BiggerPockets Real Estate Podcast

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Latest Episodes:

137: How to Use Systems to Scale Your Real Estate Business with Sam Craven Aug 27, 2015

Show notes

On this episode of the BiggerPockets Podcast, we want to introduce you to a real estate investor who has figured out the secret to scaling his business: systems. Sam Craven, who was last on the BiggerPockets Podcast back on show 33, shares with us the processes he has implemented that have enabled him to build a team, putting him on track to buy nearly 100 homes this year. You’ll love the humor, the advice, and the examples Sam brings to the show and will walk away with new ideas to scale your own business.

In This Episode We Cover:

Sam’s progress since the last time he was on the show
What his business model looks like
Why he identifies as a “customer service business“
The importance of building processes
What the people in his company do
The vital importance of systemizing your business
How to create a “franchise-able” business
Why you should start with the end in mind
How to use diversified methods in marketing
What exactly high equity mailers are
How they finance their deals
The worst deal Sam’s ever done
And SO much more!

Links from the Show

Books Mentioned in this Show

The E-Myth Revisited by Michael E. Gerber
80/20 Sales and Marketing by Perry Marshall
The Millionaire Real Estate Investor by Gary Keller and Jay Papasan
Good to Great by Jim Collins

Tweetable Topics:

“People call us because they have a problem that they need to be solved.” (Tweet This!)
“Anyone who joins our company always have to fill out a goal sheet as well.” (Tweet This!)
“One of the joys of growing a business is trying stuff and seeing if it works.” (Tweet This!)

Connect with Sam

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136: Building an Incredible Real Estate Pipeline with Shawn Holsapple Aug 20, 2015

Show notes

Having trouble finding good deals? You won’t after this inspiring episode of the BiggerPockets Podcast! Today we bring you an interview with Shawn Holsapple, a real estate investor who is dominating his market, having done over 300 transactions in just the past several years. You’ll learn how Shawn is finding consistent deals and opportunities to keep his deal pipeline flowing!

In This Episode We Cover:

How Shawn got started investing out of the country
The certain book and seminar that spurred him to begin
How to overcome analysis paralysis
Where he gets his active income
What wholesaling and “wholetailing” are
How many deals he is doing
What his team consists of and how he maximizes the use of a VA
How to best take advantage of HUDs and the MLS
Tips for knowing what to offer when making a deal
How Shawn uses online auctions
How to figure out the cost of a fix up
Shawn’s take on getting a real estate license
What you should know about building your portfolio
Why Shawn believes you don’t necessarily need a cash buyer’s list
A glimpse into how he manages his business
And SO much more!

Links from the Show

Brandon’s Disney’s video (on his Facebook)
BiggerPockets SubForums
BiggerPockets Forums
Upwork
BiggerPockets Webinar
Auction.com
Hudson and Marshall
BiggerPockets Keyword Alerts
BiggerPockets #AskBP

Books Mentioned in this Show

Rich Dad Poor Dadby Robert T. Kiyosaki
The 4-Hour Workweekby Timothy Ferriss
The Book on Flipping Houses by J. Scott
The E-Myth Revisited by Michael E. Gerber
The 10X Ruleby Grant Cardone

Tweetable Topics:

“You flip for quick cash so that you can buy the buy and holds.” (Tweet This!)
“If you can’t sell your deal, then you don’t have a deal.” (Tweet This!)
“If you’re not falling down and getting hurt then you are not trying hard enough.” (Tweet This!)

Connect with Shawn

Shawn’s BiggerPockets Profile

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135: Raising Money to Buy 1,000 Apartment Units with Brian Adams Aug 13, 2015

Show notes

How does someone shift from buying single family houses to buying hundred+ unit apartment complexes? That’s the topic we’re diving into today on the BiggerPockets Podcast with real estate investor and former CPA Brian Adams. This show is packed to the brim with actionable tips and advice for anyone looking to expand their real estate business, quit their job, raise private capital, and work less while enjoying life more. You’ll be inspired and motivated by interview, so don’t miss a moment of it!

In This Episode We Cover:

The important perspectives Brain gained from his grandfather and football coach
How he bought a rental property with a CPA background
The impetus he used to change how things were going with his life
How to plan and implement a journey to real estate investing
The process of partnering with a group
Things Brian would’ve done better if he started all over again
How to pick your partner’s brain when making deals
Brian’s 98-unit deal — that ended up folding
What to do when your investors back out on a deal
What you should know about exit strategies
How he gets paid with kind of deals he does
How he plays matchmaker for investors and buyers
The importance of the “ABM” (Always Be Marketing) strategy
And SO much more!

Links from the Show

Books Mentioned in this Show

The 7 Habits of Highly Effective People by Stephen Covey
80/20 Sales and Marketing by Perry Marshall
Emerging Real Estate Markets by David Lindahl
It’s a Whole New Businessby Gene Trowbridge
Keep It!: Advanced Tax Strategies for IRAs by Joe O Luby III
Getting Things Done by David Allen
The E-Myth Revisited by Michael E. Gerber
Think and Grow Rich by Napoleon Hill
No B.S. Marketing to the Affluent by Dan S. Kennedy
Never Check E-Mail In the Morning by Julie Morgenstern

Tweetable Topics:

“Education and the books are fine, but you got to get out there and take some risk.” (Tweet This!)
“Let’s follow those who are smart, those who have done this before.” (Tweet This!)
“5 percent of a great deal is better than a 100 percent of no deal.” (Tweet This!)

Connect with Brian

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134: Creative Finance and Gaining a Millionaire Mindset with Pro BMX Rider Terry Adams Aug 06, 2015

Show notes

On today’s episode of the BiggerPockets Podcast, we sit down and dig into the life of a professional BMX bike rider Terry Adams. Outside of his many accomplishments in the stunt bike world (X-Games gold medal, appearance on Glee and Ellen, and more), Terry is also an accomplished real estate investor with some incredible strategies for building wealth. In the interview, we cover everything from investing with no money, to dealing with personal finance concerns, to mindsets, and more. This show is about to rock your world, so grab a pencil and some paper and let’s get started!

In This Episode We Cover:

Who Terry Adams is and what his profession entails
How he got started in real estate
The details of his first property
His trailer property
How he finds great real estate deals
What you should know about finding a mentor
The ins and outs of the “BRRR” strategy
What exactly line of credit investing is
Tips for dealing with banks
How your mindset affects how you invest in real estate
The details of Terry Adams’s portfolio
The secret to building wealth with the help of mentors
The importance of knowing your net worth
And SO much more!

Links from the Show

Books Mentioned in this Show

Secrets of the Millionaire Mind by T. Harv Eker
The Richest Man in Babylonby George S. Clason

Tweetable Topics:

“There’s always a way to make it happen.” (Tweet This!)
“The more I manage my money, the more money I have to manage.” (Tweet This!)
“You take your other liquid asset and you invest it, because that’s how you build wealth.” (Tweet This!)

Connect with Terry

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133: Scaling Your Business From Scratch to $50 Million in Assets with Jason Cohen Jul 30, 2015

Show notes

How does a new real estate investor go from zero properties to over 1,000 units in under a decade? Through careful scaling! That’s the topic on today’s BiggerPockets Podcast with guest Jason Cohen, an investor who has built a sizable portfolio utilizing systems, processes and people. You’ll learn about the financing strategies needed to make this adventure possible, as well as Jason’s incredible strategy for finding real estate deals that no one else is finding. Prepare to be blown away – this is one show for the record books!

In This Episode We Cover:

What Jason Cohen does and the niche he targets
How he scaled from 7 units to a massive 148-unit business
The debacle he encountered with his first employees
How he achieved the first “right” hire
How many employees he has for his company
How he built systems to run such a huge business
Jason’s tips for getting started
Proven ways to find properties
How he grew his business in just 9 years
How he finances his real estate deals
The importance of building a good track record with the banks
Insight on mentorships
And SO much more!

