Newport
• The Personal MBA by Josh Kaufman
• Drive by Dan Pink
• The Hard Thing About Hard Things by Ben Horowitz
• Give and Take by Adam Grant

Tweetable Topics:

• “The single most motivating thing is the feeling of progress.” (Tweet This!)
• “The importance of the habit is consistency.” (Tweet This!)
• “In the end, it’s generally better to set up systems as opposed to goals.” (Tweet This!)
• “There is no fear with boredom.” (Tweet This!)

Connect with Eric

• Eric’s Blog

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How many hours per week does it take to be a successful real estate investor? The answer on today’s episode might surprise you. Today we’re sitting down with Elliot Smith, a real estate investor from Washington State who has an incredible story to tell about how he went from 70+ hour per week worker to “full-time” real estate investor who only works part-time. Elliot has an incredible outlook on life and business that’s contagious, so warning—you won’t leave this interview the same person. You’ll also learn how Elliot and his wife made over $100,000 their first year in real estate and the amazing tale of how they made over $100,000 in a single month. This show is as inspirational as it is educational (and filled with more than a few laughs!) so get ready to have your world rocked.

In This Episode We Cover:

• How Elliot got started real estate investing
• Whether you should do house inspections
• Their next deals and a great wholesale deal
• How to wholesale with a full-time job
• The importance of being honest with your sellers
• What exactly wholesaling entails
• How he made $100k in just one month!
• How to invest part-time and earn full-time
• Tips for building relationships with private lenders
• Advice on flipping with no money down
• Tips on finding a mentor
• How to do 30 deals a year
• How Elliot finds deals
• His way of making the world better
• And SO much more!

Links from the Show

• BiggerPockets Forums
• Brandon’s Instagram Profile
• Mindy’s Twitter Profile
• BiggerPockets Blog
• 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber
• I’m Not Your Guru Netflix
• BiggerPockets Bookstore
• Wholesaling Resources
• Podio
• Dropbox
• Open Letter Marketing
• Gary Vee

Books Mentioned in this Show

• The Book on Rental Property Investing by Brandon Turner
• Finding and Funding Great Deals by Tarl Yarber
• Investing with Low or No Money Down by Brandon Turner
• The Millionaire Real Estate Investor by Gary Keller
• Pitch Anything by Oren Klaff

Fire Round Questions

• How do you secure your rehabs?
• How do you determine what to do for repairs/improvements?
• I live in a booming ski town and am looking to flip condos, advice?
• With all the contracts, documents, invoices, and other paperwork, what is your filing system to stay organized from start to finish?

Tweetable Topics:

• “If you’re asking if you need an inspector, then you need one.” (Tweet This!)
• “It all has to do with the intent. Is your intent to screw this person or is your intent to do the right thing?” (Tweet This!)
• “You’ll find really good people in this business who just love people and love helping.” (Tweet This!)
• “Money is not the most important thing. Friendship and relationships are the most important thing in this business.” (Tweet This!)

Connect with Elliot

• Elliot’s BiggerPockets Profile
• Elliot’s Facebook Profile

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Today’s guest needs no introduction, but this would look funny without one, so here we go! Today on The BiggerPockets Podcast, we sit down with Tim Ferriss, author of #1 New York Times Bestseller The Four Hour Work Week and his newest title, Tribe of Mentors and dive DEEP into the patterns that make high achievers accomplish so much. This show is unlike any other episode of our podcast, and we can’t guarantee you’ll be the same person when you finish. You’ll also discover Tim’s unique approach to real estate investing, as well as the books, apps, and routines that has made Tim one of the most influential thought leaders in our world today.

In This Episode We Cover:

• How the gang connected with Tim
• Whether his mom would be impressed by his accomplishments
• Why he walks to the beat of his own drum
• His recent “silent” retreat
• The value of meditation
• What you should know about self-awareness training
• The ins and outs of the book Tribe of Mentors
• Patterns that are common amongst high achievers
• The importance of turning off distractions
• Principles to live your life by
• How to be truly effective
• Tips for using money to buy time
• The 3 advantages that you can have in any type of investing
• How Tim Ferriss invests
• What a good investment entails
• Indicators of a solid property
• How Tim would analyze real estate
• The fundamental differences in real estate as an asset class
• The “worthlessness” of hard work
• How to balance ambition and being contented
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Bookstore
• Duolingo
• Alibaba
• BP Podcast 213: Investing in Real Estate Without Being a Landlord with Noah Kagan
• BP Podcast 245: Creating Wealth that Lasts Generations with Bestselling Author Ryan Holiday
• The Summit Conference
• Headspace
• Tim Ferriss Show: Jocko Willink’s Episode
• Tim Ferriss Show: Jamie Foxx Episode
• Nuzzel
• Moment App
• Rescue Time App
• Freedom Time App
• Fiverr
• Tim Ferriss: BJ Miller’s Episode
• 99Designs
• Duodie on Instagram

Books Mentioned in this Show

• Set for Life by Scott Trench
• The Book on Rental Property Investing by Brandon Turner
• The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han
• The Book on Flipping Houses by J. Scott
• Finding and Funding Great Deals by Anson Young
• The 4-Hour Work Week by Timothy Ferriss
• The 4 Hour Body by Timothy Ferriss
• The 4-Hour Chef by Timothy Ferriss
• Tools of Titans by Timothy Ferriss
• Tribe of Mentors by Timothy Ferriss
• Young Millionaires by Rieva Lesonsky
• Man’s Search for Meaning by Viktor Frankl
• Poor Charlie’s Almanack by Charles T. Munger
• The Better Angels of our Nature by Steven Pinker
• Principles by Ray Dalio
• Warren Buffett Speaks by Janet Lowe
• Richest Man in Babylon by
• The Radical Acceptance by Tara Brock
• Berkshire Hathaway Letters to Shareholders
• More Money Than God by Sebastian Mallaby
• Liar’s Poker by Michael Lewis
• Lifeonaire by Steve Cook
• Rich Dad Poor Dad by Robert Kiyosaki

Tweetable Topics:

• “I don’t like having my sanity depend on luck.” (Tweet This!)
• “When you’re not thinking of the past, you’re not thinking of the future.” (Tweet This!)
• “It’s not that you don’t have time, it’s you don’t have priorities.” (Tweet This!)
• “It’s not how you do things, it’s what you do.” (Tweet This!)
• “Effectiveness over efficiency on all things.” (Tweet This!)
• “Thinking is actually asking questions and answering them in your own head.” (Tweet This!)
• “There’s no problem with hard work, as long as it applies to the right things.” (Tweet This!)
• “In the end, success is sleeping well.” (Tweet This!)
• “Worrying is praying for what you don’t want.” (Tweet This!)
• “It’s very hard to fail completely.” (Tweet This!)

Connect with Tim

• Tim’s Website and Podcast Page
• Tribe of Mentors

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Most of the guests here on the BiggerPockets Podcast have focused on residential properties—but there is a whole different world to explore in the commercial real estate space. That’s why we’re thrilled to bring you this powerful interview with an investor who’s truly crushing the commercial real estate industry! Our guest today is David Puchi, an investor who owns more than 50 neighborhood shopping centers (“strip malls”) throughout the United States. David tells how he built this massive portfolio and why he believes it is one of the best real estate niches to be a part of. This show will open your eyes to an exciting world you never knew existed.

In This Episode We Cover:

• How David started real estate investing
• Why he brought a bank guarantor partner into his deal
• How he turned a shopping mall around
• What the “Amazon proofing strategy” is
• What he looks for in commercial properties
• The challenges of this strategy
• Who to hire to start investing in shopping centers
• What synergy is in reference to tenants
• How one tenant can affect the whole center
• A passive way to invest in triple net properties
• Tips on how to finance these deals
• Where he finds his deals
• How to analyze a neighborhood for shopping malls
• Tips for performing due diligence for this kind of deal
• The metrics you should study to figure out the health of a tenant
• Where he sees his business in the future
• And SO much more!

Links from the Show

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

Books Mentioned in this Show

• The Book on Rental Property Investing by Brandon Turner

Fire Round Questions

• I am planning to build a 10~12K sqft strip with 6 units, which type of business will be well fit?
• What is protocol for charging and collecting overdue rent?
• How to lease retail store to franchise
• How to determine value of a commercial property w/ no list price?
• Adding appreciation to a commercial property
• Are current tenants a big factor in the sellability?

Tweetable Topics:

• “Having reasonable leverage makes more sense than over leverage.” (Tweet This!)
• “Basic property management experience is a great launching pad in owning commercial properties.” (Tweet This!)
• “You can’t rely on the market to force appreciation.” (Tweet This!)

Connect with David

• David’s Company Website

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

People spend years thinking about buying real estate—but many never take the first step. Not today’s guest, though! Today, we sit down with Craig Curelop, a new investor in the expensive Denver market, as he shares his story of buying his very first “house hack” and how’s he’s actually getting PAID to live for free. You’ll also learn some other creative way Craig is generating extra income each month (including renting out his car!) on his quest for financial freedom. It’s a super inspiring story with a plethora of tips, so don’t miss a moment of it!

In This Episode We Cover:

• Craig’s story and how he found out about BiggerPockets
• What he does at BiggerPockets
• How he house hacked his first home in Denver
• Tips for finding a good agent
• How to find a good lender
• What exactly PITI is
• How he’s generating rent from his place
• His method of fast tracking his way to financial freedom
• How his Airbnb system works, including how he handles cleaning
• Tips for turning liabilities to assets
• How he rents out his car
• A discussion on having a frugal lifestyle
• His future plans for real estate investing
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Webinar
• BiggerPockets Marketplace
• 12 Easy Tips to Reduce Your Vacancy Rates and Find Great Tenants (blog)
• Airbnb
• Craigslist
• Turo

Books Mentioned in this Show

• The Book on Rental Property Investing by Brandon Turner
• Set for Life by Scott Trench
• The 10x Rule by Grant Cardone
• The One Thing by Gary Keller
• Rich Dad Poor Dad by Robert Kiyosaki
• Never Split the Difference by Chris Voss
• The Four Agreements by Don Miguel Ruiz &? Janet Mills

Fire Round Questions

• Do I need to disclose to my “roommates” that I am the landlord and owner?
• Is it a good deal to get a duplex (for the purpose of house hacking) if you paying small amount from your pocket every month to cover all the costs?
• Has anyone put a kegerator in their Airbnb?
• What would you recommend: pool, hot tub or none?

Tweetable Topics:

• “The first step to buying a property is to find a lender and to find an agent.” (Tweet This!)
• “To find the lender that’s right for you, you have to have the criteria you’re looking for.” (Tweet This!)
• “Everyone has a unique advantage in their life.” (Tweet This!)

Connect with Craig

• Craig’s BiggerPockets Profile
• Craig’s Facebook Profile
• Craig’s LinkedIn Profile
• Craig’s Twitter Profile

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How do you build up an arsenal of relevant landlording knowledge? Through hands-on experience. Eric Drenckhahn is a “DIY landlord” who has managed his mid-sized portfolio for years and who has come across countless maintenance and landlording issues. Join us in picking his experienced mind across a myriad of real estate issues and learn how to become a successful DIY landlord.

