BiggerPockets Real Estate Podcast

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Latest Episodes:

46: Six Figure Profit Spec Building and Marketing for Incredible Deals with Jon Klaus Nov 28, 2013

Show notes

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

Rich Dad Poor Dad by Robert Kiyosaki
The 4 Hour Workweek by Tim Ferriss
The E-Myth Revisited by Michael Gerber
The Richest Man Who Ever Lived: King Solomon’s Secrets to Success, Wealth, and Happinessby Steven K. Scott

Links from the Show

The Rental Property Calculator
BP Podcast 022 – Building a Marketing Machine, Spec Houses, Flipping & Wholesaling with Tucker Merrihew
Wade Cook – Wikipedia
The Definitive Guide to Using Seller Financing to Buy Real Estate
How to Hack Your Housing and Get Paid to Live for Free from Brandon Turner
Forum Threads on Dodd Frank and Safe Act 1, 2, and 3
BP Podcast 038: Unique Strategies for Buying Real Estate with Travis Daggett
J Scott Diary of at Spec Build
Rich Weiss – BiggerPockets Profile
Jon’s recent project (with Photos)

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

Jon’s BiggerPockets’ Profile

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45: Finding Your Unfair Advantage, Rural Investing, and Getting Started with Tom Sylvester Nov 21, 2013

Show notes

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

The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich by David Bach
Rich Dad Poor Dad by Robert Kiyosaki
The 4 Hour Workweek by Tim Ferriss
The E-Myth Revisited by Michael Gerber
The Book on Flipping Houses by J Scott
The Book on Estimating Rehab Costs by J Scott
What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli
The Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets

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

Tom’s BiggerPockets Profile
Tom’s Website: Tom-Sylvester.com

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

44: Creating Systems to Flip Houses While Still Employed with Michael Woodward Nov 14, 2013

Show notes

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

The Millionaire Real Estate Investor by Gary Keller
The 4 Hour Workweek by Tim Ferriss
The E-Myth Revisited by Michael Gerber

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

Michael’s BiggerPockets Profile

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

43: Getting Started, Making Offers, and Crazy Properties with Shaun Reilly Nov 07, 2013

Show notes

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:

Rich Dad Poor Dad by Robert Kiyosaki
Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki
Rich Dad’s Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! by Robert Kiyosaki
Nothing Down: How to Buy Real Estate With Little or No Money Down by Robert Allen
The 7 Habits of Highly Effective People: Powerful Lessons in Personal Change by Stephen R. Covey
Getting Things Done by Robert Allen

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!)

Connect with Shaun

Shaun’s BiggerPockets Profile
Shaun’s BiggerPockets’ Member Blog
Shaun’s Lead Gen Website: http://www.rre-homes.com/

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

42: Building a Monster Wholesaling Business with Mike Nelson Oct 31, 2013

Show notes

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

Rich Dad Poor Dad by Robert Kiyosaki
The 4 Hour Workweek by Tim Ferriss
The E-Myth Revisited by Michael Gerber
The Lean Startup by Eric Ries

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!)

Connect with Mike Nelson

Mike’s Blog WholesalingHouses101.com
Mike’s BiggerPockets Profile

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

41: How to Profit Through Long Term Flipping and Lease Options with Douglas Larson Oct 24, 2013

Show notes

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

The 4 Hour Workweek by Timothy Ferriss
Rich Dad Poor Dadby Robert Kiyosaki
Rich Dad’s Success Stories: Real Life Success Stories from Real Life People Who Followed the Rich Dad Lessons by Robert Kiyosaki
The Millionaire Next Door by Thomas J. Stanley
7 Habits of Highly Effective People by
Freakonomics: A Rogue Economist Explores the Hidden Side of Everything by Steven D. Levitt

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!)

Connect with Douglas

Douglas’ Website: LuckyLarson.com
Douglas’ BiggerPockets Profile

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

40: 40 Quick Tips for Buying Your First (or Next) Investment Property Oct 17, 2013

Show notes

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

No Time To Think: The Menace of Media Speed and the 24-hour News Cycle by Howard Rosenberg and Charles S. Feldman
The Four Hour Workweek by Tim Ferriss
The E-Myth Revisited by Michael Gerber

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!)

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

39: Dirt Cheap Land Flipping and Reaching Motivated Sellers with Seth Williams Oct 10, 2013

Show notes

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

Rich Dad Poor Dad by Robert Kiyosaki
The ABCs of Real Estate Investing by Ken McElroy
Necessary Endings by Henry Cloud

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!)

Connect with Seth

Seth’s BiggerPockets’ Profile
Seth’s Blog Retipster.com

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

38: Unique Strategies for Buying Real Estate with Travis Daggett Oct 03, 2013

Show notes

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

Four Hour Workweek
FLIP: How to Find, Fix, and Sell Houses for Profit by Rick Villani
Millionaire Real Estate Investor by Gary Keller

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!)

Connect with Travis

Travis’ BiggerPockets Profile

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

37: Full Time Income, Part Time Lifestyle Real Estate Investing with Aaron Mazzrillo Sep 26, 2013

Show notes

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

The New iOS7 BiggerPockets App
BiggerPockets Pro
BiggerPockets Book on Estimating Rehab Costs
BiggerPockets Book on Flipping Houses
Fiverr.com – Get any task done for $5
Tenant Screening: The Ultimate Guide
VFlyer.com
Books Mentioned in the Show
Think and Grow Rich by Napoleon Hill
Getting Everything You Can Out of All You’ve Got by Jay Abraham

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!)

Connect with Aaron

Aaron’s BiggerPockets Profile

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

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