BiggerPockets Real Estate Podcast

Copyright: © Copyright © 2023 BiggerPockets LLC, All Rights Reserved. Disclaimer: The information contained in this podcast is for general information purposes only. In no event will we be liable for any loss or damage derived from the information provided.

Latest Episodes:

200: A Step-by-Step Guide to Buying Your First Real Estate Investment Nov 10, 2016

Show notes

Welcome to the BiggerPockets Podcast show 200! We wanted to create a show that we could point people to in the future as an ultimate resource for building their real estate investment business. If you are new, this will give you a step-by-step plan. If you are experienced, it will help you systematize your business better and pick up new ideas to streamline how you buy properties. These tips were obtained from the community in a recent Forum thread Josh started.

In This Episode We Cover:

Commit
Gain Knowledge
Get Your Life in Order
Decide on What You Want With Your life
Decide What Niche/Strategy is Going to Get You There
Set Your Goal(s)
Choose Your Farm Location
Figure Out Your Financing
Get Your Core Team Together
Start Looking for Deals
Estimate Rehab Budget
Run the Numbers
Review Your Numbers With Someone
Make the Offer
Negotiate and Get It Under Contract
Manage the Due Diligence Process
Keep Yourself Organized
Buy the Property
Manage the Property or Rehab
Stick Close to BiggerPockets for Every Step of This process

Connect with Brandon and Josh

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

199: 25 Doors by Age 25 with Houssein Al-Eidan Nov 03, 2016

Show notes

Real estate investing is no longer just for older generations! Today on the BiggerPockets Podcast, we sit down with Houssein Al-Eidan, an accountant from the St Louis area who has purchased 25 rental units — and he’s just turning 25 years old this month! You’ll hear Houssein’s unique strategy of buying lower-price properties (many from auctions) and using a variety of strategies to increase his returns (including AirBnB and even leaving some properties vacant!). This show is bound to leave you inspired to expand your own real estate portfolio — no matter what age you are.

In This Episode We Cover:

How Houssein found BiggerPockets
How he relocated from Kuwait to St. Louis (and why)
How he discovered real estate through TV shows
What his first deal was like
How he dealt with a complicated foreclosed property with an existing tenant
The total number of deals he’ve done so far in the past year
How his numbers look for his condo units
What his game plan is after buying so much property
How he funds these properties through seller financing
The importance of understanding the seller’s motivation
Tips on Airbnb properties
How be built a team for delegation
A word of caution in this type of investing
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 Effortless Empire by Chris Gray
How to Win Friends & Influence People by Dale Carnegie

Tweetable Topics:

“The first purchase may not be always be the best.” (Tweet This!)
“Once you understand the seller’s motivation, from there you can customize a plan.” (Tweet This!)

Connect with Houssein

Houssein’s BiggerPockets Profile

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

198: Financial Freedom Through Small Multifamily Rentals with Eric Bowlin Oct 27, 2016

Show notes

How many rental units does it take to achieve “financial freedom?” Maybe not as many as you think! That’s the topic on today’s episode, where Josh and Brandon sit down to talk with Eric Bowlin, a real estate investor who achieved financial freedom at the age of 30, largely using the “BRRRR” strategy to finance his deals. Eric owns fewer than 30 units but was able to “retire” off the cash flow — and today, you’ll learn just how he did it (and how you can do the same). You’ll also love his tips on how to find great deals on the MLS and how to manage your properties — even if you don’t live close by. Be sure to take some notes on this one — you are going to need them!

In This Episode We Cover:

How Eric started accidentally in real estate
His epiphany moment!
What it’s like earning overseas
Things that cost him money on his early flips
A note on dealing with contractors
Why every market is unique
How he put together his team
Tips for finding contractors
How many units he has now
How to systematize your business
Using the BRRRR strategy
How he finds his deals
How to tell if a property has tenant problems
His best deal ever
His most recent multifamily property
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad, Poor Dad by Robert Kiyosaki
The Successful Landlord by Maribeth Perry
The Psychology of Selling by Brian Tracy

Tweetable Topics:

“I just realized, I wanted people coming to me to pay me versus me trying to get money for somebody else.” (Tweet This!)
“I didn’t know about financial independence when I first got started.” (Tweet This!)
“A person only earns plus or minus 10% of what they think they’re worth.” (Tweet This!)

