BiggerPockets Real Estate Podcast

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Latest Episodes:

470: The 7 Tips @investorgirlbritt Used to Go from Amateur to Pro Investor May 20, 2021

Show notes

There has been a great feud between Brittany Arnason and Host of the BiggerPockets Podcast, Brandon Turner. Both of them have done lots of renovations on houses, secured millions in funding, and live right next to the beach in Maui, but only one of them has won a “quickest person to get to 200,000 followers on Instagram” battle. We’re happy to have the winner on our show as a guest today!

Brittany started out her real estate journey when she was 18 years old, buying her first rental property and tackling a multitude of different DIY projects. If you haven’t heard her story, you can check it out on episode 320. Now she’s back to talk about how she moved to Maui, hired out her employees, secured funding on commercial deals, and used social media to get her deals and connections.

Her biggest advice to new investors, “jump in before you’re ready”. You won't ever have all the answers, but those who get started will finish far ahead of those who always dream about being an investor. You can also help ease the stress and unforeseen speed bumps by getting in groups with other investors, following those you look up to on social media, and becoming a resource for future mentors.

In This Episode We Cover:

Using social media to find deals, mentors, employees, and friends
Generating leads in unorthodox ways
Fighting back against imposter syndrome and seeing your strengths
Getting super cheap interest rates when closing on commercial mortgages
Why the bigger deals tend to be the more passive ones
Why whatever you believe can end up being true
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show470

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469: Why Do Investors Lie to Themselves? +More Audience Q&A (Part 2) May 16, 2021

Show notes

We interview a lot of great guests on our Sunday episodes of the BiggerPockets Real Estate podcast, but we rarely hear from agents, investors, and BiggerPockets listeners who are in an early stage of real estate success. Both Brandon and David know what it’s like to be grinding, day in and day out, to get your real estate business off the ground. That’s why they’re here today to answer questions from live listeners about mindset, mentality, and growth.

We talk to Brody, Joseph, Wale, and Mike, all in different stages of their real estate journey, and all very committed to success! You’ll hear questions like:

If given the chance to go back, what would Brandon and David do differently?
What deserves more emphasis, mindset or skill set?
Is it okay to explore different opportunities at an early stage of investing?
How to find balance when SO many opportunities are exciting?
How do you make time for family, a job, side businesses, and real estate?
Why do investors lie to themselves?

Thanks again to our guests for coming on and throwing such great questions at Brandon and David!

In This Episode We Cover:

Leaving your W2 job to pursue real estate and other opportunities
How to harness your mindset to grow your specific skill set
The power of house hacking, and how it pushes your portfolio forward
Scaling bigger and faster (even if it’s scary)
Developing the ability to adapt, so you can survive any situation
How to stop making promises that you’ll fail to uphold
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show469

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468: You Asked, Brandon and David Answered: Real Estate Q&A (Part 1) May 13, 2021

Show notes

Last time we did a live Q&A, fans from all over came on to ask questions to Brandon and David. Now we’re back, answering the questions that BiggerPockets Real Estate Podcast fans have on their minds. We’ll go over a handful of questions, all from different investors in different parts of their real estate journey. Questions include:

How can investors offload their unwanted properties to charities?
How do I stop analysis paralysis even after so much research?
Is it a good idea to buy in an area with a falling population?
What metrics should I look for when scaling my portfolio?
What’s the best niche to build wealth fastest?
Plus other commonly asked questions

Thanks again to our guests Nicole, Michael, Ryan, Owen, and Emily for throwing their great questions at Brandon and David!

In This Episode We Cover:

The biggest regret that most real estate investors have
Scaling to bigger and better deals (with higher unit counts)
Finding a mentor who can push you to accomplish BIG deals
Using other people’s money to build your real estate portfolio
The best niches for newbie investors to start out in
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show468

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467: #1 NYT Bestselling Author Adam Grant on the Need to “Think Again” May 09, 2021

Show notes

Everyone wants to be right all the time. We have so many preconceived notions running through our heads at all times, and we always think that we’re the ones standing on the right side of history. What if that train of thought was secretly pushing you to failure, or even death? Adam Grant argues this point in his book Think Again.

Adam hypothesizes that the main reason so many businesses, relationships, and experiments fail is because those in them tend to be locked in on one view. How many times have you been in a fight with your partner where you realize you maybe wrong, but also realize it would be worse to back down from your original stance?

This is how businesses like Blockbuster and Blackberry slowly faded away while the likes of Apple and Microsoft flourished. Adam talks through some of the best (and worst) moments in business history when companies thought they were too big to fall. The same goes for political candidates, social movements, and almost any other type of human-to-human interaction. The one way you can be sure you’re coming out with the right conclusion? Think like a scientist!

In This Episode We Cover:

The preacher, prosecutor, and politician mindsets
Valuing humility over pride and stopping your ideas from becoming your identity
How ego, image, and regret play into the way we act
Blackberry vs Apple and how Steve Jobs made the right decision
Why you should give people FEWER reasons to back up a proposal
Why “super forecasters” will never let a bias persuade them
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show467

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466: Buying “Lottery Ticket” Investment Properties with Alan Corey May 06, 2021

Show notes

Alan Corey has had an interesting career to say the least. He’s been an IT worker, a comedian, an author, a real estate investor, and even a reality TV star. Alan has always been fascinated with making passive income in a frugal, but very intelligent way. He’s so frugal in fact, that he made up a crazy story to be on the Jerry Springer show, just to get a free trip to Chicago out of it. Talk about being committed!

Alan’s real estate story starts off with buying a 1 bedroom apartment in Brooklyn, New York, hanging up a curtain in the living room, and house hacking. He then repeated this strategy over and over again, becoming a millionaire before 30 years old, with a lot of property and “good debt”. Alan is part of the FIRE (financial independence retire early) community, but instead of investing mainly in stocks, he does so in real estate.

His strategy is simple: buy a rental property for every bill you have, then start inventing “fun bills” as excuses to buy more rental property. Whether you’re looking to pay off your phone bill every month, or finance your brand new Tesla, this strategy will work for you. Alan also “hides money from himself” so he can be better off in the future. Right now he’s sitting on around $8,000,000 of real estate solely from his own investments.

His new book House FIRE teaches you everything you need to know about retiring early with real estate!

In This Episode We Cover:

Chasing financial independence and early retirement with real estate
Taking on “good debt” so you can grow you real estate portfolio faster
Thinking of each property you buy as a “lottery ticket”
Alan’s books: A Million Bucks By 30 and House FIRE
The danger of high-interest consumer debt (like credit card debt)
Seller financing and zero cash-flow triple net leases
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show466

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465: How Ryan Serhant Uses "Big Money Energy" To Make Millions May 02, 2021

Show notes

If you don’t feel amped up to accomplish your goals, you definitely will after this episode. Today we talk to real estate agent, entrepreneur, author, and Million Dollar Listing New York star, Ryan Serhant. You’ve probably seen Ryan selling ridiculously nice (and expensive) homes on TV, but today you’ll be the private audience to hear his backstory, his work ethic, and how he developed his big confidence.

Ryan moved to New York to become the next big star in theatre, but after seeing the financial position of those “successful” actors he looked up to, he made a pivot. Ryan got his real estate license and started listing apartments to pay his bills, but was given a golden opportunity when an foreign buyer specifically chose him to find her next multi-million dollar home in New York City. Ryan still remembers the lack of confidence he felt when he got the listing, and knew the only thing to do was educate himself and practice his pitch. Long story short, he helped the buyer find her dream home, and the rest is history.

You’ll hear Ryan talk about the importance of confidence, not only in this podcast, but in his new book Big Money Energy. Brandon and David both agree with Ryan on how important, and often undervalued, having confidence is. Not just confidence in your work, but confidence that you’ll be able to accomplish the most challenging tasks you set for yourself!

In This Episode We Cover:

Selling the most expensive home in Florida
Using the pandemic to springboard a new career or venture
Taking on a task, developing the confidence, and succeeding
Leaning to own the things that make you different from everyone else
Stop focusing on the deals and start focusing on “the work”
Many, many multi-million dollar deal stories
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show465

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464: Scammed, Cheated, But Still Coming Out with 50 units with Welby Accely Apr 29, 2021

Show notes

Many, many people give up on real estate after just one bad deal, one bad tenant, or one bad flip. But what if you lost all you had from real estate deals, would you still be willing to bet on real estate? What if you lost it all twice? Welby Accely, has been in that position. He lost all he had, two separate times through dicey real estate deals. He never did give up on real estate, and now he’s sitting on 50 rentals and over 70 completed flips.

Welby grew up in Brooklyn, and knew that his godfather was doing well in real estate, so when he got older, he decided to give it a shot. He invested in a multifamily deal in Atlanta, overleveraged himself, and had it foreclosed on him. A few years later, he had another Atlanta property taken from home. Welby was wiped out. He got scammed, lied to, and dove in too deep a couple times.

After these tough experiences, he knew he had to do whatever he could to make sure his due diligence was top notch. He was later told about Connecticut, and decided to take some serious time exploring the market, building relationships, and networking. Then, he started flipping. 1 house a year, 2 houses a year, then 15 houses a year, and now 20 houses a year.

Now, Welby takes young and aspiring real estate investors on “ride alongs” so they can see exactly what it’s like to be a real estate investor!

In This Episode We Cover:

How crucial it is to understand your market before you invest
Never trusting a new partnership without proof of concept and contracts
Pulling yourself back up after losing tens of thousands of dollars
Putting in offers everyday so you can secure a deal
Hard money loans vs. using your own capital
Helping build other’s businesses so they stay loyal to yours
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show464

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463: How to Get Your First or Next Property (Step-by-Step) in 90 Days Apr 25, 2021

Show notes

We often have famous guests come on the BiggerPockets podcast and talk about their deals, their businesses, and their journey. Today you’ll hear from one of the biggest real estate celebrities, Brandon Turner, as he goes through the 90-day challenge, preparing you to buy your first (or next) real estate deal in the next 90 days.

You’ll hear Brandon’s story on why he went into real estate, how he grew his portfolio, and the exact steps he took to reach financial freedom and grow his portfolio to over 1,000 units! We’ll go through developing a real estate strategy, picking a niche, finding your “why”, finding a deal, marketing, financing, and calculating a real deal live on the (pre-recorded) webinar!

This is the hand-down best place to start as a newbie investor or an investor who just wants to grab some more deals in the next 90 days. These actionable steps have helped hundreds of investors across the BiggerPockets forums, and can help make you a successful real estate investor sooner!

In This Episode We Cover:

Discovering your “why” behind investing, real estate, financial freedom
How to find deals even in competitive markets
Going over a live deal using the BiggerPockets rental property calculator
How to find your “home run number” that makes a deal great
Using the L.A.P.S funnel to never run out of deals
Financing and funding your first property (even with no or low money down)
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show463

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462: The 5 Fundamentals That Lead to $35M of Real Estate in 1 Year with Terrance Doyle Apr 22, 2021

Show notes

Some would call Terrance Doyle a “baller”. Not because he’s done hundreds of millions of dollars in real estate transactions, or because he has done over 600 flips, or because he helps lead the Tribe of Multifamily Mentors. Terrance played college basketball, which grew into working as an NBA sports agent, garnering him access to famous coaches, players, and executives.

Terrance and a couple of his college teammates started a franchise after college, and needed somewhere to park cash. Another teammate helped Terrance buy a foreclosure at a public trustee sale, which he flipped for a sizable profit. This is when he knew that the real money was made in real estate. Between 2008 and 2014, Terrance did over 600 flips, in multiple different areas of the country.

As he learnt to build relationships and rapport with buyers, sellers, lenders, and contractors, Terrance started taking on bigger and better deals. He’s done $35,000,000 in transactions since the start of the pandemic and relies on the five basic fundamentals of real estate: know your market, be aggressive, be faster than the competition, have solid lenders, and make sure your ducks are in a row.

In This Episode We Cover:

The 5 fundamentals of successful real estate investing
Going from NBA agent to full-time real estate professional
Finding your competitive edge and knowing where you can add value
How to invest in a very expensive market (like Denver!)
Cap rates, NOI, cash on cash return, and other important metrics
How to run your organization more efficiently, so you can do more
And SO much more!

Links from the Show

Check the fulls how notes here: http://biggerpockets.com/show462

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461: Defeating the "Enemy of Success" with Steven Pressfield (The War of Art) Apr 18, 2021

Show notes

It’s daunting to wake up every day and try your best at whatever it is that you do. Maybe it’s your job, maybe it’s real estate, maybe it’s writing a book. When you sit down at your desk, there’s that little voice that says “get another cup of coffee” or “just take a little email break before you start” or “you’re not going to get anything done, who are you kidding?”

This is the voice of resistance, and to author Steven Pressfield, it’s a voice that needs to be silenced and controlled at all costs. Steven should know, he wrote the book on fighting resistance, The War of Art, where he talks about how to keep up inspiration, even when there isn’t any to be found. As Steven puts it “an amateur does things when they feel like it, a professional doesn’t care how they feel, they just do it.”

This is something many real estate investors struggle with. We want to buy another property, but we get stuck in analysis paralysis, or scared off by some new type of financing, or don’t want to take on another rehab. Professionals don’t let their environment (or their own mind) tell them what they should and shouldn’t do. Professionals do what has to be done.

We also talk with Steven about his latest book A Man At Arms and why the ancient world of nobility and strength intrigued him so much. If you’ve seen any of Steven’s films, read any of Steven’s books, or just want to push through to success, you’ll love his take on writing, success, and failure.

In This Episode We Cover: