BiggerPockets Real Estate Podcast

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Our Interview with Heather Blankenship on RV Park Investing

Are There Opportunities in Hotel Investing in 2022?

Struggling to Find a Stellar Contractor? Try These 9 Pro Tips

The Definitive Guide to Using Seller Financing to Buy Real Estate

Watch Rob’s Video on This Property

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-660

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659: Beat the Grind: Make Millions in Real Estate by Gamifying Your Day-To-Day w/Luke Rotvold Sep 08, 2022

Show notes

Nobody likes cold calling. Even just the thought of cold calling is enough to make seasoned real estate investors start to sweat. The waiting, debating, and constant rejection can get to anyone. So why not take the stress out of a tense situation? Why not make cold calling a game? Luke Rotvold decided to do just this. As a new wholesaler, he was used to spending hours on the phone every day. He got so bored that he started playing video games while negotiating with sellers. Surprisingly, it didn’t distract him—it made finding deals far easier.

Luke severely leveled up his cold calling skills during those eight-hour long Madden marathons, and eventually started making enough money to build his own team. But Luke didn’t want to start something that felt like a drag to the workers, employers, and everyone else in between. Instead, Luke built a lifestyle-first business, where everyone wins (and loses) together, and coming to work feels like an escape, not a prison sentence.

The results speak for themselves as Luke and his team have been able to crush massive wholesaling, flipping, and investing goals. Luke has made hundreds of thousands on flips, tens of thousands cold calling, and now watches as his cascading cash flow rolls in from his buy and hold investments. He breaks down his four tips to gamify your real estate business so you, and your team, can build wealth together.

In This Episode We Cover:

Why cold calling is such a difficult skill to master and how making it fun will get your more deals

Creating a company culture that outside employees will be envious of

The four ways to gamify your real estate investing so you can enjoy getting more done

Sharing the wins, and losses, with a team so everyone rises together

Incentivizing not only your employees but yourself by building powerful goals

Partnering with those you work with so you can collectively build bigger portfolios

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

5 Cold Calling Techniques That Really Work

No. 1 Most Effective Way to Master the Art of Cold Calling

Which Company Culture Cultivates Competency?

Books Mentioned in the Show:

Top Five Regrets of the Dying by Bronnie Ware

The Monk Who Sold His Ferrari by Robin Sharma

Connect with Luke:

Luke's Instagram

Luke's YouTube

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-659

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658: BiggerNews September: Mortgage Rate Predictions from the Nation’s #1 Lender w/Mat Ishbia Sep 06, 2022

Show notes

Mortgage rates went from being a nap-inducing topic to becoming one of the most talked about, researched, and debated subjects of 2022. After two years of rock-bottom interest rates, homebuyers and investors are getting a rude awakening with some of the biggest mortgage rate hikes in decades, used simply to slow down the economy’s rampant inflation. But where are we headed, and if interest rates go higher, is there a way that the everyday investor can still lock in a low payment?

There’s no better person to ask than US Wholesale Mortgage’s Mat Ishbia. Mat has been running the US’s largest wholesale mortgage company for decades, so he knows the ins and outs of the industry better than anyone else. His company provides some of the lowest payments and fastest closings for residential and investor borrowers around the country. With all this background knowledge, where does Mat think that mortgage rates are headed by the end of 2022?

Mat pulls out his wealth of knowledge to give investors just like you the best glimpse into the future on this month’s BiggerNews episode. Not only that, Mat walks through how every borrower can save a whopping $9,400 on their next mortgage by making one simple move, and why investors should work with a mortgage broker first, not a mortgage lender, when trying to find the best rates, service, and closing dates around.

In This Episode We Cover:

Why working with a mortgage broker gives borrowers better pricing and flexibility

Interest rate predictions as we enter into the second half of 2022

Where to find the cheapest mortgage (regardless of interest rates)

Housing market forecasts and whether or not the recession will hit homebuying

DSCR loans and other investor-only loans that won’t require a W2

How interest rates are calculated by mortgage lenders and what happens behind the scenes

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Find a Lender in Your Area

What’s the Difference Between a Mortgage Banker and a Mortgage Broker?

Ask These 19 Questions to Find the Best Mortgage Lender

Hear About David’s Low Money Down BRRRR Deal

Dave's BiggerPockets Profile

Dave's Instagram

Book Mentioned in the Show:

Buy, Rehab, Rent, Refinance, Repeat by David Greene

Connect with Mat:

United Wholesale Mortgage

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-658

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

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657: Seeing Greene: Can You Start Investing with Just $5,000? Sep 04, 2022

Show notes

The best way to build wealth isn’t always the most obvious. More people will take the passive road to wealth building, which is usually far slower, and much less efficient than the active path to wealth. The active investor takes time making calculated decisions that would scare almost every average investor. Flipping a house, renovating a rental, or buying a thirteen-unit apartment building may be a little too much for most people, but probably not too much for you.

If you’re looking to fast-track your way to millionaire status, have the passive cash flow to float you in retirement, and live life on your schedule, then real estate investing is probably your chosen asset. The guests of today’s Seeing Greene episode prove this even with their quick questions. In this episode, David will answer questions on which investing strategy is best over the next ten years, whether to invest in stocks vs. real estate, how to start investing with as little as $5K and up to $100K, and how increasing your leverage can slingshot your net worth.

Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!

In This Episode We Cover:

The 1031 exchange explained and how to turn one property into many

Single-family vs. multifamily real estate and which will make more in the next decade

Real estate coaching and why it might not be as good of a career as most people think

Stocks vs. real estate and which is better for the investor trying to build wealth now

Paying off debt vs. investing in real estate and how to know which move is right for your specific circumstance

How to start investing with as little as five-thousand dollars (even with no experience!)

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Ask David Your Real Estate Investing Question

BiggerPockets Real Estate Podcast 639 with Matt Argersinger from “The Motley Fool”

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-657

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

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656: The “Deal Never Dies” & Picking Up Properties Other Investors Neglect w/Tyler and Trevor Sarter Sep 01, 2022

Show notes

A “dead” real estate deal happens more than you’d think. Somewhere along the line, a buyer, seller, agent, or investor gives up. Either there’s not enough money, time, or patience left in the deal to get the property bought or sold. When real estate transactions drag out, you could get caught with months of holding time or thousands in inspection costs, only to have the deal drop out from under your feet. So, how do you revive a dead deal when everyone else has given up? Just ask Tyler and Trevor Sarter.

Tyler and Trevor are based in Detroit, dealing with lots of international investors who want a piece of the cash-flowing pie. They work primarily as wholesalers, but also flip houses, and advise/consult their investors from abroad. They have a “do what you need to do to get the deal done” type mentality, which to no surprise has served them very well in their business. When other investors give up, Tyler and Trevor are waiting in the wings to get the property closed.

As two former basketball players, they understand what working as a team means and how everyone needs to play their part in order to become champions. They’re not as profit-oriented as they are solution-oriented, making sure everything gets done no matter what comes their way. Because of this, they’ve built a successful real estate business, better yet as two brothers.

In This Episode We Cover:

How to find buyers, sellers, and deals as a wholesaler, flipper, and investor

Keeping the deal “alive” and why over-communicating is necessary to start investing

Staying organized and building a fine-tuned machine that will run even when things go wrong

How to prepare yourself as a rookie real estate investor for your first deal

Using real estate to help friends and family deal with tough situations (while you also make a profit!)

