BiggerPockets Real Estate Podcast &#8211; BiggerPockets

David’s YouTube Channel

Ask David Your Real Estate Investing Question

How to Use a HELOC to Buy Real Estate

How to Embrace the Uncertainty of Change & Make Your First Deal

Cash Flow vs. Appreciation—What Experienced Investors Know That You Don’t

Work with The One Brokerage For Your Next Mortgage

Books Mentioned in the Show:

Long-Distance Real Estate Investing by David Greene

Connect with David:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-612

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611: Using a "Miserable" Job to Fuel a Fast-Growing Flipping Portfolio May 19, 2022

House flippingis a very potent form of investing. After just one fix and flip, many investors find themselves hooked, leaving their stable jobs for the profit (and rush) or finishing another flip. This happened quickly to Jason Pritchard, flipper and rental property investor in central California. Jason was working at a sales job he hated and after watching one of the many famous HGTV flipping shows, thought, “Hey, I could do that!”

He gave it a try, using his life savings and retirement funds available to him. It was a success, so he decided to scale up. One flip grew to a few, and now, Jason's team does over seventy-five flips and wholesale deals per year! This incredible volume didn’t happen overnight—it took Jason seven years to go from W2 worker to one of the best flippers in the state! And it’s not just flipping Jason is after. He’s been able to grow a massive rental property portfolio, some eighty-three units, at the same time!

You’re probably wondering how Jason did this so fast. Worry not, as he details every step from how he finds leads, builds a team, pays the taxman, and even compensates employees. If you’re trying to get your foot into the flipping door, Jason’s story should inspire you to do almost exactly what he did.

In This Episode We Cover

Using the skills from your job and translating them to make real estate riches

Building a business and the most important step most flippers/wholesalers skip

Funding your flips and why paying taxes might be a good thing when it comes to financing

How to find employees that will grow with your business, even if you feel like you “can’t” hire just yet

Private money lenders and using them to scale your business even bigger

And So Much More!

Links from the Show

Invest in David and Rob’s Next Property

David’s YouTube Channel

How to Flip a House & Make a Profit

How to Build a Highly Effective Real Estate Team

How I Find Private Money Lenders to 100% Fund My Deals

Books Mentioned in the Show:

The Go-Giverby Bob BUrg

Think and Grow Rich by Napoleon Hill

Connect with David:

Rob's BiggerPockets Profile

Connect with Rob:

Connect with Jason:

Jason's Instagram

Jason's Facebook

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-611

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

610: Live Takes: The 5,000 Mile Away BRRRR (REALLY Long-Distance Investing) May 17, 2022

Building a house vs. buying a house—which makes more sense for today’s investor? With home prices rising faster than many of us have ever seen before, more and more real estate investors are asking whether or not building their rentals is a smarter idea. And who can blame them? Building a rental property can seem like a great way to minimize acquisition costs, but this is only true in certain circumstances, which many investors just won’t fit into.

Welcome to Live Takes where Henry Washington, investor and On The Marketguest host, joins David Greene for a live real estate Q&A. David and Henry invite four investors onto the show today to talk about each of their passive income predicaments. These topics include buying vs. building a home, how to get out of a bad BRRRR, whether or not it’s too late in life to invest in real estate, and how to invest out-of-country.

Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene or Live Takes. 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

Buying vs. building rental properties and which decision makes sense for which investor

What to do when you go over budget on a rehab, flip, or BRRRR investment

How to invest and scale a real estate portfolio when getting started later in life

Whether to invest long-distance or stick it out in your local market

Mitigating riskand keeping your cash flow rolling when stuck in a bad deal

How to finance land purchases and using a backwards BRRRR method to do so

And So Much More!

Links from the Show

5 Ways to Avoid Going Over Your Flipping Budget

Is it Better to Build New or Renovate Existing Homes as an Investor?

David Greene | BiggerPockets

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-610

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

609: Seeing Greene: Gift Funds, Crash Indicators, and Problems with Partnerships May 15, 2022

Why can’t I use gift funds on my down payment? What are the common housing market crash indicators that real estate investors should look out for? And why does David only invest with the short-term rental king, Rob Abasolo? If you’re joining us today for this episode of Seeing Greene, you’ll hear answers to all these questions and more!

David takes some time out of his day to sit down and answer arguably the most hard-hitting, specific questions we’ve had to date on an episode of Seeing Greene. These questions include how to find synergy between your career and your investing goals, how to not cross the line when working with multiple agents, the best ways to purchase real estate with no (or low) money down, and why David rarely partners up on real estate deals.

Some of these questions may hit home for you, as most of today’s guests are either rookie real estate investors or young professionals looking to get their start in investing.

Do you have a question you’d love to ask David? 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 jump on a live Q&A and get your question answered on the spot!

In This Episode We Cover

How to "explode" as a real estate investor working full-time in a related field

Working with multiple agents in a market without crossing the client-exclusivity line

Purchasing small multifamily deals with no and low money down

How to get around the “gift funds” rule for rental property mortgages

The telltale signs that lenders are seeing a housing crash on the horizon

The problem with real estate partnerships and how to prepare to be in one

And So Much More!

Links from the Show

Work with David as a Loan Officer

Real Estate Rookie Podcast 73: Partnerships—What to Do Before You Jump in With Another Investor

Get Your Ticket for BPCon 2022

Books Mentioned in the Show:

The Book On Investing in Real Estate with No (and Low) Money Down by Brandon Turner

SOLD: Every Real Estate Agent’s Guide to Building a Profitable Business by David Greene

The Millionaire Real Estate Agent by Gary Keller with Dave Jenks and Papasan

Connect with David:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-609

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

608: The “Golden Trio” Every Real Estate Investor MUST Have to Truly Profit First May 12, 2022

The Profit First system was revolutionary when introduced by Mike Michalowicz. In simple terms, Profit First allowed small business owners to take home bigger paychecks, reinvest in their business, and scale with ease, oftentimes while doing even less. The age-old adage of “do more work, make more money” was turned on its head by simple accounting practices. In reality, the business owners who were doing the most work were making the least, while business owners who truly knew their numbers worked less, made more, and had more money to invest.

After reading Profit First, David Richter knew that this same system could be applied to real estate investing. David grew a rental portfolio himself by learning from a local mentor. This mentor had a growing team, a scaling business, but was making less and less with every deal done. As David investigated more real estate investors’ businesses, he found that this wasn’t an isolated case. Most investors were making low wages, working far more than at the jobs they had quit, and had inflated businesses, to say the least.

With some simple accounting practices, which David describes in this episode, real estate investors can turn their business into Profit First powerhouses using very simple steps. If you’ve been feeling burnout from a barrage of deals, but aren’t seeing the profit you’ve worked so hard for, you’ll want to pick up David’s new book, Profit First for Real Estate Investing!

In This Episode We Cover

The Profit First formula and why most real estate investors calculate profit all wrong

The biggest mistake that real estate rookies make when starting their businesses

Why more deals doesn’t automatically equal more money in real estate

The rockstar team member that can make or break your business

The “golden trio” of accounts that every investor should have set up

Redefining the “pay yourself first” method of making money

And So Much More!

Links from the Show

Invest in David and Rob’s Next Property

David’s YouTube Channel

David’s Free Giveaway for BiggerPockets Listeners

Our Interview with “Profit First” Author, Mike Michalowicz

Books Mentioned in the Show:

Profit First for Real Estate Investing by David Richter

Lifeonaire by Steve Cook

Rich Dad Poor Dad by Robert Kiyosaki

Profit First by Mike Michalowicz

The Road Less Stupid by Keith J. Cunningham

The Book on Rental Property Investing by Brandon Turner

The Book on Managing Rental Properties by Brandon Turner

Connect with David:

Rob’s BiggerPockets Profile

Connect with Rob:

Connect with David Richter:

Simple CFO Solutions

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-608

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

607: Multifamily Q&A: How to Start, Scale, and Succeed in Apartment Investing May 10, 2022

Is multifamily real estate investing as complicated as investors make it out to be? If you’re Andrew Cushman of Vantage Point Acquisitions, you’d probably argue that although multifamily has a bit more complexity than single-family rentals, it’s still, by all means, profitable for the everyday investor.

In the early 2000s, Andrew didn’t know anything about pro formas, apartment underwriting, or the best type of mulch to use on large-scale landscaping. Now, more than a decade later, Andrew has been able to lead his team in acquiring, syndicating, and repositioning over 2,500 multifamily units. He’s here with David Greene to answer live questions surrounding anything and everything related to multifamily investing. He gives stellar takes on the current state of the market, how rising interest rates will affect multifamily investing over the next few years, and the best way to increase your ROI (return on investment) on a multifamily acquisition.

You don’t need to be a large-scale apartment investor to take away some golden nuggets from this episode. Even if you’ve never thought of investing in multifamily, Andrew frames multifamily in a way that’ll have you wondering, “could I buy that apartment down the street?”

In This Episode We Cover

The five most important factors to understand when looking at a multifamily deal

Multifamily debt and equity, plus how they dramatically differ from single family rentals

How to use pro forma calculations when underwriting a deal and protecting yourself from overinflated profit numbers

Whether or not today’s rising interest rates will cause a sell-off of multifamily properties

The easiest improvements that will dramatically boost your ROI on a multifamily property

What rookie investors get wrong about finding good deals in today’s market

And So Much More!

Links from the Show

The 3 Cs to Achieving Success as an Investor

BiggerPockets Podcast 170: The Journey From Flipping Houses To Owning 1470 Units

BiggerPockets Podcast 279: How to Find Overlooked Opportunities in a Hot Market

BiggerPockets Podcast 586: The 8 Steps That Will Stop You From Getting Burnt on Multifamily Deals

BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Deal

Book Mentioned in the Show:

Raising Private Capital by Matt Faircloth

Connect with David:

Andrew’s BiggerPockets Profile

Connect with Andrew:

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-607

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

606: Seeing Greene: The “Base Hit” Rental Properties That Will Make You Rich May 08, 2022

If you’re looking to buy rental properties, build a real estate portfolio, and level up your wealth?—you’re in the right place. But, as the housing market stays red hot, it can be a struggle for both new and old investors to know where to look for their next cash flow or appreciation play. Do you stick with on-market properties that may be easier to come by but with serious competition, or do you go the off-market property route and look for distressed, yet overlooked properties.

Get answers to this question (and many more) on this episode of Seeing Greene, with your host, David Greene. As always, David takes questions from you, the listeners, to answer some 2022-specific and age-old questions about rental property investing and real estate as a whole. Topics of today’s show include classics like buying new construction vs. an existing rental property, how to invest within your retirement accounts, on-market deals vs. off-market deals, and why certain properties stay on the MLS for so long.

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:

Buying for appreciation vs. cash flow in today’s fiercely competitive housing market

How to invest in real estate even if you’re well into retirement

The three main reasons that a property will sit on the MLS for months

When to quit your job and go full-time into real estate investing (and how to set yourself up for a successful departure)

The 1031 exchange and how it works to defer taxes for rental property investors

Using built-up equity to invest in more cash flow and higher appreciation

And So Much More!

Links from the Show

BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks

BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors

Seeing Greene: Questions from BiggerPockets’ Best and Brightest (Episode 600!)

Seeing Greene: Should You Pay Off Debt or Invest in Real Estate?

Seeing Greene: FHA Loans, Cash Flow Shrinkage, & Bidding $200k Over Asking

10 Actionable Steps Anyone Can Follow to Buy a Rental Property

81 Units in 3 Years: All On-Market with NO Bank Loans w/Cody Davis

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-606

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

605: More Problems, More Money & Why Investors Should Search for Fresh Headaches May 05, 2022

How many rental units do you want? Depending on who you ask, the number of rental properties can differ dramatically. A young investor may be looking to scale their portfolio quickly, eyeing ten, fifteen, or even one-hundred units. But, for a veteran real estate investor, who may already have a three or four-figure portfolio, the optimal rental unit count could be none at all—they may purely want passive income.

Christian Osgood knows this all too well, and it’s how he’s grown a seventy-one-unit portfolio in such a short amount of time. As half of a dynamic investing duo, Christian and his partner Cody Davis know that the first place to look for a deal is within someone’s goals. Unlike most off-market deal hunters, Christian and Cody don’t blatantly ask a seller if they’re willing to part ways with their property. They do something much different and a bit unorthodox.

Christian and Cody have grown a massive multifamily portfolio in an impressive amount of time. Christian walks through the reasons why this partnership works, how they divvy up their roles, and why new investors should learn to love new problems, not cower in fear over potential pit-stops on their wealth-building journey.

In This Episode We Cover

The “fish hauling and shipbuilding” of a perfect real estate partnership

Why entrepreneurs and investors alike should search out new problems to solve

Financing large deals using OPM (other people’s money) and raising capital the right way

How to find any off-market property owner simply by using Google Maps

The biggest mistake you can make when raising money from private investors

Relationship marketing and how it can open you up to phenomenal real estate deals

And So Much More!

Links from the show

Investment with David Greene

Rental Property Investing

The 10X Rule

Connect with Christian:

Cody and Christian's YouTube Channel

The Multifamily Strategy

Christian's Instagram

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-605

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

604: BiggerNews May: What the Media Isn't Telling You About a “Housing Crash” May 03, 2022

It’s a housing market crash! It’s a housing market bubble! It’s a relatively normal and stable housing market! Two of these statements might make you excited, anxious, or hopeful, while one simply makes you yawn. For years, we’ve heard numerous news outlets, forecasters, and housing authorities tell us that the next housing crash is right around the corner, only for home prices to skyrocket, interest rates to rise, and demand to stay red-hot.

If you want to know if a housing market crash is coming, Rick Sharga, Executive Vice President at ATTOM, a leading provider of nationwide property data, is the person to talk to. His entire job is based on finding and figuring out the data behind housing market movements, which he then presents to field leaders who are trying to make better buying, selling, and lending decisions.

Rick is an industry vet and was around during the mid-2000s housing market crash, the great recession, the foreclosure crisis, and everything that followed. Rick has seen the runup in housing prices over the past two years and has some interesting theories as to where we’re headed next. Whether you think we’re in for smooth sailing or on the cusp of another crash, Rick’s predictions may surprise you.

In This Episode We Cover:

Why competition has recently fallen and whether or not this is permanent for the housing market

The difference between 2022’s housing market and the 2007/2008 housing market

Whether or not raising interest rates has affected hot housing markets

If we’re entering bubble territory and how to tell the real estate market is going south

Which real estate markets are primed for a correction in 2023 (and beyond)

How to get ahead of the foreclosure auctions in a “high equity” housing market

And So Much More!

Links from the show

ATTOM Data Solutions

On The Market Podcast

Federal Housing Administration (FHA)

Dave Meyer's Instagram @thedatadeli

BiggerPockets Youtube

David Greene's Instagram @davidgreene24

David Greene Real Estate (Youtube)

Rick's LinkedIn

Rick's Twitter @ricksharga

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-603

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

603: Seeing Greene: Hold or Sell, Maxing Out on Mortgages, and Investor FOMO May 01, 2022

The ROI (return on investment) of a rental property is arguably one of the most calculated metrics when deciding whether or not to invest. Even veteran landlords tend to look at ROI as the sole metric that decides whether or not something is a “deal”. But, in the 2022 housing market, more and more landlords are seeing a massive boost in equity, and new investors are finding cash flow harder and harder to find. Has ROI kept its relevance?

Welcome back to another episode of Seeing Greene, where expert investor, agent, author, and real estate investor, David Greene, takes time to answer the BiggerPockets community’s most top-of-mind questions. In this episode, we touch on topics such as how to scale your portfolio on limited funds, whether or not to invest in tenant-friendly states, long-distance house hacking, and the foolproof way to decide whether to hold or sell in 2022.

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 three ways any real estate investor can scale their portfolio

Investing in a market facing depopulation and how to research a rental market

Critiquing the “only cash flow” argument and what other important metric to pay attention to

Holding vs. selling your rental properties in 2022 (and how to decide which path to choose)

DSCR loans and how to get around the residential mortgage maximum

Investor FOMO and whether or not to buy or wait in today’s hot housing market

And So Much More!

Links from the Show

BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks

The U.S. Census Bureau

CNN Money

Yahoo Finance

BiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with Rentals

BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors

Seeing Greene: Questions from BiggerPockets’ Best and Brightest (Episode 600!)

Seeing Greene: Should You Pay Off Debt or Invest in Real Estate?

Seeing Greene: FHA Loans, Cash Flow Shrinkage, & Bidding $200k Over Asking

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-603

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

602: Why The “Right Way” to Buy Rentals is Wrong Apr 28, 2022

If you want to invest in real estate, you’re probably taking a safe, slow approach to building a rental property portfolio. As a real estate rookie, people tell you that the safest way to invest is to get good at one thing while keeping a distance from doing deals outside your comfort zone. While this type of advice isn’t wrong for everyone, it may miss the mark for some.

Investors like Marjorie Patton have found ways to dramatically diversify themselves in the world of real estate, without their losing shirts. Marjorie is the head of sales for a financial technology firm by day and a real estate investor, house hacker, flipper, and private money lender by night. With some rather unexpected renovation costs on her first property (and with no safety reserve), Marjorie was forced to learn real estate investing on the fly.

Fast forward to today, Marjorie has a seven-door portfolio in the expensive Denver, Colorado area. She’s grown quickly and has seen healthy profits, but has no need to quit her W2. Instead, she’s going to creatively parlay any deal that comes across her desk so she can build wealth while continuing to work somewhere she loves.

In This Episode We Cover:

Why diversifying in real estate isn’t such a bad idea, plus how to prepare to do different deals

Using the concepts you know in everyday life to build a real estate portfolio

The benefits of being “scared” when doing deals and building confidence through mistakes

When the right time to quit your W2 is and why you don’t have to succumb to the “financial freedom” pressures

Flipping homes, lending private money, and investing in deals with partners

House hacking an expensive property while keeping your cost of living low

And So Much More!

Links from the Show:

BiggerPockets On The Market Podcast

BiggerPockets Podcast #467: #1 NYT Bestselling Author Adam Grant on the Need to “Think Again”

Ebay

Mike Tyson's Official Website

Steve Jobs' Wikipedia Page

Steve Wozniak's Wikipedia Page

Malcolm Gladwell's Official Website

Warby Parker Website

Rocky Mountain Women Invest Meetup

Mark Ferguson's Wikipedia Page

HBO’s Billions

Rob’s TikTok Profile

Rob’s Instagram

Rob’s Youtube Channel

Rob's Twitter

Denver Women Investor Meetup Instagram

David’s Tiktok Profile

David's Business Website

Connect with Marjorie:

Marjorie's Instagram

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-602

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

601: Why Hitting Your “Goals” Isn’t Enough & Where 95% of Investors Unknowingly Fail Apr 26, 2022

What makes a millionaire mindset? Everyone knows what it takes to become successful: hard work, grit, tenacity, and (usually) some form of intelligence. But with so many people (real estate investors specifically) working hard, day in and day out, why aren’t we seeing a plethora of unbelievably successful individuals? It turns out, the problem isn’t within the system of building wealth, but the individual.

Jason Drees, mindset coach and author of Do the Impossible, has seen numerous individuals come to him confused, doubtful, and wanting to do more. Within a matter of years or even months, these individuals poised on success attain things that would take most people many lifetimes. So what’s the difference between a massively successful investor and a moderately successful one?

In today’s show, Jason breaks down the alchemy behind building a business, a life you love, and massive wealth. He even takes a break to coach David and Rob on their future business plans, uncovering some roadblocks and new paths that they never even knew existed. If you’ve been stuck in analysis paralysis, or simply have a goal to get to fast, this is the episode to not only listen to but take notes and review so you can grow as well.

In This Episode We Cover:

Why 95% of real estate investors aren’t aiming high enough (and how it’s hurting them)

Evolving your mindset after hitting a goal, no matter how small

Hitting unknown goals and looking for accomplishments that excite you

Using your emotion to navigate success and listening to your internal guidance

Walking the path to greatness instead of settling for success

How to “Frame” your goals, plus a live example with David and Rob

And So Much More!

Links from the Show

Biggerpockets Bookstore

Tony Robbins Life Coaching

Tony Robbins's Website

The David Greene Team's TikTok Profile

Rob's TikTok Profile

Connect with Jason:

Jason's Company Website

Jason's Instagram

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-601

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

600: Seeing Greene: Questions from BiggerPockets' Best and Brightest (Episode 600!) Apr 24, 2022

Welcome episode 600 of the BiggerPockets Real Estate Podcast! Whether you’re a first-time listener or a David Greene addict, we’re happy to have you here. In today’s episode of Seeing Greene, David takes questions from some of the biggest names in the real estate investing space, including fan favorites like Ed Mylett, David Osborn, and even…Brandon Turner (he’s back!)

While this show features some high-level investors, the questions still apply to everyday investors. David answers questions ranging from how to find work-life balance, what to do to get your offer accepted in today’s hot market, how to balance skill with ambition, and where to start when hiring employees for your real estate investing business. Even if you’ve yet to buy your first rental property, advice like this could slingshot your wealth-building journey farther than you knew you could go!

Thanks again to all our celebrity guests for sending in their questions! Heard a question that resonated with you? Want to hear David’s thoughts on a certain topic? 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 with the man himself.

In This Episode We Cover:

How to start (and stay) performing at your best so you can accomplish your goals

What the David Greene team is doing to win bidding wars in today’s hot housing market

The best metric to look at when deciding whether or not to buy a property

How to maintain work-life balance when working, running your business, and investing

Tips for hiring employees that can help you build your real estate portfolio

The three biggest leadership tips when running a team (or teams!)

David’s dream Chipotle order and how to ensure your burrito isn’t soggy

And So Much More!

Links from the Show

What Michael Jordan and Kobe Taught Tim Grover about “Winning”

Investing and Landing Great Deals at Auctions with David Osborn and Aaron Amuchastegui

From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn

Gobundance

You Get Your Standards, Not Your Goals: Ed Mylett on Success, Faith, and Building $100M+ Businesses

40 Doors in the First 2 Years with Henry Washington

Turning $5K Into $5K/Month and Retiring at 40 with Tim Rhode

BiggerPockets Podcast 320: Hands-On BRRRR Investing and DIY Secrets with Instagram Star Brittany Arnason

The 7 Tips @investorgirlbritt Used to Go from Amateur to Pro Investor

Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy Papasan

Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan

BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks

BiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with Rentals

BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-600

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

599: The Investing “Cheat Code” of Opportunity Zone Rentals Apr 21, 2022

Opportunity zone investing hasn’t always been around for real estate investors to take advantage of. But as the government began upping the incentives around this type of real estate investing, more tax-savvy investors started to pay attention. You may have heard of opportunity zones before, but you probably don’t know how much of a heavy hitter they are in the realm of tax reduction.

Someone who does know about opportunity zone investing is King Malaki Sims—CPA and avid real estate investor. He’s been buying and building homes in opportunity zones for years and makes the case that this type of investing truly is the best real estate “cheat code” out there. Through his simple strategy, Malaki has been able to not only defer taxes but in some cases, eliminate them entirely, just through simple, smart real estate investing.

Malaki shares how even a novice real estate investor can find, fund, finish, and furnish an opportunity zone rental property all while keeping Uncle Sam away from their hard-earned profits. If you want to build wealth without having to worry about 1031-ing your properties, Malaki is the man to listen to.

In This Episode We Cover:

Opportunity zones explained and how new investors can start investing in them

Where to find opportunity zones in your local area (no matter where you live!)

Funding opportunity zone investments with little to no money down

The biggest opportunity zone myths that scare away investors far too early

Depreciation, bonus depreciation, and tax-deferral strategies you can take advantage of

How crypto, stock, and other investors can invest in real estate tax-free

And So Much More!

Links from the Show:

BiggerPockets Podcast Episode 569: Rich Dad’s CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright

Robert Kiyosaki's Official Website

Donald Trump's Official Website

California Opportunity Zone Website

Cryptocurrency

Rob’s TikTok Profile

Rob’s Instagram

Rob’s Youtube Channel

David’s Tiktok Profile

Connect with King Malaki:

King Malaki's Instagram

King Malaki's Clubhouse

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-599

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

598: How to "Invest on Repeat" with The BRRRR Strategy Apr 19, 2022

The BRRRR method can be taught by no one better than David Greene, author of Buy, Rehab, Rent, Refinance, Repeat, and adorably dubbed “Sir BRRRR” by co-host Rob Abasolo. While David may be a master of BRRRR budgets, schedules, and rehabs, Rob isn’t as familiar with doing full-on buy, rehab, rent, refinance, and repeat rentals. To not only help out Rob but the BiggerPockets audience as a whole, David does a full walkthrough on his latest BRRRR.

This hillside property situated in David’s native San Francisco Bay Area has huge potential to become a cash-flowing, equity-increasing deal. David is turning this large home into multiple smaller units that will rent out to A-class tenants and should net him a six-figure equity boost simply by doing these cash-flow-first renovations.

David walks through exactly how to find BRRRR properties, telltale signs of a good (or bad) BRRRR deal, how to use the BiggerPockets BRRRR calculator, funding options for your BRRRR (from David's broker!), writing up a contractor scope of work (SOW), and how to build cash flow when there isn’t any to be found. You’ll also hear how David had a surprise run-in with the cops when walking this property. Action, excitement, and lots of equity are all coming up in this episode!

In This Episode We Cover:

The first signs that a property may be a great BRRRR deal

Using the BiggerPockets BRRRR calculator to evaluate deals and raise private capital

Financing options you have when funding (and rehabbing) a BRRRR

Contractor bids and BRRRR budgets (even if you don’t have rehab experience)

Before photos and David’s exact conversion plan to turn a single property into a cash-flowing multifamily

The huge wealth-building benefits of getting creative when finding value-add real estate

And So Much More!

Links from the Show

Biggerpockets.com Pro Upgrade Code: REPOD21

BiggerPockets Conference and Events

Rentometer

The 1 Brokerage

Building Your “Passive Income Blueprint” Using the Right Real Estate Agent w/ Johnny Hoang

Books Mentioned in the Show:

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

The Book on Estimating Rehab Costs by J Scott

Connect with Rob:

Rob's TikTok Profile

Connect with David:

David's Tiktok Profile

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-598

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

597: Seeing Greene: Should You Pay Off Debt or Invest in Real Estate? Apr 17, 2022

Should you pay off debt or invest in real estate? Whether you’re young or old, rich or poor, in consumer debt or student debt, this is a question that almost everyone has. With inflation hitting decade-long heights, debt seems to be worth less and less every day. But, the other side to this coin is that asset prices, including real estate, are going up. Is there a right move to make, or are we stuck treading water without enough financial traction to stick to?

Hear answers to this question (and many more) on this week’s Seeing Greene, with your favorite host, agent, investor, and mortgage magician, David Greene. In this episode, you’ll hear topics touched on like whether to house hack or buy cash-flowing rentals, what to expect (and not expect) from your real estate agent, how to reduce (and account for) property taxes, how inflation and interest rates will affect the housing market and the best piece of advice David would give new real estate investors.

