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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:

263: College Dropout to Owning 900+ Units with Bruce Petersen Jan 25, 2018

Show notes

Many people have dreams of owning large multifamily properties—but fail to get beyond small deals. Not today’s guest! Today, we sit down with Bruce Petersen, an investor from the Austin, TX area who started with a 48-unit syndication deal and hasn’t looked back! Bruce has some incredible stories and lessons from his time in the business, so if you ever plan to buy an apartment complex, this is one episode you need to pay close attention to!

In This Episode We Cover:

Bruce’s background
What a syndicator does
Why he started out with a 48-unit deal
Why it’s easier to handle a property with more units
The “deal triangle“
Tips for hosting a meet-up
The class system of properties
When to upgrade a unit
What exactly a preferred return is
How syndicating really works
How he included his daughters in the deal
How he finds deals
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dadby Robert T. Kiyosaki
Jab, Jab, Jab, Right Hook by Gary V.

Fire Round Questions

Tweetable Topics:

“Don’t ever pay off a piece of real estate ever. Not even your personal residence.” (Tweet This!)
“I’ve always syndicated everything.” (Tweet This!)

Connect with Bruce

Bruce’s BiggerPockets Profile
Bruce’s Website
Bruce’s Email

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262: $600,000 in Gross Rents from Mobile Home Parks with Jefferson Lilly Jan 18, 2018

Show notes

Mobile Home Parks can be one of the most profitable business models around, but learning to scale without losing all your time can be tough. That’s the story on today’s episode of the BiggerPockets Podcast, where we sit down with Jefferson Lilly to talk about how he’s acquired 2,600+ “pads” in the past few years and the lessons he’s learned in scaling. We also discuss the ins and outs of raising private money through a “fund,” which will both fascinate and educate you, so don’t miss a moment of it. Whether you want to buy mobile home parks or not, this is one show where the lessons will stick with you for life!

In This Episode We Cover:

Brandon’s mobile home park
Reasons why you should consider buying a mobile home park
The legality surrounding mobile home parks
How Jefferson came to own about 2,300 pads
What you should know about rent-to-own homes
How Jefferson markets their properties
Methods of payment for these rentals
A discussion on RVs vs. mobile homes
Jefferson’s thoughts on tiny houses
Getting to a “Mobile Home Park 2.0”
The 3 key hires for mobile home parks
What managing these mobile parks look like
Floods and other concerns when choosing a mobile home park
How to fund these days
How to find parks today
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on Investing with Low and No Money Down by Brandon Turner
Never Split the Difference by Chris Voss
Am I Being Too Subtle? by Sam Zell
The Snowball by Alice Schroeder

Tweetable Topics:

“Don’t kick anybody out of your deal. Just scale everybody back.” (Tweet This!)

Connect with Jefferson

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261: 16 Tips for Selling Properties Faster and for More Money with Mindy Jensen Jan 11, 2018

Show notes

Here on the BiggerPockets Podcast, we spend a lot of time talking about buying properties—but what about needing to sell them? How does someone get top dollar and get their home sold quickly? Well, today on the podcast, we’re excited to dive deep into this topic with Mindy Jensen, the Community Manager at BiggerPockets and author of the newest book from BiggerPockets, How to Sell Your Home. You might know some of these tips—but others might just blow your mind (and make you thousands next time you sell a property), so grab a pencil and paper and get ready to take some notes!

In This Episode We Cover:

Mindy’s story

How to pay zero dollars in capital gain taxes

The tax exemptions involved with getting married

What exactly a live-in flip is

16 ways to sell your property:

Have a pre-listing home inspection
Clean up your home
Doesn’t pass the sniff test
Great Pictures of your house
Be available
Be informative
Know your competition
Use an agent
Ask your agent
Price it right
List in Peak market time
Double check your listing information
Stage those weird areas that don’t have an obvious use
Leave during your showing
Be prepared to walk away from an offer
Tell everyone you know that your house is for sale

Why Mindy wrote the book

Bonuses!

And SO much more!

Links from the Show

BiggerPockets Forums
BiggerPockets Money Podcast
Email Support
How to Buy Your First (or Next) Property by the End of the Year [The 90-Day Challenge!] (podcast)
What I learned buying a house (blog)

Books Mentioned in this Show

How to Sell Your Home by Mindy Jensen
Rich Dad Poor Dad by Robert Kiyosaki
Long Distance Investing by David Greene
Set for Life by Scott Trench
The Book on Rental Property Investing by Brandon Turner
The Millionaire Real Estate Investor by Gary Keller
The Richest Man in Babylon by George S. Clason

Fire Round Questions

Tweetable Topics:

“Try not to sell a house with a tenant in it.” (Tweet This!)
“Home inspection is totally worth the dollars.” (Tweet This!)

Connect with Mindy

Mindy’s BiggerPockets Profile

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260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss Jan 04, 2018

Show notes

Bank robbers. Terrorists. Motivated sellers. No matter who you’re dealing with, negotiation is vital. As a real estate investor, the question is not if you’ll negotiate but how well will you negotiate—and after this episode, you’ll never negotiate the same again. Today, we’re excited to sit down with Chris Voss,former head of the FBI’s Hostage Negotiation Team and author of Never Split the Difference, to learn the stories, strategies, and tactics gleaned from decades of negotiating with the world’s most dangerous criminals. Then, we delve into how these lessons can help you in your own business and life. This show is a ton of fun and full of actionable tips that will instantly make you a better negotiator—whether sparring with your child, a buyer or seller, or a terrorist holding your family for ransom!

In This Episode We Cover:

A look at Chris’s background
The story of the bank robbery in Brooklyn
What the strategy of mirroring is
What it means when a person doesn’t give his name
How to use listening as an advanced skill
Tips for applying negotiation to business settings
The role negotiating plays in real estate
The thing more important than the deal in negotiation
The secret to gaining the upper hand in a negotiation
Tips for negotiating in a real estate deal
The power of deference
What you should know about anchoring
How to take advantage of rounds of bargaining
Why you should consider odd number pricing
Why no is more powerful than yes
The learning curve for this skill
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki
Never Eat Alone by Keith Ferrazzi
Never Split the Difference by Chris Voss
The 7 Habits of Highly Effective People by Stephen Covey
Getting to Yes by Roger Fisher
The Rise of Superman by Steven Kotler
U2 by U2 by U2 & Neil McCormick

Tweetable Topics:

“If you want big stakes results, you need to practice in low stakes negotiation.” (Tweet This!)
“The last impression is a lasting impression.” (Tweet This!)
“There’s always something in a negotiation for everybody that is more important than actually making a deal.” (Tweet This!)
“You get what you want by hearing the other side out.” (Tweet This!)
“The secret to gaining the upper hand in a negotiation is giving the other side the illusion of control.” (Tweet This!)

Connect with Chris

Chris’s Newsletter

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259: Old-School Investing Wisdom from 60+ Years with Mike Anderson Dec 28, 2017

Show notes

One of the most impactful moments for most real estate investors is meeting a “mentor,” someone older and wiser who can share with them the lessons they’ve learned. That’s exactly what today’s episode of The BiggerPockets Podcast is! Mike Anderson has invested in real estate for over 60 years, doing everything from buying 200 houses per month to owning a mortgage business to storage units and more. On today’s show, he dives into his story and the lessons he’s learned over the past half-century and offers insight and wisdom that newer investors need to hear. This conversation is fun, fast-paced, and filled with knowledge, so hang on for a wild ride!

In This Episode We Cover:

The story of buying a house for $3,250 (55 years ago)
How to buy and sell 200 houses a month
What he’s learned about people buying houses
Why you should buy rentals in school districts
A discussion on cash flow vs. appreciation
The concept of “dialing for dollars“
Why it’s all a number’s game
Things to note when buying from wholesalers
The usual problems with investors
Where to get the money for deals
Why perseverance is key
How to hire the right people
How to continue buying 10 or more houses (and get bank financing)
Why he’s concerned about the future
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki

Tweetable Topics:

“The essential thing to make money is hard work.” (Tweet This!)
“Don’t worry about commissions; worry about your customers.” (Tweet This!)
“How are you going to buy real estate if you don’t know what your goal is?” (Tweet This!)
“It doesn’t cause cancer to call people on the phone.” (Tweet This!)

Connect with Mike

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258: Six-Figure House Flipping with Gabe DaSilva Dec 21, 2017

Show notes

Massive goals encourage massive action—and a massive plan to get there. That’s the truth behind today’s episode of The BiggerPockets Podcast, where we sit down with Gabe DaSilva, a New Jersey real estate investor who specializes in a unique niche of house flipping: “add-a-level” or “pop tops.” You’ll hear how Gabe shoots for a six-figure payday on each flip and how you can incorporate this strategy in your own business. Be ready to take some notes—this is an action-packed show!

In This Episode We Cover:

How Gabe got into the real estate business
Tips for using your 401k as capital
How he landed his first deal
A discussion on doing things yourself
How to finance your deals using hard money
Gabe’s unique definition of hard money lenders
The deals he’s made to this point
Which properties are good candidates for rehabbing
How to tell if it’s the right market to invest in
What to check for in a good house foundation
The “bathtubs story“
How to find deals through direct mail
What his day looks like
And SO much more!

Links from the Show

Books Mentioned in this Show

A Curious Mind by Brian Grazer
The Book on Estimating Rehab Costs by J. Scott
Set for Life by Scott Trench
Rich Dad Poor Dad by Robert Kiyosaki
The E-Myth by Michael E. Gerber
Think and Grow Rich by Napoleon Hill

Fire Round Questions

Tweetable Topics:

“Sacrifice the life you have now so that you can live the life most can’t live later.” (Tweet This!)

Connect with Gabe

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257: But My Market is Too Expensive!” (How to Become a Long-Distance Real Estate Investor) with David Greene Dec 14, 2017

Show notes

Investing outside of your local market can strike fear into the hearts of even the most savvy real estate investor. But long-distance investing doesn’t need to be extra risky! In fact, today’s guest argues that it might just be the most profitable investing you’ll ever do. Today’s guest, David Greene, a San Francisco real estate investor and agent, shares his incredible process for finding, rehabbing, and managing properties from thousands of miles away. His approach to building a “Core Four” is nothing short of genius and will transform how you run your real estate business, whether you are buying next door or 49 states away. This is one show that could change your real estate strategy forever!

In This Episode We Cover:

What David’s been up to since the last time he was in the show
How to find the right people to help you find the right properties
How to seek out top-notch lenders
Tips for offering value to people hundreds of miles away
A discussion on whether newbies can invest long distance
The “Core 4” team members you’ll need when investing in real estate out-of-state
David’s thoughts on turnkey companies
How to overcome the fear of trusting someone you work with
All about David Greene’s new book!
And SO much more!

Links from the Show

Books Mentioned in this Show

A Curious Mind by Brian Grazer
The ONE thing by Gary Keller and Jay Papasan
The 4-Hour Workweek Tim Ferriss
The Millionaire Real Estate Agent by Gary Keller
The Richest Man in Babylon by George S Clason
Principles by Ray Dalio

Fire Round Questions

Tweetable Topics:

“I’m putting a dream team together that runs on autopilot.” (Tweet This!)
“The market itself is not quite as important as the success you’ll likely have in that market.” (Tweet This!)
“It’s only risky if you’re lazy.” (Tweet This!)
“You’re not going to make money right away when you start first doing anything new. It’s only going to be what you learn that will make money later.” (Tweet This!)

Connect with David

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256: The Surprising (Scientific) Truth Behind What Makes You Successful with Eric Barker Dec 07, 2017

Show notes

Why do some people achieve incredible success while most others struggle? Why do some reach their goals while others give up within days of setting them? Why do some people make WAY more money at work while others are stuck in the mailroom for 40 years? Those topics, among many others, are the focus of today’s episode of The BiggerPockets Podcast, where we sit down with Eric Barker, author of the WSJ bestseller Barking Up the Wrong Tree: The Surprising Science Behind Why Everything You Know About Success Is (Mostly) WrongW. Eric spends his life exploring the science and psychology behind what actually makes an individual successful, and today we explore those often-surprising truths as they relate to real estate, business, and all areas of life!

In This Episode We Cover:

Eric’s background
What you should know about his book
How to align yourself with what you’re good at
The issue of grit
The “3 Ps” (personal, permanent, and pervasive)
The secret to forming habits
How to create external accountability
A discussion on systems vs. goals
What you should know about introverts vs. extroverts
How financial success can serve as a great defense
Tips for not taking the day for granted
How to become a super connector
What makes somebody successful at work
What “work-life balance” truly means
The 4 metrics of success
And SO much more!

Links from the Show

BiggerPockets Forums
BiggerPockets’ Low Budget (Youtube Series)
BiggerPockets Youtube Channel
Stickk
Fincon
Noah Kagan
Marginal Revolution
Ryan Holiday
Tim Urban’s Wait but Why?
Josh Kaufman
The Vietnam War
Icarus Netflix Original
The Armstrong Lie
Command and Control
The Bomb
Gym Pact App

Books Mentioned in this Show

Barking Up the Wrong Tree by Eric Barker
The Miracle Morning by Hal Elrod
The One Thing by Gary Keller and Jay Papasan
Deep Work by Carl Newport
The Personal MBA by Josh Kaufman
Drive by Dan Pink
The Hard Thing About Hard Things by Ben Horowitz
Give and Take by Adam Grant

Tweetable Topics:

“The single most motivating thing is the feeling of progress.” (Tweet This!)
“The importance of the habit is consistency.” (Tweet This!)
“In the end, it’s generally better to set up systems as opposed to goals.” (Tweet This!)
“There is no fear with boredom.” (Tweet This!)

Connect with Eric

Eric’s Blog

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255: Six-Figure Real Estate Investing in Just 20 Hours a Week with Elliot Smith Nov 30, 2017

Show notes

How many hours per week does it take to be a successful real estate investor? The answer on today’s episode might surprise you. Today we’re sitting down with Elliot Smith, a real estate investor from Washington State who has an incredible story to tell about how he went from 70+ hour per week worker to “full-time” real estate investor who only works part-time. Elliot has an incredible outlook on life and business that’s contagious, so warning—you won’t leave this interview the same person. You’ll also learn how Elliot and his wife made over $100,000 their first year in real estate and the amazing tale of how they made over $100,000 in a single month. This show is as inspirational as it is educational (and filled with more than a few laughs!) so get ready to have your world rocked.

In This Episode We Cover:

How Elliot got started real estate investing
Whether you should do house inspections
Their next deals and a great wholesale deal
How to wholesale with a full-time job
The importance of being honest with your sellers
What exactly wholesaling entails
How he made $100k in just one month!
How to invest part-time and earn full-time
Tips for building relationships with private lenders
Advice on flipping with no money down
Tips on finding a mentor
How to do 30 deals a year
How Elliot finds deals
His way of making the world better
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on Rental Property Investing by Brandon Turner
Finding and Funding Great Deals by Tarl Yarber
Investing with Low or No Money Down by Brandon Turner
The Millionaire Real Estate Investor by Gary Keller
Pitch Anything by Oren Klaff

Fire Round Questions

Tweetable Topics:

“If you’re asking if you need an inspector, then you need one.” (Tweet This!)
“It all has to do with the intent. Is your intent to screw this person or is your intent to do the right thing?” (Tweet This!)
“You’ll find really good people in this business who just love people and love helping.” (Tweet This!)
“Money is not the most important thing. Friendship and relationships are the most important thing in this business.” (Tweet This!)

Connect with Elliot

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254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors Nov 23, 2017

Show notes

Today’s guest needs no introduction, but this would look funny without one, so here we go! Today on The BiggerPockets Podcast, we sit down with Tim Ferriss, author of #1 New York Times Bestseller The Four Hour Work Week and his newest title, Tribe of Mentors and dive DEEP into the patterns that make high achievers accomplish so much. This show is unlike any other episode of our podcast, and we can’t guarantee you’ll be the same person when you finish. You’ll also discover Tim’s unique approach to real estate investing, as well as the books, apps, and routines that has made Tim one of the most influential thought leaders in our world today.

In This Episode We Cover:

How the gang connected with Tim
Whether his mom would be impressed by his accomplishments
Why he walks to the beat of his own drum
His recent “silent” retreat
The value of meditation
What you should know about self-awareness training
The ins and outs of the book Tribe of Mentors
Patterns that are common amongst high achievers
The importance of turning off distractions
Principles to live your life by
How to be truly effective
Tips for using money to buy time
The 3 advantages that you can have in any type of investing
How Tim Ferriss invests
What a good investment entails
Indicators of a solid property
How Tim would analyze real estate
The fundamental differences in real estate as an asset class
The “worthlessness” of hard work
How to balance ambition and being contented
And SO much more!

Links from the Show

Books Mentioned in this Show

Set for Life by Scott Trench
The Book on Rental Property Investing by Brandon Turner
The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han
The Book on Flipping Houses by J. Scott
Finding and Funding Great Deals by Anson Young
The 4-Hour Work Weekby Timothy Ferriss
The 4 Hour Body by Timothy Ferriss
The 4-Hour Chef by Timothy Ferriss
Tools of Titans by Timothy Ferriss
Tribe of Mentors by Timothy Ferriss
Young Millionaires by Rieva Lesonsky
Man’s Search for Meaning by Viktor Frankl
Poor Charlie’s Almanack by Charles T. Munger
The Better Angels of our Nature by Steven Pinker
Principles by Ray Dalio
Warren Buffett Speaks by Janet Lowe
Richest Man in Babylon by
The Radical Acceptance by Tara Brock
Berkshire Hathaway Letters to Shareholders
More Money Than God by Sebastian Mallaby
Liar’s Poker by Michael Lewis
Lifeonaireby Steve Cook
Rich Dad Poor Dad by Robert Kiyosaki

Tweetable Topics:

“I don’t like having my sanity depend on luck.” (Tweet This!)
“When you’re not thinking of the past, you’re not thinking of the future.” (Tweet This!)
“It’s not that you don’t have time, it’s you don’t have priorities.” (Tweet This!)
“It’s not how you do things, it’s what you do.” (Tweet This!)
“Effectiveness over efficiency on all things.” (Tweet This!)
“Thinking is actually asking questions and answering them in your own head.” (Tweet This!)
“There’s no problem with hard work, as long as it applies to the right things.” (Tweet This!)
“In the end, success is sleeping well.” (Tweet This!)
“Worrying is praying for what you don’t want.” (Tweet This!)
“It’s very hard to fail completely.” (Tweet This!)

Connect with Tim

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