BiggerPockets Real Estate Podcast

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Latest Episodes:

364: Snowballing 6-Figure Short-Term Rental Profits Into Passive Investments with Avery Carl Jan 09, 2020

Show notes

Ever been interested in making money with short-term rentals but feel there’s just too much you don’t know? Welcome to the club!

On today’s show, Brandon and David interview Avery Carl, a short-term rental (STR) investor who opens up the playbook and shows us what she’s doing and how she’s doing it! Avery shares the apps, software, and systems she uses to manage five STRs in under 30 minutes a week!

You’ll love her thoughts on self-management versus using a professional company, avoiding negative online reviews, and properly marketing your properties to maximize revenue. She also discusses how she diversifies risk in her portfolio, why she buys properties for 10% down, and what expenses she accounts for when analyzing deals that come across her desk.

Avery shares some fantastic insight into how to run a STR business with minimum time and intrusion, as well as some overall advice for knowing your market and minimizing your risk. Download this episode of the BiggerPockets Real Estate Podcast and see for yourself today!

In This Episode We Cover:

Where she’s currently buying
How she balances running a real estate team with investing
How she created systems to help manage her portfolio of vacation rental properties
The difference between self-management and using a management company
How she manages negative reviews online
Her advice for marketing your STR
The apps she uses to automate the STR business
How she buys her STRs with 10% down
What expenses she factors into her numbers for STRs
How she protects her investments from a possible recession
How she diversifies her risk between long-term and short-term rentals
How she uses her first properties when buying additional properties
And SO much more!

Links from the Show

BiggerPockets Forums
BiggerPockets Real Estate Podcast
The Grey (movie)
Airbnb
iGMS Vacation Rental App
BiggerPockets Podcast 245: Creating Wealth that Lasts Generations with Bestselling Author Ryan Holiday
BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
Email Us for Pro Deals: podcast@biggerpockets.com

Check the full show notes here: http://biggerpockets.com/show364

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363: How to Work (Way) Less but Accomplish (Way) More in 2020 with Michael Hyatt Jan 02, 2020

Show notes

Will 2020 be your best year ever?

Today’s episode has all the ingredients to make the answer a big, resounding “Yes!”

Bestselling author and productivity expert Michael Hyatt is here, and he guides us through how real estate investors should approach the year ahead.

You’ll love hearing how Michael’s eliminated virtually everything except his three highest-leverage, revenue-generating activities; how to steer clear of what he calls “drudgery zone” work; and how to find someone who actually enjoys those tasks you can’t stand doing.

And if you’re thinking, “Well, I’m not ready for that yet…” Michael has tips for how to get started by delegating just one task.

Michael has written extensively about three topics that touch every real estate investor: productivity (Free to Focus), goal-setting (Your Best Year Ever), and delegation (Your World-Class Assistant). Today, we cover them all in-depth.

So download this episode, make sure you’re subscribed to the BiggerPockets Real Estate Podcast, and start 2020 right!

In This Episode We Cover:

How Michael grew his company in a year while taking 162 days off per year
How “vague aspirations” set you up for failure
Why you’re 42% more likely to achieve your goals if you write them down
Why you shouldn’t have more than 3 goals at once
The keys to hiring a world-class executive assistant
The importance of a detailed, well-thought-out job description
The right way to document workflows
How to focus on your “Desire Zone”
How to offload tasks in the “Drudgery Zone”
The difference between goals and projects
Why he hired a world-class coach to teach him an obscure hobby
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show363

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362: Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy Papasan Dec 26, 2019

Show notes

Today’s show is centered around a big question we get ALL the time...

“How do I get my spouse/partner on board with my real estate investing goals?”

It’s the perfect time of year to think through exactly how to do that, and we have the perfect guests to offer some advice.

Jay and Wendy Papasan run an annual couples’ goal-setting retreat in Austin, Texas. Today, they walk us through the exercises they use to help couples (and business partners) confront uncomfortable questions and get on the same page.

Oh, and if you don’t know who Jay is, check out BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The ONE Thing with Jay Papasan and BiggerPockets Business Podcast 06: How to Manage Your Time Like a Millionaire with Jay Papasan.

Jay's wife, Wendy, is a real estate broker who leads a high-performing team that’s expanded into four cities.

In this episode, you’ll learn how to initiate a goal-setting conversation with your partner, what kinds of settings work best for this exercise, what questions to ask, and which timelines to use.

Also, stick around through the end to hear Wendy’s tips on using leverage and a “not to-do list” to apply your time and energy more efficiently and be happier.

This is a profound episode with two real estate rockstars. If you enjoy it, do us a favor and share it with YOUR spouse or partner… or pass it onto a couple who you think might benefit.

Download this one today, and make sure you’re subscribed to the show, so you won’t miss the next one!

In This Episode We Cover:

How Wendy and Jay started setting goals together 13 years ago
Applying the idea of a “leadership retreat” to your family
What settings work best for goal-setting with your spouse or partner
Navigating a relationship where one partner is an entrepreneur
Their answer to, “How do I get my spouse on board with real estate investing?”
Why most failures of leadership are failures of courage (Keith Cunningham)
How having tough conversations about goals can head off misunderstandings
How Brandon’s navigated balancing business with family
Why Gary Keller calls tough conversations “care-frontations”
Which time horizons are most useful when setting goals
Using the language of business in your marriage
Putting your marriage first, even when you have kids
Moving at the speed of communication
Delegating draining tasks to help you keep more energy for yourself and your family
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show362

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361: Using $3,500 to Kickstart an "Unsexy" Investment Empire with Tristan Thomas Dec 19, 2019

Show notes

Traveling the world on mobile home cash flow at 26 years of age? Yes, it’s possible!

On today’s show, Brandon and David interview Tristan Thomas, a mobile home park investor who parlayed a few thousand dollars into a life of financial freedom.

Tristan shares some great info regarding how he chooses his markets to invest in, how he finds deals in those markets, and some of the key differences to holding title to mobile homes compared with traditional real estate.

He also shares a fantastic perspective on how using “rent-to-own” financing can eliminate maintenance and repair costs, motivate your tenants to take better care of the property, and help you build wealth with very little of your own money.

Tristan is a great example of how to find financial freedom at ANY age and shares exactly how he did it himself! Download this inspirational episode today, and subscribe to the podcast in your favorite app so you won't miss the next show.

In This Episode We Cover:

How Tristan got into mobile homes
How he finds deals in today's market
The key differences to holding title to mobile homes compared with traditional real estate
How to use “rent-to-own” financing to eliminate maintenance and repairs costs
How to motivate your tenants to take better care of the property
How to build wealth with very little of your own money
Making a 100% return on investment within 12 months
His 5 biggest lead generators that are all free
The criteria he looks for to find the best mobile home deals
Getting into real estate investing for financial freedom
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show361

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360: Leveraging Virtual Assistants and Automation to Build a $2M Portfolio with Stephanie Cabral Dec 12, 2019

Show notes

Have you ever wanted to invest in real estate but aren’t ready for a full-time commitment? Today’s guest has figured out just how to do so, and she’s sharing it all with you!

Stephanie Cabral is a lawyer, real estate agent, and investor out of Connecticut, who has figured out how to make money from residential real estate ownership while working two full-time jobs.

On today’s show, Stephanie breaks down how she saved $100K on one deal, developed an automated direct mail system, and successfully used the often-confusing 203k loan program.

You’ll love her advice on automation/delegation and investing in single family homes. Plus, she talks about what she looks for in her market, and shares her thoughts on the next big change in real estate in the near future. You’ll also find some great tips regarding managing properties yourself and hiring and using virtual assistants to save you time.

Download this one today, and share it with a friend or family member who would benefit!

In This Episode We Cover:

How Stephanie defines “administrative stamina”
How she took out a HELOC on her first property
How she got a $100K discount on her first property
Why she invests in single family homes
How she uses VAs to handle the heavy lifting of her RE business
Her theory on automation and delegation
How she’s using RE to get out of her legal practice
What she looks for in a good assistant
What she’s looking for in out-of-state markets
How she automated her direct mail system
Her advice for managing properties yourself
Her thoughts on the next big trend in RE investing over the coming 5-10 years
And SO much more!

Links from the Show

Check the full show notes at BiggerPockets: http://biggerpockets.com/show360

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359: Using an Agent to Find Your First (or Next) Deal With Ryan Meinzer, Stephanie & Hero Cruz, and Rob Kishi Dec 05, 2019

Show notes

You asked for it, and we answered! On today’s episode, Brandon and David interview three first-time home buyers, who all utilized the house hacking strategy in different ways!

Our first guest shares how he bought in the most expensive market in the country and lives for FREE by using several techniques anyone can replicate (while taking advantage of a massive value-add opportunity).

Our second guests share how they used house hacking to buy a BUSINESS that will generate over $20K in profit per month... while also eliminating the majority of their rehab costs and reducing risks and living expenses at the same time!

And our third guest shares how he took advantage of California’s recent ADU law revision to buy a property that will eliminate his living expenses while making him massive cash flow at the same time.

This episode covers FAQs—like how to use an agent to help you find a property, how to house hack in unique ways, and what to expect when buying your first property—and is guaranteed to get those wheels turning in your mind! Download this one, and share with a friend today!

In This Episode We Cover:

Ryan Meinzer
How he found the property
His unique angle on TIC (tenancy in common)
What he intended to do reduce his living expenses
How a sliding door turned out to be a blessing
What the requirements are to convert a TIC
Key lessons learned from this deal
Hero and Stephanie Cruz
The struggle of finding the right Realtor
Finding a property that needs less rehab
What is assisted living property
How much they earn from each room
Making more money to help more people
Rob Kishi
How Daivd and Rob were introduced during a meetup
Why he fell in love with idea of house hacking
What the property looks like
Investing with Mom
What ADU stands for
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show359

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358: 6 Popular Strategies to Make You Money in TODAY’s Real Estate Market Nov 28, 2019

Show notes

Have you been looking for the right way to find deals in today’s tough market?

Today’s show might be just what you’ve been looking for! Join us as Brandon and David sit down and bring out the gold nuggets on what’s working for successful real estate investors in today’s hot market.

You’ll learn six strategies that will help you land deals and build wealth, as well as detailed insight into how to pull them off successfully. You’ll want to hear this advice about how to find deals, how to set up your business, and how to protect your capital that not everyone is talking about!

For the second half of the show, Brandon and David share five “accelerants” that will help increase the level of your success once you’ve found the strategies that work for you.

This show is the first of its kind, and we think you’re going to love it. You spoke, we heard, and this is the content the people want.

Download and share this gem today!

In This Episode We Cover:

Strategy #1: BRRRR
Strategy #2: House Hacking
Strategy #3: House Flipping
Strategy #4: Vacation Rentals
Strategy #5: Wholesaling
Strategy #6: Syndication
Accelerants and how to pour fuel on the fire
OPM (other people’s money)
Value-add
Forced equity
Increased cash flow through additional units
Leveraging others (core four)
Finding deals from your sphere of influence
Funnels
Partnerships
Personalities
Skill sets
Resources
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show358

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357: $6M Portfolio Before Age 30 by Finding "Problem" Properties with "Meet Kevin" Paffrath Nov 21, 2019

Show notes

YouTube sensation alert!

On today’s show, Brandon and David sit down with real estate investor and agent Kevin Paffrath of “Meet Kevin” on YouTube.

Kevin is young and doing great with real estate from several angles! He's built millions of dollars in wealth through single family properties in Southern California and shares some fantastic advice that will help you do the same.

You will love his advice regarding what he looks for in rehabs, what he avoids, and how he LOVES finding properties with problems! He also discusses how he found a deal holding an open house, how he avoids paying taxes on his profits, and how he was able to buy a house with his girlfriend while working at Jamba Juice!

This episode is high-energy, fun, and full of great practical advice for newbies and experienced investors alike.

In This Episode We Cover:

Buying his first property while working at Jamba Juice
How he bought with PMI, then removed it later
Why he invests as an agent
Why he tracks his net worth
Common problems that prevent investors from building wealth
Buying the majority of his properties from the MLS
How he talks to other agents to get deals sent to him
Finding a deal while holding an open house
Why buying SFR to build equity then exchanging into multifamily is a great strategy
Avoiding paying taxes
Looking where others aren’t for deals
How he still buys homes that get multiple offers
Why he DOESN'T want cash flow right now
A walk through of his latest rental
Attracting quality tenants
The best kind of relationship with real estate agents
The problems he avoids in rehabs
And SO much more!

Links from the Show

BiggerPockets Forums
BiggerPockets Pro
Email: podcast@biggerpockets.com
David's Instagram
Brandon's Instagram
BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
BiggerPockets Youtube
BiggerPockets Meetup
BiggerPockets Webinar Replay

Check the full show notes here: http://biggerpockets.com/show357

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356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah Nov 14, 2019

Show notes

Want to build massive wealth in a top-end rental market that’s also really expensive—all while minimizing your risk? Don’t we all!

Well, you’re in luck, because today’s guest has done just that—and in a surprisingly simple way that anyone can replicate. On today’s show, Brandon and David dig deep into the strategy used by Joe Asamoah, a Washington, D.C. investor, who owns more than 30 single family homes that are currently building him massive wealth!

You will be absolutely fascinated as you hear how Joe uses HUD housing vouchers to generate big returns in high-end areas while also reducing his risk to survive tough markets. Joe also shares some amazing tips for how he keeps tenants for 15 years at a time, including how he creates a huge demand for his homes, which kinds of properties he targets, and how he gets deals brought to him before anyone else.

Joe goes on to reveal some extremely effective tips regarding how to treat your tenants so well they never leave, how to convince lenders to work with you, and why he visits potential tenants in their current homes on short notice.

This show is chock full of extremely practical advice anyone can follow, not to mention useful tips for high-level real estate investing. This is an episode you will listen to several times and walk away extremely inspired.

In This Episode We Cover:

Why he targets 5-bedroom houses
Why the greatest HUD demand is for 4-, 5-, and 6-bedroom homes
HUD requirements for what qualifies as a bedroom
The advantages of investing in a capital city
Why he rehabs his properties to HGTV-grade quality
Why he visits potential tenants at their current homes
Why he sends his tenants flowers on Mother’s Day and presents for Christmas
Why he rewards his tenants' children for good grades and even offers vacations for tenants
How his model is designed to be recession-proof
Why he has a 20-page lease
Why he focuses more on reducing expenses than he does on increasing rents
Why he hired an assistant to manage his properties instead of using a traditional property manager
And SO much more!

Links from the Show

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355: From Small-time Landlord to 1000+ Units Under Contract with Ryan "The Mercenary" Murdock Nov 07, 2019

Show notes

From Bangor, Maine to Maui... by providing massive value!

If you’re looking for a mentor, partner, or lender, this episode is for you. You’ll learn how Ryan Murdock went from small-time landlord/property manager to major player in Brandon’s growing mobile home park empire; how he’s the perfect complement to Brandon’s DISC profile; and how they find, underwrite, and finance multi-million dollar deals.

Ryan is a modest, down-to-earth guy with a keen awareness of his own strengths and weaknesses, and this episode will show you how you can develop that quality to find the right partner and level up your business (and life!).

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

In This Episode We Cover:

How Brandon and Ryan met
What Ryan did that caused Brandon to pump his brakes and start paying attention
How they slowly formed what became one of the most dynamic duos in real estate
The attitude Ryan embraces that makes him so valuable
How he earned an equity stake in a huge company
How they’ve hired additional members to help grow the business
Learn how to create the “vivid vision” Brandon came up with
How they joined forces to create “rocket fuel” and scale their syndication model
And SO much more!

Links from the Show

Listen on BiggerPockets: https://www.biggerpockets.com/show355

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