In This Episode We Cover:

• How Eric got started investing in real estate
• Thoughts on buying properties for what they’re worth
• The reason he waited for 8 years before investing again
• Why the real estate crash didn’t hurt him
• Tips for determining your CapEx
• How to become a DIY maintenance landlord
• A discussion on DIY vs. hiring it out
• What you should know about managing properties
• Instances where doing it yourself goes a long way
• What’s next for with Eric
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Calculators
• LoopNet

Books Mentioned in this Show

• Set for Life by Scott Trench
• Emerging Real Estate Markets by David Lindahl

Fire Round Questions

• Who is responsible: tenant or landlord?
• How much do you collect as a holding deposit/fee, and what do you call it?
• What do your unit turnovers actually cost?
• Refinish hardwood or install LVP?
• Best flooring for a rental?

Tweetable Topics:

• “To make money, you need to have positive cash flow.” (Tweet This!)
• “Landlord can weed out the simple things.” (Tweet This!)
• “Managing property is no problem.” (Tweet This!)

Connect with Eric

• Eric’s BiggerPockets Profile
• Eric’s Personal Website

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

It’s the episode you’ve been waiting for: Grant Cardone is BACK on the BiggerPockets Podcast!

Last time Grant was on the show he owned $350 million in real estate. Now, with over $600 million, he’s just warming up! From the moment this show begins, it’s a high-powered, fast-moving, high-level (and hilarious) explosion of information and entertainment aimed to motivate, educate, and inspire you to greatness.

You’ll hear why Grant thinks buying a house is one of the stupidest decisions one can make, his plan for avoiding the next real estate decline, and why he says NOW is the best time to invest in real estate—plus a lot more.  

In This Episode We Cover:

• What’s new with Grant
• A discussion on the next real estate crash?
• How to make money in today’s market
• Why a low cap rate matters
• How many offers he makes
• How to get going on big deals
• Why you need to go big
• The mistakes amateurs are making
• Various ways to learn more about properties without an agent
• Why you should partner with someone with money
• Areas to invest
• Why you shouldn’t buy a house
• The power of mobility
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Bookstore
• BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
• BiggerPockets Events
• LoopNet
• HFF
• ARA
• CBRE
• Cushman & Wakefield
• BiggerPockets Podcast 246: Surviving the Coming Crash, Earning 20% Returns, and Buying Mobile Home Parks with Kevin Bupp

Books Mentioned in this Show

• The 4-Hour Workweek by Timothy Ferriss
• The Richest Man in Babylon by George S. Clason

Tweetable Topics

• “In good times, everybody’s a showoff.” (Tweet This!)
• “The professional investor has to be willing to move to other markets.” (Tweet This!)
• “Not being known at all is going to hurt you.” (Tweet This!)
• “You don’t need a home.” (Tweet This!)
• “Houses were for the banks and weren’t for the people.” (Tweet This!)

Connect with Grant

• Cardone Capital

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Why do you want to invest in real estate? Is it just about having a lot of units—or is it about creating a life you can be proud of? On today’s episode of The BiggerPockets Podcast, we sit down with Josh Daniels, a real estate investor in Montana who, along with his wife Summer, has chosen to buy fewer but better deals on a quest for financial freedom.

You’ll hear about Josh’s highly creative actions that turned their first deal into a cash-cow, as well as the shift to (and reason for) investing in single family houses. You’ll love Josh’s attitude toward financial freedom, as well as his message that you don’t need hundreds of units to be free.

In This Episode We Cover:

• How Josh got started investing right out of college
• The story behind his killer first rental
• Rental rates for this property
• How they earned $80k on their next deal
• What exactly a live-in flip is
• How they manage their properties
• A discussion on tenant drama in multi- vs. single-family properties
• Josh’s “why” in his investing
• How to handle emotional attachment to deals
• Tips on financing deals through the BRRRR method
• His thoughts on Dave Ramsey’s advice for paying off loans
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Bookstore
• 500k Net worth in 5 years (I’m 30 today!!!) (Forum Post)
• Dave Ramsey
• From Shop Teacher to Multifamily Syndicator with Todd Dexheimer

Books Mentioned in this Show

• The Millionaire Mind by Thomas J. Stanley
• The Millionaire Next Door by Thomas J. Stanley
• Brandon’s Book on Rental Property Investing
• The Total Money Makeover by Dave Ramsey

Fire Round Questions

• New member – Looking for advice on getting started
• How many chances do you give a tenant who pays late?
• This house has no takers

Tweetable Topics

• “Ignore everything on the MLS. Drive every street and check out dilapidated properties.” (Tweet This!)
• “Life is not a competition.” (Tweet This!)

Connect with Josh

• Josh’s BiggerPockets Profile

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Looking to scale up your real estate investing business? If so, don’t miss this incredibly powerful episode of The BiggerPockets Podcast.

On today’s show, you’ll meet Todd Dexheimer, who started investing in real estate while working a full-time job as a shop teacher at a Minnesota High School. Todd walks us through his journey of quitting his job and scaling his business to hundreds of flips and rental properties in just a few short years.

You’ll hear how Todd analyzes markets before deals, how he puts together the financing on large multifamily purchases, and how he builds a solid team—no matter how far he’s located from the property.

In This Episode We Cover:

• How Todd got started in real estate
• How he found and financed his first deal
• What exactly a 203k loan is
• How he bought a rental and a flip
• How to three projects at the same time while working a full-time job
• What his investing life looks like today
• How he scaled his investing to hundreds of purchases
• How he was able to gradually quit his job
• Tips for digging deeper with midsize multifamily properties
• What he looks for in a property
• Advice for getting the overall picture of the market (a unique way to study markets)
• How Todd manages to invest out-of-state
• How to get the right people on your team
• Why he chose Cincinnati
• The story behind his 84-unit contract
• How he manages his projects
• His ski resort story
• Todd’s vision of owning $200 million in real estate
• And SO much more!

Links from the Show

• BiggerPockets Forums
• CBRE
• Marcus & Millichap
• ARA Rental
• Colliers
• Redi Cincinnati
• LoopNet
• Trulia
• Raising Money to Buy 1,000 Apartment Units with Brian Adams

Books Mentioned in this Show

• Set for Life by Scott Trench
• Finding & Funding Great Deals by Anson Young (discounted!)
• Emerging Real Estate Markets by David Lindahl
• Rich Dad Poor Dad by Robert Kiyosaki
• The ABCs of Real Estate Investing by Ken McElroy
• How to Win Friends & Influence People by Dale Carnegie

Fire Round Questions

• Is a roof deck on a multifamily worth building?
• What services could a person provide that would not be considered acting as a property manager?
• Short Term or Long Term Lease?
• Flipping a house with extensive mold (advice or order of repairs)
• Adding sqft to a home
• Owner wants to sell 9 mos from now…best way to tie up property?

Tweetable Topics

• “It’s not just about good cash flow; it’s about your ability to get out of that investment in the future.” (Tweet This!)
• “It’s all a referral business. People talk about people they like and trust.” (Tweet This!)
• “If you’re going to try to raise money, you’ve got to have people who know what you do.” (Tweet This!)
• “Getting good tenants is the best strategy.” (Tweet This!)

Connect with Todd

• Todd’s BiggerPockets Profile
• Todd’s Company Website
• Todd’s Linkedin Profile
• Todd’s Podcast

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

Today’s podcast is unlike anything you’ve heard before. Today, we’re not interviewing anyone. Instead, we’re going to motivate, educate, and inspire you to take some MASSIVE ACTION and sprint to the end of the year!

Why 90 days?

Because the end of 2017 is just three months away, and we know that many of you had some big goals you wanted to accomplish by the end of the year—but you are falling behind. Or maybe you’ve crushed your goals and you are ready to up the ante to hit an even higher goal.

On this podcast, you are going to discover :

• Why the next three months are the best time of the year to buy real estate
• How to build a step-by-step plan (including daily action steps) to accomplish your goal
• How to build a lead funnel that will generate consistent leads for your business
• And much more.

This episode is an invitation to join thousands of others in the BiggerPockets community to take the “90 Day Challenge,” a three-month sprint to hit your 2017 goals. This episode is unlike anything we’ve done before—and we think you’re going to love it. Amateur-hour is over. It’s time to take massive action.

In This Episode We Cover:

• 4 powerful reasons why Q4 is the best time to buy real estate… but only
• if you do this one thing
• Create a goal for the end of 2017 … and we’ll build a week-by-week, dayby-day
• plan to get there
• Learn how to build a real estate funnel that delivers leads on autopilot
• Discover how BiggerPockets can propel you to greater success, faster
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Calculators
• 7 Years to 7 Figure Wealth
• 90 Day Challenge Worksheet
• 90 Day Challenge Slides

Books Mentioned in this Show

• The book on investing with low or no money down by Brandon Turner
• The book on Rental Property Investing by Brandon Turner

Tweetable Topics:

• “Life doesn’t get better by chance. It gets better by change.” (Tweet This!)
• “A goal without a plan is just a wish.” (Tweet This!)
• “Every property has a ‘home run number.'” (Tweet This!)

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

When most investors hear the words “mobile home park,” they turn and run the other way. But not today’s guest, who’s found incredible success buying (and repositioning) mobile home parks.

You’ll learn how Kevin Bupp got his real estate started with single family homes (eventually owning hundreds) and how that led to major problems in the last real estate crash.

You’ll also find out how he’s making sure the next crash is different. Discover the incredible power of mobile home parks in generating huge returns in this less-popular real estate niche by learning Kevin’s story. If you are looking to generate huge amounts of cash flow, this is an episode you can’t afford to miss!

In This Episode We Cover:

• The difference between trailer parks and mobile home parks
• How Kevin got started
• Why to not choose single family homes
• How to “stress test” your deals
• How (and why) he got into mobile home parks
• The target market for this investment
• Some objections to owning a mobile home park
• The average vacancy Kevin deals with
• Tips for financing mobile home parks
• The challenges of analyzing mobile home parks
• How a mobile home park is valued
• Advice for adding value to parks
• What you want to consider when investing mobile home parks
• How to find mobile home parks
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Facebook
• BiggerPockets Books
• BiggerPockets Webinar
• BiggerPockets Pro Replay
• Podio
• Insightly
• Commercial Real Estate Investing With Frank Gallinelli
• Credit Karma
• Breakthrough App

Books Mentioned in this Show

• Set for Life by Scott Trench
• The Book on Rental Property Investing by Brandon Turner
• What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli
• The Slight Edge by Jeff Olson

Tweetable Topics:

• “There’s like a million and one ways to make money in real estate. You just have to pick one and give it some time.” (Tweet This!)
• “We want to be in front of the sellers when they either decide to sell or need to sell.” (Tweet This!)
• “Everyone goes through challenges in their business.” (Tweet This!)
• “Tomorrow probably will provide the answer if you don’t give up today.” (Tweet This!)

Connect with Kevin

• Kevin’s BiggerPockets Profile
• Kevin’s Personal Website
• Kevin’s Company Website

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

Are you in this business to make a quick buck—or are you looking to build generational wealth for you and your family? If the latter is true for you, don’t miss a moment of this powerful show with bestselling author Ryan Holiday.

