BiggerPockets Real Estate Podcast

How much does it cost to buy a large apartment complex? Millions? Think again! On today’s episode of The BiggerPockets Podcast, we’re excited to welcome back Brian Murray to the show. Brian, who was last seen on episode 126, has done some pretty amazing things over the past several years — including purchasing a 115-unit property that cost him nothing out of pocket (and, in fact, he walked out of closing with a massive check!). Whether you are looking to buy one house or a 100-unit property, this podcast will inform, motivate, and inspire you to massive action.

In This Episode We Cover:

• What Brian has been doing since his last episode
• The definition of “value-add” in real estate
• Different ways to add value to a property
• The story of how he turned an old motel into studio apartments
• How Brian gets his tenants and the kinds of screening he uses
• Why he focuses on keeping rents low
• The location of these rentals
• Why you should consider the “transient work force”
• Details on how he got this deal
• A discussion on raising money and working with partners
• Tips for finding properties
• How to handle agents and brokers
• The story of the 115-unit Section 8 apartment complex
• How a HUD contract crushed him
• Whether you should consider managing a HUD property or not
• How Brian sold the property for $3.2 million
• His advice for aspiring investors
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BP Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray
• How I Bought a 115-Unit Apartment Complex with NO CASH
• Path to Purchase
• Loopnet
• Jay Hinrich’s BiggerPockets Profile
• Bill Gulley’s BiggerPockets Profile
• Pioneer Woman Cookbook

Books Mentioned in this Show

• Crushing It in Apartments and Commercial Real Estate by Brian H Murray
• The Book on Rental Property Investing by Brandon Turner
• The Obstacle Is the Way by Ryan Holiday

Tweetable Topics:

• “It’s about the journey and I definitely don’t want to feel that I’m lock into something, like some arbitrary number.” (Tweet This!)
• “You don’t want to take on more debt than you can handle.” (Tweet This!)
• “If somebody says no, don’t give up. Try somebody else. Keep trying.” (Tweet This!)

Connect with Brian

• Brian’s BiggerPockets Profile
• Brian’s LinkedIn Profile

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What’s the best way to invest in real estate when the numbers don’t make sense in your backyard? Today on the BiggerPockets Podcast, we sit down with Bob Malecki, a real estate investor who started by purchasing local rental properties but quickly shifted gears into two other niches: out of state rentals and mortgage notes. In this episode, Bob explains why he chose to make the switch and walks listeners through the step-by-step process for getting started investing outside your backyard!

In This Episode We Cover:

• How Bob got started in real estate
• What a ROTH IRA is
• What to do when you’ve got a chunk of money to invest
• How to choose the right turnkey company
• Thoughts on using leverage to acquire properties
• Why he decided to transition to notes
• What exactly non-performing notes are
• A discussion on notes vs. rentals
• The risks of investing in notes
• What you should know about due diligence
• Where to find notes to invest in
• The value of building relationships
• What the future looks like for Bob
• And SO much more!

Links from the Show

• BiggerPockets Forums
• Sunwest Trust Inc.
• Notes funds for individual investors. What are the best players? (Forum Post)
• Tax, Legal Issues, Contracts, Self-Directed IRA (Forum Category)
• MemphiesInvest
• RealtyTrac
• WeGoLook

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert T. Kiyosaki
• Equity Happens by by Robert Helms & Russell Gray
• The Magic of Thinking Big by David J. Schwartz
• Secrets of the Millionaire Mind by T. Harv Eker

Tweetable Topics:

• “Nothing in the world is guaranteed.” (Tweet This!)
• “Assume nothing and document everything.” (Tweet This!)
• “If you don’t take actions, you can’t take a risk and you won’t make mistakes. Mistakes are necessary.” (Tweet This!)

Connect with Bob

• Bob’s BiggerPockets Profile
• Bob’s Website
• Email Bob

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Can a single real estate deal change your life? Definitely! That’s the topic on today’s “newbie episode” of the BiggerPockets Podcast, where we sit down for several interviews with real estate investors who have just purchased their first deal. In the first interview, you’ll hear how Sunny and SunMarie Burnsused a fantastic “house hack” to invest in an extremely high-priced area. In the second interview, you’ll hear how Sam Valme was able to house-hack his home into a vacation rental that throws off massive cash flow each month. These stories are incredibly inspiring and full of tips that can help new AND experienced investors achieve more in their business!

In This Episode We Cover:

Sunny and SunMarie’s Segment:

• How Sunny got hooked to the podcast
• Why you should consider buying a fourplex as a first property
• How to find these deals
• Thoughts on the competitiveness of the real estate market
• How to use house hacking to earn extra cash
• Why you should always look out for holding costs
• How real estate helped Sunny and his family

Sam’s Segment:

• How his mom unknowingly gave him a ticket to real estate investing
• How he turned the basement into a rental unit
• Tips for making the financing work on a deal like this
• Why he used an FHA 203K for financing
• The benefits of using Airbnb to rent your property
• How to price Airbnb rentals the right way
• How to use electronic locks and automate the process
• His worst tenant experience ever
• And SO much more!

Links from the Show

• BiggerPockets Member’s Blogs
• WellsFargo
• BiggerPockets Forums
• Schlage Door Locks
• BiggerPockets Webinar
• BiggerPockets Analysis
• Ultimate Beginner’s Guide to Real Estate Investing

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert T. Kiyosaki
• The ABCs of Real Estate Investing by Ken McElroy
• The Millionaire Real Estate Investor by Gary Keller
• The E-Myth Revisited by Michael E. Gerber
• Outwitting the Devil by Napoleon Hill
• The ONE Thing by Gary Keller and Jay Papasan
• The Book on Managing Rental Properties by Brandon and Heather Turner

Tweetable Topics:

• “House hack and get your tenants to pay your rent, mortgage, and taxes.” (Tweet This!)
• “Hard work just isn’t enough. You need to figure out the why.” (Tweet This!)
• “Imagine your perfect day and then, work backwards from there.” (Tweet This!)
• “It’s better to fail 50 times trying to figure out what you want to do than to sit back for an entire year thinking about it.” (Tweet This!)

Connect with Sunny

• Sunny’s BiggerPockets Profile
• Sunny’s Website

Connect with Sam

• Sam’s BiggerPockets Profile
• Sam’s Website
• Facebook Profile
• Twitter Profile
• Instagram
• LinkedIn
• Customer Results Property Management

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Is small thinking holding you back? Not after this episode! Today on the BiggerPockets Podcast, Josh and Brandon talk with Kevin Carroll, a real estate investor who decided 18 months ago that he wanted to start flipping houses… and has done 83 flips in the past year and a half! Perhaps most impressively, Kevin did most of these flips out of state utilizing strategic partnerships — a strategy that just might change the way you think about real estate forever. Sit back and prepare to have your mindset expanded and let “big thinking” take over.

In This Episode We Cover:

• How Kevin went from a straw-built house to flipping 1,000 houses
• What a bank-owned product is
• How he built a system that works
• What you should know about probates
• How to think like an investor instead of an agent
• Things that could screw up a deal
• The two components that make a deal successful
• Why you should consider holding costs
• Buying properties offsite
• Insight on quality control and scaling the business
• How to stay ahead of the flip
• Why he partners with real estate agents
• Why his partners need him
• His favorite deals and why
• The bad deals he’s encountered
• Thinking big when it comes to setting targets
• Who your friends are so important
• And SO much more!

Links from the Show

• Path to Purchase (visit your dashboard)
• BiggerPockets Forums
• Gobundance

Books Mentioned in this Show

• The Real Book of Real Estate by Robert Kiyosaki
• The Millionaire Real Estate Agent by Gary Keller
• The Millionaire Real Estate Investor by Gary Keller
• The E-Myth Revisited by Michael E. Gerber
• MONEY Master the Game by Tony Robbins
• A Journey to Financial Independence by Kevin Carroll

Tweetable Topics:

• “Everything is based on relationships.” (Tweet This!)
• “I’d rather spend $2,000 more and get the flip done a week sooner.” (Tweet This!)
• “One of the important things you can do for a contractor is to pay them immediately.” (Tweet This!)
• “Who you hang out with will dictate your level of income, your level of success.” (Tweet This!)

Connect with Kevin

• Kevin’s BiggerPockets Profile
• Kevin’s Website (with his spreadsheet)

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Most people begin their real estate investing with a small single family purchase. Some even start with a duplex or triplex. But today’s guest on the BiggerPockets Podcast skipped the intro phase and jumped right into a 41-unit property early in his 20s! Today, you’ll learn how Jack Baczek used a strategy not before mentioned on the podcast to invest in 41 units, as well as his transition to mobile home park investing (and why that niche ROCKS). Jack’s story is truly inspirational, and you’ll walk away from this interview inspired, entertained, and pumped up to take massive action on your own business!

In This Episode We Cover:

• How Jack got started with real estate
• How he stumbled upon what ended up his first deal at age 21
• What exactly a fractured condo is
• How he found his first deal of 21 units
• How he financed this huge deal
• A warning against hiring the wrong property manager
• How having parents who invest in real estate affected him
• Why he sold the 41-unit property
• Why he made the shift to mobile home parks
• What a mobile home park deal looks like
• Reasons to invest in mobile home parks
• The changes he made to the park to make it rent-ready
• Why there’s a bad stigma on mobile parks
• Why Jack fell in love with direct mail marketing
• The downsides of owning a mobile home park
• Where is he now in terms of scaling his business
• What an assignment fee is
• Tips for trying to read the market
• What the next five years look like for Jack
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Webinar
• BiggerPockets Podcast
• BiggerPockets Keyword Alerts
• BP Podcast 111: A Unique (and Profitable) Real Estate Niche You’ve Probably Never Considered with Jefferson Lilly
• BP Podcast 195: Partners, College Town Rentals, & Mobile Home Parks with Rudy Curtler
• BP Podcast 075: Mobile Home Investing and Getting Started With John Fedro 9
• Loopnet
• CraigsList
• Dreamwork Trolls: Sing With Us

Books Mentioned in this Show

• Emerging Real Estate Markets by David Lindahl
• 30 Days of Successful Due Diligence on Mobile Home Parks by Frank Rolfe & Dave Reynolds
• The Intelligent Investor by Benjamin Graham

Tweetable Topics:

• “I think having a good market is really important.” (Tweet This!)
• “I think it’s important to really focus on good deals with value add and upside.” (Tweet This!)
• “If you get a mediocre deal, chances are it could go sour. I’d rather try and find something that looks really promising.” (Tweet This!)

Connect with Jack

• Jack’s BiggerPockets Profile
• Jack’s Website

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Real estate investors wear a lot of hats, especially in the beginning: contractor, bookkeeper, receptionist, and more. But if you truly want to grow your business, you must do LESS. At least, that’s the message you’ll hear today on The BiggerPockets Podcast, where Josh and Brandon sit down with real estate investor Devin Elder about how he’s been able to scale his business by doing fewer and fewer tasks. You’ll learn how he went from a single family rental in 2012 to buying multiple properties each month. We cover the topic of BRRRR investing, fix and flipping, using private lenders, getting started with no money, and lots more. Stay tuned for this powerful episode!

In This Episode We Cover:

• How Devin got started into real estate
• How he got a mentor to help him get his first deal
• What exactly equity capture is
• Why the BRRRR strategy is so nice
• Thoughts on his market, San Antonio
• Devin’s main focus as a real estate investor
• How his business works
• The importance of creating systems and not doing things you don’t enjoy
• Why you shouldn’t reinvent the wheel 
• How he decides if he flips, holds, or wholesales a property
• How he finds his deals
• How to figure out if someone is fudging the numbers
• The mechanics of his marketing
• The story of a deal that went wrong
• What makes him proud about how he does business
• The name that comes to mind if he heard the word “inspiration“
• What the future looks like for Devin
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Webinar
• BiggerPockets Podcast
• Buildium
• Investor Carrot
• Tim Ferriss’ Podcast

Books Mentioned in this Show

• The Book on Rental Property Investing  by Brandon Turner
• The Book on Flipping Houses by J. Scott
• Investing with No or Low Money Down by Brandon Turner
• The Book on Tax Strategies by Amanda Han
• 80/20 Sales and Marketing by Perry Marshall
• Rich Dad Poor Dad by Robert Kiyosaki
• The Millionaire Real Estate Investor by Gary Keller
• Elon Musk by Ashlee Vance

Tweetable Topics:

• “Rental income wasn’t making me wealthy, but it was paying my bills.” (Tweet This!)
• “It’s about creating systems, getting software, and not spending time on activities that you don’t enjoy.” (Tweet This!)
• “Nothing happens without some revenue.” (Tweet This!)
• “Use your hustle to create some kind of value and then from there take the next best step.” (Tweet This!)

Connect with Devin

• Devin’s BiggerPockets Profile
• Devin’s Website
• Devin’s Company Website – We buy houses San Antonio

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Two years ago, Joe England was just a full-time military guy, dreaming about financial freedom. Now, he’s done over 20 deals and is taking massive action to create an incredible future for himself. On this episode of the BiggerPockets Podcast, we dive deep into Joe’s story and learn how taking massive action has helped him build his portfolio — despite being deployed overseas the majority of the time.

In This Episode We Cover:

• How Joe learned about real estate from infomercials and BiggerPockets
• Why he needs power of attorney
• Important books he’s read
• How he started investing while still deployed in Iraq
• How he landed 22 properties in just 10 months
• What exactly a rent-ready property is
• What kind of properties he invests in
• How he finances these deals
• Joe’s end goal and his “why”
• The state of the real estate market in Baltimore
• How to NOT be a slumlord
• How he manages his properties
• His experiences with bad property managers
• How to find properties on the MLS and Zillow
• The strategy of putting an offer on everything he sees
• His advice for the military
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Webinar
• BiggerPockets Podcast
• BP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
• BP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat
• BiggerPockets Bookstore
• Zillow
• Landlords: 8 Tips for Hiring the Best Property Manager (blog)
• Investing in American Real Estate While Serving in the US Military (blog)
• BiggerPockets Analysis
• Advertise with BiggerPockets
• BP Podcast 014 : Cash Flow, Creative Finance, and Life with Ben Leybovich

Books Mentioned in this Show

• BiggerPockets Ultimate Beginner’s Guide to Real Estate Investing
• The Book on Rental Property Investing  by Brandon Turner
• The Book on Flipping Houses by J. Scott
• Investing with No or Low Money Down by Brandon Turner
• The 10X Rule by Grant Cardone
• Ego Is the Enemy by Ryan Holiday
• The One Thing by Gary Keller

Tweetable Topics:

• “When doing an offer, if you are not embarrassed by your offer, it’s too high.” (Tweet This!)
• “Real estate is kinda like an accidental pregnancy. At the end of the day, you’ll figure it out.” (Tweet This!)
• “You can measure success by creating new problems.” (Tweet This!)

Connect with Joseph

• Joseph’s BiggerPockets Profile
• Email Joseph

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How does one transition from doing simple houses to more complex deals? That’s the topic on today’s episode of the BiggerPockets Podcast, where we sit down once again with Jered Sturm, a real estate investor from the Midwest who’s made the transition from doing all his own work on single family houses to purchasing larger properties. In this episode, we dig in deep on the purchase of his newest 42-unit apartment complex and the unique “value-add” ideas he discovered that made this property a home run!

In This Episode We Cover:

• A quick recap on how Jered got started in this game
• What market is he in and how it changed over the last couple of years
• Why he moved his investing from Cincinnati to Atlanta
• How he uses partnerships to manage different markets
• Tips for funding using other people’s money
• The goal that led to using syndication
• Self-fulfillment rather than just buying more
• The importance of figuring out your “why“
• How he has the discipline to not spend their quadrupled income
• Why you should separate out the “business income”
• How he found his 42-unit apartment complex
• Tips on managing cold calling 
• What criteria was he looking for
• The advantages of having dedicated water lines for the units
• The beauty of adding value to properties
• What exactly a resident manager is
• Why building structures made the difference in their business
• How he financed this multifamily deal
• Using the BRRRR strategy on large multifamily
• And SO much more!

Links from the Show

• BP Podcast 124: Building a Real Estate Empire At a Young Age with Jered Sturm
• BiggerPockets Forums
• BiggerPockets Webinar
• BiggerPockets Podcast
• What Sets Apart Successful Real Estate Investors From Those Who Fail, Quit, or Never Get Started? (blog)
• BP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
• BP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat
• Buildium
• BiggerPockets Bookstore

Books Mentioned in this Show

• The Book on Rental Property Investing  by Brandon Turner
• The Book on Managing Rental Properties by Brandon Turner and Heather Turner
• Traction by Gino Wickman
• E-Myth Revisited by Michael E. Gerber

Tweetable Topics:

• “Self fulfillment is how can you be the best you can be while also helping others be the best they can be.” (Tweet This!)
• “We’ve over prepared for the future, and even though we’re still pretty small, we’re running like a large company.” (Tweet This!)
• “Management makes or break the investment.” (Tweet This!)

Connect with Jered

• Jered’s BiggerPockets Profile
• Jered’s BiggerPockets Author Profile
• Jered’s Company Website

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Today on the BiggerPockets Podcast, you’ll hear from Chris Gill, a real estate investor in the San Antonio market who has only been investing for three years but has already done over 30 deals — mostly fix and flips. On this episode, we walk through Chris’s unique journey, including his initial four-plex rental property and his path toward flipping “the worst houses in the area.” And don’t miss Chris’s fantastic tip for finding deals that no one on the BiggerPockets Podcast has mentioned yet!

In This Episode We Cover:

• How he transitioned from film to real estate
• Whether or not you should get your real estate license
• What Chris’s first deal looked like
• The things he wished he knew before he started investing
• Why properly screening tenants is vital
• Tips for creating a great team
• How he manages his properties
• How he does his bookkeeping
• Tips for transitioning to house flipping
• His criteria for finding deals
• How he estimates his rehabs
• Tips for evaluating a house to rehab
• How he funds his deals
• What he’s doing on the development side of real estate
• What’s unique about the San Antonio market
• How to find the sweet spot between too much and too little improvement
• What his end game looks like
• And SO much more!

Links from the Show

• Trello
• BiggerPockets Forums
• BiggerPockets Webinar
• BiggerPockets Podcast

Books Mentioned in this Show

• Rich Dad’s Advisors: The Advanced Guide to Real Estate Investing by Ken McElroy
• Rich Dad Poor Dad by Robert Kiyosaki
• The Book on Flipping Houses by J. Scott
• The Everything Store: Jeff Bezos and the Age of Amazon By Brad Stone
• The Snowball: Warren Buffett and the Business of Life by Alice Schroeder

Tweetable Topics:

• “If you want scalability, if you want to go anywhere else, you have to find something that allows you that.” (Tweet This!)
• “Just because you’re not good at something does not mean it’s not important.” (Tweet This!)
• “Be aware of overanalyzing stuff because that will happen forever if you allow it.” (Tweet This!)
• “Becoming comfortable with the unknown is huge, and I think in real estate that’s absolutely the case.” (Tweet This!)

Connect with Chris

• Chris’s BiggerPockets Profile
• Chris’s Facebook Page
• Chris’s Instagram Profile
• Chris’s Twitter Profile
• Chris’s Youtube Channel
• Snapchat: ChrisFGill
• Chris’s message to BP community

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When learning how to invest in real estate successfully, most people struggle finding four things: mentors, contractors, deals, and funding. That’s why today we’re excited to bring back Matt and Liz Faircloth onto The BiggerPockets Podcast to talk about how they find each of these! Matt and Liz (who were on episode 88) join us today as we dive deep into solving many of the problems that new investors struggle with. They also share the difficult story of how they recently shut down a major arm of their business and why it was the best move for them. Finally, Matt and Liz delve into the recent purchase of their 49-unit apartment building, offering some unique tips that will help you find and fund your next big deal!

In This Episode We Cover:

• A recap of who Matt and Liz are
• Why they purchase a combination of flips and rentals
• What their “why” for investing in real estate is
• How many deals they look at
• A discussion on paying someone by the hour vs. by the job
• The do’s and don’ts of finding partners through BP
• How to “scale back“
• How to find good, quality contractors
• Tips for dealing with bad contractors
• How they got into rental units
• The details of their 49-unit apartment complex
• How they were able to finance a $3.4 million deal
• A tip for finding property managers
• Why they give away flat screen TVs each year to their tenants
• And SO much more!

Links from the Show

• BP Podcast 129: Live-in Flips, Frugality, and Finance with Mindy Jensen
• BP Podcast 088: Investing with Your Spouse, Managing Financials, and Growing Your Team with Matt and Liz Faircloth
• Cashflow Board Game
• BiggerPockets Forums
• Brandon’s Contractor Bid Form (file)
• BiggerPockets Webinar
• BP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
• 3 Lessons I Learned by Closing on a 49-Unit Apartment Building (article)
• Property Manager Checklist: 7 Vital Tasks to Keep Tenants Happy & Paying (article)
• AppFolio
• RentManager
• My First Flip & Fix: Termites, Hauntings & A Foundation of Dirt (article)

Books Mentioned in this Show

• The 4-Hour Workweek by Timothy Ferriss
• Rich Dad Poor Dad by Robert Kiyosaki
• The Book on Flipping Houses by J. Scott
• The 10x Rule by Grant Cardone
• Rich Dad’s Advisors: OPM by Michael A. Lechter & Robert Kiyosaki
• Down To Earth Landlording by Donald Beck
• Scaling Up by Verne Harnish
• As a Man Thinketh by James Allen

Tweetable Topics:

• “You’ve got to have a really solid ‘why.’” (Tweet This!)
• “Sometimes you need to step back and ask yourself, ‘What am I really good at?'” (Tweet This!)
• “If you got a good horse, keep running with it.” (Tweet This!)
• “What you think is who you are.” (Tweet This!)

Connect with Matt & Liz

• Matt’s BiggerPockets Profile
• Liz’ BiggerPockets Profile
• Matt & Liz’ Company Website
• Landlord Chronicles Youtube Channel

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

Most people dream of getting out of the “rat race,” quitting their day job, and living on passive income sources. However, usually that’s just wishful thinking. But today, we’re excited to introduce you to a real estate investor who did just that using rental properties, and he explains just how he did it. You’ll learn how our guest, Mark Walker, used single family houses at first to begin building his portfolio, and how his passive income really took off when he switched to multifamily. And you’ll love the in-depth discussion on exactly how he acquired his 64-unit apartment building!

In This Episode We Cover:

• How Mark got started with a duplex that yielded a 36.5% cash on cash return
• Tips for shifting from developments to rentals
• Why he doesn’t want anything to do with property management
• Why it’s a matter of finding the right financing
• The basics to know about amortization and cash and cash return
• How to partner with the right people along the way
• How he finances his deals
• How he structures his partnerships
• The difference between conventional and commercial loans
• How he ended up partnering on a deal with a property manager
• How he knew that it was the right time to quit his job
• Tips on job shadowing someone with great experience
• Details on his 64-unit deal
• What you should know about syndication
• How much time he is spending on his business
• And SO much more!

Links from the Show

• BiggerPockets Bookstore (Black Friday Sale!)
• Mindy Jensen’s BP Profile 
• Mr Money Moustache
• BP Podcast 201: Flipping 100+ “Zombie” Houses with Justin Stamper
• BiggerPockets Webinar
• Quickbooks
• Dancing with the Stars

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert Kiyosaki
• Best Real Estate Investing Advice Ever by Joe Fairless

Tweetable Topics:

• “I’m the guy who likes to say yes. I don’t like saying no. I let somebody else do that for me.” (Tweet This!)
• “It’s been a pleasant surprise for a multifamily owner. Once you get that property stabilized, it can go to autopilot.” (Tweet This!)
• “Never stop learning. Learning leads to action, and action leads to success.” (Tweet This!)
• “Do your first deal and learn from it. Ask yourself what’s working, what’s not working, and what can improve.” (Tweet This!)

Connect with Mark

• Mark’s BiggerPockets Profile
• Mark’s Company Website
• Free gift for BiggerPockets’ listeners

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Dead “zombie” houses are everywhere — just waiting for you to bring them back to life if you are willing to take the risk! That’s the story we dive deep into today on the BiggerPockets Podcast when we sit down with reality TV star Justin Stamper, a real estate investor from the Orlando, FL market who has a fascinating and inspiring story of rising up from near financial ruin to become one of the most prolific investors in his market. You’ll learn how his “punk rock” attitude has given him a unique perspective on his investing and how he has been able to flip over 100 “zombie” homes (and wholesale over 200 other deals!) in the past several years. After listening to this show, you’ll be inspired, motivated, and educated enough to tackle your next zombie house!

