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BiggerPockets Real Estate Podcast

Want financial freedom? Dave Meyer and Henry Washington teach proven real estate strategies and share candid conversations with everyday investors building wealth in today’s market.

Copyright: © Copyright © 2019 BiggerPockets Inc. 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:

357: $6M Portfolio Before Age 30 by Finding "Problem" Properties with "Meet Kevin" Paffrath Nov 21, 2019

Show notes

YouTube sensation alert!

On today’s show, Brandon and David sit down with real estate investor and agent Kevin Paffrath of “Meet Kevin” on YouTube.

Kevin is young and doing great with real estate from several angles! He's built millions of dollars in wealth through single family properties in Southern California and shares some fantastic advice that will help you do the same.

You will love his advice regarding what he looks for in rehabs, what he avoids, and how he LOVES finding properties with problems! He also discusses how he found a deal holding an open house, how he avoids paying taxes on his profits, and how he was able to buy a house with his girlfriend while working at Jamba Juice!

This episode is high-energy, fun, and full of great practical advice for newbies and experienced investors alike.

In This Episode We Cover:

Buying his first property while working at Jamba Juice
How he bought with PMI, then removed it later
Why he invests as an agent
Why he tracks his net worth
Common problems that prevent investors from building wealth
Buying the majority of his properties from the MLS
How he talks to other agents to get deals sent to him
Finding a deal while holding an open house
Why buying SFR to build equity then exchanging into multifamily is a great strategy
Avoiding paying taxes
Looking where others aren’t for deals
How he still buys homes that get multiple offers
Why he DOESN'T want cash flow right now
A walk through of his latest rental
Attracting quality tenants
The best kind of relationship with real estate agents
The problems he avoids in rehabs
And SO much more!

Links from the Show

BiggerPockets Forums
BiggerPockets Pro
Email: podcast@biggerpockets.com
David's Instagram
Brandon's Instagram
BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
BiggerPockets Youtube
BiggerPockets Meetup
BiggerPockets Webinar Replay

Check the full show notes here: http://biggerpockets.com/show357

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356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah Nov 14, 2019

Show notes

Want to build massive wealth in a top-end rental market that’s also really expensive—all while minimizing your risk? Don’t we all!

Well, you’re in luck, because today’s guest has done just that—and in a surprisingly simple way that anyone can replicate. On today’s show, Brandon and David dig deep into the strategy used by Joe Asamoah, a Washington, D.C. investor, who owns more than 30 single family homes that are currently building him massive wealth!

You will be absolutely fascinated as you hear how Joe uses HUD housing vouchers to generate big returns in high-end areas while also reducing his risk to survive tough markets. Joe also shares some amazing tips for how he keeps tenants for 15 years at a time, including how he creates a huge demand for his homes, which kinds of properties he targets, and how he gets deals brought to him before anyone else.

Joe goes on to reveal some extremely effective tips regarding how to treat your tenants so well they never leave, how to convince lenders to work with you, and why he visits potential tenants in their current homes on short notice.

This show is chock full of extremely practical advice anyone can follow, not to mention useful tips for high-level real estate investing. This is an episode you will listen to several times and walk away extremely inspired.

In This Episode We Cover:

Why he targets 5-bedroom houses
Why the greatest HUD demand is for 4-, 5-, and 6-bedroom homes
HUD requirements for what qualifies as a bedroom
The advantages of investing in a capital city
Why he rehabs his properties to HGTV-grade quality
Why he visits potential tenants at their current homes
Why he sends his tenants flowers on Mother’s Day and presents for Christmas
Why he rewards his tenants' children for good grades and even offers vacations for tenants
How his model is designed to be recession-proof
Why he has a 20-page lease
Why he focuses more on reducing expenses than he does on increasing rents
Why he hired an assistant to manage his properties instead of using a traditional property manager
And SO much more!

Links from the Show

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355: From Small-time Landlord to 1000+ Units Under Contract with Ryan "The Mercenary" Murdock Nov 07, 2019

Show notes

From Bangor, Maine to Maui... by providing massive value!

If you’re looking for a mentor, partner, or lender, this episode is for you. You’ll learn how Ryan Murdock went from small-time landlord/property manager to major player in Brandon’s growing mobile home park empire; how he’s the perfect complement to Brandon’s DISC profile; and how they find, underwrite, and finance multi-million dollar deals.

Ryan is a modest, down-to-earth guy with a keen awareness of his own strengths and weaknesses, and this episode will show you how you can develop that quality to find the right partner and level up your business (and life!).

Don’t miss this one, and subscribe to the BiggerPockets Real Estate Podcast so you won’t miss out next week!

In This Episode We Cover:

How Brandon and Ryan met
What Ryan did that caused Brandon to pump his brakes and start paying attention
How they slowly formed what became one of the most dynamic duos in real estate
The attitude Ryan embraces that makes him so valuable
How he earned an equity stake in a huge company
How they’ve hired additional members to help grow the business
Learn how to create the “vivid vision” Brandon came up with
How they joined forces to create “rocket fuel” and scale their syndication model
And SO much more!

Links from the Show

Listen on BiggerPockets: https://www.biggerpockets.com/show355

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354: From Rookie Mistakes to Syndicating BIG Deals with Nichole Stohler Oct 31, 2019

Show notes

From single family to multifamily to hotels!

On today’s show, Nichole Stohler sits down with Brandon and David and discusses her journey from purchasing a single family home to syndicating hotels! Nichole has a fascinating story that started with losing the first house she bought, grew into recommitting herself to learning the asset class of real estate, and ended with massive success through big deal syndications.

You’ll love the advice she shares about managing managers, scaling the right way, and dealing with tenants according to three irrefutable laws. She goes on to discuss keeping properties clean, choosing the right partners, and analyzing economic factors when choosing a hotel or apartment complex.

Nichole reveals tons of great tips when it comes to building wealth through various asset classes of real estate. This show has something for everyone!

In This Episode We Cover:

Her 3 irrefutable rules for dealing with tenants
How she scaled from SFH to multifamily and hotels
How she manages her managers
What she learned from her first deal that lost her money
Why she committed to really learning the asset class of real estate
Why having clean apartments is so important to tenant relations
Why so many investors make the mistake of not focusing on asset management
Why she turned to hotels when she couldn’t find anything in the multifamily space
How the 1031 exchange impacted her capital gains and depreciation recapture
Which economic drivers she looks for when choosing a property to buy
What she’s learned about operating syndications in the hotel space
And SO much more!

Links from the Show

BiggerPockets Forums
BiggerPockets Pro
Email Us: podcast@biggerpockets.com
BiggerPockets Podcast 345: “Vivid Visions” and 90-Day Sprints—Brandon’s Approach to Mobile Home Park Investing (and Life!)
BiggerPockets Events
GoodReads
Jo Nesbo
Camilla Läckberg
BiggerPockets Bookstore

Check the full show notes on BiggerPockets: http://biggerpockets.com/show354

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353: Turning $5k into $5k/Month and Retiring at 40 with Tim Rhode Oct 24, 2019

Show notes

“Trading up” to successfully retire financially free at 40!

On today’s show, Brandon and David interview retired real estate broker Tim Rhode, who explains how he was able to buy great deals and 1031 exchange them into financial freedom!

Tim shares some fantastic advice on playing great financial defense to achieve an early retirement, crushing it in real estate sales, and locking up deals during his first conversation with sellers.

Tim also shares how knowing his market led to him making hundreds of thousands buying land in the path of progress, how to build a “fulfillment triangle," and how he recognized the market turning in 2006 and cashed out before losing money.

Tim has a huge heart, is committed to helping others get out of the rat race, and shares some incredible advice on how to do so. Make sure you listen for his description of the several levels of financial freedom and his belief that those who make it to the top of the mountain should throw down the rope for the rest still climbing. Download this one today!

In This Episode We Cover:

Levels of risk tolerance
Delegating things you're not good at
How he got into real estate sales
Playing great "defense"
Not caring about what others think
How he invested everything left over that he didn’t spend
How he bought his first property—a triple wide mobile home—for 50 cents on the dollar
Using his influence as a broker to get great deals before they hit the market
How he bought land in the path of progress
How he exchanged several good deals by “trading up” into a triple net lease commercial property out of state
His philosophy on timing markets
His “fulfillment triangle”
The power of the 1031 exchange
Which houses he flipped and which he kept
How he retired at 40 years old
The multiple levels of financial freedom
The financial freedom principles he teaches in his non-profit
Where he believes we are in the current market cycle
And SO much more!

Links from the Show

BiggerPockets Forums
BiggerPockets Podcast 326: Health, (Big) Wealth, and Total Accountability With David Osborn, Pat Hiban, Tim Rhode (and Josh!)
Firestarter BiggerPockets
Wayne Dyer
Tom Hopkins
Zig Ziglar
BiggerPockets Bookstore
GoBundance
BiggerPockets Pro
Email Us: podcast@biggerpockets.com

Check the full show notes on BiggerPockets: http://biggerpockets.com/show353

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352: Bonus Audiobook Excerpt: The House Hacking Strategy Oct 19, 2019

Show notes

Prefer to listen, rather than read?

Here's a sample of the audio format of "The House Hacking Strategy: How to Use Your Home to Achieve Financial Freedom," by BiggerPockets' own Craig Curelop.

In it, you'll hear:

An overview of the "unfair advantages" house hacking offers
A breakdown of varying house hacking techniques
A real-life case study illustrating the above

You can find the full audiobook here bit.ly/househackaudible.

And don't forget, Audible is running a special deal for BiggerPockets Real Estate Podcast listeners!

If you're not yet a member, go to http://www.audibletrial.com/biggerpockets to get a free Audible book and a free 1-month subscription.

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352: No Driver’s License, No Money, No Excuses: How Diego Corzo Blazed a Trail to 18 Doors Oct 17, 2019

Show notes

Eighteen doors by 29 years old by never taking no for an answer! We realize there are a lot of inspirational investors out there, but on today’s show, you’re going to be blown away by one of the best.

Brandon and David sit down with Diego Corzo, a “DREAMer” who moved to the United States with his family at a young age. Fast forward a few years, and Diego jumped headfirst into real estate investing, using house hacking strategies that will work for anyone.

You will be blown away by Diego’s story of how he rode a bike (with his suit in a backpack to avoid getting it sweaty) when he couldn’t get a driver’s license, how he got on the fast track to becoming a millionaire, and how he overcame a speech impediment, going on to give a TED talk!

You will love his fantastic advice on what to look for in a house hack property, which areas to look when investing, and how to target the perfect tenant market. You’ll also appreciate his thoughts on avoiding drama between roommates, vetting turnkey companies, and structuring partnerships. Diego goes on to share some solid info about why he prefers “B” neighborhoods over “C” and why doing your own math is so important when analyzing deals.

This guest is truly an incredible person with an incredible story—not to mention some pretty fantastic investing advice.

Don’t miss out! Download this episode today, and make sure you're subscribed to the BiggerPockets Real Estate Podcast so you won't miss the next one!

In This Episode We Cover:

How Diego owned 18 doors by 29
How he overcame not having a driver's license
What adversity can teach you
How he got on the fast track to becoming a millionaire
How he overcame his stutter to go on to do a TED talk
How he invests out of state
What he looks for in a home to house hack
How he bought his first property
How he bought a property with his father
Why he prefers “B”-class properties over “C”-class properties
How he vets turnkey companies
Why doing your own math is so important
What he looks for in someone he can trust
What he recommends in terms of choosing an area
His advice for structuring partnerships
How he recommends avoiding drama with roommates in a home
And SO much more!

Links from the Show

Check the full show notes here: http://biggerpockets.com/show352

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351: LIVE from BPCon2019: Ask Us Anything! Oct 13, 2019

Show notes

All the BiggerPockets podcast hosts on stage in one place!

This bonus episode was recorded at the BiggerPockets Conference 2019 on October 7th in front of a live audience of more than 1,000 people at the Gaylord Opryland Resort in Nashville, Tenn.

We turned the mics over to our members, who fired a bunch of great questions at Scott Trench and Mindy Jensen, Brandon Turner and David Greene, Joshua Dorkin, and J and Carol Scott.

Our panelists covered some nitty gritty real estate topics, like tackling vacancy and how to invest IRA funds, as well as big-picture concepts like motivation, marketing, and teaching family members the importance of investing at an early age.

