BiggerPockets Real Estate Podcast

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Latest Episodes:

230: Real Estate Investing as a Side Hustle with Grammy-Winning Producer Seth Mosley Jun 08, 2017

Show notes

Real estate doesn’t need to be a full-time business, but it can be a fantastic side hustle! That’s the topic on today’s episode of The BiggerPockets Podcast, where we sit down with Seth Mosley, a musical artist and producer (with several Grammy awards to his name!) who invests in rental properties on the side.

Seth has a ton of great tips to share today for anyone looking to buy more real estate but not able to spend 40 hours a week doing it. And be sure to listen for his fascinating strategy on how he used a virtual assistant to help find and analyze deals! This show is packed full with tips, stories, and humor, so don’t miss a moment of it!

In This Episode We Cover:

How Seth started as a music producer, with investing as a side hustle
The tax advantages, appreciation, and other reasons why he chose real estate
How to know which path to take in real estate investing
How you can use 1030 exchanges to buy up to 6 units
His portfolio of 20 doors and where he invests
How he uses virtual assistants to help him find deals
Why you should consider starting an investment club
What you should know about S.I.D.E. H.U.S.T.L.E.
The importance of focusing on relationships
Tips for becoming a part-time investor
What’s next for Seth
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert T. Kiyosaki
The Checklist Manifesto by Atul Gawande
The Miracle Morning by Hal Elrod
The ONE Thing by Jay Papasan and Gary Keller

Tweetable Topics:

“Don’t be too attached just because you lived in it. View it as an investment.” (Tweet This!)
“If there’s no door, then just build one.” (Tweet This!)
“Just get started and get fancy later.” (Tweet This!)
“Don’t look for the cheapest property manager. Look for the best one. Hire slow and fire fast.” (Tweet This!)

Connect with Seth

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229: Early Retirement Through Short-Term Rental Properties with Zeona McIntyre Jun 01, 2017

Show notes

Not everyone wants to work a “real job”—but luckily, real estate investing can offer financial freedom for those willing to put in the work. Today’s guest on The BiggerPockets Podcast exemplifies this perfectly!

Our guest today, Zeona McIntyre, is a master at short-term (aka “vacation”) rental properties and has achieved early retirement with just a small handful of these units. On this fun episode, you’ll discover how Zeona began her rental journey before buying a single property, how short-term rentals can provide significantly more cash flow than traditional rentals, and numerous tips and tricks for getting the biggest bang for your buck.

We also chat on private lending, finding deals, and the amazing number of countries (and continents) Zeona has traveled to. Whether you plan to buy short-term rentals in your future or not, this show packs a powerful punch that everyone needs to hear!

In This Episode We Cover:

How Zeona got into the real estate game
Why she started out by subleasing her apartment as an Airbnb rental
Why you should see private money lenders as opportunities
Why reading the fine print is important before signing anything
How she found her next deal site unseen
What’s unique about her market
How she uses systems to manage her units
What early retirement means to her
Tips for managing vacation rentals at a distance
Discriminations and legalities on these properties
Airbnb hacks and tips
And SO much more!

Links from the Show

Books Mentioned in this Show

Set for Lifeby Scott Trench
Rich Dad Poor Dad by Robert T. Kiyosaki
The 4-Hour Workweek by Timothy Ferriss
The Big Leap by PhD Hendricks Gay

Tweetable Topics:

“You just take what you have and you leverage that.” (Tweet This!)
“You don’t fully understand until you’re in it, until you’re doing it.” (Tweet This!)
“You don’t have to be super studied. You just have to start doing it.” (Tweet This!)

Connect with Zeona

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228: Partnerships, Landlording, and Getting Started in Real Estate with Meghan McCallum May 25, 2017

Show notes

A lot of newbies get stuck when trying to get their first few deals. After all, figuring out how to find properties, how to get the money needed to buy them, and how to not mismanage the property are all big tasks.

That’s why we’re excited to bring you this powerful interview with Meghan McCallum, a real estate investor who’s passionate about helping new investors discover their best plan for real estate success.

Today, Meghan shares her story of a terrible first deal that led to an unbelievable second deal (you won’t believe the appreciation she’s seen!) and more. Meghan also shares on the first steps newbies need to do before jumping in, as well as the power of using partnerships to gain experience and financing for your deals!

In This Episode We Cover:

Meghan’s journey to her first deal from being a firefighter in Kuwait
How she bought a $280k property that now is worth $875k
Her thoughts about house hacking
Tips on handling an inherited tenant
How to build the systems and team you need to scale
Why you should figure out who you are as an investor first
Why you should seek out a partner and not a mentor
Thoughts on “speed dating” for real estate investors
Their next deal (the story of knee-high poop)
What exactly an “escalation clause” is
And SO much more!

Links from the Show

Books Mentioned in this Show

Set for Lifeby Scott Trench
Brandon Turner’s The Book on Rental Property Investing
Crushing It in Apartments and Commercial Real Estate by Brian Murray
The Gifts of Imperfection by Brene Brown

Tweetable Topics:

“We forget in real estate investing that people are people. So like in all relationships, you set ground rules.” (Tweet This!)
“We all gravitate to what we’re great at, and what we’re great at makes us happy.” (Tweet This!)
“You need to know who you are first as an investor before you even consider what type of investment to get into.” (Tweet This!)
“I build my business around good people.” (Tweet This!)

Connect with Meghan

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227: From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless May 18, 2017

Show notes

Scaling: It’s a term often tossed around in business and real estate, but what does it actually look like? Today on the BiggerPockets Podcast, you’ll see firsthand how one investor went from a small handful of single family houses to purchasing over $130,000,000 worth of apartment communities in just the past few years.

Our guest, Joe Fairless, has a great story that will show you how you can get started with larger multifamily properties, including several ways to find and finance those big deals. Whether you are looking for your first deal or a 250 unit apartment community, this is one show you can’t afford to miss!

In This Episode We Cover:

Joe’s background
His first property in Texas
Tips for those investing out-of-state
The benefits and dangers of buying properties virtually
Why he no longer does single family properties
How to qualify a market
Markets that Joe thinks work
Tips on finding partners and funding deals
What exactly a master lease is
How to network and get people in a deal with you
How much money he puts in each deal
How they find their apartment deals
What a stabilized property is
And SO much more!

Links from the Show

BiggerPockets Forums
The ONE Thing Podcast
CoStar
JF 82: House Hacking Tips Revealed (podcast)
Tony Robbins
Malcolm Gladwell
Tim Ferriss

Books Mentioned in this Show

Set for Lifeby Scott Trench
Real Estate Investing for Dummies by Eric Tyson and Robert S. Griswold
Rich Dad Poor Dad by Robert T. Kiyosaki
The Driving Force: Six Human Needs by Anthony Robbins
Crucial Conversations by Kerry Patterson

Tweetable Topics:

“I’ve never visited the house before I’ve bought it.” (Tweet This!)
“The bigger dollars are in the value-add opportunities.” (Tweet This!)
“You want to have customers before you have a product.” (Tweet This!)

Connect with Joe

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226: From D-Student to $400,000 in Annual Rental Property Cash Flow with David Osborn May 11, 2017

Show notes

What does true wealth look like? Is it simply money or something more? And how does one achieve that wealth? That’s the topic on today’s episode of The BiggerPockets Podcast, where we sit down with David Osborn, a highly successful real estate investor, agent, and New York Times Bestselling author from Austin, TX.

This show is PACKED with incredible, life-changing knowledge, advice, and wisdom from someone who truly walks his talk. David covers everything from buying your first property, the exact “pass/fail” metrics he uses to evaluate potential deals, the importance of work/life balance, and SO much more!

This is one episode you’ll want to listen to again and again!

In This Episode We Cover:

A little about David’s background
How being lazy can actually work
His rental portfolio
How he’s managed to build his portfolio easily
His advice to those who are still starting out
The importance of hanging out with winners
The three main things that he focuses on his life
How he learns best
The story behind “wealth can’t wait”
A conversation on the definition of wealth
What can be improved in the current curriculum
How to know when enough is enough
How to gain momentum in real estate
David’s goals for the next 20 years
And SO much more!

Links from the Show

Books Mentioned in this Show

Set for Lifeby Scott Trench
Wealth Can’t Wait by David Osborn
Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki
Real Estate Riches by Dolf de Roos
Secrets of Power Negotiating by Roger Dawson
The ONE Thing by Gary Keller and Jay Papasan
As a Man Thinketh by James Allen

Tweetable Topics:

“It’s all about opportunity in life. So you won’t be ready for the opportunity unless you’re prepared.” (Tweet This!)
“If you want to be a winner, you’ve got to hangout with winners.” (Tweet This!)
“Wealth is not just really about money. It’s about an entire way of living. It’s a state of mind.” (Tweet This!)
“The biggest risks in life is not taking risks.” (Tweet This!)

Connect with David

David’s Personal Website

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225: Surviving a Real Estate Crash and Investing Out-of-State with Kathy Fettke May 04, 2017

Show notes

A lot of investors love to talk about the good times. But for life-long real estate investors, failure is often inevitable, especially during real estate crashes. That’s why we’re excited to bring you this discussion with Kathy Fettke today on the BiggerPockets Podcast.

Kathy started her journey toward financial independence after receiving shocking news from a doctor, but used that motivation to begin investing. Alongside her husband, Kathy built up an impressive portfolio but struggled during the latest real estate crash.

Still, she was able to emerge (and thrive) from the lessons learned. Today, Kathy shares how to avoid the mistakes that led to her difficult times! She also shares insight into buying real estate at a distance and handling the problems that can arise from long-distance landlording.

In This Episode We Cover:

The story behind the radio show
How Kathy landed her first deal without money down
How she converted single family units to multifamilies
A discussion on FHA loans and house hacking
Key pieces of Robert Kiyosaki’s advice
Tips on buying from a distance and using property managers
What you should know about finding the right agents, CPAs, and property managers
What happened when Kathy got “too confident”
The important lessons she learned after the collapse
What metrics to look for in a market
What it takes to come up with $3 million in five minutes
And SO much more!

Links from the Show

Books Mentioned in this Show

Set for Lifeby Scott Trench
Extreme Success by Rich Fettke
Retire Rich with Rentals by Kathy Fettke
The Millionaire Next Door by Thomas J. Stanley
Priceless by William Poundstone
The Da Vinci Code by Dan Brown
Wealth Can’t Wait by David Osborn
Augmented by Brett King

Tweetable Topics:

“The hardest times in our lives tend to be the times when we have to dig deep.” (Tweet This!)
“Any time you get in front of the path of progress, you’re going to make money.” (Tweet This!)
“If you can’t buy this car with cash, you shouldn’t have it.” (Tweet This!)

Connect with Kathy

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224: Building a Process to Buy 17 Deals a Week with Chris Clothier Apr 27, 2017

Show notes

What does it take to buy 17 deals a week? What if we told you it was the exact same process needed to buy just one deal per year?

That’s the topic on today’s show, where we sit down with Chris Clothier to talk about how his company is buying up to 17 deals a week following the same process any investor can to get their own deals. Chris also shares keen insight into building up a thriving business, hiring your first or next employee, why he decided to run a 100-mile ultra-marathon, and much more.

Whether you are looking to buy one deal a year or one deal a day, this show will have a tremendous impact on your life!

In This Episode We Cover:

A quick recap on who Chris is
How he started a turnkey company that now boasts 1,800 clients
Tips for building the infrastructure of a business
Why you should hire people
The details on his process for offering on deals
How Chris finds deals
Thoughts on buying houses through social media
A step-by-step guide on how to actually find and close a deal
His ultra-marathon story (and how this relates to real estate)
And SO much more!

Links from the Show

Email SetForLife@biggerpockets.com
BiggerPockets Forums
Be an Author
Ben Leybovich’s BP Profile
Brian Burke’s BiggerPockets Profile
Serge Shukhat’s BiggerPockets Profile
Building a Scalable Real Estate Business and Tenant Management Tips with Chris Clothier (podcast)
5 Myths Holding Investors Back From Real Estate Greatness with Chris Clothier (podcast)
Building Wealth and Passive Income with Rental Properties with Ben Leybovich, Brian Burke, and Serge Shukhat (podcast)
Carleton Sheets

Books Mentioned in this Show

Set for Lifeby Scott Trench (email setforlife@biggerpockets.com)
Make It BIG! by Frank McKinney
The 4-Hour Workweek by Tim Ferriss
Stealing Fire by Steven Kotler
Blue Ocean Strategy by W. Chan Kim

Tweetable Topics:

“I’m not a businessman; I’m a business man.” (Tweet This!)
“There’s no better advice that I can give somebody than to be honest and upfront.” (Tweet This!)
“Personal relationships are going to help you earn in your business.” (Tweet This!)
“Any investor should be able to find a deal that makes sense in any city during any market, up or down.” (Tweet This!)
“A good passive investments allows you to sleep well at night.” (Tweet This!)

Connect with Chris

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

223: How to Become Set for Life Through House Hacking, Frugality, and Maximizing Your Income with Scott Trench Apr 20, 2017

Show notes

A lot of people want to achieve financial freedom—but many who start the journey never arrive. So what’s the best way to truly set yourself up for success in achieving financial independence and wealth?

That’s the topic of today’s show, where we sit down with Scott Trench, author of Set for Life,to discuss some of the simple yet powerful, tactics people can use to increase their income, reduce their expenses, and lead a legendary life.