In This Episode We Cover:

• What is “zombie” house flipping and how does Justin do it?
• The merits of buying really gross dilapidated properties
• How Justin got into real estate
• Why he starting by buying at auction
• What motivated him to start in real estate despite having lost a house
• How the recession affected families, especially in Orlando
• How Justin renovates one to two houses a week via the courthouse
• How to use a hedge fund to get a line of credit
• A unique strategy to help people regain their houses
• How to grow by helping people
• Details on buying via auctions
• Things to take note of before buying an auctioned property
• How many renovations has he done
• What it is like buying a “suicide house“
• The properties that he doesn’t renovate
• How he’s finding deals in his market
• And SO much more!

Links from the Show

• BiggerPockets’ Youtube Channel (don”t forget to subscribe!)
• BiggerPockets Videos
• Ken Corsini’s Show ‘Flipping the South’
• Ken Corsini’s BP Profile
• BP Podcast 089: From High School Dropout to 300+ Real Estate Deals with Engelo Rumora

Books Mentioned in this Show

• The Book on Flipping Houses by J. Scott
• The Book on Investing with Low or No Money Down by Brandon Turner

Tweetable Topics:

• “Now it’s time to fight the good fight.” (Tweet This!)
• “If you want the deals, you got to hustle.” (Tweet This!)
• “America rewards the persistent.” (Tweet This!)

Connect with Justin

• Justin’s BiggerPockets Profile
• Zombie House Flipping
• Highest and Best Clothing
• Justin’s Company Profile
• Justin’s Personal Website
• Justin’s Twitter Handle

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Welcome to the BiggerPockets Podcast show 200! We wanted to create a show that we could point people to in the future as an ultimate resource for building their real estate investment business. If you are new, this will give you a step-by-step plan. If you are experienced, it will help you systematize your business better and pick up new ideas to streamline how you buy properties. These tips were obtained from the community in a recent Forum thread Josh started.

In This Episode We Cover:

• Commit
• Gain Knowledge
• Get Your Life in Order
• Decide on What You Want With Your life
• Decide What Niche/Strategy is Going to Get You There
• Set Your Goal(s)
• Choose Your Farm Location
• Figure Out Your Financing
• Get Your Core Team Together
• Start Looking for Deals
• Estimate Rehab Budget
• Run the Numbers
• Review Your Numbers With Someone
• Make the Offer
• Negotiate and Get It Under Contract
• Manage the Due Diligence Process
• Keep Yourself Organized
• Buy the Property
• Manage the Property or Rehab
• Stick Close to BiggerPockets for Every Step of This process

Connect with Brandon and Josh

• Josh’s BiggerPockets Profile
• Brandon’s BiggerPockets Profile

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Real estate investing is no longer just for older generations! Today on the BiggerPockets Podcast, we sit down with Houssein Al-Eidan, an accountant from the St Louis area who has purchased 25 rental units — and he’s just turning 25 years old this month! You’ll hear Houssein’s unique strategy of buying lower-price properties (many from auctions) and using a variety of strategies to increase his returns (including AirBnB and even leaving some properties vacant!). This show is bound to leave you inspired to expand your own real estate portfolio — no matter what age you are.

In This Episode We Cover:

• How Houssein found BiggerPockets
• How he relocated from Kuwait to St. Louis (and why)
• How he discovered real estate through TV shows
• What his first deal was like
• How he dealt with a complicated foreclosed property with an existing tenant
• The total number of deals he’ve done so far in the past year
• How his numbers look for his condo units
• What his game plan is after buying so much property
• How he funds these properties through seller financing
• The importance of understanding the seller’s motivation
• Tips on Airbnb properties
• How be built a team for delegation
• A word of caution in this type of investing
• And SO much more!

Links from the Show

• Scott’s Twitter Account
• BiggerPockets Jobs
• Flip or Flop
• BiggerPockets Podcast on Youtube
• Auction.com
• Zillow

Books Mentioned in this Show

• The Book on Investing with Low or No Money Down by Brandon Turner
• The Effortless Empire by Chris Gray
• How to Win Friends & Influence People by Dale Carnegie

Tweetable Topics:

• “The first purchase may not be always be the best.” (Tweet This!)
• “Once you understand the seller’s motivation, from there you can customize a plan.” (Tweet This!)

Connect with Houssein

• Houssein’s BiggerPockets Profile

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

How many rental units does it take to achieve “financial freedom?” Maybe not as many as you think! That’s the topic on today’s episode, where Josh and Brandon sit down to talk with Eric Bowlin, a real estate investor who achieved financial freedom at the age of 30, largely using the “BRRRR” strategy to finance his deals. Eric owns fewer than 30 units but was able to “retire” off the cash flow — and today, you’ll learn just how he did it (and how you can do the same). You’ll also love his tips on how to find great deals on the MLS and how to manage your properties — even if you don’t live close by. Be sure to take some notes on this one — you are going to need them!

In This Episode We Cover:

• How Eric started accidentally in real estate
• His epiphany moment!
• What it’s like earning overseas
• Things that cost him money on his early flips
• A note on dealing with contractors
• Why every market is unique
• How he put together his team
• Tips for finding contractors
• How many units he has now
• How to systematize your business
• Using the BRRRR strategy
• How he finds his deals
• How to tell if a property has tenant problems
• His best deal ever
• His most recent multifamily property
• And SO much more!

Links from the Show

• BRRRR Strategy
• BiggerPockets Webinar
• BiggerPockets Blogs
• 4 Reasons You’ll Never Find a Good Contractor (Insight From an Investor/Contractor) (blog)
• BiggerPockets Pro Replay
• BiggerPockets Pro
• BiggerPockets Forums
• Ultimate Beginner’s Guide to Real Estate Investing
• Josh’s Twitter Account
• Brandon’s Twitter Account
• BP Podcast 007: Making Appraisals Work For You with Ryan Lundquist

Books Mentioned in this Show

• Rich Dad, Poor Dad by Robert Kiyosaki
• The Successful Landlord by Maribeth Perry
• The Psychology of Selling by Brian Tracy

Tweetable Topics:

• “I just realized, I wanted people coming to me to pay me versus me trying to get money for somebody else.” (Tweet This!)
• “I didn’t know about financial independence when I first got started.” (Tweet This!)
• “A person only earns plus or minus 10% of what they think they’re worth.” (Tweet This!)

Connect with Eric

• Eric’s BiggerPockets Profile
• Eric’s Twitter Profile
• Eric’s Website
• Eric’s BiggerPockets Author Profile

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Get ready to be inspired, amazed, and blown away with today’s BiggerPockets episode! Today on the show we’re sitting down with Chris Heeren, a real estate investor from Wisconsin who’s absolutely crushing it with his rental property investing. In just the past three years, Chris has built a massive portfolio of houses and small multifamily properties — and he did it with just over $10,000 to start AND while working full-time. Packed with tips, stories, and incredible advice, this show will completely revolutionize the way you run your real estate business forever and prove — once and for all — that anyone can succeed no matter their situation. Listen up!

In This Episode We Cover:

• Who exactly Chris is
• How be obtained 52 units in 3 years
• The story behind his first duplex
• Tips for using the BRRRR strategy
• How he found ways to fund his deals
• The process he used to create teams to help his investing
• Quick tips for being persistent
• How to counter-offer
• How he finds and offers on deals via the MLS
• Advice for buying properties while working a full-time job
• His average purchase price
• How he uses direct mail marketing
• How to find great property managers
• Chris’s $8,000 mistake
• What the next 6 months look like for him
• And SO much more!

Links from the Show

• Want to be a Podcast guest?
• BRRRR Strategy
• BiggerPockets Webinar
• BiggerPockets Blogs
• How to Create Your Own Handwritten Font For Free (For Direct Mail Marketing) (blog)
• BiggerPockets Portfolio
• BP Podcast 117: Maximizing Productivity to Get Things Done with David Allen
• BP Podcast 125: The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber
• BiggerPockets Analysis Tools

Books Mentioned in this Show

• Rich Dad, Poor Dad by Robert Kiyosaki
• Landlording on Auto-Pilot by Mike Butler
• The E-Myth Revisited by Michael E. Gerber
• Getting Things Done by David Allen

Tweetable Topics:

• “There’s always a way. You just have to be determined, be motivated, and not give up.” (Tweet This!)
• “I’d rather have half of the deals out there than none of the deals because I didn’t start.” (Tweet This!)
• “If you don’t learn from your mistakes, you’ll never grow in the future.” (Tweet This!)

Connect with Chris

• Chris’ BiggerPockets Profile

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What has five letters but causes so much fear that millions of wannabe investors never get started? That’s right: TAXES. But taxes don’t need to be scary — and understanding and utilizing the tax system can actually help grow your business and help you build incredible wealth. That’s why we’re excited today to sit down with Brandon Hall, a CPA and real estate investor who works exclusively with real estate investors to help them strategize and organize their business in the most cost-saving way possible. We cover Brandon’s real estate journey, including house hacking, LLCs, S-Corps, bookkeeping, and so much more. You’ll love Brandon’s engaging and entertaining personality, and for once in your life, you might even enjoy learning about taxes!

In This Episode We Cover:

• How Brandon realized the need for a CPA through the BP community
• How he grew his firm through the BiggerPockets Forums
• The importance of giving value to others
• The details on his three-unit property
• Tips for hiring a “leverage property manager”
• How to find investors in your community
• The details on his second triplex
• Why he focuses on multifamily
• How he funds his deals through FHA loans
• The way he looks at PMI
• A mistake he is guilty of when it comes to inherited tenants
• Training your tenants and other management hacks
• The tax benefits of house hacking
• Mistakes he’s made in his real estate investing
• Tips for finding a good CPA
• Advice for those deciding whether to use an LLC or not
• What you should know about LLCs
• Things to know about the “real estate professional” tax designation
• When to hire a bookkeeper
• Common mistakes investors make with taxes
• And SO much more!

Links from the Show

• BiggerPockets Meet
• BiggerPockets Webinar
• BiggerPockets Forums (with new leader feature)
• BiggerPockets Bookstore
• BP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat
• Xero
• Quickbooks
• The Tax Implications You MUST Understand Before House Hacking (blog)
• Looking to Invest Out-of-State? Here’s How to Pick and Analyze a City (blog)
• The Importance of Reserve Accounts (Or What a Surprise Roof Replacement Taught Me) (blog)
• BP Podcast 004: Commercial Real Estate Investing With Frank Gallinelli
• BP Podcast 162: How to Pay Less to the IRS with Amanda Han, CPA
• BP Podcast 005: Dealing with Death – A Financial Discussion with CFP Neal Frankle

Books Mentioned in this Show

• The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland
• The Book on Managing Rental Properties by Brandon and Heather Turner
• What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli
• It’s Not Rocket Science by Dave Anderson

Tweetable Topics:

• “Don’t try to sell yourself. Let your content sell yourself.” (Tweet This!)
• “You as the business owner should not be in the bookkeeping.” (Tweet This!)
• “The ongoing tax strategy throughout the year, that’s the time to save money.” (Tweet This!)

Connect with Brandon

• Brandon’s BiggerPockets Profile
• Brandon’s Company Website
• Brandon’s LinkedIn

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Trying to build a real estate empire while working a full-time job can be tough, which is why many people decide to use a partner to maximize their results. That’s the story on today’s episode of the BiggerPockets Podcast, where we sit down with Rudy Curtler to talk about how he is building a portfolio of college rentals and mobile home parks utilizing a partner. You’ll learn how (and why) Rudy is building his portfolio hundreds of miles from his home, the incredible benefits of investing in mobile home parks (“6x better than houses” according to Rudy), and how he’s able to put together the financing on deals using remarkable creativity!

In This Episode We Cover:

• How Rudy got started with real estate investing
• How he transitioned from “interested” to “committed“
• His first investment
• What makes a college rental different?
• How many single family homes he has
• What a suite equity partner is
• Tips for those who wanted to start in the college rental niche
• His view on working with family
• The difference between investing in mobile home parks and mobile homes
• The details on his mobile home park
• How much he rents his mobile homes for
• Tips on renting out RV pads
• Why you may want to consider investing in mobile home parks
• How he manages his properties
• Thoughts on getting a mobile home dealer license
• How to get a mind for creative finance
• And SO much more!