Connect with Eric

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

197: Starting with $10k and Buying 52 Units in 3 Years with Chris Heeren Oct 20, 2016

Show notes

Get ready to be inspired, amazed, and blown away with today’s BiggerPockets episode! Today on the show we’re sitting down with Chris Heeren, a real estate investor from Wisconsin who’s absolutely crushing it with his rental property investing. In just the past three years, Chris has built a massive portfolio of houses and small multifamily properties — and he did it with just over $10,000 to start AND while working full-time. Packed with tips, stories, and incredible advice, this show will completely revolutionize the way you run your real estate business forever and prove — once and for all — that anyone can succeed no matter their situation. Listen up!

In This Episode We Cover:

Who exactly Chris is
How be obtained 52 units in 3 years
The story behind his first duplex
Tips for using the BRRRR strategy
How he found ways to fund his deals
The process he used to create teams to help his investing
Quick tips for being persistent
How to counter-offer
How he finds and offers on deals via the MLS
Advice for buying properties while working a full-time job
His average purchase price
How he uses direct mail marketing
How to find great property managers
Chris’s $8,000 mistake
What the next 6 months look like for him
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad, Poor Dad by Robert Kiyosaki
Landlording on Auto-Pilot by Mike Butler
The E-Myth Revisited by Michael E. Gerber
Getting Things Done by David Allen

Tweetable Topics:

“There’s always a way. You just have to be determined, be motivated, and not give up.” (Tweet This!)
“I’d rather have half of the deals out there than none of the deals because I didn’t start.” (Tweet This!)
“If you don’t learn from your mistakes, you’ll never grow in the future.” (Tweet This!)

Connect with Chris

Chris’ BiggerPockets Profile

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

196: LLCs, House Hacking, and Saving on Taxes with Brandon Hall Oct 13, 2016

Show notes

What has five letters but causes so much fear that millions of wannabe investors never get started? That’s right: TAXES. But taxes don’t need to be scary — and understanding and utilizing the tax system can actually help grow your business and help you build incredible wealth. That’s why we’re excited today to sit down with Brandon Hall, a CPA and real estate investor who works exclusively with real estate investors to help them strategize and organize their business in the most cost-saving way possible. We cover Brandon’s real estate journey, including house hacking, LLCs, S-Corps, bookkeeping, and so much more. You’ll love Brandon’s engaging and entertaining personality, and for once in your life, you might even enjoy learning about taxes!

In This Episode We Cover:

How Brandon realized the need for a CPA through the BP community
How he grew his firm through the BiggerPockets Forums
The importance of giving value to others
The details on his three-unit property
Tips for hiring a “leverage property manager”
How to find investors in your community
The details on his second triplex
Why he focuses on multifamily
How he funds his deals through FHA loans
The way he looks at PMI
A mistake he is guilty of when it comes to inherited tenants
Training your tenants and other management hacks
The tax benefits of house hacking
Mistakes he’s made in his real estate investing
Tips for finding a good CPA
Advice for those deciding whether to use an LLC or not
What you should know about LLCs
Things to know about the “real estate professional” tax designation
When to hire a bookkeeper
Common mistakes investors make with taxes
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland
The Book on Managing Rental Propertiesby Brandon and Heather Turner
What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli
It’s Not Rocket Science by Dave Anderson

Tweetable Topics:

“Don’t try to sell yourself. Let your content sell yourself.” (Tweet This!)
“You as the business owner should not be in the bookkeeping.” (Tweet This!)
“The ongoing tax strategy throughout the year, that’s the time to save money.” (Tweet This!)

Connect with Brandon

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

195: Financing College Rentals & Mobile Home Parks Using Remarkable Creativity with Rudy Curtler Oct 06, 2016

Show notes

Trying to build a real estate empire while working a full-time job can be tough, which is why many people decide to use a partner to maximize their results. That’s the story on today’s episode of the BiggerPockets Podcast, where we sit down with Rudy Curtler to talk about how he is building a portfolio of college rentals and mobile home parks utilizing a partner. You’ll learn how (and why) Rudy is building his portfolio hundreds of miles from his home, the incredible benefits of investing in mobile home parks (“6x better than houses” according to Rudy), and how he’s able to put together the financing on deals using remarkable creativity!

In This Episode We Cover:

How Rudy got started with real estate investing
How he transitioned from “interested” to “committed“
His first investment
What makes a college rental different?
How many single family homes he has
What a suite equity partner is
Tips for those who wanted to start in the college rental niche
His view on working with family
The difference between investing in mobile home parks and mobile homes
The details on his mobile home park
How much he rents his mobile homes for
Tips on renting out RV pads
Why you may want to consider investing in mobile home parks
How he manages his properties
Thoughts on getting a mobile home dealer license
How to get a mind for creative finance
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland
Rich Dad Poor Dad by Robert Kiyosaki
Think and Grow Rich by Napoleon Hill
The Millionaire Fastlane by MJ DeMarco

Tweetable Topics:

“I think there is a big difference between somebody who’s just interested versus someone who’s committed.” (Tweet This!)
“Mobile home parks are another way for us to grow and find the exponential growth potential that’s there.” (Tweet This!)
“I didn’t want to stop. We want to keep growing, so we found a way to do it.” (Tweet This!)

Connect with Rudy

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

194: Achieving Impressive Spreads Through High-End Flips with Justin Silverio Sep 29, 2016

Show notes

Is your ultimate goal to increase the spreads of your investments to the point where you can comfortably quit your job? Tune in for a conversation withJustin Silverio, an investor who successfully made the switch to full-time real estate entrepreneur and who is now focusing on the niche of higher-end rehabs. For tips on deal evaluation, how to find contractors for your particular project, and direct mail strategies, don’t miss this inspiring episode of the BiggerPockets Podcast!

In This Episode We Cover:

Recap on last time Justin was a guest
Why he was afraid to close that first deal
Why he shifted to higher-end rehabs
Market dips — and how he proactively takes advantage of them
What key metrics he looks at when evaluating a deal
The profit spreads Justin looks for
Tips for finding contractors from lower end to higher end
How many deals he does now
How much he makes on each wholesale deal
Tips for creating criteria for prospective properties
How Justin does driving for dollars
His hoarder house story
What you should know about zoning restrictions that affect rebuiling a house
How to track a direct mail list
His experience quitting his job
His most exciting deals
And SO much more!

Links from the Show

Books Mentioned in this Show

The Millionaire Real Estate Investor by Gary Keller
Rich Dad Poor Dad by Robert Kiyosaki
The New One Minute Manager by Ken Blanchard

Tweetable Topics:

“When you go to a higher price point, the ability to create a larger profit is just much greater.” (Tweet This!)
“If there’s a deal, you will find the money.” (Tweet This!)
“It’s really difficult when you start, but after you get through the first couple deals, it gets easier.” (Tweet This!)

Connect with Justin

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

193: Finding and Managing Rental Properties While Working Full-Time with Steve Garner Sep 22, 2016

Show notes

Everyone knows rental properties can be a great way to build wealth and cash flow. Yet so few people ever take the steps needed to build their portfolio. That’s why we’re excited for you to listen to this week’s episode of The BiggerPockets Podcast! On this show, we sit down with Steve Garner, a North Carolina investor who currently is building and managing a rental portfolio while working a full-time job he loves. You’ll learn several creative methods for finding deals that have worked great for Steve, as well as some of his clever tricks for managing tenants with minimal work!

In This Episode We Cover:

How Steve got started in real estate
How to build courage to get started investing
Details on his first deal
Why Brandon and Steve love tenant-proofing their properties
What “REO” means
What REIA is
How he landed his second property using Homepath
Tips for looking at cash on cash return
How many deals has Steve done so far
How he finds deals
How he handles CapEx
How to puts money aside for CapEx
Steve’s 10-unit townhomes
How he finances his properties
Thoughts on managing properties
Why he’s very particular when a tenant’s about to leave
What his full-time job is
The importance of screening and having standards for tenants
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on Investing with No or Low Money Down by Brandon Turner
The Book on Rental Property Investing and The Book on Managing Rental by Brandon Turner and Heather Turner
The Millionaire Real Estate Investor by Gary Keller
Rich Dad Poor Dad by Robert Kiyosaki
Landlording on Auto-Pilot by Mike Butler
The Success Journey by John C. Maxwell
The Richest Man in Babylon by George S. Clason
How to Win Friends & Influence People by Dale Carnegie

Tweetable Topics:

“I am a long-term buy and hold investor so I try to rent-proof my properties.” (Tweet This!)
“The time to get credit is when you don’t need it.” (Tweet This!)
“There’s so many good tenants out there that you want to make sure you find that good tenant.” (Tweet This!)
“Beyond being a continual learner is taking action.” (Tweet This!)

Connect with Steve

Steve’s BiggerPockets Profile

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

192: Income from Cash Flow but Wealth from Appreciation with Russel Brazil Sep 15, 2016

Show notes

“I can’t invest in real estate — everything is too expensive” is a common statement used by newbie real estate investors across the world. But is it true? Today on the BiggerPockets Podcast, we’re excited to dig in on the topic with Russell Brazil, an investor from the DC area who has a unique perspective on the wealth-building power of appreciation (AND cash flow!).

In This Episode We Cover:

How Russell got started in real estate
Where he invest (and the prices in that location)
Why you should fix your personal finances first
Where to cut expenses
The snowball effect that happens when you’re not living on the cashflow
How the numbers look on his first properties
What CapEx is (and other expenses you should be aware of)
How many rental properties he has today
How he broke even with some of his properties
A discussion about appreciation
Thoughts on investing in condo units
Why he’s planning to invest in residential complexes
Why he doesn’t do much flipping anymore
How to find investors and partners
Advice for new investors
Tips for taking advantage of low interest rates
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on Investing with No or Low Money Down by Brandon Turner
The 4-Hour Workweek by Timothy Ferriss
The Big Short by Michael Lewis
One Up On Wall Street by Peter Lynch

Tweetable Topics:

“If you want it bad enough, you’ll figure out how to save money.” (Tweet This!)
“Cash flow is how I pay my bills, while appreciation is how I build wealth.” (Tweet This!)
“Debt is good. I love debt.” (Tweet This!)
“The best way we can mitigate risk and make money is by having market knowledge.” (Tweet This!)
“Real estate is a ‘relationships’ business.” (Tweet This!)

Connect with Russell

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

191: Buying Out-of-State Rentals and Investing Later in Life with Bill Manassero Sep 08, 2016

Show notes

Today on the BiggerPockets Podcast, we’re excited to introduce you to a man who didn’t start investing until later in life but has built an impressive portfolio in the past few years. Even more, he bought his rentals thousands of miles away from where he lives! You’ll learn the inspiring tale of our guest, Bill Manassero, and how he went from running an orphanage in Haiti to buying rental properties and the challenges that transition caused. You’ll also be inspired by Bill’s heart and his real purpose for creating wealth through real estate. You are going to love this powerful episode, and it just might change why you invest in real estate! (And don’t miss Bill’s story of how his family appeared on Oprah!)

In This Episode We Cover:

Who Bill is (and why he’s hung out with Oprah)
Why he built an orphanage
How his plans transitioned to real estate
Thoughts on investing while nearing retirement
The risk profiles for various ages
How he focuses on family and not just the money
How to reach your freedom number
How he and his family got onto Oprah
What exactly a turnkey property is — and Bill’s turnkey story
A few red flags when it comes to turnkeys
His goal of reaching 1,000 units
How he finds properties
The struggles of reaching his goal, from finding funds to working with the right people
How he maintains the property
And SO much more!

Links from the Show

Books Mentioned in this Show

The Ultimate Beginner’s Guide to Real Estate Investingby BiggerPockets
The ABCs of Real Estate Investing by Ken McElroy
The Book on Investing with No or Low Money Down by Brandon Turner
Rich Dad Poor Dad by Robert Kiyosaki
The 4-Hour Workweek by Timothy Ferriss

Tweetable Topics:

“I got tired of working for these other folks, so I decided to become an entrepreneur.” (Tweet This!)
“I want to be able to go where I need to go.” (Tweet This!)
“You gotta get in there and get your hands dirty, and that’s where the learning really starts.” (Tweet This!)

Connect with Bill

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

Our TOPPODCAST Picks

Follow Us

Stay Connected

BiggerPockets Real Estate Podcast

Related Podcasts

Links

Stay Connected