BiggerPockets Real Estate Podcast

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Latest Episodes:

373: Invest Locally or Out of State? Why Not Both! BRRRRing & Building with Lee Ripma Mar 12, 2020

Show notes

Four years ago, Lee Ripma was brand new to real estate. She vowed she'd one day appear on the BiggerPockets Podcast. That day has come.

And we're all better off for it!

In this action-packed episode, Lee traces her journey from full-time field biologist to newbie who jumped straight into long-distance multifamily (wait 'til you hear about her first deal!) to developing apartment buildings in the high-end Los Angeles market.

You'll learn how she formed relationships with local, "boots-on-the-ground" partners on her BRRRR deals in Kansas City, why she came to prefer value-add multifamily deals over BRRRR, and how she's able to find higher and better uses for properties in Southern California.

From looking at our podcast stats, we know a LOT of you are in hot markets like L.A., New York, San Francisco, and Washington, D.C. If you've ever thought to yourself, "My market's so expensive... How can I invest in real estate?"—look no further.

This episode will get you motivated, and it may just ignite your real estate investing career!

Be sure to subscribe to the BiggerPockets Real Estate Podcast, sample the other BiggerPockets podcasts in our network (just search "BiggerPockets" in your favorite podcast app), and as always, if you appreciate this content, please give us an honest rating and review on Apple Podcasts.

In This Episode We Cover:

Why she abandoned the idea of building a tiny house empire
How her career as an environmental consultant prepared her for real estate investing
Why innovation can be overrated
How she screwed up her first deal and still made 28% cash-on-cash
Why choosing a “submarkets” is more important than the general market you choose
Why she shifted from BRRRR to value-add multifamily investing
How she unlocks value in rundown apartment buildings
Finding “boots-on-the-ground” partners for out-of-state deals
How she learned the development game by apprenticing under an experienced investor
How real estate development creates money out of thin air
Tearing down single-family homes and building 4-unit apartment buildings
How she moves projects more quickly by using “prefabricated construction”
Why “value-add” drives the biggest returns on investment
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show373

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372: Flipping and Rental Property Investing 2,000 Miles Away with Erin Helle Mar 06, 2020

Show notes

Securing financial freedom for her family through long-distance real estate investing!

West Point graduate Erin Helle's story starts the day she was ordered to deploy to Afghanistan. She already had a young daughter, and her husband was headed to Iraq.

Something had to change.

Mix in a serious health condition, the result was this: Erin felt forced to take action and build something that would endure and provide for her daughters no matter what.

In this episode, you'll learn which steps she took. From buying new construction, to flipping at a distance, to using a self-directed IRA to purchase a rental property, this show is packed with valuable lessons from an investor who's acquired 20 doors in the span of two years.

Erin shares a powerful story that's sure to make you think hard about the legacy YOU plan to leave behind and what you plan to do to get there.

In This Episode We Cover:

Buying new construction
Generating momentum as a newbie investor
Erin's key performance indicators
Lead measures vs. lag measures
Out-of-state real estate investing
Teaching young kids about money
Why getting your real estate license may be overrated
Why she doesn't "DIY" anymore
And SO much more!

Links from the Show

Click here for full show notes: http://biggerpockets.com/show372

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371: Introducing BiggerPockets' Brand New Show: Real Estate Rookie Podcast Mar 05, 2020

Show notes

More "newbie" content. More "first deal" success stories. Tips, tools, and step-by-step guidance from investors just one step ahead of you.

That's what many of you have been asking for.

And that's what you'll get when you subscribe to Real Estate Rookie, BiggerPockets' newest podcast!

Episode 1 is LIVE now, and it's a gem if we do say so ourselves—check it out here.

In this brief announcement, Brandon and David introduce hosts Ashley Kehr and Felipe Mejia (remember them from episodes 348 and 329?)... and explain WHO would—and wouldn't—benefit from listening to Real Estate Rookie.

You might be asking—is the "OG" BiggerPockets Podcast changing? Or even going away? Not a chance!

In fact, we hope you listen to both shows.

Check out Real Estate Rookie today, and Brandon and David will have another great interview right here tomorrow.

