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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:

312: Conquering Nightmare Rehabs While Working Full-Time with BRRRR Investor James Masotti Jan 10, 2019

Show notes

Excited about real estate investing and looking for a blueprint to follow? Well, you’re in luck!

Today’s guest James Masotti is a well-rounded investor who’s piling up properties while working a full-time job.

James shares how he consistently finds deals in a competitive market (it’s not through the MLS), how he funds these deals (it’s not with his money), and how he handles the common complications every investor faces.

He also gives some great advice for acquiring properties already occupied by tenants, and explains how he keeps his partner and lenders happy even when things don’t go according to plan. He offers tips on planning for CapEx and dealing with the dark side of real estate investing, too.

Plus, you won’t want to miss his advice when it comes to building funnels to find deals, as well as just what to look for when interviewing real estate agents.

James has a straightforward, no-nonsense approaching to succeeding in today’s market and provides tons of good content for how you can do the same! Download this episode today!

In This Episode We Cover:

Jame’s entrance into real estate investing while having a professional career
Cash reserves and how he plans for CapEx
How he finds and funds deals
Dealing with tenant evictions
Finding the lender you need
What a debt cover ratio is
Why he continuously builds funnels
How to handle when things go wrong
Analyzing and overcoming the dark side of real estate investing!
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on Managing Rental Properties by Heather and Brandon Turner
I Will Teach You To Be Rich by Ramit Sethi
The Book on Estimating Rehab Costs by J. Scott
The Richest Man in Babylon by George S. Clason
Rich Dad Poor Dad by Robert Kiyosaki
E-Myth by Michael E. Gerber
Lifeonaire by Steve Cook

Fire Round Questions

Tweetable Topics:

“Real estate is very forgiving.” (Tweet This!)
“When you’re looking to scale, you want to have reserves available.” (Tweet This!)
“Don’t chase something that you’re not comfortable with because that’s when you get in trouble.” (Tweet This!)

Connect with James

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311: 6 Rules for Investing in Real Estate in the Coming Economic Shift with J Scott Jan 03, 2019

Show notes

Are you a real estate investor concerned with the potential of a shifting economy? These concerns are understandable, and today’s guest has some great techniques for both protecting your money and taking advantage of deals in any market! J Scott,...

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310: A Straightforward, Repeatable Path to Early Retirement with Jennifer Bayless Dec 27, 2018

Show notes

Looking to find financial independence through real estate but don’t want to be responsible for a portfolio of 100 homes? Well, that’s exactly what today’s guest is doing!

Jenny Bayless is a real estate investor in Colorado who is using long-distance investing principles to systematically build a portfolio of cash flowing properties using the BRRRR method! Jenny is absolutely crushing it by “making” deals in today’s tough market and shares what she looks for that other investors miss.

Learn her system for targeting fixer-upper properties, how she estimates rehab costs, and the method her real estate agent uses to send her videos of potential properties so she doesn’t have to drive hours to see them. Jenny also shares how she uses hard money to buy “cash,” how she found a rockstar agent, and how she backed into an “accidental BRRRR” that led to future success!

Today’s episode is equal parts inspirational and practical with TONS of actionable advice. If you want to retire early with real estate but don’t want the headache of managing 100 homes, don’t miss this show!

In This Episode We Cover:

Long-distance principles Jenny uses to invest near her market
How Jenny uses the BRRRR strategy to systematically grow her portfolio
Ways to chase financial freedom without a monstrous portfolio
How she has an agent do her due diligence for her
The strategy she uses to “make” deals in a today’s tough market
Her opinion on how to use turnkey properties to get started investing
Ways to start with fixer-upper properties to get great deals in a hot market
How she uses hard money to buy “cash” deals
How she estimates rehab costs before writing offers,
Her “accidental” BRRRR story
How she’s pursuing financial independence with only 10 homes!
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on Estimating Rehab Costs by J. Scott
The Book on Flipping Houses by J. Scott
Long-Distance Real Estate Investing by David Greene
Building Wealth One House at a Time by John Schaub
The Book on Managing Rental Properties by Heather Turner and Brandon Turner
Rich Dad’s Cashflow Quadrant by Robert Kiyosaki

Tweetable Topics:

“The worst that they can say is no.” (Tweet This!)
“We all know what it’s like to have a job. We don’t all know what it’s like to run a business.” (Tweet This!)

Connect with Jennifer

Jennifer’s BiggerPockets Profile

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309: Closing 75 Deals Your First Year by Simply Modeling Others with Steven Pesavento Dec 20, 2018

Show notes

Have you ever considered flipping houses for cash but aren’t sure where to start? If so, today’s episode is perfect for you! Brandon and David interview Steven Pesavento, a long distance flipper who’s doing 75 deals a year. Steven shares several of his tips for success, including just what he does to keep his pipeline full of deals, how he follows up with qualified leads, and the strategy he used to get good at closing deals working for someone else!

You’ll love Steven’s system for choosing the best market to flip in, how he systematically ramped up his business, and how he built a team from the ground up (including each team member’s job title and description)! This episode is chock full of specific, actionable advice that will apply to newbies and experienced pros alike. Download and listen today!

How he finds his deals, where he is consistent and wins the long game, how he flips 75 houses a year, when to grit and when to quit, how to know when it’s time to ramp up your business, how to build and scale your business, the order in which you should hire, what makes up an all-star team, why repetitions are so important, and what to look for in a partner to help grow your business.

In This Episode We Cover:

Steven’s background and how he got into real estate
Learning through modeling successful investors
The very first deal (which was not that great)
How he set his goals
Knowing the right time to get serious
Direct mail and other marketing methods that worked for him
Partnering with great people
From zero to 75 deals within two years
Raising money from private investors
Renting his personal home on Airbnb to pay the bills
Living frugally to get the business running
Not taking a paycheck until year two so he could invest in people and growth
And SO much more!

Links from the Show

Books Mentioned in this Show

90 Days of Intention by Brandon Turner (Journal)
Four Hour Workweek by Tim Ferriss
The ONE Thing by Gary Keller
Rich Dad Poor Dad by Robert Kiyosaki
Never Split the Difference by Chris Voss
Awaken the Giant Within by Tony Robbins

Fire Round Questions

Tweetable Topics:

“It’s not about how I may get rich, but it’s about how am I going to learn everything that I possibly can.” (Tweet This!)
“We’re not doing anything special, we’re just doing it.” (Tweet This!)
“It’s a very simple business, but it’s not that easy.” (Tweet This!)

Connect with Steven

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308: From 0 to 400 Units in 3.5 Years with Sterling White Dec 13, 2018

Show notes

Would your life be positively impacted by owning over 400 rental units? What if you could get there in under four years? On today’s show, we interview BiggerPockets contributor Sterling White, who has managed to do just that!

Sterling shares how he started his entrepreneurial journey selling Pokemon cards and eventually worked his way up to owning over 150 single family properties (and several multifamilies as well). He also shares how he finds 90-100% of his properties OFF MARKET using a five-step system for finding and closing on them (so simple anyone can do it), as well as the script he uses when speaking directly to sellers. You don’t want to miss his powerful secret for building rapport with potential leads (by sending a specific puzzle to them in the mail) and how he raises money to close on these properties.

If you want to scale your business and want the blueprint for how to do it, don’t miss this powerful episode!

In This Episode We Cover:

How Sterling got into real estate, working for free just to learn
Negotiating equity: What is it?
Why you possibly shouldn’t go the wholesaling route
The benefit of focusing on your strengths
How to work with your family and friends and branching out from there
How he finds deals—cold call mixed with direct mail
Why he sends Rubik’s cubes to prospects
Tips for creating a network of investors by building a funnel
What his team looks like
And SO much more!

Links from the Show

Books Mentioned in this Show

90 Days of Intention by Brandon Turner (Journal)
Jab, Jab, Jab, Right Hook by Gary Vaynerchuk
Multi-Family Millions by David Lindahl
Lead the Field by Earl Nightingale

Fire Round Questions

Tweetable Topics:

“You just have to train yourself to get past objections.” (Tweet This!)
“Share your story to other people who are where you were.” (Tweet This!)
“If you can’t negotiate the price, negotiate the terms.” (Tweet This!)
“Everything is selling. Even when you’re buying, you still have to sell.” (Tweet This!)
“We all have a short amount of time on this planet, so might as well go after your dreams and goals ultimately.” (Tweet This!)

Connect with Sterling

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307: The Science Behind Setting and Achieving Big Goals Dec 06, 2018

Show notes

Raise your hand if this describes you: You start working toward a new goal with excitement, only to watch it eventually fizzle out to nothing. If you’re human, it’s likely you’ve experienced this phenomenon. Why is it some goals are just so hard to accomplish, whereas others we’re able to conquer with ease?

On today’s episode of The BiggerPockets Podcast, that’s exactly what you’ll discover. Diving deep into psychological research on goals, motivation, and time management, Brandon and David will pull back the curtain on how people set and accomplish big goals and give you a GPS toward changing your life forever. If there is one episode you listen to all year, let it be this one!

In This Episode We Cover:

The real estate G.P.S. system
GOAL
Specific
Difficult
Feedback
Commitment
Training your reticular activating system
Make sub goals
Reward yourself for small wins
PLAN
Why humans need processes and steps
Lead measures vs. leg measures
Learn the L.A.P.S. system on finding deals
Keystone habits
SCHEDULE
Schedule meet-ups
Set the behavior, time, and location
ACCOUNTABILITY
Why you may want to join a group that meets weekly with clear structure
And SO much more!

Links from the Show

Books Mentioned in this Show

90 Days of Intention by Brandon Turner (Journal)
Handbook of Positive Psychology by CR Snyder & Shane J. Lopez
59 Seconds: Change Your Life in Under a Minute by Richard Wiseman
The Miracle Morning by Hal Elrod
Power of Habit by Charles Duhigg
The Subtle Art of Not Giving a F*ck by Mark Mason
Pitch Anything by Oren Klaff

Tweetable Topics:

“When people wrote down their goals, they were 33% more successful in achieving them.” (Tweet This!)
“Subconscious is a powerful ally, but a terrible master.” (Tweet This!)
“Every goal you desire is preceded by a process required to get the results.” (Tweet This!)

Connect with Brandon and David

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306: How to Go From a Few Units to Over 1,000 with Monick Halm Nov 29, 2018

Show notes

Are you looking to take your investing from casual to serious someday? Have you ever thought about what it would take to own thousands of units without having real estate run your life?

Well, you’re in luck! On today’s show, we interview Monick Halm. Monick’s story will blow you away as she shares how she went from house hacking a duplex in L.A. to owning over one thousand units! Monick’s super simple system for finding others to partner with and invest in her deals has allowed her to scale without creating an overwhelming amount of work for herself.

You’ll be amazed at Monick’s super simple formula for using the “three Cs” to find partners, her tips for raising private money naturally, and the effortless way she scales her investing. Do NOT miss her seven step criteria for choosing a new market and how to evaluate an area to find where it is in the market cycle (including which point you want to jump in at). Monick’s story is creative, encouraging, and inspiring to investors of all levels. Don’t miss out on this show filled with practical advice today!

In This Episode We Cover:

How Monick bought at worst time to get into real estate
How she partnered on her first house with a friend and each lived in one side (unique and creative house hacking technique)
How she met Robert Helms of the Real Estate Radio podcast and it changed her thinking
Her “Three C” system for evaluating potential partners to work with: Character, Commitment, Capacity
Her 7 criteria for choosing a market to invest in: Population growth, Job growth , Diversified economy, Landlord friendly, Business friendly, In the right part of the market cycle (rising market), Familiarity
How she ramped up her business by getting into syndication
Why finding “business friendly” markets will help ensure you have a healthy tenant pool
The four stages to a market cycle (and which one you want to look for when deciding when to jump in)
How she developed land to create an awesome RV park to satisfy a market with massive rental demand
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert T. Kiyosaki
Set for Life by Scott Trench
Turning Pro by Steven Pressfield
The War of Art by Steven Pressfield

Fire Round Questions

Tweetable Topics:

“Relationship is very crucial in real estate investing.” (Tweet This!)
“Great talent does not cost you money; it makes you money.” (Tweet This!)
“Definitely, we’d have not gone where we are now if we were doing this alone.” (Tweet This!)
“Your network is your net worth.” (Tweet This!)

Connect with Monick

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305: Financial Independence in Your 30s Through Just 5 Investment Properties with Brad Dantonio Nov 22, 2018

Show notes

Are you interested in retiring early with real estate but don’t want to manage hundreds of properties to do so? Today’s guest has managed to travel to 54 countries in the last three years after retiring in his 30s by owning just FIVE properties.

Brad Dantonio shares exactly how he reached financial independence at such a young age by focusing on three unique skill sets (and how you can, too). In this episode, you’ll learn how Brad has created “time wealth,” how he tracks every expense he has, and how he achieved the equivalent of a four-year degree while sitting in Houston traffic!

Brad also gives us the three tips he shares with young people (including how to take your journaling to a whole new level), how he forever changed his relationship to fear, and how learning the art of delaying gratification at a young age gave him an advantage over his competition for life! Brad has a fantastic story of overcoming adversity as a young child and using his setbacks as fuel to create the system he used to retire early and live the life of his dreams. If you want to use real estate to live your best life, this is an episode you don’t want to miss!

In This Episode We Cover:

How Brad got into real estate
How he increased his income every year for 13 years because he was fanatical about self-development
How journaling impacted his life
The story of him selling his software to make money and using it to to buy houses
How he ended up self studying about negotiation and sales
His offensive and defensive techniques on living less and earning more
The value of tracking expenses
Why he thinks he’s wealthier than billionaires through the concept of time wealth
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert T. Kiyosaki
Lifeonaire by Steve Cook & Shaun McCloskey
Poor Charlie’s Almanack by Charles T. Munger
How to Invest in Real Estate by Joshua Dorkin, Brandon Turner
How to Win Friends & Influence People by Dale Carnegie
90 Days of Intention Journal by Brandon Turner
The Richest Man in Babylon by George S. Clason
Titan: The Life of John D. Rockefeller, Sr. by Ron Chernow
Robert Greene’s Mastery
The 48 Laws of Power by Robert Greene
Shoe Dog by Phil Knight

Fire Round Questions

Tweetable Topics:

“Inspect what you expect.” (Tweet This!)
“You can’t spend enough money on books.” (Tweet This!)

Connect with Brad

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304: Using Incredible Strength of Mindset to Succeed Despite Overwhelming Obstacles With Nick Santonastasso Nov 15, 2018

Show notes

If you’re looking to have your mind completely blown and walk away feeling like you can and WILL do anything, this show is for you! Today’s guest is inspirational figure, fitness model, and Vine sensation Nick Santonastasso.Nick shares his personal story and holds nothing back, describing how he’s overcome the difficulties of being born with Hanhart syndrome and the incredible mindset he’s developed along the way that led to him meeting Dwayne “The Rock” Johnson, becoming an online viral sensation (and scaring a character from The Walking Dead as a zombie), climbing a mountain despite the absence of three limbs, and more!

Nick shares tons of actionable steps for overpowering fear, overcoming and adapting to any environment, harnessing the power of gratitude, and more than we can list here! If you’ve ever been stuck in a personal rut and want to find a way to establish a mindset that ALL real estate investors should be adopting, listen to this episode and share it with someone you love!

In This Episode We Cover:

Nick’s story and a life with Hanhart syndrome
Changing your internal language
The story behind the skateboard handstand
The importance of having an authentic self
The “must be nice” syndrome
Thoughts on having a “massive footprint”
Breaking down goals
Modeling yourself on someone
Gratitude and why it’s important
Choosing empowering over disempowering thoughts
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert T. Kiyosaki
Victim to Victor by Nick Santonastasso

Tweetable Topics:

“The emotion of gratitude outweighs all emotions.” (Tweet This!)
“Humans in general have the tendency to start with ‘cannot.'” (Tweet This!)
“Everything in life is trial and error.” (Tweet This!)
“The biggest disability you can have is a bad mindset.” (Tweet This!)

Connect with Nick

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303: Ouch! Brandon & David's 10 Biggest Investing Mistakes (& How to Avoid Them) Nov 08, 2018

Show notes

Are you a little tired of hearing about all the “successes” of real estate investors and wondering how realistic this is in the real world? Well, on today’s show, Brandon and David share the 10 biggest mistakes they’ve made in their investing careers—warts and all!

Let’s be honest—real estate isn’t all sunshine and rainbows. Mistakes happen! In this episode, we cover WHY investors often sabotage their own success and what can be done to overcome this! You’ll learn how to avoid massaging your numbers to force a bad deal through, how to guard against getting ripped off by contractors, how to hire the RIGHT team members to help you succeed, and how to fire the wrong ones!

We also cover the high cost of analysis paralysis and how to move past it, how to choose the right market for yourself, and the mistake that cost David $5,000—simply because he didn’t understand how inspection periods work in different states. If you want to see the real story behind real estate investing, including the stuff that often isn’t talked about, don’t miss your chance for some authentic, honest transparency from two experienced investors!

In This Episode We Cover:

A discussion on waiting to start investing because you don’t feel you can do it yet
The pros and cons of doing everything yourself
The danger of working with the wrong people
Stories of buying the wrong deal
How to avoid not managing people correctly
What can happen when you underestimate rehab costs
Why you shouldn’t put too much down on a property
The pitfalls of not doing enough market research
Avoiding investing because your state is too expensive
Not rehabbing correctly
And SO much more!