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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:

223: How to Become Set for Life Through House Hacking, Frugality, and Maximizing Your Income with Scott Trench Apr 20, 2017

Show notes

A lot of people want to achieve financial freedom—but many who start the journey never arrive. So what’s the best way to truly set yourself up for success in achieving financial independence and wealth?

That’s the topic of today’s show, where we sit down with Scott Trench, author of Set for Life,to discuss some of the simple yet powerful, tactics people can use to increase their income, reduce their expenses, and lead a legendary life.

In This Episode We Cover:

A little bit on Scott‘s background
The path to early financial freedom
How to house hack your way to a portfolio of properties
Tips for using the BRRRR method
How to invest despite what the market situation is
An introduction to the book Set for Life
The three stages of wealth mentioned in the book
What you should know about the “financial runway“
The bonuses that comes with the book
A discussion on making more money
The importance of finding a job you love
How to get the set of skills you need to succeed
Scott’s advice to those who are getting their first deal
And SO much more!

Links from the Show

Books Mentioned in this Show

Set for Lifeby Scott Trench (email setforlife@biggerpockets.com)
The Book on Rental Property Investing by Brandon Turner
The ONE Thing by Gary Keller and Jay Papasan
Rich Dad Poor Dad by Robert T. Kiyosaki

Tweetable Topics:

“It’s not just about being thrifty or cheap; it’s about being smart.” (Tweet This!)
“Because we were responsible financially, we were able to take risks.” (Tweet This!)
“Understand that what I’m doing today is what I need to get to the next level.” (Tweet This!)

Connect with Scott

Scott’s BiggerPockets Profile

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222: Lessons Learned from 40+ Years as a Real Estate Investor with Jay Hinrichs Apr 13, 2017

Show notes

Success leaves clues! Rather than trying to figure it all out on your own, why not listen to someone who has been involved with nearly every aspect of real estate for decades?

On today’s episode of The BiggerPockets Podcast, we sit down with Jay Hinrichs, an investor and hard money lender from Oregon, to learn how he has navigated the real estate market for more than 40 years—and how you can grow your own business from his wisdom!

In This Episode We Cover:

How Jay Hinrichs started when he was 18
A discussion on whether you should get a license or not
His first houses in the Bay area
Why agents are not investing
What a hard money lender is
How to be approved by hard money lender
How Jay became the largest hard money lender in his area
Why you should consider the BRRRR strategy (and how he’s been doing it for years)
How to do something nice for somebody (through BiggerPockets)
Why you should go ask in the Forums
Tips for finding the right partners
How to get the “lion’s share“
The most common question in the Forums
And SO much more!

Links from the Show

Books Mentioned in this Show

Think and Grow Richby Napoleon Hill
Rocket Fuel by Gino Wickman

Tweetable Topics:

“When you’re starting out and you don’t have the money, you need to honor the money.” (Tweet This!)
“Any investor that I bring in a deal always makes more money than I do.” (Tweet This!)
“I will never retire. I’ll be doing this until I’m not functional. I love what I do.” (Tweet This!)
“Every market is different. You have to play to the market.” (Tweet This!)

Connect with Jay

Jay’s BiggerPockets Profile

Learn more about your ad choices. Visit megaphone.fm/adchoices

221: Buy and Hold Real Estate—What Works and What Doesn’t with Tim Shiner Apr 06, 2017

Show notes

A lot of people want to invest in rental properties, but a lot of people also fail when they jump in. Why? That’s the topic on today’s episode of the BiggerPockets Podcast, where we sit down with Tim Shiner to learn his story of going from zero to over 150 units and the lessons he picked up along the way.

You’ll hear some incredible strategies for getting unicorn deals when there are multiple offers, the #1 most important characteristic Tim looks for when buying a property, and why he focuses primarily on “higher end” rental houses. You’ll love all the humor, wisdom, and knowledge Tim brings to the show, so sit down, relax, and be prepared to learn!

In This Episode We Cover:

How he got started buying quality real estate
What makes his location special
Why he doesn’t have a real estate license
The importance of looking at the “horizon” and the end goal
A discussion on diversification on investments
The story of the “big white card board“
Why you should focus on what you are better at
Tips for finding mentors
The details on his 140 deals
Insight into the debate on high-end vs. low-end properties
Why he loves appreciation
Tips for partnering with your significant other
A discussion on buying your kid a property
How he finds deals
Why you should set a goal, achieve it, and reward yourself
And SO much more!

Links from the Show

Books Mentioned in this Show

Elon Musk by Ashlee Vance
Rich Dad Poor Dadby Robert Kiyosaki
Rich Dad’s CASHFLOW Quadrantby Robert Kiyosaki
The 10X Rule by Grant Cardone
50 Things They Didn’t Teach You in School by Tim Shiner

Tweetable Topics:

“Nobody cares as much about your investments as much as you do.” (Tweet This!)
“The goal is to get as many checks coming in the mail as possibly as you can.” (Tweet This!)
“If you have a strong enough ‘why’ while you invest, that will plow your way.” (Tweet This!)
“Set a goal, achieve it, and reward yourself.” (Tweet This!)

Connect with Tim

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220: Student Rentals, Multifamily, & the Silent Cash Flow Killer with Jesse Fragale Mar 30, 2017

Show notes

Many people buy real estate hoping to make great cash flow. But all too often that cash flow is quickly eaten away by a silent but deadly thief.

In this episode of the BiggerPockets Podcast, Josh and Brandon sit down with real estate investor Jesse Fragale to hear his story and learn more about how this silent killer can eat away your profits if you don’t analyze a deal right. You’ll also learn how Jesse found a way to invest in a crazy expensive market, as well as tips on using partners, scaling to larger properties, and the worst pickup line Jesse has ever used!

In This Episode We Cover:

How Jason got into real estate because of a car
Why he chose the niche of student rentals
4 ways to earn in real estate
Tips for managing student rentals
The worst day of Jason’s life (aka why CapEx is important)
How much you should prepare for capital expenditures
The pros and cons of student rentals
Thoughts on jumping into multifamily
What you should know about the 50% rule
Tips for finding the cap rate in an area
How to fund a deals using a partnership
A discussion on setting expectations with property managers
And SO much more!

Links from the Show

Books Mentioned in this Show

The Wealthy Renter by Alex Avery
Landlording on Auto-Pilot by Mike Butler
Getting to Yesby Roger Fisher
The Book on Investing with No Money Downby Brandon Turner

Tweetable Topics:

“The bigger the deal, the easier it is to do.” (Tweet This!)
“If you bring people a good deal, I believe that they will take it for what it’s worth.” (Tweet This!)
“I think there’s success in every facet of real estate.” (Tweet This!)

Connect with Jesse

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219: Private Lending, Turnkey, and Crowdfunding Real Estate with Dr. Kenyon Meadows Mar 23, 2017

Show notes

Many people invest in real estate hoping to make “passive income” but instead find they work more than they would at a day job! But not all real estate niches require a lot of time—and today’s show proves that! Today on the BiggerPockets Podcast, we sit down with Dr Kenyon Meadows, a real estate investor who chooses to invest his money using a variety of passive real estate vehicles, including funding other real estate investors, investing out of state through several turnkey companies, and investing in over 30 crowdfunding deals! If you are looking to make your real estate more passive, this is one show you can’t afford to miss!

In This Episode We Cover:

Who Kenyon Meadows is
What you should know about alternative assets
How he got into real estate
How he structures his private money lending
Whether track records matter to him
How to impress a private money lender
Tips for building permanent wealth
How he got into turnkey properties
Advice on finding the right turnkey property provider
A look at the numbers for a turnkey property
How he structures his deals
How real estate crowdfunding deals work
Kenyon’s future plans
What he would tell someone starting out
A discussion on investments outside real estate
And SO much more!

Links from the Show

Books Mentioned in this Show

Essentialism by Greg McKeown
Bridge Over Troubled Wall Street by Mr. Stephen E. Gardner
The Alternative Answer by Bob Rice
Alternative Financial Medicine by Kenyon Meadows

Tweetable Topics:

“I don’t think you should invest in anything unless you really know the ins and outs of it.” (Tweet This!)
“Loaning is great, but if you want to build permanent wealth, then you’ve got to own this stuff.” (Tweet This!)

Connect with Kenyon

Kenyon’s Personal Website

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218: Driving for Deal Flow and Remarkable Educational Marketing with Erik Stark Mar 16, 2017

Show notes

Why is it some investors buy deals every single month, when others look for years without landing a single great real estate deal? Two words: deal flow. On today’s episode of the BiggerPockets Podcast, we sit down with Erik Stark to talk about how he consistently drives leads to his real estate business using “driving for dollars,” direct mail marketing, and a fascinating “education marketing” strategy that you’ll be excited to try for yourself!

In This Episode We Cover:

Erik’s background
What exactly deal flow is
The importance of focusing on the strategy
The first step in driving for dollars
How to identify a distressed vacant house
How he tracks his mailers
What systems he has in place, including outsourcing
Tips for finding out if there’s existing mortgage on a property
The Smart Sell Book he authored
What R3 zoning is
What’s changed in the past two years since he was interviewed
His plan for the next years
And SO much more!

Links from the Show

BiggerPockets Forums
BP Podcast 093: 0 to 400 Deals (in 5 Years!) via Smart Marketing with Erik Stark
Mike Cantu
Brandon’s Instagram – Beardy Brandon!

Books Mentioned in this Show

Rich Dad Poor Dadby Robert Kiyosaki
The Peebles Path to Real Estate Wealth by R. Donahue Peebles
The Success System That Never Fails by W. Clement Stone
Smart Sell Book by Erik Stark (Contact Erik directly)

Tweetable Topics:

“You need to stop chasing opportunity and start working a strategy.” (Tweet This!)
“I don’t want to spend my life trying to tell people why I’m better than everybody else.” (Tweet This!)
“If you are looking at properties and not writing offers, it’s like going to the gym and not working out.” (Tweet This!)
“Cash is everywhere now. There’s no shortage of cash; there’s a shortage of real opportunity.” (Tweet This!)

Connect with Erik

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217: How to Work Less and Earn More Using the 80/20 Rule with Perry Marshall Mar 09, 2017

Show notes

Every day, our lives are consumed by things that simply don’t amount to much. In fact, most of your successes will come from a very small percentage of your activities. That’s the basic concept of the 80/20 rule, and today’s guest is one of the world’s foremost experts on using the 80/20 rule in business! Today’s guest is Perry Marshall, author of 80/20 Sales and Marketing: The Definitive Guide to Working Less and Making MoreE, and on today’s fascinating show, Perry dives into how to use this principle to work less and achieve more. And don’t miss the fascinating discussion on how to make $10,000 an hour; if you’ve never heard this concept before, it’s about to blow your mind (and business) into the stratosphere!

In This Episode We Cover:

Perry’s background and how he got into marketing
How he stumbled upon the 80/20 principle
Why it’s alright to let go of tenants causing you issues
The 80/20 inside the 80/20
How this affects investors with rental properties
What we can learn from the “principle of the 2700 espresso machine“
The most important thing in direct mail marketing
The 5 qualifiers you should know when selling
What to consider about the concept of retargeting
How to handle a bad response rate
A tip to help you make $10,000 an hour
Why you should say no to a lot more things
How to differentiate the $10 an hour job from the $10,000 an hour job
And SO much more!

Links from the Show

Books Mentioned in this Show

80/20 Sales and Marketing by Perry Marshall
Ultimate Guide to Google AdWords by Perry Marshall
Ultimate Guide to Facebook Advertising by Perry Marshall
The 80/20 Principle by Richard Koch
The Star Principle by Richard Koch
The Book of Proverbs

Tweetable Topics:

“80/20 is everywhere.” (Tweet This!)
“We can fix so many problems by doing so little.” (Tweet This!)
“Half of what you are doing right now you shouldn’t be doing.” (Tweet This!)

Connect with Perry

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216: Buying 150 Houses and Experiencing a Financial Meltdown with Damion Lupo Mar 02, 2017

Show notes

On today’s episode of The BiggerPockets Podcast, we’re pumped to introduce you to Damion Lupo, an experienced real estate investor and hard money lender who has seen it all in real estate—both the good and bad! You’ll learn how it was Damion’s naiveté that led to his early success (and why naiveté matters), as well as the traits that helped Damion build up an incredibly successful cash-flowing business. And don’t miss Damion’s story of the murdered security guard or his golden answers to the question, “How do you get a lender to say yes?”

In This Episode We Cover:

Damion’s first deal that he financed with his Visa card
How you can be naive and still make it
A discussion on whether it’s harder to find deals nowadays
What you should know about driving for dollars
The deals he has done so far
The murdered guard story
Why he wants to be the bank
What exactly a lease option is
How he structures his partnership
A discussion on whether people should get an LLC or not
Damion’s view on cash flow
What he did to get through the downturn in 2008
Advice for those who want to be hard money lenders
Tips for convincing a hard money lender
What’s next for Damion
And SO much more!

Links from the Show

Visit Path to Purchase on your Biggerpockets Dashboard
BiggerPockets Events
BiggerPockets Forums
Pet Food
Meetup.com
Incorporate
The Profit with Marcus Lemonis

Books Mentioned in this Show

Rich Dad Poor Dad by Robert T. Kiyosaki
The Success Principles by Jack Canfield
Abundance by Peter Diamandis and Steven Kotler
Rich Dad’s Cashflow Quadrant by Robert T. Kiyosaki
Mastery by George Leonard

Tweetable Topics:

“With real estate, there was this unlimited potential that is really only limited by me and my thinking.” (Tweet This!)
“You can create massive financial wealth with real estate with an 8th grade education. Really, it’s up to you.” (Tweet This!)
“People don’t realize the laws of selling. You don’t close deals on your first time.” (Tweet This!)
“The way you do anything is the way you do everything.” (Tweet This!)
“The worst teacher is success.” (Tweet This!)

Connect with Damion

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215: Condo Conversions, Student Rentals, and Profiting in a Hot Market with Ricky Beliveau Feb 23, 2017

Show notes

Boston is a tough market. Prices are high, but even high rents aren’t enough to make it profitable to invest. Ricky Beliveau makes money by renting to students, converting small multifamily buildings into condos (it’s easier than you think!), and transitioning unused space into more bedrooms to add massive value.

In This Episode We Cover:

How Ricky started by borrowing money from his mom
Thoughts on buying an expensive property in an expensive market
How he got 4 signers and co-signers per unit
Tips for finding a property manager
The upsides to having a college rental
How he achieves next to zero vacancies
How he tenant-proofs his rentals
The value of his property today
The details of his next deals
How to find these gems of properties
What a condo conversion is
The average cost for condo conversion with an attorney
How he sets the HOA up
How to tell if a property is good for conversion
Thoughts on keeping a day job while investing
How to find reliable contractors
What’s next for Ricky
And SO much more!

Links from the Show

Books Mentioned in this Show

Flipping Confidential by Kirsten Kemp

Tweetable Topics:

“Let the experts do what they do well, and you can do what you do well.” (Tweet This!)
“If a property has a major foundation issue, your profits can just disappear.” (Tweet This!)
“Don’t say ‘I can’t.’ Instead, figure out a way to do it.” (Tweet This!)

Connect with Ricky

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214: Building a $30M Fund to Invest in Real Estate with Joel Sherlock Feb 16, 2017

Show notes

Some investors buy a single house. Some buy a small multifamily. But today on The BiggerPockets Podcast, we sit down with someone who jumped into real estate in a much bigger way! Joel Sherlock is an investor from Canada who put together a $30 million dollar fund to buy real estate in America. You’ll learn why he went this route and how you can follow a similar strategy in your own business. You’ll also learn about Joel’s entrance into the world of commercial real estate, including the pros and cons of that niche.

In This Episode We Cover:

How Joel started real estate back in college
Why he eventually moved his investing in Canada to America
How he was able to come up with $32 million in funds
What a “hurdle rate” is
Why he considers his model to be conservative
The kind of properties he’s buying
Why he chose Scottsdale
Innovative strategies for finding deals
How he “trades deals“
How to get fixed-priced bids from contractors
Why he’s made the move to commercial real estate
Why people avoid commercial real estate
How to evaluate strip malls
Tips for analyzing commercial deals
Future plans for his business
And SO much more!

Links from the Show

Books Mentioned in this Show

The Millionaire Real Estate Agent by Gary Keller
Shiftby Gary Keller
Think and Grow Rich by Napoleon Hill
The Saint, the Surfer, and the CEO by Robin Sharma

Tweetable Topics:

“It’s exactly the same thing, there is just more zeroes.” (Tweet This!)
“In the real estate sales world, as soon as you stop selling, you stop stop making money.” (Tweet This!)
“Getting started is the key. You don’t have to be great to start but you have to start to be great.” (Tweet This!)

Connect with Joel

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