Ryan, best known for his books, such as The Obstacle Is the Way: The Timeless Art of Turning Trials into TriumphA, Trust Me, I’m Lying: Confessions of a Media Manipulatorr, Ego Is the Enemye, and Perennial Seller: The Art of Making and Marketing Work that Lasts , is also a part-time real estate investor and lender.

In this show, we cover a large variety of topics including hard money lending, vacation rentals, writing books, how the awareness of death can make life better, stoicism, and much, much more.

In This Episode We Cover:

• Ryan’s background
• The importance of learning from other people
• His experience as Director of Marketing for American Apparel
• Tips on looking for a mentor
• His first real estate adventure
• His thoughts on Airbnb
• How he gets leads for loans
• How to do what you love through passive income
• The story behind The Obstacle is the Way
• How to react to economy collapse
• Advice to investors who only see the obstacle
• How to control your ego
• Why you should do the right thing despite not sharing it
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Facebook
• BiggerPockets Books
• BiggerPockets Webinar
• Josh’s Instagram Profile
• Brandon’s Instagram Profile
• Derek Sivers

Books Mentioned in this Show

• Set for Life by Scott Trench
• Finding and Funding Great Deals by Anson Young
• The Obstacle Is the Way by Ryan Holiday
• Trust Me, I’m Lying by Ryan Holiday
• Ego is the Enemy by Ryan Holiday
• Perennial Seller by Ryan Holiday
• The 48 Laws of Power by Robert Greene
• Cashflow Quadrant by Robert Kiyosaki
• Rich Dad Poor Dad By Robert Kiyosaki
• The Millionaire Next Door by Thomas J. Stanley
• Fooled by Randomness by Nicholas Taleb
• The Black Swan by Nicholas Taleb
• Antifragile by Nicholas Taleb
• Billion Dollar Lessons by Paul B. Carroll & Chunka Mui

Fire Round Questions

• Best Way to Invest a Large Lump Sum of Money ($100-$300K)?

Tweetable Topics:

• “Any fool can learn by experience. I prefer to learn by the experience of others.” (Tweet This!)
• “Every single business is hiring if you can help them make more than you cost.” (Tweet This!)
• “A mentorship is not a destination, it’s a process that ensues.” (Tweet This!)

Connect with Ryan

• Ryan’s Instagram Profile
• Ryan’s Website
• Daily Stoic

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

There are a lot of reasons to love being a real estate investor. One of the most impressive is the “unfair” tax treatment investors get by the US Government – and we mean that in a good way!

On today’s episode of The BiggerPockets Podcast, we sit down with CPA Linda Weygant to learn more about those incredible tax benefits. You’ll also hear how she discovered the power of real estate through her clients, and how that led her to begin her own investing journey.

Linda shares how she navigates the messy world of investing in properties that have HOAs, as well as how she uses her “unfair advantages” to succeed where others fail. Finally, as a CPA, we have a special “tax-focused-Fire-Round” where we talk about LLCs, deductions, and much more!

In This Episode We Cover:

• How Linda got into real estate
• Why the government likes real estate investors
• What her first deal looked like
• What to look out for when using credit cards for rehabs
• Should you be debt free before investing?
• Debt to income ratio
• Why she chose a townhouse as a first investment
• Her HOA story
• The landlord vs HOA mentality
• How she got her positions in the HOA boards
• Rent-By-The-Room apartments
• How to manage Rent-By-The-Room
• Investing with family and getting an LLC
• How one should handle their business
• Where she’s headed in the next 10 years
• And SO much more!

Links from the Show

• BiggerPockets Forums
• Sept. 27, 2017 NYC Meetup w/Brandon Turner (Darren’s Event)
• BiggerPockets Calculators
• Partnerships, Landlording, and Getting Started in Real Estate with Meghan McCallum
• Meghan McCallum’s BiggerPockets Profile
• BiggerPockets Meetup Events
• Brandon Hall’s BiggerPockets Profile

Books Mentioned in this Show

• Set for Life by Scott Trench
• The Book on Rental Property Investing by Brandon Turner
• Finding and Funding Great Deals by Anson Young
• The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland
• The 4-Hour Workweek by Timothy Ferriss
• You’ve Got This by Will Matthews

Fire Round Questions

• Writing off a firearm?
• Meet 750hrs on a Single Rental Property?
• Is education cost a tax deductible business expense?

Tweetable Topics:

• “The costs to maintain a property go up every year.” (Tweet This!)
• “Always be open for something new.” (Tweet This!)
• “Always treat your tenants with respect.” (Tweet This!)

Connect with Linda

• Linda’s BiggerPockets Profile

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

Let’s be honest: not everyone is trying to buy hundreds or thousands of properties. In fact – just a small handful of incredible deals can help build impressive wealth AND great income. That’s the story you’ll hear today as we speak with Joe “JD” Martin, a real estate investor who’s building wealth while working his full-time job.

As you’ll hear, JD had a rough start to his investing, losing over $100,000 on his first “deal,” but came back to create a stable, cash-flowing portfolio of single family houses that has given him financial freedom and over a million dollars in wealth. If that sounds like a plan you can get behind – don’t miss a moment of this powerful episode!

In This Episode We Cover:

• Losing six figures on the first deal
• The number one problem of that failed deal
• How Joe got back into investing again and the strategy he chose
• The details on his first rehab
• Landlords who hate being landlords
• How the quality of tenants matter
• The importance of knowing who you want to rent to
• Having a day job while investing
• A Simple investing strategy
• How he finances his properties
• What is Cashflow Recycling?
• The freedom to do what you love to do
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Webinar
• BiggerPockets Pro Replay
• Josh’s Instagram Profile
• Brandon’s Instagram Profile
• Brandon’s Twitter Profile
• Josh’s Twitter Profile
• BiggerPockets Calculators and Analysis Tools
• Zillow
• Trulia
• Realtor

Books Mentioned in this Show

• Real Estate Investing For Dummies by Eric Tyson & Robert S. Griswold
• Your Money or Your Life by Vicki Robbin, Joe Dominguez, & Monique Tilford
• The $100 Startup by Chis Guillebeau
• The Millionaire Next Door by Thomas J. Stanley & William D. Danko
• The 4-Hour Workweek by Timothy Ferriss

Fire Round Questions

• Can I get started in real estate with $20k… and how?
• What’s your best advice for tenant screening?
• Electric vs Natural Gas Range/oven for tenants
• Tenant’s dog bit me on the leg

Tweetable Topics:

• “A great place to live may not be a great place to sell to make some money.” (Tweet This!)
• “There’s no one path that works for everyone.” (Tweet This!)
• “You’re really just competing against yourself. There’s no competition.” (Tweet This!)

Connect with Joe

• Joe’s BiggerPockets Profile
• Joe’s Personal Website
• Joe’s Band

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

Money doesn’t buy happiness – but it can give you the freedom to live a truly extraordinary life, something our guest today can really speak to! We sit down with Josh Randall, an investor from Kentucky with nearly 100 units who also works as a full-time business owner.

You’ll love Josh’s mindset when it comes to buying cars, travel, and more through real estate, as well as his “goal-focused” investing that will get him fully retired by the age of 48 (with $50k a month in cash flow!) Josh is incredibly fun and also highly informative, so don’t miss a second of this show which Brandon calls “one of his top episodes ever!”

In This Episode We Cover:

• How Josh got started in real estate through buying a Corvette
• Details on his first deal – a mini mall
• Selling bath tubs while property was still empty
• How many properties Josh currently owns
• Juggling business and real estate investing
• Facebook Marketing to find deals
• The Plumber story
• His strategy
• His monthly cashflow
• The ‘why‘ behind his investing
• Making assets pay for the liability
• His strategy in finding deals
• The types of houses he buys
• Adding one more bedroom to a house
• What is a knockdown?
• Managing a business with 70 employees and real estate investing
• The Limo Hummer
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Youtube Channel
• BiggerPockets Facebook Profile
• Buy and Hold Real Estate—What Works and What Doesn’t with Tim Shiner
• BiggerPockets Webinar
• Tenant Cloud

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert Kiyosaki
• 50 Things They Didn’t Teach You in School by Tim Shiner
• Playing to Win: Jerry Jones and the Dallas Cowboys by David Magee

Fire Round Questions

• Oil tank in basement – should I remove?
• Investing/Flipping Manufactured home. Good or bad idea?
• Buyer asks for inspection report items to be repaired.

Tweetable Topics:

• “Real estate is a piece of cake. I can do it with my eyes closed!” (Tweet This!)
• “There’s always a way to add an additional bedroom.” (Tweet This!)
• “Not everybody is the same person.” (Tweet This!)

Connect with Josh

• Josh’s BiggerPockets Profile
• Central City Rentals Facebook Page
• Josh’s Company Website
• Josh’s Personal Website

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

Is it possible to go from firefighter to real estate mogul? Just ask Jeff Wallenius, who started with a single flip, financed entirely with hard money. He was able to parlay that early success into a profitable flipping business and has been flipping 10-12 houses a year in the Portland market for the last five years. Now, he’s set his sights even higher, has created a couple of funds, and is buying cash flowing turnkey real estate around the country.

In This Episode We Cover:

• Jeff’s transition from firefighting to real estate investing
• His first flip
• What exactly a “cash flow negative” spouse is
• The numbers on that first deal
• How he sold it
• How to price your property
• Why he went back in 2012 after the crash
• The indicator of a good partner
• How he scales his flipping business
• What he thinks buying out-of-state
• Tips for “riding along” with someone to learn more
• How to build an investment fund
• Why he sees safety and performance as his bull’s eye
• What turnkey is and how someone can vet one
• His next goal: acquiring 150 houses in his portfolio
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Forms
• BiggerPockets Conversations
• Farmers Only
• Lessons Learned from 40+ Years as a Real Estate Investor with Jay Hinrichs

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert Kiyosaki
• Set for Life by Scott Trench
• Talent is Overrated by Geoffrey Colvin

Fire Round Questions

• Long distance rehab: hire project manager, or pass?
• Let’s get real about starting out

Tweetable Topics:

• “You don’t want to be the cheapest property in the market.” (Tweet This!)
• “I’d like to align myself with people that have good morals that are going to do the right thing when it’s hard.” (Tweet This!)
• “Flipping is great, but when we stop flipping, the money ends.” (Tweet This!)

Connect with Jeff

• Jeff’s BiggerPockets Profile
• Jeff’s Company
• Jeff’s Facebook Profile
• Jeff’s Twitter Profile

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

Financial debt (like student loans or credit cards) is irritating, expensive, and flat-out dangerous. But you don’t have to be stuck paying the minimum payments for decades like most Americans.

Today, we’re excited to introduce you to Brentin Hess, a young investor who “flipped his way out of student loan debt” and has already been able to quit his job thanks to his real estate investments.

You’ll learn how Brentin used a partnership to begin his house flipping journey, as well as the mistakes that cost him time and money in the beginning. Brentin is incredibly inspiring, so take time to listen to this entire episode—and prepare to have a fire lit beneath you!

