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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:

293: How to Retire Early With Real Estate & Do What Matters More with Chad Carson Aug 23, 2018

Show notes

Have you ever thought about retiring early, traveling, and living your best life now? On today’s show, we interview Chad Carson, author of the new BiggerPockets Publishing book Retire Early With Real Estate.

Today Chad shares how he and his partner were able to accumulate 90 units and live purely off the money generated by their portfolio! In this episode, learn how Chad got started and the steps he took to elevate his business and which strategies he used to make $120,000 on one flip!

Chad’s story covers the gamut of flipping, wholesaling, buy-and-hold, and more. If you want to know what it looks like to retire early with real estate (including what you may be doing wrong right now, and how to change that), this is an episode you definitely want to download now!

In This Episode We Cover:

Chad’s strategies for retiring early through real estate
If focusing on cash flow or equity is the smarter move
How to control your budget
If offense or defense is more important when it comes to building wealth
How Chad made $120K in one flip
How tax-lien strategies work — and what Chad did to capitalize on them
Why “starter” investment homes aren’t always the best choice to stick with
How to transition from wholesaling to other investment strategies
How many hours you can expect to work each week once you’ve retired early with real estate
How “the stack” can help you grow your portfolio fast and efficiently
How house hacking can lead to an early retirement
And SO much more!

Links from the Show

Books Mentioned in this Show

Retire Early With Real Estate by Chad Carson
4-Hour Work Week by Timothy Ferriss
Building Wealth One House at a Time by John Schaub
Big Shifts Ahead by John Burns
Wooden by John Wooden

Fire Round Questions

Tweetable Topics:

“Our core skill as an investor is figuring the value of real estate.” (Tweet This!)

Connect with Chad

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292: 200+ Deals in the First Four Years with Ryan Pineda Aug 16, 2018

Show notes

Can you really create a massive real estate empire in a short time when starting with almost nothing? In today’s episode, you’ll not only discover that it’s possible, but you’ll see exactly how it was done. We sit down with Ryan Pineda, a former baseball player who got his start with just $10k while doing deals from the dugout. Ryan shares with us the exact strategies he’s using to more than double the number of deals he’s doing each year—and how he’s done that for the past four years. You’ll learn how he’s finding enough leads to flip 10 deals a month, how he’s able to buy long-distance, how he’s leveraging others so he can get more done, and much more.

In This Episode We Cover:

Ryan’s background and how he got into flipping
How he started flipping everything (including couches!)
Closing 100 deals
The details of his first deal
The difference between hard money and private money lenders
What his business looks like
Using relationships to find deals
How agents can influence a deal
Finding great wholesalers and getting deals from them
How Ryan’s funnel works
And SO much more!

Links from the Show

Books Mentioned in this Show

Will You Be My Mother by Sally Huss
Flip Your Future by Ryan Pineda
Investing with Low or No Money Down by Brandon Turner
The Book on Flipping Houses by J. Scott
Long-Distance Real Estate Investing by David Greene
The Everything Store by Brad Stone
Elon Musk by Ashlee Vance
Shoe Dog by Phil Knight

Fire Round Questions

Tweetable Topics:

“You have to know what the other roles need in order to train somebody to do it.” (Tweet This!)
“Wholesalers are contract flippers.” (Tweet This!)
“If the numbers work for me, then let’s do business.” (Tweet This!)

Connect with Ryan

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291: How to Build a Business That Helps Find Deals Before Anyone Else with Neal Collins Aug 09, 2018

Show notes

Are you struggling with finding deals in today’s market, where the best properties go fast? On today’s show, we interview Neal Collins, an investor in the red hot Portland Oregon who has figured out a way to find deals before anyone else even sees them! Neal shares the brilliant strategy he’s created to build a world where the best deals find him.

In this show, you’ll learn how Neal was able to find a 4-plex to house hacked—and how he made an additional $8-10k a month, as well as how he built a property management company and real estate brokerage (hint: he created an army of deal finders that get paid to make him money and find him deals) where he does none of the work but reaps all of the profits, and his brilliant, simple strategy for raising private money than anyone can replicate (he really hits the nail on the head with this one).

If you’re looking for a solid, profitable, and step-by-step process to make money and build wealth with real estate, you won’t want to miss how Neal did just that!

In This Episode We Cover:

Neal’s journey to real estate investing
How he accidentally got into seller financing
The importance of being able to pivot and change investment strategies
The kinds of properties he looks for
His thoughts on Airbnb and short-term rentals in general
How he got into managing other people’s properties
His experiences managing 200 units and owning a brokerage
Three things every investor looks for: returns, security, and customer service
And SO much more!