Links from the Show

Books Mentioned in this Show

The Martian by Andy Weir
How to Win Friends & Influence People by Dale Carnegie

Tweetable Topics:

“If you want it, you’re going to find a solution.” (Tweet This!)
“At some point you have to pull the trigger.” (Tweet This!)
“If you make a mistake, create a system to where you can’t make that mistake again.” (Tweet This!)

Connect with Jason

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132: How Brie Schmidt Grew Her Real Estate Portfolio by 50 Units in 1 Year Jul 23, 2015

Show notes

Today on the BiggerPockets Podcast, we are excited to bring back Brie Schmidt, a real estate investor from the Chicago market who has absolutely DOMINATED her goals over the past twelve months. Last time we talked with Brie, she had just quit her job to pursue real estate full-time. Today you’ll learn about the impact that decision made on her life and how she’s been able to reach her financial goal in just twelve months, buying more than fifty new rental property units in that time! Be prepared to be blown away and inspired to do the same!

In This Episode We Cover:

Who Brie is and how she quit her job and went full time since the last show
The 3 catalysts that drove her to become a full time investor
How to incentivize in-house property management
Tips for making tenants happy
The story behind 50 units in one year
What kind of tenants she is looking for
How Brie handled her first eviction
What kind of properties she is investing in
Her average cost per door
The details of buying multiple units at a time and concerns you face with it
The mindset behind buying 50 units in a year
And SO much more!

Links from the Show

Books Mentioned in this Show

The Millionaire Real Estate Investor by Gary Keller
The ONE Thing by Gary Keller
The 10X Rule by Grant Cardone

Tweetable Topics:

“You bring up the level of the property to attract the kind of tenant that you want.” (Tweet This!)
“Property management could make or break your business.” (Tweet This!)

Connect with Brie

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131: Investing in Multifamily Properties in a HOT Real Estate Market with Serge Shukhat Jul 15, 2015

Show notes

Everyone wants to invest in multifamily properties. (Well, almost everyone.) But with the market heating up around the country, great deals are becoming incredibly difficult to find. That’s why we had to bring back one of our most popular guests on the BiggerPockets Podcast, Serge Shukhat.

The last time we talked with Serge back in episode 60, Serge told us how he built up a massive portfolio in just a few years. But if you were impressed then, this show is going to blow you away. Filled with TONS of actionable tips, stories and warnings, this is one episode you are going to want (and need) to listen to over and over again.

In This Episode We Cover:

How Serge got started in real estate
What he’s been up to since his last episode
What value add and value add investors are
What you need to know about commercial lending
How he used seller financing for his 32 units
The 3 components of successfully purchasing multifamily properties
The ins and outs of cap rate and exit cap rate
Why Serge does his own property management
Things to avoid when value add investing
What exactly submetering is
Instances when overlooking things may cause problems later on
Thoughts on using multi-units as vacation rentals
How to train resident managers and tenants
The importance of changing your strategy depending on the market
What you should know about long term 30-year fixed financing
What secondary markets are — and why Serge likes them
How to connect with owners and resident managers
How to keep a competitive advantage
And SO much more!

Links from the Show

Books Mentioned in this Show

The Magic of Thinking Big by David J. Schwartz
Rich Dad Poor Dad by Robert T. Kiyosaki
Landlording on Auto-Pilot by Mike Butler
The Real Book of Real Estate by Robert T. Kiyosaki
The 7 Habits of Highly Effective People by Stephen Covey
The ABCs of Real Estate Investing by Ken McElroy
The E-Myth Revisited by Michael E. Gerber
The ONE Thing by Gary Keller
How to Win Friends & Influence People by Dale Carnegie

Tweetable Topics:

“If you want to do a syndication, make sure you find a syndicator that is experienced. It’s all about the sponsor.” (Tweet This!)
“Time is not your enemy in real estate, time is your friend.” (Tweet This!)
“Be on a location where people want to be.” (Tweet This!)
“No matter how successful you are, you got to keep moving forward.” (Tweet This!)

Connect with Serge

Serge’s BiggerPockets Profile

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130: Ten Smart Tips for Making $1M+ Flipping Houses with Will Barnard Jul 09, 2015

Show notes

Will Barnard recently closed on a seven-figure profit house flip (that’s right… over $1M on one single house!) In this episode of the BiggerPockets Podcast, Will shares the story, as well as 10 specific and actionable tips for anyone looking to rehab a property. Be sure to grab a pen and paper for this show… you are going to need it!

In This Episode We Cover:

How Will’s doing since the last time he was on the show
The famous 7 Figure Flip
All the details you want to hear about that flip!
The 10 things you need to become a better flipper
How to know your market
The importance of building a team before you buy
The members you need on your team
How to find quality contractors
The importance of negotiation as a real estate investor
The two numbers that you need in order to make an offer
The ins and outs of using leverage
How to build a reputation by taking care of your investors
The importance of learning how to manage efficiently
How to know where you can save (and where you shouldn’t) in flipping houses
And SO much more!

Links from the Show

Books Mentioned in this Show

The 10X Ruleby Grant Cardone
The Book on Flipping Houses by J. Scott
The Book on Investing with No Money Down by Brandon Turner
A Million Bucks by 30 by Alan Corey
Trump-Style Negotiation: Powerful Strategies and Tactics for Mastering Every Dealby George H. Ross
Rich Dad’s CASHFLOW Quadrant by Robert T. Kiyosaki

Tweetable Topics:

“You really need to get the boots on the ground to know your market.” (Tweet This!)
“Trying to flip from afar is really asking for trouble.” (Tweet This!)
“Everything you do in the real estate field — everything — pretty much is a negotiation.” (Tweet This!)
“Listening to people negotiate is really helpful.” (Tweet This!)
“There’s no right or wrong answer here. It’s a matter of finding out what do you want.” (Tweet This!)
“You can’t be scared to fail because you’re going to fail.” (Tweet This!)

Connect with Will

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129: Live-in Flips, Frugality, and Finance with Mindy Jensen Jul 02, 2015

Show notes

On this episode of the BiggerPockets Podcast, we’re going to talk about a unique strategy that combines the power of house flipping with the benefits of home ownership. You’ll meet Mindy Jensen and discover how she uses the “live-in flip” strategy to build wealth through real estate. You’ll also learn how a live-in flipper can save significant money on taxes as well as a discussion on the benefits of doing your own work. Don’t miss this enlightening, and hilarious, episode!

In This Episode We Cover:

Who Mindy Jensen is
Her thoughts on personal finance
Frugality, as defined by Mindy
A debate on Starbucks (as well as Priuses) and frugality
Where she spends her money
How Mindy got started in real estate
Details on her deals
7% as a steal?
The ins and outs of performing a live and flip
Getting a real estate license as a means to invest
What you should know about For Sale By Owner (FSBO) properties
How she advertises her houses
The pros and cons of live and flips
Why women can and should fix houses
The importance of home inspections
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on Flipping Houses by J. Scott
The Book on Investing with No Money Down by Brandon Turner
The Snowball: Warren Buffett and the Business of Life by Alice Schroeder
The Warren Buffett Way by Robert G. Hagstrom
The Richest Man in Babylon by George S. Clason

Tweetable Topics:

“Frugality is save money where you can, so you can spend it where you want to or where you need to.” (Tweet This!)
“I didn’t get my license to sell houses. I got it so that I could invest and have access to MLS.” (Tweet This!)
“Nobody likes your house more than you.” (Tweet This!)

Connect with Mindy

Mindy’s BiggerPockets Profile

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128: Investing in Foreclosures, Quitting Your Job, and Getting More Than 10 Loans with Anca Rader Jun 25, 2015

Show notes

On this episode of the BiggerPockets Podcast, we sit down and talk with a real estate entrepreneur who recently was able to quit her job and travel the world thanks to her real estate ambitions! You’ll learn the unique methods Anca uses to get around the “4 to 10 loans” limit to finance numerous properties, as well as many other tips on everything ranging from house hacking to buying foreclosures to buying at an auction, and so much more. Don’t miss this excellent interview with an incredible successful investor, Anca!

In This Episode We Cover: