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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:

339: 60,000 Tenants?! How Frank Rolfe Built a Mobile Home Empire Jul 18, 2019

Show notes

Over 20 years' experience in mobile home park mastery! On today’s show, Brandon and David interview Frank Rolfe, an experienced mobile home park investor with TONS of great advice to share—and share he does! You won’t want to miss Frank’s incredible tips for using seller financing to buy parks, staying low risk while scaling, and the beauty of owning “small cities”! He also gives fantastic advice for making “stakeholders” out of tenants, describes what the perfect mobile home park setup looks like, and discusses how to find pocket listings no one else is seeing. Frank goes on to share the incredible story of how he bought a mobile home park with a wrestling ring in the back and how he sold it for a $1 million profit seven years later! In addition, he talks about his strategy for finding the perfect resident manager and insuring yourself against embezzlement from your management team. This is one of the most information-packed shows we’ve ever done in the MHP space, and you’ll be blown away by the amount of content here. Download it today! In This Episode We Cover: How Frank uses seller financing to buy deals he never could with a bank How he stays low risk while scaling How he got started with a billboard business How he owns “small cities” The key to doing seller financing correctly How he rents to “stakeholders” not just tenants What the perfect mobile home park setup looks like Why he loves mobile homes (aka "the gem" of real estate) Why mom and pop-type owners love mobile home parks How the average park can be bought and rents doubled year one The win-win opportunity mobile home parks provide for tenants and owners The mistakes he made on his first deal and how he learned to avoid it The No. 1 thing to look for when buying a park His strategy for finding pocket listings from brokers The 5 ways he finds parks to buy And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Business Podcast BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock 21st Mortgage

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338: From Red Robin Waiter to 250 Units (Using the MLS!) with James Dainard Jul 11, 2019

Show notes

From waiting tables to scaling up to 250 units! Today’s show is going to blow your mind.

Brandon and David sit down with James Dainard, a real estate investor in the Seattle area, who is using his broad knowledge of real estate investing to do some big things! James shares how he got started door-knocking for someone else’s company to learn the business—and things took off from there!

He also shares how he’s finding 60 percent of his deals from the MLS, how he uses local zoning knowledge to find opportunities others are missing, and how he made over a million dollars off an MLS flip! James has some GREAT strategies he uses, including combining flipping, wholesaling, and BRRRRing; improving the return on his equity; and “inventing returns." You’ll also be blown away at how he created a 60-room rental (!!!) property that earns over $9K a month and how he saves money on maintenance and property management by running it all in-house.

James is a smart, humble, and experienced investor doing some very impressive stuff. Download this one today!

In This Episode We Cover:

How he got started door-knocking for someone else’s company
Story behind his first deal
How he bought a 60-room house How he got to over 200 units all single-family
Combining wholesaling, flipping, and BRRRR
What he looks for in an area and using zoning knowledge to find opportunity
Profiting $1 million on a flip he found on the MLS
About his apartment complex that was on the market for 200+ days
How he uses flips to fund his rentals Getting 60% of his deals off the MLS
How he calculates the return on his equity
Why he hires people in-house to manage properties and do maintenance
How he BRRRRed a deal with no money left in that cash flowed $2K a month
His unique method for “inventing” returns And SO much more!

Links from the Show

BiggerPockets Forums
BiggerPockets Premium
Forum Thread about BiggerPockets Premium
BiggerPockets Youtube Page
BiggerPockets Podcast 302: Making $100k/Deal Using Other People’s Money, Time & Experience with Cory Nemoto
Brandon's Instagram
David's Instagram

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337: Next Level Wealth-Building Through Overseas Development and Opportunity Zones with Russell Gray and Robert Helms Jul 04, 2019

Show notes

Want to learn from two guys who have weathered several real estate market cycles and come out on top? You’re in the right place!

In this episode, Brandon and David sit down with Russell Gray and Robert Helms, longtime hosts of the Real Estate Radio Guys program. In this wide-ranging discussion, Russell and Robert cover a TON of subjects, from house hacking to investing in overseas resorts. The guys share the lessons they learned from the 2008 crash (hint: don’t rely too heavily on credit) and explain how they’re preparing for the next one. They break down how multifamily investing is just like running a business, and why hiring an assistant is the most important first step when scaling up.

Russell and Robert also tell us why having an A-student mentality can hinder new investors (and make them a target for gurus), and why you don’t need to know every step in order to just get started. You’ll learn why Robert is about to make his 137th trip to Belize, why he and Russell stopped investing in Mexico and Australia, and why you should design your own personal investment philosophy, too.

If you’re a big-picture thinker interested in using the tax code to your advantage and staying on top of market cycles, this show will blow your mind. Listen here or on your favorite podcast app, rate and review us, and subscribe so you won’t miss the next one!

In This Episode We Cover:

How these guys inspired Brandon
What an entrepreneur does
How gurus take advantage of hungry new investors
How they are preparing for the next real estate downturn
Their strategy for building big wealth in other countries
How they learned the lesson about needing sufficient reserves the hard way
What to do when available credit goes away
Why they invest in resorts Where we are in the market cycle
Why they are locking in long-term debt right now What they learned from the 2008 crash How to prepare and win for the next downturn
What an opportunity zone is and how to use them
Why they study global economics
And SO much more!

Links from the Show

BiggerPockets Forums
BiggerPockets Real Estate Podcast Robert Kiyosaki
BiggerPockets Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy
Peak Prosperity
Brandon's Instagram
David's Instagram

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336: $900 to $4.5MM Net Worth by 34 with Robert Jones Jun 27, 2019

Show notes

Location, location, location! On today’s show, Brandon and David sit down with Robert Jones, a real estate agent and investor in Colorado, who has built a cash-flowing portfolio with millions of dollars in equity in an expensive market.

Robert will blow you away with his knowledge on making deals work (even through the MLS) and choosing what to buy. You won’t want to miss his advice on buying properties with super low down payments, targeting ideal locations that attract ideal talents, and using agents to do the work of finding deals. You’ll also love his tips for creating systems so he can travel while making money and identifying the qualities of a good agent.

Robert is extremely humble for having such massive success, and he shares his whole playbook for how he built a portfolio of 26 units worth millions before the age of 35. DO NOT miss this one. Download today!

In This Episode We Cover:

Turning primary residences into rental properties
What are capital gains
Should you rent or sell your house?
Moving to a new house every year
Taking 3 months off while having a real estate business
Real estate to fund your life
Being an agent or not
How "The Stack" works
And SO much more!

Links from the Show

BiggerPockets Forums
BiggerPockets Webinar
GoBundance
Audible
Federal Housing Finance Agency
BiggerPockets Podcast 280: The Key to Making Great Deals (Hint: Overlooked Properties!) with Mark Hentemann (Writer for TV’s Family Guy!)

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335: 70+ Units Per Year and How Exactly to Make a Lowball Offer with Ryan Dossey Jun 20, 2019

Show notes

A whopping 73 units a year without negotiating your own deals! Today’s guest Ryan Dossey breaks down his business and shares how he built a deal-finding pipeline he runs without doing the work!

Ryan gives great insight into how he finds deals directly from sellers, has team members meet with and close deals, then decides if he wants to keep them or wholesale them. If you’ve ever been interested in how to build systems to get your time back, this is a show for you. You won’t want to miss how Ryan used BiggerPockets to start and grow his business, how he began wholesaling, and how he uses NONE of his own money. You’ll also love hearing how Ryan made $10K in four hours on his first deal and how he built a conveyor belt to close deals while he’s out of the country. Plus, he gives investors AMAZING advice on approaching a mentor the right way!

Ryan is a great example of how to use BiggerPockets to grow your wealth and portfolio, and he shares some powerful tips about how you can do the same. Download this one today!

In This Episode We Cover:

How Ryan got into real estate in spite of never graduating high school
How he learned to see the world from a different perspective than everyone else
Why he markets directly to sellers
How he used BiggerPockets to build several different businesses
How he got his first wholesale deal (and made $10K in four hours doing so)
Why he went full time into RE and how he knew it was the right time to do it
How he chooses his markets
What no one tells you about the RIGHT way to approach a potential mentor
How he built a conveyor belt to close deals while he’s out of the country
Why he invests in multifamily
The No. 1 thing a newbie needs to know to get started wholesaling
Why focusing on one task is key to being successful faster
And SO much more!

Links from the Show

BiggerPockets Forums
BiggerPockets Webinar
GoBundance
BiggerPockets Airbnb Calculator
BiggerPockets Podcast 068: Being a Superhero House Flipper, Investor, and Team Leader with Mark Ferguson
InvestFourMore
Podio
Deal Machine (App)
CallPorter

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334: Using Other People’s Money to Take Down Flips, Multifamily and Self-Storage Deals with Ben Lapidus Jun 13, 2019

Show notes

Self-storage with OPM! Today’s guest Ben Lapidus sits down and spills the beans on his strategies for buying self-storage units and running an investment fund with other people’s money. Ben has some really great advice for those who want to get started in self-storage, including how he got started getting 25% of other people’s deals, why he jumped from single family into commercial opportunities, and how he mitigates risk in the self storage space. You also won’t want to miss what he shares regarding how he picks a market, his criteria for buying a deal, and where he recommends brand new self storage investors get their start (hint-it’s all about size). If you want to have your mind blown, you CAN’T miss his technique for seller financing negotiating where he improves his terms by saving the seller’s money on their taxes-brilliant! This episode is completely full of high energy, content packed, practical advice for getting into commercial opportunities with other people’s money and we guarantee you will learn a TON. Download today and buckle your seat belt! In This Episode We Cover: How Ben found real estate after finding success in other business ventures Starting off investing with partners and getting 25% of the deal with none of the risk or capital Why he jumped from SFR to apartments What he learned buying an awful property on his first deal How he put together his first syndication Why he invests in self storage How he found opportunities while looking for something else How he focuses on his strengths and finds partners to handle his weaknesses How he finds deals in today’s market His criteria for what he needs to see in a market How he mitigates risk when buying self storage Why he looks for “expansion potential” How he finances his deals, the strategy he recommends for newer self storage buyers to look into His BRILLIANT tax saving strategy he uses to save thousands of dollars on seller financing opportunities The one thing he think should be taught in school that isn’t How he recommends people improve their people skills and forming connections And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Premium Best Ever Conference BiggerPockets Podcast 227: From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ Osborne

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333: A Guide to Getting Started in Commercial Real Estate (+ Laundromats?!) With Ken Wimberly Jun 06, 2019

Show notes

Commercial real estate like you’ve never heard it before!

On today’s episode, Brandon and David sit down with Ken Wimberly, the owner of a Keller Williams commercial brokerage and a commercial investor himself. Ken shares some incredible tips on how to get into owning commercial property, including how to find quality tenants, how to structure the lease, and how to protect yourself from a changing market.

He also provides great advice on building relationships and identifying who NOT to partner with. Ken goes on to talk about how he went from working in a pizza restaurant to cashing his first check for 50K as a broker—with absolutely no training program! He shares some incredible advice for opening a laundromat, making huge returns, and successfully investing in other people’s deals, too.

If you’ve ever been interested in how to do big deals without big headaches, this episode is for you!

In This Episode We Cover:

How he builds relationships
How he learned the commercial business sitting across from a mentor and listening
How he buys laundromats Investing in commercial spaces
Using OPM to buy land and selling a 5K investment for 150K
How he earned a commission of $50K on a deal he couldn’t do
How he chooses his business partners His morning routine
What to look for in a potential partner to disqualify them
How newbies should start off investing in commercial property
How to balance investing with family time
How he structures deals
Tips on owning a business inside your commercial building
How he invests in other people's deals
And SO much more!

Links from the show:

BiggerPockets Forums
BiggerPockets Webinar
BiggerPockets Commercial Lenders
CBRE
BiggerPockets Podcast 190: Building 61 Different Passive Streams of Income with Pat Hiban
BiggerPockets Podcast 322: 3 Things Every Leader MUST Do to Scale with Ben Kinney
Google Alerts
GoBundance
BiggerPockets Business Podcast

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332: How to Build a Deal-Finding MACHINE with Adam Johnson and Brent Moreno May 30, 2019

Show notes

Build a deal funnel to fuel your business and keep the leads coming!

On today’s show Brandon and David sit down with Adam Johnson and Brent Moreno, two wholesalers running a business that fuels their investment portfolio!

Adam and Brent share several key pieces that make their business go, like how they have built systems to reduce their workload, how they keep their pipeline full of leads, and how they use a “three foot rule” to make sure everyone knows how they can help them. You’ll also love how they recruit others to work in their business, how they use stories to hold people’s attention, and how they have leveraged an army of Uber drivers to find them deals!

These two guys have formed a great partnership, and share TONS of practical, meat-and-potatoes advice for how you can do the same. Their advice on “helping over haggling” alone is priceless! If you want to learn how to form the perfect partnership, how to build a portfolio off of a consistent pipeline of deals, AND how to wholesale those deals for profit, this is an episode you can’t miss!

In This Episode We Cover:

How they got into wholesaling
How their business is structured
Why they love wholesaling more than anything else
How they use systems to create success when they don’t feel like working
What a perfect partnership should look like
The funnel they have set up to find, capture, and follow up with distressed seller leads
The three-foot rule
How they use Uber drivers to find them deals
How they are helpers not hagglers
The number one thing a newbie needs to do well to start a wholesale business
How to recruit others to bring you deals
How to use stories to get others involved in helping your business
How they believe there is no “box” to think outside of
And SO much more!

Links from the Show

BiggerPockets Forums
BiggerPockets Webinar
BiggerPockets Youtube Channel
BiggerPockets Money Podcast
BiggerPockets Business Podcast
Podio
InvestorPO
REIpro
PropStream
ListSource
LeadSherpa
David Goggins on Joe Rogan’s Podcast
Gary Johnston

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331: 10 Deals on a $20K Waitress Salary With Ashley Hamilton May 23, 2019

Show notes

Ten doors free and clear on a blue-collar salary—today’s guest shares exactly how she did just that!

Brandon and David sit down with Ashley Hamilton, who shares the incredible story of how she went from poverty to success through real estate investing with very little help or guidance.

Ashley shares her remarkable strategies for investing in a market where very few others could, how she used BiggerPockets to develop a system, and how she got the city of Detroit to offer her a deal to buy a property at $500! Ashley also shares how she buys cheap houses at auctions, how she finds banks to finance her rehabs, and how she uses keyword alerts in the BiggerPockets forums to snag deals before anyone else! And be sure to listen for Ashley’s “no milk for her cereal” strategy to overcome and succeed!

If you’re looking for an incredibly inspirational story that highlights how creativity and resiliency can pay off, you want to download this today.

In This Episode We Cover:

How Ashley found a way to invest in a market when very few others could
How she got the city of Detroit to call her and offer her a deal to buy for $500
Getting to nearly a half a million dollars in equity in a few short years
How she got started investing with nothing but BiggerPockets as a guide
Finding the best part of the city to invest in
Why she fix her rentals up to suburb quality even in low-income neighborhoods
Building a portfolio of 10 doors free and clear
The way she uses the BiggerPockets forums to help her make money
Landlording like a boss
Giving back to your tenants
And SO much more!

Links from the Show:

BiggerPockets Forums
BiggerPockets Webinar
Tarl Yarber's BiggerPockets Profile
Dave Van Horn's BiggerPockets Profile
Brie Schmidt's BiggerPockets Profile
Joe Fairless' BiggerPockets Profile
BiggerPockets Instagram
Brandon's Instagram
David's Instagram
Rentometer
Rich Dad Poor Dad Seminar
GoBundance
BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss

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330: How to Ditch Distractions and Get WAY More Done With Cal Newport May 16, 2019

Show notes

Incredible show alert! You don’t want to miss this one: Brandon and David sit down with bestselling author Cal Newport (who wrote So Good They Can’t Ignore You: Why Skills Trump Passion in the Quest for Work You Love, Deep Work: Rules for Focused Success in a Distracted World, and so on) to discuss just what makes high performers different than the rest.

Cal shares incredible insight based on his research as a professor at Georgetown University, including how boredom can serve a very useful purpose, how to improve your focus to master your craft, and how building “career capital” can open doors to the life you’ve always wanted.

Cal also shares life-changing advice on how starting the day in “monk mode” can supercharge your productivity, how to set better expectations with team members, and how to rebuild your digital life in 30 days.

This episode is so good you’ll feel guilty you didn’t have to pay. Download it today!

In This Episode We Cover: