BiggerPockets Real Estate Podcast

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Latest Episodes:

96: Finding Deals, Wholesaling and House Flipping in a Hot Market With Anson Young Nov 13, 2014

Show notes

Real estate investing isn’t always about the speed of the chase – sometimes patience is key and the amount of deals you close might not be as important as the quality of each deal.

If you’d like to hone your deal-finding skills and knowledge of your local market, don’t miss out on this BiggerPockets Podcast episode, where we sit down with Anson Young to discuss the art of unearthing great deals, which properties are the best to flip, and how to handle a hot real estate market.

Anson got started in the real estate world back in 2004, when he moved to Arizona and bought his first house. A year later, he sold the property and moved back to Denver with his first big check, and he has been in the Colorado real estate game ever since. Exploring many sides of real estate investing, he’s found a niche in the wholesaling market and continues to grow his network and expertise of the local real estate environment.

If you want to hear more about the many forms of real estate investing and how to break into your local market, be sure to check out this episode!

In This Show We Cover:

The key to being a good wholesale buyer
The ins and outs of ARV and what it means to the real estate market
Where the best areas are to purchase based upon neighborhood location
How to understand localized real estate
The dos and ds of co-wholesaling
The differences between flipping and rehabbing
How to target your best buying audience
Whether you should use pre-foreclosure lists or not
Who the best people to invest with are
The most efficient way to find a private lender
Whether a BPO is the way to go
When you should make a package sample deal
How to attract financiers when you are new to real estate
Which types of properties make the best house flips
And lots more!

Links From the Show

Books Mentioned in the Show?

The Book on Flipping Houses by J. Scott
Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
The TenX Rule: The Only Difference Between Success and Failureby Rabbi Grant Cardone
The Effective Executiveby Peter Drucker

Connect with Anson

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95: Multifamily Investments, Partnerships, and Raising Your Kids to Be Entrepreneurs With Curt Bidwell Nov 06, 2014

Show notes

If nothing else, investing in real estate is an adventure, as well as an ever-evolving learning process, where you can alter your focus to align with the needs of yourself, your clients, and your family. This week on The BiggerPockets Podcast, we’ll learn all about what it takes to branch out in your real estate investing endeavors with our guest Curt Bidwell.

Curt’s first real estate opportunity arose while he was working as a pastor, when a few good friends asked if he wanted to partner with them on a local fourplex. Since then, he’s acquired quite a portfolio of real estate, including sixplexes, duplexes, new construction, single family homes, townhomes, and mixed properties. He’s done it all — and now he’s even gotten his kids involved! Listen for interesting tips on how to creatively invest, the best ways to find good tenants, as well as how to encourage your kids to get interested in finances and real estate along the way.

In This Show We Cover:

What makes a good partnership
How to get started with mixed rental properties
Ways to keep your children motivated and setting goals
Where to find the best commercial locations to increase your real estate value
The positives of renting out large family homes
How to choose whether you should have in-house management for your multi-unit rentals
Methods to teach your children to be financially wise
The best ways to go about obtaining lines of credit for your properties
Ways to creatively invest and finance your rentals
What exactly a 1031 exchange is
Helpful tips to finding a good location manager
How to work with local commercial lenders
Best ways to screen your tenants
And lots more!

Links From the Show

Books Mentioned in the Show

Rich Dad Poor Dad by Robert Kiyosaki
Gary Keller’s The Millionaire Real Estate Investor
Thou Shall Prosper: Ten Commandments for Making Money by Rabbi Daniel Lapin
The Effective Executive by Peter Drucker

Connect with Curt

Curt’s BiggerPockets Profile

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94: House Hacking, Partnerships, and Investing in Multifamilies While Working a Full Time Job with Michael Siekerka Oct 30, 2014

Show notes

Starting out in the world of house flipping and landlording can be taxing and a lot to take on at first, but it’s all a learning experience, which is why we want you to get to know a master at both, Michael Siekerka.

Michael’s first real estate investing experience was just six months after he graduated college, when he occupied his first purchase by doing a fix and flip. After years of rehabbing properties by partnering with friends for quick income, he eventually found his niche in buy and hold properties. In this informative episode, Michael shares with us how he manages his properties, the criteria he uses to find new places to rent out and the methods he follows to work successfully with hard money lenders and agents to boost his revenue. This is a show to hear if you’re in the market for success!

In This Show We Cover:

How to partner with friends correctly
How to go from a fix and flip business plan to buy and hold properties
Learning to finance correctly
The dangers of using hard money lenders
The pros of working with a real estate agent
How to handle a basement leak — after the property is on the market
Collaborating with commercial lenders
Why working a job AND investing can be an ideal setup
Making sure you have a Plan B
The positives of working with a showing agent
How his focuses have changed since his first purchase
Importance of vetting tenants
Why you should get references for prospective property managers
And lots more!