Also, everyone reveals which animal they would be if they had to choose, and a member of the audience challenges David Greene to produce an analogy on the spot. Listen to find out whether he performed under pressure!

Our first conference in seven years was a big success, and we’re so thankful to everyone who came out to learn, network, and have a great time.

Download this bonus episode, and be sure to subscribe to all three shows BiggerPockets Real Estate Podcast, BiggerPockets Money Podcast, and BiggerPockets Business Podcast so you won't miss an episode.

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351: Unlocking Greater Focus, Creativity, and Happiness Through “Stillness” with Ryan Holiday Oct 10, 2019

Show notes

Stop whatever you are doing and download this episode right now!

Today’s show is highly likely to change your life in ways you may not have even realized it needed changing! Brandon and David sit down for an amazing interview with Ryan Holiday, keynote speaker and bestselling author of Ego Is the Enemy, The Obstacle Is the Way, and Stillness Is the Key.

And Ryan does not disappoint! You will be blown away with his advice regarding how we talk ourselves into buying deals we know we shouldn’t, how he conducts cost/benefit analysis on different opportunities that come his way, and how he’s learned to avoid “success” when it will cost him more than it’s worth.

Ryan also shares some mind-blowing knowledge about why we make bad decisions; why working harder isn’t always better; and how to identify virtues or skills you are lacking in a given situation, so you can figure out the path to the result you want. In addition, he shares how he models himself after the best and brightest minds he knows, how he believes in the power of journaling, and how important it is to put your strongest energy into the pursuits that will yield the highest ROI.

This show is simply an incredible breakdown on human performance, goal setting/reaching, and using real estate to accomplish what really matters in life.

Download this one today and buckle your seat belt!

In This Episode We Cover:

How to let your individual trials help you grow by how you respond
How to recognize why you made bad decisions
How to avoid worse decisions
Why he invests in short-term rentals
What he means by “stillness is the key”
How to become something better
Why “working harder” isn’t always the best answer
How success can actually become a trap for us
How our best ideas can come from time away to think
How to model ourselves after the best, brightest, and most successful minds
Why he believes so much about the power of journaling
How to create routines that free your mind to reach new heights
How to put your energy into efforts that lead to a better ROI on your time
And SO much more!

Links from the Show

Listen on BiggerPockets: http://biggerpockets.com/show351

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350: How to House Hack Your Way to Financial Freedom in 3 Years with Craig Curelop Oct 03, 2019

Show notes

Ever wanted to break into real estate but just weren’t sure how to take that first step? You're not alone!

Almost all investors struggled with their first deal. But today’s guest may be just what you needed to get your foot in the door! On today’s show, Brandon and David dive deep into the mind of Craig Curelop, the author of BiggerPockets Publishing's new book The House Hacking Strategy.

Craig shares some incredible advice on how he eliminated his living expenses and earned as much as one could from a full-time job through house hacking—all by age 26! Craig breaks down just how simply you can get your first property with less than 5 percent down and turn it into a wealth-building machine that will help you achieve a “return on your potential” you may not have realized you’re currently lacking.

You’ll learn what to look for in a house hack, how to find the “path of progress” to start your search, and which straightforward criteria we can all use when searching for deals. You’ll also hear how to make “hedonic adaptation” work for you, how to exchange comfortability for profitability, and how to decide which property would work best for your specific situation.

We ALL want to own more real estate, and we all need somewhere to live. On today’s show, you’ll learn how to combine those two needs to build wealth and save money at the same time.

Download this one today!

In This Episode We Cover:

Why he left Silicon Valley to build wealth through real estate
How he bought his first house hack
Why house hacking is so effective for establishing financial freedom
His scale of comfortability vs. profitability
Who should house hack
Why expensive markets are the best places to build wealth through real estate
The importance of solid metrics in a potential house hack
How he gets in front of the “path of progress” to maximize returns
How to take advantage of low down payment options to snag properties that earn income
How house hacking allows you to find the “return on your potential”
How to make “hedonic adaptation” work for you, not against you
And SO much more!

Links from the Show

You can listen on BiggerPockets here: http://biggerpockets.com/show350

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

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