In This Episode We Cover:

• Tips for getting into real estate at a young age
• Brentin’s experience of having a real estate license at 19 years old
• How his first partnership came to fruition
• How to deal with contractors when you’re young
• The details of his first deal
• Tips for leveraging capital
• What exactly a Guidance Line of Credit is
• The importance of building relationships
• Why he shifted from flipping to rental properties
• How he financed a multifamily deal
• Tips for finding the right partners
• When you should consider the rent as stabilized
• How he quit his job
• The story of how Gary Vaynerchuck was a guest for his event
• And SO much more!

Links from the Show

• BiggerPockets Forums
• How to Achieve Greater Success by Doing Less with Devin Elder
• Achieving Financial Freedom at Age 32 with Austin Fruechting
• A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
• Gary Vaynerchuk’s Podcast
• From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn
• The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman
• How Modeling Greatness Can Get You To 100+ Deals with Matt Aitchison
• Overcoming Inaction, Direct Mail, and Becoming an Successful Wholesaler with Tim Gordon
• Brandon’s Twitter

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert Kiyosaki
• Crush It! by Gary Vaynerchuk
• The Millionaire Real Estate Investor by Gary Keller
• How to Make Big Money in Small Apartments by Lance Edwards
• Change Your Habits, Change Your Life by Tom Corley
• The 7 Habits of Highly Effective People by Stephen Covey

Fire Round Questions

• Which mortgage should I pay off first? Rental or my own?
• Credit card to fund renovations—lots of questions!
• How can I avoid the mistakes that YOU made?

Tweetable Topics:

• “A lot of people who are into real estate sales don’t even get into investing.” (Tweet This!)
• “Flipping is transactional.” (Tweet This!)
• “Time is a finite resource.” (Tweet This!)
• “Life is boring if you’re not being creative.” (Tweet This!)

Connect with Brentin

• Brentin’s BiggerPockets Profile
• Brentin’s Instagram Profile
• Brentin’s Facebook Profile
• GoRecn

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

Many people dream of achieving financial freedom, but how many actually get there? Today on The BiggerPockets Podcast, you’ll meet one man who did just that. Austin Fruechting began buying rental properties less than 10 years ago, but by the age of 32 was able to retire on the cash flow coming in.

You’ll learn just how he was able to do this by reverse engineering success, buying rental properties in bulk, and using the BRRRR strategy to minimize the cash he needed to buy his properties. Whether you are looking to achieve financial freedom at 32, 52, or 72, this podcast is one you don’t want to miss!

In This Episode We Cover:

• How Austin got started in just 9 months 
• The details of his first deal
• Tips for accessing lines of credit as a newbie
• What you should know about unsecured lines of credit
• How he finds the deals
• Why he doesn’t invest in turnkey properties
• How to map out the passive income financial freedom involves
• What it’s like to achieve financial freedom at 32
• What exactly a long-term buy and hold is
• How to find a good property manager
• The best deal Austin’s ever done
• And SO much more!

Links from the Show

• BiggerPockets Forums
• Slow Hustle Podcast

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert Kiyosaki
• Thinking, Fast and Slow by Daniel Kahneman

Fire Round Questions

• German roaches – tardy tenants
• Newbie Wondering Where I Should Invest?
• Newbies: What is the competitive advantage?
• Best advice you were given?

Tweetable Topics:

• “The fear is always going to be conquered by knowledge.” (Tweet This!)
• “When the right deal is there, I do whatever it takes to get it done.” (Tweet This!)
• “As long as you keep proving yourself, it opens some other doors.” (Tweet This!)
• “All of the pros started as complete novices and beginners too.” (Tweet This!)

Connect with Austin

• Austin’s BiggerPockets Profile
• Austin’s Blog
• Austin’s Instagram Profile
• Austin’s Facebook Profile

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

Is it possible to invest in real estate if you live in an expensive market—and earn a teacher’s salary? According to today’s guest, it’s not only possible, but it can be incredibly profitable!

Today’s guest, Michael Swan, is a P.E. teacher who lives in San Diego but has used the valuable real estate concept known as “trading up” to acquire millions of dollars in real estate. You’ll learn why Michael liquidated his entire retirement plan to buy his first few deals, the truth about “luck” and real estate, and some fantastic tips for buying and managing properties—even from a distance. (And if you work a full-time job or make less than $100,000 per year, this show might just change your life!)

In This Episode We Cover:

• Why Michael’s nickname is Swanny
• How he realized his financial ladder was leaning on the wrong building
• Tips for utilizing IRAs and penalties
• Whether purchasing 11 condos is a good idea or not
• The story of the 15-unit apartment complex
• How he went from $5k in cash flow to $24k
• Whether luck had to do with his great deals
• Tips for buying areas in with both cash flow and appreciation
• His formula for financial freedom (using multifamilies)
• A discussion on single families versus multifamilies
• How to find deals in your market
• Tips for seeking out the perfect property manager
• How many units he has now
• How to tackle big projects
• How he manages his work with his time as a teacher
• And SO much more!

Links from the Show

• BiggerPockets Forums
• Zillow
• Craigslist

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert Kiyosaki
• Multi-Family Millions by David Lindahl
• Loopholes of Real Estate by Garrett Sutton
• The 7 Habits of Highly Effective by Stephen Covey
• Think and Grow Rich by Napoleon Hill
• The 10X Rule by Grant Cardone

Fire Round Questions

• What strategies do you use to find the “right” property manager?
• Is a skunk in the yard my responsibility?
• Apartment bedrooms 2, 1 or studios
• Investing in San Diego
• Investing in rental income properties out of state

Tweetable Topics:

• “Living in San Diego, if I am able to do it, anybody can do it.” (Tweet This!)
• “Luck is when preparation meets opportunity.” (Tweet This!)
• “Make sure you make connections with everybody.” (Tweet This!)
• “I don’t take advice from someone that has less than me.” (Tweet This!)

Connect with Michael

• Michael’s BiggerPockets Profile

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In this episode of The BiggerPockets Podcast, we’re excited to talk about two incredibly powerful strategies any real estate investor (new or experienced!) can use to grow their business: partnerships and BRRRR investing.

Today’s guest, Ian Reeves, used a combination of both these strategies to build an incredible portfolio in just the past few years, having started after listening to this very podcast. This episode is sure to blow your mind with both education and entertainment, so sit back and prepare to have your world rocked forever!

In This Episode We Cover:

• How Ian got started
• The details of his first property
• Why house hacking is a good idea
• How he has 65 units already
• Why he chose partnership
• Tips for finding the right partners through BiggerPockets
• The pros of being a part of an REI meetup
• What you should know about the BRRRR strategy
• A look into whether you should buy expensive properties
• Where he got his initial loan
• The dangers of commercial loans
• The importance of having the right mindset
• The secret to scaling quickly
• The worst deal he has ever done
• And SO much more!

Links from the Show

• BiggerPockets Forums
• Creation Festival Northwest
• 10th Avenue North
• Fincon
• House Hacking 101
• Brandon’s Instagram
• Mindy’s Instagram
• BiggerPockets Events
• 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber
• A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
• Tim Ferriss Show: Derek Sivers
• How to Find and Fund Real Estate Deals with Anson Young

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert Kiyosaki
• The Millionaire Real Estate Investor by Gary Keller
• The Miracle Morning by Hal Elrod
• Set for Life by Scott Trench
• The One Thing by Gary Keller and Jay Papasan
• The Book on Rental Property Investing by Brandon Turner
• The 4-Hour Work Week by Tim Ferriss
• Mastery by Robert Greene
• 80/20 Sales and Marketing by Perry Marshall

Fire Round Questions

• Mailing campaign – letter, post cards (Still a good idea?)
• I just turned 22, what is the best path for a strong portfolio?
• How the Heck Are You Doing 5-10 BRRRRs Per Year?!
• Looking for networking advice
• Partnership Learning Process

Tweetable Topics:

• “It’s a dangerous situation when you are not reinvesting your profits.” (Tweet This!)
• “Fifty percent of a deal is better than 100 percent of no deal.” (Tweet This!)
• “Just tell the people what you’re doing and they can sense the passion.” (Tweet This!)
• “All the information that you could ever want is already out there. It’s up to you if you implement or not.” (Tweet This!)

Connect with Ian

• Ian’s BiggerPockets Profile
• Ian’s Facebook Profile
• Ian’s Youtube Channel

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

How does one scale a real estate investing business to hundreds of thousands of dollars in profit in under two years?

That’s the topic on today’s episode of The BiggerPockets Podcast, where you’ll hear just how Lance Wakefield, a real estate wholesaler in the Dallas area, accomplished that amazing feat. You’ll hear Lance’s powerful story of hitting rock bottom through numerous tragedies that hit him all at once and the devastation that caused—but you’ll also hear how he went from having just $3,500 to his name to earning over $400,000 in profit in less than 18 months.

This show is motivating, educational, powerful, and moving—so don’t miss a moment of it. This is one show you’ll want to bookmark and listen to over and over and over again!

In This Episode We Cover:

• What Lance did before real estate investing
• How he learned to flip homes at the age of 15
• The concept of “house hacking” car dealerships
• The life tragedies that led him to lose everything
• Why stupid deals provide priceless teaching moments
• How to achieve massive success in just 21 months
• Why he teamed up with his wife
• The story behind their first deal
• What to know about the 2% Rule
• What you get when you spend $50k/month on marketing
• How to build out your processes
• How to obtain the right mailing list
• The software he uses to build his deal funnel
• How he determines the needs of the seller
• How to make real estate investing a business
• What’s next for Lance
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Hard Money Lenders
• Advertise on BiggerPockets
• Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael Quarles
• BiggerPockets Meet
• Pipedrive
• BiggerPockets Webinars
• J. Scott’s BiggerPockets Profile
• A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod

Books Mentioned in this Show

• Trump-Style Negotiation by George Ross
• Multipliers by Liz Wiseman
• Traction by Gino Wickman
• The Miracle Morning by Hal Elrod
• Set for Life by Scott Trench

Fire Round Questions

• Proof of funds letter
• Building a buyers list
• Questions to ask an accountant
• Best way to find Contractors in this busy market

Tweetable Topics:

• “It was stupid to do as a deal. But as a learning experience, it was priceless.” (Tweet This!)
• “Our goal is to meet the need of the seller.” (Tweet This!)
• “When you are not focusing on the revenue, you are focusing on the wrong thing.” (Tweet This!)
• “Negotiation is everything. It is the key to real estate.” (Tweet This!)

Connect with Lance

• Lance’s BiggerPockets Profile
• Lance’s LinkedIn Profile
• Lance’s Facebook Profile
• Lance’s Instagram Profile
• Lance’s Phone Number: 469-478-2143

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

From the millions of people who come to BiggerPockets each month, there are two issues that we hear about over and over and over: People can’t find deals, and they can’t find money.

So today on the BiggerPockets Podcast,we’re excited to dive deep into these two issues with a good friend of BiggerPockets—Anson Young. Anson is an experienced investor (and new author!) who shares his best tips for finding real estate deals, even in a competitive market. You’ll learn his best direct mail tips, advice for talking with sellers, and much, much more!