Heard a question that resonated with you? Want to hear David’s thoughts on a certain topic? 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 real-time answers!

In This Episode We Cover:

How inflation can positively affect your debt payoff and using your momentum to buy real estate

House hacking in expensive areas vs. buying short-term rentals that cash flow

How David’s real estate team sets up clients and investors for success

Finding the right property manager that will handle your portfolio’s headaches

Whether buying new construction or an existing home has better long-term ROI

How to claim rental income (including house hack income) so you can increase your financeability

And So Much More!

Links from the Show

BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties

BiggerPockets Podcast 570: Seeing Greene: Signs of a Great Agent, When to Refi, and How to Scale

BiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking

BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks

BiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with Rentals

BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-597

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

596: The 3 Ways to Find Profitable Properties that Big Investors Won’t Touch w/Amanda Cruise Apr 14, 2022

Mobile home park investing wasn’t very attractive until a few years ago. Thanks to big names in the mobile home park space (like BiggerPockets’ own Brandon Turner), the mobile home investing game has become one of the hottest commodities in the world of real estate investing. But it must take a huge jump to go from investing in single-family rentals to double-digit-unit parks, right?

Today’s guest, Amanda Cruise, is here to tell you that bigger doesn’t always mean more challenging. She actually got out of single-family rental investing due to the non-stop headaches of dealing with contractors, property managers, and tenant maintenance problems. She started doing “Lonnie Deals” where she would seller-finance mobile homes to local buyers. Soon, after enough success, she moved on to tackling entire mobile home parks!

But how did Amanda beat out the competition when the mobile home park space is so hot? Thankfully, Amanda shares her three top tips on getting around institutional investors so you can purchase cash-flowing mobile home parks, without the headaches of syndicating or raising vast amounts of capital.

In This Episode We Cover:

“Lonnie Deals” and seller financing mobile homes for profit

Why changing title on a mobile home is far easier than on a traditional home

Finding motivated sellers and how to slide under the radar of institutional investors

Scaling your team and the “must-have” roles when buying mobile home parks

The not-so-secret way to get a list of mobile home park owners in your area

The true “value-add” opportunities to look for in a mobile home park

And So Much More!

Links from the Show:

Sarah Weaver's Website

David Greene's Real Estate YouTube Channel

Rob's TikTok Profile

BiggerPockets Podcast 563: W2 Retired and Traveling the World with Just 15 Units w/Sarah Weaver

Robuilt YouTube Channel: Why I’m buying a $3,250,000 Airbnb in Arizona

Mobile Home Park Investing Course by Amanda Cruise

Connect with Amanda:

Freebies from Amanda's Company Website

Amanda's Instagram

Check the full show notes here: https://biggerpockets.com/blog/real-estate-596

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

595: How to “Layer” Legal Protection So Lawsuits Won’t Touch Your Wealth w/Brian T. Bradley, Esq. Apr 12, 2022

Most investors assume LLCs for rental properties are the way to go in terms of asset protection. From a novice’s point of view, LLCs seem to provide everything you would need?—anonymity, simple tax filing statuses, and legal protection. But, an LLC in reality isn’t as airtight as most real estate investors think. And the worst time to learn about the limitations of an LLC is during a lawsuit, where your wealth (and sanity) is at risk.

To stop you from guessing when it comes to asset protection, we’ve brought on our go-to expert and heavy hitter asset protection lawyer, Brian T. Bradley, Esq. Not only is Brian well versed in the realm of asset protection, but he’s also helped numerous clients protect their real estate wealth, making him the perfect person to ask about LLCs, limited partnerships, trusts, and more.

Brian walks through the different types of legal “layering” that real estate investors can set up to protect themselves from lawsuits and angry creditors. He defines exactly how each type of real estate investor should set up their assets as their net worth expands, and what to do BEFORE you get served with a lawsuit. While Brian may not know your personal situation, he does speak with years of experience serving high-net-worth investor clients and can relay their mistakes (so you don’t make them too).

In This Episode We Cover:

What is asset protection and why is it crucial for real estate investors in particular

The “layers” of legal protection that real estate investors must have

What an LLC really protects you from and why it may be different than what you think

“Piercing the veil” and why most investors need to go a step beyond LLCs

Limited partnerships and trusts that give you the best asset protection

Financing hiccups when keeping your rental properties in trusts

And So Much More!

Links from the Show

Biggerpockets Agent Finder

On the Market Podcast

Biggerpockets Blogs

Rookie Podcast 106: Asset Protection for Rookies: 7 Wealth-Saving Answers from an Expert

David's Tiktok Profile

Connect with Brian:

Brian's Company Website

Email Brian: brian@btblegal.com

Check the full show notes here: https://biggerpockets.com/blog/real-estate-595

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

594: BiggerPockets Podcast 594: Seeing Greene: FHA Loans, Cash Flow Shrinkage, & Bidding $200k Over Asking Apr 10, 2022

Inflation and cash flow have been fighting against each other for decades. As soon as you increase the rent on an income property, inflation comes right in to eat some of that gain. So in today’s borderline hyperinflationary environment, is cash flow still coming out on top? A better question to ask may be, what happens in five, ten, or twenty years? Will inflation completely erode your financial freedom dreams? Or will cash flow match (or beat) this destructive force.

This isn’t just a question that impacts real estate investors—it affects almost every individual working within today’s economy. In today’s episode of Seeing Greene, David goes deep into this question (and others) so you, the investors, can have a better understanding of our economy as a whole. You’ll also hear topics like whether or not you can transfer title on an FHA loan, what to do when bidding wars push prices well above market comparables, when to cosign and when to ask for a cosigner, and what every investor in their twenties should start doing today.

Heard a topic that you wanted more explanation on? Want to ask David a question you’ve never heard before? 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:

How spending power changes the way investors calculate cash flow

Transferring title from your personal name into an LLC with an FHA loan

How to know a house is “worth it” and what to look for in a loan officer

Cosigning for a relative to house hack and staying up-to-code with owner-occupied loans

Pivoting markets from a cash flow market to an appreciation market

David’s advice to every young, aspiring real estate investor

And So Much More!

Links from the Show

BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties

BiggerPockets Podcast 570: Seeing Greene: Signs of a Great Agent, When to Refi, and How to Scale

BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Sea

BiggerPockets Podcast 577: Cutting Your Tax Bill, Investing in Different Markets, & “Investor Pressure” | Coaching Calls

BiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking

BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks

BiggerPockets Podcast 588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with Rentals

BiggerPockets Podcast 591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors

Coming Soon: BiggerPockets's On The Market Podcast

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-594

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

593: The Ethical Wholesaler: Putting People Before Property Profits w/Jamil Damji Apr 07, 2022

The words “ethical” and “wholesaling” are rarely used in the same sentence. For the most part, many real estate investors and agents look at wholesalers as deceptive, hard to read, and for the most part just looking to make a quick buck. While this may be true for many new wholesalers, it's far from the truth for Jamil Damji. If anything, Jamil wants to put an end to inexperienced, and often financially dangerous wholesaling.

You could say Jamil was made to be a wholesaler. He had hustle, cold calling skills, and the will to succeed after being rejected from medical school simply due to his age. He set up a website-building business and got the hang of cold-calling quite quickly. After overhearing a discussion about a real estate deal between his partner and his partner’s father, Jamil decided to take his sales skills and turn them into something a bit more profitable. He made a phone call to a local property owner, secured a deal for his partner, and walked away with a $47,000 assignment fee.

Now, Jamil runs one of the most respected wholesaling companies in the United States. He’s set up an “everyone wins” style of wholesaling where sellers, buyers, and intermediaries in between all get paid fair prices while incentivizing each party to do what’s best for the other. This is a brand new concept in the field of wholesaling and one that Jamil wants to see flourish throughout the industry. If you want to learn how Jamil and his team do sixty to eighty deals a month, all while building a loyal customer base, this is the place to be.

In This Episode We Cover:

How wholesaling works and why so many new investors start with it

The best types of listings to call to find motivated sellers plus where to build your buyers list

Why illegalizing (or at least licensing) wholesaling would be favorable for the industry

How wholesalers can work with agents to build each other’s businesses faster

The biggest mistake wholesalers make when trying to assign contracts to buyers

Building a “win-win” system so everyone in the transaction becomes a repeat customer

And So Much More!

Links from the Show:

Triple Digit Flip Show

Robert Abasolo's Instagram

Robert Abasolo's TikTok

David Greene Real Estate Youtube Channel

KeyGlee

Funny or Die

Upright Citizens Brigade

D.R Horton Company Website

Saturday Night Live

Connect with Jamil:

Jamil's Instagram

Jamil's YouTube Channel

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-593

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

592: BiggerNews April: How to Counter the Biggest Risk of 2022's Real Estate Cycle w/Doug Lodmell Apr 05, 2022

The way the housing market moves largely depends on the real estate cycle we’re currently in. We all saw this during the 2007 subprime mortgage crisis as overleveraged homeowners saw their properties foreclosed on and later sold to investors who had cash on hand. We’re currently experiencing dramatic demand coupled with low inventory, so are we at the end of the housing market cycle, ready for a recession to knock down this house of cards?

Whether we are or aren’t close to a housing bubble bursting, smart real estate investors are protecting their wealth regardless of what is to come. This is where today’s guest, Doug Lodmell, has gleaming insight. Doug and his team have worked for decades to protect the wealth of real estate investors. This is commonly known as asset protection but can be thought of as simple risk mitigation for the new real estate investor.

Doug has been through expansion, crashes, corrections, recoveries, and everything in between and has seen what a poor asset protection strategy can do to an investor's portfolio. He drops some knowledge on today’s show around how real estate investors in 2022 can protect themselves from going through a repeat of 2008. His simple, yet undeniably valuable advice could save you not only money but years worth of work you’ve put into real estate investing.

In This Episode We Cover:

Quick takes on today’s biggest stories surrounding the housing market

The tools asset protection lawyers use to protect and disguise their clients’ wealth

Whether or not new real estate investors need LLCs when buying properties

The biggest mistakes real estate investors make that cost them their wealth

Leveraging debt to build your portfolio vs. cash hoarding for post-crash opportunities

BiggerPockets’ newest podcast show featuring our own Dave Meyer!

And So Much More!

Links from the Show

On the Market Podcast

Connect with Doug:

Doug's LinkedIn Profile

Doug's Company Website

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-592

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

591: Seeing Greene: The Cash Flow Market “Mirage” That Traps New Investors Apr 03, 2022

Cash flow markets are a hotspot for new real estate investors. Why? They’re inexpensive to get into, show great cash flow (on paper), and allow many investors to map their date of financial freedom. The downside? Cash flow markets are different in real life than they are on paper. What may look like a phenomenal rental property at first glance could turn into a tenant nightmare and cash flow hemorrhaging situation. So who should invest in these types of real estate markets?

Questions just like this (and more) are coming up in this episode of Seeing Greene. As usual, David Greene, your expert on all things real estate, is here to answer quick questions from both rookie and veteran investors. In today’s show, David touches on topics like BRRRRing vs. buying multiple properties, 2022 housing market predictions, how to raise capital for your deals, qualifying for financing without strong income, and why 2022 may be the perfect year to go into debt!

In This Episode We Cover:

The best way to invest spare cash: BRRRRing or buying multiple properties?

How David structures his deals and raises capital using debt and equity

Refinancing out of a seller-financed situation, even if you don’t qualify for conventional loans

Whether to keep, sell, or refinance a property when you have significant equity sitting in it

How to house hack (again) when you’ve already used your one FHA loan

Developing your crystal clear criteria so you can grow your portfolio faster

And So Much More!

Links from the Show

BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions

BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate?

BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties

BiggerPockets Podcast 570: Seeing Greene: Signs of a Great Agent, When to Refi, and How to Scale

BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Dea

BiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking

BiggerPockets Podcast 584: The 5 Steps That Will Bring You More Deals, Friends, and Mentors w/Jonathan Greene

BiggerPockets Podcast 586: The 8 Steps That Will Stop You From Getting Burnt on Multifamily Deals w/Andrew Cushman

BiggerPockets Podcast 587: Full-Time Flipping (Out-of-State!) at 24 by Doing What Most Don’t Know w/Dominique Gunderson

BiggerPockets Podcast 589: 10 Actionable Steps Anyone Can Follow to Buy a Rental Property

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-591

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

590: From Struggling Renter to Cash Flowing Landlord Using $0 Down Loans w/Andre Haynes Mar 31, 2022

No money down real estate investing usually sounds too good to be true. It seems almost impractical that someone without much experience, money, or property can secure cash-flowing rentals without putting a dollar into the deal. Even more astounding, today’s guest Andre Haynes was paid a few thousand dollars to buy his first rental property. He shares his exact steps on how he did it on today’s show!

While investing in real estate with no money down can seem like an advanced concept, Andre wasn’t some cash-flowing wizard from the start. If anything, Andre’s upbringing may have brought some hurdles to the financial side of his life. He had no credit, no cash, was faced with eviction notices, and generally was falling behind financially as a parent. He had to take a hard look at his life, redefine his goals, and reevaluate his choices. From there, it was a hard, yet incredibly valuable, climb upwards.

Now, only a short time later, Andre has built a real estate portfolio worth over a million dollars. He has numerous cash-flowing assets that pay for his liabilities and has started to educate others about how they can do the same. He defines this easily repeatable process on today’s show but doesn’t gloss over the fact that the only thing stopping you from obtaining the wealth you desire, is yourself.

In This Episode We Cover:

How to invest when you come from an upbringing that lacks financial literacy

Giving up on your “dream” so you can pursue something much greater

Andre’s 5-steps to get your life together and how you can start using them today

Practicing delayed gratification and how simple sacrifices pay off big in the long run

The zero down loan program that Andre used to build his real estate portfolio

The importance of becoming a real estate investor before you buy your first property

And So Much More!

Links from the Show:

BiggerPockets Agent Finder

BPCON 2022

NACA (Neighborhood Assistance Corporation of America)

Rich Dad Poor Dad seminar

The Landlord Life YouTube series

Landlord Life Season 3 Episode 2 with Henry Washington

Mindset Matter Merch (No books here)

Henry Washington's Instagram

Brian Donnelly's KAWS

Connect with Andre:

Andre's Instagram

Andre's Business Website

The Landlord Life YouTube series

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-590

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

589: 10 Actionable Steps Anyone Can Follow to Buy a Rental Property Mar 29, 2022

Want to know how to buy a rental property? If rising home prices, rent prices, and fierce market competition have you struggling to get something under contract, your real estate saviors, David Greene and Rob Abasolo are here to help. In 2022’s hot housing market, it can seem almost impossible for new real estate investors to get their foot in the door. But, if you follow what the experts are doing, you may be able to lock up your next investment while other buyers are stuck in bidding wars.

Whether you’re wondering how to buy your first rental property or your next rental property, David and Rob have answers for you. They’ve partnered up to buy luxury short-term rental properties in sunny Arizona, all while recording the exact steps they’re taking to land a deal. If you’re already investing in real estate, some of these steps may seem familiar to you, but the gems that David and Rob drop are rarely discussed (and incredibly helpful).

So, if you’re ready to start your real estate investing journey, build wealth, rake in cash flow, and build passive income, you’re in the right place. David and Rob define their ten steps to investing success so you can spend less time analyzing deals and more time collecting rent checks.

In This Episode We Cover:

How to define your investment criteria so you can find deals that fit your needs

Working with a partner and keeping the line of communication open

Blocking off time so you (and your partners) can focus on crossing the finish line

What to look for in a real estate agent and how to communicate to them what you want

Writing your offer with multiple strategies in mind so you can beat the competition

How to not become “emotionally attached” to deals that look too good to be true

And So Much More!

Links from the Show

Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder

Dave Ramsey's Website

Zoom

Connect with Rob and David:

David's BiggerPockets Profile

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-589

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

588: Seeing Greene: Climate Change, ADU Dilemmas, & Retiring with Rentals Mar 27, 2022

Want to retire with rentals? Want more cash flow? Want to put up a lower down payment? What about building an ADU on your land? All of these questions (and more) are coming up on this episode of Seeing Greene. Unfortunately, this is the first time in BiggerPockets history that David Greene, master investor/agent, hasn’t been able to answer a question (and for good reason).

David tackles some challenging topics this episode, ranging from climate change affecting real estate values, what to do once depreciation runs out, and at what point should an investor take profits in the form of cash flow? While you may have heard varying opinions from other investing experts (or even other BiggerPockets hosts), David has a rather conclusive take on why you should NOT be retiring early with rental properties, but you should do something much greater instead.

If you heard a question that resonated with you or you’d like David to go more into detail on a certain topic, submit your question here so David can answer it on the next episode of Seeing Greene. Or, follow David on Instagram to see when he’s going live so you can hop on a live Q&A with the man himself!

In This Episode We Cover:

How climate change will and won’t affect buying patterns for real estate investors

Whether or not to trade a higher down payment for more cash flow or vice versa

Where to find real estate meetups to network with other investors

When the right time to pull out cash flow from your rental property is

How to maximize tax benefits after your property’s depreciation runs out

Building an ADU vs. buying another rental property with the cash

And So Much More!

Links from the Show

BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate?

BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties

BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Dea

BiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking

BiggerPockets Podcast 585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-588

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

587: Full-Time Flipping (Out-of-State!) at 24 by Doing What Most Don’t Know w/Dominique Gunderson Mar 24, 2022

Forty real estate deals is a lot, especially for an experienced investor. How many people do you know that have done forty flips, wholesale deals, or own over forty rentals? Odds are, probably not many. So how does a nineteen-year-old do that many deals in only a year? Even better, how do they then take that experience and build a successful flipping business thousands of miles away from where they live? The answer might surprise you.

Dominique Gunderson is an anomaly in the best of ways. At fifteen years old she became privy to short sales, then at age seventeen, she left high school to start wholesaling full-time. Now, at age twenty-four, she runs a full-time flipping business based in New Orleans while she resides in her home state of California. She’s managing this entire out-of-state real estate investing venture strictly through her phone, laptop, and conversations with her contractors. Impressive, right?

But this level of speed and growth didn’t come without its tradeoffs. Dominique failed many, many times in her pursuit of passive income and real estate profits. She’s the first to admit that she wouldn’t trade a single failure for anything she has now, as they’ve been the stepping stones to her success. So if you want to stop sitting on the sidelines and start succeeding at record speed, you better prepare to fail, just like Dominique did.

In This Episode We Cover:

How to quickly screen for potential hidden gems in the multifamily space

The eight steps that lead to perfect multifamily underwriting so you can make the best offer possible

“Loss to lease” and using it as a value-add opportunity that most investors miss

Getting debt quotes, insurance quotes, and accurately calculating future property taxes

Who’s opinion you need to ask for before going through on a multifamily deal

Looking for the opportunities and traps within a seller’s finances

Writing an LOI (letter of intent) and getting bigger deals under contract

And So Much More!

Links from the Show

The Real Estate InvestHER Show Episode 170: How this Full Time Nurse Manages Multifamily Syndications with Savannah Arroyo

Lowe's Home Improvement

The Home Depot

Dominique's BiggerPockets Profile

Connect with Dominique:

Dominique's Instagram

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-587

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

586: The 8 Steps That Will Stop You From Getting Burnt on Multifamily Deals w/Andrew Cushman Mar 22, 2022

Want to know how to analyze a multifamily property? Maybe you’ve analyzed duplexes, triplexes, quadplexes, or even ten-unit apartment complexes before, but what about the big deals? We’re talking about multi-million dollar multifamily investments, with hundreds of units, large debt and equity structures, and many, many small pain points only experienced investors would notice.

If you’re looking for an in-depth overview of how to find, analyze, and buy a large multifamily property so you can build passive income and serious equity growth, then Andrew Cushman is the man to talk to. Andrew is so good at what he does that he's partnered up with BiggerPockets Podcast host, David Greene, to invest together.

In Andrew’s previous episode, he touched on the “phase I underwriting” that comes with analyzing a multifamily deal. In this episode, Andrew focuses on what investors should do after they’ve triaged their deals and are left with only the best in the bunch. Andrew spent years worth of time analyzing deals to come up with these eight steps. He shares them today so you can have less headache and more investing success than when he started!

In This Episode We Cover:

How to quickly screen for potential hidden gems in the multifamily space

The eight steps that lead to perfect multifamily underwriting so you can make the best offer possible

“Loss to lease” and using it as a value-add opportunity that most investors miss

Getting debt quotes, insurance quotes, and accurately calculating future property taxes

Who’s opinion you need to ask for before going through on a multifamily deal

Looking for the opportunities and traps within a seller’s finances

Writing an LOI (letter of intent) and getting bigger deals under contract

And So Much More!

Links from the Show

BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Deal

DavidGreene Team

BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman

How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman

Parks and Recreation (TV Show)

David Greene's Webinars

Andrew's Linkedin Profile

Andrew's Visuals

Example 1 (Spreadsheet File)

Example 2 (Spreadsheet File)

Example 3 (Spreadsheet File)

Renovation Budget (Spreadsheet File)

Connect with Andrew:

Andrew's Company Website

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-586

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

585: Seeing Greene: Boosting Your Appraisal, Backward BRRRRs, & Capital Raising Risks Mar 20, 2022

BRRRRs, property classes, raising capital questions and more are in this episode of Seeing Greene! As always, your investor mentor, top agent, and shiny-headed host of the BiggerPockets Podcast is back to walk through real-life questions and examples brought to him directly from listeners just like you. This episode walks through a lot of the struggles new and intermediate investors have when trying to scale. So even if you’ve got one unit (or none), you’re probably in one of our guest’s positions.

Investors all over the country are enjoying the spoils of this hot real estate market and need to know the next best move to make. In today’s show, David touches on topics like how to scale when you feel overleveraged, the four hurdles that stop investors from building portfolios, how to tell whether a rental is an a, b, or c-class property, whether or not to raise money on your first big deal, and why every BRRRR needs to start backwards.

In This Episode We Cover:

The four things that slow investors down when building their real estate portfolio

How to know your “property’s personality” so you can get better tenants and equity gain

Defining property classes and what to do if a property and neighborhood class mix

Selling off your rental properties to buy bigger deals vs. raising private capital

Why real estate is easy in theory but difficult in practice

The single best strategy for every new real estate investor to start with

And So Much More!

Links from the Show

BiggerPockets Podcast 569: Rich Dad’s CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright

BiggerPockets Podcast 534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off?

BiggerPockets Podcast 513: Seeing Greene: BRRRR 101 – Loans, Deals, & Cash Flow —

BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions

BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate?

BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties

BiggerPockets Podcast 571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Dea

BiggerPockets Podcast 582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-585

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

584: The 5 Steps That Will Bring You More Deals, Friends, and Mentors w/Jonathan Greene Mar 17, 2022

If you’re new to investing in real estate, you may not have run your first real estate analysis yet. But as soon as you start looking at properties, you’ll become a spreadsheet wizard in no time! With so many investors counting on automatic analysis from modern, hyper-specific real estate calculators, old-school investors beg the question “do these calculators really make a difference in the deal?”

Today, expert investor, home flipper, wholetailer, and almost every other real estate title in the book, Jonathan Greene, joins us to talk about what new investors are missing out on. While many investors run spreadsheets and analyses before seeing a deal, Jonathan does it the other way around. Jonathan will drive to a property, walk the property, and then after taking a look at some specific parts of the property, will run a deal analysis. He walks through the system that not only makes this efficient but worthwhile.

If you've been around the BiggerPockets Forums for some time, you’ve probably recognized Jonathan’s name (or face). He’s an active contributor, responding to forum posts almost every day and chatting with new investors every chance he gets. Jonathan has found deals, mentors, partners, and great friends thanks to online forums, like BiggerPockets. If you’re looking to get the most out of your virtual networking, Jonathan shares his five tips on extracting huge value from the collective minds of over two million real estate investors!

In This Episode We Cover:

Going beyond the spreadsheets and analyzing real estate internally (before using a calculator)

How to get the “feel” of a house when investing out-of-state

The crucial parts of a house Jonathan looks at during his first walkthrough

The five steps to being successful in an online community (or in real life too!)

Choosing your perfect out-of-state market using two simple data points

Flipping poorly designed homes into massively profitable masterpieces

And So Much More!

Links from the Show:

BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene

BiggerPockets Podcast 583: Building Your “Passive Income Blueprint” Using the Right Real Estate Agent w/ Johnny Hoang

Vrbo (formerly called HomeAway)

Dave Meyer's BiggerPockets Profile

Dave Meyer's Instagram

David's BiggerPockets Profile

David’s Youtube Channel

Jonathan’s YouTube Channel

Rob's YouTube Channel

Rob’s Tiktok

Connect with Jonathan:

Jonathan’s Instagram

Jonathan’s TikTok

Jonathan’s Business Website: Streamlined Properties

Zen and the Art of Real Estate Investing

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-584

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

583: Building Your “Passive Income Blueprint” Using the Right Real Estate Agent w/ Johnny Hoang Mar 15, 2022

The signs of a bad real estate agent aren’t very clear if you’re a new investor. But, after trial and error and a lot of deals done, you’ll be able to weed out the basic agents from the rockstar realtors. If you’re brand new to real estate investing, there’s no need to sort through ten agents just to find out what makes the good ones great. Today, we’re giving you a shortcut as we pick the brain of one of the top real estate agents in the San Francisco Bay Area, and the country!

Johnny Hoang just began his real estate agent journey only a short two years ago, but he’s been able to close on an astounding $67M in home sales despite having such a short time in the market. Even with things as hot as they are, that’s a very impressive number from any agent, let alone a rookie! Of course, it should come as no surprise that Johnny is a student of David Greene and works with David daily.

In today’s show, David and co-host Rob Abasolo break down what it means to be a great real estate agent. They walk through different scenarios and situations with Johnny so you, the listeners, come away knowledgeable of the difference between an agent who will help you grow your portfolio and an agent who purely wants a commission check.

In This Episode We Cover:

How top agents prioritize clients and what you need to do to get to the top of the list

The investor-client “kiss of death” and how to NOT talk to an experienced agent

The seven signs of a bad agent and when to steer clear of an agent who’s all talk

Finding the perfect investor-friendly agent that will diligently hunt down deals for you

House hacking and using owner-occupied loans to slowly build your wealth

What to expect (and not expect) your real estate agent to bring to the table

And So Much More!

Links from the Show

Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder

DavidGreene Team

Keller Williams Realty

David's BiggerPockets Profile

David's Youtube Channel

Rob's Tiktok

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-583

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

582: Seeing Greene: Investing in Paradise, Timing the Market, and House Hacking Mar 13, 2022

Should I invest now or wait? How do I set up my children for financial success? What do top agents do to stand out in the market? These are all questions of real estate investors, agents, and onlookers who wait to see what’s next in the 2022 housing market. With so much uncertainty around us and an environment of intense competition, it can be a struggle to know what move is the right one or whether or not to sit out of the game entirely.

Well, if you’re looking for a top agent, investor, and podcaster with a very shiny head, you’ve come to the right place. David Greene is back with another fan-favorite episode of the Seeing Greene series as he takes questions directly from BiggerPockets listeners and commenters on YouTube.

In this week’s seeing Greene, you’ll hear David go granular into commonly asked questions and topics like: how to finance a rental without W2 income, what to do when a home is zoned incorrectly, investing in expensive markets like Hawaii, asset protection for real estate investors, and why cash flow isn’t the most important metric when house hacking.

Want to ask David a question? Submit your video here!

In This Episode We Cover:

The exact way David provides value to his residential and investor clients

Buying your child a rental property and the logistics that go with it

What to do with a rental property that was zoned incorrectly

Investing in vacation rental markets like Hawaii and why they’re different than regular markets

Whether to invest now or wait until the market has more cash-flowing deals

The best way to protect your assets as a new real estate investor

Why house hacking is the best way to get your start in real estate investing (even in expensive markets)

And So Much More!

Links from the Show

BiggerPockets Podcast 569: Rich Dad’s CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright

BiggerPockets Podcast 534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off?

BiggerPockets Podcast 513: Seeing Greene: BRRRR 101 – Loans, Deals, & Cash Flow —

BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions

BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate?

BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties

BiggerPockets Agent Finder

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-582

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

581: The Hidden Passive Income Source in Your Own Backyard w/That ADU Guy Mar 10, 2022

What do you think of when we say ADU (accessory dwelling unit)? If you’re like most homeowners, you probably think of a back house, a mother-in-law suite, or a converted art studio. But what if you don’t have a home that comes with a pre-fitted accessory dwelling unit? What if you don’t want to put in the money (or time) to build one out. Are you left with any options, or are your ADU dreams dead in the dust?

If you’ve wanted to start building passive income streams through your primary residence, then we’ve got good news for you. With us today is Derek Sherrell, also known as “That ADU Guy”, precisely because he is THE person you want to talk to when it comes to accessory dwelling units on your property. Derek knows his stuff, consulting dozens of homeowners on how an ADU would fit into their property and how much passive income they could make as a result.

And it’s not just about building some other structure in your backyard. You can convert attics, basements, garages, and even portions of your house into accessory dwelling units. Not only does this allow you to save on the cost of new construction, but it also gives you another option to build wealth, pay down your mortgage, or simply profit from a rarely used portion of your home.

In This Episode We Cover:

The exact criteria homeowners should look for in potential ADU-friendly properties

Attached vs. detached ADUs and the benefits (and cash flow difference) of both

The four main challenges when building, financing, or strategizing an ADU

What to look for in existing ADU structures, whether it’s a garage, back house, or basement

How to become an ADU expert quickly (and for free) with simple city zoning information

And So Much More!

Links from the Show:

Warren Buffet Forbes profile

Dave Ramsey website

Joe Asamoah's BiggerPockets profile

GC Real Estate

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-581

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

580: BiggerNews March: How a Surge of Foreclosures Will Impact the Housing Market w/Auction.com’s Daren Blomquist Mar 08, 2022

The word “foreclosure” is forever stained in the minds of almost every American who lived through the great recession. News stories in 2010 would talk about the slew of families that had been foreclosed on, with big banks taking back property from a significant number of former homeowners. Fast forward twelve years and many real estate investing fortunes have been made on the backs of foreclosure sales. Is this chance coming back once again in 2022?

Joined with us today for this month’s BiggerNews is the David Greene and Dave Meyer duo plus special guest, Daren Blomquist, VP of Market Economics at Auction.com. Daren knows the foreclosure market inside and out, spending his days studying and analyzing housing market data. With the newest “surge” in foreclosures, Daren is here to quell the mind of investors who are either hoping for (or dreading) another foreclosure crisis.

Back in early 2020, the US government imposed a foreclosure moratorium and a nationwide forbearance program, allowing citizens to hang on to their homes a little longer. As the economy shifts back into gear, and the moratorium ending, will we see a surge in foreclosures? Or, has price appreciation gifted so many homeowners with equity that foreclosures aren’t even on the horizon? Whatever the answer is, Daren can help you, the investor, plan for your next money-making move.

In This Episode We Cover:

Announcing who the new BiggerPockets Podcast host is!

The mass migration of homebuyers out of their local metros and into new surroundings

Zillow’s newest “SuperApp” that plans to replace realtors

How the 2010 foreclosure crisis compares to today and what would bring a new wave of foreclosures

Why foreclosures are up a whopping 97% as we head into 2022

Investing in foreclosures and how to score deals before they hit the market

And So Much More!

Links from the Show

BiggerPockets Real Estate Podcast on Apple Podcast

Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder

BiggerPockets Podcast 353: Turning $5K Into $5K/Month and Retiring at 40 with Tim Rhode

Dave Meyer's Real Estate News

Dave Meyer's Instagram

Henry's Instagram

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-580

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

579: The Secret Sauce Behind Short-Term Rental Success (Part 2) w/Rob Abasolo Mar 06, 2022

You can build wealth with short-term rental investing quite easily. All you need is a great location, a solid property, a good strategy, some phenomenal cleaners…wait maybe it isn't all that easy. But it’s certainly doable if you’re willing to put in the time, effort, and work to make your vacation rental stand out from the rest. This is exactly what investorsDavid Greene and Rob Abasolo are doing with their current partnership—buying luxury homes and turning them into once-in-a-lifetime getaways for wealthy vacationers.

But maybe you’re not ready to drop a few million on a multifamily mansion. Even so, you can still make a phenomenal return in the short-term rental space, you just need to know how to do so. Back in episode 578, David and Rob walked through the first three steps in their short-term rental success strategy. Steps like finding a short-term rental market, choosing your location, and defining your strategy.

In this part two episode, David and Rob walk through the more granular steps to getting your vacation rental up and running. Steps like what property type works best for which investors, understanding your timeline so you can build wealth while obtaining financial freedom, and divvying up work between you and your partners (or investors). Follow all five (six) steps in this episode, and you’ll be on your way to cashing in the profits from your vacation venture!

In This Episode We Cover:

The four main types of short-term rental properties and the benefits of each

How to mitigate your investing fears so you and your partners can move with confidence

Understanding not only your cash flow goals, but your long-term equity goals as well

Laying out clear roles and responsibilities for each partner in the investment

How to cautiously bring in outside investors on your vacation rental deals

And So Much More!

Links from the Show

BiggerPockets Podcast 578: The Secret Sauce Behind Short-Term Rental Success (Part 1) w/Rob Abasolo

Invest With David Greene

Robuilt YouTube Channel: This is exactly how much your property will make on Airbnb

Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-show-579

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

578: The Secret Sauce Behind Short-Term Rental Success (Part 1) w/Rob Abasolo Mar 03, 2022

Short-term rentals have taken the world by storm. Over the past two decades, the bed and breakfast type business has fallen prey to the more scalable short-term rental model. Real estate investors quickly realized that they could capitalize on the long-term equity gain of rental properties with the cash flow of hotels in one highly-lucrative asset class. Thus, the rise of the short-term rental, VRBO, and Airbnb investor was born.

Arguably the most notable short-term rental investor in the space today is good friend of the show, Rob Abasolo. Rob is such a pioneer in the short-term rental investing area, that veteran agent, broker, and investor David Greene, has partnered up with him to collectively build their cash-flowing, equity-increasing empire together. With dozens of deals under both of their belts, Rob and David walk through the five steps that it takes to find success in the short-term rental space.

This episode is split up into two sections, with the latter coming out right after this one. In this show, Rob dives deep into finding a short-term rental market that fits your needs and goals, choosing a location that specifically benefits you as the investor, the different types of short-term rentals, and how to build a vacation rental strategy that will match your goals for financial independence. Whether you’re thinking of buying a snowy chateau or a desert domicile, Rob and David will help you put the pieces together so you can build a strong portfolio that will benefit you for decades to come.

In This Episode We Cover:

Choosing a short-term rental market and what aspects to look for

Cash flow vs. appreciation and which matters more when it comes to STR investing

The four types of short-term rental markets and which have the best chance of success

Seasonality and factoring it into your revenue and profit calculations

The risks of investing in vacation rental markets and how to scale your portfolio faster

And So Much More!

Links from the Show:

Brian Chesky's Linkedn profile

Julian (San Diego, California) town profile

Eureka Springs City (Arkansas) profile

Waco City (Texas) profile

Chip and Joanna Gaines HGTV profile

Copperopolis Town (Calaveras County, California) profile

Destin City (Florida) profile

Gatlinburg City (Tennessee) profile

Great Smoky Mountains

Robuilt YouTube Channel: HOW MUCH MONEY MY TINY HOUSES MAKE and why Airbnb is the best way to make passive income

Robuilt YouTube Channel: This is exactly how much your property will make on Airbnb

Check the full show notes here: https://biggerpockets.com/blog/biggerpockets-podcast-578

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

577: Cutting Your Tax Bill, Investing in Different Markets, & "Investor Pressure" | Coaching Calls Mar 01, 2022

Should you invest in multiple real estate markets? How can real estate investors lower their tax burden? And, how do you handle all the pressure and stress that comes with success? These are just a few of the questions that live listeners asked top real estate agent, investor, and BiggerPockets Podcast host, David Greene. As per usual, David uses this coaching call as a way to answer questions from rookies and experienced investors, without any preparation.

You’ll get to hear firsthand how David answers questions like how to find your real estate tax expert, should you focus on one market or expand into multiple, what are the best real estate books to develop an “investor mindset”, and how do 1099 workers find financing? Regardless of the stage of real estate investing you’re in, all of these questions can help you develop your investing muscle so you can crush bigger deals and keep more of your hard-earned profit.

Have you heard of a real estate investing topic that you want David to go into more detail about? Is there a specific question you want answered by an industry expert? If so, be sure to follow David on Instagram (@davidgreene24) to see whenever he goes live for a Q&A session. Or record your question and submit it here!

In This Episode We Cover:

Accelerated depreciation and using it to substantially lower your tax bill

Finding a real-estate specific CPA that allows you to do more with your current portfolio

The pros and cons of investing in different markets and the strategies for each

Developing your investor mindset and having the courage to act when opportunities present themselves

Dealing with the pressure and stress that comes with investing and leading teams

How to finance real estate investments without having W2 income

And So Much More!

Links from the Show

Submit your Question for an upcoming Seeing Greene episode!

Biggerpockets Pro Membership

David Greene's Real Estate Team

BiggerPockets Ask your Questions Live

Biggerpockets Youtube Channel

Brandon's BiggerPockets Profile

The Dark Knight Rises

Blackstone

BiggerPockets Real Estate Podcast on iTunes

David's One Brokerage

Check the full show notes here: https://biggerpockets.com/show577

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

576: Short-Term Rental Roundup: Small Markets, Partnerships, & When to Go “All In” | Q&A w/Rob Abasolo Feb 27, 2022

The short-term rental market seems to get bigger and bigger every day. This should come as no surprise, seeing that short-term rentals not only work for vacationers, traveling business people, or anyone else who wants a nice, unique place to stay. But, while the rest of the world is focusing on which mountainside chateau they’re booking for their weekend getaway, real estate investors worldwide are figuring out how they can buy, rehab, furnish, and profit from these vacation rental ventures.

With so much competition in the market, it begs the question: is the short-term rental space becoming oversaturated?And, if it is, how can investors get on the ground floor of sleepy markets that will explode in popularity over the next decade or so? Of course, with questions like these, we need our short-term rental and wave-hair-styling expert, Rob Abasolo at the side of Sir BRRRR himself, David Greene.

In this Q&A episode, David and Rob will discuss a handful of topics, mostly centered around short-term and vacation rentals. Topics like: how to mix a long-term rental and short-term rental in one property, how to market outside of the top short-term rental platforms, can you convert a regular rental into a vacation rental, and the pros and cons of real estate partnerships.

In This Episode We Cover:

Buying mixed-use properties so you can combine long and short-term rental advantages

Whether or not the short-term rental market is starting to see saturation

How to adjust cleaning fees to optimize your booking rate

Converting a long-term rental into a short-term rental (and the time it takes to do so)

What to do when you can’t find comps (comparable rents) in your area?

The pros and cons of real estate partnerships and what to do before you join forces

And So Much More!

Links from the Show

BiggerPockets Podcast 453: Live Q&A with Brandon and David: Risk, Partnerships, Inspiration and Opportunity of Real Estate

VRBO

Airdna Rentalizer

Julian Gonda's Instagram

Join us for our Q&A Shows and ask your question

Invest With David Greene

BiggerPockets YouTube Channel

Click here to check the full show notes: https://www.biggerpockets.com/show576

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

575: Killer Cash Flow with This “Tenant-First” Section 8 Rental Strategy w/Joe Asamoah Feb 24, 2022

Section 8 BRRRR investing seems like a niche within a niche. To start, you have your classic BRRRR strategy (buy, rehab, rent, refinance repeat), a method that many real estate investors have used to gain vast amounts of equity in short amounts of time. Then, on top of the BRRRR, you have section 8 rentals, which many investors stray away from. Both of these investment strategies can be thought of as “advanced” rental property investing methods, but combining them can almost automatically guarantee you phenomenal rent, for years (if not decades) to come.

One investor known for his expertise in both section 8 rentals and BRRRR investing is Dr. Joe Asamoah. Regularly, Dr. Joe may be the smartest person in the room and he really shines when speaking about the often forgotten benefits of section 8 rentals. While many investors simply think of D-class houses and D-class tenants when accepting section 8 vouchers, Dr. Joe disagrees.

His theory is simple—Find C or D-class properties in B-class neighborhoods, and rent to A-class section 8 tenants. The payoff? Very long-term tenants with guaranteed rent whose lives you can benefit directly. And Dr. Joe isn't just hypothesizing about this—he’s been doing this for decades and may be why he has tenants who have stayed with him for over twenty years, paying rent every month, on time.

In This Episode We Cover:

Before and after photos of Dr. Joe’s most recent section 8 BRRRR rental

Renovation hiccups when doing large renovations/BRRRR deals

The “bedroom-to-cash-flow” ratio that makes section 8 a lucrative choice for investors

How to find the highest quality, long-term tenants in your investing area

Building multiple exit strategies out of one property for maximum cash flow and equity gain

The most common BRRRR risks and how to mitigate appraisal and tenant headaches

And So Much More!

Links from the Show:

BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah

BiggerPockets Podcast 498: Real Deal: BRRRR Deep Dive w/ Joe Asamoah (Pt 1)

AffordableHousing.com (formerly GoSection8.com)

David Greene's Instagram David

David Greene Real Estate YouTube Channel

Robert Abasolo's Instagram

Robert Abasolo's Robuilt YouTube Channel

Robert Abasolo's TikTok

Check the full show notes here: https://biggerpockets.com/show575

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

574: Rising Rates, Rentals vs. Primary Residences, and Common Crash Indicators | Coaching Calls Feb 22, 2022

If a housing bubble is on the horizon, how best do real estate investors prepare for the massive hit they’re about to take? With so much money flowing throughout the economy, home prices hitting record highs, and competition staying fierce, what can the average investor do to stock up so when a housing market crash does happen, they’re ready to make big moves? David Greene, may have an answer.

Although many people see David as a real estate fortune teller, he, unfortunately does not bring his crystal ball (unless you count his shiny bald head) onto today’s coaching call episode. Lucky for us, he does bring over a decade worth of knowledge from investing in many different phases of the real estate cycle. David is thrown questions from live guests today, without any preparation or information besides his own knowledge.

Topics on today’s show range from when to buy a primary residence vs. buying a rental property, outsourcing your tasks so you can grow your portfolio, what will happen when interest rates rise this year, housing bubble indicators, and finding honest contractors. If you’re looking to invest in real estate, whether this year or within the next decade, David’s thoughts on surviving and thriving in a housing crash could make you much, much wealthier!

In This Episode We Cover:

Whether to pay rent and buy a rental property or buy your first primary residence

Bridge loans and raising private capital from investors in your network

Enforcing the principles of Who Not How to grow your business faster and smarter

Avoiding the housing market hysteria that many investors are facing today

The leading indicators of a housing market crash (and how to see them before others do)

How to avoid untrustworthy contractors and keep the quality ones around

And So Much More!

Links from the Show

Submit your Question for an upcoming Seeing Greene episode!

Biggerpockets Pro Membership

David Greene's Real Estate Team

Henry Washington's BiggerPockets Profile

BiggerPockets Ask your Questions Live

Check the full show notes here: https://biggerpockets.com/show574

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

573: BiggerPockets Podcast 573: Rental Arbitrage, Out-of-State Investing, & Home Loans You've Never Heard Of | Q&A w/Henry Washington Feb 20, 2022

Financial freedom is the “why” behind almost everyone getting into real estate investing—but sometimes not for the right reason. We all want more time to spend with our families, doing things we love, and having autonomy over our own lives without having to worry about making money to live. This is all well and good for investors getting a delayed start on their investing journey, but what about the young investors, the ingenuitive investors, or those who could give so much more than they get?

This is just one of the topics that your hosts David Greene and Henry Washington get into today, as they take live questions from BiggerPockets listeners without any prep, research, or outside factors coming into play. You’re getting a direct line into the mind of two of the best investors (and podcast hosts) around so you can see their struggles, landlording pains, and decisions behind their investing careers.

In this show, we especially get into topics such as: building a real estate portfolio from scratch, non-QM loans and their big benefits for investors, when to stop buying rentals and focus on paying off your portfolio, finding off-market deals, and the classic cash flow vs. appreciation debate for long term wealth. This episode features both rookie investors and investors already seeing success through real estate. If you invest in real estate (or want to), this is the place to be!

In This Episode We Cover:

Investing locally vs. investing out-of-state to capitalize on lower housing costs

Portfolio loans, non-QM loans, and other flexible financing for real estate investments

When to stop buying rentals and pay off the ones you already own

Whether or not to allow rental arbitrageurs to lease your rental properties

Cash flow vs. appreciation and how this personally impacts your growth

How to build relationships with commercial brokers so the deals come to you

And So Much More!

Links from the Show

BiggerPockets Podcast 366: 40 Doors in the First 2 Years with Henry Washington

ListSource

PropStream - Real Estate Investment Software

Live Questions

Click here to check the full show notes: https://www.biggerpockets.com/show573

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

572: The Super Repeatable Path to Real Estate Wealth (No Experience Needed!) w/Erika Brown Feb 17, 2022

Do you need to be rich to buy a rental property? Arguably, no. In reality, you don’t need a lot of experience, know-how, or cash on hand to buy your first income property. But, you need to at least be resourceful, take advantage of your opportunities, and have the tenacity to follow through on your goals. If you have all those qualities, you may be a great real estate investor, or maybe you’re today’s guest, Erika Brown.

Erika wasn’t raised by real estate investors. No, this was a skill she had to learn completely on her own. In fact, she learned the real estate sales skill without even knowing it! When Erika moved to a new neighborhood in the Atlanta, Georgia area, she was consistently convincing friends to buy properties around her home. She passed these leads along to a local real estate agent until she realized she was casually handing over six figures in commissions.

So, she went ahead and got her real estate license, and later turned a pocket listing into her first real estate investment. From there, she saw a profitable path laid out, all she needed was the partners, lending, and work to actualize it. Now, Erika is sitting on a sizable real estate portfolio, building purposeful and profitable businesses so she can employ members of her community and lead the wealth generation movement in her circle!

In This Episode We Cover:

When part-time agents should make the jump to full-time work (and how to do it)

Quitting the corporate lifestyle to take on more risk as a real estate investor

Cashing out retirement accounts to fund your first (or next) deal

Getting around common real estate roadblocks that lead rookie investors to fail

Having a “purpose-first” business model so you can build wealth and upgrade your community

Why every investor must “do what the wealthy do” to succeed in real estate

And So Much More!

Links from the Show:

BiggerPockets Live Q&A

TEDx Talks: How to Succeed at Doing Anything | David Greene | TEDxRoseville

The Last Dance - A docuseries that chronicles the rise of superstar Michael Jordan and the 1990s Chicago Bulls

Peerspace

Facebook Groups

Check the full show notes here: https://www.biggerpockets.com/show572

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

571: Is This Deal Worth My Time? The 6 Crucial Steps to Vet a Multifamily Deal Feb 15, 2022

Real estate underwriting isn’t a commonly used term within the residential world. If you’re used to dealing with single-family homes, duplexes, triplexes, or quadplexes, you’ve probably done real estate underwriting to some degree, but you’ve called it “real estate analysis”. In both scenarios, investors are looking at what they’ll make on a deal, how much they need to invest, and what exit strategies they have.

But, in a hot housing market, like we’re in today, by the time you analyze a deal, a deal may already be gone. You need a way to quickly sort deals into the “pursue” or “dump” piles, and Andrew Cushman, expert multifamily investor, may have just the solution for you. Andrew has been on the BiggerPockets podcast before and manages over 2,600 units, so he definitely knows what he’s talking about!

Today, Andrew showcases the phase one underwriting he uses to decide quickly on deals, as well as the four levers to look at before even getting into underwriting. His system can save you hours, or even days, if you’re a full-time investor, and it helps rookie investors quickly analyze deals so they can get into the game. Now, residential owners can transition into commercial real estate with better scale and bigger profits.

In This Episode We Cover:

How Andrew scaled from zero to 2,600 units in only ten years

The basic screening process that allows you to triage your deals and waste less time

Four levers every investor should look at when analyzing a new deal

The six factors of phase one multifamily underwriting and using it to unlock “home runs”

Developing and nurturing broker relationships so you can get off-market deals before your competition

And So Much More!

Links from the Show

BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene

BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman

BiggerPockets Podcast 270: Turning Your Primary Residence Into 40 Units & Financial Independence with Amy Arata

How to Find Overlooked Opportunities in a Hot Market with Andrew Cushman

Hal Elrod's Website

Submit your Question for an upcoming Seeing Greene episode!

CoStar

ESRI

LoopNet

Invest with David Greene

Check the full show notes here: https://www.biggerpockets.com/show571

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

570: Seeing Greene: Signs of a Great Agent, When to Refi, and How to Scale Feb 13, 2022

Your rental portfolio can either be your ticket to financial freedom or a massive headache, but it’s completely up to you, the investor, to decide. Many investors who have been stacking up properties over the past few years now realize they’re sitting on a significant amount of equity. But what is the best way to use this equity without raising your stress levels in the process? Should you buy more units or focus on getting better, smaller, cash-flowing deals?

David Greene is here to help alleviate you from the decision-induced stress, as he’s been dealing with these exact types of questions personally and with many of his buyers recently. In this Seeing Greene episode, David takes answers from BiggerPockets listeners both in video and written form, discussing topics ranging from scaling your real estate portfolio, outsourcing “heavy” tasks with a virtual assistant, and whether to cash-out refinance or use a HELOC(home equity line of credit).

David also answers the age-old question of whether or not unit count matters when it comes to cash flow and long-term wealth building. You may be surprised to hear that many investors' “unit counts” don’t accurately reflect the size of their personal holdings. You’ll also get advice on how to find a great real estate agent from one of the top agents in the country!

If you’d like to ask David a question, be sure to submit yours here!

In This Episode We Cover:

How to grow your real estate portfolio in spite of fluctuating market conditions

Using virtual assistants to outsource the repeatable, “heavy” tasks on your plate

When the right time to sell an investment property is (especially with HIGH appreciation)

Transferring a rental property from your LLC into your personal name, and the implications that come with it

The two types of agents and which one you should use for buying investment properties

HELOCs vs cash-out refinances and the specific uses of both

And So Much More!

Links from the Show

Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder

BiggerPockets Podcast 534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off?

BiggerPockets Podcast 513: Seeing Greene: BRRRR 101 – Loans, Deals, & Cash Flow —

BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions

BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate?

BiggerPockets Podcast 567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties

Click here to check the full show notes: https://www.biggerpockets.com/show570

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

569: Rich Dad's CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright Feb 10, 2022

If you’re asking your CPA how to not pay taxes, this may be the perfect episode for you. In fact, this episode is geared towards anyone making money in real estate, and listening could save you a massive amount in taxes over your lifetime. But isn’t tax reduction only for the ultra-rich? How can the average, everyday investor who has one, two, or a dozen rentals keep more of their capital so they can invest in more deals?

Tom Wheelwright is the exact man to ask this question to. He’s so good at what he does, that he’s been advising Rich Dad Poor Dad’s Robert Kiyosaki for decades. Tom is dedicated to minimizing the tax burden that he and other investors suffer from. If you’ve read Rich Dad Poor Dad, a lot of Tom’s strategy will sound familiar, but in reality, it’s what all intelligent investors are doing.

In today’s episode, Tom walks through the biggest areas where real estate investors can cut their tax bills, how to generate losses through depreciation, building an investment system, and the five steps to eliminating income tax from your real estate deals. If you make money in real estate, no matter how, this is information you can NOT live without.

In This Episode We Cover:

Why rich investors pay fewer taxes than those who are employed or self-employed

Tax incentives vs. loopholes and why one is risky and the other is celebrated

Where investors can look to greatly reduce their taxable income

How real estate debt gives investors far less risk in their deals

Deprecation, recapture, and how real estate gives you a leg up on income tax reduction

Whether or not you should hold a real estate investment in an LLC

And So Much More!

Links from the Show:

BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming

Amazon

The CASHFLOW GAME by Robert Kiyosaki

Invest with David Greene

The Real Estate Strategies Podcast with Ken McElroy: QUITTING Your 9-5 for Real Estate Investing (with BiggerPockets' David Greene)

Ken McElroy's Official Website

Robert Kiyosaki's Official Website

Listen to the full episode: https://www.biggerpockets.com/show569

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

568: BiggerNews February: Analyst Who Predicted '07 Crash Sees "Yellow Flags" w/ Ivy Zelman Feb 08, 2022

The housing market is an evolving beast that almost no one can accurately map. With so many investors on opposite sides of the fence when it comes to housing market crashes and corrections, it’s nice to hear the thoughts of someone who has accurately predicted past crashes. We’re honored to have Ivy Zelman from Zelman & Associates on today to discuss the modern housing market, supply chain shortages, and overbuilding problems.

Zelman accurately predicted the 2007 housing market crash and has been on the front line of analysis and forecasting when it comes to all things housing market-related. She’s seen the data firsthand and has a broad understanding of which factors specifically impact prices, demand, and overall availability. David Greene and Dave Meyer take some time to ask her the top-of-mind questions that investors and first-time homebuyers want answered.

If you’re planning on purchasing real estate in the next year or two, it may be best to get Zelman’s opinion before putting in your offer. She’s seeing multiple “yellow flags” that may signal stark changes within the housing market, either allowing you to scoop up better deals in the near future or at least mitigate loss when buying at these record-high prices.

In This Episode We Cover:

The similarities between the 2007 housing market and today’s housing market

Affordability and how it greatly impacts both buying and selling behavior

The “overbuilding problem” we’re seeing with many multifamily developers

Supply chain problems, labor shortages, and other factors impacting new construction

Who should (and should not) buy real estate over the next couple of years

And So Much More!