Links from the Show

Online Rent Pay Tools Mike Recommends

Books Mentioned in the Show

Commercial Mortgages 101 by Michael Rinehart
Tim Ferriss’s The Four Hour Work Week

Connect with Mike

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93: 0 to 400 Deals (in 5 Years!) via Smart Marketing with Erik Stark Oct 23, 2014

Show notes

Many people take their time in building their real estate investing… but not today’s guest, who has used his incredible marketing skills to do more than 400 deals in the past five years!

Erik Stark got his start after he had been flipping cars out of high school and wanted to move on to bigger, better things. Since then, Erik has tried his hand at wholesaling, as well as purchasing single family homes, commercial property, bulk estates, multi-family homes, and more — by his estimation, closing over 400 deals. Learn how he implements creative, eye-catching marketing techniques we can (almost) guarantee you’ve never heard of, as well as how he chooses which types of investments to make within his market.

Erik’s business philosophy of adding value to others’ lives through his deals will leave you inspired, and his many unique tips will have you reaching outside the box for innovative ways to grow your business. Don’t miss out on this information-packed episode!

In This Episode We Cover:

How Erik got his start by flipping cars near Detroit
Why embracing networking as a lifestyle can be life-changing
The importance of focusing on a well-executed marketing plan
How buying a house in a C-Class neighborhood can help finance a house in an A-Class neighborhood (see: napkin sketch below)
The benefits of doing business in a market you know
How to decide your focus within the real estate market
What exactly a “swipe file” of competitors is and how it can help YOU
An innovative way to execute direct mail when you don’t have the money
What to look for in a partnership
The genius marketing technique known as the “drunk letter“
The importance of loving what you do and waking up inspired
And LOTS more!

Links from the Show

The Book on Investing in Real Estate with No (and Low) Money Down by Brandon Turner

Books Mentioned in the Show

Don’t Get Voted Off Real Estate Island by Mike Cantu (not on Amazon)
Principles of Marketing by Theodore N., Maynard, & Davidson, William Beckman
Real Estate Rewind – BiggerPockets Community Book

Connect with Erik

Erik’s BiggerPockets Profile
Erik’s Facebook

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92: No (and Low) Money Down Real Estate Investing with Brandon Turner Oct 16, 2014

Show notes

What would you do if you didn’t need money to invest in real estate anymore?

That’s the question we tackle today on the BiggerPockets Podcast as we interview one of our own… Brandon Turner, to learn how he’s purchased over $2,000,000 of real estate with almost no money of his own! Brandon, although co-host on the BiggerPockets Podcast, is also an avid real estate investor who rarely-if-ever puts his own money into his deals. In this groundbreaking episode, Josh interviews Brandon about how he built his business using creativity rather than cash and the lessons that he learned along the way.

This episode will leave you inspired, refreshed, and with a laundry list of new ideas to use in your investing business to invest with less (or none) of your own cash!

In This Episode We Cover:

The method Brandon used to buy his first house and make $20,000
The one conversation that almost derailed his entire investing future
How Brandon bought two homes of one of the world’s most famous rockstars – and didn’t know it
The mistake that almost destroyed his business on the first hard money deal
How Brandon bought a 24 unit apartment building for no money out of pocket
The downside to several “no and low money down” strategies
Getting a partner to fund 100% of the down payment
Where to find great real estate deals – no matter how hot your market is
The legal entity Brandon uses to hold his properties and why
Brandon’s #1 productivity tip
And LOTS more!

Links from the Show

Books Mentioned in the Show

The Book on Investing in Real Estate with No (and Low) Money Down by Brandon Turner
Rich Dad Poor Dad by Robert Kiyosaki
The ABCs of Real Estate Investing by Ken McElroy
The Unofficial Guide to Real Estate Investing by Spencer Strauss and Martin Stone
Landlording on Autopilot by Mike Butler.
The Lean Startup by Eric Reis
The One Thing by Gary Keller
Pitch Anything by Oren Klaff
The Total Money Makeover by Dave Ramsey
The Four Hour Workweek by Timothy Ferriss

Tweetable Topics

“It’s better to have 50% of a great deal than 100% of no deal.”
“The foundation of a great creative real estate investment is an incredible deal.”

The Book on Investing in Real Estate with No (and Low) Money Down

Is Your Lack of Cash Holding You Back From Your Real Estate Dreams? Don’t let the contents of your wallet define your future. Discover the real life strategies that smart investors are using in today’s market to invest in real estate with creativity!