In This Episode We Cover:

• Who is Anson Young?
• How many deals he has done so far
• The most common mistakes made when finding deals
• How to set the right criteria
• Where to find great properties
• How to cut through the competition
• Tips for using CRMS and checklists for direct mail marketing
• Where Anson gets his lists
• What exactly a probate is
• How to maximize networking and referrals
• How to use bandit signs the right way
• The bonuses you’ll get with Anson’s book
• What you need to know about funding deals
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Store
• ListSource
• BiggerPockets Podcast 034: Virtual Real Estate Investing and How to Find Great Deals in a Hot Market with Anson Young
• BiggerPockets Podcast 096: Finding Deals, Wholesaling and House Flipping in a Hot Market With Anson Young
• BiggerPockets Podcast 144: Getting Out of Your Comfort Zone and Kicking Butt at Real Estate with Danny Johnson
• BiggerPockets Podcast 232: The Four Lead Sources Nathan Brooks is Using to Flip 120 Houses a Year
• Podio

Books Mentioned in this Show

• Finding and Funding Great Deals by Anson Young
• The book on investing with Low or No Money Down by Brandon Turner
• The Checklist Manifesto by Atul Gawande
• Rich Dad Poor Dad by Robert Kiyosaki
• The Obstacle Is the Way by Ryan Holiday
• Ego Is the Enemy by Ryan Holiday

Tweetable Topics:

• “Step one is always finding out where you want to be for what you want to do.” (Tweet This!)
• “The more work it takes, the less competition I have.” (Tweet This!)
• “I don’t trust anyone’s numbers.” (Tweet This!)

Connect with Anson

• Anson’s BiggerPockets Profile

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

People often toss around the term “passive income” when it comes to owning rental properties. And, in truth, there are ways to make managing tenants passive. But for the majority of investors, being a landlord can be tough.

On today’s show, we talk with Ryan Murdock, an investor and property manager from Maine about the lessons he’s learned building up his rental portfolio. Ryan also shares his story of going to the brink of financial ruin with a “no money” deal and how to avoid losing your shirt when doing creative financing.

In This Episode We Cover:

• How Ryan started by reading a book
• The beauty of house hacking
• Why he started his own property management company 
• Tips for dealing with inherited tenants
• How to find good agents
• Thoughts on having an agency to “sponsor” you
• How to know when to quit your job
• The things he misjudged while buying houses
• How capital plays a huge role
• How to accurately estimate costs when fixing properties
• How many rental units he has
• Tips for finding properties through the BiggerPockets Marketplace
• What metrics he uses to decide on a property
• How he funded his deals
• What he would do differently if he started again
• The BRRRR strategy
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Marketplace
• BiggerPockets Keyword Alerts

Books Mentioned in this Show

• Set for Life by Scott Trench
• Property Management For Dummies by Grisworld
• The book on investing with Low or No Money Down by Brandon Turner
• The E-Myth by Michael Gerber
• The ONE Thing by Gary Keller and Jay Papasan

Tweetable Topics:

• “Don’t just quit and hope for the best.” (Tweet This!)
• “Creative investing is not about being broke. It’s just about putting together a deal without your own money.” (Tweet This!)
• “You either win or you learn.” (Tweet This!)

Connect with Ryan

• Ryan’s BiggerPockets Profile
• Ryan’s Property Management Website
• Realty of Maine

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

Some investors get started slowly—a deal here, a deal there. But for Arianne Lemire, going slow was not an option.

Arianne began investing just a year and a half ago but has already done 15 deals, with more coming in every month! How did she do it? As she explains, a powerful “why.” You’ll learn how Arianne turned her drive for financial independence into a real estate career that includes rentals, flips, and wholesaling.

Arianne’s story is powerful and will inspire you to blast off like a rocket to reach your destination!

In This Episode We Cover:

• How Arianne got started through the BiggerPockets webinar!
• Her very first deal
• What “delayed financing exemption” means
• How she used BiggerPockets to figure out her strategy and to find a lender
• A discussion on whether you should get your real estate license
• Where Arianne invests
• How she shifted her strategy due to her “why”
• How to handle being a female real estate investor
• Tips for landing lots of deals in just two years
• Where she is now in her business
• What marketing strategy she uses
• A general contractor horror story
• The importance of surrounding yourself with the right people
• What’s next for her
• And SO much more!

Links from the Show

• BiggerPockets Bookstore
• BiggerPockets Forums
• BiggerPockets Webinar
• BiggerPockets Podcast 163: Making Your Real Estate Business Soar While Working a Full-Time Job with Bill Allen
• BRRRR Strategy
• Auction.com
• Williams and Williams
• XOme

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert T. Kiyosaki
• The Book on Rental Properties by Brandon Turner
• Set for Life by Scott Trench
• The Book on Flipping Houses by J. Scott
• The Book on Rental Property Management by Brandon and Heather Turner
• The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland
• Procrastinate on Purpose by Rory Vaden

Tweetable Topics:

• “It’s just a number’s game, so just submit as many offers as you can.” (Tweet This!)
• “Instead of being a piece in the chessboard, you’re now looking over the chessboard.” (Tweet This!)
• “Use your strengths to your advantage.” (Tweet This!)

Connect with Arianne

• Arianne’s BiggerPockets Profile
• Arianne’s Company Facebook Page

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

Why do some people struggle finding one single real estate deal, when others are finding dozens each month? What’s the secret to getting consistent leads? According to our guest today, it’s relationships—and specifically, there are four types of relationships that bring him over 100 deals a year.

Today we’re excited to bring back Nathan Brooks as we dive deep into all four strategies he’s currently using to bring in incredible deals. And don’t miss the powerful discussion we had about leadership and the extreme ownership needed to take your business to the next level! This show is as funny as it is informative, so sit down and prepare for an amazing 90-minute episode!

In This Episode We Cover:

• Nathan’s quick back story
• How he finds all his properties
• The importance of building relationships with the right people
• The exact phrase he says to agents
• How he uses the 80/20 principle in relationships
• The four lead sources Nathan uses
• Tips for dealing with wholesalers
• The property management software he use
• How to find and keep great contractors
• How to take responsibility for the leadership of your team
• And SO much more!

Fire Round Forum Links

• Contractor Dilemma – Advice?
• 60k Prop or 100k Prop? Cash flow vs. Value
• Property Manager Vendors are expensive
• Failure to launch, no luck so far

Links from the Show

• BiggerPockets Forums
• BiggerPockets Podcast 087: How to Thrive After The Collapse of a Real Estate Empire with Nathan Brooks
• BiggerPockets Podcast 159: How to Build a Real Estate Business That Buys 60 Deals a Year with Nathan Brooks
• ifttt.com
• BiggerPockets Events
• Josh’s Instagram Profile
• Brandon’s Instagram Profile
• Appfolio
• Podio
• Jocko’s Instagram Profile
• Saturday Night Live video with Josh

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert T. Kiyosaki
• The ONE Thing by Jay Papasan and Gary Keller
• Traction by Gino Wickman
• E-Myth by Michael Gerber
• Extreme Ownership by Jocko Willink
• The Millionaire Real Estate Investor by Gary Keller, Dave Jenks, and Jay Papasan
• The Book on Rental Properties by Brandon Turner
• Set for Life by Scott Trench

Tweetable Topics:

• “It’s all about relationships.” (Tweet This!)
• “If you can’t afford the management, you probably can’t afford the house.” (Tweet This!)
• “You have to take responsibility for the leadership of your team.” (Tweet This!)

Connect with Nathan

• Nathan’s BiggerPockets Profile
• Nathan’s Company Website
• Nathan’s Company Facebook Page

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

There are a lot of “shady” people in the real estate space, and wholesalers tend to be the worst offenders. So today on The BiggerPockets Podcast, we are excited to bring you an interview with Brett Snograss, an investor from Indianapolis market who’s (ethically) wholesaling up to 25 houses each month!

Brett shares his exact strategies for finding deals, growing his business, and networking with others. You’ll even witness a “one-on-two coaching” moment as Brett walks Josh and Brandon through their “first deal” at wholesaling real estate.

Brett is a great guy with a super powerful message that will leave you motivated and equipped to dominate your own real estate market!

In This Episode We Cover:

• Brett’s background as an entrepreneur (and how he got sued!)
• Tips for buying discounted real estate properties
• How to get up to 25 properties a month
• His definition of wholesaling
• Why he doesn’t fix and flip
• A discussion on whether this is a good strategy for newbies
• How his company handles closing costs
• Why wholesalers run a transactional business
• The average profit per deal and a walkthrough of one deal
• How to use direct mail and a PPC website
• Tips for working on your marketing funnel
• What Brett’s team looks like
• And SO much more!

Links from the Show

• BiggerPockets Forums
• Real Estate Investing as a Side Hustle with Grammy-Winning Producer Seth Mosley
• Josh’s Instagram Profile
• Brandon’s Instagram Profile
• Josh’s Twitter Profile
• Brandon’s Twitter Profile
• Listsource
• AgentPro 247
• BiggerPockets Webinar
• Jaren Barnes BiggerPockets Profile
• SWP:002 The Epic Adventure Story of Brandon Turner
• CallRail
• Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert T. Kiyosaki
• The ONE Thing by Jay Papasan and Gary Keller
• Traction by Gino Wickman
• The Millionaire Next Door by Thomas J. Stanley
• No B.S. Time Management for Entrepreneurs by Dan Kennedy

Tweetable Topics:

• “Your reputation is everything.” (Tweet This!)
• “If I can save myself 5 hours a week training somebody else to do what I’m doing, then that’d be awesome.” (Tweet This!)
• “Wholesaling is a transactional business.” (Tweet This!)

Connect with Brett

• Brett’s BiggerPockets Profile
• Brett’s Company Website
• Simplewholesaling Podcast
• Simplewholesaling Properties

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

Real estate doesn’t need to be a full-time business, but it can be a fantastic side hustle! That’s the topic on today’s episode of The BiggerPockets Podcast, where we sit down with Seth Mosley, a musical artist and producer (with several Grammy awards to his name!) who invests in rental properties on the side.

Seth has a ton of great tips to share today for anyone looking to buy more real estate but not able to spend 40 hours a week doing it. And be sure to listen for his fascinating strategy on how he used a virtual assistant to help find and analyze deals! This show is packed full with tips, stories, and humor, so don’t miss a moment of it!

In This Episode We Cover:

• How Seth started as a music producer, with investing as a side hustle
• The tax advantages, appreciation, and other reasons why he chose real estate
• How to know which path to take in real estate investing
• How you can use 1030 exchanges to buy up to 6 units
• His portfolio of 20 doors and where he invests
• How he uses virtual assistants to help him find deals
• Why you should consider starting an investment club
• What you should know about S.I.D.E. H.U.S.T.L.E.
• The importance of focusing on relationships
• Tips for becoming a part-time investor
• What’s next for Seth
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Events
• E and S Tile Instagram
• Josh’s Instagram Profile
• Brandon’s Instagram Profile
• Newsboys (Band)
• DC Talk (Band)
• Upwork
• BiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
• BiggerPockets Author
• Dave Ramsey

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert T. Kiyosaki
• The Checklist Manifesto by Atul Gawande
• The Miracle Morning by Hal Elrod
• The ONE Thing by Jay Papasan and Gary Keller

Tweetable Topics:

• “Don’t be too attached just because you lived in it. View it as an investment.” (Tweet This!)
• “If there’s no door, then just build one.” (Tweet This!)
• “Just get started and get fancy later.” (Tweet This!)
• “Don’t look for the cheapest property manager. Look for the best one. Hire slow and fire fast.” (Tweet This!)

