BiggerPockets Real Estate Podcast

Live with Kelly and Ryan

Check the full show notes here: https://www.biggerpockets.com/show551

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550: BiggerPockets Podcast 550: Foreclosures, Flipping, and Creating Your Rental Property “Buy Box” w/Tommy Christy Dec 28, 2021

Show notes

Tommy Christy has bought more homes than most investors you know combined. While he didn’t have to put up his own money to close on the deals, he did go through the process of lead generating, offering, auctioning, analyzing, and finally closing on them for his hedge fund employer. He was able to score twenty-seven hundred homes in just over two years, before realizing it was time for him to build his personal portfolio a bit more.

When the market crashed in 2009, Tommy saw an opportunity to buy homes at a significant discount. He was essentially buying anything under sixty thousand dollars in California, which turned out to be a good idea seeing how much the state has appreciated in the past twelve years. Tommy knows what it takes for the hedge funds to buy a great deal, but he also knows what they’re overlooking.

Even if you’re not planning on buying two-thousand plus units in two years, Tommy’s knowledge of “buy boxes” and systematizing your lead flow can help you reach a significant unit count, much faster. If you want to partner up on a deal, have a chat, or wholesale a home, get in touch with Tommy at tommy@ilovehouses.com!

In This Episode We Cover:

REOs vs. foreclosures vs. pre-foreclosures (and which you should look out for)

Creative financing and understanding which type falls into which market cycle

Developing your “buy box” and “crystal clear criteria” for real estate deals

Thinking like a hedge fund so you can beat them at their own game

How to scale your portfolio so you don’t just have more units, but less work

Where to find the best lead sources so you can buy, BRRRR, or wholesale as you see fit

And So Much More!

Links from the Show

BiggerPockets Show 551 with Josh Dorkin

Zillow

David Greene's Company

Wells Fargo

Property Radar

BiggerPockets Podcast 527: 300 Doors, 100% Creative Financing with Pace Morby

BiggerPockets Podcast 543: 5 Tools To Unlock Your “Ideal Life” w/ “Traction” Author Gino Wickman

Josh Dorkin

BiggerPockets Podcast 325: From Major Business Failure to Buying 20 Houses a Month With Aaron Amuchastegui

Jeff Brown's BiggerPockets Profile

Supermarket Sweep

Check the full show notes here: https://www.biggerpockets.com/show550

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549: Building a $2M Portfolio While Raising 2 Kids w/ Maria Friström Dec 26, 2021

Show notes

Maria Friström is an investor, designer, mother, and business owner from Finland, and she’s one of the only few people that can match Brandon Turner in height. Maria was working in Silicon Valley before she voluntarily left her position to build an empire of her own. She took her down payment savings for a primary residence and on a whim bought a rental property in Fort Collins, Colorado.

She and her husband then decided to move to Finland to raise their children. Through some challenging life events, Maria was left heartbroken and grief-stricken, with a business that became a full-time job for her. She wanted to express her creativity via design, so they decided to move back to America to flip their first rental property in Colorado.

Maria’s inspiring story is a testament to how real estate investing can pull you out of financial, emotional, and mental depths. She has built a real estate empire worth well over two million dollars and has the financial freedom to spend time where she wants, with who she wants, doing what she wants.

In This Episode We Cover:

How to build your real estate portfolio without building yourself a job

Using real estate as a hedge against high taxes

Presenting investment opportunities in a professional, efficient way

Healing after heartbreak and using your passions to bring you mental clarity

The 4 keys to raising capital for real estate investing (whether it be banks, private money, etc.)

Why you should always be willing to eat the shiz sandwich

And So Much More!

Links from the Show

BPCON2021

BiggerPockets Pro Membership

Brandon Turner’s Instagram

David Greene’s Instagram

BiggerPockets Podcast 485: Atomic Habits That Help You Achieve Unthinkable Success w/ NYT Best Selling Author James Clear

How to Retire Early With Real Estate & Do What Matters More with Chad Carson

How to Use the DISC Profile to Communicate Effectively in Business

Click here to check the full show notes: https://www.biggerpockets.com/show549

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548: How to NOT Get Scammed on Your Next “Real Estate Opportunity” w/Mike Nuss & Tyler Combs Dec 23, 2021

Show notes

Your real estate partnership may be closer than you think. Maybe it’s that seller you’re talking to on craigslist, maybe it’s your home appraiser, or maybe it’s someone you meet at a sketchy real estate investing company. Mike Nuss and Tyler Combs never planned on becoming partners when they linked up to discuss a potential sale of a property. But, when fate put the two together again in the same company, they decided to split off and use their complementary skill sets to build a real estate empire.

Mike brought the acquisitions and property management side to their business, while Tyler focused on managing and selling flips. Together they brought the rocket fuel of profit and cash flow to their growing business. Now, they’ve acquired more than eighty units and aren’t planning on stopping any time soon.

Mike and Tyler built their business on the back of strong investor relationships, truthful and honest work, and the ability to find seller finance deals. With the combo of creative financing, marketing, and hard work, they’ve become real estate leaders in their area with an expanding portfolio, team, and strategy.

In This Episode We Cover:

How to vet someone who’s raising capital for a real estate investment

Combining flips and rentals to maximize growth in real estate

Using seller financing to acquire more units with less money upfront

Creative financing options like subject to, raising private capital, and more

“Land Banking” and using it to set up your portfolio for future success

Becoming a master in your field and going a mile deep on your strengths

And So Much More!

Links from the Show

BPCON2021

BiggerPockets on Itunes

BiggerPockets Pro Membership

Brandon Turner’s Instagram

David Greene’s Instagram

BiggerPockets Podcast 423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan

BiggerPockets Podcast 297: Mastering the Decision-Making Process with Business (and World Series of Poker) Champion Annie Duke

Click here to check the full show notes: https://www.biggerpockets.com/show548

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547: 52 Properties in 52 Weeks with Omni Casey Dec 21, 2021

Show notes

Buying and selling real estate portfolios isn’t what Omni Casey was raised to think about. As a middle child in a large family, Omni was never given the “investing talk” and was often surrounded by people who thought landlords were greedy. But, Omni had the entrepreneurial spirit, and through trial and error, found real estate investing to be the most reliable, practical, scalable, and fun business around.

He started with a single “condotel” in his native state of Hawaii before branching off into out-of-state investing. For most of the past two decades, Omni never spoke about his investing career to those outside of his immediate family. It wasn’t until recently that he started the “Cash Flow Breakfast Club” for agents in his brokerage to talk about investing, financial freedom, and generational wealth.

Now, with over one hundred properties, Omni is on a mission to purchase fifty-two properties in fifty-two weeks! Although it’s not the end of the year just yet, we’re quite confident that he and his team will successfully cross the finish line.

In This Episode We Cover:

How to get into real estate when your family doesn’t openly talk about money

Finding a mentor and using their expertise to propel you forward

Purchasing real estate in expensive markets and when to value appreciation over cash flow

The questions to ask a potential property manager in a new market

Buying and selling real estate portfolios to create a win-win for both parties

2022 market predictions and why you shouldn’t depend on today’s political environment

The “Cash Flow Breakfast Club” and Omni’s new book

And So Much More!

Links from the Show:

BPCON2021

Cashflow Board Game

Click here to check the full show notes: https://www.biggerpockets.com/show547

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546: Flipping 30 Houses Per Year All While Keeping Wealth-Building Cash Flow w/ Noah Evans and Jeff Fawson Dec 19, 2021

Show notes

Adversity tends to breed ingenuity and genius. More often than not, smart and capable individuals will find a way to use their hardships as fuel to build something better. This is exactly what house flipping, wholesaling, and rental property-owning partners Noah Evans and Jeff Fawson did.

Noah and Jeff were both following different paths to real estate success, taking on apprenticeships under investors who had already made it big. It wasn’t until Jeff was doing some work on Noah’s house that the two began talking, realizing they had the same type of past conflicts and saw each other’s strengths as their own weaknesses.

