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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:

213: Investing in Real Estate without Being a Landlord with Noah Kagan Feb 09, 2017

Show notes

If there is one thing you can know for sure by listening to the BiggerPockets Podcast, it’s this: There are a LOT of ways to invest in real estate! That’s why we’re excited to bring you today’s interview with Noah Kagan, who invests in a different way than most of the guests we’ve had on the show. Noah currently runs several very successful internet businesses (SumoMe and AppSumo) and knew he didn’t want to be a landlord; Noah knows his best return is made in his business. Therefore, he devised his investing strategy around NOT being the landlord. Noah is a wealth of information and one of the most motivating humans we’ve ever met. So sit back and enjoy today’s episode with Noah!

In This Episode We Cover:

Who Noah Kagan is and how he got into real estate investing
What keeps newbies from buying their first investment properties
The ROI of other businesses as compared to real estate investing
A discussion on the 1% rule
Thoughts on whether a commercial property is a good first investment
Why you should find experienced real estate investors in your area
Tips for growing your capital
How Noah finances his deals
What you should know about asking other people for money or syndication
Why you should stop apologizing for being successful
How to grow your network
When should you stop learning and start doing
The importance of knowing where do you want to be in 5 years
Why you should visualize the destination
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on Investing with Low or No Money Downby Brandon Turner
The Miracle Morningby Hal Elrod
The Obstacle Is the Way by Ryan Holiday
The Ultimate Sales Machine by Chet Holmes
Confessions of a Real Estate Entrepreneur by James Randel

Tweetable Topics:

“It took me 10 years to actually be ready, not financially but mentally, to make that decision, to make that purchase.” (Tweet This!)
“The best deals happen off-market.” (Tweet This!)
“I think the trait of a successful person is resourcefulness.” (Tweet This!)
“If you want to find someone else to help you, you have to help someone else.” (Tweet This!)

Connect with Noah

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212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray Feb 02, 2017

Show notes

How much does it cost to buy a large apartment complex? Millions? Think again! On today’s episode of The BiggerPockets Podcast, we’re excited to welcome back Brian Murray to the show. Brian, who was last seen on episode 126, has done some pretty amazing things over the past several years — including purchasing a 115-unit property that cost him nothing out of pocket (and, in fact, he walked out of closing with a massive check!). Whether you are looking to buy one house or a 100-unit property, this podcast will inform, motivate, and inspire you to massive action.

In This Episode We Cover:

What Brian has been doing since his last episode
The definition of “value-add” in real estate
Different ways to add value to a property
The story of how he turned an old motel into studio apartments
How Brian gets his tenants and the kinds of screening he uses
Why he focuses on keeping rents low
The location of these rentals
Why you should consider the “transient work force”
Details on how he got this deal
A discussion on raising money and working with partners
Tips for finding properties
How to handle agents and brokers
The story of the 115-unit Section 8 apartment complex
How a HUD contract crushed him
Whether you should consider managing a HUD property or not
How Brian sold the property for $3.2 million
His advice for aspiring investors
And SO much more!

Links from the Show

Books Mentioned in this Show

Crushing It in Apartments and Commercial Real Estate by Brian H Murray
The Book on Rental Property Investing by Brandon Turner
The Obstacle Is the Way by Ryan Holiday

Tweetable Topics:

“It’s about the journey and I definitely don’t want to feel that I’m lock into something, like some arbitrary number.” (Tweet This!)
“You don’t want to take on more debt than you can handle.” (Tweet This!)
“If somebody says no, don’t give up. Try somebody else. Keep trying.” (Tweet This!)

Connect with Brian

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211: Investing in Out-of-State Rentals and Notes with Bob Malecki Jan 26, 2017

Show notes

What’s the best way to invest in real estate when the numbers don’t make sense in your backyard? Today on the BiggerPockets Podcast, we sit down with Bob Malecki, a real estate investor who started by purchasing local rental properties but quickly shifted gears into two other niches: out of state rentals and mortgage notes. In this episode, Bob explains why he chose to make the switch and walks listeners through the step-by-step process for getting started investing outside your backyard!

In This Episode We Cover:

How Bob got started in real estate
What a ROTH IRA is
What to do when you’ve got a chunk of money to invest
How to choose the right turnkey company
Thoughts on using leverage to acquire properties
Why he decided to transition to notes
What exactly non-performing notes are
A discussion on notes vs. rentals
The risks of investing in notes
What you should know about due diligence
Where to find notes to invest in
The value of building relationships
What the future looks like for Bob
And SO much more!

Links from the Show

BiggerPockets Forums
Sunwest Trust Inc.
Notes funds for individual investors. What are the best players? (Forum Post)
Tax, Legal Issues, Contracts, Self-Directed IRA (Forum Category)
MemphiesInvest
RealtyTrac
WeGoLook

Books Mentioned in this Show

Rich Dad Poor Dad by Robert T. Kiyosaki
Equity Happens by by Robert Helms & Russell Gray
The Magic of Thinking Big by David J. Schwartz
Secrets of the Millionaire Mind by T. Harv Eker

Tweetable Topics:

“Nothing in the world is guaranteed.” (Tweet This!)
“Assume nothing and document everything.” (Tweet This!)
“If you don’t take actions, you can’t take a risk and you won’t make mistakes. Mistakes are necessary.” (Tweet This!)

Connect with Bob

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210: My First Deal Changed My Life! A Newbie Show with Sunny, SunMarie, and Sam Jan 19, 2017

Show notes

Can a single real estate deal change your life? Definitely! That’s the topic on today’s “newbie episode” of the BiggerPockets Podcast, where we sit down for several interviews with real estate investors who have just purchased their first deal. In the first interview, you’ll hear how Sunny and SunMarie Burnsused a fantastic “house hack” to invest in an extremely high-priced area. In the second interview, you’ll hear how Sam Valme was able to house-hack his home into a vacation rental that throws off massive cash flow each month. These stories are incredibly inspiring and full of tips that can help new AND experienced investors achieve more in their business!

In This Episode We Cover:

Sunny and SunMarie’s Segment:

How Sunny got hooked to the podcast
Why you should consider buying a fourplex as a first property
How to find these deals
Thoughts on the competitiveness of the real estate market
How to use house hacking to earn extra cash
Why you should always look out for holding costs
How real estate helped Sunny and his family

Sam’s Segment:

How his mom unknowingly gave him a ticket to real estate investing
How he turned the basement into a rental unit
Tips for making the financing work on a deal like this
Why he used an FHA 203K for financing
The benefits of using Airbnb to rent your property
How to price Airbnb rentals the right way
How to use electronic locks and automate the process
His worst tenant experience ever
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert T. Kiyosaki
The ABCs of Real Estate Investing by Ken McElroy
The Millionaire Real Estate Investor by Gary Keller
The E-Myth Revisited by Michael E. Gerber
Outwitting the Devil by Napoleon Hill
The ONE Thing by Gary Keller and Jay Papasan
The Book on Managing Rental Properties by Brandon and Heather Turner

Tweetable Topics:

“House hack and get your tenants to pay your rent, mortgage, and taxes.” (Tweet This!)
“Hard work just isn’t enough. You need to figure out the why.” (Tweet This!)
“Imagine your perfect day and then, work backwards from there.” (Tweet This!)
“It’s better to fail 50 times trying to figure out what you want to do than to sit back for an entire year thinking about it.” (Tweet This!)

Connect with Sunny

Connect with Sam

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209: Flipping 83 Homes in the Last 18 Months with Kevin Carroll Jan 12, 2017

Show notes

Is small thinking holding you back? Not after this episode! Today on the BiggerPockets Podcast, Josh and Brandon talk with Kevin Carroll, a real estate investor who decided 18 months ago that he wanted to start flipping houses… and has done 83 flips in the past year and a half! Perhaps most impressively, Kevin did most of these flips out of state utilizing strategic partnerships — a strategy that just might change the way you think about real estate forever. Sit back and prepare to have your mindset expanded and let “big thinking” take over.

In This Episode We Cover:

How Kevin went from a straw-built house to flipping 1,000 houses
What a bank-owned product is
How he built a system that works
What you should know about probates
How to think like an investor instead of an agent
Things that could screw up a deal
The two components that make a deal successful
Why you should consider holding costs
Buying properties offsite
Insight on quality control and scaling the business
How to stay ahead of the flip
Why he partners with real estate agents
Why his partners need him
His favorite deals and why
The bad deals he’s encountered
Thinking big when it comes to setting targets
Who your friends are so important
And SO much more!

Links from the Show

Path to Purchase (visit your dashboard)
BiggerPockets Forums
Gobundance

Books Mentioned in this Show

The Real Book of Real Estate by Robert Kiyosaki
The Millionaire Real Estate Agent by Gary Keller
The Millionaire Real Estate Investor by Gary Keller
The E-Myth Revisited by Michael E. Gerber
MONEY Master the Game by Tony Robbins
A Journey to Financial Independence by Kevin Carroll

Tweetable Topics:

“Everything is based on relationships.” (Tweet This!)
“I’d rather spend $2,000 more and get the flip done a week sooner.” (Tweet This!)
“One of the important things you can do for a contractor is to pay them immediately.” (Tweet This!)
“Who you hang out with will dictate your level of income, your level of success.” (Tweet This!)

Connect with Kevin

Kevin’s BiggerPockets Profile
Kevin’s Website (with his spreadsheet)

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208: Buying 41 Units on Your First Deal + Mobile Home Park Investing with Jack Baczek Jan 05, 2017

Show notes

Most people begin their real estate investing with a small single family purchase. Some even start with a duplex or triplex. But today’s guest on the BiggerPockets Podcast skipped the intro phase and jumped right into a 41-unit property early in his 20s! Today, you’ll learn how Jack Baczek used a strategy not before mentioned on the podcast to invest in 41 units, as well as his transition to mobile home park investing (and why that niche ROCKS). Jack’s story is truly inspirational, and you’ll walk away from this interview inspired, entertained, and pumped up to take massive action on your own business!

In This Episode We Cover:

How Jack got started with real estate
How he stumbled upon what ended up his first deal at age 21
What exactly a fractured condo is
How he found his first deal of 21 units
How he financed this huge deal
A warning against hiring the wrong property manager
How having parents who invest in real estate affected him
Why he sold the 41-unit property
Why he made the shift to mobile home parks
What a mobile home park deal looks like
Reasons to invest in mobile home parks
The changes he made to the park to make it rent-ready
Why there’s a bad stigma on mobile parks
Why Jack fell in love with direct mail marketing
The downsides of owning a mobile home park
Where is he now in terms of scaling his business
What an assignment fee is
Tips for trying to read the market
What the next five years look like for Jack
And SO much more!

Links from the Show

Books Mentioned in this Show

Emerging Real Estate Markets by David Lindahl
30 Days of Successful Due Diligence on Mobile Home Parks by Frank Rolfe & Dave Reynolds
The Intelligent Investor by Benjamin Graham

Tweetable Topics:

“I think having a good market is really important.” (Tweet This!)
“I think it’s important to really focus on good deals with value add and upside.” (Tweet This!)
“If you get a mediocre deal, chances are it could go sour. I’d rather try and find something that looks really promising.” (Tweet This!)

Connect with Jack

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207: How to Achieve Greater Success by Doing Less with Devin Elder Dec 29, 2016

Show notes

Real estate investors wear a lot of hats, especially in the beginning: contractor, bookkeeper, receptionist, and more. But if you truly want to grow your business, you must do LESS. At least, that’s the message you’ll hear today on The BiggerPockets Podcast, where Josh and Brandon sit down with real estate investor Devin Elder about how he’s been able to scale his business by doing fewer and fewer tasks. You’ll learn how he went from a single family rental in 2012 to buying multiple properties each month. We cover the topic of BRRRR investing, fix and flipping, using private lenders, getting started with no money, and lots more. Stay tuned for this powerful episode!

In This Episode We Cover:

How Devin got started into real estate
How he got a mentor to help him get his first deal
What exactly equity capture is
Why the BRRRR strategy is so nice
Thoughts on his market, San Antonio
Devin’s main focus as a real estate investor
How his business works
The importance of creating systems and not doing things you don’t enjoy
Why you shouldn’t reinvent the wheel
How he decides if he flips, holds, or wholesales a property
How he finds his deals
How to figure out if someone is fudging the numbers
The mechanics of his marketing
The story of a deal that went wrong
What makes him proud about how he does business
The name that comes to mind if he heard the word “inspiration“
What the future looks like for Devin
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on Rental Property Investing by Brandon Turner
The Book on Flipping Housesby J. Scott
Investing with No or Low Money Down by Brandon Turner
The Book on Tax Strategies by Amanda Han
80/20 Sales and Marketing by Perry Marshall
Rich Dad Poor Dad by Robert Kiyosaki
The Millionaire Real Estate Investor by Gary Keller
Elon Musk by Ashlee Vance

Tweetable Topics:

“Rental income wasn’t making me wealthy, but it was paying my bills.” (Tweet This!)
“It’s about creating systems, getting software, and not spending time on activities that you don’t enjoy.” (Tweet This!)
“Nothing happens without some revenue.” (Tweet This!)
“Use your hustle to create some kind of value and then from there take the next best step.” (Tweet This!)

Connect with Devin

Devin’s BiggerPockets Profile
Devin’s Website
Devin’s Company Website – We buy houses San Antonio

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206: Taking Massive Action to Do 20+ Deals in Two Years with Joe England Dec 22, 2016

Show notes

Two years ago, Joe England was just a full-time military guy, dreaming about financial freedom. Now, he’s done over 20 deals and is taking massive action to create an incredible future for himself. On this episode of the BiggerPockets Podcast, we dive deep into Joe’s story and learn how taking massive action has helped him build his portfolio — despite being deployed overseas the majority of the time.

In This Episode We Cover:

How Joe learned about real estate from infomercials and BiggerPockets
Why he needs power of attorney
Important books he’s read
How he started investing while still deployed in Iraq
How he landed 22 properties in just 10 months
What exactly a rent-ready property is
What kind of properties he invests in
How he finances these deals
Joe’s end goal and his “why”
The state of the real estate market in Baltimore
How to NOT be a slumlord
How he manages his properties
His experiences with bad property managers
How to find properties on the MLS and Zillow
The strategy of putting an offer on everything he sees
His advice for the military
And SO much more!

Links from the Show

Books Mentioned in this Show

BiggerPockets Ultimate Beginner’s Guide to Real Estate Investing
The Book on Rental Property Investing by Brandon Turner
The Book on Flipping Housesby J. Scott
Investing with No or Low Money Down by Brandon Turner
The 10X Rule by Grant Cardone
Ego Is the Enemy by Ryan Holiday
The One Thing by Gary Keller

Tweetable Topics:

“When doing an offer, if you are not embarrassed by your offer, it’s too high.” (Tweet This!)
“Real estate is kinda like an accidental pregnancy. At the end of the day, you’ll figure it out.” (Tweet This!)
“You can measure success by creating new problems.” (Tweet This!)

Connect with Joseph

Joseph’s BiggerPockets Profile
Email Joseph

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205: Snowballing from Single Family Houses to Apartment Complexes with Jered Sturm Dec 15, 2016

Show notes

How does one transition from doing simple houses to more complex deals? That’s the topic on today’s episode of the BiggerPockets Podcast, where we sit down once again with Jered Sturm, a real estate investor from the Midwest who’s made the transition from doing all his own work on single family houses to purchasing larger properties. In this episode, we dig in deep on the purchase of his newest 42-unit apartment complex and the unique “value-add” ideas he discovered that made this property a home run!

In This Episode We Cover:

A quick recap on how Jered got started in this game
What market is he in and how it changed over the last couple of years
Why he moved his investing from Cincinnati to Atlanta
How he uses partnerships to manage different markets
Tips for funding using other people’s money
The goal that led to using syndication
Self-fulfillment rather than just buying more
The importance of figuring out your “why“
How he has the discipline to not spend their quadrupled income
Why you should separate out the “business income”
How he found his 42-unit apartment complex
Tips on managing cold calling
What criteria was he looking for
The advantages of having dedicated water lines for the units
The beauty of adding value to properties
What exactly a resident manager is
Why building structures made the difference in their business
How he financed this multifamily deal
Using the BRRRR strategy on large multifamily
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on Rental Property Investing by Brandon Turner
The Book on Managing Rental Propertiesby Brandon Turner and Heather Turner
Traction by Gino Wickman
E-Myth Revisited by Michael E. Gerber

Tweetable Topics:

“Self fulfillment is how can you be the best you can be while also helping others be the best they can be.” (Tweet This!)
“We’ve over prepared for the future, and even though we’re still pretty small, we’re running like a large company.” (Tweet This!)
“Management makes or break the investment.” (Tweet This!)

Connect with Jered

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204: Flipping 30+ Deals by Age Twenty-Five with Chris Gill Dec 08, 2016

Show notes

Today on the BiggerPockets Podcast, you’ll hear from Chris Gill, a real estate investor in the San Antonio market who has only been investing for three years but has already done over 30 deals — mostly fix and flips. On this episode, we walk through Chris’s unique journey, including his initial four-plex rental property and his path toward flipping “the worst houses in the area.” And don’t miss Chris’s fantastic tip for finding deals that no one on the BiggerPockets Podcast has mentioned yet!

In This Episode We Cover:

How he transitioned from film to real estate
Whether or not you should get your real estate license
What Chris’s first deal looked like
The things he wished he knew before he started investing
Why properly screening tenants is vital
Tips for creating a great team
How he manages his properties
How he does his bookkeeping
Tips for transitioning to house flipping
His criteria for finding deals
How he estimates his rehabs
Tips for evaluating a house to rehab
How he funds his deals
What he’s doing on the development side of real estate
What’s unique about the San Antonio market
How to find the sweet spot between too much and too little improvement
What his end game looks like
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad’s Advisors: The Advanced Guide to Real Estate Investing by Ken McElroy
Rich Dad Poor Dadby Robert Kiyosaki
The Book on Flipping Houses by J. Scott
The Everything Store: Jeff Bezos and the Age of Amazon By Brad Stone
The Snowball: Warren Buffett and the Business of Life by Alice Schroeder

Tweetable Topics:

“If you want scalability, if you want to go anywhere else, you have to find something that allows you that.” (Tweet This!)
“Just because you’re not good at something does not mean it’s not important.” (Tweet This!)
“Be aware of overanalyzing stuff because that will happen forever if you allow it.” (Tweet This!)
“Becoming comfortable with the unknown is huge, and I think in real estate that’s absolutely the case.” (Tweet This!)

Connect with Chris

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