BiggerPockets Real Estate Podcast

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Latest Episodes:

No Money Investing – Four Techniques with Brandon Turner and David Greene Oct 11, 2018

Show notes

Would you like to invest in real estate but lack the capital? In this powerful episode of The BiggerPockets Podcast, Brandon and David dive deep into the topic to cover four unique strategies for building a real estate empire using other people’s...

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299: HGTV Star Ken Corsini on Flipping, Rehabbing, & Building Homes Like a Pro! Oct 04, 2018

Show notes

Ever wonder about the REAL story behind the house flipping tv shows? On today’s show, we interview Ken Corsini, star of HGTV’s Flip or Flop Atlanta! Ken pulls back the curtain and shares fantastic insight and knowledge into several areas of real estate investing, from house flipping to new construction to owning a real estate brokerage!

In this episode, we cover Ken’s methods for finding deals in hot markets, how to recognize general contractor “price creep” (and what to do about it), and how to craft multiple exit strategies that will serve you in any market. Ken also shares some fantastic insight regarding his technique for staying flexible to protect himself from market downturns that you do NOT want to miss (if you value keeping money over losing it)!

In This Episode We Cover:

Why Ken kicks himself for selling houses he flipped
How he adapted to a changing market when hedge funds took over
How he started a construction business to keep up with the growing demand for big rehabs
How he recognizes what the best strategy is for each market
What “price creep” is—and what to do when you find it
Why adaptability is your best ability
And SO much more!

Links from the Show

Books Mentioned in this Show

Good to Great by Jim Collins

Fire Round Questions

Tweetable Topics:

“I don’t think you can stay relevant if you don’t watch the signs and learn to adapt your business.” (Tweet This!)

Connect with Ken

Ken’s Company Website
Fix or Flop Atlanta (HGTV)

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298: Thriving in Multifamily Investing (Even in a Hot Market) with Michael Becker Sep 27, 2018

Show notes

Interested in building giant wealth through multifamily real estate investing? Well, on today’s show, we interview someone who already has. Michael Becker is an experienced multifamily investor who’s mastered the genre and simplified the process for being successful! Michael shares what every new investor needs to know about avoiding the biggest mistakes in multifamily, how to invest no matter the market or how hot it is, four problems to watch out for that led to the last recession, and a lot more! You DO NOT want to miss the deep dive where Michael shares how he and his partners made $10M in profit using a combination of BRRRR, syndication techniques, private money, and prudent decision-making. If you’ve ever thought about moving into multifamily investing at some point, don’t miss this show!

In This Episode We Cover:

How Michael got into real estate
The value of partnerships and networking
Tips for buying 16 multifamily units
What a cap rate is
His thoughts on a crash and timing the market
How he raises money for a deal
Relationship-building and how it helps in any business
Advice for using webinars to pitch
Tips for raising capital
Why you want to keep presentations simple
Unique advantages of Fannie Mae and Freddie Mac loans
Single family rentals vs. multifamily
And SO much more!

Links from the Show

Books Mentioned in this Show

The Millionaire Real Estate Agent by Gary Keller
The ABCs of Real Estate Investing by Ken McElroy
The Advanced Guide to Real Estate Investing by Ken McElroy
Am I Being Too Subtle by Sam Zell

Fire Round Questions

Tweetable Topics:

“It’s much better to be the borrower than the lender when it comes to investing.” (Tweet This!)
“All you really have to do is to close a deal or two.” (Tweet This!)
“The world is full of capital.” (Tweet This!)
“You don’t need to have everything. You just need to have access to it.” (Tweet This!)

Connect with Michael

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297: Mastering the Decision-Making Process with Business (and World Series of Poker) Champion Annie Duke Sep 20, 2018

Show notes

In today’s epic show, we interview World Series of Poker bracelet champion Annie Duke. Annie is a nationally sought-after speaker who combines her mastery of poker with a study of the cognitive sciences in a truly unique and brilliant way.

In this show, you’ll have your mind blown by Annie’s insights regarding following conventional wisdom (even if it doesn’t make sense), focusing too much on the results (and not enough on the right choice), and accepting a level of uncertainty to gain a HUGE advantage over your competition. Annie’s theories on “thinking in bets” are designed to help others navigate a world where we can’t be certain of an outcome, but still come out on top over time.

This is an absolute can’t-miss episode for those looking for strategies to overcome apprehension, fear, or uncertainty. Be sure to listen to this incredibly brilliant and powerful interview—and get the tools to take your next steps today!

In This Episode We Cover:

Annie’s backstory and how she got into professional poker
Her concept of risk management
Thoughts on luck and circumstances we have no control over
Elements of luck versus elements of skill
Pete Carroll’s endgame decision
The concept of “resulting”
What constitutes a consensus choice
Winning and losing—and caring about your decision-making process
The difference between real estate investing and poker
The importance of confidence and certainty
Why one shouldn’t be afraid of losing and being blamed
A champion versus a victim
And SO much more!

Links from the Show

Books Mentioned in this Show

Thinking in Bets by Annie Duke
The Miracle Morning by Hal Elrod
The Geometry of Wealth by Brian Portnoy
Decide to Play Great Poker by Annie Duke
Superforecasting by Dan Gardner and Philip E. Tetlock
Extreme Ownership by Jocko Willink
Radical Candor by Kim Scott
Thinking, Fast and Slow by Daniel Kahneman
The Signal and the Noise by Nate Silver
Set for Life by Scott Trench

Tweetable Topics:

“Every decision, even small executional decisions all the way to the larger goals, carries risks.” (Tweet This!)
“There are no small decisions.” (Tweet This!)
“The most important person we need to worry about pointing fingers at is ourselves.” (Tweet This!)

Connect with Annie

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296: From Farm Boy Beginnings to $15M in Real Estate Holdings with Rock Thomas Sep 13, 2018

Show notes

What does it take to truly find financial independence? Money? Deals? Mentors? Or could it be something else entirely… something intangible? In this episode of the BiggerPockets Podcast, we sit down with Rock Thomas, a real estate investor and agent who shows others the simple mindset shifts needed to achieve financial freedom. In other words, it’s time to work on YOUR “money blueprint.” Through Rock’s story, you’ll learn the most important skills any individual needs to achieve in any field, the best way to find and attract mentors who can teach you the path, how to change your “operating system” to one that is far more successful, and so much more. With powerful stories, humor, and insight, Rock’s story is one you won’t want to miss!

In This Episode We Cover:

Rock’s backstory as a worker on a farm
What mentors look for into someone
How he used pain to propel himself forward
Saying yes to opportunities, no matter how difficult
The importance of having what it takes
Why you should seek out people with energy
Being the guy who solves any problem
The 4 money personality types
The type of properties he invests in
And SO much more!

Links from the Show

Books Mentioned in this Show

Nothing Down for the 2000s by Robert G. Allen
Rich Dad, Poor Dad by Robert Kiyosaki
The ONE Thing by Gary Keller and Jay Papasan
Rich Dad’s Cashflow Quadrant by Robert Kiyosaki
Why the Rich Are Getting Richer by Robert Kiyosaki
E- Myth Revisited by Michael Gerber
Rocket Fuel by Gino Wickman & Mark Winters

Fire Round Questions

Tweetable Topics:

“Mentors, you want to admire them and you want to be them.” (Tweet This!)
“When you step in the room and you feel you’re not the smartest guy, you’re in the right room.” (Tweet This!)
“Get comfortable with being uncomfortable.” (Tweet This!)
“You can get anything you want in life as long as you are committed and creative.” (Tweet This!)
“Find what pisses people off and solve it for them.” (Tweet This!)

Connect with Rock

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295: Using the Web to Land 8-12 Deals a Month with Melissa Johnson Sep 06, 2018

Show notes

Are you interested in learning how to flip 8-12 houses a month at $30k a pop? Well, this episode may be just what you’ve been looking for! On today’s show, we interview Melissa Johnson—house flipper extraordinaire and owner of the company Lead Propeller, a service that provides websites to help motivated sellers find real estate investors. Melissa provides some incredible information regarding how they find motivated sellers, how they negotiate deals, how they sync up with the best contractors! You won’t want to miss the three things your website NEEDS to generate seller leads, as well as the exact process to estimate rehab costs! Melissa and her husband Danny run the podcast Flip Junkie, and in this episode, they pull back the curtain to reveal the secrets to their business. Don’t miss out on your chance to learn from a seasoned pro!

In This Episode We Cover:

Melissa’s story of getting into real estate
How everything went wrong on her first deal
Why she doesn’t recommend a “burnout”
Their amazing average flip volume and profit (hint: 8-12 deals a month!)
Her top three lead sources
How she uses SEO to her advantage
Advice on putting up a website
A discussion on flipping vs. wholesaling
How to find the right contractor
Tips for figuring out rehab costs
Things to do when you go over budget
And SO much more!

Links from the Show

Books Mentioned in this Show

The Miracle Morning by Hal Elrod
Flipping Houses Exposed by Danny Johnson
The Five Temptations of a CEO by Patrick Lencioni
The Advantage by Patrick Lencioni
Grit by Angela Duckworth

Fire Round Questions

Tweetable Topics:

“We are selling them solutions to their problems.” (Tweet This!)
“Sellers feel more comfortable with people who seem real.” (Tweet This!)
“We need to be the ones in control of the situation, not the contractor.” (Tweet This!)

Connect with Melissa

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294: Meet Property Management Extraordinaire, RE Investor & Hotel Owner Jesse McCue Aug 30, 2018

Show notes

Are you happy with the current state of your real estate business? If you’re like most people, the answer is no. On today’s show, we interview property management superstar Jesse McCue and dig deep into how he’s became Maine’s top property manager as well as a successful RE investor along the way. Jesse shares how he formed a partnership with a successful business to become an owner of the company, as well as how he bought a 67-unit hotel off of a tip from his electrician for half of its appraised value! You’ll be amazed as he describes a strategy that is “better than BRRRR”—and most importantly, the number one question you need to ask a property manager to find out if they are the right choice for you. If you want to learn how to put fundamental business skills to work in your investment business, this is a show you do not want to miss!

In This Episode We Cover:

How Jesse was bitten by the real estate investing bug
How he turned around a property in 6 months that required 8 years of budgeted rehab money
The tactics he uses to hire people to help him scale his business
How he made himself invaluable to a rising star and formed the perfect partnership
The questions you need to ask a property manager to determine if they are a rockstar or a dud
Tips on buying a motel
The “better than BRRRR” strategy
And SO much more!

Links from the Show

Books Mentioned in this Show

4-Hour Work Week by Timothy Ferriss
The Book on Managing Rental Properties by Brandon Turner & Heather Turner
The Snowball: Warren Buffett and the Business of Life by Alice Schroeder

Fire Round Questions

Tweetable Topics:

“When you know the people, you know what’s going on.” (Tweet This!)
“If you are unhappy, your systems are broken.” (Tweet This!)
“Do the things that make you feel light and not the things that make you feel heavy.” (Tweet This!)

Connect with Jesse

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293: How to Retire Early With Real Estate & Do What Matters More with Chad Carson Aug 23, 2018

Show notes

Have you ever thought about retiring early, traveling, and living your best life now? On today’s show, we interview Chad Carson, author of the new BiggerPockets Publishing book Retire Early With Real Estate.

Today Chad shares how he and his partner were able to accumulate 90 units and live purely off the money generated by their portfolio! In this episode, learn how Chad got started and the steps he took to elevate his business and which strategies he used to make $120,000 on one flip!

Chad’s story covers the gamut of flipping, wholesaling, buy-and-hold, and more. If you want to know what it looks like to retire early with real estate (including what you may be doing wrong right now, and how to change that), this is an episode you definitely want to download now!

In This Episode We Cover:

Chad’s strategies for retiring early through real estate
If focusing on cash flow or equity is the smarter move
How to control your budget
If offense or defense is more important when it comes to building wealth
How Chad made $120K in one flip
How tax-lien strategies work — and what Chad did to capitalize on them
Why “starter” investment homes aren’t always the best choice to stick with
How to transition from wholesaling to other investment strategies
How many hours you can expect to work each week once you’ve retired early with real estate
How “the stack” can help you grow your portfolio fast and efficiently
How house hacking can lead to an early retirement
And SO much more!

Links from the Show

Books Mentioned in this Show

Retire Early With Real Estate by Chad Carson
4-Hour Work Week by Timothy Ferriss
Building Wealth One House at a Time by John Schaub
Big Shifts Ahead by John Burns
Wooden by John Wooden

Fire Round Questions

Tweetable Topics:

“Our core skill as an investor is figuring the value of real estate.” (Tweet This!)

Connect with Chad

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292: 200+ Deals in the First Four Years with Ryan Pineda Aug 16, 2018

Show notes

Can you really create a massive real estate empire in a short time when starting with almost nothing? In today’s episode, you’ll not only discover that it’s possible, but you’ll see exactly how it was done. We sit down with Ryan Pineda, a former baseball player who got his start with just $10k while doing deals from the dugout. Ryan shares with us the exact strategies he’s using to more than double the number of deals he’s doing each year—and how he’s done that for the past four years. You’ll learn how he’s finding enough leads to flip 10 deals a month, how he’s able to buy long-distance, how he’s leveraging others so he can get more done, and much more.

In This Episode We Cover:

Ryan’s background and how he got into flipping
How he started flipping everything (including couches!)
Closing 100 deals
The details of his first deal
The difference between hard money and private money lenders
What his business looks like
Using relationships to find deals
How agents can influence a deal
Finding great wholesalers and getting deals from them
How Ryan’s funnel works
And SO much more!

Links from the Show

Books Mentioned in this Show

Will You Be My Mother by Sally Huss
Flip Your Future by Ryan Pineda
Investing with Low or No Money Down by Brandon Turner
The Book on Flipping Houses by J. Scott
Long-Distance Real Estate Investing by David Greene
The Everything Store by Brad Stone
Elon Musk by Ashlee Vance
Shoe Dog by Phil Knight

Fire Round Questions

Tweetable Topics:

“You have to know what the other roles need in order to train somebody to do it.” (Tweet This!)
“Wholesalers are contract flippers.” (Tweet This!)
“If the numbers work for me, then let’s do business.” (Tweet This!)

Connect with Ryan

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291: How to Build a Business That Helps Find Deals Before Anyone Else with Neal Collins Aug 09, 2018

Show notes

Are you struggling with finding deals in today’s market, where the best properties go fast? On today’s show, we interview Neal Collins, an investor in the red hot Portland Oregon who has figured out a way to find deals before anyone else even sees them! Neal shares the brilliant strategy he’s created to build a world where the best deals find him.

In this show, you’ll learn how Neal was able to find a 4-plex to house hacked—and how he made an additional $8-10k a month, as well as how he built a property management company and real estate brokerage (hint: he created an army of deal finders that get paid to make him money and find him deals) where he does none of the work but reaps all of the profits, and his brilliant, simple strategy for raising private money than anyone can replicate (he really hits the nail on the head with this one).

If you’re looking for a solid, profitable, and step-by-step process to make money and build wealth with real estate, you won’t want to miss how Neal did just that!

In This Episode We Cover:

Neal’s journey to real estate investing
How he accidentally got into seller financing
The importance of being able to pivot and change investment strategies
The kinds of properties he looks for
His thoughts on Airbnb and short-term rentals in general
How he got into managing other people’s properties
His experiences managing 200 units and owning a brokerage
Three things every investor looks for: returns, security, and customer service
And SO much more!

Links from the Show

Books Mentioned in this Show

Long-Distance Real Estate Investing by David Greene
Confessions of a Real Estate Entrepreneur by James A. Randel
Shoe Dog by Phil Knight

Fire Round Questions

Tweetable Topics:

“They talk about the numbers, but they are not talking about the work.” (Tweet This!)
“You have to leverage other people’s time and experience or build systems so that you can leverage your own time to do that.” (Tweet This!)
“The deals are not going to come to you. If you’re not consistently swinging the bat, you’re not going to hit the ball.” (Tweet This!)

Connect with Neal

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