Connect with Seth

• Seth’s BiggerPockets Profile
• Full Circle Music
• Seth’s Investor Group Facebook Page

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

Not everyone wants to work a “real job”—but luckily, real estate investing can offer financial freedom for those willing to put in the work. Today’s guest on The BiggerPockets Podcast exemplifies this perfectly!

Our guest today, Zeona McIntyre, is a master at short-term (aka “vacation”) rental properties and has achieved early retirement with just a small handful of these units. On this fun episode, you’ll discover how Zeona began her rental journey before buying a single property, how short-term rentals can provide significantly more cash flow than traditional rentals, and numerous tips and tricks for getting the biggest bang for your buck.

We also chat on private lending, finding deals, and the amazing number of countries (and continents) Zeona has traveled to. Whether you plan to buy short-term rentals in your future or not, this show packs a powerful punch that everyone needs to hear!

In This Episode We Cover:

• How Zeona got into the real estate game
• Why she started out by subleasing her apartment as an Airbnb rental
• Why you should see private money lenders as opportunities
• Why reading the fine print is important before signing anything
• How she found her next deal site unseen
• What’s unique about her market
• How she uses systems to manage her units
• What early retirement means to her
• Tips for managing vacation rentals at a distance
• Discriminations and legalities on these properties
• Airbnb hacks and tips
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Files
• Parks and Recreation (TV Show)
• Couchsurfing
• Airbnb
• Afford Anything (Blog)
• BiggerPockets Podcast 035: Quitting Your Job, Lifestyle Design, and Being a Traveling Landlord with Paula Pant
• BiggerPockets Ultimate Beginner’s Guide to Real Estate Investing
• Casa Mia Pizza
• Homeaway
• Booking.com
• Expedia
• BiggerPockets Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber
• BiggerPockets Bookstore

Books Mentioned in this Show

• Set for Life by Scott Trench
• Rich Dad Poor Dad by Robert T. Kiyosaki
• The 4-Hour Workweek by Timothy Ferriss
• The Big Leap by PhD Hendricks Gay

Tweetable Topics:

• “You just take what you have and you leverage that.” (Tweet This!)
• “You don’t fully understand until you’re in it, until you’re doing it.” (Tweet This!)
• “You don’t have to be super studied. You just have to start doing it.” (Tweet This!)

Connect with Zeona

• Zeona’s BiggerPockets Profile
• Zeona’s Personal Website

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

A lot of newbies get stuck when trying to get their first few deals. After all, figuring out how to find properties, how to get the money needed to buy them, and how to not mismanage the property are all big tasks.

That’s why we’re excited to bring you this powerful interview with Meghan McCallum, a real estate investor who’s passionate about helping new investors discover their best plan for real estate success.

Today, Meghan shares her story of a terrible first deal that led to an unbelievable second deal (you won’t believe the appreciation she’s seen!) and more. Meghan also shares on the first steps newbies need to do before jumping in, as well as the power of using partnerships to gain experience and financing for your deals!

In This Episode We Cover:

• Meghan’s journey to her first deal from being a firefighter in Kuwait
• How she bought a $280k property that now is worth $875k
• Her thoughts about house hacking 
• Tips on handling an inherited tenant
• How to build the systems and team you need to scale
• Why you should figure out who you are as an investor first
• Why you should seek out a partner and not a mentor
• Thoughts on “speed dating” for real estate investors
• Their next deal (the story of knee-high poop)
• What exactly an “escalation clause” is
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Events
• BiggerPockets Podcast 132: How Brie Schmidt Grew Her Real Estate Portfolio by 50 Units in 1 Year
• BiggerPockets Podcast 078: Quitting Your Job, Buy & Hold Investing, and Succeeding With High-End Rentals with Brie Schmidt
• BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray
• BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray
• Brie Schmidt’s BiggerPockets Profile
• Anson Young’s BiggerPockets Profile

Books Mentioned in this Show

• Set for Life by Scott Trench
• Brandon Turner’s The Book on Rental Property Investing
• Crushing It in Apartments and Commercial Real Estate by Brian Murray
• The Gifts of Imperfection by Brene Brown

Tweetable Topics:

• “We forget in real estate investing that people are people. So like in all relationships, you set ground rules.” (Tweet This!)
• “We all gravitate to what we’re great at, and what we’re great at makes us happy.” (Tweet This!)
• “You need to know who you are first as an investor before you even consider what type of investment to get into.” (Tweet This!)
• “I build my business around good people.” (Tweet This!)

Connect with Meghan

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

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

Scaling: It’s a term often tossed around in business and real estate, but what does it actually look like? Today on the BiggerPockets Podcast, you’ll see firsthand how one investor went from a small handful of single family houses to purchasing over $130,000,000 worth of apartment communities in just the past few years.

Our guest, Joe Fairless, has a great story that will show you how you can get started with larger multifamily properties, including several ways to find and finance those big deals. Whether you are looking for your first deal or a 250 unit apartment community, this is one show you can’t afford to miss!

In This Episode We Cover:

• Joe’s background
• His first property in Texas
• Tips for those investing out-of-state
• The benefits and dangers of buying properties virtually
• Why he no longer does single family properties
• How to qualify a market
• Markets that Joe thinks work
• Tips on finding partners and funding deals
• What exactly a master lease is
• How to network and get people in a deal with you
• How much money he puts in each deal
• How they find their apartment deals
• What a stabilized property is
• And SO much more!

Links from the Show

• BiggerPockets Forums
• The ONE Thing Podcast
• CoStar
• JF 82: House Hacking Tips Revealed (podcast)
• Tony Robbins
• Malcolm Gladwell
• Tim Ferriss

Books Mentioned in this Show

• Set for Life by Scott Trench
• Real Estate Investing for Dummies by Eric Tyson and Robert S. Griswold
• Rich Dad Poor Dad by Robert T. Kiyosaki
• The Driving Force: Six Human Needs by Anthony Robbins
• Crucial Conversations by Kerry Patterson

Tweetable Topics:

• “I’ve never visited the house before I’ve bought it.” (Tweet This!)
• “The bigger dollars are in the value-add opportunities.” (Tweet This!)
• “You want to have customers before you have a product.” (Tweet This!)

Connect with Joe

• Joe’s BiggerPockets Profile
• Joe’s Personal Website
• Joe’s Company Website
• Joe’s Podcast

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

What does true wealth look like? Is it simply money or something more? And how does one achieve that wealth? That’s the topic on today’s episode of The BiggerPockets Podcast, where we sit down with David Osborn, a highly successful real estate investor, agent, and New York Times Bestselling author from Austin, TX.

This show is PACKED with incredible, life-changing knowledge, advice, and wisdom from someone who truly walks his talk. David covers everything from buying your first property, the exact “pass/fail” metrics he uses to evaluate potential deals, the importance of work/life balance, and SO much more!

This is one episode you’ll want to listen to again and again!

In This Episode We Cover:

• A little about David’s background
• How being lazy can actually work
• His rental portfolio
• How he’s managed to build his portfolio easily
• His advice to those who are still starting out
• The importance of hanging out with winners
• The three main things that he focuses on his life
• How he learns best
• The story behind “wealth can’t wait”
• A conversation on the definition of wealth
• What can be improved in the current curriculum
• How to know when enough is enough
• How to gain momentum in real estate
• David’s goals for the next 20 years
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Instagram Account
• Josh’s Instagram Account
• Brandon’s Instagram Account
• Self Made Man Podcast with David as Guest
• BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
• Carleton Sheets
• BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene
• BiggerPockets Podcast 190: Building 61 Different Passive Streams of Income with Pat Hiban
• Gobundance
• Khan Academy

Books Mentioned in this Show

• Set for Life by Scott Trench
• Wealth Can’t Wait by David Osborn
• Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki
• Real Estate Riches by Dolf de Roos
• Secrets of Power Negotiating by Roger Dawson
• The ONE Thing by Gary Keller and Jay Papasan
• As a Man Thinketh by James Allen

Tweetable Topics:

• “It’s all about opportunity in life. So you won’t be ready for the opportunity unless you’re prepared.” (Tweet This!)
• “If you want to be a winner, you’ve got to hangout with winners.” (Tweet This!)
• “Wealth is not just really about money. It’s about an entire way of living. It’s a state of mind.” (Tweet This!)
• “The biggest risks in life is not taking risks.” (Tweet This!)

Connect with David

• David’s Personal Website

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

A lot of investors love to talk about the good times. But for life-long real estate investors, failure is often inevitable, especially during real estate crashes. That’s why we’re excited to bring you this discussion with Kathy Fettke today on the BiggerPockets Podcast.

Kathy started her journey toward financial independence after receiving shocking news from a doctor, but used that motivation to begin investing. Alongside her husband, Kathy built up an impressive portfolio but struggled during the latest real estate crash.

Still, she was able to emerge (and thrive) from the lessons learned. Today, Kathy shares how to avoid the mistakes that led to her difficult times! She also shares insight into buying real estate at a distance and handling the problems that can arise from long-distance landlording.

In This Episode We Cover:

• The story behind the radio show
• How Kathy landed her first deal without money down
• How she converted single family units to multifamilies
• A discussion on FHA loans and house hacking
• Key pieces of Robert Kiyosaki’s advice
• Tips on buying from a distance and using property managers
• What you should know about finding the right agents, CPAs, and property managers
• What happened when Kathy got “too confident”
• The important lessons she learned after the collapse
• What metrics to look for in a market
• What it takes to come up with $3 million in five minutes
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Hard Money Lenders
• Robert Kiyosaki
• Real Property Management

Books Mentioned in this Show

• Set for Life by Scott Trench
• Extreme Success by Rich Fettke
• Retire Rich with Rentals by Kathy Fettke
• The Millionaire Next Door by Thomas J. Stanley
• Priceless by William Poundstone
• The Da Vinci Code by Dan Brown
• Wealth Can’t Wait by David Osborn
• Augmented by Brett King

Tweetable Topics:

• “The hardest times in our lives tend to be the times when we have to dig deep.” (Tweet This!)
• “Any time you get in front of the path of progress, you’re going to make money.” (Tweet This!)
• “If you can’t buy this car with cash, you shouldn’t have it.” (Tweet This!)

Connect with Kathy

• Kathy’s Company
• Kathy’s Podcast

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

What does it take to buy 17 deals a week? What if we told you it was the exact same process needed to buy just one deal per year?

That’s the topic on today’s show, where we sit down with Chris Clothier to talk about how his company is buying up to 17 deals a week following the same process any investor can to get their own deals. Chris also shares keen insight into building up a thriving business, hiring your first or next employee, why he decided to run a 100-mile ultra-marathon, and much more.

Whether you are looking to buy one deal a year or one deal a day, this show will have a tremendous impact on your life! 