Then next week, you'll get an episode of Real Estate Rookie on Wednesday, and we'll be back to regular programming.

Tell us what you think of the new podcast, join the Facebook group (just search "Real Estate Rookie"), and give Ashley and Felipe a follow on Instagram @wealthfromrentals and @felipemejiarei!

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371: 75 Deals at Just 20 Years Old with William Brown Feb 27, 2020

Show notes

$700,000-plus in wholesale fees—fresh out of high school!

On this show, Will Brown reveals how laser-focusing on “deal flow” allowed him to build a rental property portfolio, build a self-sustaining business, and amass a small fortune… all in a matter of months.

You’ll be blown away by Will’s story of being struck by inspiration while playing Grand Theft Auto at age 18. That led to the BiggerPockets Podcast, and well… you’ll have to hear the rest of his story to believe it.

If you want to know the exact structure of a four-deal-per-month wholesaling business and the specific marketing methods Will uses to reach sellers, check out this episode. He walks us through how he handles leads, how he manages his business from 3,000 miles away, and why he’s handing over the reins to a partner so he can focus on building a technology startup.

This is a fantastic episode highlighting a BiggerPockets member who took massive action, trusted the process, and saw massive results. Download this one, and make sure you’re subscribed to the BiggerPockets so you won’t miss a show!

In This Episode We Cover:

How Will built a powerful marketing machine
How he's able to spend only 30 minutes on each deal
How he prevents leads from slipping through the cracks
Ringless voicemail messaging and text message marketing
Why he prefers wholesaling over flipping houses
How he handles tricky title issues
Why it's never a bad idea to make an offer
Will's artificial intelligence startup
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show371

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370: Tax Hacks to Juice Your ROI with Amanda Han and Matt MacFarland Feb 20, 2020

Show notes

Get to know enough CPAs, and you'll hear the "light bulb" story.

"I was helping this real estate investor with her taxes... and thought, 'Why am I not doing this?!'"

Yes, there are POWERFUL tax breaks available for rental property investors. But you have to know what to look for!

That's the focus of today's episode AND the new book (out today!) from Amanda Han and Matt MacFarland: "The Book on Advanced Tax Strategies: Cracking the Code for Savvy Real Estate Investors."

You'll hear Amanda and Matt break down the basic concepts you need to understand in order to reach your goals, outline the questions you should ask your CPA, and take on the notorious "Do I need an LLC?" question.

You'll also learn about more complex strategies like advanced/bonus depreciation, Opportunity Zone investing, and 1031 exchanges... plus, how short-term rental investors and flippers can optimize their tax strategy.

This episode is packed with free information that is literally valuable—meaning it could save you thousands, or tens of thousands, of dollars!

Download this one, check out the book, and subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next show.

In This Episode We Cover:

How Amanda and Matt ended up doing tax/real estate
What they do and how they help clients
What their new book is all about
How to save tons of money in terms of taxes
Best time to work with a CPA
How an LLC plays into a real estate investor’s life
3 benefits of working with a professional
Importance of having a system in place with the help of tax and legal advisors
How cost segregation comes into play
Who does a cost segregation study
Other things investors should not do on their own
Why it pays to be cautious when it comes to 1031 exchanges
Why buy and hold is preferable over flipping from a tax perspective
Cool things about short-term rentals from a tax perspective
What an Opportunity Zone is and why it matters
What a flow-through entity tax break is
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show370

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

369: Escaping the Day-to-Day Grind to Work ON Your Business with Jefferson Lilly Feb 13, 2020

Show notes

Want to step out of your business and finally gain the freedom to think more strategically? Let Jefferson Lilly show you how!

Jefferson is a mobile home park investor, who went from sleeping on an air mattress on-site at his mobile parks to running a lean team and focusing his energy on raising millions from investors.

No matter what stage of your career you’re in or what your preferred strategy is, you’ll get a ton of value out of this high-level discussion about building a “2.0” business that serves you AND your team.

You’ll learn how Jefferson went from acquiring parks “deal by deal” to starting a fund, how he overcame fear to hire several six-figure employees, and how he incentivizes his team to maximize occupancy.

Also, Jefferson breaks down the criteria he uses to narrow down potential deals (including proximity to a Walmart)—AND reveals the four main ways he and his team reach out to mom-and-pop park owners.

This is an awesome show, whether you’re interested in mobile homes or not. So check it out, and subscribe to the BiggerPockets Real Estate Podcast so you won’t miss the next one!

In This Episode We Cover:

The “unfair advantages” of mobile home park investing
4 main methods to find off-market deals
How his team uses brokers to source deals
Hiring 6-figure employees
How Jefferson has raised more than $30M from 200 investors
How he incentivizes his team based on occupancy
2 factors that drive profitability in the mobile home park business
The difference between a “2.0” business vs. a “1.0” business
Jefferson’s biggest career regret
Why he aims to hire “coaches” rather than “cheerleaders”
How and why he started a fund rather than individually syndicating deals
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show369

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368: $3,500 per Month From One BRRRR Deal With Palak Shah Feb 06, 2020

Show notes

On today’s show: accelerated wealth-building through leverage and systems!

Palak Shah walks us through how she built a $4M portfolio in just three years by "supercharging" the BRRRR strategy.

Palak left a career in corporate America to focus full-time on real estate in the Philadelphia area, and she applied her training as an engineer to create airtight processes that help her business run without her.

You’ll love hearing how she finds deals from wholesalers on Facebook, why she’s not afraid to sell off some of her BRRRR properties, and how she creates checklists to determine whether a deal fits her criteria.

Also, we discuss how to beat “analysis paralysis” by remembering her acronym “A.B.L.E.”

Palak is a relatable, inspiring investor who offers great tips for anyone hoping to transition away from a 9-to-5… so check out this episode today, and share it with a friend or family member!

In This Episode We Cover:

Leaving her corporate job to take more control over her time
Why she’s OK paying capital gains tax rather than using 1031 exchanges
Flexing your “risk-taking muscle”
Using hard money for BRRRR projects
Creating “templates” to make investing easier over time
Criticisms of the BRRRR strategy
Why she sells off some of her BRRRR properties
Using local banks and credit unions
Her mantra: “Fortune favors the finance-savvy”
How her systems allowed her to buy 2 properties from India
Her “A.B.L.E.” method to escape analysis paralysis
How she bought 9 units for 40% off the list price
How she used a home equity loan to borrow $160K
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show368

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367: Quitting Retail to Flip, BRRRR, and Design with Kara Beckmann Jan 30, 2020

Show notes

7X-ing her income by leaving a so-so job to flip houses!

Today’s guest is Kara Beckmann, a rehabber and rental property investor who’s tearing it up in Scottsdale, Ariz., and on her Instagram page @beckmannhouse.

You'll be inspired by Kara's journey from pastry chef to retail worker to full-time investor funding deals with private and hard money. Kara shares some great tips for networking with wholesalers and builders to snag deals (to date, she's spent $0 on marketing).

You'll also learn how she maximizes profit by sticking to her rehab budgets, how she keeps contractors on deadline, and how she manages risk by outlining several different exit strategies.

Kara's story will motivate you to apply your own "unique ability" to your real estate business and overcome the fear that might be stopping you from doing your first or next deal!

Enjoy this episode, and subscribe to the BiggerPockets Real Estate Podcast so you won't miss the next one.

In This Episode We Cover:

How Kara learned saving habits at age 14
How she started thinking like an entrepreneur while working in retail
How she was motivated by not getting a raise in 5 years
Buying her first deal for $50K below asking price
Reinvesting profits from her first flip
Her apprenticeship with a general contractor
How she develops a scope of work and deadline
Why she doesn’t spend any money on marketing
Her networking tips
The challenges of investing without W-2 income
How she prepares several exit strategies for each deal
Where she gets inspiration for her designs
How she sticks to her budgets (the “price per square foot” method)
Incentivizing her contractors to complete work on time
And SO much more!

