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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:

243: “How I Built 7-Figures of Wealth on a Working-Class Salary” with Joe “JD” Martin Sep 07, 2017

Show notes

Let’s be honest: not everyone is trying to buy hundreds or thousands of properties. In fact – just a small handful of incredible deals can help build impressive wealth AND great income. That’s the story you’ll hear today as we speak with Joe “JD” Martin, a real estate investor who’s building wealth while working his full-time job.

As you’ll hear, JD had a rough start to his investing, losing over $100,000 on his first “deal,” but came back to create a stable, cash-flowing portfolio of single family houses that has given him financial freedom and over a million dollars in wealth. If that sounds like a plan you can get behind – don’t miss a moment of this powerful episode!

In This Episode We Cover:

Losing six figures on the first deal
The number one problem of that failed deal
How Joe got back into investing again and the strategy he chose
The details on his first rehab
Landlords who hate being landlords
How the quality of tenants matter
The importance of knowing who you want to rent to
Having a day job while investing
A Simple investing strategy
How he finances his properties
What is Cashflow Recycling?
The freedom to do what you love to do
And SO much more!

Links from the Show

Books Mentioned in this Show

Real Estate Investing For Dummiesby Eric Tyson & Robert S. Griswold
Your Money or Your Life by Vicki Robbin, Joe Dominguez, & Monique Tilford
The $100 Startup by Chis Guillebeau
The Millionaire Next Door by Thomas J. Stanley & William D. Danko
The 4-Hour Workweek by Timothy Ferriss

Fire Round Questions

Tweetable Topics:

“A great place to live may not be a great place to sell to make some money.” (Tweet This!)
“There’s no one path that works for everyone.” (Tweet This!)
“You’re really just competing against yourself. There’s no competition.” (Tweet This!)

Connect with Joe

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242: How to Live an Incredible Life Now & Achieve Early Retirement with Josh Randall Aug 31, 2017

Show notes

Money doesn’t buy happiness – but it can give you the freedom to live a truly extraordinary life, something our guest today can really speak to! We sit down with Josh Randall, an investor from Kentucky with nearly 100 units who also works as a full-time business owner.

You’ll love Josh’s mindset when it comes to buying cars, travel, and more through real estate, as well as his “goal-focused” investing that will get him fully retired by the age of 48 (with $50k a month in cash flow!) Josh is incredibly fun and also highly informative, so don’t miss a second of this show which Brandon calls “one of his top episodes ever!”

In This Episode We Cover:

How Josh got started in real estate through buying a Corvette
Details on his first deal – a mini mall
Selling bath tubs while property was still empty
How many properties Josh currently owns
Juggling business and real estate investing
Facebook Marketing to find deals
The Plumber story
His strategy
His monthly cashflow
The ‘why‘ behind his investing
Making assets pay for the liability
His strategy in finding deals
The types of houses he buys
Adding one more bedroom to a house
What is a knockdown?
Managing a business with 70 employees and real estate investing
The Limo Hummer
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki
50 Things They Didn’t Teach You in School by Tim Shiner
Playing to Win: Jerry Jones and the Dallas Cowboys by David Magee

Fire Round Questions

Tweetable Topics:

“Real estate is a piece of cake. I can do it with my eyes closed!” (Tweet This!)
“There’s always a way to add an additional bedroom.” (Tweet This!)
“Not everybody is the same person.” (Tweet This!)

Connect with Josh

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241: From Local Flips to Raising Funds and Turnkey Investing Around the Country with Jeff Wallenius Aug 24, 2017

Show notes

Is it possible to go from firefighter to real estate mogul? Just ask Jeff Wallenius, who started with a single flip, financed entirely with hard money. He was able to parlay that early success into a profitable flipping business and has been flipping 10-12 houses a year in the Portland market for the last five years. Now, he’s set his sights even higher, has created a couple of funds, and is buying cash flowing turnkey real estate around the country.

In This Episode We Cover:

Jeff’s transition from firefighting to real estate investing
His first flip
What exactly a “cash flow negative” spouse is
The numbers on that first deal
How he sold it
How to price your property
Why he went back in 2012 after the crash
The indicator of a good partner
How he scales his flipping business
What he thinks buying out-of-state
Tips for “riding along” with someone to learn more
How to build an investment fund
Why he sees safety and performance as his bull’s eye
What turnkey is and how someone can vet one
His next goal: acquiring 150 houses in his portfolio
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki
Set for Lifeby Scott Trench
Talent is Overrated by Geoffrey Colvin

Fire Round Questions

Tweetable Topics:

“You don’t want to be the cheapest property in the market.” (Tweet This!)
“I’d like to align myself with people that have good morals that are going to do the right thing when it’s hard.” (Tweet This!)
“Flipping is great, but when we stop flipping, the money ends.” (Tweet This!)

Connect with Jeff

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240: Flipping Your Way Out of (Student Loan) Debt & the Transition to Rentals with Brentin Hess Aug 17, 2017

Show notes

Financial debt (like student loans or credit cards) is irritating, expensive, and flat-out dangerous. But you don’t have to be stuck paying the minimum payments for decades like most Americans.

Today, we’re excited to introduce you to Brentin Hess, a young investor who “flipped his way out of student loan debt” and has already been able to quit his job thanks to his real estate investments.

You’ll learn how Brentin used a partnership to begin his house flipping journey, as well as the mistakes that cost him time and money in the beginning. Brentin is incredibly inspiring, so take time to listen to this entire episode—and prepare to have a fire lit beneath you!

In This Episode We Cover:

Tips for getting into real estate at a young age
Brentin’s experience of having a real estate license at 19 years old
How his first partnership came to fruition
How to deal with contractors when you’re young
The details of his first deal
Tips for leveraging capital
What exactly a Guidance Line of Credit is
The importance of building relationships
Why he shifted from flipping to rental properties
How he financed a multifamily deal
Tips for finding the right partners
When you should consider the rent as stabilized
How he quit his job
The story of how Gary Vaynerchuck was a guest for his event
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki
Crush It! by Gary Vaynerchuk
The Millionaire Real Estate Investor by Gary Keller
How to Make Big Money in Small Apartments by Lance Edwards
Change Your Habits, Change Your Life by Tom Corley
The 7 Habits of Highly Effective People by Stephen Covey

Fire Round Questions

Tweetable Topics:

“A lot of people who are into real estate sales don’t even get into investing.” (Tweet This!)
“Flipping is transactional.” (Tweet This!)
“Time is a finite resource.” (Tweet This!)
“Life is boring if you’re not being creative.” (Tweet This!)

Connect with Brentin

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239: Achieving Financial Freedom at Age 32 with Austin Fruechting Aug 10, 2017

Show notes

Many people dream of achieving financial freedom, but how many actually get there? Today on The BiggerPockets Podcast, you’ll meet one man who did just that. Austin Fruechting began buying rental properties less than 10 years ago, but by the age of 32 was able to retire on the cash flow coming in.

You’ll learn just how he was able to do this by reverse engineering success, buying rental properties in bulk, and using the BRRRR strategy to minimize the cash he needed to buy his properties. Whether you are looking to achieve financial freedom at 32, 52, or 72, this podcast is one you don’t want to miss!

In This Episode We Cover:

How Austin got started in just 9 months
The details of his first deal
Tips for accessing lines of credit as a newbie
What you should know about unsecured lines of credit
How he finds the deals
Why he doesn’t invest in turnkey properties
How to map out the passive income financial freedom involves
What it’s like to achieve financial freedom at 32
What exactly a long-term buy and hold is
How to find a good property manager
The best deal Austin’s ever done
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki
Thinking, Fast and Slow by Daniel Kahneman

Fire Round Questions

Tweetable Topics:

“The fear is always going to be conquered by knowledge.” (Tweet This!)
“When the right deal is there, I do whatever it takes to get it done.” (Tweet This!)
“As long as you keep proving yourself, it opens some other doors.” (Tweet This!)
“All of the pros started as complete novices and beginners too.” (Tweet This!)

Connect with Austin

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238: Becoming a Real Estate Millionaire on a Teacher’s Salary with Michael “Swanny” Swan Aug 03, 2017

Show notes

Is it possible to invest in real estate if you live in an expensive market—and earn a teacher’s salary? According to today’s guest, it’s not only possible, but it can be incredibly profitable!

Today’s guest, Michael Swan, is a P.E. teacher who lives in San Diego but has used the valuable real estate concept known as “trading up” to acquire millions of dollars in real estate. You’ll learn why Michael liquidated his entire retirement plan to buy his first few deals, the truth about “luck” and real estate, and some fantastic tips for buying and managing properties—even from a distance. (And if you work a full-time job or make less than $100,000 per year, this show might just change your life!)

In This Episode We Cover:

Why Michael’s nickname is Swanny
How he realized his financial ladder was leaning on the wrong building
Tips for utilizing IRAs and penalties
Whether purchasing 11 condos is a good idea or not
The story of the 15-unit apartment complex
How he went from $5k in cash flow to $24k
Whether luck had to do with his great deals
Tips for buying areas in with both cash flow and appreciation
His formula for financial freedom (using multifamilies)
A discussion on single families versus multifamilies
How to find deals in your market
Tips for seeking out the perfect property manager
How many units he has now
How to tackle big projects
How he manages his work with his time as a teacher
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki
Multi-Family Millions by David Lindahl
Loopholes of Real Estate by Garrett Sutton
The 7 Habits of Highly Effective by Stephen Covey
Think and Grow Rich by Napoleon Hill
The 10X Rule by Grant Cardone

Fire Round Questions

Tweetable Topics:

“Living in San Diego, if I am able to do it, anybody can do it.” (Tweet This!)
“Luck is when preparation meets opportunity.” (Tweet This!)
“Make sure you make connections with everybody.” (Tweet This!)
“I don’t take advice from someone that has less than me.” (Tweet This!)

Connect with Michael

Michael’s BiggerPockets Profile

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237: Partnerships & BRRRR Investing While Working Full-Time With Ian Reeves Jul 27, 2017

Show notes

In this episode of The BiggerPockets Podcast, we’re excited to talk about two incredibly powerful strategies any real estate investor (new or experienced!) can use to grow their business: partnerships and BRRRR investing.

Today’s guest, Ian Reeves, used a combination of both these strategies to build an incredible portfolio in just the past few years, having started after listening to this very podcast. This episode is sure to blow your mind with both education and entertainment, so sit back and prepare to have your world rocked forever!

In This Episode We Cover:

How Ian got started
The details of his first property
Why house hacking is a good idea
How he has 65 units already
Why he chose partnership
Tips for finding the right partners through BiggerPockets
The pros of being a part of an REI meetup
What you should know about the BRRRR strategy
A look into whether you should buy expensive properties
Where he got his initial loan
The dangers of commercial loans
The importance of having the right mindset
The secret to scaling quickly
The worst deal he has ever done
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki
The Millionaire Real Estate Investor by Gary Keller
The Miracle Morning by Hal Elrod
Set for Life by Scott Trench
The One Thingby Gary Keller and Jay Papasan
The Book on Rental Property Investing by Brandon Turner
The 4-Hour Work Week by Tim Ferriss
Mastery by Robert Greene
80/20 Sales and Marketing by Perry Marshall

Fire Round Questions

Tweetable Topics:

“It’s a dangerous situation when you are not reinvesting your profits.” (Tweet This!)
“Fifty percent of a deal is better than 100 percent of no deal.” (Tweet This!)
“Just tell the people what you’re doing and they can sense the passion.” (Tweet This!)
“All the information that you could ever want is already out there. It’s up to you if you implement or not.” (Tweet This!)

Connect with Ian

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236: From Tragedy to Broke to $400,000 a Month with Lance Wakefield Jul 20, 2017

Show notes

How does one scale a real estate investing business to hundreds of thousands of dollars in profit in under two years?

That’s the topic on today’s episode of The BiggerPockets Podcast, where you’ll hear just how Lance Wakefield, a real estate wholesaler in the Dallas area, accomplished that amazing feat. You’ll hear Lance’s powerful story of hitting rock bottom through numerous tragedies that hit him all at once and the devastation that caused—but you’ll also hear how he went from having just $3,500 to his name to earning over $400,000 in profit in less than 18 months.

This show is motivating, educational, powerful, and moving—so don’t miss a moment of it. This is one show you’ll want to bookmark and listen to over and over and over again!

In This Episode We Cover:

What Lance did before real estate investing
How he learned to flip homes at the age of 15
The concept of “house hacking” car dealerships
The life tragedies that led him to lose everything
Why stupid deals provide priceless teaching moments
How to achieve massive success in just 21 months
Why he teamed up with his wife
The story behind their first deal
What to know about the 2% Rule
What you get when you spend $50k/month on marketing
How to build out your processes
How to obtain the right mailing list
The software he uses to build his deal funnel
How he determines the needs of the seller
How to make real estate investing a business
What’s next for Lance
And SO much more!

Links from the Show

Books Mentioned in this Show

Trump-Style Negotiation by George Ross
Multipliers by Liz Wiseman
Traction by Gino Wickman
The Miracle Morning by Hal Elrod
Set for Life by Scott Trench

Fire Round Questions

Tweetable Topics:

“It was stupid to do as a deal. But as a learning experience, it was priceless.” (Tweet This!)
“Our goal is to meet the need of the seller.” (Tweet This!)
“When you are not focusing on the revenue, you are focusing on the wrong thing.” (Tweet This!)
“Negotiation is everything. It is the key to real estate.” (Tweet This!)

Connect with Lance

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235: How to Find and Fund Real Estate Deals with Anson Young Jul 13, 2017

Show notes

From the millions of people who come to BiggerPockets each month, there are two issues that we hear about over and over and over: People can’t find deals, and they can’t find money.

So today on the BiggerPockets Podcast,we’re excited to dive deep into these two issues with a good friend of BiggerPockets—Anson Young. Anson is an experienced investor (and new author!) who shares his best tips for finding real estate deals, even in a competitive market. You’ll learn his best direct mail tips, advice for talking with sellers, and much, much more!

In This Episode We Cover:

Who is Anson Young?
How many deals he has done so far
The most common mistakes made when finding deals
How to set the right criteria
Where to find great properties
How to cut through the competition
Tips for using CRMS and checklists for direct mail marketing
Where Anson gets his lists
What exactly a probate is
How to maximize networking and referrals
How to use bandit signs the right way
The bonuses you’ll get with Anson’s book
What you need to know about funding deals
And SO much more!

Links from the Show

Books Mentioned in this Show

Finding and Funding Great Deals by Anson Young
The book on investing with Low or No Money Down by Brandon Turner
The Checklist Manifesto by Atul Gawande
Rich Dad Poor Dad by Robert Kiyosaki
The Obstacle Is the Way by Ryan Holiday
Ego Is the Enemy by Ryan Holiday

Tweetable Topics:

“Step one is always finding out where you want to be for what you want to do.” (Tweet This!)
“The more work it takes, the less competition I have.” (Tweet This!)
“I don’t trust anyone’s numbers.” (Tweet This!)

Connect with Anson

Anson’s BiggerPockets Profile

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234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock Jul 06, 2017

Show notes

People often toss around the term “passive income” when it comes to owning rental properties. And, in truth, there are ways to make managing tenants passive. But for the majority of investors, being a landlord can be tough.

On today’s show, we talk with Ryan Murdock, an investor and property manager from Maine about the lessons he’s learned building up his rental portfolio. Ryan also shares his story of going to the brink of financial ruin with a “no money” deal and how to avoid losing your shirt when doing creative financing.

In This Episode We Cover:

How Ryan started by reading a book
The beauty of house hacking
Why he started his own property management company
Tips for dealing with inherited tenants
How to find good agents
Thoughts on having an agency to “sponsor” you
How to know when to quit your job
The things he misjudged while buying houses
How capital plays a huge role
How to accurately estimate costs when fixing properties
How many rental units he has
Tips for finding properties through the BiggerPockets Marketplace
What metrics he uses to decide on a property
How he funded his deals
What he would do differently if he started again
The BRRRR strategy
And SO much more!

Links from the Show

Books Mentioned in this Show

Set for Life by Scott Trench
Property Management For Dummies by Grisworld
The book on investing with Low or No Money Down by Brandon Turner
The E-Myth by Michael Gerber
The ONE Thing by Gary Keller and Jay Papasan

Tweetable Topics:

“Don’t just quit and hope for the best.” (Tweet This!)
“Creative investing is not about being broke. It’s just about putting together a deal without your own money.” (Tweet This!)
“You either win or you learn.” (Tweet This!)

Connect with Ryan

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