BiggerPockets Real Estate Podcast

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Latest Episodes:

290: 7 Paths to Financial Independence with Brandon & David PLUS Josh Dorkin Tells Us Where He’s Been! Aug 02, 2018

Show notes

Are you ready to get really excited about the life possible through real estate? This show will go down in BP history as one of the foundational episodes: Brandon Turner and David Greene dive deep into seven unique and powerful strategies for building a real estate business that can fill your life with cash—not work. You’ll love the humor, the stories, the lessons, and the tips throughout! This episode is one you’ll come back to time and time again. Plus — as an added bonus — Josh Dorkin comes back to the BiggerPockets Podcast to explain where he’s been and what the future of the BiggerPockets Podcast will look like! Don’t miss a moment of this powerful show!

In This Episode We Cover:

Cashflow through rental properties
What a turnkey property is and who it’s for
BRRR Strategy
Challenges with BRRR investing
Note investing, lending, syndication, & crowdfunding
The scale of passivity
The first question David asks to people who want to do business with him
House flipping
Ways to become a CEO of a flipping business
Multifamily investing
Buying one house a year
The Stack
And SO much more!

Links from the Show

Books Mentioned in this Show

Real Estate Note Investing by Dave Van Horn
The ONE Thing by Gary Keller and Jay Papansan
So Good They Can’t Ignore You by Cal Newport
Raising Private Capital by Matt Faircloth
Own the Day, Own Your Life by Aubrey Marcus
59 Seconds by Richard Wiseman
The Big Leap by Gay Hendricks
High Performance Habits by Brendon Burchard

Tweetable Topics:

“The goal is to buy a house as cheaply as you possibly can and make it worth as much as you possibly can.” (Tweet This!)
“With every hire you make, your business should make more money.” (Tweet This!)

Connect with Brandon and David

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289: Using Other People's Money to Build Your Real Estate Empire with Matt Faircloth Jul 26, 2018

Show notes

Building a real estate business can be one of the best ways to achieve financial freedom. The problem for most, however, is money: There simply isn’t enough in your hands to get all the deals you want. That’s why today’s show might be the most impactful podcast episode you’ve ever heard. In today’s interview with Matt Faircloth, author of the new book Raising Private Capital, shares the steps needed to begin raising money from others to fund your real estate deals. You’ll discover the different types of private capital (and how to approach each), how Matt and his wife were able to grow from 30 units to over 300 (!) using other people’s money, and why talking about metrics to a private lender might not be a great idea at first. If you want to 10x your real estate portfolio or build your empire faster, this is one show you can’t afford to miss!

In This Episode We Cover:

Who Matt Faircloth is
How they’ve reached 380 units to date
Tips for building wealth by investing in business
What you should know about opportunity cost
Finding deals versus making good deals
How to raise private money
Tips for starting a business with friends and family
A role-play call with David
The number one question potential cash providers ask
Why you should start with debt
A new way to look at debt
When the SEC gets involved
About his book
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad, Poor Dad by Robert Kiyosaki
Rich Dad’s Cashflow Quadrant by Robert Kiyosaki
Raising Private Capital by Matt Faircloth
Lifeonaire by by Steve Cook & Shaun McCloskey

Fire Round Questions

Tweetable Topics:

“When it comes to raising money, you got to establish trust first.” (Tweet This!)
“People should start with debt.” (Tweet This!)
“It’s not about finding good deals, it’s about making good deals.” (Tweet This!)
“You’ve got to squeeze the lemon and make something out of it.” (Tweet This!)

Connect with Matt

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288: 75 Rental Units in Their Early 30s with Jason and Carrie Harris Jul 19, 2018

Show notes

It takes a long, long time to become successful in real estate and financially free — doesn’t it? Well, not according to the power couple on today’s show! In this episode of the BiggerPockets Podcast, we sit down with Utah’s Jason and Carrie Harris, who have built a sizable portfolio of more than seventy rental units over the past few years. These two have used a variety of creative financing strategies, and the lessons and stories they share are sure to inspire and educate you! Be sure to listen for the story of how they bought a four-plex for no money down, put $3,000 into it, and later made $186,000 in profit from that one deal. It’s unbelievable!

In This Episode We Cover:

Why real estate?
Their first deal
How they bought a four-plex and house-hacked it
How they finance their deals
Working their way with the bank
Their current number of doors
Commercial financing, residential financing, and partnerships
Analysing multiple properties
A deep dive on a deal
Raising the rent and without losing tenants
Lessons learned from an amazing deal
Buying properties with no money down
Upselling to their clients
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad, Poor Dad by Robert Kiyosaki
The Book on Investing with Low or No Money Down by Brandon Turner
Investing in Duplexes, Triplexes, and Quads by Larry Loftis
The Book on Rental Property Investing by Brandon Turner
The E-Myth Revisited by Michael E. Gerber
The E-Myth Real Estate Investor by Michael E. Gerber

Fire Round Questions

Tweetable Topics:

“We didn’t have a lot of money so we had to find ways to be creative.” (Tweet This!)
“You find a good enough deal, the money’s going to be there.” (Tweet This!)
“There’s a way there’s a solution. You have to make it work.” (Tweet This!)

Connect with Jason and Carrie

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287: Putting Together Real Estate Deals Using Creativity Instead of Cash with Shiloh Lundahl Jul 12, 2018

Show notes

How much money does it take to invest in real estate? Is there really such a thing as “no- or low-money down?” After you hear today’s interview, you’ll know the truth! Today we sit down with Shiloh Lundahl, a real estate investor who specializes in putting together deals using a variety of different no- and low-money strategies in some pretty unique combinations. From utilizing business lines of credit, to bringing in partners, to hard money, to lease options and beyond, this episode will give you tons of ammunition for your own creative finance deals. And don’t miss the incredible strategy that Shiloh uses today to make 300 percent more per deal than if he were to flip the home. It’s pretty darn fantastic!

In This Episode We Cover:

How Shiloh started his real estate investing journey
The book that helped him heal
Details about his first property
Office hacking and subleasing a sublease
His first flipping deal — $30K turned to $195K
How he bought his dream car
Losing $5K on his first flip
A hack with city inspectors
The importance of needing an assistant
The six different strategies he uses creatively
Moving to a lease-option model
Getting $800K in business lines of credit
Lease options and how he uses them
Selling properties 5–7 percent higher than the current ARV
Explaining lease option through videos
And SO much more!

Links from the Show

Books Mentioned in this Show

Long Distance Real Estate Investing by David Greene
Rich Dad, Poor Dad by Robert Kiyosaki
Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki
The Book on Investing with Low or No Money Down by Brandon Turner
The Richest Man in Babylon by George S. Clason
Shoe Dog by Phil Knight

Fire Round Questions

Tweetable Topics:

“Frustration comes from unmet expectations.” (Tweet This!)
“Each deal I learn quite a bit from it.” (Tweet This!)

Connect with Shiloh

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286: $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ Osborne Jul 05, 2018

Show notes

Ever have a conversation that is just impacts your life so powerfully you wish you could share it with everyone? That’s exactly what our conversation on today’s episode of the BiggerPockets Podcast is! Our guest, AJ Osborne, shares an incredible story of building his real estate business — which focuses on self-storage facilities — as a way to transition his family from rich to wealthy (and yes, there is a difference!) This show is packed with insight from AJ, including:

How a loss on his first deal directly led to millions of dollars in later profit
How to find underperforming real estate deals
How he made $13,000,000 in equity from a old Kmart building
And the medical emergency that put his real estate to the ultimate survival test while AJ fought for his life (this story will shock, amaze, and inspire you!)

This show is one of the most powerful episodes yet of the BiggerPockets Podcast, and we’re excited for you to dive in!

In This Episode We Cover:

His first deal that didn’t go the way he wanted… but the logic behind doing that deal (super important for every newbie)
The difference between being rich and being wealthy
Picking a wealth vehicle — and the difference between a Ferrari and a train
How to find an underperforming self storage building and turn it around (applies to any kind of real estate)
The Kmart story that helped him build around $13,000,000 in equity
Price / Convenience / Quality
Coma: “One of the most incredible stories I’ve ever heard”
Subsequent: Does your business survive “the coma test”?
And SO much more!

Links from the Show

Books Mentioned in this Show

The Essays of Warren Buffett by Warren Buffet & Lawrence A. Cunningham
The Obstacle is the Way by Ryan Holiday
Conspiracy Ryan Holiday

Fire Round Questions

Tweetable Topics:

“It’s not about overthinking things. It’s about finding things that work and putting them into action quickly.” (Tweet This!)
“There’s no way you win in life without having your agenda and being purposeful towards your agenda.” (Tweet This!)
“The economic downturn was my lucky break.” (Tweet This!)
“Work ethic is not enough.” (Tweet This!)

Connect with Aj

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285: 3 Reasons Multifamily Rentals Might Be the Perfect Investment with Paul Moore Jun 28, 2018

Show notes

Is there such thing as a “perfect investment?” According to today’s guest, yes. Today on the BiggerPockets Podcast we sit down with Paul Moore, a real estate investor whose 18-year journey through real estate has included house flipping, new construction, hotels, and finally—multifamily. In this episode, Paul shares three powerful reasons why multifamily might just be the most perfect real estate investment. You’ll learn how Paul discovered the vital difference between investing and speculating, why falling in love (with a deal) is incredibly dangerous, and the huge real estate gamble that Paul made that cost him $40,000. If you plan to eventually buy small multifamily properties, this is one podcast episode you can’t miss!

In This Episode We Cover:

Paul’s history and how he got into real estate
Bought a house for $34,000—painted it, and sold it for $65,000
Never fall in love with a deal
From two failed flips to 50 successful ones!
The difference between gambling and investing
How he built a Hyatt hotel with a partner and lost money
Some reason behind the dropping of homeownership
Why he thinks multifamily properties are perfect investments
How he looked at 180 deals this year
He sold an HR company in ’97 for almost $3 million. Ten years later he was 2.5 million in debt.
How he was able to end up debt free 13 months later
Financing an $8.7 million multifamily property
What is a green loan program?
The journey to a syndication process
How he’s been able to write a book, have a podcast, and write for BiggerPockets
Networking through BiggerPockets
And SO much more!

Links from the Show

Books Mentioned in this Show

Mastering the Rockefeller Habits by Verne Harnish
The Perfect Investment by Paul Moore
The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges
The ONE Thing by Jay Papasan and Gary Keller

Fire Round Questions

Tweetable Topics:

“Every percent drop in home ownership means a million new people in the renter pool.” (Tweet This!)
“When baby boomers rent, they never return to buying again.” (Tweet This!)
“Don’t fall in love with a deal.” (Tweet This!)
“Wealth built up slowly over time is the key to become successful.” (Tweet This!)

Connect with Paul

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284: The “Miracle” Behind Becoming a Millionaire with Hal Elrod and David Osborn Jun 21, 2018

Show notes

Wealth is not an accident, it’s a choice. And on today’s powerful episode of The BiggerPockets Podcast, you’ll learn exactly how to make that choice each and every day. We’re excited to bring back two return guests, Hal Elrod and David Osborn, to talk about the choices that wealthy people make to ensure they stay focused on reaching their goals. You’ll hear about Hal’s recent battle with cancer and the mindset that allowed him to overcome the odds and live. You’ll discover how your diet can make you wealthy and how to command your day from the moment you wake—even if you aren’t a morning person. And you’ll discover the powerful concept of having an “air game” in addition to your “ground game”—and how understanding the distinction can make you wealthier than you have ever dreamed. Packed with wisdom, humor, and incredible insight, this show will leave you pumped up and ready to choose wealth.

In This Episode We Cover:

Hal’s cancer survival story and the Miracle Morning movie
David’s latest updates
What their miracle mornings look like
How Miracle Morning for Millionaires came to be
Overcoming the “but I’m not a morning person” objection
How to own your agenda
Choosing to be wealthy
How to find the right group of people
The thing that’s more effective than work ethic
Tips on self leadership
How to develop unwavering focus
And SO much more!

Links from the Show

Books Mentioned in this Show

The Miracle Morning by Hal Elrod
Miracle Morning Millionaires by Hal Elrod, David Osborn & Honoree Corder
Secrets of the Millionaire Mind by T. Harv Eker
Rich Dad Poor Dad by Robert T. Kiyosaki
Rich Dad’s CASHFLOW Quadrant by Robert T. Kiyosaki
Wealth Can’t Wait by David Osborn

Tweetable Topics:

“It’s not about overthinking things. It’s about finding things that work and putting them into action quickly.” (Tweet This!)
“There’s no way you win in life without having your agenda and being purposeful towards your agenda.” (Tweet This!)
“The economic downturn was my lucky break.” (Tweet This!)
“Work ethic is not enough.” (Tweet This!)

Connect with Hal and David

The Miracle Morning Website

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283: 18 Houses in the First 18 Months with Paul Thompson Jun 14, 2018

Show notes

Start slow—or take off like a rocket? When it comes to real estate investing, the choice isn’t the same for all. This week, our guest Paul Thompson made a clear choice: Rocket! After realizing the fragile nature of his six-figure salary, he set out to replace his salary with passive income—as quickly as possible. This led him to average a new home purchase every month for the first year and a half, and soon he had true financial freedom and quit his 9–5. This show is packed full of actionable tips, including some never-before-heard-on-this-podcast strategies for finding deals with the use of virtual assistants, Craigslist, and cold calling! This is one episode for which you’ll need to take some notes, so grab a notebook and let’s get into it!

In This Episode We Cover:

Paul’s backstory prior to real estate investing
His first deal doing the BRRRR method
What is escape velocity?
P.I.L.E. (Passive Income greater than your Living Expenses)
How he manages his properties
Finding private money lenders through BiggerPockets
His system in making offers
Things he looks for in each deal
How to negotiate for seller financing
Subject-to explained
Why does he L.I.E. every day?
His interesting thoughts about money
How he balances his time
The third-party catalyst
And SO much more!

Links from the Show

Books Mentioned in this Show

Long-Distance Real Estate Investing by David Greene
The Book on Investing with No and Low Money Down by Brandon Turner
Building Wealth One House at a Time by John Schaub
The Richest Man in Babylon by George S. Clason
The Pumpkin Plan by Mike Michalowicz
Profit First by Mike Michalowicz
The Big Leap by Gay Hendricks

Fire Round Questions

Tweetable Topics:

“How many deals do you have is the wrong question to ask. It’s how much cashflow are you generating?” (Tweet This!)
“Never assume that what is important to you is important to the other party.” (Tweet This!)
“There is plenty of money for the things you really want.” (Tweet This!)
“You don’t want cash, you want what cash can give you.” (Tweet This!)

Connect with Paul

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282: How to Create the Perfect Partnership with Tim and Jay Jun 07, 2018

Show notes

When does one plus one equal WAY more than two? Real estate partnerships! On this episode of The BiggerPockets Podcast, we sit down with two real estate investors (Jay Helms and Tim Kelly) who were attempting to build their business alone, but found they could do far more together. In this fun and fast-paced interview, you’ll learn what makes their partnership so successful, as well as how the team analyzes a market (including several can’t-miss online research websites), and how they took down a 42-unit apartment complex using some pretty fantastic creative financing. Whether you plan to build your empire alone or alongside a partner, this episode is sure to give you a variety of tips and strategies to help your business take off.

In This Episode We Cover:

Tim’s background story and how he got into real estate
Using 203k loans to buy deals
Jay’s background and his live-in flip
Why they think they make up a good team
How they closed on an apartment complex 6-months after partnering up
How they found the deal and details about it
The importance of a clear and concise plan
How they financed the deal
Tips for finding the right partners
How to create a “sample deal package”
What to look for in a partner
Why they participate in the BiggerPockets Forums
How to network effectively
What a good deal is for them
And SO much more!

Links from the Show

Books Mentioned in this Show

How to Win Friends & Influence People by Dale Carnegie
Rich Dad Poor Dad by Robert Kiyosaki
The ABCs of Real Estate Investing by Ken McElroy
Sovereignty: The Battle for the Hearts and Minds of Men by Ryan Michler
Wild at Heart Field Manual by John Eldredge
Tax-Free Wealth by Tom Wheelwright

Fire Round Questions

Tweetable Topics:

“Is there a better way to first get involved in real estate than to leverage the power of the bank?” (Tweet This!)
“Once you figure out your why, then you will be able to set goals to support that why.” (Tweet This!)
“It’s more important to pick something than to get stuck choosing the right thing.” (Tweet This!)
“I want to live where I want to live and invest where it makes sense.” (Tweet This!)

Connect with Tim

Connect with Jay

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281: How to Get Your First Deal—An Episode For New Investors With Bill, Jacob, and David! May 31, 2018

Show notes

Your first deal might just be your most important — because it leads to all the rest. That’s why it’s so imperative to study others who have just recently purchased their first deal! So today we’re excited to bring you a mashup episode, in which we sit down with three different investors to hear how they bought their first few investment properties. You’ll hear how Bill went from ex-con to house hacker, how Jacob used some highly creative methods to find his first deals, and how David is building an empire from across the ocean. Don’t miss a moment of this powerful episode!

In This Episode We Cover:

Bill

Being imprisoned for 10 years
What changed in prison for Bill
Starting your business on the side
How he ended up investing in real estate
What went in his head with his first investment property
The beauty of keeping expenses low
Having tiny little steps

Jacob

Jake’s investing path
How he got into real estate
Buying a $25,000 house with a $140 monthly mortgage
Going for the smaller banks
Investing at a very young age
Joining local Facebook pages
His criteria for finding properties

David

David’s story and how he got to Hawaii
BRRR, OD, and HELOC
Paying close to 5 percent on a 10-unit apartment
Having a great team you can trust
How he built a meet up in Hawaii
And SO much more!

Links from the Show

Books Mentioned in this Show

The 21 Irrefutable Laws of Leadership by John C. Maxwell & Steven R. Covey
Awaken the Giant Within by Anthony Robbins
Rich Dad Poor Dad by Robert Kiyosaki
Long-Distance Real Estate Investing by David Greene
The Ultimate Beginner’s Guide to Real Estate Investing by BiggerPockets
The Advanced Guide to Real Estate Investing by Ken McElroy
How to Win Friends & Influence People by Dale Carnegie
The Miracle Morning by Hal Elrod
The 80/20 Principle by Richard Koch

Tweetable Topics:

“My success story didn’t started when I got out (from prison), it started right away in the very beginning.” (Tweet This!)
“Quit the things that are holding you back and have you put in the exact location you are.” (Tweet This!)
“Find a market that makes sense.” (Tweet This!)
“I want to buy something that is certainly desirable.” (Tweet This!)
“Highest risk is vacancy.” (Tweet This!)
“Become a person worth being around.” (Tweet This!)
“If they’ll like you, they’ll join.” (Tweet This!)

Connect with Bill