BiggerPockets Real Estate Podcast

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Latest Episodes:

127: How to Use a Partnership to Acquire (and Manage) 100+ Units with James Wise Jun 18, 2015

Show notes

As you grow your real estate business, a partner can help you achieve incredible levels. That’s why today on the BiggerPockets Podcast we sit down with James Wise to talk about how he used a partnership to build his own investment portfolio, as well as build a thriving brokerage and property management business. In this interview, you’ll learn how James finds and screens tenants, uses BiggerPockets to raise money, and much more.

In This Episode We Cover:

How James got started with real estate
How he (unknowingly) house hacked his first property
How he moved on to his next deals
Tips on finding a business partner
Learning the hard way through trial and error
How James screens tenants now (and the mistakes he used to make!)
Valuable tips on finding partners
How he’s using BiggerPockets to grow his business
His take on starting a brokerage or real estate management company
Tips for real estate agents working with an investor
Where to get the cash to actually live while investing in real estate
And SO much more!

Links from the Show

Books Mentioned in this Show

Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth by Robert G. Allen

Tweetable Topics:

“You’re always going to have vacancies. It’s part of the business.” (Tweet This!)

Connect with James

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126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray Jun 11, 2015

Show notes

Building a real estate empire takes time, effort, and significant amounts of capital. However, as our guest today shares with us, it’s not beyond your reach! Learn how Brian Murray built a real estate portfolio to over 400 units using a variety of strategies and intelligent techniques. If you plan on building a large real estate portfolio in your future, this is a CAN’T MISS episode!

In This Episode We Cover:

How Brian got started with real estate
Why he invested in commercial office space
The techniques he used to get the place rented
What exactly assuming the loan of the seller means
A discussion about Capitalization Rates
Value added investing
How to use the 50% Rule with commercial properties
The value of putting money back into the property
How he manages his properties and his specific views on it
How to find great deals
Tips for real estate investors on getting started
His biggest success and biggest mistake
And SO much more!

Links from the Show

Books Mentioned in this Show

The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges
Rich Dad Poor Dad by Robert Kiyosaki
Don’t Sweat the Small Stuff and It’s All Small Stuffby Richard Carlson

Tweetable Topics:

“You can’t expect anyone to treat your property as well as you do yourself.” (Tweet This!)
“You’re gonna see far better returns if you invest yourself and your time into your properties.” (Tweet This!)
“A lot of people they think that a property is not for sale, everything is for sale.” (Tweet This!)
“Grit is living life like a marathon, not a sprint.” (Tweet This!)

Connect with Brian

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125: The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber Jun 04, 2015

Show notes

What if you could sit down with one of the best-selling business authors of all time and pick their brain? Lucky for you, that’s exactly what you get to do today here on the BiggerPockets Podcast where we interview Michael Gerber, author of The E-Myth Revisited. The E-Myth has been one of the most-frequently mentioned books from past guests on this Podcast, so we just had to sit down with Michael to talk about what makes some investors successful and other’s struggle continuously! Hint: It’s all about the system. Stay tuned!

In This Episode We Cover:

Who Michael Gerber is
How he got to where he is now
Lessons that he learned early in life
What exactly the “E-Myth” is
The primary reason why businesses fail
Working on your business vs. working in your business
“Turnkey-ing” a business
How to invent and implement a system
One tip for a storage unit operator
The four personalities in every business
How to get a mentor
And SO much more!

Links from the Show

Books Mentioned in this Show

The E-Myth by Michael Gerber
The Millionaire Next Door by Thomas J. Stanley
The Book on Investing with No Money Down by Brandon Turner
The E-Myth Revisited by Michael Gerber
Marketing for Business Growthby Theodore Levitt

Tweetable Topics:

“Every small business is a school.” (Tweet This!)
“Don’t get into something unless you’re changing the world.” (Tweet This!)
“Passion is insufficient; persistence and dedication are absolutely critical.” (Tweet This!)

Connect with Michael

Michael’s Company
Michael’s Email

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124: Building a Real Estate Empire At a Young Age with Jered Sturm May 28, 2015

Show notes

Is it possible to invest in real estate when you don’t have decades of life-experiences? That’s the topic we dive into today on the BiggerPockets Podcast with special guest Jered Sturm. Jered, who is in his mid-twenties, is an incredibly successful buy-and-hold investor as well as a house flipper and contractor. Jared’s unique strategy appeals to anyone who is looking to build a large portfolio in a short time. Today’s show is all about hustle, and doing what it takes to succeed! Whether you are 25 or 75, this interview is bound to inspire you to take massive action to find the success you desire. Stay tuned!

In This Episode We Cover:

How Jered bought his first property right out of high school
Details on Jered’s journey to 20+ units
How Jered has financed his deals
The ins and outs of the flips he’s completed
The importance of networking to finding properties
How Jered and his team find deals
The common trait that makes some landlords terrible
The advantages and disadvantages of investing in real estate at a young age
The power of exponential growth
And SO much more!

Links from the Show

Books Mentioned in this Show

The E-Myth Revisited by Michael Gerber
J. Scott’s The Book on Flipping Houses
Investing in Real Estate by Gary Eldred
Business Brilliant by Lewis Schiff

Tweetable Topics:

“If we can do it for others, why not do it for ourselves?” (Tweet This!)
“If you wait longer in life, you’re going to have all the responsibilities that usually come later in life.” (Tweet This!)
“People can find the confidence in you if you just carry yourself the right way.” (Tweet This!)
“There’s gonna be times in life where I’ll know I want free time more than I do now.” (Tweet This!)
“No company cares about the property as much as an owner.” (Tweet This!)
“Be someone that people will lend money to.” (Tweet This!)

Connect with Jered

Jered’s BiggerPockets Profile

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123: Overcoming an Ugly Past to Become a Cash Flow King with Justin Escajeda May 21, 2015

Show notes

Today’s episode of the BiggerPockets Podcast is different than any other we’ve done, and probably not one to listen to with the kids in the car. Today we’re talking with Justin Escajeda, who overcame a life of crime, drugs, and homelessness to create an impressive real estate business, despite his ugly past. You’ll learn about the process Justin went through to build his empire and discover some unique ideasto help you create additional passive income in your life. Prepare to be shocked, encouraged, and motivated after listening to today’s show.

In This Episode We Cover:

How Justin got started in real estate investing
The hard past he had to overcome
His first screening experience with his duplex
How he landed his first deal, a duplex in a low income neighborhood
How he found his real estate partnership
A discussion on seller financing
The ins and outs of self storage
Some of the downsides of self storage
One tip for a storage unit operator
Justin’s opinion on mobile homes
His plans for the future
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki
The Millionaire Next Door by Thomas J. Stanley

Tweetable Topics:

“The more people you network with, the greater your chance to succeed as a real estate investor.” (Tweet This!)
“I try to negotiate with park owners because what’s in their benefit is my benefit too.” (Tweet This!)
“It’s very difficult to do things the correct way, by the book.” (Tweet This!)

Connect with Justin

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122: 5 Myths Holding Investors Back From Real Estate Greatness with Chris Clothier May 14, 2015

Show notes

On this episode of the BiggerPockets Podcast, we’re talking about myths. No, not about Sasquatch, elves, or the abominable snowman. We’re talking about real estate myths that might be holding YOU back from greatness! We’re excited to bring back Chris Clothier, a seasoned investor and business owner who shares stories from his own experiences to help you achieve new levels of success. Don’t miss one second of this incredibly powerful and actionable podcast!

In This Episode We Cover:

Who is Chris Clothier?
What got him into real estate?
Getting to the top 50 Home Buyers
Five Real Estate Investment Myths
Myth 1: Don’t work with family
Myth 2: Past performance is a reliable predictor for future investments
Myth 3: Investing in real estate is a big time sink
Myth 4: You should only invest locally
Myth 5: You should avoid risk at all cost
Five specific scenarios that are risky and how Chris would handle them
Learn an amazing tip when closing a deal!
How not to get ripped off by a property management company
And SO much more!

Links from the Show

Books Mentioned in this Show

Make It BIG!: 49 Secrets for Building a Life of Extreme Success by Frank E. McKinney
Scaling Up: How a Few Companies Make It…and Why the Rest Don’t (Rockefeller Habits 2.0) by Verne Harnish
Start with Why: How Great Leaders Inspire Everyone to Take Action by Simon Sinek

Tweetable Topics:

“You don’t have a job for everyone.” (Tweet This!)
“In any partnership there should be clear lines, clear boundaries, and clear respect.” (Tweet This!)
“A lot of investors look to go out of area first because they don’t understand real estate.” (Tweet This!)
“There maybe more risk with a lower cost investment, than higher cost investment.” (Tweet This!)
“Our fear of losing money is greater than our desire to earn.” (Tweet This!)
“Risk is all about assessing the good and the bad of making the decision or not making the decision.” (Tweet This!)
“For investors, risk is not a bad thing.” (Tweet This!)
“There is no perfect time.” (Tweet This!)

Connect with Chris

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121: Creating the IDEAL Real Estate Investing Business with Andrew and Phillip Syrios May 07, 2015

Show notes

In this episode of the BiggerPockets Podcast, learn how to build an incredibly successful real estate business using the “IDEAL” system. Andrew and Phillip Syrios have built an incredible rental property business in just a few short years and today they’ll share all their best tips so you can do the same. Discover the truth about property management, getting dirty, working with family, rentals, flips, and more! This episode is destined to become one of the most talked-about (and fun) episodes in BiggerPockets Podcast history!

In This Episode We Cover:

How Andrew and Phillip “get things done.”
How the brothers started in REI
Flipping 200 houses… impossible?
How discipline has helped them buy properties
What “IDEAL” real estate investing is… and why it matters
The truth about depreciation
How to find the true value of properties
Tips for newbies on getting started
Working with private lenders to fund deals
The 4 pieces that need to work in order to have a good buy and hold investment
The most important things to know as a property manager
Running a family business
And SO much more.

Links from the Show:

Books Mentioned in this Show

Getting Things Done: The Art of Stress-Free Productivity (revised edition) by David Allen
Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
The Book on Estimating Rehab Costs by J. Scott
The Millionaire Real Estate Investor by Gary Keller
The Landlord’s Survival Guide by Jeffrey Taylor
How to Win Friends & Influence People by Dale Carnegie
Great by Choice by Jim Collins
Good to Great by Jim Collins

Tweetable Topics:

“The number of houses you flip is not that much important, the main thing is how much money you made.” (Tweet This!)
“Grow in a sustainable consistent manner than trying to get from here to there in a snap of a finger.” (Tweet This!)
“Deferring gratification and being able to see the long run is what buy and hold is.” (Tweet This!)
“Every property has some sort of value.” (Tweet This!)
“If you hate working, then nothing’s going to work.” (Tweet This!)
“You’re only as good as your management.” (Tweet This!)
“If you’re the property manager, then you should be the good guy and always on their team.” (Tweet This!)
“Success builds on itself.” (Tweet This!)

Connect with Andrew

Connect with Phillip

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120: How to Find, Analyze, and Finance an Incredible Real Estate Deal! Apr 30, 2015

Show notes

Today on the BiggerPockets Podcast, we’re changing things up and doing something we’ve never done before!

Today we’re bringing you over an hour of actionable advice on exactly how to find real estate deals (even in a hot market,) how to analyze those deals (so you don’t lose money,) and how to finance those deals (even if you have very little cash!)

Don’t miss this exciting and totally different show… a taste of our weekly webinar!

In This Episode We Cover:

A bit about Mr. Brandon Turner and what he does at BiggerPockets
Brandon’s first property- bought when he was 21 years old
How to find an incredible deal, even in a hot market
Using direct mail to find deals
Two methods of using Craigslist
Using the BiggerPockets Marketplace
Using eviction records to find deals
How to Analyze Deals, including a demonstration of the BiggerPockets Calculators
The top 10 mistakes investors make when analyzing deals
How to Finance a Property
The different types of loans you can use
What is Seller Financing?
Using partnerships to fund deals
Hard money vs Private money Lenders
And SO much more!

Links from the Show:

Text to Join the Webinar

Just text “bpwebinar” (without the quotations) to 33444 to join this week’s webinar

Books Mentioned in this Show

Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
The ABCs of Real Estate Investing with Ken McElroy

Tweetable Topics:

“The harder I work, the luckier I seem to get.” (Tweet This!)
“The cake is cashflow.” (Tweet This!)
“Do your math even better because having money makes you dangerous.” (Tweet This!)
“It has nothing to do with intelligence or luck, it has to do with taking action and working hard.” (Tweet This!)

Connect with Brandon

Brandon’s BiggerPockets Profile

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119: From Pro Athlete to Pro Real Estate Entrepreneur with Graham Mink Apr 23, 2015

Show notes

On today’s episode of the BiggerPockets Podcast, we are excited to introduce you to Graham Mink, a professional hockey player turned real estate investor from the state of Vermont. Graham shares the story of getting his first deal while traveling the world and his journey since that day. You’ll learn how he turned the lessons gained from house hacking into a profitable business managing tenants, being a real estate agent, and subdividing properties.

If you want to invaluable lessons about jumping into real estate investing, scaling your business, the ins and outs of financing your deals — and much more — then take a little time out of your day to hear this inspirational show!

In This Episode We Cover:

A bit about Graham and his professional hockey career
What it’s like to transition from professional sports to real estate
His first property and first tenant, thanks to his father!
Details on refinancing a property
What you should know about home equity lines of credit
What exactly an FHA loan is
How to use house hacking to create income
Details on his second deal
A discussion about the real estate market
The ins and outs of finding the property that fits what you want to do
How Graham subdivided a property
The role BiggerPockets played Graham’s success
How to execute a seller-financed deal
The pros and cons of getting real estate license
And SO much more!

Links from the Show:

Books Mentioned in this Show

The Book on Flipping Houses by J Scott
Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
Landlording on Auto-Pilot by Mike Butler
Think and Grow Rich by Napoleon Hill

Tweetable Topics:

“The one who pumps out slow and steady kind of wins the race.” (Tweet This!)
“If you’re not making money, you’re not making money.” (Tweet This!)
“Get your license, find a mentor… scrub toilets if you have to.” (Tweet This!)
“Walk before you run.” (Tweet This!)
“Everybody’s got some kind of advantage.” (Tweet This!)
“When you seen an opportunity that you lose, it opens the door for something else.” (Tweet This!)

Connect with Graham

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118: Condos, Multifamily, and Dealing with Management with Himanshu Jain Apr 16, 2015

Show notes

The links to third-party products and services on this page are affiliate links, meaning that BiggerPockets may earn a commission (at no additional cost to you) if you click through and make a purchase.

When getting started, should you go BIG or go small? On this episode of the BiggerPockets Podcast, learn how Himanshu Jain got started investing in real estate by buying BOTH a condo and a 20-unit apartment complex. Discover the lessons Himanshu learned in the process, as well as the pros and cons of each. Additionally, the discussion on property management is going to blow you away — especially when you learn why Himanshu uses not one but THREE different property managers to look after his portfolio.

Whether you want to diversify your real estate portfolio or you’re just interested in different forms of investing, check out this fascinating, innovative episode!

In This Episode We Cover: