BiggerPockets Real Estate Podcast

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Latest Episodes:

240: Flipping Your Way Out of (Student Loan) Debt & the Transition to Rentals with Brentin Hess Aug 17, 2017

Show notes

Financial debt (like student loans or credit cards) is irritating, expensive, and flat-out dangerous. But you don’t have to be stuck paying the minimum payments for decades like most Americans.

Today, we’re excited to introduce you to Brentin Hess, a young investor who “flipped his way out of student loan debt” and has already been able to quit his job thanks to his real estate investments.

You’ll learn how Brentin used a partnership to begin his house flipping journey, as well as the mistakes that cost him time and money in the beginning. Brentin is incredibly inspiring, so take time to listen to this entire episode—and prepare to have a fire lit beneath you!

In This Episode We Cover:

Tips for getting into real estate at a young age
Brentin’s experience of having a real estate license at 19 years old
How his first partnership came to fruition
How to deal with contractors when you’re young
The details of his first deal
Tips for leveraging capital
What exactly a Guidance Line of Credit is
The importance of building relationships
Why he shifted from flipping to rental properties
How he financed a multifamily deal
Tips for finding the right partners
When you should consider the rent as stabilized
How he quit his job
The story of how Gary Vaynerchuck was a guest for his event
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki
Crush It! by Gary Vaynerchuk
The Millionaire Real Estate Investor by Gary Keller
How to Make Big Money in Small Apartments by Lance Edwards
Change Your Habits, Change Your Life by Tom Corley
The 7 Habits of Highly Effective People by Stephen Covey

Fire Round Questions

Tweetable Topics:

“A lot of people who are into real estate sales don’t even get into investing.” (Tweet This!)
“Flipping is transactional.” (Tweet This!)
“Time is a finite resource.” (Tweet This!)
“Life is boring if you’re not being creative.” (Tweet This!)

Connect with Brentin

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239: Achieving Financial Freedom at Age 32 with Austin Fruechting Aug 10, 2017

Show notes

Many people dream of achieving financial freedom, but how many actually get there? Today on The BiggerPockets Podcast, you’ll meet one man who did just that. Austin Fruechting began buying rental properties less than 10 years ago, but by the age of 32 was able to retire on the cash flow coming in.

You’ll learn just how he was able to do this by reverse engineering success, buying rental properties in bulk, and using the BRRRR strategy to minimize the cash he needed to buy his properties. Whether you are looking to achieve financial freedom at 32, 52, or 72, this podcast is one you don’t want to miss!

In This Episode We Cover:

How Austin got started in just 9 months
The details of his first deal
Tips for accessing lines of credit as a newbie
What you should know about unsecured lines of credit
How he finds the deals
Why he doesn’t invest in turnkey properties
How to map out the passive income financial freedom involves
What it’s like to achieve financial freedom at 32
What exactly a long-term buy and hold is
How to find a good property manager
The best deal Austin’s ever done
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki
Thinking, Fast and Slow by Daniel Kahneman

Fire Round Questions

Tweetable Topics:

“The fear is always going to be conquered by knowledge.” (Tweet This!)
“When the right deal is there, I do whatever it takes to get it done.” (Tweet This!)
“As long as you keep proving yourself, it opens some other doors.” (Tweet This!)
“All of the pros started as complete novices and beginners too.” (Tweet This!)

Connect with Austin

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238: Becoming a Real Estate Millionaire on a Teacher’s Salary with Michael “Swanny” Swan Aug 03, 2017

Show notes

Is it possible to invest in real estate if you live in an expensive market—and earn a teacher’s salary? According to today’s guest, it’s not only possible, but it can be incredibly profitable!

Today’s guest, Michael Swan, is a P.E. teacher who lives in San Diego but has used the valuable real estate concept known as “trading up” to acquire millions of dollars in real estate. You’ll learn why Michael liquidated his entire retirement plan to buy his first few deals, the truth about “luck” and real estate, and some fantastic tips for buying and managing properties—even from a distance. (And if you work a full-time job or make less than $100,000 per year, this show might just change your life!)

In This Episode We Cover:

Why Michael’s nickname is Swanny
How he realized his financial ladder was leaning on the wrong building
Tips for utilizing IRAs and penalties
Whether purchasing 11 condos is a good idea or not
The story of the 15-unit apartment complex
How he went from $5k in cash flow to $24k
Whether luck had to do with his great deals
Tips for buying areas in with both cash flow and appreciation
His formula for financial freedom (using multifamilies)
A discussion on single families versus multifamilies
How to find deals in your market
Tips for seeking out the perfect property manager
How many units he has now
How to tackle big projects
How he manages his work with his time as a teacher
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki
Multi-Family Millions by David Lindahl
Loopholes of Real Estate by Garrett Sutton
The 7 Habits of Highly Effective by Stephen Covey
Think and Grow Rich by Napoleon Hill
The 10X Rule by Grant Cardone

Fire Round Questions

Tweetable Topics:

“Living in San Diego, if I am able to do it, anybody can do it.” (Tweet This!)
“Luck is when preparation meets opportunity.” (Tweet This!)
“Make sure you make connections with everybody.” (Tweet This!)
“I don’t take advice from someone that has less than me.” (Tweet This!)

Connect with Michael

Michael’s BiggerPockets Profile

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237: Partnerships & BRRRR Investing While Working Full-Time With Ian Reeves Jul 27, 2017

Show notes

In this episode of The BiggerPockets Podcast, we’re excited to talk about two incredibly powerful strategies any real estate investor (new or experienced!) can use to grow their business: partnerships and BRRRR investing.

Today’s guest, Ian Reeves, used a combination of both these strategies to build an incredible portfolio in just the past few years, having started after listening to this very podcast. This episode is sure to blow your mind with both education and entertainment, so sit back and prepare to have your world rocked forever!

In This Episode We Cover:

How Ian got started
The details of his first property
Why house hacking is a good idea
How he has 65 units already
Why he chose partnership
Tips for finding the right partners through BiggerPockets
The pros of being a part of an REI meetup
What you should know about the BRRRR strategy
A look into whether you should buy expensive properties
Where he got his initial loan
The dangers of commercial loans
The importance of having the right mindset
The secret to scaling quickly
The worst deal he has ever done
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki
The Millionaire Real Estate Investor by Gary Keller
The Miracle Morning by Hal Elrod
Set for Life by Scott Trench
The One Thingby Gary Keller and Jay Papasan
The Book on Rental Property Investing by Brandon Turner
The 4-Hour Work Week by Tim Ferriss
Mastery by Robert Greene
80/20 Sales and Marketing by Perry Marshall

Fire Round Questions

Tweetable Topics:

“It’s a dangerous situation when you are not reinvesting your profits.” (Tweet This!)
“Fifty percent of a deal is better than 100 percent of no deal.” (Tweet This!)
“Just tell the people what you’re doing and they can sense the passion.” (Tweet This!)
“All the information that you could ever want is already out there. It’s up to you if you implement or not.” (Tweet This!)

Connect with Ian

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

236: From Tragedy to Broke to $400,000 a Month with Lance Wakefield Jul 20, 2017

Show notes

How does one scale a real estate investing business to hundreds of thousands of dollars in profit in under two years?

That’s the topic on today’s episode of The BiggerPockets Podcast, where you’ll hear just how Lance Wakefield, a real estate wholesaler in the Dallas area, accomplished that amazing feat. You’ll hear Lance’s powerful story of hitting rock bottom through numerous tragedies that hit him all at once and the devastation that caused—but you’ll also hear how he went from having just $3,500 to his name to earning over $400,000 in profit in less than 18 months.

This show is motivating, educational, powerful, and moving—so don’t miss a moment of it. This is one show you’ll want to bookmark and listen to over and over and over again!

In This Episode We Cover:

What Lance did before real estate investing
How he learned to flip homes at the age of 15
The concept of “house hacking” car dealerships
The life tragedies that led him to lose everything
Why stupid deals provide priceless teaching moments
How to achieve massive success in just 21 months
Why he teamed up with his wife
The story behind their first deal
What to know about the 2% Rule
What you get when you spend $50k/month on marketing
How to build out your processes
How to obtain the right mailing list
The software he uses to build his deal funnel
How he determines the needs of the seller
How to make real estate investing a business
What’s next for Lance
And SO much more!

