BiggerPockets Real Estate Podcast

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Latest Episodes:

190: Building 61 Different Passive Streams of Income with Pat Hiban Sep 01, 2016

Show notes

Are you building vertical or horizontal income in your life? If you aren’t sure, don’t miss this exceptionally important episode of the BiggerPockets Podcast, where we talk with Pat Hiban about creating multiple streams of passive income. Pat, who is a New York Times bestselling author, shares his real estate journey with us today, starting from a humble “house hack” to participating in multi-million dollar apartment complex purchases. You’ll also learn why (and how) Pat has 61 different sources of “horizontal” income streams and the best ways to begin building your own. Don’t miss a second of this incredible show.

In This Episode We Cover:

Pat’s thoughts on being a real estate agent for 28 years
Why many real estate agents don’t invest
How he obtained his first property by house hacking
The story of an illegal alien investor
What Section 8 rentals are and why he invest in them
The pros and cons of Section 8 tenants
How he makes money through college rentals
How he manages his properties
How to make a property college-proof
What exactly a “come bet” is
Why he looks for track record before investing with someone
A discussion on horizontal streams of income
And SO much more!

Links from the Show

Books Mentioned in this Show

Retire Young Retire Rich by Robert Kiyosaki
The Surrender Experiment by Michael A. Singer
6 Steps to 7 Figures by Pat Hiban

Tweetable Topics:

“My biggest regret is not buying a house a year.” (Tweet This!)
“On Section 8, I buy where if they find out that I’ll put a Section 8 in there, they’ll be upset.” (Tweet This!)
“Create bucket list moments and get the most out of life.” (Tweet This!)

Connect with Pat

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189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber Aug 25, 2016

Show notes

Are you looking to ultimately work less, travel more, and life proactively rather than reactively? The key to this life is found in systems. And on today’s episode of the BiggerPockets Podcast, we are excited to introduce you to a guest who’s a master at building systems in his business. Tarl Yarber, an investor in the Pacific Northwest, shares his story of beginning with no money, making $100,000 on a single wholesale deal, and ultimately turning his love for real estate into a profitable business that has done 500 deals. This powerful show is sure to transform the way you run your business forever.

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188: Using 20+ Years of Studying Market Cycles to Buy Low & Sell High David Gudmundsen Aug 18, 2016

Show notes

Is the real estate market about to collapse? Do we have 10 more years? What’s the future hold? While no one can definitively answer these questions, today’s guest has some keen insight into timing the market, allowing you to “buy low and sell high.” Today, we’re excited to introduce you to David Gudmundsen, an investor who’s been in the game more than 20 years and who’s seen numerous peaks and valleys — and who has learned how to ride the wave. With more than 250 deals under his belt, David is an incredible resource for anyone looking to grow their portfolio — or preserve it — during times of uncertainty. Unless you know exactly where the real estate market is headed next, don’t miss this powerful and entertaining episode!

In This Episode We Cover:

Why David chose real estate and his first property
How he got his first property by assuming a loan
How he reached a level of buying a property a month without a college education
How Monopoly inspired him to invest in real estate
How to balance learning and actually making deals
What exactly a wrap is
Thoughts on contracts for deeds
How many deals he has made
What you should know about seller carry back
What walking the mortgage is
Insight into market cycles and crashes
How to read the signs of market cycles
What we can learn from the boiled frog analogy
What “buying right” really means
The importance of not always doing the things others are doing
Why it’s important to join real estate club meet ups
A couple of his worst and greatest deals
And SO much more!

Links from the Show

Books Mentioned in this Show

How to Buy and Manage Rental Properties by Irene and Mike Millin
Unlimited Power by Tony Robbins
Close That Sale! by Brian Tracy
Advanced Selling Strategies by Brian Tracy

Tweetable Topics:

“I can never win at Monopoly unless I roll the dice and I buy houses.” (Tweet This!)
“A good borrower can make a bad loan good, and a bad borrower can make a good loan bad.” (Tweet This!)
“Forget location, location, location. It’s all about buy low and sell high.” (Tweet This!)
“You just look at what exactly the herd is not doing.” (Tweet This!)

Connect with David

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187: Building Wealth Through Older Small Multifamily Properties with Dana Bull Aug 11, 2016

Show notes

In this episode of the BiggerPockets Podcast, we talk about a subject many investors debate about: investing in OLD properties. Today’s guest, Dana Bull, has filled her portfolio with properties over 100 years — and she dishes out the good, the bad, and the ugly details. You’ll also learn why Dana focuses on small multifamily properties and she offers some incredible insight into being an effective landlord — no matter your age or experience level.

In This Episode We Cover:

Why Dana and her boyfriend rented in Salem, the infamous place of witch trials
How she bought a house from 1784
Things to note about buying old houses
The numbers on their second property
Why she wants to avoid inheriting tenants
Why Dana seeks one bedrooms with smaller footprints
The “stepping stone” property for young professionals
Why lead-based paint is an issue
Things she’s learned from being a landlord in her mid-twenties
A discussion on open houses vs. individual showings
How to deal with tenant issues
How to know when it’s time to sell
The importance of knowing the end goal and taking steps to get there
How she managed to juggle full-time jobs and investing
How many properties she has now and why she’s just hitting a “target”
What she means by the “building years”
How she manages her properties
What it’s like being a woman investor
And SO much more!

Links from the Show

Books Mentioned in this Show

Property Management Kit For Dummies by Robert S. Griswold
The Book on Managing Rental Properties by Brandon and Heather Turner
The EveryGirl’s Guide to Life by Maria Menounos

Tweetable Topics:

“All of our properties have some sort of story in them.” (Tweet This!)
“If people want your time or if people want to live in your space, they need to respect you and your time.” (Tweet This!)
“There are so many approaches you can take, and I think the key is to just start.” (Tweet This!)

Connect with Dana

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186: How to Get Your First Few Properties - Even in a Competitive Market with Dave Meyer Aug 04, 2016

Show notes

There are a lot of excuses people use for why they don’t invest in real estate. Maybe they work too much. Maybe they don’t have any money. Maybe the market is too hot. But some — like our guest today — don’t let those difficulties stop them. Instead, they use creativity to overcome obstacles and build a real estate empire. So today on the BiggerPockets Podcast, we are excited to introduce you to Dave Meyer, an investor from the Denver market, who shares his story of buying eight units using creativity, intelligence, and in incredible level of hustle!

In This Episode We Cover:

Who exactly Dave, the VP of Growth for BiggerPockets, is
How his silly neighbor unintentionally encouraged him to buy a house
Why he chose his friend as a partner
The details of his first deal
What he looked for in his first deal
The numbers on that deal
Would it still be a great deal without the appreciation in Denver?
How he raised his funds for this project
The importance of acting on opportunities now
Who manages his properties?
How a tenant built a staircase for him
How you can learn the market by working hands-on
How Dave bought properties while waiting tables
His first experience with house hacking
Tips to keep in mind regarding zoning when finding properties
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on No or Low Money Down by Brandon Turner
The Ultimate Beginners Guide to Real Estate Investing by BiggerPockets
Start with Why by Simon Sinek
Leaders Eat Last by Simon Sinek

Tweetable Topics:

“If you have an opportunity, you’re a fool to ignore it. Find a way to do it.” (Tweet This!)
“You learn a tremendous amount if you do hands on things such as screening the tenants, doing the open houses. You learn the market and what people want.” (Tweet This!)
“Find the deal and figure out how to get the money to make it happen.” (Tweet This!)
“Once you start owning, it feels weird to start paying someone else to live in their house.” (Tweet This!)

Connect with Dave

Dave’s BiggerPockets Profile

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185: How “Rent-to-Own” Can Increase Cash Flow and Maximize Equity with Bill Powers Jul 28, 2016

Show notes

On today’s episode of The BiggerPockets Podcast, Josh and Brandon sit down with Bill Powers, a real estate investor from the Chicago suburbs, to learn how he went from zero to over 70 units in five yearswhile focusing on lease options — also known as “rent to own.” This powerful strategy is one that anyone can begin using in their business to achieve more cash flow and equity — and today, you’ll learn all the details. Get your pen and paper out for this show — you’ll want to take some notes!

In This Episode We Cover:

How Bill got started in real estate
All the mistakes he made on his first house
Tenant screening must-haves
How exactly rent-to-own works
What the first look program is
What you should know about the 2% rule
How to not be a predatory investor
Tips for running your business the right way
A discussion on “instant equity“
Why some people are not fulfilling their lease options
A profile of common tenants who go for rent to own
What is Dodd-Frank is and how it affects people who use lease options
Things to note before going for a lease option
What the future of his business is
How many hours he works in a week
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on No or Low Money Down by Brandon Turner
The Book on Estimating Rehab Cost by J. Scott
The Golden Rules by Bob Bowman

Tweetable Topics:

“Where rents are highest and acquisition of capital is lowest, that’s where we focus.” (Tweet This!)
“I think you can always flip. I think there’s spread on properties all the time.” (Tweet This!)
“There are ways to lose money on flips even if you make money — because opportunity cost is a big factor on that.” (Tweet This!)
“Don’t be enticed completely by the flip side of things. Look long term.” (Tweet This!)

Connect with Bill

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184: From Real Estate Agent to 800+ Deals with Bill Lublin Jul 21, 2016

Show notes

In today’s humorous episode of the BiggerPockets Podcast, you’ll meet Bill Lublin, a real estate expert who has invested in over 800 deals while also building the largest real estate agency in his state! You’ll learn how Bill got his start in real estate sales, why he was a terrible agent, and the one thing that changed everything. You’ll also hear how Bill has been able to do over 800 investment deals (from single family homes to multifamily to motels to development and more), his management philosophy, and why he thinks investors probably should NOT get their real estate license.

In This Episode We Cover:

Who Bill is
How Bill got into real estate by accident
Why work ethic is important
Tips for employing hundreds of agents
Why some agents don’t buy their own properties
What you should know about a wraparound mortgage
How he learned to do creative financing
How many deals he has done so far (hint: 800 to 1,000)
His favorite type of deal
How to time your investing (despite the recession)
The 4 big things that will give you value-add on a property
Sage advice for investing for the long haul
How his business and partnership works
What the “elephant approach” is
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on No or Low Money Down by Brandon Turner
List More, Sell More by Jerry Bresser
The E-Myth Revisited by Michael E. Gerber

Tweetable Topics:

“You make a living by selling real estate.” (Tweet This!)
“Anybody who has a periodic payment is paying somebody else’s mortgage.” (Tweet This!)
“I haven’t met anybody who owned a property for 10 years who didn’t make money on it.” (Tweet This!)
“You make a profit in the property when you buy it, not when you sell it.” (Tweet This!)
“You don’t recognize a loss until you sell something.” (Tweet This!)
“The hard part is not doing deals, but finding deals.” (Tweet This!)

Connect with Bill

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183: Achieving Financial Independence Through Rental Properties with Sarah Pritchett Jul 14, 2016

Show notes

What does it take to achieve financial independence? Thousands of deals and a 100+ hour work-week hustle? Not according to today’s guest! Today we bring you an incredible interview with Sarah P. who just one year ago began her journey toward financial independence using rental properties — part-time! You’ll learn how Sarah is building a rental portfolio despite living in one of the most crowded, competitive markets in the world, as well as her best tips on overcoming obstacles, creative finance, and more. This show will not only give you miles of practical advice, it will leave you saying, “I can totally do that!”

In This Episode We Cover:

How she discovered financial literacy through Mr. Money Mustache
How analyzing deals made her feel comfortable buying her first deal
How to invest if you’re in an expensive market
The details on her first deal
How she chose her market
Sarah’s thoughts on HOAs
How she’s managing her properties
How old her properties are
How a Home Equity Line of Credit helped her land her first properties
What her long-term goal as an investor is
How Sarah finds her deals
Some obstacles she’s encountered in her investing career
What the 2 year rule is
How many hours a week she works on her real estate
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki
Secrets of the Millionaire Mind by T. Harv Eker
The Book on No or Low Money Down by Brandon Turner
Rich Dad’s Who Took My Money? by Robert Kiyosaki

Tweetable Topics:

“My rental income does not count as income.” (Tweet This!)
“If they can’t help you, ask who else they know that can help you.” (Tweet This!)
“You need to know what to ask because you don’t know what you don’t know.” (Tweet This!)

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182: 674 Multifamily Units in Three Years with Jake & Gino Jul 07, 2016

Show notes

Whether you own a single property or 1,000 units, systematizing your business is the key to growth. That’s why we’re excited to introduce you to Jake Stenziano and Gino Barbaro, a real estate partnership that’s scaled to 674 units in just the past three years. In this explosive interview, Jake and Gino share their story of building a sizable portfolio using a variety of creative methods. You’ll learn about the “hard lumps” they took on their first deal, the mindset changes they needed to take to transform their business, how they financed a 200+ unit apartment for no cash down, and a lot more. This incredible show will not only change your business — it might just change the way you look at life.

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181: Finding Deals & Scaling in a Competitive Market with Lauren Hardy Jun 30, 2016

Show notes

Let’s be honest: It can be tough to find a great deal in today’s competitive real estate market. If you find yourself in that situation, you are going to love today’s show! Today we hear from Lauren Hardy, a house flipper and wholesaler in the highly competitive Southern California market who overcame a rough beginning to scale her business to several deals a month. You’ll love Lauren’s honesty about quitting her job too early and her straightforward approach to finding deals, evaluating a market, and creating systems that allow her to work and live a full life. And grab some scratch paper — this is definitely one show you are going to want to take some notes on!

In This Episode We Cover: