BiggerPockets Real Estate Podcast

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Recorded at Spotify Studios LA.

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-804

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803: Building a $1.8M Real Estate Portfolio by Outsourcing Your “Weaknesses” w/Andy Gil Aug 10, 2023

Show notes

Want to build a million-dollar real estate portfolio? We’ve got good news for you! You DON’T have to rush full-steam ahead, buying every property that crosses your path to reach financial freedom. That’s right, instead of buying dozens of units a year, you can buy a dozen units within a couple of decades, taking the slow, steady path to building wealth instead of ferociously racing to rack up as many rentals as possible.

While it may sound like every real estate investor is constantly on a buying spree, this is far from the truth. Investors like Andy Gil have been able to build seven-figure real estate portfolios without sacrificing time with family or infringing on their morals to make more money. Far from it, actually; Andy is outwardly trying to make it easier for often neglected renters to find a safe place to stay.

Through the past two decades, Andy has been building his rental property portfolio up to the twelve units it is today. He never thought he would be the person to buy a house, let alone own a rental portfolio. Still, thanks to his differences that make him a superhero in aspects most investors would dread, he’s built serious wealth without sacrificing what’s important. In this episode, you’ll hear precisely how Andy did it, his “T-Rex” policy that entices renters, outsourcing your weaknesses, and using your differences to build wealth.

In This Episode We Cover:

Andy’s “T-Rex” rental policy that leads to low vacancy and a steady stream of passive income

Outsourcing your weaknesses and why you MUST know what you don’t do well

Buying a “fractured condo association” and why Andy is all-in on this uncommon asset class

Taking obstacles and turning them into opportunities along your investing journey

How multifamily real estate investors can prepare for an upcoming wave of vacancies

Why unit count DOESN’T matter, but the wealth in those units does!

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

A Slow, Steady, and Sustainable Way to Buy Rentals

The Ultimate Guide to Adding Systems & Outsourcing to Work Less in Real Estate

Going Into Multifamily When You’re Fairly New to Real Estate

Connect with Andy:

Andy's BiggerPockets Profile

Andy's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-803

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802: Codie Sanchez: Passive Income is a Scam, Do This Instead Aug 08, 2023

Show notes

Codie Sanchez doesn’t believe in passive income but still makes millions of dollars a year with businesses that don’t require her input. To her, building businesses isn’t the “set it and forget it” dream that most investors think it will be, but it sure beats having a job. Codie has built her wealth by buying “boring” businesses that most people overlook. Car washes, laundromats, and self-storage are some of her portfolio favorites, and they could make you a killing too.

So, what business should you buy? In today’s episode, Codie goes over the exact type of businesses real estate investors should be looking into, what to do before you even begin your search, and how to hire someone else to run the business so you don’t have to. But you might think, “I have no experience doing ANYTHING like this.” Thankfully, you don’t need to be a former CEO or investing expert to buy profitable boring businesses, but you need something almost everyone has.

From there, Codie dives deep into the secret of “talent management” and how to keep great employees around while making them rich, plus the one partnership tip that could stop you from getting scammed and losing hundreds of thousands of dollars (this happened to Codie). Want to buy a business and leave your nine-to-five behind? Tune in!

In This Episode We Cover:

How to buy a “boring” business that will build wealth for you

The passive income scam and why the money you make comes with a cost

Hiring out your business so you can spend time doing what you want

The talent management “secret” and how to keep the best employees around for decades

The businesses that real estate investors should look at buying

Codie’s rules of thumb that she follows when buying ANY type of business

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

BiggerPockets Real Estate Podcast 614

BiggerPockets Money Podcast 416

BiggerPockets Business Podcast 105

Buying and Growing a Small Business With Little to No Risk

Books Mentioned in the Show:

Winning by Tim Grover

Connect with Codie:

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-802

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801: The Secret to Building a Rental Portfolio With Limited Time, Money, or Experience Aug 06, 2023

Show notes

No time or money to invest? You need a real estate partnership. What keeps almost every real estate rookie from investing is the fear that they’ll fail or that they don’t have enough to get started. But what if you could join forces with an experienced investor and learn the real estate investing game while gaining equity? Or, what if you’re busy making money from a high-paid job or business and don’t want to manage tenants, toilets, or trash? Well, there’s a good chance a partnership could take your passive income to the next level.

To help unlock the world of real estate partnership, Ashley Kehr and Tony Robinson from the Real Estate Rookie podcast join us and give a glimpse into their new book, Real Estate Partnerships. In it, they talk about the four reasons why most investors need a partner, where to find the right person to invest with, the different types of partnerships (equity vs. debt), and red flags that you CAN’T ignore.

Both Ashley and Tony have built multimillion-dollar real estate portfolios thanks to partnering up. So, if you’ve tried to go at it alone and aren’t having much luck building wealth, this may be your sign to start searching for a partner who will help you build your rental property portfolio!

Grab your copy of Real Estate Partnerships and use code “PARTNER801” at checkout for an exclusive discount.

In This Episode We Cover:

The four signs that you NEED a partnership to succeed in real estate

The red flags to RUN away from if you see them in a potential partner

Debt partnerships vs. equity partnerships and how the wrong one could kill your deal

The partnership agreement and why you MUST sign one before you start investing together

Where to find the perfect real estate partner (they’re closer than you think!)

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

How to Use the DISC Profile to Communicate Effectively in Business

Grab Your Copy of “Real Estate Partnerships” and Use Code “PARTNER801” at Checkout

Connect with Ashley & Tony:

Ashley Kehr's BiggerPockets Profile

Ashley's Instagram

Real Estate Rookie Podcast

Tony Robinson's BiggerPockets Profile

Tony's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-801

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Recorded at Spotify Studios LA.

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800: Million-Dollar Advice from Millionaire Investors Codie Sanchez, Alex and Leila Hormozi, and More! Aug 03, 2023

Show notes

Want to be a millionaire? We sat down with Codie Sanchez, Alex and Leila Hormozi, Mikey Taylor, Cody Davis, Christian Osgood, and other multimillionaires and distilled their most critical investing, business, and entrepreneurship advice into one episode. But we couldn’t unleash all this wealth-building content on any old episode, so we packaged it up and made it into our episode 800 special!

This time, we’re not just hearing from one successful guest but dozens of them as we get their take on the biggest mistakes, the worst wastes of money, the best advice they’ve ever received, and whether or not you’re too old (or young) to get rich. You’ll hear what’s holding them back today and the one thing they wished they had done earlier that would have made them millions more and saved thousands of hours.

Stick around because this episode is a masterclass on making your first (or next) million from investors who are playing the game better than anyone else. Be sure to keep an eye on the BiggerPockets feed, as these full interviews will be released over the next few weeks!

In This Episode We Cover:

What you should NEVER ignore if you’re building a rental portfolio or business

Why focusing on making money while you’re young is a WASTE of time

The $3,000 purchase that Alex and Leila Hormozi wish they could take back

Why you DON’T need money to make millions and an eight-figure mistake you CAN’T repeat

Building your systems and processes NOW so you can relax while others work for you

Shiny object syndrome and how it’s secretly making you broke

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Andrew Cushman's BiggerPockets Profile

Connect with The Guest:

Alex Hormozi's Instagram

Alex's Latest Episode

Andrew's Latest Episode

Ashley Kehr's BiggerPockets Profile

Ashley's Instagram

Real Estate Rookie Podcast

Christian Osgood BiggerPockets Profile

Christian's Instagram

Christian's Latest Episode

Codie Sanchez' Instagram

Codie's Latest Episode

Cody Davis' Instagram

Cody's Latest Episode

Danny's (Mentee) BiggerPockets Profile

Jason Lee's Instagram

Leila Hormozi's Instagram

Leila's Latest Episode

Mikey Taylor's Instagram

Philip's (Mentee) BiggerPockets Profile

Soli Cayetano's BiggerPockets Profile

Soli's Instagram

Tony Robinson's BiggerPockets Profile

Tony's Instagram

Wendy's (Mentee) BiggerPockets Profile

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-800

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

Recorded at Spotify Studios LA.

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799: 3 Steps to Building a Simple, Safe, "No Bank" Rental Property Portfolio w/Cody Davis and Christian Osgood Aug 01, 2023

Show notes

You can build a multifamily real estate portfolio without a ton of money, risk, or time. Cody Davis and Christian Osgood built their multimillion-dollar rental property portfolio in a matter of years, using strategies that ANYONE, no matter their experience level, can use. But, how they do things is a little unconventional and probably goes against everything top real estate investors have been telling you.

While the world looked to lock down as much debt as possible during 2020-2021’s low mortgage rates, Cody and Christian sought something else. This dynamic investing duo wanted long-term debt on excellent properties that could be paid off quickly, enabling them to own their portfolio outright. This meant that Cody and Christian would have to sacrifice a substantial amount of cash flow, keep their spending low, and only buy the best properties out there.

How Cody and Christian bought the properties is a strategy you most likely haven’t heard of before. It’s so ingenious that if you follow the same steps as Cody and Christian, you’ll be able to get THE best properties, at the best price, from a seller who WANTS you to make money off them. Doesn’t sound possible in such a cutthroat industry, does it? Stick around to learn the EXACT steps Cody and Christian took to build their low-risk, high-reward, eight-figure portfolio.

In This Episode We Cover:

How Cody and Christian built a 130-unit rental portfolio in just a few years

The three simple steps to seller financing and why you NEVER ask if an owner is selling

Working with realtors and how to turn on-market deals into off-market steals

Where to find seller-financed properties and owners that are most likely to sell

Mortgage rates, bank loans, and how to choose your own terms on your next loan

How to NEVER lose your wealth and why most investors are in for a rude awakening

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

BiggerPockets Podcast 554 with Cody

BiggerPockets Podcast 605 with Christian

How Cody Davis Acquired 81 Units By The Time He Turned 21

The Definitive Guide to Using Seller Financing to Buy Real Estate

Connect with Cody & Christian:

Cody's Instagram

Christian's Instagram

Christian's BiggerPockets Profile

YouTube

Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-799

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Recorded at Spotify Studios LA.

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798: Leila and Alex Hormozi’s Unbelievably Simple Investing Advice Jul 30, 2023

Show notes

Leila and Alex Hormozi are arguably the most popular business owners on the internet. After growing Gym Launch, one of their first major brands, and selling it for many millions, Leila and Alex knew that they had the secret sauce for building businesses. When someone asked them to use the same strategy for another brand, the idea of Acquisiton.com was born, and the seven, eight, and nine-figure wealth building began.

Now, Leila and Alex are running Acqusition.com at a rate that most entrepreneurs couldn’t even fathom. Their monthly revenues alone blow most businesses’ yearly numbers out of the water. And they’re doing it all as husband and wife, with less bickering and a lot more business getting done. Almost every wannabe entrepreneur wants what Leila and Alex have, so what’s their blueprint to success?

In this episode, Leila and Alex break down how they’ve built their nine-figure businesses, the secret to scaling your brand and making millions, the do’s and don’ts of working with your spouse, and Alex’s new book, $100M Leads. This is a masterclass in running your business the RIGHT way, and if you want to build multimillion-dollar wealth, you CANNOT miss this episode.

In This Episode We Cover:

Leila and Alex’s business blueprint and the exact way they build their brands

The secret to scaling and why it’s SO hard to hire the right people

Leila and Alex’s surprisingly simple investing advice that the wealthy follow

Working with your spouse and when you should (and shouldn’t) invite your partner to work with you

Who you should hire FIRST when building your small business

The eight ways to build eight-figure revenue streams for your business

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Hear Our Previous Interview with Alex

Leila on How to go from $0 to MILLIONAIRE

Books Mentioned in the Show

$100M Offers by Alex Hormozi

Connect with Alex:

Connect with Leila:

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-798

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Recorded at Spotify Studios LA.

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797: 7 Rentals in 3 Years by Breaking All the Real Estate Rules w/Jenni Vega Jul 27, 2023

Show notes

Most people take YEARS to buy their first rental property, but most people aren’t Jenni Vega. Instead of waiting, Jenni bought seven rentals in just three years, with almost unbelievable cash flow on each using what she calls the “golden triangle” method of investing. With this simple framework, Jenni was able to buy undervalued properties in cities that most investors don’t even have on their radar. The properties are cheaper, the profits are bigger, and if you copy Jenni’s method, you, too, can build a six-figure side income stream in just a few years.

Surprisingly, Jenni still keeps her day job as a Cutco closing gift saleswoman. In fact, it’s what got her into real estate. After working with dozens of realtors a week, Jenni learned about buy and hold rental property investing. It didn’t take long before she bought her first property in an area most investors would avoid. But, thanks to careful planning and intentional investing, Jenni turned this cheap property into a $50K/year revenue stream. And that was just the start.

Now, breaking all the “real estate rules,” Jenni is out to prove that almost any property can become a profitable vacation rental. Whether she’s adding game rooms, "redneck mini golf" courses, or cowboy pools, Jenni has turned lackluster properties into top-performing short-term rentals. If you follow her advice, you can do it too!

In This Episode We Cover:

The “golden triangle” method that ensures your rental will always be full

Breaking the “real estate rules” and why boring locations bring in BIG cash flow

Quitting your nine-to-five and why keeping your active income stream may be a better idea

Unique amenities that will make your vacation rental stand out in a saturated market

The short-term rental listing tip that could give you a boost in bookings

How to invest in short-term rentals in 2023 (and what to avoid before you start)

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Tony's BiggerPockets Profile

Tony's Instagram

Tony's YouTube

Hear Tony on the “Real Estate Rookie” Podcast

Subscribe to the “Real Estate Rookie” YouTube Channel

Learn About Tony’s Recent Deal Gone Wrong

Books Mentioned in the Show

HOLD: How to Find, Buy, and Rent Houses for Wealth by Steve Chader and Jennice Doty

Connect with Jenni:

Jenni's BiggerPockets Profile

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-797

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.

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796: 2024 Housing Market Predictions and 3 Underrated Real Estate Markets to Watch Jul 25, 2023

Show notes

We’ve got 2024 housing market predictions coming up in this episode. But don’t worry, David and Rob haven’t put their careers on the line to try and guess where home prices will be next year. Instead, we brought the expert panel from On the Market to give their best real estate predictions so David and Rob remain safe in the eyes of our darling listeners. Dave Meyer, host of On the Market and BiggerPockets VP of Data and Analytics, recaps the 2023 housing market and tells us what (and where) to look for as the year’s second half begins.

Dave and the expert investor panel will review everything that happened over the past six months in real estate. From home prices correcting and failing to crash to inventory falling back down to historic lows, days on market dwindling, and the “lock-in effect” for homeowners, the 2023 housing market turned out to be nothing we would have expected. But is there hope for rental property owners and real estate investors?

To answer that, our guests will give their mortgage rate, recession, and home price predictions. But that’s not all. They’ll also uncover some of the most underrated real estate markets across the nation, all showing strong signs of growth and huge profit potential. Get in before the masses do, and for more up-to-date real estate data, check out On the Market!

In This Episode We Cover:

The housing market correction explained and why we never had the crash so many predicted

Inventory updates and why homeowners are too “locked-in” to sell their homes

Mortgage rate predictions and where we could see rates end up in 2024

Home price forecasts and why one expert guest still thinks we’ll see sizable price jumps

Three “under the radar” real estate markets that you’ve (probably) never heard of

The #1 place to live in the US that has homes for half the US average!

And So Much More!

Links from the Show

Listen to All Your Favorite BiggerPockets Podcasts in One Place

Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

Get More Deals Done with The BiggerPockets Investing Tools

Find a BiggerPockets Real Estate Meetup in Your Area

Listen to The “On The Market” Podcast Wherever You Listen to Podcasts:

BiggerPockets

Apple Podcasts

Spotify

Subscribe to the “On the Market” YouTube Channel

The BIG Economic Implications of US Bank Failures w/Mark Zandi

NW Arkansas Skyline Reports

Connect with Dave, Kathy, Henry, & James:

Dave's BiggerPockets Profile

Dave's Instagram

Henry's BiggerPockets Profile

Henry's Instagram

Henry's Website

James' BiggerPockets Profile

James' Instagram

James' Website

Kathy's BiggerPockets Profile

Kathy's Instagram

Kathy's Website

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-796

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795: Making $10K/Month with a “Small and Mighty” Rental Portfolio w/Chad “Coach” Carson Jul 23, 2023

Show notes

Rental properties and early retirement go together like peanut butter and jelly. If you want to leave your nine-to-five behind, make six figures, and have ultimate time freedom, real estate investing may be your best bet. But, with so many influencers constantly pushing “more doors,” it seems like real estate is becoming a death race to retirement, not something that grants total financial freedom. If you want to ACTUALLY retire early, with fewer headaches, and a lot of passive income, Chad “Coach” Carson is who you should listen to.

For the past year, Chad and his family have been living abroad in Spain. He’s taken time to learn Spanish, lounge around, and have a siesta while his rental properties create his passive income. The best part? Chad spends two hours (yes, TWO) a week running his rental property portfolio. But Chad didn’t need to build a real estate portfolio of a billion units to accomplish his goal of ultimate time flexibility. Instead, he built a “small and mighty” portfolio.

In today’s episode, Chad walks through how to build a rental property portfolio that will help you reach financial freedom without owning hundreds of units. He also uncovers why debt and leverage aren’t always the best option and why you should pay off your properties before they’re due! You can learn more about Chad’s exact strategy in his new book, “The Small and Mighty Real Estate Investor.” Use promo code “SMALL795” for a special discount!

In This Episode We Cover:

How to retire early with rental properties and only work two hours per week

When to take profits and when to reinvest in your portfolio

Delayed gratification and why you SHOULD take “mini-retirements” on the road to financial freedom

The five most commonly believed myths about building a real estate portfolio

Paying off your rentals early and the double benefit of being debt-free

And So Much More!

Links from the Show