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BiggerPockets Real Estate Podcast

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Want financial freedom through real estate investing? Then the BiggerPockets Real Estate Podcast is for you. Sit down every Monday, Wednesday, and Friday with Dave Meyer, the Head of Real Estate at BiggerPockets, as he uncovers tried and true tactics and shares candid conversations with real estate investors who are building wealth in today’s market. Join Dave to walk through deals that went right (and wrong) and learn the strategies you can deploy—start growing your side income today to take control of your financial future.
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Published 2014-02-20

58: Flipping and Wholesaling Homes While Working Full Time with Justin Silverio

69 min
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For anyone who’s flipped a house before, you understand how much work it can take. However, today’s guest is not only flipping one house – but three all at the same time while still working a full time day job. Today Justin Silverio, an investor out of the Boston Massachusetts area, shares with us a ton of tips about getting started, building systems to manage your business, working with partners, wholesaling, and a whole lot more.

In This Show, We Cover:

  • Why it took Justin three attempts to get into real estate
  • How Justin overcame “Analysis Paralysis“
  • Making less than minimum wage on the first flip
  • The 5 documents you need to get from your contractors
  • How a contractor stole from Justin and his business
  • When it’s okay to make nothing on a flip
  • Building a business plan to help you succeed
  • Direct mail marketing to motivated sellers
  • Partnering with others when flipping houses
  • How Justin can flip three houses, at the same time, while working a full time job
  • Tackling HUGE rehabs as a newbie
  • And LOTS more!

Links from the Show

Today’s QuickTip: Diary of a New Construction Project

Books Mentioned in the Show

Tweetable Topics

  • “The school of hard knocks sometimes teaches better than a $60,000 bootcamp.” (Tweet This!)
  • “A business plan shows you are serious about your business.” (Tweet This!)
  • “You never know when the next deal is going to happen – so never quit!” (Tweet This!)

Connect with Justin

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Published 2014-02-13

57: An Introduction to Investing in Vacation Rental Properties with Matt Landau

70 min
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The sand between your toes, the soft roar of the waves crashing on the beach, the beautiful people sunbathing on the shore. If this is your vision of a vacation rental… it’s about to change!

In today’s episode of the BiggerPockets Podcast, we chat with vacation rental expert Matt Landauabout getting started as a vacation rental investor and building a scalable (and profitable) business around leasing rental properties to nightly guests in great vacation areas. Matt shares a ton of great tips, tricks, and skills to help you learn more about this fascinating – and largely misunderstood – niche of the real estate space.

Additionally, Matt shares some really great tips for any landlord to decrease vacancy rates and increase profits in your real estate business, so no matter what kind of investing you currently engage in, this episode is bound to help your business improve!

So grab a beach chair, make yourself a piña colada, and  sit back and relax… it’s time to take a vacation!

In This Show, We Cover:

  • What is a vacation rental – and why should you consider one?
  • The legalities of vacation rentals
  • Screening for the tenants who won’t destroy your property
  • Marketing for great tenants
  • The first steps in buying a vacation rental property
  • Expenses when dealing with a vacation property
  • Using Adwords to fill vacancies
  • The secret to getting national press for your properties
  • And a lot more!

Books Mentioned in the Show

Links from the Show

Tweetable Topics

  • We’re at the beginning of a very massive trend: vacation rentals. (Tweet This!)
  • Be generous in having faith in people. (Tweet This!)
  • Create a bulletproof reputation of being the industry expert. (Tweet This!)

Connect with Matt

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Published 2014-02-06

56: Syndicating Deals, Investing without Tenants, and Tax Liens with Ankit Duggal

80 min
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Dealing with tenants can be a pain… which is why on today’s show we’re going to go beyond tenants and look at some “no-tenant” methods of investing in real estate.

Specifically, we’re going to talk with real estate investor Ankit Duggal about his journey from real estate agent to syndicator to house flipper to landlord and finally to tax lien investor. Ankit has a great story and offers hundreds of great pieces of advice on this show perfect for both the new investor or someone looking to add some new skills to their investor tool belt!

In This Show, We Cover:

  • Getting started at a young age
  • Transitioning from Agent to Investor
  • How Ankit financed his early investments using other people’s money
  • Your three circles of influence for raising money
  • The three team members you need before syndicating
  • Investing with close family members
  • What is a tax lien and how (and why) to buy one.
  • Earning 18% on your money through Tax Liens
  • Why tax liens have almost no risk
  • How to do your due diligence on a tax lien
  • And lots more!

Books Mentioned in this Show

Links from the Show:

Tweetable Topics

  • I’m not “money-driven” – I’m “lifestyle-driven.” (Click to Tweet!)
  • Educated yourself as an investor. That’s the first step in any investment. (Click to Tweet!)
  • I don’t believe in ‘get rich quick.’ You gotta put in the time and effort. (Click to Tweet!)

Connect with Ankit

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Published 2014-01-30

55: The Five Steps Needed to Get Any Lender to Say “Yes” with Jimmy Moncrief

76 min
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Simply put – this podcast could change your financial life.

You see, a banker can be your best friend or your worst enemy when trying to invest in real estate, as a great loan can mean the difference between long term success and failure. This is why we are super excited to introduce you to Jimmy Moncrief (your new best friend!) on the BiggerPockets Podcast today.

Jimmy is a commercial bank underwriter as well as a real estate investor, so he has a unique insight into the mind of a bank – especially involving real estate investing. . Jimmy is going to share some incredible, actionable tips that any investor can start using today to get your bank to say “Yes” to your next financing request. In addition, Jimmy offers some unique tips for finding great FSBO deals and getting into your first deal.

This show contains so many tips and ideas to help you do more deals, get better financing, and change your future – so grab your pen and paper and set aside the next hour for a truly remarkable show.

Read the transcript for episode 55 wth Jimmy Moncrief here.

In This Show, We Cover:

  • Turning your own home into a rental
  • Buying a cash flow crazy triplex
  • Jimmy’s “lucky” method of finding properties FSBO
  • How real estate investors do everything backwards
  • Jimmy’s awesome “Quick Tip” about interviewing a bank
  • An insider look at the Five “Cs” for getting a loan
  • Why Jimmy hates credit scores
  • How to turn around a loan denial
  • Getting commercial “HUD” loans
  • Tips for refinancing your investment properties
  • Using cross collateralization to secure financing
  • No money down… is it possible?
  • And LOTS more…

Books Mentioned in this Show

Links from the Show: 

Tweetable Topics

  • HUD loans are like a pregnancy: fun at the beginning, painful at the end! (Click to Tweet!)
  • If you are serious about investing in real estate – you need to know the 5 Cs. (Click to Tweet!)
  • If you take a proactive approach to lending, everything works out better. (Click to Tweet!)
  • If you want to be a serious real estate investor – treat it like a business. (Click to Tweet!)

Connect with Jimmy

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Published 2014-01-23

54: Investing in Under $30k Real Estate, Working a Day Job, and Good Vs. Bad Neighborhoods with Lisa Phillips

72 min
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How much money does it really take to buy a rental property?

$200,000? $100,000? $75,000?

On today’s show, we are going to chat with Lisa Phillips, a real estate investor who buys real estate in the under-$30,000 range and achieves some incredible cash flow from her mostly-passive investing. Lisa shares some amazing insights into how she went from a personal foreclosure to owning several rental properties – bypassing the banks and investing creatively. If you are someone who is looking to get started investing with real estate investing without spending hundreds of thousands of dollars – this is the show for you.

Read the transcript for episode 54 with Lisa Phillips here.

In This Show, We Cover:

  • Investing in real estate while navigating the instability of day jobs
  • How going through a foreclosure changed Lisa’s financial future… for the better
  • Knowing when to call it quits
  • Tips for negotiating with creditors
  • What makes motivated sellers attracted to a certain real estate investor?
  • Tips for defining a good vs bad neighborhood
  • Finding a property manager who exceeds your expectations
  • How much does a good property manager charge?
  • Simple tips for attracting the best tenants to your rental properties
  • The positives and negatives of low-price investing
  • What crimes are acceptable?

Links from the Show

Books Mentioned in the Show:

Tweetable Topics

  • “Be clear & upfront with what you can do for other people. What’s in it for them?” (Click to Tweet!)
  • “Landlords: never sacrifice your standards just to fill a vacant unit.” (Click to Tweet!)
  • “When looking to invest in real estate, leverage the power of the internet.” (Click to Tweet)

Connect with Lisa

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Published 2014-01-16

53: Investing Without Loans and Retiring Early with Jason Hull

96 min
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On today’s episode of the BiggerPockets Podcast we have an incredible chat with financial planner, real estate investor, and an all-around great guy – Jason Hull.

Jason has a great story of how his early mistakes led to his conservative but effective strategy of building wealth through rental property… all without the use of leverage, loans, or doing any labor. Jason has some terrific insight into the way our human behavior causes us to act and invest, – so don’t miss this entertaining and informative show that will have you looking at your real estate in a whole new light.

Read the transcript for episode 53 with Jason Hull here.

In This Show, We Cover:

  • Getting over-extended with his first deals and facing the housing collapse
  • The “Oh Crap” backup plan
  • The only two ways to make money in real estate
  • Separating your skills from what the market is doing
  • Getting “lucky” in real estate
  • Getting to “P.I.R.E.” = Passive Income, Retire Early
  • Why Jason doesn’t use leverage (mortgages)
  • How to find an awesome property manager
  • Working with a Financial Planner
  • Stocks vs. Real Estate… Where is the balance?
  • Why you should open a Roth IRA with $100

Links from the Show

Books Mentioned in the Show

Tweetable Topics

  • Invest for the cash flow. The appreciation is just gravy. (Tweet This!)
  • I want to be lazy when I retire! (Tweet This!)
  • Having money problems with your spouse is a sign of bad communication. (Tweet This!)

Connect with Jason

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Published 2014-01-09

52: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy

77 min
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On today’s episode of the BiggerPockets Podcast, we talk with one of the most influential voices in the real estate investing world today – Ken McElroy.

Ken, the author of The ABC’s of Real Estate Investing and several other influential books, shares his story of getting started with nothing and building up a real estate investment company with thousands of units and hundreds of employees. Ken has a lot of great advice and knowledge for people at all stages of their investing careers, and shares it in a fun, entertaining manner.

On today’s show we’re going to talk a lot about getting started, raising capital, and investing in large apartment complexes for big wins. Don’t miss a second of this exciting show!

Read the transcript for episode 52 with Ken McElroy here.

In This Show, We Cover:

  • Getting started with no money – through property management
  • Why should someone invest in multifamily properties?
  • Using other people’s money to invest in real estate
  • Investing at a distance vs. investing locally
  • Determining the best locations and markets to invest in real estate
  • Cash flow vs. appreciation: which is best?
  • Ken’s newest $9 million dollar project 
  • Why Ken loves bad landlords
  • How to find amazing apartment complex deals
  • Raising millions of dollars in 20 minutes
  • How to find a great property manager?
  • Should someone start with Apartment Complex Investing?
  • The worst mistake you can make as a real estate investing

Links from the Show

Books Mentioned in the Show

Tweetable Topics

  • The faster you fail, the smarter you get. (Tweet This!)
  • “You don’t need to be an expert at everything.”(Tweet This!)
  • There’s a lot more money out there than deals. (Tweet This!)
  • The best deals are generated from face to face relationships. (Tweet This!)
  • The entire goal of my company is to replace myself. (Tweet This!)

Connect with Ken

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Published 2014-01-02

51: Small Multifamily Properties, Working a Full Time Job, and Training Tenants with Mike Sherwood

66 min
View

On today’s episode of the BiggerPockets Podcast, we cover a huge range of really important topics with real estate investor Mike Sherwood, including investing while holding a full time job, working with a partner to grow quickly, getting started with a small multifamily property, and a lot more.

Mike has invested in the Buffalo, NY for several years now, doing both rentals and is getting into fix and flip, so he has a ton of insight for both those just getting started and for those with a lot of experience already.

This show has so much good information and helpful tips for any real estate investor, this is going to be one you’ll want to listen to over and over just to make sure you get all the great nuggets out of it.

Read the transcript for episode 51 with Mike Sherwood here.

In This Show, We Cover:

  • Buying a small multifamily to live for free
  • The secret to living next door to your tenants
  • Training your tenants
  • When is an emergency an emergency?
  • Managing your own properties vs. hiring a property manager
  • Tips for working a full time job AND investing on the side
  • Finding good deals on the MLS
  • How Michael found a partner to invest with
  • Legally structuring a partnership for real estate
  • Ways to systematize your business
  • The key to finding partners on BiggerPockets
  • Flipping houses while working a full time job

Links from the Show

Books Mentioned in the Show

Tweetable Topics

  • “Establish guidelines upfront with your tenants to save yourself a lot of trouble.” (Tweet This!)
  • “I wish there were more agents who understood what investors want.” (Tweet This!)
  • “You can make any real estate deal look good with 80% down.” (Tweet This!)
  • “The most important thing in a partnership is being able to constructively handle differences.” (Tweet This!)

Connect with Mike

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Published 2013-12-26

50: Getting Started and No Money Down House Flipping with Mike Simmons

93 min
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On today’s episode of the BiggerPockets Podcast, we sit down and talk about the best ways to get started with real estate investing, as well as some killer tips for investing without using your own money.

From picking a niche, overcoming analysis paralysis, and a lot more – our guest, Mike Simmons, will share his story of overcoming obstacles and becoming a full time house flipper in the Metro Detroit area.

Mike has a great story and an incredible strategy for flipping houses using no money of his own, so whether you are brand new or have been investing for years – you don’t want to miss Mike’s creative advice.

Read the transcript for episode 50 with Mike Simmons here.

In This Show, We Cover:

  • Overcoming “shiny object syndrome” and “analysis paralysis”
  • Losing $1000 on his first “almost deal.”
  • Finding contractors without losing your hair
  • Dealing with Detroit investing
  • Why Mike had to evict a squatter who broke into his property
  • Finding good deals in any market
  • Using social media to attract private money
  • Using partnerships to get started or to grow
  • How Mike structures partnerships
  • Should you start with wholesaling?
  • And a whole lot more!

Links from the Show

Books Mentioned in the Show

Tweetable Topics

  • You can read for days – and never do anything. Get out there and DO something. (Tweet This!)
  • Work with a Realtor who knows you and knows your business. (Tweet This!)
  • 50% of something is better than 100% of nothing. (Tweet This!)

Connect with Mike

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Published 2013-12-19

49: Real Estate Tax Tips, Jokes, and Loopholes With Amanda Han

81 min
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In today’s episode of the BiggerPockets Podcast, we are going to talk about something you may think is a bit boring… taxes..

BUT WAIT! Perseverance 

Before you move on to go watch the latest episode of Dancing with the Stars… I promise you this interview isn’t going to bore you to tears, but in-fact could potentially save you thousands of dollars this year alone on your upcoming tax bill. Today, real estate investor and CPA Amanda Han is going to bring a TON of really great tips and advice to help you make sure you are making, and keeping, the most wealth possible.

Additionally, this show is one of the most fun interviews we’ve done on the Podcast, so it definitely brings the once-boring topic of tax planning to a whole new entertaining level. No matter what stage of investing you are in – you definitely don’t want to miss this incredible show.

Read the transcript for episode 49 with Amanda Han here.

In This Show, We Cover:

  • How to find a good syndication deal
  • Important tax changes YOU need to know for 2013 and 2014
  • The Obamacare Tax – do you need to pay it?
  • The loophole that allows real estate investors to write off “paper losses.”
  • The new laws and tax changes that may limit your mortgage interest deduction
  • When to talk to a tax strategist
  • How to find a great CPA
  • The biggest misconceptions about tax deductions
  • What legal entity should you have?
  • Things YOU need to do before the end of 2013
  • How to deduct your cat food?
  • Investing with a Self Directed IRA
  • Common tax mistakes that many investors make
  • And much, much more.

Books Mentioned in the Show

Tweetable Topics

  • When looking at syndicated deals, the #1 most important thing to look at is the syndicator, the team behind the deal. (Tweet This!)
  • If you’re educating your accountant, it’s probably time to find a new one. (Tweet This!)

 Connect with Amanda

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Published 2013-12-12

48: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager

86 min
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On today’s episode of the BiggerPockets Podcast, we talk with real estate investor Darren Sager about his fascinating business model involving buy and hold real estate, live-in flips, and managing properties with minimal hassle.

This show is crammed full of awesome, actionable ideas, tips, and lessons – so don’t miss a second of it!

Read the transcript for episode 48 with Darren Sager here.

In This Show, We Cover:

  • The college professional who got Darren started
  • When to use the 1% rule
  • How Darren bought his first property for almost nothing down
  • The $400,000 live-in flip
  • The #1 most important characteristic Darren looks for in properties
  • The secret to renting property to people with children
  • How to save thousands of dollars using YouTube.
  • And a whole lot more

Links from the Show

Books Mentioned in the Show

 Tweetable Topics

  • “If a deal doesn’t at least meet the 1% rule – run away.” (Tweet This!)
  • “It may be cliche, but when buying real estate… location is everything.” (Tweet This!)
  • “The worse condition a property is in, the more I’ll love it!” (Tweet This!)
  • “The most successful people are those who failed the most.” (Tweet This!)

Connect with Darren

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Published 2013-12-05

47: Apartment Complexes, NNN Leases, and Commercial Real Estate with Joel Owens

95 min
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How do you like the idea of making double digit returns while not needing to lift a finger with your investments? If so – this is the show for you. On this 47th episode of the BiggerPockets Podcast we sit down with commercial real estate investor and broker Joel Owens to learn strategies for getting started with commercial real estate investing. From apartment complexes to NNN lease investing and a lot more, this show is packed full of tips for investors in all walks of life.

In This Show, We Cover:

  • How Joel got his start… from Pizza Owner to Apartment Broker/Buyer
  • Joel’s first investment… that turned bad quickly
  • What makes an A, B, C, and D neighborhood
  • How much does it really cost to buy commercial real estate?
  • Should someone start with apartments or single family properties?
  • Where to find apartment complexes and other commercial properties
  • How to determine the value of an apartment
  • How to carry out the “Value Add” strategy
  • No money down commercial investing?
  • Carrying a second mortgage when selling real estate
  • NNN Lease Investing – How to get started with this passive investments
  • And a LOT more

Links from the Show

Books Mentioned in the Show

Dealmaker’s Guide to Commercial Real Estate: Strategy and Practice for the Intelligent Investor by Ray Alcorn

Tweetable Topics

  • “You have to have a certain mentality to live next to your tenants… I don’t have that personality.” (Tweet This!)
  • “If you are used to buying houses, apartment investing is the easiest to get into.” (Tweet This!)
  • “Real estate is like a roller coaster – fast lows and fast highs…with a lot of coasting in the middle.” (Tweet This!)
  • “Run your real estate like a business, not a hobby.” (Tweet This!)
  • “Small steps lead to big results.” (Tweet This!)

Connect with Joel

Example of Income Approach Math

  • Property Type: 4 Plex
  • Income Per Unit: $400
  • Gross Monthly Income: $1600
  • Gross Expected Income: $19200
  • Subtract out all operating expenses (60%) $19,200 x .4 = $7,680
  • Net Operating Income: $7,680
  • Divide by Purchase Price to get Cap Rate: $7,680/100,000 = 7.68%
  • Cap Rate: 7.68%

Example of How to Determine How Much You Can Afford

  • Cash Down Payment, 10%: $300,000
  • Seller held back a 15% second mortgage: $450,000
  • Total Purchase Price: $3,000,000
  • First Mortgage: $2,250,000

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Published 2013-11-28

46: Six Figure Profit Spec Building and Marketing for Incredible Deals with Jon Klaus

85 min
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On today’s special Thanksgiving Day show, we sit down with one of BiggerPockets’ most active members and biggest success stories, Jon Klaus.

Jon has flipped homes, built new properties, rented homes, and done a huge variety of other activities in the real estate space. Not only is Jon an incredibly nice guy, he’s also one of the smartest investors you’ll ever hear from.

Don’t miss a second of this powerful show, where we cover everything from marketing for killer good dealsoutside of the MLS, arranging financing for your deals, getting started with no money, and even a step by step journey through a six-figure spec build.

Read the transcript for episode 46 with Jon Klaus here.

In This Show We Cover

  • How Jon got started…using lawn mowing money
  • Mistakes Jon has made involving War Zones
  • The 7,000 sq ft house flip
  • The 2% Rule – what it is, when to use it
  • When to change your strategy
  • The secret for beating other investors with great deals
  • How to market for incredible deals
  • How a single trees can cost you over $200,000
  • A step by step guide for spec building
  • The four elements needed for a successful spec house

Books Mentioned in the Show

Links from the Show

Tweetable Topics

  • With determination, focus, and a little bit of money – you can get started as a real estate investor today. (Tweet This!)
  • The deal flow will always be there; people will always buy and sell real estate. (Tweet This!)
  • Buy the property right – that makes all the difference in the world. (Tweet This!)
  • The key to success is determination and endurance. Winners don’t quit when it gets hard. (Tweet This!)

Connect with Jon

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Published 2013-11-21

45: Finding Your Unfair Advantage, Rural Investing, and Getting Started with Tom Sylvester

71 min
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On today’s episode of the BiggerPockets Podcast, we cover a huge variety of really interesting topics with real estate investor Tom Sylvester (yes, that rhymes!)

Tom has been investing in the Rochester, NY area for several years and has a great perspective on getting started, building systems to manage your business, investing in rural areas (or as Brandon says, “rrrrrurrral”,) and a whole lot more.

Don’t miss a second of this excellent interview!

Read the transcript for episode 45 with Tom Sylvester here.

In This Show, We Cover

  • Tom’s early lessons
  • The advantages and disadvantages to rural investing
  • Finding mentors and networking
  • Talking with your spouse about getting started with real estate
  • Getting started with real estate at a young age
  • When is the right time to quit your day job?
  • Red flags for problem tenants
  • The $10 Toilet part that could have saved Tom hundreds of dollars
  • And much more.

Links from the Show

Books Mentioned in the Show

Tweetable Topics

  • Find your unfair advantage in business and exploit it. (Tweet This!)
  • What do you want your life to be? How are you going to get there? (Tweet This!)
  • If you aren’t finding success – be persistent but change your tactic. (Tweet This!)
  • Know the difference between a cheap property and deal. (Tweet This!)

Connect with Tom

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Published 2013-11-14

44: Creating Systems to Flip Houses While Still Employed with Michael Woodward

72 min
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Trying to investing in real estate while holding a full time job is tough – but trying to flip houses can be even tougher. From dealing with contractors to finding money to getting the deals in the first place – flipping often feels like a full time job in itself. Luckily, today we talk with someone who is doing all those things while working a demanding day job – and finding great success at it. Michael Woodward sits down with us today to show us the systems he uses to balance both his house flipping with the rest of his life – all while maintaining a full time job. Whether you are a flipper, wholesaler, or Buy and Hold investor – you don’t want to miss this great interview on systemizing your business.

Read the transcript for episode 44 with Michael Woodward here.

In This Show, We Cover

  • Why Michael quit his job – but ended up going back into a full time job again
  • When’s the right time to quit your job?
  • Failure – when it’s necessary
  • Learning the tough lessons about doing your own work
  • One trick to help you find the very best contractors
  • What’s the “Ideal Flip?”
  • Why Michael fully furnishes all his properties
  • Dealing with troublesome neighbors
  • How Michael is funding his flips
  • Managing a flip while working a full time job
  • The List System that helps Michael know what comes next in a flip
  • The best place to buy appliances
  • and a lot more

Links from the Show

Books Mentioned in the Show

Tweetable Topics

  • The nice thing about BiggerPockets is the ability to share what we know. (Tweet This!)
  • If you’re going to go big you’re going to have to fail somewhere. (Tweet This!)
  • You can talk yourself into any deal. It doesn’t make it right. (Tweet This!)
  • The only way to invest in real estate while holding a job is to have systems. (Tweet This!)

Connect with Michael

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Published 2013-11-07

43: Getting Started, Making Offers, and Crazy Properties with Shaun Reilly

70 min
View

On today’s episode of the BiggerPockets Podcast we sit down with real estate investor Shaun Reilly to talk about a wide range of topics – from getting started while living in an expensive area to wholesaling, putting in offers, flipping houses, buy and hold, and a lot more.

This interview was a ton of fun to do and there are so many great nuggets of information that anyone who listens will walk out with skills they can apply to their real estate investing business.

Read the transcript for episode 43 with Shaun Reilly here.

In This Show, We Cover:

  • How to start investing when properties are super expensive
  • The benefits and pitfalls of investing in condos
  • How Shaun got his first successful flip from a failed wholesale deal
  • Investing in real estate with a credit card
  • Shaun’s direct mail campaign – and how he got the list for free
  • Tips on working with real estate agents
  • Offering on HUD Properties
  • Offering on hundreds of properties to see what sticks
  • The mistakes Shaun has made in his real estate investing
  • The craziest property anyone on our show has ever purchased
  • And more!

Links From the Show:

BP Podcast 038: Unique Strategies for Buying Real Estate with Travis Daggett

Books Mentioned in the Show:

Tweetable Topics

  • Don’t focus on simplistic things that are easy to do but are not effective. (Tweet This!)
  • The key to buying troubled properties is buying them at the right price. (Tweet This!)
  • There are two kinds of real estate investors – those who make a lot of money and those who give up too soon. (Tweet This!)

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Published 2013-10-31

42: Building a Monster Wholesaling Business with Mike Nelson

59 min
View

The concept of wholesaling still confuses a lot of people – and learning how to do it correctly to make great income confuses even more.

Luckily, today on the BiggerPockets Podcast we are going to sit down with a wholesaler who is crushing it with his amazing wholesaling business. Mike Nelson is going to take us inside his business and show us how he is generating huge profits through systems that you can start to implement in your own business today. From marketing to outsourcing to partners and more – this podcast will take you from wholesaling newbie to pro in just an hour.

Don’t miss this show!

Read the transcript for episode 42 with Mike Nelson here.

In This Show, We Cover

  • How Mike lost 2k on the first deal
  • Partnering with others while wholesaling
  • Virtual wholesaling
  • Mike’s exact process for wholesaling a deal
  • Postcards vs. Yellow Letters
  • The one direct mail tip that blew Josh and Brandon away!
  • Tips and tools for finding missing homeowners
  • How to hire a Virtual Assistant to help you in your business

Links from the Show

Books Mentioned in the Show

Tweetable Topics

  • The secret to success in business is fixing other people’s headaches. (Tweet This!)
  • If you don’t have a business card – you are inconveniencing the other person to write down your number. (Tweet This!)

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Published 2013-10-24

41: How to Profit Through Long Term Flipping and Lease Options with Douglas Larson

81 min
View

On today’s episode of the BiggerPockets Podcast, we are excited to bring you a fascinating interview with real estate investor Douglas Larson.

Douglas has been investing for over 15 years, doing everything from flipping, buy and hold, lease options and more. Additionally, Douglas has some great stories of working for several weeks on a Guru sales floor, and sheds new light on the shady sales world that we, at BiggerPockets, stand so strongly against.

You definitely don’t want to miss this entertaining and informative show!

Read the transcript for episode 41 with Douglas Larson here.

In This Show, We Cover

  • How Douglas started investing in an expensive location
  • Tips for starting while working a full time job
  • How to encourage your spouse to support your REI dream
  • Tips for bidding for properties in online auctions
  • “Scandal” in the online auction world
  • Working with your spouse in a real estate business
  • Lessons learned while working the “Guru” sales training
  • Tips for dealing with contractors and keeping them on the job site
  • And a lot more!

Links from the Show

**Also – be sure to check out this great article from Douglas from over in the BiggerPockets Member Blogs with even more information from Douglas, as well as some photos of some of the properties mentioned in the show! “Bigger Pockets Podcast Show 41…” **

Books Mentioned in the Show

Tweetable Topics

  • People pay good money for turn key investments (Tweet This!)
  • A lot of people can talk story – but not everyone get’s it.(Tweet This!)
  • Luck doesn’t fall from the sky. You make your own luck.(Tweet This!)

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Published 2013-10-17

40: 40 Quick Tips for Buying Your First (or Next) Investment Property

52 min
View

Today’s episode of the BiggerPockets Podcast is a little different than normal – in a great way. To celebrate the 40th episode of the Podcast, Brandon and Josh spend an hour sharing their top forty tips for buying your first – or next – investment property. These tips range from marketing to working with agents to investing with a full time job and a whole lot more. Whether you are brand new or are an experienced investor, a flipper, wholesaler, or buy and hold investor – these tips are going to help you build your business and close more deals, faster.

Read the transcript for episode 40 with Josh & Brandon here.

In This Show, We Cover:

  • Working with investor friendly agents
  • Finding and lining up financing
  • The 50%, 70%, 1%, and 2% rules
  • Tips for inspecting property
  • Finding deals that are “off market”
  • Direct mail tips and tricks
  • Negotiation Tips
  • Hiring property management
  • Investing in real estate with a full time job
  • and a whole lot more!

Special Thanks to This Week’s Sponsor

We just want to give a special shout-out to our very first sponsor ever here on the BiggerPockets Podcast – MemphisInvest.com. The team at MemphisInvest continues to provide incredible value to our community, so definitely take a minute to check them out if you are interested in turnkey rental property.

Visit them at Blog.MemphisInvest.com/BP

Links Mentioned in the Show:

Books Mentioned in the Show

Tweetable Topics

  • When dealing with home sellers, look for motivation and equity. (Tweet This!)
  • When analyzing property, don’t let emotion cloud your judgement. (Tweet This!)
  • You can build your reputation by being ‘that guy’ who brings everyone together. (Tweet This!)
  • Find investment niches and strategies that fit your lifestyle. (Tweet This!)
  • Create systems for your business so you are not the bottleneck in your business. (Tweet This!)

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Published 2013-10-10

39: Dirt Cheap Land Flipping and Reaching Motivated Sellers with Seth Williams

77 min
View

Today on the BiggerPockets Podcast, we sit down with Seth Williams, a real estate investor from Michigan, who shares with us his story of finding and flipping vacant land. Although land is often view negatively with investors, the strategies Seth uses will definitely increase your awareness (and desire) for investing in vacant land. In addition, Seth shares his secrets for marketing and speaking with motivated sellers, as well as offering some great tips on generating leads online. This show is packed with ideas and strategies you’ve probably never heard of – so definitely don’t miss a moment of this interview.

Read the transcript for episode 39 with Seth Williams here.

In This Show, We Cover

  • How to “Flip” land for dirt cheap
  • Why people sell land for pennies on the dollar
  • Selling properties via Craigslist
  • Buying 3 lots for $150
  • Marketing through direct mail
  • How to buy lists directly from the county
  • Two places to buy your leads
  • The postcards that give Seth the best leads
  • Dealing with angry phone calls… in a humorous way
  • Building a lead generating website

Links From the Show

Books Mentioned in the Show

Tweetable Topics

  • When people laugh at my offer it tell me I’m doing something right. (Tweet This!)
  • There’s tons of opportunity in land investing – especially for those without a lot of money. (Tweet This!)

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Published 2013-10-03

38: Unique Strategies for Buying Real Estate with Travis Daggett

89 min
View

On today’s episode of the BiggerPockets Podcast, we want to dive into some really great buying strategies for picking up properties for the best deals. Our guest today, Travis Daggett, leads us into some really interesting and high level techniques that any investor, new or seasoned, can immediately apply to their own business. From buying HUD properties to bidding at the Courthouse steps – this show is chalked full of actionable advice. Although Travis is primarily a wholesaler, his story and knowledge on buying great deals can help any house flipper, buy and hold investor, wholesaler, or any other real estate investor. Definitely don’t miss this show.

Read the transcript for episode 38 with Travis Daggett here.

In This Show, We Cover

  • The “failed” early experiences that helped define Travis’ future investing
  • How Travis made 5 figures on his first wholesale deal
  • The benefits (and downsides) of buying a HUD house
  • How to “shotgun” offers on real estate deals
  • Strategies for bidding on the “courthouse steps”
  • Travis’ story of when flipping didn’t work out
  • Tips for being more productive and getting more done in less time
  • Creative ways to attract private money

Links from the Show

Books Mentioned in the Show

Tweetable Topics

  • Just like most things the federal government does – they don’t do it well. (Tweet This!)
  • REI Quick Tip: Find out who the neighbor’s landlord is – and become friends with them.  (Tweet This!)
  • Your first offer shouldn’t be accepted – or it’s too high. (Tweet This!)

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Published 2013-09-26

37: Full Time Income, Part Time Lifestyle Real Estate Investing with Aaron Mazzrillo

88 min
View

Not all real estate investors need to work 80 hours a week to put food on the table and build their wealth. On today’s episode of the BiggerPockets Podcast we are excited to introduce you to Aaron Mazzrillo, a real estate investor from the Southern California area who makes a great full time living with just 4 to 5 hours of work per day. Aaron’s smart strategies for wholesaling, buy and hold, and flipping are fascinating and will give you an entirely new perspective on building wealth through real estate – while enjoying every moment of it.

Read the transcript for episode 37 with Aaron Mazzrillo here

In This Show, We Cover

  • How Aaron was able to quit his job through real estate
  • Investing in expensive areas
  • Finding properties through wholesalers
  • Negotiating with sellers and cash buyers
  • Aaron’s exact direct mail strategy
  • Why wholesaling isn’t the best strategy for starting out
  • Advanced methods for structuring no-money down deals
  • How to really determine expenses on a rental
  • Dealing with tenants without losing your mind
  • Starting a real estate mastermind group

Links From the Show

Tweetable Topics

  • Surround yourself with the kind of people you want to become (Tweet This!)
  • When negotiating, focus on explaining the outcome for the seller (Tweet This!)
  • If you can’t afford to keep it vacant – you can’t afford to keep it (Tweet This!)
  • I don’t consider myself a real estate investor…I consider myself a marketer who invests in real estate. (Tweet This!)

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Published 2013-09-19

36: How to Be an Awesome and Profitable Landlord with Kevin Perk

82 min
View

On today’s episode of the BiggerPockets Podcast, we look at the topic of landlording and get some great advice from long-time landlord Kevin Perk. Kevin is a very successful investor from the Memphis area and has a real good grasp on finding and dealing with tenants as well as some unique methods of financing his properties, getting rid of bad tenants, and building wealth. There is a lot of really great tips and advice for anyone looking to grow their buy and hold real estate business.

Read the transcript to episode 36 with Kevin Perk here.

In This Show, We Cover:

  • How Kevin finances dozens of properties with creative financing
  • Private lending and methods to use commercial financing to invest
  • Making offers that get accepted
  • The three things that turn a landlord into a slumlord – and how to avoid them
  • Online technology to help attract and manage tenants
  • Signs of future bad tenants
  • How to fill vacancies during the holiday season
  • The best and worst parts of being a landlord
  • Real estate clubs: determining the good, the bad, and the ugly

Links Mentioned in the Show:

Books Mentioned in the Show:

Tweetable Topics:

  • Don’t drop your standards just to quickly fill a vacancy. (Tweet This!)
  • When investing in real estate, have some cash reserves. (Tweet This!)
  • If you bet on appreciation – you are going to lose. Real estate doesn’t always go up. (Tweet This!)

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Published 2013-09-12

35: Quitting Your Job, Lifestyle Design, and Being a Traveling Landlord with Paula Pant

64 min
View

On today’s Podcast, we sit down with blogger, investor, BiggerPockets contributor, and perhaps “the most interesting woman in the world”- Paula Pant. Paula has a unique perspective on personal finance that is helping her build a strong buy-and-hold portfolio while maintaining freedom and mobility that most only dream of. This interview is sure to fascinate, entertain, and give some great real estate investing advice that you can use in your own life.

Read the transcript to episode 35 with Paula Pant here.

In This Show, We Cover

  • How traveling the world for two years led Paula to real estate
  • Tips for managing tenants while on vacation
  • How to avoid “creative accounting“
  • Paying yourself when managing your own properties
  • Paula’s definition of “financial freedom“
  • Why pinching pennies might actually hurt you
  • What “Lifestyle Design” is – and how to do it
  • How to quit your job and start living a life you want
  • Tips for saving for that first rental
  • Benefits of blogging about your investing

Links From the Show

Books from the Site:

Tweetable Topics

  • Theres a difference between active income and passive income. Know that difference. (Tweet This!)
  • If I can make, in passive income, as much as the average us household earns – that’s financial freedom. (Tweet This!)
  • Life is too precious to spend it doing something you hate. (Tweet This!)
  • Blogging helps you clarify what you should be doing as a real estate investor. (Tweet This!)

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Published 2013-09-05

34: Virtual Real Estate Investing and How to Find Great Deals in a Hot Market with Anson Young

70 min
View

Many investors find themselves trapped by a heated market – but today’s guest shows that it is fully possible to invest in real estate – even in a hot real estate market.

Anson Young, who lives in the Denver area, joins us today to chat about finding great deals locally and virtually, as well as tips for working with agents, dealing with assignments, and a whole lot more. Anson is a fun guy who has a ton of awesome tips to share with everyone, so don’t miss today’s show!

Read the transcript to episode 34 with Anson Young here.

In This Show, We Cover

  • The “crap jobs” that led to Anson’s real estate investing career
  • How Anson partnered on his first deal without doing any labor
  • Finding great deals on the MLS
  • How Anson finds the best neighborhoods to invest in
  • How to wholesale virtually
  • What to do if you don’t have direct MLS access
  • Using the “Short Sale Time Machine” to build equity
  • How to get around the “non assignment” clause when wholesaling bank repos
  • Mistakes made by Anson when getting started
  • And much more…

Links from the Show

Books Mentioned in the Show:

Tweetable Topics

  • Working crappy jobs can be a good way to get started with real estate investing (Tweet This!)
  • Plan with the end in mind. (Tweet This!)
  • You are either consistent or non-existent. (Tweet This!)

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Published 2013-08-29

33: How to Close 27 Deals in Your First Year While Working Full Time with Sam Craven

67 min
View

On today’s episode of the BiggerPockets Podcast, we sit down with a relatively new investor who is absolutely crushing it as a flipper and wholesaler – Sam Craven. Sam has an incredible story of learning to fight through the initial problems that all new investors face and achieving a lot of success while investing during his weekends and evenings. Sam has a ton of great tips on marketing, making a plan, running an investment business, and a lot more. Don’t miss this show!

Read the transcript to episode 33 with Sam Craven here.

In This Show, We Cover

  • Working with family without killing each other
  • Closing 27 deals during the first year in business
  • Getting leads with direct mail
  • Investing while holding a full time job
  • Partnering with other investors when first beginning
  • How to lower your direct mail response rate … and why you want to
  • Tips on online advertising
  • Making a plan for future growth
  • How to stand out from the “bad wholesaler” crowd
  • How to build a sophisticated buyer’s list
  • How to handle major problems when they come up

Links from the Show

Books Mentioned in the Show

Tweetable Topics

  • “To grow as a real estate investor, get involved in the conversations about real estate.” (Tweet This!)
  • “Transparency is key when attracting clients, partners, and investors.” (Tweet This!)
  • “Good deals are found through relationships.” (Tweet This!)

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Published 2013-08-22

32: Luxury House Flipping, Finding Deals, and Discovering Your Niche with Will Barnard

73 min
View

Many house flippers focus on small, cheap properties – but on today’s show we look at the other end of the flipping world: luxury house flipping. Our guest today, Will Barnard, is currently flipping multimillion dollar homes in the Southern California market, but the lessons and tips he shares can help any investor in any stage of the game. Will shares his story of how he got started with real estate investing and built up his business that has covered buy and hold, land development, flipping, and more. This episode covers a wide variety of topics that are sure to entertain and inform – so sit back and enjoy! We’re really excited to bring you this interview.

Read the transcript to episode 32 with Will Barnard here.

In This Show, We Cover

  • Working with family when starting out
  • The infamous occupant from hell…
  • The transition from low-end flipping to high-end flipping
  • Where Will believes the market is going
  • When the 70% rule applies – and when it doesn’t
  • How to find comparable sales for unique homes
  • When to use architects and interior designers
  • The crazy story of the “Seven Figure Spread” flip
  • Working with Real Estate Agents
  • And more!

Links from the Show

Books Mentioned in the Show

Tweetable Topics:

  • “Simplicity is key. Buy right … that’s where you’ll lock in your profit.” (Tweet This!)
  • “Real Estate rules are guidelines, not hard and fast. They are not silver bullets.” (Tweet This!)
  • “Everything you do in real estate- it’s all about the negotiation.” (Tweet This!)
  • “There are a lot of hurdles in real estate. It is a roller coaster ride.” (Tweet This!)
  • “Experience is the Best Educator.” (Tweet This!)

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Published 2013-08-15

31: Building a Professional Wholesaling Business with Lamar Cannon

69 min
View

On today’s show, we want to introduce you to a relatively new investor who is building a really awesome wholesaling business through the use of smart marketing, savvy business skills, and persistence. Lamar Cannon, from the Austin, TX area, shares with us his story of how he got started with wholesaling and uses the sales skills from his previous job to close more deals. No matter what kind of investor you are, Lamar’s story is going to inspire you, motivate you, and help take your own business to a new level.

In This Show, We Cover

  • Lamar’s first “accidental deal“
  • Negotiating directly with a bank
  • How to avoid jumping from shiny object to shiny object
  • Finding cash buyers
  • Dealing with bad neighborhoods
  • The right way to answer phone calls as a wholesaler
  • How to determine your wholesaling “law of averages“
  • Tips for wholesaling with no money
  • Plus a lot more!

Links from the Show:

Books Mentioned in the Show

Tweetable Topics:

  • In business, be consistent with your strategy and focus on one thing at a time. (Tweet This!)
  • Be solution-oriented. (Tweet This!)

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Published 2013-08-08

30: Conservative Real Estate Investing and Starting Out with Kenny Estes

82 min
View

Today on the BiggerPockets Podcast we want to share an interview with someone who runs his investment business in a unique but powerful way – and it’s sure to both inform and entertain you. On today’s episode, we sit down with real estate investor Kenny Estes and chat about investing in rural America, funding deals through private money, building a team, and “going big” with a bold exit strategy. Join us today for a really awesome interview and one of the highest caliber conversations we’ve ever had (and one of the largest debates as well!)

Read the transcript to episode 30 with Kenny Estes here.

In This Show, We Cover

  • How Kenny started investing at 18 years old – while still in college.
  • The early mistakes that Kenny is still digging out from
  • The “Cab Driver Metric” in Real Estate Investing
  • Why “no money down” is dangerous
  • How to “stress test” a real estate deal
  • How Kenny found his initial private investors
  • The debate between “Invest Yourself” or “Invest with Others”
  • Kenny’s real estate team – and how he built it
  • Finding and dealing with contractors
  • Kenny’s “bold” exit strategy plan

Links from the Show

Books Mentioned in the Show

Tweetable Topics

  • Be very cognizant of your risk threshold and do it very conservatively. (Tweet This!)
  • Private investors are people you know. (Tweet This!)
  • Invest simply, do it conservatively, do it for the long haul. (Tweet This!)

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Published 2013-08-01

29: Using Peer-to-Peer Lending to Finance Deals, Cash Flow, and Fix and Hold Investing with Dawn Anastasi

74 min
View

On today’s episode of the BiggerPockets Podcast, we are going to dive into some really fascinating new ways to finance your real estate investing while talking with residential investor Dawn Anastasi. Dawn is an active investor in the Milwaukee area who, while working a full time job, has collected a number of rental properties with amazing cash flow each month. Dawn shares with us her strategy for buying low priced houses (with unique financing in place,) fixing them up, and leasing them out to great tenants. This show definitely has a lot of great tips, ideas, and strategies for both new investors and seasoned pros.

Read the transcript to episode 29 with Dawn Anastasi here.

In This Show, We Cover

  • Working with Family and Friends
  • Investing in Real Estate from a Woman’s Perspective
  • Dealing with Difficult Contractors
  • How to Find Houses for Between $20,000 – $30,000
  • Financing Real Estate Through Peer-to-Peer Funding
  • Buying Long Distance Properties
  • Why Single Family Rentals Rock
  • Finding Partners on BiggerPockets

Links from the Show

Books Mentioned in the Show

Tweetable Topics

  • You need to be comfortable with whatever investing strategy you choose. (Tweet This!)
  • A deal is a deal, whether it’s a single family home or duplex. Go where the deal is. (Tweet This!)
  • Know your real estate market: the niches, and the neighborhoods. (Tweet This!)
  • The Bigger Pockets Marketplace is eHarmony for Real Estate Investors! Have You Found Your Match? (Tweet This!)

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Published 2013-07-25

28: Note Investing and Raising Private Money with Dave Van Horn

67 min
View

On today’s episode of the BiggerPockets, we’re going to dive into an area of real estate investing that is largely unknown, yet can be one of the most passive forms of earning lucrative returns: note investing. Our guest today is Dave Van Horn, who has been actively investing in real estate for more than twenty years and currently runs a very successful note business, PPR Note Company. In addition to information on notes and passive income, Dave also has a ton of great tips for any investor looking to raise money for their real estate deals – so definitely don’t miss this valuable and informative show!

Read the transcript to episode 28 with Dave Van Horn here.

In This Show, We Cover

  • How Dave used other people’s money to buy real estate
  • Attracting private lenders through proper networking
  • Dave’s beginning journey into note investing and “Soft-Hard Money”
  • Why people sell notes … for steep discounts.
  • Buying “delinquent mortgages” for incredibly low amounts
  • The kind of discounts you can get from second mortgages
  • Strategies for dealing with delinquent payments
  • Three ways to get started buying notes
  • How much you need to get started investing in notes
  • Unique ideas for raising capital and finding accredited investors
  • Staying out of trouble when dealing with accredited investors
  • The mistake that cost Dave’s company $10,000 when dealing with investors

Links from the Show

Books Mentioned in the Show

Tweetable Topics

  • Keep your money moving… keep the velocity going. (Tweet This!)
  • How many deals could you do if you had an unlimited supply of money? (Tweet This!)
  • Start raising money with the people in your cell phone (Tweet This!)

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Published 2013-07-18

27: Fix and Flipping, Wholesaling, Marketing, and More with Jason and Katherine Grote

69 min
View

On today’s episode of the BiggerPockets Podcast, we talk with the dynamic husband and wife team ofJason and Katherine Grote about their adventures in flipping and wholesaling, while specifically dealing with some of the unique ways they find deals for their real estate investing business. This show was really a ton of fun to record and will give you both ideas and many good laughs as you hear the Grote’s story and tips for you and your investing business!

Read the transcript to episode 27 with Jason and Katherine Grote here.

In This Show, We Cover

  • What a “wholetail” is – and why it can be profitable
  • The first direct mail campaign that… flopped.
  • When to “buy and hold” and when to “flip?”
  • When to Quit your job … and when NOT to.
  • Flipping in hot vs. cold markets
  • How to wholesale without being a time-stealing “bottom feeder”
  • Dealing with foundation problems
  • Tips for working with your spouse

Links from the Show

Books Mentioned in the Show:

Tweetable Topics

  • Anything worth anything is all about hard work (Tweet This!)
  • People decide whether or not they’ll buy your house in the first 3 minutes.(Tweet This!)
  • We’re passionate about real estate… it’s fun! (Tweet This!)
  • Who needs a book when you have BiggerPockets! (Tweet This!)

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Published 2013-07-11

26: Building a Scalable Real Estate Business and Tenant Management Tips with Chris Clothier

78 min
View

Successful real estate investing involves a lot more than just tenants, toilets, and trouble. Successful investors have learned to manage their investing like a business and not a hobby by creating systems to scale their efforts and build wealth faster and more securely. To get a better idea on just how to do this, on the show today we talk with real estate pro Chris Clothier of Memphis Invest, who shares his story and his view on how to start working on your business and not in your business. If you are looking to take your investing to the next level while maintaining more control – don’t miss this episode. Chris also has some awesome tips on getting your properties rented quicker and dealing with difficult tenants so be sure to take notes!

Read the transcript to episode 26 with Chris Clothier here.

In Today’s Show, We Cover

  • Student housing: a good idea or a bad idea?
  • When NOT to use partnerships – and the perfect kind of partner.
  • What comes first: hiring employees or ramping up your marketing.
  • What true marketing really is… and why it costs nothing.
  • Tips for outsourcing parts of your business that don’t excite you.
  • Why Chris didn’t use a formal business plan but you probably should.
  • How to hire people and guarantee you can always pay their salary.
  • Chris’ unique “game” for filling vacant units.
  • The one tenant trait that is an automatic denial.
  • Specific questions to ask a property manager before hiring them.

