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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:

131: Investing in Multifamily Properties in a HOT Real Estate Market with Serge Shukhat Jul 15, 2015

Show notes

Everyone wants to invest in multifamily properties. (Well, almost everyone.) But with the market heating up around the country, great deals are becoming incredibly difficult to find. That’s why we had to bring back one of our most popular guests on the BiggerPockets Podcast, Serge Shukhat.

The last time we talked with Serge back in episode 60, Serge told us how he built up a massive portfolio in just a few years. But if you were impressed then, this show is going to blow you away. Filled with TONS of actionable tips, stories and warnings, this is one episode you are going to want (and need) to listen to over and over again.

In This Episode We Cover:

How Serge got started in real estate
What he’s been up to since his last episode
What value add and value add investors are
What you need to know about commercial lending
How he used seller financing for his 32 units
The 3 components of successfully purchasing multifamily properties
The ins and outs of cap rate and exit cap rate
Why Serge does his own property management
Things to avoid when value add investing
What exactly submetering is
Instances when overlooking things may cause problems later on
Thoughts on using multi-units as vacation rentals
How to train resident managers and tenants
The importance of changing your strategy depending on the market
What you should know about long term 30-year fixed financing
What secondary markets are — and why Serge likes them
How to connect with owners and resident managers
How to keep a competitive advantage
And SO much more!

Links from the Show

Books Mentioned in this Show

The Magic of Thinking Big by David J. Schwartz
Rich Dad Poor Dad by Robert T. Kiyosaki
Landlording on Auto-Pilot by Mike Butler
The Real Book of Real Estate by Robert T. Kiyosaki
The 7 Habits of Highly Effective People by Stephen Covey
The ABCs of Real Estate Investing by Ken McElroy
The E-Myth Revisited by Michael E. Gerber
The ONE Thing by Gary Keller
How to Win Friends & Influence People by Dale Carnegie

Tweetable Topics:

“If you want to do a syndication, make sure you find a syndicator that is experienced. It’s all about the sponsor.” (Tweet This!)
“Time is not your enemy in real estate, time is your friend.” (Tweet This!)
“Be on a location where people want to be.” (Tweet This!)
“No matter how successful you are, you got to keep moving forward.” (Tweet This!)

Connect with Serge

Serge’s BiggerPockets Profile

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130: Ten Smart Tips for Making $1M+ Flipping Houses with Will Barnard Jul 09, 2015

Show notes

Will Barnard recently closed on a seven-figure profit house flip (that’s right… over $1M on one single house!) In this episode of the BiggerPockets Podcast, Will shares the story, as well as 10 specific and actionable tips for anyone looking to rehab a property. Be sure to grab a pen and paper for this show… you are going to need it!

In This Episode We Cover:

How Will’s doing since the last time he was on the show
The famous 7 Figure Flip
All the details you want to hear about that flip!
The 10 things you need to become a better flipper
How to know your market
The importance of building a team before you buy
The members you need on your team
How to find quality contractors
The importance of negotiation as a real estate investor
The two numbers that you need in order to make an offer
The ins and outs of using leverage
How to build a reputation by taking care of your investors
The importance of learning how to manage efficiently
How to know where you can save (and where you shouldn’t) in flipping houses
And SO much more!

Links from the Show

Books Mentioned in this Show

The 10X Ruleby Grant Cardone
The Book on Flipping Houses by J. Scott
The Book on Investing with No Money Down by Brandon Turner
A Million Bucks by 30 by Alan Corey
Trump-Style Negotiation: Powerful Strategies and Tactics for Mastering Every Dealby George H. Ross
Rich Dad’s CASHFLOW Quadrant by Robert T. Kiyosaki

Tweetable Topics:

“You really need to get the boots on the ground to know your market.” (Tweet This!)
“Trying to flip from afar is really asking for trouble.” (Tweet This!)
“Everything you do in the real estate field — everything — pretty much is a negotiation.” (Tweet This!)
“Listening to people negotiate is really helpful.” (Tweet This!)
“There’s no right or wrong answer here. It’s a matter of finding out what do you want.” (Tweet This!)
“You can’t be scared to fail because you’re going to fail.” (Tweet This!)

Connect with Will

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129: Live-in Flips, Frugality, and Finance with Mindy Jensen Jul 02, 2015

Show notes

On this episode of the BiggerPockets Podcast, we’re going to talk about a unique strategy that combines the power of house flipping with the benefits of home ownership. You’ll meet Mindy Jensen and discover how she uses the “live-in flip” strategy to build wealth through real estate. You’ll also learn how a live-in flipper can save significant money on taxes as well as a discussion on the benefits of doing your own work. Don’t miss this enlightening, and hilarious, episode!

In This Episode We Cover:

Who Mindy Jensen is
Her thoughts on personal finance
Frugality, as defined by Mindy
A debate on Starbucks (as well as Priuses) and frugality
Where she spends her money
How Mindy got started in real estate
Details on her deals
7% as a steal?
The ins and outs of performing a live and flip
Getting a real estate license as a means to invest
What you should know about For Sale By Owner (FSBO) properties
How she advertises her houses
The pros and cons of live and flips
Why women can and should fix houses
The importance of home inspections
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on Flipping Houses by J. Scott
The Book on Investing with No Money Down by Brandon Turner
The Snowball: Warren Buffett and the Business of Life by Alice Schroeder
The Warren Buffett Way by Robert G. Hagstrom
The Richest Man in Babylon by George S. Clason

Tweetable Topics:

“Frugality is save money where you can, so you can spend it where you want to or where you need to.” (Tweet This!)
“I didn’t get my license to sell houses. I got it so that I could invest and have access to MLS.” (Tweet This!)
“Nobody likes your house more than you.” (Tweet This!)

Connect with Mindy

Mindy’s BiggerPockets Profile

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128: Investing in Foreclosures, Quitting Your Job, and Getting More Than 10 Loans with Anca Rader Jun 25, 2015

Show notes

On this episode of the BiggerPockets Podcast, we sit down and talk with a real estate entrepreneur who recently was able to quit her job and travel the world thanks to her real estate ambitions! You’ll learn the unique methods Anca uses to get around the “4 to 10 loans” limit to finance numerous properties, as well as many other tips on everything ranging from house hacking to buying foreclosures to buying at an auction, and so much more. Don’t miss this excellent interview with an incredible successful investor, Anca!

In This Episode We Cover:

How Anca got started with real estate
Why Anca started with 50-50 partnership deals with her dad
How they got their first deal
How home equity loans can help you invest
Buying foreclosed properties
The ins and outs of REO foreclosures
Tips for new real estate investors
What you should know about getting loans
How Anca manages her 33 rental units
Using commercial loans to finance residential investments
How Anca uses the BRRR strategy to invest with low-money down
Anca’s smart strategy for getting deals when working with other agents
The dangers of buying properties in auction
Things you need to know about long distance investing
And SO much more!

Links from the Show

BiggerPockets Store
The Book on Flipping Houses by J. Scott
The Book on Investing with No Money Down by Brandon Turner
BiggerPockets Webinar
BiggerPockets Webinar Pro Replays
Auction.Com
Hubzu
HomeSearch
Seth Rogen & James Franco Bound 3 HD (Explicit)

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki
Total Recall: My Unbelievably True Life Story by Arnold Schwarzenegger
The Obstacle Is the Way: The Timeless Art of Turning Trials into Triumph by Ryan Holiday

Connect with Anca

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127: How to Use a Partnership to Acquire (and Manage) 100+ Units with James Wise Jun 18, 2015

Show notes

As you grow your real estate business, a partner can help you achieve incredible levels. That’s why today on the BiggerPockets Podcast we sit down with James Wise to talk about how he used a partnership to build his own investment portfolio, as well as build a thriving brokerage and property management business. In this interview, you’ll learn how James finds and screens tenants, uses BiggerPockets to raise money, and much more.

In This Episode We Cover:

How James got started with real estate
How he (unknowingly) house hacked his first property
How he moved on to his next deals
Tips on finding a business partner
Learning the hard way through trial and error
How James screens tenants now (and the mistakes he used to make!)
Valuable tips on finding partners
How he’s using BiggerPockets to grow his business
His take on starting a brokerage or real estate management company
Tips for real estate agents working with an investor
Where to get the cash to actually live while investing in real estate
And SO much more!

Links from the Show

Books Mentioned in this Show

Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth by Robert G. Allen

Tweetable Topics:

“You’re always going to have vacancies. It’s part of the business.” (Tweet This!)

Connect with James

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126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray Jun 11, 2015

Show notes

Building a real estate empire takes time, effort, and significant amounts of capital. However, as our guest today shares with us, it’s not beyond your reach! Learn how Brian Murray built a real estate portfolio to over 400 units using a variety of strategies and intelligent techniques. If you plan on building a large real estate portfolio in your future, this is a CAN’T MISS episode!

In This Episode We Cover:

How Brian got started with real estate
Why he invested in commercial office space
The techniques he used to get the place rented
What exactly assuming the loan of the seller means
A discussion about Capitalization Rates
Value added investing
How to use the 50% Rule with commercial properties
The value of putting money back into the property
How he manages his properties and his specific views on it
How to find great deals
Tips for real estate investors on getting started
His biggest success and biggest mistake
And SO much more!

Links from the Show

Books Mentioned in this Show

The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges
Rich Dad Poor Dad by Robert Kiyosaki
Don’t Sweat the Small Stuff and It’s All Small Stuffby Richard Carlson

Tweetable Topics:

“You can’t expect anyone to treat your property as well as you do yourself.” (Tweet This!)
“You’re gonna see far better returns if you invest yourself and your time into your properties.” (Tweet This!)
“A lot of people they think that a property is not for sale, everything is for sale.” (Tweet This!)
“Grit is living life like a marathon, not a sprint.” (Tweet This!)

Connect with Brian

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125: The Key to Business Success with Bestselling Author of The E-Myth Michael Gerber Jun 04, 2015

Show notes

What if you could sit down with one of the best-selling business authors of all time and pick their brain? Lucky for you, that’s exactly what you get to do today here on the BiggerPockets Podcast where we interview Michael Gerber, author of The E-Myth Revisited. The E-Myth has been one of the most-frequently mentioned books from past guests on this Podcast, so we just had to sit down with Michael to talk about what makes some investors successful and other’s struggle continuously! Hint: It’s all about the system. Stay tuned!

In This Episode We Cover:

Who Michael Gerber is
How he got to where he is now
Lessons that he learned early in life
What exactly the “E-Myth” is
The primary reason why businesses fail
Working on your business vs. working in your business
“Turnkey-ing” a business
How to invent and implement a system
One tip for a storage unit operator
The four personalities in every business
How to get a mentor
And SO much more!

Links from the Show

Books Mentioned in this Show

The E-Myth by Michael Gerber
The Millionaire Next Door by Thomas J. Stanley
The Book on Investing with No Money Down by Brandon Turner
The E-Myth Revisited by Michael Gerber
Marketing for Business Growthby Theodore Levitt

Tweetable Topics:

“Every small business is a school.” (Tweet This!)
“Don’t get into something unless you’re changing the world.” (Tweet This!)
“Passion is insufficient; persistence and dedication are absolutely critical.” (Tweet This!)

Connect with Michael

Michael’s Company
Michael’s Email

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124: Building a Real Estate Empire At a Young Age with Jered Sturm May 28, 2015

Show notes

Is it possible to invest in real estate when you don’t have decades of life-experiences? That’s the topic we dive into today on the BiggerPockets Podcast with special guest Jered Sturm. Jered, who is in his mid-twenties, is an incredibly successful buy-and-hold investor as well as a house flipper and contractor. Jared’s unique strategy appeals to anyone who is looking to build a large portfolio in a short time. Today’s show is all about hustle, and doing what it takes to succeed! Whether you are 25 or 75, this interview is bound to inspire you to take massive action to find the success you desire. Stay tuned!

In This Episode We Cover:

How Jered bought his first property right out of high school
Details on Jered’s journey to 20+ units
How Jered has financed his deals
The ins and outs of the flips he’s completed
The importance of networking to finding properties
How Jered and his team find deals
The common trait that makes some landlords terrible
The advantages and disadvantages of investing in real estate at a young age
The power of exponential growth
And SO much more!

Links from the Show

Books Mentioned in this Show

The E-Myth Revisited by Michael Gerber
J. Scott’s The Book on Flipping Houses
Investing in Real Estate by Gary Eldred
Business Brilliant by Lewis Schiff

Tweetable Topics:

“If we can do it for others, why not do it for ourselves?” (Tweet This!)
“If you wait longer in life, you’re going to have all the responsibilities that usually come later in life.” (Tweet This!)
“People can find the confidence in you if you just carry yourself the right way.” (Tweet This!)
“There’s gonna be times in life where I’ll know I want free time more than I do now.” (Tweet This!)
“No company cares about the property as much as an owner.” (Tweet This!)
“Be someone that people will lend money to.” (Tweet This!)

Connect with Jered

Jered’s BiggerPockets Profile

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123: Overcoming an Ugly Past to Become a Cash Flow King with Justin Escajeda May 21, 2015

Show notes

Today’s episode of the BiggerPockets Podcast is different than any other we’ve done, and probably not one to listen to with the kids in the car. Today we’re talking with Justin Escajeda, who overcame a life of crime, drugs, and homelessness to create an impressive real estate business, despite his ugly past. You’ll learn about the process Justin went through to build his empire and discover some unique ideasto help you create additional passive income in your life. Prepare to be shocked, encouraged, and motivated after listening to today’s show.

In This Episode We Cover:

How Justin got started in real estate investing
The hard past he had to overcome
His first screening experience with his duplex
How he landed his first deal, a duplex in a low income neighborhood
How he found his real estate partnership
A discussion on seller financing
The ins and outs of self storage
Some of the downsides of self storage
One tip for a storage unit operator
Justin’s opinion on mobile homes
His plans for the future
And SO much more!

Links from the Show

Books Mentioned in this Show

Rich Dad Poor Dad by Robert Kiyosaki
The Millionaire Next Door by Thomas J. Stanley

Tweetable Topics:

“The more people you network with, the greater your chance to succeed as a real estate investor.” (Tweet This!)
“I try to negotiate with park owners because what’s in their benefit is my benefit too.” (Tweet This!)
“It’s very difficult to do things the correct way, by the book.” (Tweet This!)

Connect with Justin

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122: 5 Myths Holding Investors Back From Real Estate Greatness with Chris Clothier May 14, 2015

Show notes

On this episode of the BiggerPockets Podcast, we’re talking about myths. No, not about Sasquatch, elves, or the abominable snowman. We’re talking about real estate myths that might be holding YOU back from greatness! We’re excited to bring back Chris Clothier, a seasoned investor and business owner who shares stories from his own experiences to help you achieve new levels of success. Don’t miss one second of this incredibly powerful and actionable podcast!

In This Episode We Cover:

Who is Chris Clothier?
What got him into real estate?
Getting to the top 50 Home Buyers
Five Real Estate Investment Myths
Myth 1: Don’t work with family
Myth 2: Past performance is a reliable predictor for future investments
Myth 3: Investing in real estate is a big time sink
Myth 4: You should only invest locally
Myth 5: You should avoid risk at all cost
Five specific scenarios that are risky and how Chris would handle them
Learn an amazing tip when closing a deal!
How not to get ripped off by a property management company
And SO much more!

Links from the Show

Books Mentioned in this Show

Make It BIG!: 49 Secrets for Building a Life of Extreme Success by Frank E. McKinney
Scaling Up: How a Few Companies Make It…and Why the Rest Don’t (Rockefeller Habits 2.0) by Verne Harnish
Start with Why: How Great Leaders Inspire Everyone to Take Action by Simon Sinek

Tweetable Topics:

“You don’t have a job for everyone.” (Tweet This!)
“In any partnership there should be clear lines, clear boundaries, and clear respect.” (Tweet This!)
“A lot of investors look to go out of area first because they don’t understand real estate.” (Tweet This!)
“There maybe more risk with a lower cost investment, than higher cost investment.” (Tweet This!)
“Our fear of losing money is greater than our desire to earn.” (Tweet This!)
“Risk is all about assessing the good and the bad of making the decision or not making the decision.” (Tweet This!)
“For investors, risk is not a bad thing.” (Tweet This!)
“There is no perfect time.” (Tweet This!)

Connect with Chris

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