Links from the Show

BiggerPockets Forums
BiggerPockets Webinar
BiggerPockets Money Podcast
BiggerPockets Podcast 365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading Through Extreme Ownership (+ His Real Estate Investing Tips!)
BiggerPockets Conference
Zillow
Realtor.com
TikTok
Email: podcast@biggerpockets.com

Check the full show notes here: http://biggerpockets.com/show367

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366: 40 Doors in His First 2 Years with Henry Washington Jan 23, 2020

Show notes

From panicked newbie with just $1,000 saved to 40 rental units—in two years’ time!

On today’s show, we sit down with Henry Washington, a buy and hold investor from Arkansas who’s built a sizable portfolio while working full-time.

You’ll learn how Henry changed his mindset as he and his wife prepared to start a family and how he secured his first deal by doing something anyone can do—simply announcing to the world that he buys houses.

You’ll also learn how Henry built a deal pipeline by looking in places other investors didn’t, how he asked more experienced investors for help when he didn’t know what to do next, and how he does business with local banks to expand his portfolio.

Plus, Brandon and David dig into how to property screen tenants, how to decide when to flip or BRRRR vs. when to hold onto a rental, and how to use an online ad campaign to drive a steady supply of leads to your website.

This episode lays out a blueprint for building massive wealth. Just adapt it to your market, and work the process.

Don’t miss this one, and subscribe to the BiggerPockets Real Estate Podcast so you won’t miss the next!

In This Episode We Cover:

How “panic” drove Henry to start saving and investing
How he started his investment career by simply “paying himself first”
The list he used for his first (wildly successful) direct mail campaign
The lessons he, Brandon, and David took away from Rich Dad Poor Dad
Why he told people he bought properties (before he ever did!)
Why writing down his fears helps him conquer them
How he sought help from a more experienced investor on his first deal
How he used a 401(k) loan to buy a cash-flowing property
How he launched a Google Ads campaign to drive traffic to his website
The power of small, local banks to fund deals
Why he holds open houses rather than individual showings for tenants
Why the best real estate investors buy “situations,” not houses
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show366

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

365: Ret. Navy SEAL Jocko Willink on Embracing Discomfort and Leading through Extreme Ownership (+ His Real Estate Investing Tips!) Jan 16, 2020

Show notes

Decorated Navy SEAL commander. Author. Podcaster. And house hacker?!

Yes, Jocko Willink invests in real estate and shares some great tips… but that's not the only reason he's on the show today. And it's not the only reason why he's sure to be one of our most popular guests to date.

You see, Jocko looks at life's challenges differently. And after hearing his message, you might, too.

Contractor rip you off? Good. Rental property flooded? Good. Spent a bunch of money and never found a deal? GOOD!

Actually, great!

Now you can learn something about yourself. You can get tougher. You can improve.

That's the worldview Jocko outlines in his No. 1 New York Times bestseller Extreme Ownership: How U.S. Navy SEALs Lead and Win.

Today, we dive deep into how to apply this mindset to your business. PLUS, we discuss Jocko's philosophy on leading teams, managing risk, harnessing your ego, and foregoing comfort in pursuit of long-term goals like financial freedom.

You'll also love getting to know Jocko the real estate investor!

From buying a hoarder house filled with chicken bones to dividing his kids' bedrooms into "prison cell"-sized sleeping quarters, Jocko discusses how some sacrifice goes a long way toward creating financial freedom—even on a modest military salary.

Beware: by the end of this show, you might just be staring down your fears and greeting your biggest obstacles head-on with the word "good."

In This Episode We Cover:

What “extreme ownership” is and how it applies to real estate investing
Fixing up creepy, run-down houses in Southern California in his 20s
Why Jocko recommends house hacking for men and women in the military
How joining the Navy gave him purpose
His approach to Navy SEAL BUD/S training
The lessons he learned from the Great Recession—even though it didn’t personally affect his finances
Avoiding "lifestyle creep"
Considering the worst case scenario before taking risks
How to harness your ego for good
What he says when people push back against the idea of extreme ownership
Why he writes books for kids (and why some adults like those books best)
And SO much more!

Links from the Show

Click here to check the full notes: http://biggerpockets.com/show365

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