Now, they’re building a systematized, scaling real estate business, operating in multiple markets, and bringing in not only flipping and wholesaling profits but generational wealth-building cash flow. Noah and Jeff discuss how they research markets for investing, systematizing fix and flips down to a point-by-point checklist, and how to make networking beneficial (instead of a drag).

In This Episode We Cover:

Using your past struggles to fuel your future success in real estate and life

Networking in a way that truly adds value to other investors’ lives

Finding a partner who matches your weaknesses and struggles in your strengths

How to identify and research a new market for real estate investing

The systems and tools that Noah and Jeff use to run their scalable business

Paying attention to personal progress, instead of the dollar amount on a deal

How ripped BiggerPockets founder Josh Dorkin has become

And So Much More!

Links from the Show

BiggerPockets on Itunes

BiggerPockets Pro Membership

Brandon Turner's Instagram

David Greene's Instagram

Chasing Freedom Website

Click here to check the full show notes: https://www.biggerpockets.com/show546

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545: Self Storage Investing and Avoiding “Monster Houses” w/ Sergio Altomare Dec 16, 2021

Show notes

Sergio Altomare didn’t start out investing in self storage. He made a massive leap, making lots of mistakes along the way until he found this gold mine of an asset class. For years, Sergio was buying small multifamily properties, one of them being a “monster house” which he later had to sell due to some serious zoning issues. Once he was introduced to syndications, he knew he could take his portfolio higher, without the headaches of large multifamily.

Now, Sergio has twelve self storage facilities, with a combined valuation of close to $40M. He’s been able to increase his equity by many, many millions with simple value-add strategies like increasing rent, paving parking lots, and installing key-accessible gates for his customers. This isn’t the regular value-add you’re used to with granite countertops and freshly tiled showers; self storage value-add can be minimal with massive results.

Sergio also dives into his long-term exit plans—something every investor should be thinking about. Are you planning on selling your properties one by one to the highest bidder, or will you package them up and walk away with a huge payday?

In This Episode We Cover:

What a multifamily “monster house” is and why you should avoid them

Zoning laws and how they can affect your long-term profit

The pros and cons of investing in self storage facilities

What to look for in self storage facilities and other types of commercial real estate

How to raise money for your deals (even if you’re a new investor)

Defining your exit plan so you can walk away rich after building your portfolio

And So Much More!

Links from the Show:

BiggerPockets on Itunes

Facebook Ads

Google ads

Radius Plus

U-Haul's Facebook page

Blackstone

Bird-in-Hand Self Storage

The Real Estate InvestHER Facebook Community

BiggerPockets Podcast 388: The 7-Step “Playbook” for Scaling Your Real Estate Business With AJ Osborne

Hearthfire Self Storage

BiggerPockets Podcast 286: $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ Osborne

Paul Moore's BiggerPockets Profile

Ashley Wilson's BiggerPockets Profile

Liz Faircloth's BiggerPockets Profile

Check the full show notes here: https://biggerpockets.com/show545

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544: How to Craft a Vivid Vision in Your Real Estate Business w/ Cameron Herold Dec 14, 2021

Show notes

Cameron Herold developed the “Vivid Vision” format years ago, allowing not only him but other high-level business leaders to peek into the crystal ball of their futures. This vision doesn’t magically come true once you write it out, but mysteriously, those who craft a "Vivid Vision" accomplish, if not exceed, their goals for the future.

No one is more deserving of a call with Cameron than J.B. Klein, our winner of BPCon 2021’s coaching call giveaway. J.B. scaled quickly over the past year to hit a respectable unit count, but he’s feeling traction slip out from under his feet. J.B. wants to ensure that his business is set up to grow if he intends to acquire many multiples of his current portfolio.

To that end, JB crafted a Vivid Vision, and a team of copywriters at Conscious Copy helped turn it into a masterpiece!

This call between Cameron and J.B. is a massive resource to anyone investing in real estate, regardless of business size or experience. Cameron is a highly sought-after business coach and he makes clear, direct points that any listener of The BiggerPockets Podcast can take and expand upon to make their lives more fulfilling.

In This Episode We Cover:

How to craft your three-year “Vivid Vision” of a future business

Describing and defining your why behind business growth, passive income, and freedom

Building strong relationships with your team, partners, and investors

Minimizing anxiety and sleepless nights as a stressed-out leader

Delegating any task that doesn’t include your “genius”

Setting up the core values of your business and sticking to them

And So Much More!

Links from the Show

Conscious Copy (Vivid Vision Copywriting Team)

Invest in Your Leaders Course

BPCon 2021

Keller Williams Realty

1-800-GOT-JUNK?

The Second-in-Command Podcast

Harley-Davidson

David Osborn's Personal Website

JB's Vivid Vision

Check the full show notes here: https://biggerpockets.com/show544

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543: 5 Tools To Unlock Your “Ideal Life” w/ "Traction" Author Gino Wickman Dec 12, 2021

Show notes

Gino Wickman’s name is synonymous with business growth, entrepreneurship, and freedom. He spent the majority of his youth building up his father’s company to later sell it for a substantial sum. After teaching others how to do the same, Gino took the time to write books that would pave the way for future entrepreneurial success. Books like Traction, Rocket Fuel, Get A Grip, and his newest book, The EOS Life.

In it, Gino describes the five points of an ideal life: doing what you love, with people you love, making a huge difference, being compensated appropriately, and having time for other passions. Sounds like paradise doesn’t it? Well, if you’re an entrepreneur (or a want-to-be entrepreneur), this “ideal life” is perfectly within your grasp.

On today’s show, Gino walks through how any entrepreneur, nine-to-five worker, or business owner can hit all five of these points and live a truly fulfilling life. Gino mentions five separate tools that can help you along your journey to an ideal life, but the most important piece of this entire show is how you have to put up the risk to take away the reward.

In This Episode We Cover:

Why Gino created EOS (Entrepreneurial Operating System) for business owners

Whether or not you have the six essential traits of an entrepreneur

The five points of living an ideal life (and why they’re closer than you think)

Dropping your $25/hour tasks and starting to focus on $1,000+/hour tasks

Understanding that reward does not come without sufficient risk

Why time off from work can fuel better ideas and help you enjoy life more

And So Much More!

Links from the Show

BiggerPockets Rental Property Calculator

BiggerPockets Pro Membership - Use discount code: podcast21

BiggerPockets Blogs

BiggerPockets Webinars

BiggerPockets Books by Brandon Turner

BiggerPocket's Ultimate Beginner's Guide to Real Estate Investing

Click here to check the full show notes: https://www.biggerpockets.com/show543

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542: 22 Doors After “Starting from Negative” w/Billy Dha Kidd Dec 09, 2021

Show notes

Billy Dha Kidd is better known for his rapping than his real estate skills, but both careers are worth celebrating. Billy’s early life was anything but comfortable — growing up in El Salvador, he was used to no running water and no electricity. He likes to say that he didn’t start at zero but started at negative one-hundred. Billy’s family immigrated to the United States when he was 10 years old, moving first to California and then later to Nebraska.

As a teenager, Billy began rapping as a way for him to express himself but found he loved the craft. Rapping allowed Billy to fill his time with something positive, instead of taking the wrong path many of his friends were on. His rap taught him sales skills, business skills, how taxes work, and most importantly, how to make money.

Reading stories of generational wealth, Billy was compelled to start investing in real estate. He got his first deal, learned a lot about the BRRRR strategy, and continued to put his knowledge to work. Now, he’s sitting on twenty-two doors between eighteen different properties. He gives credit to simply taking responsibility for his outcomes, instead of blaming others or the system around him.

In This Episode We Cover:

Building wealth even if you started with a disadvantage

Developing sales skills and using them when buying and selling properties

Generational wealth and why it means more than just getting rich

Finding deals both on and off-market for the BRRRR strategy

The biggest hurdles that come with owning a large rental portfolio

Creating a sellable, scalable business so you work less and make more

And So Much More!

Links from the Show:

BiggerPocket's Ultimate Beginner's Guide to Real Estate Investing