Links from Today’s Show:

Books Mentioned in the Show

Tweetable Topics

  • “The best marketing you could ever do is simply talking to other people.” (Tweet This!)
  • “If you are going to start a business… why not go all in?” (Tweet This!)
  • “To scale your business, you gotta bring in the highest quality people.” (Tweet This!)
  • “Surround yourself with people who believe in your vision and are up for the challenge.” (Tweet This!)
  • “Don’t be scared to share in the wealth of what you are doing.” (Tweet This!)

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Published 2013-07-04

25: Four Newbies and Their Very First Real Estate Success Stories

68 min
View

On today’s episode of the BiggerPockets Podcast – we’re going to change things up. You see, all of our interviews thus far have been with real estate investing professionals, who are absolutely crushing it in their real estate journey.

However, today, we want to sit down with some investors who are just starting out and can tell us their stories of how they achieved their first real estate deal. These stories are not only helpful for new investors, but even the pros can learn valuable lessons from their experiences. We cover everything from investing when you live in an expensive city to dealing with the drama that might arise during a wholesale deal and even tips for buying a small multifamily property as your first primary residence. Don’t miss this amazing set of interviews with some really great individuals!

Read the transcript to episode 25 here

Links from the Show:

Books Mentioned in the Show

Tweetable Topics

  • “When financing real estate, find a lender who knows what they are doing.” (Tweet This!)
  • “If you have a good property, at a good price, in a good location – you won’t have a problem selling.” (Tweet This!)
  • “You can’t use your location as an excuse not to invest.” (Tweet This!)
  • “It’s more important, with early deals, to get them moved early and build your confidence.” (Tweet This!)

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Published 2013-06-27

24: House Flipping and Deal Analysis with Michael LaCava

61 min
View

On today’s episode of the BiggerPockets Podcast, we talk with active house flipper and real estate investor Michael LaCava about flipping houses in today’s rapidly changing real estate market. Mike has been flipping houses since 2006, so he’s seen both the crash and the emergence of the market, and has a ton of great insight into building a scalable flipping business, analyzing deals quickly and efficiently, and (as a new feature on the Podcast) Mike dives into a “Fire Round” where he answers some of the most interesting questions asked by BiggerPockets members in the Forums.

Read the transcript to episode 24 with Michael LaCava here

In This Show, We Cover

  • Finding and Working with Partners in your Investing
  • Losing money on the first deal
  • Mike’s view on the Hedge Fund problem
  • Exit strategies … “What happens IF…”
  • The $2.5 million dollar deal that fell apart
  • When to use the 70% Rule and when NOT to use it
  • Finding accurate comparable sales (Comps)
  • The best way to estimate repairs
  • Hiring your very own acquisition manager
  • Tips for wholesalers
  • The power of blogging for your business
  • The flipping “Fire-Round”
  • Flipping a “Murder House?”
  • Finding deals in a competitive market

Links from the Show

Books Mentioned in the Show

Tweetable Topics:

  • “When flipping a house, you make your money on the front end. It’s understanding the numbers before getting into it.” (Tweet This!)
  • “Relying on the experts and building your team is crucial to being successful.” (Tweet This!)
  • “You need to create a plan, you need to write it down, you need to start taking action.” (Tweet This!)
  • “Success isn’t about how much money you make – it’s about enjoying life along the way.” (Tweet This!)
  • “Goals with no actions are just dreams.” (Tweet This!)

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Published 2013-06-20

23: Flipping While Working a Job, Partnerships, and Military Investing with James Vermillion

67 min
View

One of the biggest issues that most investors face is the issue of investing while holding a full time job. In today’s episode of the BiggerPockets Podcast, we sit down with real estate investor James Vermillionto discuss how he has built his real estate flipping and buy-and-hold investing business while working full time in the US Military and with a non-real estate business. James shares his story, along with numerous tips for managing your time while working a job and dealing with partnerships to maximize your investing power.

Read the transcript to episode 23 with James Vermillion here

.In This Show, We Cover

  • How James works a full time job while flipping houses
  • Overcoming the “Education Only Phase” and buying his first property
  • Investing while serving in the US Military
  • How James succeeded without any expensive courses or mentors
  • How to find free online college-level real estate education
  • Transitioning from Flipping to Buy and Hold
  • Finding financing for flipping through a local community bank
  • Tips and tricks for finding deals still on the MLS
  • How to make a partnership work great
  • Tips for finding a free mentor

Links from the Show

Links for Military Investors

Books Mentioned in the Show

Tweetable Topics:

  • “What works in one market won’t necessarily work in another market.” (Tweet This!)
  • “A partnership will never be 50/50 all the time – and that’s okay.” (Tweet This!)
  • “Don’t pick a strategy and build you life around it. Look at your life – and build a strategy that fits your needs.” (Tweet This!)

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Published 2013-06-13

22: Building a Marketing Machine, Spec Houses, Flipping & Wholesaling with Tucker Merrihew

63 min
View

While most investors think of real estate investing as buying an ugly property and making it look good, today we sit down with an investor who runs a highly successful investing business that focuses heavily on investing in new home building, along with wholesaling and flipping as well. Tucker Merrihew, the owner of TTM Development Co in Portland, Oregon, shares a ton of great advice on creating a sustainable and automatic lead funnel, as well as numerous tips on a variety of investing techniques.

Read the transcript for episode 22 with Tucker Merrihew here

In This Show, We Cover

  • How a “failed personality test” led to real estate investing
  • The early mistakes that caused major problems for Tucker
  • Do condos make good investments?
  • How to build a marketing machine
  • Direct mail “shock marketing“
  • Why knocking down houses might make you money
  • Tucker’s online marketing strategy
  • The financial benefits of spec building
  • Tips for finding and working with great contractors
  • Finding deals when the MLS is too competitive

Links from the Show

Books Mentioned In The Show:

Tweetable Topics:

  • “There’s motivation in weird places sometimes.” (Click to Tweet)
  • “When investing in real estate, you’ve got to have a website.” (Click to Tweet)
  • “To be successful in real estate investing, you gotta build momentum.” (Click to Tweet)

Get in Touch with Tucker

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Published 2013-05-30

20: 20 Deadly Mistakes For Real Estate Investors to Avoid

61 min
View

While it’s unlikely that you are going to make a mistake in real estate that will kill you – there is a much higher chance that you’ll make a mistake that’s going to kill your chance of finding success. To help you fight the good fight and avoid those mistakes – you’ll definitely want to listen to today’s episode of the BiggerPockets Podcast with Josh and Brandon. You might be a seasoned investor or you might be just starting out – but the 20 mistakes listed in this podcast are real, common, and deadly if not properly addressed, so be sure to listen to today’s show.

Read the transcript for Show 20 with Josh & Brandon here

In This Show, We Cover:

  • The best ways to get free education
  • How to overcome analysis paralysis
  • Exit strategies you should be using as a backup
  • How to establish your marketing machine
  • How to best protect yourself from being sued
  • The best ways to find great contractors
  • The worst way to screen for tenants
  • Plus MUCH more…

Links from the Show:

Books Mentioned in the Show

Tweetable Topics

  • You’re never going to know everything. (Tweet This!)
  • The math never lies. Stick with the math and don’t fudge the numbers. (Tweet This!)
  • You wouldn’t drive from Canada to Peru without a map. You need a plan – just knowing it’s south isn’t good enough. (Tweet This!)
  • Don’t talk so much. Just listen. (Tweet This!)

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Published 2013-05-23

19: Short Sales Tips, Starting Out in Real Estate, & Working w/ Virtual Assistants with Tracy Royce

71 min
View

On today’s episode of the BiggerPockets Podcast, we are joined by Arizona real estate investor Tracy Royce to discuss all things related to short sales, getting started, and the best ways to run your real estate investing business.

This show has a ton of tips for finding the best way to help sellers who are underwater on their mortgages and still make you a profit as a real estate investor, as well as great strategies for using virtual assistants to lighten your work load and other tips for those who are just getting started.

Read the transcript for episode 19 with Tracy Royce here

In This Show, We Cover:

  • How to get paid to learn about real estate
  • How to parlay your talents into a job with a real estate investor;
  • How to “shift” with a changing market and recognize future trends
  • How to use virtual assistants in your real estate business
  • Goals: Good, bad, and ugly
  • Getting started with no money by using technology and social media
  • What a short sale is and the short sale process
  • How to find a great short sale agent
  • Tips for getting your short sale offers accepted

Books Mentioned in the Show

Links from the Blog

Tweetable Topics

  • “When investing in real estate – you have to start out in the mail room.” (Tweet This!)
  • “Don’t expect to get rich tomorrow. You gotta put the work in, you gotta hustle.” (Tweet This!)
  • “If you want an easy job, Sell kittens at a pet shop. Real estate investing isn’t easy.”(Tweet This!)
  • “If you put more fishing lurers out there, you are more likely to catch things.”(Tweet This!)

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Published 2013-05-16

18: Flipping, Marketing, and Wholesaling with Danny Johnson

69 min
View

Today on the BiggerPockets Podcast we sit down with fix and flipper Danny Johnson to talk about running a successful real estate investing business. Danny has been investing in real estate for the past decade and has hundreds of awesome, actionable tips that he shares with us in today’s show. From real estate marketing through websites and direct mail to tips for wholesalers and ideas for getting started while working a full time job, Danny’s knowledge is going to blow your mind. Whether you are an experienced house flipper, a wholesaler, or a new investor just getting ready to start investing, this show is going to give you a ton of ammunition to use in your business.