Links from the Show

Books Mentioned in this Show

Long-Distance Real Estate Investing by David Greene
Confessions of a Real Estate Entrepreneur by James A. Randel
Shoe Dog by Phil Knight

Fire Round Questions

Tweetable Topics:

“They talk about the numbers, but they are not talking about the work.” (Tweet This!)
“You have to leverage other people’s time and experience or build systems so that you can leverage your own time to do that.” (Tweet This!)
“The deals are not going to come to you. If you’re not consistently swinging the bat, you’re not going to hit the ball.” (Tweet This!)

Connect with Neal

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290: 7 Paths to Financial Independence with Brandon & David PLUS Josh Dorkin Tells Us Where He’s Been! Aug 02, 2018

Show notes

Are you ready to get really excited about the life possible through real estate? This show will go down in BP history as one of the foundational episodes: Brandon Turner and David Greene dive deep into seven unique and powerful strategies for building a real estate business that can fill your life with cash—not work. You’ll love the humor, the stories, the lessons, and the tips throughout! This episode is one you’ll come back to time and time again. Plus — as an added bonus — Josh Dorkin comes back to the BiggerPockets Podcast to explain where he’s been and what the future of the BiggerPockets Podcast will look like! Don’t miss a moment of this powerful show!

In This Episode We Cover:

Cashflow through rental properties
What a turnkey property is and who it’s for
BRRR Strategy
Challenges with BRRR investing
Note investing, lending, syndication, & crowdfunding
The scale of passivity
The first question David asks to people who want to do business with him
House flipping
Ways to become a CEO of a flipping business
Multifamily investing
Buying one house a year
The Stack
And SO much more!

Links from the Show

Books Mentioned in this Show

Real Estate Note Investing by Dave Van Horn
The ONE Thing by Gary Keller and Jay Papansan
So Good They Can’t Ignore You by Cal Newport
Raising Private Capital by Matt Faircloth
Own the Day, Own Your Life by Aubrey Marcus
59 Seconds by Richard Wiseman
The Big Leap by Gay Hendricks
High Performance Habits by Brendon Burchard

Tweetable Topics:

“The goal is to buy a house as cheaply as you possibly can and make it worth as much as you possibly can.” (Tweet This!)
“With every hire you make, your business should make more money.” (Tweet This!)

Connect with Brandon and David

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289: Using Other People's Money to Build Your Real Estate Empire with Matt Faircloth Jul 26, 2018

Show notes

Building a real estate business can be one of the best ways to achieve financial freedom. The problem for most, however, is money: There simply isn’t enough in your hands to get all the deals you want. That’s why today’s show might be the most impactful podcast episode you’ve ever heard. In today’s interview with Matt Faircloth, author of the new book Raising Private Capital, shares the steps needed to begin raising money from others to fund your real estate deals. You’ll discover the different types of private capital (and how to approach each), how Matt and his wife were able to grow from 30 units to over 300 (!) using other people’s money, and why talking about metrics to a private lender might not be a great idea at first. If you want to 10x your real estate portfolio or build your empire faster, this is one show you can’t afford to miss!

In This Episode We Cover:

Who Matt Faircloth is
How they’ve reached 380 units to date
Tips for building wealth by investing in business
What you should know about opportunity cost
Finding deals versus making good deals
How to raise private money
Tips for starting a business with friends and family
A role-play call with David
The number one question potential cash providers ask
Why you should start with debt
A new way to look at debt
When the SEC gets involved
About his book
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad, Poor Dad by Robert Kiyosaki
Rich Dad’s Cashflow Quadrant by Robert Kiyosaki
Raising Private Capital by Matt Faircloth
Lifeonaire by by Steve Cook & Shaun McCloskey

Fire Round Questions

Tweetable Topics:

“When it comes to raising money, you got to establish trust first.” (Tweet This!)
“People should start with debt.” (Tweet This!)
“It’s not about finding good deals, it’s about making good deals.” (Tweet This!)
“You’ve got to squeeze the lemon and make something out of it.” (Tweet This!)

Connect with Matt

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288: 75 Rental Units in Their Early 30s with Jason and Carrie Harris Jul 19, 2018

Show notes

It takes a long, long time to become successful in real estate and financially free — doesn’t it? Well, not according to the power couple on today’s show! In this episode of the BiggerPockets Podcast, we sit down with Utah’s Jason and Carrie Harris, who have built a sizable portfolio of more than seventy rental units over the past few years. These two have used a variety of creative financing strategies, and the lessons and stories they share are sure to inspire and educate you! Be sure to listen for the story of how they bought a four-plex for no money down, put $3,000 into it, and later made $186,000 in profit from that one deal. It’s unbelievable!

