BiggerPockets Real Estate Podcast

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Latest Episodes:

431: How to Make Trade-offs in Your Life (Before Others Do it For You) with Greg McKeown Jan 03, 2021

Show notes

Your agent is calling you to show you houses, your boss is emailing you about some work to do, your partner wants to grab dinner, and you want to take a nap. How do you prioritize things in your life when everything seems so important? The key is essentialism.

Joining the podcast today is Greg McKeown, Author of Essentialism: The Disciplined Pursuit of Less. Greg relates to the struggle of many entrepreneurs and investors: too many options, not enough time. Instead of telling you to wake up at 5 AM, take a cold shower and work until 10PM, he presents a far more effective (and simple) approach.

What Greg suggests: pick the things you care most about, do them, and don’t worry about the rest. But how do you pick when everything seems essential?

The answer: almost everything else besides your core cares/needs aren’t essential. If you begin to treat the non-essential as essential, you stretch yourself too thin, not allowing you the time to accomplish what truly is...essential.

In the modern age, many of us feel like we don’t have time to accomplish everything we want. When we get laser-focused and put the principles of essentialism in our daily lives, we can accomplish more than ever.

In This Episode We Cover:

What is essentialism?
How to designate the non-essential from the essential tasks
Why having too many good options puts us in a dangerous position
How to find out which tasks deserve delegation or deletion
Developing the courage to say “no”
Finding an accountability partner so you’re locked in for success
Why Brandon wants to spend less time on Tiktok
And So Much More!

Links from the Show

BiggerPockets Podcast
BiggerPockets book store
Essentialism book Website
StickK App. How to turn goals into a reality

Click here to check the full show notes: https://www.biggerpockets.com/show431

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430: Best of 2020: Brandon and David’s Favorite Pieces of Advice from 2020 Guests Dec 31, 2020

Show notes

Another year of the BiggerPockets Real Estate Podcast is in the books! This time, we’re joined by co hosts, David and Brandon, live from the Sea Shed in Maui!

We’ve had such a fantastic group of guests this year, so to help ease into 2021, David and Brandon picked their 7 favorite clips from the whole year. You’ll hear from familiar faces like Tarl Yarber, Thach Nguyen, and other real estate rockstars.

This episode doesn’t just touch on real estate, we also go into how many real estate professionals made personal growth a priority when accomplishing their goals, all while enjoying their life more.

If you’re ready to expand your business, get more units under contract, or begin your first house hack, this advice will be crucial for your personal, business, and real estate success in the coming year. It has certainly helped out Brandon and David!

Thanks again for joining us this year, we look forward to interviewing even more amazing guests in 2021 (and beyond)!

In This Episode We Cover:

Why certainty is often more expensive than risk
Why integrity in the present is worth so much more for your future
Staying focused on the long-term perspective for consistent success
The importance of peace of mind when investing in real estate (and other assets)
Why you need to build a business around your life (not the other way around)
How to commit even when you don’t have all the pieces needed
Why you always need to keep your expenses low (if you want to escape the rat race)
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show430

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429: Pursuing Self-Sovereignty and Why Life is More Meaningful When It’s Hard with Ryan Michler Dec 27, 2020

Show notes

How many times has something happened in life where we blamed someone besides ourselves for the outcome? Didn’t get a promotion: it’s your bosses fault for being greedy! Ran late to work: it’s all the other drivers faults, not yours! Investment property having problems: it’s the tenant doing all the damage!

Ryan Michler, founder of the Order of Man, sees this sort of victim mentality as a massive block to our full potential. He makes the well-put point that all we can do is control our effort, we can’t control others.

This realization didn’t come easy, though. Ryan realized this after a tough fight with his partner, leading him to reevaluate not only their relationship, but the way he shifted blame on others, in an unhealthy way.

Now Ryan interviews the men that he looks up to on his own podcast, all while running his organization/brotherhood of those part of the “Order of Man”.

It’s not easy to stay humble and calm all the time, especially in the state of our current world, but Ryan does as good of a job as any to remind us all that our future is in our hands, and all we can do is try our best, consistently.

In This Episode We Cover:

Why we all need to practice humility, ownership, responsibility, and sovereignty
The importance of having a “servant’s mindset” even as a business owner
How to constantly add value to whatever you do in life
Why we should shift our focus to our efforts and not other’s efforts
Why having children makes you want to be better and push harder
The importance of owning and running a business, even at a young age
Dropping the “I” and using the “We” when leading a team
Why “the win” is simply “playing the game”
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show429

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428: Using Simple Conversations to Get Deals Others Can’t with Investor Rodney Ross Dec 24, 2020

Show notes

Rodney Ross didn’t have the most gracious entrance to the real estate space. He bought a house while in college, with only $8,000 down and not a lot in the bank. The house ended up getting de-authorized for tenants to live in so Rodney had to go back on his loan. Game over right? Time to give up? Not for Rodney!

While finishing college, Rodney decided to take it a bit slower, getting his real estate agent license so he could build up the capital to buy rentals. He’s been an agent, a wholesaler, a general contractor, and a buy and hold investor. If it’s happening in real estate, Rodney probably knows about it!

Unlike many new (and even experienced) real estate investors, Rodney took the time to nurture leads, have meaningful conversations with sellers and buyers, and found that by having some basic empathy for the other party, you’re more likely to close deals.

This strategy seemed to have worked, in a decade since his first deal, Rodney now has around 20 cash flowing units, and he’s looking for more!

Using the 203k loan, Rodney has been able to get homes at a discount, finance the repairs, and get them rented and refinanced, kind of like a speciality BRRRR. This episode proves that if you care about real estate, care about your partners, and are willing to take risks, it will truly pay off.

In This Episode We Cover:

How to get back up after a frustrating investment
How knowing about construction timelines and projects can help you get comfortable enough to do your first rehab
Why mixed use properties are often an overlooked real estate class
The importance of defining your role with your partner
How to talk to buyers so they’ll choose you over other offers
Why it’s so important to look out for the other real estate parties in a deal
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show428

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427: The 12 Week Year and The Danger of Long-Term Goal Setting with Brian Moran Dec 20, 2020

Show notes

We’re joined today by author, consultant, and entrepreneur Brian Moran, author of The 12 Week Year. Brian holds a view that many BiggerPockets listeners subscribe to: you are more capable than you think. Through short term sprints, Brian has found that we can all accomplish long-term goals, regardless of the difficulty.

This isn’t just a strategy that works for real estate, this works in any industry. Brian has consulted with every kind of business, and the results speak for themselves. Regardless of job type, business type, or industry type, the 12 week yearhelps you accomplish more by doubling down on what you need to do most.

Brian also talks about the danger of long term goal setting, and even annual goal setting. It isn’t that long term goal setting doesn’t work, it’s that it presents us with a long time frame to accomplish something we could do far quicker. That’s how the 12 week year kicks our “unproductive mindset” to the curb, and gets us fired up to do great things sooner.

Many investors find it hard to break out of their comfort zone, do the things that they find hard, or even just feel motivated. The crucial part of finding success wherever you need it? Take action, start today, track, plan, and re-plan when needed. You’ll soon find that you’re fired up about things that used to seem scary!

In This Episode We Cover:

What the “12 Week Year” really is
How short term goal setting can help you accomplish your biggest goals
Why you need to shift focus to executable tasks
How to get tactical on your goals and what you can do to accomplish them
Leaning into hard things and shying away from comfort
The importance of “vision work” and knowing where you’re headed
Holding yourself accountable for what you want most in life
How repetition forms competence and competence forms confidence
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show427

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426: Using the “Sunflower Method” To Buy 18 Properties in Just a Few Years with Teacher Jon Wooten Dec 17, 2020

Show notes

Many new investors find excuses for why they can’t buy properties. Either they don’t have the money, the deals, or the experience. Our guest today, Jon Wooten, had none of these three, but found a way to acquire 18 units (and become financially free) in only a few years.

By asking questions and sticking out to the local real estate investors, Jon was able to acquire valuable experience, all while gaining equity in his rental properties. Jon has his own method for finding deals and acquiring wealth, called the “Sunflower Method”, which has helped him get to the point he is at.

Now, financially free at 28, Jon has the ability to choose whether he wants to work, which projects to go after, and how he wants to spend his time. This isn’t a far away goal that only the rich and well connected can get to, it’s available for all real estate investors!

You may be working a minimum wage job, stuck in a career you want out of, or have debt. Jon shows that all of these can’t stop you from acquiring wealth!

How do you find houses? How do you find a mentor? What’s the best way to find a quality handyman? How can you make sure a house is being inspected properly. All these questions and more are answered in this episode!

In This Episode We Cover:

How to find a mentor AND get your first rental
Why you should make it an effort to get to know your local real estate investors
Why self-managing is a great way to gain experience
How to get seller financing on a rental (and who to ask for it)
Why you should call “for rent” signs
What the “Sunflower Method” is and how it builds wealth
The best way to find a quality (and inexpensive) handyman
Fake cash flow vs Pure cash flow
How to properly inspect a house before you make an offer
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show426

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

425: Focusing On Your $10,000/Hour Tasks (And How to Outsource the Rest!) with Benjamin Hardy Dec 13, 2020

Show notes

On last week’s episode, we talked to Dan Sullivan, author of Who Not How. This week, we’re joined by his co-author, Benjamin Hardy. Benjamin has spent the last few years getting his PhD in organizational psychology, writing books such as Personality Isn’t Permanent and Willpower Doesn’t Work. These tie perfectly into his new book Who Not How, and will help you get to the business, personal, fitness, or other goals you’re trying to reach.

Benjamin goes through why things like willpower and effort are often misunderstood, and how they can be used as tools to get you to your goals, but they aren’t the path. Benjamin walks us through why so many entrepreneurs get “decision fatigue” and why situations often rule over people, not the other way around.

Benjamin presents a very unique view on shaping your future, one that isn’t often talked about in the self-help and business space. With many entrepreneurs feeling stressed, fatigued, or just confused, Benjamin’s advice offers not only a practical, but tangible way to accomplish what you want and do better in your business and personal life.

We also double down on the importance of hiring people who will make your life easier, not just for your sake, but for theirs as well. Plus, Benjamin shares one of the most important hires you can make that will help you clear hundreds of hours off your calendar.

This episode isn’t just about why you should hire an employee. It’s about how you designate your time, and ultimately your life. As Benjamin says “Your future self is more important than your present self”, and for good reason!

In This Episode We Cover:

Why willpower doesn’t work in the way many people think it does
Why situations are often more powerful than people
How to remove “decision fatigue” and stop it from plaguing your life
How to find the right “who” for your organization and life
Defining your crystal clear criteria for your future self and the roles of others
How to be the right “who” for someone else’s “how”
Applying behaviors so your identity can follow
Focusing more on getting your “$10,000 tasks” done
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show425

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424: Make More Money, Build Your Portfolio, and Get Greater Tax Deductions in 2021 with J Scott, Amanda Han, & Matt MacFarland Dec 10, 2020

Show notes

We have a real estate and investing mastermind session in this episode of the BiggerPockets Real Estate podcast! J Scott, Amanda Han, & Matt MacFarland join David and Brandon to discuss what investors should do to maximize their wealth (and opportunities) in 2021.

Co-host David Greene goes over his new book SOLD: Every Real Estate Agent’s Guide to Building a Profitable Business, talking through who should (and shouldn’t) be an agent, what makes a great agent, how agents can maximize their income, and more!

J Scott talks heavily about how the election, stimulus packages, and new (proposed) tax codes could hurt (or help) real estate agents, and what you can do to ward off higher tax plans, loss of rent, or even inflation.

Amanda and Matt are our tax professionals on the show! They dive into which upcoming 2021 tax codes could affect you, whether you’re an agent, a real estate investor, or just a W2 worker!

This is a fantastic episode for any listener who wants to know more about how 2021 may shape our economic future. Thankfully, we have some of the best guests in the world to tell you about it!

In This Episode We Cover:

Who should and shouldn’t become a real estate agent
How to offset earned income tax with real estate investments
Why you should buy David’s new book SOLD: Every Real Estate Agent’s Guide to Building a Profitable Business
The new opportunity of buying businesses in 2021
How to hire your best workers (and why you may need to let some go)
How 2020 taught us to keep our businesses lean
What to do if 1031 exchanges go away
How inflation may affect your wealth over the next 1-5 years
Why debt is a great inflation hedge
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show424

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

423: Who Not How: Stop Doing the Things You Hate, Free Up Time, Be Happier and Richer with Dan Sullivan Dec 06, 2020

Show notes

Has anyone ever told you “you’re really good at that, you should make a business out of it”, if so, you may have inadvertently found your “unique ability”.

Author and coach Dan Sullivan joins us to talk about the secrets of success behind the 20,000+ entrepreneurs he’s coached over the past few decades. If you’re finding it hard to scale up your business, hire on more staff, or get rid of the stuff you hate doing, Dan probably has an solution for you.

As someone who’s built a coaching empire AND been bankrupt twice, Dan knows a thing or two about what makes asuccessful enterprise, and what doesn’t. His key to success? Create a self-managing company, that allows you, the entrepreneur, to do what you really love.

Hate going through spreadsheets? Great, hire someone who loves it! Don’t like picking up the phone to talk to investors? Cool, get someone who likes to chat! Love giving presentations to prospective clients? Great, make it your main job!

Whether you have one employee or thousands of employees, Dan shows how simple it is to designate tasks, get the right person doing the right thing, and free up time for you and the whole team! The best way to hear Dan’s advice and grow your company? Listen to this episode!

In This Episode We Cover:

Finding your “unique ability” and using it to build a business
The 4 freedoms of an entrepreneur (and why they’re so important)
How to create a “self-managing” company
Why procrastination is a great tool
Why the future of business is reliant on teams
How to hold a team together when building your business
Whether you’re a “simplifier” or “multiplier” entrepreneur
How not to get bogged down in an abundance of choice in the modern age
And So Much More!

Links from the Show

Click here to check the full show notes: https://www.biggerpockets.com/show423

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

422: From W2-Job Single Mom to Flipping Real Estate Rockstar with Amanda Young Dec 03, 2020

Show notes

Amanda Young stumbled into real estate. After being let go from a job, dealing with a family emergency, and homeschooling her son, Amanda knew that she had to find a way to provide for her family, but also allow her to discover her hidden edge.

After finding BiggerPockets and joining a local REIA (real estate investors association), she decided to take the jump and buy her first rental. Now, in 2020, she has 7 rental properties and a flourishing flipping business, working with a partner that matches her energy.

Amanda found her localized niche by targeting owners of “sinkhole homes” and offering them deals that not only made sense for the buyer, but were a steal for her. She then used creative financing (really creative) to get these homes under contract.

Amanda is the definition of someone who has grit, and is willing to work hard to earn their piece. She talks through Section 2 deals, 1031 exchanges, refinancing, and even how to “COVID-Proof” your tenants, so when the next global emergency happens, you’ll be ready.

In This Episode We Cover:

How to fight your analysis paralysis and get deals done
What probate deals are and how to find leads
Why owner financing can be a win-win for buyers and sellers
How Amanda found a niche in “sinkhole homes”
Why it’s important to find a niche that others would run from
How to “COVID-Proof” your rental properties
Getting ahead as a woman in a male-dominated industry (flipping)
Empathizing with the seller so you’ll win negotiations (even with less money)
And SO much more!

Links from the Show

Check the full show notes here: https://www.biggerpockets.com/show422

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

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