In This Show, We Cover:

  • Why a mentor isn’t as important for your success as you might think.
  • How to hustle while holding a full time job.
  • How to use “driving for dollars” to get started.
  • The CRAZY first deal that got Danny into real estate.
  • Bandit signs… a great marketing plan OR a criminal activity?
  • How Danny manages 8-13 flips at a time.
  • The “Top Secret” method that Danny uses to find deals.
  • Postcards vs. yellow letters : which is better?
  • The best criteria for compiling a great direct mail list.
  • Tips for creating a lead generating website and online advertising.

Books Mentioned in the Show

Links from the Show

Tweetable Topics

  • You can’t just sit behind a computer and expect to succeed. You gotta get out there and do stuff. (Tweet This!)
  • Always negotiate. (Tweet This!)
  • When it’s a “real deal” you’ll know it’s a good deal. You don’t have to make it a deal. (Tweet This!)
  • Focus on finding really great deals – you don’t need a whole lot of buyers (Tweet This!)

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Published 2013-05-09

17: Finding Mentors, Facing Retirement, and Note Investing with Jeff Brown

71 min
View

Real estate investing is about more than just making money in the here and now – it’s also about setting up your future for a solid retirement with minimal hassle and maximum wealth. However, planning for that time in your life is not always the most easy-to-understand task. To help, we sit down with investment specialist Jeff Brown, a very common face around the BiggerPockets Blog, to discuss some of the best ways to find mentors, what you can do to start preparing for retirement right now, and how to invest in notes using cash or your self directed IRA or 401K. This show is filled with a lot of really actionable, in-depth content so be sure to have your notepad ready – you’re going to need it!

In This Show, We Cover:

  • How to find mentors to help train and teach
  • Why real estate brokers make the best mentors
  • What CCIM is and why you should consider it
  • How much do you need to quit your job and go “Full Time?”
  • Why $1 million might not be enough for you for retirement
  • 3 paths to maximize after-tax income.
  • Why “cash flow” might be overrated when beginning
  • Why you should STOP investing in your 401K and IRAs – even with a “company match”
  • Investing in notes vs. property … why one is better than the other
  • How to find good notes to invest in
  • 3 Case studies – what should a 25 year old do, a 45 year old do, or a 60 year old do for retirement?
  • and more

Books Mentioned in the Show:

Links from the Show:

Tweetable Topics

  • “The best mentoring you can get is often at the 19th hole around a plate of fries.” (Tweet This!)
  • “Don’t leave money on the table just because you want the pleasure of being able to drive by your investment.” (Tweet This!)
  • “When you retire, the one with the most options wins” (Tweet This!)
  • “I want to retire yesterday afternoon around 4:30!” (Tweet This!)

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Published 2013-05-02

16: Land Contracts, Creative Selling, and Finding Private Money with Clay Huber

6 min
View

Several weeks ago on the BiggerPockets Podcast, we spoke with Leon Yang about using seller financing to buy properties. Today we are going to look at the opposite side of that transaction and discuss ways you can invest in real estate by utilizing seller financing (or “land contracts”) to sell. Our discussion today with real estate investor Clay Huber is chalked full of a lot of great advice for utilizing this strategy, as well as a variety of tips for those who are just getting started or for those who are just looking for another tool to add to their investor toolbox.

Read the transcript for Episode 16 with Clay Huber here

In This Show, We Cover:

  • The “accidental flip” that got Clay into Real Estate… and why he changed strategies
  • How to use seller financing to invest in real estate,
  • When not to use seller financing
  • Dealing with the dreaded Due on Sale clause,
  • Should you get your real estate license?
  • Using a full time job to accelerate your investing
  • The members you should have on your team
  • How Clay finances his deals
  • The four items to include in your Marketing Packet to attract private money
  • Overcoming the “Bus” question… what happens if you get hit by a bus!?
  • How to get training for pennies on the dollar

Books Mentioned in the Show:

Links from the Show:

Tweetable Topics

  • “The best business model is to simply have a sugar-momma!” (Tweet This!)
  • “If you buy something for retail value you are at the mercy of the market.” (Tweet This!)
  • “Your first step in any venture is to define your goal.” (Tweet This!)
  • “Make sure your spouse is 100% on board with your goals.” (Tweet This!)

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Published 2013-04-25

15: From $80k in Credit Card Debt to 100+ Deals with Glenn and Amber Schworm

69 min
View

Starting out with nothing is not easy. Luckily – this week on the BiggerPockets Podcast we are talking with husband and wife team Glenn and Amber Schworm, who have successfully done just this and scaled their real estate business to over 100 deals! On today’s show, Glenn and Amber share a ton of great tips and advice about flipping, wholesaling, and marketing for real estate investors – both new and seasoned.

Read the Transcript for episode 15 with Glenn and Amber Schworm

In This Show, We Cover:

  • How desperation (and $80,000 in credit card debt) forced Glenn and Amber to succeed
  • Using a mail-carrier to find deals for you
  • The mistakes made on the first flip that helped them prosper on over 100 other flips
  • Working with your spouse as your business partner
  • Creating systems and teams to build a bigger business
  • Tips for finding private investors to fund your real estate investing
  • The toughest thing Glenn and Amber ever have to face in their business
  • Tips for making money from wholesaling
  • Marketing for motivated sellers

Books Mentioned in the Show:

Links from the Show:

Tweetable Topics

Learn More about Glenn and Amber

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Published 2013-04-18

14: Cash Flow, Creative Finance, and Life with Ben Leybovich

68 min
View

Creativity and real estate go together like peanut butter and jelly – but for many investors, learning how to get creative can be tough. So today, on the 14th episode of the BiggerPockets Podcast, we sit down with real estate investor Ben Leybovich to discuss buying property with 100% financing, the importance of cash flow (and how to get it,) overcoming obstacles that inevitable will rise, plus a whole lot more. Ben’s inspirational story, involving his battle with multiple sclerosis, will teach you the importance of creating passive income through real estate because you never know what the future will hold. Learn how Ben turned this tragic, life-changing news into motivation to create a successful real estate investing business. You’ll definitely want to take notes during this one!

In This Show, We Cover:

  • The shocking medical event that completely changed Ben’s life
  • The three kinds of income … and which you need
  • How Ben chose his real estate investing strategy
  • The message about “flipping” that seems to escape most
  • How to get started with no money at all
  • Ben’s top tips for landlords
  • A reasonable benchmark for cashflow… how much per unit per month.
  • Why 100% of the purchase price isn’t 100% of the leverage/equity.

Links from the Show

Books Mentioned in the Show:

Tweetable Topics

  • Successful people march toward the blazing guns. (Tweet This!)
  • Find fertile ground where the stampede hasn’t occurred yet. (Tweet This!)
  • I’m in real estate for one reason and one reason only: stable passive income. (Tweet This!)
  • Get good at solving people’s problems – you’ll do well in life.(Tweet This!)
  • Successful people refuse to fail. (Tweet This!)
  • To achieve extraordinary results we have to take extraordinary actions. (Tweet This!)

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Published 2013-04-11

13: Buying Real Estate with Seller Financing and Speculating with Leon Yang

65 min
View

Traditional cash flow investing and bank loans are the most common methods used for buy-and-hold investors, but it’s not the only way.

Today’s episode of the BiggerPockets Podcast looks at some alternative methods of real estate investing that we haven’t covered in great detail yet on the show, but may help you pick up new skills and ideas for your investing plan. On today’s show, we sit down with Leon Yang, a young investor from the Las Vegas area who fills us in on his strategy to buy homes using seller financing. We also learn how he closely watches the real estate market to ride the “speculation wave” to build wealth through appreciation and time.

A BiggerPockets Podcast Milestone!

Before we get to the show – we want to give a big thanks to everyone who has left us a review in iTunes– we are up to 175 five-star reviews and counting! Also – we have reached 100,000 downloads of the podcast since we started – which is really, really incredible! Thanks so much to everyone who has helped us reach this milestone and supported BiggerPockets on this journey!

Read the transcript for episode 13 with Leon Yang here

In This Show, We Cover:

  • How to get started when living in a city with high prices
  • Why Leon chose Las Vegas to invest in
  • How to use seller financing to fund your purchases
  • Leon’s primary source for finding seller financing.
  • How to approach sellers and negotiate the best deal.
  • Two things more important than “selling price” in a deal.
  • Speculating in real estate: is it ever okay?
  • Leon’s view on the future of inflation in the US.
  • The first step for new investors.
  • Why now is the best time to invest in real estate.

Links from the Show

Books Mentioned in the Show:

Tweetable Topics

  • “Seller financing is about relationships and trust. Build that before negotiating.” (Tweet This!)
  • “Inflation is a borrower’s friend.” (Tweet This!)
  • “To be successful, you have to get a good financial education.” (Tweet This!)
  • “Strike a good balance between real estate and the rest of your life.” (Tweet This!)
  • “It’s the experiences in life that make life interesting, not how much money you have.” (Tweet This!)

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Published 2013-04-04

12: Wholesaling and Marketing with Sharon Vornholt

54 min
View

Wholesaling real estate is a popular topic on BiggerPockets and often one of the first strategies used by newbies to build cash reserves. However, wholesaling is a business that requires certain systems, strategies time, and sometimes even cash to prosper at. In today’s episode of the BiggerPockets Podcast, we talk with expert wholesaler and marketing whiz Sharon Vornholt about some of those strategies and techniques that she uses to make an income as a full time wholesaler.

Read the transcript for Episode 12 with Sharon Vornholt here

In Today’s Wholesaling Podcast, We Cover:

  • An easy, cheap (free!) way to find more cash buyers than you can handle.
  • The first step for wholesalers
  • Sharon’s primary source of leads for motivated sellers
  • The step-by-step process for making money as a wholesaler
  • Double-closings vs. an assignment: Which is best?
  • How Sharon closes deals with no money whatsoever
  • Typical response rates from direct mail campaigns
  • Why “pain” is a great thing to discover…
  • Awesome strategies for negotiating with sellers
  • The mistake Sharon made when starting out… and how you can avoid it.
  • What the key to success really is.

Links From the Wholesaling Show:

Books Mentioned in the Show

Tweetable Topics:

  • “Wholesaling is about relationships.” (Click to Tweet!)
  • “When negotiating, learn to adjust the other person’s expectations” (Click to Tweet!)
  • “Learning how to buy property for the right price is the difference between success and failure.” (Click to Tweet!)
  • “It’s all about marketing. You have to have leads in order to get deals.” (Click to Tweet!)
  • “Anyone who claims to know everything about anything is full of crap.” (Click to Tweet!)

Thank You!

Thank you again to everyone who has subscribed in iTunes to help make us one of the top business podcasts in all of iTunes! We’re up to 166 5-Star Reviews so far with over 89,000 downloads! Every subscription in iTunes and every review helps us reach more people – so thank you!

About Sharon

Sharon Vornholt is a professional real estate wholesaler who began investing in real estate in the Louisville, KY area in 1998. While she has done both rehabbing and buy and hold investing, her primary area of focus now is wholesaling. Sharon is a regular contributor on the BiggerPockets blog and an avid blogger on her own site, LouisvilleGalsRealEstateBlog.com.

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Published 2013-03-28

11: The Ultimate Beginner’s Podcast For Real Estate Investors

78 min
View

Getting started with real estate investing can seem overwhelming, but on today’s episode of The BiggerPockets Podcast, we are going to walk you through the entire broad overview of how people actually make money in the real estate investing field – and how you can do the same. In this unique episode, Josh and Brandon will walk you through the steps to take before getting started, choosing your strategy, ideas for finding properties, tips for getting financing in order and much, much more. Grab a pen and paper and get ready to take notes – this episode is jam packed with over an hour of directly actionable and educational information.

Read the transcript of Episode 11 with Josh and Brandon here.

In Today’s Flipping Podcast, We Cover:

  • The first “personal” decision you need to make before investing.
  • Working full-time vs. part time in real estate investing.
  • Josh Dorkin’s real thoughts on “gurus.”
  • Investing when you are broke.
  • Six steps to overcoming analysis paralysis
  • Ten unique niches and three solid strategies you can invest in real estate with.
  • Brandon’s favorite “team member” that helped cut 90% of his work out
  • To partner or not to partner? Pros and Cons
  • 13 ways to finance your real estate investments

Links from the Show

Books Mentioned in the Show

Tweetable Topics:

  • “You don’t need to make real estate your career in order to build wealth in real estate.” (Tweet This!)
  • “There has to be money involved when investing in real estate… but it doesn’t need to be yours.” (Tweet This!)
  • “Real estate takes time, planning, and patience.” (Tweet This!)
  • “People like to fall down… and people like to sue. Get good insurance.” (Tweet This!)
  • “You’re not a complete puzzle – there are pieces you are missing. Find those pieces.” (Tweet This!)
  • “A friendship founded on business is a good deal better than a business founded on friendship.” -John D. Rockefeller (Tweet This!)

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Published 2013-03-21

10: Flipping Houses 101 with J Scott

64 min
View

House flipping is one of the most popular methods of investing in real estate. However, it’s sometimes difficult to know exactly how to get started, as there are thousands of blog posts, articles, forum posts, and more about the topic. In today’s Podcast, we talk with one of the best in the business, J Scott, about how he got started flipping houses and how you can follow the same strategies to build your own real estate investing business.

Read the transcript of Episode 10 with J. Scott here.

In Today’s Flipping Podcast, We Cover:

  • How a TV show got J started with flipping
  • How J made every mistake possible on his first flip…but still made money
  • Tips For Working with a wholesaler and tips for wholesalers to work with flippers
  • Multiple exit strategies for flippers
  • What the “sweet spot” is in terms of profit
  • The “flip formula” and how to use it to estimate your profit.
  • How to determine the “after repair value” of your property.
  • Why you should get your real estate license.
  • Why having a construction background might not be great when flipping.
  • How J’s got his days-on-market down to a 17 day average.
  • Tips for finding a great project manager.
  • How to find private lenders to fund your deals.
  • Automating you flipping business to flip while holding a full time job

Links From the Flipping 101 Show:

Books Mentioned in the Show

Tweetable Topics:

  • “You gotta be conservative in your numbers, so your ‘beginner mistakes’ will be covered.” (Tweet This!)
  • “Always have 2, 3, or 4 exit strategies as a backup on your house flips.”(Tweet This!)
  • “What you did yesterday may not work tomorrow – you need to be flexible in your business.” (Tweet This!)
  • “Pricing a property right is key.” (Tweet This!)
  • “You don’t raise money if you don’t ask. It’s not rocket science – it’s just hard work.” (Tweet This!)
  • “It takes work and a lot of up-front preparation – but business automation is possible.” (Tweet This!)
  • “Putting together a plan on paper will help you figure out where your gaps in knowledge are.” (Tweet This!)
  • “Real estate investing education shouldn’t cost as much as a college education.” (Tweet This!)
  • “Those who do best in this industry are those who work ON their business, not IN their business.” (Tweet This!)

About J

J Scott runs Lish Properties LLC, a real estate investment company in the west suburbs of Atlanta, GA that specializes in purchasing, rehabbing and reselling REO properties. Along with his wife, J purchases and renovates about 15-20 houses per year. In addition, they consult to other investors, manage rehabs for other investors, and stage/list/market properties for the investors they work with.

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Published 2013-03-14

9: Using Hard Money Lenders to Grow Your Business with Ann Bellamy

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Hard Money Lending is a fundamental tool for many real estate investors, but is often misunderstood and difficult to find. So today on the BiggerPockets Podcast, we sit down with hard money lender Ann Bellamy to discuss how to find and successfully use hard money to build and grow your real estate investing business. This show has an immense amount of solid, actionable content that you can use immediately, so definitely take the time to listen!

Before we get to the show, thank you again to everyone who has subscribed in iTunes to help make us one of the top business podcasts in all of iTunes! We’re up to 129 5-Star Reviews so far! Every subscription in iTunes and every review helps us reach more people – so thank you!

In Today’s Hard Money Podcast, We Cover:

  • What hard money is, when to use it, and when NOT to use it.
  • Why Rehab properties in rural areas is a bad idea…
  • Exit strategies and the new Real Estate Mini Bubble.
  • Typical hard money rates and fees – and how you can lower them.
  • Ann’s (and Brandon’s) first mistakes with Hard Money.
  • The best place to find Hard Money Lenders (hint: try here)
  • How to get your hard money loan proposals accepted every time.
  • Which comes first: finding the hard money lender or the deal?
  • Starting a local ethical real estate club to build your brand.
  • How to become a Hard Money Lender.
  • And much, much more!

Links From the Hard Money Show:

Books Mentioned in the Show

Tweetable Topics:

  • “The first and most important exit strategy is having one.” (Tweet This!)
  • “Hard money is not a mafia guy with a baseball bat – it’s a tool for growing your business.” (Tweet This!)
  • “If hard money makes a deal unprofitable – you shouldn’t be doing the deal.” (Tweet This!)
  • “Don’t misrepresent yourself. It’s okay to be new at something… just say so!” (Tweet This!)
  • “In this day and age – you need to be able to communicate electronically.” (Tweet This!)
  • “Both persistence and the ability to adapt are required for success.” (Tweet This)

About Ann

Ann Bellamy is a real estate investor and Hard Money Lender in Southern New Hampshire, and has been involved in the leadership of several real estate investing groups in Massachusetts and New Hampshire. She provides short term and construction funding, or hard money loans, to real estate investors in these states and networks extensively in MA and NH with investors of all types.

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Published 2013-03-07

8: Learning to Be a Profitable but Ethical Landlord with Al Williamson

59 min
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Being a Landlord can often be challenging, expensive, and stressful. So, today on the BiggerPockets Podcast we are speaking with Al Williamson, an active BiggerPockets member and inner-city landlord who has decades of experience dealing with tenants in both multifamily and single family rentals. Al is a pro at reducing expenses, increasing income, and dealing with difficult landlording situations – which is why we wanted to sit down with Al today.

Before we get to the show, thank you again to everyone who has subscribed in iTunes to help make us one of the top business podcasts in all of iTunes! We’re up to 117 5-Star Reviews so far! Every subscription in iTunes and every review helps us reach more people – so thank you!

Read the transcript of episode 08 with Al Williamson here.

In Today’s Podcast, We Cover:

  • How Al used a 1031-Exchange to “Trade-Up” to a larger property.
  • Tips for living in a small multifamily and living with tenants.
  • How to avoid being a slumlord in rough areas.
  • Why simply picking up trash can transform your investing.
  • The power of “Patient Equity.”
  • Al’s goal of Not being dependent on the tenants’ rent to pay the bills.
  • Ideas for both increasing income and cutting expenses.
  • Al’s plan to revolutionize income for multifamily properties.
  • How Al used a very small syndication to buy a rental property
  • The biggest challenges for an up-and-coming landlord.
  • What the “Landlord Lid” is – and how to overcome it.
  • How to Invest in Real Estate when you have a full time job AND a busy family life at home

Links From the Show:

Books Mentioned in the Show

Tweetable Topics:

  • “Landlord tip for improving the neighborhood: Go and meet the neighbors!” (Tweet This!)
  • “Often times things go unresolved because no one is operating as a leader. Are you?” (Tweet This!)
  • “Spend time getting really good with your first investment before branching out.” (Tweet This!)
  • “Sometimes you have to pay your ‘learning tuition’ and lose money when you take risks.” (Tweet This!)
  • “Your real estate investment should be a physical representation of you.” (Tweet This!)
  • “Why are you building wealth? The most successful leaders KNOW this answer.” (Tweet This!)

About Al

AL Williamson is Civil Engineer and landlord from the Sacramento, California area. Al has invested in real estate since 1996, focusing mostly on multifamily properties in urban areas.

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