In This Episode We Cover:

A little bit on Scott‘s background
The path to early financial freedom
How to house hack your way to a portfolio of properties
Tips for using the BRRRR method
How to invest despite what the market situation is
An introduction to the book Set for Life
The three stages of wealth mentioned in the book
What you should know about the “financial runway“
The bonuses that comes with the book
A discussion on making more money
The importance of finding a job you love
How to get the set of skills you need to succeed
Scott’s advice to those who are getting their first deal
And SO much more!

Links from the Show

Books Mentioned in this Show

Set for Lifeby Scott Trench (email setforlife@biggerpockets.com)
The Book on Rental Property Investing by Brandon Turner
The ONE Thing by Gary Keller and Jay Papasan
Rich Dad Poor Dad by Robert T. Kiyosaki

Tweetable Topics:

“It’s not just about being thrifty or cheap; it’s about being smart.” (Tweet This!)
“Because we were responsible financially, we were able to take risks.” (Tweet This!)
“Understand that what I’m doing today is what I need to get to the next level.” (Tweet This!)

Connect with Scott

Scott’s BiggerPockets Profile

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

222: Lessons Learned from 40+ Years as a Real Estate Investor with Jay Hinrichs Apr 13, 2017

Show notes

Success leaves clues! Rather than trying to figure it all out on your own, why not listen to someone who has been involved with nearly every aspect of real estate for decades?

On today’s episode of The BiggerPockets Podcast, we sit down with Jay Hinrichs, an investor and hard money lender from Oregon, to learn how he has navigated the real estate market for more than 40 years—and how you can grow your own business from his wisdom!

In This Episode We Cover:

How Jay Hinrichs started when he was 18
A discussion on whether you should get a license or not
His first houses in the Bay area
Why agents are not investing
What a hard money lender is
How to be approved by hard money lender
How Jay became the largest hard money lender in his area
Why you should consider the BRRRR strategy (and how he’s been doing it for years)
How to do something nice for somebody (through BiggerPockets)
Why you should go ask in the Forums
Tips for finding the right partners
How to get the “lion’s share“
The most common question in the Forums
And SO much more!

Links from the Show

Books Mentioned in this Show

Think and Grow Richby Napoleon Hill
Rocket Fuel by Gino Wickman

Tweetable Topics:

“When you’re starting out and you don’t have the money, you need to honor the money.” (Tweet This!)
“Any investor that I bring in a deal always makes more money than I do.” (Tweet This!)
“I will never retire. I’ll be doing this until I’m not functional. I love what I do.” (Tweet This!)
“Every market is different. You have to play to the market.” (Tweet This!)

Connect with Jay

Jay’s BiggerPockets Profile

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

221: Buy and Hold Real Estate—What Works and What Doesn’t with Tim Shiner Apr 06, 2017

Show notes

A lot of people want to invest in rental properties, but a lot of people also fail when they jump in. Why? That’s the topic on today’s episode of the BiggerPockets Podcast, where we sit down with Tim Shiner to learn his story of going from zero to over 150 units and the lessons he picked up along the way.

You’ll hear some incredible strategies for getting unicorn deals when there are multiple offers, the #1 most important characteristic Tim looks for when buying a property, and why he focuses primarily on “higher end” rental houses. You’ll love all the humor, wisdom, and knowledge Tim brings to the show, so sit down, relax, and be prepared to learn!

In This Episode We Cover:

How he got started buying quality real estate
What makes his location special
Why he doesn’t have a real estate license
The importance of looking at the “horizon” and the end goal
A discussion on diversification on investments
The story of the “big white card board“
Why you should focus on what you are better at
Tips for finding mentors
The details on his 140 deals
Insight into the debate on high-end vs. low-end properties
Why he loves appreciation
Tips for partnering with your significant other
A discussion on buying your kid a property
How he finds deals
Why you should set a goal, achieve it, and reward yourself
And SO much more!

Links from the Show

Books Mentioned in this Show

Elon Musk by Ashlee Vance
Rich Dad Poor Dadby Robert Kiyosaki
Rich Dad’s CASHFLOW Quadrantby Robert Kiyosaki
The 10X Rule by Grant Cardone
50 Things They Didn’t Teach You in School by Tim Shiner

Tweetable Topics:

“Nobody cares as much about your investments as much as you do.” (Tweet This!)
“The goal is to get as many checks coming in the mail as possibly as you can.” (Tweet This!)
“If you have a strong enough ‘why’ while you invest, that will plow your way.” (Tweet This!)
“Set a goal, achieve it, and reward yourself.” (Tweet This!)

Connect with Tim

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