Links from the Show

Books Mentioned in this Show

Trump-Style Negotiation by George Ross
Multipliers by Liz Wiseman
Traction by Gino Wickman
The Miracle Morning by Hal Elrod
Set for Life by Scott Trench

Fire Round Questions

Tweetable Topics:

“It was stupid to do as a deal. But as a learning experience, it was priceless.” (Tweet This!)
“Our goal is to meet the need of the seller.” (Tweet This!)
“When you are not focusing on the revenue, you are focusing on the wrong thing.” (Tweet This!)
“Negotiation is everything. It is the key to real estate.” (Tweet This!)

Connect with Lance

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235: How to Find and Fund Real Estate Deals with Anson Young Jul 13, 2017

Show notes

From the millions of people who come to BiggerPockets each month, there are two issues that we hear about over and over and over: People can’t find deals, and they can’t find money.

So today on the BiggerPockets Podcast,we’re excited to dive deep into these two issues with a good friend of BiggerPockets—Anson Young. Anson is an experienced investor (and new author!) who shares his best tips for finding real estate deals, even in a competitive market. You’ll learn his best direct mail tips, advice for talking with sellers, and much, much more!

In This Episode We Cover:

Who is Anson Young?
How many deals he has done so far
The most common mistakes made when finding deals
How to set the right criteria
Where to find great properties
How to cut through the competition
Tips for using CRMS and checklists for direct mail marketing
Where Anson gets his lists
What exactly a probate is
How to maximize networking and referrals
How to use bandit signs the right way
The bonuses you’ll get with Anson’s book
What you need to know about funding deals
And SO much more!

Links from the Show

Books Mentioned in this Show

Finding and Funding Great Deals by Anson Young
The book on investing with Low or No Money Down by Brandon Turner
The Checklist Manifesto by Atul Gawande
Rich Dad Poor Dad by Robert Kiyosaki
The Obstacle Is the Way by Ryan Holiday
Ego Is the Enemy by Ryan Holiday

Tweetable Topics:

“Step one is always finding out where you want to be for what you want to do.” (Tweet This!)
“The more work it takes, the less competition I have.” (Tweet This!)
“I don’t trust anyone’s numbers.” (Tweet This!)

Connect with Anson

Anson’s BiggerPockets Profile

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

234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock Jul 06, 2017

Show notes

People often toss around the term “passive income” when it comes to owning rental properties. And, in truth, there are ways to make managing tenants passive. But for the majority of investors, being a landlord can be tough.

On today’s show, we talk with Ryan Murdock, an investor and property manager from Maine about the lessons he’s learned building up his rental portfolio. Ryan also shares his story of going to the brink of financial ruin with a “no money” deal and how to avoid losing your shirt when doing creative financing.

In This Episode We Cover:

How Ryan started by reading a book
The beauty of house hacking
Why he started his own property management company
Tips for dealing with inherited tenants
How to find good agents
Thoughts on having an agency to “sponsor” you
How to know when to quit your job
The things he misjudged while buying houses
How capital plays a huge role
How to accurately estimate costs when fixing properties
How many rental units he has
Tips for finding properties through the BiggerPockets Marketplace
What metrics he uses to decide on a property
How he funded his deals
What he would do differently if he started again
The BRRRR strategy
And SO much more!

Links from the Show

Books Mentioned in this Show

Set for Life by Scott Trench
Property Management For Dummies by Grisworld
The book on investing with Low or No Money Down by Brandon Turner
The E-Myth by Michael Gerber
The ONE Thing by Gary Keller and Jay Papasan

Tweetable Topics:

“Don’t just quit and hope for the best.” (Tweet This!)
“Creative investing is not about being broke. It’s just about putting together a deal without your own money.” (Tweet This!)
“You either win or you learn.” (Tweet This!)

Connect with Ryan

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233: 15 Deals in the First 18 Months with Arianne Lemire Jun 29, 2017

Show notes

Some investors get started slowly—a deal here, a deal there. But for Arianne Lemire, going slow was not an option.

Arianne began investing just a year and a half ago but has already done 15 deals, with more coming in every month! How did she do it? As she explains, a powerful “why.” You’ll learn how Arianne turned her drive for financial independence into a real estate career that includes rentals, flips, and wholesaling.

Arianne’s story is powerful and will inspire you to blast off like a rocket to reach your destination!

In This Episode We Cover:

How Arianne got started through the BiggerPockets webinar!
Her very first deal
What “delayed financing exemption” means
How she used BiggerPockets to figure out her strategy and to find a lender
A discussion on whether you should get your real estate license
Where Arianne invests
How she shifted her strategy due to her “why”
How to handle being a female real estate investor
Tips for landing lots of deals in just two years
Where she is now in her business
What marketing strategy she uses
A general contractor horror story
The importance of surrounding yourself with the right people
What’s next for her
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert T. Kiyosaki
The Book on Rental Properties by Brandon Turner
Set for Life by Scott Trench
The Book on Flipping Houses by J. Scott
The Book on Rental Property Management by Brandon and Heather Turner
The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland
Procrastinate on Purpose by Rory Vaden

Tweetable Topics:

“It’s just a number’s game, so just submit as many offers as you can.” (Tweet This!)
“Instead of being a piece in the chessboard, you’re now looking over the chessboard.” (Tweet This!)
“Use your strengths to your advantage.” (Tweet This!)

Connect with Arianne

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232: The Four Lead Sources Nathan Brooks is Using to Flip 120 Houses a Year Jun 22, 2017

Show notes

Why do some people struggle finding one single real estate deal, when others are finding dozens each month? What’s the secret to getting consistent leads? According to our guest today, it’s relationships—and specifically, there are four types of relationships that bring him over 100 deals a year.

Today we’re excited to bring back Nathan Brooks as we dive deep into all four strategies he’s currently using to bring in incredible deals. And don’t miss the powerful discussion we had about leadership and the extreme ownership needed to take your business to the next level! This show is as funny as it is informative, so sit down and prepare for an amazing 90-minute episode!

In This Episode We Cover:

Nathan’s quick back story
How he finds all his properties
The importance of building relationships with the right people
The exact phrase he says to agents
How he uses the 80/20 principle in relationships
The four lead sources Nathan uses
Tips for dealing with wholesalers
The property management software he use
How to find and keep great contractors
How to take responsibility for the leadership of your team
And SO much more!

Fire Round Forum Links

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert T. Kiyosaki
The ONE Thing by Jay Papasan and Gary Keller
Traction by Gino Wickman
E-Myth by Michael Gerber
Extreme Ownership by Jocko Willink
The Millionaire Real Estate Investor by Gary Keller, Dave Jenks, and Jay Papasan
The Book on Rental Properties by Brandon Turner
Set for Life by Scott Trench

Tweetable Topics:

“It’s all about relationships.” (Tweet This!)
“If you can’t afford the management, you probably can’t afford the house.” (Tweet This!)
“You have to take responsibility for the leadership of your team.” (Tweet This!)

Connect with Nathan

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231: A Simple Strategy for Doing 25 Deals a Month with Brett Snodgrass Jun 15, 2017

Show notes

There are a lot of “shady” people in the real estate space, and wholesalers tend to be the worst offenders. So today on The BiggerPockets Podcast, we are excited to bring you an interview with Brett Snograss, an investor from Indianapolis market who’s (ethically) wholesaling up to 25 houses each month!

Brett shares his exact strategies for finding deals, growing his business, and networking with others. You’ll even witness a “one-on-two coaching” moment as Brett walks Josh and Brandon through their “first deal” at wholesaling real estate.

Brett is a great guy with a super powerful message that will leave you motivated and equipped to dominate your own real estate market!

In This Episode We Cover:

Brett’s background as an entrepreneur (and how he got sued!)
Tips for buying discounted real estate properties
How to get up to 25 properties a month
His definition of wholesaling
Why he doesn’t fix and flip
A discussion on whether this is a good strategy for newbies
How his company handles closing costs
Why wholesalers run a transactional business
The average profit per deal and a walkthrough of one deal
How to use direct mail and a PPC website
Tips for working on your marketing funnel
What Brett’s team looks like
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert T. Kiyosaki
The ONE Thing by Jay Papasan and Gary Keller
Traction by Gino Wickman
The Millionaire Next Door by Thomas J. Stanley
No B.S. Time Management for Entrepreneurs by Dan Kennedy

Tweetable Topics:

“Your reputation is everything.” (Tweet This!)
“If I can save myself 5 hours a week training somebody else to do what I’m doing, then that’d be awesome.” (Tweet This!)
“Wholesaling is a transactional business.” (Tweet This!)

Connect with Brett

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