In This Episode We Cover:

• A quick recap on who Chris is
• How he started a turnkey company that now boasts 1,800 clients
• Tips for building the infrastructure of a business
• Why you should hire people
• The details on his process for offering on deals
• How Chris finds deals
• Thoughts on buying houses through social media
• A step-by-step guide on how to actually find and close a deal
• His ultra-marathon story (and how this relates to real estate)
• And SO much more!

Links from the Show

• Email SetForLife@biggerpockets.com
• BiggerPockets Forums
• Be an Author
• Ben Leybovich’s BP Profile
• Brian Burke’s BiggerPockets Profile
• Serge Shukhat’s BiggerPockets Profile
• Building a Scalable Real Estate Business and Tenant Management Tips with Chris Clothier (podcast)
• 5 Myths Holding Investors Back From Real Estate Greatness with Chris Clothier (podcast)
• Building Wealth and Passive Income with Rental Properties with Ben Leybovich, Brian Burke, and Serge Shukhat (podcast)
• Carleton Sheets

Books Mentioned in this Show

• Set for Life by Scott Trench (email setforlife@biggerpockets.com)
• Make It BIG! by Frank McKinney
• The 4-Hour Workweek by Tim Ferriss
• Stealing Fire by Steven Kotler
• Blue Ocean Strategy by W. Chan Kim

Tweetable Topics:

• “I’m not a businessman; I’m a business man.” (Tweet This!)
• “There’s no better advice that I can give somebody than to be honest and upfront.” (Tweet This!)
• “Personal relationships are going to help you earn in your business.” (Tweet This!)
• “Any investor should be able to find a deal that makes sense in any city during any market, up or down.” (Tweet This!)
• “A good passive investments allows you to sleep well at night.” (Tweet This!)

Connect with Chris

• Chris’ BiggerPockets Profile
• Chris’ Turnkey Company

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

A lot of people want to achieve financial freedom—but many who start the journey never arrive. So what’s the best way to truly set yourself up for success in achieving financial independence and wealth?

That’s the topic of today’s show, where we sit down with Scott Trench, author of Set for Life,to discuss some of the simple yet powerful, tactics people can use to increase their income, reduce their expenses, and lead a legendary life.  

In This Episode We Cover:

• A little bit on Scott‘s background
• The path to early financial freedom
• How to house hack your way to a portfolio of properties
• Tips for using the BRRRR method
• How to invest despite what the market situation is
• An introduction to the book Set for Life
• The three stages of wealth mentioned in the book
• What you should know about the “financial runway“
• The bonuses that comes with the book
• A discussion on making more money
• The importance of finding a job you love
• How to get the set of skills you need to succeed
• Scott’s advice to those who are getting their first deal
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Podcast 099: 3 Personal Finance Bloggers & Their First Real Estate Investment with Scott, Lauren, and Philip (podcast)
• Ben Leybovich’s BP Profile
• Jered Sturm’s BP Profile
• How to “Hack” Your Housing and Get Paid to Live for Free (blog)
• BiggerPockets Podcast 217: How to Work Less and Earn More Using the 80/20 Rule with Perry Marshall (podcast)
• Your First Home Purchase Could Be a Horrendous Financial Decision. Unless… (blog)
• Investors: Don’t Shoot for 100+ Properties. Aim for Bigger & Better With THIS Strategy. (blog)
• How I Went From $0 Net Worth to Qualifying for $1M in Real Estate Financing in 2.5 Years (blog)
• Am I Missing Something, or Is Real Estate Investing Really Not That Hard? (blog)

Books Mentioned in this Show

• Set for Life by Scott Trench (email setforlife@biggerpockets.com)
• The Book on Rental Property Investing by Brandon Turner
• The ONE Thing by Gary Keller and Jay Papasan
• Rich Dad Poor Dad by Robert T. Kiyosaki

Tweetable Topics:

• “It’s not just about being thrifty or cheap; it’s about being smart.” (Tweet This!)
• “Because we were responsible financially, we were able to take risks.” (Tweet This!)
• “Understand that what I’m doing today is what I need to get to the next level.” (Tweet This!)

Connect with Scott

• Scott’s BiggerPockets Profile

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

Success leaves clues! Rather than trying to figure it all out on your own, why not listen to someone who has been involved with nearly every aspect of real estate for decades?

On today’s episode of The BiggerPockets Podcast, we sit down with Jay Hinrichs, an investor and hard money lender from Oregon, to learn how he has navigated the real estate market for more than 40 years—and how you can grow your own business from his wisdom!

In This Episode We Cover:

• How Jay Hinrichs started when he was 18
• A discussion on whether you should get a license or not
• His first houses in the Bay area
• Why agents are not investing
• What a hard money lender is
• How to be approved by hard money lender
• How Jay became the largest hard money lender in his area
• Why you should consider the BRRRR strategy (and how he’s been doing it for years)
• How to do something nice for somebody (through BiggerPockets)
• Why you should go ask in the Forums
• Tips for finding the right partners
• How to get the “lion’s share“
• The most common question in the Forums
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets New Members Introduction
• Joel Owens’ BP Profile
• Josh’s Twitter Profile
• BiggerPockets Keyword Alerts
• BiggerPockets Hard Money Lenders (listing)

Books Mentioned in this Show

• Think and Grow Rich by Napoleon Hill
• Rocket Fuel by Gino Wickman

Tweetable Topics:

• “When you’re starting out and you don’t have the money, you need to honor the money.” (Tweet This!)
• “Any investor that I bring in a deal always makes more money than I do.” (Tweet This!)
• “I will never retire. I’ll be doing this until I’m not functional. I love what I do.” (Tweet This!)
• “Every market is different. You have to play to the market.” (Tweet This!)

Connect with Jay

• Jay’s BiggerPockets Profile

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

A lot of people want to invest in rental properties, but a lot of people also fail when they jump in. Why? That’s the topic on today’s episode of the BiggerPockets Podcast, where we sit down with Tim Shiner to learn his story of going from zero to over 150 units and the lessons he picked up along the way.

You’ll hear some incredible strategies for getting unicorn deals when there are multiple offers, the #1 most important characteristic Tim looks for when buying a property, and why he focuses primarily on “higher end” rental houses. You’ll love all the humor, wisdom, and knowledge Tim brings to the show, so sit down, relax, and be prepared to learn!

In This Episode We Cover:

• How he got started buying quality real estate
• What makes his location special
• Why he doesn’t have a real estate license
• The importance of looking at the “horizon” and the end goal
• A discussion on diversification on investments
• The story of the “big white card board“
• Why you should focus on what you are better at
• Tips for finding mentors
• The details on his 140 deals
• Insight into the debate on high-end vs. low-end properties
• Why he loves appreciation
• Tips for partnering with your significant other
• A discussion on buying your kid a property
• How he finds deals
• Why you should set a goal, achieve it, and reward yourself
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Webinar
• Be a Guest to the Show
• School of Life Podcast
• Control
• Uber

Books Mentioned in this Show

• Elon Musk by Ashlee Vance
• Rich Dad Poor Dad by Robert Kiyosaki
• Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki
• The 10X Rule by Grant Cardone
• 50 Things They Didn’t Teach You in School by Tim Shiner

Tweetable Topics:

• “Nobody cares as much about your investments as much as you do.” (Tweet This!)
• “The goal is to get as many checks coming in the mail as possibly as you can.” (Tweet This!)
• “If you have a strong enough ‘why’ while you invest, that will plow your way.” (Tweet This!)
• “Set a goal, achieve it, and reward yourself.” (Tweet This!)

Connect with Tim

• Tim’s BiggerPockets Profile
• Tim’s Company Profile

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

Many people buy real estate hoping to make great cash flow. But all too often that cash flow is quickly eaten away by a silent but deadly thief.

In this episode of the BiggerPockets Podcast, Josh and Brandon sit down with real estate investor Jesse Fragale to hear his story and learn more about how this silent killer can eat away your profits if you don’t analyze a deal right. You’ll also learn how Jesse found a way to invest in a crazy expensive market, as well as tips on using partners, scaling to larger properties, and the worst pickup line Jesse has ever used!

In This Episode We Cover:

• How Jason got into real estate because of a car
• Why he chose the niche of student rentals
• 4 ways to earn in real estate
• Tips for managing student rentals
• The worst day of Jason’s life (aka why CapEx is important)
• How much you should prepare for capital expenditures
• The pros and cons of student rentals
• Thoughts on jumping into multifamily
• What you should know about the 50% rule
• Tips for finding the cap rate in an area
• How to fund a deals using a partnership
• A discussion on setting expectations with property managers
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Webinar
• BP Podcast 182: 674 Multifamily Units in Three Years with Jake & Gino
• Wheel Barrow Profits Podcast
• BiggerPockets Analysis

Books Mentioned in this Show

• The Wealthy Renter by Alex Avery
• Landlording on Auto-Pilot by Mike Butler
• Getting to Yes by Roger Fisher
• The Book on Investing with No Money Down by Brandon Turner

Tweetable Topics:

• “The bigger the deal, the easier it is to do.” (Tweet This!)
• “If you bring people a good deal, I believe that they will take it for what it’s worth.” (Tweet This!)
• “I think there’s success in every facet of real estate.” (Tweet This!)

Connect with Jesse

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

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

Many people invest in real estate hoping to make “passive income” but instead find they work more than they would at a day job! But not all real estate niches require a lot of time—and today’s show proves that! Today on the BiggerPockets Podcast, we sit down with Dr Kenyon Meadows, a real estate investor who chooses to invest his money using a variety of passive real estate vehicles, including funding other real estate investors, investing out of state through several turnkey companies, and investing in over 30 crowdfunding deals! If you are looking to make your real estate more passive, this is one show you can’t afford to miss!

In This Episode We Cover:

• Who Kenyon Meadows is
• What you should know about alternative assets
• How he got into real estate
• How he structures his private money lending
• Whether track records matter to him
• How to impress a private money lender
• Tips for building permanent wealth
• How he got into turnkey properties
• Advice on finding the right turnkey property provider
• A look at the numbers for a turnkey property
• How he structures his deals
• How real estate crowdfunding deals work
• Kenyon’s future plans
• What he would tell someone starting out
• A discussion on investments outside real estate
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BP Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager
• BiggerPockets Invites
• Serial Podcast
• BiggerPockets Analysis
• P2B Investor
• Funding Circle

Books Mentioned in this Show

• Essentialism by Greg McKeown
• Bridge Over Troubled Wall Street by Mr. Stephen E. Gardner
• The Alternative Answer by Bob Rice
• Alternative Financial Medicine by Kenyon Meadows

Tweetable Topics:

• “I don’t think you should invest in anything unless you really know the ins and outs of it.” (Tweet This!)
• “Loaning is great, but if you want to build permanent wealth, then you’ve got to own this stuff.” (Tweet This!)

Connect with Kenyon

• Kenyon’s Personal Website

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

Why is it some investors buy deals every single month, when others look for years without landing a single great real estate deal? Two words: deal flow. On today’s episode of the BiggerPockets Podcast, we sit down with Erik Stark to talk about how he consistently drives leads to his real estate business using “driving for dollars,” direct mail marketing, and a fascinating “education marketing” strategy that you’ll be excited to try for yourself!

In This Episode We Cover:

• Erik’s background
• What exactly deal flow is
• The importance of focusing on the strategy
• The first step in driving for dollars
• How to identify a distressed vacant house
• How he tracks his mailers
• What systems he has in place, including outsourcing
• Tips for finding out if there’s existing mortgage on a property
• The Smart Sell Book he authored
• What R3 zoning is
• What’s changed in the past two years since he was interviewed
• His plan for the next years
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BP Podcast 093: 0 to 400 Deals (in 5 Years!) via Smart Marketing with Erik Stark
• Mike Cantu
• Brandon’s Instagram – Beardy Brandon!

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert Kiyosaki
• The Peebles Path to Real Estate Wealth by R. Donahue Peebles
• The Success System That Never Fails by W. Clement Stone
• Smart Sell Book by Erik Stark (Contact Erik directly)

Tweetable Topics:

• “You need to stop chasing opportunity and start working a strategy.” (Tweet This!)
• “I don’t want to spend my life trying to tell people why I’m better than everybody else.” (Tweet This!)
• “If you are looking at properties and not writing offers, it’s like going to the gym and not working out.” (Tweet This!)
• “Cash is everywhere now. There’s no shortage of cash; there’s a shortage of real opportunity.” (Tweet This!)

Connect with Erik

• Erik’s Personal Website
• Erik’s BiggerPockets Profile
• Erik’s Facebook Profile
• Erik’s Instagram

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

Every day, our lives are consumed by things that simply don’t amount to much. In fact, most of your successes will come from a very small percentage of your activities. That’s the basic concept of the 80/20 rule, and today’s guest is one of the world’s foremost experts on using the 80/20 rule in business! Today’s guest is Perry Marshall, author of 80/20 Sales and Marketing: The Definitive Guide to Working Less and Making MoreE, and on today’s fascinating show, Perry dives into how to use this principle to work less and achieve more. And don’t miss the fascinating discussion on how to make $10,000 an hour; if you’ve never heard this concept before, it’s about to blow your mind (and business) into the stratosphere!

In This Episode We Cover:

• Perry’s background and how he got into marketing
• How he stumbled upon the 80/20 principle
• Why it’s alright to let go of tenants causing you issues
• The 80/20 inside the 80/20
• How this affects investors with rental properties
• What we can learn from the “principle of the 2700 espresso machine“
• The most important thing in direct mail marketing
• The 5 qualifiers you should know when selling
• What to consider about the concept of retargeting
• How to handle a bad response rate
• A tip to help you make $10,000 an hour
• Why you should say no to a lot more things
• How to differentiate the $10 an hour job from the $10,000 an hour job
• And SO much more!

Links from the Show

• BiggerPockets Forums
• Upwork

Books Mentioned in this Show

• 80/20 Sales and Marketing by Perry Marshall
• Ultimate Guide to Google AdWords by Perry Marshall
• Ultimate Guide to Facebook Advertising by Perry Marshall
• The 80/20 Principle by Richard Koch
• The Star Principle by Richard Koch
• The Book of Proverbs

Tweetable Topics:

• “80/20 is everywhere.” (Tweet This!)
• “We can fix so many problems by doing so little.” (Tweet This!)
• “Half of what you are doing right now you shouldn’t be doing.” (Tweet This!)

Connect with Perry

• Perry’s Personal Website
• Get his book
• 80/20 Curve
• Perry’s Twitter Profile

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

On today’s episode of The BiggerPockets Podcast, we’re pumped to introduce you to Damion Lupo, an experienced real estate investor and hard money lender who has seen it all in real estate—both the good and bad! You’ll learn how it was Damion’s naiveté that led to his early success (and why naiveté matters), as well as the traits that helped Damion build up an incredibly successful cash-flowing business. And don’t miss Damion’s story of the murdered security guard or his golden answers to the question, “How do you get a lender to say yes?” 

In This Episode We Cover:

• Damion’s first deal that he financed with his Visa card
• How you can be naive and still make it
• A discussion on whether it’s harder to find deals nowadays
• What you should know about driving for dollars
• The deals he has done so far
• The murdered guard story
• Why he wants to be the bank
• What exactly a lease option is
• How he structures his partnership
• A discussion on whether people should get an LLC or not
• Damion’s view on cash flow
• What he did to get through the downturn in 2008 
• Advice for those who want to be hard money lenders
• Tips for convincing a hard money lender
• What’s next for Damion
• And SO much more!

Links from the Show

• Visit Path to Purchase on your Biggerpockets Dashboard
• BiggerPockets Events
• BiggerPockets Forums
• Pet Food
• Meetup.com
• Incorporate
• The Profit with Marcus Lemonis

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert T. Kiyosaki
• The Success Principles by Jack Canfield
• Abundance by Peter Diamandis and Steven Kotler
• Rich Dad’s Cashflow Quadrant by Robert T. Kiyosaki
• Mastery by George Leonard

Tweetable Topics:

• “With real estate, there was this unlimited potential that is really only limited by me and my thinking.” (Tweet This!)
• “You can create massive financial wealth with real estate with an 8th grade education. Really, it’s up to you.” (Tweet This!)
• “People don’t realize the laws of selling. You don’t close deals on your first time.” (Tweet This!)
• “The way you do anything is the way you do everything.” (Tweet This!)
• “The worst teacher is success.” (Tweet This!)

Connect with Damion

• Damion’s Personal Website
• Damion’s Company Website
• Damion’s Amazon Profile

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Boston is a tough market. Prices are high, but even high rents aren’t enough to make it profitable to invest. Ricky Beliveau makes money by renting to students, converting small multifamily buildings into condos (it’s easier than you think!), and transitioning unused space into more bedrooms to add massive value.

In This Episode We Cover:

• How Ricky started by borrowing money from his mom
• Thoughts on buying an expensive property in an expensive market
• How he got 4 signers and co-signers per unit
• Tips for finding a property manager
• The upsides to having a college rental
• How he achieves next to zero vacancies
• How he tenant-proofs his rentals
• The value of his property today
• The details of his next deals
• How to find these gems of properties
• What a condo conversion is
• The average cost for condo conversion with an attorney
• How he sets the HOA up
• How to tell if a property is good for conversion
• Thoughts on keeping a day job while investing
• How to find reliable contractors
• What’s next for Ricky
• And SO much more!

Links from the Show

• BiggerPockets Marketplace
• BiggerPockets Forums
• BiggerPockets Pro
• BP Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager
• East Boston Project (Forum Post by Ricky)
• BiggerPockets Analysis
• How I Built This Podcast
• Mindy’s Twitter Account

Books Mentioned in this Show

• Flipping Confidential by Kirsten Kemp

Tweetable Topics:

• “Let the experts do what they do well, and you can do what you do well.” (Tweet This!)
• “If a property has a major foundation issue, your profits can just disappear.” (Tweet This!)
• “Don’t say ‘I can’t.’ Instead, figure out a way to do it.” (Tweet This!)

Connect with Ricky

• Ricky’s BiggerPockets Profile
• Ricky’s Website
• Ricky’s Instagram Profile
• Ricky’s Facebook Page

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Some investors buy a single house. Some buy a small multifamily. But today on The BiggerPockets Podcast, we sit down with someone who jumped into real estate in a much bigger way! Joel Sherlock is an investor from Canada who put together a $30 million dollar fund to buy real estate in America. You’ll learn why he went this route and how you can follow a similar strategy in your own business. You’ll also learn about Joel’s entrance into the world of commercial real estate, including the pros and cons of that niche.

In This Episode We Cover:

• How Joel started real estate back in college
• Why he eventually moved his investing in Canada to America
• How he was able to come up with $32 million in funds
• What a “hurdle rate” is
• Why he considers his model to be conservative 
• The kind of properties he’s buying
• Why he chose Scottsdale
• Innovative strategies for finding deals
• How he “trades deals“
• How to get fixed-priced bids from contractors
• Why he’s made the move to commercial real estate
• Why people avoid commercial real estate
• How to evaluate strip malls
• Tips for analyzing commercial deals
• Future plans for his business
• And SO much more!

Links from the Show

• We are hiring!
• BiggerPockets Forums
• Bond
• BP Podcast 047: Apartment Complexes, NNN Leases, and Commercial Real Estate with Joel Owens

Books Mentioned in this Show

• The Millionaire Real Estate Agent by Gary Keller
• Shift by Gary Keller
• Think and Grow Rich by Napoleon Hill
• The Saint, the Surfer, and the CEO by Robin Sharma

Tweetable Topics:

• “It’s exactly the same thing, there is just more zeroes.” (Tweet This!)
• “In the real estate sales world, as soon as you stop selling, you stop stop making money.” (Tweet This!)
• “Getting started is the key. You don’t have to be great to start but you have to start to be great.” (Tweet This!)

Connect with Joel

• Joel’s BiggerPockets Profile
• Joel’s Website
• Joel’s Company Website

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If there is one thing you can know for sure by listening to the BiggerPockets Podcast, it’s this: There are a LOT of ways to invest in real estate! That’s why we’re excited to bring you today’s interview with Noah Kagan, who invests in a different way than most of the guests we’ve had on the show. Noah currently runs several very successful internet businesses (SumoMe and AppSumo) and knew he didn’t want to be a landlord; Noah knows his best return is made in his business. Therefore, he devised his investing strategy around NOT being the landlord. Noah is a wealth of information and one of the most motivating humans we’ve ever met. So sit back and enjoy today’s episode with Noah!

In This Episode We Cover:

• Who Noah Kagan is and how he got into real estate investing
• What keeps newbies from buying their first investment properties
• The ROI of other businesses as compared to real estate investing
• A discussion on the 1% rule
• Thoughts on whether a commercial property is a good first investment
• Why you should find experienced real estate investors in your area
• Tips for growing your capital
• How Noah finances his deals
• What you should know about asking other people for money or syndication
• Why you should stop apologizing for being successful
• How to grow your network
• When should you stop learning and start doing
• The importance of knowing where do you want to be in 5 years
• Why you should visualize the destination
• And SO much more!

Links from the Show

• BiggerPockets Forums
• SumoMe
• AppSumo
• BiggerPockets Webinar
• BiggerPockets Facebook Page
• RealtyShares
• PeerStreet
• Where’s my money? (Blog Post)
• Noah’s Spreadsheet
• BP Podcast 204: Flipping 30+ Deals by Age Twenty-Five with Chris Gill
• BiggerPockets Event Forums
• Chess

Books Mentioned in this Show

• The Book on Investing with Low or No Money Down by Brandon Turner
• The Miracle Morning by Hal Elrod
• The Obstacle Is the Way by Ryan Holiday
• The Ultimate Sales Machine by Chet Holmes
• Confessions of a Real Estate Entrepreneur by James Randel

Tweetable Topics:

• “It took me 10 years to actually be ready, not financially but mentally, to make that decision, to make that purchase.” (Tweet This!)
• “The best deals happen off-market.” (Tweet This!)
• “I think the trait of a successful person is resourcefulness.” (Tweet This!)
• “If you want to find someone else to help you, you have to help someone else.” (Tweet This!)

Connect with Noah

• Noah’s BiggerPockets Profile
• Noah’s Website
• Noah Kagan’s Present Podcast
• Noah’s Keynote Speech at Fincon 2016

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