BiggerPockets Real Estate Podcast

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Latest Episodes:

270: Turning Your Primary Residence Into 40 Units & Financial Independence with Amy Arata Mar 15, 2018

Show notes

Plenty of people can purchase a house to live in. But how can you leverage that single home into many more real estate deals—enough to achieve financial independence? On today’s episode of The BiggerPockets Podcast we sit down with Amy Arata,...

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269: How the New Tax Code Affects Your Real Estate Investments with Amanda Han and Brandon Hall Mar 08, 2018

Show notes

Big changes are underway in the U.S. tax code—and it could make a huge difference to your bottom line. Thankfully, today on the BiggerPockets Podcast, we get to sit down with two CPAs who focus entirely on helping real estate investors navigate the tax code! Amanda Han and Brandon Hall join us today as we dive deep into the new changes—plus tackle some of the most common questions new real estate investors ask!

In This Episode We Cover:

Who are Amanda and Brandon?
Changes of the new tax bill
What is passthrough deduction?
Increasing the depreciation schedule
The concept of cost segregation
The 1031 exchange provisions have been modified
Using 1031
Business interest limitation
What is a tax shelter?
Section 179 — write off 100 percent as an asset
What can a investor do now?
When do you need a CPA?
Some more free tax advice
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on Tax Strategies for the Savvy Real Estate Investorby Amanda Han and Matthew MacFarland
Rich Dad Poor Dad by Robert Kiyosaki
What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli
The 4-Hour Workweek by Timothy Ferriss
Building a StoryBrand by Donald Miller

Tweetable Topics:

“Hire the right people right away.” (Tweet This!)

Connect with Amanda

Connect with Brandon

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268: Acquiring 20 Long-Distance Rental Homes (on a Military Salary!) with Rich Carey Mar 01, 2018

Show notes

Many people feel that because their local market isn’t great for rental property cash flow, they can’t invest. Don’t tell that to today’s guest, who for the past decade has been doing just that—even while working full-time in the U.S. Military! Today’s guest is Rich Carey, who shares with us his strategy of buying rentals in one location, despite living in many different places across the world. Rich also discusses his strategy of NOT using leverage, instead choosing to buy properties with cash instead, which has allowed him to maximize his cash flow and has given him true financial independence. Rich’s story is inspiring and highly educational, so set aside time today to listen to the whole interview. We think you will really like this one!

In This Episode We Cover:

How he bought his first property while assigned in Guam
Tips for flipping new construction
Why you should consider switching investing style after a flop
Why you shouldn’t buy a house, unless…
Advice on long-distance house flipping
What you should know about partnerships and trust
His experience investing in properties in military bases
A discussion on leveraging properties
The importance of having a frugal lifestyle
Hiccups on his first property and valuable lessons from it
How he manages his properties out-of-state
And SO much more!

Links from the Show

Books Mentioned in this Show

The Total Money Makeover by David Ramsey
Set for Lifeby Scott Trench
Long Distance Real Estate Investing by David Greene
Rich Dad Poor Dad by Robert Kiyosaki
Fooled by Randomness by Nassim Nicholas Taleb

Fire Round Questions

Tweetable Topics:

“You can pay off a mortgage pretty fast when you put your effort into that.” (Tweet This!)
“I don’t believe that you have to wait for things to crash then invest everything.” (Tweet This!)

Connect with Rich

Rich’s Personal Blog
Email Rich

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267: From Professional Soccer Player to Rental Property Investor with Nat Borchers Feb 22, 2018

Show notes

How does a world-class soccer star set himself up for a lifetime of financial freedom? Rental properties! That’s the story on today’s episode of The BiggerPockets Podcast, where we sit down with Nat “The Beard” Borchersto learn how he built a sizable portfolio of rental properties while traveling the country (and the world!) as a professional athlete. Nat shares his humble “hammer-swinging” beginnings, as well as the systems that today allow him to live a life of freedom while others manage his units. Don’t miss a moment of this powerful and hilarious episode!

In This Episode We Cover:

Nat’s background as a professional soccer player and his first deal
His current number of properties
What exactly a 1031 exchange is
Expert tips for finding deals
How to use social networking to your advantage
Specifics on a recent deal
How he found great prices just an hour and a half from his area
How to increase the rent
Commercial loans vs. traditional loans
Sub-metering a property
The story behind why he hires property managers
His 28-house portfolio deal
And SO much more!

Links from the Show

Books Mentioned in this Show

How to Work a Room by Susan RoAne
How to Win Friends & Influence People by Dale Carnegie
Built to Last by Jim Collins
The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matt MacFarland
Defensive Real Estate Investing by William Bronchick
The Compound Effect by Darren Hardy
The Lifeonaire by Steve Cook

Fire Round Questions

Tweetable Topics:

“Today, you don’t find good deals. You make good deals.” (Tweet This!)
“Nothing ventured, nothing gained.” (Tweet This!)

Connect with Nat

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266: How We Used a Partnership to Buy 900 Units with Jake and Gino Feb 15, 2018

Show notes

We’re not going to lie: It was hard to come up with a title for this episode because we covered SO much—productivity strategies, morning routines, growing from zero to 900 units, partnerships, 1031 exchanges. Whether you are a top performing real estate expert or still looking for your first, you’ll leave this interview challenged, encouraged, and fired up to make some big changes in your life! Jake and Gino are full of energy and even more full of knowledge, so get ready for one awesome show.

In This Episode We Cover:

Who Jake and Gino are
The importance of having a picture in mind
Tips for having good morning habits
How they built ancillary businesses to support their real estate investing
Advice for finding the right employees
How to get into the first deal
How to balance being focused and building another revenue streams
Why partnerships are vitally important
What to seek in a partner
What their partnership looks like
Thoughts on using an LLC for each deal
What exactly cost segregation is
A discussion on holding properties forever
Their thoughts about 1031 exchanges
How they find deals
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki
The Miracle Morning by Hal Elrod
The Richest Man in Babylon by George S. Clason
The ABCs of Real Estate Investing by Ken McElroy
Investing in Fixer-Uppers by Jay DeCima
Think and Grow Rich by Napoleon Hill
Atlas Shrugged by Ayn Rand

Tweetable Topics:

“Have a picture in mind and just keep focusing on it.” (Tweet This!)
“You grow into your problems, and you outgrow your problems.” (Tweet This!)
“The fear is worst than the reality.” (Tweet This!)
“If you’re not thinking of creating value for the other person, then the partnership is not going to work.” (Tweet This!)
“Transactions are not going to create wealth; equity is going to create wealth.” (Tweet This!)

Connect with Jake and Gino

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265: Kidnapped by Russian Mobsters and How to Manage 13,000 Rental Units with Andrew Propst Feb 08, 2018

Show notes

Yes, really. Today’s guest was kidnapped in Russia by mobsters and not only lived to tell the tale, but he even went on to invest in rental real estate in a big way, building a massive property management business! In this show, Andrew Propst shares key insight into finding incredible property managers and solid tips for profitably managing your own tenants. Andrew also has some excellent tips for finding great real estate deals, so if rental properties are in your future, this is one show you don’t want to miss!

In This Episode We Cover:

The kidnapping story
How Andrew’s stubbornness to pay rent led him to invest in real estate
His first investment
Tips for finding the right property manager
The details on Andrew’s 42-unit multifamily property
How they managed to increase rents from $400 to $700
Useful property management resources
What you should know about cap rates
Tips on finding great deals
What he thinks about build to rent
What Andrew looks for in a market
Thoughts on renting to people with a prior eviction
The importance of enforcing the terms of the lease
A conversation about landlord-tenant laws
And SO much more!

Links from the Show

Books Mentioned in this Show

Long-Distance Real Estate Investing by David Greene
The Book on Rental Property Investing by Brandon Turner
How to Win Friends & Influence People by Dale Carnegie
Drive by Daniel H. Pink
The Book on Managing Rental Propertyies by Heather and Brandon Turner

Fire Round Questions

Tweetable Topics:

“You never know how important a property manager is until you hire a bad one.” (Tweet This!)
“Your job as a property manager is just to enforce the terms of the lease.” (Tweet This!)
“You’re doing your tenant a disservice if you’re not firm.” (Tweet This!)
“The lazy parents clean their child’s room.” (Tweet This!)
“The whole premise of Fair Housing laws is to treat everybody the same.” (Tweet This!)

Connect with Andrew

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264: Gary Vaynerchuk on Finding Deals Through Social Media & Crushing It as an Entrepreneur Feb 01, 2018

Show notes

In today’s world, anyone can call themselves an entrepreneur. But what does it really take to find success as one? That’s the topic on today’s inspiring episode of The BiggerPockets Podcast, where we sit down with New York Times bestselling author Gary Vaynerchuk, author of Crushing It!: How Great Entrepreneurs Build Their Business and Influence-and How You Can, TooI and host of The #AskGaryVee Show, one of the most popular vlogs online. Gary is one of the world’s foremost experts on using social media to drive a business forward, so in addition to an amazing discussion on hustle and motivation, Gary dives into several unique strategies for finding deals, networking with influencers, and growing your business using the power of social media.

In This Episode We Cover:

What Gary thinks is crazy about entrepreneurs today
Why you don’t “have to be” an entrepreneur or an investor
What you should know about the book Crushing It
The social media tools Gary uses
Why Facebook is so useful
How social media is the future
How real estate investors can use social media
Targeting the right people for your business through Facebook
How to use the concept of “smart hustle“
And SO much more!

Links from the Show

Books Mentioned in this Show

Crush It! by Gary Vaynerchuk
Crushing It! by Gary Vaynerchuk

Tweetable Topics:

“The thing that drives me crazy is that I just want everybody to win.” (Tweet This!)
“If you’re working 15 hours a day just for the money to then do the thing you love, you lost.” (Tweet This!)
“The great thing about entrepreneurship is that you only have to be right once.” (Tweet This!)

Connect with Gary

The #AskGaryVee Show
Planet of the Apps
VaynerMedial

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263: College Dropout to Owning 900+ Units with Bruce Petersen Jan 25, 2018

Show notes

Many people have dreams of owning large multifamily properties—but fail to get beyond small deals. Not today’s guest! Today, we sit down with Bruce Petersen, an investor from the Austin, TX area who started with a 48-unit syndication deal and hasn’t looked back! Bruce has some incredible stories and lessons from his time in the business, so if you ever plan to buy an apartment complex, this is one episode you need to pay close attention to!

In This Episode We Cover:

Bruce’s background
What a syndicator does
Why he started out with a 48-unit deal
Why it’s easier to handle a property with more units
The “deal triangle“
Tips for hosting a meet-up
The class system of properties
When to upgrade a unit
What exactly a preferred return is
How syndicating really works
How he included his daughters in the deal
How he finds deals
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dadby Robert T. Kiyosaki
Jab, Jab, Jab, Right Hook by Gary V.

Fire Round Questions

Tweetable Topics:

“Don’t ever pay off a piece of real estate ever. Not even your personal residence.” (Tweet This!)
“I’ve always syndicated everything.” (Tweet This!)

Connect with Bruce

Bruce’s BiggerPockets Profile
Bruce’s Website
Bruce’s Email

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262: $600,000 in Gross Rents from Mobile Home Parks with Jefferson Lilly Jan 18, 2018

Show notes

Mobile Home Parks can be one of the most profitable business models around, but learning to scale without losing all your time can be tough. That’s the story on today’s episode of the BiggerPockets Podcast, where we sit down with Jefferson Lilly to talk about how he’s acquired 2,600+ “pads” in the past few years and the lessons he’s learned in scaling. We also discuss the ins and outs of raising private money through a “fund,” which will both fascinate and educate you, so don’t miss a moment of it. Whether you want to buy mobile home parks or not, this is one show where the lessons will stick with you for life!

In This Episode We Cover:

Brandon’s mobile home park
Reasons why you should consider buying a mobile home park
The legality surrounding mobile home parks
How Jefferson came to own about 2,300 pads
What you should know about rent-to-own homes
How Jefferson markets their properties
Methods of payment for these rentals
A discussion on RVs vs. mobile homes
Jefferson’s thoughts on tiny houses
Getting to a “Mobile Home Park 2.0”
The 3 key hires for mobile home parks
What managing these mobile parks look like
Floods and other concerns when choosing a mobile home park
How to fund these days
How to find parks today
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on Investing with Low and No Money Down by Brandon Turner
Never Split the Difference by Chris Voss
Am I Being Too Subtle? by Sam Zell
The Snowball by Alice Schroeder

Tweetable Topics:

“Don’t kick anybody out of your deal. Just scale everybody back.” (Tweet This!)

Connect with Jefferson

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261: 16 Tips for Selling Properties Faster and for More Money with Mindy Jensen Jan 11, 2018

Show notes

Here on the BiggerPockets Podcast, we spend a lot of time talking about buying properties—but what about needing to sell them? How does someone get top dollar and get their home sold quickly? Well, today on the podcast, we’re excited to dive deep into this topic with Mindy Jensen, the Community Manager at BiggerPockets and author of the newest book from BiggerPockets, How to Sell Your Home. You might know some of these tips—but others might just blow your mind (and make you thousands next time you sell a property), so grab a pencil and paper and get ready to take some notes!

In This Episode We Cover:

Mindy’s story

How to pay zero dollars in capital gain taxes

The tax exemptions involved with getting married

What exactly a live-in flip is

16 ways to sell your property: