BiggerPockets Real Estate Podcast

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Latest Episodes:

168: Building Hundreds of Homes to Sell or Rent with Cameron Skinner Mar 31, 2016

Show notes

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

In This Episode We Cover:

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

Links from the Show

Books Mentioned in this Show

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

Tweetable Topics:

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

Connect with Cameron

Cameron’s BiggerPockets Profile

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167: 0 to 25 Units in Your First Year (Part-Time!) with Kevin Wood Mar 24, 2016

Show notes

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

In This Episode We Cover:

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

Links from the Show

Before and After Images

Books Mentioned in this Show

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

Tweetable Topics:

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

Connect with Kevin

Kevin’s BiggerPockets Profile

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166: How Modeling Greatness Can Get You To 100+ Deals with Matt Aitchison Mar 17, 2016

Show notes

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

In This Episode We Cover:

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

Links from the Show

Books Mentioned in this Show

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

Tweetable Topics:

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

Connect with Matt

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164: Scaling from 0 to 400+ Deals Through Real Estate Entrepreneurship with Steve Mills Mar 03, 2016

Show notes

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

In This Episode We Cover:

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

Links from the Show

Books Mentioned in this Show

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

Tweetable Topics:

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

Connect with Steve

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163: Making Your Real Estate Business Soar While Working a Full-Time Job with Bill Allen Feb 25, 2016

Show notes

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

In This Episode We Cover:

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

Links from the Show

Books Mentioned in this Show

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

Tweetable Topics:

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

Connect with Bill

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162: How to Pay Less to the IRS with Amanda Han, CPA Feb 18, 2016

Show notes

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

In This Episode We Cover:

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

Links from the Show

Books Mentioned in this Show

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

Tweetable Topics:

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

Connect with Amanda

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161: Turning Good Income Into Incredible Legacy Wealth with NFL Star Ryan Broyles Feb 11, 2016

Show notes

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

In This Episode We Cover:

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

Links from the Show

Books Mentioned in this Show

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

Tweetable Topics:

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

Connect with Ryan

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Getting Started Investing in Real Estate - An Interview with My Real Estate Mentor Feb 04, 2016

Show notes

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160: From 0 to 50 Flips in 5 Years (While Still Working a Job!) with Stefanie Marshall Feb 04, 2016

Show notes

Today on the BiggerPockets Podcast, we sit down and chat with Stefanie Marshall, an investor from Northern California who has flipped more than 50 properties in the last five years, all while working a job as an accountant! In this powerful (and hilarious) interview, Stefanie shares how she jumped into the flipping game, how she managed to purchase a property in California for just $30,000, the sad story of losing $100,000 on a single flip, and how she bounced back to create an impressive flipping empire! Don’t miss a second of this fun, informative (and often sarcastic) episode!

In This Episode We Cover:

What Stefanie does in real estate
How she got started
How she completed 60 deals in a span of five years
Tips for investing while having a day job
How she started without knowing much and ended up being saved by a contractor
Thoughts on finding a good partner
Some of Stephanie’s deals that went wrong
Where is the line when doing a price reduction
What to do when something goes wrong in the middle of a flip
Why you anticipate “I don’t know what’s going wrong” expenses
Where she currently invests and what the market is like
The minimum profit she tries to shoot for
How a flat fee listing works
The importance of being represented well in a deal
How she finds deal through auctions
What cash for keys is
How to research properties before going to an auction
How she finds deals today
The female perspective on investing
Thoughts on having a team and building systems
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on Investing with No and Low Money Down by Brandon Turner
The Book on Rental Property Investing by Brandon Turner
The Book on Flipping Houses by J. Scott
FLIP: How to Find, Fix, and Sell Houses for Profit by Rick Villani
Rich Dad Poor Dad by Robert Kiyosaki
The E-Myth Revisited by Michael Gerber
The 10X Rule by Grant Cardone

Tweetable Topics:

“Everything does not have to be always bigger and better.” (Tweet This!)
“Your first loss will be your smallest loss.” (Tweet This!)

Connect with Stefanie

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159: How to Build a Real Estate Business That Buys 60 Deals a Year with Nathan Brooks Jan 28, 2016

Show notes

Anyone can buy a house. However, it takes a special kind of business (and business owner) to buy dozens of deals every year. That’s the story on today’s episode of the BiggerPockets Podcast, when we sit down with Nathan Brooks to talk about how he went from casual investor to buying nearly sixty deals last year. You’ll learn the key hires that made this transition possible, the process for hiring the perfect team members to work your systems, Nathan’s story of bringing in a partner to help scale, and so much more. If you are looking to really expand your business through partners, employees, and processes, dive into this powerful episode!

In This Episode We Cover:

Nathan’s beard, the bear from The Revenant
A recap of his last show
The importance of sitting down with your mentor
How to diversify your income streams
Why he started his own property management company
The companies he’s worked with before
How to avoid working with the wrong company
Nathan’s current number of employees
How he builds systems within his business
How to figure out what you’re good and bad at
What you should know about partnerships and finding the right people to work with
How Nathan’s hiring process works
How to know who to hire first
The time value of money
How to relay a process to an assistant
The importance of creating one-pager how tos
What exactly lifestyle design means
Whether it’s really possible to step away from work for six months
How to figure out your freedom number
One thing that made a huge impact on his business in the past few years
Why he keeps on learning and learning
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on Investing with No and Low Money Down by Brandon Turner
The 4-Hour Workweek by Timothy Ferriss
6 Months to 6 Figures by Peter Voogd
No Hero by Mark Owen
The Book on Rental Property Investing by Brandon Turner
The Millionaire Real Estate Investor by Gary Keller
Good to Great by Jim Collins

Tweetable Topics:

“Don’t focus on your weaknesses, focus on your strengths.” (Tweet This!)
“There’s always a person who’ll appreciate whoever you are and ride the rollercoaster with you.” (Tweet This!)

Connect with Nathan

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