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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:

203: Finding Deals, Funding, Contractors, and Mentors with Matt and Liz Faircloth Dec 01, 2016

Show notes

When learning how to invest in real estate successfully, most people struggle finding four things: mentors, contractors, deals, and funding. That’s why today we’re excited to bring back Matt and Liz Faircloth onto The BiggerPockets Podcast to talk about how they find each of these! Matt and Liz (who were on episode 88) join us today as we dive deep into solving many of the problems that new investors struggle with. They also share the difficult story of how they recently shut down a major arm of their business and why it was the best move for them. Finally, Matt and Liz delve into the recent purchase of their 49-unit apartment building, offering some unique tips that will help you find and fund your next big deal!

In This Episode We Cover:

A recap of who Matt and Liz are
Why they purchase a combination of flips and rentals
What their “why” for investing in real estate is
How many deals they look at
A discussion on paying someone by the hour vs. by the job
The do’s and don’ts of finding partners through BP
How to “scale back“
How to find good, quality contractors
Tips for dealing with bad contractors
How they got into rental units
The details of their 49-unit apartment complex
How they were able to finance a $3.4 million deal
A tip for finding property managers
Why they give away flat screen TVs each year to their tenants
And SO much more!

Links from the Show

Books Mentioned in this Show

The 4-Hour Workweekby Timothy Ferriss
Rich Dad Poor Dadby Robert Kiyosaki
The Book on Flipping Houses by J. Scott
The 10x Rule by Grant Cardone
Rich Dad’s Advisors: OPM by Michael A. Lechter & Robert Kiyosaki
Down To Earth Landlording by Donald Beck
Scaling Up by Verne Harnish
As a Man Thinketh by James Allen

Tweetable Topics:

“You’ve got to have a really solid ‘why.’” (Tweet This!)
“Sometimes you need to step back and ask yourself, ‘What am I really good at?'” (Tweet This!)
“If you got a good horse, keep running with it.” (Tweet This!)
“What you think is who you are.” (Tweet This!)

Connect with Matt & Liz

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202: Escaping the Rat Race Through Rental Properties with Mark Walker Nov 24, 2016

Show notes

Most people dream of getting out of the “rat race,” quitting their day job, and living on passive income sources. However, usually that’s just wishful thinking. But today, we’re excited to introduce you to a real estate investor who did just that using rental properties, and he explains just how he did it. You’ll learn how our guest, Mark Walker, used single family houses at first to begin building his portfolio, and how his passive income really took off when he switched to multifamily. And you’ll love the in-depth discussion on exactly how he acquired his 64-unit apartment building!

In This Episode We Cover:

How Mark got started with a duplex that yielded a 36.5% cash on cash return
Tips for shifting from developments to rentals
Why he doesn’t want anything to do with property management
Why it’s a matter of finding the right financing
The basics to know about amortization and cash and cash return
How to partner with the right people along the way
How he finances his deals
How he structures his partnerships
The difference between conventional and commercial loans
How he ended up partnering on a deal with a property manager
How he knew that it was the right time to quit his job
Tips on job shadowing someone with great experience
Details on his 64-unit deal
What you should know about syndication
How much time he is spending on his business
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki
Best Real Estate Investing Advice Ever by Joe Fairless

Tweetable Topics:

“I’m the guy who likes to say yes. I don’t like saying no. I let somebody else do that for me.” (Tweet This!)
“It’s been a pleasant surprise for a multifamily owner. Once you get that property stabilized, it can go to autopilot.” (Tweet This!)
“Never stop learning. Learning leads to action, and action leads to success.” (Tweet This!)
“Do your first deal and learn from it. Ask yourself what’s working, what’s not working, and what can improve.” (Tweet This!)

Connect with Mark

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201: Flipping 100+ "Zombie" Houses with Justin Stamper Nov 17, 2016

Show notes

Dead “zombie” houses are everywhere — just waiting for you to bring them back to life if you are willing to take the risk! That’s the story we dive deep into today on the BiggerPockets Podcast when we sit down with reality TV star Justin Stamper, a real estate investor from the Orlando, FL market who has a fascinating and inspiring story of rising up from near financial ruin to become one of the most prolific investors in his market. You’ll learn how his “punk rock” attitude has given him a unique perspective on his investing and how he has been able to flip over 100 “zombie” homes (and wholesale over 200 other deals!) in the past several years. After listening to this show, you’ll be inspired, motivated, and educated enough to tackle your next zombie house!

In This Episode We Cover:

What is “zombie” house flipping and how does Justin do it?
The merits of buying really gross dilapidated properties
How Justin got into real estate
Why he starting by buying at auction
What motivated him to start in real estate despite having lost a house
How the recession affected families, especially in Orlando
How Justin renovates one to two houses a week via the courthouse
How to use a hedge fund to get a line of credit
A unique strategy to help people regain their houses
How to grow by helping people
Details on buying via auctions
Things to take note of before buying an auctioned property
How many renovations has he done
What it is like buying a “suicide house“
The properties that he doesn’t renovate
How he’s finding deals in his market
And SO much more!

Links from the Show

BiggerPockets’ Youtube Channel (don”t forget to subscribe!)
BiggerPockets Videos
Ken Corsini’s Show ‘Flipping the South’
Ken Corsini’s BP Profile
BP Podcast 089: From High School Dropout to 300+ Real Estate Deals with Engelo Rumora

Books Mentioned in this Show

The Book on Flipping Houses by J. Scott
The Book on Investing with Low or No Money Downby Brandon Turner

Tweetable Topics:

“Now it’s time to fight the good fight.” (Tweet This!)
“If you want the deals, you got to hustle.” (Tweet This!)
“America rewards the persistent.” (Tweet This!)

Connect with Justin

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200: A Step-by-Step Guide to Buying Your First Real Estate Investment Nov 10, 2016

Show notes

Welcome to the BiggerPockets Podcast show 200! We wanted to create a show that we could point people to in the future as an ultimate resource for building their real estate investment business. If you are new, this will give you a step-by-step plan. If you are experienced, it will help you systematize your business better and pick up new ideas to streamline how you buy properties. These tips were obtained from the community in a recent Forum thread Josh started.

In This Episode We Cover:

Commit
Gain Knowledge
Get Your Life in Order
Decide on What You Want With Your life
Decide What Niche/Strategy is Going to Get You There
Set Your Goal(s)
Choose Your Farm Location
Figure Out Your Financing
Get Your Core Team Together
Start Looking for Deals
Estimate Rehab Budget
Run the Numbers
Review Your Numbers With Someone
Make the Offer
Negotiate and Get It Under Contract
Manage the Due Diligence Process
Keep Yourself Organized
Buy the Property
Manage the Property or Rehab
Stick Close to BiggerPockets for Every Step of This process

Connect with Brandon and Josh

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199: 25 Doors by Age 25 with Houssein Al-Eidan Nov 03, 2016

Show notes

Real estate investing is no longer just for older generations! Today on the BiggerPockets Podcast, we sit down with Houssein Al-Eidan, an accountant from the St Louis area who has purchased 25 rental units — and he’s just turning 25 years old this month! You’ll hear Houssein’s unique strategy of buying lower-price properties (many from auctions) and using a variety of strategies to increase his returns (including AirBnB and even leaving some properties vacant!). This show is bound to leave you inspired to expand your own real estate portfolio — no matter what age you are.

In This Episode We Cover:

How Houssein found BiggerPockets
How he relocated from Kuwait to St. Louis (and why)
How he discovered real estate through TV shows
What his first deal was like
How he dealt with a complicated foreclosed property with an existing tenant
The total number of deals he’ve done so far in the past year
How his numbers look for his condo units
What his game plan is after buying so much property
How he funds these properties through seller financing
The importance of understanding the seller’s motivation
Tips on Airbnb properties
How be built a team for delegation
A word of caution in this type of investing
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 Effortless Empire by Chris Gray
How to Win Friends & Influence People by Dale Carnegie

Tweetable Topics:

“The first purchase may not be always be the best.” (Tweet This!)
“Once you understand the seller’s motivation, from there you can customize a plan.” (Tweet This!)

Connect with Houssein

Houssein’s BiggerPockets Profile

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198: Financial Freedom Through Small Multifamily Rentals with Eric Bowlin Oct 27, 2016

Show notes

How many rental units does it take to achieve “financial freedom?” Maybe not as many as you think! That’s the topic on today’s episode, where Josh and Brandon sit down to talk with Eric Bowlin, a real estate investor who achieved financial freedom at the age of 30, largely using the “BRRRR” strategy to finance his deals. Eric owns fewer than 30 units but was able to “retire” off the cash flow — and today, you’ll learn just how he did it (and how you can do the same). You’ll also love his tips on how to find great deals on the MLS and how to manage your properties — even if you don’t live close by. Be sure to take some notes on this one — you are going to need them!

In This Episode We Cover:

How Eric started accidentally in real estate
His epiphany moment!
What it’s like earning overseas
Things that cost him money on his early flips
A note on dealing with contractors
Why every market is unique
How he put together his team
Tips for finding contractors
How many units he has now
How to systematize your business
Using the BRRRR strategy
How he finds his deals
How to tell if a property has tenant problems
His best deal ever
His most recent multifamily property
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad, Poor Dad by Robert Kiyosaki
The Successful Landlord by Maribeth Perry
The Psychology of Selling by Brian Tracy

Tweetable Topics:

“I just realized, I wanted people coming to me to pay me versus me trying to get money for somebody else.” (Tweet This!)
“I didn’t know about financial independence when I first got started.” (Tweet This!)
“A person only earns plus or minus 10% of what they think they’re worth.” (Tweet This!)

Connect with Eric

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197: Starting with $10k and Buying 52 Units in 3 Years with Chris Heeren Oct 20, 2016

Show notes

Get ready to be inspired, amazed, and blown away with today’s BiggerPockets episode! Today on the show we’re sitting down with Chris Heeren, a real estate investor from Wisconsin who’s absolutely crushing it with his rental property investing. In just the past three years, Chris has built a massive portfolio of houses and small multifamily properties — and he did it with just over $10,000 to start AND while working full-time. Packed with tips, stories, and incredible advice, this show will completely revolutionize the way you run your real estate business forever and prove — once and for all — that anyone can succeed no matter their situation. Listen up!

In This Episode We Cover:

Who exactly Chris is
How be obtained 52 units in 3 years
The story behind his first duplex
Tips for using the BRRRR strategy
How he found ways to fund his deals
The process he used to create teams to help his investing
Quick tips for being persistent
How to counter-offer
How he finds and offers on deals via the MLS
Advice for buying properties while working a full-time job
His average purchase price
How he uses direct mail marketing
How to find great property managers
Chris’s $8,000 mistake
What the next 6 months look like for him
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad, Poor Dad by Robert Kiyosaki
Landlording on Auto-Pilot by Mike Butler
The E-Myth Revisited by Michael E. Gerber
Getting Things Done by David Allen

Tweetable Topics:

“There’s always a way. You just have to be determined, be motivated, and not give up.” (Tweet This!)
“I’d rather have half of the deals out there than none of the deals because I didn’t start.” (Tweet This!)
“If you don’t learn from your mistakes, you’ll never grow in the future.” (Tweet This!)

Connect with Chris

Chris’ BiggerPockets Profile

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196: LLCs, House Hacking, and Saving on Taxes with Brandon Hall Oct 13, 2016

Show notes

What has five letters but causes so much fear that millions of wannabe investors never get started? That’s right: TAXES. But taxes don’t need to be scary — and understanding and utilizing the tax system can actually help grow your business and help you build incredible wealth. That’s why we’re excited today to sit down with Brandon Hall, a CPA and real estate investor who works exclusively with real estate investors to help them strategize and organize their business in the most cost-saving way possible. We cover Brandon’s real estate journey, including house hacking, LLCs, S-Corps, bookkeeping, and so much more. You’ll love Brandon’s engaging and entertaining personality, and for once in your life, you might even enjoy learning about taxes!

In This Episode We Cover:

How Brandon realized the need for a CPA through the BP community
How he grew his firm through the BiggerPockets Forums
The importance of giving value to others
The details on his three-unit property
Tips for hiring a “leverage property manager”
How to find investors in your community
The details on his second triplex
Why he focuses on multifamily
How he funds his deals through FHA loans
The way he looks at PMI
A mistake he is guilty of when it comes to inherited tenants
Training your tenants and other management hacks
The tax benefits of house hacking
Mistakes he’s made in his real estate investing
Tips for finding a good CPA
Advice for those deciding whether to use an LLC or not
What you should know about LLCs
Things to know about the “real estate professional” tax designation
When to hire a bookkeeper
Common mistakes investors make with taxes
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland
The Book on Managing Rental Propertiesby Brandon and Heather Turner
What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli
It’s Not Rocket Science by Dave Anderson

Tweetable Topics:

“Don’t try to sell yourself. Let your content sell yourself.” (Tweet This!)
“You as the business owner should not be in the bookkeeping.” (Tweet This!)
“The ongoing tax strategy throughout the year, that’s the time to save money.” (Tweet This!)

Connect with Brandon

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195: Financing College Rentals & Mobile Home Parks Using Remarkable Creativity with Rudy Curtler Oct 06, 2016

Show notes

Trying to build a real estate empire while working a full-time job can be tough, which is why many people decide to use a partner to maximize their results. That’s the story on today’s episode of the BiggerPockets Podcast, where we sit down with Rudy Curtler to talk about how he is building a portfolio of college rentals and mobile home parks utilizing a partner. You’ll learn how (and why) Rudy is building his portfolio hundreds of miles from his home, the incredible benefits of investing in mobile home parks (“6x better than houses” according to Rudy), and how he’s able to put together the financing on deals using remarkable creativity!

In This Episode We Cover:

How Rudy got started with real estate investing
How he transitioned from “interested” to “committed“
His first investment
What makes a college rental different?
How many single family homes he has
What a suite equity partner is
Tips for those who wanted to start in the college rental niche
His view on working with family
The difference between investing in mobile home parks and mobile homes
The details on his mobile home park
How much he rents his mobile homes for
Tips on renting out RV pads
Why you may want to consider investing in mobile home parks
How he manages his properties
Thoughts on getting a mobile home dealer license
How to get a mind for creative finance
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland
Rich Dad Poor Dad by Robert Kiyosaki
Think and Grow Rich by Napoleon Hill
The Millionaire Fastlane by MJ DeMarco

Tweetable Topics:

“I think there is a big difference between somebody who’s just interested versus someone who’s committed.” (Tweet This!)
“Mobile home parks are another way for us to grow and find the exponential growth potential that’s there.” (Tweet This!)
“I didn’t want to stop. We want to keep growing, so we found a way to do it.” (Tweet This!)

Connect with Rudy

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194: Achieving Impressive Spreads Through High-End Flips with Justin Silverio Sep 29, 2016

Show notes

Is your ultimate goal to increase the spreads of your investments to the point where you can comfortably quit your job? Tune in for a conversation withJustin Silverio, an investor who successfully made the switch to full-time real estate entrepreneur and who is now focusing on the niche of higher-end rehabs. For tips on deal evaluation, how to find contractors for your particular project, and direct mail strategies, don’t miss this inspiring episode of the BiggerPockets Podcast!

In This Episode We Cover:

Recap on last time Justin was a guest
Why he was afraid to close that first deal
Why he shifted to higher-end rehabs
Market dips — and how he proactively takes advantage of them
What key metrics he looks at when evaluating a deal
The profit spreads Justin looks for
Tips for finding contractors from lower end to higher end
How many deals he does now
How much he makes on each wholesale deal
Tips for creating criteria for prospective properties
How Justin does driving for dollars
His hoarder house story
What you should know about zoning restrictions that affect rebuiling a house
How to track a direct mail list
His experience quitting his job
His most exciting deals
And SO much more!

Links from the Show

Books Mentioned in this Show

The Millionaire Real Estate Investor by Gary Keller
Rich Dad Poor Dad by Robert Kiyosaki
The New One Minute Manager by Ken Blanchard

Tweetable Topics:

“When you go to a higher price point, the ability to create a larger profit is just much greater.” (Tweet This!)
“If there’s a deal, you will find the money.” (Tweet This!)
“It’s really difficult when you start, but after you get through the first couple deals, it gets easier.” (Tweet This!)

Connect with Justin

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