In This Episode We Cover:

Why real estate?
Their first deal
How they bought a four-plex and house-hacked it
How they finance their deals
Working their way with the bank
Their current number of doors
Commercial financing, residential financing, and partnerships
Analysing multiple properties
A deep dive on a deal
Raising the rent and without losing tenants
Lessons learned from an amazing deal
Buying properties with no money down
Upselling to their clients
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad, Poor Dad by Robert Kiyosaki
The Book on Investing with Low or No Money Down by Brandon Turner
Investing in Duplexes, Triplexes, and Quads by Larry Loftis
The Book on Rental Property Investing by Brandon Turner
The E-Myth Revisited by Michael E. Gerber
The E-Myth Real Estate Investor by Michael E. Gerber

Fire Round Questions

Tweetable Topics:

“We didn’t have a lot of money so we had to find ways to be creative.” (Tweet This!)
“You find a good enough deal, the money’s going to be there.” (Tweet This!)
“There’s a way there’s a solution. You have to make it work.” (Tweet This!)

Connect with Jason and Carrie

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287: Putting Together Real Estate Deals Using Creativity Instead of Cash with Shiloh Lundahl Jul 12, 2018

Show notes

How much money does it take to invest in real estate? Is there really such a thing as “no- or low-money down?” After you hear today’s interview, you’ll know the truth! Today we sit down with Shiloh Lundahl, a real estate investor who specializes in putting together deals using a variety of different no- and low-money strategies in some pretty unique combinations. From utilizing business lines of credit, to bringing in partners, to hard money, to lease options and beyond, this episode will give you tons of ammunition for your own creative finance deals. And don’t miss the incredible strategy that Shiloh uses today to make 300 percent more per deal than if he were to flip the home. It’s pretty darn fantastic!

In This Episode We Cover:

How Shiloh started his real estate investing journey
The book that helped him heal
Details about his first property
Office hacking and subleasing a sublease
His first flipping deal — $30K turned to $195K
How he bought his dream car
Losing $5K on his first flip
A hack with city inspectors
The importance of needing an assistant
The six different strategies he uses creatively
Moving to a lease-option model
Getting $800K in business lines of credit
Lease options and how he uses them
Selling properties 5–7 percent higher than the current ARV
Explaining lease option through videos
And SO much more!

Links from the Show

Books Mentioned in this Show

Long Distance Real Estate Investing by David Greene
Rich Dad, Poor Dad by Robert Kiyosaki
Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki
The Book on Investing with Low or No Money Down by Brandon Turner
The Richest Man in Babylon by George S. Clason
Shoe Dog by Phil Knight

Fire Round Questions

Tweetable Topics:

“Frustration comes from unmet expectations.” (Tweet This!)
“Each deal I learn quite a bit from it.” (Tweet This!)

Connect with Shiloh

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286: $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJ Osborne Jul 05, 2018

Show notes

Ever have a conversation that is just impacts your life so powerfully you wish you could share it with everyone? That’s exactly what our conversation on today’s episode of the BiggerPockets Podcast is! Our guest, AJ Osborne, shares an incredible story of building his real estate business — which focuses on self-storage facilities — as a way to transition his family from rich to wealthy (and yes, there is a difference!) This show is packed with insight from AJ, including:

How a loss on his first deal directly led to millions of dollars in later profit
How to find underperforming real estate deals
How he made $13,000,000 in equity from a old Kmart building
And the medical emergency that put his real estate to the ultimate survival test while AJ fought for his life (this story will shock, amaze, and inspire you!)

This show is one of the most powerful episodes yet of the BiggerPockets Podcast, and we’re excited for you to dive in!

In This Episode We Cover:

His first deal that didn’t go the way he wanted… but the logic behind doing that deal (super important for every newbie)
The difference between being rich and being wealthy
Picking a wealth vehicle — and the difference between a Ferrari and a train
How to find an underperforming self storage building and turn it around (applies to any kind of real estate)
The Kmart story that helped him build around $13,000,000 in equity
Price / Convenience / Quality
Coma: “One of the most incredible stories I’ve ever heard”
Subsequent: Does your business survive “the coma test”?
And SO much more!

Links from the Show

Books Mentioned in this Show

The Essays of Warren Buffett by Warren Buffet & Lawrence A. Cunningham
The Obstacle is the Way by Ryan Holiday
Conspiracy Ryan Holiday

Fire Round Questions

Tweetable Topics:

“It’s not about overthinking things. It’s about finding things that work and putting them into action quickly.” (Tweet This!)
“There’s no way you win in life without having your agenda and being purposeful towards your agenda.” (Tweet This!)
“The economic downturn was my lucky break.” (Tweet This!)
“Work ethic is not enough.” (Tweet This!)

Connect with Aj

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285: 3 Reasons Multifamily Rentals Might Be the Perfect Investment with Paul Moore Jun 28, 2018

Show notes

Is there such thing as a “perfect investment?” According to today’s guest, yes. Today on the BiggerPockets Podcast we sit down with Paul Moore, a real estate investor whose 18-year journey through real estate has included house flipping, new construction, hotels, and finally—multifamily. In this episode, Paul shares three powerful reasons why multifamily might just be the most perfect real estate investment. You’ll learn how Paul discovered the vital difference between investing and speculating, why falling in love (with a deal) is incredibly dangerous, and the huge real estate gamble that Paul made that cost him $40,000. If you plan to eventually buy small multifamily properties, this is one podcast episode you can’t miss!

In This Episode We Cover:

Paul’s history and how he got into real estate
Bought a house for $34,000—painted it, and sold it for $65,000
Never fall in love with a deal
From two failed flips to 50 successful ones!
The difference between gambling and investing
How he built a Hyatt hotel with a partner and lost money
Some reason behind the dropping of homeownership
Why he thinks multifamily properties are perfect investments
How he looked at 180 deals this year
He sold an HR company in ’97 for almost $3 million. Ten years later he was 2.5 million in debt.
How he was able to end up debt free 13 months later
Financing an $8.7 million multifamily property
What is a green loan program?
The journey to a syndication process
How he’s been able to write a book, have a podcast, and write for BiggerPockets
Networking through BiggerPockets
And SO much more!

Links from the Show

Books Mentioned in this Show

Mastering the Rockefeller Habits by Verne Harnish
The Perfect Investment by Paul Moore
The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges
The ONE Thing by Jay Papasan and Gary Keller

Fire Round Questions

Tweetable Topics:

“Every percent drop in home ownership means a million new people in the renter pool.” (Tweet This!)
“When baby boomers rent, they never return to buying again.” (Tweet This!)
“Don’t fall in love with a deal.” (Tweet This!)
“Wealth built up slowly over time is the key to become successful.” (Tweet This!)

Connect with Paul

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284: The “Miracle” Behind Becoming a Millionaire with Hal Elrod and David Osborn Jun 21, 2018

Show notes

Wealth is not an accident, it’s a choice. And on today’s powerful episode of The BiggerPockets Podcast, you’ll learn exactly how to make that choice each and every day. We’re excited to bring back two return guests, Hal Elrod and David Osborn, to talk about the choices that wealthy people make to ensure they stay focused on reaching their goals. You’ll hear about Hal’s recent battle with cancer and the mindset that allowed him to overcome the odds and live. You’ll discover how your diet can make you wealthy and how to command your day from the moment you wake—even if you aren’t a morning person. And you’ll discover the powerful concept of having an “air game” in addition to your “ground game”—and how understanding the distinction can make you wealthier than you have ever dreamed. Packed with wisdom, humor, and incredible insight, this show will leave you pumped up and ready to choose wealth.

In This Episode We Cover:

Hal’s cancer survival story and the Miracle Morning movie
David’s latest updates
What their miracle mornings look like
How Miracle Morning for Millionaires came to be
Overcoming the “but I’m not a morning person” objection
How to own your agenda
Choosing to be wealthy
How to find the right group of people
The thing that’s more effective than work ethic
Tips on self leadership
How to develop unwavering focus
And SO much more!

Links from the Show

Books Mentioned in this Show

The Miracle Morning by Hal Elrod
Miracle Morning Millionaires by Hal Elrod, David Osborn & Honoree Corder
Secrets of the Millionaire Mind by T. Harv Eker
Rich Dad Poor Dad by Robert T. Kiyosaki
Rich Dad’s CASHFLOW Quadrant by Robert T. Kiyosaki
Wealth Can’t Wait by David Osborn

Tweetable Topics:

“It’s not about overthinking things. It’s about finding things that work and putting them into action quickly.” (Tweet This!)
“There’s no way you win in life without having your agenda and being purposeful towards your agenda.” (Tweet This!)
“The economic downturn was my lucky break.” (Tweet This!)
“Work ethic is not enough.” (Tweet This!)

Connect with Hal and David

The Miracle Morning Website

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