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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:

173: Flipping 100+ Houses in an Expensive, Competitive Market with Steve Jones May 05, 2016

Show notes

House flipping can be incredibly profitable and fun — but for many people, trying to make it work is next to impossible because of the high cost of homes. That’s why on this episode we’re excited to chat with Steve Jones, a house flipper from Southern California who has flipped over 100 deals in his neighborhood. Steve’s advice is rock solid for anyone looking to grow their real estate business — and you are going to love his advice about open houses. Steve’s perspectives just might change how you do real estate forever.

In This Episode We Cover:

Thoughts on investing in Southern California
How Steve got started in real estate
The first home he flipped
What exactly a “condo conversion” is
How he’s done over 100 flips so far
How Steve finds his deals
What you should know about looking for hidden value
Steve’s formula for evaluating a deal
How he flips a deal
What he typical spends on a normal rehab
The worst flip he’s ever done
How to think with the buyers in mind
Tips for getting an A-team contractor
How to learn from contractors
The importance of developing a thorough scope of work
Why deals are relationship based
How to calculate land value
What happens when people lose their money
Things that he loves about flipping houses
The “slow flip”
Becoming an expert on your neighborhood
And SO much more!

Links from the Show

Fake F***ing Flowers (video)
BiggerPockets Calculators

Books Mentioned in this Show

Rich Dad Poor Dad by Robert T. Kiyosaki
Why We Buy: The Science Of Shopping by Paco Underhil

Tweetable Topics:

“We always bring the indoors outdoors — and bring the outdoors in.” (Tweet This!)
“You have to have an appetite for risk.” (Tweet This!)
“Your best price is always going to be your first price.” (Tweet This!)

Connect with Steve

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172: Breaking Into Apartment Investing with a 100-Unit First Deal with Jonathan Twombly Apr 28, 2016

Show notes

Have you ever dreamed of owning large apartment complexes? If so, don’t miss this powerful interview with Jonathan Twombly, a real estate investor whose very first deal had over 100 units! You’ll learn why Jonathan skipped the “small deal phase” and jumped right into big deals — and how he’s gone from nothing to over 400 units in the past several years. This show offers an incredibly realistic view of what it actually takes to break into the apartment complex market!

In This Episode We Cover:

How Jonathan got out of the law industry and into real estate investing
The partnership that changed his life
How you can always find deals within 100 miles
The details of Jonathan’s first deal
What to do when someone cancels the deal
How financing contingency works
How he structures his deals
Tips for establishing yourself with brokers
The due diligence list to show to brokers
The importance of asking your friends for introductions
Why you should focus on the relationship aspect of investing
The details of Jonathan’s first successful deal
Why you should consider buying the “unsexy” properties
Tips on looking for deals
How he makes money through syndication
His strategy on making 400-unit deals
How he manages properties
What you should know about underwriting a deal
Things he would done differently if he started all over again
And SO much more!

Links from the Show

Books Mentioned in this Show

The Wall Street Journal. Complete Real-Estate Investing Guidebook by David Crook
Logistics Clusters by Yossi Sheffi
The War of Art by Steven Pressfield
The 4-Hour Workweek by Timothy Ferriss

Tweetable Topics:

“You don’t know what the heck you are doing, but you’ll figure it out when you start somewhere.” (Tweet This!)
“If you are a new investor, it’s not about how much money you have but about how many deals you have closed.” (Tweet This!)
“Persistence is 90% in business and then the other 10% is not being an idiot.” (Tweet This!)

Connect with Jonathan

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170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman Apr 14, 2016

Show notes

On this inspiring episode of the BiggerPockets Podcast, we sit down with real estate entrepreneur Andrew Cushman to learn how he went from a full-time job as a chemical engineer to a house flipper and finally a real estate syndicator, buying over 1400 units in less than a decade. You’ll learn how Andrew finds deals, manages the rehabs on a large scale, raises money for large apartment purchases, and more. Don’t miss a moment of this powerful show!

In This Episode We Cover:

How Andrew started as a chemical engineer — then got into investing
Why he trusted his mentor from the outset
How many flips he has done so far
Tips for scaling from 0 to 24 flips in 5 years
The details of his first flip
A discussion on buying pre-foreclosure properties
The story of making 4,575 phone calls before getting his first deal
The importance of believing in yourself and believing in the system
How Andrew has flipped 24 properties and 1,470 apartments
How he made money on the first flip
How to scale by building a system
How to find pre-foreclosed deals
The best flip he’s ever completed
Tips on weird houses
His first apartment deal
Why he doesn’t recommend a heavily distressed deal
The difference between single family and multifamily properties
How to become a “sophisticated investor“
How he find apartment deals
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert T. Kiyosaki
The One Thing by Gary Keller and Jay Papasan
The E-Myth Revisited by Michael E. Gerber
Emerging Real Estate Markets by David Lindahl
Multi-Family Millions by David Lindahl
Start with NO by Jim Camp

Tweetable Topics:

“This system will work so I’m going to make it work.” (Tweet This!)

Connect with Andrew

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169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene Apr 07, 2016

Show notes

What does it take to truly find success in real estate — especially when you make an average salary and live in an expensive city? That’s the topic of today’s show, where we sit down with David Greene, a full-time police officer in the San Francisco market who’s managed to buy multiple deals in the past several years through mass hustle and persistent deal-finding. You’ll learn how David finds deals, invests both in-and-out-of-state, and finances those deals on a cop’s salary! This show is sure to motivate and educate you to do more deals this year!

In This Episode We Cover:

Who David Greene is and how he bought a $565k house for $195k
The challenges of renting out a house
His tips for first time landlords
Thoughts on credit checks
How to use property managers as advisors
Steps for buying property from afar
The second hurdle he met while investing
What you want in a real estate agent
How he got financing despite his profession
Looking at investing like the Golden Real Estate Warriors to save money
The importance of working hard to reach your goals
A discussion on investing in notes — the downsides and upsides
David’s game plan
Why consistency is key to reaching success
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on Rental Property Investing by Brandon Turner
The Richest Man in Babylon by George S. Clason
So Good They Can’t Ignore You by Cal Newport
The Millionaire Real Estate Agent by Gary Keller
The Millionaire Real Estate Investor by Gary Keller
Rich Dad Poor Dad by Robert T. Kiyosaki

Tweetable Topics:

“You can do everything wrong in real estate at the beginning. If you hold on long enough, it’s going to work out.” (Tweet This!)
“You have to embrace that it’s hard and be glad that it is.” (Tweet This!)

Connect with David

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168: Building Hundreds of Homes to Sell or Rent with Cameron Skinner Mar 31, 2016

Show notes

Today we’re excited to bring you an interview with a savvy investor who’s done over 500 deals — Cameron Skinner. Cameron got his start with new construction spec builds in the late 1990s and due to the changing economy created an interesting twist that we know you guys are going to just love. This episode is packed with incredible, actionable advice that will leave you shouting, “I’m totally going to do that strategy!”

In This Episode We Cover:

How Cameron got started by partnering with someone
Why he started with new construction
Can anyone build to rent?
How to calculate capex and why it’s important
What exactly cost segregation is
How to get tax benefits now
How many deals Cameron has done so far
His experience during the crash
What you should know about how lease options work
When to seek professional advice regarding the laws in your area
How to know your market
Downsides of the build-rent strategy
Tricks for finding the best contractor
How he completed so many deals without picking up a hammer
How to keep an “investor mindset” to find the best deals
The importance of finding out your skill set
Why Cameron has no employees
The cost of tearing down a property
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 Matt MacFarland
Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
The Richest Man in Babylon by George S. Clason
Thou Shall Prosper by Rabbi Daniel Lapin

Tweetable Topics:

“I’m not worried about 20 years from now because I might be dead — so I want to take the tax benefits now.” (Tweet This!)

Connect with Cameron

Cameron’s BiggerPockets Profile

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167: 0 to 25 Units in Your First Year (Part-Time!) with Kevin Wood Mar 24, 2016

Show notes

People have a lot of excuses about why they aren’t’ investing in real estate. “I work too much.” “I live in an expensive area.” “I don’t know enough.” But on today’s show, we sit down with a BiggerPockets member who is absolutely crushing it — despite a full-time job, living in Silicon Valley, and being brand-new to real estate. You’ll learn how Kevin Wood has managed to go from zero to twenty-five deals in under a year, largely using networking on BiggerPockets to make it happen. You’ll be inspired, motivated, and educated to get off the bench and jump into the game!

In This Episode We Cover:

How Kevin went from 0 to 25 units in less than a year
How to overcome the fear of buying that first deal
How BiggerPockets helped Kevin focus on his investing
The “condo mistake” Kevin almost made for his first deal
How to have a competitive advantage
Tips for approaching other investors
Why (and how) Kevin bought five houses at once for his first deal
The logistics of buying five properties at once as a newbie
How to know if you’re buying a good deal or not
The benefits of analyzing 100 deals
Investing in stocks vs. real estate
How to make a good partnership
Tips on working with partners — the good, bad, and ugly
How to introduce yourself on BiggerPockets
How Kevin got a $200,000 discount on his 6-plex
The 14-unit turnaround — and the drama associated with it
How to work with a designer to get the best look for a unit
A discussion on contractors and how to find them
How to manage a multifamily complex
The caveats associated with big fixer-upper deals
Tips on going for package deals
The genius negotiating strategy Kevin uses to get incredible deals
And SO much more!

Links from the Show

Before and After Images

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki
Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
Investing in Apartment Buildings by Matthew Martinez
The Millionaire Real Estate Investor by Gary Keller
The 4-Hour Workweek by Timothy Ferriss
The One Thing by Gary Keller and Jay Papasan

Tweetable Topics:

“Once you have that first deal, you suddenly become more legitimate.” (Tweet This!)
“Once the number makes sense, then we do everything we can to find the yes.” (Tweet This!)
“Never compromise in your returns.” (Tweet This!)

Connect with Kevin

Kevin’s BiggerPockets Profile

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166: How Modeling Greatness Can Get You To 100+ Deals with Matt Aitchison Mar 17, 2016

Show notes

One of the best ways to achieve incredible results in your life is to model others who have succeeded before. At least- that’s how our guest today was able to do over 100 deals- all before his 28th birthday! Today Matt Aitchison shares his story of overcoming a rough past and how he used real estate to define an incredible future. This powerful show is slammed packed with actionable tips and tactics that YOU can use, right now, in your business to increase your net worth through real estate investing! This show is bound to go down in the books as one of the greatest shows in BiggerPockets history!

In This Episode We Cover:

How Matt learned to invest as a child!
Matt’s first deal – that made him $100,000
Teaching your kids about real estate investing
Building a sizable real estate team
How Matt “models” others to achieve success
How to attract a mentor
The importance of “showing up“
What makes a good wholesaler?
The creative strategy Matt uses to buy properties for $0 out of pocket!
How to vet a borrower if you are the lender
How Matt handle the phone leads in his business
Hiring an intern to replace your day-to-day tasks
The actual response and conversion rates Matt gets from direct mail
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on Tax Strategies for the Savvy Real Estate Investorby Amanda Han and Matt MacFarland
Rich Dad Poor Dad by Robert Kiyosaki
Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
The ABCs of Real Estate Investing by Ken McElroy
Essentialism: The Disciplined Pursuit of Less by Greg McKeown
The One Thing by Gary Keller and Jay Papasan

Tweetable Topics:

“If you’re not keeping score you’re just practicing.” (Tweet This!)
“Life rewards the people who show up everyday.” (Tweet This!)

Connect with Matt

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164: Scaling from 0 to 400+ Deals Through Real Estate Entrepreneurship with Steve Mills Mar 03, 2016

Show notes

What’s it truly take to go from beginner to advanced in real estate? On this episode of the BiggerPockets Podcast, we sit down with Steve Mills, who shares exactly how he was able to overcome a bad first deal, find mentors, work with a partner, and eventually do more than four hundred real estate deals! This show is both highly motivating and informative and will definitely leave you with some great nuggets that you can use in your business to buy more real estate and have more fun doing it!

In This Episode We Cover:

Where Steve comes from and a discussion about Detroit
How he got into real estate
The entrepreneurial mindset
Why you should educate yourself
What his first deal looked like
The importance of using bad deals as a learning experience
Thoughts on selling via a land contract
Why Steve chose wholesaling
Details on his first wholesale deals
How to negotiate your way to getting deals
What you should know about zoning
How to understand a lead
Functional obsolescence
Changing strategies as your business grows
A discussion on commercial real estate
How to find the confidence to do deals
And SO much more!

Links from the Show

Books Mentioned in this Show

Think and Grow Rich by Napoleon Hill
Rich Dad Poor Dad by Robert Kiyosaki
Psycho-Cybernetics by Maxwell Maltz

Tweetable Topics:

“Real estate allows so much opportunity and growth in life.” (Tweet This!)
“Having a group and joining one created a confidence in me.” (Tweet This!)
“You can’t go acting broke and talking money.” (Tweet This!)

Connect with Steve

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163: Making Your Real Estate Business Soar While Working a Full-Time Job with Bill Allen Feb 25, 2016

Show notes

Having a full-time job can make investing in real estate tough. However, with the right systems, people, and plan, your business can thrive no matter how few hours you have to dedicate towards it! In this episode of the BiggerPockets Podcast, we sit down with Bill Allen, a navy pilot who’s done just that in a very short time. We talk about hiring your first employee, finding good deals, using low down payment loans to fund your deals, and a lot more. If you are looking to make your real estate business launch into the stratosphere, don’t miss a moment of this show!

In This Episode We Cover:

What Bill does aside from being active duty in the U.S. Navy
How he got into the real estate world
The importance of being able to walk away from a house
What you should know about the housing assistance program
His $185k loss in an investment
The difference between buying rentals and buying primary residences
His first investment property
What exactly a VA loan is
How he uses VA loans creatively to finance his investing
How to treat real estate as a business
Mistakes on his first flip and what he could have done better
How Bill got private money despite not having deals under his belt
Tips for flipping while having a full time job
How to structure your business to maximize the potential in your market
Considerations while hiring your first employee
The importance of setting task lists
How to incentivize those you hire
How many deals has Bill done
Thoughts on diversifying your business
Tips for creating a good website
How to funnel your leads
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 Book on Flipping Housesby J. Scott
The 4-Hour Workweek by Timothy Ferriss
Flipping Houses Exposed by Danny Johnson
The Bogleheads’ Guide to Investing by Taylor Larimore
The Millionaire Next Door by Thomas J. Stanley
The One Thing by Gary Keller and Jay Papasan

Tweetable Topics:

“It’s not emotional. I buy it as an investment property.” (Tweet This!)
“If they can do it, I can do it.” (Tweet This!)
“Know what the value of something is before you pay for it.” (Tweet This!)

Connect with Bill

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162: How to Pay Less to the IRS with Amanda Han, CPA Feb 18, 2016

Show notes

No one likes paying taxes, so let’s talk about how you can pay FAR less to the IRS! On today’s show, we sit down with real estate investor and CPA Amanda Han, the author of the brand new book The Book on Tax Strategies for the Savvy Real Estate Investors. In this powerful (and fun!) interview, you’ll learn about the biggest tax mistakes investors make when setting up — and running — their real estate business. This interview could literally save you thousands of dollars! Dig in!

In This Episode We Cover:

The new book that will help you save money
Who Amanda Han is and how she became CPA to an investor
Why the Tax Code is a language on its own
The importance of working with a CPA in regard to the Tax Code
The big list of people who screw up their taxes
Getting the right legal entity on the first deal
The two things to ask your CPA
Legitimate tax deductions you should know
Getting deductions from equipment
What you should know about the home office deduction
Other neglected deductions
A discussion on income shifting
Why you need to make sure you keep receipts
How to figure out if an activity is deductible through a CPA
Important retirement strategies
What you should know about self-directed investing
The basics of a 401(k)
The tax deferred and leverage concepts all rolled into one
Tips for getting benefits from depreciation
Entities and mistakes people make with them
How having corporations save on tax
Why you need proactive planning
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
The 4-Hour Workweek by Timothy Ferriss

Tweetable Topics:

“Within the Tax Code, there are a lot of loopholes.” (Tweet This!)
“As long as you can show that it is necessary for your business, it should be a tax reduction.” (Tweet This!)
“Depreciation is not a choice.” (Tweet This!)

Connect with Amanda

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