BiggerPockets Real Estate Podcast

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Latest Episodes:

220: Student Rentals, Multifamily, & the Silent Cash Flow Killer with Jesse Fragale Mar 30, 2017

Show notes

Many people buy real estate hoping to make great cash flow. But all too often that cash flow is quickly eaten away by a silent but deadly thief.

In this episode of the BiggerPockets Podcast, Josh and Brandon sit down with real estate investor Jesse Fragale to hear his story and learn more about how this silent killer can eat away your profits if you don’t analyze a deal right. You’ll also learn how Jesse found a way to invest in a crazy expensive market, as well as tips on using partners, scaling to larger properties, and the worst pickup line Jesse has ever used!

In This Episode We Cover:

How Jason got into real estate because of a car
Why he chose the niche of student rentals
4 ways to earn in real estate
Tips for managing student rentals
The worst day of Jason’s life (aka why CapEx is important)
How much you should prepare for capital expenditures
The pros and cons of student rentals
Thoughts on jumping into multifamily
What you should know about the 50% rule
Tips for finding the cap rate in an area
How to fund a deals using a partnership
A discussion on setting expectations with property managers
And SO much more!

Links from the Show

Books Mentioned in this Show

The Wealthy Renter by Alex Avery
Landlording on Auto-Pilot by Mike Butler
Getting to Yesby Roger Fisher
The Book on Investing with No Money Downby Brandon Turner

Tweetable Topics:

“The bigger the deal, the easier it is to do.” (Tweet This!)
“If you bring people a good deal, I believe that they will take it for what it’s worth.” (Tweet This!)
“I think there’s success in every facet of real estate.” (Tweet This!)

Connect with Jesse

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219: Private Lending, Turnkey, and Crowdfunding Real Estate with Dr. Kenyon Meadows Mar 23, 2017

Show notes

Many people invest in real estate hoping to make “passive income” but instead find they work more than they would at a day job! But not all real estate niches require a lot of time—and today’s show proves that! Today on the BiggerPockets Podcast, we sit down with Dr Kenyon Meadows, a real estate investor who chooses to invest his money using a variety of passive real estate vehicles, including funding other real estate investors, investing out of state through several turnkey companies, and investing in over 30 crowdfunding deals! If you are looking to make your real estate more passive, this is one show you can’t afford to miss!

In This Episode We Cover:

Who Kenyon Meadows is
What you should know about alternative assets
How he got into real estate
How he structures his private money lending
Whether track records matter to him
How to impress a private money lender
Tips for building permanent wealth
How he got into turnkey properties
Advice on finding the right turnkey property provider
A look at the numbers for a turnkey property
How he structures his deals
How real estate crowdfunding deals work
Kenyon’s future plans
What he would tell someone starting out
A discussion on investments outside real estate
And SO much more!

Links from the Show

Books Mentioned in this Show

Essentialism by Greg McKeown
Bridge Over Troubled Wall Street by Mr. Stephen E. Gardner
The Alternative Answer by Bob Rice
Alternative Financial Medicine by Kenyon Meadows

Tweetable Topics:

“I don’t think you should invest in anything unless you really know the ins and outs of it.” (Tweet This!)
“Loaning is great, but if you want to build permanent wealth, then you’ve got to own this stuff.” (Tweet This!)

Connect with Kenyon

Kenyon’s Personal Website

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218: Driving for Deal Flow and Remarkable Educational Marketing with Erik Stark Mar 16, 2017

Show notes

Why is it some investors buy deals every single month, when others look for years without landing a single great real estate deal? Two words: deal flow. On today’s episode of the BiggerPockets Podcast, we sit down with Erik Stark to talk about how he consistently drives leads to his real estate business using “driving for dollars,” direct mail marketing, and a fascinating “education marketing” strategy that you’ll be excited to try for yourself!

In This Episode We Cover:

Erik’s background
What exactly deal flow is
The importance of focusing on the strategy
The first step in driving for dollars
How to identify a distressed vacant house
How he tracks his mailers
What systems he has in place, including outsourcing
Tips for finding out if there’s existing mortgage on a property
The Smart Sell Book he authored
What R3 zoning is
What’s changed in the past two years since he was interviewed
His plan for the next years
And SO much more!

Links from the Show

BiggerPockets Forums
BP Podcast 093: 0 to 400 Deals (in 5 Years!) via Smart Marketing with Erik Stark
Mike Cantu
Brandon’s Instagram – Beardy Brandon!

Books Mentioned in this Show

Rich Dad Poor Dadby Robert Kiyosaki
The Peebles Path to Real Estate Wealth by R. Donahue Peebles
The Success System That Never Fails by W. Clement Stone
Smart Sell Book by Erik Stark (Contact Erik directly)

Tweetable Topics:

“You need to stop chasing opportunity and start working a strategy.” (Tweet This!)
“I don’t want to spend my life trying to tell people why I’m better than everybody else.” (Tweet This!)
“If you are looking at properties and not writing offers, it’s like going to the gym and not working out.” (Tweet This!)
“Cash is everywhere now. There’s no shortage of cash; there’s a shortage of real opportunity.” (Tweet This!)

Connect with Erik

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

217: How to Work Less and Earn More Using the 80/20 Rule with Perry Marshall Mar 09, 2017

Show notes

Every day, our lives are consumed by things that simply don’t amount to much. In fact, most of your successes will come from a very small percentage of your activities. That’s the basic concept of the 80/20 rule, and today’s guest is one of the world’s foremost experts on using the 80/20 rule in business! Today’s guest is Perry Marshall, author of 80/20 Sales and Marketing: The Definitive Guide to Working Less and Making MoreE, and on today’s fascinating show, Perry dives into how to use this principle to work less and achieve more. And don’t miss the fascinating discussion on how to make $10,000 an hour; if you’ve never heard this concept before, it’s about to blow your mind (and business) into the stratosphere!

In This Episode We Cover:

Perry’s background and how he got into marketing
How he stumbled upon the 80/20 principle
Why it’s alright to let go of tenants causing you issues
The 80/20 inside the 80/20
How this affects investors with rental properties
What we can learn from the “principle of the 2700 espresso machine“
The most important thing in direct mail marketing
The 5 qualifiers you should know when selling
What to consider about the concept of retargeting
How to handle a bad response rate
A tip to help you make $10,000 an hour
Why you should say no to a lot more things
How to differentiate the $10 an hour job from the $10,000 an hour job
And SO much more!

Links from the Show

Books Mentioned in this Show

80/20 Sales and Marketing by Perry Marshall
Ultimate Guide to Google AdWords by Perry Marshall
Ultimate Guide to Facebook Advertising by Perry Marshall
The 80/20 Principle by Richard Koch
The Star Principle by Richard Koch
The Book of Proverbs

Tweetable Topics:

“80/20 is everywhere.” (Tweet This!)
“We can fix so many problems by doing so little.” (Tweet This!)
“Half of what you are doing right now you shouldn’t be doing.” (Tweet This!)

Connect with Perry

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

216: Buying 150 Houses and Experiencing a Financial Meltdown with Damion Lupo Mar 02, 2017

Show notes

On today’s episode of The BiggerPockets Podcast, we’re pumped to introduce you to Damion Lupo, an experienced real estate investor and hard money lender who has seen it all in real estate—both the good and bad! You’ll learn how it was Damion’s naiveté that led to his early success (and why naiveté matters), as well as the traits that helped Damion build up an incredibly successful cash-flowing business. And don’t miss Damion’s story of the murdered security guard or his golden answers to the question, “How do you get a lender to say yes?”

In This Episode We Cover:

Damion’s first deal that he financed with his Visa card
How you can be naive and still make it
A discussion on whether it’s harder to find deals nowadays
What you should know about driving for dollars
The deals he has done so far
The murdered guard story
Why he wants to be the bank
What exactly a lease option is
How he structures his partnership
A discussion on whether people should get an LLC or not
Damion’s view on cash flow
What he did to get through the downturn in 2008
Advice for those who want to be hard money lenders
Tips for convincing a hard money lender
What’s next for Damion
And SO much more!

Links from the Show

Visit Path to Purchase on your Biggerpockets Dashboard
BiggerPockets Events
BiggerPockets Forums
Pet Food
Meetup.com
Incorporate
The Profit with Marcus Lemonis

Books Mentioned in this Show

Rich Dad Poor Dad by Robert T. Kiyosaki
The Success Principles by Jack Canfield
Abundance by Peter Diamandis and Steven Kotler
Rich Dad’s Cashflow Quadrant by Robert T. Kiyosaki
Mastery by George Leonard

Tweetable Topics:

“With real estate, there was this unlimited potential that is really only limited by me and my thinking.” (Tweet This!)
“You can create massive financial wealth with real estate with an 8th grade education. Really, it’s up to you.” (Tweet This!)
“People don’t realize the laws of selling. You don’t close deals on your first time.” (Tweet This!)
“The way you do anything is the way you do everything.” (Tweet This!)
“The worst teacher is success.” (Tweet This!)

Connect with Damion

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215: Condo Conversions, Student Rentals, and Profiting in a Hot Market with Ricky Beliveau Feb 23, 2017

Show notes

Boston is a tough market. Prices are high, but even high rents aren’t enough to make it profitable to invest. Ricky Beliveau makes money by renting to students, converting small multifamily buildings into condos (it’s easier than you think!), and transitioning unused space into more bedrooms to add massive value.

In This Episode We Cover:

How Ricky started by borrowing money from his mom
Thoughts on buying an expensive property in an expensive market
How he got 4 signers and co-signers per unit
Tips for finding a property manager
The upsides to having a college rental
How he achieves next to zero vacancies
How he tenant-proofs his rentals
The value of his property today
The details of his next deals
How to find these gems of properties
What a condo conversion is
The average cost for condo conversion with an attorney
How he sets the HOA up
How to tell if a property is good for conversion
Thoughts on keeping a day job while investing
How to find reliable contractors
What’s next for Ricky
And SO much more!

Links from the Show

Books Mentioned in this Show

Flipping Confidential by Kirsten Kemp

Tweetable Topics:

“Let the experts do what they do well, and you can do what you do well.” (Tweet This!)
“If a property has a major foundation issue, your profits can just disappear.” (Tweet This!)
“Don’t say ‘I can’t.’ Instead, figure out a way to do it.” (Tweet This!)

Connect with Ricky

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214: Building a $30M Fund to Invest in Real Estate with Joel Sherlock Feb 16, 2017

Show notes

Some investors buy a single house. Some buy a small multifamily. But today on The BiggerPockets Podcast, we sit down with someone who jumped into real estate in a much bigger way! Joel Sherlock is an investor from Canada who put together a $30 million dollar fund to buy real estate in America. You’ll learn why he went this route and how you can follow a similar strategy in your own business. You’ll also learn about Joel’s entrance into the world of commercial real estate, including the pros and cons of that niche.

In This Episode We Cover:

How Joel started real estate back in college
Why he eventually moved his investing in Canada to America
How he was able to come up with $32 million in funds
What a “hurdle rate” is
Why he considers his model to be conservative
The kind of properties he’s buying
Why he chose Scottsdale
Innovative strategies for finding deals
How he “trades deals“
How to get fixed-priced bids from contractors
Why he’s made the move to commercial real estate
Why people avoid commercial real estate
How to evaluate strip malls
Tips for analyzing commercial deals
Future plans for his business
And SO much more!

Links from the Show

Books Mentioned in this Show

The Millionaire Real Estate Agent by Gary Keller
Shiftby Gary Keller
Think and Grow Rich by Napoleon Hill
The Saint, the Surfer, and the CEO by Robin Sharma

Tweetable Topics:

“It’s exactly the same thing, there is just more zeroes.” (Tweet This!)
“In the real estate sales world, as soon as you stop selling, you stop stop making money.” (Tweet This!)
“Getting started is the key. You don’t have to be great to start but you have to start to be great.” (Tweet This!)

Connect with Joel

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213: Investing in Real Estate without Being a Landlord with Noah Kagan Feb 09, 2017

Show notes

If there is one thing you can know for sure by listening to the BiggerPockets Podcast, it’s this: There are a LOT of ways to invest in real estate! That’s why we’re excited to bring you today’s interview with Noah Kagan, who invests in a different way than most of the guests we’ve had on the show. Noah currently runs several very successful internet businesses (SumoMe and AppSumo) and knew he didn’t want to be a landlord; Noah knows his best return is made in his business. Therefore, he devised his investing strategy around NOT being the landlord. Noah is a wealth of information and one of the most motivating humans we’ve ever met. So sit back and enjoy today’s episode with Noah!