In The Book on Investing in Real Estate with No (and Low) Money Down, active real estate investor and co-host of the BiggerPockets Podcast Brandon Turner takes readers past the hype and dives into real life strategies that investors across the world are using to invest in real estate using creativity – instead of their own cash.

In this book, you’ll explore:

Numerous Strategies to Mix and Match – Creative investing requires a creative mind, and this book will share numerous examples of creative deal-making.
Get Started with No Money or Experience – Looking for your first deal? Learn the best strategies for getting your feet wet without paying thousands!
The Ugly Side of Creative Investing – Learn the downsides to all the strategies mentioned in this book, as well as tips for overcoming those problems.
Attract Private Money, Lenders, and Partners – There are millions of millionaires walking the streets. Discover the best way to attract them to you.
Wholesaling, Flipping, Rentals, and More – No matter what niche or strategy you plan to use to build your real estate empire, this book can help you proceed.
The Truth About No Money Down Investing – Investing with little to no money down is possible, but it’s not about some step by step strategy. It’s about a mindset.

Click here to get your copy of the book now!

Connect with Brandon

Brandon’s BiggerPockets Profile
Brandon’s Twitter

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91: Getting Started as a Real Estate Wholesaler with Ben Grise Oct 09, 2014

Show notes

Getting your first few real estate deals can be exceptionally tough -- which is why today we wanted to introduce you to an investor who is just wrapping up his first INCREDIBLE year as a wholesaler: Ben Grise. During his first year, Ben earned more from wholesaling than most Americans earn from their jobs -- all while working a separate full time job, getting married, and having a baby! If you find yourself stressed, overworked and unsure of how to fit everything into your life -- this is a "can't miss" episode!

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90: My First Real Estate Investment – A Newbie Podcast With Matt, Romeo and KC Oct 02, 2014

Show notes

Don’t miss this special feature, as we come to you live from FinCon 2014 for Podcast 90!

In a BiggerPockets Podcast first, we sit down and chat live with financial conference attendees Matt Giovanisci from New Jersey, Romeo Jeremiah from Detroit and KC Beavers from Rochester, NY, three real estate investor newbies with fascinating stories and great tips for beginning investors and veterans alike! Hear from “accidental landlords” — a growing breed of property owners — firsthand, and let yourself be regaled by tales proving that first time investors CAN achieve success from the get go. A unique and high energy recording, this is one episode you’ll definitely want to tune in for!

In This Show We Cover:

Getting stuck with a property during the economic downtown
The decision to rent by default, ie. the “Accidental Landlord” situation
The art of staging a space to rent it out fast
What exactly a “Streamline Refinance” entails
The pros and cons of renting from afar
Why finding a (trusted) property manager can be crucial
The simple way to fix a garbage disposal you may not know
A great first-time house flip success story
How to start out with a 24-unit apartment building
The concept of “Forced Appreciation”
Wealth creation vs. wealth preservation
The importance of thoroughly vetting tenants
The ins and outs of using Real Estate to diversify your portfolio
How to get a loan on a commercial property
And so much more!

Books Mentioned in the Show

The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss
The Millionaire Real Estate Investor by Gary Keller
The E-Myth : Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber

Tweetable Topics

“You can never learn enough about this [industry].” (Tweet This!)
“Just take action, just go for it…but make sure it was a risk worth taking.” (Tweet This!)
“There’s not going to be a single path for someone to take.” (Tweet This!)

Connect with Matt

Matt’s Website

Connect with Romeo

Connect with KC

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89: From High School Dropout to 300+ Real Estate Deals with Engelo Rumora Sep 25, 2014

Show notes

Looking to be inspired?

Today on The BiggerPockets Podcast we sit down and chat with Engelo Rumora, a real estate investor with a fascinating story that involved dropping out of high school, playing professional soccer, and building up a massive real estate investment business across two continents! Don’t miss this incredible interview where we cover numerous topics ranging from getting started, flipping houses, networking with potential lenders, finding (and working with) mentors, running a growing business at a young age, and a lot more!

In This Show We Cover:

How Engelo got his start in Real Estate Investment
The challenges of jumping in without formal education
Valuable tips on effective networking
The varied & diverse deals Engelo has made in his career so far
Why he decided to move from Australia to the US
Details on his first deal (and why he almost got killed because of it!)
The 3 essential traits every investment partner should have
How to avoid shady operators
Tips on how to find the most promising properties
How Engelo and his team finance their deals
The keys to managing a business from a young age
What he’s learned about building a brand and marketing a business
Engelo’s vision for the future of his company
And so much more!

Books Mentioned in the Show

Rich Dad Poor Dad by Robert Kiyosaki
Think and Grow Rich by Napoleon Hill
How to Win Friends & Influence People by Dale Carnegie

Tweetable Topics

“Formal education will you earn you a living, while personal development will give you a lifestyle.” (Tweet This!)
“Many people are school smart, but life-dumb.” (Tweet This!)
“No matter how many times you get hit, you just got to pick yourself up and keep going.” (Tweet This!)
“Passion definitely inspires passion.” (Tweet This!)

Connect with Engelo

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88: Investing with Your Spouse, Managing Financials, and Growing Your Team with Matt and Liz Faircloth Sep 18, 2014

Show notes

Today we’re thrilled to chat with New Jersey real estate investors Matt and Liz Faircloth on The BiggerPockets Podcast, covering everything from the challenges of working with a spouse to purchasing a 10,000 square foot office space!

Matt and Liz have been hooked on real estate since buying their first single family home in 2002. After years of self education, their fair share of learning pains and a healthy dose of hard work, the couple now owns over 100 units and has accomplished around 15 fix and flips. Employing a team of 11, their mission statement is to “revitalize Urban America” and to “transform lives through real estate.” Pick up some great tips on building an empire from the bottom up, choosing the best kinds of financing and earning that all-important track record of success. It’s all here, so don’t miss out!

In This Show We Cover:

How Liz and Matt got their start in real estate as an engaged couple
The pros and cons of working with your spouse
How to successfully get organized
The importance of making a business plan from the get-go
The ins and outs of bookkeeping in a home business (program recommendations included!)
What you stand to gain from a tax deferred exchange
The thrills — and challenges — of buying a 10,000 sq. ft. office space
The all-important skill of flexibility (or “learning to pivot“)
How to gain wealth through commercial real estate
The intricacies of private equity, private lending, forming LLCs & LLPs (and more!)
Proof that you CAN see 20-40% returns with no money down
How to add value to a real estate investment team without putting money up
The definitive guide to finding great employees for your business
Why modular homes may be your safest bet
The worst rehabbing nightmare ever (involving lawsuits, water damage — and a total lack of foundation)
And so much more!

Books Mentioned in the Show

The Lean Startup by Eric Reis
Rich Dad’s Cashflow Quadrant by Robert Kiyosaki
Real Estate Riches: How to Become Rich Using Your Banker’s Money by Dolf de Roos
The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber
Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth by T. Harv Eker

Tweetable Topics

“So if the game plan goes wrong, have a B, have a C, have a D.” (Tweet This!)
“Do things that you’re good at and that you enjoy…bringing your real passions to a task is key.” (Tweet This!)
“Single family home, multi family home — whatever your plan is, get really good at it.” (Tweet This!)

Connect with Matt & Liz

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87: How to Thrive After The Collapse of a Real Estate Empire with Nathan Brooks Sep 11, 2014

Show notes

Failure is no stranger in the real estate industry which is why we are excited to bring Nathan Brooks to The BiggerPockets Podcast today, an investor who knows firsthand that real estate can be tough!

Nathan is an investor (both flips and rentals) from Kansas who went through a very difficult period during the real estate crash, losing all his properties and filing bankruptcy due to a shady partner and jumping in too quickly. Nathan has since emerged as a much stronger real estate investor and carries an incredible story with numerous lessons to share. Get ready to learn how failure can transform your life!

In This Show We Cover:

How Nathan found his first business partner at lunch
Why Nathan bought two houses as a newbie – and lived to regret it
How to find partners through BiggerPockets
The opposite of paralysis by analysis
How Nathan ended up filing bankruptcy
Nathan’s current (more conservative) investing strategy
Dealing with tenants in a $20k property
How to make a unit stand out among the competition
Dealing with “Cat Ladies” and “Hoarder Houses“
How Nathan finds deals
Finding mentors and lenders on Craigslist?
How to find a real estate-minded attorney
And so much more!

Books Mentioned in the Show

The Millionaire Real Estate Investor by Gary Keller
The Unofficial Guide to Real Estate Investing by Spencer Strauss and Martin Stone
The Four Hour Workweek by Timothy Ferriss
Unlimited Power : The New Science Of Personal Achievement by Anthony Robbins

Tweetable Topics

Don’t go into business with someone you don’t know. It’s just stupid. (Tweet This!)
The lessons I’ve learned have made me a better investor today. (Tweet This!)
There’s a deal for everyone, but this deal might not be for you. (Tweet This!)
The job of a Real Estate Investor is to solve problems. (Tweet This!)
Know the answers before asking the questions. (Tweet This!)

Connect with Nathan

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