Finding the “MVP” of your team and the support roles that will boost that player up

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

The Newbie’s Guide to Wholesaling in 7 Simple Steps

How to Build a Highly Effective Real Estate Team

REIPro

PropStream

Books Mentioned in the Show:

Rich Dad Poor Dadby Robert Kiyosaki

Millionaire Real Estate Investor by Gary Keller

The Millionaire Fastlane by MJ DeMarco

Masteryby Robert Greene

Connect with Tyler & Trevor:

Tyler's BiggerPockets Profile

Trevor's BiggerPockets Profile

Work with Promise Land Realty

Work with Promise Land Realty on Instagram

Work with Promise Land Realty on Twitter

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-656

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

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655: Private Money Explained Part 4: Rates, Returns, and Protecting Investors w/Amy Mahjoory Aug 30, 2022

Show notes

Private money lending has become a hot topic over the past few years. With rising equity and asset prices, more lenders have come out of the woodwork, and an equal amount of investors have sprouted up to match the need. But taking on private money isn’t a light decision, although most investors think of it that way. Doing a deal the wrong way could put your reputation in jeopardy and rack up an expensive bill you’ll need to pay back.

Before you accept (or lend) private money, there are a few things you should know. But you don’t have to go through trial and error to figure them out! Back on part four of this private money series is Amy Mahjoory, investor and private money expert. Amy goes into the nitty-gritty of private money, from debating debt vs. equity to the risk of raising capital, protecting your investors, and the type of interest rates you can charge and returns you can expect.

If you haven’t raised or lent private money before, we recommend watching the entirety of this four-part series, as it answers crucial questions that rookies can often overlook. We also follow up with some Q&As from the comment section about how to pay a private money lender back, why coaching is seen as scammy, and the three documents you’ll need to do a private money deal.

In This Episode We Cover:

Raising debt vs. equity for your real estate deal and which one comes with more risk

Building rapport with lenders and never accepting “random” investments

The most common private money red flags for both lenders and investors

The three documents you’ll need to accept a private money loan

Finding “silent partners” who will fund your deal without overriding your decisions

The best investment opportunities of 2022 in multiple different niches

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Amy’s Private Money Resources

BiggerPockets Podcast 636 with Amy Part 1

BiggerPockets Podcast 637 with Amy Part 2

BiggerPockets Podcast 654 with Amy Part 3

BiggerPockets Podcast 649 with Alex Hormozi

Raising Private Money Live Event

Coaching with Amy - PML Excel Course

Amy's E-book

Books Mentioned in the Show:

Lend to Live by Alexandria Breashears & Beth Johnson

Raising Private Capital by Matt Faircloth

Pitch Anything by Oren Klaff

Connect with Amy:

Amy's Website

Amy's LinkedIn

Amy's Instagram: @amymahjoory

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-655

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

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

654: Private Money Explained Part 3: The "Credibility Pieces" Lenders Love to See w/Amy Mahjoory Aug 28, 2022

Show notes

Finding a private money lender is far less complicated than people think. Striking up a ten-minute conversation could be enough to find your next round of private money. At least that’s how it worked out for Josiah. Josiah is a small business owner, running a pool cleaning business while building up a small portfolio of rental properties. He sees dozens of new faces every day, and those new faces directly translate into new opportunities.

After hearing our past episodes with Amy Mahjoory, Josiah took some of her tips and began pitching his deals to everyone he encountered. Now, he’s got some private money lenders lined up for his new multi-unit, four and a-half acre, short-term rental real estate deal. We told you—raising private money is a lot easier than most people think! But we’re not just talking to Josiah today. We also have Amy back on the show for part three of her private money masterclass.

This time, Amy talks about building the “credibility pieces” that give private money lenders confidence in you, your team, and your deal. These range from presentations to deal reviews, calculators, and more. These private money tools took decades to build and Amy still uses them today! Interested in testing out some of Amy's private money-raising tools? Check out the BiggerPockets Real Estate Podcast show page for links!

In This Episode We Cover:

Josiah’s "pool guy to private money" story and how anyone can find private money in their area

The FACT framework recap and using it to establish a system for finding private money

Building rapport and creating credibility by showcasing yourself, your deals, and your team

The sixteen “credibility pieces” Amy uses every day to engage more private money lenders

How to be prepared when private money lenders ask you specifics about a certain deal

A brief lesson in how to escape a bear “attack” from Rob Abasolo

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Amy’s Private Money Resources

BiggerPockets Podcast 636 with Amy Part 1

BiggerPockets Podcast 637 with Amy Part 2

Coaching with Amy - PML Excel Course

Amy's E-book

Books Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

Lend to Live by Alexandria Breashears & Beth Johnson

Raising Private Capital by Matt Faircloth

Connect with Amy & Josiah:

Amy's Website

Amy's LinkedIn

Amy's Instagram: @amymahjoory

Josiah's Instagram: @josiahhein

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-654

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

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

653: Tarek El Moussa on Why Flopping While Flipping is The Way to Win Aug 25, 2022

Show notes

You’ve probably seen Flip or Flop before. Even if you’re not a home flipper, it’s hard to not get sucked into the glitz and glamor of watching Tarek El Moussa and his team rip out old fixtures from the 1950s and replace them with brand new, beautifully designed upgrades. Tarek is one of the most recognized home flippers in the world and has inspired thousands of others to start building wealth through real estate. He’s an inspiration to all of us, but how did he get to such a peak point?

Tarek wasn’t a great flipper right out the gate. He electrocuted and burned himself on his first deal, but that wasn’t enough to deter him. Before the great recession, Tarek was living large, making forty-thousand dollars a month in his early twenties. But when the crash came, he had to sell everything and start from scratch. After attending a real estate seminar he caught the flipping bug and realized he needed to invest in real estate full-time.

After a successful first flip, he pitched the idea of Flip or Flop to different television networks, with HGTV finally giving him a chance. He describes the first season of Flip or Flop as working eighteen-hour days, constantly stressing, and forcing himself to build a business, not just a side-hustle. This allowed him to delegate by buying more flips and building wealth faster. Funnily enough, his main piece of advice for flippers isn’t to try and make more money—it’s to start losing it instead.

In This Episode We Cover:

Tarek’s five house flipping tips that anyone can use to successfully start flipping

The single biggest mistake that most flippers (and investors) make

Flipping while filming and how to pitch a TV show as a complete novice

Why finding real estate deals is the most important thing a house flipper can do

Knowing your market and the key metrics to look for when investigating an area

Designing a renovation that will beat out the comps in your neighborhood

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Enroll In the BiggerPockets Bootcamps and Get 10% Off Using Code “BOOTCAMP10”

Do You Make These 7 Deadly House Flipping Mistakes?

Books Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

The Book on Flipping Houses by J Scott

Connect with Tarek:

Invest with Tarek and His Team

Tarek's Instagram: @therealtarekelmoussa

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-653

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

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

652: Landlord Lowdown: 2022 Market Questions Answered from 4 Expert Perspectives Aug 23, 2022

Show notes

You may already be a landlord, or you might still be searching for your first rental property. How should you go about finding a winner? What’s the best real estate market to invest in and how do you make the most money while having the least amount of stress? Only experienced landlords know how to answer these questions. They’ve bought dozens of houses, dealt with numerous tenants, and been through trial and error, so you don’t have to. And that’s exactly what this episode is all about.

Ashley Kehr, host of the Real Estate Rookie Podcast, and Craig Curelop, author of The House Hacking Strategy, are here to answer common landlording FAQs. Both Ashley and Craig have had so much interest in their individual endeavors that they’re now hosting the BiggerPockets Bootcamps! Ashley’s will teach you about buying (and managing) your first property the right way, while Craig’s house hacking bootcamp will give you everything you need to buy your first house hack property in just ten weeks!

Along with real estate regulars David Greene and Rob Abasolo, Ashley and Craig will be touching on some hot topics in today’s episodes. Topics like when to give rent credits to tenants, pros and cons of renting by the room, the first steps to take after getting a property under contract, how to show your rental units, and where to find the best real estate markets around.

In This Episode We Cover:

Tenant rent credits, when to apply them, and the dangers of using them improperly

Pros and cons of renting by the room and how house hacking can be seriously profitable

Mixed-use properties and the first steps you should take after getting one under-contract

In-person vs. virtual showings and which are better for leasing/selling a property

Becoming a “passive” landlord and setting your system up to take care of headaches for you

The telltale signs of a great rental property market and which states show the biggest signs of progress

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area