Links from the Show

BiggerPockets Jobs

Cradle to Grave by Zelman & Associates

National Association of Realtors (NAR)

Listen to the full episode: https://www.biggerpockets.com/show568

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

567: Seeing Greene: Finding Cash Flow, Refinancing Sooner, & NNN Properties Feb 06, 2022

The 1% rule, HELOCs, BRRRRs, cash-out refinances, and cash flow are all topics on this episode of Seeing Greene. As always, you’ll be joined by our jiu-jitsu loving, metaphor-creating, top-tier agent and investor, David Greene as he takes questions submitted via video, on YouTube, and through the BiggerPockets forums. With so many new investors getting into real estate, there is no better time than now to sit down, relax, and get into the mind of an expert.

If you’re a rookie figuring out how to get financing for your first real estate deal or a veteran investor debating cash flow vs. appreciation and the usability of the 1% rule, be sure to stick around. David touches on all these topics and more as he dives deep into some of the most asked questions around the real estate community.

You’ll hear about out-of-state investing, the best real estate investment for cash flow, the implications of partnering with a romantic partner, ADUs (attached dwelling units), and how to get around the dreaded six-month seasoning period of cash-out refinances. If you’d like to ask David a question, be sure to submit yours here!

In This Episode We Cover:

Securing financing when you don’t have any deals under your belt

Whether to use a cash-out refinance or HELOC (home equity line of credit) on your next BRRRR

Whether or not triple net lease properties are worth investing in and the risks

Why David changed his stance on cash flow vs. appreciation over the past few years

Whether or not the 1% rule is still viable for modern real estate investors

How to get around the six-month seasoning period of refinances

And So Much More!

Links from the Show

BiggerPockets Podcast 534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off?

BiggerPockets Podcast 513: Seeing Greene: BRRRR 101 – Loans, Deals, & Cash Flow —

BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions

BiggerPockets Podcast 558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate?

Click here to check the full show notes: https://www.biggerpockets.com/show567

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

566: 10 Properties in 8 Months by Saying “No” More Than “Yes” w/Jason Rash Feb 03, 2022

How many rental properties do you own? It could be one or one hundred rentals. But, whether you’re a rookie or veteran real estate investor, it’s hard to not be impressed by Jason Rash’s story. Jason has put off investing in real estate for most of his working life, focusing more on passive income streams like investing in stocks. This all changed when Jason saw tens of thousands in stock value disappear from his accounts.

He wanted something more reliable, stable, and calculated that he could control. Of course, real estate investing fits that criteria exactly. So what did Jason do? Did he go and buy one rental, wait a few years, and then try to buy another? Nope. Jason went and bought ten properties over the span of eight months. That more than one property a month within his first year of investing!

Be warned, there is a method to this madness. Jason has a tight control on his long-distance investing, having only the best agents, property managers, plumbers, electricians, and contractors on speed dial. This wasn’t a system he fell into, this was a system he intentionally built. Jason shares his six-part criteria that any new investor can use, especially when trying to minimize headaches and maximize cash flow.

In This Episode We Cover:

The huge competitive advantage of having local knowledge and a core four

Lowering your property management fee while creating a win-win for both parties

Seller credits and using them to finance house repairs and upgrades

Fighting off “shiny object syndrome” so you can stay focused on your goal

Jason’s six-step criteria to buy headache-free houses when investing from a distance

Building a scalable, repeatable, simple system for finding, funding, and closing on great deals

And So Much More!

Links from the Show:

TEDx Talks: How to Succeed at Doing Anything | David Greene | TEDxRoseville

David Greenes's Instagram

Grant Cardone's Website

Check the full show notes here: https://www.biggerpockets.com/show566

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

565: How to Take the Fear Out of Investing in New (or Bigger) Deals w/Bestselling Author Kindra Hall Feb 01, 2022

Analysis paralysis is always lurking. Even the most experienced investors feel it before they pull the trigger on a new deal, business, or strategy. It’s not to say that careful consideration of an investment isn’t a crucial requirement to success, but the mental stuttering we feel when trying to make a decision can leave us in a foggy stupor. When we feel like this, we do fewer deals, build less wealth, and live our lives half full.

Kindra Hall, bestselling author, master storyteller, and real estate investor knows this feeling all too well. She watched her husband struggle with analysis paralysis during the mass foreclosures of the great recession. Thankfully, she and her husband took the time to catch, analyze, choose, and install a better outlook, or story, for their investing future. This type of mental mechanism allowed Kindra and her husband to grow their real estate holdings and buy the beach house of their dreams.

In today’s episode, Kindra outlines the four steps every investor needs to go through to create better mental stories that will push you to the finish line, instead of keeping you in investing anxiety. If you’re still waiting to purchase your first investment property, we recommend taking this advice to heart, trying it out, and taking action!

In This Episode We Cover:

The stories we outwardly and inwardly tell ourselves that could hurt our success

How to crush hesitation so you can make the right decision faster

Shrinking limiting beliefs about what we can and can’t do

The four-step process to redesigning your story and installing a new one

How Kindra got a $1M+ beach house for well under asking price

And So Much More!

Links from the Show

BiggerPockets Jobs

Holmes on Homes (TV Series)

Amazon

Barnes and Noble

Robert's Youtube Channel

Check the full show notes here: https://www.biggerpockets.com/show565

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

564: Difficult Tenants, Taking on Investors, & Leaving a Safe Job for Real Estate | Q&A w/Rob Abasolo Jan 30, 2022

Bad tenants? Funding hiccups? Scaling too fast? These are just some of the problems real estate investors have to deal with every day. What’s the prize for all this work? Financial freedom, personal fulfillment, and the time to do what you want, with who you want, wherever you want! It’s no surprise that real estate investing is one of the best ways for the average person to build wealth. But what do you do when things go wrong?

Expert investor, agent, lender, and podcast host, David Greene, is joined by short-term rental pioneer and YouTube personality, Rob Abasolo, to answer questions from rookie and veteran investors. These questions are thrown at our experienced hosts without any prep, allowing them to come up with quick solutions that could answer a question you’ve been wishing someone would ask.

David and Rob touch on topics that almost every investor will deal with, such as: how to take on private money for the first time, creative ways to fund your rehab, tips for setting up a short-term rental, when to quit your job and pursue real estate full-time, and how to get rid of headache tenants.

In This Episode We Cover:

Should you own real estate in an LLC or in your personal name?

How to legally (and ethically) raise private capital for real estate deals

The best ways to fund a rehab, especially when you’re low on cash

The biggest mistake that short-term rental hosts make when setting up their first rental

Valuing your time vs. money and when to quit your W2

Inheriting tenants and what to do when renters won’t pay on time (or at all)

And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show564

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

563: W2 Retired and Traveling the World with Just 15 Units w/Sarah Weaver Jan 27, 2022

Long-distance investing may sound like an impossible feat to achieve for many investors. What if something goes wrong in the house? What if something needs fixing? What if there are problems with tenants? As today’s guest Sarah Weaver puts it, “do nothing”, your core four can handle it all so you don’t have to stress.

Sarah knows what she’s talking about—she’s been a nomadic landlord for years now, teaching agents and investors how to grow their businesses while living their dream life. Sarah was able to close on twelve units while operating abroad and working remotely. She was buying fourplexes while hiking in New Zealand, landlording while on the beaches of Bali, and growing her businesses while enjoying everything South America had to offer.

Sarah embodies the exact type of life so many investors are looking for. The difference between most investors and Sarah? She let go of fear and kept her goals in mind, no matter what she was doing. This way, she’s been able to retire off of fifteen rental properties in less than a decade while running her own business, traveling, and really doing whatever she wants!

In This Episode We Cover:

Really long-distance investing and how your boots on the ground team make it possible

How to find an investor-friendly agent that will provide big value to your business

What agents need to know before they start working with real estate investors

Having a crystal clear criteria and using it easily find real estate deals

Medium-term rentals that provide less risk and more rent than long-term rentals

The long-distance BRRRR and using it to invest in affordable areas

Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder

And So Much More!

Links from the Show:

Hospitable (formerly Smartbnb)

Keller Williams Website

Personal Capital

Robert Abasolo's Instagram

How to Use the DISC Profile to Communicate Effectively in Business , an article by David Greene

Robert Abasolo's TikTok

Craig Curelop's BiggerPockets Profile

Matt Faircloth’s BiggerPockets Profile

Check the full show notes here: https://www.biggerpockets.com/show563

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

562: How to Make 2022 Your Best Year Ever Jan 25, 2022

“How to invest in real estate?” is a commonly searched-for term across the internet. With home prices continuing to climb and inventory staying low, more people want to know how it’s possible to buy real estate in turbulent times like 2022. It’s no surprise there’s been an uptick in investors—real estate offers consistent, reliable returns, paired with big tax benefits and the ability to scale with ease.

But don’t you worry, we’re not going to make you go through all the trips and stumbles uneducated investors have to face. David Greene, host of the BiggerPockets Real Estate Podcast, has made these mistakes for you, so you can achieve financial freedom faster and with less stress.

David shares eleven powerful tips that you can use to make 2022 your best investing year yet! He also provides examples from his own investing career on what you should (and should not) do when getting your footing in the investing world. If you pair this information with daily consistent action, you’re in for a phenomenal 2022 (and beyond)!

In This Episode We Cover:

Eleven powerful tips to make 2022 the best investing year ever

Why new year’s resolutions don’t always work, plus a better way to set goals

The three keys to success in real estate, life, and business

Building out your LAPS funnel so you always have deals coming in

The best real estate investing tools that you should take advantage of

A special discount off BiggerPockets Pro just for listeners of this episode

And So Much More!

Links from the Show

BiggerPockets Pro Exclusive Videos

Biggerpockets Pro Upgrade (Code: REPOD1)

Hustle & Persistence To Build Wealth Through Real Estate | BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene

Real Estate Investing Bootcamps

Webinar Slides

Webinar Workbook

BiggerPockets's Instagram

BiggerPockets Investment Calculators

Foreclosure.com

Email: support@biggerpockets.com (for refund)

Check the full show notes here: https://www.biggerpockets.com/show562

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

561: Establishing Your “Beachhead” to Work Less and Invest MUCH More | Q&A w/Craig Curelop Jan 23, 2022

House hacking, renting by the room, co-living, boarding houses? These are all things that author, investor, real estate agent, and expert hacker of houses, Craig Curelop, is used to. Craig got his start in real estate investing by renting out rooms in his own home, having his roommates pay his mortgage for him, and eventually skating on to financial freedom.

Craig is joined by another familiar expert house hacker and real estate investor, David Greene, to answer questions around lending, leases, and the legality of raising private money. With so many new real estate rookies in the investing sphere, this episode is a great intro for anyone who’s looking to plan, start, or scale their next real estate investment.

Craig and David fire from the hip in this episode, answering questions live with topics ranging from scaling your business while keeping your free time, refinancing on a shared boarding house, raising private capital (equity vs. debt), what to expect when you house hack, and how to rent out your home in the snowy winter.

In This Episode We Cover:

Establishing your “beachhead” as an investor, business owner, or real estate agent

Strategizing your refinance when your home is less than conventional

How much interest to promise investors and when to raise capital

Planning your house hack purchase and setting up your home for multiple roommates

Precautions to take when renting out your home in the winter

And So Much More!

Links from the Show

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

Click here to check the full show notes: https://www.biggerpockets.com/show561

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

560: Double Your Rental Income with Co-Living Cash Flow w/Sam Wegert Jan 20, 2022

Co-living (coliving) may sound a bit scary at first to a landlord. You have a bunch of young professionals living under one roof. What if there is an argument over cleaning, what if there is a fight that breaks out, will my property be ripped to shreds? Let today’s guest, Sam Wegert, quell your fears—co-living and house hacking can rake in cash flow, with way less of a landlord headache.

Sam is no stranger to entrepreneurship and real estate investing. He bought his own martial art studio at the age of fifteen and his first rental property at nineteen years old. Now he boasts a portfolio of over twenty-two long-term rentals, ten short-term rentals, seven martial arts studios, and one online program. Even more impressive, Sam is managing over 150 different tenants throughout his thirty-two properties.

How does he do this without ripping his hair out? Well, aside from the relaxation that comes after an intense sparring match, Sam has systematized his real estate business into a cash-producing machine. He has had to build his own property management and his own policies that help keep him, and his tenants, happy. If you’re looking for your next cash cow rental investment, this could be it!

In This Episode We Cover:

Starting a business and buying property at an impressively young age

House hacking and why every young investor should try it

Keeping the peace in a co-living house and building a bullet-proof lease

What to look for when buying co-living properties (size, bedrooms, bathrooms, etc.)

The systems Sam uses to keep his rental property business running smoothly

Developing discipline to take on bigger, scarier challenges (and crush them!)

And So Much More!

Links from the Show:

BiggerPockets Youtube: BRRRR and Rent by the Room: Retire from Real Estate with few properties with Ron Gallagher

BiggerPockets Podcast 392: $12,500 per Month in ‘Pure Cash Flow’ With Todd Baldwin

BiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David Osborn

The Tony Robbins Podcast

Craig Curelop's Instagram

Craig Curelop's Tiktok

Check the full show notes here: https://www.biggerpockets.com/show560

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

559: 1,000 Units as a Part-Time Nurse and the System That Helped Her Get There w/Stephanie Betters Jan 18, 2022

Real estate CRMs (customer relationship management) aren’t the most exciting things to talk about…that is until you look at the results they help build. Before building her own CRM, Stephanie Betters was struggling to grow her real estate portfolio. She had an original goal to acquire fifteen units before her children went to college, but realized that her taxing job as a nurse wouldn’t allow it. For her to hit fifteen units, she would have to scale, automate, and delegate tasks.

She did just that and overshot her goal by a significant margin. As of now, Stephanie has 1,000 rental units and is wholesaling and building another 200 deals per year. She’s doing all of this while working as a part-time nurse, which truly shows her real estate system is a well-oiled machine. But, this system wasn’t just dropped into her lap, she had to build it herself using Salesforce as a base.

If you’ve been thinking about scaling your business, no matter what stage you’re at, Stephanie has recommendations for how to do so in the best way possible. This includes systems for the novice investor/house hacker up to the streamlined syndicator and everything in between.

In This Episode We Cover:

Incorporating “real estate tech” at each stage of your investing journey

Using CRMs like salesforce to automate your entire business

Hiring, training, and leading a team of virtual assistants (foreign and domestic)

“Lead leakage” and how it could be costing you thousands every month

The three most important KPIs every investor should be tracking

Text, email, and other outreach-type automations that will save you time

And So Much More!

Links from the Show

BiggerPockets Business Podcast

BiggerPockets Business Podcast 80: Turning Problems Into New Income Streams With Stephanie Betters

Craig's BiggerPockets Profile

Left Main

Blinkist

Check the full show notes here: https://www.biggerpockets.com/show559

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

558: Seeing Greene: Cash Flow—The Most Overrated Metric in Real Estate? Jan 16, 2022

Cash flow is arguably the most important metric in real estate investing…that is if you’re talking to novice investors. Expert investors, like David Greene, know that cash flow is but one of many factors to consider when buying a rental property, and it’s arguably the least important. While rookie investors focus on building their cash flow, veterans focus on building their wealth while freeing up their time.

On this week’s episode of Seeing Greene, your jiu-jitsu and real estate sensei is back to drop some wealth-building bombs so you can work less, live more, and lead a happier life. David takes questions in the form of video submissions as well as questions off of the BiggerPockets forums. The topics of these questions range from HELOC (home equity lines of credit), buying rentals without a W2, cash flow vs. appreciation, and why rent appreciation isn’t matching home appreciation.

Want to ask David a question? Send in your video submission here!

In This Episode We Cover:

When to use HELOCs, hard money loans, or conventional loans to buy rentals

How to find financing for a rental when you don’t have W2 income

What sellers look for when deciding on which offer to take

How to lower your DTI (debt-to-income) ratio so you can qualify for more loans

Whether or not to focus on cash flow or appreciation for long-term wealth building

Why rent growth cannot and will not match home price appreciation

And So Much More!

Links from the Show

BiggerPockets Podcast 534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off?

BiggerPockets Podcast 513: Seeing Greene: BRRRR 101 – Loans, Deals, & Cash Flow —

BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions

Click here to check the full show notes: https://www.biggerpockets.com/show558

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

557: Raising Millions of Dollars (and 8 Kids!) After Dumping Her Day Job w/ Esther Reizes-Lowenbein Jan 13, 2022

Raising capital for real estate investing is a far more useful skill than most people realize. If you have a strong knack for networking and the social skills to connect with many different individuals, you could be the exact piece that almost every investor is looking for. As more investors get into the hot commercial real estate market, they’ll need private capital to fund their deals. So who better than you to connect the investor and the deal finder for a piece of the cash flow pie?

If you’re worried about the time commitment of raising capital, let us introduce you to Esther Reizes-Lowenbein, who not only worked as a broker, capital raiser, and investor but also is raising her eight children while doing it. Fortunately for Esther, raising capital is something she loves to do, as she has a strong communication background with her former training in speech pathology.

If you’re getting the itch to start investing in bigger deals, but don’t know how to get started, Esther can help. She walks through the different roles in commercial real estate, whether to invest, syndicate, or stick with small deals, and how to become a capital raiser yourself (the right, legal way).

In This Episode We Cover:

General partners, limited partners, and every commercial real estate role in between

Whether to invest, syndicate, or continue to buy small deals yourself

How to legally (and ethically) become a great capital raiser

The biggest mistakes commercial brokers make early into their career

The hottest property types and which you should look into for 2022

The Achilles heel of most short-term rental deals

And So Much More!

Links from the Show:

BiggerPockets Podcast 518: The Biggest Takeaways from BPCon 2021 | Live Host Panel from NOLA

BiggerPockets Podcast 366: 40 Doors in the First 2 Years with Henry Washington

BPCON2021 - New Orleans

Henry Washington's Instagram

Check the full show notes here: https://biggerpockets.com/show557

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

556: The Most Feared BRRRR Step (and How to Get Over It) | Coaching Calls Jan 11, 2022

If you’re rehabbing a rental, performing a BRRRR, building an ADU, or even getting into new construction, now is a challenging time for you. With supply chain problems, limited materials, and all-time high housing prices, contractors are in low supply. Even when you do schedule a project, the likelihood of your contractors showing up on time can be slim at best.

David Greene is back with another round of coaching calls to give his take on this current contractor crisis, as well as answer questions on the BRRRR strategy, the turnkey rental method, going over budget, and how to stay focused when investing. If you’ve struggled at all with anything related to calculating rehab budgets, liens on properties, and managing contractors yourself, be sure to write down David’s suggestions.

Have a question about real estate investing you want to ask David? Want to help other investors in your position? Submit your question here!

In This Episode We Cover:

Whether or not the turnkey rental model is built to scale your portfolio

Why capital is crucial when investing in real estate over the long-term

Breaking down the BRRRR strategy and walking through the more difficult steps

What to do if your rehab job goes over budget (and how to make it a win!)

Backing out of a contract when a lien has been placed against a home

Where (and how) to find reasonable, timely, and available contractors

And So Much More!

Links from the Show

Submit Your Questions to David

Check the full show notes here: https://biggerpockets.com/show556

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

555: Buying in Expensive Markets & When to Jump Into Real Estate: Live Q&A w/Henry Washington Jan 09, 2022

If you’ve got real estate investing questions, David Greene and Henry Washington have answers. These two real estate investors have been through the good times and the bad times, dealing with dozens of tenants, plenty of 2 AM maintenance calls, and all the fun that comes along the way. Today, they open up their minds to help share answers to some of the most asked real estate questions.

These questions were taken directly from real estate investors, just like you! You’ll get to hear exactly how David and Henry answer tough questions like these, on the spot, with no preparation. If you’ve been itching to ask a question to a high-level investor like David or Henry, stick around, as they might answer your question on today’s episode!

Want to ask a question next time? Submit yours at biggerpockets.com/david!

In This Episode We Cover:

How to buy properties in an expensive market (and still cash flow!)

Whether or not you should convince a seller to owner-finance you a deal

Saving up down payments vs. using HELOCs (home equity lines of credit) to purchase your deals

When the right time to jump into real estate is (and how much you should have saved)

Whether or not you should buy a house that’s on a septic tank

How to finance more properties when you’ve personally maxed out your DTI (debt-to-income ratio)

And So Much More!

Links from the Show

Managing a property in-house vs. hiring a third-party property manager

Click here to check the full show notes: https://www.biggerpockets.com/show555

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

554: 81 Units in 3 Years: All On-Market with NO Bank Loans w/Cody Davis Jan 06, 2022

Profitable on-market properties are all around you, you just need to take the time to look. Oh, we hear what you’re saying, “all those on-market properties are bad deals!” While not all properties sitting on the MLS are home runs, today’s guest Cody Davis can confirm there are multiple cash flowing needles in the public housing market haystack.

Cody and his partner have been able to grow their portfolio to eighty-one units, all through seller financing and all found on-market. These deals not only cash flow but once paid off will allow Cody to retire not only himself but his mother as well. Did we mention that he’s twenty-one years old at the time of this recording? Another under-thirty-expert to add to our list of impressive guests!

While many investors give up after initial pushback over seller financing, Cody goes one step further by having the investor emotionally invest in his success. No tacky sales methods or pushy conversations—just honest work with a clear vision that a seller can relate to. Cody is top of his class in terms of managing properties, acquiring new ones, and working with sellers—a guest ANY investor can learn a lot from!

In This Episode We Cover:

Picking yourself up after a deal falls apart and finding another

“Relationship marketing” and how it helps sellers finance your acquisitions

Raising private capital and being sure your cash flow outweighs your debt

Having a crystal clear vision and using it to fuel all your acquisitions

Why cap rate may be an over-hyped, often useless metric when looking at commercial real estate

Finding real estate deals on-market when there are “no deals to be found”

And So Much More!

Links from the Show:

MLS (Multiple Listing Service) Website

LoopNet

The Office (TV show)

The Office Parkour in YouTube

AppFolio Property Management

Tiktok

Click here to check the full show notes: https://www.biggerpockets.com/show554

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

553: BiggerNews January: Our Top 5 2022 Housing Market Predictions w/David Greene & Dave Meyer Jan 04, 2022

It’s the new year, and that means it’s time for 2022 housing market predictions! Recently, Redfin compiled a list of their ten top 2022 housing market predictions ranging from things like interest rate bumps, to rent hikes, housing price cooldowns, and more. But, are these predictions realistic, and if so, how should investors prepare for them to come true?

David Greene and Dave Meyer are back again to take a look at five of these ten predictions and give their informed, battle-tested opinions on which have the potential to come true. Dave has spent probably every day of the past year looking at housing market data and investing himself. David on the other hand has been running multiple businesses in the real estate vertical, allowing him to see directly what is happening in the market.

With the Dave-duo back in the podcasting saddle, you’ll be able to make wiser investment decisions this year while following the “pendulum swing” of wealth-building in real estate!

Have a happy, healthy, and wealthy 2022!

In This Episode We Cover:

What happens when interest rates start to rise in 2022?

Will new listings hit a 10-year high as housing demand stays steady?

What will rent hikes look like as inflation roars onward?

Whether or not investing in condos could be the underrated real estate play of the decade

Investing in the metaverse and buying virtual real estate

Hedging inflation by making smart, informed real estate purchases

And So Much More!

Links from the Show

Submit Your Questions to David

Dave Ramsey's Website

BiggerPockets Podcast on Apple

Email Us: podcast@biggerpockets.com

Check the full show notes here: https://www.biggerpockets.com/show553

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

552: Kicking Off 2022 with Goal Setting and Live Q&A w/ David Greene Jan 02, 2022

2022 goals are coming upon us. If you haven’t done so already, it may be a great time to sit down alone, with your partner, or with other fellow investors to come up with a rock-solid game plan for this next year. We all want toacquire more units, see higher appreciation, and rake in more cash flow, but without a system and plan to catapult momentum, it’ll be hard to achieve what we dream of.

That’s why David Greene, your new head host of the BiggerPockets Podcast, is here to help you build smart, scalable, accomplishable goals so you can crush 2022 and beyond. David also invites fellow investors, business owners, and entrepreneurs onto the show to have a live Q&A about running a business, cash flow vs. appreciation, developing an investor mindset, dealing with past goals you haven’t accomplished, and accelerating your portfolio growth.

In This Episode We Cover:

David’s 2022 investing, business, and personal growth goals

How to not get bogged down in the day-to-day of your business

Keeping up the momentum throughout the year and celebrating small wins

Where to invest if you’re looking for long-term cash flow

What to do if you don’t hit your goals in 2022?

How to grow your portfolio and build capital to tackle more deals

And So Much More!

Links from the Show

BiggerPockets 2022 Wheel of Life

Click here to check the full show notes: https://www.biggerpockets.com/show552

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

551: Brandon’s Final Episode: Life Beyond Real Estate, w/ David Greene and BiggerPockets Founder Joshua Dorkin Dec 30, 2021

Brandon Turner has been an essential part of the real estate investing community for almost a decade. Some could say that he is THE person most thought of when you say “real estate investing”. But, in a both sad and happy way, Brandon is taking time off from the BiggerPockets Podcast to spend more time with his family, build his business, and surf significantly more.

Due to the magnitude of the occasion, we brought in BiggerPockets’ founder, Joshua Dorkin, to help hand off the keys to the castle to your new show host, David Greene. Brandon, David, and Josh spend this show talking about burnout, identity, the cost of comparison, wealth building, new year's resolutions and goals, and how to become a better person, bit by bit, every day.

We will miss hearing Brandon’s metaphors, jiu-jitsu references, and real estate horror stories from years ago, but we wish him the best of luck on his new ventures and hope to hear him back on the podcast soon with an update. For everyone but Brandon, stick around for new show formats with brand new co-hosts and content that you, the BiggerPockets community, have been asking for.

In This Episode We Cover:

Why burnout can be dangerous and often deceiving on your journey to success

Separating your identity from your occupation and being more than just an investor

The cost of comparison and why being content is the ultimate sign of success

The “Wheel Of Life” practice to help you analyze where you are lacking

2022 goal setting and resolutions, and whether or not they work

Advice on podcasting and taking the reins from Brandon Turner and Joshua Dorkin

And So Much More!

Links from the Show:

BPCON 2021

Hustle & Persistence To Build Wealth Through Real Estate | BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene

BiggerPockets Podcast 421: Family Over Everything: How Life Forced BP Founder Joshua Dorkin to Reevaluate His Choices

BiggerPockets Podcast 092: No (and Low) Money Down Real Estate Investing with Brandon Turner

The 'Birds Aren't Real' Conspiracy Movement

Derek Sivers' Website

Live with Kelly and Ryan

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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

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

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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

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

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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

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

BiggerPockets on Itunes

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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

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:

Cashflow Board Game

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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

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

Chasing Freedom Website

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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

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 Pro Membership - Use discount code: podcast21

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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

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

BiggerPockets Podcast 537: 10 Best Books for Real Estate, Health, and Wealth

Universal Music Group

Myspace

The One Brokerage - The David Greene lending team

Check the full show notes here: http://biggerpockets.com/show542

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

541: BiggerNews December: Zillow Quits Flipping, Inflation News, & "Power Buyers" Dec 07, 2021

Will inflation sink real estate? Is Zillow out of the iBuyer game? And why does my cash offer mean less than it did last year? Dave Meyer, VP of Data and Analytics at BiggerPockets, has heard your questions through BiggerPockets forum posts, YouTube videos, and on Instagram. This data-loving sandwich connoisseur is back to walk you through the biggest stories in real estate.

As incredible as Zillow Offers was, it looks like it won’t be around any longer (at least for a while) since having a half a billion-dollar loss in Q3 of 2021. With Zillow’s exit from the iBuyer and flipping market, other big players like Opendoor and Offerpad have come in to fill the gap. But, what about the new “Power Buyers” in the market? Will they help or hurt real estate investors?

We’ve also seen a run-up in inflation over this past year, causing home prices to artificially soar (especially when paired with low interest rates). So what is the best move for a real estate investor to make in today’s market? Take advantage of low-interest mortgages and all-time high rent prices, or wait for a supposed housing market crash or correction?

In This Episode We Cover:

Why Zillow cut their losses and exited the iBuying arena

The new “Power Buyers” in the housing market and how they could help investors like you

What a 30-year high inflation rate means for asset prices

How to take advantage of record-low interest rates for long-term cash flow

The cities in the US with the highest growing rent prices

What to look for in a rental depending on your estimated retirement age

And So Much More!

Links from the Show

BiggerPockets Podcast 480: Making $200k a Month After Being on the Verge of Bankruptcy

Check the full show notes here: http://biggerpockets.com/show541

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

540: Cop Salary to $300 Million in Real Estate w/ Whitney Sewell Dec 05, 2021

How do you build massive wealth while keeping your passions, family, faith, and bank account intact? Successful real estate investors will tell you the same thing: you need to automate and systematize to make time for it all, and they aren't kidding. Whitney Sewell was working as a cop when he got his start in real estate. Looking at his $35,000 salary, he realized that the long hours and tiresome, but enjoyable work, wouldn’t allow him financial freedom.

Whitney wanted more time with his kids, his wife, and his beloved horses. So, he started attending every real estate conference he could go to, networking with anyone who owned any amount of real estate. He hired a performance coach, built a successful podcast, and flipped his limiting beliefs on their head, so he could tackle big deals.

In only three years, Whitney built a real estate empire with over $300M assets under management. Part of his personal profits are donated to help adopted children and those who need adoptive parents. Whitney talks about how his faith and social goals have played a huge part in his real estate and how doing good must be the driving force behind wealth accumulation.

In This Episode We Cover:

Why it’s important to “overcommit” if you really want to succeed in real estate

The “most dangerous book to reach on a beach”

Why your network is your net worth and pushing yourself to connect with other like-minded investors

Why wealth and faith don’t need to contradict each other

Giving yourself the “thinking time” to spawn new, ingenious ideas

Outsourcing and upgrading your business so you can make more while loving life

And So Much More!

Links from the Show

BiggerPockets Pro Membership - Use discount code: podcast21

BiggerPockets Books by Brandon Turner

The Official BiggerPockets Facebook group

BiggerPockets Podcast 401: Follow these Steps to Get People to Know, Like, and Trust You with Jordan Harbinger

BiggerPockets Podcast 227: From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless

Harley Davidson

Straight Path Horses Website

Click here to check the full show notes: https://www.biggerpockets.com/show540

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

539: How to Get Your First, Second, or Next Rental Property Dec 02, 2021

If you’re looking to buy your first (or next) rental, you’ve come to the right place! BiggerPockets was founded to help real estate investors network, build their skills, and grow their portfolios. In today’s episode, master of multifamily and all things rental-property related, Brandon Turner, shares how you can build momentum and get your next deal under contract.

By overcoming the three roadblocks of real estate investing, you’ll be able to scale your portfolio to heights you’ve never imagined. Achieve financial freedom or surpass it entirely with intelligent, consistent investing so you (and your family) can live a life you love.

If you’re ready to get started, grab your notepad and pen. Brandon is about to show you why your next investment property is within reach!

In This Episode We Cover:

How to get your first (or next) real estate deal under contract

Defeating the three roadblocks of real estate investing and using them to grow a sizeable portfolio

Why the first few deals matter (and why they definitely don’t)

Using daily consistent action to build a system that works on your behalf

Why most people want to invest in real estate but never do

How to analyze a rental property deal in five minutes (even if you’re brand new!)

And So Much More!

Links from the Show

BiggerPockets Pro Membership - Use discount code: podcast21

BiggerPockets Books by Brandon Turner

BiggerPockets PRO Exclusive videos

The Official BiggerPockets Facebook group

BiggerPockets Podcast 437: How Your “Worst Case Scenario” Can Set You Free From a Job You Hate with MarieForleo

Doug Nordman's LinkedIn Profile

Joshua Dorkin's Website

BeardyBrew Coffee Website

Dave Meyer’s Blog Content

Check the full show notes here: https://biggerpockets.com/show539

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

538: Find the Real Estate You Hate (So You Can Buy the Real Estate You Love) Nov 30, 2021

Not everyone will love commercial investing, mixed-use buildings, flipping houses, BRRRRing, or even traditional buy-and-hold rentals. But you’ll probably find one type of real estate class that you absolutely love. It may take you some time, but if you’re able to find a property type that sparks your creativity, all while providing positive cash flow, you’ll know you made it.

Katie Neason definitely didn't love government-subsidized rentals. She dreaded the phone calls, the repairs, and the unresponsive tenants. Katie thought that upgrading her investing strategy to multifamily housing would solve the problems. Unfortunately, after buying some fourplexes, she realized that too wasn’t for her.

After trial and error, Katie found her true real estate loves: flipping, developing, and mixed-use buildings. So, she went into all three and is doing phenomenal! Katie shares a special Deal Deep Dive where she walks through a degraded downtown building that is now the talk of the town due to her smart negotiating, creative redesigns, and ability to use her network to fund the deal!

In This Episode We Cover:

Why it’s important to find the real estate classes you truly enjoy working on

Understanding the positives and negatives that come with subsidized housing

Revitalizing a downtown through smart planning, designing, and financing

Taking action so you can achieve “hockey stick” growth in real estate

Working with the city so you can collectively build something that adds value to the community

How to negotiate so both the buyer and seller walk away with a win

And So Much More!

Links from the Show

The Self Storage Conference

Maui Masterclass with Brandon Turner and Tarl Yarber

Noah and Jeff's Episode (coming soon!)

BiggerPockets Podcast 511: Getting Your Market, Money, and Mindset Right | 3 Coaching Calls!

How to Invest in Real Estate—The Ultimate Show for Getting Started with Josh Dorkin, Brandon Turner, and 11 Rockstar Investors

BiggerPockets Webinar

JDC Mindset Academy

Audible

BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming

BiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!)

Josh Dorkin's Instagram

Check the full show notes here: https://biggerpockets.com/show538

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

537: 10 Best Books for Real Estate, Health, and Wealth Nov 28, 2021

Sometimes the best real estate books aren’t about real estate at all. Or at least, that’s what Brandon and David found out. After rummaging through their bookshelves, Brandon and David decided to give listeners their top ten books that allowed them to reach financial, spiritual, and personal success. Some of these books include classics you’ve heard mentioned on the show before, while others are centered more on human happiness, problem solving, or relationships.

What’s important to know is that these books can help anyone, no matter what stage of the investing journey they’re in. Whether you’re a veteran or rookie, reading a simple concept, sentence, or quote can fundamentally shift how you think about life and investing. Brandon also runs through a dozen more book recommendations at the end of this episode, so if you’ve already read through the top ten, hang around for that!

In This Episode We Cover:

Brandon and David’s top ten book list (for any type of investor!)

Understanding the different parts of the brain and using it to build better arguments and strengthen relationships

Tweaking the “rules of the game” you’re playing in relation to wealth and happiness

Taking on extreme ownership and using it to become a better leader

Developing confidence and how to do so when you’re feeling lost

Communicating more effectively and allowing others to see through your perspective

And So Much More!

Links from the Show

BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming

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

https://www.biggerpockets.com/show537

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

536: How to Get 'Unstuck' | Coaching Calls w/ Brandon Turner Nov 25, 2021

Real estate investing can feel complicated, even when you’re doing well. There’s usually a time when every investor hits an invisible wall and moving on to the next deal, partnership, or business can feel like a slog. When this happens, it’s a good idea to lean on experienced investors who have been through these waves of success, failure, and stagnation.

Brandon Turner, host of The BiggerPockets Podcast, is back with live one-on-one coaching calls with three different investors, all experiencing some form of investor paralysis. Brandon talks to Mike who’s having trouble letting go of control on rehabs, Stephanie who’s had past success but can’t pick her next move, and Sterling who wants to build organic relationships with sellers.

These three investors are in three completely different parts of their real estate investing journey, but all share some of the same headaches. Brandon walks each of them through their predicaments while illuminating some paths forward that could yield them more money, less headache, and a larger portfolio.

In This Episode We Cover:

Always thinking of yourself as “the general” and not a foot soldier in the war

Prioritizing time with family over simple outsourceable tasks

Why real estate investors need to go “a mile deep” to survive in 2021 (and beyond!)

Building organic relationships with off-market sellers

Systematizing an outreach network and drip campaign that allow deals to come to you

And So Much More!

Links from the Show:

Joe Fairless' Best Ever Conference Website

BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming

BiggerPockets Podcast 409: Giving Yourself Permission to Go BIGGER: the “Bluefishing” Mentality with Steve Sims

Brandon Tuner's TikTok

Check the full show notes here: https://www.biggerpockets.com/show536

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

535: Keep, Refi, or Sell and Scale? | Live Portfolio Analysis Nov 23, 2021

On today's show: a coaching session with David Greene and the winner of a charity auction at BPCon, Carla Holmes from Yellow Square Properties.

Carla is a long-time investor and rookie to commercial investing. She's been cautious with her real estate investing and never took on debt after she went through foreclosure during The Great Recession. Now, she sits on over a million dollars in equity, spread across multiple properties in the Carolinas. Her recent acquisition is a 4.5-acre commercial property that she’ll convert into a parking lot for big rigs in her area.

Since this is a brand new real estate class she’s entering into, Carla wants to be absolutely sure she’s crossing all her t’s and dotting her i’s. David walks her through a live analysis going over the hurdles, work, expenses, and income that this property will bring in. He also helps Carla debate whether selling, refinancing, or keeping her current properties is best based on her one-year financial independence goal.

In This Episode We Cover:

How to analyze a commercial property from scratch with limited property information

Identifying the drawbacks and new potential income stream opportunities on a property

Why so many frugal investors avoid debt, even if it could be of benefit to them

Why you shouldn’t “hit the cones” when investing in a new real estate class

Thinking multiple steps ahead when making a move in real estate

And So Much More!

Links from the Show

BiggerPockets's Instagram

Check the full show notes here: https://www.biggerpockets.com/show535

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

534: Seeing Greene: Should I Buy Now or Wait for a Market Cool-Off? Nov 21, 2021

Welcome to another episode of Seeing Greene! That’s right, David Greene is back with more real estate answers, some brand new metaphors, and basic Jiu-Jitsu knowledge for the new and experienced real estate investor. In this episode, we’re taking ten questions from BiggerPockets listeners, investors, agents, and rookies looking to build wealth through real estate.

David discusses topics ranging from investing out-of-state vs. in-state investing, whether cash flow or appreciation is a more important metric to track, and how to accurately value a property when using more than just data and numbers. David also gives advice on building systems within your business to help you get more deals, and making your investing machine much more scalable.

This episode has questions from non-investors, rookies, and veterans so no matter what stage of investing you’re in, David answers a question for you!

Have a question you want David to answer on the next Seeing Greene episode? Submit your video submission at Biggerpockets.com/david.

In This Episode We Cover:

The spectrum of investing and why you need to seriously consider cash flow vs. appreciation

Why waiting on the sidelines may lose you more money than investing in a hot market

Using more than just numbers and data to analyze a potential deal

How to return profits to investors and whether an equity or debt split is best

Systematizing your deal flow and taking advantage of CRMs (customer relationship management)

How agents can build their reputation in areas with far higher commission checks

What to do if you feel like you don’t have any valuable skills

And So Much More!

Links from the Show

Biggerpockets.com/start

Submit your questions

BiggerPockets Podcast 322: 3 Things Every Leader MUST Do to Scale with Ben Kinney

Brivity CRM

Click here to check the full show notes: https://www.biggerpockets.com/show534

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

533: No Tenants, Toilets, or Trash? It's Possible, Through Self Storage w/ Paul Moore Nov 18, 2021

It’s easy to get caught up in the world of residential real estate investing. Maybe buy a single-family buy-and-hold deal, or try and flip a house, or why not BRRRR? But, residential real estate comes with many challenges: complicated evictions, clogged toilets, a noisy tenant in your upstairs unit, and many, many more. But, there is an asset class you can invest in without toilets, tenants, or trash problems.

Paul Moore, author, capital raiser, and real estate educator joins us to talk about his newest obsession: self storage investing. Why self storage? Maybe it’s because nobody is living in the property, or that many existing facilities have HUGE value-add potential, or maybe it’s the tax savings, or the ability to increase equity by hundreds of thousands, if not millions, seemingly overnight.

There are so many reasons why self storage investing could be one of the greatest yet rarely spoken of assets in the world of real estate investing. Wondering how you can get started in this high-profit, low-maintenance investing world? Grab Paul’s new book, Storing Up Profits!

In This Episode We Cover:

Why commercial real estate allows you to build wealth faster, smarter, and with scale

The four strategies you can use to build your self storage empire

The massive tax-saving strategies you may be missing out on

Looking for value-add that’s hidden in plain sight

The seven paths a new investor can take to get started in the self storage industry

Income opportunities that could turn thousands in revenue into millions in equity

And So Much More!

Links from the Show

BiggerPockets Podcast 285: 3 Reasons Multifamily Rentals Might Be the Perfect Investment with Paul Moore

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

Paul Moore’s Blogs in BiggerPockets Blog

J Scott's Personal Website

Tarl Yarber's BiggerPockets Profile

Gary Keller

Jeff Bezos

Tom Wheelwright's Personal Website

Check the full show notes here: https://biggerpockets.com/show533

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

532: Is 2022 the “Perfect Storm” For Multifamily Investing? | J Scott Takeover Nov 16, 2021

If you own a single-family rental or a portfolio of single-family rentals, the world of large multifamily may seem scary to you. There are so many more tenants and units, there’s a different financing structure, and what about finding the deals? At some point, many investors make the jump into the world of multifamily, and they rarely look back. One of our own, J Scott, did the same when he offered a year's worth of work for free in order to learn the multifamily game.

Joining him today are multifamily syndicators and thought leaders Ashley Wilson, Brian Burke, and Joe Fairless. Together these four investors manage over two billion dollars worth of multifamily real estate. And just like many listeners, they at one point started at zero.

J uses this episode as a multifamily roundtable, asking each of these veteran investors about the state of the housing market, where to invest, how to plan an exit, which strategies they use when investing, and how rookie investors can get started. Regardless of your unit count, experience, or real estate skills, all these investors believe that with some hard, creative work, you too can succeed in multifamily!

In This Episode We Cover:

Why 2021 was the “perfect storm” for multifamily (and whether or not it will continue)

Cap rate and why it isn’t as great of a metric as most investors think it is

Creating an entrance and exit plan for a large multifamily deal

Finding the “value-add” that will make you and your investors more money

How to analyze a multifamily market using a number of demographic metrics

Transitioning from single-family investing to multifamily success

Growing relationships with owners, brokers, and multifamily vendors

And So Much More!

Links from the Show

Matthew McConaughey University of Houston Speech

UHaul

Joe Fairless's Podcast

Check the full show notes here: https://biggerpockets.com/show532

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

531: Can’t Find a Deal? Here's How to "Make a Deal" w/ Daniel Harvey Nov 14, 2021

Real estate zoning allows those with a keen eye, creative mind, and delayed gratification to transform a once-vacant warehouse into a massively profitable multifamily deal. While this isn’t as easy as the simple buy-and-hold strategy of real estate investing, it can generate far more profit, equity, and appreciation than buying a single-family home or even multifamily buildings outright.

J Scott joins David Greene to talk with Dan ‘The Real Estate Man’ Harvey, who has been using this multifamily conversion strategy for years after he realized how many vacant commercial properties were being under-analyzed by investors. The tactic isn’t too complicated: find a commercial property with the right zoning, convert it into multifamily housing, stabilize, refinance, and do it again! Dan says that this strategy is a slight off-shoot of the ever-popular BRRRR strategy, but with FAR more upside.

Even if you know nothing about zoning, construction, or analyzing big deals, Dan will help you navigate how to do your first multifamily conversion in this episode. He even gives a direct callout to anyone who wants to help him and learn from his experience!

In This Episode We Cover:

Understanding the different types of zoning codes in your area

Finding the “best use” of a property and using that to siphon off maximum profit

How “By-Right” zoning allows investors to fully capitalize on a property’s best use

Calculating future rents and value of a property after a multifamily conversion

Combining residential and commercial space to eliminate vacancies on your property

Building a team and finding a mentor that will give you the knowledge to grow

And So Much More!

Links from the Show

Brandon Turner's BiggerPockets Profile

BPCON 2021

Robert Kiyosaki's Website

Click here to check the full show notes: https://www.biggerpockets.com/show531

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

530: Finding the “Hidden Gold” Most Investors Miss Both On & Off-Market Nov 11, 2021

Having limited lung capacity while playing college basketball seems almost impossible. But, like almost everything else in Nolan Gottlieb’s life, he pushed through it to accomplish his dreams. Hard work and determination are what allowed Nolan to step onto that basketball court, even with a severe physical disadvantage. The same determination is exactly what allowed him to close on nineteen units in just ten months of investing.

Nolan didn’t know anything about real estate; he couldn’t even describe what a mortgage was if you asked. But, as he ventured off the basketball court and became a real estate agent, he knew that agent commissions wouldn’t protect him and his family if he got sick again. He needed long-lasting wealth, passive income, and an ability to scale his success.

He started out partnering with a friend on a BRRRR. It went so well, he decided to tackle an off-market deal. Nolan was able to close not only on one off-market deal, but on a fourteen-unit apartment building as well, thanks to his six steps to find “buried gold” in his market.

In This Episode We Cover:

How to accomplish your goals, even if you start at a severe disadvantage

Why passive income sources far outweigh one-time profits

The six steps to finding profitable, undervalued off-market properties

Taking down a fourteen unit apartment building as a rookie

What appraisers look for when going through your property

Discovering your “why” behind investing in real estate

And So Much More!

Links from the Show:

BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming

BPCON 2021

Duke University's Blue Devils Basketball Team

Bobby Hurley's Wikipedia page

C.S Lewis's Website

Brandon Turner BiggerPockets Profile

Robert Kiyosaki's Website

Check the full show notes here: https://biggerpockets.com/show530

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

529: “Free Real Estate”, Negotiations, & Market Cycles | 'Takeover' Ep w Pace Morby Nov 09, 2021

Creative financing solves an important problem for almost every type of real estate investor. Don’t have enough cash? Try creative financing! No credit? Try creative financing! Ran out of conventional loans? You already know what we’re going to say...One of the most knowledgeable real estate investors around, who pretty much reinvented the subject to deal, is Pace Morby, and he’s here with us today!

Pace invites four guests onto the show to ask him their most burning questions about subject to deals, creative financing, legal protections when investing in real estate, and how to negotiate with a seller. Even if you’ve never thought of doing a creative financing structure, Pace may convince you that there’s good reason to be educated on them, as it could help you save thousands in closing costs and allow you to scale your portfolio much quicker.

In This Episode We Cover:

What are novation agreements and why they may be a great secret negotiating tactic
Whether or not today’s housing market shows similar signs to the 2007 crash
How to calculate profits for a potential buyer on a wholesale deal
Whether or not an LLC is necessary when buying rental properties or flips
The inexpensive team member that could help take HOURS of work off your plate
What to do when a seller won’t come down to your maximum offer
And So Much More!

Links from the Show

Check the full show notes here: https://biggerpockets.com/show529

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

528: 5 Questions to Ask EVERY Seller & Finding the “Bunnies” To Close the Deal Nov 07, 2021

Closing off-market deals is one of the best ways to start stacking your real estate portfolio, especially while the housing market is so hot. But, off-market deals often require cold-calling, which is something that makes many investors’ blood run cold. So, how do you talk to a seller in the most confident, comfortable, and competent way? You start by asking the five questions Pace Morby, master of off-market deal-finding and creative financing, has laid out.

These five questions were developed over years of cold calling and door knocking. They were specifically designed to walk a seller through a transaction, making them as comfortable as possible, allowing them to bring up their own limitations, and giving you the space to close if the deal fits. This is not your typical “call the seller and give them a cash offer” piece of advice. These questions run far, far deeper than that.

If you’ve wanted to try flipping, wholesaling, or even just off-market deal finding, this may be the perfect episode to listen to, as a veteran investor lays out the exact questions he used to close on 500+ off-market deals.

In This Episode We Cover:

Why every seller has their own “bunnies” and what you can do to find them

Asking questions that allow sellers to illuminate silent partners in the deal

Why you should NEVER tell sellers what is wrong with their property

Helping a seller create a story and allowing your offer to fuel it

Pulling out missing information when initially interviewing a seller

Going in for the close without becoming a pushy salesperson

And So Much More!

Links from the Show

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

Triple Digit Flip on A&E

Pace Morby Interviews Jerry Norton On How He'd Get His First Deal

Click here to check the full show notes: https://www.biggerpockets.com/show528

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

527: 300 Doors, 100% Creative Financing with Pace Morby Nov 04, 2021

Pace Morby’s name has become synonymous with seller financing, subject to deals, and flipping. He is one of the most educated players in the real estate game on all things related to non-traditional financing. He even taught Brandon Turner, the author of Investing in Real Estate with No (and Low) Money Down, a thing or two on today’s show!

Originally working as a contractor, Pace was hired on as a flipper for some popular iBuyer portfolios. He flipped over a thousand homes a year but was doing so without building any wealth for himself. This is when he began flipping his own homes and slowly, steadily building a portfolio of rentals that would provide him with the cash flow he desired. Did we mention he did this entirely without bank financing?

Since Pace is the go-to investor for all things creative financing, Brandon and David took advantage of his time on the show to ask him about subject to strategies, seller financing tips, and how he takes a seller from consideration to closing. If you’ve been wondering how to build your rental portfolio without down payments, credit checks, or preapproval from banks, this is THE episode to listen to.

In This Episode We Cover:

Outsourcing your business so you aren’t the driver of every deal

Structuring a subject to deal and using it to create a win for the seller

Why you shouldn’t be afraid to offer full price on a seller finance deal

The first phrase you should say to any seller when viewing their property

What to do when your “due on sale” clause comes to fruition

How to find work, meet investors, and grow your brand through social media

And So Much More!

Links from the Show:

BiggerPockets Podcast 493: How COVID Changed Real Estate Forever (+How it Didn’t!) with Ken McElroy

Triple Digit Flip on A&E

BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss

Equity Assurance

The Moth Podcast

Grant Cardone’s Instagram

Ken McElroy's Website

Pace Morby Interviews Jerry Norton On How He'd Get His First Deal

Chris Voss' LinkedIn

Freebies from this episode:

Pace's ebook on Subto

Exclusive seller video calls

Check the full show notes here: http://biggerpockets.com/show527

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

526: BiggerNews November: Congress's $40B Sucker Punch to Real Estate Investors (See Update!) Nov 02, 2021

[NOTE: Since this episode was recorded, some events have changed. We have updated the intro to the episode and the lead-in to our conversation with Jeff Watson to reflect those developments]

Inflation is big, scary, and in the news. With it comes the fear of sky-high home values, consumer goods falling in short supply, and cash positions becoming worthless overnight. With high inflation at our doorstep, we need to be smarter (and faster) when it comes to investing. Thankfully, for BiggerPockets listeners, one of the strongest hedges against inflation is real estate!

David Greene and Dave Meyer are back on another episode of BiggerNews to discuss not only the cause of inflation but how to protect yourself against it in this hyper-inflationary environment we find ourselves in. Both David and Dave harp on how important it is to start investing as soon as you can, taking advantage of low-interest rates and locked-in leverage that bank financing provides.

Jeff Watson, attorney and self-directed IRA expert, joins the Dave duo to talk about the proposed “Build Back Better Bill” and its consequences for real estate investors - which Jeff calls a “nightmare” for those who want to raise private money for deals. As noted at the top of this description – in the time since this episode was recorded, the sections of the bill affecting Self-Directed IRAs have been removed. We've added audio to the episode explaining those developments; we are keeping the content because it offers a glimpse into an issue that may crop up again on Capitol Hill in the future.

In This Episode We Cover:

What is inflation and how did America become an inflationary environment?

The main causes of inflation and whether or not it will affect you

Using debt to lock in low-interest-rate loans while rents continue to rise

The “Build Back Better Bill” and its consequences for all real estate investors

How this new bill would have potentially hurt ‘average joe’ investors while propping up hedge funds

Steps you can take to protect your assets

And So Much More!

Links from the Show

David Meyer's Instagram

BiggerPockets Daily Podcast

Brian Beaulieu of ITR Economics

Quest Trust Company

President Donald J Trump

Protecting IRA Investment Choice (Jeff's Document)

Summary of Changes Proposed by House Reconciliation “Build Back Better” Bill (Jeff's Document)

BiggerPockets Podcast 502: BiggerNews, September: Will Anything Slow Down this Housing Market? with Dave Meyer & Kathy Fettke

Check the full show notes here: http://biggerpockets.com/show526

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

525: Stop Planning Goals Around Results, Do This Instead w/ Geoff Woods Oct 31, 2021

Our perceptions of work and life have changed significantly over the past year. While we once had a clear distinction between the two, now, we have a blurred line barely separating them. For some, this has made their life more hectic, and for others, more clear. It’s now more important than ever to define where we’re going and why we’re going in that direction.

Joining David today is Mindy Jensen, host of the BiggerPockets Money Podcast, and Geoff Woods, host The ONE Thing Podcast. Many guests on the show have mentioned The ONE Thing for its simple, yet impactful message for team leaders and solopreneurs who have too much on their plates. Geoff has taken the message of this book and his organization to heart, allowing him to free up time, and live a truly extraordinary life.

Geoff unpacks exactly what it means to have intentional goals and live with purpose. He is very specific on defining what truly matters to your business, personal life, and internal values, and separates those things from the rest. Geoff also brings on Jordan and John, two business partners, one of which attended The ONE Thing Retreat last year, and talks them through their long-term vision, goal, and strategy.

In This Episode We Cover:

The importance of striving to live an extraordinary life in all aspects

How to become more purposeful in the areas of life that truly matter

Working through goal setting in partnerships, relationships, or solo

Why most people don’t reach their goals or set too attainable goals

Permitting yourself to dream big for a five, ten, or twenty-year vision

What you can expect at The ONE Thing’s 2021 Retreat

Why the purpose of a goal isn’t the result, but something far more meaningful

And So Much More!

Links from the Show

BiggerPockets Podcast 411: The Life-Changing Power of a Goal-Setting Retreatwith Geoff Woods

The 1 thing Website

The 1 thing podcast

The 1 thing Goal Setting Retreat Website

Click here to check the full show notes: https://www.biggerpockets.com/show525

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

524: 3 Sales Secrets That Will Help You Close Your First or Next Deal Oct 28, 2021

A decade ago, Chandler David Smith was a broke college student. After searching for jobs, he was given the opportunity to try his hand at door-to-door pest control sales. The first week went slow, and he wasn’t able to close on a single sale. But, by the end of the summer, he had crushed the rookie sales record and walked away with $96,000 worth of commission.

But now Chandler had a problem: too much cash and nothing to do with it. His friend’s father convinced him that real estate investing may be the best place to park his extra cash, so he did just that. Chandler bought a condo for $73,000. It wasn’t a great deal and he made some big mistakes, but it sparked a fire under him that allowed him to grow his portfolio to over three hundred units, through small multifamily, large multifamily, and self storage.

It’s no coincidence that Chandler succeeded in real estate with his sales background, since finding off-market deals, negotiating with sellers, and raising rents all require you to sell something to someone. If you can capitalize on some of these sales secrets that Chandler discusses, you may too have a far easier time locking down phenomenal deals.

In This Episode We Cover:

The verbal and visual cues that show a sales prospect you’re trustworthy

Why those that can handle rejection succeed not only in sales but in real estate

Following the “sales logic” of preface, feature, and benefit

The huge advantage of investors buying “mid-priced” properties

The differences between owning small multifamily, large multifamily, and self storage

Developing your property management team and using them to scale your portfolio

And So Much More!

Links from the Show:

Chandler David Smith's Youtube Channel: How Brandon Turner Changed My Life (Full Interview)

AJ Osborne Website

Tim Ferriss Website

Garrett Myers Instagram

Youtube

Check the full show notes here: https://biggerpockets.com/show524

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

523: Meet Max Maxwell: Broke at 30, Millionaire at 33 | 'Takeover' Ep w Nasar Oct 26, 2021

You wouldn’t know how far Max Maxwell has come at first glance. Looking at his Instagram, you’ll see private planes, a wealth of knowledge on real estate, and seriously shiny Rolexes. Not many people know that only a number of years ago, Max was broke, without enough money to fill up his car with gas, and sleeping at his mom’s house after ten years of failed businesses.

Max tried everything from running a property management company, to marketing, to managing a restaurant, and many other ventures. None of them truly stuck, causing Max to go from state to state, trying to find a successful business model that would make him wealthy.

Now, Max is well known as a master in wholesaling, rental property investing, and philanthropy. He has always made an effort to help those in need and even went to Ghana with today’s host, Nasar El Arabi. These North Carolinian investors have truly gone from rags to riches and have been able to find meaningful, lasting success through real estate investing.

In This Episode We Cover:

How to get your start in real estate investing without any money

Finding yourself at the bottom and pushing yourself up to the top

Finding, skip tracing, and marketing your first deal as a wholesaler

The “conveyor belt” system of off-market deal-finding

Why every great real estate investor MUST be able to spot good deals

Jumping into a new niche, even as an experienced real estate investor

And So Much More!

Links from the Show

BiggerPockets Podcast 522: From “No Comma Paychecks” to 7-Figures Using These 5 Skills w/ Nasar El Arabi

Real Estate Doru's Instagram

Real Estate Doru's Website

Real Estate Doru's Youtube Channel

Check the full show notes here: https://biggerpockets.com/show523

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

522: From “No Comma Paychecks” to 7-Figures Using These 5 Skills w/ Nasar El Arabi Oct 24, 2021

Nasar El-Arabi is a self-proclaimed “failure” when it comes to being employed. He wasn’t cut out for the banking industry, the call center, or the classroom. Some people aren’t meant to be employed, and Nasar was one of them. As soon as he was able to get his start in real estate investing, he realized that this was a path that could help him succeed, all while challenging him in ways the W2 world didn’t.

Nasar has been wholesaling, flipping, and landlording for over a decade. He has amassed a seven-figure net worth, due to his sweat, grind, and problem-solving. Nasar has put together his list of the five most important traits of any successful real estate investor. These traits aren’t what you’d hear at corporate, and they require those who are interested in investing to put in the time, energy, and creativity to thrive.

If you’re interested not only in real estate investing, but becoming a full-time investor doing what you love, make sure you pay careful attention to Nasar’s advice. While these aren’t traits you can simply switch on or off overnight, they are things that you can develop over the years you are investing, which can help you build wealth, reach financial freedom, and give you the life you’ve dreamed of.

In This Episode We Cover:

How to invest in real estate while making a median income

Diversifying your portfolio so you have multiple exit strategies and streams of income

Why every investor needs to “become a rookie all over again”

Using creative financing to structure deals that benefit the buyer and seller

Leveraging partnerships to find cash, divvy up responsibilities, and purchase more real estate

Owning a business and learning the skills that every leader needs to succeed

And So Much More!

Links from the Show

BiggerPockets Publishing

BiggerPockets Podcast 116: How to Quit Your Job Through Wholesaling, Flipping, and Taking Action with Nasar Elarabi

BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming

BiggerPockets Podcast 330: How to Ditch Distractions and Get WAY More Done With Cal Newport

Click here to check the full show notes: https://www.biggerpockets.com/show522

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

521: Leukemia & Bankruptcy to Retired with 250 Units in 7 Years Oct 21, 2021

People often tell each other to “stay positive” in light of grim circumstances or hard times. This consistent positivity can feel forced when going through something truly terrifying, but it’s exactly what helped Jeffrey Holst fight cancer, get out of bankruptcy, and retire in only seven years. Once Jeffrey committed to having no bad days, he was able to either change his day that was going poorly or see the positive in everything around him.

This philosophy helped him spur on new relationships, find new partners, and close on deals creatively. It was never “we can’t close on this” for Jeffrey, it was “how can we close on this.” He uses what he likes to call the “sideways eight” strategy that allows him to have infinite returns when investing, all while giving his partners and private lenders a sizable profit.

Jeffrey also talks about seeing the positive attributes of negative situations, and how he was able to leave his job as a lawyer and hit financial freedom due to his cancer diagnosis and later bankruptcy. If Jeffrey was able to dominate the multifamily market with an underwater net worth, think of what YOU can accomplish in the world of real estate investing!

In This Episode We Cover:

Buying properties without credit, money, or experience

Creative financing strategies that allow you take tackle bigger and better deals

Fighting cancer and using hard times to fuel your success

Managing a portfolio of two-hundred and fifty units

The “last life philosophy” and how it gives you a clear path to victory

Syndicating on a small scale to close multi-million dollar deals

Analyzing your market as a "boots on the ground" investor

And So Much More!

Links from the Show:

Carlton Sheets Real Estate Course Infomercial

Matt Faircloth's BiggerPockets profile

Tony Robbins' Website

Hal Elrod's Website

Four Reasons to Invest in Real Estate episode on the Old Fashioned Real Estate Show hosted by Brian Levredge and Jeffrey Holst

Feras Moussa of Disrupt Equity

BiggerPockets Podcast 488: From 4 Units to 2,000 and Why Large Multifamily “Isn’t So Scary

Whitney Sewell of Life Bridge Capital

BiggerPockets Podcast 004: Commercial Real Estate Investing With Frank Gallinelli

BiggerPockets Radio Podcast 002: Starting Out with Karen Rittenhouse – Subject To, Direct Mail, and Investing from a Woman’s Perspective

Generational Wealth with Dr. Tony Pennells episode on the Last Life Ever Podcast

Akamai Coffee Website

Mike Tyson's Website

Arnold Schwarzenegger's Website

Shaquille O'Neal's Profile

Richard Branson of the Virgin Group

Check the full show notes here: https://biggerpockets.com/show521

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

520: $47k/Month in Rent, 0 Doors Owned | Rookie Takeover w/ Rafael Loza Oct 19, 2021

The hosts look and sound a little different today. There are no beards and we haven’t heard one metaphor containing jiu-jitsu lingo... That’s because Ashley Kehr and Tony Robinson, hosts of the Real Estate Rookie Podcast have taken over the BiggerPockets Real Estate Podcast! Ashley and Tony regularly talk about how rookies can get their first (or next) deal, but today they’re combining expertise to talk about something more controversial: rental arbitrage.

Rental arbitrage is a form of subletting that allows long-term tenants to make massive cash flow off of short-term rentals. Someone who’s done this to an extreme is Rafael Loza. Rafael was working the night shift as his W2 job when he found out about short-term rental arbitrage. He sat on the idea for a few months, but ultimately tried out the concept on an apartment. This one apartment took home a massive profit, allowing him to quit his job and scale to fourteen units in just nine months.

Now, Rafael has twenty-four active units, all grossing thousands of dollars a month in rent for him. Back in March of 2020, Rafael was projected to bring in forty-seven thousand dollars in revenue in one month alone. But, the pandemic hit, forcing him to pivot, switch strategies, and take advantage of the flourishing short-term rental market. He has his sights set on ownership, but now he’s simply raking in the short-term stacks.

In This Episode We Cover:

Rental arbitrage and why it’s a low-cost way to get into real estate investing

Short-term cash flow vs long-term appreciation and combining the two

The startup costs it takes to create an arbitrage empire

How to pitch landlords on using their properties for short-term rentals

Negotiating leases and adding a subletting clause to any lease you undertake

Pivoting when your business hits a wall and combing back stronger

And So Much More!

Links from the Show

Real Estate Rookie Youtube Channel

Tony's Instagram

Ashley’s Instagram

The Real Estate Rookie Podcast

Vrbo

Clubhouse

Check the full show notes here: https://biggerpockets.com/show520

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

519: 5 Keys to Becoming a Millionaire on Less Than $100k Per Year Oct 17, 2021

You may know Ashley Kehr from the Real Estate Rookie Podcast, but you may not know that only a short time ago she was a rookie herself. Ashley started as a property manager for a local investor and slowly made her way from owning one property to owning thirty-three long-term rentals, a short-term arbitrage property, two commercial units, and one mobile home park. Quite a diverse portfolio!

What makes this even more impressive is that Ashley wasn’t coming into real estate with boatloads of cash. In fact, she and her husband have never collectively made more than six figures from their W2 jobs. So how does someone with a median income generate such a massive amount of cash flow, appreciation, and time freedom?

Ashley discusses the five fundamentals of real estate investing that led her to seven-figure net worth. These fundamentals can be used by anyone, at any stage in real estate investing, no matter their experience level. If you’re ready to supercharge your investing and go from rookie to rockstar, commit to the game plan Ashley has laid out!

In This Episode We Cover:

How to invest in real estate while making a median income

Diversifying your portfolio so you have multiple exit strategies and streams of income

Why every investor needs to “become a rookie all over again”

Using creative financing to structure deals that benefit the buyer and seller

Leveraging partnerships to find cash, divvy up responsibilities, and purchase more real estate

Owning a business and learning the skills that every leader needs to succeed

And So Much More!

Links from the Show

BiggerPockets Publishing

Real Estate Rookie Youtube Channel

Real Estate Rookie FaceBook Group

BiggerPockets Rookie Podcast

Tony's Instagram

Real Estate Rookie Bootcamp

BiggerPockets Podcast 348: Full-Time Job, Full-Time Mom, and Full-Time Wealth From Rentals with Ashley Kehr

BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming

Click here to check the full show notes: https://www.biggerpockets.com/show519

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

518: The Biggest Takeaways from BPCon 2021 | Live Host Panel from NOLA Oct 14, 2021

Marching along Bourbon Street last week was a parade with some of the best real estate investors in the world, celebrating another successful BPCon, ready to take on the world. Throughout the past week, attendees of the conference heard from world-class business leaders, investors, and authors, learning about everything from running a business to short-term rental markets, to self-storage, and more.

On this live episode, your hosts, Brandon and David, are joined by Scott Trench, host of the BiggerPockets Money Podcast, Ashley Kehr and Tony Robinson, hosts of the Real Estate Rookie Podcast, and Liz Faircloth and Andresa Guidelli, hosts of The Real Estate InvestHER Podcast, plus special guest Esther, who has a widely impressive portfolio herself.

You’ll hear the hosts talk about topics like how to connect with fellow investors, future trends influencing the real estate market, what’s working today (and what isn’t), plus a live version of the Famous Four and Fire Round.

If you weren’t able to make it to this year's BPCon, plug into this episode and get on the waiting list for next year!

In This Episode We Cover:

What’s ‘firing up’ the hosts of the BiggerPockets Podcast Network?

What investors can do in today’s market to ensure wealth tomorrow

Future trends that allow investors to profitably pivot

How BPCon helps connect investors, reshape ideas, and build wealth

How to vet partners before you go in on a deal with them

The top characteristics that contribute to your success as an investor

Why you should definitely be at BPCon 2022

And So Much More!

Links from the Show:

NPR (National Public Radio)

Kevin Leahy's BiggerPockets Profile

Mark Ferguson's InvestFourMore

Wendy Papasan's LinkedIn Profile

Noah Evans's LinkedIn Profile

Rickey Rodriguez's BiggerPockets Profile

Your First Real Estate Investment Podcast: How to Recover from the Great Recession and Leverage Creative Financing to Fund Your First Deal

Joe Asamoah's BiggerPockets Author Profile

AJ Osborne's Personal Website

Steve Rozenberg's BiggerPockets Profile

InvestHer's Partnership Question Guide

Meetup

Hal Elrod's Personal Website

Dave Ramsey's Personal Website

Cashflow The Board Game

Matt Faircloth's BiggerPockets Author Profile

The Real Estate InvestHER Community

Check the full show notes here: https://biggerpockets.com/show518

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

517: 5 Pitfalls When Buying These “Crazy Cash Flow” Properties Oct 12, 2021

Avery Carl is the go-to contact for short-term rental investing. Her business, The Short Term Shop and The Mortgage Shop not only helps find properties and secure loans for prospective short-term rental investors but also helps guide investors through their first vacation property purchase. While this type of property can be a cash flow king, it also takes more management and a bit more time upfront to get the system oiled and operating smoothly.

Since we last talked to Avery, she’s quadrupled her portfolio from twenty-something short-term units to ninety-six units, sixty-one of which are large multifamily properties. Avery gives an in-depth analysis on why short-term rentals should hold a place in every investor's asset collection, and the common pitfalls investors go through when purchasing their first short-term rental.

If you’d like to learn more about building wealth through short-term rental investing, grab Avery’s brand new book Short-Term Rental, Long-Term Wealth!

In This Episode We Cover:

Why having short-term rentals can help real estate investors mitigate risk

How Avery added over seventy more doors to her portfolio in under two years

The wrong vs. the right questions to ask when buying a short-term rental

The five things people need to avoid when making their first STR purchase

Why you may want to “bear-proof” your next cabin in the woods

Not being afraid to ask questions when investing

Why you should buy Avery’s new book Short-Term Rental, Long-Term Wealth

And So Much More!

Links from the Show

BiggerPockets Podcast 364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl

BiggerPockets Publishing

Check the full show notes here: https://biggerpockets.com/show517

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

516: Are You an Asset or Liability to Those in Your Life? w/ Earn Your Leisure Oct 10, 2021

Everyone knows that financial education is one of the most crucial things to teach children at a young age. It doesn't just set them up to be wealthy, but it gives them the tools to be confident, choose delayed gratification, and hopefully, impact another young person’s life one day. This is understood wholeheartedly by Rashad Bilal and Troy Millings, former financial advisor and school teacher.

What had started as a small classroom experiment in teaching children financial literacy turned into a media empire. Rashad and Troy shared their class teachings online, which pushed them to create a course for the kids, and later into the Earn Your Leisure podcast, where they talk about everything ranging from high-value financial concepts to sports to entertainment and more.

What keeps Rashad and Troy going is knowing that their work is allowing thousands of people to improve their life situations, whether children or adults. The duo not only talks extensively about the difference between financial assets and liabilities but about relationship assets and liabilities. This helps answer the question: who’s helping bring you up and who’s trying to keep you down?

In This Episode We Cover:

The importance of spurring on financial literacy for young kids

How to teach your children about money and examples you can use

The role that playing sports had in Rashad and Troy’s lives

Assets over liabilities and why you need to invest in relationship assets as well

Stocks, ETFs, multifamily, and cryptocurrency investments

Staying committed to your goals and following through

And So Much More!

Links from the Show

BiggerPockets Conference 2021

BiggerPockets Agents Finder

EYL Episode #63 Money Machine by Earn Your Leisure

Click here to check the full show notes: https://www.biggerpockets.com/show516

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

515: Your Step-by-Step Guide to Buying Out-of-State Investment Properties Oct 07, 2021

It’s not uncommon for investors to start out by buying properties in their home markets. It makes things like neighborhood research, rehabs, and tenant showings so much easier when you’re only a short drive away from your property. That’s how Dave Meyer, VP of Data and Analytics right here at BiggerPockets, feels.

Dave is currently living in Europe and has invested exclusively in Denver, where he used to call home. Now, as an entirely remote landlord, he’s seen the data on how many markets (like Tampa, Florida) are doing phenomenally for appreciation and rent increases. David Greene, out-of-state investor and the man who literally wrote the book on long-distance real estate investing is here to offer some much-needed council.

With David having the experience as an agent and out-of-state investor and Dave having robust housing data at his disposal, the two come up with some clear plans to invest in up-and-coming markets. David and Dave talk about cash flow, appreciation, wage growth, the investing “spectrum”, and why so many real estate investors aren’t planning far enough ahead.

In This Episode We Cover:

Cash flow vs. appreciation and which one matters most to you

Developing your investment strategy and picking markets where it works

Balancing the benefits of real estate investing and the investing “spectrum”

What makes a market appreciate and cause rents to rise?

What to do once you’ve found a great market to invest in

Questions you should ask every out-of-state agent and property manager

Where Dave and David are both looking to invest

And So Much More!

Links from the Show

BiggerPockets Conference 2021

BiggerPockets Agents Finder

BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone

BiggerPockets Podcast 250: Grant Cardone on Multifamily Investing and Why You Should Never Buy a House!

Check the full show notes here: https://biggerpockets.com/show515

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

514: BiggerNews, October: How Small Landlords Can Beat the Hedge Funds Oct 05, 2021

Once the housing market started to slide in 2007, smart investors began buying, and waiting, for rock-bottom prices to kick in. Investors were buying homes in some of the best markets for dimes on the dollar, and have seen massive profits whether keeping them as buy-and-hold rentals, BRRRR deals, or flips. While small investors started buying a couple of houses a year, institutional investors were doing far, far more.

Private equity funds, along with REITs and hedge funds knew that foreclosed homes were a steal, and their economies of scale made it even easier to turn these financially mismanaged properties into appreciation and cash flow kings. As institutional investors began fixing up these homes, listing them for rent, and later selling them, the entire market moved in an upward direction. Now, first-time homebuyers are competing with these economic powerhouses to lock down their first primary residence or rental property.

A man who has been covering this topic for years is The Wall Street Journal's, Ryan Dezember. Ryan has a keen understanding of what influences the housing market as a whole, why institutional investors are making the moves they are, and what this means for small mom-and-pop landlords. Dave Meyer also joins David Greene on this episode to discuss the ways small landlords can beat Wall Street at their own game.

In This Episode We Cover:

Why home prices dropped to the lowest point in 2011

How the pandemic gave institutional investors more buying power

Who are the “wall street buyers” that are buying thousands of single-family homes?

Why you should “find the tenant” before finding your next property

The “carbon monoxide” of investing that most investors aren't paying attention to

How institutional investors use economies of scale to rapidly rehab homes

What small investors can do to beat institutional investors at the closing table

And So Much More!

Links from the Show

BiggerPockets Conference 2021

Blackstone

BiggerPockets Show 515

Check the full show notes here: https://biggerpockets.com/show514

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

513: Seeing Greene: BRRRR 101 - Loans, Deals, & Cash Flow Oct 03, 2021

Welcome back to another episode of Seeing Greene with BiggerPockets Podcast host, top real estate agent, and BRRRR master himself, David Greene. Today’s episode touches on many topics that relate to the BRRRR strategy, ranging from financing, rehabbing, calculating cash flow, and where to find deals.

Since the BRRRR method is such a popular strategy among real estate investors, we thought it best to have an episode that touches on so many aspects of the BRRRR strategy itself. Not only has David written the book on BRRRR investing, but he also continues to do BRRRR investing in his real estate career. This strategy is not only one of the best ways to get into real estate with low (or no) money down, it’s also a method that works on building generational wealth for you in the background.

Have a question you want David to answer on the next Seeing Greene episode? Submit your video submission at Biggerpockets.com/david.

In This Episode We Cover:

Whether you should refinance a BRRRR in your personal name or an LLC

Using agents or wholesalers to find your next BRRRR property

Why some markets simply won’t cash flow (and why that isn’t necessarily a bad thing)

The minimum cash flow requirements for a multifamily property

Hard money loans vs construction loans when performing a BRRRR

How to get financing when your property is not a traditional rental or commercial building

And So Much More!

Links from the Show

BiggerPockets Podcast 501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions

BiggerPockets Podcast 487: 10 Common Real Estate Investing Questions Answered by David Greene

BiggerPockets Podcast 473: Quitting the Police Force, Wholesaling, & Buying Notes with David Greene\

BiggerPockets Podcast 512: From Losing $150k at the Blackjack Table to 7-Figure Profits in Real Estate

Click here to check the full show notes: https://www.biggerpockets.com/show513

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

512: From Losing $150k at the Blackjack Table to 7-Figure Profits in Real Estate Sep 30, 2021

Back in 2004, Jude Bernard was sitting at a blackjack table in Vegas. This wasn’t his first game of the day, nor his second, or even his third. Jude had been sitting at that blackjack table for thirty hours straight. When the final game ended, he walked away, $150,000 poorer than he started. Jude then found the closest tattoo parlor, walked in, and got the phrase “never again” tattooed on his hand as a testament to his mistake.

Now, Jude runs a rental and flipping empire, settling for no less than seven-figure profits on his fix and flips. He also runs The Brooklyn Bank, a non-profit designed to help economically empower people of color in New York City. Through his earlier gambling mistakes, Jude realized that no matter what, the “house” always wins. So, he searched for a way that he could become the “house” in his environment, and the best way was through real estate investing.

Jude has built a very strong foundation for his real estate investing through taking calculated risks, nurturing his relationships, and letting his fears fuel his fire.

Jude is currently raising money to help the people of Haiti through their most recent natural disaster. Brandon and David have both pledged $5,000 each. To help out, even more, Brandon wants all listeners to know that If you donate $5,000 to The Brooklyn Bank organization, Brandon will host you in Maui! For full details please contact Matt@odcfund.com.

In This Episode We Cover:

Purchasing properties in very expensive markets (like New York City)

Building relationships with everyone you talk to, funneling more deals into your pipeline

Making sure every deal has a seven-figure upside (seriously!)

Using your greatest fears to propel you to the next level

Gambling addiction and the message behind why the “house” always wins

How the Brooklyn Bank is helping build a pathway out of poverty

How you can spend a week with Brandon and help support a great cause

And So Much More!

Links from the Show:

BiggerPockets Podcast 455: Mixtapes to Millions in Real Estate with DJ Envy and Cesar Pina

The Brooklyn Bank

Brandon’s Maui MasterClass

Matt@odcfund.com

donations@thebrooklynbank.com

Check the full show notes here: https://biggerpockets.com/show512

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

511: Getting Your Market, Money, and Mindset Right | 3 Coaching Calls! Sep 28, 2021

So many BiggerPockets listeners are out there killing it in the world of real estate investing. But, with growth and positive change comes more and more questions. On today’s coaching call, David Greene talks to Carly, Michael, and Katie about three different problems that present three specific solutions.

Carly is trying to weigh the risk of investing in a declining market, Michael wants to shake off the “agent shame” that comes with lead generating as a realtor, and Katie wants to power her growth with more revenue and more cash flow. Each of these real estate professionals is in a different spot: one is a small-time landlord, one is a new agent, and the other is a fix and flip veteran. Even with completely different investment plans, all three of these investors are able to find simple, meaningful solutions when talking with David.

The topics touched on in this episode include creating an investment strategy, house hacking, finding the right property managers, growing your confidence, purchasing commercial real estate, and more. If you want to get in on the next call with David, click this link to apply!

In This Episode We Cover:

Should you invest in an area with a declining population but great cash flow?

How to mitigate your investment risk by purchasing a house hack property

Using referrals to find your next property manager

Putting your clients best interest first and showing confidence

Starting businesses in different verticals that can empower your current business

Turning your biggest expenses into revenue generators

Taking advantage of using a Key Principle on larger deals

And So Much More!

Links from the Show

BiggerPockets Wealth Magazine

Simplisafe

The BiggerPockets Bundle Giveaway

Submit your Question for David Greene to answer!

BiggerPockets Find an Agent

Keller Williams

Amazon Prime

Check the full show notes here: https://biggerpockets.com/show511

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

510: Work Less and Make More by “Working the System” w/ Sam Carpenter & Josh Fonger Sep 26, 2021

As an entrepreneur, you may be used to putting in hours of work learning new tactics, skills, and strategies. Your business rests on your shoulders, and why wouldn’t it, you’re the one who built it from the ground up. While it’s a commendable feat to build a profitable business, it can also be a prison sentence for many “hands-on” entrepreneurs. This is how Sam Carpenter, author of Work the System felt as he put in 110 hours a week just to keep his business afloat.

Sam realized why he was working so hard without seeing results: there were no systems in his business. Once he started implementing systems and processes, he went from 110+ hour weeks to 2 hour weeks. The same happened with one of his students and now partner, Josh Fonger, who runs Work the System Enterprises where he helps business owners from over 50 countries scale their businesses with far less headache.

If you’ve ever felt that your business relies on you too much to take a day off, take a vacation, or simply work less every week, these are the two guys you need to talk to. Josh and Sam were kind enough to take three live guest calls on this episode’s recording to help with their specific business problems. As all the guests are real estate investors and professionals, much of the advice may translate to your business as well!

In This Episode We Cover:

Why a system doesn’t need to (and shouldn’t) be complicated to design and implement

Reducing your time, effort, and energy spent on work

Understanding which systems need to be fixed or removed entirely front our life

How to stop playing “whack-a-mole” with your business processes

Why so many businesses fall behind after improving

Creating a sustainable solution that gives you (the entrepreneur) maximum freedom

And So Much More!

Links from the Show

BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors

BiggerPockets Books

BiggerPockets Podcast 137: How to Use Systems to Scale Your Real Estate Business with Sam Craven

Work the System Website

Click here to check the full show notes: https://www.biggerpockets.com/show510

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

509: Cars & Cashflow: Manny Khoshbin’s Story from Homeless to $1B Sep 23, 2021

If you scroll through Manny Khoshbin’s Instagram, you’ll see wealth, success, and a lot of very nice automobiles. You may look at his life and say “well, that must be nice”, but there is much more to Manny than Ferraris and private planes. A few decades ago, Manny was homeless, sleeping in a car with five other family members, simply trying to survive in America.

Manny’s dad wanted to protect his son from entering the military in Iran, so two weeks before Manny’s birthday, the family packed up and left for the United States. They were homeless for a couple of months but slowly were able to find jobs and scrape together some money. Manny worked at a swap meet, a K-mart, a multi-level marketing company selling snacks, and other various jobs.

As he was working he realized that the people driving the Porches, Lamborghinis, and Mercedes were all investing in real estate. After making money in his entrepreneurial endeavors, he bought his first commercial property. Now, two and a half decades later, Manny is sitting on a billion dollars worth of real estate. Oh, and did we mention he bought this all without syndicating?

In This Episode We Cover:

Manny’s “American Dream” story from immigrant to multimillionaire

Why commercial real estate is such a profitable investment

Value-add opportunities and flipping commercial real estate over the span of a few years

Which real estate industries are on the downward trend (and which to invest in)

The steps new real estate investors should take to make it big

Why Manny’s luxury cars are an investment, not just toys

And So Much More!

Links from the Show:

Books Mentioned in this Show:

Trump: The Art of the Deal by Donal Trump

Manny Khoshbin’s Contrarian Playbook by Manny Khoshbin

Driven: The Never-Give-Up Roadmap to Massive Success by Manny Khoshbin

Check the full show notes here: https://biggerpockets.com/show509

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

508: How to 10x Your Deal Flow Using "Evergreen Content" Sep 21, 2021

It’s tough out there. Between investors, agents, and wholesalers, everyone you know wants to get a home under contract. So what do you do when there is an influx of buyers and the same amount of sellers? Start building systems that can beat out your competition and will flow deals directly to you for years to come! Now we know what you’re saying, “I wish that were possible”, but it may be easier than you think.

Trevor Mauch, founder of Carrot, spent years manually chasing after deals. Cold calling, door knocking, direct mail, and every other method you can imagine; he's tried it. While these strategies work great for many people, they’re labor-intensive and incredibly hard to scale. Trevor looked at the marketing he was doing that WASN’T outbound and realized it wasn’t only creating leads for him, but doing so while he slept.

He then started building out Carrot, which helps set up agents, investors, wholesalers, and anyone else who wants off-market deals with websites that convert consistently every day. What sets apart Carrot from most “we buy houses for cash” websites is their “evergreen content” production. This content ranks you higher on google, gets sellers and buyers reaching out to you, and allows you to do less work and close on more deals.

Learn more about how to make this happen at carrot.com/pockets

In This Episode We Cover:

Getting out of the “hamster wheel” lead generation work

Outbound vs. inbound marketing and which requires less work from you

Why social media isn’t enough in this heavily digital age

Building your “authority hubs” so sellers or buyers can trust your business

Focusing on locations and niche markets to find more buyers and sellers

What Trevor thinks will happen in the housing market over the next few years

And So Much More!

Links from the Show

EP 246: How to Double Your Commissions Without Doubling Your Team w/ David Greene of Bigger Pockets [HYBRID Part 1]

Carrot Software Company

How to Get More Motivated Seller Leads (with no paid ads) Using 1 Proven, Simple Marketing Strategy (Free Live Workshop)

Check the full show notes here: https://biggerpockets.com/show508

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

507: Sacrifice, Failure and Pain, A 100 Days of Hell Success Story w/The Iron Cowboy Sep 19, 2021

Finishing a triathlon is a grueling achievement, only accomplished by those who are in peak physical and mental condition. Once finished, the top of the top go on to train for an Ironman, arguably the toughest triathlon on the planet. One hundred and forty miles of pain and pressure, broken up into a two-mile swim, a one hundred and twelve-mile bike ride, and a twenty-six-mile run. This is not a race for the faint of heart, and if you can finish just one, you have bragging rights forever.

What would it take for someone to finish not one ironman, not two, not ten, not twenty, but 100 consecutive Ironman races, back to back? Wake up, swim, bike, and run over one hundred and forty miles, go to sleep, and do it all over again. That’s what James “Iron Cowboy” Lawrence did, smashing through world records and personal goals.

James sits down with Brandon and David today to talk about mental toughness, creating goals that scare you, gradually working your way up to mastery, and asking “what am I willing to sacrifice to reach the end?” James had to run a business, take care of his seven-person family, and compete for more than a quarter of a year straight. If he can conquer one of the greatest physical and mental feats the world has ever witnessed, what’s stopping you from accomplishing your goals?

In This Episode We Cover:

Pushing yourself past the limit to see what you’re truly capable of

Breaking multiple world records and developing mental toughness

Why your goals should scare you enough to pursue them

Why you don’t need to 10x your output and the importance of small steps

Finding what you’re willing to sacrifice to reach your goal

Why every great athlete, entrepreneur, and leader needs a rockstar team

Choosing the person who “doesn’t break” under hard circumstances

And So Much More!

Links from the Show

BiggerPockets Perks

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

BiggerPockets Books

James “Iron Cowboy” Lawrence's Website

Click here to check the full show notes: https://www.biggerpockets.com/show507

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

506: Achieving Financial Freedom Through Small Multifamily Investing Sep 16, 2021

Financial freedom is attainable for all of us, but how fast we reach it differs greatly. You may be making $100 profit per month on each single-family home you buy, but what if you could multiply that profit? A duplex becomes $200 per month, a fourplex, $400, and a 16 unit apartment will net you a solid $1,600 per month. Now, it’s not a goal of buying 50+ single-family homes to reach financial freedom, it’s buying 10 or so small multifamily investments.

This simple mindset tweak can change your life and investing career forever, it certainly did for Brandon Turner, host of The BiggerPockets Real Estate Podcast and author of The Multifamily Millionaire. This pre-recorded webinar walks through the key benefits of investing in small multifamily, how to find and finance deals, risks to look out for, and scaling so you can go full-time in real estate.

There are tons of tips, tricks, and free giveaways (including discount codes) throughout this episode, and if you’re looking for visuals, head over to the BiggerPockets Youtube Channel to see the full slideshow!

In This Episode We Cover

How to reach financial freedom through small multifamily investing

The four key benefits of investing in multifamily properties

How to find deals (even if you live in an expensive area)

How to analyze your multifamily deals using the BiggerPockets Calculators

Financing your deals using FHA loans, conventional loans, and seller financing

Risks and dangers to look out for in your next deal

And So Much More!

Links from the Show

The BiggerPockets Bundle Giveaway

BiggerPocketsWebinar: How to Become a Real Estate Millionaire (presented by Brandon Turner)

BiggerPockets Podcast 463: How to Get Your First or Next Property (Step-by-Step) in 90 Days

BiggerPockets Webinar Replays

BiggerPockets Perks

BiggerPockets Multislides

BiggerPockets Books

BiggerPockets 7 Years to 7 Figure Wealth

BiggerPockets Pro Upgrade

Realtor

Multiple Listing Service (MLS)

Gary Keller

Email Your Questions: podcast@biggerpockets.com

Check the full show notes here: https://www.biggerpockets.com/show506

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

505: “Act Like You Have 100+ Units” | Coaching Calls w/ Brandon Turner Sep 14, 2021

You hear Brandon Turner’s voice quite often on the BiggerPockets Real Estate Podcast, but rarely is it heard advising new investors. Today, Brandon is taking on three live “coaching calls” with three investors, all in different stages of their investing career. Brandon and the guests talk through topics like scaling your business, branding your real estate company, and when the right time to hire is.

These investors have portfolios ranging from a few units to more than forty, making this an episode that any investor can listen to, no matter where they’re at in their real estate investing journey. This advice is hand-tailored for each investor, and comes from someone who has made it out of that “awkward teenage investing” phase.

In This Episode We Cover:

How to hire out property management when your portfolio begins to grow

Appealing to higher authority when you have to make tough decisions

Acting like you own the portfolio you’re trying to scale to

Branding your real estate company so people can trust you and invest with you

Starting your own meetup if you don’t find one that clicks

Understanding that “everything gets easier as you grow”

And So Much More!

Links from the Show

The BiggerPockets Bundle Giveaway

Mobile Home Park Investors with Jefferson Lilly & Brad Johnson

The Mobile Home Park Investing Podcast with Kevin Bupp

Pay Near Me

BiggerPockets Facebook Page

BiggerPockets Instagram

Are Your Tenants Unable To Pay Rent Due To Coronavirus? Here's What To Do! (Youtube Video)

Joe's BiggerPockets Profile

Email Your Questions: podcast@biggerpockets.com

Joe's Instagram

Joe's Facebook Page

Check the full show notes here: https://www.biggerpockets.com/show505

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

504: The Millionaire Formula: 10 Steps to Hit 7-Figure Net Worth (Part 2) Sep 12, 2021

Wouldn’t it be nice to be a millionaire? Sitting under a palm tree, relaxing, with plenty of money set aside for you. To be in that position you not only have to escape the rat race but pledge to live a life of continual improvement, always looking for ways you can be better. That’s exactly what Brandon Turner and David Greene did to reach their multimillionaire status and live a life of greatness.

In this episode, we continue listing the ten steps to become a millionaire, with a bonus step at the end. If you didn’t hearlast week’s episode, check out episode 503 for the first five steps mentioned by David and Brandon. This time, we talk about things like harnessing synergy, upgrading your social circle, quitting the things that hold you back, searching for continual improvement, and always giving back.

Think of becoming a millionaire less as a singular task and more as a continual journey. If you put in the work and follow these steps laid out by David and Brandon, you’ll have a high chance of becoming a millionaire (if not a multimillionaire) within the next decade. So get out there, meet people, make opportunities, and achieve the impossible.

In This Episode We Cover:

Getting on a team where your strength is amplified

Surrounding yourself with those who overachieve and push you higher

Finding a way to quit everything repeatable or assignable

Doing what others view as “hard” and pushing yourself to be great

Helping others upgrade their lives and giving back whenever possible

Taking advantage of this strong economy to tackle as much as you can

And So Much More!

Links from the Show

The BiggerPockets Bookstore

BiggerPockets Podcast 217: How to Work Less and Earn More Using the 80/20 Rule with Perry Marshall

Email Your Questions: podcast@biggerpockets.com

BiggerPockets Podcast 457: How Thinking 5 Moves Ahead Can Make You Millions with Patrick Bet-David

Click here to check the full show notes: https://www.biggerpockets.com/show504

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

503: The Millionaire Formula: 10 Steps to Hit 7-Figure Net Worth (Part 1) Sep 09, 2021

You probably know Brandon Turner and David Greene as multimillionaire real estate investors. What you may not know, is that a decade ago this was a very different story. Brandon didn’t grow up in a wealthy family, and by his 20s, had packed on about $20,000 of credit card debt while spending $1,000 more than he could afford each month. David grew up in a family where finances were a constant stressor, he later vowed to himself that he would never let money problems hurt him or the people he loves.

Now, both Brandon and David have made the long journey from rags to riches, and through investing in real estate they were able to pull themselves up by their bootstraps and reach financial independence. Today, we talk through the first five (of ten) steps that helped Brandon and David reach this financial feat.

This is a great episode to take notes on, as becoming a millionaire is close to impossible without following most, if not all of these steps. While this episode isn’t entirely focused on real estate investing, a large part of being a successful real estate investor is financial intelligence. Even if you’ve made mistakes in the past with investments, debt, spending, or any other financial lever, following these ten steps will give you a solid framework to stair-step your way into millionaire status.

In This Episode We Cover

How Brandon and David discovered their need for financial independence early in life

Thinking of money the same way you think about fitness and health

Reaching huge financial milestones, even if you started out with extra obstacles

Fighting lifestyle creep and never falling into the Ferrari trap

Building an income stream that is scalable, passive, and automated

The “stair-stepping” method that leads to massive wealth accumulation

And So Much More!

Links from the Show

The BiggerPockets Bookstore

Alan Corey

Gary Keller

BiggerPockets Podcast 500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming

BiggerPockets Podcast 447: Create Your Dream Life in 3-5 Years Using Vivid Visions with Cameron Herold

BiggerPockets Podcast 461: Defeating the “Enemy of Success” with Steven Pressfield (The War of Art)

YNAB (You Need A Budget)

Mint

Email Your Questions: podcast@biggerpockets.com

Check the full show notes here: https://www.biggerpockets.com/show503

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

502: BiggerNews, September: Will Anything Slow Down this Housing Market? with Dave Meyer & Kathy Fettke Sep 07, 2021

Welcome back to another episode of the BiggerPockets Podcast. Today, we’re trying a new format where David Greene and Dave Meyer bring on an expert in the real estate investing space and talk through all the market trends, legislature, and other factors influencing the housing market and economy.

As our special guest, Kathy Fettke from the Real Wealth Network joins us to talk about housing market predictions in 2021 and beyond, the eviction moratorium (and its effects after ending), and where investors should start looking for opportunities. We touch on economic concepts like supply and demand, how this market compares to 2007’s bubble, why millennials are soon to become the biggest buying cohort in America, and the underbuilding crisis that we’re currently facing.

If you’d like to request a topic for discussion or ask a question, send us an email at podcast@biggerpockets.com with NEWS in the subject line!

In This Episode We Cover:

Housing market predictions for 2021 and beyond

Comparing today’s high values to the values back in 2007

The eviction moratorium and the impact it had on mom and pop landlords

Understanding the difference between the dollar crashing and home values skyrocketing

When we will return to a more “normal” housing market

Why millennials face an uphill battle when trying to purchase homes

And So Much More!

Links from the Show

NMHC Rent Payment Tracker

Dave's Real Estate News

Email Your Questions: podcast@biggerpockets.com

Check the full show notes here: http://biggerpockets.com/show502

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

501: Seeing Greene: How Soon Can I Refi? + 11 Other Real Estate Questions Sep 05, 2021

We’re back with another episode of “Seeing Greene” with David Greene! Listeners and investors have submitted their questions via video and through the BiggerPockets Facebook Groups and BiggerPockets forums over the past month, we’ve compiled some of the best (and most frequently asked) questions so David can answer them live on air!

This episode goes over a handful of different topics with questions from agents, wholesalers, new home buyers, rookie investors, veteran investors, and others just trying to get into real estate investing. These questions are not only common, but crucial when trying to understand purchasing, structuring, and optimizing real estate investments.

If you want to ask David a question, click here to submit a video for David to answer on the next “Seeing Greene”! Want an answer right away? Head over to the BiggerPockets forums to get help from millions of other real estate investors, just like you.

In This Episode We Cover:

How to become a star agent in a brand new (or competitive) market

Should you use points to get lower interest rates?

How soon can you refinance a house purchased in cash?

What are some factors of a successful short-term rental?

How would David escape a triangle hold from Brandon Turner?

How do you structure partnerships?

And So Much More!

Links from the Show

BiggerPockets Wealth Magazine

BiggerPockets Bundle

Click here to check the full show notes: https://www.biggerpockets.com/show501

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

500: Robert Kiyosaki: America’s ‘Rich Dad’ Sees a Real Estate Crash Coming Sep 02, 2021

Robert Kiyosaki is arguably the most influential author in the finance, real estate, and investing space. His book, Rich Dad Poor Dad, has sold over thirty million copies and has been translated into forty different languages across forty different countries. Since its inception in 2002, Rich Dad Poor Dad has become almost every investor’s favorite book, prompting them to get out of the rat race, pursue financial independence, and teach them everything Robert’s “Rich Dad” taught him.

Robert has seen numerous housing cycles, including crashes, booms, and busts. His knowledge of micro and macroeconomics is astounding (to say the least) and he has some strong predictions for the future of real estate investing and the global economy as a whole. We talk about capitalism, marxism, communism, inflation, debt, assets, liabilities, and everything in between. This episode is not only crucial for anyone who is a fan of Robert’s books, board games, and videos but anyone who truly wants to learn the game of real estate.

As a general word of advice: Robert has some very strong opinions that he voices throughout this episode, and even if you disagree with any (or many) of them, it may serve helpful to listen to his full explanations of his takes. Robert has built an incredibly successful life, but started as a child of a financially dependent family, served in the marines during the Vietnam war, and has fought hard to keep capitalism alive and well in the United States, and abroad.

Be sure to grab Robert’s new book, Capitalist Manifesto, and thank you for joining us for the 500th episode of The BiggerPockets Podcast!

In This Episode We Cover:

Why Rich Dad Poor Dad remains a timeless classic in the investing world

Why Robert favors real estate, precious metals, and cryptocurrency above other assets

The difference between an asset and liability, and why so many Americans confuse them

Writing (and fighting) for freedom, prosperity, and wealth

Paying attention to the macroeconomic trends and using them to make smarter investing decisions

The assets that Robert is bullish on in today’s market

Why you need to love studying real estate to become successful

And So Much More!

Links from the Show

BiggerPockets Wealth Magazine

BiggerPockets Bundle

BiggerPockets Podcast 479: 10 Powerful Lessons Brandon Learned Building a $50M+ Rental Portfolio

Ray Kroc's Story

Dave Ramsey's Website

Cashflow Game

David's Guesting on Ken McElroy's Show

Ken McElroy's Website

Jordan Peterson's Website

Check the full show notes here: https://biggerpockets.com/show500

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

499: The Death of The "Entrepreneur”: Experience from an 8-Figure CEO Aug 29, 2021

Many people call themselves “entrepreneurs” nowadays. Essentially, anyone who can make some kind of income on their own is an entrepreneur, but there is a big difference between an entrepreneur and a business owner. While an entrepreneur can start businesses, a business owner can build, enhance, and delegate out a business. This is something that today’s guest, James Wedmore, is proficient at.

James’ experience in this field speaks for itself, he’s an 8-figure CEO, a highly sought-after coach for successful business leaders, and runs the Mind Your Business Podcast. He has a unique viewpoint when looking at growth, which allows many business owners to take a step back and think “what is truly achievable?”

James helps business owners grow their businesses into scalable, profitable, and successful operations. He focuses on building a “machine” that can run as a business, as opposed to a business owner doing 10+ different tasks, solely because they can. He also talks about the importance of having urgency in your product offering and giving your business what it needs to thrive, not just trying to extract what you need from it.

In This Episode We Cover:

The difference between entrepreneurs and business owners

Why so many business owners get bored of their business

Addressing the needs of your business and asking “what does it want from me?”

Letting go of technician roles in a business and delegating tasks

Getting rid of bad habits through mindful integrity

Forgiving yourself for mistakes, self-judgment, and blame

And So Much More!

Links from the Show

Mind Your Business Podcast

BiggerPockets Podcast 484: 3 Ways to Simplify Your Real Estate Investing with Brandon Turner

BiggerPockets Podcast 449: How Emails Are Constantly Destroying Your Productivity with Cal Newport

Click here to check the full show notes: https://www.biggerpockets.com/show499

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

498: Real Deal: BRRRR Deep Dive w/ Joe Asamoah (Pt 1) Aug 26, 2021

When most people think about section 8 housing, they think of run-down homes, troublesome tenants, and negligent landlords. This stereotype may prove true in some markets, but for Dr. Joe Asamoah, this is far from reality.

Joe has built his real estate portfolio by renovating homes to an incredibly high standard, situated in some of the best neighborhoods in the DC market, and all while under section 8 housing. Joe figured out early on that section 8 housing authorities gave much more rent money for houses with 5 bedrooms and up, so he started renovating to match the rent section 8 could provide him. This not only allows him to take home a sizable profit, but score tenants who will respect his homes as their own, and stay there for 15 to 20 years minimum. This is no joke, Joe has tenants who have been with him for two decades!

You’ll see a deep dive of Joe’s latest property in today’s episode, complete with pictures, videos, and other helpful visuals. If you’re only listening to this podcast, we’d highly recommend checking out the video version over on the BiggerPockets Youtube channel!

In This Episode We Cover:

What the “Big City BRRRR” strategy entails

How to control tenant turnover so you have ZERO vacancy

Using section 8 to take in higher rents

How to create a top tier product that attracts top tier tenants

Becoming the best landlord a tenant could ask for

Adding bedrooms, bathrooms, and getting permits for everything in between

And So Much More!

Links from the Show

BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah

Rookie Podcast 03: Coronavirus Crash? Do's and Don'ts from Recession Veterans Joe Asamoah and Steve Rozenberg

BiggerPockets Youtube: Big City BRRRR Strategy & Recession Proof Cash Flow Real Estate with Joseph Asamoah!

Check the full show notes here: https://www.biggerpockets.com/show498

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

497: Bigger Deals, Better Profits: 10 Steps to Your First Large Multifamily w/ Brian Murray and Brandon Turner Aug 22, 2021

We’re back for part two with The Multifamily Millionaire authors Brandon Turner and Brian Murray. This time, Brian is on the mic to give you the ten steps to purchase your first large multifamily property. You may be thinking that these ten steps sound too easy for such a large deal, but that is part of the advice that Brian gives.

Brian wants smaller multifamily owners or even single-family owners to know that buying a large multifamily property is just more volume, not a completely different skill set. If you own one or multiple units right now, you may have more skills than most to take down a 100-unit apartment building or a big mobile home park. The only thing standing in your way is the mindset.

This episode just scratches the surface of what’s possible in large multifamily real estate investing, the rest can be found in The Multifamily Millionaire Volume II. As a reminder, if you purchase before the end of August 2021, you’ll get a four-week multifamily masterclass, taught by Brandon Turner.

In This Episode We Cover:

Why chasing larger deals leads to larger profits

Understanding the skills needed to become a successful multifamily investor

Shrinking your criteria down to a micro-level, not just a macro overview

Starting (or investing in) syndications so you can get into bigger multifamily deals

Capital stacks, debt, and other types of financing when buying large properties

Why underwriting is more than just putting numbers into a spreadsheet

And So Much More!

Links from the Show

BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray

BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray

Discover the Multifamily Book bonuses

Click here to check the full show notes: https://www.biggerpockets.com/show497

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

496: Become a (Small) Multifamily Millionaire in 7 Steps w/ Brian Murray and Brandon Turner Aug 19, 2021

For the most part, Brandon Turner was able to achieve financial independence through small multifamily investing. This is why investing in duplexes, triplexes, quadplexes, and even 24-unit apartment buildings can be a fantastic learning experience and money maker for new landlords. But how do you get started if you’ve never bought a property before?

Brandon and his co-author of The Multifamily Millionaire, Brian Murray, walk through the seven steps to go from real estate onlooker to small multifamily master. We talk about everything from defining your criteria, financing, management, lead generation, and more. If you’re looking to build a portfolio of small multifamily properties that will allow you to break out of the rat race and do more of what you love (which may be large multifamily), make sure you not only listen to this whole episode but get Brandon and Brian’s new book!

This is a two-part episode series. In part one we talk about small multifamily and in part two we talk about large multifamily, both episodes have crucial information for anyone trying to get into the multifamily space!

In This Episode We Cover:

The difference between small multifamily properties and large multifamily properties

Financial independence vs. generational wealth and understanding which goal you have

Why you don’t necessarily need to start small in multifamily

Defining your crystal clear criteria and knowing what you want

On-market leads vs. off-market leads and the pros/cons of both

Financing small multifamily properties and house hacking

The “multifamily warp” that takes you from newbie investor to multi-millionaire

And So Much More!

Links from the Show

LoopNet

Mike Williams's LinkedIn Profile

Jason Drees's Coaching

Ryan Murdock's Instagram

Micah Cabagbag's Instagram

BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray

BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray

Check the full show notes here: https://www.biggerpockets.com/show496

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

495: The Science Behind Taking Risks (and Why They Definitely Pay Off) Aug 15, 2021

It often seems like the most successful people are the ones who take the most risks. There’s no surprise that at one point, billionaire entrepreneurs were given the choice to either stay where they stood or leap for something greater. This is something that today’s guest, Sukhinder Singh Cassidy, understands. She’s helped lead some of the biggest companies around like J Crew, Stitch Fix, TripAdvisor, and Urban Outfitters (just to name a few).

The one thing that Sukhinder has found throughout her years in Silicon Valley and through writing her new book, Choose Possibility, is that groundbreaking leaders don’t just take one big risk, they take several small ones. This works for real estate investors too. If you’ve just gotten into real estate investing education, the first step for you isn’t to go out and buy a house, it’s to join a meetup, contact an agent, or even join the BiggerPockets forums. These are what Sukhinder calls the “minimum viable choice”. Don’t worry about doing everything, just do something!

Sukhinder gives some great advice on leadership for those in executive business roles, plus how to find talent in this increasingly competitive market. If you’re just starting in your career, take Sukhinder’s advice and do great work for great people, the rest will fall into place.

In This Episode We Cover:

How Sukhinder’s love of entrepreneurship began

“Coconut events” vs. “subway events” (and how you can plan for both)

Embracing uncertainty and calculating your risks

Starting in Silicon Valley and building a strong reputation

Choosing to make the “minimum viable choice” whenever possible

How to know whether you’re managing others or having others manage you

What leaders and business owners can do to attract the best talent

And So Much More!

Links from the Show

Brandon and David’s Books

BiggerPockets Podcast 447: Create Your Dream Life in 3-5 Years Using Vivid Visions

BiggerPockets Podcast 407: Buying 100+ Houses/Year in 4 Hours/Week Using Teams, Traction, and (Get this…) TikTok

Choose Possibility Website

Click here to check the full show notes: https://www.biggerpockets.com/show495

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

494: The Five F-Words Every Real Estate Investor Needs to Master Aug 12, 2021

There’s a new three-peat on the BiggerPockets Real Estate Podcast, and no, it’s not Michael Jordan. Danny Johnson, the founder of Forefront CRM, is back with us on today’s episode to talk about the five F-words of real estate investing. Before you jump to conclusions, this is a family-friendly show, the F-words we’re talking about are fear, fundamentals, focus, funnel, and follow up.

Many investors find too few deals, too few motivated sellers, or too few ways to find financing. This is all being said while other investors are closing deals, finding motivated sellers, and getting the financing they need to pursue even more deals. What separates the two from each other? Often, it comes down to the simplest things.

Are you trying to be too creative or are you mastering the fundamentals? Do you know your metrics down to a tee so you can improve upon them? How is your funnel being filled and where are your leads coming through? If leads come through, are you following up or letting them fade away? And lastly, are you pushing past your fear to do any of the above things?

If you feel like you’re stuck, without much of a handle on your real estate business, feel free to try Danny's Forefront CRM!

In This Episode We Cover:

How to create time freedom in a business largely depends on your efforts

Tracking how your team performs their work and continuously improving

Pushing past fear and not allowing laziness to stop your dreams

Understanding the fundamentals and performing them as well as possible

Tracking and reviewing metrics consistently

Knowing the costs to fill your funnel and seeing every phone call as a potential deal

Following up with customers (without being too salesy or pushy)

And SO much more!

Links from the Show

BiggerPockets Podcast 018 : Flipping, Marketing, and Wholesaling with Danny Johnson

BiggerPockets Podcast 144: Getting Out of Your Comfort Zone and Kicking Butt at Real Estate with Danny Johnson

Check the full show notes here: https://biggerpockets.com/show494

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

493: How COVID Changed Real Estate Forever (+How it Didn’t!) with Ken McElroy Aug 08, 2021

It’s rare to find someone with the experience, knowledge, and downright friendliness of Ken McElroy, which is why we’re having him back on the show! This time, Ken breaks down some of the fundamental truths of real estate investing and how it can help you, as an investor, make more money, reach financial freedom, and live the life you were born to live.

Ken has been in the real estate game for decades, starting as a property manager in college, becoming a landlord with a sizable portfolio, then meeting Robert Kiyosaki and working on books, education, and systems with some of the biggest names in real estate. Ken has been through multiple market cycles, dozens of policy changes from the government, and made lots of money on many different types of deals. He has a unique experience that gives him a leg up on much of the new competition.

You’ll hear Ken’s thoughts on the “affordability crisis” we may be facing in the coming years, how short-term rentalsare changing the landscape of month-to-month rentals, and how an inexperienced investor can get started with “good debt”. Make no mistake, the lessons Ken talks through in this episode took decades to learn, but you can get them all in just over an hour!

In This Episode We Cover:

How COVID did (and didn’t) affect the market for real estate investors

Leveraging “good debt” so you can build your real estate empire

When prices of labor, lumber, and new construction will flatten

What the future of the real estate market will look like, and how landlords can benefit

Working with the system (government, tax codes, etc.) as opposed to working against it

Why great deals will always get funded (especially in today’s market!)

And So Much More!

Links from the Show

Brandon and David’s Books

Real Estate Rookie Bootcamp

BiggerPockets Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy

Get Ken McElroy's free e-book for BiggerPockets listeners

Click here to check the full show notes: https://www.biggerpockets.com/show493

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

492: Robuilt’s Tiny Houses That are Cashing in MASSIVE Profits Every Month Aug 05, 2021

Rob Abasolo, AKA Robuilt on Youtube, didn’t have a background in real estate, or construction, or hospitality, or really anything related to his current success. He did have drive, creative thinking, and the will to make something work when other people told him it was impossible.

Rob and his wife moved from Kansas City to Los Angeles, trading a $1,100 mortgage on a house for a $1,800 rent bill on a small apartment. Around this time, Rob started hearing about Airbnb and short-term rental hosting. So, he decided to buy a house, keep his apartment, and try his hand at some Airbnb arbitrage. It worked, and thus the short-term rental revenue model was proven!

Rob then started to Airbnb out the apartment attached to his new home. He was pulling in some solid income, anywhere from $2,000 to $3,000 a month. So what did he do next? He built a “tiny house” in his backyard for around $72,000 and began renting it out for up to $4,000 a month on Airbnb. That’s when Rob thought “what if I built ten of these?”

Now, four years later, that’s exactly what he’s done. Rob has a growing portfolio of short-term rentals all across the United States. From California to Texas, to Tennessee and beyond. But this isn’t the end for Rob. His new plans? Build a massive “glamping” compound on his newly acquired 50 acres of land in Gatlinburg!

In This Episode We Cover:

Airbnb arbitrage and the risk of always going after cashflow

Offsetting your mortgage with short-term (or long-term) house hacking

Airbnb regulations and making sure you’re allowed to host visitors

Building a “tiny house” and the cost associated with it

Funding your deals through HELOCs and partnerships

The new trend of “glamping” and why it may be a massive opportunity

And SO much more!

Links from the Show

Joshua Tree Harebnb Listing

American Horror Story

Turo

BiggerPockets Podcast 280: The Key to Making Great Deals (Hint: Overlooked Properties!) with Mark Hentemann (Writer for TV’s Family Guy!)

Check the full show notes here: https://biggerpockets.com/show492

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

491: 5 Rules of Health & Wealth to Become the Millionaire with a Six Pack Aug 01, 2021

Many of us have a story behind doing what we do. You may have been raised by parents living paycheck to paycheck, spurring you to chase financial freedom and create a better life. Or maybe you labored tirelessly at work to get a promotion or raise, simply to be passed up for someone else. For Adam Gilbert, founder of MyBodyTutor, his “why” is his father.

Adam looked up to his father all his life but saw the pain and distress he was going through when he had a heart attack, a triple bypass surgery, and was later diagnosed with multiple sclerosis. This forged a path for Adam that materialized in the health and fitness space. Adam knew that he never wanted to be “too tired” to play with his kids, spend time with his family, or pursue a passion.

As Adam has grown his business over the past decade and a half, he’s come away with many lessons that ring true for not only fitness enthusiasts but business owners as well. We talk through the five rules that Adam has put together for anyone to become healthy, wealthy, and mentally sound. While this is a mindset episode, you’ll be surprised with how many of these rules crossover almost perfectly into real estate investing.

In This Episode We Cover:

When to quit your full-time job and pursue your passions

Choosing daily consistent action over large infrequent actions

Why health is the ultimate productivity tool

Setting up “planned indulgences” and being strict, yet fair with yourself

Choosing consistency over intensity and opting for small changes over time

Doing what scares you until it doesn’t

Accountability through partners, coaches, and friends

And So Much More!

Links from the Show

Brandon and David's Books

Adam from My Body Tutor

BiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy

Mybodytutor.com Special Deal for Listeners

Click here to check the full show notes: https://www.biggerpockets.com/show491

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

490: 7 “Ninja Tips” From One of Hawaii’s Largest Real Estate Investors Jul 29, 2021

We all know that Hawaii is expensive. With its black sand beaches, fantastic surfing waves, and delicious poke bowls, why wouldn’t you want to live and invest there? Well, even with all those positives, many investors steer clear of Hawaii due to its high prices and lack of land, but one investor, Indar Lange, has proven those critics wrong.

Indar is Hawaii’s largest flipper, running about 15 flips at any given moment, and tackling deals priced at upwards of $3,000,000! Indar is no rookie to the game, he’s been doing this for the last decade and a half, but he had humble beginnings.

Growing up poor on a farm in rural Hawaii, Indar thought that his life would be set once he got his engineering degree. After realizing that engineers topped out at about $150,000 per year, Indar had to think of something else to do. He coincidently bought a small home at the time, fixed it up, and sold it after living in it for a few years. He paid zero taxes on the gain and this became his first live in flip, which caused the real estate wheels to start turning in his head.

Now, he’s hooked up with some of the best lenders, agents, wholesalers, contractors, and investors in the Hawaii area, taking down massive deals for a big payday. You’ll hear Indar’s full story and catch his “Ninja Tips” for the aspiring real estate investor.

In This Episode We Cover:

Why real estate the go-to investment for the wealthiest people in the world

Completing a live in flip and the tax benefits associated with it

When it makes sense to attend a real estate course (even expensive ones)

How Indar stopped his first flip from falling through due to lack of funding

Financing your deals with hard money and private money loans

Long-distance real estate investing from Hawaii

Cost segregation studies and other tax write-offs from real estate

Indar’s “Ninja Tips” for real estate investors

And SO much more!

Links from the Show

BiggerPockets Hard Money Lenders

Plastiq

Mindy's BiggerPockets Profile

Home Depot

Yelp

BiggerPockets Podcast 398: 22 BRRRR Properties in Under 10 Hours Per Week with Tarl Yarber

BiggerPockets Podcast 355: From Small-Time Landlord to 1,000+ Units Under Contract with Ryan “The Mercenary” Murdock

Brandon and David's Books

Adam from My Body Tutor

Check out the full show notes here: https://biggerpockets.com/show490

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

489: How Are You Preparing to “Exit Rich” in Real Estate? Jul 25, 2021

Real estate is a business, but we often don’t think of it that way. A single-family home here, a duplex there, at the end of the day we’re just landlords, right?

What if some large corporation or outside buyer wanted to buy your real estate business from you. Even better, what if you had such efficient systems in place that you could sell your business for 10x what you put into it. Sounds pretty sweet right?

Today we talk to Michelle Seiler Tucker & Sharon Lechter, authors of Exit Rich and Rich Dad Poor Dad. Michelle and Sharon have spent years building and selling businesses and have defined the 6 Ps to a profitable exit. Their main critique of most business owners: start planning to scale efficiently TODAY.

This can help you as a real estate investor start putting systems in place to grow your portfolio faster and with less work from you later on. If you’re willing to put in the upfront effort to start hiring right, systematizing, and opting for efficiency you most certainly will “exit rich”!

In This Episode We Cover:

What business owners do that costs them millions in company valuation

The 6 Ps to a profitable (and stress-free) exit

Building systems that allow your business to grow efficiently

Focusing on company culture and having an employee liaison

Why most business owners won’t let go of their “hands-on” role

How a business is valued (and what you can do to boost your valuation)

And So Much More!

Links from the Show

BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone

Brandon's Books

Cherry Creek Lodge - Guests Ranch

Exit Rich Website

Click here to check the full show notes: https://www.biggerpockets.com/show489

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

488: From 4 Units to 2,000 and Why Large Multifamily “Isn’t So Scary” Jul 22, 2021

The average journey of a real estate investor tends to go something like this: buy a house, use profits to reinvest into another house, buy a duplex here and there, and buy another house again. Does this sound like you or someone you know?

For Feras Moussa, stacking single-family properties was never the goal, especially after he had to manage his first rental investments. At some point, it becomes too hard to scale and you’re stuck with 30+ units and 30+ tenants all trying to get your attention to fix something. This is how real estate can become more of a job than a business.

Feras knew this so he started venturing into medium/large multifamily investments instead. His first big multifamily deal was a 99-unit deal in Atlanta, Georgia. He was able to take a neglected apartment complex and turn it into a cash-flowing, high-value piece of property that he later sold for a sizable multiple. Now, Feras does bigger deals, like a $50M+ apartment complex that his company Disrupt Equity and Open Door Capital are partnering on.

If you feel too scared to jump (or even dip your toe) into bigger multifamily investments, hear out Feras. He shows it’s a lot less scary than most people think.

In This Episode We Cover:

How to scale your real estate investment portfolio with medium/large multifamily

The habits that a successful multifamily investor develops

Networking and being more than just the “business card” person

Why masterminds are a HUGE source of deals, partners, and friends

Underwriting and how it differs from basic deal analysis

Using “value-add” to increase the value of a property and cash flow

The red flags you should look for when buying multifamily properties

And SO much more!

Links from the Show

Check the full show notes here: https://biggerpockets.com/show488

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

487: 10 Common Real Estate Investing Questions Answered by David Greene Jul 18, 2021

David Greene is back and we’re “Seeing Greene” as he answers some of the most common real estate investing questions from BiggerPockets listeners! David goes over a multitude of different questions, ranging from financing, to acquisition, to mindset, and strategy.

Not only does David have the experience of being a real estate investor, he’s also a licensed real estate agent and owns a mortgage company as well. This allows him to have insider insight that many real estate investors simply don’t have.

If you’ve wanted a question answered by an industry expert, stick around because your question might just be answered on this episode of “Seeing Greene”!

In This Episode We Cover:

Building leverage with HELOCs and Cash-Out Refinances

When to lower rent prices on a vacant property that won’t fill up

Write-offs and tax deductions that real estate investors can use

How newly proposed capital gains taxes may influence seller financing opportunities

How to shift your mindset and identity to fit the person you want to become

Finding financing when you’re self-employed or have low income

And So Much More!

Links from the Show

Rookie Podcast 55: Combining House Hacking and Live in Flips with Tyler Madden

Click here to check the full show notes: https://www.biggerpockets.com/show487

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

486: The Key to Scaling that Most Real Estate Investors Miss Out On (+New Podcast!) w/ Liz Faircloth & Andresa Guidelli Jul 15, 2021

It’s understandable why so many real estate investors don’t want to partner up. I mean, who wants to split half of a rent check with someone else? This can seem especially true when you’re just starting and every cent of profit counts. But, what if the path to financial freedom was through partnerships? What if you could grow your wealth, spend less time working, and scale far faster simply by leveraging your relationships.

With us are the hosts of the new InvestHER podcast, Liz Faircloth and Andresa Guidelli, two real estate veterans who partnered up to teach women about financial freedom, cash flow, and everything related to real estate. Liz and Andresa are both partners in real estate and partners in leading the InvestHER community, so they know a thing or two about what makes partnerships work and what doesn’t.

We talk about questions to ask potential partners, how to test out a partnership by doing a project together, formalizing a partnership with binding contracts, how to stop resentment in partnerships, and how to end partnerships that go bad.

If you’re looking to scale your real estate portfolio to new heights, you’ll definitely be using partnerships to do so. Tune in to make sure you and your partner stay protected!

In This Episode We Cover:

Why it’s so hard to scale in real estate without partnerships

The top questions to ask a potential partner

Testing out your partnership by doing a small deal together

Making deposits into the “emotional bank account” of a partnership

Finalizing your partnership agreement with an attorney

Keeping information flowing on both sides

Preventing (and ending) bad partnerships

The new InvestHER podcast!

And SO much more!

Links from the Show

BiggerPockets Business Podcast

BiggerPockets Podcast 088: Investing with Your Spouse, Managing Financials, and Growing Your Team with Matt and Liz Faircloth

BiggerPockets Podcast 203: Finding Deals, Funding, Contractors, and Mentors with Matt and Liz Faircloth

BiggerPockets Podcast 314: How to Find Rockstar Contractors and Manage Like a Boss with Andresa Guidelli

Matt Faircloth's BiggerPockets Profile

Ryan Murdock's BiggerPockets Profile

Mindy Jensen's BiggerPockets Profile

BiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy

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

Check the full show notes here: https://www.biggerpockets.com/show486

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

485: Atomic Habits That Help You Achieve Unthinkable Success w/ NYT Best Selling Author James Clear Jul 11, 2021

Three years ago, Atomic Habits was released. In this groundbreaking book, author James Clear asks a complex question “why do we continue our bad habits while neglecting good habits?” While it’s not as easy as simply saying, “I want to be better, hence I’ll stop doing this”, there are some ways that you can convince (and often trick) yourself into developing the habits that will help you create a better life.

The first thing to know about habits is that they aren’t a minimal part of your life. Your habits are what your life is built upon. Do you habitually clean your room every week? You’re most likely a clean and well-organized person. Are you constantly looking for ways to save money? You probably have a decent-sized bank account. If you want to become the “money person” or the “helpful person” or the “intelligent person” you need to start adopting the habits that someone in those positions would have.

So how do you develop a good habit? More importantly, how do you halt your bad habits from derailing your entire life? James walks through a few key ways to do this, from making habit cues less obvious, to changing your environment, to removing yourself from the choice entirely. One thing is for certain, if you want to change your life for the better, you need to start changing your habits.

In This Episode We Cover:

How James developed his interest in habits and psychology

Becoming “the architect” of your habits and not falling victim to poor choices

Understand the end goal and slowly work your way to it

Taking on the actions of someone successful and becoming that identity

Why bad habits can be so hard to break

How long does it take to develop a habit?

Intaking media that will change your mindset and influence your actions

And So Much More!

Links from the Show

BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors

Click here to check the full show notes: https://www.biggerpockets.com/show485

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

484: 3 Ways to Simplify Your Real Estate Investing with Brandon Turner Jul 08, 2021

Brandon Turner is a man of many talents. Whether it be building a real estate empire, growing a team, or surfing out in Maui, he seems to make it all look so simple. Yet, that is his key to success. Simplicity.

Brandon’s keynote speech from BPCon 2019 touches on many things, including how to simplify your business so it’s working for you, how to grow a team you trust, working with your strengths, and becoming the superhero in your own story. It also includes glimpses into Brandon’s everyday life. From hair styles, to how to ask out your crush, and even saving naked swimmers on Maui beaches.

Regardless of where you’re at in the journey, every successful business owner (whether real estate or not) has to make a big business into something simple and seamless, and that’s what you’ll learn from Brandon’s keynote speech.

Want tickets to BPCon 2021? Click here!

In This Episode We Cover:

How to make your real estate business as simple as possible

How to take the complexity out of tasks that seem difficult at the start

Why simple isn’t easy (but it’s worth it)

How to stop yourself from “building too many bridges”

Why you need to hire before you’re ready

The importance of rehearsing your steps (in business and surfing)

How to become the “Superhero” in your story

Why Brandon had a mullet in his youth

And SO much more!

Links from the Show

J Scott 's BiggerPockets Profile

BiggerPockets Business Podcast 18: How to “Have It All” by Living with Intention with Brandon Turner

BiggerPockets Podcast 394: Making a 25 Deal/Year Business (and Marriage) Work… Together! with Elliot and Chrissy Smith

Ryan Murdock's Facebook Profile

Check the full show notes here: https://www.biggerpockets.com/show484

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

483: The 5 Things You Need to Build a $1,000,000+ Rental Portfolio Jul 04, 2021

Last week, Brandon and David sat down to talk about the “Core 4” of any successful real estate team. Now they’re here to talk about the “Divided 5-ed”, a term they coined to describe the five team members you’ll need to scale your portfolio to new heights. Both Brandon and David agree that a sizable, growing real estate portfolio needs to be thought of more as a business than just a group of rental properties.

Maybe you’re looking to scale into large multifamily properties, commercial properties, self-storage units, or mobile home parks. Or maybe you’re just going to buy 1,000 single-family homes. Whatever your strategy, you will need a lead generator, underwriter, money raiser, asset manager, and financer/bookkeeper on your team. You may start out doing many of these roles when you buy your first few properties, but as you scale, you’ll need to fill these roles with more fitting individuals.

Maybe you want to get more experience before you start buying properties. Great! Join someone else’s team and think about how you can be the BEST in the role that you’ve been appointed to.

In This Episode We Cover:

The five roles that will make scaling possible (and easy) for your future acquisitions

How to choose the asset class that fires you up

Using DISC scoring to decide who would be best for each role

How Brandon built his team at Open Door Capital using this layout

Finding a team where you learn, grow, and thrive

And So Much More!

Links from the Show

BiggerPockets Podcast 481: Build an Unstoppable Real Estate Portfolio with the “Core 4”

BiggerPockets Podcast 407: Buying 100+ Houses/Year in 4 Hours/Week Using Teams, Traction, and (Get this…) TikTok with Ryan Pineda

BiggerPockets Podcast 444: 150 Deals at Age 22 by Putting Relationships Over Profit with Cole Ruud-Johnson

How to Use the DISC Profile to Communicate Effectively in Business

Click here to check the full show notes: https://www.biggerpockets.com/show483

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

482: Full-Time Fireman Does 300 Deals While Working 40 Hours/Week Jul 01, 2021

Everybody is busy. We have jobs, kids, businesses, and responsibilities to take care of. Why go out of your way and risk your money and time to invest in real estate? Mike Webb, firefighter, investor, flipper, and wholesaler argues the opposite. Mike says that it’s far riskier to simply rely on your job for the entirety of your income.

Mike began his investing career by investing in a side-by-side duplex, rehabbing it, and failing to complete a successful BRRRR. After seeing the cash flow and learning from his mistakes, Mike saw an investment strategy that could carry him to financial freedom. He is still working as a full-time firefighter, but is building his portfolio and completing 20-30 flips per year while he does so. This gives Mike the ultimate freedom to do whatever is best for him and his family, even though he loves his job.

In a world where it seems cool for everyone to quit their job, Mike reassures those who like their work that it’s worth staying, especially to keep that investment money flowing. He also walks through his partnerships, how he hires his team members, and what you can do to systematize your business so you can outsource your work as you take on more strategic roles!

In This Episode We Cover:

Why you don’t have to choose between a career and investing in real estate

Learning from your first deal and using your newfound knowledge to expand

Why the 1% rule and 2% rule shouldn’t be the ONLY metric you consider during deal analysis

Using the BiggerPockets Forums to meet partners, mentors, and other real estate professionals

The “OODA Loop” and why it’s a great tool for organizations

Starting a meetup and being in the know with local investors

Why working AND investing decreases your overall financial risk

And SO much more!

Links from the Show

BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene

BiggerPockets Podcast 469: Why Do Investors Lie to Themselves? +More Audience Q&A (Pt. 2) (Mike's question)

Check the full show notes here: https://biggerpockets.com/show482

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

481: Build an Unstoppable Real Estate Portfolio with the “Core 4” Jun 27, 2021

David Greene is great at coining new terms, just like his co-host Brandon Turner. Today we talk about the “Core 4” of any successful real estate investor's team. This includes the agent/deal finder, the property manager, the lender, and the contractor. Without these Core 4, you’ll have trouble building a real estate empire, especially if you’re doing so long distance. The good news? Even if you’re a brand new investor, you can start building out these relationships today!

With the help of BiggerPockets, you can find agents, lenders, property managers, and contractors. You can also head over to the forums and chat with other investors in your area, get their take on who’s the best in the business, and use their referrals to grow your team.

Are you an agent, lender, contractor, or property manager? Great! Brandon and David drop some tips on how you can attract the best clientele that will help you grow your businesses as well. The most important part of any of this is having open, honest, consistent communication with your team members and making sure nothing is falling through the cracks so everyone knows exactly what they should be doing.

In This Episode We Cover:

What the “Core 4” is and why it’s crucial for all real estate investors

How to find an agent using BiggerPockets’ agent directory

What agents can do to find clients that will close many times over

Why you should never “just go for the rate” when comparing lenders

Why a great property manager should be out of sight and out of mind

Choosing a contractor who ISN’T just an “order taker”

And So Much More!

Links from the Show

Real Estate Investing Calculators

Beardy Brandon

BiggerPockets Podcast 425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy

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

BiggerPockets Podcast 475: 50x Your Revenue By Focusing on ROR (Return on Relationships) with John Ruhlin

https://www.biggerpockets.com/show481

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

480: Making $200k a Month After Being on the Verge of Bankruptcy Jun 24, 2021

At one point, Dan Brault had a construction company working on custom builds in upstate New York. He had left behind a successful sales career to do it and although he was highly stressed, he felt all of his hard work was going to be rewarded sometime soon. That is, until, he had a huge project that went over budget, over the timeline, and forced him into $400,000 worth of debt.

Dan closed his company, went back to sales and started to think about what he did wrong. Was it the leadership? Was it the system? Was it just bad luck? Dan went to work, doing whatever he could to level up his business skills so he could get back into real estate full-time and do so in a way that allowed him to scale.

Now, after going through many of life’s lessons, Dan is doing phenomenally, with him and his team closing on 12+ wholesale deals a month, getting him close to $200k in monthly revenue. He credits his success to his systems, his team, and the way he pivoted his leadership that allowed the entire company to work as one well-oiled machine.

In This Episode We Cover:

The danger of buying cheap homes in C or D-class neighborhoods

On-market vs. off-market properties and which investors should go for off-market deals

Dan’s favorite off-market strategies and the way he gets most of his leads

Finding the “price behind the problem” so you can close on more deals

Forming partnerships with real estate brokerages as a wholesaler

The high costs of running a wholesaling team

What sets apart gurus and gimmicks from real, honest coaches

And SO much more!

Links from the Show

BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah

Tony Robbins

Facebook Marketplace

Darrin Damme of Bullseye Branding

Check the full show notes here: http://biggerpockets.com/show480

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

479: 10 Powerful Lessons Brandon Learned Building a $50M+ Rental Portfolio Jun 20, 2021

We all reach a point of complacency. We tell ourselves that we’ve done enough, it’s too hard to go further, or we don’t have enough experience, money, or time to accomplish the goals that seem impossible. Brandon Turner, host of the BiggerPockets podcast, was feeling this way too, sitting on a decade worth of real estate, with enough passive income to live his life how he saw fit. It wasn’t until Brandon started surrounding himself with people who did much more than him that he realized he wasn’t hitting his true potential.

Now, leading the real estate syndication Open Door Capital, Brandon has more than 10x-ed his rental portfolio, built a life he loves in Maui, and worked with some of his heroes. This wasn’t by accident, it also wasn’t dropped into his lap. Brandon spent serious time thinking about his “vivid vision” of the future, what he wanted out of life, and who would help him get there.

He’s had ups and downs, with some of his favorite employees leaving, partnerships falling through, and deals being lost. All of these proved to be valuable lessons in his ongoing work to create a mobile home empire and become the best of the best at what he, and his team, does.

In This Episode We Cover:

The 10 lessons Brandon learned starting Open Door Capital

Why it’s crucial to have a goal for your life and shoot towards it

Understanding when you’ve become complacent and finding inspiration

Giving up more to work with partners who will bring you far, far greater returns

Working for your employees and doing anything you can for their success

How coaching allowed Brandon to open up his mind to huge possibilities

Using a “Hunger Games” style recruiting technique when finding new talent

And So Much More!

Links from the Show

BiggerPockets Membership

BiggerPockets Book Store

BiggerPockets Podcast 403: Developing a Millionaire’s Mindset and Overcoming Limiting Beliefs with Performance Coach Jason Drees

BiggerPockets Podcast 369: Escaping the Day-to-Day Grind to Work on Your Business with Jefferson Lilly

BiggerPockets Podcast 246: Surviving the Coming Crash, Earning 20% Returns, and Buying Mobile Home Parks with Kevin Bupp

BiggerPockets Podcast 447: Create Your Dream Life in 3-5 Years Using Vivid Visions with Cameron Herold

BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray

BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray

Pre-order Multifamily Millionaire by Brandon Turner and Brian Murray

https://www.biggerpockets.com/show479

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

477: Discomfort & Uncertainty Lead To Victory w/ BJJ Black Belt Ryron Gracie Jun 13, 2021

What happens when you’re pinned to the floor in the middle of a fight? Someone has you in a locked position and you can’t move. You’re sweating, you’re angry, and you start feeling the will to fight flow through your whole body. Although we’re talking about Brazilian Jiu-Jitsu with the legendary trainer and black belt, Ryron Gracie, we could easily be talking about real estate.

So many new real estate investors come into this space being scared of discomfort, wanting to be hand-held, and feeling like there is no way to hit their investing goals. That is until they’re put in the proper position, scenario, or matched up with a great teacher. These are the exact lessons that Ryron shares with us today.

As a lifelong Jiu-Jitsu practitioner, and now a teacher himself, Ryron knows that the same lessons applied on the mat should be applied in everyday life. Lessons like: be comfortable with discomfort, never get pulled into anyone else’s fight, and change the game to fit your needs. This not only makes Ryron a financially successful individual, but a master in martial arts.

Even if you’ve never done martial arts, had any interest in Brazilian Jiu-Jitsu, or started real estate investing, this episode will help you change your mindset to thrive in situations where you feel lost and helpless, which is something all of us need throughout our lives.

In This Episode We Cover

“Emotional Jiu-Jitsu” and how to find comfort in difficult conversations

Taking the fight to the ground and changing the game

The crossovers between martial arts and building wealth through real estate

Putting your ego and insecurity to the side and doing what’s truly best for you

Realizing when you’re coming from a place of lack

And So Much More!

Links from the Show