Links from the Show

• BP Podcast 140: The Riches Are in the Niches (Like Student Housing) with Bill Syrios
• CraigsList
• BP Podcast 111: A Unique (and Profitable) Real Estate Niche You’ve Probably Never Considered with Jefferson Lilly
• 21stMortgage
• ClaytonHomes
• Berkshire Hathaway
• LoopNet
• BP Podcast 194: Achieving Impressive Spreads Through High-End Flips with Justin Silverio
• BP Podcast 179: Doing the “Impossible” by Buying 100+ Units in His First Two Years with Dale Hensel
• Angela Duckworth – Grit (video)

Books Mentioned in this Show

• The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland
• Rich Dad Poor Dad by Robert Kiyosaki
• Think and Grow Rich by Napoleon Hill
• The Millionaire Fastlane by MJ DeMarco

Tweetable Topics:

• “I think there is a big difference between somebody who’s just interested versus someone who’s committed.” (Tweet This!)
• “Mobile home parks are another way for us to grow and find the exponential growth potential that’s there.” (Tweet This!)
• “I didn’t want to stop. We want to keep growing, so we found a way to do it.” (Tweet This!)

Connect with Rudy

• Rudy’s BiggerPockets Profile
• Rudy’s LinkedIn

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Is your ultimate goal to increase the spreads of your investments to the point where you can comfortably quit your job? Tune in for a conversation withJustin Silverio, an investor who successfully made the switch to full-time real estate entrepreneur and who is now focusing on the niche of higher-end rehabs. For tips on deal evaluation, how to find contractors for your particular project, and direct mail strategies, don’t miss this inspiring episode of the BiggerPockets Podcast!

In This Episode We Cover:

• Recap on last time Justin was a guest
• Why he was afraid to close that first deal
• Why he shifted to higher-end rehabs
• Market dips — and how he proactively takes advantage of them
• What key metrics he looks at when evaluating a deal
• The profit spreads Justin looks for
• Tips for finding contractors from lower end to higher end
• How many deals he does now
• How much he makes on each wholesale deal
• Tips for creating criteria for prospective properties
• How Justin does driving for dollars
• His hoarder house story
• What you should know about zoning restrictions that affect rebuiling a house
• How to track a direct mail list
• His experience quitting his job
• His most exciting deals
• And SO much more!

Links from the Show

• BP Podcast 186: How to Get Your First Few Properties — Even in a Competitive Market with Dave Meyer
• BiggerPockets Webinar
• BP Podcast 058: Flipping and Wholesaling Homes While Working Full Time with Justin Silverio
• BiggerPockets Facebook Profile
• BiggerPockets Forums
• Dave’s Twitter Account
• Brandon’s Twitter Account

Books Mentioned in this Show

• The Millionaire Real Estate Investor by Gary Keller
• Rich Dad Poor Dad by Robert Kiyosaki
• The New One Minute Manager by Ken Blanchard

Tweetable Topics:

• “When you go to a higher price point, the ability to create a larger profit is just much greater.” (Tweet This!)
• “If there’s a deal, you will find the money.” (Tweet This!)
• “It’s really difficult when you start, but after you get through the first couple deals, it gets easier.” (Tweet This!)

Connect with Justin

• Justin’s BiggerPockets Profile
• Open Letter Marketing
• Email Justin

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Everyone knows rental properties can be a great way to build wealth and cash flow. Yet so few people ever take the steps needed to build their portfolio. That’s why we’re excited for you to listen to this week’s episode of The BiggerPockets Podcast! On this show, we sit down with Steve Garner, a North Carolina investor who currently is building and managing a rental portfolio while working a full-time job he loves. You’ll learn several creative methods for finding deals that have worked great for Steve, as well as some of his clever tricks for managing tenants with minimal work!

In This Episode We Cover:

• How Steve got started in real estate
• How to build courage to get started investing
• Details on his first deal
• Why Brandon and Steve love tenant-proofing their properties
• What “REO” means
• What REIA is
• How he landed his second property using Homepath
• Tips for looking at cash on cash return
• How many deals has Steve done so far
• How he finds deals
• How he handles CapEx
• How to puts money aside for CapEx
• Steve’s 10-unit townhomes
• How he finances his properties
• Thoughts on managing properties
• Why he’s very particular when a tenant’s about to leave
• What his full-time job is
• The importance of screening and having standards for tenants
• And SO much more!

Links from the Show

• Denver Startup Week
• BiggerPockets Jobs
• Carlton Sheets Cassettes
• BiggerPockets Webinar
• BiggerPockets Events
• BP Podcast 004: Commercial Real Estate Investing With Frank Gallinelli
• BP Podcast 186: How to Get Your First Few Properties — Even in a Competitive Market with Dave Meyer
• BiggerPockets Forums

Books Mentioned in this Show

• The Book on Investing with No or Low Money Down by Brandon Turner
• The Book on Rental Property Investing and The Book on Managing Rental by Brandon Turner and Heather Turner
• The Millionaire Real Estate Investor by Gary Keller
• Rich Dad Poor Dad by Robert Kiyosaki
• Landlording on Auto-Pilot by Mike Butler
• The Success Journey by John C. Maxwell
• The Richest Man in Babylon by George S. Clason
• How to Win Friends & Influence People by Dale Carnegie

Tweetable Topics:

• “I am a long-term buy and hold investor so I try to rent-proof my properties.” (Tweet This!)
• “The time to get credit is when you don’t need it.” (Tweet This!)
• “There’s so many good tenants out there that you want to make sure you find that good tenant.” (Tweet This!)
• “Beyond being a continual learner is taking action.” (Tweet This!)

Connect with Steve

• Steve’s BiggerPockets Profile

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

“I can’t invest in real estate — everything is too expensive” is a common statement used by newbie real estate investors across the world. But is it true? Today on the BiggerPockets Podcast, we’re excited to dig in on the topic with Russell Brazil, an investor from the DC area who has a unique perspective on the wealth-building power of appreciation (AND cash flow!).

In This Episode We Cover:

• How Russell got started in real estate
• Where he invest (and the prices in that location)
• Why you should fix your personal finances first
• Where to cut expenses
• The snowball effect that happens when you’re not living on the cashflow
• How the numbers look on his first properties
• What CapEx is (and other expenses you should be aware of)
• How many rental properties he has today
• How he broke even with some of his properties
• A discussion about appreciation
• Thoughts on investing in condo units
• Why he’s planning to invest in residential complexes
• Why he doesn’t do much flipping anymore
• How to find investors and partners
• Advice for new investors
• Tips for taking advantage of low interest rates
• And SO much more!

Links from the Show

• BiggerPockets Youtube Channel
• BiggerPockets Webinar
• BiggerPockets Bookstore
• The Simple Action No One Does That Will Make You A Millionaire (blog)
• BP Podcast 014 : Cash Flow, Creative Finance, and Life with Ben Leybovich
• BiggerPockets Forums

Books Mentioned in this Show

• The Book on Investing with No or Low Money Down by Brandon Turner
• The 4-Hour Workweek by Timothy Ferriss
• The Big Short by Michael Lewis
• One Up On Wall Street by Peter Lynch

Tweetable Topics:

• “If you want it bad enough, you’ll figure out how to save money.” (Tweet This!)
• “Cash flow is how I pay my bills, while appreciation is how I build wealth.” (Tweet This!)
• “Debt is good. I love debt.” (Tweet This!)
• “The best way we can mitigate risk and make money is by having market knowledge.” (Tweet This!)
• “Real estate is a ‘relationships’ business.” (Tweet This!)

Connect with Russell

• Russell’s BiggerPockets Profile
• Russell’s Website

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

Today on the BiggerPockets Podcast, we’re excited to introduce you to a man who didn’t start investing until later in life but has built an impressive portfolio in the past few years. Even more, he bought his rentals thousands of miles away from where he lives! You’ll learn the inspiring tale of our guest, Bill Manassero, and how he went from running an orphanage in Haiti to buying rental properties and the challenges that transition caused. You’ll also be inspired by Bill’s heart and his real purpose for creating wealth through real estate. You are going to love this powerful episode, and it just might change why you invest in real estate! (And don’t miss Bill’s story of how his family appeared on Oprah!)

In This Episode We Cover:

• Who Bill is (and why he’s hung out with Oprah)
• Why he built an orphanage
• How his plans transitioned to real estate
• Thoughts on investing while nearing retirement
• The risk profiles for various ages
• How he focuses on family and not just the money
• How to reach your freedom number
• How he and his family got onto Oprah
• What exactly a turnkey property is — and Bill’s turnkey story
• A few red flags when it comes to turnkeys
• His goal of reaching 1,000 units
• How he finds properties
• The struggles of reaching his goal, from finding funds to working with the right people
• How he maintains the property
• And SO much more!

Links from the Show

• BiggerPockets Videos
• BiggerPockets Webinar
• Child Hope International
• BP Podcast 115: Getting Started with Apartment Complex Investing with Jeff Greenberg
• BP Podcast 151: Finding Your “Freedom Number” with Clayton Morris
• Desperate for Tenants in Memphis [Forum Post]
• BP Podcast 190: Building 61 Different Passive Streams of Income with Pat Hiban
• BiggerPockets Forums
• Loopnet
• BiggerPockets Calculators
• TEDx Talk by Robert Kiyosaki [Video]
• 021: Buying Properties with Little or No Money Down with Brandon Turner[Podcast]

Books Mentioned in this Show

• The Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets
• The ABCs of Real Estate Investing by Ken McElroy
• The Book on Investing with No or Low Money Down by Brandon Turner
• Rich Dad Poor Dad by Robert Kiyosaki
• The 4-Hour Workweek by Timothy Ferriss

Tweetable Topics:

• “I got tired of working for these other folks, so I decided to become an entrepreneur.” (Tweet This!)
• “I want to be able to go where I need to go.” (Tweet This!)
• “You gotta get in there and get your hands dirty, and that’s where the learning really starts.” (Tweet This!)

Connect with Bill

• Bill’s BiggerPockets Profile
• Bill’s Company Website
• Old Dawg’s Podcast

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

Are you building vertical or horizontal income in your life? If you aren’t sure, don’t miss this exceptionally important episode of the BiggerPockets Podcast, where we talk with Pat Hiban about creating multiple streams of passive income. Pat, who is a New York Times bestselling author, shares his real estate journey with us today, starting from a humble “house hack” to participating in multi-million dollar apartment complex purchases. You’ll also learn why (and how) Pat has 61 different sources of “horizontal” income streams and the best ways to begin building your own. Don’t miss a second of this incredible show.

In This Episode We Cover:

• Pat’s thoughts on being a real estate agent for 28 years
• Why many real estate agents don’t invest
• How he obtained his first property by house hacking
• The story of an illegal alien investor
• What Section 8 rentals are and why he invest in them
• The pros and cons of Section 8 tenants
• How he makes money through college rentals
• How he manages his properties
• How to make a property college-proof
• What exactly a “come bet” is
• Why he looks for track record before investing with someone
• A discussion on horizontal streams of income
• And SO much more!

Links from the Show

• BiggerPockets Videos
• BP Podcast 188: Using 20+ Years of Studying Market Cycles to Buy Low & Sell High with David Gudmundsen
• BiggerPockets Webinar
• GoSection8
• BP Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager
• BP Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman
• BiggerPockets Forums
• GoBundance

Books Mentioned in this Show

• Retire Young Retire Rich by Robert Kiyosaki
• The Surrender Experiment by Michael A. Singer
• 6 Steps to 7 Figures by Pat Hiban

Tweetable Topics:

• “My biggest regret is not buying a house a year.” (Tweet This!)
• “On Section 8, I buy where if they find out that I’ll put a Section 8 in there, they’ll be upset.” (Tweet This!)
• “Create bucket list moments and get the most out of life.” (Tweet This!)

Connect with Pat

• Pat’s BiggerPockets Profile
• Pat’s Company Website
• Pat’s Podcast
• VPACQ

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Are you looking to ultimately work less, travel more, and life proactively rather than reactively? The key to this life is found in systems. And on today’s episode of the BiggerPockets Podcast, we are excited to introduce you to a guest who’s a master at building systems in his business. Tarl Yarber, an investor in the Pacific Northwest, shares his story of beginning with no money, making $100,000 on a single wholesale deal, and ultimately turning his love for real estate into a profitable business that has done 500 deals. This powerful show is sure to transform the way you run your business forever.

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Is the real estate market about to collapse? Do we have 10 more years? What’s the future hold? While no one can definitively answer these questions, today’s guest has some keen insight into timing the market, allowing you to “buy low and sell high.” Today, we’re excited to introduce you to David Gudmundsen, an investor who’s been in the game more than 20 years and who’s seen numerous peaks and valleys — and who has learned how to ride the wave. With more than 250 deals under his belt, David is an incredible resource for anyone looking to grow their portfolio — or preserve it — during times of uncertainty. Unless you know exactly where the real estate market is headed next, don’t miss this powerful and entertaining episode!

In This Episode We Cover:

• Why David chose real estate and his first property
• How he got his first property by assuming a loan
• How he reached a level of buying a property a month without a college education
• How Monopoly inspired him to invest in real estate
• How to balance learning and actually making deals
• What exactly a wrap is
• Thoughts on contracts for deeds
• How many deals he has made
• What you should know about seller carry back
• What walking the mortgage is
• Insight into market cycles and crashes
• How to read the signs of market cycles
• What we can learn from the boiled frog analogy
• What “buying right” really means
• The importance of not always doing the things others are doing
• Why it’s important to join real estate club meet ups
• A couple of his worst and greatest deals
• And SO much more!

Links from the Show

• BiggerPockets Pro
• ZBuyer
• BiggerPockets Webinar
• BiggerPockets Analysis Tools
• BiggerPockets Forums

Books Mentioned in this Show

• How to Buy and Manage Rental Properties by Irene and Mike Millin
• Unlimited Power by Tony Robbins
• Close That Sale! by Brian Tracy
• Advanced Selling Strategies by Brian Tracy

Tweetable Topics:

• “I can never win at Monopoly unless I roll the dice and I buy houses.” (Tweet This!)
• “A good borrower can make a bad loan good, and a bad borrower can make a good loan bad.” (Tweet This!)
• “Forget location, location, location. It’s all about buy low and sell high.” (Tweet This!)
• “You just look at what exactly the herd is not doing.” (Tweet This!)

Connect with David

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

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In this episode of the BiggerPockets Podcast, we talk about a subject many investors debate about: investing in OLD properties. Today’s guest, Dana Bull, has filled her portfolio with properties over 100 years — and she dishes out the good, the bad, and the ugly details. You’ll also learn why Dana focuses on small multifamily properties and she offers some incredible insight into being an effective landlord — no matter your age or experience level.

In This Episode We Cover:

• Why Dana and her boyfriend rented in Salem, the infamous place of witch trials
• How she bought a house from 1784
• Things to note about buying old houses
• The numbers on their second property
• Why she wants to avoid inheriting tenants
• Why Dana seeks one bedrooms with smaller footprints
• The “stepping stone” property for young professionals
• Why lead-based paint is an issue
• Things she’s learned from being a landlord in her mid-twenties
• A discussion on open houses vs. individual showings
• How to deal with tenant issues
• How to know when it’s time to sell
• The importance of knowing the end goal and taking steps to get there
• How she managed to juggle full-time jobs and investing
• How many properties she has now and why she’s just hitting a “target”
• What she means by the “building years”
• How she manages her properties
• What it’s like being a woman investor
• And SO much more!

Links from the Show

• Josh’s Twitter Account
• BP Podcast 099: 3 Personal Finance Bloggers & Their First Real Estate Investment with Scott, Lauren, and Philip
• BiggerPockets Webinar
• BiggerPockets Forums

Books Mentioned in this Show

• Property Management Kit For Dummies by Robert S. Griswold
• The Book on Managing Rental Properties by Brandon and Heather Turner
• The EveryGirl’s Guide to Life by Maria Menounos

Tweetable Topics:

• “All of our properties have some sort of story in them.” (Tweet This!)
• “If people want your time or if people want to live in your space, they need to respect you and your time.” (Tweet This!)
• “There are so many approaches you can take, and I think the key is to just start.” (Tweet This!)

Connect with Dana

• Dana’s BiggerPockets Profile
• Dana’s Company Website
• Dana’s LinkedIn Profile

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There are a lot of excuses people use for why they don’t invest in real estate. Maybe they work too much. Maybe they don’t have any money. Maybe the market is too hot. But some — like our guest today — don’t let those difficulties stop them. Instead, they use creativity to overcome obstacles and build a real estate empire. So today on the BiggerPockets Podcast, we are excited to introduce you to Dave Meyer, an investor from the Denver market, who shares his story of buying eight units using creativity, intelligence, and in incredible level of hustle!

In This Episode We Cover:

• Who exactly Dave, the VP of Growth for BiggerPockets, is
• How his silly neighbor unintentionally encouraged him to buy a house
• Why he chose his friend as a partner
• The details of his first deal
• What he looked for in his first deal
• The numbers on that deal
• Would it still be a great deal without the appreciation in Denver?
• How he raised his funds for this project
• The importance of acting on opportunities now
• Who manages his properties?
• How a tenant built a staircase for him
• How you can learn the market by working hands-on
• How Dave bought properties while waiting tables
• His first experience with house hacking
• Tips to keep in mind regarding zoning when finding properties
• And SO much more!

Links from the Show

• Josh’s Twitter Account
• Brandon’s Twitter Account
• BiggerPockets Webinar
• BiggerPockets Forums
• Dancing with the Stars
• How Great Leaders Inspire Action by Simon Sinek (TED Talk)

Books Mentioned in this Show

• The Book on No or Low Money Down by Brandon Turner
• The Ultimate Beginners Guide to Real Estate Investing by BiggerPockets
• Start with Why by Simon Sinek
• Leaders Eat Last by Simon Sinek

Tweetable Topics:

• “If you have an opportunity, you’re a fool to ignore it. Find a way to do it.” (Tweet This!)
• “You learn a tremendous amount if you do hands on things such as screening the tenants, doing the open houses. You learn the market and what people want.” (Tweet This!)
• “Find the deal and figure out how to get the money to make it happen.” (Tweet This!)
• “Once you start owning, it feels weird to start paying someone else to live in their house.” (Tweet This!)

Connect with Dave

• Dave’s BiggerPockets Profile

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On today’s episode of The BiggerPockets Podcast, Josh and Brandon sit down with Bill Powers, a real estate investor from the Chicago suburbs, to learn how he went from zero to over 70 units in five yearswhile focusing on lease options — also known as “rent to own.” This powerful strategy is one that anyone can begin using in their business to achieve more cash flow and equity — and today, you’ll learn all the details. Get your pen and paper out for this show — you’ll want to take some notes!

In This Episode We Cover:

• How Bill got started in real estate
• All the mistakes he made on his first house
• Tenant screening must-haves
• How exactly rent-to-own works
• What the first look program is
• What you should know about the 2% rule
• How to not be a predatory investor
• Tips for running your business the right way
• A discussion on “instant equity“
• Why some people are not fulfilling their lease options
• A profile of common tenants who go for rent to own
• What is Dodd-Frank is and how it affects people who use lease options
• Things to note before going for a lease option
• What the future of his business is
• How many hours he works in a week
• And SO much more!

Links from the Show

• How I Found My Five Latest Real Estate Deals! (Five Different Strategies)
• BiggerPockets Webinar
• BiggerPockets Forums
• Zillow
• Rent.com
• Trulia
• Secure Pay One

Books Mentioned in this Show

• The Book on No or Low Money Down by Brandon Turner
• The Book on Estimating Rehab Cost by J. Scott
• The Golden Rules by Bob Bowman

Tweetable Topics:

• “Where rents are highest and acquisition of capital is lowest, that’s where we focus.” (Tweet This!)
• “I think you can always flip. I think there’s spread on properties all the time.” (Tweet This!)
• “There are ways to lose money on flips even if you make money — because opportunity cost is a big factor on that.” (Tweet This!)
• “Don’t be enticed completely by the flip side of things. Look long term.” (Tweet This!)

Connect with Bill

• Bill’s BiggerPockets Profile
• Bill’s Company Website

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In today’s humorous episode of the BiggerPockets Podcast, you’ll meet Bill Lublin, a real estate expert who has invested in over 800 deals while also building the largest real estate agency in his state! You’ll learn how Bill got his start in real estate sales, why he was a terrible agent, and the one thing that changed everything. You’ll also hear how Bill has been able to do over 800 investment deals (from single family homes to multifamily to motels to development and more), his management philosophy, and why he thinks investors probably should NOT get their real estate license.

In This Episode We Cover:

• Who Bill is
• How Bill got into real estate by accident
• Why work ethic is important
• Tips for employing hundreds of agents
• Why some agents don’t buy their own properties
• What you should know about a wraparound mortgage
• How he learned to do creative financing
• How many deals he has done so far (hint: 800 to 1,000)
• His favorite type of deal
• How to time your investing (despite the recession)
• The 4 big things that will give you value-add on a property
• Sage advice for investing for the long haul
• How his business and partnership works
• What the “elephant approach” is
• And SO much more!

Links from the Show

• Podcast Movement
• BiggerPockets Webinar
• BiggerPockets Forums

Books Mentioned in this Show

• The Book on No or Low Money Down by Brandon Turner
• List More, Sell More by Jerry Bresser
• The E-Myth Revisited by Michael E. Gerber

Tweetable Topics:

• “You make a living by selling real estate.” (Tweet This!)
• “Anybody who has a periodic payment is paying somebody else’s mortgage.” (Tweet This!)
• “I haven’t met anybody who owned a property for 10 years who didn’t make money on it.” (Tweet This!)
• “You make a profit in the property when you buy it, not when you sell it.” (Tweet This!)
• “You don’t recognize a loss until you sell something.” (Tweet This!)
• “The hard part is not doing deals, but finding deals.” (Tweet This!)

Connect with Bill

• Bill’s BiggerPockets Profile
• Bill’s Website
• Bill’s Company Website
• Bill’s Twitter Account

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What does it take to achieve financial independence? Thousands of deals and a 100+ hour work-week hustle? Not according to today’s guest! Today we bring you an incredible interview with Sarah P. who just one year ago began her journey toward financial independence using rental properties — part-time! You’ll learn how Sarah is building a rental portfolio despite living in one of the most crowded, competitive markets in the world, as well as her best tips on overcoming obstacles, creative finance, and more. This show will not only give you miles of practical advice, it will leave you saying, “I can totally do that!”

In This Episode We Cover:

• How she discovered financial literacy through Mr. Money Mustache
• How analyzing deals made her feel comfortable buying her first deal
• How to invest if you’re in an expensive market
• The details on her first deal
• How she chose her market
• Sarah’s thoughts on HOAs
• How she’s managing her properties
• How old her properties are
• How a Home Equity Line of Credit helped her land her first properties
• What her long-term goal as an investor is
• How Sarah finds her deals
• Some obstacles she’s encountered in her investing career
• What the 2 year rule is
• How many hours a week she works on her real estate
• And SO much more!

Links from the Show

• 8 Mile
• BiggerPockets Webinar
• Mr Money Mustache
• BP Podcast 172: Breaking Into Apartment Investing with a 100-Unit First Deal with Jonathan Twombly
• BP Podcast 180: 58 Deals by Age Twenty-Three with Devan McClish
• Thumbtack

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert Kiyosaki
• Secrets of the Millionaire Mind by T. Harv Eker
• The Book on No or Low Money Down by Brandon Turner
• Rich Dad’s Who Took My Money? by Robert Kiyosaki

Tweetable Topics:

• “My rental income does not count as income.” (Tweet This!)
• “If they can’t help you, ask who else they know that can help you.” (Tweet This!)
• “You need to know what to ask because you don’t know what you don’t know.” (Tweet This!)

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Whether you own a single property or 1,000 units, systematizing your business is the key to growth. That’s why we’re excited to introduce you to Jake Stenziano and Gino Barbaro, a real estate partnership that’s scaled to 674 units in just the past three years. In this explosive interview, Jake and Gino share their story of building a sizable portfolio using a variety of creative methods. You’ll learn about the “hard lumps” they took on their first deal, the mindset changes they needed to take to transform their business, how they financed a 200+ unit apartment for no cash down, and a lot more. This incredible show will not only change your business — it might just change the way you look at life.

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Let’s be honest: It can be tough to find a great deal in today’s competitive real estate market. If you find yourself in that situation, you are going to love today’s show! Today we hear from Lauren Hardy, a house flipper and wholesaler in the highly competitive Southern California market who overcame a rough beginning to scale her business to several deals a month. You’ll love Lauren’s honesty about quitting her job too early and her straightforward approach to finding deals, evaluating a market, and creating systems that allow her to work and live a full life. And grab some scratch paper — this is definitely one show you are going to want to take some notes on!

In This Episode We Cover:

• What to do when you hail from an expensive location
• How Lauren got started in real estate
• Her very first deal
• Why she loves condos
• Things to consider when investing in condos
• How she quit her job — and failed
• How she spent $25,000 — and got no deals
• Lauren’s tweaks to her direct mail marketing
• How she scaled to 2 to 3 deals a month
• How Lauren’s business works
• How she uses Podio to make her processes easier
• How she estimates rehab costs
• What exactly cash for keys is
• Flipping shows vs. flipping in real life
• How she funds her deals with hard money and private money lenders
• Where is she going with her business
• How many hours she works in a week
• And SO much more!

Links from the Show

• BiggerPockets Webinar
• ListSource
• REISource
• Google Earth
• Darren Daily
• BiggerPockets Udemy Course

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert Kiyosaki
• Tax Strategies for the Savvy Real Estate Investor by Amanda Han
• Building Wealth One House at a Time, Updated and Expanded by John Schaub
• The Compound Effect by Darren Hardy
• The Entrepreneur Roller Coaster by Darren Hardy

Tweetable Topics:

• “I love what I do, so it doesn’t feel like work.” (Tweet This!)

Connect with Lauren

• Lauren’s BiggerPockets Profile
• Lauren’s Facebook Profile
• Lauren’s Instagram

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What were you doing at 23 years old? Probably not building 17 houses like today’s guest! That’s right — our guest today on the BiggerPockets Podcast is Devan McClish, a real estate investor from Nashville who’s done nearly 60 deals in just the past couple years — using almost no money of his own. You’ll learn how Devan finds deals, raises money, works with contractors, and so much more. This show will go down as one of the greatest in BiggerPockets history — so don’t miss a second of it!  

In This Episode We Cover:

• How Devan got started learning real estate when he was 18
• How he convinced a mentor to teach him
• His first deal 3 years later
• How to avoid the shiny object syndrome
• How he landed deals through direct mail
• How he initially funded his deals
• Living on $15,000 for a year
• How to deal with peer pressure when you’re “going cheap”
• The worst mistake he’s made so far
• The biggest challenge in the beginning
• Why finding the deal is harder than finding the money
• How Devan finds deals
• Tips on driving for dollars
• His future goals
• And SO much more!

Links from the Show

• BiggerPockets Job Opening
• BiggerPockets Events
• Advertise with BiggerPockets
• BiggerPockets Store

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert Kiyosaki
• Think and Grow Rich by Napoleon Hill
• How I Turned $1,000 into Five Million in Real Estate in My Spare Time by William Nickerson
• The Intelligent Investor by Benjamin Graham

Tweetable Topics:

• “While my friends are out drinking, I stay at home and try to find the next deal.” (Tweet This!)
• “Instead of spending $300/month on a brand new car, I’d rather spend that to get another 300 yellow letters out.” (Tweet This!)
• “Whenever they say you can’t do this, I say watch me do it.” (Tweet This!)

Connect with Devan

• Devan’s BiggerPockets Profile
• Devan’s Facebook Profile
• Devan’s Twitter Profile
• Devan’s Landing Page

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What stops most people from achieving massive success through real estate? Money? Cheap properties? Knowledge? According to our guest today, it’s fear. That’s why we’re excited to introduce you to Dale Hensel, an investor who’s done everything from single family to multifamily to notes and a LOT more. You’ll be amazed at the simple way Dale used his “ignorance” that something should be hard to build several large, successful businesses — including one real estate company he took public!

In This Episode We Cover:

• Dale’s very first house that he bought in 1996
• How hitchhiking led him to figuring what he wanted
• How he achieved 250 apartments in two and a half years!
• The need for being confrontational in this business
• The cool story of how he got started as a landlord
• How he added multiple properties just because he has no money
• What exactly a “wrap” is
• The 3 important pieces of paper in a real estate transaction
• The benefits of not knowing what’s “impossible“
• The difference between performing and non performing notes
• A discussion about his public company
• And SO much more!

Links from the Show

• BRRRR Calculator

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert Kiyosaki
• The 4-Hour Workweek by Timothy Ferris
• The Millionaire Fastlane by MJ DeMarco

Tweetable Topics:

• “I didn’t know that it was supposed to be hard or impossible, so I bought 250 apartments.” (Tweet This!)
• “I don’t have a filter that says ‘Well, they did it, I can’t.” I have filter that says, ‘If they did it, so can I.'” (Tweet This!)
• “Take measured, gentle risk until you can push yourself a little further, and realize that you can go a lot further than you ever thought!” (Tweet This!)

Connect with Dale

• Dale’s BiggerPockets Profile
• Dale’s Facebook Page

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Trying to build a real estate portfolio when you are brand new and work a full-time job can be tough. That’s why today we are excited to bring you an interview with an investor (and moonlighting stand-up comedian) with a remarkable story of using various “house hacks” to jump into the game. Charlie Kao, who hails from the Detroit, Michigan market, covers his entire investing journey, from condo investing to house flipping to landlording and more. And don’t miss Charlie’s powerful — and incredibly unique — strategy for finding deals through networking! Today’s show is sure to bring new strategies to your business, and the humor will leave you smiling all day!

In This Episode We Cover:

• Where Charlie comes from
• How he learned real estate from his dad
• Thoughts on starting off with $5-40k houses
• A discussion about Detroit
• The details of his first deal
• How he realized how to live and flip via working at the bank
• What exactly an underwriter is
• Charlie’s first true flip in Grand Rapids
• Thoughts on valuing your time when it comes to flipping
• Tips for living in your flip
• How he started out as a househacker
• How he lived in the house for two years
• How it might be difficult to live and flip with kids
• Tips for getting your spouse on board
• How to flip while having a full time w-2 job
• How many flips Charlie has done so far
• How he finds properties and the price range he looks for
• The mailman and the foundation specialist as sources of leads
• How he manages to get stated income loans
• Some of the worst deals he’s had
• What would have he done differently if he started all over again
• And SO much more!

Links from the Show

• BP Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman
• BiggerPockets Events
• The Secret to Unlocking Bank Financing

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert Kiyosaki
• The 4-Hour Workweek by Timothy Ferris
• Maximum Achievement by Brian Tracy
• The Psychology of Selling by Brian Tracy

Tweetable Topics:

• “The more tools you have in your toolbox, the more projects you can take on.” (Tweet This!)
• “This is going to be the last time I make this mistake because I’m going to learn from it.” (Tweet This!)
• “It doesn’t matter how many things you’ve done; there are always things that could happen.” (Tweet This!)

Connect with Charlie

• Charlie’s BiggerPockets Profile
• Charlie’s Company Profile

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

When you hear the acronym “BRRRR,” what comes to mind? Winter? Well, today on the BiggerPockets Podcast, we’re going to talk about BRRRR — and, no, we’re not talking about the temperature! On this powerful episode, we dive deep into one of the most popular and exciting strategies for real estate investors today — the BRRRR strategy (Buy-Rehab-Rent-Refinance-Repeat). We talk with Ben Walhood, a real estate investor from the Chicago suburbs who has found tremendous success buying properties in several states using BRRRR, as well as several other strategies. You’ll learn why it took Ben nearly ten years to “take off” as an investor, as well as the best tips he has for finding success today. Grab a notebook and pencil — because this is one show you’ll want to take some notes!

In This Episode We Cover:

• Tips for switching from the linear path of a sales person to a real estate investor
• What a “no doc loan” is
• How Ben bought his first house in college to house hack
• How he learns each market he gets into
• The story of how he failed horribly on his second deal
• What to do when you get calls from tenants in the middle of the night
• Why every strategy could work
• How he got better with his type of properties over time
• The best deal he’s had
• Why you have to fail to succeed
• Tips on the BRRRR strategy
• How many properties Ben has
• What you should know about CapEx
• Tips for using insurance companies
• How to perform a walkthrough of a typical BRRRR deal
• The downsides to this strategy
• Tips for short-term financing through crowdfunding
• Where is Ben going with his investing
• How we was able to quit his job through investing
• And SO much more!

Links from the Show

• BiggerPockets Calculators (includes BRRR Calculator)
• RealtyShares
• BP Podcast 151: Finding Your “Freedom Number” with Clayton Morris
• BiggerPockets Forums

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert Kiyosaki
• The Book on Rental Property Investing by Brandon Turner
• Investing in Real Estate by Gary Eldred
• Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki
• Eat That Frog! by Brian Tracy

Tweetable Topics:

• “I just hated the idea of throwing away money on rent every month.” (Tweet This!)
• “Find people that choose to rent and not ones that need to rent.” (Tweet This!)
• “I had to try and fail before I could figure out what success looked like.” (Tweet This!)
• “It’s all about putting in the right people and putting some terms in your lease.” (Tweet This!)

Connect with Ben

• Ben’s BiggerPockets Profile
• Ben’s LinkedIn
• Ben’s Company Profile

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

Everyone knows it’s tough to find deals in today’s real estate market — but somehow our guest today, Tom Krol, didn’t get that memo! In his first 18 months, Tom closed over one hundred wholesale dealsand has continued to dominate his market. In this explosive and highly entertaining episode, Tom goes into incredible detail on the exact methods he used to build out a highly automated real estate acquisition machine. And don’t miss the in-depth discussion on nine specific lists that Tom mails to; it just might change your business forever. Hang on tight — this show is about to rock your world!

In This Episode We Cover:

• How Tom got started in real estate
• Why he had to sell his golf cart
• The biggest mistakes he made when starting out
• How he closed 100 deals in the first 18 months
• The attitude successful wholesalers have
• How to avoid “shiny object syndrome“
• How he finds real estate deals
• What “the list” is
• What a motivated seller really looks like
• Tips for buying owner-occupied deals
• How Tom became successful in this kind of investing
• What you should know about “the rule of 5“
• Tips for using a virtual assistant
• Why the money is in the database
• How much he spends on direct mail
• How many mailings per month he sends out
• A discussion on bandit signs
• How to get comfortable with making mistakes
• How many hours he works per week
• And SO much more!

Links from the Show

• BiggerPockets Calculators
• Amazon Echo
• Podio
• Craigslist
• ListSource
• BRRRR Strategy
• Upwork
• Dreaming of That 4-Hour Work Week? This App Will Help You Get There! (Blog Post)
• FindMotivatedSellersNow.com
• BP Podcast 151: Finding Your “Freedom Number” with Clayton Morris
• BP Podcast 173: Flipping 100+ Houses in an Expensive, Competitive Market with Steve Jones

Books Mentioned in this Show

• The ONE Thing by Gary Keller
• Getting Things Done by David Allen
• The Millionaire Real Estate Investor by Gary Keller
• The 4-Hour Workweek by Timothy Ferriss
• The Four Spiritual Laws of Prosperity by Edwene Gaines
• Traction by Gino Wickman

Tweetable Topics:

• “Progress not perfection.” (Tweet This!)
• “Imperfect action instead of perfect planning.” (Tweet This!)
• “Every single real estate deal, no matter what you do, starts with a good deal.” (Tweet This!)
• “You’re going to make mistakes whether you have 4 years of education in real estate or none.” (Tweet This!)

Connect with Tom

• Tom’s BiggerPockets Profile
• Tom’s Company Profile

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Building a real estate portfolio can be challenging — but taking others along for the ride can help everyone achieve incredible results. That’s the topic on today’s episode of the BiggerPockets Podcast,where we sit down with Mike O’Connor and Matt Wood, two young investors from the Atlanta area who have built a sizable portfolio (150+ units) in a very short time thanks to the power of a team. You’ll learn why they jumped straight from a single house to an apartment complex and the mindset and strategies needed to pull it off successfully. This highly entertaining show will have you taking notes — and laughing — ’til the very end!

In This Episode We Cover:

• The backstory of Mike and Matt’s investing career
• The cool story on how they started working together
• The value of analyzing deals
• “Aunt Jemima” as their first property
• What Section 8 is and some of its benefits
• Tips for bringing more people on the team
• Why their first deal was important
• How they find the right people for their team
• How they scored a 32-unit as their second deal
• How they went from 32 to 100 units through creative financing
• Tips for having a job while investing
• WhatsApp and why they use it
• How they differentiate roles in their company
• The importance of systemizing and automating to scale their business
• The Unique Wide Oak Deal
• Why you should build relationships with your local banks
• Why confidence matters in this business
• And SO much more!

Links from the Show

• BiggerPockets Forums
• Google Play
• Tim Ferris’ Podcast
• BiggerPockets Contribute
• Evernote
• WhatsApp
• Dropbox
• The 5 C’s of a Perfect Loan Proposal
• BiggerPockets Analysis Tools
• BP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
• BiggerPockets Forums
• 8 Tips For Screening Out Professional Tenants: Your Worst Nightmare! (blog)
• The Professional Tenant – Just How Painful Can Evicting One Tenant Be? (blog)
• BiggerPockets Local Connect

Books Mentioned in this Show

• The Book on Investing with No or Low Money Down by Brandon Turner
• The 4-Hour Workweek by Timothy Ferriss

Tweetable Topics:

• “We want to be good landlords, we truly enjoy providing good living conditions to our tenants.” (Tweet This!)
• “To know that there is something that we can control that is providing us income is huge.” (Tweet This!)
• “I’d rather have a small percent of a deal than zero percent of the deal.” (Tweet This!)
• “You have to be ready to pivot based on the deal because not every deal fits in the same box.” (Tweet This!)

Connect with Mike and Matt

• Mike’s BiggerPockets Profile
• Matt’s BiggerPockets Profile
• Azeez’ BiggerPocketes Profile
• Kiran’s BiggerPockets Profile
• Cambridge Investment Group

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Around BiggerPockets, we often encourage newer investors to sit down with an experienced real estate investor to “pick their brain” and soak up their wisdom. Today on the BiggerPockets Podcast, we want to do just that. Dave Short began investing in real estate nearly half a century ago and has an incredible level of insight into the ups and downs of building wealth through real estate. We cover everything from overcoming failure to flipping a hundred houses in four years and much more!

In This Episode We Cover:

• How he got started in real estate from a factory job 44 years ago
• The grave need for property management and liquidating their business
• Thoughts on going through investing with over a million dollars in debt
• Tips for making partners instead of having bank relationships
• How help from the outside opened his eyes
• Why you should stay in the game despite failures
• The importance of working with the right people
• How many transactions he has done over his real estate career
• How he flips a house
• Who’s on his team
• How to hook a spouse on investing in real estate
• How he buys his deals
• How to get a good transaction as a wholesaler
• Making a deal by solving other people’s problems
• How to show yourself to be legit as a wholesaler
• Why you should find a veteran investor in your market
• What “pre-habbing” a house is
• And SO much more!

Links from the Show

• BiggerPockets Jobs
• Google Play
• Tim Ferris’ Podcast
• BP Podcast Show 91: Getting Started as a Real Estate Wholesaler with Ben Grise
• BiggerPockets Keyword Alerts
• BiggerPockets Meet
• BiggerPockets Analysis Tools
• BiggerPockets Forums

Books Mentioned in this Show

• The 4-Hour Workweek by Timothy Ferriss
• The Book on Rental Property Investing by Brandon Turner
• The ONE Thing by Gary Keller and Jay Papasan
• The Millionaire Real Estate Investor by Gary Keller
• Burst This! by Frank McKinney
• Unlimited Power by Anthony Robbins
• Awaken the Giant Within by Tony Robbins

Tweetable Topics:

• “The management is the key to success, and real estate is just the vehicle.” (Tweet This!)
• “In buying and selling real estate, every house has 2 to 4 solutions.” (Tweet This!)
• “The beauty in staying in the real estate business for 44 years is if you’re in a slump for 4 years, that’s only 10% of your career.” (Tweet This!)
• “If you can’t ask the right questions, then you’ll never get to the solution.” (Tweet This!)
• “I never look at them as competition. They’re people we work together with, and we can all make a living.” (Tweet This!)

Connect with Dave

• Dave’s BiggerPockets Profile

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House flipping can be incredibly profitable and fun — but for many people, trying to make it work is next to impossible because of the high cost of homes. That’s why on this episode we’re excited to chat with Steve Jones, a house flipper from Southern California who has flipped over 100 deals in his neighborhood. Steve’s advice is rock solid for anyone looking to grow their real estate business — and you are going to love his advice about open houses. Steve’s perspectives just might change how you do real estate forever.

In This Episode We Cover:

• Thoughts on investing in Southern California
• How Steve got started in real estate
• The first home he flipped
• What exactly a “condo conversion” is
• How he’s done over 100 flips so far
• How Steve finds his deals
• What you should know about looking for hidden value
• Steve’s formula for evaluating a deal
• How he flips a deal
• What he typical spends on a normal rehab
• The worst flip he’s ever done
• How to think with the buyers in mind
• Tips for getting an A-team contractor
• How to learn from contractors
• The importance of developing a thorough scope of work
• Why deals are relationship based
• How to calculate land value
• What happens when people lose their money
• Things that he loves about flipping houses
• The “slow flip”
• Becoming an expert on your neighborhood
• And SO much more!

Links from the Show

• Fake F***ing Flowers (video)
• BiggerPockets Calculators

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert T. Kiyosaki
• Why We Buy: The Science Of Shopping by Paco Underhil

Tweetable Topics:

• “We always bring the indoors outdoors — and bring the outdoors in.” (Tweet This!)
• “You have to have an appetite for risk.” (Tweet This!)
• “Your best price is always going to be your first price.” (Tweet This!)

Connect with Steve

• Steve’s BiggerPockets Profile
• Steve’s Company Website
• Steve’s Instagram
• Steve’s Twitter

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Have you ever dreamed of owning large apartment complexes? If so, don’t miss this powerful interview with Jonathan Twombly, a real estate investor whose very first deal had over 100 units! You’ll learn why Jonathan skipped the “small deal phase” and jumped right into big deals — and how he’s gone from nothing to over 400 units in the past several years. This show offers an incredibly realistic view of what it actually takes to break into the apartment complex market!

In This Episode We Cover:

• How Jonathan got out of the law industry and into real estate investing
• The partnership that changed his life
• How you can always find deals within 100 miles
• The details of Jonathan’s first deal
• What to do when someone cancels the deal
• How financing contingency works
• How he structures his deals
• Tips for establishing yourself with brokers
• The due diligence list to show to brokers
• The importance of asking your friends for introductions
• Why you should focus on the relationship aspect of investing
• The details of Jonathan’s first successful deal
• Why you should consider buying the “unsexy” properties
• Tips on looking for deals
• How he makes money through syndication
• His strategy on making 400-unit deals
• How he manages properties
• What you should know about underwriting a deal
• Things he would done differently if he started all over again
• And SO much more!

Links from the Show

• BiggerPockets on Google Play
• 10 Things To Do Before Doing Your First Deal (blog)

Books Mentioned in this Show

• The Wall Street Journal. Complete Real-Estate Investing Guidebook by David Crook
• Logistics Clusters by Yossi Sheffi
• The War of Art by Steven Pressfield
• The 4-Hour Workweek by Timothy Ferriss

Tweetable Topics:

• “You don’t know what the heck you are doing, but you’ll figure it out when you start somewhere.” (Tweet This!)
• “If you are a new investor, it’s not about how much money you have but about how many deals you have closed.” (Tweet This!)
• “Persistence is 90% in business and then the other 10% is not being an idiot.” (Tweet This!)

Connect with Jonathan

• Jonathan’s BiggerPockets Profile
• Jonathan’s Blog
• Jonathan’s Company Website

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On this inspiring episode of the BiggerPockets Podcast, we sit down with real estate entrepreneur Andrew Cushman to learn how he went from a full-time job as a chemical engineer to a house flipper and finally a real estate syndicator, buying over 1400 units in less than a decade. You’ll learn how Andrew finds deals, manages the rehabs on a large scale, raises money for large apartment purchases, and more. Don’t miss a moment of this powerful show!

In This Episode We Cover:

• How Andrew started as a chemical engineer — then got into investing
• Why he trusted his mentor from the outset
• How many flips he has done so far
• Tips for scaling from 0 to 24 flips in 5 years
• The details of his first flip
• A discussion on buying pre-foreclosure properties
• The story of making 4,575 phone calls before getting his first deal
• The importance of believing in yourself and believing in the system
• How Andrew has flipped 24 properties and 1,470 apartments
• How he made money on the first flip
• How to scale by building a system
• How to find pre-foreclosed deals
• The best flip he’s ever completed
• Tips on weird houses
• His first apartment deal
• Why he doesn’t recommend a heavily distressed deal
• The difference between single family and multifamily properties
• How to become a “sophisticated investor“
• How he find apartment deals
• And SO much more!

Links from the Show

• Webby Awards
• Bloomberg
• DowJones
• HarvardBusiness
• Wired
• Forbes
• CNN Money
• BiggerPockets Calculators
• Foreclosure.com
• PropertyRadar
• Realtytrac
• How to Buy a Foreclosure : The Comprehensive Guide to Buying a Foreclosed Home
• General Foreclosure & Pre-Foreclosure Forums
• BRRRR Strategy
• GoBundance
• BP Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod
• BP Podcast 166: How Modeling Greatness Can Get You To 100+ Deals with Matt Aitchison
• BP Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene
• 1 Life Fully Lived Organization
• Slack

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert T. Kiyosaki
• The One Thing by Gary Keller and Jay Papasan
• The E-Myth Revisited by Michael E. Gerber
• Emerging Real Estate Markets by David Lindahl
• Multi-Family Millions by David Lindahl
• Start with NO by Jim Camp

Tweetable Topics:

• “This system will work so I’m going to make it work.” (Tweet This!)

Connect with Andrew

• Andrew’s BiggerPockets Profile
• Andrew’s Website

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

What does it take to truly find success in real estate — especially when you make an average salary and live in an expensive city? That’s the topic of today’s show, where we sit down with David Greene, a full-time police officer in the San Francisco market who’s managed to buy multiple deals in the past several years through mass hustle and persistent deal-finding. You’ll learn how David finds deals, invests both in-and-out-of-state, and finances those deals on a cop’s salary! This show is sure to motivate and educate you to do more deals this year!

In This Episode We Cover:

• Who David Greene is and how he bought a $565k house for $195k
• The challenges of renting out a house
• His tips for first time landlords
• Thoughts on credit checks
• How to use property managers as advisors
• Steps for buying property from afar
• The second hurdle he met while investing
• What you want in a real estate agent
• How he got financing despite his profession
• Looking at investing like the Golden Real Estate Warriors to save money
• The importance of working hard to reach your goals
• A discussion on investing in notes — the downsides and upsides
• David’s game plan
• Why consistency is key to reaching success
• And SO much more!

Links from the Show

• Keyword Alerts
• Tenant Screening: The Ultimate Guide
• How To Rent Your House: The Definitive Step by Step Guide
• How to Invest in Real Estate with Just 5 Spare Hours Per Week
• Be Like Elon (image)
• BackstreetBoys Documentary on MTV
• Jeff Brown’s BiggerPockets Profile
• Compound Interest Spreadsheet
• BiggerPockets Instagram Post (Quote)
• BP Podcast 034: Virtual Real Estate Investing and How to Find Great Deals in a Hot Market with Anson Young
• Andrew Cushman’s BiggerPockets Profile
• BiggerPockets Webinar

Books Mentioned in this Show

• The Book on Rental Property Investing by Brandon Turner
• The Richest Man in Babylon by George S. Clason
• So Good They Can’t Ignore You by Cal Newport
• The Millionaire Real Estate Agent by Gary Keller
• The Millionaire Real Estate Investor by Gary Keller
• Rich Dad Poor Dad by Robert T. Kiyosaki

Tweetable Topics:

• “You can do everything wrong in real estate at the beginning. If you hold on long enough, it’s going to work out.” (Tweet This!)
• “You have to embrace that it’s hard and be glad that it is.” (Tweet This!)

Connect with David

• David’s BiggerPockets Profile
• David’s Website
• David’s Facebook Profile
• David’s LinkedIn Profile

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

Today we’re excited to bring you an interview with a savvy investor who’s done over 500 deals — Cameron Skinner. Cameron got his start with new construction spec builds in the late 1990s and due to the changing economy created an interesting twist that we know you guys are going to just love. This episode is packed with incredible, actionable advice that will leave you shouting, “I’m totally going to do that strategy!”

In This Episode We Cover:

• How Cameron got started by partnering with someone
• Why he started with new construction
• Can anyone build to rent?
• How to calculate capex and why it’s important
• What exactly cost segregation is
• How to get tax benefits now
• How many deals Cameron has done so far
• His experience during the crash
• What you should know about how lease options work
• When to seek professional advice regarding the laws in your area
• How to know your market
• Downsides of the build-rent strategy
• Tricks for finding the best contractor
• How he completed so many deals without picking up a hammer
• How to keep an “investor mindset” to find the best deals
• The importance of finding out your skill set
• Why Cameron has no employees
• The cost of tearing down a property
• And SO much more!

Links from the Show

• BiggerPockets Analysis
• BiggerPockets Calculators
• BiggerPockets Forums
• Keyword Alerts
• BiggerPockets Meet
• Tax, Legal Issues, Contracts, Self-Directed IRA Forum Category

Books Mentioned in this Show

• The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matt MacFarland
• Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
• The Richest Man in Babylon by George S. Clason
• Thou Shall Prosper by Rabbi Daniel Lapin

Tweetable Topics:

• “I’m not worried about 20 years from now because I might be dead — so I want to take the tax benefits now.” (Tweet This!)

Connect with Cameron

• Cameron’s BiggerPockets Profile

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

People have a lot of excuses about why they aren’t’ investing in real estate. “I work too much.” “I live in an expensive area.” “I don’t know enough.” But on today’s show, we sit down with a BiggerPockets member who is absolutely crushing it — despite a full-time job, living in Silicon Valley, and being brand-new to real estate. You’ll learn how Kevin Wood has managed to go from zero to twenty-five deals in under a year, largely using networking on BiggerPockets to make it happen. You’ll be inspired, motivated, and educated to get off the bench and jump into the game!

In This Episode We Cover:

• How Kevin went from 0 to 25 units in less than a year
• How to overcome the fear of buying that first deal
• How BiggerPockets helped Kevin focus on his investing
• The “condo mistake” Kevin almost made for his first deal
• How to have a competitive advantage
• Tips for approaching other investors
• Why (and how) Kevin bought five houses at once for his first deal
• The logistics of buying five properties at once as a newbie
• How to know if you’re buying a good deal or not
• The benefits of analyzing 100 deals
• Investing in stocks vs. real estate
• How to make a good partnership
• Tips on working with partners — the good, bad, and ugly
• How to introduce yourself on BiggerPockets
• How Kevin got a $200,000 discount on his 6-plex
• The 14-unit turnaround — and the drama associated with it
• How to work with a designer to get the best look for a unit
• A discussion on contractors and how to find them
• How to manage a multifamily complex
• The caveats associated with big fixer-upper deals
• Tips on going for package deals
• The genius negotiating strategy Kevin uses to get incredible deals
• And SO much more!

Links from the Show

• BiggerPockets is hiring!
• BiggerPockets’ Twitter
• Mail BiggerPockets Support
• Real Estate Deal Analysis and Advice Forum Category
• BiggerPockets Calculators
• BiggerPockets Forums
• BiggerPockets Radio Podcast 003: Getting Started in Real Estate and Raising Money with Brian Burke
• BP Podcast 076: Growing Your Real Estate Company Into a $30 Million Dollar Business with Brian Burke
• BP Podcast 152: Building Wealth and Passive Income with Rental Properties with Ben Leybovich, Brian Burke, and Serge Shukhat
• BiggerPockets Webinar
• Keyword Alerts
• Rob Regan’s Website
• BP Podcast 077: Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael Quarles
• Sharon Tzib’s Profile

Before and After Images

• Before
• After Rehab

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert Kiyosaki
• Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
• Investing in Apartment Buildings by Matthew Martinez
• The Millionaire Real Estate Investor by Gary Keller
• The 4-Hour Workweek by Timothy Ferriss
• The One Thing by Gary Keller and Jay Papasan

Tweetable Topics:

• “Once you have that first deal, you suddenly become more legitimate.” (Tweet This!)
• “Once the number makes sense, then we do everything we can to find the yes.” (Tweet This!)
• “Never compromise in your returns.” (Tweet This!)

Connect with Kevin

• Kevin’s BiggerPockets Profile

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

One of the best ways to achieve incredible results in your life is to model others who have succeeded before. At least- that’s how our guest today was able to do over 100 deals- all before his 28th birthday! Today Matt Aitchison shares his story of overcoming a rough past and how he used real estate to define an incredible future. This powerful show is slammed packed with actionable tips and tactics that YOU can use, right now, in your business to increase your net worth through real estate investing! This show is bound to go down in the books as one of the greatest shows in BiggerPockets history!

In This Episode We Cover:

• How Matt learned to invest as a child!
• Matt’s first deal – that made him $100,000
• Teaching your kids about real estate investing
• Building a sizable real estate team
• How Matt “models” others to achieve success
• How to attract a mentor
• The importance of “showing up“
• What makes a good wholesaler?
• The creative strategy Matt uses to buy properties for $0 out of pocket!
• How to vet a borrower if you are the lender
• How Matt handle the phone leads in his business
• Hiring an intern to replace your day-to-day tasks
• The actual response and conversion rates Matt gets from direct mail
• And SO much more!

Links from the Show

• New PRO Feature: Keep Track of Colleagues Through Lists! (forum post)
• BiggerPockets Pro
• BiggerPockets Calculators
• BRRRR Strategy
• Grays Harbor HomeBuyers
• GoBundance

Books Mentioned in this Show

• The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matt MacFarland
• Rich Dad Poor Dad by Robert Kiyosaki
• Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
• The ABCs of Real Estate Investing by Ken McElroy
• Essentialism: The Disciplined Pursuit of Less by Greg McKeown
• The One Thing by Gary Keller and Jay Papasan

Tweetable Topics:

• “If you’re not keeping score you’re just practicing.” (Tweet This!)
• “Life rewards the people who show up everyday.” (Tweet This!)

Connect with Matt

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

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

What’s it truly take to go from beginner to advanced in real estate? On this episode of the BiggerPockets Podcast, we sit down with Steve Mills, who shares exactly how he was able to overcome a bad first deal, find mentors, work with a partner, and eventually do more than four hundred real estate deals! This show is both highly motivating and informative and will definitely leave you with some great nuggets that you can use in your business to buy more real estate and have more fun doing it!

In This Episode We Cover:

• Where Steve comes from and a discussion about Detroit
• How he got into real estate
• The entrepreneurial mindset
• Why you should educate yourself
• What his first deal looked like
• The importance of using bad deals as a learning experience
• Thoughts on selling via a land contract
• Why Steve chose wholesaling
• Details on his first wholesale deals
• How to negotiate your way to getting deals
• What you should know about zoning
• How to understand a lead
• Functional obsolescence
• Changing strategies as your business grows
• A discussion on commercial real estate
• How to find the confidence to do deals
• And SO much more!

Links from the Show

• BP Podcast 093: 0 to 400 Deals (in 5 Years!) via Smart Marketing with Erik Stark
• BiggerPockets Forums

Books Mentioned in this Show

• Think and Grow Rich by Napoleon Hill
• Rich Dad Poor Dad by Robert Kiyosaki
• Psycho-Cybernetics by Maxwell Maltz

Tweetable Topics:

• “Real estate allows so much opportunity and growth in life.” (Tweet This!)
• “Having a group and joining one created a confidence in me.” (Tweet This!)
• “You can’t go acting broke and talking money.” (Tweet This!)

Connect with Steve

• Steve’s BiggerPockets Profile
• Steve’s Facebook
• Steve’s LinkedIn

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

Having a full-time job can make investing in real estate tough. However, with the right systems, people, and plan, your business can thrive no matter how few hours you have to dedicate towards it! In this episode of the BiggerPockets Podcast, we sit down with Bill Allen, a navy pilot who’s done just that in a very short time. We talk about hiring your first employee, finding good deals, using low down payment loans to fund your deals, and a lot more. If you are looking to make your real estate business launch into the stratosphere, don’t miss a moment of this show!

In This Episode We Cover:

• What Bill does aside from being active duty in the U.S. Navy
• How he got into the real estate world
• The importance of being able to walk away from a house
• What you should know about the housing assistance program
• His $185k loss in an investment
• The difference between buying rentals and buying primary residences
• His first investment property
• What exactly a VA loan is
• How he uses VA loans creatively to finance his investing
• How to treat real estate as a business
• Mistakes on his first flip and what he could have done better
• How Bill got private money despite not having deals under his belt
• Tips for flipping while having a full time job
• How to structure your business to maximize the potential in your market
• Considerations while hiring your first employee
• The importance of setting task lists
• How to incentivize those you hire
• How many deals has Bill done
• Thoughts on diversifying your business
• Tips for creating a good website
• How to funnel your leads
• And SO much more!

Links from the Show

• The BiggerPockets Team
• House Hacking 101
• WordPress
• ThemeForest
• BP Podcast 144: Getting Out of Your Comfort Zone and Kicking Butt at Real Estate with Danny Johnson
• BP Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan
• BP Podcast 077: Negotiating Your Way to 1000 Wholetail Real Estate Deals with Michael Quarles

Books Mentioned in this Show

• The Book on Investing with Low or No Money Down by Brandon Turner
• The Book on Flipping Houses by J. Scott
• The 4-Hour Workweek by Timothy Ferriss
• Flipping Houses Exposed by Danny Johnson
• The Bogleheads’ Guide to Investing by Taylor Larimore
• The Millionaire Next Door by Thomas J. Stanley
• The One Thing by Gary Keller and Jay Papasan

Tweetable Topics:

• “It’s not emotional. I buy it as an investment property.” (Tweet This!)
• “If they can do it, I can do it.” (Tweet This!)
• “Know what the value of something is before you pay for it.” (Tweet This!)

Connect with Bill

• Bill’s BiggerPockets Profile
• Bill’s Personal Website

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

No one likes paying taxes, so let’s talk about how you can pay FAR less to the IRS! On today’s show, we sit down with real estate investor and CPA Amanda Han, the author of the brand new book The Book on Tax Strategies for the Savvy Real Estate Investors. In this powerful (and fun!) interview, you’ll learn about the biggest tax mistakes investors make when setting up — and running — their real estate business. This interview could literally save you thousands of dollars! Dig in!

In This Episode We Cover:

• The new book that will help you save money
• Who Amanda Han is and how she became CPA to an investor
• Why the Tax Code is a language on its own
• The importance of working with a CPA in regard to the Tax Code
• The big list of people who screw up their taxes
• Getting the right legal entity on the first deal
• The two things to ask your CPA
• Legitimate tax deductions you should know
• Getting deductions from equipment
• What you should know about the home office deduction
• Other neglected deductions
• A discussion on income shifting
• Why you need to make sure you keep receipts
• How to figure out if an activity is deductible through a CPA
• Important retirement strategies
• What you should know about self-directed investing
• The basics of a 401(k)
• The tax deferred and leverage concepts all rolled into one
• Tips for getting benefits from depreciation
• Entities and mistakes people make with them
• How having corporations save on tax
• Why you need proactive planning
• And SO much more!

Links from the Show

• BP Podcast 049: Real Estate Tax Tips, Jokes, and Loopholes With Amanda Han
• BP Podcast 011 : The Ultimate Beginner’s Podcast For Real Estate Investors
• BiggerPockets Podcast
• SenseFinancial
• 4 Depreciation Tax Mistakes Investors Need to Avoid
• BiggerPockets Webinar
• BiggerPockets Store
• BiggerPockets Forums

Books Mentioned in this Show

• The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland
• Rich Dad Poor Dad by Robert Kiyosaki
• The 4-Hour Workweek by Timothy Ferriss

Tweetable Topics:

• “Within the Tax Code, there are a lot of loopholes.” (Tweet This!)
• “As long as you can show that it is necessary for your business, it should be a tax reduction.” (Tweet This!)
• “Depreciation is not a choice.” (Tweet This!)

Connect with Amanda

• Amanda’s BiggerPockets Profile
• Amanda’s Website

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

A lot of people make good income from their jobs, but few are able to turn that income into lasting, generational wealth. That’s why we’re super pumped to bring you this interview with professional football player Ryan Broyles. Ryan shares the strategies he used to turn the money made from football into rental properties that will provide for his future for decades to come. Ryan candidly talks about the creative strategies he’s used to pull off some impressive deals, the keys to working with partners, living life on a budget, and more. This episode is bound to change your outlook on investing, whether you are a football fan or not!

In This Episode We Cover:

• Who Ryan Broyles is
• A mandatory discussion on the NFL (and the Broncos!)
• Why he got into real estate investing
• Ryan’s first deals
• What exactly “legacy income” is
• How to avoid bankruptcy after a career
• Thoughts on lobbying for the rookie symposium
• How to know if you can trust a potential partner
• How to do your homework when investing with a partner
• What it was like when he was a first-time landlord
• Why you shouldn’t overthink making deals
• How Ryan manages via an LLC
• What you should know about bulk deals
• How he buys houses
• Why you should mix cash flow and appreciation
• The importance of continuous learning
• A micro way of thinking about budgeting
• A discussion on living within your means
• A look at Ryan’s blueprint
• What to do when you reach your goals
• Why you should have a “unit perspective” in real estate
• What Ryan’s long term plan looks like
• And SO much more!

Links from the Show

• Josh’s Twitter
• BiggerPockets Forums
• BiggerPockets Twitter

Books Mentioned in this Show

• Rich Dad Poor Dad by Robert Kiyosaki
• Investing For Dummies by Eric Tyson

Tweetable Topics:

• “You can keep exploring real estate your whole life.” (Tweet This!)
• “If I don’t get the best deals, I’m not going to take them because I’m already where I want to be.” (Tweet This!)

Connect with Ryan

• Ryan’s Website
• Ryan’s Twitter
• Ryan’s Facebook

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