In This Episode We Cover:

Who Noah Kagan is and how he got into real estate investing
What keeps newbies from buying their first investment properties
The ROI of other businesses as compared to real estate investing
A discussion on the 1% rule
Thoughts on whether a commercial property is a good first investment
Why you should find experienced real estate investors in your area
Tips for growing your capital
How Noah finances his deals
What you should know about asking other people for money or syndication
Why you should stop apologizing for being successful
How to grow your network
When should you stop learning and start doing
The importance of knowing where do you want to be in 5 years
Why you should visualize the destination
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on Investing with Low or No Money Downby Brandon Turner
The Miracle Morningby Hal Elrod
The Obstacle Is the Way by Ryan Holiday
The Ultimate Sales Machine by Chet Holmes
Confessions of a Real Estate Entrepreneur by James Randel

Tweetable Topics:

“It took me 10 years to actually be ready, not financially but mentally, to make that decision, to make that purchase.” (Tweet This!)
“The best deals happen off-market.” (Tweet This!)
“I think the trait of a successful person is resourcefulness.” (Tweet This!)
“If you want to find someone else to help you, you have to help someone else.” (Tweet This!)

Connect with Noah

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

212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray Feb 02, 2017

Show notes

How much does it cost to buy a large apartment complex? Millions? Think again! On today’s episode of The BiggerPockets Podcast, we’re excited to welcome back Brian Murray to the show. Brian, who was last seen on episode 126, has done some pretty amazing things over the past several years — including purchasing a 115-unit property that cost him nothing out of pocket (and, in fact, he walked out of closing with a massive check!). Whether you are looking to buy one house or a 100-unit property, this podcast will inform, motivate, and inspire you to massive action.

In This Episode We Cover:

What Brian has been doing since his last episode
The definition of “value-add” in real estate
Different ways to add value to a property
The story of how he turned an old motel into studio apartments
How Brian gets his tenants and the kinds of screening he uses
Why he focuses on keeping rents low
The location of these rentals
Why you should consider the “transient work force”
Details on how he got this deal
A discussion on raising money and working with partners
Tips for finding properties
How to handle agents and brokers
The story of the 115-unit Section 8 apartment complex
How a HUD contract crushed him
Whether you should consider managing a HUD property or not
How Brian sold the property for $3.2 million
His advice for aspiring investors
And SO much more!

Links from the Show

Books Mentioned in this Show

Crushing It in Apartments and Commercial Real Estate by Brian H Murray
The Book on Rental Property Investing by Brandon Turner
The Obstacle Is the Way by Ryan Holiday

Tweetable Topics:

“It’s about the journey and I definitely don’t want to feel that I’m lock into something, like some arbitrary number.” (Tweet This!)
“You don’t want to take on more debt than you can handle.” (Tweet This!)
“If somebody says no, don’t give up. Try somebody else. Keep trying.” (Tweet This!)

Connect with Brian

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211: Investing in Out-of-State Rentals and Notes with Bob Malecki Jan 26, 2017

Show notes

What’s the best way to invest in real estate when the numbers don’t make sense in your backyard? Today on the BiggerPockets Podcast, we sit down with Bob Malecki, a real estate investor who started by purchasing local rental properties but quickly shifted gears into two other niches: out of state rentals and mortgage notes. In this episode, Bob explains why he chose to make the switch and walks listeners through the step-by-step process for getting started investing outside your backyard!

In This Episode We Cover:

How Bob got started in real estate
What a ROTH IRA is
What to do when you’ve got a chunk of money to invest
How to choose the right turnkey company
Thoughts on using leverage to acquire properties
Why he decided to transition to notes
What exactly non-performing notes are
A discussion on notes vs. rentals
The risks of investing in notes
What you should know about due diligence
Where to find notes to invest in
The value of building relationships
What the future looks like for Bob
And SO much more!

Links from the Show

BiggerPockets Forums
Sunwest Trust Inc.
Notes funds for individual investors. What are the best players? (Forum Post)
Tax, Legal Issues, Contracts, Self-Directed IRA (Forum Category)
MemphiesInvest
RealtyTrac
WeGoLook

Books Mentioned in this Show

Rich Dad Poor Dad by Robert T. Kiyosaki
Equity Happens by by Robert Helms & Russell Gray
The Magic of Thinking Big by David J. Schwartz
Secrets of the Millionaire Mind by T. Harv Eker

Tweetable Topics:

“Nothing in the world is guaranteed.” (Tweet This!)
“Assume nothing and document everything.” (Tweet This!)
“If you don’t take actions, you can’t take a risk and you won’t make mistakes. Mistakes are necessary.” (Tweet This!)

Connect with Bob

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